opportunity day q3/2021 nov 23

OPPORTUNITY DAY Q3/2021

Nov 23, 2021

2Company Financial Industry Outlook

Outline

Company Industry OutlookFinancial


Main Products


Circular bored piles for foundation of buildings, bridges, factories, roads, etc.

0.5 – 2.0 m. x Depth up to 100 m.

Bored Pile


Barrette Pile/Diaphragm Wall

Barrettes are rectangular piles with typical width 0.8,1.0,1.2 m, length 2.8-3.0 m, and depth up to 80 m.

D-wall is used for soil retaining system e.g. permanent wall of deep basement, underpass tunnel, subway station, etc.


Jet Grouting

For soil improvement both stability and strength :

road works, airport runway, slope protection, dam, etc.


Airport Rail Link Bored Piles

Project Highlight

Landmark WaterfrontBored Piles / Jet

Grouting

The ICONSIAMBored Piles / Jet Grouting

The One ResidenceBored Piles

EGAT Car park & HQBored Piles /

Constructions

Samyarn MitrtownBored Piles / D-Wall

MRT Yellow LineBored Piles / Barrette Pile

Queen Sirikit National Convention Center :

Bored Piles / Pile walls/ D-Wall


Project Highlight

TC Green I/IIBored Piles

Siam Square OneBored Piles

Klong SuvarnabhumiJet Grouting

IKEA WestgateBored Piles

AIA - CMCBored Piles

Central WestgateBored Piles

One9Five Rama9Bored Piles

ShowDCBored Piles


Project Highlight

Thai National AssemblyBored Piles

BMA BuildingBored Piles

Circle Living PrototypeBored Piles

South InterchangeBored Piles

StarviewBored Piles

Metro Avenue Bored Piles

Le Luk Condo (A+B)Bored Piles

Wimutti Hospital Bored Piles/Barrette Piles/

D-Wall


AP Groups

Project Highlight

Life AsokeBored Piles

LPN Development

Life on wirelessBored Piles

Aspire ErawanBored Piles

Life Asoke-Rama9Bored Piles

Lumpini Park Rama9Bored Piles

L.P.N. Ville Nakorn InBored Piles

L.P.N. Beach JomtienBored Piles

L.P.N. Phetkasem 98Bored Piles


Pruksa Real Estate

Project Highlight

Privacy Rama9Bored Piles

Ananda Development

Chapter One Bored Piles

Tree InterchangeBored Piles

Plum Condo Ph.1-2Bored Piles

Buddha PortBored Piles

Asthon Residence 41Bored Piles

IDEO Q ChidlomBored Piles

IDEO Mobi Rama 9Bored Piles


Narai Property

Project Highlight

Parkland Ratchada-Wongsawang

Bored Piles

Major Development

Parkland Phetkasem-Taphra

Bored Piles

Parkland Phetkasem56

Bored Piles

Parkland CharanBored Piles

Muniq SK23Bored Piles

Metris LadpraoBored Piles

Maestro07Bored Piles

Maestro19Bored Piles


Share Capital Information

Price (B) 4.44

52 weeks High/Low (B) 5.10/3.76

Authorized capital (MB) 374.94

Market cap (MB) 3,329.44

Major shareholdersAs of Mar 22, 2021

1. Sangarayakul Family (53.27%)2. Thai NVDR (2.76%)

Free float (%)As of Mar22, 2021

40.59%

First-day trade (mai) Dec 23, 2005

First-day trade (SET) Aug 06, 2015

as of Nov 19, 2021


Executives

Dr. Chanet Sangarayakul

PresidentAge : 47

Education : Doctor of Engineering (structure),

Asian Institute of Technology Master of Engineering (structure),

Asian Institute of Technology Bachelor of Engineering (civil),

Chulalongkorn University

Mr. Pisun Sirisuksakulchai

Senior Executive Vice PresidentAge : 47

Education : Master of Art in Business Law, Chulalongkorn

University Master of Business Administration(MBA),

Rockhurst University (USA) Master of Science (Construction

Management), University of Wisconsin-Madison (USA)

Bachelor of Engineering (civil), Chulalongkorn University

Mr. Bordin Sangarayakul


Education : Master of Science (Construction

Engineering and Management), Virginia Tech (USA)

Bachelor of Engineering (civil), Chulalongkorn University

Mr. Somsak Viriyapipat


Education : Bachelor of Engineering (mechanic),

King Mongkut’s Institute of Technology North Bangkok


95

220 289

520

379

726

597 631

948

1,096

1,303 1,380

1,237

1,077

721

1,445

1,576

1,427

1

18

36 18

11

58

21 32

76 64

159

196 202

172

101

218

278

183

0

50

100

150

200

250

300

350

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Revenues Net ProfitsRevenues (MB) Net Profits (MB)

Performance Timeline

founded in 2002 Listed in mai

Listed in SET


Outline

Financial Industry OutlookCompany


Profitability

Performance

Financial Highlights : Q3/2021

GPM 6.1%NPM 0.2%ROA 4.3%ROE 5.0%

Revenue 180.8 MBGross Profit 10.7 MBNet Profit 0.3 MB

Leverage

Debt to Equity Ratio 0.24

Liquidity

Current Ratio 3.19

Cash and Cash equivalent200 MB


251 256

395 415

733

228256

169239

276 264

140

293

108

419

287

163 181

278

188

392

599

267

1,077

721

1,445

1,576

1,427

24.4%23.4% 23.6%

26.3%

21.6%

12.8%

16.0%14.0%

15.1%

17.6%

12.8%

4.1%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

0

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2016 2017 2018 2019 2020 3Q2021

Q1 Q2 Q3 Q4 Year End %G.P. %N.P.

Revenue & Profit : Consolidated

(million baht)


4756

7181

105

2131

1631

4538

1

42

5

55 60

130.3

53

24

60

92

27

172

101

218

278

183

16.0%

14.0%15.1%

17.6%

12.8%

4.1%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

0

25

50

75

100

125

150

175

200

225

250

275

300

325

350

375

400

425

450

475

500

2016 2017 2018 2019 2020 3Q2021

Q1 Q2 Q3 Q4 Year End %N.P.

Net Profit : Consolidated

(million baht)


2016 2017 2018 2019 2020 3Q2021

L&M 819 353 1,012 982 1,190 398

L 259 368 434 571 225 142

Total 1,077 721 1,445 1,554 1,415 540

819

353

1,012 982

1,190

398

259

368 434

571

225 142

1,077

721

1,445

1,554

1,415

540

0

250

500

750

1,000

1,250

1,500

1,750

2,000

L&M L Total

Revenue

(74:26)

*Remark : Numbers in parentheses show the percentage of L&M : L

(82:18) (76:24) (49:51) (70:30) (63:37)

(Labor&Material) (Labor only)

*

(million baht)


20.2%

13.1%

26.8%

28.7%

17.3%

5.0%

18.7%

10.5%

24.7%

22.6%

14.6%

4.3%0

0

0

0

0

0

0

0

0

2016 2017 2018 2019 2020 3Q2021

ROE ROA

ROE and ROA


17 16 19 22 24

1417 18 20 2228

2118 18 19

23

15 1618 18 21

3329

70 7079

100 96

6.5%

9.8%

5.5%6.3% 6.7%

9.3%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

0

25

50

75

100

125

150

175

200

225

250

2016 2017 2018 2019 2020 3Q2021

Q1 Q2 Q3 Q4 Year End %S&A

S&A Expense : Consolidated

(million baht)


1,016 924

1,244

1,689

1,321 1,199

225 166

377

622

274 235

791 758 867

1,067 1,047 964

0.28 0.22 0.44 0.580.26 0.24

3.03 2.81

2.14 1.92

3.783.19

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

0

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

3,000

3,250

2016 2017 2018 2019 2020 Q3,2021

Assets Liabilities Equity D/E Ratio Current Ratio

Balance sheet : Consolidated

(million baht)


78

155

184208

160

59

245270

182

56

83

181199

169

75

165

202

105

72% 54%98% 95% 105% 127%

67% 75% 58%

-800.0%

-600.0%

-400.0%

-200.0%

0.0%

200.0%

400.0%

600.0%

800.0%

1000.0%

0

50

100

150

200

250

300

350

400

450

500

550

600

650

700

750

2012 2013 2014 2015 2016 2017 2018 2019 2020

Net Profit(company)

Dividend %Dividend(policy)

%Dividend(actual)**

Dividend vs Net Profit (company)

Dividend* XD Record datePayment

Date

Dividend per Share

(Baht)

Annual Dividend Payment 19 Mar 2021 22 Mar 2021 21 May 2021 0.14

*source of dividend : company net profit & retained earnings **compared with company net profit

(million baht)

Dividend policy : at least 40% of Company Net Profit


Outline

IndustryFinancial OutlookCompany


Start of construction in 2020

Government mega projects

Thai - Chinese high speed train : 179 billion baht

High speed train linking 3 Airports : 220 billion baht

Rama 3 – Dao Kanong - Outer Ring road : 31 billion baht

Overpass on Rama 2 road : 48 billion baht

U-Tapao International Airport: 250 billion baht

Start of construction in 2021 - 2022 (potential projects)

Orange Line (east section) : 80 billion baht

Purple Line (southern extension) : 125 billion baht

Red Line (extension) : 22 billion baht


Outline

OutlookIndustryFinancialCompany


532

329

1,036

902

748

647 688

552

1,039

1,564

620

1,147

582

1,082

857

1,541

604

1,505

505

1,019

1,120 1,182

507

0

100

200

300

400

500

600

700

800

900

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2016 2017 2018 2019 2020 Q3,2021

Q1 Q2 Q3 Q4

Company Backlog: Nov 22, 2021

(million baht)


Current Work on Hand 1,504.9 MB

Company Backlog : Nov 22, 2021

453.5 , 30%

1,016.4 , 68%

35.0 , 2%

Million baht

Government sector(Labor only)

Private sector(Labor and Material)

Private sector(Labor only)

opportunity day q3/2021 nov 23

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