Qualitech Public Company Limited Opportunity Day March 13, 2020 at The Stock Exchange of Thailand 1 Opportunity day March 13, 2020
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A 2 Opportunity day March 13, 2020
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A 3 Opportunity day March 13, 2020
COMPANY DEVELOPMENT 2009 2011 2016 - The company’s common stocks Established the two subsidiaries: -Received 3 SET Awards were listed on MAI 1. QLT International Co.,Ltd. -Collective Action Coalition 1991 -Granted a license as Thailand's 2. Qualitech Myanmar Co.,Ltd. Against Corruption (CAC) first inspector of fire tube boiler Established ……. ..…... and water tube boiler …… ..… … .… ...… .… … 2007 2020 2010 2012 Registered as a public -Merger and Acquisition : Forbes Asia Best Under Forbes Asia Best Under A company limited Duwell Intertrade Co.,Ltd. A Billion : THE REGION’S Billion : THE REGION’S TOP 200 SMALL AND TOP 200 SMALL AND MIDSIZE COMPANIES MIDSIZE COMPANIES 4 Opportunity day March 13, 2020
OUR BRANCHES And subsidiaries ….. The head office is located in Rayong Province, Thailand ….…….. Ban Bueng office THAILAND MYANMAR …..…... .…. ….….. .. Bangkok office …..... Rayong - Headquarter ……….. …….... ……….. …..…... Sriracha office 5 Opportunity day March 13, 2020
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. NEW SERVICE BY SERVICE • HydroForm-Phased Array Ultrasonic • Advanced Non-Destructive Test • Conventional Non-Destructive Test Testing for Corrosion Mapping • Asset Integrity & Plant Inspection • Medium Range Ultrasonic Test (MRUT) • Inspection & Certification • In-line Inspection (ILI) • Metallurgical Testing Laboratory • Visual Inspection by Drone • Welding Solution • Tube Inspection • Tank Cleaning Opportunity day March 13, 2020 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 (MT) - Acoustic Emission Test (AE) - Ultrasonic Test (UT) - Time of Flight Diffraction Test (TOFD) - Tank Floor Scan by Magnetic Flux Leakage (MFL) - Penetrant Test (PT) - Visual Inspection by Drone - Medium Rage Ultrasonic Test (MRUT) - Electro Magnetic Acoustic Thickness Gauge (EMAT) - In-line Inspection (ILI) 7 Opportunity day March 13, 2020
NON - DESTRUCTIVE TESTING CONVENTIONAL ADVANCE In-line Inspection (ILI) Gamma Ray Medium Rage Ultrasonic Test (MRUT) Ultrasonic Test (UT) 8 Opportunity day March 13, 2020
INSPECTION AND CERTIFICATE API : American Petroleum Council of Engineers Thailand 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 9 Opportunity day March 13, 2020
INSPECTION AND CERTIFICATE NGV Tank Chemical Tank Petroleum Tank LPG Tank and System 10 Opportunity day March 13, 2020
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 11 Opportunity day March 13, 2020
MECHANICAL AND METALLURGICAL TESTING LABORATORY Guided-Bending Test Impact Test Tensile Test 12 Opportunity day March 13, 2020
CLIENTS 13 Opportunity day March 13, 2020
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A 14 Opportunity day March 13, 2020
Statement of Income - Consolidated Unit : Million Baht Unit : Million Baht % Change 2015 2016 2017 2018 2019 +/- Revenue from services 508.31 445.78 385.21 365.31 476.92 31% Cost of services 332.67 323.81 298.65 297.44 352.63 19% Gross Profit 175.64 121.97 86.56 67.87 124.29 83% EBITDA 142.66 81.51 53.55 41.14 81.89 99% Depreciation & Amortization 29.74 30.88 30.84 27.63 26.75 -3% Profit for the period 102.47 44.12 26.09 9.47 50.85 437% Owners of the Company 103.75 44.57 26.39 10.03 50.94 408% Non-controlling interests (1.28) (0.45) (0.30) (0.56) 0.09 -116% EPS (Earning per share) 1.05 0.45 0.27 0.10 0.52 420% 15 Opportunity day March 13, 2020
Financial Highlight Highlight Financial Performance Revenue from services was 476.92 million baht Unit : Million Baht increased from the previous year by 111.61 million baht or 30.55% 508.31 476.92 445.78 Gross profit was 124.29 million baht increased from the previous year by 56.42 million baht or 83.13% 385.21 365.31 Profit for the period was 50.85 million baht increased from the previous year by 41.38 million baht or 436.96% The increasing as a result of continue increasing 175.64 demand of Non-Destructive testing service from construction and fabrication sector and the Company also 124.29 121.97 102.47 86.56 had revenue from inspection service for turnaround of 67.87 refinery and petrochemical customer and staff to cope with 50.85 44.12 26.09 increasing services demand. However, the company have 9.47 to increase the reserve of employee benefit. This is in line 2015 2016 2017 2018 2019 with the new Labor Protection Act and the calculation assumptions are changed. Revenue from services Gross Profit Profit for the period 16 Opportunity day March 13, 2020
Revenue and Net Profit Unit : Million Baht 148 126 126 127 124 129 131 124 102 109 102 113 112 94 93 86 91 97 83 65 35 23 24 19 24 13 10 18 9 26 2 2 1 1 15 12 6 (3) (7) 3 Q1' Q2' Q3' Q4' Q1' Q2' Q3' Q4' Q1' Q2' Q3' Q4' Q1' Q2' Q3' Q4' Q1' Q2' Q3' Q4' 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 Revenue from service Profit for the period 17 Opportunity day March 13, 2020
ASSETS Unit : Million Baht 128.49 140.54 90.23 Cash and equivalents & Current investment 164.96 152.63 Trade and other current receivables 98.46 105.83 105.71 Unbilled services income 82.16 66.78 61.74 Inventories 93.41 67.98 43.46 60.15 6.29 PP & E 12.11 6.62 9.48 4.57 Other non current assets 208.05 167.26 194.65 182.61 189.54 42.93 39.16 18.50 15.70 13.98 18 Opportunity day March 13, 2020
LIABILITIES & EQUITY Unit : Million Baht 56.76 67.55 37.71 45.50 30.44 29.19 20.70 18.21 14.46 16.30 Current liabilities Non current liabilities Total Equity 456.50 448.28 449.91 443.97 438.50 19 Opportunity day March 13, 2020
Ratio 20 Opportunity day March 13, 2020
21 Opportunity day March 13, 2020
AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A 22 Opportunity day March 13, 2020
HIGHLIGHT PROJECTS IN 2019 Plant Inspections & Turnaround Projects: • Star Petroleum Refining Public Company Limited • Esso (Thailand) Public Company Limited • Puma Energy In-line Inspection (ILI): • Exxonmobil Exploration And Production Khorat Inc. •PTT Oil and Retail Business Public Company Limited Opportunity day March 13, 2020 23
HIGHLIGHT PROJECTS IN 2020 OBJECTIVE Routine Inspection CLIENT : Bangchak Corporation Public Company Limited Esso (Thailand) Public Company Limited Chevron (Thailand) Limited Dow Chemical Thailand Limited TIMELINE : Yearly contract 24 Opportunity day March 13, 2020
HIGHLIGHT PROJECTS IN 2020 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 25 Opportunity day March 13, 2020
HIGHLIGHT PROJECTS IN 2020 OBJECTIVE Rope access technique to provide services in high area such as Inspection services, Painting service, Mechanic services CLIENT Petrochemical Wind turbine Window glass cleaning 26 Opportunity day March 13, 2020
HIGHLIGHT PROJECTS IN 2020 OBJECTIVE Tube inspection services to identify thickness of heat exchanger tubes. CLIENT Petrochemical Power plant 27 Opportunity day March 13, 2020
HIGHLIGHT PROJECTS IN 2020 CLIENT : THAI ROTARY ENGINEERING PLC. PROJECT : Nong Fab PTTLNG Terminal TIMELINE : Q4/2020 – Q42021 28 Opportunity day March 13, 2020
HIGHLIGHT PROJECTS IN 2020 CLIENT : VISAVAKIT PATANA CORP., LTD. PROJECT : Arctic LNG Project (Fire Heater) TIMELINE : Q2/2020 – Q2/2022 29 Opportunity day March 13, 2020
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