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E@ at GlanceEstablished
In 2006 to produce palm oil
Core Business
Energy (Renewable and Utilities)
Secondary Market
The Stock Exchange of Thailand since 30 Jan 2013
Credit Rating
Corporate rating : A
CG Rating
Excellent
Market Capitalization (as of 25/03/20)
Approximately THB 124.02 bil. (US$ 3.88 bil.)
Somphote Ahunai (CEO), 43.61%
Amorn Sapthaweekul (CFO) , 3.53%
Domestic Fund, 11.35%
Foreign Juristic, 18.90%
Others, 22.62%
At 20 March 2020
Shareholder Structure
Total Board Members = 11
Independent
Directors
= 6 (55%)
Executive
Directors
= 2 (18%)
Other
Non-
Executive
= 3 (27%)
3
Highlight of Operating Performance
Q4/2019 2019
Net P
rofit
Tota
l Rev
enue
THB 4,108 mil.
increase 48% YOY
Note: Comparison of Total Revenue and Net Profit with the previous year, exclude accounting profit THB 895 mil. in Q1/2018
THB 14,955 mil.
increase 29% YOY
THB 1,750 mil.
increase 86% YOY
THB 6,082 mil.
increase 49% YOY
Dividend payment at 0.30 baht/share or Payout at 29%
from the net profit of EA (Non-BOI)
4
Renewable
Power
Energy
Storage
Electric
VehiclePalm Oil
Based
Charging
Network
(1) COD • Solar 278 MW•Wind 386 MW
(2) New Projects
(1) Amita Taiwan 400 MWh
(2) Amita Thailand 1 GWh (by 2020)
(1) MPV car : Mine(2) Ferry (3) Bus & Truck(4) Other Related
(1) B100&Glycerine(2) Bio-PCM &
Green Diesel130 Ton/day
(3) Other Related
(1) Station(2) Equipment(3) Online App
“A leader in alternative energy business, by using the modern technology and environmentally friendly”
5
Biodiesel Production
Location Kabinburi Industrial Estate, Prachinburi under BOI promotion & privileges
Plant Capacity• Biodiesel 800,000 Liters per day• Pilot production of green diesel/PCM 1 Ton per day• Refined Glycerin 80 Tons per day (by product)
• B100 volume in 2019 = 193 mil.liters increased 20% as compared to last year but the average selling
price decreased 12.3% due to oversupply and high competition in the market.
• Glycerin volume in 2019 = 14 mil.kg. increased 21% as compared to last year but the average selling
price decreased 36% due to the same situation of oversupply and high competition in export market.
134175 188
152174 158
193
25.00
28.6030.99
35.07
24.18
20.1717.69
0.00
10.00
20.00
30.00
40.00
0
100
200
300
2013 2014 2015 2016 2017 2018 2019
Sales Volume
Avg Price
Mil.liters Baht/liter
6
Palm oil Market in Thailand 2019
-
100,000
200,000
300,000
400,000
500,000
600,000
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan 19 Feb 19 Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec19
B100 Food and others Domestic Consumption Stock
Unit : Ton
Source: Department of Internal Trade, Thailand
7
Renewable Energy Production
153 171 140 162
602 62775 58 92 67
292 293
25 107 185 152
469
253 336
417 381
894
1,389
0
200
400
600
800
1000
1200
1400
Q1/19 Q2/19 Q3/19 Q4/19 FY2018 FY2019
Mil.kWh
Solar HGH HNM
Solar
42%Wind
58%664
278 MWh386 MWh
+ 90MWNakornsawan
+ 8MWLopburi
278 278 278
126 126
386
898 98
188278
404 404
664
0
200
400
600
800
2012 2013 2014 2015 2016 2017 2018 2019
MWh
+ 90MWLampang
+ 90MWPhitsanulok
+ 126MWHad Kanghan(Songkla &Nakornsritammarat)
+ 260MWHanuman(Chaiyaphum)
Total Capacity Output Production
8
Total Revenue of 2019Revenue for 2019 Period increased from Wind Power
Total Revenue increased 20%Total Operating Revenue increased 29%
2018
Biodiesel30%
Power67%
Others3% Biodiesel
26%
Power74%
Others1%
2019
850 787 921 982
3,511 3,678 2,060 1,839 3,118 3,047
7,681
10,974
50 130
64 55
360
235 -
2,963 2,773
4,118 4,109
12,490
14,955
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Q3/2018 Q4/2018 Q3/2019 Q4/2019 2018 2019
Mil.bt.
Accounting gain
Other revenue
Other Businesses
Power
Biodiesel&Glycerin
Revenue contribution from power business is increasing after completion of 260 MW wind power, Hanuman Project.
9
Gross Profit of 2019
Gross Profit Margin 2018 2019
Biodiesel Business 6% 1%
• Decreasing from B100 price 12% while COGS is no changing.• Discount from CPO price was decreased.
Power BusinessSolarWind
81%63%
82%70%
• Increasing of revenue from power business while COGS is no changing.• Resulting from revenue recognition from Hanuman wind farms gradually adding
up in 1st quarter and fully resulting to revenue recognition since 2nd quarter.
Total GPM 51% 55%1,680 1,346
2,503 2,436
5,888
8,442
42 24
(43)
67
212
51
(128) (82) (95) (126) (216) (358)
1,594 1,288
2,365 2,377
5,884
8,135
(1,000)
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Mil.bt.
Power BU.Biodiesel BU.Others BU.
Q3/18 Q4/18 Q3/19 Q4/19 2018 2019
Note: Total Revenue and Net Profit are excluded Accounting Gain, Other Income, Gain/Loss from exchange rate.
10
Total Expense & Net Profit of 2019
Solar Gross Profit Increase
• Administrative expenses: for 2019, were Baht 865 mil., increased by Baht 129 mil. From the personnel expense with new hiring of employee and executive were increased by Baht 115 mil. and also PR & Advertising expense were following to the business expansion plan.
• Financial Cost: increased by Baht 300 million. This is mainly due to long term loan from financial institutions for payment of some part of supplier credits for Hanuman wind power plants project.• FX Gain: Due to buying Forward for payment of supplier credits for Hanuman wind power plants project
YoY
5,884 8,135
(81)(865) (14)
160
(1,386)11
6,082 5,148
Gross Profit2018
Gross Profit2019
SellingExpense
AdminExpense
Share of Lossin investment
FX Gain (Loss) Financial Cost Tax Net Profit2019
Net Profit2018
(Mil.Bt)
QoQ
(Mil.Bt)
1,594
2,377
(39) (216) (2) 69
(396)0.13
1,750
942
Gross ProfitQ4/2018
Gross ProfitQ4/2019
SellingExpense
AdminExpense
Share of Lossin investment
FX Gain (Loss) Financial Cost Tax Net ProfitQ4/2019
Net ProfitQ4/2018
11
Total Liability, Equity, D/E Ratio and Net D/E Ratio
13,429
24,547 30,118 29,786
39,690 40,912 42,431 44,677 45,353
5,897
8,510
11,389 14,744
19,518 20,628 21,039 23,112 24,867 2.28
2.88
2.64
2.02 2.03 1.98 2.021.93 1.821.82
2.252.14
1.57
1.16
1.51 1.551.39 1.41
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
-
20,000
40,000
60,000
80,000
2014 2015 2016 2017 2018 Q1/2019 Q2/2019 Q3/2019 Q4/2019
THB Mil.
Liabilities Equity D/E Ratio Net D/E
12
Financial Cost and Payment Profile
Total Interest Bearing Debt
ST-Debt, 660 2%
Current portion of
Debentures, 2,999 , 7%
Current portion of LT-Debt,
1,308 , 3%
Debentures, 13,991 ,
33%
LT-Debt, 22,986 ,
55%
41,948Mil.Bt.
3,000 4,000
1,500 1,500 3,000
4,000
1,969
2,272
5,215
3,506
3,355
2,660
2,074
1,386
4,969
6,272 6,715
3,506
4,855
2,660
5,074
1,386
-
4,000
-
3,000
6,000
9,000
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Mil.Bt.Bond LT-Loan
A
Interest Rate
Short Term Debt: 1.92 – 3.55%
P/N: 2.1 – 2.17%
Long Term Debt: 3 – 3.8%
Bond: 2.22 – 3.61%
On 16th October 2019, EA issued THB 3 billion 7-year bond to ADBwith 2.744% interest and was certified by CBI to be green bond.
13
Our Target in the future
Capital Investment in 2020
Biodiesel, 3,678 , 25%
Renewable Power, 10,974 ,
74%
Others, 235 , 1%
Revenue 2019
Biodiesel17%
Renewable Power51%
EV 27%
GD & PCM4%
E-Ferry & Charging 1%
RevenueContribution
Key milestone :EV, GD & PCM, E ferry
Start commercial operation
Q2/2020
B1001%
Power3% Charging
6%
GD&PCM11%
EV Car16%
E Ferry19%
1 GWh Battery Factory
43%
R&D1%
THB
7,388 mil.
National Energy Policy Council (NEPC) Resolution approved on 19 Mar 2020
01
• PDP Plan (PDP)• Renewable Plan (AEDP) • Energy Saving Plan (EEP) • Gas Plan
Approved to revise 4 Energy Plans
02
• EV Mapping• EV Charging fix rate 2.6369 baht/kwh (22kV)
Charging Stations Promotion
03Commitee on Energy Fund Administration agreed on the price gap since 28 Feb 2020• B10 is cheaper than B7 3 baht/litre• B20 is cheaper than B10 0.5 baht/litre
Increase the price gap between B20 and B10
Use original assumptions of PDP 2018 in the purchase of renewable power plants (not community power plants).
Resulted in changing of electricity cost :
After 2024 the average electricity cost PDP2018 at 3.5799 baht/kWh
PDP2018 Rev.1 at 3.6366 บาท/kWhor increase 0.0567 baht/kWh
Draft of PDP 2018 Rev.1Maintain power generation target at 56,431 MW (Total production capacity at the end of 2037 = 77,211 MW) The distribution of the renewable power plant and the main fossils power plant will be changed.
• For AEDP, Adjust the target to purchase from renewable (new) in some types of fuels with a total target of 18,696 MW
• Increase community power plant : Biomass, Biogas (waste water), Biogas(energy plants) and Solar hybrid into the grid since 2022-2023, a total of 1,933 MW
• Increase the target of biogas electricity production (energy plants)
• Increase the target of EGAT's 69 MW small hydro power plant
• Reduce the target of solar electricity production
• Slow down of Civil State biomass power plants in southern to start generation 60 MW per year from 2022-2023
• Accelerate the purchase of electricity from wind power from the year 2034 to the year 2022
Our New Businesses
Energy Absolute PCL.
17
Energy Storage System : Core Technology for New Businesses
1 GWh
Phase I Next Phase
50 GWh
EV Charging Station
Electric
Ferry (E-Ferry)
Electric
Vehicle (EV)
Energy TradingSystem
Energy Storage System
(ESS)
18
New era of Advance Technology ESS
Energy Storage System for a small renewable power plant
Battery for E-Scooter
• Started investing in Amita Technologies Inc., Taiwan in Dec 2016 current shareholding = 74.71%
• Amita Technologies Inc. was established in March 2000 to produce lithium-ion power battery with strong material science research and long test data accumulation supported by ITRI.*
• Main Businesses
• High Power Battery for EV, E-Scooter, Power Plant
• OEM (Original Equipment Manufacturer)
• PDCA- Post Dry Cell Battery
• Turnkeys of High Technology Battery Factory for EV in Beijing
• Current production capacity and capability : 44Ah power battery cell over 400MWh per year
* ITRI, a nonprofit R&D organization of Taiwan, who played a vital role in Taiwan's economic growth, strengthen capabilities of innovation and cooperation with international partners all over the world.
19
Amita’s Products and Application
Cell Hard & Soft pack
Energy Storage System
E-Bank
Camcorder
Accessories
Model No. AMITA 20FT-ESS
Typical Capacity 0.5-1.5MW
Cycle Life 6,000 (NMC)▕ 20,000 (LTO)
Voltage 48-820V
Versatile Stationary Battery System with High Safety & Manageability for Industrial, Commercial, Power System
Lithium–titanate Battery (LTO) CellFast-charging >10CUltra Lifespan >20,000 CyclesNon-burning and Safety Features
Our EV MINE SPA1
Energy Absolute PCL.
21
Register Now
Weight
Dimension
Wheel Base
Ground Clearance
Rear Space
1,400 kg.
1,730 x 4,530 x 1,730 mm.
2,750 mm.
150 mm.
5.9 mm.
650 Liter
Turning Radius
Designed and Developed by our Thai engineerThai EV for Thai people.
22
Cost of Vehicle Ownership
(cost per year/THB) ICE Car Hybrid Car EV Car
Cost of Energy 36,429 22,992 7,278
Cost of Maintenance 4,340 4,745 1,700
Cost of Replacing Battery 1,440 4,415 11,168
Total cost per year 42,598 32,398 20,146
Source: Kasikorn Research Department
23
E-Bus Project
Battery 300 kWh
Distance per charge 220 km/charge
E-Bus Project in ThailandAmita’s turnkey E-Bus Project
in Taiwan
24
EV Factory
Free Zone
Free Zone
• 75 Rai @Banpho District• Free Zone Register• Factory 28,800 SqM.• THB 200+ mil. construction >> Cars, Trucks, Buses, Battery Pack
Overall - Front
FGs Yard - Back
Factory - Front
Overall - Back
25
MOU ขบัเคล่ือนตลาดรถไฟฟ้า
‘MINE mobility’ และ EA Anywhere ลงนามบันทึกข้อตกลงความร่วมมือกับบริษัท มนิยม ตัวแทนจ าหน่ายรถยนต์ช้ันน าของประเทศลาว เพื่อร่วมมือศึกษาและพัฒนาเกี่ยวกับด้านรถยนต์ไฟฟ้าและสถานีอดัประจุไฟฟ้า
โดยการลงนาม (MOU) ครั้งนี้ จัดให้มีขึ้น ณ สภาการค้าและอุตสาหกรรมแห่งชาติลาว สาธารณรัฐประชาธิปไตยประชาชนลาว
26
Electric Ferries
To prove the high safety of battery system Using our 800-KWh Lithium-ion battery capacity
to modernize and make a cleaner and safer
transportation for our community including tourist who
travel along Chao Phraya River, which is one of the
most impressive tourist destinations in Bangkok.
The electric ferry is designed by our own team and using our technology.
Q2/20 Q3/20 Q4/20 Q1/21
No. of E-Ferry
42
2
12
Nonthaburi
Sathorn-BKK
31
28
EV Charging Infrastructure SnapshotEA Anywhere is the leading EV charging station provider in Thailand with 72.1% market share.
Automotive Market: Electric Vehicle Charging Market Breakdown by Operators, Thailand, 2019
Source : Frost & Sullivan
EA Anywhere , 72.10%
EGAT, 13.80%
ChargeNow, 5.50%
Others, 8.50%
Note: Others including Metropolitan Electricity Authority (MEA), Provincial Electricity Authority (PEA), and PTT PCL
• EA Anywhere is the biggest electric vehicles (EV) infrastructure provider with 72.1% of market share in 2019.
• EA Anywhere is a subsidiary of EA , the largest renewable power producer in Thailand.• It targeted total of 1,000 EV charging station by end of 2020.
• Electricity Generating Authority of Thailand (EGAT) is a state-owned company which is managed by the Ministry of Energy. It is responsible for electric power generation and transmission.
• It is the second-largest EV infrastructure provider in Thailand with 13.8% share in 2019.
• BMW Thailand has launched Charge Now initiative with Central Group, AP PCL, and GLT green Thailand, offering EV charging network for all plug-in EVs and BEVs in Thailand
• It has 5.5% EV charging station market share in 2019.
EA Anywhere
EGAT
ChargeNow
Battery 30kWh12 mins with DC Chargerfor 200 km.
Compatible with all EV Brands
Battery: 30 kWh Lithium Ion : NMC
With STOBA Water cooling less humidity (Short circuit cause)
Charging CCS Combo type2 (EU)
Home Charge AC charge & DC Fast charge (80% 12 mins)
with EA Anywhere Charger
22/150 kW AC/DC Combo Charger
EA ANYWHERE Application
Available now
Home Favorite Calendar
Payment Promotion Report
Log in Help Setting
About us
Owner Application Features:
Users Traffic
Energy usage
Chargers Status
Billing System
Station Report
Update เริ่มคิดค่าบริการ ณ สถานีชาร์จไฟฟ้า (ส าหรับเครื่องชาร์จ AC)สามารถติดตามได้ที่ช่องทาง Website/Facebook ของ EAAnywhere
32
EAAnywhereAntiCovid19
รว่มเป็นสว่นหน่ึงชว่ยลดโอกาสการแพรร่ะบาดโควดิ19 EA ANYWHERE หว่งใยใสใ่จคุณ จงึจดักจิกรรมท าความสะอาดอุปกรณ์ตามสถานีชารจ์ไฟฟ้าต่างๆ โดยไดป้ระสานงานขอความรว่มมอืกบัเจา้ของพืน้ทีต่่างๆในการดแูลอุปกรณ์ประจ าสถานี
Advance Technologyin Biodiesel Business
Energy Absolute PCL.
34
Biodiesel Business with advance technology of GD & PCM
CPO
Purification
Green Diesel & PCM
Production (38 : 62)
B100 & Glycerin
Production
Glycerin
B100
Green
Diesel
PCM
Sell to major oil refinery companies
Sell to pharmaceuticals , Cosmetics, Personal products
Advance product of biodieselEnhancing diesel engine capacity
BioPCM works as a thermal storage battery good for energy saving
Export Market
Domestic Market
35
PCM Market Size : To be US$ 4.024 billion in 2025 ✓ Growing demand especially in Asia- Pacific mainly in Building and Construction
✓ Japan issued policy in Promotion of Zero Energy Building (ZEB) and Zero Energy Houses (ZEH)
1207.09
724.25523.07
724.25
523.07
201.18120.71
PCM Market in 2025 (in US$ million)
Building & Construction Commercial Refrigeration
HVAC Energy Storage Management
Shipping and Transportation Textiles
Others
4,023.62
292.61
218.08
182.19
179.43
124.22
55.2152.45
PCM Market in 2018 (in US$ million)
Building & Construction Commercial RefrigerationHVAC Energy Storage ManagementShipping and Transportation TextilesOthers
1,104.19
Source: Inkwood Research
36
Our Target in the future
Capital Investment in 2020
Biodiesel, 3,678 , 25%
Renewable Power, 10,974 ,
74%
Others, 235 , 1%
Revenue 2019
Biodiesel17%
Renewable Power51%
EV 27%
GD & PCM4%
E-Ferry & Charging 1%
RevenueContribution
Key milestone :EV, GD & PCM, E ferry
Start commercial operation
Q2/2020
B1001%
Power3% Charging
6%
GD&PCM11%
EV Car16%
E Ferry19%
1 GWh Battery Factory
43%
R&D1%
THB
7,388 mil.
1. ปฏิบัติตามค าแนะน าของกรมควบคุมโรค ขอความร่วมมือผู้ถือหุ้นที่อยู่ในกลุ่มเสี่ยงงดเข้าร่วมประชุมโดยสามารถมอบฉันทะให้กรรมการอิสระของบริษัทฯ หรือผู้อื่น เข้าร่วมประชุมแทนได้ ใช้หนังสือมอบฉันทะที่จัดส่งให้พร้อมหนังสือเชิญประชุม /หรือดาวโหลดจาก www.energyabsolute.co.th
2. บริษัทฯ จะจัดจุดคัดกรองและตรวจวัดอุณหภูมิ ณ จุดลงทะเบียน หากท่านใดที่มีไข้ (37.5ºC ขึ้นไป) บริษัทฯ ขอสงวนสิทธิไม่อนุญาตให้เขา้ไปในพ้ืนที่จัดประชุม แต่ยังคงสามารถใช้สิทธิลงคะแนนเสยีงได้โดยมอบฉันทะให้กรรมการอิสระของบริษัทฯ หรือผู้อื่น เข้าร่วมประชุมแทนได้
3. ให้ผู้เข้าร่วมประชุมสวมหน้ากากอนามัยตลอดเวลาที่เข้าร่วมประชุม หากผู้เข้าร่วมประชุมท่านใดมีอาการสุ่มเสี่ยง เช่น มีไข้ ไอ มีน้ ามูกไหล เจ็บคอ หรือหายใจเหนื่อยหอบ บริษัทฯ ขอความร่วมมือโปรดออกจากการประชุม เพื่อป้องกันการแพร่ระบาดของ COVID-19
จากเดิม ห้องประชุมวิภาวดีบอลรูม โรงแรมเซ็นทารา ลาดพร้าว กรุงเทพฯ เป็น “โครงการ People Park อ่อนนุช”
ส่งเอกสารมายังบริษัทฯ ภายในวันที่ 20 เม.ย. 63 ผ่านช่องทาง ดังนี้• Scan/ถ่ายภาพ ส่งทาง email มายัง
[email protected]@[email protected] และ
• ส่งทางไปรษณีย์ มาที่ แผนกเลขานุการฯ บริษัท พลังงานบริสุทธิ์ จ ากัด (มหาชน)อาคารเอไอเอ แคปปิตอล เซ็นเตอร์ ชั้น 16 เลขที่ 89 ถ.รัชดาภิเษก แขวงดินแดง เขตดินแดง กทม. 10400
แจ้งเปลี่ยนแปลงสถานที่เข้าร่วมประชุมสามัญผู้ถือหุ้นประจ าปี 2563วันพฤหัสบดีที่ 23 เมษายน 2563 เวลา 14.00 น.
Disclaimer
This presentation contains summary information about Energy Absolute Public Company Limited (“EA” or “the Company”) and its subsidiaries as at 30September 2019 and, unless stated otherwise. The information does not purport to be complete or comprehensive.
This presentation contains forward looking statements that may be identified by use of words such as “anticipates,” “hopes,” “expects,” “estimates,”“intends,” “projects,”“plans”, “predicts,” “projects”, “aims” or other similar expressions that are used to identify such statements. Forward lookingstatements are based on certain assumptions and expectations of future events. No guarantee nor assurance is made that these assumptions andexpectations are accurate or will be realized. Such forward looking statements should be considered with caution, since actual results may differmaterially from those expressed or implied by such statements.
The information in this presentation were obtained from various external sources which has not verified through any independent source. Norepresentation or warranty, either express or implied, is made regarding the accuracy, completeness, correctness, reliability, or scope of theinformation and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence).
This presentation is provided for the sole purpose of enhancing understanding of the Company and should not be construed as a legal, tax orinvestment recommendation or any other type of advice.
The Company does not provide any representation, warranty, endorsement, or acceptance, about opinion or statement of any analyst s or other thirdparties; or the use of any such opinion, or statement of any analysts or other third parties.
This document is strictly confidential and being given solely for your information and may not be shared, copied, reproduced or redistributed to anyother person in any manner.
IR Contact:[email protected]
