trc corporate presentation the 1 qtr 2014 operating...
TRANSCRIPT
Vision
3
To become the leading contractor of Thailand and Asian Region
delivering the EPC construction services for both natural gas pipeline
projects and petrochemical industry plants as well as stepping up to
become an investment developer in energy business with good
governance practice emphasizing on safety standard, environmental,
societal and community cares for sustainable and constant
growth.
4
Mission
To adhere to working with quality and in accordance with acceptable standard and customers’ satisfaction
with the mission of treating the followings stakeholders in various groups under the good governance:
Employees: to enhance a dignity concept of working with the organization, place importance on human
right respect and labor treatment on fairly and safety basis as well as human resource development, and
promote skills training in specific fields in parallel with team working management, knowledge and
experience sharing from one generation to another.
Shareholders: to operate and manage business under the good governance for maturity yield on fairly
and equally basis for all shareholders.
Customers: to aim at developing the service to deliver works with quality and safety to be in line with
customers’ satisfaction and required standard with on-time delivery and fair price.
Partners and Competitors: to mutually manage the business under the competition rule on fairly basis
together with enhancing a good relationship with partners and business networks on mutual benefit basis
for long-term relationship.
Community/Society/Nation: to emphasize on the impact management towards environment, community
and society with a continuous policy of annual budget provision for CSR activities both internally and
externally. The objective is to encourage responsibilities for community and environmental development
as well as returning benefits to society and community so as to address a sustainable development.
Key Corporate Milestone
• Bidding with many competitors and lower margin
2005Contractor
2006EPC Contractor• Providing Engineering, Procurement
& Construction services with fewer competitors and higher margin
2010Project Developer • Utilizing EPC experiences and
become the “ONE STOP SERVICE” for our clients
2013 onwardsInvestor • For sustainable
growth
• Lump Sum Turnkey Bangchak BioDiesel Plant Project
• Undertaking International & Large Scale Project Development
Nigeria Project
RR Project
• Wang Noi-Kaeng Khoi Cross Country Gas Pipeline• Listed on the MAI
• EPC for Flowline in Sultanate of Oman• Consortium with Siemens for OCS#1
Oman Project
Revamp OCS#1
• Moving to the SET in 2013• Navanakorn-Rangsit Project• Provincial Gas Transmission Project (JV with Sinopec)
• TRC is equipped capability of EPC and undertake Large Scale Projects• Ubon-Bio Ethanol• Gulf’s 7SPP and IPP Gas Pipeline Project
Gulf JP Pipeline
5
• CBG Investment Project in 2014
Ubon Bio-Ethanol
6
Strategic Partners
*
* CSCEC: China State Construction Engineering Corporation, China** TWC: Tiong Woon Crane Pte Ltd, China
**
8
SET Awards 2013
Outstanding CEO Awards Top Corporate Governance Report Awards
Outstanding Company Performance Awards
Our Core Business
EPC Services in Overseas
Mechanical Installation and Process Plant
Construction for Energy and Petrochemical Industry
Pipeline Construction for Energy
and Petrochemical Industry
Project Development and Investment 9
Key Success Factors
Competent and
experienced
professional
management team
& operation personnel
“Provide service excellence and maintain the highest level of customer satisfaction”
Strong risk
management
and solid
liquidity
management
to enables
financial flexibility
Continuously
growing
sustainable
revenue and
profit stream
while creating
loyal and
engaged customers
Establishing strong
strategic alliances
and focus on high
margin projects with high barriers to entry
10
New HSE Achievement of TRC Middle East LLC“4 Years LTI Free of Oman Project on 17 June 2013”
12
15
TRC Office Relocation on 23 June 2014
New Address: No.8 Soi Sukhapiban 5 soi 32, Tha Raeng, Bang Khen District, Bangkok 10220
Agenda
Company Overview
Ongoing Projects
Future Developments
Key Financial Highlights
Q&A Session
16
TRC Group Revenue Growth
• Ongoing Core Business
• PTT’s Provincial Gas Transmission Pipeline Saraburi to
Nakorn Ratchasima
• Gulf JP UT’s Gas Pipeline
• PTT’s Navanakorn-Rangsit Interconnecting Pipeline
• PTT’s Construction Phase for Remaining Gas Recovery
• PTTGC’s Pipeline Distribution System from CUP-1 to
PPLC#2
• PTT’s Natural Gas Pressure Reduction Station Pipeline
• REPCO’S 8” Offsite Polyol Pipeline
• PTT’s Construction of Region VIII Pipeline Operations
Center
• Ticon’s Bridge and Main Road Construction
• Alucon’s Warehouse & Building Construction
• Expansion in Oman
• Petrogas Rima (Extension Contract)
• Front End Engineering and Design (Feed) for
SR-WWTP Odor Abatement Project
• EPCC and O&M in oil & gas sector and
petrochemical industry
• Investment in CBG
EPC
17
Long-Term Investment
Civil works
Pipeline
Owner: PTT Public Company Limited
Contractor: Sinopec-TRC Joint Venture
Work Value: Baht 4,433.65 million + USD 103.45 million
TRC’s Work Portion: Approximately 21%
(Approximately of THB 1,635.90 million)
Scope of Work:
EPC of 28 inch diameter main transmission pipeline for approximately of 112 km. from Saraburi to
Nakhon Ratchasima
EPC of 6 Block Valve Stations, Launcher &
Receiving Station
Work Location: Along Highway No.2 (Mittraphab Road)
Work Period: Nov 13 - Apr 16
Pipeline Business: Provincial Gas Transmission Pipeline to Nakhon Ratchasima, PTT PLC.
18
GUT Gas Pipeline Project
Owner: Gulf JP UT Company Limited
TRC’s Work Value: THB 1,547 million
Scope of Work: EPC package of diameter 28
inches natural gas pipeline installation work
(21 km.), two block valve and one metering station
for Power Plant (IPP) project
Work Location: Rojana Industrial Park 3,
Ayutthaya Province
Work Period: Aug 12 - Jul 14
% of Completion as at 31 Mar 2014: 70.20%
Pipeline Business: GUT Gas Pipeline ProjectGulf JP UT Co., Ltd.
19
Navanakorn-Rangsit Interconnecting
Gas Pipeline Project
Owner: PTT Public Company Limited
TRC’s Work value: THB 834 million +
USD 7.55 million
(Approximately of THB 1,077.90 million)
Scope of Work: EPC package of diameter 28inches for natural gas (6.2 km.) transmissionbranch from KP.20 of the PTP-NS pipeline toNVRS gas pipeline network including onemetering and regulation station launcher/receiver station
Work Location: Alongside Highway No.9,Chiengrak Noi, Bang Pa-in, AyutthayaProvince
Work Period: Jul 13 - Apr 15
% of Completion as at 31 Mar 2014: 27.27%
Pipeline Business: Navanakorn-Rangsit Interconnecting Gas
Pipeline Project, PTT PLC.
20
21
New Awarded Pipeline Project in 2014 :
Natural Gas Pressure Reduction Station Pipeline Project
Natural Gas Pressure Reduction Station Pipeline
Project
Owner: PTT Public Company Limited
Work Value: THB 153.83 million
Scope of Work: EPC package of Natural Gas Pressure Reduction Station Pipeline Project
Work Location: Rojana Industrial Park, Prajeenburi Province
Work Period: Apr 14 - Mar 15
22
New Awarded Pipeline Project in 2014:PTTGC’s Pipeline Distribution System from CUP-1
Pipeline Distribution System from CUP-1
Owner: PTT Global Chemical Public Company Limited
Work Value: THB 149.39 million
Scope of Work: EPC package of Pipeline Distribution system test from CUP-1 to PPCL#2
Work Location: Hemaraj Rayong Industrial Land,
Rayong Province
Work Period: Mar 14 - Nov 14
23
New Awarded Pipeline Project in 2014:
Construction Phrase for Remaining Gas Recovery
Construction Phrase for Remaining Gas Recovery
Owner: PTT Public Company Limited
TRC’s Work Value: THB 53 million
Scope of Work: EPC package and test pipeline system
Work Location: PTT Rayong Gas Separation Plant, Rayong Province
Work Period: Jan 14 - Nov 14
24
New Awarded Project in 2014:REPCO’S 8” Offsite Polyol Pipeline Project
8” Offsite Polyol Pipeline Project
Owner: Rayong Engineering and Plant Service Company Limited
“REPCO”
TRC’s Work Value: THB 41.90 million
Scope of Work: Construction- 8” pipeline from Asia Industrial Estate Office to Map Ta Phut Industrial Estate
Work Location: Rayong Province
Work Period: Apr 14 - Nov 14
Civil Work Project: The Energy Laboratory of Applied BuildingPTT PLC.
25
Owner: PTT Public Company Limited
SKW’s Work Value: THB 275 million
Scope of Work: Construction the Energy
Laboratory of Applied Building
PTT Research and Technology
institute (PTT RTI)
Work Location: Wang Noi District,
Pranakorn Sri AyutthayaProvince
Work Period: Dec 13 - Apr 15
% of Completion as at 31 Mar 2014: 24%
26
Civil Work Project: Construction of Region VIII Pipeline,PTT PLC.
Construction of Region VIII Pipeline Operations Center
Owner: PTT Public Company Limited
SKW’s Work Value: THB 206.70 million
Scope of Work: Construction of building and other relevant system including land fill, infrastructure, building structure, architecture, furniture, electrical and communication system, air condition and ventilation system, mechanical and sanitary system
Work Location: Saengchuto Road (323 old way), Kilometer 111, Tumbon Wangkhanai, Tamuang District, Karnjanaburi Province
Work Period: Oct 13 - Oct 14
% of Completion as at 31 Mar 2014: 30%
27
Civil Work Project: Bridge, Main road and DrainageTICON Logistics Park Co., Ltd.
Civil Work for Bridge, Main road and Drainage, TPARK Wang Noi 2
Owner: TICON Logistics Park Co., Ltd.
SKW’s Work Value: THB 175.11 million
Scope of Work: Civil works for bridge, main road and drainage
Work Location: Amphur Wang Noi, Pranakorn Sri Ayutthaya Province
Work Period: Jun 13 - May 14
% of Completion as at 31 Mar 2014: 93%
28
Civil Work Project: Architectural Construction and Sanitary Works
Alucon PLC.
Architectural Construction and Sanitary Works for New Warehouse, Building 9 Project (Sriracha) – Phase II
Owner: Alucon Public Company Limited
SKW’s Work Value: THB 93.48 million
Scope of Work: Architectural construction and sanitary works
Work Location: Amphur Sriracha, Chonburi Province
Work Period: Aug 13 - Jun 14
% of Completion as at 31 Mar 2014: 50%
Ongoing Project in Oman: Pipeline ProjectPetrogas Rima LLC
Construction of Flow Lines Satellites Small Fields
Owner: Petrogas Rima LLC, Sultanate of Oman
TRC Middle East LLC’s Work Value:
Approximately of THB 407 million
(Extension Contract: 2 Years + 4 Months)
Scope of Work:
Engineering, Procurement and Construction of production flow lines and water injection flow lines connecting the drilling wells together
Work Period: May 12 – Aug 14
% of Completion as at 31 Mar 2014: 92%
29
30
During Bidding Project: Biodiesel Plant Project
Biodiesel Plant Project
Owner: Bangchak Biofuel Company Limited (“BBF”)
Work Value: N/A
Scope of Work: To construct new biodiesel plant capacity 150,000 ton/year and conversion unit of high fatty acid oil to biodiesel.
Work Location: Bang-pa-in district
Pra Nakorn Sri Ayutthaya Province
Bidding Result Period: July 2014
Agenda
Company Overview
Ongoing Projects
Future Developments
Key Financial Highlights
Q&A Session
31
List of Potential Projects
Project Name
Approximate
Project Value
(Million Baht)
Estimated
Project Period
A. Natural Gas Pipeline
A.1 Gas Transmission Pipeline 8,000 2014 – 2018
A.2 SPPs 3,000 2014 – 2018
A.3 Construction Call Off Services n/a 2014 onwards
B. Processing Plant
B.1 Waste to Energy 2,000 2014 – 2015
B.2 Alternative Fuel (Bio Diesel / Ethanol Plant) 1,000 2014 – 2015
B.3 CBG for NGV 70 2014 – 2015
B.4 Other projects 1,000 2014 onwards
C. Infrastructure Government Project - Railway Track 1,000* 2014 – 2016
D. Projects in Oman 700 2014 – 2016
TotalApproximate
16,770
32*Including Strategic Partners’ work portion
Natural Gas Pipeline Project: SPPs
Natural Gas Pipeline Project: SPPs
Focusing on expansion of the construction works for natural gas transmission pipeline projects for both IPP and SPP
Targeted Customers: 22 SPP Producers, approved by the Energy Regulatory Commission of Thailand (ERC) for power supply during 2015 - 2021 according to PDP 2012
33
Company
Quantity of Electricity
Power Offering for Sales (MW)
1 Mabyangporn Clean Energy Co., Ltd. 90
2 SSUT Co., Ltd. (Bangpoo Cogeneration Power Plant Block 2 Project) 90
3 SSUT Co., Ltd. (Bangpoo Cogeneration Power Plant Block 1 Project) 90
4 Thai Energy Generator Co., Ltd. 90
5 Ratchaburi World cogeneration Co., Ltd. (Project 1) 90
6 Ratchaburi World cogeneration Co., Ltd. (Project 2) 90
7 Rayong Electric Generating Co., Ltd. 90
8 Bangkadee Clean Energy Co., Ltd. 90
9 Kabin Cogen Co., Ltd. 90
10 Promburi Power Co., Ltd. 90
11 Thai Oil PLC. (Project 1) 90
12 Bowin Clean Energy Co., Ltd. 90
13 Panthong Clean Power Co., Ltd. 90
14 Panthong Clean Energy Co., Ltd. 90
15 Navanakorn Electric Co., Ltd. 90
16 PPPTT Co., Ltd. 90
17 Eastern Seaboard Power Co., Ltd. 90
18 Advance Agro Asia Co., Ltd. 90
19 Thai Oil PLC. (Project 2) 90
20 Siam Pure Rice Co., Ltd. 90
21 Electric & Steam Co., Ltd. 90
22 The Electricity Generating PLC. 90
Total 1,980
Natural Gas Pipeline Project: IPPs
Natural Gas Pipeline Projects: IPPs
According to Energy Regulatory Commission of Thailand (ERC) announced that Gulf Energy Development Co., Ltd. won the third round of IPP bidding to build the natural gas-fired power plant at 5,000 MW to be commissioning in 2021 - 2026, there will be the natural gas distribution pipeline to be constructed before the schedule of commissioning
Targeted Customer: Gulf Energy Development Co., Ltd., a subsidiary of Gulf JP
Project Location: There are 2 locations; Rojana Industrial Park in Rayong Province and Hemaraj Chonburi Industrial Estate in Chonburi Province
34
Compressed Bio-Methane Gas for NGV Project/Alternative Fuel
Type of Project: Investment
Total Investment: THB 74 million
Scope of Work:
Invest in CBG plant to supply PTT NGV Station approximately 9 tons/day (approximately 3,000 tons/year) or industrial alternative fuel
Project location at Prachuap Khiri Khan Province or Surathani Province
Project Status: To establish new subsidiary Company, wholly own by TRC, within the 3rd Qtr 2014
Project Schedule:
Construction: 2014 - 2015
COD: within the 4th Qtr 2015
Operating Period: 15 years
TRC’s Long Term Investment : CBG for NGV/Alternative Fuel
35
Agenda
Company Overview
Ongoing Projects
Future Developments
Key Financial Highlights
Q&A Session
36
37
The 1st Qtr 2014 Operating Performance
(Unit : Million Baht)
the 1 st Qtr the 1 st Qtr
2014 2013 Amount Percentage
Construction service income 726.46 640.33 86.13 13.45
Interest and other income 1.79 2.06 -0.28 -13.32
Total revenues 728.25 642.40 85.85 13.36
Cost of construction service and cost of sales -607.91 -571.62 36.29 6.35
Gross profit 118.55 68.71 49.84 72.54
Administrative expenses -73.74 -54.48 19.26 35.36
Profit before share of loss from investment in joint venture, finance cost and income tax expenses
46.61 16.30 30.31 185.96
Share of loss from investment in joint venture -1.77 0.00 1.77 N/A
Finance cost -1.43 -1.31 0.13 9.57
Income tax expenses -10.01 -8.95 1.06 11.85
Profit for the period 33.40 6.05 27.35 452.46
Non-controlling interests of the subsidiaries 1.56 3.90 -2.34 -60.05
Profit attribute to equity holders of the Company 34.95 9.94 25.01 251.57
Earnings per Share (Baht) 0.04 0.01
Gross Profit Margin 16.32% 10.73%
Net Profit Margin 4.80% 1.55%
Debt to Equity (Time) 0.73 1.36
Change
(2014 - 2013)
38
The 1st Qtr 2014 Performance of TRC and Its Subsidiaries
(Unit: Million Baht)
TRC SKW TRCM TRCE
TRC
Consol
Common
Size
(Oman) (Oman)
Construction Services Income & Sales 459.95 170.04 72.71 23.76 726.46 99.75%
Other Revenue
Interest Income 0.53 0.34 0.39 - 0.13 0.02%
Other Income 1.05 0.33 0.07 0.27 1.66 0.23%
Total Revenue 461.53 170.71 73.17 24.03 728.25 100.00%
Cost of Services & Sales -378.91 -147.05 -79.84 -2.18 -607.91 -83.48%
Gross Profit 81.04 23.00 -7.13 21.58 118.55 16.28%
SG&A, Share of Loss from Investment in JV and Finance Cost -50.74 -10.73 -8.21 -7.20 -76.94 -10.57%
Earning before Tax 31.89 12.94 -14.88 14.65 43.40 5.96%
Tax -7.23 -2.78 - - -10.01 -1.37%
Net Profit before Minority Interest 24.66 10.16 -14.88 14.65 33.40 4.59%
Less: Minority Interest (40% for TRCM & 30% for TRCE) 1.56 0.21%
Net Profit for the Parent Company 34.95 4.80%
Gross Profit 17.62% 13.52% -9.80% 90.84% 16.32%
Net Profit Margin 5.34% 5.95% -20.34% 60.98% 4.80%
* The performance of another three subsidiaries consisting of TRC International Ltd.(Hong Kong), TRC Investment Ltd.(Mauritius) and SKK Joint
Venture Co., Ltd. (Thailand) was not presented due to their insignificant operating result.
39
1,519
2,262
4,344
2,558
642 728
4,000 – 5,000
-
1,000
2,000
3,000
4,000
5,000
2010 2011 2012 2013 1st Qtr 2013 1st Qtr 2014 2014 (F)
(MB)
Total Revenue
Services Income Break-Down
Pipeline58.3%
Process &Plant40.5%
Civil 0.6%
OtherServices
0.6%
Pipeline64.2%
Process & Plant28.3%
Civil7.4%
Other Services
0.1%
2011
2013
2012
40
Pipeline79.2%
Process & Plant9.8%
Civil9.0%
Other Services2.1%
Pipeline75.6%
Process & Plant
1.0%
Civil23.4%
1st Qtr 2014
Gross Profit & Net Profit Margin
42
25.92%
14.64%
10.78%
14.96%
10.70%
16.32%
12.00%
6.59%5.26% 4.94%
1.60%
4.80%
0.00%
10.00%
20.00%
30.00%
2010 2011 2012 2013 1st Qtr 2013 1st Qtr 2014
Gross Profit Margin Net Profit Margin
A high gross margin in 2010 was from the reversal of provision for penalties for Bio Diesel Project of 43 MB
because the final penalties was less than provision which set up in 2009. Such reversal was recorded as a deduction from cost of services. If such reversal was excluded, the gross margin will be 22.6%.
A high net profit margin in 2010 was from gain from sale of investment in Ratcha Ploen’s shares and reversal of impairment in Ratcha Ploen total of 59 MB. If this extraordinary item was excluded, the net profit margin will be 8.8%.
43
4041,581 1,513 823 866678
797 9901,154 1,191
0.601.98 1.53 0.71 0.73
-5.00-3.00-1.001.003.00
01,0002,0003,0004,000
1st Qtr 2014
Liabilities Equity D/E Ratio
0.51
Debt to Equity Ratio
0.63
0.84
44
Paid-up Capital
120.00150.00
256.67
329.99 330.67 333.56 336.59
IPO 30.00
ShareSwapWithSKW
106.67
StockDividend
73.33
ESOP0.67
ESOP3.56
ESOP6.59
0
50
100
150
200
250
300
350
400
450
2005 2007 2008 2010 2011 2012 June 2013
150.00
256.67
329.99 330.67 333.56 336.59
Stock
Dividend
56.07
RO 15.63
408.29
(MB)
2013
ESOP-W2
• Issuance : 32,000,000 units
• Subscribed : 31,600,000 units
• Offering Period : 1 July 2013
• Exercise Period : Every 30th of Each Quarter
(The 2nd Qtr 2014 to the 2nd Qtr 2016)
• Exercise Price : Baht 4.70/Share
45
Baht 3.03/Share
The 1st exercise Date: 30 June 2014
“10 percent discount from the weighted average of the daily trading price for 15 consecutive days prior to the 2014 AGM date”
Amended
New Exercise Price:
46
Share Price
(Bt./share)
TRC Share Price
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Par Split to
0.50 Bt/Share:
Bt. 7.50, 2 May 13
Stock Dividend (6:1) 112.15
million shares: Bt 5.30,
29 May 13
RO(20:1) 31.27 million shares: Bt 3.12, 2 Jul 13
Bt. 3.48,
5 Jun 14
Moving to the SET:
Bt. 14.30, 23 Apr 13
Highest Price:
Bt. 15.00, 30 Apr 13
47
TRC Group Backlog
TRC SKW Oman Subsidiaries
1,186
607
1,092
2,835 2,970
3,3463,096
315
32
1,352
310
599
424
627
359
265
135
53
40
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2008 2009 2010 2011 2012 2013 31-Mar-14
1,501
1,2661,451
4,452
3,415
3,998
3,560 2 New Awarded Projects in Apr 14
196
3,756
Project Name
Type
of
Works
Project Owner/
Client
Work Value
(MB)
Uncompleted
Work Value
(MB)
Project Period
1. Provincial Gas Transmission Pipeline to
Nakhon Ratchasima
(The Project value 4,433.65 MB and USD 103.45 Million)
E, P, C PTT Public Company Limited 1,635.90
(Only TRC’s part
approximately of 21%)
1,635.90 Nov 13 Apr 16
2. Navanakorn-Rangsit Interconnecting Gas Pipeline
Project
(The Project value 834.01 MB and USD 7.55 Million)
E, P, C PTT Public Company Limited 1,077.90 783.93 Jul 13 Apr 15
3. GUT Gas Pipeline Project E, P, C Gulf JP UT Co., Ltd. 1,547.43 461.13 Aug 12 Jul 14
4. Design, Construction, Installation and Test Works for
the Pipeline Distribution System from CUP-1 to PPCL # 2
E, P, C PTT Global Chemical Public
Company Limited149.39 149.39 Mar 14 Nov 14
5. Construction Phase for Remaining GAS E, P, C PTT Public Company Limited 53.00 53.00 Jan 14 Nov 14
6. Co2 Membrance GSP#6 E, P, C PTT Public Company Limited 65.63 12.03 Oct 13 Jun 14
7. Internal Cleaning PIG for MPPL E IRPC Public Company Limited 1.53 0.77 Jun 13
Total 7 Projects 4,530.78 3,096.15
TRC’s Backlog as at 31 March 2014
48
SKW’s Backlog as at 31 March 2014
Project Name
Type
of
Works
Project Owner/
Client
Work Value
(MB)
Uncompleted
Work Value
(MB)Project Period
1. Construction the Energy Laboratory of Applied
Building, Amphur Wangnoi, Pra Nakorn Sri Ayutthaya
Province
E, P, C PTT Public Company Limited 275.00 209.25 Dec 13 Apr 15
2. Construction of Region VIII Pipeline Operations Center,
AmphurThamong, Karnjanaburi Province
E, P, C PTT Public Company Limited 206.70 144.69 Oct 13 Oct 14
3. Architectural Construction and Sanitary Works for New
Warehouse, Building 9 Project (Sriracha) - Phase II,
Tambol Bo Win, Amphur Sriracha, Chonburi Province
E, P, C Alucon Public Company Limited 93.48 46.74 Aug 13 Jun 14
4. TICON Logistic Park Road, Bridge and Drainage System
Project, Amphur Wang Noi, Ayuthaya Province
C Ticon Logistics Park Co., Ltd. 175.11 11.72 Jun 13 May 14
5. Construction, renovation and office area hospice BVW01
Moo 1 ,Pi-lock , Thong Pha Phum, Karnjanaburi Province
E, P, C PTT Public Company Limited 12.00 6.96 Dec 13 May 14
6. Water Treatment Plant for Wangnoi Power Plant,
Ayudhaya Province
E, P, C Electricity Authority of Thailand 20.36 4.40 Sep 11 Apr 14
7. Electrical System Works from Saraburi Main Line to PTT
Fire Safety and Rescue Training Building
E, P, C PTT Public Company Limited 0.44 0.44 Feb 14 Apr 14
Total 7 Projects 783.09 424.20
49
TRC Middle East LLC’s Backlog as at 31 March 2014
Project Name
Type
of
Works
Project Owner/
Client
Work Value
(MB)
Uncompleted
Work Value
(MB)Project Period
Construction of Flow Lines Rima Satellites Small Fields (The extension contract another 2 years + 4 months)
E,P,C Petrogas Rima LLC, Sultanate of Oman
407.12 33.96 May 12 Aug 14
Total 1 Project 407.12 33.96
50
TRC Engineering LLC’s Backlog as at 31 March 2014
Project Name
Type
of
Works
Project Owner/
Client
Work Value
(MB)
Uncompleted
Work Value
(MB)Project Period
Front End Engineering and Design (FEED) for SR-WWTP Odor Abatement Project (The Project value OMR 350,000)
E Oman Refinery and Petrochemical Industry Company Sultanate of Oman
27.94 5.94 Dec 13 Feb 14
Total 1 Project 27.94 5.94
New Awarded Projects of TRC in Apr 2014
Project Name
Type
of
Works
Project Owner/
Client
Work Value
(MB)
Uncompleted
Work Value
(MB)Project Period
1. Natural Gas Pressure Reduction Station Pipeline
Project
E, P, C PTT Public Company Limited 153.83 153.83 Apr 14 Mar 15
2. 8” Offsite Polyol Pipeline Project C Rayong Engineering and plant
Service Co., Ltd.41.90 41.90 Apr 14 Nov 14
Total 2 Projects 195.73 195.73
51
Backlog Conclusion
TRC GroupNo. of
ProjectsRemaining Work Value
(MB)
TRC Construction Public Company Limited 7 3,096.15*
Sahakarn Wisavakorn Co., Ltd. 7 424.20
TRC Middle East LLC, Sultanate of Oman 1 33.96
TRC Engineering LLC, Sultanate of Oman 1 5.94
Total Backlog as at 31 March 2014 16 3,560.25
New Awarded Projects in Apr 2014 2 195.73
Total Backlog 18 3,755.98
52
* Note: For Gas Pipeline Project, Provincial Gas Transmission Pipeline from Saraburi to Nakhon Ratchasima Project, work valuementioned here is only TRC’s portion approximately of 21% of total project value or approximately of Baht 1,636 million.
Agenda
Company Overview
Ongoing Projects
Future Developments
Key Financial Highlights
Q&A Session
53