WHA Utilities and Power Public Company Limited · SET:WHAUP
WHA Utilities and Power Public — Q3 2017 Earnings Presentation
30 slides from WHA Utilities and Power Public's earnings presentation, Nov 14, 2017
Slide 1: Opportunity Day 3Q'17
WHA Utilities & Power Public Company Limited Opportunity Day 3Q’17 14 November 2017 “ Your Ultimate Solution Partner in Utilities & Power with Environmental Care”
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in WHA Utilities & Power Public Company Limited (“WHAUP” and shares WHAUP
Slide 3: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 3
Slide 4: Vision & Mission
I. Company Profile Vision & Mission “To be Asia's leader in Utilities and Power providing total solutions to partners with good corporate governance as well as environmentally and socially friendly VISION operations” • To develop world class utilities and power solutions fitting customer's needs • T
Slide 5: WHAUP is the Flagship Company in Utilities and Power Business of WHA Group
I. Company Profile WHAUP is the Flagship Company in Utilities and Power Business of WHA Group #1 Logistics developers #1 Industrial Estate Developer Exclusive utilities provider To be one-stop service for Built-to-Suit (BTSW): World- in the industrial estates with Data Center developer and
Slide 6: Business Overview
I. Company Profile Business Overview Utilities Business Power Business Sole provider of utilities to manufacturers/ factories in leading Active power investor with strategic partnership with leading Thai industrial estates with a concrete plan to capture increasing and international power companies
Slide 7: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 7
Slide 8: Utilities Business – Business Strategies
II. Utilities Business Utilities Business – Business Strategies 1 To extend our leadership in Industrial Estate Utilities Business • Continue to build up our reputation and trust by improving our service quality and enhancing our research and development (R&D) • Leverage on exclusivity for existing
Slide 9: Utilities Business - Potential Growth
II. Utilities Business Utilities Business - Potential Growth 5Y Aspiration Current Positioning Domestic: Integrated solutions to industrial market, expansion to other market segments Thailand’s leader in industrial water businesses provides approximately 100 million m3 per with world-class operation
Slide 10: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 10
Slide 11: Power Business - Business Strategies
III. Power Business Power Business - Business Strategies Conventional Power 1 To leverage on our extensive strategic partnership with leading developers namely GLOW, GULF, BGRIMM, and continue to enlarge our alliances network Alternative Power 2 To be competent developer in Alternative Power with fo
Slide 12: Power Business - Potential Growth
III. Power Business Power Business - Potential Growth Power and Energy Businesses Conventional Alternative Energy NGD Services Power Power New projects in IEs Exploring opportunity in Energy Solar Rooftop WTE Management IPP SPP Services such as Cogen plant, Glow IPP Boiler, Chiller, 6 SPPs i
Slide 13: Power Business - Well-balanced and High Stability Portfolio
III. Power Business Power Business - Well-balanced and High Stability Portfolio Conventional Power: 537.1 Equity MW Secured Highly reliable off-taker (EGAT)/1 Long-maturity Portfolio By Type of Power Plant By Type of Sourcing Industrial Portfolio Analysis Maturity < IPP 53% Coal 43% Users, 5% 20 Yea
Slide 14: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 14
Slide 15: Financial Highlight 3Q'17
IV. Operating and Financing Performance Financial Highlight 3Q’17 3Q’17 YoY Revenue from Sales and Services (Utilities Business) THB 406.2 mm 9.4% Share of Profit and Dividend Income (Power Business) THB 558.8 mm 162.4% Revenue from Sales and Services + Share of Profit and Dividend Income THB 965.0
Slide 16: Utilities Business Performance
IV. Operating and Financing Performance Utilities Business Performance Solid Operating Performance O P E R AT I N G R E V E N U E THB 404.2 mm 9.1% REVENUE THB 406.2 mm 9.4% 1 Increasing Selling Volume - Increasing in demand of existing customers - Increasing in demand of newly COD 3 SPPs namely Gul
Slide 17: Utilities Business Performance
IV. Operating and Financing Performance Utilities Business Performance • Increasing Selling Volume Avg. Selling Price Volume Growth Increasing in demand of existing customers and newly COD 3 SPPs Growth CAGR2012-2017 CAGR2012-2016 • Increasing Selling Price Increasing selling price in all products 2
Slide 18: Utilities Business Performance
IV. Operating and Financing Performance Utilities Business Performance Revenue from Sales and Services Gross Profit Trend Units: THB mm 35.3% Quarter YTD 29.5% 27.4% 27.9% 1,199.6 25.8% 26.9% 34.2 2014 2015 2016 114.3 985.1 Gross Profit Margin (%) 48.2 196.3 Gross Profit Margin (%) (Exclude Other Ut
Slide 19: Power Business Performance
IV. Operating and Financing Performance Power Business Performance Growth from Acquisition of Power Assets and Completion of Projects under Construction SHARE OF PROFIT AND THB 558.8 mm 162.4% DIVIDEND INCOME 1 Improve of Business and Operation Improvement most of power plants and GHECO-One back to
Slide 20: Power Business Performance
IV. Operating and Financing Performance Power Business Performance Growth from Acquisition of Power Assets and Completion of Projects under Construction GHECO-One HHPC Energy Dispatch Availability Energy Dispatch GWh % AF GWh 94.7% 4,089 85.8% 302 323 3,736 9M'16 9M'17 9M'16 9M'17 9M'16 9M'17 GNLL B
Slide 21: Power Business Performance
IV. Operating and Financing Performance Power Business Performance Growth from Acquisition of Power Assets and Completion of Projects under Construction Share of Profit and Dividend Income totalled at Baht 558.8 million, a 162.4% growth from 3Q2016. Units: THB mm Quarter YTD 1,530.5 5.0 • Completion
Slide 22: Consolidated Performance: Revenue and Net Profit Growth
IV. Operating and Financing Performance Consolidated Performance Revenue and Net Profit Growth Unit : THB mm Quarter YTD 2,730.1 1,530.5 1,444.1 965.0 459.0 1,199.6 584.2 558.8 985.1 1,543.2 212.9 406.2 371.2 569.9 507.2 185.1 3Q'16 3Q'17 9M'16 9M'17 Revenue from Sales and Services Share of Profit a
Slide 23: Consolidated Performance: EBITDA
IV. Operating and Financing Performance Consolidated Performance EBITDA THB 722.8 mm 90.8% Unit : THB mm Quarter YTD 72.9% 3000.0 80.0% 73.6% 70.0% 2500.0 62.0% 60.6% 2,031.3 60.0% 2000.0 50.0% 1500.0 40.0% 897.9 30.0% 1000.0 722.8 20.0% 500.0 378.8 10.0% 0.0 0.0% 3Q'16 3Q'17 9M'16 9M'17 /1 EBITDA (
Slide 24: Consolidated Performance: Net Profit
IV. Operating and Financing Performance Consolidated Performance Net Profit Attribute to Owners of the Parents THB 569.9 mm 207.9% Unit : THB mm Quarter YTD 2000.0 58.0% 55.4% 1800.0 1600.0 1,543.2 1400.0 1200.0 34.2% 30.3% 1000.0 800.0 600.0 569.9 507.2 400.0 185.1 200.0 0.0 3Q'16 3Q'17 9M'16 9M'17
Slide 25: Capital Structure and leverage ratio
IV. Operating and Financing Performance Capital Structure and leverage ratio Strong Financial Position for Potential Growth Total Liabilities and Shareholder’s Equity D/E Ratio Unit : THB mm 1.51x 20,832 18,652 0.72x 8,688 2016 3Q'17 11,233 Net Interest-Bearing Debt/Equity Ratio 1.38x 12,144 7,419 0
Slide 26: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 26
Slide 27: Company Outlook
V. Outlook 2017E Company Outlook The acquisition of water business from WHA Group, adding both new locations and products coverage to the Company’s portfolio, is expected to add approx. 8-10 million m3/yr in 2017 Utilities COD of 4 SPPs is expected to add approx. 3-4 million m3/yr Business Inc
Slide 28: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 28
Slide 29: Shareholders and Management Structure
Appendix Shareholders and Management Structure Shareholding Structure Board of Directors Foreign Institutions Mr. Somyos Anantaprayoon Ms. Jareeporn Jarukornsakul 2% Retail 12% Chairman of Board of Directors Vice-Chairman of Board of Directors Domestic Institutions 12% Mr. David Richard Nardone Mr.
Slide 30: Power Business - Well-Balanced Portfolio with Strategic Location
Appendix Power Business - Well-Balanced Portfolio with Strategic Location Operating Plants Alternative Power Huoay Ho Glow IPP HESIE WHA Gunkul Hydropower IPP Combined Cycle IPP Total MW : 152.0 MW Total MW : 713.0 MW Solar VSPP COD in 1999 COD in 2003 HCIE Total MW : 3.3 MW Locate
WHA Utilities & Power Public Company — Q3 2017 Earnings Presentation on 6ix