Tirathai Public Company Limited Opportunity Day on August 30, 2018 - - PowerPoint PPT Presentation

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Tirathai Public Company Limited Opportunity Day on August 30, 2018 - - PowerPoint PPT Presentation

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Tirathai Public Company Limited Opportunity Day on August 30, 2018 Content Company Profile Operating Result of Q2 2018 Outlook 2018 Q &A 2 Company Profile 3 Tirathai & Subsidiaries Tirathai Public company Limited

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Tirathai Public Company Limited Opportunity Day on August 30, 2018

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SLIDE 2

Content

  • Company Profile
  • Operating Result of Q2’2018
  • Outlook 2018
  • Q &A

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SLIDE 3

Company Profile

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Tirathai & Subsidiaries

Tirathai Public company Limited

Tirathai E&S Co.,ltd. Distribution , installation maintenance service of electrical power equipment L.D.S. METAL WORK Co.,ltd. Manufacture for Tank and fabricate steel , EPC Conveyor System JV L.D.S - N.D.P Operation and Maintenance of Conveyor System of Hongsa Power Co. Ltd, (HPC), Laos PDR Thaifin Co.,ltd. Manufacture for Transformer’s fins and Tank support to Tirathai Plc.,ltd. 100% 100% 92.50% 20% 80%

Manufacturer of Distribution and Power Transformers and Repair Service

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SLIDE 5

II. Non-transformer

  • Arial Derrick Crane
  • Steel Fabrication
  • Constructions
  • Bulk Handling System
  • Operation and Maintenance Conveyor Belt System
  • Distribution

Transformer

  • Power Transformer
  • Transformer Service
  • Transformer Repair

Products of Tirathai Group

I.

Transformer

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SLIDE 6
  • I. Transformer Product & Service

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Distribution Transformer Power Transformer Special Transformer Our Main Customers

  • 1. Utilities

(PEA,MEA,EGAT)

  • 2. Private

2.1 Steel industry 2.2 Sugar industry 2.3 Power Plant 2.4 Energy industry 2.5 International Contractors 2.6 Others

  • 3. Export

(ASIA+SE.ASIA) [VAL UE] 33% [VAL UE]

Utilites Private Export

Revenue Policy by Customer

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SLIDE 7
  • II. Non Transformer Products

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  • Arial Crane Device

and Digger Derick Unit

  • Steel Fabrication
  • Construction
  • EPC Conveyor Belt

System

  • Operating and

Maintenance Service

  • f Conveyor Belt

System 50% 50%

Transformer Non transformer

Revenue Policy by Product Group

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SLIDE 8

TRT’s Key Strength

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  • Experience management team with more than 30 years in the

Transformer business

  • Engineering-to-Order
  • High Quality Products and Services
  • Top three of manufacturer of 300 MVA 230 kV Power Transformer in

Thailand

  • Well recognize as a successful player in bulk handling system including a

provider of Operating & Maintenance Service for power plant, mining and related industry

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SLIDE 9

Operating Result of Q2’2018

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Consolidated financial Statements

10 Unit : Million Baht 2015 2016 2017 Q1'2018(3M) Q2'2018(6M) Total Revenue 2,264.09 2,577.33 2,448.03 542.66 1,153.99 Revenue from Sales & 2,223.97 2,536.52 2,429.77 533.37 1,147.06 Gross Profit 413.65 661.01 488.45 133.06 258.56 EBITDA 44.87 192.89 (17.24) 38.88 69.76 EBIT (16.81) 125.81 (32.33) 17.36 26.12 Net Profit/(Loss) attributable to equity holders (45.97) 61.22 (68.70) 2.74 (2.31) Total Asset 3,024.84 3,303.62 3,147.29 3,072.89 3,193.15 Total Liabilities 1,351.86 1,608.65 1,416.36 2,033.46 2,159.59 Shareholders' equity 1,077.14 1,126.79 1,034.78 1,039.52 1,033.56 Financial Ratio Gross Profit Margin (%) 18.60% 26.06% 20.10% 24.95% 22.54% Net Profit/(Loss) Margin (%)

  • 2.03%

2.38%

  • 2.81%

0.50%

  • 0.20%

Return on Asset (%)

  • 2.05%

1.87%

  • 2.29%
  • Return on Equity (%)
  • 5.18%

5.36%

  • 3.47%
  • Book Value Per shares

3.50 3.66 3.36 3.37 3.36 Earnings per Share (0.15) 0.20 (0.22) 0.10 (0.01) Dividend per Share 0.05 0.13 - - -

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Total Revenues QoQ

404 249 419 595 387 435 205 209 150 200 146 179 608

[VALUE]

570 795 534

614

  • 200

400 600 800 1,000 1,200 1,400 1,600 1,800

Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18

Bt.Mill

Transformer Non-Transformer

Increased 34% QoQ

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[CATE GORY NAM E] [PE… [CATE GORY NAM E] [PE…

6M as of 30/6/18 Total Revenue Total Revenue of 457 in Q2’17 increased to 614 MBt in Q2’18. Transformer revenue of 249 MBt in Q2’17 increased to 435 MBt inQ’18, but Non-transformer revenue of 209 MBt in Q2’17 decreased to 179 MBt in Q2’18.

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1,868 1,667 652 822

667 763 413 325

500 1,000 1,500 2,000 2,500 2016 2017 1st Half 2017 1st Half 2018

  • Bt. Mill

Transformer Non transformer

2,535 2,430 1,147 1,065

Total Revenues YoY

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SLIDE 13

Gross Profit Margin by products, QoQ

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14% 4% 15% 26% 23% 20% 30% 31% 5% 37% 29% 24%

Q1' 17 Q2'17 Q3' 17 Q4' 17 Q1' 18 Q2'18

Transformer Non transformer

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SLIDE 14

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Gross Profit Margin by Product YoY Compared to Half Year

22% 17% 10% 22%

38% 27% 31% 27% 0% 5% 10% 15% 20% 25% 30% 35% 40%

2016 2017 1H'2017 1H'2018

Transformer Non-transformer

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187 263 (75) (38) (84) 259 238 26 70 (2) (150) (100) (50) 50 100 150 200 250 300

GP SG&A EBIT EBITDA NP attributed to Equity Holders

1H 2017 1H 2018

18% 23%

  • 4%

21%

  • 7%

2%

  • 8%

25% 6%

  • 0.2%

Bt.Mil

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Total Gross Profit (GP) VS Net Profit Margin (NPM) VS SG&A QoQ (6 months to 30.6.2018) (Consolidated)

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1.46 1.49 1.54 1.41 1.38 1.40

1.30 1.35 1.40 1.45 1.50 1.55 1.60 Q1' 17 Q2' 17 Q3' 17 Q4' 17 Q1' 18 Q2' 18 Interest Bearing Debt/Equity 16

Interest Bearing Debt/Equity Ratio

Interest Bearing Debt/Equity Ratio is in line with our business plan

  • Bt. Mil
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Outlook 2018

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Structure of Incomes by

Group Customer 2016 (A) 2017 (A) 2018 (F) 1st Half 2018

Transformer

  • 1. Gov+Local

1,306 1,195 1,374- 1,434 706 2.Export 479 401 461-481 95

  • 3. Transformer

Service 82 71 82-85 21 Total Transformer 1,867 1,667 1,917- 2,000 822 Non- Transformer

  • 4. Steel Structure &

Fabricate 161 357 428-439 114

  • 5. Distributing

Digger/Arial truck 209 70 150-206 37

  • 6. Operating &

Maintenance 299 336 300-330 174

  • 7. Others

41 18

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Total non- transformer 710 781 878-975 332 Total 2,577 2,448 2,795- 2,975 1154 18 1,867 1,667 1,917 822 710 781 878 332

  • 500

1,000 1,500 2,000 2,500

2016 2017 2018 (F) Q2 2018 (6M)

Transformer Non-Transformer

  • Bt. Mil

73% 68% 69% 71% 27% 32% 31% 29%

0% 10% 20% 30% 40% 50% 60% 70% 80%

2016 2017 2018 (F) Q2 2018 (6M)

Transformer Non-Transformer

  • Bt. Mil
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SLIDE 19

TRT Group Backlog As of 30.06.2018

Group

Customer Total Backlog (1)+(2) Delivery in 2018 (1) Delivery in 2019 (2)

Transformer

  • 1. GOV+Local

853 762 90

  • 2. Export

617 470 148 3.Transformer Service

  • Total transformer

1,470 1,232 238

Non- Transformer

  • 4. Steel Structure &

Fabricate

123 123

  • 5. Distributing

Derrick/Arial truck

  • 6. Operating &

Maintenance

456 156 300

Total non-transformer

579 279 300 Total 2,049 1,511 538

Transfor mer [VALUE] Non- Transfor mer [VALUE]

Transformer Non-transformer

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Bids and Quotations in Process As

  • f 30 June 2018

Customer M’ Baht 1.MEA* 2,600 2.PEA 1,700 3.EGAT* 1,620 4.Local 1,750 5.Export 1,525

  • 6. Transformer Service
  • 7. Distributing Derrick/Arial crane

2,155

  • 8. Steel Structure & Fabricate

700 Total 12,050

** Expect to receive the above orders approximately 20-25%

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