Qualitech Public Company Limited Opportunity Day March 14, 2019 at The Stock Exchange of Thailand Opportunity day March 14, 2019 1
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A Opportunity day March 14, 2019 2
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A Opportunity day March 14, 2019 3
COMPANY DEVELOPMENT 2017 2008 2011 2006 Certified to Establishrd the Granted the Granted a License Occupational Health two subsidiaries: ISO 9001: 2000 Internal for testing and 1991 and Safety Quality Management 1.QLTI inspecting Liquefied Established Assessment Serves 2.Qualitech System Certificate Petroleum Gas (OHSAS 18001) …… Myanmar Co.,Ltd. (LPG) tanks ..… ..… .… … … … .… … … … 2016 2009 2007 2001 Received 3 SET Granted a License for Registered as a public - The company’s common stocks Awards company limited Professional Practice were listed on MAI Granted the No. 0031/44 (Juristic -Granted a license as Thailand's ISO 17025: 2005 Person) first inspector of fire tube boiler from the council of Quality Certificate and water tube boiler Engineers. Opportunity day March 14, 2019 4
OUR BRANCHES ….. The head office was located in Rayong Province, Thailand ….…….. Banbueng office THAILAND MYANMAR .…. Bangkok office ….….. .. …..... Rayong - Headquarter ……….. ….. ……….. Sriracha office …..…... Opportunity day March 14, 2019 5
OUR BUSINESS Qualitech Plc . operates business as an independent third party engineering services provider i.e. testing inspection and quality assessment and giving engineering advices to meet the international standards, for various organizations for the purpose of inspection or quality assessment in accordance with the international standards as inquired by clients. BY SERVICE BY INDUSTRY • Advanced Non-Destructive Test • Oil & Gas Industry • Conventional Non-Destructive Test • Power Generation Industry • Asset Integrity & Plant Inspection • Metal Manufacturer / Importer Industry • Inspection & Certification • Tank and Terminal Industry • Metallurgical Testing Laboratory • Fabrication & Construction Industrials • Welding Solution • Tank Cleaning NEW SERVICE • HydroForm-Phased Array Ultrasonic BY EQUIPMENT • Pressure Vessel • Storage Tank Testing for Corrosion Mapping • Boiler • Piping System • Medium Range Ultrasonic Test (MRUT) • Heat Exchanger • Pipeline • Intelligent Pigging Inspection Solution • Transportation Tank • Visual Inspection by Drone Opportunity day March 14, 2019 6
NON - DESTRUCTIVE TESTING Conventional Advanced - Gamma Ray - Digital Radiographic Test (DRT) - X-Ray Crawler - Computerize Radiographic Test (CRT) - X-Ray Directional - Phase Array Ultrasonic Test (PAUT) - Positive Material Identification Test - Eddy Current Array Test (ECAT) - Ultrasonic Thickness Measurement (UTM) - Heat Exchanger Tube Inspection - Magnetic Particle Test - Acoustic Emission Test (AE) - Ultrasonic Test (UT) - Time of Flight Diffraction Test (TOFD) - Tank Floor Scan - Penetrant Test - Visual Inspection by Drone 7 Opportunity day March 14, 2019
NON - DESTRUCTIVE TESTING CONVENTIONAL ADVANCE Computerize Radiographic Test (CRT) Gamma Ray Phase Array Ultrasonic Test (PAUT) Ultrasonic Test (UT) Opportunity day March 14, 2019 8
INSPECTION AND CERTIFICATE API : American Petroleum Council of Engineers Institute ASME : American Society of Department of Industrial Work By By Mechanical Engineers - Boiler and Hot oil Code Law - Transportation tank, ADR ISO : International Organization for Department of Energy Business Standardization - Bureau of Fuel Business Safety - Bureau of Natural Gas Business Safety AWS : American Welding - Bureau of Liquefied Petroleum Gas Society Business Safety Opportunity day March 14, 2019 9
INSPECTION AND CERTIFICATE NGV Chemical Tank Petroleum Tank LPG Tank and System 10 Opportunity day March 14, 2019
MECHANICAL AND METALLURGICAL TESTING LABORATORY Specimen Preparation Mechanical Test Metallurgical Analysis Corrosion Test -Band Saw Machine -Guided-Bending Test -Rockwell Hardness Test -Inter granular corrosion test -Grinding Machine -Tensile Test -Vickers Hardness Test -Pitting corrosion test -CNC Machine -Impact Test -Micro Structure Analysis -Charpy V-Notch -Macro structure Analysis Broaching Machine -Replica Test Opportunity day March 14, 2019 11
MECHANICAL AND METALLURGICAL TESTING LABORATORY Guided-Bending Test Impact Test Tensile Test Opportunity day March 14, 2019 12
CLIENTS Opportunity day March 14, 2019 13
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A Opportunity day March 14, 2019 14
Financial Highlight Statement of Income - Consolidated Unit : Million Baht Unit : Million Baht % Change 2014 2015 2016 2017 2018 +/ - Revenue from services 500.89 508.31 445.78 385.21 365.31 - 5% Cost of services 336.95 332.67 323.81 298.65 297.72 0% Gross Profit 163.94 175.64 121.97 86.56 67.59 - 22% EBITDA 136.14 142.66 81.51 53.55 41.14 - 23% Depreciation & Amortization 27.23 29.74 30.88 30.84 27.63 - 10% Profit for the period 105.06 102.47 44.12 26.09 9.47 - 64% Owners of the Company 104.90 103.75 44.57 26.39 10.03 - 62% Non-controlling interests 0.16 (1.28) (0.45) (0.30) (0.56) 87% EPS (Earning per share) 1.08 1.05 0.45 0.27 0.10 - 63% Opportunity day March 14, 2019 15
Revenue by nature of services Opportunity day March 14, 2019 16
Revenue and Net Profit Unit : Million Baht Opportunity day March 14, 2019 17
ASSETS Unit : Million Baht Cash and equivalents & Current investment Trade and other current receivables 140.54 90.23 115.84 Unbilled services income 164.96 152.63 98.46 Inventories 105.71 118.02 82.16 66.78 61.74 PP & E 67.98 43.46 60.15 6.29 78.07 Other non current assets 6.62 12.11 4.57 9.21 208.05 167.26 194.65 182.61 156.13 42.93 39.16 13.98 26.70 18.50 DEC ' 2014 DEC ' 2015 DEC ' 2016 DEC ' 2017 DEC ' 2018 Opportunity day March 14, 2019 18
LIABILITIES & EQUITY Unit : Million Baht Current liabilities Non current liabilities 67.55 37.71 45.50 30.44 68.95 Total Equity 20.70 18.21 14.46 16.30 17.05 449.91 448.28 443.97 438.50 417.97 DEC ' 2014 DEC ' 2015 DEC ' 2016 DEC ' 2017 DEC ' 2018 Opportunity day March 14, 2019 19
Opportunity day March 14, 2019 20
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A Opportunity day March 14, 2019 21
HIGHLIGHT PROJECTS IN 2018 LEARNING/GROWTH PERSPECTIVE Sphere Inspection (WPE , PTT GSP , BST) Aboveground Storage Tank Inspection (Thai Oil , Esso, IRPC,PTT GC) Pipeline Project ( PTT 5TH Transmission Pipe Line Phase 1,PTT Korat 2) Plant Inspections & Turnaround Projects Opportunity day March 14, 2019 22
HIGHLIGHT PROJECTS IN 2019 CLIENT : Aibel Thailand Ltd PROJECT : Johan P2 Project TIMELINE : 2 years (2019-2020) Opportunity day March 14, 2019 23
HIGHLIGHT PROJECTS IN 2019 OBJECTIVE Routine Inspection CLIENT : Bangchak Corporation Public Company Limited Esso (Thailand) Public Company Limited Chevron (Thailand) Limited Dow Chemical Thailand Limited TIMELINE : Yearly contract Opportunity day March 14, 2019 24
HIGHLIGHT PROJECTS IN 2019 OBJECTIVE In-line Inspection (ILI), for regular maintenance, repair, or rehabilitation reasons, as well as decommissioning PARTNERSHIP ROSEN Group CLIENT Petrochemical Refinery Pipeline Transmission owner Opportunity day March 14, 2019 25
HIGHLIGHT PROJECTS IN 2019 CLIENT Siamgas and Petrochemicals Public Company Limited. OBJECTIVE Sphere Inspection in Myanmar TIMELINE 6 months (Jan – June 2019) Opportunity day March 14, 2019 26
Q&A Opportunity day March 14, 2019 27
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