TRC C Cor orporat ate Pr Prese sent ntation ion he 2 nd nd Quar The uarter 2018 8 Op Operat ating P Performan mance 7 7 Septe tember 201 2018 T - Transparency, Ethics & Integrity - ซื่อสัตย์ โปร่งใส ใส่ใจจริยธรรม R - Respect & Trust - เคารพกันและกัน เชื่อมั่นไว้ใจ C - Commitment - มุ่งมั่นสู่คุณภาพ ปลอดภัยทุกเวลา รักษาสิ่งแวดล้อม รับผิดชอบต่อสังคม
Disclaimers Information disclosed on this presentation includes forward looking information of TRC determined by TRC based on information available at the time, as well as information about risks and factors of uncertainty related to economic trends, intensified competition in the industry, market demand, exchange rates, applicable laws and regulations. Operating results and other information published in the future may vary due to these factors. TRC is in no way responsible for any damage incurred due to the use of information disclosed on this presentation. Further, no obligation to revise and/or publish forward-looking information on this presentation based on new information and/or future events. The information disclosed on this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for securities in TRC in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. IR Contact: Investor Relations Department Email: ir_trc@trc-con.com/ ounruen@trc-con.com Tel. +66 2022 7777-87 Ext. 3201/ 3213 Fax +66 2022 7778 2
Corporate Profile & 1H 2018 Significant Events 4 Backlog 10 Future Developments 20 Financial Highlights 27 3
Key Corporate Milestone From “Small Business” to “International Thai Multi-Million Company” Innovative Project Solutions Investor For stable recurring income Project Developer Utilizing EPC experiences and become the “ONE STOP SERVICE” for the clients EPC Contractor TRC is equipped capability of EPC and undertake large scale projects Providing Engineering, 2015 Procurement & • 1 st Transmission Pipeline Life Construction services with fewer competitors and Extension (28” Recoating higher margin Section) • Srinakarin to Romklao Road Contractor 2013 • Koh Samui Water Works • Moving to the SET Bidding with many Expansion • Navanakorn – Rangsit competitors 2016 with lower margin Gas Transmission Pipeline • LOA for EPCC Surface & 2010-2011 • Provincial Gas Processing Plant & Facilities • Gulf’s 7SPP and IPP Transmission Pipeline, from APOT Gas Pipeline 2017 Saraburi to Nakhorn • Kanlapaphruek Road 2006 Ratchasrima (JV with 2011 Extension Sinopec from China) • Songkla Transmission Pipeline • Ubon-Bio Ethanol • Improvement of 2014 Pracharuamjai Road • PTTAR-IRPC 2007 • Bangchak Mitmaitri Road • Acquisition Sahakarn Wisavakorn Co., Multiproduct Pipeline Biodiesel Plant – Phase II 2018 Ltd. as subsidiary by share swap 2005 • New Incinerator, TTM • Investment in Ratchaploen Co., Ltd. • Subcontractor for block valve • Wang Noi-Kaeng Khoi 2012 & facility station of the 5 th Cross Country 2008 • GUT Gas Pipeline Transmission Pipeline Project • Bangchak Biodiesel Plant -Phase I Gas Pipeline • EPC of Lubricants 2012 & 2015-2016 (JV with China Distribution Center& 2009 • Investment in ASEAN Potash Petroleum Pipeline installation Automated • EPC for Flow Line in Sultanate of Chaiyaphum Plc. (“APOT”) (“CPP”), China) Storage and Retrieval Oman • Listed on the MAI • Revamp Onshore Compressor Station System (AS&RS) 4 No.1 Project (Consortium with Siemens)
1 st Quarter 2018: Acquisition of 4 New Projects 1,259 MB TRC : Baht 911.2 million Subcontractor of 14 block valve & facility stations BCM Naphtha and Pygas Pipeline (2 Projects) under the Fifth Transmission Pipeline Project, Phase 1 Project Owner : PTT Public Company Limited Project Owner : SCG Chemicals Company Limited Project Contractor Sinopec International Petroleum Service Corporation, China Scope of Works : Option 1 RTC Area: Baht 74.5 million Option 2 Interconnecting Pipeline: Scope of Works : EPCC and Start-up of the 14 block Baht 80 million valve & facility stations under the Fifth Transmission Pipeline Project Phase 1 Project Value : Baht 154.50 million Project Value : Baht 755.23 million Project Period : 8 months Project Period : 33 months SKW : Baht 347.4 million The Construction of Highway Route No. 4 A. Takua Pa – A. Thai Mueang Project Owner : Bureau of road construction 1 (The Department of Highways) Scope of Works : The Construction of Highway Route No. 4 A. Takua Pa – A. Thai Mueang between Km.803+000.00 to Km.813+300.00 Project Value : Baht 347.38 million 5 Project Period : 600 days
September 2018: SKW obtained 2 New Projects from Bangkok Metropolitan Administration (1,429 MB) The construction of overpass bridge, Improvement of Samwa Road Na Ranong Intersection Scope of Works Construction of overpass bridge, Expansion of the existing road and utility system Na Ranong Intersection Project Location Na Ranong Intersection, Klong Toey, Bangkok Samwa Road, Minburi, Bangkok Contract Value Baht 1,257.08 million Baht 171.54 million Construction Period 900 days 360 days Tentative Contract Within September-October 2018 Within September 2018 Signing Date 6
May 2018: SKW obtained special class contractor from Department of Highways Rights to buy bidding Class Value of Road Bridge project (Baht) Special All All No limit Class 1 st 1-5, - <=500 Million Class special SKW’s Reputable Clients 7
TRC was elected as one of listed companies for sSET index of 2H/2018 According to the SET’s announcement on 18 Jun 2018 regarding SET Index, for the 2nd half of 2018 TRC is still in a list of sSET Index. TRC has been one of the listed companies for sSET Index calculation since 2017. 8
Content Corporate Profile & 1H 2018 Significant Events 4 Backlog 10 Future Developments 20 Financial Highlights 27 9
TRC Group Backlog (MB) 8,000 6,712 7,000 6,402 5,599 6,000 30,476 2,077 2 New 2,616 5,000 1,429 Projects from BMA 3,611 4,000 3,680 124 2,106 1,200 3,000 4,635 30 Jun 18, 2,000 3,786 4,170 3,487 2,480 2,064* 1,000 0 2014 2015 2016 2017 30-Jun-18 + 2 new projects in Sep TRC SKW * The Early Works II Project, work value of Baht 2,311 million and Preparation and Refurbishment of Existing Decline Project, remaining work value of Baht 62.13 million was cut off from backlog due to the delay in the development of APOT's projects. The Company has not yet been able to sign the EPCC contract with APOT. Therefore, the remaining work value of APOT project of Baht 226 million is included in the backlog. 10
Backlog as at 30 June 2018 Backlog by Scope of Works Processing Plant 9% Remaining Value Scope of Works No. of Projects (MB) Pipeline Pipeline System 7 1,476 System 35% Civil Work 7 2,316 Processing Plant 2 378 Civil Work 56% Total 16 4,170 Backlog by Company Remaining Value Company No. of Projects (MB) TRC 9 2,064 TRC SKW 51% 49% SKW 7 2,106 Total 16 4,170 11
Projects on Hand Period Contract Remaining 2015 2016 2017 2018 2019 2020 2021 Value (MB) Value (MB) TRC Projects: 755.23 709.91 The 5th Transmission Pipeline, Phase 1 (Subcontractor from Sinopec) 1st Transmission Pipeline Life Extension 3,237.76 504.56 RDCC Catalyst Cooler 492.00 377.56 LNTP for Turnkey Delivery of APOT Project Surface 711.36 226.07 Processing and Facilities BV4.19 PIG Launcher and Receiver Installation 229.28 123.47 BCM Naphtha and Pygas Pipeline 74.50 74.50 (Option 2 Interconnecting Pipeline) BCM Naphtha and Pygas Pipeline (Option 1 RTC Area) 80.00 36.23 Revamp LPG Transfer Pump to Domestic BRP 208.50 10.70 RGC # Sales Gas GSP6 Mixing Header 28.15 0.87 Total TRC Projects 5,816.77 2,063.87 SKW Projects: 1,257.08 1,257.08 New Project: Construction of overpass bridge, Na Ranong Intersection Improvement of Pracharuamjai Road – Mitmaitri Road 990.84 914.29 The Kanlapaphruek Road Extenstion 849.72 759.35 Highway Route No. 4 A. Takua Pa, Phang Nga Province 347.38 346.65 171.54 171.54 New Project: Expansion of existing road and utility system, Samya Road, Minburi, Bangkok 855.23 16.68 Construction, Improvement and Expansion of Waterworks, Koh Samui Other 3 projects (@ < 100 MB) 161.26 69.23 Total SKW Projects 4,633.06 3,534.83 Total TRC Group Projects 10,449.83 5,598.69 2H 2018 12
Significant Ongoing Projects Pipeline PTT’s 1 st Transmission Pipeline Life Extension (3,238 MB) by TRC Remaining 15.6% Completed 84.4% Project period: Feb 15 - Aug 19 Provincial Waterworks Authority’s Construction, Improvement and Expansion of Waterworks, Koh Samui (855 MB) by Hydrotek Sahakarn JV Remaining 1.9% Completed 98.1% Project period: Aug15 - Sep 18 PTT’s Revamp LPG Transfer Pump to Domestic BRP (209 MB) by TRC Remaining 5.1% Completed 94.9% Project period: Apr 17 - Aug 18 13
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