Académique Documents
Professionnel Documents
Culture Documents
Agenda
Q&A Session
Company Overview
Vision
To become the leading contractor of Thailand delivering projects in respect of standard and safety for both natural gas pipeline, petrochemical industry and energy fields along with its sustainable growth.
Mission
1. To enhance the companys consistent growth with the good conduct of the corporate governance practice for highly benefit of the company and its shareholders.
2. To recognize human dignity by treating all employees on fairly basis with disregard of race , class, complexion or religion.
3. To emphasize human development through rendering knowledge gain, skill and expertise trainings as well as required knowledge in concerned areas for the companys sustainable growth. 4. To strive toward teamwork performance , passing on skill and knowledge including experience from one generation through another.
5. To emphasize design engineering works, encourage learning participation and utilize new technology in cooperation with both domestic and international alliances to develop Thai engineers capability to be identical with the international ones. 3 6. To reward society and community.
Project Development
Greenfield / Brownfield Project Development Capability Conceptual Design Basic Engineering Feasibility Study Advisory Services
Construction
EPC Turnkey Pipeline / Small & Medium Process Plant / Modular Fabrication Civil work / infrastructure Project Management Consulting (PMC)
Commissioning / Testing
Engineering Capability
Oman Project
EPC for Flowline Lump Sum Project in Oman Turnkey Bangchak Consortium with Bio Diesel Plant Siemens for OCS#1 Project (757 MB)
1998
Established with experience group of engineers undertaking small pipeline projects
2005
Listed in MAI with Baht 1.70 IPO price Successfully JV with CPP (China) for 2,100 MB pipeline project
2007
Acquired Sahakarn Wisavakorn Co., Ltd. as subsidiary
2008
Project Development & Investment Division established EPC capability for Biodiesel Processing Plant
2009
Successfully landed in Oman Undertaking PTT Gas Separation Plant Project
2010
Awarded by Gulf JP a EPC Pipeline Package of THB 2,016 MB + 21.09 Mil USD
2011
Awarded for EPCC of Ethanol Project
Mechanical Installation and Process Plant Construction for Energy and Petrochemical Industry
Provide service excellence and maintain the highest level of customer satisfaction
Competent and experienced professional management team & operation personnel
Continuously growing sustainable revenue and profit stream while creating loyal and engaged customers
Strong risk management and solid liquidity management to enables financial flexibility
Establishing strong strategic alliances and focus on high margin projects with high barriers to entry
10
Agenda
Q&A Session
11
EPC
12
13
14
15
16
Owner : Thai ABS Company Limited SKWs Work Value: THB 280 million Scope of Work: Construction of Concrete Steel Buildings, Steel Structure and Infrastructure Project location at inside IRPC plant, Rayong Province
Work Period: Jan 12 - Dec 12 % of Completion as at 30 Sep 12: 70%
17
18
19
Pipeline Project
Owner : PTTEP Oman Company Limited TRCEs Work Value: Approximately THB 184 million
Scope of Work: Project location: Block 44 concession area of PTTEP in the northwest of Oman; Shams-16 flowline and its related equipment & facilities; Munhamir-1 and Munhamir-2 flowline and its related equipment & facilities; Munhamir crude export pipeline Type of Contract: EPC Contract
20
Expansion in Oman: EPCC and O&M in Oil & Gas and Petrochemical Sectors
EPCC and O&M in Oil & Gas and Petrochemical Sector
New opportunity in Oman to be explored and committed by TRC and its strategic partner Scope of Work: Engineering, Procurement, Construction Commissioning and Operating & Maintenance focusing on oil & gas sector and petrochemical industry Target: To be awarded the project value THB 150 million within 2012 for the above scope of work
21
22
Project Name
A.2 SPPs
A.3 Distribution Pipelines A.4 Construction Call Off Services
500
500 n/a
2013 - 2014
2012 onwards
2013 onwards
B. Processing Plant
B.1 Waste Heat Recovery 1,300 2013 - 2014
2,000
1,700 70
2013 - 2014
2013 - 2014
2012
2013 - 2016
700
Approximate 11,770
23
Agenda
Q&A Session
24
TRC Construction Services Income Interest Income Other Income Total Revenues Cost of Services Gross Profit Administrative Expenses and Finance Cost Earning before Tax Tax Net Profit before Minority Interest Less: Minority Interest (40% for TRCA, 30% for TRCE) Net Profit for the Parent Company Gross Profit Margin Net Profit Margin
SKW
TRCA
(Oman)
TRCE
(Oman)
TRCI
(Hong Kong)
1,658.48 1,375.51 3.07 2.52 8.44 8.06 1,669.99 1,386.09 - 1,409.42 - 1,270.07 260.57 116.02 94.46 18.78 166.11 97.25 38.17 10.73 127.94 86.52
3,323.90 5.26 0.31 17.41 0.31 3,346.57 - 2,915.38 431.19 0.44 159.44 0.13 271.75 49.26 0.13 222.49 1.42 221.07 12.29% 6.61%
15.02% 7.66%
7.67% 6.24%
19.07% 3.93%
14.14% -1.27%
100.00% 82.18%
Total Revenue
In 2012, the 3rd quarter 2012 performance of TRC, its revenue is the 2nd highest while its profit is the 3rd highest among MAI 79 listed companies.
4,000 - 4,500
(MB)
4,500
4,000
3,500
3,346
3,000
135% Growth
1,264 2,262 1,814
2,500
2,000
1,724
1,500
1,567
1,426
640
1,068
1,000
500
1,014
9-M 2012
2012 (F)
1st Qtr
2nd Qtr
3rd Qtr
26
Pipeline 58.5%
Year 2009
(1,695 MB)
Year 2010
(1,452 MB)
Pipeline 58.6%
Pipeline
Civil
Other Services
27
Net Profit
(MB)
300
204% Growth
200
221
86
183
149
127
100
73 43
18
59
76
12
-100
-200
-166
2008 2009 2010
1st Qtr
2011
2nd Qtr
9-M 2011
3rd Qtr
9-M 2012
28
16.4%
14.6% 12.0% 7.0% 6.6% 5.1% 13.4% 12.3%
6.6%
0.0%
-5.0% -10.0% -9.6% -15.0% 2008 2009 Gross Margin 2010 2011 9-M 2011 Net Profit Margin 9-M 2012
29
2.91
0.38
0.55
2008
2009
2010
EPS
2011
BVPS
9-M 2011
9-M 2012
30
2.00
1.98
0.60
0.50
0.61
Calculated from (Total Liabilities Advances from Customers Unearned Construction Revenue)/ Total Equity
31
0.318
0.3
0.25
0.2
0.15
2007
Dividend/ Net Profit after Legal Reserve
2008
34.43%
2009
N/A
2010
50.66%
2011
83.73%
92.56%
32 Net Loss 46 MB
Paid-up Capital
Registered Capital
(MB)
471.50
133.80
General Mandate
329.99
330.67
333.56
336.59
1.11
150
336.59
Paid-up Capital
33
265 1,352
3,415 135 310 2,835 2,500 2,000 1,500 1,000 2,970
3,000
1,641 284
1,501
1,266 315
1,357
1,186
500
-
2007
2008
2009
2010
2011
30 Sep 2012
34
Note: 1. Oman subsidiaries consist of TRC & Al Ghalbi LLC and TRC Engineering LLC which TRC International Ltd. invested 60% and 70%, respectively. 2. Backlog is shown the outstanding work value of total projects.
(MB)
E, P, C
1,547.43
1,547.43
2. Gas Pipeline Construction Work for Gulf JPs IPP Project (The Project value 1,185 MB and USD 16.345 million) 3. PTTAR-IRPC Multiproduct Pipeline
E, P, C
1,689.62
804.46
Oct 11
Jun 13
E, P, C
722.50
253.16
Jul 11
Jan 13
4. Schedule of Rate Period Contract for Mains and Services at Various Location 5. - 10. Gas Pipeline Construction Work for Gulf JPs 7 Small Power Plant (SPP) Projects (Total 6 contracts, the project value 831 MB and USD 4.745 million) 11. Mechanical and Piping Work Packing of C5 12. Improvement Off-take Station (OTS) and Installation of new Natural Gas Pipeline for Gas Pressure Reducing Station (PRS) Project
E, P, C
144.00
117.22
Nov 11
Oct 13
E, P, C
974.60
80.60
Oct 11
Sep 13
E, P, C E, P, C
BST Specialty Company Limited AMATA Natural Gas Distribution Company Limited
72.00 76.00
71.21 64.60
Aug 12
Feb 13
Jun 12
Dec 12
13. Schedule of Rate Period Contract for Mains and Services at Various Location 14. N/G Gas Pipeline to Siam Fibre Company Limited
15. Dismantle and Construction Structure Steel and Piping on Piperack from BST
E, P, C
AMATA Natural Gas Distribution Company Limited PTT Public Company Limited
Bangkok Synthetics PCL.
Nov 11
Oct 13
E, P, C
E, P, C
Oct 12 Jul 12
Dec 12 Oct 12
35
Project Name
16. TPP Piperack Extension (State#1)
Type of Works
Project Owner/ Client - Bangkok Industrial Gas Company Limited - Thai Industrial Gases Public Company Limited - Vinythai Public Company Limited
(MB)
E, P, C
15.71
0.38
Total 16 Projects
5,367.75
2,970.35
36
Project Name
1. 400,000 Liter per Day Bio-Ethanol Plant Project
(MB)
E, P, C
2,134.10
191.00
E, P, C
280.00
84.78
Jan 12
Dec 12
E, P, C
20.36
20.36
Sep 11
Oct 13
E, P, C
13.99
13.99
Completed in
Sep-Oct 2012
Total 5 Projects
2,448.45
310.14
37
Project Name
Type of Works
(MB)
Project Period
Construction of Flow Lines Rima Satellites Small Fields one-year Extension (The project value approximately OMR 1.80 million)
E,P,C
145.94
96.79
May 12
Apr 13
Total 1 Project
145.94
96.79
(MB)
Project Period
Shams-16 Munhamir-1&2 flow Line and Munhamir Crude Export Pipe Line Project (The project value approximately OMR 2.27 million)
E,P,C
183.55
38.08
Aug 11
Dec 12
Total 1 Project
183.55
38.08
38
5
1
310.14
96.79
38.08
23
3,415.36
39
Volume Price
120,000
100,000
80,000
60,000
40,000
0.00
40
Agenda
Q&A Session
41