For Q4/2018 Energy Absolute Energy for Future
AGENDA Over View 1 Our Power Business 2 Our Biodiesel Business 3 Our Financial Results 4 Our Growth 5 2
E@ at a Glance Established In 2006 to produce palm oil Core Business Energy (Renewable and Utilities) Secondary Market The Stock Exchange of Thailand since 30 Jan 2013 Approximately THB 178.11 billion (US$ 5.57 billion) Market Capitalization As of 1 Mar 2019 1 Jul 2017 15 Sep 2017 18 Oct 2018 Credit Rating Corporate rating : A- Liquidity Free Float 39.87% Closed price : THB/share ‘ 000 shares 80 250,000.00 70 200,000.00 60 50 150,000.00 40 100,000.00 30 20 50,000.00 10 0 0.00 3 3-Jan-18 3-Feb-18 3-Mar-18 3-Apr-18 3-May-18 3-Jun-18 3-Jul-18 3-Aug-18 3-Sep-18 3-Oct-18 3-Nov-18 3-Dec-18 3-Jan-19 3-Feb-19
Shareholder Structure Mr.Somphote Ahunai Chief Executive Officer Edu ducation • MBA from University of Pittsburgh, USA • Bachelor of Engineering from Chulalongkorn University, Thailand Previous s Work ork • Analyst and Researcher in USA. • Managing Director of a Securities Brokerage company in Thailand • Managing Director of a Renewable Energy company in Thailand Mr.Amorn Sapthaweekul Deputy to CEO and Chief Finance Officer Edu ducation • Master of Science from Chulalongkorn University, Thailand • Bachelor of Business Administration Number of Total Shareholders = 17,888 (Finance and Banking) from Thammasat University, Thailand Free Float = 39.86% Previous s Work ork • Investment Banker and Financial Advisor, • Director in a Renewable Energy company 4
Our Business & Group Structure E@ “A leader in alternative energy business, by using the modern technology and environmentally friendly” 2009 2011 2015 2016 2017 2018 2019 Biodiesel EV Car & Electric Ferry Solar Power Wind Power Energy EV Charging B100 Green Diesel & Storage Glycerin PCM Renewable Power Plant 5
AGENDA Over View 1 Our Power Business 2 Our Biodiesel Business 3 Our Financial Results 4 Our Growth 5 6
Electricity Price Structure Ft Base Adder Baht/ Fuel 10 years Tariff kWh Adjustment from COD Charge Solar ind Sola Win Peak eak Time Time: -0.116 Bt./kWh Weekdays For Jan – Apr 2019 t. t. t. 8 8 Bt. 6.5 5 Bt. 3.5 5 Bt. 09.00 – 22.00 4.22 2243 Bt./kWh Lop Lopburi Nak akornsa sawan HKH KH 1 = 36 MWh 8 MWh 90 MWh Until Mar 2027 Off-Peak Time Of Time: Until Oct 2022 Until Dec 2023 Weekdays 22.00 – 09.00 Lam Lampang HKH KH 2& 2&3 3 = 90 MWh + Weekend + Holidays 90 MWh Until Jun 2027 2.35 3567 Bt./kWh Until Feb 2025 Phi hitsa sanulok Han anuman Proj ojects 90 MWh 260 MWh Until Apr 2026 7
Solar Power 278 MW 3 4 Lampang (THB 8.07 bil) Phitsanulok (THB 9.5 bil) Contracted Cap: 90 MW Contracted Cap: 90 MW Installed Cap : 128.396 MW Installed Cap : 133.92 MW Technology: Tracking system Technology: Tracking system COD : 17 Feb 2015 COD : 1 Apr 2016 Land area : 2,354 Rais (930 acres) Land area : 1,800 Rais (732 acres) Adder : 6.50 baht/kwh Adder : 6.50 baht/kwh 2 1 Nakornsawan (THB 6.7 bil) Lopburi (THB 812 mil) Contracted Cap: 90 MW Contracted Cap: 8 MW Installed Cap : 126.126 MW Installed Cap : 9.33 MW Technology: Fixed system Technology: Fixed System COD : 23 Dec 2013 COD : 17 Oct 2012 Land area: 1,858 Rais (735 acres) Land area: 315 Rais (124.5 acres) Adder : 6.50 baht/kwh Adder : 8 baht/kwh 1 acre = 2.529 rais 8
Wind Power 386 MW 1 2 Hadkanghan : HKH Hanuman : HNM (East Coast Southern) (Chaiyaphum) THB 10.4 bil. THB 20 bil. Contracted Cap: 126 MW Contracted Cap: 260 MW COD : SCOD : Q1/2019 HKH 1 = 36 MW COD 3 Mar 17 Adder : 3.50 baht/kwh HKH 2 = 45 MW COD 10 Jun 17 Status: To be COD in 1Q19 HKH 3 = 45 MW COD 23 Jun 17 Project Specification : Adder : 3.50 baht/kwh Technology from Siemens Gamesa, Spain Project Specification : Technology from 103 sets of Wind Turbine Generator at 2.5 MWh each Vestas, Denmark 70 sets of Wind Turbine Hub height 163 m. Generator at 1.8 MWh each Blade length 67 m. Hub height 137 m. Cut in wind speed = 3 m/sec Blade length 51 m. Cut in wind speed = 3 m/sec 9
Output from power production Total Capacity : YOY Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec P90 (Base case) P50 (Best case) Total Capacity : QOQ In n Q4/2018 : : Full operation of 4 Solar Power Plants and 3 Wind Power Plants with the total contract capacity of 404 MWh Power pr production outp output fr from om Wind ind Power Plan lants s QoQ decreased 48.28% due to delaying of monsoon that normally occurs at the end of year (Dec) to the beginning of year (Jan), average capacity factor in Q4/2018 = 21.41% (Q4/2017 = 29.32%) and for 2018 = 26.48% Power pr production outp output fr from om Sola Solar Power er Plan lants s increased QoQ 11.03% and decreased YoY 2.59% there was more rain in this year compared to previous year. 10
AGENDA Over View 1 Our Power Business 2 Our Biodiesel Business 3 Our Financial Results 4 Our Growth 5 11
Biodiesel Production 200 150 100 50 0 2013 2014 2015 2016 2017 2018 Kabinburi Industrial Estate, Prachinburi Location Loc under BOI promotion & privileges • Biodiesel 800,000 Liters per day Plan lant • Pilot production of green diesel/PCM 1 Ton per day apacity Cap • Refined Glycerin 80 Tons per day (by product) • B100 volume 2018 = 158.36 mil.liters decreased 24.04%. • Blending of B100 to high speed diesel = 7-20% • Glycerin volume 2018 = 11.85 mil.kg. decreased 1.41% price increased 12.46% due to stronger demand Add a footer 12
Oleochemicals : Green Diesel and PCM Green Diesel and PCM : Total feed capacity 130 tons/day Total Investment of New Plant in Rayong THB 2 bil. Started pilot plant in Q2 with production capacity of GD at 1 liter/hour and PCM at 1 ton/day Phase I : Capacity = 65 tons (feed)/day is during construction, to be completed within Dec 2019 Phase II : To be completed within Dec 2020 Green Diese sel or or Bio o Hyd ydrogenated Diese sel (BHD) : Adv dvance pr prod oduct of of bi biod odiese sel While making free energy from the sun using PV solar; we can turn on and off a reverse cycle air conditioner to push and pull the BioPCM, delivering performance independent of outside air temperatures. BioPCM works as a thermal storage battery and is pre-frozen or warmed for a particularly hot or cold evening . Mat Q24 can deliver the maximum comfort and zero net running costs. Source : http://phasechange.com.au Add a footer 13
AGENDA Over View 1 Our Power Business 2 Our Biodiesel Business 3 Our Financial Results 4 Our Growth 5 14
Strong Growth in Revenue and Net Profit • Tot otal revenue for or 2018 2018 was THB 12,490.22 mil. THB Mil. including accounting gain on a business combination 14,000 (AMITA) THB 894.58 mil. 12,490 11,674 • Tot otal revenue fr from norm normal al ope operation for or 2018 2018 was THB 12,000 10,439 11,595 mil. increased 7.5% 9,212 10,000 • Net pr profi fit fr from om norm normal ope operation for or 2018 2018 was THB 4,080 mil. increased 39.6% 7,601 8,000 • Inc ncremental al ope operating revenue and and ne net pr profi fit resulted from full operation of power business, contributed 6,000 4,975 from 4 Solar Power Plants (278 MW) and 3 Wind Power 3,817 Plants (126 MW) 3,252 4,000 2,955 2,773 2,688 • Suc Successful in in po power busi business s strengthen operating EA’s 1,608 2,000 896 769 cash flow of 2018 to reach THB 7.19 bil.,which is planned to invest in new projects - 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 Q4/2017 Q4/2018 Revenu nue Net Profit fit 15
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