August 2020

TAKUNI GROUP PCL

1

Financial Highlight

Business Units

Company Overviews

About TAKUNIIntegrated Energy Solution

2

Financial Highlight

Business Units

Company Overviews

About TAKUNIIntegrated Energy Solution

3

Company structureIts subsidiaries

Takuni Group

Takuni Thailand RECGGAS Takuni Trading

CAZ

JKEC

99% 99% 99%

36%

73%

SORB SERMASCH

Takuni Land

EXACT Real EstateYi Hao Motor

99% 99%

47% 47%

40% 40%

4

Company OverviewIntegrated Energy Solution

Construction

Our Businesses has provided an One Stop

Service for our LPG related customer as

well as differentiate us from others.

For example, LPG Station customer,

1) Providing engineering and

construction service including process

all permission needed.

2) Supplying LPG including transport LPG

to customer station.

3) Providing safety inspection complied

with all regulations.

Customer

LPG Trading

Inspection

Vehicle Conversion

Property

Development

Transportation

Engineering Procurement Construction

5

Financial Highlight

Business Units

Company Overviews

About TAKUNIIntegrated Energy Solution

6

LPG Truck

LPG station

Industrial

use

Household

PTT

SGP

UAC

Trading Process

The company purchases LPG from

PTT, SGP, and refineries to sell LPG

under trademark of “Champion Gas”

to LPG stations, manufacturers, and

filling plant.

LPG WholesaleChampion Gas

PATHUM Depot400 Tons

PICHIT Depot1000 Tons

7

Quantity Sold to Sector (Tons)

LPG WholesaleTakuni Group PLC

8499

77947479

8323

72136710

5810 5605

4864

3324

1234 1035

17042143 2294

25813142 3354 3202 2982

1139 905 811 716 936 754 562 570 686 506

10872

9734 9994

11182

1044310045

9514 9529 8752

6812

0

2000

4000

6000

8000

10000

12000

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20

LPG Station Industrial Use Household Total

8

-9-

EPC

Engineering

Procurement

Construction

SMP& E&I Civil Others

Steel Structure

Mechanical

Piping

Electrical &

Instrument

Civil and

Building

PTT LNG Cold

WaterNG Vaporizer, NG

Heater, Tanks,

Pumps & etc.Contract Amount : 733

MB

July 2017– July 2018

PTT GC Olefins

ReconfigurationStructure & Equipment

Erection& Piping WorkContract Amount : 1,319

MB

May 2018 – July 2020

Thaioil Clean fuelCivil Work & Equip.

FoundationContract Amount : 921

MB

December 2019– May

2022

Shop

Fabrication

Tank Fabrication

Pressure Vessel

Fabrication

PTT Tank Terminal4,000 tons Spherical

Tank, Transfer Pump,

Ground Flare & Etc.Contract Amount : 345 MB

December 2016 – October

2018

Sphere Tank

Bullet Tank

Lorry Truck

Industrial

Gas Station

Filling Plant

Oil & Gas

Construction

Takuni Thailand Co., LtdCAZ (Thailand) PLC

-10-

ConstructionCAZ (Thailand) PLC & Takuni Thailand

375.47 342.03 345.37 335.98

469.47

554.43 552.65

650.93 637.29

585.85

-

100.00

200.00

300.00

400.00

500.00

600.00

700.00

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20

Revenue (MB)

3,159.13 Mil. BahtBacklog as at 30 Jun’20

Inspection ServicesRajchapleuk Engineering Co., Ltd.

Non Destructive Testing

11

Inspection ServicesRajchapleuk Engineering Co., Ltd.

Revenue (MB)

14.5615.84

21.40

26.40

15.07

19.20

21.79

32.47

24.23

22.00

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20

37.25% 62.75% Legal Inspection Service On-Request Inspection Service12

TransportationGgas Logistics Co., Ltd.

LPG Truck 17

Ammonia Truck 4

Trailer 4

Providing Hazardous (LPG,

Ammonia) and Construction

Equipment transportation

service with international

safety standard.

13

Property DevelopmentTakuni Land Co., Ltd.

Partner’s Experience

Land 15 Rai

Project Type Semi-Detached

Project Value Approx. 700 MB

Project Period 5 years

TAKUNI Proportion 40%

14

Financial Highlight

Business Units

Company Overviews

About TAKUNIIntegrated Energy Solution

15

0

200

400

600

800

1000

Proportion by Business Units

LPG trading Construction Other

Consolidated revenue

Y-o-Y (-5.94%) and Q-o-Q (-12.92%) : Decrease in revenue from LPG trading business due to the decreased in volume sold and

revenue from LPG depot construction as the completion stage of project.

81.14%

15.12%

361407

486

671583 551 564 579

685766 760

868828

721

0

200

400

600

800

1000

Revenue (MB)

19.57%

76.81%

Financial HighlightsConsolidated Revenue

72.01%

24.48%

16

5.90%

82.11%

7.49%

LPG Trading Construction Inspection Other

9.31

10.89

9.00 10.25 10.03 10.25

10.94

12.38

9.5110.33 9.98

9.298.55

7.08

0.29 0.63 1.04

2.48

0.50 0.831.40

2.88

-0.87

3.572.95 3.44

1.97

0.48

(5.00)

5.00

15.00

Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20

Profitability (%)

Gross Profit Net Profit

Financial HighlightsConsolidated Profit

Profitability

Y-o-Y (GP: -3.25%, NP: -3.09%) and Q-o-Q (GP: -1.47%, NP: -1.49%) : Decrease in profit because decreased in revenue from LPG

trading business as well as LPG stock loss from the selling price adjustment since the end of March 2020.

Gross Profit Proportion

Net Profit (MB)

3.0 4.67.9

16.9

-6.0

27.422.4

29.9

16.3

3.5

-10

0

10

20

30

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20

17

Financial HighlightsFinancial Status

Liabilities and Equity

Others

29.09%

D/E Ratio : 0.88

Interest Bearing debt: 0.29

Unbilled

Income

14.95%

Dec 2019 Jun 2020

Total Asset 2,319 MB 2,212 MB

Net Asset 1,196 MB 1,176 MB

Dec 2019 Jun 2020

Trade Receivable 320.57 MB 297.15 MB

Contract Assets 692.30 MB 589.32 MB

Inventory 222.17 MB 213.92 MB

PPE 692.02 MB 735.98 MB

Dec 2019 Jun 2020

Total Liabilities 1,123 MB 1,039 MB

Current Liabilities 958 MB 861 MB

Dec 2019 Mar 2020

Trade Payable 399.26 MB 372.85 MB

Contract Liabilities 241.89 MB 240.56 MB

Loan from Bank 382.65 MB 285.64 MB

Assets

18

Q & A

19