Unique Engineering & Construction Pcl · SET:UNIQ
Unique Engineering & Construction Pcl — Unique Engineering and Construction Public Company — FY2023 Earnings Presentation
78 slides from Unique Engineering & Construction Pcl's earnings presentation, Mar 12, 2024
Slide 1: Investor Relationship Presentation
12 March 2024 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 35 Current Backlog 34 Financials 40 Experiences 46 Facilities and Machineries 72 1
Slide 3: Government Infrastructure Projects
Government Infrastructure Projects Grand Total Government Infrastructure Projects Distance (km.) Value (btbn) 1 Development of Inter-City Rail Network 7,792 2,700 2 Development of Land Transport Network 5,335 240 3 Development of Water Transport Network - 35.41 4 Development of Air Transport Network
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 Khan – Ch
Slide 6: Double Track Railway
Double Track Railway 3 uNioU ENGINEERING AND CONSTRUCTION PCL CHIANG KONG. Khon Kaen - Nong Khai ae Pai - jakorn Phanom KHON PHANOM CHONG MEK Korn Luang Nakhon Patho Hua Hin — Prachuab Khiri Khan PRACHUAP HIRT KHAN Prachuap Khiri Khan jum atthani - ang Nga. ; Phuk
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 Fy UNIQUE saree,
Slide 11: High Speed Trains
High Speed Trains High Speed Train Routes Distance (km.) Value (btbn) 1 Bangkok - Chiang Mai 672 152 2 Bangkok - Padang Besar 982 179 3 Bangkok - Rayong 220 420 Total 1,874 751 10
Slide 12: Thai-China High Speed Railway
Thai-China High Speed Railway Thailand-Chinese High Speed Rail Routes Distance (km.) Value (btbn) Phase 1 Bangkok - Nakhon Ratchasima 238.5 100 Total 238.5 100 11
Slide 13: Development of Land Transport Network
DEVELOPMENT OF LAND TRANSPORT NETWORK 12
Slide 14: Mass Rapid Transit Lines map
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Slide 15: 13 Mass Rapid Transit Lines
13 Mass Rapid Transit Lines Mass Rapid Transit Line Employers Distance (km.) Value (btbn) Status Project 1 Dark Red Line Rangsit - Mahachai SRT 80.8 140,490 Commenced 2 Light Pink Line Kae Lai - Meenburi SRT 54 82,470 Commenced 3 Dark Green Line Lamlukka - Samurprakarn MRTA 66.5 94,970 Commenced 4 O
Slide 16: The MRTA Orange Line (East and West) Project
The MRTA Orange Line (East and West) Project (Taling Chan - Min Buri) 15
Slide 17: The MRTA Purple Line (South) Project
The MRTA Purple Line (South) Project 16
Slide 18: The MRTA Brown Line Project
The MRTA Brown Line Project (Khae Rai - Lam Sali) 17
Slide 19: Tram-Train
Tram-Train Tram-Train Distance (km.) Value (btbn) Status 1 Phuket 41.7 34.82 Pending 2 Chiang Mai(Underground) 34.93 99.5 Pending 3 Nakhon Ratchasima 54.87 32.5 Pending 4 Khonkaen 22.8 26.96 Pending 5 Pattaya 8 8 Pending 6 Hat-Yai 12.54 16.1 Pending Total 175 217.89 18
Slide 20: Motorway
Motorway Distance Value Motorway (km.) (btbn) Bang Pa In and Nakhon 1 196 84.6 Rachasima Bang Yai - Ban Pong - 2 96 45.9 Kanchanaburi 3 Pattaya - Mabtapud 32 18 4 Nakhonprathom - Cha Um 118 80.6 5 Had Yai - Sa Dao 70 30.5 Total 512 259.6 19
Slide 21: Motorways (Bang Pa In - Nakhon Rachasima)
Distance 196 km. Value 84.6 btbn Motorways (Bang Pa In - Nakhon Rachasima) 20
Slide 22: Motorways Bang Yai – Ban Pong – Kanchanaburi
Distance 96 km. Value 45.9 btbn Motorways Bang Yai – Ban Pong – Kanchanaburi 21
Slide 23: Motorways Pattaya – Mabtapud
M7 Motorways Pattaya – Mabtapud Distance 32 km. Value 18 btbn 22
Slide 24: Motorways Nakornprathom – Cha Um
Motorways Motorways Ban Yai – Ban Pong Nakornprathom – Cha Um Distance 118 km. Value 80.6 btbn 23
Slide 25: Motorways Had Yai – Sa Dao
Motorways Had Yai – Sa Dao Distance 70 km. Value 30.5 btbn 24
Slide 26: Development of Water Transport Network
DEVELOPMENT OF WATER TRANSPORT NETWORK 25
Slide 27: Deep Seaport Project
Hett+++t++t+ = Existed rail way tttttt++++++ ~=—- New proposed rail way New proposed 4 lanes roads New proposed roads Tse Ve—erett Deep Seaport Project 6) UNIQUE Besen,
Slide 28: Deep Seaport Project
Heng Fong Bag of Zergal MIDDLE EAST, EUROPE, .. “ pratiy Iciande SRP AWS | orl CHINA - PACIFIC, uh USA, . INDIAN OCEAN Bkccss fora KiHab ot — Imamiieriaink aia Deep Seaport Project Fy UNIQUE saree,
Slide 29: Thailand Water Resources Management
Thailand Water Resources Management 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 Khong Phawa
Slide 30: Development of Air Transport Network
DEVELOPMENT OF AIR TRANSPORT NETWORK 29
Slide 31: Airport
Airport Suvanabhumi Airport – Phase 2 Don Mueang Airport – Phase 3 Ø Value = 62,000 Million Baht Ø Value = 32,000 Million Baht Chiang Mai Airport – Phase 2 Ø Value = 11,000 Million Baht 30
Slide 32: Eastern Economic Corridor Development project (EEC)
Eastern Economic Corridor Development project (EEC) 31
Slide 33: Laem Chabang Port Phase 3
Laem Chabang Port Phase 3 Ø Civil Work Value = 22,199 Million Baht Ø PPP (Operation) Value = 155,834 Million Baht 32
Slide 34: 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) 33
Slide 35: Backlogs and Current Projects
BACKLOGS AND CURRENT PROJECTS 34
Slide 36: UNIQUE's Key Projects
UNIQUE’s Key Projects Project Awarded Project Contract Projects Value Note 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 2007 1.7 EXAT 2007 –
Slide 37: UNIQUE's Backlogs (1)
UNIQUE’s Backlogs (1) Project Employers Value (btbn) Remaining (btbn) 1. The Construction of Mass Transit System Project in Bangkok (Red Line) (I) SRT 39.08 0.73 Contract 1: Civil Works for Bang Sue Grand Station and Depots 2. Orange Line Project Contract 4 Elevated Civil Works MRTA 10.87 0.04 (Khlo
Slide 38: UNIQUE's Backlogs (2)
UNIQUE’s Backlogs (2) Project Employers Value (btbn) Remaining (btbn) 10. The Cooperation between the Government of the Kingdom of Thailand and the Government of the People’s Republic of China on Bangkok – Nong Khai HSR Development for Regional Connectivity SRT 9.43 5.09 (Section I : Bangkok – Nakho
Slide 39: UNIQUE's Backlogs (3)
UNIQUE’s Backlogs (3) Project Employers Value (btbn) Remaining (btbn) 16. The Construction of a bridge across Khlong Maha Sawat, Ratchaphruek DRR 1.18 0.72 Road, Nonthaburi 17. The Construction of 2 bridges on the route 4060 Khao Chamao District, Kaeng Hang Maeo, Rayong, Chanthaburi DRR 0.59 0.47 18
Slide 40: UNIQUE's Backlogs
Signed The Contract: Ø The Construction of Highway no. 82 Bang Khun UNIQUE’s Backlogs Thian-Ban Phaeo Section Ekkachai-Ban Phaeo no. 6 Signed The Contract: Ø The Design and Construction of the Purple Line Project, Tao Pun - Rat Burana (Kanchanapisek Ø The Cooperation between the Road) Section Contra
Slide 41: Financials
FINANCIALS 40
Slide 42: Financial Statement (P/L) (Million Baht)
Financial Statement (P/L) (Million Baht) 2020 % 2021 % 2022 % 2023(4Q) % 2,644.47 Revenue from construction 10,798.97 99.15 10,936.91 99.43 99.56 10,319.08 98.94 2,655.93 Total revenue 10,891.23 100.00 11,000.14 100.00 100.00 10,429.73 100.00 2,207.39 Total cost 8,966.38 82.33 9,349.75 85.00 83.11 8
Slide 43: Financial Statement (B/S) (Million Baht)
Financial Statement (B/S) (Million Baht) 2020 % 2021 % 2022 % 2023(4Q) % Cash and Current Investment 384.00 1.14 3,784.14 9.15 4,076.69 11.21 2,836.00 7.57 A/R 2,975.59 8.87 2,875.86 6.95 2,850.08 7.84 2,835.14 7.56 Total Assets 33,562.99 100.00 41,361.76 100.00 36,369.19 100.00 37,456.95 100.00 Fin
Slide 44: Key Financial Graphs
Key Financial Graphs Construction Revenue (btbn) Gross Profit (%) 14 25 12.1 22.09 12 21.27 10.8 10.9 10.32 20 10 17.67 16.89 15 8 15 6 10 4 2.6 5 2 0 0 2019 2020 2021 2022 2023(4Q) 2019 2020 2021 2022 2023(4Q) Construction Cost + SG&A (%) Net Profit (btmn) 800 90 85 83.11 729.92 82.33 78.73 77.91 8
Slide 45: Key Financial Graphs
Key Financial Graphs Financial Cost (%) Net Gearing 3 14 2.5 2.42 12 11.58 2.18 1.97 10 2 1.88 8.75 8 7.23 7.46 1.5 1.36 5.94 6 1 4 0.5 2 0 0 2019 2020 2021 2022 2023(4Q) 2019 2020 2021 2022 2023(4Q) 44
Slide 46: UNIQUE's Key Financial Ratios
UNIQUE’s Key Financial Ratios Liquidity ratio 2019 2020 2021 2022 2023(4Q) Unit Current ratio 1.22 1.21 1.21 1.22 1.27 Times Quick ratio 0.80 0.92 1.02 1.05 1.11 Times Account receivable turnover 0.74 0.66 0.55 0.42 0.37 Times Debt to equity ratio 3.03 3.17 4.13 4.54 4.52 Times Financial debt to equ
Slide 47: Experiences
EXPERIENCES F UNIQUES Sere. 46
Slide 48: The Industrial Ring Road (IRR)
The Industrial Ring Road (IRR) 47
Slide 49: The Industrial Ring Road (IRR)
39 The Industrial Ring Road (IRR) 48
Slide 50: SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan
SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan 49
Slide 51: SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan
41 SRT Commuter Train Project (Red Line) Bang Sue – Taling Chan 50
Slide 52: MRT Blue Line Extension Project Contract 3
MRT Blue Line Extension Project Contract 3: Elevated Civil Works Tao Pun – Tha Phra Section 51
Slide 53: MRT Blue Line Extension Project Contract 3
MRT Blue Line Extension Project Contract 3: Elevated Civil Works Tao Pun – Tha Phra Section 52
Slide 54: Construction of Mass Transit System Project in Bangkok
Construction of Mass Transit System Project in Bangkok (Red line) (I) Contract 1: Civil Works for Bang Sue Grand Station and Depots 53
Slide 55: 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 54
Slide 56: Mae Ngat – Mae Kuang Diversion Tunnel Project (Contract 2)
Mae Ngat – Mae Kuang Diversion Tunnel Project (Contract 2) 55
Slide 57: Link Road Ratcha Phruek - Kanchanaphisek Road
Link Road Ratcha Phruek - Kanchanaphisek Road (North –South) 56
Slide 58: 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 57
Slide 59: The MRT Orange Line (East Section) Contract 6: Trackwork
The MRT Orange Line (East Section) Project, Thailand Cultural Centre - Min Buri (Suwinthawong) Contract 6: Trackwork 58
Slide 60: 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) 59
Slide 61: 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 60
Slide 62: Bangkok – Nong Khai HSR Contract 4-2
Republic of China on Bangkok – Nong Khai HSR Development for Regional Connectivity (Section I : Bangkok – Nakhon Ratchasima) Contract 4 - 2 : Civil Works (Don Mueang-Nava Nakorn Section) 61
Slide 63: Bangkok – Nong Khai HSR Contract 4-6
Republic of China on Bangkok – Nong Khai HSR Development for Regional Connectivity (Section I : Bangkok – Nakhon Ratchasima) Contract 4 - 6 : Civil Works (Phrakeaw – Saraburi Section) 62
Slide 64: Rama 3-Dao Khanong – Western Outer Ring Road Expressway
The Rama 3-Dao Khanong – Western Outer Ring Road Expressway Project: Contract 1 63
Slide 65: Track Doubling Project: Banphai – Nakhonphanom Section
Track Doubling Project: Banphai – Nakhonphanom Section Contract: 2 Nong Phok – Saphan Mittraphap 3 Section 64
Slide 66: Design and Construction of the Purple Line Project
The Design and Construction of the Purple Line Project, Tao Pun - Rat Burana (Kanchanapisek Road) Section Contract 4: Underground Civil Works Memorial Bridge - Dao Khanong Section 65
Slide 67: Off Terminal Check-in Building at Phuket International Airport
The Off Terminal Check-in Building at Phuket International Airport 66
Slide 68: Junction between the BRT and BTS station
Construction the junction between the BRT and BTS station (Sathorn Road – Narathiwat Intersection) 67
Slide 69: Ramintra Outer Bangkok Ring Road Expressway, Contract 1 & 2
The Ramintra Outer Bangkok Ring Road Expressway, Contract No. 1 & 2 68
Slide 70: Ramintra Outer Bangkok Ring Road Expressway, Contract 1 & 2
The Ramintra Outer Bangkok Ring Road Expressway, Contract No. 1 & 2 69
Slide 71: Highway Route No.302 Bridge Over Chao Phraya River
Highway Route No.302 (RATANATHIBETH) Section : Bridge Over Chao Phraya River 70
Slide 72: Highway Route No.302 Bridge Over Chao Phraya River
Highway Route No.302 (RATANATHIBETH) Section : Bridge Over Chao Phraya River 71
Slide 73: Facilities and Machineries
Facilities and Machineries 72
Slide 74: Technologies & Facilities: Precast Segment Yard
UNIQUE’s Technologies & Facilities Precast Segment Yard 73
Slide 75: Technologies & Facilities: Heavy Machinery
UNIQUE’s Technologies & Facilities Heavy Machinery 74
Slide 76: Technologies & Facilities: Bored Pile Machines
UNIQUE’s Technologies & Facilities Bored Pile Machines 75
Slide 77: Technologies & Facilities: Steel Works
UNIQUE’s Technologies & Facilities Steel Works 76
Slide 78: Engineering and Construction Public Company Limited
o ENGINEERING AND CONSTRUCTION PUBLIC COMPANY LIMITED
Unique Engineering and Construction Public Company — FY2023 Earnings Presentation on 6ix