20130823 EGCO AnalystBriefing2Q2013 01

8/10/2019 20130823 EGCO AnalystBriefing2Q2013 01

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ANALYSTS BRIEFING : No.3/2013

August 22, 2013

1


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2

Highlights

Q2/2013 Financial Results

EGCO Groups Overview

Highlights Q2/2013 Financial Results EGCO Groups Overview


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3

Highlights

Q2/2013 Highlights

Project Highlights

New Project Acquisition

Post Q2/2013 Highlights

Divestment of EGCO's investment in JV

Signing Power Purchase Agreement



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4

TWF

Chaiyaphum

COD: July 18, 2013

Solarco

Phase 1: Suphan BuriPhase 2-5: Nakhon Pathom

SCOD: December 2013

GIDEC

Songkhla

SCOD: January 2014

XPCL

Xayaburi, Laos PDR

SCOD: January 2019

COD Achievement: 1 project

Under Construction: 4 projects

NED Expansion

Lopburi

COD: May 2, 2013



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5

NEDExpansion

Project Description

Type: Solar Power Plant

Contracted Capacity: 8 MW

Location: Wang Ploeng, Lopburi Province

Shareholders: EGCO 33.33%, CLP 33.33%, DGA 33.33%

Project Progress

- COD on May 2, 2013



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6

Theppana Wind Farm Power Project (TWF)

Project Description

Type: Wind Farm Power Plant

Contracted Capacity: 6.9 MW

Location: Watabak, Chaiyaphum Province

Shareholders: EGCO 90%, PVI Group 10%

Project Progress

COD on July 18, 2013.



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7

Solarco Solar Power Project (Solarco)

Project Description

Type: Solar Power Plants

Contracted Capacity: 6x9.5 MW

Location: Phase 1 - Suphan Buri Province

Phase 2-6 - Nakhon Pathom Province

Shareholders: EGCO 49%, Yanhee Solar Power 51%

Expected COD: September - December 2013

Project Progress

- Most of PV module and main equipment were delivered to site,

construction work is ongoing.

- Ending Q2/2013, the progress of work was from 36.60%

87.60%.



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8

Hat Yai Municipal Waste Power Plant (GIDEC)

Project Description

Type: Municipal Solid Waste Plant

Contracted Capacity: 6.5 MW

Location: Hat Yai, Songkhla Province

Shareholders: EGCO 50%, IEC Green Energy 50%

Expected COD : January 2014

Project Progress

- The construction work for main equipment is ongoing.

- Ending Q2/2013, the progress of work was 85%.



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Xayaburi Power Company Limited (XPCL)

Project Description

Type: Hydropower Project, Run of River

Installed Capacity: 1,285 MW

Contracted Capacity with EGAT: 1,220 MW

Contracted Capacity with EDL: 60 MW

Location: Xayaburi District, Laos PDR

Shareholder: EGCO 12.5%, CK 57.5%, Natee Synergy 25%,

PT Construction and Irrigation Co., Ltd. 5%SCOD: January 2019

Project Progress

- The design and excavation work of the three main structures,

namely Navigation Lock, Spillway and Intermediate Block are

ongoing.

- Ending Q2/2013, the progress of work was 10.13%. 9



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10

Highlights

Q2/2013 Highlights

Project Highlights







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11

Boco Rock Wind Farm (BRWF)

BRWFStage-1

Project Description

Type: Wind Farm Power Plant (Green field)

Installed Capacity: 113 MW

Turbine: Totaling 67 GE Wind Turbine Generators (WTG)

- 58 WTG x 1.7 MW

- 9 WTG x 1.6 MW

Location: New South Wales, Australia

PPA: 15 years with Energy Australia Pty Ltd.

(100% of output purchased by Energy Australia)

Shareholders: EGCO 100%

SCOD: February 2015



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12

Highlights

Q2/2013 Highlights

Project Highlights







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13

Conal Holding Corporation (Conal)

Details of Divestment

Sale all existing EGCOs share in Conal (40% of shares in Conal)

Conal holds the share in:

1) Alto Power Management Corporation, a management company

2) Southern Philippines Power Corporation, a 55 MW diesel power plant

3) Western Mindanao Power Plant Corporation, a 110 MW diesel power plant



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14

Highlights

Q2/2013 Highlights

Project Highlights







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15

New Khanom Power Plant (KN4)

Project Description

Type: Combined Cycle Power Plant


Contracted Capacity: 930 MW

Location: Khanom, Nakhon Si Thammarat Province

Shareholder: EGCO 100%

SCOD: June 2016



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16


Highlights




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17

Million Baht

2,041

+ 251

or

14.02%1,790

6,100

76

4,310

1,714

Power

Generation

Others Gain on

Combination


1,98457

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Q2/2012 Q2/2013


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0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

6M 12 6M 13

4,132

+ 617

or

17.55%3,515

7,825

4,0163,380

116

135

4,310


Power

Generation

Others Gain on

Combination

Million Baht

18


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59 299

(18)

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

6M 20136M 2012

Million Baht

Increase in AP

KEGCO 214

Rayong 36

BLCP (94)

GPG (97)

Operating Performances

BLCP 280 EGCOM Tara 5GEC-SPP 235 Conal (2)

QPL 162 Rayong (2)

EGCO Cogen 150 Roi ET green (14)

NED 24 GPG (33)

SPP3 16 KEGO (119)

SPP4 6 NTPC (194)

ESCO 6 EGCO (221)

Result from Acquisition

QPL 450 SPP5 46

GPS 58 TWF (2)

NED 23 GIDEC (4)

SPP2 46 APPC (19)

SPP3 25 MME (14)

SPP4 18 EGCO (350)

3,574

3,8734,150

2773,515

4,132

4,132

Result from Deferred tax

EGCO 317

KEGCO 6

SPP3 (3)Conal (7)

GEC (9)

BLCP (71)

Rayong (103)

QPL (150)


19


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25%

21%20%

9%

KEGCO 116 MB,2%

ESCO 81 MB, 2%

BLCP 1,223 MB

GPG(KK2) 958 MB

SPP 414 MB(GEC,

EGCO COGEN,ROI-

ET Green)

Note: Excluding EGCO, MME , APPC , GIDEC, TWF

Quezon 1,022 MB

(QPL,QMS,PEPOI)

Conal 33 MB, 1%

8%

8%

3%

ET 67 MB, 1%

NTPC 377 MB

Rayong 167 MB

SOLAR 367 MB(GPS, SPP2-5, NED)


20


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USD 759 M

THB 12,360 M

JPY 314 M

Total Outstanding

(Baht Equivalent)THB 34,470 M

Total Outstanding

As of 30 June 2013

USD 750 M

THB 16,402 M

JPY 314 M

THB 39,340 M

Total Outstanding

As of 31 March 2013

21

AUD 44 M



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Debt23,588

Equity55,156

Debt Equity

Debt

49,619Equity67,555

Debt Equity

0.41

0.28 0.28

0.230.21

0.25

0.70

0.66

0.73

0.150.11

0.18 0.18 0.17

0.23

0.410.39

0.43

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

EGCO+Subsidiaries EGCO only

EGCO + Subsidiaries

Unit: MB

Times (X)

EGCO only

Unit: MB


22


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23

Q2/2013

Beginning B alance of Cash and Deposi ts at f inancia l inst i tut ions 1,217

Net Cash Received from Operating Activities 148

Dividend received from subsidiaries

JVs & Other 2,601

Net Cash Payments in Investing Activities (1,707)

Investment in subsidiaries & JVs (210)

Shareholder Loan (1,315)

Others (182)

Net Cash Payments in Financing Activities (1,547)

Loans from financial institution (net) 405

Interest Payment (241)

Dividend Payment (1,711)

Ending B alance of Cash and Cash Deposi ts at f inancia l inst i tut ions 713


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24


Highlights




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EGCO Groups Overview EGCO Shareholders

Progress of Work

Portfolio and Corporate Strategies



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26* Nuclear Damage Liability Facilitation Fund

TEPCO50%

Mitsubishi

50%

EGAT

25.41%

TEPDIA

23.94%

ThaiInvestors

19.44%

ForeignInvestors

20.88%

NVDR10.43%NVDR

10.33%

As of March 22, 2013

NDF*

50.11%

Others

49.89%



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27


Progress of Work




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28

TP Cogeneration Project (TP Cogen)

Project Description

Type: Cogeneration Power Plant


Contracted Capacity with EGAT : 90 MW

Contracted Capacity with IUs: 20 MW with 50 T/Hr of steam

Location: Ban Pong, Ratchaburi Province


SCOD: June 2016

Project Progress

- In process of EIA study for power plant and natural gas pipeline,

EPC Selection, PPA & SPA negotiation with customer and

conceptual design for natural gas pipeline.

- Other necessary project development activities are ongoing.



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29

SK Cogeneration Project (SK Cogen)

Project Description


Installed Capacity: 125MW

Contracted Capacity with EGAT : 90 MW

Contracted Capacity with IUs: 20 MW with 50 T/Hr of steam

Location: Ban Pong, Ratchaburi Province


SCOD: June 2016

Project Progress


EPC Selection, PPA & SPA negotiation with customer and

conceptual design for natural gas pipeline.




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30

TJ Cogeneration Project (TJ Cogen)

Project Description


Installed Capacity: 125MW

Contracted Capacity with EGAT: 90 MW

Contracted Capacity with IUs: 16 MW with 10T/Hr of steam

Location: Klongluang, Pathum Thani Province


SCOD: June 2017

Project Progress


EPC Selection and conceptual design for natural gas pipeline.




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31

Quezon Expansion Project

Project Description

Type: Coal Fired Power Plant


Location: Quezon Province, The Philippines

Shareholders: EGCO and MPG Corp

Expected COD: Q1/2018

Project Progress

- Development and investment terms are under negotiation.



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Progress of Work




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33

Currently, EGCO Groups portfolio comprises of 19 operating power plants, totalingcontracted

capacity 4,510.32 MWe.


IPPs Renewable

Rayong 1,174.99 1,174.99 NED 63.00 21.00

KEGCO 748.00 748.00 SPP2 8.00 8.00

GPG (Khaeng Khoi 2) 1,468.00 734.00 SPP3 8.00 8.00

BLCP 1,346.50 673.25 SPP4 6.00 6.00

3,330.24 SPP5 8.00 8.00

SPPs GPS (Phase 1-4) 26.00 15.60

EGCO COGEN 110.85 88.68 TWF 6.90 6.21

ROI-ET GREEN 8.80 6.19 72.81

GEC-GCC 107.00 53.50

GEC-NKCC 126.00 63.00 Overseas

GEC-SCC 121.00 60.50 NTPC (Nam Theun 2) 1,070.00 374.50

GEC-GYG 20.20 10.10 QUEZON 460.00 450.80

281.97 825.30

Power Plant MW EquityContracted Cap.

(MW)Power Plant MW Equity

Contracted Cap.

(MW)


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IPPs SPPs Renewable Overseas

Q1/2013

281.97 MWe

66.60 MWe

3,330.24 MWe

851.70 MWe

Total 4,530.51 MWe

IPPs SPPs Renewable Overseas

Current Portfolio

281.97 MWe

72.81 MWe

3,330.24 MWe

825.30 MWe

Total 4,510.32 MWe


Remark: Increase in Renewable portion from TWF; 6.21 MWe

Decrease in Oversea portion from sale of Conal; 26.4 MWe


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Under Construction Potential Project

Solarco 57.00 27.93

GIDEC 6.50 3.25

BRWF 113.00 113.00 250.00

XPCL 1,280.00 160.00

1,234.18

Under Development

TJ Cogeneration 90.00 90.00

TP Cogeneration 90.00 90.00

SK Cogeneration 90.00 90.00270.00

250.00

New Khanom Power

Plant

930.00 930.00

Quezon Expansion

Project500.00

Power Plant MW EquityContracted Cap.

(MW)

Contracted Cap.

(MW)Power Plant MW Equity

35

Currently, EGCO Groups portfolio consists of 5 under construction power plants, 3 under

development projects and 1 potential project, totaling contracted capacity 1,754.18 MWe.

Consequently, EGCO Groups

portfolio will become

6,264.50 MWe.



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36

Under Construction Under Development

Potential Project

Q1/2013

270 MWe

1,150 MWe

197.39 MWe

Total 1,617.39 MWe


Potential Project

Current Portfolio

250 MWe

270 MWe

1,234.18 MWe

Total 1,754.18 MWe


Remark: Increased in Under Construction portion from KN4 and BRWF; 930 MWe and 113 MWe respectively


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37


IPPs SPPs

Renewable Overseas


Potential Project

270 MWe

3,330.24 MWe

281.97 MWe

66.60 MWe

851.70

MWe

197.39 MWe

Q1/2013

Total 6,147.90 MWe

1,150 MWe

IPPs SPPs

Renewable Overseas


Potential Project

Current Portfolio

Total 6,264.50 MWe

3,330.24 MWe

281.97 MWe

72.81 MWe

851.70

MWe

1,234.18 MWe

270 MWe

250 MWe


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EGCO Groups other business portfolio comprises of 5 companies:

38

Absolute Power P Co., Ltd. (APPC) Bio Diesel

Manambang Muara Enim Co., Ltd. (MME) Coal Mining

Eastern Water Resources Development and Management Plc. (EASTW) Water

Company Business Type

EGCO Engineering and Service Co., Ltd. (ESCO) O&M

Egcom Tara Co., Ltd. (Egcom Tara) Water



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New KhanomPower Plant

TP Cogeneration

SK Cogeneration

New KhanomPower Plant

Projects in pipeline

Xayaburi

Hydro Power

TJ Cogeneration

Quezon

Expansion

Potential Projects

Under Development Projects

Under Construction ProjectsSolarco

GIDEC

2013 2014 2015 2016 2017 2018 2019 2020

39

BRWF


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40

Operate power plant portfolio to achieve optimum efficiency

Manage projects under construction to achieve on

time/on budget completion

Secure new investment opportunities in Thailand and Asia

Pacific Region



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Q&A

41


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THANK YOU

42


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43


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44

Q2/2013 Financial ResultsEGCO Groups Overview

As of June 2013, Thailands Power Installed Capacity was 33,141.02 MW.

EGAT 15,010.13 MW

IPP 12,741.69 MW

SPP 2,984.60 MW

IMPORT 2,404.60 MW

Total 33,141.02 MW

45.3%

38.4%

9.0%

7.3%

EGAT IPP SPP IMPORT


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45


* OTHERS = Fuel Oil, Diesel, Renewable

Natural Gas is the primary source of fuel for Thailands Power Generation.

66.7%

16.7%

13.7%

2.8%

NATURAL GAS HYDRO COAL OTHERS*

NATURAL GAS 22,102.19 MW

HYDRO 5,540.78 MW

COAL 4,556.00 MW

OTHERS* 942.05 MW

Total 33,141.02 MW


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46


23,900.21 MW

(May 24, 2011)

26,121.10 MW

(April 26, 2012) + 1.8%

26,598.14 MW

(May 16, 2013)

15,000

20,000

25,000

30,000

2008 2009 2010 2011 2012 2013


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Key Financial Data:

FX Variance MD&A


47

Q2/2012 Q2/2013 +/-

EGCO (40.00) (680.29) (640.29)

Rayong Power Plant (0.04) - 0.04

KEGCO 0.00 0.01 0.01

EGCO Cogen (6.80) (8.19) (1.40)

Roi-Et Green (8.10) (0.85) 7.25

ESCO (3.00) 10.48 13.48

ET - - -

PEPOI (0.35) 1.43 1.78

Quezon 94.33 (11.13) (105.46)

QMS (0.85) 0.45 1.30

SPP2 (0.20) (2.01) (1.81)

SPP3 0.33 - (0.33)

SPP4 0.67 - (0.67)

SPP5 - 0.22 0.22

TWF - (4.01) (4.01)

YEH - (17.78) (17.78)

Total Subs FX 35.99 (711.68) (747.67)

BLCP 510.48 377.18 (133.30)

GPG (87.25) (124.09) (36.84)

GEC(GCC, NKCC, SCC, GYG) (27.63) (36.38) (8.75)

CONAL 1.01 0.38 (0.63)

NTPC 176.87 288.50 111.64

NED (0.03) 0.00 0.03

GPS - - -

APPC - - -

GIDEC - - -

MME - 0.02 0.02

Total JVEs FX 573.46 505.63 (67.83)Grand Total 609.44 (206.05) (815.50)


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* FX gains/losses from Income Statements including financial cost from foreign currency loans (EGCO & Subs) and JVs 48

6M/2012 6M/2013

Debt to Equity (Time) 0.56 0.73Net Debt to Equity (Time) 0.42 0.74

Net Profit before FX* (Million Baht) 7,783.23 4,123.66

EPS (Baht) 6.94 7.68

Operating Cash Flow / share (Baht) 1.38 3.24BV / share (Baht) 125.44 126.81

Financial Ratio Highlights


Key Financial Data:


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49

Segmental Operating Results, Ended June 30, 2013


Key Financial Data:

Subsidiaries Joint VenturesJoint

Ventures

Power Generation Power Generation Others Others

EGCO

Rayong

power

plant

KEGCO EGCO

Cogen

Roi-Et

Green SPP4 SPP3 YEH SPP2 SPP5 TWF QPL BLCP GPG

GCC,

NKCC,

SCC,

GYG

NED CONAL NTPC GPS APPC GI DEC ESCO ET PEPOI QMS MME

Sales of Electricity - 1,110 1,079 1,244 167 23 29 - 31 30 - 4,796 - - - - - - - - - 8,509 - - - - - - 8,509

- Capacity Payment - 1,051 1,046 59 20 - - - - - - - - - - - - - - - - 2,176 - - - - - - 2,176

- Energy Payment - 61 32 1,186 147 23 29 - 31 30 - 4,796 - - - - - - - - - 6,334 - - - - - - 6,334

Sales of Water - - - - - - - - - - - - - - - - - - - - - - - 153 - - - 153 153

Service Income - - - - - - - - - - - - - - - - - - - - - 364 - 169 40 - 573 574

Cost of Sales - 761 679 1,131 81 19 25 - 27 26 - 2,814 - - - - - - - - - 5,563 - 44 - - - 44 5,607

Cost of Services - - - - - - - - - - - - - - - - - - - - - - 249 - 116 31 - 396 396

Gross Profit - 350 399 113 87 5 5 - 4 4 - 1,981 - - - - - - - - - 2,948 115 109 53 9 - 286 3,234

EBITDA (643) 830 739 148 75 70 91 19 93 88 (1) 2,293 2,093 1,515 503 215 161 1,054 139 (15) (3) 9,465 107 97 40 8 (14) 238 9,704

EBIT (667) 278 278 79 66 55 72 19 73 70 (1) 1,883 1,567 1,132 366 167 78 795 100 (15) (3) 6,391 95 89 40 8 (14) 219 6,610

Net Profit before FX (658) 167 115 63 54 35 45 6 47 45 (3) 984 1,223 958 299 119 33 376 73 (19) (4) 3,958 81 67 31 6 (13) 174 4,132

Net Profit (837) 167 115 62 65 35 45 (10) 47 45 (7) 962 1,287 939 292 119 34 459 73 (19) (4) 3,870 80 67 32 7 (13) 174 4,044

6M2013

Grand

Total

Holding

Total

Other

businesses

Total

Power

generation

Subsidiaries


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50

Segmental Operating Results, Ended June 30, 2012


Key Financial Data:

Subsidiaries Joint Ventures

Power Generation Power Generation Others Others

EGCO

Rayong

power

plant

KEGCO EGCO

Cogen

Roi-Et

Green SPP4 SPP3 YEH SPP2 SPP5 TWF QPL BLCP GPG

GCC,

NKCC,

SCC,

GYG

NED CONAL NTPC GPS APPC GI DEC ESCO ET PEPOI QMS MME

Sales of Electricity - 1,090 863 711 191 58 60 - 14 - - 3,226 - - - - - - - - - 6,213 - - - - - - 6,213

- Capacity Payment - 1,015 833 36 26 - - - - - - - - - - - - - - - - 1,910 - - - - - - 1,910

- Energy Payment - 75 31 675 165 58 60 - 14 - - 3,226 - - - - - - - - - 4,303 - - - - - - 4,303

Sales of Water - - - - - - - - - - - - - - - - - - - - - - - 144 - - - 144 144

Service Income - - - - - - - - - - - - - - - - - - - - - - 355 - 164 3 - 523 523

Cost of Sales - 760 714 787 81 18 19 - 5 - - 1,955 - - - - - - - - - 4,340 - - - - - - 4,340

Cost of Services - - - - - - - - - - - - - - - - - - - - - - 240 41 110 2 - 393 393

Gross Profit - 329 150 (77) 110 40 41 - 10 - - 1,270 - - - - - - - - - 1,873 115 103 54 2 - 274 2,147

EBITDA 4,192 801 487 9 94 46 43 (15) 11 - - 795 1,925 1,739 270 146 167 1,266 50 - - 12,027 95 96 40 2 - 232 12,259

EBIT 4,166 243 24 (64) 84 30 26 (15) 11 - - 597 1,411 1,293 134 112 80 1,051 35 - - 9,218 85 85 40 2 - 211 9,429

Net Pr of it befor e FX 3, 927 235 14 (87) 68 11 8 (15) 2 - - 530 1,109 1,087 72 72 41 570 0 - - 7,660 74 62 30 0 - 168 7,828

Net Profit 3,966 235 14 (87) 72 12 8 (15) 2 - - 628 1,262 1,077 71 72 44 620 14 - - 7,994 71 61 30 (0) - 162 8,157

6M2012

Grand

Total

Holding

Total

Other

businesses

Total

Power

generation


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-

5,000

10,000

15,000

2008 2009 2010 2011 2012

2,

249

2,

952

4

,783

2,

127

4,

004

5,

577

5,

643

5,

476

5,

816

5,

311

10,

175

10,

018

10,

036

10,

617

10,

770

8,

960

9,

329

9,

857

8,

813

10,

848

-

-

4,

976

6,

361

5,

770

REGCO KEGCO BLCP KK II NT2

-

10,000

20,000

30,000

2008 2009 2010 2011 2012

3,

894

3,

722

2,

535

2,

258

2,

167

3,

212

2,

319

2,

788

2,

170

1,

762

20,

25

5

17,

909

17,

706

17,

868

18,

505

20,

74

1

22,

506

22,750

22,655

29,

649

-

-

6,

317

7,

672

8,

107

Net Generation

GWh

Electricity Sales

MM Baht

REGCO and KEGCO receive the capacity payment (Rayong Power Plant) or availability payment (KEGCO) for maintaining the availability of the power plants, regardless of whether the electric power will be supplied to EGAT or not.

EGAT is the sole off taker for electricity produced by Rayong Power Plant and KEGCO under long term cost-plus based Power Purchase Agreements (PPAs). 51

Annual Net Generation & Electricity Sales for the Year 2008-2012

Operating Performance (IPPs) :


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Million Baht

52

Major Maintenance Expenses for the Year 2012

Quarter Total

Actual Actual Actual Actual

Spare Parts 0.92 17.06 54.17 12.45 84.60

Service Charge 8.18 25.17 64.60 57.21 155.16

Total 9.10 42.23 118.77 69.66 239.76

Quarter Total

Actual Actual Actual Actual

Spare Parts 13.08 37.40 47.96 29.88 128.32

Service Charge 16.07 33.63 86.38 11.86 147.94

Total 29.15 71.03 134.34 41.74 276.26

KEGCO

Rayong Power Plant

1 2 3 4

1 2 3 4




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53

Million Baht


Major Maintenance Expenses for the Year 2013


Quarter 1 2 3 4 Total

Actual Actual Budget Budget

Spare Parts 10.67 2.12 13.48 0.00 26.27

Service Charge 25.74 23.12 21.49 9.51 79.86

Total 36.41 25.24 34.97 9.51 106.13

Quarter 1 2 3 4 Total

Actual Actual Budget Budget

Spare Parts 19.09 15.93 36.85 115.37 187.23

Service Charge 21.84 33.03 37.11 71.86 163.84

Total 40.93 48.96 73.95 187.23 351.07

Rayong Power Plant

KEGCO


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Operating Performance Equivalent Availability Factor


Rayong Power Plant

Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%)

CCGT #1 99.00 99.95 97.14 98.78 98.91 99.98 88.16 91.57

CCGT #2 98.88 99.95 97.89 98.69 90.76 94.02 97.16 98.10

CCGT #3 98.38 99.35 79.21 90.89 98.91 93.46 97.28 96.51

CCGT #4 99.44 99.87 98.26 98.78 77.72 78.20 69.10 74.91

Rayong Power Plant

Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%)

CCGT #1 81.85 85.83 98.44 99.06 98.80 - 95.90 -

CCGT #2 99.63 99.66 97.60 98.47 82.25 - 96.74 -

CCGT #3 90.19 92.95 97.60 98.44 99.64 - 95.90 -

CCGT #4 99.49 100.00 98.31 99.10 97.87 - 96.65 -

KEGCO

T arget EAF (%) Actual EAF (%) T arget EAF (%) Actual EAF (%) T arget EAF (%) Actual EAF (%) T arget EAF (%) Actual EAF (%)

Barge #1 93.00 88.94 89.27 - - - - -

Barge #2 91.00 98.76 91.00 99.75 91.00 89.78 90.39 99.69

CCGT #3 81.82 86.77 88.60 74.60 88.60 94.40 86.60 93.91

KEGCO

T arget EAF (%) Actual EAF (%) T arget EAF (%) Actual EAF (%) T arget EAF (%) Actual EAF (%) T arget EAF (%) Actual EAF (%)

Barge #1 - - - - - - - -

Barge #2 94.00 99.51 63.01 66.83 78.67 - 92.90 -

CCGT #3 79.87 87.31 80.53 86.88 91.66 - 66.22 -

2012

Plant Type1Q12 2Q12 3Q12 4Q12

2013


2012

Plant Type

1Q12 2Q12 3Q12 4Q12

2013



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Net Generation and Fuel Consumption


Rayong Power Plant

CCGT #1- 4 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13

Net Generation

- By Natural Gas (GWh) 1,138 1,101 1,044 722 979 1,146

- By Secondary Fuel (GWh) 0.160 - - - - 0.170

Fuel Consumption

- By Natural Gas (MMBTU) 9,823,707 9,515,501 9,025,465 6,287,046 8,432,352 9,904,901

- By Secondary Fuel (Million Litre) 0.040 - - - - 0.040

KEGCOBarge # 2 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13

Net Generation

- By Natural Gas (GWh) 141 145 131 146 142 98

- By Secondary Fuel (GWh) - - - - - -

Fuel Consumption


- By Secondary Fuel (Million Litre) - - - - - -

CCGT # 3 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13

Net Generation

- By Natural Gas (GWh) 1,192 983 1,284 1,290 1,162 1,181

- By Secondary Fuel (GWh) - - - - - -

Fuel Consumption


- By Secondary Fuel (Million Litre) - 0.005 0.017 0.004 0.012 0.01

2013

2013

2012

2012


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For further information, Please contact

Investor Relations at Tel. 02-998-5147-8

or E-mail: [email protected]

Documents

20130823 EGCO AnalystBriefing2Q2013 01