BT Wealth Industries PCL · SET:BTW
BT Wealth Industries PCL — Q3 2017 Earnings Presentation
20 slides from BT Wealth Industries PCL's earnings presentation, Dec 7, 2017
Slide 1: 3Q 2017 SET Opportunity Day Presentation
3Q 2017 SET Opportunity Day Presentation 7 Dec 2017
Slide 2: Agenda
Agenda Section 1 About BTW Group Section 2 Business Overview Section 3 Financial Highlights Section 4 Investment Highlights Section 5 Q&A Disclaimer: Information contained in our presentation is intended solely for your personal reference only. In addition, our presentation may contain projections a
Slide 3: Shareholding and Group Structure
Shareholding and Group Structure Solar & other renewable projects Steel Fabrication (to support future project bidding) 99.50% 100.00% 90.00% 100.00% Capacity Best Tech & Engineering Ltd.* Best Tech Industries Co., Ltd. BT and Owl Solar 1 Co., Ltd. Global Clean Energy Co., Ltd. (“Best Tech”) (“BTI”)
Slide 4: Our Business
Our Business BTW Group focuses on achieving our quality commitment by delivering innovative integrated steel fabrication services worldwide Full-scope of project management to deliver high-quality service on time Proven track record across the world High-standard with professional services rec
Slide 5: Agenda
Agenda Section 1 About BTW Group Section 2 Business Overview Section 3 Financial Highlights Section 4 Investment Highlights Section 5 Q&A Page 4
Slide 6: I. Parts Fabrication
I. Parts Fabrication With extensive fabrication shops and fully equipped facilities, BTW Group can fabricate wide-range of Parts Fabrication Piping System Scope of services: Sample of products Materials supply Circulating water system Design & engineering Cooling water system Fabricati
Slide 7: II. Modularization
II. Modularization Peregrino FPSO Modularization project for Deaerator Module and Boiler Module on Peregrino FPSO, a ship-shaped floating oil production, storage and off-take unit, located along the coast of Brazil Page 6
Slide 8: Selective Credential of Modularization
Selective Credential of Modularization BTW Group has strong expertise and high-experience in several international modularization projects Golar Winter Renovation of FSRU Peregrino FPSO Customer: Aalborg Industries Customer: Aalborg Industries Scope of Material supply, Scope of Material supply, Serv
Slide 9: III. Power Plant EPC Contractor
III. Power Plant EPC Contractor Given its strength in project management and foreseeable growth in power supply, BTW Group has diversified business into power plant EPC. . EPC - Engineering, Procurement, and Construction Opportunities Resilient demand for power promoting growth in power supply R
Slide 10: Selective Credential of Power Plant EPC Contractor
Selective Credential of Power Plant EPC Contractor With strong project management skill, BTW Group has become an EPC contactor for power plant projects. 8 MW Waste For Power (W4P) Project 9.2 MW Mahachai Green Power Plant Customer: Crane Renewable Energy Customer: Mahachai Green Power Scope of 8 MW
Slide 11: Agenda
Agenda Section 1 About BTW Group Section 2 Business Overview Section 3 Financial Highlights Section 4 Investment Highlights Section 5 Q&A Page 10
Slide 12: Revenues and Net Profit
Revenues and Net Profit Revenue Net Profit Net Profit Margin Net Profit Margin Y2014 Y2015 Y2016 9M 2016 9M 2017 17.3% 34.6% 5.7% 2.4% -2.9% During Y2014 – Y2015, major revenue and profits came from Modularization work Roy Hills Project For Y2016, revenue and profit decreased due to 1) lower pro
Slide 13: Strong Financial Position
Strong Financial Position Asset Breakdown Liability and Equity Breakdown (THB mn) (THB mn) Short-term loan Cash and investment Operating Liabilities1 Other liability Trade/ other receivables Capital Inventory / Work in progress PPE RE and other SE Other asset 1 Operating liabilities include trade/ o
Slide 14: Key Financial Ratio
Key Financial Ratio Key Financial Ratio Liquidity ratio Y2014 Y2015 Y2016 9M 2017 Current Ratio (times) 1.17 2.65 2.45 3.17 • Best Tech has high liquidity to conduct large Cash Cycle (days) 22.92 43.45 81.18 128.39 size of steel fabrication project and has low Modified Cash Cycle (days) 5.30 16.83 6
Slide 15: Agenda
Agenda Section 1 About BTW Group Section 2 Business Overview Section 3 Financial Highlights Section 4 Investment Highlights Section 5 Q&A Page 14
Slide 16: Backlog
Backlog 3 projects with combined contract value of Baht 389 Backlog as of 30 Sep 2017 = Baht 900 million million (30 Sep 2017 - Baht 321 million Backlog ) EVM2 power plant Modular Crush & Screen Project Customer Alstom Power Inc Place Mexico Scope of Fabrication of Main Steel, Casing, Modules, Servi
Slide 17: Backlog History Q2 2016 to Q3 2017
Backlog History Q2 2016 to Q3 2017 Page 16
Slide 18: Potential Outlook
Potential Outlook • JIS-H Grade certificate from JSAO was awarded in July 2017, BTW can establish a strong footprint in steel fabrication construction industry in Japan which presently has high market demand to support Tokyo 2020 Olympic Games • Mega projects by government sector will stimulate new
Slide 19: Potential Outlook – Lithium mines in Australia
Potential Outlook – Lithium mines in Australia Price & Demand Supply & Production China ‘s Demand Forecast - 2027 Reference: https://www.bloomberg.com/news/articles/2017-10-25/ground-zero-for-lithium-giving-australia-lock-on-global-supply https://www.bloomberg.com/news/articles/2017-08-06/electric-c
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