TRC C Cor orporate orate Pr Presen sentatio tation e 1 st st Qtr 2017 Oper The erating ting Per erform ormance nce 1 Jun une e 2017 T - Transparency, Ethics & Integrity - ซื่อสัตย์ โปร่ง ใส 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 Tel. +66 2022 7777-87 Ext. 3201, 3207, 3212, 3213 Fax +66 2022 7778 2
Content Company Overview 4 Ongoing Projects 13 Future Developments 23 Key Financial Highlights 27 3
Vision & Mission & Target Vision Mission Target To develop an investment in To become an excellent energy and petrochemical To acquire the National contractor in design, businesses Total Quality Class (TQC) construction of a total solution To deriver the works with in energy and infrastructure Award quality with recognition of To continually develop the industries with sustainable safety within defined timeframe investment project at least growth for customers’ highest 4 projects satisfaction To meet the target of yearly To run the business under the operating result of 20% corporate governance principle increase with a total focusing on safety, services income of Baht environment, society and 10,000 million community for stable and (consolidated financial sustainable growth statements) To operate the construction business as an EPC contractor (Engineering, Procurement and Construction) for natural gas and crude oil pipeline projects, petrochemical plants and basic infrastructure 4
We are TRC 5
TRC Group Structure TRC Construction Public Company Limited (Thailand) Paid-up Capital 734 MB 99.99% 30% 100% 100% TRC Utility Co., Ltd. Sinopec-TRC Joint Venture (Thailand ) (Thailand) Sahakarn Wisavakorn Co., Ltd. 22.45% TRC Investment Limited PPT’s Provincial Gas under establishment (Thailand) Transmission Pipeline (Mauritius ) With registered Capital 1 MB Paid-up Capital 500 MB Saraburi to Nakorn Tap Water Concession of Ratchasima Project SAO Tasit Project 49% 100% 70% Hydrotek-Sahakarn Sinopec International Joint Venture TRC International Petroleum Service (Thailand) Limited 2.67% Construction, Improvement and Corporation (Hong Kong) (China) Expansion of Waterworks, Koh Samui Branch Project 51% ASEAN Potash Chaiyaphum Hydrotek 25.12% Public Company Limited Public Company Limited (Thailand) (Thailand) Paid-up Capital 2,806 MB 6
Key Corporate Milestone From “Small Business” to “International Thai Multi - Million Company” Project Developer - Utilizing EPC experiences and become the “ONE STOP SERVICE” for the clients - TRC is equipped capability of EPC EPC Contractor and undertake large scale projects Providing Engineering, 2014 Procurement & Construction services with • Bangchak fewer competitors and Biodiesel Plant - Phase II higher margin • New Incinerator, TTM Contractor 2013 Bidding with many 2015 • Moving to the SET competitors • 1 st Transmission Pipeline Life • Navanakorn – with lower margin Extension (28” Recoating Rangsit Gas 2010-2011 Section) Transmission Pipeline • Srinakarin to Romklao Road • Gulf’s 7SPP and IPP • Provincial Gas • Koh Samui Water Works Gas Pipeline Transmission Pipeline Expansion 2006 to Nakhorn 2011 • Songkla Transmission Pipeline 2016 Ratchasrima (JV with • Ubon-Bio Ethanol • LOA for Surface & Processing Sinopec from China) 2007 • PTTAR-IRPC Plant & Facilities from ASEAN • Acquisition Sahakarn Wisavakorn Co., Multiproduct Pipeline Potash Chaiyaphum Plc. Ltd. as subsidiary by share swap 2005 • 1 st LNTP for Early Works from • Investment in Ratchaploen Co., Ltd. • Wang Noi-Kaeng 2012 APOT 2008 Khoi Cross Country • GUT Gas Pipeline • Bangchak Biodiesel Plant -Phase I 2017 Gas Pipeline 2012 & 2015-2016 • 2 nd LNTP for Early Works (JV with China 2009 • Investment in ASEAN Potash from APOT Petroleum Pipeline • EPC for Flow Line in Sultanate of Oman Chaiyaphum Plc. by TRC • Investment in new subsidiary (“CPP”) from China) • Consortium with Siemens for EPC and International Ltd. and TRC for SAO Tasit – Water Supply 7 Commissioning of the Revamp Onshore • Listed on the MAI Investment Ltd. System Project Compressor Station No.1
Our Core Business & Reputable Clients Our Core Business Our Reputable Clients Mechanical Pipeline Installation and Construction Process Plant & for Energy Construction for and Energy and Petrochemical Petrochemical Industry Industry Project Infrastructure Development Construction and Investment 8
TRC was elected as one of listed companies for SET 100 & sSET Index sSET INDEX CONSTITUENTS SET 100 For calculating the index during 1H 2017 For calculating the index during 2H 2016 9
Corporate Governance 2013 Outstanding Top Corporate Governance Outstanding Company Report Awards Performance Awards CEO Awards 2015 Outstanding Outstanding Company Investor Relations Performance Awards Awards CG Scoring Companies with Very Good CG Scoring 10
Q1 2017 CSR & News updated January 2017 : January 2017 : TRC-SKW donated relief 300 gift sets to encourage willpower of Wat materials such as drinking water, dried foods, to Phornpharuangprasit School’ s students representatives of the Bangkok Metropolitan Administration to further deliver to flood victims. March 2017 : Co-host of the March 2017 : Organized a tutoring March 2017 : IT for Kids at Ban royal funeral rite of the late course of “English for O - NET” Map Lambit School, Chon Buri King Bhumibol Adulyadej Province designed for grade 6 students of Klongkeawyingwittaya School 11
Content Company Overview 4 Ongoing Projects 13 Future Developments 23 Key Financial Highlights 27 12
TRC Group Backlog (MB) 37,490 10,000 APOT’s Surface 9,000 Processing Plant& Facilities Project* (after deduction 8,000 31,183 1 st /2 nd LNTP for Early Works) 7,000 6,402 3 new projects 5,951 obtained LOI after 355 6,000 1Q 2017 1,667 2,616 5,000 4,000 3,611 4,000 3,680 54 124 599 1,200 3,000 5,952 4,284 2,000 3,786 3,487 3347 2,480 1,000 0 2013 2014 2015 2016 31-Mar-17 31-Mar-17 + New Projects TRC SKW Oman Subsidiaries (Already obtained LOI/LOA) 13
Backlog as at 31 March 2017 Backlog by Scope of Works Remaining Value Scope of Works No. of Projects (MB) Pipeline 29% Pipeline 3 1,722 Processing Plant 41% Processing Plant 2* 2,462 Civil Works 5* 1,767 Civil Works Total 9* 5,951 30% *Project APOT consists of both civil works and processing plant Backlog by Company Remaining Value Company No. of Projects (MB) SKW TRC 4 4,284 SKW 5 1,667 TRC Total 9 5,951 14
Awarded Projects during 1Q 2017 (already included in 1Q 2017 Backlog) TRC Project Value Name of Project Client Period Type (MB) 1. 2 nd LNTP for Turnkey Delivery of APOT ASEAN Potash Chaiyaphum Public 7 months 2,310.72 Process Plant (Mar 17 – Sep 17) Project Package 2 Surface Processing and Company Limited Facilities (Long Lead Equipment for Processing Plant) 2. The Natural Gas Transmission Pipeline The Land Transport Association of Thailand 353 days 58.14 Pipeline (Jan 17 - Dec17) connecting line to Nam Phong's NGV Station (Nam Phong) 2,368.86 SKW Project Value Name of Project Client Period Type (MB) 1. Extension Kalapapruek Road - Department of Rural Roads 900 days 850.00 Civil Work - Metropolitan Waterworks Authority (Mar 17 - - Metropolitan Electricity Authority Aug 19) 2. Earthworks and Gabion Wall Amata Natural Gas Distribution Co., Ltd. 7 months 8.19 Civil Work (Mar 17 – Sep 17) 858.19 15
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