WHA Utilities and Power Public Company Limited · SET:WHAUP
WHA Utilities and Power Public — FY2017 Earnings Presentation
33 slides from WHA Utilities and Power Public's earnings presentation, Mar 5, 2018
Slide 1: Opportunity Day FY2017 Results
Opportunity Day FY2017 Results 05 March 2018
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 2018F 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 Exclusive utilities provider To be one-stop service Developer in the industrial estates for Data Center developer Built-to-Suit (BTSW): and provider by
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 2018F 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 – Business Strategies
II. Utilities Business Utilities Business – Business Strategies 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 operat
Slide 10: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2018F 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 - Growing Portfolio
III. Power Business Power Business - Growing Portfolio Continuing Growth from Projects Under Construction and Projects in Pipeline CAGR 2016-2019 Over 200 MW of solar opportunities from over 2 million sqm logistics roof areas 16.5% under WHA/WHA Management 552.8 MW 520.5 MW 32.3 478.4 MW 10 0.9 GNLL
Slide 13: Power Business - Potential Growth
III. Power Business Power Business - Potential Growth “Developer” in Power and Energy Businesses Conventional - IPP : Glow IPP, Gheco-One , Houay Ho Hydropower in Lao PDR Power - SPP : 7 SPPs in operation & 1 SPPs under construction - Solar Rooftop : 2.6 MW sale to grid & 0.9 MW WHA KM.3 private-sal
Slide 14: Power Business - Well-balanced and High Stability Portfolio
III. Power Business Power Business - Well-balanced and High Stability Portfolio Conventional Power: 537.0 Equity MW Secured Highly reliable off-taker (EGAT) Long-maturity Portfolio By Type of Power Plant By Type of Sourcing Industrial Analysis PortfolioAnalysis Users, 8% Maturity < 20 IPP 53% Coal 4
Slide 15: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2018F Appendix 15
Slide 16: Financial Highlight 2017
IV. Operating and Financing Performance Financial Highlight 2017 2017 YoY Remark 1) The acquisition of Utilities Business Revenue from Sales and Services from WHA Group (Utilities Business) 1,633.8 11.3% 2) A Full Year Operation of BGWHA-1 and COD of 4 SPPs as planned 1) The acquisitions of Power As
Slide 17: 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 1,570.2 mm 19.2% REVENUE THB 1,633.8 mm 11.3% 1 Increasing Selling Volume - Increasing in demand of existing customers - Increasing in demand of newly COD 4 SPPs name
Slide 18: Utilities Business Performance
IV. Operating and Financing Performance Utilities Business Performance Sale and Management Volume Million m3/ year • Increasing Selling Volume Increasing in demand of existing customers and newly COD 4 SPPs 120 • Increasing Selling Price Increasing selling price in all products + 22% YoY 100 100 82
Slide 19: Utilities Business Performance
IV. Operating and Financing Performance Utilities Business Performance Revenue from Sales and Services Gross Profit Trend Units: THB mm 1,633.8 35.3% 33.1% 1,467.5 27.4% 29.5% 63.5 152.1 150.3 262.9 30.4% 108.0 27.9% 196.3 26.9% 25.8% 1,155.2 1,013.0 2016 2017 2014 2015 2016 2017 Industrial Water Ra
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 SHARE OF PROFIT AND DIVIDEND INCOME THB 1,995.4 mm 102.6% 1 Improve of Business and Operation Improvement most of power plants and GHECO-One back t
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 GHECO-One HHPC Energy Dispatch Availability Energy Dispatch GWh % AF GWh 5,232 5,021 90.4% 86.4% 381 396 2016 2017 2016 2017 2016 2017 GNLL Gulf VT
Slide 22: Power Business Performance
IV. Operating and Financing Performance Power Business Performance Growth from Acquisition of Power Assets and Completion of Projects under Construction Gulf TS1 Gulf TS2 Energy Dispatch Availability Energy Dispatch Availability GWh % AF GWh % AF 412 99.6% 98.4% 280 0 2016 2017 2016 2017 2016 2017 2
Slide 23: 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 1,995.4 million, a 102.6% growth from 2016. Units: THB mm • 1st Full Year Operation of 1,995.4
Slide 24: Consolidated Performance: Revenue and Net Profit Growth
IV. Operating and Financing Performance Consolidated Performance Revenue and Net Profit Growth 3,629.2 1,995.4 2,452.5 985.0 1,633.8 1,467.5 1,980.9 369.4 2016 2017 /1 Revenue from Sales and Services Share of Profit and Dividend Income Net Profit Remark: /1 Net Profit Attribute to Owners of the Pare
Slide 25: Consolidated Performance
IV. Operating and Financing Performance Consolidated Performance Consolidated EBITDA/1 and EBITDA Margin Consolidated Net Profit/2 and Net Profit Margin/3 4000.0 80.0% Unit : THB mm 3000.0 Unit : THB mm 53.5% 60.0% 71.2% 3500.0 65.9% 70.0% 44.9% 66.0% 2500.0 40.0% 3000.0 65.9% 60.0% 2,639.2 1,980.9
Slide 26: Capital Structure and leverage ratio
IV. Operating and Financing Performance Capital Structure and leverage ratio Statement of Financial Position Debt Maturity Profile Unit : THB mm Unit : THB mm 21,378 18,652 7,420 12,577 4,000 811 871 10,421 7,930 1,500 1,500 1,000 1 2016 2 3 4 5 2017 6 2018 2019 2020 2021 2022 Total Assets Interest
Slide 27: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2018F Appendix 27
Slide 28: 2018 Plan: Utilities Business
V. Outlook 2018F 2018 Plan: Utilities Business Extend our Leadership in Industrial Estate Utilities Current Products/Services in Existing WHA-Hemaraj’s IEs Business To continuously build up reputation and trust by improving service quality and enhancing R&D Continue Expanding Markets HESIE3 To g
Slide 29: 2018 Plan: Power Business
V. Outlook 2018F 2018 Plan: Power Business Leverage WHA Group’s Resources and Customer Base To capture huge opportunity from IE roof and over 2 million sqm logistics roof areas - Offering service to customers - Exploring solar rooftop opportunity outside WHA-Hemaraj IEs Exploring municipal waste
Slide 30: 2018 Outlook – Visible Growth From Both Businesses
V. Outlook 2018F 2018 Outlook – Visible Growth From Both Businesses UTILITIES AND SALES MANAGEMENT VOLUME Revenue growth will come from enlargement of sales and management volume Demand increase from new land sales customers 100 113 Million M3 Higher consumption from current Million M3 customers’ bu
Slide 31: Agenda
Agenda I. Company Profile II. Utilities Business III. Power Business IV. Operating and Financial Performance V. Outlook 2018F Appendix 31
Slide 32: Shareholders and Management Structure
Appendix Shareholders and Management Structure Shareholding Structure Board of Directors Foreign Institutions, 1% Retail, Ms. Jareeporn Jarukornsakul Mr. David Richard Nardone 11% Domestic Chairman of Board of Directors Director Institutions, 14% WHA Group, Mr. Vivat Jiratikarnsakul Mr. Wisate Chung
Slide 33: Power Business - Well-Balanced Portfolio with Strategic Location
Appendix Power Business - Well-Balanced Portfolio with Strategic Location Operating Plants Samutprakarn Alternative Power Huoay Ho Glow IPP WHA Gunkul Hydropower IPP Combined Cycle IPP Total MW : 152.0 MW Total MW : 713.0 MW HESIE Solar VSPP COD in 1999 COD in 2003 Total MW : 3.3 MW
WHA Utilities and Power Public Company — FY2017 Earnings Presentation on 6ix