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OPPORTUNITY DAY ON 24 March 2014
TIRATHAI PUBLIC COMPANY LIMITED
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1 Company Profile
2 Vision and Mission
4 Business Plan & Investment
6 Question & Answer
Content
5 Forecast for 2014
3 Operating Result of Year 2013
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L.D.S. METAL WORK Co.,ltd.
(Plant II – Head Office)
Manufacture for Power transformer
Capacity up to 300 MVA System
Voltage up to 230 kV
THAIFINS Co.,ltd.
Manufacture for Transformer’s
fins and Tank support to
Tirathai Plc.,ltd.
(Plant I ) Manufacture for Distribution transformer
Capacity up to 10 MVA System
Voltage up to 36 kV
TIRATHAI & It’s subsidiary
TIRATHAI Public company Limited
TIRATHAI E&S Co.,ltd.
Distribution , installation
maintenance service of
electrical power equipment
Manufacture for Tank
and fabricate steel .
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Transmission line 500, 230, 115 kV
Transmission line 230, 115, 69 kV
PRIVATE SUBSTATION Big Industry > 10 MVA
Transmission line 230, 115, 69 kV
MEA’S SUBSTATION ~60 MVA
6.6, 22, 33 24 kV
6.6, 3.3 416/240, 400/230 kV
Distribution line 24, 12/24 kV
Distribution line 22, 33 kV
Infrastructure & Housing 416/240 V
Industry & Big Building 400/230 V
PEA’S SUBSTATION ~60 MVA
Step up Transformer Power Plant
Transmission Line
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Rectifier & Induction Furnace
Capacity 1-10 MVA Rated Voltage 36 kV.
Capacity 5-300 MVA Rated Voltage 230 kV.
Distribution Transformer
Capacity 1-100 MVA Rated Voltage 36 kV.
Products of Tirathai
Power Transformer
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230, 500 kV TERMINAL STATION
SUBSTATION
POWER PLANT
12, 22,24,33 kV
69, 115 kV
240/416 , 230/400 V
Power Network Products
Tirathai E&S Co.,Ltd.
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HV Gas Insulated Switchgear Aerial Crane Device and
Digger Derrick Unit
Tirathai E&S Co.,Ltd.
Products of TRT E&S
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LOGO Products of L.D.S.
Transformer Tank Drying Oven
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LOGO Products of L.D.S.
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LOGO Hongsa Power Plant Project
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LOGO Belt Conveyor
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LOGO Vision & Mission
Vision, Mission for Sustainable Business Future
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LOGO Vision
To be a leading transformer manufacturer, distributor and comprehensive services provider in Asia and Oceania and to seek opportunities of joint venture in related energy business. These will be supported with quality performance serving customer’s demand on the basis of corporate good governance and social responsibility.
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LOGO Missions
BUSINESS
To utilize technical expertise to collaborate with customers in order to design and manufacture transformers of quality suitable for
their system and nature of work. Also to develop a complete range of service system to support customers’ electrical system
maintenance.
To expand the market structure covering countries in Asia and Oceania.
To increase distribution channels of energy generating and distributing equipments and to enter joint ventures in energy
generating system projects.
CUSTOMER
To serve customers' need by focusing on quality, reasonable price, in time delivery and good service.
To be strongly intent on being the first choice of customers at any time when they demand transformer products and services.
HUMAN RESOURCES
To encourage, develop and retain people to obtain their expertise and to build up their spirits of Teamwork, Quality, Integri ty and
Customer focus.
CORPORATE GOVERNANCE
To have credibility to the shareholders and treat all stakeholders with fairness.
CORPORATE SOCIAL RESPONSIBILITY
To be a good member of the society and perform business with responsible concern for the public.
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LOGO Operating Result of Year 2013
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LOGO Consolidated financial Statements
Unit: Million Baht 2010 2011 2012 2013
Total Revenue 1,519.93 1,882.95 1,956.15 2,534.96
Revenue from Sales & Service 1,492.03 1,854.68 1,921.16 2,517.89
Gross Profit 441.09 555.11 374.57 657.94
EBITDA 237.21 308.32 130.87 320.30
EBIT 205.10 268.21 82.86 268.35
Net Profit 142.73 199.42 29.56 177.06
Total Assets 1,685.46 1,938.96 2,552.24 2,575.98
Total Liabilities 753.73 874.86 1,496.52 1,391.62
Shareholders' Equity 931.73 1,064.13 1,024.27 1,184.36
Financial Ratio
Gross Profit Margin (%) 29.56% 29.93% 19.50% 26.13%
Net Profit Margin (%) 9.39% 10.59% 1.51% 6.98%
Return on Asset (%) 11.22% 14.80% 3.71% 10.53%
Return on Equity (%) 16.64% 19.98% 2.83% 16.08%
Book Value Per Share (Par1Baht) 3.75 3.80 3.66 3.85
Earning Per Share 0.59 0.73 0.11 0.58
Dividend Per Share 0.30 0.40 0.01 0.30
Stock Dividend Ratio - - 10:1 -
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LOGO PDP 2010 Rev.3 with RE Contribution
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LOGO Peak Electricity Demand
ข้อมลู : กองสารสนเทศ ฝ่ายส่ือสารองค์การ กฟผ.
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Million Baht
1,000
2,500
4,000
5,500
Before Investment After Investment
Total Income
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Main Product & New Business
After Investment
Type 2013 2014 2015 2016 2017
Distribution Transformer
1,000 1,120 1,150 1,270 1,400
Power Transformer
1,115 1,300 1,790 2,100 2,500
Service & Others 124 70 55 61 67
Total 2,239 2,490 2,995 3,431 3,967
Distributing Equipment
181 250 275 302 322
Tank & Steel Fabricate plant
151 470 500 554 610
Total 2,535 3,210 3,770 4,288 4,909
2,535
3,210
3,770
4,288
4,909
0
1000
2000
3000
4000
5000
6000
Tank & Steel Fabricate plantDistributing EquipmentServicePowerDistribution
M’baht
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1,000 1,500
4,000
7,500
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Before Investment After Investment
Distribution transformer Power Transformer
MVA
5,000
9,000
Increase Transformer Production Capacities
from 5,000 MVA to 9,000 MVA or 80% Increase After Investment
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-
2,000
4,000
6,000
8,000
10,000
Before Investment
After Investment
1,500
10,000
Before Investment After Investment
Tones
Increase Tank & Fabricate Steel Production Capacities
from 1,500 to 10,000 tones per year
or 666% increase after investment
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Expected Completion
Date
1. Power Transformer Plant Expansion 1 Quarter 2014
2. New Distribution Transformer Plant Mid of 2015
3. New Tank and Fabricate Steel Plant Mid of 2015
Investment Progress
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LOGO Forecast for 2014
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Customer 2011 2012 2013 2014 (F)
-Government 810 645 960 960
- Local 676 655 878 995
- Export 292 275 277 465
- Service 52 134 97 50
- Others 53 49 27 20
Distributing Equipment - 151 181 250
Tank & Steel Fabricate plant - 47 115 470
Total 1,883 1,956 2,535 3,210
Structure of Incomes by Customer
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Product 2011 2012 2013 2014 (F)
- Distribution 1,189 786 1,000 1,120
- Power 589 789 1,115 1,300
- Service 52 134 97 50
- Others 53 49 28 20
Distributing Equipment - 151 181 250
Tank & Steel Fabricate plant - 47 115 470
Total 1,883 1,956 2,535 3,210
Structure of Incomes by Product
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LOGO Delivery & Backlog Orders As of 28 Feb. 2014
Customer M’ Baht
MEA Dist. 79
Power 148
PEA Dist. 0
Power 0
EGAT Dist. -
Power 0
Local Dist. 225
Power 537
Export Dist. 86
Power 179
Other Distributing Equipment
Tank & Steel Fabricate plant
178
500
Total
1,932
Delivery in 2014 = 1,596 M’Baht
Delivery in 2015 = 150 M’Baht
Delivery in 2016 = 186 M’Baht
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LOGO Bids and Quotations in Process as of 28 Feb. 2014
Customer M’ Baht
MEA 2,300
PEA 2,000
EGAT 100
Local 1,950
Export 1,000
Others
(Distributing equipment)
700
Total 8,050
** Expect to receive the above orders approximately 20-25%
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Question & Answer
Thank You