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OPPORTUNITY DAY ON 24 March 2014

TIRATHAI PUBLIC COMPANY LIMITED

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1 Company Profile

2 Vision and Mission

4 Business Plan & Investment

6 Question & Answer

Content

5 Forecast for 2014

3 Operating Result of Year 2013

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L.D.S. METAL WORK Co.,ltd.

(Plant II – Head Office)

Manufacture for Power transformer

Capacity up to 300 MVA System

Voltage up to 230 kV

THAIFINS Co.,ltd.

Manufacture for Transformer’s

fins and Tank support to

Tirathai Plc.,ltd.

(Plant I ) Manufacture for Distribution transformer

Capacity up to 10 MVA System

Voltage up to 36 kV

TIRATHAI & It’s subsidiary

TIRATHAI Public company Limited

TIRATHAI E&S Co.,ltd.

Distribution , installation

maintenance service of

electrical power equipment

Manufacture for Tank

and fabricate steel .

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Transmission line 500, 230, 115 kV

Transmission line 230, 115, 69 kV

PRIVATE SUBSTATION Big Industry > 10 MVA

Transmission line 230, 115, 69 kV

MEA’S SUBSTATION ~60 MVA

6.6, 22, 33 24 kV

6.6, 3.3 416/240, 400/230 kV

Distribution line 24, 12/24 kV

Distribution line 22, 33 kV

Infrastructure & Housing 416/240 V

Industry & Big Building 400/230 V

PEA’S SUBSTATION ~60 MVA

Step up Transformer Power Plant

Transmission Line

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Rectifier & Induction Furnace

Capacity 1-10 MVA Rated Voltage 36 kV.

Capacity 5-300 MVA Rated Voltage 230 kV.

Distribution Transformer

Capacity 1-100 MVA Rated Voltage 36 kV.

Products of Tirathai

Power Transformer

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230, 500 kV TERMINAL STATION

SUBSTATION

POWER PLANT

12, 22,24,33 kV

69, 115 kV

240/416 , 230/400 V

Power Network Products

Tirathai E&S Co.,Ltd.

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HV Gas Insulated Switchgear Aerial Crane Device and

Digger Derrick Unit

Tirathai E&S Co.,Ltd.

Products of TRT E&S

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LOGO Products of L.D.S.

Transformer Tank Drying Oven

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LOGO Products of L.D.S.

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LOGO Hongsa Power Plant Project

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LOGO Belt Conveyor

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LOGO Vision & Mission

Vision, Mission for Sustainable Business Future

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LOGO Vision

To be a leading transformer manufacturer, distributor and comprehensive services provider in Asia and Oceania and to seek opportunities of joint venture in related energy business. These will be supported with quality performance serving customer’s demand on the basis of corporate good governance and social responsibility.

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LOGO Missions

BUSINESS

To utilize technical expertise to collaborate with customers in order to design and manufacture transformers of quality suitable for

their system and nature of work. Also to develop a complete range of service system to support customers’ electrical system

maintenance.

To expand the market structure covering countries in Asia and Oceania.

To increase distribution channels of energy generating and distributing equipments and to enter joint ventures in energy

generating system projects.

CUSTOMER

To serve customers' need by focusing on quality, reasonable price, in time delivery and good service.

To be strongly intent on being the first choice of customers at any time when they demand transformer products and services.

HUMAN RESOURCES

To encourage, develop and retain people to obtain their expertise and to build up their spirits of Teamwork, Quality, Integri ty and

Customer focus.

CORPORATE GOVERNANCE

To have credibility to the shareholders and treat all stakeholders with fairness.

CORPORATE SOCIAL RESPONSIBILITY

To be a good member of the society and perform business with responsible concern for the public.

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LOGO Operating Result of Year 2013

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LOGO Consolidated financial Statements

Unit: Million Baht 2010 2011 2012 2013

Total Revenue 1,519.93 1,882.95 1,956.15 2,534.96

Revenue from Sales & Service 1,492.03 1,854.68 1,921.16 2,517.89

Gross Profit 441.09 555.11 374.57 657.94

EBITDA 237.21 308.32 130.87 320.30

EBIT 205.10 268.21 82.86 268.35

Net Profit 142.73 199.42 29.56 177.06

Total Assets 1,685.46 1,938.96 2,552.24 2,575.98

Total Liabilities 753.73 874.86 1,496.52 1,391.62

Shareholders' Equity 931.73 1,064.13 1,024.27 1,184.36

Financial Ratio

Gross Profit Margin (%) 29.56% 29.93% 19.50% 26.13%

Net Profit Margin (%) 9.39% 10.59% 1.51% 6.98%

Return on Asset (%) 11.22% 14.80% 3.71% 10.53%

Return on Equity (%) 16.64% 19.98% 2.83% 16.08%

Book Value Per Share (Par1Baht) 3.75 3.80 3.66 3.85

Earning Per Share 0.59 0.73 0.11 0.58

Dividend Per Share 0.30 0.40 0.01 0.30

Stock Dividend Ratio - - 10:1 -

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LOGO PDP 2010 Rev.3 with RE Contribution

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LOGO Peak Electricity Demand

ข้อมลู : กองสารสนเทศ ฝ่ายส่ือสารองค์การ กฟผ.

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Million Baht

1,000

2,500

4,000

5,500

Before Investment After Investment

Total Income

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Main Product & New Business

After Investment

Type 2013 2014 2015 2016 2017

Distribution Transformer

1,000 1,120 1,150 1,270 1,400

Power Transformer

1,115 1,300 1,790 2,100 2,500

Service & Others 124 70 55 61 67

Total 2,239 2,490 2,995 3,431 3,967

Distributing Equipment

181 250 275 302 322

Tank & Steel Fabricate plant

151 470 500 554 610

Total 2,535 3,210 3,770 4,288 4,909

2,535

3,210

3,770

4,288

4,909

0

1000

2000

3000

4000

5000

6000

Tank & Steel Fabricate plantDistributing EquipmentServicePowerDistribution

M’baht

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1,000 1,500

4,000

7,500

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Before Investment After Investment

Distribution transformer Power Transformer

MVA

5,000

9,000

Increase Transformer Production Capacities

from 5,000 MVA to 9,000 MVA or 80% Increase After Investment

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-

2,000

4,000

6,000

8,000

10,000

Before Investment

After Investment

1,500

10,000

Before Investment After Investment

Tones

Increase Tank & Fabricate Steel Production Capacities

from 1,500 to 10,000 tones per year

or 666% increase after investment

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Expected Completion

Date

1. Power Transformer Plant Expansion 1 Quarter 2014

2. New Distribution Transformer Plant Mid of 2015

3. New Tank and Fabricate Steel Plant Mid of 2015

Investment Progress

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LOGO Forecast for 2014

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Customer 2011 2012 2013 2014 (F)

-Government 810 645 960 960

- Local 676 655 878 995

- Export 292 275 277 465

- Service 52 134 97 50

- Others 53 49 27 20

Distributing Equipment - 151 181 250

Tank & Steel Fabricate plant - 47 115 470

Total 1,883 1,956 2,535 3,210

Structure of Incomes by Customer

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Product 2011 2012 2013 2014 (F)

- Distribution 1,189 786 1,000 1,120

- Power 589 789 1,115 1,300

- Service 52 134 97 50

- Others 53 49 28 20

Distributing Equipment - 151 181 250

Tank & Steel Fabricate plant - 47 115 470

Total 1,883 1,956 2,535 3,210

Structure of Incomes by Product

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LOGO Delivery & Backlog Orders As of 28 Feb. 2014

Customer M’ Baht

MEA Dist. 79

Power 148

PEA Dist. 0

Power 0

EGAT Dist. -

Power 0

Local Dist. 225

Power 537

Export Dist. 86

Power 179

Other Distributing Equipment

Tank & Steel Fabricate plant

178

500

Total

1,932

Delivery in 2014 = 1,596 M’Baht

Delivery in 2015 = 150 M’Baht

Delivery in 2016 = 186 M’Baht

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LOGO Bids and Quotations in Process as of 28 Feb. 2014

Customer M’ Baht

MEA 2,300

PEA 2,000

EGAT 100

Local 1,950

Export 1,000

Others

(Distributing equipment)

700

Total 8,050

** Expect to receive the above orders approximately 20-25%

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Question & Answer

Thank You