Business Summary August 20, 2018 Outline Company Financial Industry Outlook Company Financial Industry Outlook 2 We build foundation!! Bored Pile Diaphragm Wall Soil Barrette Improvement Pile Company Financial Industry Outlook 3 We build foundation!! Company Financial Industry Outlook 4 Bored Pile/ Barrette Pile For foundation of buildings, bridges, factories, roads, etc. 0.5 – 2.0 m. x Depth up to 100 m. Company Financial Industry Outlook 5 Diaphragm Wall For soil retaining system and permanent wall of deep basement, underpass tunnel, subway station, etc. Company Financial Industry Outlook 6 Jet Grouting For soil improvement both stability and strength : road works, airport runway, slope protection, dam, etc. Company Financial Industry Outlook 7 We Build Impression! Landmark Waterfront Samyarn Mitrtown Airport Rail Link EGAT Car park & HQ Bored Piles / Jet Bored Piles / D-Wall Bored Piles Bored Piles / Grouting Constructions The One Residence The ICONSIAM ShowDC One9Five Rama9 Bored Piles Bored Piles / Jet Grouting Bored Piles Bored Piles Company Financial Industry Outlook 8 We Build Impression! Central Westgate Siam Square One AIA - CMC Wimutti Hospital Bored Piles Bored Piles Bored Piles Bored Piles/Barrette Piles/ D-Wall Klong Suvarnabhumi TC Green I/II IKEA Westgate Le Luk Condo (A+B) Jet Grouting Bored Piles Bored Piles Bored Piles Company Financial Industry Outlook 9 We Build Impression! Starview Metro Avenue Equinox Phahol-Vibha South Interchange Bored Piles Bored Piles Bored Piles Bored Piles Circle Living Prototype BMA Building Thai National Assembly AIA - Sathorn Bored Piles Bored Piles Bored Piles Bored Piles Company Financial Industry Outlook 10 We Build Impression! AP Groups LPN Development Life Asoke-Rama9 Life Asoke Lumpini Park Rama9 L.P.N. Ville Nakorn In Bored Piles Bored Piles Bored Piles Bored Piles Aspire Erawan Life on wireless L.P.N. Beach Jomtien L.P.N. Phetkasem 98 Bored Piles Bored Piles Bored Piles Bored Piles Company Financial Industry Outlook 11 We Build Impression! Pruksa Real Estate Ananda Development Plum Condo Ph.1-2 Privacy Rama9 Buddha Port Asthon Residence 41 Bored Piles Bored Piles Bored Piles Bored Piles Tree Interchange Chapter One IDEO Q Chidlom IDEO Mobi Rama 9 Bored Piles Bored Piles Bored Piles Bored Piles Company Financial Industry Outlook 12 We Build Impression! Narai Property Major Development Parkland Charan Parkland Ratchada- Muniq SK23 Metris Ladprao Bored Piles Wongsawang Bored Piles Bored Piles Bored Piles Parkland Parkland Maestro07 Maestro19 Phetkasem56 Phetkasem-Taphra Bored Piles Bored Piles Bored Piles Bored Piles Company Financial Industry Outlook 13 Share Capital Information as of August 16 , 2018 Price (B) 6.55 52 weeks High/Low (B) 9.05/5.95 No. of shares (MS) 749.88 Market cap (MB) 4,911.67 Major shareholders 1. Sangarayakul Family (49.67%) As of Mar 19, 2018 2. Thai NVDR (5.52%) Free float (%) 43.69% As of Mar 19, 2018 First-day trade (mai) Dec 23, 2005 First-day trade (SET) Aug 06, 2015 Company Financial Industry Outlook 14 Executives Dr. Chanet Sangarayakul Mr. Bordin Sangarayakul Senior Executive Vice President President Age : 43 Age : 44 Education : Education : Doctor of Engineering (structure), Master of Science (Construction Asian Institute of Technology Engineering and Management), Master of Engineering (structure), Virginia Tech (USA) Asian Institute of Technology Bachelor of Engineering (civil), Bachelor of Engineering (civil), Chulalongkorn University Chulalongkorn University Mr. Pisun Sirisuksakulchai Mr. Somsak Viriyapipat Senior Executive Vice President Senior Executive Vice President Age : 44 Age : 59 Education : Education : Master of Art in Business Law, Chulalongkorn Bachelor of Engineering (mechanic), University King Mongkut’s Institute of Technology Master of Business Administration(MBA), North Bangkok Rockhurst University (USA) Master of Science (Construction Management), University of Wisconsin- Madison (USA) Bachelor of Engineering (civil), Chulalongkorn University Company Financial Industry Outlook 15 Performance Timeline Revenues (MB) Net Profits (MB) 1,800 Revenues Net Profits Listed in SET 350 1,600 founded 300 in 2002 Listed in mai 1,380 1,400 1,303 1,237 250 1,200 1,096 1,077 196 202 1,000 948 200 172 159 800 726 721 150 631 597 600 520 101 100 379 76 400 64 289 58 220 50 200 36 32 95 18 18 21 11 1 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Company Financial Industry Outlook 16 Outline Company Financial Industry Outlook Company Financial Industry Outlook 17 Financial Highlights : Q2/2018 Performance Leverage Revenue 237.2 MB Debt to Equity Ratio 0.30 Gross Profit 54.3 MB Gross Gearing Ratio 0.01 Net Profit 31.1 MB Net Gearing Ratio -0.37 Profitability Liquidity GPM 22.9% Current Ratio 2.57 Quick Ratio 1.71 NPM 13.1% Cash Ratio 1.38 ROA 14.5% ROE 16.2% Cash and Cash equivalent 317.0 MB Company Financial Industry Outlook 18 Revenue & Profit : Consolidated 40.0% 1,750 Q1 Q2 Q3 Q4 Year End %G.P. %N.P. 35.0% 1,500 1,380 30.0% 25.1% 24.7% 1,298 1,237 24.4% 23.4% 22.3% 25.0% 1,250 20.7% 1,077 16.0% 16.2% 20.0% 1,000 16.3% 14.2% 14.0% 12.3% 15.0% 721 750 10.0% 500 5.0% 389 379 381 394 338 339338324 329 306 0.0% 271 293278 266 256 251256 256 237 250 169 188 108 -5.0% Revenue (Million Baht) Revenue 0 -10.0% 2013 2014 2015 2016 2017 2018 Q1 266 339 329 251 256 394 Q2 338 338 381 256 169 237 Q3 389 324 256 293 108 Q4 306 379 271 278 188 Year End 1,298 1,380 1,237 1,077 721 %G.P. 20.7% 22.3% 25.1% 24.4% 23.4% 24.7% %N.P. 12.3% 14.2% 16.3% 16.0% 14.0% 16.2% Company Financial Industry Outlook 19 S&A Expense : Consolidated 250 Q1 Q2 Q3 Q4 Year End %S&A 225 15.0% 200 9.8% 175 10.0% 6.4% 6.5% 6.2% 150 5.5% 5.2% 5.0% (Million Baht) 125 100 79 0.0% 71 72 75 70 70 50 -5.0% 23 23 24 19 19 18 19 20 S&A Expense Expense S&A 18 18 18 17 17 18 18 18 18 25 13 17 16 15 16 0 -10.0% 2013 2014 2015 2016 2017 2018 Q1 13 16 18 17 16 19 Q2 17 19 18 17 18 20 Q3 19 15 18 18 18 Q4 23 23 24 18 18 Year End 71 72 79 70 70 %S&A 5.5% 5.2% 6.4% 6.5% 9.8% 6.2% Company Financial Industry Outlook 20 Net Profit : Consolidated 250 Q1 Q2 Q3 Q4 Year End %N.P. 225 25.0% 202 196 200 20.0% 16.3% 16.0% 16.2% 175 14.2% 172 14.0% 159 15.0% 12.3% 150 10.0% 125 (Million Baht)(Million 101 100 5.0% 71 75 61 61 0.0% 56 55 51 53 47 47 47 47 50 46 40 43 42 32 31 31 -5.0% Net Net Profit 26 24 25 16 5 0 -10.0% 2013 2014 2015 2016 2017 2018 Q1 26 43 61 47 56 71 Q2 46 55 61 31 16 31 Q3 47 47 32 42 5 Q4 40 51 47 53 24 Year End 159 196 202 172 101 %N.P. 12.3% 14.2% 16.3% 16.0% 14.0% 16.2% Company Financial Industry Outlook 21 Balance sheet : Consolidated 2,000 Assets Liabilities Equity D/E Ratio Current Ratio 5.00 1,750 3.64 4.00 1,500 3.03 2.72 2.81 2.57 3.00 2.08 1,250 1,164 1,266 1,090 2.00 987 1,016 1,000 924 0.58 884 1.00 911 841 791 758 750 627 0.43 0.00 0.28 0.28 0.22 0.30 500 -1.00 Amount (Million Baht) (Million Amount 361 382 253 225 249 250 166 -2.00 0 -3.00 2013 2014 2015 2016 2017 Q2,2018 Assets 987 1,266 1,164 1,016 924 1,090 Liabilities 361 382 253 225 166 249 Equity 627 884 911 791 758 841 D/E Ratio 0.58 0.43 0.28 0.28 0.22 0.30 Current Ratio 2.08 2.72 3.64 3.03 2.81 2.57 Company Financial Industry Outlook 22 Dividends vs Net Profits (company) 450 Net Profits Dividends %Dividends %Dividends 700.0% 400 (company) (policy) (actual)** 600.0% Payment Dividend per 350 Dividend* XD Record date Date Share (Baht) 500.0% 300 Interim Dividend Payment 24-27 Aug 2018 27 Aug 2018 7 Sep 2018 0.12 400.0% Annual Dividend Payment 250 300.0% 208 199 (Million Baht) (Million 184 200 181 200.0% 169 155 98% 160 72% 95% 127% 150 54% 100.0% 105% 100 78 83 75 0.0% 56 59 50 -100.0% Dividends 0 -200.0% 2012 2013 2014 2015 2016 2017 2018 Net Profits 78 155 184 208 160 59 (company) Dividends 56 83 181 199 169 75 %Dividends 40% 40% 40% 40% 40% 40% 40% (policy) %Dividends 72% 54% 98% 95% 105% 127% (actual)** *source of dividend : company net profit & retained earnings **compared with company net profit Company Financial Industry Outlook 23 Outline Company Financial Industry Outlook Company Financial Industry Outlook 24 Action Plan 2016-2017 Under Construction / pre-construction projects (only major projects) Type of works Amount Project 2016 2017 2018 2019 2020 2021 2022 2023 26 billion baht Jira - Khon Kaen Orange Line (Thailand 110 billion baht Cultural Center - Minburi) Pink Line (Khaerai – 57 billion baht Minbur) Yellow Line (Latphrao – 55 billion baht Samrong) 20 billion baht Pattaya - Maptaput Bang Pa-in - Saraburi - 85 billion baht Nakhonratchasima Bangyai - Banpong - 56 billion baht Kanchanaburi Company Financial Industry Outlook 25 Action Plan 2018 Action Plan 2016 Action Plan 2018 Action Plan 2017 44 projects with total 2,021 billion baht Remark : Ministry of Transport Company Financial Industry Outlook 26 Action Plan 2018 21 projects will be approved by the PPP Board or the Cabinet by this year with total 914 billion baht 23 projects will complete the tender or start the construction by this year with total 1,107 billion baht Remark : Ministry of Transport Company Financial Industry Outlook 27 Constructions period Related to Pylon’s works Remark : Ministry of Transport Company Financial Industry Outlook 28 Constructions period Related to Pylon’s works Remark : Ministry of Transport Company Financial Industry Outlook 29 Summary Action Plan 2018 only for projects that related to Pylon’s works Type of works Amount Project • Light Red Line (Bangsue – Huamark) and Dark Red Line (Bangsue - Hualamphong) • Purple Line (Taopoon - Ratburana) • Dark Red Line (Rangsit