Opportunity Day FY th March 2017 Stock Exchange of Thailand

Transcription

1 Opportunity Day FY th March 2017 Stock Exchange of Thailand

2 Agenda Company Overview Business Outlook Financial Performance Q&A 2

3 Company Overview 3

4 System Overview 4

5 Products & Services Manufacturing Products o ASEFA Modular Switchboard o Licensed Type Tested Switchboard o Metal Trunking o Luminaire Supplied and Distributed Products o o o o Electrical and Control Electrical Power Distribution Lighting and Equipment MI Cable Service o Integrated Engineering Services o After Sales Services 5

6 Products & Services Manufacturing Products ASEFA Modular Switchboard MV Modular SF6 Switchgear MV/LV Compact Substation LV Main Distribution Switchboard (MDB) LV Sub Distribution and Final Distribution Switchboard (SDB) Double Safety Door Switchboard Capacitor Bank Motor Control Center Control Automation Board Console & Control Desk and Control Box Capacitor Bank Licensed type Tested Switchboard Medium Voltage Metal Clad Switchboard : NEX 24 Medium Voltage Metal Clad Switchboard : NEX 17.5 Low Voltage Switchboard BLOKSET MV/LV Prefabricated Substation : BIOSCO Automation Transfer Switch with Bypass : ATS-Bypass Metal Trunking Wireway CableTray CableLadder Flush floor Under Floor Ducts Perforated Trunking Luminaire Louver Diffuser Batten Industrial 6

7 Products & Services Supplied and Distributed Products Electrical and Control Switching Device Protection Equipment Control Equipment Signaling and Regulating Equipment Electrical Power Distribution Ring Main Unit : RMU Transformer Bus duct Load Center, Consumer Unit and Safety Switch Uninterruptible Power Supply: (UPS) Lighting and Equipment Indoor Lighting Industrial Lighting Road Lighting Façade Lighting Sport & Area Lighting Emergency Lighting & Exit sign Lighting for Energy Saving Lighting Solutions and Design MI Cable 7

8 Products & Services Services Integrated Engineering Services Electrical Power Distribution Solution Data Center and Redundancy Electrical Power System Energy Management and Monitoring System Automation and Communication System After Sales Services Power Quality Solution Lighting Solution Modification and Upgrade Preventive Maintenance and Spare Parts Management 8

9 Completed Project Highlights in H2/2016 AOT System Modification Project MRT-Blue Line Extension project FabrinetProject The Central Festival Pattaya King Power Phuket Project Air Force Academy Project Chaiyaphum Wind Power Plant Construction Project (Chaiyaphum Wind Farm) Mitr Phol Biomass Power Plant Project Supernap Data Center Project Tung Sang Green Biomass Power Plant Project 9

10 Ongoing Project PTT gas stations (102 stations) Seagate Korat new drive building 6 Iconsiam Project PEA Substation Project TCCT Bangna Data Center (BNDC) Project Lom Ligor Wind Farm Project PPP Green Energy Project Lam Ta Kong Wind Farm Project Roi-Et Hospital Project 10

11 Revenues from sales and services by Segment Y2015 = 2,550 MB. 365 MB. 14% 177 MB. 7% 371 MB. 15% 1,637 MB. 64% Manufacturing Products Supplied and Distributed Products Services Power plant Demolition Y2016 = 2,800 MB. 82 MB. 3% 296 MB. 11% 435 MB. 16% 1,986 MB. 71% 11

12 Business Segment by Customer Group Y2015 = 2,373 MB. 6% 13% End User General Contractor Trader 38% Mechanical & Electrical Contractor 43% Mechanical & Electrical Contractor General Contractor Y2016 = 2,717 MB. End User 18% Trader 8% Mechanical & Electrical Contractor End User Trader and System Integrator 43% General Contractor 31% Note: Excluding Power plant Demolition 12

13 Market Segment by Customer Y2015 = 2,373 MB. 22% 10% 8% 4% 10% 10% 21% 15% 1% Y2016 = 2,717 MB. 9% 7% 24% 12% 13% 19% Commercial Building Industry Data center and Telecommunication Residential Infrastructure & Power Generating Plant Others 15% Health Care and Hospital Government Office & Education Center Note: Excluding Power plant Demolition 13

14 Business Outlook 14

15 Competition Strategies A wind variety of products to meet the needs of the customer Building good relationship with business partners Competition Strategies Product is operated under top quality standards Great experience and readinessof our expert teams Ensure customer satisfaction, fast problem solutions by our after-sales service 15

16 Investment and Plans พนธมตรทางธ รกจ จดตงกจการรวมคา (Establishment of a Joint Venture) จดตงกจการรวมลงทน (New Business Partners) (Establishment of Joint Investment) บนทกขอตกลงความรวมมอ (Memorandumof cooperation) ตลาดใหม (New Market) ผลตภณฑใหม (New Products) ชองทางการจด จาหนายใหม (New channels) นาเสนอสนคาและบรการใหม (New Products & new Services) กลมสนคา Smart Grid / Data Center / Control Automation / Energy Saving /Airport Lighting Electrical System ขยายกลมลกคาสสาขาตางจงหวด และ กลมประเทศ AEC ผานสาขารอยตอ ชายแดน (Customer expansion to upcountry and AEC group) การรวมกลมผลตภณฑเสนอเป น Solution (Product solution offering) 16

17 Financial Performance 17

18 Financial Performance Revenues from sale and service Revenuesfrom sale andservice by segment MB. 3,000 2,500 2,000 1,500 1, ,064 2,117 1,693 2,550 2, % 75% 50% 25% 6% 32.98% 60.68% 8% 23.28% 68.92% 15% 17.61% 67.69% 7% 14% 14.53% 64.22% 3% 11% 15.54% 70.95% % % YOY % QOQ +9.81% YOY 2,550 2,800 Manufacturing Product Services Supplied and Distributed Products Power Plant Demolition Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 YE15 YE16 Key Highlights : Revenue increased by MB. or by 9.81% compared to the same period last year - ManufacturingProduct increased349 MB. or by 21.32% - Supplied& DistributedProducts increased by64.52 MB. or by 17.41% - The Bangpakong power plant demolition project decreased by MB. or by 18.88%,due to the company has delayed the sales of iron and copper materials, the decision of which was influencedby the price-dropin the world market 18

19 Financial Performance Gross Margin MB. 3,000 2,500 2,000 1,500 1,000 2, % 1,614 2, % 1,602 1, % 1,310 2, % 1,980 2, % 2,096 30% 25% 20% 15% 10% Key Highlights : Gross profit increased by MB. or by 25.14%, increased 2.79% compared to the same period last year. Company having more effective measures in cost management, cost of project and cost control % % Revenue Cost Gross Margin % YOY % QOQ % YOY %GP 20.90% 21.64% 20.21% 26.60% 25.53% 24.70% 24.70% 25.60% 22.35% 25.14% Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 YE15 YE16 19

20 Financial Performance Net Profit and Net Profit Rate MB. 6.99% % % % % 14% 12% 10% 8% 6% 4% 2% 0% Key Highlight : Net profit was MB., increased by MB. or by 39.41% compared to the same period last year.net profit margin rate was 10.24% increased by 2.17% compared to the same period last year % YOY % YOY % QOQ GP% 5.67% % 8.99% 9.90% 10.10% 8.86% 10.68% 11.19% 8.07% 10.24% Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 YE15 YE

21 Assets Liabilities MB. 2,2582,253 2,400 1,7381,727 2,100 1, , , , Cash+ARInventoryOtherPP&E MB. 1,180 1,115 1, , LoanAPOther ,200 1, ,256 1,421 Equity MB. Shareholders Equity Financial Performance 21

22 Financial Performance Returns on Equity Shareholders s Returns(ROE) Returns from Assets(ROA) 1,500 1,250 1, MB % 37.82% % 21.44% % , Net profit Shareholders's Equity ROE 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 2,500 2,000 1,500 1, MB % 16.18% 15.84% 14.06% 9.73% 2,256 1,992 1,546 1,732 1, Asset Net profit ROA 20.00% 16.00% 12.00% 8.00% 4.00% 0.00% Debt per Shareholders s Equity (D/E) MB. 1,750 1,500 1,250 1, , , ,257 1, , Liabilities Shareholders'Equity D/E Rate 22

23 Backlog MB. 2,000 1,800 1,600 1,400 1,200 1, , ,812 1,814 1,822 1, ,197 1,139 1,081 1,007 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Manufacturing Trading Service Note: Excluding Power plant Demolition 23

24 Disclaimers This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. ASEFA has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and ASEFA does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. 24

25 Q&A