SCN 2Q2019 Financial Results Opportunity Day Presentation 12 - PowerPoint PPT Presentation

SCN 2Q2019 Financial Results Opportunity Day Presentation 12 September 2019 SCAN INTER PUBLIC COMPANY LIMITED

Agenda 1. SCN Overview and Key Highlights 3 2. Review of 2Q2019 Results 7 3. Business Direction and Update 13 Scan inter PCL / Opportunity Day / 12 Sep 2019 2

Business Overview Leading integrated natural gas service provider offering turnkey EPC, equipment Freight transportation for factories and spare parts, transportation of NGV in Laem Chabang and Map Ta and service stations across Thailand Phut industrial estates and nearby Gas Logistic provinces Operates Mitsubishi showrooms, retrofit center and a bus Portfolio comprising 2 operating manufacturing, sales and solar plants with combined capacity Automotive maintenance business of 6 MW in Thailand and a 220 MW Renewable in Myanmar Scan inter PCL / Analyst Meeting / 5 June 2019 3 3

Gas Businesses - Integrated Natural Gas Service Provider Private Mother Stations Natural Gas End Users Service Stations Transportation (PMS) EPC, Maintenance, Equipment, Spare parts and Testing Fuel System LNG Regasification Conventional Station Gas Quality Improvement Natural Gas Vehicles Myanmar Import Distribution Compression Pipeline Daughter Stations Domestic Factories Supply Scan inter PCL / Opportunity Day / 12 Sep 2019 4

2Q 2019 Key Financial Highlights 656 Revenue Revenue Million Increase mainly driven by growth in sales from auto dealership while gas segment experience moderate +7.2% growth YoY 121 EBITDA Million Slight decline from additional expenses to drive Net Profit business expansion ie. Bus assembly, renewable EBITDA projects +13.4% -2.3% YoY 46.9 Net Profit YoY Million Jump in revenue and gain from bargain purchase of GEPT shares. Scan inter PCL / Opportunity Day / 12 Sep 2019 5

Agenda 1. SCN Overview and Key Highlights 3 2. Review of 2Q2019 Results 7 3. Business Direction and Update 13 Scan inter PCL / Opportunity Day / 12 Sep 2019 6

Growth through Diversifications Amid NGV Downturn Total Sales EBITDA (THB MM) (THB MM) +7.23% yoy 1300 -63% qoq % of Sales 24.0% 300 16.0% 20.0% 18.5% 12.0% 1,084 1,040 1100 0.0% 250 -2.3% yoy -25.7% qoq 900 -100.0% 200 656 163 651 156 612 700 37 Others 16 -200.0% 130 150 Renewable 124 121 Auto 173 500 (Dealership) 19 Auto -300.0% 100 (NGV Buses) 300 411 Gas -400.0% 50 100 0 -500.0% 2Q18 3Q18 4Q18 1Q19 2Q19 2Q18 3Q18 4Q18 1Q19 2Q19 -100 EBITDA margin Revenue EBITDA For the half year of 2019, revenue from sales and services of SCN For 2Q19, EBITDA decreased -2.3% YoY and 25.7% QoQ to stand at • • increased by THB 309.6 million from last year, or 22.3% YoY and increase THB 121.0 million primarily due to Gas and Logistic segments having 7.2% from the same period last year. Major contribution of revenue high cost from investment to support higher growth and support more increase from Automotive segment in both the sales of NGV buses and auto customers. dealer business. Scan inter PCL / Opportunity Day / 12 Sep 2019 7

Gas Business Units Total Gas iCNG Stations (THB MM) (THB MM) (THB MM) 500 500 450 450 400 400 %GP -15.7% yoy 36.0% yoy 850 350 350 5.0% qoq 6.0% qoq 17.5% 22.7% 19.3% 300 300 8.0% 50.00% 18.0% 750 250 250 142 141 133 133 126 200 125 200 119 118 0.00% 108 104 650 150 150 4.31% yoy 100 100 0.24% qoq 498 -50.00% 550 50 50 444 0 0 411 410 398 -100.00% 2Q18 3Q18 4Q18 1Q19 2Q19 2Q18 3Q18 4Q18 1Q19 2Q19 450 -150.00% TPL 350 PMS -200.00% (THB MM) (THB MM) 500 400 250 450 350 -250.00% 400 150 300 -36.0% yoy -14.6% yoy 350 -1.6% qoq 9.1% qoq 250 300 -300.00% 50 250 200 200 2Q18 3Q18 4Q18 1Q19 2Q19 -50 -350.00% 150 81 150 69 61 60 58 100 41 37 36 33 33 100 Gross profit margin 50 50 0 0 2Q18 3Q18 4Q18 1Q19 2Q19 2Q18 3Q18 4Q18 1Q19 2Q19 Consolidated Gas Revenue from natural gas-related business in 2Q19 • EPC & Others 500 increased by 4.31%YoY and 17.6% QoQ as sales from 450 (THB MM) iCNG and service stations are rising but there is a decrease 400 -21.3% yoy in EPC& maintenance. 350 -25.0% qoq 300 Gross profit margin in 2Q19 decreased 0.5% • 250 148 200 77 150 64 61 48 100 50 0 2Q18 3Q18 4Q18 1Q19 2Q19 Scan inter PCL / Opportunity Day / 12 Sep 2019 8

Renewables and Automotive Renewables Automotive (THB MM) (THB MM) %GP %GP 300 80.0% 1500 8.1% 9.1% 5.9% 66.0% 2.0% 3.6% 67.0% 64.1% 10.0% 62.6% 70.0% 59.5% 1300 250 -10.0% 60.0% 1100 200 50.0% +20.2% yoy -30.0% 900 +55.3% 6M18/6M19 +4.7 yoy 40.0% -50.0% - qoq 150 576 700 30.0% 536 -70.0% 100 20.0% 500 -90.0% 355 367 192 160 158 10.0% 300 -110.0% 50 16 16 4 15 14 14 4 19 0.0% 220 169 173 156 154 100 -130.0% 0 -10.0% 2Q18 3Q18 4Q18 1Q19 2Q19 2Q18 3Q18 4Q18 1Q18 2Q19 -100 -150.0% Auto Dealer Bus Project Gross profit margin Renewables Automotive For 2Q19, Electricity sales increased by 4.7% Q2/2018 on Q2/2019 Sales from automotive business increased by THB 274 million or 55.7% • • and 5.3% YoY with a Well-managed in maintenance process, our solar YoY and increase 20.2% compared to Q2/2018 for the first half of 2019, cells have high capacity in generating electricity constantly. Thus, the sales of automotive business increase from the last batch of 189 NGV buses renewable energy business will provide sustained revenue from existing with BMTA and in this period, sales from Auto dealer also doing great with solar power plant with a total size of 6.267MW. growth of 11% in this quarter. Scan inter PCL / Opportunity Day / 12 Sep 2019 9

Net Profit and Operating Profit Net Profit and Operating Profit (THB MM) 112 Operating Profit • For 2Q19, operating profit decreased Operating approximately THB 3 million or 4.2%YoY Profit from 2Q18 and THB 43 million or 38.4 %QoQ 72 69 68 reflects the Company’s focus on profitability and cost controls 60 -4.2% yoy -38.4% qoq Net Profit • In the half year of 2019, Net Profit increased by more than THB 15.9 million from the half 73 +12.2% yoy year of 2018 of THB 103.3 million to 119.2 or +50.7% qoq 15.4% YoY and 13.4% from the same quarter Net Profit 47 46 of last year due to increase of revenue, declining 41 30 SG&A and gain from bargain purchase of GEP shares of THB 20.1 THB million. 2Q18 3Q18 4Q18 1Q19 2Q19 Scan inter PCL / Opportunity Day / 12 Sep 2019 10

Financial Position and Capital Structure 7,000.00 Assets Liabilities & Equity 7000 6,052 6,052 6,000.00 6000 5,258 5,258 5,000.00 5000 43.2% Total Financial position as of 30 June 2019 Equity • Total assets decreased 13.0% from THB 6,052 million to THB 5,258 million is a result of 49.7% 67.1% 4,000.00 77% 4000 Non – Current payment received from other parties. Assets • Total liabilities decreased by 6.5% in contrast with a decreased in Interest-bearing debt with 3,000.00 3000 higher amount of trade accounts receivables since there is a decreased in interest-bearing debt. • Total equities decreased 0.1% from THB 2,616 2,000.00 Total 2000 million to THB 2,613 million in 2Q19 from net 56.8% Liabilities profit for the period. In 2Q19, the company has a Other 50.3% total of THB 556 million in retained earnings, an Current Assets decrease of 0.35% from last year. 32.1% 1,000.00 1000 20.7% 2.3% Cash 0.9% 0 0.00 as of 31 Dec 18 as of 31 Jun 19 as of 31 Dec 18 as of 31 Jun 19 Scan inter PCL / Opportunity Day / 12 Sep 2019 11 11

Agenda 1. SCN Overview and Key Highlights 3 2. Review of 2Q2019 Results 7 3. Business Direction and Update 13 Scan inter PCL / Opportunity Day / 12 Sep 2019 12

Business stragy 3+1 OUR VISION “The Leader in energy innovations and technology in Asia Pacific. ” + 4. LOGISTIC 1. GAS 2. Auto 3. RENEWABLE Freight transportation Leading integrated natural Panthera Motors brand, Portfolio comprising 2 for factories in Laem gas service provider retrofit center and a bus operating solar plants with Chabang and Map Ta offering turnkey EPC, manufacturing, sales and combined capacity of 6 Phut industrial estates equipment and spare maintenance business and MW in Thailand and a 220 and nearby provinces. parts, transportation of dealership. MW in Myanmar. NGV and service stations across Thailand. Scan inter PCL / Opportunity Day / 12 Sep 2019 13