Page 2
LOGO
1 Company Profile
2 Vision and Mission
3 Business Plan & Investment
6 Question & Answer
Content
5 Forecast for 2015
4 Operating Result for 2nd Quarter of 2015
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LOGO
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 line500, 230, 115 kV
Transmission line230, 115, 69 kV
PRIVATE SUBSTATIONBig Industry > 10 MVA
Transmission line230, 115, 69 kV
MEA’S SUBSTATION ~60 MVA
6.6, 22, 3324 kV
6.6, 3.3416/240, 400/230 kV
Distribution line24, 12/24 kV
Distribution line22, 33 kV
Infrastructure & Housing416/240 V
Industry & Big Building400/230 V
PEA’S SUBSTATION ~60 MVA
Step upTransformerPower Plant
Transmission Line
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LOGO
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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LOGO
230, 500 kVTERMINAL 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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LOGO
HV Gas Insulated SwitchgearAerial Crane Device and
Digger Derrick Unit
Tirathai E&S Co.,Ltd.
Products of TRT E&S
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LOGO Vision
To be a leading transformer manufacturer, distributor andcomprehensive services provider in Asia and Oceania and to seekopportunities of joint venture in related energy business. Thesewill be supported with quality performance serving customer’sdemand on the basis of corporate good governance and socialresponsibility.
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LOGOMissions
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, Integrity 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
Sign Contract : 27-December 2013.
Contract End Date : 30-April 2015.
Started Mobilization to HPC site : May-2015
Taking Over Date : 18 July -2015.
Hongsa Power Plant Project
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Detail Time Schedule
Construction of Factory and office March2015 - January 2016
Installation of machinery and equipment February - April 2016
Test Run May - July 2016
Start the production August 2016
Investment Progress of
New Distribution Transformer Plant
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LOGO
Investment Progress of
New Distribution Transformer Plant
Combined Vapour Phase & Low Frequency Drying Equipment
Cutting Line for Electrical Steel
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LOGOConsolidated financial Statements
Unit: Million Baht 2012 2013 2014 Q2 of 2015 (6M)
Total Revenue 1,956.15 2,534.96 2,163.26 972.24
Revenue from Sales & Service 1,921.16 2,517.89 2,131.63 936.44
Gross Profit 374.57 657.94 508.29 82.49
EBITDA 130.87 320.30 170.24 (71.90)EBIT 82.86 268.35 66.59 (130.11)
Net Profit/(Net Loss) 29.56 177.52 48.36 (103.84)
Total Assets 2,552.24 2,575.98 2,653.19 2,702.06
Total Liabilities 1,496.52 1,391.62 1,478.97 1,651.13
Shareholders' Equity 1,024.27 1,184.36 1,174.22 1,050.93
Financial Ratio
Gross Profit Margin (%) 19.50% 26.13% 23.85% 8.81%
Net Profit (Loss)Margin (%) 1.51% 6.98% 2.24% (13.38%)
Return on Asset (%) 3.71% 10.53% 1.85% -
Return on Equity (%) 2.83% 16.08% 4.10% -
Book Value Per Share
(Par1Baht)3.66 3.85 3.81 3.41
Earning Per Share 0.11 0.58 0.16 (0.24)
Dividend Per Share 0.01 0.30 0.10 -
Stock Dividend Ratio 10:1 - - -
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Customer 2015 (F) 2015 (H1)
-Government 325 39
- Local 635 335
- Export 650 256
- Service 30 26
- Others - 27
Distributing Equipment 100 23
Tank & Steel Fabricate 570 266
Total 2,310 972
Structure of Incomes by Customer 2015 (H1)
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Customer 2011 2012 2013 2014 2015 (F)
-Government 810 645 961 520 325
- Local 676 655 877 736 635
- Export 292 275 277 313 650
- Service 52 134 97 62 30
- Others 53 49 27 39 -
Distributing Equipment
- 151 181 123 100
Tank & Steel Fabricate
- 47 115 370 570
Total 1,883 1,956 2,535 2,163 2,310
Structure of Incomes by Customer
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Product 2011 2012 2013 2014 2015 (F)
- Distribution 1,189 786 1,000 794 575
- Power 589 789 1,115 775 1,035
- Service 52 134 97 62 30
- Others 53 49 27 39 -
Distributing Equipment
- 151 181 123 100
Tank & Steel Fabricate
- 47 115 370 570
Total 1,883 1,956 2,535 2,163 2,310
Structure of Incomes by Product
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LOGO Delivery & Backlog Orders As of 31 July 2015
Customer M’ Baht
MEA Dist. 62
Power 57
PEA Dist. 37
Power 63
EGAT Dist. 6
Power 250
Local Dist. 200
Power 851
Export Dist. 167
Power 585
Other Distributing Equipment
Tank & Steel Fabricate
96
570
Total
2,944
Delivery in 2015 = 2,190 M’Baht
Delivery in 2016 = 754 M’Baht
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LOGO Bids and Quotations in Process as of 31 July 2015
Customer M’ Baht
MEA 1,200
PEA 4,000
EGAT 250
Local 1,700
Export 1,500
Others
(Distributing equipment)
200
Total 9,100
** Expect to receive the above orders approximately 20-25%