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COMPANY PRESENTATION
AUGUST 2016
AGENDA
Company Overview
Business Unit Review
Financial Performance
2
Outlook
AGENDA
Company Overview
Business Unit Review
Financial Performance
2
Outlook
Company Overview
3
LPG Trading
LPG Truck
LPG station
Industrial use
Household
PTTSGPUAC
Trading Process Distribution point
PATHUM Depot
400 Tons
PICHIT Depot
1000 Tons
Just open in 2016Expected Sales 250 Mil Baht/year
Legal stock reserve 500 tonsAverage Sales 210Mil Baht/year
The company purchases LPG fromPTT, SGP, and refineries to sell LPGunder trademark of “Champion Gas”to LPG stations, manufacturers, andfilling plant.
Bangkok
Eastern
Northern
LPG TRADING BY AREA
55%29%
16%
3%Market share in
automotive
96%LPG Station
customer
Company Overview
4
Transportation
Ammonia and others
Providing LPG transportation by truck domestically and internationally (Myanmar, Laos, Cambodia, and Malaysia) with international safety standard.
LPG Transportation
8Six-wheel
Trucks
14
11
Ten-wheel Trucks
Semi-trailer Trucks
We are expanding our client base into other sectors. Transporting Ammonia for PTT
– 1 Ammonia Truck. Transporting structural
fabricated component from our fabrication shop to construction site – 2 Semi Trailer Trucks
TAKUNIPTT
REVENUE BY CUSTOMER
65%28%
Company Overview
Construction and Shop Fabrication
5
Oil and Gas Sector
Construction
Shop Fabrication and Erection
Property Sector
Cool Condominium
Experiences• ThaiOil TLAB / 113Mil.Baht• PTTLNG Terminal Expansion /
83.9Mil.Baht• PTT Asahi ASR / 18.6Mil.Baht• IRPC PPE / 85Mil.Baht• Samsung TSE ATV / 90Mil.Baht
Experiences• WP LPG Terminal / 137Mil.Baht• ThaiOil TLAB / 144.8Mil.Baht• PTTLNG Terminal Expansion /
291.4Mil.Baht• PLE Building Facade/ 21.6Mil.Baht
Our first construction project in property sector with project value of 178Mil.Baht.
18 Staffs
Max. Mob. Capacity of 250 workers
Rayong Fabrication shop 30,000 sq.m.
145 Staffs
Max. Capacity of 3000 workers
Office and workshop 172,000sq.m.
Company Overview
6
Testing and inspection
Customers
Providing safety inspection by non-destructive testing techniques under international instruction by qualified supervisors.
Non-Destructive testing
Most of our customers are using LPG and CNG in which they are subjected to the regulations and must be certified annually.
Transportator 8%
Factory 11%
CNG/LPG Station 31%LPG M7 21%
PTT 18%
Other 11%TYPE OF CUSTOMER
Company Overview
Integrated Services
Customer
LPG Trading
InspectionVehicle Conversion
Construction Transportation
Our Businesses, as mentioned, has provided an One Stop Service for our LPG related customer as well as differentiate us from others.
For example, LPG Station customer, 1) Providing engineering and construction
service including process all permission needed.
2) Supplying LPG including transport LPG to customer station.
3) Providing safety inspection complied with all regulations.
7
AGENDA
Company Overview
Business Unit Review
Financial Performance
2
Outlook
Business Unit Review
LPG Trading
265254
241 247234 241
100
200
300
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16
Revenue (MB) Revenue o Y-o-Y (-5.12%): Increase in LPG volume
(14.27%) ,but Decrease in LPG selling price (16.94%) due to the board of National Energy Policy and LPG price war
o Q-o-Q (+2.99%): Increase in LPG volume (7.23%) ,but Decrease in LPG selling price (3.81%) due to the board of National Energy Policy and LPG price war
12.63
5.69 5.10 4.775.73 6.52
0
5
10
15
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16
Gross Profit (%)Gross Profito Slightly increase Gross Profit from previous
quarter because throughput cost was decreased since February 2016
o In February 2015, the government’s LPG floating policy make one time gain on inventory 5.55% of LPG trading income
8
Business Unit Review
Construction and Shop Fabrication
Civil Construction in Property Sector
Project
Cool Condominium /178Mil Baht / Progress 14%
Civil Construction and Shop Fabrication in Gas and Oil sector
Project
PTT MCS / 450Mil.Baht / Progress 12.3%IRPC PPE / 83.44Mil.Baht / Progress 40.2%PTTLNG STR Installation / 98.93Mil.Baht / Progress 85.3%
20 4381
113
37
209
0
100
200
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16
Revenue by sector (MB)
Oil& Gas
Property
RevenueY-o-Y (+375%) and Q-o-Q (+464%) : Sharply increase from changing the status of investment from associated to be subsidiary
Gross ProfitDecrease in Gross Profit from 18% to 12% due to margin for civil construction and shop fabrication in Gas and Oil sector less than in property sector
9
BacklogProperty Sector
Gas and Oil sector
156 Mil.Baht
407 Mil.Baht
Business Unit Review
Other Business Units
23.88
17.5420.43
25.7422.22 21.08
0
10
20
30
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16
Revenue (MB)
40.229.43
40.82
-14.34
45.6836.67
-20
5
30
55
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16
Gross Profit (%)
Revenue o Y-o-Y (+20.18%): Increase in inspection service
income as number of service increased compare to the same period of 2015
o Q-o-Q (-0.05%): Slightly decrease both in transportation service income and inspection service income
Gross Profito Decreased Gross Profit from previous quarter
because fixed service cost in inspection businesso In December 2015, record allowance for net
realizable value of inventories for vehicle conversion kits amounting of 17.16 Mil Baht or 66.67% of total revenue for other business units
10
AGENDA
Company Overview
Business Unit Review
Financial Performance
2
Outlook
Financial Performance
Consolidated Revenue
262292
338 312 309 315342
386
293
471
0
200
400
600
Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16
Revenue (MB)
0
100
200
300
400
500
Q1'16 Q2'16
Proportion by Business Units
LPG trading Construction Other
79.71%
12.71% 44.35%
51.17%
Consolidated revenue significantly increase (+60.75% for Q-o-Q) because of the business combination of civil construction and shop fabrication in Gas and Oil sector (CAZ Thailand Co. ,Ltd.) since 7 April 2016.
+60.75%
11
Financial Performance
Consolidated Profit
Gross Profit o Gross Profit increase (by 72% for Y-o-Y and 56% for Q-o-Q) because of the increase in proportion of construction service
income, which has higher margin than LPG trading business
Q1’16 Q2’16
Gross Profit Margin 10.44% 10.11%
Net Profit Margin 0.32% 3.97%
11.44%
15.46%
73.10%
Net Profit ProportionQ2' 16
LPG trading
Construction
Other
33.03%
50.74%
Gross Profit Proportion Q2' 16
Net Profito Net Profit increase (by 154% for Y-o-Y and 1910% for Q-o-Q) because net gain from sell of investment in associated
company, renewable energy business, amounting of 11.75 Mil Baht.
12
Financial Performance
Financial Position
Account Payable
Borrowing fromfinancial institutionsOther Liabilities
Equity
10.99%
53.92%32.24%
22.56%
61.73%12.55%
o Increase in Net Asset due to capital paid up (Right Offering) in Jan’16
o Cash increased from capital paid up will be used for new investment
o Sharply increase in Total Asset due to consolidated unbilled receivable from civil construction and shop fabrication in Gas and Oil sector
Assets
o Account Payable increased from unearned revenue for construction contract
o Decreased in Loan from bank as repayment from cash received from paid up capital
Liabilities and Equity
Dec 2015 Jun 2016
Total Asset 770 MB 1,390 MB
Net Asset 415 MB 858 MB
Total Cash 130 MB 307 MB
Net Cash* 90 MB 235 MB
* Total Cash less pledged and restricted bank deposits
770 MB (Dec’15)
1,390 MB (Jun’16)
D/E Ratio : 0.62
Interest Bearing debt: 0.10
13
Financial Highlight
Dividend Policy: Not less than 40% of net profit according to the Company’s consolidated financial statements; however, subject to the necessity of working capital use for business expansion.
Financial Performance
14
Dividend Payment FY2014 FY2015
24.00 MB
0.060 THB 0.033 THB
26.16 MBTotal Dividend
Dividend per Share
Number of Share 400 Mil 800 Mil
AGENDA
Company Overview
Business Unit Review
Financial Performance
2
Outlook
Q & A
14