company presentation opportunity day q4/2019 9 april 2019 · company presentation opportunity day...

Asia Green Energy Public Company Limited

Company Presentation

Opportunity Day

Q4/2019

9th April 2019

1. AGE Overview2. Financial Performance3. Business Outlook

Agenda

2

Agenda

1. AGE Overview AGE Business and Process Our Business Structure Beyond Coal Supply Environmentally Friendly Process Awards of Pride

3

AGE Overview - AGE Business and Process

• Sourcing and distributing high-quality clean coals (Bituminous) from Indonesia and Russia

• Environmentally friendly logistics service provider

4

Trading Business• Sourcing and Distributing high-quality Clean Coals (Bituminous) from Indonesia and

Russia

Bituminous coal is a dense and solid coal, typically composed of shiny jet-black coal layers, and popularly used as substitute fuel for furnace oil inIndustrial plants.

Power Plant cement Industry Textile Industry Paper Industry Food and Beverage Industry Others

Customers


5

Coal Mining Vessel Lighter PortStockpile

ScreeningTrucking

Sales Coal to

Customers

Vessel/Barge

Domestic

OverseaSales Coal

to Customers


Coal Mining

Coal Trading

6

Service Businesses

1. Port Services 2. Stockpile and Screening Services

3. Trucking Services 4. River Transportation Services

Cement Coal Biomass

Agricultural crops Others Products


7

Vessel Lighter Port Trucking Customers


Stockpile

Screening

Services

8

AGE Overview - Our Business Structure

9

Services

Coal

Screening

Stockpile

Port

Logistics

Coal Sourcing & Deliver Quality

AGE Overview - Beyond Coal Supply

10

AGE Overview - Environmentally Friendly Process

11

2013 2014 2015 2016 2017 2018 2019

Green Industry Level 3

Thailand Coal

Awards

EcoIndustrial

Town

CSR-DIW Continuous

Award

CSR-DIW Continuous

Award

CSR-DIW Continuous

Award

CSR-DIW Continuous

Award


CSR-DIW for BeginnerAward

Rising Star Sustainability Awards 2018

CSR-DIW Continuous

Award


AGE Overview - Awards of Pride

THSI 2018

CSR-DIW Continuous

Award

THSI 2019

12


Agenda

13

89.52% 94.25% 94.17%

10.48%5.75% 5.83%

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

Q4-18 Q3-19 Q4-19

Tons

Domestic Overseas

Financial PerformanceCoal Sales Quantity Coal Sales Revenue

QoQ +1.1%YoY -30.7%

752,176685,523 685,189

QoQ -0.5%YoY -8.9%

91.59%

95.97% 96.30%

8.41%

4.03% 3.70%

-

500.0

1,000.0

1,500.0

2,000.0

2,500.0

Q4-18 Q3-19 Q4-19

Million Baht

Domestic Overseas

1,923

1,3331,318

14

Financial PerformanceCoal Sales Quantity 12 Months Coal Sales Revenue 12 Months

15

-16.94% -22.44%

82.77%85.68% 95.45%

17.23%

14.32%4.55%

- 500,000

1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000

12M/2017 12M/2018 12M/2019

Tons

Domestic Overseas

3,396,6772,821,240

2,539,461

89.22%91.24%

97.01%

10.78%

8.76%

2.99%

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

12M/2017 12M/2018 12M/2019

Million Baht

Domestic Overseas

7,482.65

5,803.235,785.27

Financial PerformanceCoal Domestic Structure Q4/2019 Coal Overseas Structure Q4/2019

0.65 Million Tons

1,284 Million Baht

100%

Vietnam

0.04 Million Tons

49.35 Million Baht

8%

57%

35%

Screened Size

Direct Shipment

Mixed Size

16

Financial PerformanceCoal Domestic Structure 12M-2019 Coal Overseas Structure 12M-2019

13%

53%

34%Screened

Size

Direct Shipment

Mixed Size

2.69 Million Tons-7.7%

5,630 Million Baht-17.5%

100%

Vietnam0.13 Million Tons

-73.6%173.45 Million Baht

-73.5%

17

101.6 90.5 89.2

20

40

60

80

100

120

Q4-18 Q3-19 Q4-19

Million Baht

Revenue from Services

Financial Performance

QoQ -1.44%YoY -12.2%

Revenue from Services Structure

47%

15%

34%

1%3%

Gas Station

Port & Stockpile

Screening Services

River Transportation Services

Trucking Services89.2 Million Baht

18

146.68

418.13 393.0

100

300

500

12M/2017 12M/2018 12M/2019

Million Baht


19

-6%

Revenue from Services 12 months

Revenue from Services Structure 12 months

47%

19%

24%

6% 4%

Trucking Services

River Transportation Services

Gas Station

Port & StockpileScreening Services

12M/2019393.0 MB.

76%

6%

9%7%

2%

Trucking Services

Gas Station

Port & Stockpile Screening Services

River Transportation

Services 12M/2018418.13 MB.

73%

8%

9%10%

Trucking Services

River Transportation

Services

Port & Stockpile

Screening Services

12M/2017146.68 MB.

Financial PerformanceTotal Revenue

QoQ +1%YoY -29.8%

Gross Profit & Margin

2,024.9

1,408.7 1,422.2

200

600

1000

1400

1800

2200

Q4-18 Q3-19 Q4-19

Million Baht

212 209.8

170.2

0

50

100

150

200

250

Q4-18 Q3-19 Q4-19

Million Baht

QoQ -18.9%YoY -19.7%

20

10.5%

14.9%

12.0%

Financial PerformanceTotal Revenue 12 Months Gross Profit & Margin 12 Months

+12.4%-21.6%

21

5,932.0

7,900.8

6,196.2

-

2,000

4,000

6,000

8,000

10,000

12M/2017 12M/2018 12M/2019

Million Baht

609

718807

100 200 300 400 500 600 700 800 900

12M/2017 12M/2018 12M/2019

Million Baht

Financial PerformanceEBITDA & Margin Net Profit & Margin

85

127.9

58

0

20

40

60

80

100

120

140

Q4-18 Q3-19 Q4-19

Million Baht

35.2

85.6

35.5

0102030405060708090

Q4-18 Q3-19 Q4-19

Million Baht

1.7%

6.1%

2.5%

22

4.2%

9.1%

4.1%

EBITDA 12 months Net Profit 12 months


23

+54.7% +114.5%

256 281

435

0

100

200

300

400

500

12M/2017 12M/2018 12M/2019

Million Baht

120.5 127.2

272.8

-

50.0

100.0

150.0

200.0

250.0

300.0

12M/2017 12M/2018 12M/2019

Million Baht

ROA ROE

D/E EPS


Remark : EPS was calculated by using the number of shares at the original par value (Baht 0.25 per share)

1.3%

2.4%

0.8%

0.0%

1.0%

2.0%

3.0%

Q4-18 Q3-19 Q4-19

% Quartery

2.3%

4.9%

2.0%

0.0%

2.0%

4.0%

6.0%

Q4-18 Q3-19 Q4-19

% Quartery

2.21.52 1.61

0

1

2

3

Q4-18 Q3-19 Q4-19

Times

0.0191

0.0442

0.0184

0

0.02

0.04

0.06

Q4-18 Q3-19 Q4-19

Baht

24

ROA ROE

D/E EPS


Remark : EPS was calculated by using the number of shares at the original par value (Baht 0.25 per share) 25

2.91% 2.79%

5.64%

0.0%

2.0%

4.0%

6.0%

2017 2018 2019

% Quartery

8.50% 8.60%

16.29%

0.0%

10.0%

20.0%

2017 2018 2019

% Quartery

1.95 2.20 1.61

0

1

2

3

2017 2018 2019

Times

0.0665 0.0658

0.1411

0

0.05

0.1

0.15

2017 2018 2019

Baht

Financial PerformanceTotal Liabilities & Shareholders’ EquityTotal Assets

31 Dec. 201931 Dec. 2019

5.6%

22.1%

31.8%

35.7%

4.8%

Cash AR Inventories PP&E Others

4,732.08 MB.

40.0%

9.8%8.9%2.9%

38.4%

Short Term Loan AP Long Term Loan Others Equity

4,732.08 MB.

26

Agenda


28

Agenda 3. Business Outlook

• Stockpile expansion in Go Dau, VietnamCoal Market

Port Development Plan

Lighter project

Energy Solution Business

Warehouse Development Plan29

61.350.97

58.9

36.7

55.44 57.8669.87

34.81

14.119.1

23.9

15.7

19.18 22.0126.26

14.4

0

20

40

60

80

100

120

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19

Million tons Thermal Coal Other Coal

Coal Import 299.86 MT.(Jan.–Dec.2019) YoY 6.79%

Coal Import 197.2 MT. (Apr.2019-Feb.2020) YoY 1.49%

** Apr.2018-Feb.2019 is 194.3 MT. **

Coal Import 44.86 MT. (Jan.-Dec.2019) YoY 98.06%

Coal Import 21.63 MT. (Jan.- Dec.2019) YoY -13.52%

Coal Export 456 MT. (Jan.-Dec. 2019) YoY 6.43%Source : Vietnam customs / The data in Q1-20 are from Jan-Feb 2020

Source : http://english.customs.gov.cn

75.4 70.182.8

52.5

74.6 79.8796.13

49.24

New Castle Index

Business Outlook - Coal MarketChina Coal Imports

Vietnam Coal Imports

30

99.5 98.7594.85 93.3

84.2 86.15

71.4 76.274.25

65.75 65.7 66.4 67.15 68.4 68.5 66.2

40

60

80

100

120

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

USD/Ton

Jan Fab Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-20 Feb-20 Mar-20 Apr-20

3.61 2.813.97 4.10 3.77

6.575.13

7.189.37

11.73 12.17 11.59

6.67

0.00

5.00

10.00

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

Million tons



• Complete port No.3 in Q4-2019

• Complete port No.4 in 2020Port Development Plan

Lighter project



Business Outlook - Port Development Plan

32





• Complete more 6 lighters in 2020

• Total 36 lighters in 2020Lighter project



Business Outlook - Update Lighter project

34





• Complete more 6 lighters in 2020

• Total 36 lighters in 2020Lighter project

• Plan to invest in steam, hot air, cogeneration business and power plantEnergy Solution Business

• Plan to development the warehouse No.4 • Capacity 3,500 Tons/Day / Ready for production in

Q4/2020 / Budgets 90 MB.

Warehouse Development Plan

35

DISCLAIMER

The views expressed here contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Asia Green Energy Public Company Limited.

company presentation opportunity day q4/2019 9 april 2019 · company presentation opportunity day...

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