TRC C Cor orporate orate Pr Presen sentatio tation nd Qtr 2013 Operat e 2 nd The rating ing Perfor ormance mance Oppo portun rtunity ity Day 11 Septem ptember ber 2013 1
Agenda Company Overview Ongoing Projects Future Developments Key Financial Highlights Q&A Session 2
Company Overview Vision To become the leading contractor of Thailand delivering projects in respect of standard and safety for both natural gas pipeline, petrochemical industry and energy fields along with its sustainable growth. Mission 1. To enhance the company’s consistent growth with the good conduct of the corporate governance practice for highly benefit of the company and its shareholders. 2. To recognize human dignity by treating all employees on fairly basis with disregard of race , class, complexion or religion. 3. To emphasize human development through rendering knowledge gain, skill and expertise trainings as well as required knowledge in concerned areas for the company’s sustainable growth. 4. To strive toward teamwork performance , passing on skill and knowledge including experience from one generation through another. 5. To emphasize design engineering works, encourage learning participation and utilize new technology in cooperation with both domestic and international alliances to develop Thai engineers’ capability to be identical with the international ones. 3 6. To reward society and community.
TRC Group Structure TRC Construction Public Company Limited (Thailand) Paid-up Capital 408.3 MB 99.99% 100% TRC Investment Limited Sahakarn Wisavakorn Co., Ltd. (Mauritius) (Thailand) Paid-up Capital USD 1 Paid-up Capital 200 MB 100% 89.97% TRC International Limited Set up in SKK Joint Venture Co., Ltd. (Thailand) (Hong Kong) Mar 2013 Paid-up Capital 1 MB Paid-up Capital HKD 10 60% 70% TRC Middle East LLC TRC Engineering LLC (Sultanate of Oman) (Sultanate of Oman) Paid-up Capital OMR 150,000 Paid-up Capital OMR 250,000 4
Key Corporate Milestone Revamp OCS#1 Nigeria Project Gulf JP Pipeline Oman Project • Moving to RR Project SET & target • Ubon Bio-Ethanol for Investment Project of 2,134 MB • TRC is equipped projects • 2011 Backlog capability of EPC • EPC for Flowline • CBG reached 4,452 MB • Undertaking and undertake of OMR 9.7 Mill Investment • Lump Sum International & Large Scale • Consortium with Project Turnkey Bangchak Large Scale • Wang Noi-Kaeng Project Siemens for OCS#1 BioDiesel Plant Project Development Khoi Cross Country Project Gas Pipeline • Listed on the MAI 2006 2005 2010 2013 EPC Contractor Contractor Project Developer Investor • Providing Engineering, Procurement • Bidding with many competitors • Utilizing EPC experiences and • For sustainable & Construction services with fewer and lower margin become the “ONE STOP growth competitors and higher margin SERVICE” for our clients 5
: : 23 A pril 201 013 6
Our Core Business Pipeline Construction for Energy Mechanical Installation and Process Plant and Petrochemical Industry Construction for Energy and Petrochemical Industry Project Development and Investment EPC Services in Overseas 7
Key Success Factors “Provide service excellence and maintain the highest level of customer satisfaction” Competent and experienced professional management team & operation personnel Continuously Strong risk growing management sustainable and solid revenue and liquidity profit stream management while creating to enables loyal and financial engaged flexibility customers Establishing strong strategic alliances and focus on high margin projects with high barriers to entry 8
Our Quality, Health, Safety and Environmental Promises 9
New HSE Achievement of TRC Middle East LLC “4 Years LTI Free of Oman Project on 17 June 2013” 10
New HSE Achievement of Sahakarn Wisavakorn 11
Our Reputable Clients 12
Good Corporate Governance Promises TRC is committed in delivering value to our shareholders. 13
Agenda Company Overview Ongoing Projects Future Developments Key Financial Highlights Q&A Session 14
TRC Revenue Growth • Ongoing Core Business • Gulf JP’s IPP Project • PTTAR-IRPC Multiproduct Project • Green ABS VI Project • GUT Gas Pipeline Project • Navanakorn-Rangsit Interconnecting Pipeline Project EPC • Ticon’s Bridge and Main Road Project • Alucon’s Warehouse & Building Project • Expansion in Oman • Petrogas Rima (extension contract) • PTTEP Oman • EPCC and O&M in oil & gas sector and petrochemical industry • Investment in CBG Long-Term Investment 15
Ongoing Core Business: Gulf JP’s IPP Pipeline Project GNS Gas Pipeline Project Owner: Gulf JP NS Co., Ltd. TRC’s Work Value: THB 1,185 million + USD 16.345 million (Approximately of THB 1,678 million) Scope of Work: EPC Package of diameter 30 inches for natural gas transmission branch pipeline installation work (19 km.) and metering and regulation station for IPP Project Work Location: Saraburi Province Work Period: Oct 11 - Jun 13 % of Completion as at 30 June 2013: 97% 16
Ongoing Core Business: PTTAR-IRPC Multiproduct Project PTTAR-IRPC Multiproduct Project Owner: IRPC Public Company Limited TRC’s Work Value: THB 728.8 million Scope of Work: EPC Package of diameter 12 inches for multiproduct pipeline installation work (30 km.) and launcher/receiving station between IRPC Tank to PTTAR Refinery Work Period: Jul 11 - Oct 13 % of Completion as at 30 June 2013 : 98% 17
Ongoing Core Business: GUT Gas Pipeline Project GUT Gas Pipeline Project Owner: Gulf JP UT Company Limited TRC’s Work Value: THB 1,547 million Scope of Work: EPC package of diameter 28 inches natural gas pipeline installation work (21 km.), two block valve and one metering station for GUT Power Plant (IPP) Work Location: Rojana Industrial Park 3, Ayutthaya Province Work Period: Aug 12 - Jul 14 % of Completion as at 30 June 2013: 15% 18
Civil Work Project: Ti-con Logistics Park Co., Ltd. Civil Work for Bridge, Main road and Drainage, TPARK Wang Noi 2 Owner: Ti-con Logistics Park Co., Ltd. SKW’s Work Value: THB 174.58 million Scope of Work: Civil works for bridge, main road and drainage Work Location: Amphur Wang Noi, Ayutthaya Work Period: 5-Month (Jun - Oct 13) % of Completion as at 30 June 2013: 5% 19
New Awarded Project: Alucon Public Company Limited Architectural Construction and Sanitary Works for New Warehouse, Building 9 Project (Sriracha) – Phase II Owner: Alucon Public Company Limited SKW’s Work Value: THB100.03 million Scope of Work: Architectural construction and sanitary works Work Location: Amphur Sriracha, Chonburi Province Work Period: Aug 13 - Feb 14 Tentative Contract Signing Date : Within Sep 13 20
New Awarded Project: Distribution Gas Pipeline Navanakorn-Rangsit Interconnecting Gas Pipeline Project Owner: PTT Public Company Limited TRC’s Work value : THB 834 million + USD 7.55 million (Approximately of THB 1,067 million) Scope of Work: EPC package of diameter 28 inches for natural gas (6.2 km.) transmission branch from KP.20 of the PTP-NS pipeline to NVRS gas pipeline network including one metering and regulation station launcher/ receiver station Work Location: Alongside Highway No.9 Work Period: Jul 13 - Apr 15 Tentative Contract Signing Date : Within Sep 13 21
Ongoing Project in Oman: Petrogas Rima (2-Year Extension Contract) Pipeline Project Owner: Petrogas Rima LLC (Total contract period is 3 years + 1 year + 1 year) TRC Middle East LLC’s Work Value: Approximately of THB 377 million (2-Year Extension Contract) Scope of Work: Engineering, Procurement and Construction of production flow lines and water injection flow lines connecting the drilling wells together Work Period: May 12 - Apr 14 Type of Contract: EPC Contract % of Completion as at 30 June 2013: 58.41% 22
Completed Project in 2013: Ethanol Processing Plant Ubon Bio Ethanol Project Owner : Ubon Bio Ethanol Co., Ltd. SKW’s Work Value: THB 2,134 million Scope of Work: Plant Out Side Battery Limit (“OSBL”) EPCC Package for Ethanol Processing Plant with a capacity of 400,000 liter per day utilizing dry and fresh cassava as raw material Work Period : Mar 11 – Jul 13 23
Ethanol Processing Plant (Cont.) 24
Agenda Company Overview Ongoing Projects Future Developments Key Financial Highlights Q&A Session 25
List of Potential Projects Approximate Estimated Project Value Project Period Project Name (Million Baht) A. Natural Gas Pipeline A.1 Provincial Gas Transmission Pipeline 9,000* 2013 - 2016 A.2 SPPs 1,500 2013 - 2016 A.4 Construction Call Off Services 2013 onwards n/a A.5 Compressor Station 6,000*- 7,000* 2013 onwards B. Processing Plant B.1 Waste to Energy 2,000 2013 - 2014 B.2 Alternative Fuel (Bio Diesel / Ethanol Plant) 2013 - 2014 1,000 B.3 CBG for NGV 70 2013 C. Infrastructure Government Project - Railway Track 1,000* 2014 - 2016 D. Oman Two Projects 700 2013 - 2016 Approximate Total 22,270 *Including Strategic Partners’ work portion 26
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