Electricity Generating Public Co., Ltd. · SET:EGCO

Electricity Generating Public — 9M 2010 Earnings Presentation

40 slides from Electricity Generating Public's earnings presentation, November 2010

  1. Slide 1: Corporate Presentation: Nine-Month Period Financial Results Ended 30 September 2010

    Corporate Presentation Nine – Month Period Financial Results Ended 30 September 2010

  2. Slide 2: Disclaimer Statement

    Disclaimer Statement This presentation was made from the analysis of reliable information in order to assist investment community to better understand the company's financial status and operation. It also supports the "Good Corporate Governance Project" of the Securities and Exchange Commission (SEC

  3. Slide 3: Table of Contents

    Table of Contents • Thailand’s Electricity Industry Overview • EGCO Group’s Overview • Financial Results • Appendices 3

  4. Slide 4: Thailand's Electricity Industry Overview

    Thailand’s Electricity Industry Overview

  5. Slide 5: Current Electricity Supply Industry

    Thailand’s Electricity Industry Overview : Current Electricity Supply Industry EGAT * INT. (5.27%)* IPP (40.29%)* SPP (6.94%)* (47.51%) EGAT Transmission 2 MEA PEA Direct Customers End Users IPP : Independent Power Producer MEA : Metropolitan Electricity Authority EGCO’s IPPs have 11.27% market shar

  6. Slide 6: Historical Demand Growth

    Thailand’s Electricity Industry Overview : Historical Demand Growth MW 22,044.90 MW or -2.32% 24,009.90 MW or 8.91% 26,000 decrease from 2008 increase from 2009 25,000 24,000 2010 23,000 2009 22,000 2008 21,000 2007 20,000 2006 19,000 2005 18,000 2004 17,000 2003 16,000 2002 15,000 14,000 January Fe

  7. Slide 7: Energy Generation Sales by Categories

    Thailand’s Electricity Industry Overview : Energy Generation Sales by Categories 2009 Unit : Gwh + 15.90% + 12.56% + 8.99% + 11.27% 42,194,374,575 36,404,691,903 + 11.17% 22,879,311,381 20,326,999,125 6,936,066,562 6,233,642,879 14,653,543,716 15,971,070,059 10,613,335,422 9,547,098,722 Market Share

  8. Slide 8: Thailand's New Capacity (2010 – 2017)

    Corporate Overview : Thailand’s New Capacity (2010 – 2017) Reserve Margin 4,500 28.1% 27.1% 23.7% 25.4% 23.4% 26.0% 27.2% 23.2% 4,000 Others 18 MW SPP (Co-gen) 90 MW Source: PDP 2010 Revised by 12 3,500 VSPP 192 MW March 2010 NPS # 3-4 2x135 MW 3,000 Others 54 MW Wang Noi # 4 VSPP 187 MW 800 MW 2,50

  9. Slide 9: Thailand's New Capacity (2018 – 2030)

    Corporate Overview : Thailand’s New Capacity (2018 – 2030) Reserve Margin 6,500 17.3% 15.0% 15.6% 15.4% 16.0% 16.7% 16.5% 16.3% 15.9% 15.4% 16.3% 16.3% 15.0% 6,000 VSPP 146 MW SPP (Co-gen) 5,500 360 MW VSPP 173 MW EGAT # 3 5,000 (Coal) SPP (Co-gen) 360 MW 800 MW 4,500 EGAT # 5 VSPP 159 MW (Nuclear)

  10. Slide 10: EGCO Group's Overview

    a4 an FE G C O Energy for life GROUP EGCO Group’s Overview

  11. Slide 11: EGCO Group Investment

    EGCO Group’s Overview : EGCO Group Investment Note: Since December 2008, installed capacity of GPG, WMPC, SPPC, and NT2 have been adjusted to gross MW capacity so that all figures shown will be on the same basis. 11

  12. Slide 12: EGCO Group's Strategic Direction

    EGCO Group’s Overview : EGCO Group’s Strategic Direction • Seek ASEAN region opportunities • Develop or acquire IPP&SPP projects including increase stakes in existing IPP projects • Develop renewable energy projects (SPP) • Negotiate on REGCO & KEGCO PPA Extension Continue to focus on power generati

  13. Slide 13: Financial Results

    a) WS E G C O Energy for life GROUP Financial Results

  14. Slide 14: Summary Results ended September 30, 2010 and 2009

    Financial Results : Summary Results ended September 30, 2010 and 2009 Million Baht 4% 1% 9M10 9M09 6,575 6,655 6,310 6,039 55% 535 346 Net Profit bf FX FX of Subs & JVEs Net Profit 14

  15. Slide 15: Profit before FX of Subs & JVEs by Segment

    Financial Results : Profit before FX of Subs & JVEs by Segment Ended September 30, 2010 and 2009 Million Baht 9M10 9M09 -19% 5,760 4,642 242% 4% 118% 1,164 -42% 391 378 341 240 110 -398 -279 IPP SPP Others Overseas EGCO Rayong power plant, EGCO Cogen, ESCO, ET Conal, KEGCO, BLCP, Roi-ET Green, Quezo

  16. Slide 16: Profit before FX Ended September 30, 2010 by Segment

    Profit before FX Ended September 30, 2010 By Segment By Company SPP 6% GCC, NKCC, SCC, 203 MB EGCO Cogen 2% GYG 3% 119 MB Roi Et Green 1% 81 MB Conal 2% 391 MB 141 MB GPG (KK2) 21% Overseas 18% NTPC 9% 1,320 MB 591 MB 1,164 MB Quezon 7% 433 MB IPP 72% 4,642 MB 24 0M BLCP 36% ESCO 3% B 170 MB 2,316 M

  17. Slide 17: Cashflow Ended September 30, 2010 and 2009

    Financial Results : Cashflow Ended September 30, 2010 and 2009 Million Baht 17

  18. Slide 18: Summary of Debt Structure

    Financial Results : Summary of Debt Structure Total Outstanding Balances Total Facilities 30 September 2010 USD 27 M. USD 13 M. 3.99% JPY 1,260 M. JPY 571 M. 2.09% Baht 20,778 M. Baht 9,446 M. 93.92% • Total facilities and total outstanding balances of EGCO & Subs (Not in EGCO’s portion) • Total out

  19. Slide 19: EGCO D/E Profiles

    EGCO D/E Profiles : Ended September 30, 2010 Million Baht 1.20 Total Debt : 11,242 Total Equity : 54,688 1.00 0.97 0.94 0.89 0.86 0.89 0.91 0.89 Cash and cash equivalents : 6,723 0.85 0.80 Outstanding revolving credit facility : 4,000 0.60 Total : 10,723 0.41 0.40 0.36 0.31 0.31 0.32 0.28 0.26 0.28

  20. Slide 20: Dividend Policy

    Financial Results : Dividend Policy Baht/Share 5.25 5.00 4.75 4.00 2.50 2.75 3.25 2.50 3.00 2.50 2.75 2.00 2.50 2.25 1.50 1.75 1.25 1.50 1.25 2.25 2.50 2.50 2.50 2.00 1.25 1.25 1.50 1.50 1.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Interim Final In the absence of unforeseen circumstances,

  21. Slide 21: Appendices

    Appendices • Corporate Overview • Financial Results • Operating Performance

  22. Slide 22: EGCO Shareholding Structure as of September 2010

    Corporate Overview : EGCO Shareholding Structure as of 7 September 2010 EGAT OneEnergy Thailand Ltd. (owned by OneEnergy which is jointly owned 50% each by CLP Holding and Mitsubishi Corporation) 25.41% 22.42% * Foreign investors comprise those investing in foreign board (22.39%) and Non-Voting Depo

  23. Slide 23: EGCO Board of Directors

    Corporate Overview : EGCO Board of Directors • Mr. Pornchai Rujiprapa (Chairman of the Board) EGAT • Mr. Sahust Pratuknukul Directors • Mr. Wisudhi Srisuphan • Mr. Somboon Arayaskul • Mr. Peter Albert Littlewood • Mr. Mark Christopher Jobling OneEnergy • Mr. Hideaki Tomiku Directors • Mr. Shinji Tsu

  24. Slide 24: EGCO Group Structure

    Corporate Overview : EGCO Group Structure EGCO Group 4,379.4 MW Majority Owned Minority Owned 2,156.6 MW 2,222.8 MW ESCO REGCO EGCO Green EGCO Cogen KEGCO GEC BLCP NTPC EGCO BVI NED EAST Water 1,232.00 9.40 117.00 824.00 1,895.00 1,434.00 1,086.80 159.60 55.00 100.0% 100.0% 74.0% 80.0% 100.0% 50.0%

  25. Slide 25: EGCO Group's CSR Projects

    Corporate Overview : EGCO Group’s CSR Projects Paths for Promotion and Development of Community's “Quality of Life” Paths for Preservation of the “Watershed Forest” • Pluak Dang Health Care Market • A Watershed Forest: A Source of Energy for • Mobile Medical Unit Support Life project • Breeding of B

  26. Slide 26: Appendices

    Appendices • Corporate Overview • Financial Results • Operating Performance

  27. Slide 27: Operating Results ended September 30, 2010 and 2009

    Financial Results : Operating Results ended September 30, 2010 and 2009 Million Baht 27

  28. Slide 28: Segmental Operating Results: Ended September 30, 2010

    Segmental Operating Results : Ended September 30, 2010 Million Baht 28

  29. Slide 29: Segmental Operating Results: Ended September 30, 2009

    Segmental Operating Results : Ended September 30, 2009 Million Baht 29

  30. Slide 30: Segmental Operating Results: Q3/2010

    Segmental Operating Results : Q3/2010 Million Baht 30

  31. Slide 31: Segmental Operating Results: Q3/2009

    Segmental Operating Results : Q3/2009 Million Baht 31

  32. Slide 32: FX Analysis Ended September 30, 2010 and 2009

    Financial Results : FX Analysis Ended September 30, 2010 and 2009 Million Baht 32

  33. Slide 33: EBITDA and Net Profit

    Financial Results : EBITDA and Net Profit Ended September 30, 2010 and 2009 Million Baht EBITDA 9M10 9M09 4% Net Profit 12,625 12,144 1% 6,575 6,655 535 346 -631 -841 -1,700 -1,885 -3,774 -3,590 Finance costs Tax DA FX 33

  34. Slide 34: Financial Ratio Highlights

    Financial Results : Financial Ratio Highlights 34

  35. Slide 35: Appendices

    Appendices • Corporate Overview • Financial Results • Operating Performance

  36. Slide 36: Annual Net Generation & Electricity Sales 2005-2009

    Operating Performance (IPPs) : Annual Net Generation & Electricity Sales for the Year 2005-2009 Net Generation GWh (Block I) Electricity Sales MM Baht (Block I) Rayong Power Plant KEGCO BLCP KK 2 • EGAT is the sole offtaker for electricity produced by Rayong Power Plant and KEGCO under long term cos

  37. Slide 37: Major Maintenance Expenses for the Year 2010

    Operating Performance (IPPs) : Major Maintenance Expenses for the Year 2010 MM Baht 37

  38. Slide 38: Major Maintenance Expenses for the Year 2009

    Operating Performance (IPPs) : Major Maintenance Expenses for the Year 2009 MM Baht 38

  39. Slide 39: Operating Performance Equivalent Availability Factor

    Operating Performance (IPPs) : Operating Performance Equivalent Availability Factor 39

  40. Slide 40: Net Generation and Fuel Consumption

    Operating Performance (IPPs) : Net Generation and Fuel Consumption 40

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