Вы находитесь на странице: 1из 57

Corporate Presentation

The 1st Qtr 2013 Operating Performance


Opportunity Day
12 June 2013
1
Agenda

Company Overview

Ongoing and Future Developments

Key Financial Highlights

Q&A Session

2
Company Overview

Vision

To become the leading contractor of Thailand delivering projects in respect of standard


and safety for both natural gas pipeline, petrochemical industry and energy fields
along with its sustainable growth.

Mission

1. To enhance the company’s consistent growth with the good conduct of the corporate governance
practice for highly benefit of the company and its shareholders.

2. To recognize human dignity by treating all employees on fairly basis with disregard of race , class, complexion
or religion.

3. To emphasize human development through rendering knowledge gain, skill and expertise trainings as well as
required knowledge in concerned areas for the company’s sustainable growth.

4. To strive toward teamwork performance , passing on skill and knowledge including experience from one
generation through another.

5. To emphasize design engineering works, encourage learning participation and utilize new technology in
cooperation with both domestic and international alliances to develop Thai engineers’ capability to be identical
with the international ones.
3
6. To reward society and community.
TRC Group Structure

TRC Construction Public Company Limited


(Thailand)
Paid-up Capital 392.6 MB

99.99% 100%
Sahakarn Wisavakorn Co., TRC Investment Limited
Ltd.
(Mauritius)
(Thailand)
Paid-up Capital USD 1
Paid-up Capital 200 MB

89.97% 100%

Set up in SKK Joint Venture Co., Ltd. TRC International Limited


Mar 2013 (Thailand) (Hong Kong)
Paid-up Capital 1 MB Paid-up Capital HKD 10

60% 70%
TRC Middle East LLC TRC Engineering LLC
(Sultanate of Oman) (Sultanate of Oman)
Paid-up Capital OMR 150,000 Paid-up Capital OMR 250,000
4
Key Corporate Milestone

Revamp OCS#1
Nigeria Project

Gulf JP Pipeline
Oman Project
RR Project • Moving to
• Ubon Bio-Ethanol SET & target
for Investment
• TRC is equipped Project of 2,134 MB
• 2011 Backlog projects
• EPC for Flowline capability of EPC
• Undertaking of OMR 9.7 Mill and undertake reached 4,452 MB
• Lump Sum International & • Consortium with Large Scale
• Wang Noi- Turnkey Bangchak Large Scale Siemens for OCS#1 Project
Kaeng Khoi BioDiesel Plant Project Development
Cross Country Project
Gas Pipeline

2005 2006 2010 2013


Contractor EPC Contractor Project Developer Investor
• Bidding with many competitors • Providing Engineering, Procurement • Utilizing EPC experiences and • For sustainable
and lower margin & Construction services with fewer become the “ONE STOP growth
competitors and higher margin SERVICE” for our clients 5
: 23 April 2013

6
Our Core Business

Pipeline Construction for Energy Mechanical Installation and Process Plant


and Petrochemical Industry Construction for Energy and Petrochemical Industry

Project Development and Investment EPC Services in Overseas 7


Key Success Factors

“Provide service excellence and maintain the highest level of customer satisfaction”

Competent and
experienced
professional
management team
& operation
Continuously personnel
Strong risk
growing
management
sustainable
and solid
revenue and
liquidity
profit stream
management
while creating
to enables
loyal and
financial
engaged flexibility
customers
Establishing strong
strategic alliances
and focus on high
margin projects with
high barriers to entry

8
Our Quality, Health, Safety and Environmental
Promises

9
New HSE Achievement
“3 years LTI Free of Oman Project”

10
New HSE Achievement for SKW

11
Our Reputable Clients

12
Good Corporate Governance Promises

2011 2012
Listed Listed
TRC Companies TRC Companies
Average Average

Data for Evaluation 2010 publicly available information 2011 publicly available information

1. Overall Ranking 83% 77% 88% 77%


Excellent and Outstanding Excellent and Outstanding
*Noted Higher Score
2. Ranking by Categories

1. Shareholders Rights 87% 90% 86% 88%


2. Equitable Treatment of Shareholders 92% 85% 92% 84%
3. Stakeholders Rights 69% 61% 82% 65%
4. Financial Transparency and Information Disclosure 92% 89% 96% 88%
5. Role and Responsbilities of the Board 77% 64% 86% 63%

TRC is committed in delivering value to our shareholders


13
Agenda

Company Overview

Ongoing and Future Developments

Key Financial Highlights

Q&A Session

14
TRC Revenues Growth

• Core Businesses On-going


• Gulf JP’s IPP Project
• Ubon Bio Ethanol Project
• PTTAR-IRPC Multiproduct Project
• Green ABS VI Project
• GUT Gas Pipeline Project EPC
• Ti-con Project
• Expansion in Oman
• Petrogas Rima (extension contract)
• PTTEP Oman
• EPCC and O&M in oil & gas sector and
petrochemical industry
• Investment Scheme
• Energy projects in neighboring countries
• Natural resources project 15
On-going Core Business: Gulf JP’s IPP Pipeline

Gulf JP’s IPP Pipeline

 Owner: Gulf JP Co., Ltd.

 TRC’s Work Value: THB 1,185 million +


USD 16.345 million

 Scope of Work:
Gas Pipeline EPC Package for Natural
Gas Transmission Pipeline Construction
Work and Metering and Regulation Station
for IPP Project in Saraburi Province

 Work Period: Oct 11 - Jun 13

 % of Completion as at 31 March 2013: 87%

16
On-going Core Business: Ethanol Processing Plant
Ubon Bio Ethanol Project

 Owner : Ubon Bio Ethanol Co., Ltd.

 SKW’s Work Value: THB 2,134 million

 Scope of Work:
Plant Out Side Battery Limit (“OSBL”) EPCC
Package for Ethanol Processing Plant with a
capacity of 400,000 liter per day utilizing dry
and fresh cassava as raw material

 Work Period : Mar 11- Dec 12

 % of Completion as at 31 March 2013: 96%

17
Ethanol Processing Plant (Cont.)

18
On-going Core Business: PTTAR-IRPC Multiproduct

PTTAR-IRPC Multiproduct Project

 Owner: IRPC Public Company Limited

 TRC’s Work Value: THB 723 million

 Scope of Work:
Multiproduct pipeline installation between
IRPC Tank to PTTAR Refinery

 Work Period: Jul 11 - Apr 13

 % of Completion as at 31 March 2013 : 98%

19
On-going Core Business: GUT Gas Pipeline Project

GUT Gas Pipeline Project

 Owner: Gulf JP UT Company Limited

 TRC’s Work Value: THB 1,547 million

 Scope of Work:
 EPC of 28 inches diameter Natural Gas
Pipeline length approximately 21 km. and
two block valve stations and one metering
station for GUT Power Plant (IPP)
 Project located in Rojana Industrial
Park 3, Ayutthaya Province

 Work Period: Aug 12 – Jul 14

 % of Completion as at 31 March 2013: 7%

20
Civil Work Project : Ti-con Logistics Park Co., Ltd.

Civil Work for Bridge, Main road and


Drainage, TPARK Wang Noi 2 by Sahakarn
Wisavakorn, a Subsidiary

 Owner: Ti-con Logistics Park Co., Ltd.

 Work Value: Baht 163,161,166

 Scope of Work:
 Civil work for Bridge, Main road and Drainage

 Work Location: Amphur Wang Noi, Ayutthaya

 Work Period: 5-Month (1 June – 31 October 2013)

 Tentative Contract Signing Date: 31 May 2013

21
Expansion in Oman: Petrogas Rima
(2-Year Extension Contract)

Pipeline Project

 Owner: Petrogas Rima LLC


(Total contract period is 3 years + 1 year + 1 year)

 TRC Middle East LLC’s Work Value:


Approximately of THB 377 million
(2-Year Extension Contract)

 Scope of Work:
 Engineering, Procurement and Construction
of production flow lines and water injection
flow lines connecting the drilling wells
together.

 Work Period: May 2012 - Apr 2014

 Type of Contract: EPC Contract

 % of Completion as at 31 March 2013 : 43%

22
List of Potential Projects

Approximate
Project Value Estimate
Project Name Project Period
(MB)
A. Natural Gas Pipeline
A.1 Provincial Gas Transmission Pipeline 9,000* 2013 - 2016
A.2 SPPs 1,500 2013 - 2016
A.3 Distribution Pipelines 1,000 2013 onwards
A.4 Construction Call Off Services n/a 2013 onwards
A.5 Compressor Station 6,000 *- 7,000* 2013 onwards
B. Processing Plant
B.1 Waste to Energy 2,000 2013 - 2014
B.2 Alternative Fuel (Bio Diesel / Ethanol Plant) 1,000 2013 - 2014
B.3 CBG for NGV 70 2013
C. Infrastructure Government Project - Railway Track 1,000* 2014 - 2016
D. Oman Two Projects 700 2013 - 2016
Approximate
Total
23,270
23
*Including Strategic Partners’ work portion.
Natural Gas Pipeline Project: Provincial Gas
Transmission Pipeline
Provincial Gas Transmission Pipeline
Project to Nakhon Ratchasima

 Owner: PTT Public Company Limited

 Scope of Work:
 EPC of a new Pipeline approximately 112 km.
of 28 inch diameter main transmission pipeline
from Saraburi to Nakhon Ratchasima
 EPC new 6 Block Valve Stations and 1 receiving
station
 Along Highway No.2 (Mittraphab Road)

 Contract Period: 900 days

 Bidding: TRC to joint venture with Sinopec to


bid in June 2013
 Target: To be awarded on 1 Sep 2013

24
Natural Gas Pipeline Project: Provincial Gas
Transmission Pipeline
Provincial Gas Transmission Pipeline
Project to Nakhon Sawan

 Owner: PTT Public Company Limited

 Contractor: China Petroleum Pipeline Bureau (CPP)

 Scope of Work:
 EPC new 12 Block Valve Stations, 1 Launcher
station and 1 receiver station
 Alongside Highway No.1 and 32

 Contract Period: 758 days


(Awarded to CPP on 1 Mar 2013)

 Term of bidding: TRC will bid as Subcontractor

25
Natural Gas Pipeline Project: SPPs

Natural Gas Pipeline Projects: SPPs

 focusing on expansion of the construction


works for natural gas transmission pipeline
projects for both IPP and SPP

 Targeted Customer: 22 SPP Producers,


approved by the Energy Regulatory
Commission of Thailand (ERC) for power
supply during 2015 – 2021 according to
PDP 2012

26
Natural Gas Pipeline Project: Distribution Pipelines

Navanakorn-Rangsit Interconnecting
Pipeline Project

 Owner: PTT Public Company Limited

 Scope of Work:
 EPC of a new Pipeline approximately 6.2
km of 28 inch main transmission pipeline
from KP.20 of the PTP-NS Pipeline in Bang
Pa-in to NVRS Gas Pipeline network
 EPC one MR Stations and one Receiver
Station.
 Alongside Highway No.9

 Construction Period: 638 days after award

 Target: Result of Bidding within end of July

27
Processing Plant: CBG for NGV

Compressed Bio-Methane Gas for NGV


Project

 Type of Project: Investment

 Total Investment: THB 74 Million

 Scope of Work:
 Invest in CBG plant to supply PTT NGV
Station approximately 9 tons/day
(approximately 3,000 tons/year)
 Project Location at Bangsaphan Noi
District, Prachuap Khiri Khan Province

 Project Status: Finalizing and Construction soon

28
Potential CBG

3 Additional Plants by 2014

 Plant A: CBG production capacity per year - 3,000 tons


 Plant B: CBG production capacity per year - 5,000 tons
 Plant C: CBG production capacity per year - 3,000 tons

29
The Infrastructure Project Investment of the Ministry of Transportation
(2013-2020)

(Unit: Million Baht)

Type of transportation Required Budget As per 2.2 Trillion Loan Act


or
Transportation Type Amount % Amount %

Rail 3,201,111.75 75.32 1,621,237.50 81.06

Road 808,245.13 19.02 216,737.22 10.84

Waterway 145,155.51 3.42 30,277.37 1.51

Air 83,247.92 1.96 - -

Customs Department 12,195.26 0.29 12,195.26 0.61

Total Value 4,249,955.57 100 1,880,447.35 100

(Source: Ministry of Transportation)


30
Potential Projects: Railway Track Rehabilitation
Railway Track Rehabilitation
(Government Infrastructure Project)

 Owner: State Railway of Thailand

 Bidding Project Value: SKW is going to co-operate with


strategic partners to bid projects approximately total of Baht
4,000 - 5,000 million

 Scope of Work: Civil work for track strengthening and track


rehabilitation

 Bidding Period: 2013 - 2014

31
32
Agenda

Company Overview

Ongoing and Future Developments

Key Financial Highlights

Q&A Session

33
The 1st Qtr 2013 Performance of TRC and its Subsidiaries

(Unit: Million Baht)


The 1st Quarter
Consolidated FS Common Common Difference
2013 Size 2012 Size
Services income 640.33 99.68% 1,002.20 98.76% -361.87 -36.11%
Interest income and other income 2.06 0.32% 12.56 1.24% -10.49 -83.56%
Total revenues 642.40 100.00% 1,014.76 100.00% -372.36 -36.69%
Cost of services -571.62 -88.98% -877.04 -86.43% -305.42 -34.82%
Gross margin 68.71 10.70% 125.16 12.33% -56.45 -45.10%
Administrative expenses -54.48 -8.48% -46.80 -4.61% 7.67 16.40%
EBIT 16.30 2.54% 90.91 8.96% -74.62 -82.07%
Finance cost -1.31 -0.20% -0.56 -0.06% 0.75 133.21%
Income tax expenses -8.95 -1.39% -18.97 -1.87% -10.02 -52.84%
Profit for the period 6.04 0.94% 71.38 7.03% -65.34 -91.53%
Adjust: Minority interest of the subsidiaries 3.90 0.61% -1.43 -0.14% 5.33 n/a
Profit attribute to equity holders of the parent 9.94 1.55% 69.95 6.89% -60.01 -85.79%
Earnings per Share (Baht) 0.01 0.09
Gross Profit Margin 10.73% 12.49%
Net Profit Margin 1.55% 6.89%
Debt to Equity (Times) 1.36 1.82
34
Actual Performance of TRC and its Subsidiaries
Actual Performance of the 1st Qtr 2013 of TRC and its Subsidiaries
(Unit: Million Baht)

TRC TRC
TRC SKW TRCM TRCE TRCI Investment Consol
(Oman) (Oman) (Hong Kong) (Mauritius)
Construction Service Income 538.40 45.44 42.02 14.48 - - 640.33
Other Revenue - - - - - - -
Interest Income 0.57 0.15 0.09 - 0.30 - 0.33
Other Income 1.59 0.21 - - - - 1.73
Total Revenue 540.56 45.80 42.11 14.48 0.30 - 642.40
Cost of Services - 461.88 - 50.66 - 33.02 - 26.14 - - - 571.62
Gross Profit 78.69 - 4.86 9.09 - 11.66 0.30 - 70.77
SG&A and Finance Cost - 36.95 - 6.06 - 2.82 - 8.95 - 1.77 - 0.02 - 55.78
Earning before Tax 41.74 - 10.92 6.27 - 20.61 - 1.47 - 0.02 14.99
Corporate Income Tax - 8.41 0.02 - 0.56 - - - - 8.95
Net Profit before Minority Interest 33.32 - 10.90 5.72 - 20.61 - 1.47 - 0.02 6.05
Less: Minority Interest (40% for TRCM, 30% for TRCE) 3.90
Net Profit for the Parent Company 9.94

Gross Profit 14.21% -11.49% 21.42% -80.53% n/a 10.73%

Net Profit Margin 6.16% -23.80% 13.58% -142.39% -487.68% 1.55%

The 1st Quarter of 2013, SKW & TRCE had loss from operation.

35
Total Revenue
(MB)

36
Net Profit

(MB)

37
Gross Profit & Net Profit Margin

(%)

38
Services Income Break-Down

2010 2011

2012 1st Qtr 2013 39


Debt to Equity

Time(s)

. .
1.00*
. .
0.84* 0.90* 0.88*

* Calculated from (Total Liabilities-Advances from Customers-Unearned Construction Revenue)/Total Equity

40
EPS & Book Value

(Baht/Share)

41
Dividend Payout Summary

Dividend Policy: 40% of Net Profit of “TRC” after Legal Reserve


(Baht/Share)

0.26

0.29 0.16

0.03

EPS (only TRC)


Stock Dividend
Cash Dividend

Dividend/ Net Profit


after Legal Reserve 93% 34% N/A 51% 84% 53%

* Note : In this graph, the 2012 Dividend is based on Par Baht 1.00 for comparison with the past record. The
par split from Baht 1.00 to Baht 0.50 has been effective to shares trading in the SET since 2 May
2013. The cash/stock dividend paid on 23 May 2013 at Baht 0.050358/share and Baht
0.083336/share (6 existing shares: 1 new share) , respectively. 42
Paid-up Capital

(MB) Registered Capital


450
425.52
392.66 ESOP 16.00
400 Stock RO 16.83
Dividend
329.99 330.67 333.56 336.59 Stock Dividend 56.10
350 ESOP
56.07
Stock ESOP ESOP
Dividend 0.67 3.56 6.59
300 73.33
256.67
Stock
250 Swap
with 336.59
SKW
200 150 106.67
329.99 330.67 333.56 336.59
150
IPO 30 256.67
100
150
50 120

0
2005 2007 2008 2010 2011 2012 May 2013 43
2013 Capital Increase

Registered Capital
Par Registered Capital
No. of Share
(Baht/Share) (Baht)
Registered Capital as at 26 April 13 673,171,178 0.50 336,585,589.00

Capital Increase: Price


(Baht/Shares)

- Stock Dividend (6:1, 23 May 13) 112,200,000 - 56,100,000.00

- Right Offering (20:1, 17-21 June 13) 33,658,559 2.50 16,829,279.50


- ESOP-W2 (Issuance: 1 July 13,
32,000,000 4.70 16,000,000.00
Exercising Period 30 June 14 – 30 June 16)
Registered Capital as at 29 April 13 851,029,737 425,514,868.50

Paid-up Capital
Par Paid-up Capital
No. of Share
(Baht/Share) (Baht)
Paid-up Capital as at 2 May 13 (After Par Split) 673,171,178 0.50 336,585,589.00

Stock Dividend on 23 May 13 112,146,533 0.50 56,073,266.50

Paid-up Capital as at 23 May 13 785,317,711 0.50 392,658,855.50

44
Time Schedule

XM Date 27,28,29 Mar 13

Record Date for Right to Attend the 2013 AGM 29 Mar 13

The 1st Trading Day in SET (Moving from MAI) 23 Apr 13

The 2013 AGM Date 24 Apr 13

2 May 13
Par Split to from Baht 1.00 to Baht 0.50 (Effective to Shares Trading
in the SET)

Record Date for Right to Receive Dividend/Rights Offering 9 May 13

XD/XR Date 7,8,9 May 13

Dividend Payment Date (Stock & Cash Dividend) 23 May 13

Right Offering Subscription Period 17-21 Jun 13

ESOP-W2 Allocation 1 July 13

Quarterly (30 Jun 14-30 Jun 16)


ESOP-W2 Exercise Period 45
TRC Group Backlog

(MB)
5,000
4,452
4,500 Oman Subsidiaries
265
SKW
4,000 TRC

3,415
3,500 1,352
135
310
3,000
2,399
2,500
163 New Awarded
216 Project of SKW
2,000 1,641 131 In May
1,501 1,451
1,500 284 1,266 2,835 2,970
315 359
1,000 627 1,889
1,357 1,186 32
500 1,092
607
0
31-Mar-13
46
TRC’s Backlog as at 31 March 2013

Type Uncompleted
Project Owner/ Work Value
of Work Value
Project Name Client (MB) Project Period
Works (MB)

1. GUT Gas Pipeline Project E, P, C Gulf JP UT Co., Ltd. 1,547.43 1,439.11 Aug 12 Jul 14

(2)
2. Gas Pipeline Construction Work for Gulf JP’s IPP E, P, C Gulf JP Co., Ltd. 1,684.22 208.99 Oct 11 Jun 13
Project (The Project value 1,185 MB and USD
16.345 Million)

3. Schedule of Rate Period Contract for Mains and E, P, C PTT Natural Gas Distribution 144.00 88.73 Nov 11 Oct 13
Services at Various Location Co., Ltd.

4. Supply Solvent E, P, C Siam Rajathanee Engineering 47.62 47.62 Apr 11 Apr 13


Co., Ltd.
(EUR 1,277,100)

5. Installation Equipment, Piping Electrical and Instrument E, P, C PTT Global Chemical Public 32.00 32.00 Jan 13 Aug 13
System Company Limited

6. N/G pipeline to OTS&PRS E, P, C AMATA Natural Gas Distribution 76.00 23.83 Jun 12 Feb 13
Co., Ltd.

7. PTTAR-IRPC Multiproduct Pipeline E, P, C IRPC Public Company Limited


722.50 14.45 Jul 11 Apr 13

8. Pilot Plant at BST Site#2-NB latex Plant Project E, P, C Bangkok Synthetics Co., Ltd. 38.00 11.53 Nov 12 Feb 13

9. Mechanical and Piping Work Packing of C5 E, P, C BST Specialty Co., Ltd. 72.00 7.10 Aug 12 Feb 13

10. Schedule of Rate Period Contract for HDPE Natural E, P, C AMATA Natural Gas Distribution 58.00 0.90 Nov 11 Oct 13
Gas Pipeline Distribution Project Co., Ltd.

47
TRC’s Backlog as at 31 March 2013
Type Uncompleted
Project Owner/ Work Value
of Work Value
Project Name Client (MB) Project Period
Works (MB)

11. TPP Pipe Rack Extension (State#1) E, P, C - Bangkok Industrial Gas Co., Ltd. 15.71 0.38 Sep 11 Dec 12
- Thai Industrial Gases Public
Company Limited
- Vinythai Public Company

12. Detailed Design of Pipeline for TBKK (Thailand) E TBKK (Thailand) Co., Ltd. 0.08 0.08 Jan 13 Jan 13
Co.,Ltd. , Amata Nakorn Industrial Estate

13. Reroute Gas Pipeline at Kingkaew NGV Gas E, P, C PTT Public Company Limited 5.77 5.77 Mar 13 Aug 13

14. N/G pipeline to Central Foods Co.,Ltd. E, P, C PTT Natural Gas Distribution 5.64 5.64 Mar 13 Jul 13
Co.,Ltd.

15. Pipeline Lowering E, P, C PTT Public Company Limited 2.28 2.28 Mar 13 Apr 13

Total 15 Projects 4,451.25 1,889.29

48
SKW’s Backlog as at 31 March 2013

Type Uncompleted
Project Owner/ Work Value
of Work Value
Project Name Client (MB)
(MB)
Project Period
Works

1. The Construction and Commissioning of 400,000 E, P, C Ubon Bio Ethanol Co., Ltd. 2,134.10 77.41 Mar 11 Dec 12
Liter per Day Ethanol Plant Project
2. Civil works for Green ABS VI Project E, P, C Thai ABS Co., Ltd. 280.00 23.16 Jan 12 Oct 12

3. Water Treatment Plant E, P, C Electricity Authority of Thailand 20.36 15.62 Sep 11 Oct 13

4. Klong Sai Bridge Project C Department of Rural Roads 14.05 6.93 May 12 Apr 13

5. Sub district Administration Office Building Project C Nakhon Sawan Subdistrict 7.48 7.48 Nov 12 Sep 13
Administration Office

Total 5 Projects 2,455.99 130.61

Type Uncompleted
Project Owner/ Work Value
of Work Value
Project Name Client (MB)
(MB)
Project Period
Works
Civil Work for Bridge, Main road and Drainage, TPARK Ticon Logistics Park Co., Ltd.
E, P, C 163.16 163.16 May 13 Oct 13
Wang Noi 2

49
TRC Middle East LLC’s Sultanate of Oman
Backlog as at 31 March 2013

Type Uncompleted
Project Owner/ Work Value
of Work Value
Project Name Client (MB)
(MB)
Project Period
Works

Construction of Flow Lines Rima Satellites Small Fields E,P,C Petrogas Rima LLC Sultanate of 376.67 215.50(3) May 12 Apr 14
(The extension contract another 2 years, work value Oman
approximately of OMR 4.8 Million
Total 1 Project 376.67 215.50

50
Backlog Conclusion as at 31 March 2013

No. of Remaining
TRC Group the Work Value
Projects (MB)
TRC Construction Public Company Limited 14 1,889.29
Sahakarn Wisavakorn Co., Ltd. 5 130.61

TRC Middle East LLC 1 215.50

TRC Engineering LLC - -

Total Backlog as at 31 March 2013 20 2,235.40

New Awarded Project of SKW in May 1 163.16

Total 21 2,398.56

51
Comparison of ROE with leading contractors

Symbol 2010 2011 2012 1st Qtr 2013


CK -5.85% 15.01% 7.36% 48.16%
CNT 25.41% 10.00% 26.72% 27.08%
EMC -8.06% 2.34% 3.79% 2.81%
ITD 2.77% -17.95% 1.37% 7.40%
NWR 3.63% 6.57% 31.69% 32.52%
PAE -200.66% 166.50% N.A. -269.99%
PLE 12.19% -15.08% -2.40% 9.96%
STEC 10.03% 17.86% 19.12% 20.65%
TRC 30.92% 20.20% 27.02% 19.06%
TTCL 23.23% 24.95% 29.62% 28.50%
UNIQ 9.62% -1.01% 20.98% 22.41%
Source : www.set.or.th 52
Comparison of EPS with Leading Contractors

(Unit : Baht/Share)

Symbol 2010 2011 2012 1st Qtr 2013


CK -0.21 0.56 0.34 3.07
CNT 0.89 0.36 0.93 0.29
EMC -0.12 0.04 0.02 0.02
ITD 0.07 -0.41 0.03 0.08
NWR 0.03 0.06 0.35 0.04
PAE -0.17 0.06 0.44 0.01
PLE 0.3 -0.37 -0.05 -0.03
STEC 0.37 0.76 0.98 0.26
TRC 0.55 0.45 0.72 0.01
TTCL 0.70 0.83 1.14 0.25
UNIQ 0.24 -0.02 0.49 0.1
Source : www.set.or.th 53
Comparison of Gross Profit / Net Profit Margin
with Leading Contractors

2010 2011 2012 1st Qtr 2013


Symbol Gross Profit Net Profit Gross Profit Net Profit Gross Profit Net Profit Gross Profit Net Profit
Margin Margin Margin Margin Margin Margin Margin Margin
CK 2.89% -3.39% 5.40% 6.70% 10.77% 2.54% 10.10% 34.95%
CNT 12.93% 8.58% 6.66% 3.42% 8.86% 6.36% 7.49% 6.84%
EMC -0.09% -3.04% 4.51% 0.61% 3.08% 0.86% 4.59% 2.43%
ITD 6.65% 0.76% 7.14% -3.78% 10.70% 0.27% 10.00% 3.06%
NWR 11.58% 0.33% 3.69% 2.17% 8.31% 7.41% 8.56% 3.28%
PAE -0.13% -17.68% 8.60% 2.54% -11.66% -19.62% -17.84% 6.74%
PLE 6.29% 2.84% 0.79% -3.30% 5.17% -0.62% 2.44% -1.39%
STEC 9.26% 4.74% 8.29% 6.03% 8.32% 5.77% 9.21% 7.15%
TRC 25.92% 12.04% 14.65% 6.59% 10.78% 5.54% 10.73% 1.55%
TTCL 16.28% 6.34% 11.73% 4.44% 11.23% 4.74% 10.44% 3.81%
UNIQ 15.54% 3.92% 15.05% -0.36% 10.11% 8.19% 26.15% 8.10%
Source : Form 56-1 ,www.set.or.th 54
Comparison of Dividend Yield with Leading Contractors

Symbol 2010 2011 2012


CK 0.92% 1.32% 2.61%
CNT 4.02% 12.70% 3.00%
EMC N.A. N.A. N.A.
ITD N.A. 1.38% N.A.
NWR N.A. N.A. N.A.
PAE N.A. N.A. N.A.
PLE N.A. N.A. 2.02%
STEC 0.97% 1.79% 2.02%
TRC 1.44% 4.67% 1.62%
TTCL 3.59% 3.14% 1.24%
UNIQ 2.82 2.71 N.A.
Source : www.set.or.th
55
Agenda

Company Overview

Ongoing and Future Developments

Key Financial Highlights

 Q&A Session

56
57