public company limited -...

NAWARAT PATANAKARNPUBLIC COMPANY LIMITED

SET : Opportunity Day, 16 June 2016

www.nawarat.co.th

IR Section T: +662 730 2100 F: +662 751 9484 E: [email protected]

A: 18th-19th Floor, Bangna Towers (A), 2/3 Moo 14, Bangna-Trad Rd, km. 6.5, Bangkaew, Bangplee, Samutprakarn 10540 Thailand

1

Disclaimer

I m p o r t a n t N o t i c e:

The content of the presentation provided by the Nawarat Patanakarn Public Company

Limited (the “Company”) is intended to provide as information for discussion purpose only

and is strictly for private and confidential. Past performance is not indicative of future

performance. Any unauthorised disclosure, use or dissemination, either whole or partial,

is prohibited. It must not be reproduced, copied or made available to others. Some of the

information in this presentation may contain projections or other forward looking

statements regarding future events or future financial performance of countries, markets

or companies. These statements are only predictions and actual events or results may

differ materially. The reader must make his/her own assessment of the relevance,

accuracy and adequacy of the information contained in this presentation and make such

independent investigations as he/she may consider necessary or appropriate for the

purpose of such assessment. Any opinion or estimate contained in this presentation is

made on a general basis and is not to be relied on by the reader as advice. Neither the

Company nor any of its servants or agents have given any consideration to nor have they

or any of them made any investigation of the investment objectives, financial situation or

particular need of the reader, any specific person or group of persons. Accordingly, no

warranty whatsoever is given and no liability whatsoever is accepted for any loss arising

whether directly or indirectly as a result of the reader, any person or group of persons

acting on any information, opinion or estimate contained in this presentation.

2

Company Overview

3

ครบรอบ 40 ปี เนาวรตัน์พฒันาการ พฒันาสูอ่นาคต

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งานฉลอง “ครบรอบ 40 ปี เนาวรตัน์พฒันาการ พฒันาสูอ่นาคต”

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งานฉลอง “ครบรอบ 40 ปี เนาวรตัน์พฒันาการ พฒันาสูอ่นาคต”

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งานแถลงขา่ว “ครบรอบ 40 ปี เนาวรตัน์พฒันาการ พฒันาสูอ่นาคต”

8

พธิมีอบรางวลัเกยีรตคิณุพนกังานที่ปฎบิตังิานมากกวา่ 20 ปีขึน้ไป

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Performance Summary

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Q1/2016 Financial Highlights

Q1/2016 Financial Performance (Unit : THB mm)

Construction contract +1,603.7

Rendering of sale and service +89.1

Other Income +10.8

Total revenues +1,703.6

Cost of construction -1,482.2

Cost of sale and service -86.0

SG&A -107.6

Doubtful debts -

Total Expense -1,675.8

Profit (loss) from associates +32.8

Finance cost -48.6

Income Tax -0.8

Net earning +11.2

Non-controlling Interest +3.1

Net earning to Equity Holders +14.3

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Details of Revenue

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Key Performance Index

Construction Revenue and Growth (Unit:THB mm) Gross Margin

SG&A/Sales Net Margin

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New Projects Awarded (Unit:THB mm) Backlog Amounts (Unit:THB mm)

D/E ratio Current Ratio


11,152 8,387 10,060 10,505 11,381 10,495

445 2,475

1,211 4,144 2,475 2,955

11,597 10,862 11,271 14,649 13,856 13,450

2011 2012 2013 2014 2015 Q1/16

Signed Contract

Unsigned Contract (with high certainty)

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15

Current Backlog(Signed Contract)

Item Owner Project Description Start End Total

Value Remaining Project Type

1

Bangkok Metropolitan

Administration [BMA]Drainage System - Bangtoei Canal

Jul-10 May-15 270 11% Infrastructure

2

Bangkok Metropolitan

Administration [BMA]Drainage Tunnel under Bangsue Canal

Sep-13 Aug-16 2,300 53% Tunnel

3Department of Highways [DOH]

Construction of Bypass from Highway No.3

Section 3 Sep-13 Jun-16 1,100 13% Infrastructure

4Private

Construction of Material Trade Building,

Suratthani Sep-13 Feb-15 100 74% Industrial

5Private

Civil and Architectural Work ABP4 CCCP

& ABP5 CCCP, Amata Nakorn Industrial Sep-13 Jul-15 580 0% Industrial

6Private

Construction of Car Showroom, Office &

Car Park - Nonthaburi Feb-14 Feb-15 300 10% Building

7

Industrial Estate Authority of

Thailand

Flood Wall around Lad Krabang Industrial

Estate Jun-14 Mar-15 520 1% Infrastructure

8Mana Patanakarn Co., Ltd. Construction of "Baranee Park", Romklao

Mar-14 Sep-15 500 55% Building

9MPWT Lao PDR Road Improvement Project, Lao

May-14 Nov-16 600 43% Infrastructure

10Private

Jetty Work of Receiving Terminal Expansion

Project Phase 2, Rayong Jul-14 Mar-16 600 0% Marine

11Private Construction of Hotel, Nakhonratchasima

Jul-14 Sep-16 550 30% Building

12Private Construction of Hotel, Pattaya

Jul-14 Sep-15 400 19% Building

13Private Construction of Flood Wall, Nakhonpathom

Sep-14 Jun-15 200 0% Infrastructure

14Private

BOWIN Combined Cycle Cogeneration

Plant, Amata Nakorn Industrial Estate Sep-14 Jun-16 350 6% Industrial

15Private

Design and Construction of Road and Utility

(Phase 2), Industrial Estate Oct-14 Mar-16 630 18% Infrastructure

16Private

Water Tunnel for Flood Protection System

Phase 1 - Chiangmai Jul-14 Oct-15 90 0% Tunnel

17Private Pagoda - 5th-7th Floor, Chanthaburi

Nov-14 Nov-16 90 40% Building

18Private Ratchaburi Power Plant

Nov-14 Dec-16 1,300 60% Industrial

19Private Oil Business Academy, Ayutthaya

Dec-14 Dec-15 340 0% Building

[last update 31/03/2016] [Unit : Million Baht]

16

Current Backlog(Signed Contract)



20Private

Mae Moh Power Plant Units 4-7

Replacement Project, Lampang May-15 Jan-19 2,900 44% Industrial

21

Department of Public Works and

Town & Country Planning [DPT]

Flood Protection System Phase 3 - Omnoi,

Samutsakhon May-15 Sep-17 170 10% Infrastructure

22Private

Manholes and Underground Electrical

Conduits - Light Green MRT Line May-15 Apr-17 1,000 91% Tunnel

23Department of Rural Roads

The Ratchaphruek Road Extension Phase 2

(Section 2) Mar-15 Mar-17 440 80% Infrastructure

24Metropolitan Electricity Authority



25

Metropolitan Waterworks

Authority



26TOT Public Co., Ltd.



27Private

Construction of Car Showroom & Office -

Sainoi Branch Jun-15 Jan-16 110 25% Building

28

Department of Drainage and

SewerageReinforced Concrete Dam - Sawat Canal

Oct-15 Oct-16 100 75% Infrastructure

29Department of Highways

Overpass Crossing Intersection Highway #

3256 with Highway # 3268 Apr-15 Jun-17 370 100% Infrastructure

30Marine Department

Bank Protection Dam in Pasak River Phase 1

(Section 2) Apr-15 Oct-17 560 84% Infrastructure

31

Department of Public Works and

Town & Country Planning [DPT]Flood Protection System, Angthong

Sep-15 Mar-18 340 92% Infrastructure

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SewerageImprove Drainage System, Sukho Thai Palace

May-15 Nov-15 50 0% Infrastructure

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Sewerage

Reinforced Concrete Dam - Thawiwatthana

Canal Oct-15 Jul-16 35 50% Infrastructure

34


Sewerage

Improve Cover Pipeline Pumping,

Sukhumvit 42 Sep-15 Dec-15 10 0% Infrastructure

35Port Authority of Thailand

Construction of Laem Chabang Port (Port A)

with Facility Dec-15 Nov-16 1,030 100% Marine

18,420 8,563

36

Electricity Generating Authority

of Thailand [EGAT]Mae Moh Mine, EGAT [NWR-SCBB 50:50]

Mar-09 Feb-18 8,400 23% Earth Work

8,400 1,932

SUB TOTAL===>

Joint Venture

SUB TOTAL===>

[last update 31/03/2016] [Unit : Million Baht]

17

Current Backlog (Unsigned Contract)



1


Sewerage

Improve Drainage System, Chitralada Villa

Royal Residence

180

Day 55 100% Infrastructure


Underground Power Transmission Lines,

Khlong Phra Khanong

600

Day 375 100% Tunnel



Conduits, Chulalongkorn Hospital

700

Day 140 100% Tunnel



Conduits, Ramintra Road

840

Day 240 100% Tunnel

5


Sewerage

Improve Drainage System, Chitralada Villa

Royal Residence (Project 2)

240


6Expressway Authority of Thailand

Build and Reconstruction a connecting route

to Expressway Kanchanaphisek

720



Construction of railway overpass of train

route of Don Si Non - Ban Pho district

780


8Private

ABPR3 - 123MW Combined Cycle

Cogeneration Plant, Rayong

720

Day 340 100% Industrial


Roadway Extension from Highway No.7

Route of Bangkok - Ban Chang

930



Roadway Overpass the Highway No.7

(Km.107+200), Sriracha

810



Railway Overpass the Train Route No.1012,

Nakhon Pathom

720


2,955 2,955

29,775 13,450

[Unit : Million Baht] [last update 31/03/2016]

Note

- Joint Venture [JV] Project are Presented Only NWR's Portion

- Total Value is Roundup

SUB TOTAL===>

GRAND TOTAL===>

18

Backlog Type & Expected Gross Margin

Future projects are to be focused on high-margin worksin which the company has competitive edge

Expected Gross Margin By Project Type Total Backlog Composition by Project Types

Higher Company's expertise &Core focus of '15 & '16

Marine

Tunnel

Industrial

Infrastructure

Building

Lower Earth Work

19

Cost Structure

20

New Project Engagement

‘16 New Project Engagement by Type

21

New Projects Awardedin 2016

Project Owner Contract Value Type

(THB mm)

1. Power Plant 2 * 110 MW Private 587 Industrial

2. Motor Way DOH 785 Infrastructure

3. Flood Protection DPT 280 Infrastructure

4. Highway DRR 299 Infrastructure

5. Power Plant EGAT 2,000 Industrial

6. Airport DOA 1,313 Infrastructure

TOTAL 5,264

22

Recent Completed Project

23

Veranda Resort Pattaya

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Oil Business AcademyAyutthaya

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Current Project

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Kantary Hotel Nakhonratchasima

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Mae Moh Power Plant Lampang

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Bangsue Drainage Tunnel

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Marketing

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New Businesses

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New Business - Property Development

ISSI CondominiumThe Issara Ladprao

Based on its success from CIN, the Company will selectively invest in more property projects that provide both attractive margins and synergies with its current business

• Modern high end condominium on ladprao road

• JV with Charn Issara Development PCL (CI:NWR 60:40)

• Project revenue ~ THB 2,700 mm

• Total 561 units

• Modern condominium on Suksawat road

• JV with Charn Issara Development PCL (CI:NWR 60:40)

• Project revenue ~THB 1,900 mm

• Total 892 units

• Unit area: 21-55 m2

32


Baranee ParkVilla Baranee

• The housing project on Rangsit Klong 3 Road

• 100% owned by NWR

• Expected project revenue ~ THB 630 mm

• Total 198 units

• Total land 35-3-1 rais

• The housing project on Romklao Road

• A subsidiary 99% owned by NWR (Mana

Patanakarn Company Limited)


• Total 94 plots

• Total land 22 rais

33


Aspen Condo Lasalle

• Low rise condominium on Lasalle road

• A subsidiary 99% owned by NWR (Mana

Patanakarn Company Limited)


• Total 425 units

• Total land 3-3-78.1 rais

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พธิวีางศลิาฤกษโ์ครงการเอสเพนคอนโด

35

Q&A Session

36

Thank You

37

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