WHA Utilities and Power Public Company Limited · SET:WHAUP
WHA Utilities and Power Public — Q2 2017 Earnings Presentation
31 slides from WHA Utilities and Power Public's earnings presentation, Aug 18, 2017
Slide 1: Opportunity Day 2Q'17
WHA Utilities & Power Public Company Limited Opportunity Day 2Q’17 18 August 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: Flagship Utilities and Power Business of WHA Group
I. Company Profile Flagship Utilities and Power Business of WHA Group Listing Business #1 Logistics developers #1 Industrial Estate Developer #1 Industrial Estate Utility To be one-stop service for Built-to-Suit (BTSW): World- Provider Data Center developer and More than 45,000 Rai class
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 Potential Growth Industrial Product Non-Industrial Product Industrial Estates Non-Industrial Estates Existing WHA-Hemaraj New WHA-Hemaraj New Products Industrial Estates Industrial Estates/ Other Municipal Water Industrial Market Recycled
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 Potential Growth Commercially Operating Construction and Local Expansion International Expansion Conventional Power Pre-Investment • Develop captive Co-Generation • Focus in CLMV power pants small power • Power for Industrial Users plants with st
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 2Q'17
IV. Operating and Financing Performance Financial Highlight 2Q’17 2Q’17 YoY Revenue from Sales and Services (Utilities Business) THB 405.5 mm 0.0% Share of Profit and Dividend Income/1 (Power Business) THB 695.9 mm 246.1% Revenue from Sales and Services + Share of Profit and Dividend Income/1 THB 1,
Slide 16: Utilities Business Performance
IV. Operating and Financing Performance Utilities Business Performance Solid Operating Performance OP E R AT I N G RE V E N U E THB 383.6 mm 7.1% RE V E N U E THB 405.5 mm 0.0% 1 Increasing Selling Volume New customers, especially from newly COD SPPs despite planned maintenance of petrochemical cust
Slide 17: Utilities Business Performance - Volume and Price
IV. Operating and Financing Performance Utilities Business Performance • Increasing Selling Volume Avg. Selling Price Volume Growth New customers especially from newly COD SPPs despite planned maintenance of petrochemical customers. Growth CAGR2012-2017 CAGR2012-2016 • Increasing Selling Price Incre
Slide 18: More Scope of Business from Acquisition in 2016
IV. Operating and Financing Performance Utilities Business Performance Location Water Type Transfer Date More Scope of Business from HEIE Raw Water/ Wastewater Acquisition in 2016 HESIE Raw Water/ Wastewater • Acquisition of Raw Water, Industrial Water and Wastewater Treatment Services from WHA Grou
Slide 19: Utilities Business Performance - Revenue and Gross Profit
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% 25.8% 26.9% 793.5 2014 2015 2016 32.3 Gross Profit Margin (%) 76.3 Gross Profit Margin (%) (Exclude Other Utilities) 613.9 127.4
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 SH A R E OF PR O F I T AN D THB 695.9 mm 246.1% DI V I D E N D IN C O M E Improve of Business and Operation 1 Improvement most of power plants and
Slide 21: Power Business Performance - Plant Dispatch
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 93.5 GWh 2,673 % 78.6 253 2,273 % 203 6M'16 6M'17 6M'16 6M'17 6M'16 6M'17 GNLL
Slide 22: Power Business Performance - Share of Profit
IV. Operating and Financing Performance Power Business Performance Growth from Acquisition of Power Assets and Completion of Projects under Construction /1 Share of Profit and Dividend Income totalled at Baht 695.9 million, a 246.1% growth from 2Q2016. Units: THB mm Quarter YTD • New Acquisition in
Slide 23: Revenue and Net Profit Growth
IV. Operating and Financing Performance Consolidated Performance Revenue and Net Profit Growth Unit : THB mm Quarter YTD 1,765.1 971.6 1,101.4 859.9 695.9 246.0 793.5 606.7 201.1 613.9 700.8 405.5 973.3 405.7 260.2 322.1 2Q'16 2Q'17 6M'16 6M'17 /1 Revenue from Sales and Services Share of Profit and
Slide 24: Consolidated Performance - EBITDA
IV. Operating and Financing Performance Consolidated Performance EBITDA THB 863.0 mm 111.8% Unit : THB mm Quarter YTD 77.1% 72.5% 66.0% 59.7% Increased mainly 1,308.5 from Share of Profit 863.0 519.1 407.4 2Q'16 2Q'17 6M'16 6M'17 /1 EBITDA (THB mm) EBITDA Margin (%) Remark: /1Consolidated EBITDA fro
Slide 25: Consolidated Performance - Net Profit
IV. Operating and Financing Performance Consolidated Performance Net Profit Attribute to Owners of the Parents THB 700.8 mm 169.4% Unit : THB mm Quarter YTD 62.6% 53.9% 973.3 42.2% 700.8 37.0% 322.1 260.2 2Q'16 2Q'17 6M'16 6M'17 Remark: Net profit margin is calculated by dividing the Net Profit attr
Slide 26: 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 20,329 18,652 0.76x 8,751 2016 2Q'17 11,233 Net Interest-Bearing Debt/Equity Ratio 1.38x 11,578 7,419 0
Slide 27: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 27
Slide 28: 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 29: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2017E Appendix 29
Slide 30: 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 31: 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
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