Operating Results year 2009 Asian Insulators Public Company Limited 254 Seri Thai Road, Kannayaow, Bangkok 10230 Thailand http://www.asianinsulators.com Tel. (66) 0-2517-1451 Fax. (66) 0-2517-1465 E-mail : asian@asianinsulators.com Page 1
Agenda Agenda Business Overview Consolidated Financials Business unit Insulators Engineering Engineering Logistics Vegetable Oil and Alternative Energy V t bl Oil d Alt ti E Ports and Terminals Questions and Answers Page 2
More than half of Porcelain Insulators uses in power transmission and distribution grids are our products. A progressive porcelain manufacturing plant with production flow and state ‐ of ‐ the ‐ art raw materials preparation, plant with production flow and state of the art raw materials preparation, pug mills and kilns with ISO ‐ 9001 Quality Assurance Program allows for manufacture and marketing of high quality insulators products. Product innovation and improvements is an industry leader in the design and innovation and improvements, is an industry leader in the design and production of high quality porcelain insulators. Page 3
Business Overview Business Overview AI AI Energy Business Energy Business I Insulators Business l B i AIES AIPT AIPT AI AI PPCAI PPCAI AIL AIL AIE AIE 99.84% 25.10% 92.53% 100 % 86.00% 89.88% • Sea and Land • Bio diesel • Manufacturer • • Manufacturer Engineering • Ports and Porcelain Porcelain depot contractor for Logistics refinery 500,000 Insulators for insulators for services High Voltage • Ship Tankers liters / day low, medium and Europe and p Transmission • Capacity 40 C it 40 high voltage North America lines and range 500 – • Vegetable oil million liters insulators markets. Substations 3000 tons refinery 350,000 • Capacity 3,500 • Capacity 12,000 tons Page 4 gross liters / day tons
Business Overview Business Overview Highlights AI is the leader in Porcelain Insulators manufacturer with 55% market share in Thailand. AI has 100% market share in high voltage insulators. AI h 100% k t h i hi h lt i l t AI has all Porcelain Insulators products range cover all the requirement from utilities for power transmission and distribution. AI has a progressive porcelain manufacturing plant with production flow and state-of-the-art raw materials preparation, pug mills and kilns with ISO-9001 Quality Assurance Program. AI is one of the leader in Biodiesel refinery with continuous process and AI f f vegetable oil refinery for industrials and consumers use, continuously achieves strong growth through alternative energy and vegetable oil. AI has a discipline engineering in design and construction of high voltage AI h di i li i i i d i d t ti f hi h lt transmission lines and substations. AI has a complete logistics and tanks farm to support the alternative energy and vegetable oil business and vegetable oil business. Page 5
Power Power Transmission Power Power Transmission Transmission and Distribution System Transmission and Distribution System Electrical insulators is one of the essential equipment for the electricity’s transmission and distribution systems. It can prevent the electricity leaks from the conductor to the prevent the electricity leaks from the conductor to the ground which would cause the short circuit and cause the unplanned electricity outage. Another main duty of unplanned electricity outage. Another main duty of insulators is to hold and suspend the electrical conductor in Page 6 the air.
Performance of AI (Consolidated) Performance of AI (Consolidated) 3,000 MB 2,377 2,411 2,500 2,000 1,558 1 500 1,500 1,000 865 161 500 201 168 32 210 164 108 31 0 2006 2007 2008 2009 Revenue Revenue EBIT EBIT Net Profit Net Profit Page 7
Consolidated: Debt to Equity Consolidated: Debt to Equity 1 1 (Times) 0.91 0.85 0.8 0.6 0.4 0.22 0.2 0.12 0 2006 2007 2008 2009 D bt t E it R ti (C Debt to Equity Ratio (Consolidated) lid t d) Page 8
Insulators: Performance Insulators: Performance 1,100 MB MB 1 029 1,029 968 952 900 672 700 647 500 327 235 318 219 300 150 229 216 130 34 34 100 31 (100) 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 Revenue EBIT Net Profit Page 9
Dividend Dividend 1 1 Baht per share 0.8 0.75 0.6 0.45 0.4 0.2 0.11 0 2007 2008 2009 Page 10
Insulators: Summary Insulators: Summary 2009 Highlights Lower demand of Porcelain Insulators from Utilities. Power expansion projects has been delayed, and postponed for both utilities and private sector and private sector. Outlook Outlook Increase in demand of Insulators from utilities and private sectors estimate i increase by 75% from year 2009. b 75% f 2009 Page 11
PPC Insulators & Group Group Asian Insulators PLC. Page 12
PPC Asian Insulators Company Limited PPC Asian Insulators Company Limited Location 99/9 Moo 2, Asia Highway Rd., Km. 122-123, Banmor,Promburi, Singburi 16120 Thailand Prod Capacity 3,500 tons per annum Paid-up Capital 263 million Baht Stake St k 25 10% 25.10% No. of employees 300 persons. Investment I t t Th il Thailand’s Board of Investment incentives (Zone 3), d’ B d f I t t i ti (Z 3) commencing from January . 2005 ; Privileges Corporate income tax exemption for 8 years and p p y 50% reduction for the next 5 years. Dividend gained from the business is exempted from the corporate income tax calculation within the from the corporate income tax calculation within the 8-years tax exemption period. Page 13
Page 14 Products.
AI Engineering Services Company Limited AI Engineering Services Company Limited Page 15
Engineering: Performance Engineering: Performance 1,000 MB 800 617 600 600 400 200 200 200 198 200 12 7 30 10 12 20 9 6 0 2006 2007 2008 2009 Revenue EBIT Net Profit Page 16
Engineering: Summary Engineering: Summary 2009 Highlights The Construction projects was completed on time and budget. Outlook New power transmissions and distribution expansion projects for year 2010 with the budget of 5,000 million Baht. Backlog for 260 million Baht of high voltage substations construction Backlog for 260 million Baht of high voltage substations construction. Page 17
AI Energy Company Limited AI Energy Company Limited • Vegetable Oil Vegetable Oil • Bio Diesel (B100) Page 18
Bio Diesel and Refined Palm Oil Production Process Page 19
Bio Diesel and By-Products Sales Volume Bio Diesel and By-Products Sales Volume 80,000 Liters Liters 68,574 60,000 39,152 40,000 20,000 7,447 0 2007 2008 2009 Page 20
Bio Diesel and Vegetable Oil : Performance Bio Diesel and Vegetable Oil : Performance MB 1,300 1,203 1,113 1,000 700 700 400 220 220 23 100 -23 -43 23 43 -0.56 0 56 -134 -106 (200) 2007 2008 2009 R Revenue EBIT EBIT N t P fit Net Profit Page 21
Bio Diesel: Summary Bio Diesel: Summary 2009 Highlights The demand of biodiesel (B100) was decreased due to lower demand. More demand or Refined palm oil for industrial use. Outlook The demand of biodiesel (B100) is expected to be increased due to the new Th d d f bi di l (B100) i t d t b i d d t th regulation to add 3% (from 2%) of B100 into diesel oil. Starting from March 2010. More demand of Refined palm oil for industrial use More demand of Refined palm oil for industrial use. . Page 22
AI Logistics Company Limited AI Logistics Company Limited Page 23
Logistics: Performance Logistics: Performance MB 76 74 59 60 25 10 -9 -16.2 -13 -17 -8.2 -20 -29 29 -24 24 -40 40 2006 2007 2008 2009 Revenue Revenue EBIT EBIT Net Profit Net Profit Page 24
Logistics: Summary Logistics: Summary 2009 Highlights Lower demand of ship tanker. The utilize capacity about 50% for time charter and freight charge and freight charge. Preventive maintenance as per schedule. Outlook Expecting more demand of ship tanks for year 2010 Expecting more demand of ship tanks for year 2010. Page 25
AI Ports and Terminals Company Limited AI Ports and Terminals Company Limited Page 26
Ports and Terminals: Performance Ports and Terminals: Performance MB 27 24 24 25 00 25.00 11 11 5.00 -0.6 1 0.5 -1.00 -11 2007 2008 2009 -11 -15.00 15 00 Revenue EBIT Net Profit Page 27
Ports and Terminals: Summary Ports and Terminals: Summary 2009 Highlights Ports services and sell the ice cube to fishing industry at Samut Sakorn province province. The construction of tanks farm and port at Samut Sakorn province with 10 million liters capacity of Crude Palm Oil is completed and in operation since October 2009 October 2009. The construction of tanks farm and jetty at Chumporn province with 20 million liters capacity of Crude Palm Oil is completed and in operation since October 2009 2009 Outlook Forecasting to utilized 50% capacity within mid of year 2010. Page 28
Questions and Answers Answers Contact : Khun Thanit Thareratanavibool ir@asianinsulators.com Tel.: 02-517-1451 htt http://www.asianinsulators.com // i i l t Page 29
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