START TTW PUBLIC COMPANY LIMITED Factsheet...

Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The statements are based on assumptions and beliefs in light of the information currently available. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Please note that the company and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements. 

COMPANY MILESTONE

Disclaimer

30/130 Moo 12, Buddha Monthon 5 Rd, Rai Khing, Sam Pran,

Nakhon Pathom, Thailand 73210

www.ttwplc.com

TTW Public Company Limited

+66 2019 9490 – 3 Ext. 1108, 1110

+66 2420 6064

ir@ttwplc.com

TTW IR Contacts

Factsheet Q1'2020

TTW PUBLIC COMPANY LIMITED

was selected into "SET100 Index" "SETHD Index" and "SETTHSI Index"* for the period of the First half of 2020 by SET

*"SET announces the results of the semi-annual SET Index series review for the period of the Second half of 2020. For calculating the index during 1 July - 31 December 2020. TTW has been selected for calculations

in the "SET50 index" "SETHD index" and "SETTHSI index". (Published on 15 June 2020)

August: Acquired BIE Rights2008

May: Listed in SETDecember: Second WPSA with PWA

2010

September: FirstExpansion Completed

(Design Cap. = 320K/Day -> 440K/Day)

2007

2006

February: Acquired Water Flow Co., Ltd.July: Converted to Plc.

February: Acquired98% PTW Shares

2011

2014

March: Changed the Company’s Name

to “TTW”

September: Acquired30% CKP Shares

2015

2017

June: The Constructionof 2nd Water TreatmentPlant was completed

(Design Cap. 440K/Day -> 540K/Day)

May: Increased CKPShares and oversubscribed

to 25.13% CKP Shares

2009

2019

September: IncreasedCKP Shares to 24.98%

January: First Day of Sales(Design Cap. = 320K/Day)

July: Official COD

2004

2000

September: Companyestablished and entered

into WPSA with PWA

START

TO BE THAILAND’S LEADING COMPANY IN WATER, ENERGY AND ECO-FRIENDLY BUSINESSES

AWARDS AND RECOGNITIONS

TTW

was classified CG scoring into the "Excellent" from Corporate Governance Report by IOD

was selected as 1 of 100 listed into "ESG100" for the year 2019 by Thaipat Institute (for 4 consecutive years)

was received a credit rating at "AA-" with a "Stable" outlook by Tris Rating

received the "Certificate of SDG Impact Company 2020: Gold Class" by Thaipat Institute

was selected as a listed company engaging in the "THSI Investment 2019" : Market cap. of 30,000-100,000 MB (for 4 consecutive years)

received the "Sustainability Discloser Award 2019" by Thaipat Institute

received 100 Scores (full score) "AGM Checklist 2019" by TIA (for 6 consecutive years)

received the "Thailand Corporate Excellence Awards 2019" for Corporate Management Excellence by TMA

STOCK INFORMATION

FINANCIAL HIGHLIGHTS

Portion of Revenue Total Revenue

TTW 12.70 14.50/11.30

19.20 36.15% 55.06 Billion

BUSINESS HIGHLIGHTS

CURRENT PROJECTS

1,076,000Total Design Capacity

m3/day

The largest private producer of tap water supplied to Provincial Waterworks Authority (PWA)

Net Profit EBITDA

Financial Position Financial Ratios

Dividend PaymentSHAREHOLDING STRUCTURE

1,936*

Accumulated Sales Volume

*From the first day of distribution to Mar 31, 2020.

TTW

2,314*PTW

*The Krathumban Water Treatment Plant (TTW2nd) can be expanded the design capacity up to 400,000 m3/day

mil. m3/day

(Unit: m3/day)Capacity of TTW Group

BusinessService

Contract Type

ContractPeriod

DistributionArea

Design Capacity

SalesVolume

BUSINESS STRUCTURE

(Unit: mil. m3/day)

PTW BIE

TTW Public Company Limited

Produces and distributes tap water

Pathum Thani WaterCompany Limited

Produces and distributes tap water

*2% is ownedby PWA

CK Power Public Company Limited

Power holding company

9,240 MB Registered Capital8,129 MB Paid-up Capital

Thai Water OperationsCompany Limited

Operates tap water and waste water

98%*

68%

32%

24.98%

3,990 MB Registered Capital

1,200 MB Registered Capital

60 MB Registered Capital

60

30

55

TTW Group (%)

TTW

PTW

BIE

Others

*Approximately

*Profit (loss) sharing from investment in associated company decreased by 13.6% YoY

*Repayment of long-term loan & debenture redemption of 500 MB (Feb'20)

*As of 31 Mar 2020

TTW

as of 31 Mar 2020

SET Symbol Last Price (THB) 52-Week High/Low (THB)

P/E Ratio (X) Free Float Market Cap: THB

2019 VS 2018

+3.9%

Q1’2020 VS Q1’2019-2.7%

FY2018 FY2019 Q1’2019 Q1’2020FY2017

8.278.51

8.84

2.09 2.03

2019 VS 2018

+4.9%

Q1’2020 VS Q1’2019

+2.2%

FY2018 FY2019 Q1’2019 Q1’2020FY2017

145.9

158.3

166.1

40.5 41.4

FY2018 FY2019 Q1’2019 Q1’2020FY2017

5,747.4

5,948.5

6,165.6

1,511.31,541.7

(Unit : MB)

FY2018 FY2019 Q1’2019 Q1’2020FY2017

4,699.9

4,901.5

5,269.8

1,269.9 1,177.0

(Unit : MB)

FY2018 FY2019 Q1’2019 Q1’2020FY2017

2,663.2

2,841.9

3,128.0

737.9 637.9

(Unit : MB)

(Unit : MB)

Assets

Equity

Liabilities

31 Dec 2019

23,1

58

10,0

33

13,1

25

31 Mar 2020

23,2

32

9,6

48

13,5

83

ROE (%)

ROA (%)

D/E (x)

NET D/E (x)

FY2018 FY2019 Q1’2020FY2017

22.6

11.5

0.96

0.67

12.3

0.89

0.53

13.6

0.76

0.47

0.71

0.38

23.1 23.419.1

11.0

EPS

DPS

FY2018 FY2019FY2017

0.680.60 0.67 0.60

0.72

0.60

FY2017Particular

EPS (Bt./Share)

FY2019FY2018

0.68 0.720.67

DPS (Bt./Share) 0.60 0.600.60

Dividend/Net Profit 88.7% 83.9%89.8%

Mitsui Water Holdings

(Thailand) Company

Limited

CH. Karnchang Public

Company Limited

Bangkok Expressway

and Metro Public

Company Limited

Thai NVDR

Bangkok Life Assurance

Public Company Limited

Others

3,990 MBRegistered Capital

19.40%19.40%

18.47%18.47%

3.51%

7.00%

25.98%25.64%

At present In the future

TTW2nd* PTWTTW

440,000400,000

100,000

488,000

BIE

48,000

Dividend policy: Dividend payment is not less than 50% of its net profitafter deduction of corporate income tax, statutory reserve, and other reserves required by terms of relevant agreements.

2019 VS 2018

+2.1%

Q1’2020 VS Q1’2019

+3.1%

FY2018 FY2019 Q1’2019 Q1’2020FY2017

135.8145.9

148.9

36.6 37.8

Waste Water Management

Tap water SupplyTap water SupplyTap water Supply

2004 – 2034

BIE (Bang Pa-In Industial Estate, Ayutthaya)

North Bangkok (Pathum Thani – Rangsit)

West Bangkok (Nakhon Pathom – Samut Sakhon)

TW: 48,000 m3/day,

WW: 18,000 m3/day488,000 m3/day*540,000 m3/day

2009 – 203930yrs.

30yrs. 1998 – 2023

BOO Rights (Operating Lease)BOOT

25yrs.

Design Capacity: 440,000 m3/day