TRC Construction Public Company LimitedOpportunity Day 1 September 2020

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Content

Company overview

New Projects & Backlog

Bidding Projects

Financial Highlights

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4

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Key Milestone

2005- Registered as a public

company limited - Listed on the Market for

Alternative Investment

- Move to The Stock Exchange of Thailand

- Received 3 mai Awards2013 2020 : Smart IoT

Ecosystem

Established Olive Technology Co.,Ltd.

1998 : ContractorEstablishedTRC Construction Co.,Ltd.

2007 : EPC ContractorAcquisitionSahakarn Wisavakorn Co.,Ltd.

2015

Received 2 SET Awards

2019 : UtilitiesInvestment in AT Energy Solution Co.,Ltd.(subsidiary)

2017 : UtilitiesEstablished TRC Utility Co.,Ltd. (subsidiary)

Investment in SH Crossing Co.,Ltd. (JV)

CG “Excellent”3 consecutive years

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“A Pioneer Organization who delivers innovative project solution in the region” (CLMVT)

“เรามุง่มั่นทีจ่ะสรา้งสรรคน์วตักรรมและตอบสนองความตอ้งการทีด่ทีีส่ดุใหก้ับลกูคา้ทัง้ในประเทศและภมูภิาคเอเชยีตะวนัออกเฉยีงใต ้(CLMVT)”

We will create best working environment and become the best Operational – excellence organization.เราจะสรา้งเสรมิบรรยากาศการทํางานใหด้ทีีส่ดุและเป็นองคก์รทีม่กีารปฏบิตักิารทีมุ่ง่สูค่วามเป็นเลศิ

We will conduct business with good corporate responsibility.เราจะบรหิารจัดการธรุกจิ ดว้ยความรับผดิชอบตอ่สงัคม ชมุชน และสิง่แวดลอ้ม

We will deliver sustainable returns through good governance.สรา้งผลตอบแทนทีน่า่พงึพอใจอยา่งยั่งยนืและบรหิารงานอยา่งโปรง่ใส

TRC MISSION

We will deliver excellent service with high quality , environmental and safety awareness to ensure our clients’ success.สง่มอบบรกิารทีม่คีณุภาพ ตรงตามเวลา มคีวามปลอดภัย และนํามาซึง่ความสําเร็จของธรุกจิลกูคา้

Society

TRC VISION

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◄ Be Innovative

◄ Energetic

◄ Target-oriented

◄ Respect & Trust

◄ Commitment

COREVALUEs

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PerformanceMonitoring

Safety Monitoring

AlertManagement

Report

Real-time Tracking

Construction Utilities & Investment

Smart IoT Ecosystem

TRC BUSINESS

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Founded in 1954, Sahakarn Wisavakorn Co., Ltd. is leading Civil Engineering and Special rank registered contractor with many Thai Government Agencies.

TRC Utilities Co., Ltd

Supply municipality water with capacity 3,300 Q3/day in Tasit SAO, Pluak Daeng, Rayong.

Subsidiary in June 2017

A Specialist contractor in underground work such as HDD and pipe-jacking. SH Crossings Co., Ltd. is a joint venture between SKW and Langfang Huayuan.

Joint Venture in November 2017

In 1991, ASEAN Potash Mining Co., Ltd was established with the ASEAN

member. The Project had been carried out in forms of ore-investigative drill,

channel excavation, trial mining, technical and environmental studies.

A fully integrated solution provider for Smart IoT Ecosystem. Olive Technology Co.,Ltd is

a joint-venture company between TRC and Xsense Information Service.

Subsidiary in March 2020

AT Energy Solution Co., Ltd. is provides turnkey basis in various energy services

solution for industrial customers. AT Energy is a joint-venture company between TRC

and Asia Green Energy (AGE)

Associate in August 2019

EPCC Turnkey Service in Oil & Gas, Petrochemical Industry, Large Scale Governmental Infrastructure

and Energy Sector.

TRC Group & Affiliates

Construction

Utilities & Investment

Smart IoT Ecosystem

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Investment in TRC-UT

38,444 35,934

64,733

44,388

57,860 55,567

52,421 51,681

55,850

49,921

62,802

54,117

67,972

70,897

63,978

83,861

70,981

58,341

Sales (Unit : m3)

2020 2020

(Q 2) (Q 1)

Sales (m3) 213,183 202,847

Sales (MB.) 4.50 4.24

Profit (MB.) 1.14 1.11

2019 ΔQ 2(Q 2) 2020-2019

Sales (m3) 157,815 0.06

Sales (MB.) 3.27 1.23

Profit (MB.) 0.55 0.59

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Investment in AT Energy Solution Co., Ltd.

- Electricity sales from Solar FarmTRC (50%) + AGE (50%)

AT Energy Solution Co., Ltd.

AT Energy One Co., Ltd.

AT Holding Vietnam Co., Ltd.

- Steam sales

Potential Steam sales

49%

100%Potential

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Investment in1. Logistic Solutions Services 2. Building Energy Management System

3. Water Information Management System

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Content

Company overview

New Projects & Backlog

Bidding Projects

Financial Highlights

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4

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Owner: Thai O il Public Company LimitedClient: Joint Venture of Petrofac South East Asia Pte. Ltd., Saipem

Singapore Pte. Ltd. and Samsung Engineering (Thailand) Co., Ltd.Scope of Work: Fabrication and Construction of 1 5 Storage TanksContract Value: Baht 4 8 4 millionProject Period: 2 1 months

Fabrication and Construction of 15 New Storage Tanks (Clean Fuel Project at Sriracha Refinery)

Infrastructure works for Ditch improvement Vibhavadi Rangsit Road Section 1 Phase(2 contract)

Owner: Metropolitan Electricity Authority and Metropolitan Waterworks Authority

Scope of Work: Manhole, underground cable works and Layingwater pipes

Contract Value: Total of Baht 6 4 millionProject Period: 2 0 months

2nd Qtr 2020 : TRC Group obtained 6 New Projects total work value 644 MB

The significant projects :

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20.82%78.66%

0.52%

Pipeline system Civil Works Engineering system

Scope of Works No. of Projects Remaining Value (MB)

Civil Work 15 6,765

Pipeline System 4 1,790

Processing Plant 1 45

Total 20 8,600

TRC, 28.03%

SKW, 71.97%

TRC SKW

Company No. of Projects Remaining Value (MB)

TRC 7 2,411

SKW 13 6,189

Total 20 8,600

Civil

Engineering

Pipeline

Backlog by CompanyBacklog by Scope of Works

Backlog

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Projects on HandProject Value

(MB)

Remaining Work

Value%

Remaining

Value (MB)

Expected year of

completion

TRC Projects

1. Block Valve & Facility Station (5TP1) 989.78 17.00% 168.25 2020

2. Raw Water Pipeline System Klong Luang Reservoir - Chonburi 1,833.00 75.67% 1,387.03 2021

3. Piping Spool Fabrication Works 235.57 98.82% 232.79 2021

4. Fabrication and construction of 15 new storage tanks 483.69 100.00% 483.69 2023

5. Other Project (3 Projects) 489.93 139.68 2020-2022

Total TRC Projects 4,031.97 2,411.44

SKW Projects

1. Construction of overpass bridge, Na Ranong Intersection 1,524.37 72.10% 1,099.10 2021

2. Lubricants Distribution Center Project 600.00 59.09% 354.54 2020

3. The construction of Highway (Don Si Non) 558.88 53.51% 299.06 2021

4. Conversion of Overhead Line to Underground System Project, Ratchadaphisek-Asoke Route 2,205.42 88.99% 1,962.65 2022

5. Ditch improvement Vibhavadi Rangsit Road Section 1 697.07 80.27% 559.53 2021

6. Conversion of Overhead Line to Underground System Project, Rama IV Route 517.76 99.31% 514.18 2021

7. Medical Building for Thabo Crown Prince Hospital 691.44 99.96% 691.15 2022

8. Other Project (6 Projects) 1,438.61 708.32 2020-2021

Total SKW Projects 8,233.55 6,188.53

Total TRC Group Projects 12,265.52 8,599.9714

28%

Significant Ongoing Projects

24%

Water Pipeline System Klong Luang Reservoir - Chonburi 1,833 MB

Owner : Eastern Water Resources Development and Management Public Company Limited Scope of Work : Construction of Water Pipeline System, length of approximately 45 kilometers and Pump Station.

Construction of Overpass Bridge, Manhole and Underground Duct Bank on Rama 3 Road at Na - Ranong Intersection 1,524 MBOwner : Bangkok Metropolitan Administration and Metropolitan Electricity AuthorityScope of Work: Construction of overpass bridge, Manhole and Underground Duct Bank, Na Ranong Intersection.

41%

Lubricants Distribution Center Project 600 MB

Owner : PTT Oil and Retail Business Public Company Limited Scope of Work : EPC for office Building Lubricants Distribution Center with installation of Automated Storage and Retrieval System.

15

20%

11%

Significant Ongoing Projects

Ditch improvement Vibhavadi Rangsit Road Section 1 697 MB

Owner : Nong Khai Province

Scope of Work: Improvement of roadside drainage system and Infrastructure works of Vibhavadi Rangsit Road.

Conversion of Overhead Line to Underground System Project, Ratchadaphisek - Asoke Route 2,205 MB

Owner : Metropolitan Electricity Authority

Scope of Work: Conversion of Overhead Line to Underground System, road length of approximately 8.2 kilometers.

0%

Construction of the Medical Building for Thabo Crown Prince Hospital Project 691 MB

Owner : The Department of Highways, Metropolitan Electricity Authorityand Metropolitan Waterworks Authority

Scope of Work: Construction of a ten-story hospital building with total area of 28,176 square meters.

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Content

Company overview

New Projects & Backlog

Bidding Projects

Financial Highlights

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4

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Bidding Project

Potential ProjectNo Type Location Project Value (MB)

1 Pipeline Chonburi Province 896

2 Pipeline Laos 59

3 Pipeline Rayong Province 48

4 Pipeline Rayong Province 121

5 Civil and Infrastructure Chachoengsao Province 1

Total 1,125

Waiting sign contract No Type Location Project Value (MB)

1 Pipeline Chonburi Province 254

2 Civil and Infrastructure Phatthalung Province 889

3 Civil and Infrastructure Bangkok 514

Total 1,657

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Content

Company overview

New Projects & Backlog

Bidding Projects

Financial Highlights

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2

3

4

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Impact of COVID-19

Procurement Delay Construction Delay

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5 Years Performance

2015 2016 2017 2018 2019

Revenues (MB) 3,955.03 3,736.90 2,435.83 2,304.52 3,426.61Gross Profit (MB) 637.78 750.65 510.41 -88.71 57.29Net Profit (loss) (MB) 305.96 290.76 92.79 -2,041.57 -293.28Gross Profit Margin for Construction services income (%) 16.44% 20.30% 21.54% -3.90% 1.58%Gross Profit Margin Other services income (%) N/A N/A N/A -10.47% 31.39%Net Profit (loss) Margin (%) 7.74% 7.78% 3.81% -88.55% -8.56%Debt to Equity Ratio (Time(s)) 0.89 0.86 0.67 3.35 3.43Earnings (loss) per share (Baht) 0.07 0.057 0.015 -0.331 -0.038Par value per Share (Baht) 0.125 0.125 0.125 0.125 0.125No. of Shares 4,522,766,096 5,135,985,760 5,869,693,296 6,163,165,825 9,587,146,838Market Cap. (Million Baht) 8,909.85 7,344.46 6,221.87 2,465.27 1,150.46

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6-Month & Q2 Operation Performance

Closed 31/01/20 28/02/20 31/03/20 31/04/20 29/05/20 30/6/20

TRC Price (Baht) 0.11 0.09 0.06 0.10 0.12 0.15

www.set.or.th

+/- Change 6 M +/- Change Q2 +/- Change

(2020 - 2019) (2020 - 2019) Q2 2020 - Q1 2020

Revenues (MB) 1,466.77 1,694.50 227.73 665.03 731.13 963.37 66.10 -232.24 Gross Profit (MB) 51.88 101.07 49.19 16.67 3.12 97.94 -13.55 -94.82 Net Profit (loss) (MB) -121.16 -66.43 54.73 -73.35 -78.07 11.64 -4.72 -89.71

GP Margin for Construction services income (%) 3.47% 5.87% 2.40% 2.38% 0.19% 10.13% -2.19% -9.94%

GP Margin Other services income (%) 29.80% 38.22% 8.42% 33.64% 38.67% 37.59% 5.03% 1.08%Net Profit (loss) Margin (%) -8.26% -3.92% 4.34% -11.03% -10.68% 1.21% 0.35% -11.89%

Earnings (loss) per share (Baht) -0.0197 -0.0069 0.0128 -0.0119 -0.0081 0.001 0.0038 -0.0091Par value per Share (Baht) 0.125 0.125 0 0.125 0.125 0.125 - -No. of Shares 6,163,165,825 9,587,146,838 3,423,981,013 6,163,165,825 9,587,146,838 9,587,146,838 3,423,981,013 - Market Cap. (Million Baht) 1,171.00 1,438.07 267.07

6 M 2019 6 M 2020 Q2 2019 Q2 2020 Q1 2020

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TRC-UT

202020202019Change Qtr 2

(Qtr 2)(Qtr 1)(Qtr 2) 2020-2019

Sales (m3)213,183202,847157,8155536855,368.00

Sales (MB.)4503557.754236889.53271111.81232445.951,232,445.95

Profit (loss) (MB.)1141736.351111395.76549473.41592262.94592,262.94

Backlog

Current Backlog ณ ไตรมาส 1 ปี 2563

TRC's Backlog Scope of WorksNo. of ProjectsRemaining Value (MB)

No.Project NameType of Project Owner/ClientWork Value Uncompleted RemainingProject Period% Completed asRemainingCivil Work146,626662654711276.38

Works(MB)Work Value (MB) Work Value%Year at Mar 2020 Work Value%Pipeline System41,929192843437922.24

2991The Fifth Transmission Pipeline Project Phase 1 (5TP1) Project Contractor : Sinopec International Petroleum Service CorporationE, P, CPTT Public Company Limited989778276.7276199306.927.91%2018202072.09%27.91%Processing Plant1120120199714.21.38

3032Design, Supply, Construction and Commissioning of Refined Glycerin Plant ProjectE, P, CBangchak Biofuel Company Limited (BBF)389752640120199714.230.84%2019202069.16%30.84%Total198,675100.00

3053Raw Water Pipeline System Klong Luang Reservoir-ChonburiE, P, CEastern Water Resources Development and Management Public Company Limited 1833000000141415950077.15%2019202122.85%77.15%

3074จัดจ้างเดินท่อและ Re-Condition อุปกรณ์เพื่อใช้ที่พื้นที่ GPPPE, P, CPTT Public Company Limited7500000250875033.45%2020202066.55%33.45%

3095Piping Spool Fabrication WorksJoint Venture of PSEAL, SSING and SET235566822235566822100.00%202020210100.00%

Total TRC's backlog as at 31 March 202034555977392048634093CompanyNo. of ProjectsRemaining Value (MB)

TRC52,04923.62

SKW's Backlog SKW146,62676.38

No.Project NameType of Project Owner/ClientWork Value Uncompleted RemainingProject Period% Completed asRemainingTotal198,675100.00

Works(MB)Work Value (MB) Work Value%Year at Mar 2020 Work Value%

2017/118-31The Kanlapaphruek Road ExtenstionE, P, CMetropolitan Electricity Authority364878638.329562102481.02%2017202118.98%81.02%

2017/123-32Improvement of Pracharuamjai Road – Mitmaitri RoadE, P, CMetropolitan Electricity Authority4185168395231460.4881.25%2017202098.75%1.25%

2018/1263ทางหลวงหมายเลข 4 อ.ตะกั่วป่า-อ.ท้ายเหมือง ตอนบ.ทับละมุ-บ.ทุ่งมะพร้าวE, P, CThe Department of Highways347383177.65592869.161.61%2018202098.39%1.61%

2018/1274โครงการก่อสร้างสะพานข้ามแยก ณ ระนองE, P, CBangkok Metropolitan Administration125708224398190694078.11%Q3 2018202121.89%78.1100%1524371963

2018/127-14.1งานก่อสร้างบ่อพักและท่อร้อยสายไฟฟ้าใต้ดินในถนนพระราม 3 ร่วมกับโครงการก่อสร้างสะพานข้ามแยก ณ.ระนองE, P, CMetropolitan Electricity Authority267289719.6247483551.492.59%Q4 201820217.41%92.59%122939049180.65%19.351016578854100%

2018/1315Lubricants Distribution Center Project E, P, CPTT Oil and Retail Business Public Company Limited 60000000039108000065.18%Q4 2018202034.82%65.18%

2019/1326โครงการก่อสร้างทางหลวง ดอนสีนนท์ (ฉะเชิงเทรา)E, P, CThe Department of Highways558878504.7378092485.667.65%Q1 2019202132.35%67.65%

2019/1337โครงการเปลี่ยนระบบสายไฟฟ้าอากาศเป็นสายไฟฟ้าใต้ดิน โครงการรัชดาภิเษก-อโศกE, P, CMetropolitan Electricity Authority 2205420561201705559091.46%Q1 201920228.54%91.46%

2019/1368Drainage Syatem - Tungsong (via Wattsan) E, P, CDepartment of Public Works and Town & Country Planning 220881264.5169239224.876.62%Q2 2019202123.38%76.62%

2019/1379Ditch improvement Vibhavadi Rangsit Road Section 3 Phase km.28+030.000 – km.30+300.00E, P, CThe Department of Highways293688504.7238798123.281.31%Q3 2019202118.69%81.31%

2019/13810Ditch improvement Vibhavadi Rangsit Road Section 1 Phase km.5+500.000 – km.10+700.00E, P, CThe Department of Highways633014018.7566762771.589.53%Q3 2019202110.47%89.53%

2019/13911Conversion of Overhead Line to Underground System Project, Rama IV RouteE, P, CMetropolitan Electricity Authority517757000514339803.899.34%Q3 201920210.66%99.34%

2019/13512Multipurpose gymnasium building E, P, CThailand National Sports University 81775700.9381775700.93100.00%Q1 202020210.00%100.00%

2020/14013Infrastructure for Nihonbashi Bangpakong Phase 1E, P, CBangpakong Logistics Park Company Limited55981308.4142131532.7175.26%Q1 2020202024.74%75.26%

2020/14114Medical Building for Thabo Crown Prince Hospital E, P, CNong Khai Province691436034.6691436034.6100.00%Q1 202020220.00%100.00%

Total SKW's backlog as at 31 March 202085139835156626547112

Conclusion of TRC Group's Backlog (Unit: MB)No. of the ProejctsProject ValueRemaining

TRC Backlog as at 31 March 2020534555977392048634093

SKW Backlog as at 31 March 20201485139835156626547112

Total TRC Group Backlog as at 31 March 202019119695812538675181205

Other Project1,783,105,433.33838,389,935.24

backlog Q2

Current Backlog ณ ไตรมาส 2 ปี 2563

TRC's Backlog

No.Project NameType of Project Owner/ClientWork Value Uncompleted RemainingProject PeriodScope of WorksNo. of ProjectsRemaining Value (MB)

Works(MB)Work Value (MB) Work Value%YearCivil WorkPipeline SystemProcessing PlantCivil Work156,76578.663%

2991Block Valve & Facility Station 5TP1 Project Contractor : Sinopec.E, P, CPTT Public Company Limited989778276.7168247789.517.00%20182020Pipeline System0168247789.50Pipeline System41,79020.814%

3032Refined Glycerin Plant ProjectE, P, CBangchak Biofuel Company Limited (BBF)389879412.844626677.2811.45%20192020Processing Plant0044626677.28Processing Plant1450.523%

3053Raw Water Pipeline System Klong Luang Reservoir-ChonburiE, P, CEastern Water Resources Development and Management Public Company Limited 1833000000138703110075.67%20192021Pipeline System013870311000Total208,600

3074Piping and Re-ConditionE, P, CPTT Public Company Limited7500000250875033.45%20202020Pipeline System025087500

3095Piping Spool Fabrication WorksE, P, CJoint Venture of PSEAL, SSING and SET235566822232787133.598.82%20202021Pipeline System0232787133.50

3116Civil and structure work packageE, P, CTHAI OIL PUBLIC COMPANY LIMITED9254714992547149100.00%20202022Civil Work9254714900

3127Fabrication and construction of 15 new storage tanksE, P, CJoint Venture of PSEAL, SSING and SET483694843483694843100.00%20202023Civil Work48369484300CompanyNo. of ProjectsRemaining Value (MB)

Total TRC's backlog as at 30 June 202040319665042411443442TRC72,41128.03%

SKW136,18971.97%

SKW's Backlog Total208,600

No.Project NameType of Project Owner/ClientWork Value Uncompleted RemainingProject Period

Works(MB)Work Value (MB) Work Value%Year

118-3 / 20171The Kanlapaphruek Road ExtenstionE, P, CMetropolitan Electricity Authority364878638.329562102481.02%20172021Civil Work29562102400

123-3 / 20172Improvement of Pracharuamjai Road – Mitmaitri RoadE, P, CMetropolitan Electricity Authority4185168395231460.4881.25%20172020Civil Work5231460.48800

127 / 2018 3Na ranong-overpassE, P, CBangkok Metropolitan Administration125708224388385452570.31%Q3 20182021Civil Work88385452500

127-1/ 20183.1Na ranong-ElectricE, P, CMetropolitan Electricity Authority267289719.6215248411.280.53%Q4 20182021Civil Work215248411.200

131 / 20184Lubricants Distribution Center Project E, P, CPTT Oil and Retail Business Public Company Limited 60000000035454000059.09%Q4 20182020Civil Work35454000000

132 / 20195Construction of highway #3304 : Don Sri NonE, P, CThe Department of Highways558878504.7299055887.553.51%Q1 20192021Civil Work299055887.500

133 / 20196Overhead line to underground System: Ratchada - Asoke E, P, CMetropolitan Electricity Authority 2205420561196264786588.99%Q1 20192022Civil Work196264786500

136 / 20197Drainage Syatem - Tungsong (via Wattsan) E, P, CDepartment of Public Works and Town & Country Planning 220881264.5108231819.649.00%Q2 20192021Civil Work108231819.600

137 / 20198Ditch improvement Vibhavadi Rangsit Road Section 3E, P, CThe Department of Highways293688504.7217960923.774.21%Q3 20192021Civil Work217960923.700

138 / 20199Ditch improvement Vibhavadi Rangsit Road Section 1 E, P, CThe Department of Highways633014018.7496169048.178.38%Q3 20192021Civil Work496169048.100

138-2 / 20209.1Vibhavadirangsit section 1 – MEAE, P, CMetropolitan Electricity Authority34622429.9133926519.0797.99%Q2 20202021Civil Work33926519.0700

138-3 / 20209.2Vibhavadirangsit section 1 – MWAE, P, CMetropolitan Waterworks Authority29430639.2529430639.25100.00%Q2 20202021Civil Work29430639.2500

139 / 201910Overhead Line to Underground System : Rama IV RouteE, P, CMetropolitan Electricity Authority517757000514184476.799.31%Q3 20192021Civil Work514184476.700

135 /201911Multipurpose gymnasium building E, P, CThailand National Sports University 81775700.9359778037.3873.10%Q1 20202021Civil Work59778037.3800

140 / 202012Infrastructure for Nihonbashi Bangpakong Phase 1E, P, CBangpakong Logistics Park Company Limited55981308.4120438775.736.51%Q1 20202020Civil Work20438775.700

140-1 / 202012.1Infrastructure for Nihonbashi Bangpakong Phase 1E, P, CBangpakong Logistics Park Company Limited2897196.261060698.0536.61%Q2 20202020Civil Work1060698.0500

141 / 202013Medical Building for Thabo Crown Prince Hospital E, P, CNong Khai Province691436034.6691152545.899.96%Q1 20202022Civil Work691152545.800

6764774649179057477344626677.28

Total SKW's backlog as at 30 June 202082335506026188532657

Conclusion of TRC Group's Backlog (Unit: MB)No. of the ProejctsProject ValueRemaining

TRC Backlog as at 30 June 20207403196650424114434422,411,443,442.32

SKW Backlog as at 30 June 202013823355060261885326576,188,532,656.60

Total TRC Group Backlog as at 30 June 202020122655171068599976099

Project on hand

489926561.8139682576.3

Project Value (MB)Remaining Work Value%Remaining Value(MB)Expected year of completionCurrent Backlog ณ ไตรมาส 2 ปี 2563

TRC ProjectsTRC's Backlog

1. Block Valve & Facility Station (5TP1)989.7817.00%168.252020No.Project NameWork Value Uncompleted Remaining

2. Raw Water Pipeline System Klong Luang Reservoir - Chonburi1,833.0075.67%1,387.03202124%(MB)Work Value (MB) Work Value%

3. Piping Spool Fabrication Works235.5798.82%232.7920212991Block Valve & Facility Station 5TP1 Project Contractor : Sinopec.989778276.7168247789.517.00%2020

4. Fabrication and construction of 15 new storage tanks483.69100.00%483.6920230%3032Refined Glycerin Plant Project389879412.844626677.2811.45%2020

5. Other Project489.93139.682020-20223053Raw Water Pipeline System Klong Luang Reservoir-Chonburi1833000000138703110075.67%2021

3074Piping and Re-Condition7500000250875033.45%2020

Total TRC Projects4,031.972,411.443095Piping Spool Fabrication Works235566822232787133.598.82%2021

SKW Projects3116Civil and structure work package9254714992547149100.00%2022

1. Construction of overpass bridge, Na Ranong Intersection1,524.3772.10%1,099.10202128%3127Fabrication and construction of 15 new storage tanks483694843483694843100.00%2023

2. Lubricants Distribution Center Project 600.0059.09%354.542020Total TRC's backlog as at 30 June 202040319665042411443442

3. The construction of Highway (Don Si Non)558.8853.51%299.062021

4. Conversion of Overhead Line to Underground System Project, Ratchadaphisek-Asoke Route2,205.4288.99%1,962.65202211%SKW's Backlog

5. Ditch improvement Vibhavadi Rangsit Road Section 1697.0780.27%559.53202120%No.Project NameWork Value Uncompleted Remaining

6. Conversion of Overhead Line to Underground System Project, Rama IV Route517.7699.31%514.182021(MB)Work Value (MB) Work Value%

7. Medical Building for Thabo Crown Prince Hospital 691.4499.96%691.1520220%118-3 / 20171The Kanlapaphruek Road Extenstion364878638.329562102481.02%2021

8. Other Project1,438.61708.322020-2021123-3 / 20172Improvement of Pracharuamjai Road – Mitmaitri Road4185168395231460.4881.25%2020

127 / 2018 3Na ranong-overpass125708224388385452570.31%2021

Total SKW Projects8,233.556,188.53127-1/ 20183.1Na ranong-Electric267289719.6215248411.280.53%1524371963109910293672.10%2021

Total TRC Group Projects12,265.528,599.97131 / 20184Lubricants Distribution Center Project 60000000035454000059.09%2020

132 / 20195Construction of highway #3304 : Don Sri Non558878504.7299055887.553.51%2021

133 / 20196Overhead line to underground System: Ratchada - Asoke 2205420561196264786588.99%2022

136 / 20197Drainage Syatem - Tungsong (via Wattsan) 220881264.5108231819.649.00%2021

137 / 20198Ditch improvement Vibhavadi Rangsit Road Section 3293688504.7217960923.774.21%2021

138 / 20199Ditch improvement Vibhavadi Rangsit Road Section 1 633014018.7496169048.178.38%2021

138-2 / 20209.1Vibhavadirangsit section 1 – MEA34622429.9133926519.0797.99%2021

138-3 / 20209.2Vibhavadirangsit section 1 – MWA29430639.2529430639.25100.00%697067087.9559526206.580.27%2021

139 / 201910Overhead Line to Underground System : Rama IV Route517757000514184476.799.31%2021

135 /201911Multipurpose gymnasium building 81775700.9359778037.3873.10%2021

140 / 202012Infrastructure for Nihonbashi Bangpakong Phase 155981308.4120438775.736.51%2020

140-1 / 202012.1Infrastructure for Nihonbashi Bangpakong Phase 12897196.261060698.0536.61%2020

141 / 202013Medical Building for Thabo Crown Prince Hospital 691436034.6691152545.899.96%2022

Total SKW's backlog as at 30 June 202082335506026188532657

1438619452708322738.9

Performance

Performance

6 M 20196 M 2020 +/- Change 6 MQ2 2019Q2 2020Q1 2020 +/- Change Q2 +/- Change

20152016201720182019(2020 - 2019)(2020 - 2019)Q2 2020 - Q1 2020

Revenues (MB)3,955.033,736.902,435.832,304.523,426.611,466.77 1,694.50 227.73 665.03 731.13 963.37 66.10 -232.24 FS

Gross Profit (MB)637.78750.65510.41-88.7157.2951.88 101.07 49.19 16.67 3.12 97.94 -13.55 -94.82 MD&A

Net Profit (loss) (MB)305.96290.7692.79-2,041.57-293.28-121.16 -66.43 54.73 -73.35 -78.07 11.64 -4.72 -89.71 MD&A

GP Margin for Construction services income (%)16.44%20.30%21.54%-3.90%1.58%3.47%5.87%2.40%2.38%0.19%10.13%-2.19%-9.94%MD&A

GP Margin Other services income (%)N/AN/AN/A-10.47%31.39%29.80%38.22%8.42%33.64%38.67%37.59%5.03%1.08%MD&A

Net Profit (loss) Margin (%)7.74%7.78%3.81%-88.55%-8.56%-8.26%-3.92%4.34%-11.03%-10.68%1.21%0.35%-11.89%MD&A

0.890.860.673.353.43MD&A

Earnings (loss) per share (Baht)0.070.0570.015-0.331-0.038-0.0197-0.00690.0128-0.0119-0.00810.0010.0038-0.0091FS

Par value per Share (Baht)0.1250.1250.1250.1250.1250.1250.12500.1250.1250.125- 0-FS

No. of Shares4,522,766,0965,135,985,7605,869,693,2966,163,165,8259,587,146,8386,163,165,8259,587,146,8383,423,981,0136,163,165,8259,587,146,8389,587,146,8383,423,981,013-FS

Market Cap. (Million Baht)8,909.857,344.466,221.872,465.271,150.461,171.001,438.07267.07Cal. Or Folder ราคาหุ้น TRC

0.00

Market Cap. = No. of Shares x ราคาปิด

Segment

PipelineEngineeringCivilOtherService income

20152131151223613880

20161797115874203697

2017107334595022370

2018100742082962262

20199583892018133378

1 Qtr 2019 1631494773792

4 Qtr 2019 382964903971

1 Qtr 20203381344776955

9 Months 20195762931528102407

Price

SET

Closed31/01/2028/02/2031/03/2031/04/2029/05/206/30/208/21/20

Price0.110.090.060.100.120.150.12

Type of Service Income3,880

3,697

2,370 2,262

3,378

1,6721,971

1,797

1,073 1,007 958

476

1,535

1,158

345 420 389209

373

742950 829

2,018

976

1 0 2 6 13 11

2015 2016 2017 2018 2019 1H / 2020Total Pipeline Engineering Civil Other

23

SG&A Expenses

82.88 83.41

126.85

86.6482.08 80.86

72.17 69.14 65.3980.29

92.37 90.72102.89

87.64 83.18 80.53

66.8474.32

109.61

69.49 70.97

134.96

332.26349.80

344.91318.43

376.25

8.40%

9.36%

14.04% 13.82%

10.98%

10.13%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

2015 2016 2017 2018 2019 1H / 20200

50

100

150

200

250

300

350

400

Q1 Q2 Q3 Q4 Total %SG&A

24

Financial Position

Non-Current Assets

704

Current

Assets2,830

Cash Equivalent 182

Equity840

Non-Current Liabilitie

s 97

Current Liabilities2,306

Bank overdraf

ts and ST-Loan

473

Non-Current Assets

775

Current

Assets2,810

Cash Equivalent 48

Equity773

Non-Current Liabilities 115

Current Liabilities2,219

Bank overdraf

ts and ST-Loan

526

31 Dec 2019, Baht 3,716 Million

30 Jun 2020, Baht 3,633 Million

Financial Position & Financial RatioFinancial Ratio

3.95 4.12

2.763.43 3.30 3.70

31 Mar 19 30 Jun 19 30 Sep 19 30 Dec 19 31 Mar 20 30 Jun 20

D/E RatioMillion Baht

-4.65%

5.87%

-6.12%

0.70%

-10%

-5%

0%

5%

10%

Year 2019 Q1 2020 Q2 2020 1H / 2020

EBITDA Margin

25

Disclaimers

Information disclosed on this presentation includes forward looking information of TRC determined by TRC based on information available at the time, as well as information about risks and

factors of uncertainty related to economic trends, intensified competition in the industry, market demand, exchange rates, applicable laws and regulations. Operating results and other

information published in the future may vary due to these factors. TRC is in no way responsible for any damage incurred due to the use of information disclosed on this presentation.

Further, no obligation to revise and/or publish forward-looking information on this presentation based on new information and/or future events.

The information disclosed on this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or

subscribe for securities in TRC in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.

Thank youEmail: ir_trc@trc-con.comTel: +66 2022 7777 Ext. 3207/3213Fax: +66 2022 7778

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