Company Presentation TTW Public Company Limited Investor Meeting / Q4’2018 & 2018 Disclaimer
Total Page:16
File Type:pdf, Size:1020Kb
Company Presentation TTW Public Company Limited Investor Meeting / Q4’2018 & 2018 Disclaimer This presentation includes some forward-looking statements relevant to future events such as plans, business strategies, expectations etc.. Thus, actual situations may differ from what is projected in this presentation due to unexpected environment which might be better or worse than anticipated. Investors or material users should be meticulous on any herein information. This presentation, which is prepared by the company, is only used for investment information. Also, the information included in this forward-looking statement may be changed by TTW Public Company Limited without notice and then the company does not take any duty to update any relevant information. To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 2 Agenda Company Overview Operating and Financial Performance Growth and Strategy Direction To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 3 Company Overview – Our Business Produces and Operates Distributes Tap water and Investment in Tap water Waste water Other business To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 4 Company Overview – Shareholder Structure MITSUI 26% CK 19.4% BEM 19.3% Free Floated 35.3% CKP PTW TWO 68% 25.31% 98%* 32% Pathum Thani Water Company Limited Thai Water Operations Company Limited CK Power Public Company Limited Produces and distributes tap water Operates tap water and waste water Power Holding company 1,200 mil.Bt. Registered Capital treatment systems 60 mil.Bt 9,240 mil.Bt. Registered Capital Registered Capital * 2% is owned by PWA As of Dec 28, 2018 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 5 Company Overview – Current Project *Max. Cap. 440,000 m3/Day *Max. Cap. 100,000 m3/Day Banglen Water Treatment Plant Krathumban Water Treatment Plant Pathum Thani Water Treatment Plant Bangpa-in Industrial Estate Developer TTW PTW TTW Project Tap water Supply Tap water Supply Tap Water & Waste Water Management Contract Type BOO BOT Rights (Operating Lease) Contract Period 2004 – 2034 (30 yrs.) 1998 – 2023 (25 yrs.) 2009 – 2039 (30 yrs.) Business Model Whole sale to PWA Whole sale to PWA Retailers Investment Scheme Production, Transmission and Distribution Production and Transmission N/A Distribution Area West Bangkok North Bangkok BIE Max. Capacity *540,000 m3/day 488,000 m3/day TW: 48,000 m3/day, WW: 18,000 m3/day To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 6 Company Overview - Location . 3 Companies Bangpa-in . 5 Locations in Water Business Industrial Estate (BIE) Ayutthaya (BIE) Pathum Thani Water Treatment Plant Pathum Thani (PTW) (PTW) TTW Plc. PTW Co.,Ltd. TWO Co.,Ltd. Amata City Industrial Estate (Chonburi, Rayong) . 1 Company in Energy Business Nakhon Krathumban Pathom (TTW) Water Treatment Plant Bangkok (Krathumban) TTW Water Treatment Samut Sakhon Plant (Banglen) (Krathumban) CK Power Plc. (Holding Company) To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 7 Company Overview – Service Area Service Area in Samut Sakhon – Nakhon Pathom Service Area in Pathum Thani - Rangsit Nakhon Chai Sri District Banglen Water Treatment Plant Pathum Thani Water Treatment Plant Phra Nakhon Sri Ayutthaya (Some Area) Max. Capacity : 440,000 m3/day Max. Capacity : 488,000 m3/day 3 3 17 km Reservoir : 30,000 m Reservoir : 7,000 m Khlong Yong Buddha Monthon District Muang ake Booster Pumping Station 11 km Distribution Station Reservoir : 36,000 m3 Sam Khok District Reservoir : 10,000 m3 3 13 km Pathum Thani Max. Distribution : 65,000 m /day Buddha Monthon Distribution Station Thammasat Distribution Station 3 District Reservoir : 22,000 m3 7 km Reservoir : 30,000 m 3 Max. Distribution : 80,000 m3/day Max. Distribution : 150,000 m /day Buddha Monthon Distribution Station Reservoir : 50,000 m3 7 km 3 Avr. Daily Volume : 244,000 m /day Krathumban Water Muang Booster Pumping Station Samphran District Treatment Plant 14 km Max. Capacity : 100,000 m3/day District khlong Luang District (Can expand the capacity to 400,000 m3/day) Rangsit Distribution Station Krathumban District Reservoir : 45,000 m3 Reservoir : 30,000 m3 8 km Max. Distribution : 170,000 m3/day 7 km Mahachai Distribution Station Reservoir : 30,000 m3 Thanyaburi District Avr. Daily Volume : 156,000 m3/day Lad Loom Kaew District Water Treatment Plant Pipe Line Muang Samut Sakhon District Lam Luk Ka District Distribution Station Booster Pumping Station To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 8 Company Overview – Portion of Water Users Samut Sakhon – Nakhon Pathom (%) Pathum Thani - Rangsit (%) • Future Park Rangsit • Klongluang Utilities • Thai Union Group • Greensport • Pataya Food Industries • Rangsit University • Asian Institute of Technology • ThainamthipManufacturing • Pakfood • Elec & Eltek (Thailand) • Unicord • NSTDA 16 • Bangkok University 18 • NEO Factory • Better Foods 22 • etc. etc. etc. 45 Serving over 500,000 Water Users or Millions of Lives 39 • Lumpini Township • Nadee Municipality (Waterworks) Condominium Rangsit-Klong 1 61 • Mahidol University • Plum Condo Paholyothin 89 • Samut Sakhon Hospital etc. • etc. Industry Household Commercial Industry Household Commercial Top Users / Portion of Water Users : As of Dec 2018 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 9 Company Overview – The Leading Position of Water Business in Thailand Capacity of Private Tap Water Companies m3/day 1,028,000 m3/day UU Universal Utilities Company Limited (Subsidiary of East 600,000 Water Group) 488,000 500,000 440,000 BW Bangpakong Water Supply CW Chachoengsao Water Supply 400,000 400,000 ET EGCOM TARA 300,000 IWR Industrial Water Resource Management REQ R.E.Q Water Service 200,000 Source : PWA 2018 Krathumban Water Treatment 100,000 86,400 Plant can expand the capacity 100,000 43,200 to 400,000 m3/day 37,200 36,000 30,000 28,000 0 TTW TTW 22ndnd PTW UU BW CW ET IWR REQ Plant To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 10 Company Overview - Water Production Procedures Chemical Dosing Raw Water Intake Banglen Rapid Mixing Clarifier Tha Chin River Filter (Nakhon Pathom Province) Rai Khing Tank Tank Chao Phraya River Pathum Thani (Pathum Thani Province) End Users Land fill Sludge Dewatering Whole Sale Provincial Waterworks Household + Industry + Commercial Authority (PWA) Water Distribution Treated Water To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 11 Company Overview - Investment in Other Business - - - 25.31% - - - - - - - - - - - - - -1,900- -MW- - - - - - - - - - - - - 238- -MW- - - - - - - - - - - - - 22- MW CK Power 56% • Southeast Asia Energy Co., Ltd. (SEAN) 37.5% • Bang Pa-In Co-Generation Co., Ltd. (65%) 100% • Bangkhenchai Co., Ltd. (BKC) • Nam Ngum 2 Power Company (NN2) 75% - Phase 1 (BIC 1) 30% • Chiangrai Solar Co., Ltd. (CRS) • Xayaburi Power Co., Ltd. (XPCL) - Phase 2 (BIC 2) 30% • Nakhon Ratchasima Solar Co., Ltd. (NRS) Source : www.ckpower.co.th To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 12 Company Overview - Investment in Other Business Profit sharing from investment in CK Power 200 Unit : Mil.B. Change 2018 2017 151.6 Amount % 150 151.6 40.2 111.4 277.1 +277.1% 100 238 MW 50 40.2 0 2018 2017 *Xayaburi Dam will be COD on October 2019 As of Dec 31, 2018 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 13 Agenda Highlights Company Overview Operating and Financial Performance Growth and Strategy Direction To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 14 Operating & Financial Performance – Portion of Revenue 30 TTW PTW TTW Group (%) 60 BIE Others 5 5 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 15 Operating & Financial Performance TTW Sale Volume Location TTW mil.cu.m. Period 2018 2017 158 160 146 Utilization (%) 80 74 136 139 138 138 8.5% mil.cu.m. 38 40 120 + 40 34 34 33 33 6.3% 80 20 + 40 0 Year 0 . TTW Sale Volume on 2018 vs 2017 increased by 8.5% 2013 2014 2015 2016 2017 2018 Year . TTW Sale Volume on Q4’2018 vs Q4’2017 increased by 6.3% To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 16 Operating & Financial Performance PTW Sale Volume Location PTW % mil.cu.m. Period 2018 2017 Change 160 146 Utilization (%) 82 76 +7.9 137 134 133 131 136 mil.cu.m. 7.5% 40 37 120 + 35 33 33 32 35 + 6.3% 80 20 40 0 0 Year . PTW Sale Volume on 2018 vs 2017 increased by 7.5% 2013 2014 2015 2016 2017 2018 Year . PTW Sale Volume on Q4’2018 vs Q4’2017 increased by 6.3% To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 17 Operating & Financial Performance BIE Sale Volume Location BIE % mil.cu.m. Period 2018 2017 Change 10 Utilization (%) 49 48 +2 8.27 8.51 7.73 7.73 7.67 mil.cu.m. 8 2.00 1.99 2.14 2.19 6.90 +2.9% 2 1.94 1.97 + 2% 6 1.5 1 4 0.5 0 2 Year 0 . BIE Sale Volume 2018 vs 2017 increased by 2.9% 2013 2014 2015 2016 2017 2018 Year . BIE Sale Volume on Q4’2018 vs Q4’2017 increased by 2% To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 18 Operating & Financial Performance Financial Performance Q4’2018 2018 vs 2017 . Total Revenue Q4’2018 vs Q4’2017 . Total Revenue 2018 vs 2017 increased by 3.5% increased by 1.1% . Net Profit 2018 vs 2017 increased by 6.7% . Net Profit Q4’2018 vs Q4’2017 .