Company Presentation TTW Public Company Limited H12019 Disclaimer - PowerPoint PPT Presentation

Company Presentation TTW Public Company Limited H1’2019

Disclaimer  This presentation includes some forward-looking statements relevant to future events such as plans, business strategies, expectations, etc. Thus, actual situations may differ from what is projected in this presentation due to the unexpected environment which might be better or worse than anticipated. Investors or material users should be meticulous on any herein information.  This presentation, which is prepared by the company, is only used for investment information. Also, the information included in this forward-looking statement may be changed by TTW Public Company Limited without notice and then the company does not take any duty to update any relevant information. To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 2

Agenda Company Overview Operating and Financial Performance To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 3

Company Overview – Key Milestone Sep’00 : Company established & Entered into WPSA with PWA ( B.E. 2543) Jul’04 : Official COD ( B.E. 254 7 ) Mar’14 : Changed the Jul’06 : Converted to Plc. ( B.E. 25 57 ) ( B.E. 254 9 ) Company’s Name to “ TTW ” May’08 : Listed in SET ( B.E. 25 51 ) May’15 : Increased CKP Shares & Sep’10 : First Expansion Completed ( B.E. 25 58 ) ( B.E. 25 53 ) oversubscribed to 25.31 % CKP Shares Sep’11 : Acquired 30% CKP Shares ( B.E. 25 54 ) Aug’ 09 : Acquired BIE Rights ( B.E. 25 52 ) Jun’17 : The Construction of ( B.E. 25 60 ) Dec’08 : Second WPSA with PWA 2 nd Water Treatment Plant has CK Power Plc. ( B.E. 25 51 ) been Completed Feb’07: Acquired 98 % PTW Shares ) ( B.E. 25 50 ) Feb’06 : Acquired Water Flow Co., Ltd. Bangpa-In Industrial Estate ( B.E. 254 9 ) Jan’04 : First Day of Sale ( B.E. 254 7 ) Krathumban Water Treatment Plant Pathumthani Water Treatment Plant To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 4

Company Overview – Our Business Operates Produces and Investment in Distributes Tap water and Other business Tap water Waste water To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 5

Company Overview – Shareholder Structure CK 19.4% BEM 18.5% MITSUI 26% Free Floated 36.1% TTW Public Company Limited Produces and distributes tap water 3,99 0 MB. Registered Capital PTW CKP TWO 98%* 23.4% 68% 32% Pathum Thani Water Company Limited Thai Water Operations Company Limited CK Power Public Company Limited Produces and distributes tap water Operates tap water and waste water Power Holding company 1 ,200 MB. Registered Capital treatment systems 6 0 MB. 9,240 MB. Registered Capital Registered Capital * 2% is owned by PWA As of Jun 28, 2019 To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 6

Company Overview – Current Project *Design Cap. 440,000 m 3 /Day *Design Cap. 100,000 m 3 /Day Banglen Water Treatment Plant Krathumban Water Treatment Plant Pathum ThaniWater Treatment Plant Bangpa-in Industrial Estate Company TTW PTW TTW Tap water Supply Tap water Supply Tap Water & Waste Water Management Business Service BOO BOT Rights ( Operating Lease ) Contract Type 2004 – 2034 (30 yrs.) 1998 – 2023 (25 yrs.) 2009 – 2039 (30 yrs.) Contract Period Whole sale to PWA Whole sale to PWA BIE Contract Customer Production, Transmission and Distribution Production and Transmission N/A Investment Scheme West Bangkok ( Nakhon Pathom – Samut Sakhon ) North Bangkok ( Pathum Thani – Rangsit ) BIE ( Bang Pa-In Industial Estate, Ayutthaya ) Distribution Area Design Capacity *540,000 m 3 /day 488,000 m 3 /day TW: 48,000 m 3 /day, WW: 18,000 m 3 /day To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 7

Company Overview - Location Bangpa-in  3 Companies Industrial Estate  5 Locations in Water Business (BIE, Ayutthaya ) Phra Nakhon Sri Ayutthaya Pathum Thani Water (BIE) Pathum Thani Treatment Plant (PTW) (PTW, Pathum Thani) Amata City Industrial Estate ( Chonburi, Rayong ) Nakhon  1 Company in Energy Business Krathumban Pathom (TTW) Water Treatment Plant Bangkok (TTW, Samut SaKhon) Samut Sakhon Banglen Water Treatment (Krathumban) Plant (TTW, Nakhon Pathom) To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 8

Company Overview – Portion of Water Users Samut Sakhon – Nakhon Pathom (%) Pathum Thani - Rangsit (%) • Klongluang Utilities • Thai Union Group • Future Park Rangsit • Greensport • Pataya Food Industries • Asian Institute of Technology • Pakfood • ThainamthipManufacturing • Rangsit University 18 • Better Foods 21 • Elec & Eltek (Thailand) 41 • Zeer Rangsit • Unicord • Pinehurst golf club & Hotel • Dreamworld • Y.R,C, Textile • etc. • NSTDA • etc. • etc. Serving over 500,000 Water Users 42 or Millions of Lives 17 61 • Summit Starhome • Mahidol University • Pruksa Real Estate • Nadee Municipality ( Waterworks ) etc. • Sinsakhon Waterworks • etc. Industrial Household Commercial Industrial Commercial Household Top Users: As of Jun 2019 / Portion of Water Users: As of July 2019 To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 9

Company Overview – The Leading Position of Water Business in Thailand Capacity of Private Tap Water Companies m 3 /day 1,028,000 m 3 /day UU Universal Utilities Group (Subsidiary of East Water Group) Starting at 100 ,000 m 3 /Day BW Bangpakong Water Supply 600,000 CW Chachoengsao Water Supply + 100 ,000 488,000 500,000 + 100 ,000 440,000 ET EGCOM TARA + 100 ,000 400,000 NW Nakornsawan Water Supply 400,000 380,000 IWR Industrial Water Resource Management 300,000 REQ R.E.Q Water Service Source : PWA, www.uu.co.th 200,000 Others The Krathumban Water Treatment Plant ( TTW 2 nd ) 100,000 NW 43,200 ET 30,000 28,000 30,000 28,000 can expand the capacity up to 400,000 m 3 /day 100,000 CW 0 BW UU IWR REQ 2 nd TTW TTW 2nd PTW UU BW CW ET IWR REQ Group Plant *Remark – Not include BIE To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 10

Company Overview - Water Production Procedures Chemical Dosing Raw Water Intake Banglen Rapid Mixing Clarifier Tha Chin River Filter Rai Khing Tank Tank ( Nakhon Pathom Province ) Chao Phraya River Pathum Thani (Pathum Thani Province) End Users Land fill Sludge Dewatering Whole Sale Provincial Waterworks Treated Water Household + Industry + Commercial Water Distribution Authority (PWA) To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 11

Company Overview - Investment in Other Business - - - - - 23.4% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,900 MW 238 MW 29 MW 61.3% • Southeast Asia Energy Co., Ltd. (SEAN) • Bang Pa-In Co-Generation Co., Ltd. ( 65% ) 37.5% 100% • Bangkhenchai Co., Ltd. (BKC) 15 MW 75% - Phase 1 ( BIC 1 ) 118 MW 30% • Chiangrai Solar Co., Ltd. (CRS) • Nam Ngum 2 Power Company ( NN2 ) 8 MW - Phase 2 ( BIC 2 ) 120 MW • Xayaburi Power Co., Ltd. (XPCL) 30% 615 MW • Nakhon Ratchasima Solar Co., Ltd. (NRS) 6 MW 1,285 MW Source : www.ckpower.co.th As of Jun 28, 2019 To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 12

Company Overview - Investment in Other Business Profit sharing from investment in CK Power Change H1’2019 H1’2018 56.5 60 Unit : MB Amount % 19.9 36.6 +183.9 56.5 50 40 +183.9% ( YoY ) 30 19.9 238 MW 20 10 0 H1'2019 H1'2018 *Xayaburi Dam will be COD on October 2019 As of June, 2019 To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 13

Agenda Company Overview Operating and Financial Performance To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 14

Operating & Financial Performance – Portion of Revenue 30 TTW PTW TTW Group (%) 60 BIE Others 5 5 To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 15

Operating & Financial Performance TTW Sales Volume Location TTW mil.m 3 Period H1’2019 H1’2018 158.3 160 Utilization (%) 84.5 79.4 145.9 mil.m 3 138.5 138.4 137.7 136.1 + 8.5% 100 120 82.6 77.6 80 + 70.4 69.8 68.9 6.4% 80 60 40 40 20 0 0 Year H1'2015 H1'2016 H1'2017 H1'2018 H1'2019 2013 2014 2015 2016 2017 2018 Year  2018 Daily Average (m 3 ) = 434K / Day  H1’2019 Daily Average (m 3 ) = 456K / Day To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses

Operating & Financial Performance PTW Sales Volume Location PTW % mil.m 3 Change H1’2018 Period H1’2019 160 Utilization (%) 83.4 81.4 +2% 135.8 145.9 137.2 133.6 + 133.0 131.4 mil.m 3 7.4% 120 73.7 80 71.9 66.2 66.0 66.1 + 60 80 2.5% 40 40 20 0 0 Year 2013 2014 2015 2016 2017 2018 H1'2015 H1'2016 H1'2017 H1'2018 H1'2019 Year  H1’2019 Daily Average (m 3 ) = 407K / Day  2018 Daily Average (m 3 ) = 400K / Day To be Thailand’s Leading Company in Water, Energy and Eco -Friendly Businesses 17