START TTW PUBLIC COMPANY LIMITED Factsheet...
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Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The statements are based on assumptions and beliefs in light of the information currently available. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Please note that the company and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements. COMPANY MILESTONE Disclaimer 30/130 Moo 12, Buddha Monthon 5 Rd, Rai Khing, Sam Pran, Nakhon Pathom, Thailand 73210 www.ttwplc.com TTW Public Company Limited +66 2019 9490 – 3 Ext. 1108, 1110 +66 2420 6064 [email protected] TTW IR Contacts Factsheet Q1'2020 TTW PUBLIC COMPANY LIMITED was selected into "SET100 Index" "SETHD Index" and "SETTHSI Index"* for the period of the First half of 2020 by SET *"SET announces the results of the semi-annual SET Index series review for the period of the Second half of 2020. For calculating the index during 1 July - 31 December 2020. TTW has been selected for calculations in the "SET50 index" "SETHD index" and "SETTHSI index". (Published on 15 June 2020) August: Acquired BIE Rights 2008 May: Listed in SET December: Second WPSA with PWA 2010 September: First Expansion Completed (Design Cap. = 320K/Day -> 440K/Day) 2007 2006 February: Acquired Water Flow Co., Ltd. July: Converted to Plc. February: Acquired 98% PTW Shares 2011 2014 March: Changed the Company’s Name to “TTW” September: Acquired 30% CKP Shares 2015 2017 June: The Construction of 2 nd Water Treatment Plant was completed (Design Cap. 440K/Day -> 540K/Day) May: Increased CKP Shares and oversubscribed to 25.13% CKP Shares 2009 2019 September: Increased CKP Shares to 24.98% January: First Day of Sales (Design Cap. = 320K/Day) July: Official COD 2004 2000 September: Company established and entered into WPSA with PWA START TO BE THAILAND’S LEADING COMPANY IN WATER, ENERGY AND ECO-FRIENDLY BUSINESSES AWARDS AND RECOGNITIONS TTW was classified CG scoring into the "Excellent" from Corporate Governance Report by IOD was selected as 1 of 100 listed into "ESG100" for the year 2019 by Thaipat Institute (for 4 consecutive years) was received a credit rating at "AA-" with a "Stable" outlook by Tris Rating received the "Certificate of SDG Impact Company 2020: Gold Class" by Thaipat Institute was selected as a listed company engaging in the "THSI Investment 2019" : Market cap. of 30,000-100,000 MB (for 4 consecutive years) received the "Sustainability Discloser Award 2019" by Thaipat Institute received 100 Scores (full score) "AGM Checklist 2019" by TIA (for 6 consecutive years) received the "Thailand Corporate Excellence Awards 2019" for Corporate Management Excellence by TMA
Transcript of START TTW PUBLIC COMPANY LIMITED Factsheet...
Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The statements are based on assumptions and beliefs in light of the information currently available. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Please note that the company and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements.
COMPANY MILESTONE
Disclaimer
30/130 Moo 12, Buddha Monthon 5 Rd, Rai Khing, Sam Pran,
Nakhon Pathom, Thailand 73210
www.ttwplc.com
TTW Public Company Limited
+66 2019 9490 – 3 Ext. 1108, 1110
+66 2420 6064
TTW IR Contacts
Factsheet Q1'2020
TTW PUBLIC COMPANY LIMITED
was selected into "SET100 Index" "SETHD Index" and "SETTHSI Index"* for the period of the First half of 2020 by SET
*"SET announces the results of the semi-annual SET Index series review for the period of the Second half of 2020. For calculating the index during 1 July - 31 December 2020. TTW has been selected for calculations
in the "SET50 index" "SETHD index" and "SETTHSI index". (Published on 15 June 2020)
August: Acquired BIE Rights2008
May: Listed in SETDecember: Second WPSA with PWA
2010
September: FirstExpansion Completed
(Design Cap. = 320K/Day -> 440K/Day)
2007
2006
February: Acquired Water Flow Co., Ltd.July: Converted to Plc.
February: Acquired98% PTW Shares
2011
2014
March: Changed the Company’s Name
to “TTW”
September: Acquired30% CKP Shares
2015
2017
June: The Constructionof 2nd Water TreatmentPlant was completed
(Design Cap. 440K/Day -> 540K/Day)
May: Increased CKPShares and oversubscribed
to 25.13% CKP Shares
2009
2019
September: IncreasedCKP Shares to 24.98%
January: First Day of Sales(Design Cap. = 320K/Day)
July: Official COD
2004
2000
September: Companyestablished and entered
into WPSA with PWA
START
TO BE THAILAND’S LEADING COMPANY IN WATER, ENERGY AND ECO-FRIENDLY BUSINESSES
AWARDS AND RECOGNITIONS
TTW
was classified CG scoring into the "Excellent" from Corporate Governance Report by IOD
was selected as 1 of 100 listed into "ESG100" for the year 2019 by Thaipat Institute (for 4 consecutive years)
was received a credit rating at "AA-" with a "Stable" outlook by Tris Rating
received the "Certificate of SDG Impact Company 2020: Gold Class" by Thaipat Institute
was selected as a listed company engaging in the "THSI Investment 2019" : Market cap. of 30,000-100,000 MB (for 4 consecutive years)
received the "Sustainability Discloser Award 2019" by Thaipat Institute
received 100 Scores (full score) "AGM Checklist 2019" by TIA (for 6 consecutive years)
received the "Thailand Corporate Excellence Awards 2019" for Corporate Management Excellence by TMA
STOCK INFORMATION
FINANCIAL HIGHLIGHTS
Portion of Revenue Total Revenue
TTW 12.70 14.50/11.30
19.20 36.15% 55.06 Billion
BUSINESS HIGHLIGHTS
CURRENT PROJECTS
1,076,000Total Design Capacity
m3/day
The largest private producer of tap water supplied to Provincial Waterworks Authority (PWA)
Net Profit EBITDA
Financial Position Financial Ratios
Dividend PaymentSHAREHOLDING STRUCTURE
1,936*
Accumulated Sales Volume
*From the first day of distribution to Mar 31, 2020.
TTW
2,314*PTW
*The Krathumban Water Treatment Plant (TTW2nd) can be expanded the design capacity up to 400,000 m3/day
mil. m3/day
(Unit: m3/day)Capacity of TTW Group
BusinessService
Contract Type
ContractPeriod
DistributionArea
Design Capacity
SalesVolume
BUSINESS STRUCTURE
(Unit: mil. m3/day)
PTW BIE
TTW Public Company Limited
Produces and distributes tap water
Pathum Thani WaterCompany Limited
Produces and distributes tap water
*2% is ownedby PWA
CK Power Public Company Limited
Power holding company
9,240 MB Registered Capital8,129 MB Paid-up Capital
Thai Water OperationsCompany Limited
Operates tap water and waste water
98%*
68%
32%
24.98%
3,990 MB Registered Capital
1,200 MB Registered Capital
60 MB Registered Capital
60
30
55
TTW Group (%)
TTW
PTW
BIE
Others
*Approximately
*Profit (loss) sharing from investment in associated company decreased by 13.6% YoY
*Repayment of long-term loan & debenture redemption of 500 MB (Feb'20)
*As of 31 Mar 2020
TTW
as of 31 Mar 2020
SET Symbol Last Price (THB) 52-Week High/Low (THB)
P/E Ratio (X) Free Float Market Cap: THB
2019 VS 2018
+3.9%
Q1’2020 VS Q1’2019-2.7%
FY2018 FY2019 Q1’2019 Q1’2020FY2017
8.278.51
8.84
2.09 2.03
2019 VS 2018
+4.9%
Q1’2020 VS Q1’2019
+2.2%
FY2018 FY2019 Q1’2019 Q1’2020FY2017
145.9
158.3
166.1
40.5 41.4
FY2018 FY2019 Q1’2019 Q1’2020FY2017
5,747.4
5,948.5
6,165.6
1,511.31,541.7
(Unit : MB)
FY2018 FY2019 Q1’2019 Q1’2020FY2017
4,699.9
4,901.5
5,269.8
1,269.9 1,177.0
(Unit : MB)
FY2018 FY2019 Q1’2019 Q1’2020FY2017
2,663.2
2,841.9
3,128.0
737.9 637.9
(Unit : MB)
(Unit : MB)
Assets
Equity
Liabilities
31 Dec 2019
23,1
58
10,0
33
13,1
25
31 Mar 2020
23,2
32
9,6
48
13,5
83
ROE (%)
ROA (%)
D/E (x)
NET D/E (x)
FY2018 FY2019 Q1’2020FY2017
22.6
11.5
0.96
0.67
12.3
0.89
0.53
13.6
0.76
0.47
0.71
0.38
23.1 23.419.1
11.0
EPS
DPS
FY2018 FY2019FY2017
0.680.60 0.67 0.60
0.72
0.60
FY2017Particular
EPS (Bt./Share)
FY2019FY2018
0.68 0.720.67
DPS (Bt./Share) 0.60 0.600.60
Dividend/Net Profit 88.7% 83.9%89.8%
Mitsui Water Holdings
(Thailand) Company
Limited
CH. Karnchang Public
Company Limited
Bangkok Expressway
and Metro Public
Company Limited
Thai NVDR
Bangkok Life Assurance
Public Company Limited
Others
3,990 MBRegistered Capital
19.40%19.40%
18.47%18.47%
3.51%
7.00%
25.98%25.64%
At present In the future
TTW2nd* PTWTTW
440,000400,000
100,000
488,000
BIE
48,000
Dividend policy: Dividend payment is not less than 50% of its net profitafter deduction of corporate income tax, statutory reserve, and other reserves required by terms of relevant agreements.
2019 VS 2018
+2.1%
Q1’2020 VS Q1’2019
+3.1%
FY2018 FY2019 Q1’2019 Q1’2020FY2017
135.8145.9
148.9
36.6 37.8
Waste Water Management
Tap water SupplyTap water SupplyTap water Supply
2004 – 2034
BIE (Bang Pa-In Industial Estate, Ayutthaya)
North Bangkok (Pathum Thani – Rangsit)
West Bangkok (Nakhon Pathom – Samut Sakhon)
TW: 48,000 m3/day,
WW: 18,000 m3/day488,000 m3/day*540,000 m3/day
2009 – 203930yrs.
30yrs. 1998 – 2023
BOO Rights (Operating Lease)BOOT
25yrs.
Design Capacity: 440,000 m3/day
