An Analyst lyst Meeting eting 2 Q2019 2019 Results sults 14 Aug 2019 019 Ticke cker: BCPG (SET) T) j
Ag Agen enda da BCPG strategic directions Portfolio & Projects in pipelines Performance 2
Ag Agen enda da BCPG strategic directions Portfolio & Projects in pipelines Performance 3
BCPG Vision / Mission World’s Greenergy Icon Vision Evolving the world through the greener ways Create ate sus ustain inable able futur ture e for all, enabled bled by renew ewable able ener ergy gy and innov ovat ative ive Mission tech chnolog nology Spirit Innov ovative ative Inte tegr grit ity Inte ternat ationa ional By 2025, we will be a p promin minent ent renewa ewable ble energy ergy player yer in Asia ia Pacifi fic c with h Goals sus ustain inable able growth owth by ➢ Growing through smart ➢ Providing energy as a service, ➢ Creating values for the shareholders investments, leveraging the connecting consumers and as a leading integrated greenergy strengths of the Group and long communities through innovative company with operational term relationships with the business platforms. excellence and social and preferred partners. environmental responsibilities. Strategies Expandi panding ng Enhancing ncing Exte tendi nding ng Evaluatin luating 4 4
Our Core Strategies - 4Es Strategy 1 1 2 3 4 Expanding Ex nding Ex Exten endi ding ng Enhanc En ancing ing Evaluating Ev uating (Wholesale-focused) (New emerging business) (Operation / Asset Mgt.) (Asset by asset) To focus upon assets mgt., To scale up the business Towards promising adjacent To rotate from structured cost-efficiency activities, as through both organic and sectors including Digital assets to those with superior well as operational inorganic actions, which energy and Energy storage return improvement to optimize enable BCPG to fill up adder assets performance gap and grow at faster pace To Deli live ver To deli liver er To capt ptur ure To ensu sure To ensu To achi hieve sure eve ▪ Financial growth ▪ New revenue stream ▪ Business efficiency ▪ Capital gain from investment ▪ Cumulative pipeline ▪ Innovative-leading position ▪ Profitability ▪ Financial flexibilities ▪ Portfolio resilience ▪ Diversification purpose ▪ Asset optimization ▪ Portfolio rebalancing 5
Business opportunity in the region Poten ential l Exp xpansion MY LA 500 MW of solar Battery of Asia bidding set to start Good resource for on 8 Aug 2019 hydro and wind Target RE to meet power plant 20% by 2025 Center of regional Target 100 MW elec. transmission COD 2020 system by 2025 VN TW 10% p.a. Elec. +10 GW of RE by Demand Growth 2030 +27 GW of Recently announced Opportunity at Current Footprints Renewable by 2030 5.5 GW offshore (12 GW Solar) Top ranked wind Thailand: PDP 2018 - Solar Visibility on 2019 speed at Taiwan Projects rooftop, floating solar, wind, strait digital energy, biomass KR AU Japan: Biomass Development with FiT of JPY 24 per kWh +50 GW of Retirement of Coal Renewable by 2030 Plants The Philippines: Expansion of +38 GW of Gov’t strong Renewable by 2036 support on ESS existing pipeline, Off-grid Liberalized Retail Target RE share Solutions, merchant market Market from currently 8% to 30 - 35% by 2040 Indonesia: Expansions and new 6 exploration awaits
PDP 2018 reflections by Energy Minister have revealed BCPG opportunities Reflec lection tion from Energy gy Minist ister (Jul uly 2019) ▪ Renew ewab able le 20,766MW MW ▪ Pump Hydro 500MW 1. Support clean energy by raising contribution from ▪ Cogen 2,112MW renewable energy to combat global warming. ▪ Combined Cycle 13,156MW 2. “Energy for All” – promote establishment of ▪ Coal 1,740MW ▪ Import 5,857MW community power plants to widen energy access ▪ New Power Plant 8,300MW for communities. Renewable energy will be a key ▪ Energy rgy Effici ciency y - 4,000MW MW resource in P2P energy trading. 3. Deploy Energy Conservation Fund to support start-ups. -25,3 ,310MW MW 73,2 ,211MW 4. Promote Thailand as ASEAN’s power hub by 52,4 ,431MW upgrading relevant infrastructure to sell 46,0 ,090MW electricity across the region. 5. Support technology and innovation esp. energy storage. 2017 New w additi ition on Retirement tirement 2037 2018-2037 2037 2018-2037 2037 7 Source: Energy News Center and BCPG analysis
Digital Energy Products and Services Energy gy Resourc sources es Manage nagement nt AI/ML ML Energy gy Efficienc ciency y Optimizat timization on Energ rgy Tradi ding Deman and d and power r qualit lity monito itoring ring Solar ar effici iciency ncy manag agement ement Cooling ling system optimi mizat atio ion Carb rbon on services ices Buildi ding ng effici icien ency cy manag nagem emen ent Asset and O&M manag agement ement Electr ctric ic chill ller er optim imiz izat atio ion Battery ery manag agement ement Heating ting system optim imiz izat atio ion Motor or, , Pump optim imiz izat atio ion Gas turb rbine ine optim imiz izat atio ion Ene nergy gy IoT oT Electric ectric Mob obili ility ty Man anage agement ent Digital tal En Ener ergy gy Smar art t meters ters EV-charg EV charge e point t monito itori ring ng IoT gateway way Infra rastructure tructure O&M mana nagem gemen ent Data logger er Roamin ing agreemen eement Data conce centr ntrat ator or Mobile le apps IoT data API Real time e informa rmatio tion e-cir ircu cuit it breaker akers Billing ing and CRMer er 8
Energy Audit / Health Check International School with Three Buildings Mobile Network 3 G/4G IoT GW MDB 1 Building A 3 G/4G IoT GW MDB 2 Building B Internet 3 G/4G IoT GW Building C MDB 3 Energy Audit Platform By applying digital energy, through energy IoT, we can verify abnormal electricity usage detected compare to other buildings. It’s then create a linkage with energy efficiency. 9
Energy Audit / Health Check A Convenience Store By acquired a restocking frequency of cold products (such as Beverage & Dairy), integrate with maximum temperature as a constraint, room for optimization as a result. Drink chiller Temperature < 12C Energy monitoring IoT GW Smart Meter Main MDB IoT GW Smart Meter Drink chiller Mobile Network Dairy chiller Smart Meter 3 G/4G/ WiFi IoT GW Smart Meter Aircon Internet Temperature < 6C Dairy chiller Energy Audit Platform IoT LoRa GW Temp. sensor Drink chiller Temp. sensor Dairy chiller Temperature monitoring 10
Thai Digital Energy Development (TDED) 5-yea year r targe rget: t: Thai Digital Energy Development Rooftop solar: 350 MW MW: Energy efficiency: 419 MW 75% 75% 25% 25% Portfo tfolio lio mix: Thai Digital Energy Development 10% Rooftop solar 41% Renewable Energy Digital Energy Efficiency Customer Power Efficiency Energy 49% Insight & Generation Program Business Digital Platform Data Business Business Business Digital Energy Tech. Support Data Marketing Support 11
Ag Agen enda da BCPG strategic directions Portfolio & Projects in pipelines Performance 12
Business footprint Unit: contracted capacity or equity MW Wel ell-diversified diversified ren enewabl ewable e en ener ergy gy portfolio lio in As Asia a Pacif ific ic Total To 492. 92.6 6 MW W Developing 182 MW 158 MW 29 MW Technology Status In oper eration: ation: 147.9 MW* Under construction: 12.0 MW Operating 335 MW 282 MW TH In ope peratio ation: 14.7 MW Under construction: 116.5 MW Assets monetization: 19.3 MW JP In oper peratio ation: 14.4 MW Under construction: 5.6 MW PH In ope peratio ation: 157.5 MW Under construction: 24.0 MW ID 13 Remark: *Including wind power plant project of 9.0 MW Update as of 30 April 2019
Business portfolio Geothermal power plants support business portfolio’s prominent generation growth Power er Genera ratio tion Power r Generat atio ion 1,607 Unit: GWh Unit: GWh TH TH 19% JP JP 847 1% 3% PH PH ID ID 77% 274 263 231 130 2013 2014 2015 2016 2017 2018 1H19: 785 GWh (-2.4% YoY) Solar TH Solar JP Wind PH Geothermal ID Pro Form rma a Revenue e Installed lled & Equity ity MW in Portf tfolio lio Unit: MW Unit: THB mn 381 394 202 169 169 TH TH 48% ID ID 45% 94 3% 4% JP JP PH PH 2013 2014 2015 2016 2017 2018 1H19: THB 3,191 million (0.0% YoY) 14 Solar TH Solar JP Wind PH Geothermal ID
Project update in Japan Ri Risk k has bee een minimize nimized after er get et FDP DP approva oval l Const struct ruction ion pla lan up update: e: Proje ject ct Targe get COD 40 MW 40 MW DC DC Komagane 1H20 Chiba 1 1H21 Yabuki 2H21 Chiba 2 2H22 15
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