Asia Green Energy Public Company Limited Company Presentation Opportunity Day Q2/2019 1
Agenda 1. AGE Overview 2. Financial Performance 3. Business Outlook 2
Agenda 1. AGE Overview AGE Business and Process Our Business Structure Beyond Coal Supply Environmentally Friendly Process Awards of Pride 3
AGE E Ove vervie view w - AGE Business and Process • Sourcing and distributing high-quality clean coals (Bituminous) from Indonesia and Russia • Environmentally friendly logistics service provider 4
AGE E Ove vervie view w - AGE Business and Process Trading Business • Sourcing and Distributing high-quality Clean Coals (Bituminous) from Indonesia and Russia Customers Power Plant cement Industry Textile Industry Bituminous coal is a dense and solid coal, typically composed of shiny jet- Paper Industry black coal layers, and popularly used Food and Beverage Industry as substitute fuel for furnace oil in Others Industrial plants. 5
AGE E Ove vervie view w - AGE Business and Process Coal Trading Domestic Stockpile Sales Coal Coal Mining to Trucking Vessel Lighter Port Screening Customers Oversea Sales Coal to Coal Mining Vessel/Barge Customers 6
AGE E Ove vervie view w - AGE Business and Process Service Businesses 1. Port Services 2. Stockpile and Screening 3. Trucking Services 4. River Transportation Services Services Cement Agricultural crops Products Coal Others Biomass 7
AGE E Ove vervi view ew - AGE Business and Process Services Stockpile Vessel Customers Trucking Lighter Port Screening 8
AGE E Ove vervie view w - Our Business Structure 100 % 99 % 100 % 100 % 99.33% 94 % 100 % 70% 100 % 100 % 9
AGE E Ove vervi view ew - Beyond Coal Supply Coal Sourcing & Deliver Quality Services Port Stockpile Coal Screening Logistics 10
AGE E Ove vervi view ew - Environmentally Friendly Process 11
AGE E Ove vervi view ew - Awards of Pride CSR-DIW for Beginner Award CSR-DIW CSR-DIW CSR-DIW CSR-DIW for CSR-DIW CSR-DIW CSR-DIW In Supply Continuous Continuous THSI 2018 Beginner Continuous Continuous Continuous Chain Award Award Award Award Award Award Award 2013 2014 2012 2015 2016 2017 2018 Rising Star Green Thailand Green Green Sustainability Industry Coal Industry Industry Awards Awards 2018 Level 4 Level 3 Level 2 Eco Industrial Town 12
Agenda 1. AGE Overview 2. Financial Performance 3. Business Outlook 13
Financial Performance Coal Sales Quantity Coal Sales Revenue QoQ +12.0% QoQ +4.6% Tons YoY -20.2% Million Baht YoY -17.7% 1,200,000 2,500 1,000,000 960,638 1,958.7 2,000 766,164 800,000 1,611.3 1,540.7 684,363 1,500 600,000 1,000 400,000 79.5% 88.4% 96.4% 97.6% 96.8% 97.9% 500 200,000 - - Q2-18 Q1-19 Q2-19 Q2-18 Q1-19 Q2-19 Domestic Overseas Domestic Overseas 14
Financial Performance Coal Domestic Structure Q2/2019 Coal Overseas Structure Q2/2019 Direct 24% Screened Shipment 32% Size Vietnam 0.74 Million Tons 0.03 Million Tons 1,573 Million Baht 38.62 Million Baht 44% 100% Mixed Size 16
Financial Performance Revenue from Services Revenue from Services Structure Screening Services QoQ -5.5% Port & Stockpile YoY +16.9% 5% 4% Million Baht 120 110 Diesel 104 Service 21% 100 89 Center 103.75 Million Baht Trucking 80 50% + 16.2% Services 60 40 20% 20 River Transportation - Services Q2-18 Q1-19 Q2-19 19
Financial Performance Total Revenue Gross Profit & Margin 14.1% QoQ +3.9% 11.4% YoY -16.3% QoQ -15.9% 9.1% YoY +4.3% Million Baht Million Baht 2,500 250 232 2,048 195.1 187.1 2,000 200 1,715 1,650 1,500 150 1,000 100 500 50 - 0 Q2-18 Q1-19 Q2-19 Q2-18 Q1-19 Q2-19 21
Financial Performance EBITDA & Margin Net Profit & Margin 7.9% 4.9% 7.0% 4.2% Million Baht Million Baht 100 140 129.9 2.3% 119.2 80.6 4.1% 120 80 71.2 100 83.8 60 80 46.5 60 40 40 20 20 0 0 Q2-18 Q1-19 Q2-19 Q2-18 Q1-19 Q2-19 23
Financial Performance ROA ROE % Quarterly % Quarterly 6.0% 5.1% 3.0% 2.3% 2.2% 4.3% 3.2% 4.0% 2.0% 1.5% 1.0% 2.0% 0.0% 0.0% Q2-18 Q1-19 Q2-19 Q2-18 Q1-19 Q2-19 D/E EPS Baht Times 0.050 0.0417 0.0368 3 0.040 2.3 1.9 0.030 0.024 2 1.5 0.020 1 0.010 0 0.000 Q2-18 Q1-19 Q2-19 Q2-18 Q1-19 Q2-19 Remark : EPS was calculated by using the number of shares at the original par value (Baht 0.25 per share) 25
Financial Performance Total Assets Total Liabilities & Shareholders’ Equity 4,261.69 MB. 4,261.69 MB. Cash 2.5% Short-Term Loans AR 30.8% 28.3% 17.8% AP Inventories 29.9% Long-Term Loans 8.6% Others 2.9% PP&E 35.4% 39.8% Equity Others 3.9% 30 June 2019 30 June 2019 26
Agenda 1. AGE Overview 2. Financial Performance 3. Business Outlook 28
Agenda 3. Business Outlook Coal Market Port Development Plan Update Lighter project Energy Solution Business 29
Business Outlook - Coal Market New Castle le Index China a Coal Imports rts USD/Ton Million tons Thermal coal Other Coal 100 300 104.75 99.95 105.3 116.1 102.5 112.8 117.45 114.8 93.9 200 23.9 14.1 22.01 19.18 19.1 50 100 61.3 58.9 57.86 99.05 15.7 55.44 98.35 97.45 50.97 78.85 86.25 73.5 69.15 70 65.05 0 36.7 2/1/2019 2/2/2019 2/3/2019 2/4/2019 2/5/2019 2/6/2019 2/7/2019 2/8/2019 2/9/2019 Jan Feb Mar Apr May Jun July Aug Sep 0 2019 2018 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Vietnam nam Coal l Impor orts ts Coal Import 1 87 . 4 MT. (Jan. – Jul.2019) YoY 7% Million tons Coal Import 40.62 MT. (Apr.-May 2019) YoY 23% 15.00 11.73 9.37 ** Apr.-May 2018 is 33.03 MT. ** 10.00 7.18 6.57 5.13 Coal Import 29.6 MT. ( Jan .- Aug. 2019) YoY 122% 2.462.59 3.55 3.563.402.813.612.813.974.103.77 5.00 1.000.88 Coal Import 13.68 MT. ( Jan .- Jul .2019) YoY -6.17% 0.00 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Coal Export 268 MT. (Jan.-Jul. 2019) YoY 7.81% 30
Business Outlook - Port Development Plan 31
Business Outlook - Update Lighter project 32
Business Outlook – Energy Solution Business AGE and Alliances established “AT Energy Solution Co., Ltd ”; the joint venture company for Energy Solution Business in proportion for the share equity ; AGE : 45% / TRC : 45% / APTECH : 10% 33
DISCLAIMER The views expressed here contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Asia Green Energy Public Company Limited. 34
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