Company Overview

Financial

Going Forward

Q&A

Agenda

2

Company Overview

ISO9001

EstablishedJuly 19,

ISO14001

KEMA

*EUROPE AWARD for Quality

*OHSAS18001*Q-MARK

*CESI

*Listed on the Stock Exchange of Thailand

*ISO17025/IEC

ISO 26000

*Green Industry level 3*CSRI Recognition

Award

*TQM #1*CSR Recognition Award

*SET Award

WORLD CLASSTQM AWARD

3

1996 2000 2001 2007 2008 2011 2012 2013 2014 2015 2016

*SET Sustainability Awards*Thailand Sustainability Investment

*Investor Relation Award*Corporate Governance Award

*ISO50001*TQM#2

Company Overview

Head office

2/2 Soi Krungthep Kritha 8(5)., Krungthep Kritha Rd., Huamark., Bankapi, Bangkok 10240Tel: (66) 0-2379-3089-92 Fax: (66) 0-2379-3097

Factory149 M. 2 Tambol

Mabyangporn,AmpurPluakdaeng , Rayong 21140

4

QTC will be a manufacturer of world class standard products and services involving electrical transformer equipment.

Vision

1. QTC are determined to meet the challenging needs of developing customers’ electrical systems under international standards.

2. QTC are firmly committed to product development, manufacturing processes and service provision to minimize environmental and social impacts.

3. QTC build business security and sustainability by considering impacts on stakeholders in every field.

Mission

5

Company Overview

SYSTEMS

DISTRI BUTION

PEOPLE

PRODUCT

We are the first company utilizing technology of

power transformer production from foreign countries in Thailand.

We design and direct our operation via computer system.

Our operations are awarded and we are eligible to receive Standard Certificate.

We have had knowledge, experiences, and expertise in operating power transformer business for 39 years.

We also have strong distribution partners and networks throughout Thailand and in other countries.

ERP System, Organization’s Business Management Planning System, Planning Operation, Production Operation, Sale Operation, Human Resource Operation, Finance, Accounting

6

Company Overview

(Distribution Transformer)

(Small Power Transformer)

(Special Transformer)

Transformers installation

Scheduled checks and maintenance

Transformers repairs and maintenance

Transformers rental

Transformers testing

Transformers and electrical system consultancy

“QTC Energy Public Co., Ltd., conducts the businesses of manufacturing and distributing custom made transformers to domestic and foreign customers and also provides various types of services

30 – 5000 KVA 5 – 30 MVA

(Services)

7

(Manufacturing and distributing)

Its function is to transform high voltage from distribution system of Metropolitan Electricity Authority or Provincial Electricity Authority to have lower voltage to meet with demands of consumers such as factories, dwellings, high buildings, etc.

Its function is to lower voltage from power source distributed along high voltage transmission line before transmitting electric current into distribution system such as wind farm ,Solar farm

Earthing Transformer is used spot grand of transformer.

Dry-Type Cast Resin is used for indoor and restriction area

Pad mounted is used for Group of customer are hospital, golf course, wind farm, export.

Company Overview

Business Operation

Company Overview

Extra High Voltage265 to 500 kV

(mostly AC some HV DC)

8

High Voltage 110 kV and up to 230 kV

72 kV

Company Overview

Customer Group

Public sector : Provincial Electricity Authority (PEA), Metropolitan Electricity

Authority (MEA), Electricity Generating Authority of Thailand (EGAT)Private sector : Project subcontractor group and industrial factoriesExport sector : Australia, Japan, Malaysia, Italy, Singapore, Spain, Mexico, etc.

9

Silicon Steal 25-35%

Copper 20-30%

Transformer Oil 10%

Tank, Accessory 10%

Agenda

10

Main Raw Materials

Company Overview

Financial

Going Forward

Q&A

Agenda

11

Financial

Revenue From Sales and Services

101.12

21.69 35.63 25.84 37.09

99.83

133.94 104.64160.02

343.59

167.32

37.56

173.16

6.05

5.106.76

5.09

2.68

Q4/14 Q1/15 Q2/15 Q3/14 Q4/15

Service Government Private Sector Export Sector

316.77

125.82

75.69%

104.59 108.10225.24

159.96 186.31120.25

171.19254.22

372.74

344.05360.77

742.21

228.56

326.1

330.59

270.46 189.58

336.54

8.57

13.6

19.16

20.0716.67

19.63

Year 2010 Year 2011 Year 2012 Year 2013 Year 2014 Year 2015

Services Government Private Sector Export Sector

Mill

ion

bah

t

61.77%

Mill

ion

bah

t

12

160.73184.59

556.52

374.32

512.91

702.02

947.73

794.54753.33

At quarter 4/15, the company’s sales were 556.52 million baht, which is 75.69% increase from last quarter due to higher products delivery to the public and private sectors.

In the year 2015, the company had revenues from sales and services of 1,218 billion baht, an increase of

61.77% from last year due to the expansion of investment in renewable energy from both public and private sectors.

1,218.63

Financial

130.65

22.7834.07

93.38

143.5534.62%

13.94%

18.23%

28.80%

25.68%

0%

10%

20%

30%

40%

0

20

40

60

80

100

120

140

160

Q4/14 Q1/15 Q2/15 Q3/14 Q4/15

Gross Profit Gross Profit Margin

142.06

208.29

264.25

211.53180.35

292.79

27.30%29.14%

27.54%26.31%

23.71%

23.82%

0%

10%

20%

30%

40%

0

50

100

150

200

250

300

350

Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

Gross Profit Gross Profit Margin

62.35%

Gross Profit

Million baht Million baht

13

At quarter 4/15, the company had the gross profit of 25.68%. It’s a decline from last quarter due to the Profit as the Percentage of Sales.

In the year 2015, the company had gross profit

margin of 23.82%, an increase of 0.11% from last year because of higher raw materials cost.

53.73%

Financial

80.39

-7.95

0.66

45.83

81.68

21.30%

-4.72%-3.15%

14.32%14.61%

-20%

-10%

0%

10%

20%

-20

0

20

40

60

80

100

Q4/14 Q1/15 Q2/15 Q3/16 Q4/15

Net Profit Net Profit Margin

43.77

84.06

118.40

74.51

55.30

118.55

8.40%

11.77%

12.34%9.27%

7.25% 9.78%

-10%

0%

10%

20%

0

30

60

90

120

150

Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

Net Profit Net Profit Margin

Net Profit

Million baht Million baht

14

At quarter 4/15 ,the company earned the net profit of 81.68 million baht that was higher from the last quarter due to higher level of sales volume.

In 2015, the net profit higher 114.38% compared to 2014 due to higher level of sales volume

114.38%78.22%

Financial

Total Asset

357.42

570.44

788.97735.84 712.78

1,068.95

0

100

200

300

400

500

600

700

800

900

1000

1100

Year10 Year11 Year12 Year13 Year14 Year15

134.65

190.41

326.06

260.42224.66

495.68

222.77

380.03

460.92 475.42 488.13

573.26

0

100

200

300

400

500

600

700

Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

Total Liabilities Total Shareholders's Equity

Million baht

Million baht Total Liabilities and Shareholders

15

Company’s important assets are accountreceivable, lands, buildings, equipment,, andinventory stocks. In 2015, the proportion pertotal assets was calculated to be 44.01%,28.87%,and 14.53% , respectively.

Most liabilities are current liabilities used in normal operation of company’s business. The important current liabilities are consisted ofshort-term loan made with banks and trade account payables calculated to be 76.64% of total debts of 2015.

0.60 0.50

0.71

0.55 0.46

0.87

-

0.20

0.40

0.60

0.80

1.00

Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

Debt to Equity Ratio

19.65%22.12%

28.01%

15.88%

11.48%

22.70%

0%

5%

10%

15%

20%

25%

30%

Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

Return of AssetReturn of Equity

Current Ratio

1.49

1.97 1.80 1.88 1.92

1.59

0

0.5

1

1.5

2

2.5

Year10 Year11 Year12 Year13 Year14 Year15

16

Financial

12.25%

18.12%17.39%

9.77%7.63%

13.51%

0%

5%

10%

15%

20%

Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

16

Dividend Payment Policy

The company has policy for payment of annual dividends of not less than fifty percent of the net profit after deduction of juristic person income taxes and allocation of reserve funds in compliance with the law. However, the company may consider dividend payments differing from the set policy, depending upon business performance, financial liquidity, economic conditions and necessity to use current capital in order to manage operations and expand the company’s business.

17

2015 2014 2013 2012 2011

Dividend/share 0.32 0.18 0.21 0.31 0.19

Dividend Yield(%) 5.51 4.39 6.62 4.06 N/a

Company Overview

Financial

Going Forward

Q&A

Agenda

18

Going Forward

19

23.77%20.13% 24.73%

9.87%16.67%

21.33%

39.33%

43.30%47.89%

60.91%55.42%

52.67%34.88%

20.13% 25.17%

27.62% 25.83%

22.00%

2.02%

2.53%2.21%

1.61% 2.08%

4.00%

0

200

400

600

800

1000

1200

1400

1600

2012 2013 2014 2015 2016 2017

Service Public Sector Private Sector Export Sector

61.62%

Million baht

1,200

947

795754

1,219

1,500

Revenue From Sales and Services

Revenue Structure and Strategy

Revenue / 2016

1,200

Public Sector

30-35%

Private Sector

40-45%

Export

15-20%

Service

15-20%

• Develop products to meet spec demanded by public sector

• Seek for some partners to increase distribution channels and/or services.• Increase products to

cover all demands of all customer groups.

• Build and promote good relationship with distributors and

major customers.

• Appoint distributors in new market.

• Enhance capability of distributors in selling and service providing.

Million Baht

20

Going Forward

Going Forward

Source: Ministry of Energy

Power Development Plan (PDP 2015)

Electric power production during 2015 - 2036

Electric power production as of December 2014 37,612 Mega Watts

New electric power production during 2015-2036 57,459 Mega Watts

Electric power production that is discharged from the system during 2015-2036

-24,736 Mega Watts

Total electric power production at the end of 2036 70,335 Mega Watts

21

Going Forward

22

Source: Ministry of Energy

Going Forward

Source: Ministry of Energy

Transmission Development Plan (PDP 2015)

1. Nine Transmission System Development Projects for Responding to Increasing Demands

2. Seven Transmission System Development Projects for Strengthening the Security of Electric System

3. Five Transmission System Renovation and Expansion

4. Nine Transmission System Projects for Supporting Connection with Power Plants

5. International Power Grid to Grid Project (Grid to Grid)

6. Smart Grid System Development Project (Smart Gird)

23

Going Forward

24

To produce 100 MV of power plant, we need to use 2 parts of the electric transformers. The 1st part is the Power Transformer which transfers electricity for approximately 110,000 kva. The 2nd part is the Distribution Transformer which generates about 200,000 kva of electricity.

Power Plant 100 MV

110,000 kva

200,000 kva

Power Transformer

Distribution Transformer

25

Bidding Period

Organization Budget Year for Each Group of

Customers

Bidding Period

Budget(million baht)

Expected success in

bidding

PEA Oct.-Sep. Jan. - Mar. 2,000 10 %

MEA Jan.-Dec. Mar. - May 1,500 10 %

Private Jan.-Dec. Jan. – Dec. 5,000 20%

Export - - -200 million

baht

Going Forward

26

Capacity 2016

At present, the company has the production capacity of 1.8 billion baht per year or about 4,000 MVA per year

Risk Factors

Raw Materials Price

Exchange Rates

Politics and Economy

Going Forward

Order Backlogs At Of January 31 ,2016 : 137.31 Million Baht

0.78

92.72

43.81

Public Sector Private Sector Export Sector

27

Going Forward

Contact us : QTC Energy PCL.

2/2 Soi Krungthep Kritha 8 (5).,

Krungthep Kritha Rd., Huamark.,

Bangkapi, Bangkok 10240

Thailand.

Tel (IR) : (66) 0-2379-3089-92 ext 241

Fax: (66) 0-2379-3099

E-mail : ir@qtc-energy.com

www.qtc-energy.com

28

29

Reference

104.59 108.10225.24 159.96 186.31 120.25

171.19254.22

372.74344.05 360.77

742.21228.56

326.10

330.59

270.46 189.58

336.54

8.57

13.60

19.16

20.07 16.67

19.63

2010 2011 2012 2013 2014 2015

Services Government Private Sector Export Sector

Million baht

1,218.63

512.91

702.02

947.73

794.54 753.33

Revenue From Sales and Services

142.06 208.29264.25

211.53180.35

292.79

27.30%29.14% 27.54%

26.31%23.71%

23.82%

0%

10%

20%

30%

40%

0

50

100

150

200

250

300

350

2010 2011 2012 2013 2014, 2015,

Gross Profit Gross Profit Margin

Million baht

Gross Profit and Gross Profit Margin

43.77

84.06

118.40

74.51

55.30

118.55

8.40%

11.77%

12.34%9.27%

7.25% 9.78%

-10%

0%

10%

20%

0

30

60

90

120

150

2010 2011 2012 2013 2014, 2015,

Net Profit Net Profit Margin

Million baht

Net Profit and Net Profit Margin

Reference

30

Q1 Q2 Q3 Q4

2011 110.16 103.22 202.43 298.65

2012 119.60 199.31 220.43 420.17

2013 159.93 173.92 164.42 305.68

2014 121.11 134.94 127.11 377.34

2015 163.39 186.87 320.01 558.92

RevenueMillion Baht

Remark : Revenue from Sale Transformer ,Sale service and Sale raw material

Reference

31

Q1 Q2 Q3 Q4

2011 5.50 0.87 19.56 58.18

2012 1.30 5.33 21.51 90.73

2013 8.53 11.34 6.05 48.16

2014 -5.71 -4.25 -16.65 80.39

2015 -7.95 0.66 45.83 143.55

Net Profit Million Baht