TRC Construction Public Company Limited Opportunity Day 1 April 2020 1
Content 1 Company overview 2 New Projects & Backlog 3 Bidding Projects 4 Financial Highlights 2
Key Milestone 2013 2020 : Smart IoT 2005 2017 : Utilities Ecosystem - Registered as a public - Received 3 mai Awards Established TRC Utility Co.,Ltd. company limited - Move to The Stock (subsidiary) Established Exchange of Thailand - Listed on the Market for Alternative Investment Olive Technology Co.,Ltd. Investment in SH Crossing Co.,Ltd. (JV) CG “Excellent” 3 consecutive years 2007 : EPC Contractor 2015 2019 : Utilities Acquisition Investment in Sahakarn Wisavakorn Co.,Ltd. AT Energy Solution Co.,Ltd. (subsidiary) 1998 : Contractor Established TRC Construction Co.,Ltd. Received 2 SET Awards 3
TRC VISION “A Pioneer Organization who delivers innovative project solution in the region” (CLMVT) “ มุ่งมั่นที่จะสร้างสรรค์นวัตกรรมและตอบสนองความต้องการที่ดีที่สุดให้กับลูกค้าทั้งในประเทศและ ภูมิภาคเอเชียตะวันออกเฉียงใต้ (CLMVT)” TRC MISSION We will deliver sustainable returns through We will conduct business with good good governance. corporate responsibility. สร ้างผลตอบแทนที่น่าพึงพอใจอย่างยั่งยืนและบริหาร เราจะบริหารจัดการธุรกิจ ด ้ วยความรับผิดชอบต่อ งานอย่างโปร่งใส สังคม ชุมชน และสิ่งแวดล ้ อม We will deliver excellent service with high We will create best working environment and quality , environmental and safety become the best Operational – excellence awareness to ensure our clients’ success. organization. ส่งมอบบริการที่มีคุณภาพ ตรงตามเวลา มีความ เราจะสร ้างเสริมบรรยากาศการทํางานให ้ ดีที่สุดและเป็น ปลอดภัย และนํามาซึ่งความสําเร็จของธุรกิจลูกค ้ า องค์กรที่มีการปฏิบัติการที่มุ่งสู่ความเป็นเลิศ 4
COREVALUEs ◄ Be Innovative ◄ E ne r ge tic ◄ T ar ge t- or ie nte d ◄ Re spe c t & T r ust ◄ Commitme nt 5
TRC BUSINESS Real-time Tracking Safety Report Monitoring Alert Performance Management Monitoring Utilities & Smart IoT Construction Investment Ecosystem 6
TRC Group & Affiliates Smart IoT Ecosystem Utilities & Investment A fully integrated solution provider for Smart Construction IoT Ecosystem. Olive Technology Co.,Ltd is a joint-venture company between TRC and A Specialist contractor in underground work such as Xsense Information Service. HDD and pipe-jacking. SH Crossings Co., Ltd. is a joint venture between SKW and Langfang Huayuan. New subsidiary in 2020 New Joint Venture in November 2017 AT Energy Solution Co., Ltd. is provides turnkey basis in various energy services Founded in 1954, Sahakarn Wisavakorn Co., Ltd. solution for industrial customers. AT Energy is leading Civil Engineering and Special rank is a joint-venture company between TRC registered contractor with many Thai Government and Asia Green Energy (AGE) Agencies. New Associate in August 2019 In 1991, ASEAN Potash Mining Co., Ltd TRC Utilities Co., Ltd was established with the ASEAN member. The Project had been carried Supply municipality water with capacity 3,300 Q 3 /day in Tasit out in forms of ore-investigative drill, SAO, Pluak Daeng, Rayong. channel excavation, trial mining, technical and environmental studies. New subsidiary in June 2017 EPCC Turnkey Service in Oil & Gas, Petrochemical 7 Industry, Large Scale Governmental Infrastructure and Energy Sector.
Investment in Utilities & Smart IoT AT Energy Solution Co., Ltd. TRC Utilities Co., Ltd. Olive Technology Co., Ltd 2018 2019 Change - Water Requirement for IoT Project (9-Month) (12-Month) - Water Pump Station Improvement Project - Smart Tourism Project Capacity (m3) 445,700 873,741 428,041 Vietnam Thailand - To provide IoT solutions for the command center 283,518 623,718 340,200 - Steam sales Sales (m3) - Electricity sales from Solar Farm - Steam sales Sales (MB.) 5.73 13.06 7.33 Profit (loss) (MB.) - 6.59 1.89 8.48 8
Content 1 Company overview 2 New Projects & Backlog 3 Bidding Projects 4 Financial Highlights 9
Jan-Mar 2020 : TRC Group obtained The significant projects consist of 2 Projects total work value 773 MB Construction of the Medical Building for Thabo Crown Prince Hospital Project Owner: Nong Khai Province Construction of multipurpose gymnasium building Scope of Work: Construction of a ten-storey hospital building with total Owner: Thailand National Sports University area of 28,176 square meters Udon Thani Campus Contract Value: Baht 691 million Scope of Work: Construction of a three storey Project Period: 30 months multipurpose gymnasium building Contract Value: Baht 82 million Project Period: 600 days 10
Backlog Backlog by Company Backlog by Scope of Works Engineering TRC 3.07% 7% 24.59% 75. 5.41% 21.5 .52% SKW 75.41% Civil Pipeline Pipeline system Civil Works Engineering system TRC SKW Remaining Value (MB) Scope of Works No. of Projects Company No. of Projects Remaining Value (MB) Civil Work 11 6,270 TRC 3 2,044 Pipeline System 2 1,789 SKW 11 6,270 Processing Plant 1 255 Total 14 8,314 Total 14 8,314 11
Projects on Hand Project Remaining Remaining Expected year Value (MB) Work Value% Value(MB) of completion TRC Projects 1. The Fifth Transmission Pipeline Project Phase 1 (5TP1) 755.23 33.06% 249.68 2020 2. Refined glycerin plant 389.75 65.32% 254.59 2020 3. Raw Water Pipeline System Klong Luang Reservoir - Chonburi 1,833.00 83.98% 1,539.35 2021 Total TRC Projects 2,977.98 2,043.62 SKW Projects 1. Construction of overpass bridge, Na Ranong Intersection 1,524.37 88.57% 1,350.17 2021 2. Lubricants Distribution Center Project 600.00 70.48% 422.88 2020 3. The construction of Highway (Don Si Non) 558.88 77.27% 431.85 2021 4. Conversion of Overhead Line to Underground System Project, Ratchadaphisek-Asoke Route 2,205.42 95.32% 2,102.12 2022 5. Ditch improvement Vibhavadi Rangsit Road Section 1 633.01 94.32% 597.05 2021 6. Conversion of Overhead Line to Underground System Project, Rama IV Route 517.76 100.00% 517.76 2021 7. Other Project 1,997.86 848.24 2020-2021 Total SKW Projects 8,037.30 6,270.07 Total TRC Group Projects 11,015.28 8,313.69 12
Significant Ongoing Projects Water Pipeline System Klong Luang Reservoir - Chonburi 1,833 MB 16 % Owner : Eastern Water Resources Development and Management Public Company Limited Scope of Work : Construction of Water Pipeline System, length of approximately 45 kilometers and Pump Station Construction of Overpass Bridge, Manhole and Underground Duct Bank on Rama 3 Road at Na - Ranong Intersection 1,524 MB Owner : Bangkok Metropolitan Administration and Metropolitan 11 % Electricity Authority Scope of Work: Construction of overpass bridge, Manhole and Underground Duct Bank, Na Ranong Intersection. Conversion of Overhead Line to Underground System Project, Ratchadaphisek - Asoke Route 2,205 MB 5 % Owner : Metropolitan Electricity Authority Scope of Work: Conversion of Overhead Line to Underground System, road length of approximately 8.2 kilometers 13
Content 1 Company overview 2 New Projects & Backlog 3 Bidding Projects 4 Financial Highlights 14
Bidding Project Waiting bid result 14 Projects total 10,740 MB. Waiting Sign Contract Infrastructure 56 MB Piping Spool & Fabrication Works 255 MB 15
Content 1 Company overview 2 New Projects & Backlog 3 Bidding Projects 4 Financial Highlights 16
5 Years Performance + / - Change 2015 2016 2017 2018 2019 (2019-2018) Revenues (MB) 3,955 3,737 2,436 2,305 3,427 1,122 Gross Profit (MB) 637.78 750.65 510.41 -88.71 57.29 146 Net Profit (loss) (MB) 301 285 91 -2,042 -295 1,747 16.44% 20.30% 21.54% -3.90% 1.58% 5.48% Gross Profit Margin for Construction services income (% ) N/A N/A N/A -10.52% 31.39% 41.91% Gross Profit Margin Other services income (% ) Net Profit (loss) Margin (% ) 7.74% 7.78% 11.99% -88.55% -8.56% 79.99% Debt to Equity Ratio (Time(s)) 0.89 0.86 0.67 3.35 3.43 0.08 Earnings (loss) per share (Baht) 0.063 0.050 0.015 -0.331 -0.038 0.293 Par value per Share (Baht) 0.125 0.125 0.125 0.125 0.125 - No. of Shares 4,522,766,096 5,135,985,760 5,869,693,296 6,163,165,825 9,587,146,838 3,423,981,013 Market Cap. (Million Baht) 8,909.85 7,344.46 6,221.87 2,465.27 1,150.46 -1,314.81 17
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