TTW Public Company Limited Investor Meeting / Q3’2018 Disclaimer
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Company Presentation TTW Public Company Limited Investor Meeting / Q3’2018 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 June 28, 2018 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 5 Company Overview – Current Project Project : Tap Water & Waste Project : Tap water Supply Project : Tap water Supply Water Management Service Area : West of Bangkok Service Area : North of Bangkok Service Area : Industrial Zone Developer : TTW Developer : PTW Developer : TTW Capacity : 540,000 m3/day Capacity : 488,000 m3/day Capacity : TW - 48,000 m3/day Contact Type : BOO Contact Type : BOOT : WW - 18,000 m3/day Period : 2004 – 2034 (30 yrs) Period : 1998 – 2023 (25 yrs) Contact Type : Operating Lease Period : 2009 – 2039 (30 yrs) To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 6 Company Overview - Location Bangpa-in Industrial Estate (BIE) Ayutthaya (BIE) Pathum Thani Water Treatment Plant Pathum Thani (PTW) (PTW) Amata City Industrial Estate (Chonburi, Rayong) Nakhon Krathumban Pathom (TTW) Water Treatment Plant Bangkok (Krathumban) TTW Water Treatment Samut Sakhon Plant (Banglen) (Krathumban) 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 (%) • Klongluang Utilities • Thai Union Group • Future Park Rangsit • Greensport • Pataya Food Industries • Rangsit University • ThainamthipManufacturing • Pakfood • Asian Institute of Technology • Elec & Eltek (Thailand) • Unicord • Bangkok University 16 • Hoya Lens Thailand • Better Foods etc. 19 22 etc. etc. 45 39 Total Total • Lumpini Township • Nadee Municipality (Waterworks) 174,577 Users Condominium Rangsit-Klong 1 59 321,048 Users • Mahidol University • Plum Condo Paholyothin 89 etc. etc. Industry Household Commercial Industry Household Commercial Top Users : As of Oct 2018 / Portion of Water Users : As of Dec 2017 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 Bulk 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 120 Unit : Mil.B. 100.9 100 Change Q3’18 Q3’17 80 +143.1% Amount % 60 100.9 41.5 59.4 143.1 41.5 23840 MW 20 • NN2 (Nam Ngum 2 Power Company Limited) 0 • BIC (Bangpa-in Cogeneration Company Limited) Q3'18 Q3'17 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 13 Agenda 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 mil.cu.m. TTW 160 146 Location TTW 136 139 138 138 % 118 Period 9M’2018 9M’2017 Change 120 9.3% 108 + Utilization (%) 81 77 +5.2 80 . TTW Sale Volume on 2017 vs 2016 increased by 5.4% 40 . TTW Sale Volume on 9M’2018 vs 9M’2017 increased by 9.3% 0 Year To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 16 Operating & Financial Performance PTW Sale Volume mil.cu.m. PTW 160 137 134 133 131 136 Location PTW 109 % 120 101 +8.4% Period 9M’2018 9M’2017 Change Utilization (%) 83 77 +7.8 80 . PTW Sale Volume on 2017 vs 2016 increased by 3.3% 40 . PTW Sale Volume on 9M’2018 vs 9M’2017 increased by 8.4% 0 Year To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 17 Operating & Financial Performance BIE Sale Volume mil.cu.m. BIE 10 8.27 7.73 7.73 7.67 Location BIE % 8 6.90 6.32 6.13 3.2% Period 9M’2018 9M’2017 Change 6 + Utilization (%) 49 51 -3.9 4 . BIE Sale Volume 2017 vs 2016 increased 2 by 7.9% . BIE Sale Volume on 9M’2018 vs 9M’2017 - increased by 3.2% To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 18 Operating & Financial Performance Financial Performance Q3’2018 9M’2018 2017 vs 2016 . Total Revenue Q3’2018 vs . Total Revenue 9M’2018 vs Q3’2017 increased by 2.6% 9M’2017 increased by 4.3% . Total Revenue 2017 vs 2016 increased by 4.3% . Net Profit Q3’2018 vs Q3’2017 . Net Profit 9M’2018 vs 9M’2017 . Net Profit 2017 vs 2016 increased by 7.6% increased by 9.8% increased by 9.1% Unit : Mil.Bt Total Revenue Net Profit 4,448 4,264 5,790 5,622 5,574 5,499 5,747 Total Revenue Net Profit 2,168 1,986 2,974 2,574 2,697 2,492 2,681 1,521 1,483 807 735 2013 2014 2015 2016 2017 Q3'2018 Q3'2017 9M'2018 9M'2017 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses 19 Operating & Financial Performance Historical Dividend Payment & Payout Ratio (Bt./share) EPS DPS Dividend Yield 4.88% 0.69 (@12.• 3Dividend0 baht per policy share : dividend/ as of Sep payment 14, 2018 ) 0.65 0.67 0.65 0.62 not less than 50% of net profit.