TRC Construction Public Company Limited Opportunity Day 1 April 2020 - - PowerPoint PPT Presentation

TRC Construction Public Company Limited Opportunity Day 1 April 2020

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Content

Company overview

New Projects & Backlog Bidding Projects Financial Highlights

1 2 3 4

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Key Milestone

2005

• Registered as a public

company limited

• Listed on the Market for

Alternative Investment

• Move to The Stock

Exchange of Thailand

• Received 3 mai Awards

2013 2020 : Smart IoT Ecosystem Established Olive Technology Co.,Ltd. 1998 : Contractor Established TRC Construction Co.,Ltd. 2007 : EPC Contractor Acquisition Sahakarn Wisavakorn Co.,Ltd. 2015 Received 2 SET Awards 2019 : Utilities Investment in AT Energy Solution Co.,Ltd. (subsidiary) 2017 : Utilities Established TRC Utility Co.,Ltd. (subsidiary) Investment in SH Crossing Co.,Ltd. (JV) CG “Excellent” 3 consecutive years

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“A Pioneer Organization who delivers innovative project solution in the region” (CLMVT)

“มุ่งมั่นที่จะสร้างสรรค์นวัตกรรมและตอบสนองความต้องการที่ดีที่สุดให้กับลูกค้าทั้งในประเทศและ ภูมิภาคเอเชียตะวันออกเฉียงใต้ (CLMVT)”

We will create best working environment and become the best Operational – excellence

• rganization.

เราจะสร ้างเสริมบรรยากาศการทํางานให ้ ดีที่สุดและเป็น องค์กรที่มีการปฏิบัติการที่มุ่งสู่ความเป็นเลิศ We will conduct business with good corporate responsibility. เราจะบริหารจัดการธุรกิจ ด ้ วยความรับผิดชอบต่อ สังคม ชุมชน และสิ่งแวดล ้ อม We will deliver sustainable returns through good governance. สร ้างผลตอบแทนที่น่าพึงพอใจอย่างยั่งยืนและบริหาร งานอย่างโปร่งใส

TRC MISSION

We will deliver excellent service with high quality , environmental and safety awareness to ensure our clients’ success. ส่งมอบบริการที่มีคุณภาพ ตรงตามเวลา มีความ ปลอดภัย และนํามาซึ่งความสําเร็จของธุรกิจลูกค ้ า

TRC VISION

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◄ Be Innovative ◄ E

ne r ge tic

◄ T

ar ge t- or ie nte d

◄ Re spe c t & T

r ust

◄ Commitme nt

COREVALUEs

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Performance Monitoring Safety Monitoring Alert Management Report Real-time Tracking

Construction Utilities & Investment Smart IoT Ecosystem

TRC BUSINESS

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Founded in 1954, Sahakarn Wisavakorn Co., Ltd. is leading Civil Engineering and Special rank registered contractor with many Thai Government Agencies. TRC Utilities Co., Ltd Supply municipality water with capacity 3,300 Q3/day in Tasit SAO, Pluak Daeng, Rayong.

New subsidiary in June 2017

A Specialist contractor in underground work such as HDD and pipe-jacking. SH Crossings Co., Ltd. is a joint venture between SKW and Langfang Huayuan.

New Joint Venture in November 2017

In 1991, ASEAN Potash Mining Co., Ltd was established with the ASEAN

• member. The Project had been carried
• ut in forms of ore-investigative drill,

channel excavation, trial mining, technical and environmental studies. A fully integrated solution provider for Smart IoT Ecosystem. Olive Technology Co.,Ltd is a joint-venture company between TRC and Xsense Information Service.

New subsidiary in 2020

AT Energy Solution Co., Ltd. is provides turnkey basis in various energy services solution for industrial customers. AT Energy is a joint-venture company between TRC and Asia Green Energy (AGE)

New Associate in August 2019

EPCC Turnkey Service in Oil & Gas, Petrochemical Industry, Large Scale Governmental Infrastructure and Energy Sector.

TRC Group & Affiliates

Construction Utilities & Investment Smart IoT Ecosystem

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Olive Technology Co., Ltd

Investment in Utilities & Smart IoT

AT Energy Solution Co., Ltd.

Thailand

• Electricity sales from Solar Farm
• Steam sales

Vietnam

• Steam sales

2018 (9-Month) 2019 (12-Month) Change Capacity (m3) 445,700 873,741 428,041 Sales (m3) 283,518 623,718 340,200 Sales (MB.) 5.73 13.06 7.33 Profit (loss) (MB.)

• 6.59

1.89 8.48

TRC Utilities Co., Ltd.

• Water Requirement for IoT Project
• Water Pump Station Improvement Project
• Smart Tourism Project
• To provide IoT solutions for the command center

Content

Company overview

New Projects & Backlog

Bidding Projects Financial Highlights

1 2 3 4

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Owner: Nong Khai Province Scope of Work: Construction of a ten-storey hospital building with total area of 28,176 square meters Contract Value: Baht 691 million Project Period: 30 months Construction of the Medical Building for Thabo Crown Prince Hospital Project Construction of multipurpose gymnasium building Owner: Thailand National Sports University Udon Thani Campus Scope of Work: Construction of a three storey multipurpose gymnasium building Contract Value: Baht 82 million Project Period: 600 days

Jan-Mar 2020 : TRC Group obtained The significant projects consist of 2 Projects total work value 773 MB

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21.5 .52% 75. 5.41% 3.07% 7%

Pipeline system Civil Works Engineering system Scope of Works

• No. of Projects

Remaining Value (MB) Civil Work 11 6,270 Pipeline System 2 1,789 Processing Plant 1 255 Total 14 8,314

TRC 24.59% SKW 75.41% TRC SKW Company

• No. of Projects

Remaining Value (MB)

TRC 3 2,044 SKW 11 6,270 Total 14 8,314

Civil Engineering Pipeline

Backlog by Company Backlog by Scope of Works

Backlog

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Project Value (MB) Remaining Work Value% Remaining Value(MB) Expected year

• f completion

TRC Projects

• 1. The Fifth Transmission Pipeline Project Phase 1 (5TP1)

755.23 33.06% 249.68 2020

• 2. Refined glycerin plant

389.75 65.32% 254.59 2020

• 3. Raw Water Pipeline System Klong Luang Reservoir - Chonburi

1,833.00 83.98% 1,539.35 2021 Total TRC Projects 2,977.98 2,043.62 SKW Projects

• 1. Construction of overpass bridge, Na Ranong Intersection

1,524.37 88.57% 1,350.17 2021

• 2. Lubricants Distribution Center Project

600.00 70.48% 422.88 2020

• 3. The construction of Highway (Don Si Non)

558.88 77.27% 431.85 2021

• 4. Conversion of Overhead Line to Underground System Project, Ratchadaphisek-Asoke Route

2,205.42 95.32% 2,102.12 2022

• 5. Ditch improvement Vibhavadi Rangsit Road Section 1

633.01 94.32% 597.05 2021

• 6. Conversion of Overhead Line to Underground System Project, Rama IV Route

517.76 100.00% 517.76 2021

• 7. Other Project

1,997.86 848.24 2020-2021 Total SKW Projects 8,037.30 6,270.07 Total TRC Group Projects 11,015.28 8,313.69

Projects on Hand

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Construction of Overpass Bridge, Manhole and Underground Duct Bank on Rama 3 Road at Na - Ranong Intersection  1,524 MB Owner : Bangkok Metropolitan Administration and Metropolitan Electricity Authority Scope of Work: Construction of overpass bridge, Manhole and Underground Duct Bank, Na Ranong Intersection.

11%

Conversion of Overhead Line to Underground System Project, Ratchadaphisek - Asoke Route  2,205 MB Owner : Metropolitan Electricity Authority Scope of Work: Conversion of Overhead Line to Underground System, road length of approximately 8.2 kilometers

5%

Owner : Eastern Water Resources Development and Management Public Company Limited Water Pipeline System Klong Luang Reservoir - Chonburi  1,833 MB Scope of Work : Construction of Water Pipeline System, length of approximately 45 kilometers and Pump Station

16%

Significant Ongoing Projects

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Content

Company overview New Projects & Backlog

Bidding Projects

Financial Highlights

1 2 3 4

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14 Projects total 10,740 MB. Waiting bid result

Piping Spool & Fabrication Works 255 MB Infrastructure 56 MB

Waiting Sign Contract

Bidding Project

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Content

Company overview New Projects & Backlog Bidding Projects

Financial Highlights

1 2 3 4

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2015 2016 2017 2018 2019

Revenues (MB) 3,955 3,737 2,436 2,305 3,427 Gross Profit (MB) 637.78 750.65 510.41

• 88.71

57.29 Net Profit (loss) (MB) 301 285 91

• 2,042
• 295

Gross Profit Margin for Construction services income (% ) 16.44% 20.30% 21.54%

• 3.90%

1.58% Gross Profit Margin Other services income (% ) N/A N/A N/A

• 10.52%

31.39% Net Profit (loss) Margin (% ) 7.74% 7.78% 11.99%

• 88.55%
• 8.56%

Debt to Equity Ratio (Time(s)) 0.89 0.86 0.67 3.35 3.43 Earnings (loss) per share (Baht) 0.063 0.050 0.015

• 0.331
• 0.038

Par value per Share (Baht) 0.125 0.125 0.125 0.125 0.125

• No. of Shares

4,522,766,096 5,135,985,760 5,869,693,296 6,163,165,825 9,587,146,838 Market Cap. (Million Baht) 8,909.85 7,344.46 6,221.87 2,465.27 1,150.46

+ / - Change (2019-2018)

1,122 146 1,747 5.48% 41.91% 79.99% 0.08 0.293

• 3,423,981,013
• 1,314.81

5 Years Performance

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Service Income

2015 2016 2017 2018 2019

774 1,104 952 465 792 927 434 436 479 656 871 1,170 452 646 958 1,308 989 530 672 972

Q1 Q2 Q3 Q4

3,378 2,262 2,370 3,697 3,880

Break down by Quarter

3,880 3,697 2,370 2,262 3,378

2,131 1,797 1,073 1,007 958 1,512 1,158 345 420 389 236 742 950 829 2,018

1 2 6 13

2015 2016 2017 2018 2019

Service income Pipeline Engineering Civil Other

Break down by Segment

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2,830 2,276 596 840 182 503 56 97 52

31 Dec 19

2,260 1,513 641 762 82 703 48 78 25

31 Dec 18

Cash Invest in Associate & JV Non-current assets PPE Current assets Current Liabilities Loans & debentures Equity Non-current liabilities

3,716 MB 3,056 MB

Financial Position increased from + Increased from issue share capital

Statement of Financial Position

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Disclaim laimers

Information disclosed on this presentation includes forward looking information of TRC determined by TRC based on information available at the time, as well as information about risks and factors of uncertainty related to economic trends, intensified competition in the industry, market demand, exchange rates, applicable laws and regulations. Operating results and other information published in the future may vary due to these factors. TRC is in no way responsible for any damage incurred due to the use of information disclosed on this presentation. Further, no obligation to revise and/or publish forward-looking information on this presentation based on new information and/or future events. The information disclosed on this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for securities in TRC in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.

Thank you

Email: ir_trc@trc-con.com Tel: +66 2022 7777 Ext. 3207/3213 Fax: +66 2022 7778