Opportunity Day on November 24, 2017 Content Company Profile - PowerPoint PPT Presentation

Tirathai Public Company Limited Opportunity Day on November 24, 2017

Content • Company Profile • Operating Result of Q3 2017 • Outlook 2017 • Q &A 2

Company Profile 3

TIRATHAI & It’s subsidiary TIRATHAI Public company Limited Manufacturer of Distribution and Power Transformers and Repair Service 100% 100% 92.50% L.D.S. METAL WORK Co.,ltd. THAIFINS Co.,ltd. TIRATHAI E&S Co.,ltd. Manufacture for Transformer’s Distribution , installation Manufacture for Tank and fins and Tank support to maintenance service of fabricate steel , EPC Tirathai Plc.,ltd. electrical power equipment Conveyor System 80% 20% JV L.D.S - N.D.P Operation and Maintenance of Conveyor System of Hongsa Power Co. Ltd, (HPC), Laos PDR 4

Products of Tirathai Group II. I. Non-transformer Transformer • Arial Derrick Crane • • Distribution Steel Fabrication • Transformer Constructions • • Power Transformer Bulk Handling System • • Transformer Service Operation and Maintenance Conveyor Belt • Transformer Repair System 5

I. Transformer Product & Service Distribution Transformer Our Main Customers Transformer Revenue 2016 by Customer 1. Utilities (PEA,MEA,EGAT) 16% 2. Private 26% Power Transformer 2.1 Steel industry 2.2 Sugar industry 2.3 Power Plant 2.4 Energy industry 58% 2.5 International Contractors Special Transformer 2.6 Others Utilites Private Export 3. Export (ASIA+SE.ASIA) 6

II. Non Transformer Products Total Revenue 2016 • Arial Crane Device by Product Group and Digger Derick Unit 28% • Steel Fabrication 72% • Construction • EPC Conveyor Belt System Transformer Non transformer • Operating and Maintenance Service of Conveyor Belt System 7

TRT’s Key Strength • Experience management team with more than 25 years in the Transformer business • Engineering-to-Order • High Quality Products and Services • Top three of manufacturer of 300 MVA 230 kV Power Transformer in Thailand • Well recognize as a successful player in bulk handling system including a provider of Operating & Maintenance Service for power plant, mining and related industry 8

Operating Result of Q3 2017 9

Consolidated financial Statements Unit: Million Baht 2014 2015 2016 Q3 2017 (9M) Total Revenue 2,163.26 2,264.90 2,577.33 1,650.00 2,131.63 2,223.97 2,536.52 1,635.04 Revenue from Sales & Service 508.29 411.84 661.01 261.28 Gross Profit 170.24 44.87 192.89 (94.09) EBITDA ( 6.81 ) 66.59 EBIT 125.81 (154.21) Net Profit/ ( Net Loss ) attributable to ( 45.97 ) 48.64 61.22 (159.92) equity holders 2,653.19 3,024.84 3,303.62 3,048.47 Total Assets 1,478.97 1,947.70 2,176.83 2,121.63 Total Liabilities Shareholders' Equity 1,174.22 1,077.14 1,126.79 926.84 Financial Ratio 23.85% 18.52% 26.06% 15.98% Gross Profit Margin (%) Net Profit ( Loss ) Margin (%) ( 2.57% ) 2.24% 2.38% (9.69%) ( 2.05% ) 1.85% Return on Asset (%) 1.87% - ( 5.18% ) 4.10% Return on Equity (%) 5.36% - Book Value Per Share 3.81 3.50 3.66 3.01 (Par1Baht) ( 1.15 ) Earning Per Share 0.16 0.20 (0.51) Dividend Per Share 0.10 0.05 0.13 - 10

Total revenues QoQ QoQ Decreased 12% 9M TO 30.9.2017 Bt. Mil Revenues 652 750 569 168 Non-Transformer 99 34% 261 139 205 500 150 209 Transformer 559 250 66% 484 435 419 404 391 249 0 Q1' 16 Q2' 16 Q3' 16 Q4' 16 Q1' 17 Q2'17 Q3' 17 Transformer Non transformer 11

Total Revenues YoY and Q3 (9 M) Bt. Mil 2,577 2,264 2,500 667 1,809 2,000 581 1,635 499 1,500 563 1,000 1,868 1,643 1,310 1,072 500 0 2015 2016 9 M to 30/9/2016 9 M to 30/9/2017 Transformer Non transformer 12

Gross Profit Margin by products YoY and Q3 (9 M) 47% 37% 25% 24% 22% 20% 15% 12% 2015 2016 9M TO 30/9/2016 9M TO 30/9/2017 Transformer Non transformer • A lower gross profit margin of transformer group for 9 Months to 30/9/2017 compared to the same period last year, due to the impact of the postponement of using the utilities budget, caused high price competition, especially in the local market. 13

Total Gross Profit (GP) VS Net Profit Margin (NP) VS SG&A YoY and Q3 (9 Months) (Consolidated) 30% 26% 26% 25% 24% 25% 22% 21% 19% 20% 16% 15% 10% 3% 2% 5% 0% 2015 2016 9 Months to 9 Months to -5% -2% 30.9.16 30.9.17 -10% -15% -10% GP NP SG&A 14

Outlook 2017 15

Structure of Incomes by 2015 2016 Q3 2016 Q3 2017 Group Customer (9M) (9M) Million Transformer 1. Gov+Local 937 1,306 1,019 676 1,867 2,000 1,643 2.Export 650 479 232 348 1,500 1,310 1,072 3. Transformer 56 82 61 48 1,000 710 621 579 537 Service 500 Total 1,643 1,867 1,312 1,072 - Transformer 2015 2016 Q3 2016 Q3 2017 (9M) (9M) Non- 4. Steel 370 161 140 313 Transformer Non-Transformer Transformer Structure & Fabricate 73% 73% 72% 80% 66% 70% 5. Distributing 99 209 171 23 60% Digger/Arial 50% 34% truck 40% 28% 27% 27% 30% 6. Operating & 111 299 190 227 20% 10% Maintenance 0% 7. Others 41 41 36 15 2015 2016 Q3 2016 Q3 2017 (9M) (9M) Total non- 621 710 537 579 Transformer Non-Transformer transformer 16 Total 2,264 2,577 1,849 1,650

TRT Group Backlog As of 30.09.2017 Group Customer Total Delivery in Delivery in Delivery in 2017 (1) 2018 (2) 2019 (3) Backlog (1)+(2)+(3) Transformer 1. GOV+Local 1,412 623 760 29 2. Export 102 72 30 - Non- Transformer 3.Transformer - - - - Transformer 36% Service 64% Total transformer 1,514 695 790 29 Non- 4. Steel Structure 72 61 11 - Transformer & Fabricate Transformer Non-transformer 5. Distributing 71 71 - - Derrick/Arial truck 6. Operating & 704 104 300 300 Maintenance Total non- 847 236 311 300 transformer Total 2,361 931 1,101 329 17

Bids and Quotations in Process As of 31 October 2017 ** Expect to receive the above orders approximately 20-25% Customer M’ Baht 1.MEA 1,100 2.PEA 1,300 3.EGAT 1,100 4.Local 2,100 5.Export 1,320 6. Transformer Service 30 7. Distributing Derrick/Arial crane 1,460 8. Steel Structure & Fabricate 429 Total 8,839 18

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