Energy Absolute Energy for the Future
E@ at Glance Market Capitalization (as of 14/8/19) Established Approximately THB 182.77 bil. (US$ 6 bil. In 2006 to produce palm oil Core Business Energy (Renewable and Utilities) Secondary Market Credit Rating CG Rating The Stock Exchange of Thailand since 30 Jan 2013 Corporate rating : A Excellent Mr. Somphote Ahunai Mr. Amorn Sapthaweekul Chief Executive Officer Deputy CEO and Chief Finance Officer Education Education • Master of Science (Finance) • MBA from University of Pittsburgh, USA • Bachelor of Engineering from Chulalongkorn from Chulalongkorn University, Thailand Shareholder • Bachelor of Business Administration University, Thailand Structure Previous Experience (Finance and Banking) from Thammasat • Analyst and Researcher in USA. University, Thailand • Managing Director of a Securities Brokerage Previous Experience • Investment Banker and Financial Advisor, company in Thailand • Managing Director of a Renewable Energy • Director in a Renewable Energy company company in Thailand 2
2019 2009 Electric Ferry Biodiesel & Glycerin Green Diesel & PCM Our “A leader in alternative 2011 2018 Integrated Solar Power 278 MW Electric Vehicle energy business, Business “MINE Mobility” by using the modern technology Building and environmentally friendly” Eco System 2015 2017 Wind Power 386 MW Charging Station 2016 Energy Storage Lithium-ion Battery 3
Renewable Power Business Started from a small 8-MW solar power plant then gain knowledge to develop higher technology. Solar 42% 664 278 MWh Wind 58% 386 MWh + 8MW + 90MW + 90MW + 90MW + 126MW + 260MW Lopburi Nakornsawan Lampang Phitsanulok Had Hanuman (Chaiyaphum) Kanghan (Songkla & Nakornsri tammarat) 4
Electricity Price Structure Ft Base Adder * Baht/ Fuel 10 years Tariff kWh Adjustment from COD Charge Peak Time: Solar Wind -0.116 Bt./kWh Weekdays For May – Dec 2019 8 Bt. 6.5 Bt. 3.5 Bt. 09.00 –22.00 4.2243 Bt./kWh Lopburi Nakornsawan HKH 1 = 36 MWh 90 MWh 8 MWh Off-Peak Time: Until Mar 2027 Until Oct 2022 Until Dec 2023 * After 10-year of adder period, the price structure Weekdays HKH 2&3 = 90 MWh 22.00 – 09.00 will be Base Tariff + Ft. Until Jun 2027 Lampang + Weekend + Holidays HNM 1&8 = 90MWh 90 MWh 2.3567 Bt./kWh until Jan 2029 Until Feb 2025 HNM 5&9 = 90MWh Phitsanulok until Mar 2029 90 MWh HNM 10 = 80MWh Until Apr 2026 until Apr 2029 5
Solar Power 278 MW Lampang (THB 8.07 bil) Phitsanulok (THB 9.5 bil) 3 4 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 Nakornsawan (THB 6.7 bil) 1 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 6 1 acre = 2.529 rais
Wind Power 386 MW 1 Hadkanghan : HKH 2 Hanuman : HNM (East Coast Southern) (Chaiyaphum) THB 10.4 bil. THB 20 bil. Contracted Cap: 126 MW Contracted Cap: 260 MW COD : COD : HKH 1 = 36 MW COD 3 Mar 17 HNM 1&8 = 90 MW COD 25 Jan 19 HKH 2 = 45 MW COD 10 Jun 17 HNM 5 = 48 MW COD 22 Mar 19 HKH 3 = 45 MW COD 23 Jun 17 HNM 9 = 42 MW COD 30 Mar 19 Adder : 3.50 baht/kwh HNM 10 = 80 MW COD13 Apr 19 Adder : 3.50 baht/kwh Project Specification : Technology from Vestas, Denmark Project Specification : Technology from 70 sets of Wind Turbine Generator at 1.8 MWh each Siemens Gamesa, Spain Hub height 137 m. 103 sets of Wind Turbine Generator at 2.5 MWh each Blade length 51 m. Hub height 153 m. Cut in wind speed = 3 m/sec Blade length 63 m. Cut in wind speed = 3 m/sec 7
Output from power production Total Production output : YOY Seasonal of Wind in Thailand Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec In Q2/2019 : Total power output = 336 million kWh. increased from Q2/2018 = 126 million kWh. (+40%) Total Production output : QOQ Power production output from Wind Power Plants increased 244% from Q2 last year due to • Additional output from HNM operation which started commercial operation in Q1 and Q2 this year • 11.98% higher wind speed at HKH project compare to Q2/2018 Power production output from Solar Power Plants increased 6% from Q2 last year due to stronger solar irradiation. 8
Biodiesel Production Mil.Ltr. Location Kabinburi Industrial Estate, Prachinburi under BOI promotion & privileges • Biodiesel 800,000 Liters per day Plant Capacity • Pilot production of green diesel/PCM 1 Ton per day • Refined Glycerin 80 Tons per day (by product) • B100 volume in 2Q/2019 = 100 mil.liters increased 21.51% but average price decreased 19.84% due to over supply of raw material and high competition. • Glycerin volume in 2Q/2019 = 7 mil.kg. increased 15.52% price decreased 34.75% due to high competition in export market Add a footer 9
Biodiesel Business Started from B100 and pure glycerin BioPCM works as a thermal storage battery then expand to higher value products, and is pre-frozen or warmed Green Diesel and PCM for a particularly hot or cold evening . Total feed capacity 130 tons/day PCM Total Investment of New Plant in Rayong THB 1 bil. Green Diesel & PCM Production Advance product of biodiesel CPO Green Diesel Enhancing diesel engine capacity Purification Sell to major oil refinery companies B100 B100 & Glycerin Production Sell to pharmaceuticals , Glycerin Cosmetics, Personal products 10
Energy Storage Mobile Stationary Electric Transport Electronic Devices On/Off grid Storage Batteries for plug-in electric vehicles Mobile Phones, Smart phones Storage for utilities Batteries for hybrid vehicles Laptops Used to shift energy produced Batteries for other electric vehicles (buses, Useful for integrating intermittent energy Power tools source train etc) Mobile games Provide grid stability and range of other benefits Low High Energy Requirements (kW or MW) High Technology & Market Maturity Low 11 Source : Silicon Valley Bank- Energy Storage Overview
Investment in AmitaTechnologies Inc., Taiwan THB 3.09 bil. 77.21% 69.19% 50.69% 35.20% Jan 2017 Nov 2017 Apr 2018 Nov 2018 EA subscribed new shares from EA acquired shares from Voluntary Offer shares from Subscribed newly shares general shareholders capital increase, proceed for Taiwan Emerging Market both of its proportion and capacity expansion. the unsubscribed RO 17.68 mil.shares 9.70 mil.shares 7.78 mil.shares 40.94 mil.shares @35 = NTD 618.92 mil. @35.20 = NTD 273.87 mil. @80 = NTD 775.84 mil. @28 = NTD 1,146.45 mil. (THB 685.91 mil.) (THB 301.27 mil.) (THB 844.11 mil.) (THB 1,261 mil.) Technical Support from Strategic Partners 12
Technology and knowledge transfer to build 50 GWhEnergy Storage Factory in Thailand 1 GWh Potential 50 GWh Onwards 2018-2019 2020 Phase I : EA group Phase I : Phase II : Potential partnership Start developing of Start commercial operation 1 GWh worth THB 5 bil. investment to expand the production further to meet The production in Phase I at 1 GWh will be served growing demand to power plant to stabilize the system and to electric vehicle i.e. car and ferry. 13
Energy Storage System (ESS) is the Game Changer ESS for Fuel Mix Management for Base Load & Peak Load 14
MOU signing in May 2017 and April 2018 Industrial Technology Research Institute (ITRI), EA’s 50 GWh energy storage factory is planned to set up in EEC zone with EA and Amita, Taiwan agreed to strongly supported under BOI best scheme and EEC promotion co-develop new technology of battery with high as a quick win project in New S-curve safety for EA’s new 50 GWh factory. 15
Example Of Solar System + Battery at 50 MWh MWh 200 180 160 140 120 Charge 100 to ESS 80 1 MWh 60 40 • Install Solar System at 5 MW (20% efficiency) Discharge from ESS Discharge from ESS 20 • Install battery for the total of 15 MW 0 • To serve 1 MWh for 24 hours Solar Direct From Storage This model is suitable for remote area i.e. island, mountain, rural, desert to 1 MWh serve independently. Thus it can help reduce the huge investment cost in electrical transmission line from main power plant. 16 16
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