analyst meeting 1/2019 - listed...
TRANSCRIPT
Analyst Meeting 1/2019TTW Public Company Limited
Agenda
Company Overview
Operating and Financial Performance
2To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Company Overview – Current Project
3To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Developer TTW PTW TTWProject Tap water Supply Tap water Supply Tap Water & Waste Water Management
Contract Type BOO BOT Rights (Operating Lease)Contract Period 2004 – 2034 (30 yrs.) 1998 – 2023 (25 yrs.) 2009 – 2039 (30 yrs.)Business Model Whole sale to PWA Whole sale to PWA Retailers
Investment Scheme Production, Transmission and Distribution Production and Transmission N/ADistribution Area West Bangkok North Bangkok BIE
Max. Capacity *540,000 m3/day 488,000 m3/day TW: 48,000 m3/day, WW: 18,000 m3/day
Pathum Thani Water Treatment Plant Bangpa-in Industrial EstateBanglen Water Treatment Plant
*Max. Cap. 440,000 m3/Day
Krathumban Water Treatment Plant
*Max. Cap. 100,000 m3/Day
45
39
16
Samut Sakhon – Nakhon Pathom (%)
Industry Household Commercial
Company Overview – Portion of Water Users
4To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
22
61
18
Pathum Thani - Rangsit (%)
Industry Household Commercial
Top Users / Portion of Water Users : As of Dec 2018
Serving over500,000 Water Users
or Millions of Lives
• Thai Union Group• Pataya Food Industries• Pakfood• Unicord• Better Foods
etc.
• Nadee Municipality (Waterworks)• Mahidol University• Samut Sakhon Hospital• etc.
• Klongluang Utilities• Greensport• Thainamthip Manufacturing• Elec & Eltek (Thailand)• NEO Factory • etc.
• Future Park Rangsit• Rangsit University• Asian Institute of Technology• NSTDA• Bangkok University
etc.
• Lumpini Township Condominium Rangsit-Klong 1
• Plum Condo Paholyothin 89etc.
Agenda
Company Overview
Operating and Financial Performance
5To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Operating & Financial Performance – Portion of Revenue
6To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
60
30
55
TTW Group (%)
TTWPTWBIEOthers
Operating & Financial Performance
TTW Sale Volume Location TTW
Period 2018 2017
Utilization (%) 80 74
TTW Sale Volume on 2018 vs 2017 increased by 8.5% TTW Sale Volume on Q4’2018 vs Q4’2017 increased by 6.3%
7To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Year
136 139 138 138 146158
0
40
80
120
160
2013 2014 2015 2016 2017 2018
mil.cu.m.
8.5%+
Year
34 34 33 3338
0
40mil.cu.m.
6.3%+20
40
Operating & Financial PerformancePTW Sale Volume Location PTW %
ChangePeriod 2018 2017
Utilization (%) 82 76 +7.9
PTW Sale Volume on 2018 vs 2017 increased by 7.5% PTW Sale Volume on Q4’2018 vs Q4’2017 increased by 6.3%
8To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
+
Year
137 134 133 131 136146
0
40
80
120
160
2013 2014 2015 2016 2017 2018
mil.cu.m.
7.5%
Year
35 33 33 32 35 37
0
40mil.cu.m.
6.3%+20
Operating & Financial Performance
BIE Sale Volume Location BIE % ChangePeriod 2018 2017
Utilization (%) 49 48 +2
BIE Sale Volume 2018 vs 2017 increased by 2.9% BIE Sale Volume on Q4’2018 vs Q4’2017 increased by 2%
9To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
2.9%+
Year
6.907.73 7.73 7.67
8.27 8.51
0
2
4
6
8
10
2013 2014 2015 2016 2017 2018
mil.cu.m.
Year
0
0.5
1
1.5
2mil.cu.m.
2%+1.94 1.97 2.00 1.99 2.14 2.19
Operating & Financial PerformanceFinancial Performance
10
5,622 5,574 5,499 5,747 5,949
2,974 2,697 2,492 2,6632,842
2014 2015 2016 2017 2018
Total Revenue Net ProfitUnit : Mil.Bt
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
1,501 1,484
674 678
Q4'2018 Q4'2017
Total Revenue Q4’2018 vs Q4’2017 increased by 1.1%
Net Profit Q4’2018 vs Q4’2017 decreased by 0.6%
Q4’2018
Total Revenue 2018 vs 2017 increased by 3.5% Net Profit 2018 vs 2017 increased by 6.7% The Net Profit for the year increased by 178.7 MB mainly due to increase in sale volumes,
profit sharing from investment in associated company, and decrease in the finance cost.
2018 vs 2017
Operating & Financial PerformanceHistorical Dividend Payment & Payout Ratio
11
(Bt./share)
0.65
0.69
0.62
0.60
0.680.67
0.60
0.65
0.60 0.60 0.60 0.60
2013 2014 2015 2016 2017 2018
EPS DPS
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Dividend Yield 4.88%(@12.30 baht per share / as of Sep 14, 2018)
Dividend policy : dividend payment not less than 50% of net profit. (after deduction of all reserves required by law and regulations)
Year
Particular 2016 2017 2018Net profit
- Amount (MB.) 2,391 2,699 2,667
- EPS (Bt./share) 0.60 0.68 0.67DPS (Bt./share)
- Dividend#1 (Interim) 0.30 0.30 0.30
- Dividend#2 0.30 0.30 0.30Total DPS 0.60 0.60 0.60Dividend amount (MB.) 2,394 2,394 2,394Dividend / Net profit 100.0% 88.7% 89.8%
Operating & Financial Performance
Financial Ratios
12To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
23.8%26.6%
23.6%21.6 22.6% 23.1%
10.5% 12.1% 10.5% 9.5%
11.5% 12.3%
2013 2014 2015 2016 2017 2018
ROE ROA
1.23 1.161.33
1.23 0.96
0.89
2013 2014 2015 2016 2017 2018
Debt to Equity
NPM47.8%
CFO3,844.1 Mil.B.
EPS (B./Share)
0.67P/E (Times)
17.39P/BV (Times)
4.24As of 31 Dec 2018
EBITDA4,894.7 Mil.B.
23,330
10,966
12,365
Assets
Liabilities*
Equities
*The total liabilities decreased by 433.6 MB mainly due to loan repayment.
Q & A
Download the Full Presentation
Address : 30/130 Moo 12, Buddha Monthon 5 Rd, Rai Khing, Sam Pran, Nakhon Pathom, Thailand 73210
Tel : +66 2019 9490 – 3 , +662019 9484 – 9 Ext : 1108, 1110 Fax : +66 2420 6064Web Site : www.ttwplc.com
E-mail : [email protected]
บริษัท ทีทีดับบลิว จ ำกัด (มหำชน)TTW Public Company Limited
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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