Unique Engineering & Construction Pcl · SET:UNIQ
Unique Engineering & Construction Pcl — Unique Engineering and Construction Public Company — Investor Presentation (November 2018)
68 slides from Unique Engineering & Construction Pcl's investor presentation, Nov 12, 2018
Slide 1: Investor Relationship Presentation
12 November 2018 200 Jasmine lnternational Tower 15th Floor, Moo 4, Chaengwattana Rd., T.Pakkred, INVESTOR RELATIONSHIP A.Pakkred, Nonthaburi, 11120 PRESENTATION www.unique.co.th ir@unique.co.th
Slide 2: Table of Content
Table of Content Potential Future Projects 2 Interested Projects 30 Current Backlog 33 Financials 35 Experiences 41 Facilities and Machineries 62 1
Slide 3: Government Infrastructure Projects
Government Infrastructure Projects Development of Enhancing Thailand’s 1 4 Inter-City Rail Network Air Transport Competitiveness 670 billion Baht, 25% 89 billion Baht, 3% Development of Transportation in Development of Water 2 Bangkok and its Vicinity 5 Transport Network 1.2 trillion Baht, 44% 100 b
Slide 4: Development of Inter-City Rail Network
DEVELOPMENT OF INTER-CITY RAIL NETWORK 3
Slide 5: Double Track Railway
Double Track Railway Double Track Routes Distance (km.) Value (btbn) Commenced 1. Kaeng Koi – Klong 19 110 10 2. Jira Road Station – Khon Kaen 185 26 3. Lop Buri - Pak Nampho 118 18.7 4. Mab Kabao - Jira Road Station, contract 1 and 3 66 16.9 5. Nakhon Pathom - Hua Hin 170 15.7 6. Prachuap Khiri Kha
Slide 6: Double Track Railway
CHIANG KONG Double Track Railway Khon Kaen - Nong Khai Pai - jakorn Phanom Mab Jira Nr Gion (2) UNIQUE sersseen,
Slide 7: Pan Asian Railway Network
Pan Asian Railway Network Linking Kunming to Singapore Eastern Route • 5,500 kilometers • Via Hanoi, Ho Chi Minh, Panom Penh Central Route • 4,500 kilometers • Via Vientiane, Nong Khai Western Route • 4,760 kilometers • Via Yangon All three routes will meet in Bangkok and Continue to final destinati
Slide 8: East-West Economic Corridor (EWEC)
7 East-West Economic Corridor (EWEC) 7
Slide 9: North-South Economic Corridor (NSEC)
North-South Economic Corridor (NSEC) 8
Slide 10: High Speed Trains
High Speed Trains ® BANGKOK - RAYONG e BANGKOK - CHIANG MAI © BANGKOK - PADANG BESAR e BANGKOK - NONG KHAI (2) UNIQUE sersseen,
Slide 11: High Speed Trains
High Speed Trains Double Track Routes Distance (km.) Value (btbn) 1. High-speed train: Bangkok - Chiang Mai route 680 387.8 2. High-speed train: Bangkok - Nong Khai route 615 170.5 | 3. High-speed train: Bangkok - Padang Besa 982 124.3 4. High-speed train: Bangkok - Rayong 221 100.6 | Total 783.2 >
Slide 12: Development of Transportation in Bangkok and Its Vicinity
DEVELOPMENT OF TRANSPORTATION IN BANGKOK AND ITS VICINITY 11
Slide 13: Bangkok Mass Rapid Transit Lines Map
mercer 3. Dark Green Line (66.5 km.) Ring Roos tions Wet oatucnak Paonia Pahoa Yonia/ A paveantatPias 0: - as ‘Badge, r 5 10. Purple Line (42.8 km itn os PF sieu9n $Suansou sii 7. Ai rt Rail Link (50.3 km. Saunt SlsManmanp _Aancnapik_ Bn Cig rapthong tate oe Wen S ; ong falatan Tatan Tlngchan Seaman
Slide 14: Mass Rapid Transit Lines
12 Mass Rapid Transit Lines Projects Employers Distance (km.) Value (mb.) Status 1. Dark Red Line Rangsit – Mahachai SRT 80.8 140,490 Commenced 2. Light Pink Line Kae Lai – Meenburi SRT 54 82,470 Pending 3. Dark Green Line Lamlukka – Samurprakarn MRTA 66.5 94,970 Commenced 4. Orange Line Talingchang
Slide 15: Tram-Train
Tram-Train Chiang Mai Pattaya • Value = 95,321 Million Baht • Value = 8,000 Million Baht • Distance = 34.93 km • Distance = 8 km Hat-Yai Phuket • Value = 16,100 Million Baht • Value = 30,154 Million Baht • Distance = 12.54 km • Distance = 41.70 km Nakhon Ratchasima Khonkaen Phase 1 (2563-2565) • Val
Slide 16: Improvement of Highway Network to Link Local Production Hubs
Improvement of Highway Network to Link Important Local Production Hubs with Markets in Neighboring Countries 15
Slide 17: Motorway
Motorway Projects Distance (km.) Value (btbn) 1. Motorway Bang Pa In and Nakhon Rachasima Roadways 196 84.6 2. Motorway Bang Yai - Ban Pong - Kanchanaburi Roadways 96 45.9 3. Motorway Pattaya - Mabtapud Roadways 32 18 4, Motorway Nakornprathom - Cha Um Roadways 118 80.6 5. Motorway Had Yai - Sa Dao
Slide 18: Motorways: Bang Pa In - Nakhon Rachasima
Motorways Bang Pa In - Nakhon Rachasima 17
Slide 19: Motorways: Bang Yai - Ban Pong - Kanchanaburi
Motorways Bang Yai – Ban Pong – Kanchanaburi 18
Slide 20: Motorways: Pattaya - Mabtapud
M7 Motorways Pattaya – Mabtapud 19
Slide 21: Motorways
Motorways Motorways Ban Yai – Ban Pong Nakornprathom – Cha Um 20
Slide 22: Motorways: Had Yai - Sa Dao
Motorways sh . Had Yai — Sa Dao aa Had Yai melas . wrelng) } 2 Distance 70 km. ia ~ Value 30.5 btbn 5 - (3h UNIQUE seaenre. 1
Slide 23: Enhancing Thailand's Air Transport Competitiveness
ENHANCING THAILAND’S AIR TRANSPORT COMPETITIVENESS 22
Slide 24: Airport
Airport Suvanabhumi Airport – Phase 2 Don Mueang Airport – Phase 3 • Value = 62,000 Million Baht • Value = 32,000 Million Baht U-Tapao Airport Chiang Mai Airport – Phase 2 • Value = 310,383 Million Baht • Value = 11,000 Million Baht 23
Slide 25: Development of Water Transport Network
DEVELOPMENT OF WATER TRANSPORT NETWORK 24
Slide 26: Deep Seaport
Hettttt+++++—s Existed rail way H+++t+t++++ ~=—s New proposed rail way New proposed 4 lanes roads New proposed roads -———_—S o-— - - Deep Seaport > UNIQUE Besee,
Slide 27: Deep Seaport Project
Bay of farrgal MIDDLE EAST, EUROPE, - Spratly Ieiande DP ARS | rronssitt CHINA ; PACIFIC, * usA, INDIAN OCEAN ” ota Kinabos — Urmamasowhainkaiaey ¢ umiou oy Deep Seaport Project.
Slide 28: Thailand Water Resources Management (Year 2018)
Thailand Water Resources Management (Year 2018) Total Project: 4 projects Total Value: 8.8 Billion Baht Khong Wang Tanot Reservoir: Value = 6.1 Billion Baht Khong Praked Reservoir: Value = 0.96 Billion Baht Khong Hang Maeo Reservoir: Value = 0.82 Billion Baht To develop water resource in Chanthaburi
Slide 29: Eastern Economic Corridor Development project (EEC)
Eastern Economic Corridor Development project (EEC) 28
Slide 30: Eastern Economic Corridor Development Project (EEC)
Eastern Economic Corridor Development Project (EEC) High speed train connecting 3 major airports (Don Muang Airport – Suvarnabhumi Airport – U-Tapao Airport) Value = 200,000 Million Baht Development of U-Tapao Airport Value = 310,383 Million Baht Development of Laem Chabang port phase 3 Value = 155,
Slide 31: UNIQUE's Interest
UNIQUE’s Interest Mass Rapid Transit Double Tracks NSEC & EWEC High Speed Trains Motorways Ports Airports Water Management Eastern Economic Corridor Development project (EEC) 30
Slide 32: Backlogs and Current Projects
BACKLOGS AND CURRENT PROJECTS 31
Slide 33: UNIQUE's Key Projects
UNIQUE’s Key Projects Project Awarde Project Contract Projects Value Note d Year Owner Life (btbn) JV with Kajima Corporation The Industrial Ring Road, Contract 3 2002 1.2 DRR 2002 – 2006 and Tokyu Construction (48% UNIQ) The Ramintra Outer Bangkok Ring Road Expressway, Contract No. 2007 1.7 EXAT 20
Slide 34: UNIQUE's Backlogs
UNIQUE’s Backlogs Employers Value (btbn) Remaining (btbn) 1. The Construction of Mass Transit System Project in Bangkok (Red Line) (I) Contract 1: Civil Works for Bang Sue Grand Station and Depots SRT 37.30 3.72 2. Blue Line Extension Project Contract 3 : Elevated Civil Works Tao Pun - Tha Phra Sect
Slide 35: UNIQUE's Backlogs
Signed The Contract: UNIQUE’s Backlogs The Construction of Track Doubling Project Section: Lop Buri – Pak Nam Pho Signed The Contract: Contract 1: Ban Klab – The MRT Orange Line Khok Kathiam (East Section) Project, (Elevated Railway) 45 Thailand Cultural Contract 2: Tha Khae Centre - Min Buri – Pak
Slide 36: Financials
FINANCIALS 35
Slide 37: Financial Statement (P/L) (Million Baht)
Financial Statement (P/L) (Million Baht) 2014 % 2015 % 2016 % 2017 % 2018(3Q) % Revenue from construction 8,108.70 98.9 10,069.75 99 12,555.45 99.1 12,588.84 99.3 8,930.52 99.56 Total revenue 8,200.15 100 10,182.84 100 12,665.12 100 12,675.20 100.0 8,970.36 100.00 Total cost 6,635.35 80.9 8,274.85 8
Slide 38: Financial Statement (B/S) (Million Baht)
Financial Statement (B/S) (Million Baht) 2014 % 2015 % 2016 % 2017 % 2018(3Q) % Cash and Current Investment 960.8 5.5 330.79 1.74 754.93 3.2 268.54 1.0 936.68 3.19 A/R 4, 550.5 26.3 1,588.74 8.37 1,347.93 5.7 1,076.10 3.9 2,242.97 7.63 Total Assets 17,333.8 100 18,990.49 100 23,735.01 100 27,546.30
Slide 39: Key Financial Graphs
Key Financial Graphs Construction Revenue (btbn) Gross Profit (%) 14 25 12.5 12.5 12 20.6 10.9 19.1 19 19.5 20 17.5 10 8.9 8.1 15 8 6 10 4 5 2 0 0 2014 2015 2016 2017 2018(3Q) 2014 2015 2016 2017 2018(3Q) Construction Cost + SG&A (%) Net Profit (btmn) 90 1000 80.9 81.3 82.5 80.5 79.4 880.48 884.2 80
Slide 40: Key Financial Graphs
Key Financial Graphs Financial Cost (%) Net Gearing 6 1.20 1.14 1.04 4.89 5 1.00 0.86 0.81 4 3.8 0.80 0.74 3.6 3 3 3 0.60 2 0.40 1 0.20 0 0.00 2014 2015 2016 2017 2018(3Q) 2014 2015 2016 2017 2018(3Q) 39
Slide 41: UNIQUE's Key Financial Ratios
UNIQUE’s Key Financial Ratios Liquidity ratio 2014 2015 2016 2017 2018 (3Q) Unit Current ratio 1.2 1.24 1.20 1.17 1.17 Times Quick ratio 1.0 1.05 1.05 0.97 0.91 Times Account receivable turnover 1.1 1.0 0.91 0.78 0.70 Times Debt to equity ratio 2.1 1.9 2.43 2.78 2.93 Times Financial debt to equity r
Slide 42: Experiences
EXPERIENCES (3 UNIQUESaer, at
Slide 43: The Industrial Ring Road (IRR)
The Industrial Ring Road (IRR) 42
Slide 44: The Industrial Ring Road (IRR)
39 The Industrial Ring Road (IRR) 43
Slide 45: SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan
SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan 44
Slide 46: SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan
41 SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan 45
Slide 47: MRT Blue Line Extension Project Contract 3
MRT Blue Line Extension Project Contract 3: Elevated Civil Works Tao Pun – Tha Phra Section 46
Slide 48: MRT Blue Line Extension Project Contract 3
MRT Blue Line Extension Project Contract 3: Elevated Civil Works Tao Pun – Tha Phra Section 47
Slide 49: Mass Transit System Project (Red line) Contract 1
Construction of Mass Transit System Project in Bangkok (Red line) (I) Contract 1: Civil Works for Bang Sue Grand Station and Depots 48
Slide 50: The MRT Green Line (North) Project
The MRT Green Line (North) Project Mo Chit - Saphan Mai – Khu Khot Section Contract 2: Civil Works Saphan Mai – Khu Khot Section and Associated Relevant Utility Relocation Works 49
Slide 51: Mae Ngat – Mae Kuang Diversion Tunnel Project (Contract 2)
Mae Ngat – Mae Kuang Diversion Tunnel Project (Contract 2) 50
Slide 52: Link Road Ratcha Phruek - Kanchanaphisek Road
Link Road Ratcha Phruek - Kanchanaphisek Road (North –South) 51
Slide 53: The MRT Orange Line (East Section) Contract 4
The MRT Orange Line (East Section) Project, Thailand Cultural Centre - Min Buri (Suwinthawong) Contract 4: the Elevated Civil Works 52
Slide 54: The MRT Orange Line (East Section) Contract 6
The MRT Orange Line (East Section) Project, Thailand Cultural Centre - Min Buri (Suwinthawong) Contract 6: Trackwork 53
Slide 55: Track Doubling Project Lop Buri – Pak Nam Pho Contract 1
The Construction of Track Doubling Project Section: Lop Buri – Pak Nam Pho Contract 1: Ban Klab – Khok Kathiam (Elevated Railway) 54
Slide 56: Track Doubling Project Lop Buri – Pak Nam Pho Contract 2
The Construction of Track Doubling Project Section: Lop Buri – Pak Nam Pho Contract 2: Tha Khae – Pak Nam Pho 55
Slide 57: Off Terminal Check-in Building at Phuket International Airport
The Off Terminal Check-in Building at Phuket International Airport 56
Slide 58: Junction between the BRT and BTS station
Construction the junction between the BRT and BTS station (Sathorn Road – Narathiwat Intersection) 57
Slide 59: Ramintra Outer Bangkok Ring Road Expressway, Contract 1 & 2
The Ramintra Outer Bangkok Ring Road Expressway, Contract No. 1 & 2 58
Slide 60: Ramintra Outer Bangkok Ring Road Expressway, Contract 1 & 2
The Ramintra Outer Bangkok Ring Road Expressway, Contract No. 1 & 2 59
Slide 61: Highway Route No.302 Bridge Over Chao Phraya River
Highway Route No.302 (RATANATHIBETH) Section : Bridge Over Chao Phraya River 60
Slide 62: Highway Route No.302 Bridge Over Chao Phraya River
Highway Route No.302 (RATANATHIBETH) Section : Bridge Over Chao Phraya River 61
Slide 63: Facilities and Machineries
Facilities and Machineries 62
Slide 64: Technologies & Facilities: Precast Segment Yard
UNIQUE’s Technologies & Facilities Precast Segment Yard 63
Slide 65: Technologies & Facilities: Heavy Machinery
UNIQUE’s Technologies & Facilities Heavy Machinery 64
Slide 66: Technologies & Facilities: Bored Pile Machines
UNIQUE’s Technologies & Facilities Bored Pile Machines 65
Slide 67: Technologies & Facilities: Steel Works
UNIQUE’s Technologies & Facilities Steel Works 66
Slide 68: Engineering and Construction Public Company Limited
. ra ENGINEERING AND CONSTRUCTION PUBLIC COMPANY LIMITED
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