Sci Electric Public Co. Ltd. · SET:SCI
Sci Electric Public — Q1 2017 Earnings Presentation
28 slides from Sci Electric Public's earnings presentation, Jul 7, 2017
Slide 1: Investor Presentation 1Q2017
SCI ELECTRIC PUBLIC COMPANY LIMITED Investor Presentation 1Q2017 For further information, please contact investor relations unit (ir@sci-groups.com) or visit our website at www.sci-mfgr.com
Slide 2: Content
Content 01 About Us 02 Performance/ Financial Information 03 Business Updates 04 Growth and Opportunity 05 Index 2
Slide 3: Content
Content 01 About Us 02 Performance/ Financial Information 03 Business Updates 04 Growth and Opportunity 05 Index 3
Slide 4: Company Structure
Company Structure Listed entities Subsidiary JV Company Family AG Ajikawa Corp. Public Shareholders 60% 4% 36% SCISCI ELECTRIC PLC. Electric Plc. • Switchboard and cable tray manufacturing • EPC project management 99.998% 99.96% 95% 40% 40% AG&SCIMT SCI Holding SCIMT (Myanmar) T-Utilities SCI Enesys
Slide 5: Historical Milestone
Historical Milestone 2013 1987 • COD of Tadsalen hydropower Founded SCI Electric • Founded SCI Holding Company (Hold 1966 2012 Manufacturer Company with 100% Tadsalen Power Company THB 1mn registered capital Founded as a • Was awarded PDSR1 project in Lao PDR manufacturer of 1988 small electrical •
Slide 6: Products & Services
Products & Services SCI Business Manufacturing EPC Business Renewable Energy 1. Switch Board, Cable Tray and 2. Transmission/Telecom Towers 3. Power Transmission and 4. Renewable Energy Investment Supporting Systems and Galvanizing Service Distribution EPC Projects 1.1 Electrical Switch Board 2.1 Tr
Slide 7: Shareholder Structure
Shareholder Structure AG Ajikawa Corporation 3.5% Foreign Institution 6.5% Family 59.8% 750M Local Institution 7.6% No. of shares Retails 22.6% Note: Data updated as of 13 Mar Dec 2017 7
Slide 8: Content
Content 01 About Us 02 Performance/ Financial Information 03 Business Updates 04 Growth and Opportunity 05 Index 8
Slide 9: 1Q17 Performance
1Q17 Performance Financial Performance Overview Total Revenues Gross Profit Net Profit GM NM 2,500 17.21% 17.11% 2,116.84 18% 1,969.91 2,000 13% 10.57% 1,500 8.84% 8.24% 8% 1,000 590.56 3% 500 359.66 332.52 1.06% 187.06 162.41 61.89 6.26 - -2% 2015 2016 1Q2017 Note: Net profit calculated based on to
Slide 10: 1Q17 Performance: Revenue and Net Profit
1Q17 Performance Financial Performance Key Highlights Total Revenue (MB) Revenue • In 1Q17, revenue increased from sales Total Revenue improvement in switchboard & cable tray business, hydropower and revenue 1,000 819.93 recognition of the new EPC project 800 600 608.08 590.56 590.56 MB (500kV); 400
Slide 11: 1Q17 Performance: Revenue Breakdown
1Q17 Performance Financial Performance Revenue Breakdown Revenue Breakdown (MB) Sales Revenues Services Revenues Others EPC 51.70% 409.17 Towers 32.06% 1Q17 Hydropower 0.82% 299.39 305.34 Others 0.82% 9.19 - Switchboard 14.59% 401.06 263.45 259.54 301.99 280.36 1Q16 2Q16 3Q16 4Q16 1Q17 EPC 3.31% 1Q1
Slide 12: 1Q17 Performance: Statement of Financial Position
1Q17 Performance Statement of Financial Position Key Highlights Current Asset Non Current Asset Equity Current Liability Non Current Liability Asset • In 2016, total assets increased due to: Total Asset 3,191.92 +5.17% – Unbilled account receivables increased from the revenue 73.65 94.52 recognition
Slide 13: 1Q17 Performance: Financial Ratio
1Q17 Performance Financial Ratio Profitability Ratio Earning per Share GM NM ROE EPS (Wt. avg.) 17.21% 17.11% 0.373 15.05% 10.57% 0.217 8.84% 8.24% 8.51% 1.06% 0.32% 0.008 2015 2016 1Q17 2015 2016 1Q17 2015 2016 1Q17 Efficiency Ratio Leverage Ratio ROA DE DE (Int) 7.74% 0.64 0.56 0.55 5.47% 0.14 0.0
Slide 14: IPO Proceed Utilisation
IPO Proceed Utilisation IPO Date 13 October 2015 IPO Price THB 5.90 No. of Allotted Shares 187.5 mn shares (25%) Capital Raising THB 1,066.54 mn IPO Proceed Utilisation Amount Received (MB) Amount Spent (MB) Outstanding (MB) 1. Repay loans from financial institutions 100 100 0 2. Build a manufacturi
Slide 15: Content
Content 01 About Us 02 Performance/ Financial Information 03 Business Updates 04 Growth and Opportunity 05 Index 15
Slide 16: Business Updates: Tower Plant in Myanmar
Business Updates Transmission Tower and Telecom Tower Manufacturing Plant in Myanmar Project Setting up a tower manufacturing plant in Myanmar Target Revenue - US$15mn/ year Capacity 7,500 tons/year PRICE COMPETIVIENESS Ownership: SCI 95% , Local partner 5% Low material & labor cost, FDI benefits, S
Slide 17: Business Updates: T-Utilities Company
Business Updates T-Utilities Company (TU) Project JV Company to invest in renewable energy and utility T-Utilities Scope of Investment 1 Ownership: SCI 40%, Property Perfect 40%, Individual founder 20% Greenfield Investment • Invest to develop entirely new project (i.e. build a project starting from
Slide 18: Business Updates: SCI Enesys Company
Business Updates SCI Enesys Company Project JV Company to manufacture “Connecting Box” and supply switchboard and cable tray Tokyo Energy & SCI Electric Plc. TYK (Thailand) System Inc. Capacity N/A 40% 40% 20% Ownership: SCI 40%, Tokyo Energy & System 40%, TYK 20% SCI ENESYS Total Investment: THB 10
Slide 19: Project in Pipeline: 500kV Transmission Line EPC (Route1)
Project in Pipeline 500kV Transmission Line EPC Project (Route1) Project Description Project: Power Transmission Line and Substation (Route1) Location: Muang Houn – Muang Nan, Lao PDR MUANG HOUN Type: EPC project Project Value: USD 416.6 mn MUANG NAN XIANG KHOUNG Contract Period: 46 months Project M
Slide 20: Potential Project: 500kV Transmission Line EPC (Route2)
Potential Project: 500kV Transmission Line EPC Project (Route2) Project Description Project: Power Transmission Line and Substation (Route1) Location: Muang Nan – Xieng Khoung, Lao PDR MUANG HOUN Type: EPC project Project Value: USD 306.3 mn MUANG NAN XIANG KHOUNG Contract Period: 46 months Project
Slide 21: Potential Project: Power Distribution & Rehabilitation (Phase2)
Potential Project: Power Distribution & Rehabilitation (Phase2) Project Description Project: Power Distribution System and Rehabilitation 2 (PDSR2) Location: Lao PDR (Vientiane, Thakhek, Savannakhet and Pakse) Type: EPC project Project Value: USD 67 mn Contract Period: 28 months Project Milestone VI
Slide 22: Content
Content 01 About Us 02 Performance 03 Business Updates 04 Growth and Outlook 05 Index 22
Slide 23: Business Outlook: Switchboard & Cable Tray
Business Outlook: Switchboard & Cable Tray More Government Investment Means More Demand For Our Products • Thai government has announced Bt 2 trillion for investing in infrastructure projects in the next 8 years (2015 to 2022), which includes significant investment in Mass Transit System (BTS, MRT),
Slide 24: Business Outlook: Transmission Tower
Business Outlook: Transmission Tower Continuous Elevation In Electricity Demands Requires Further Expansion And Authorities allocate a massive budget to upgrade, replace and expand its transmission Improvement In Electrical System line and system • For 3M2017, whole country electricity consumption i
Slide 25: Industry Outlook: Lao PDR
Industry Outlook: Lao PDR Laos PDR in Focus Laos Electricity Facts • Expecting to export 100MW electrical power to Malaysia by Sep 2017 INSTALLATION TRANSMISSION LINES • Expecting to export another 100MW of power to Singapore by 2020 Laos plans to install 54 more Laos has some 53,000km of • Expectin
Slide 26: Industry Outlook: Myanmar
Industry Outlook: Myanmar Government Plan to Increasing Installed Capacity and Upgrading Transmission and Limitations in Transmitting Electric Power to Consumers in Myanmar… National Grid Distribution Infrastructure to Match the Increasing Demand Lines are Old and Infrastructure is Lacking • Myanmar
Slide 27: SCI Future Plan
SCI Future Plan VISION: To be ASEAN Leading Manufacturer and Contractor of High Voltage Power Transmission and Distribution as well as an Investor in Energy and Utilities. Where is SCI in 5 Years Mekong region: LONG-TERM (>10yrs) • EPC Projects • 10% • JV and MA contribution with potentialfrom partn
Slide 28: Thank You
THANK YOU SCI Electric Public Company Limited
SCI Electric Public Company — Q1 2017 Earnings Presentation on 6ix