View
6
Download
0
Category
Preview:
Citation preview
Company Presentation TTW Public Company Limited
Q2’2021
Opportunity Day
30 August 2021
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Disclaimer
This presentation includes some forward-looking statements relevant to future events such as
plans, business strategies, expectations, etc. Thus, actual situations may differ from what is
projected in this presentation due to the unexpected environment which might be better or
worse than anticipated. Investors or material users should be meticulous on any herein
information.
This presentation, which is prepared by the company, is only used for investment information.
Also, the information included in this forward-looking statement may be changed by TTW
Public Company Limited without notice and then the company does not take any duty to
update any relevant information.
2
3
Pathumthani Water Treatment Plant
Agenda
Highlight
COVID-19 Situation
Water Situation
Company Overview
Operating & Financial
Performance
Outlook
4
Highlight
Reduce financial cost:
- Refinancing of a long-term loan
of 2,760 MB (May 2020) with
a lower interest rate.
- Repayment of long-term loans.
Description 30 Jun 2021 30 Jun 2020Changes
+ / (-) %
Loans 2,480 3,144 (664) (21.1)
Debentures 5,400 5,400 - -
Financial Cost 62.6 69.2 (6.6) (9.5)
Unit: MB
The financial cost has decreased
by 6.6 MB (9.5%) YoY. Net D/E 0.36 0.45
D/E 0.63 0.71
Q2’2021 Q2’2020
Ratio
Unit: (x)
Profit-sharing from investment in the associate company
(CK Power) increased by
Q2’2021 : 200.3 MB. (845.1%) YoY
1H’2021 : 313.7 MB. (289.1%) YoY
- Growth in Revenue from Electricity Sales of NN2 from higher
water flow and higher water storage level.
- XPCL: Higher average water flow and lower financial cost.
Q2’2020 Q2’2021Change
Amount %
(23.7) 176.6 200.3 845.1
1H’2020 1H’2021Change
Amount %
(108.5) 205.2 313.7 289.1
-23.7
176.6
-108.5
205.2
-100
0
100
200
300
Q2'2020 Q2'2021 1H'2020 1H'2021
Unit: MB
Admin. expenses decreased by 11.5 MB (18.5%) YoY.
Q2’2021 vs Q2’2020 1H’2021 vs 1H’2020
Admin.
Expenses
Q2’2021 Q2’2020Changes
+ / (-) %
50.7 62.2 (11.5) (18.5)
COGS decreased by 11.8 MB (2.5%) YoY.
COGS
Q2’2021 Q2’2020
Changes
+ / (-) %
450.9 462.7 (11.8) (2.5)
NN2 = Nam Ngum 2 Power Co., Ltd.
XPCL = Xayaburi Power Co., Ltd.
+845.1%+289.1%
0.68 0.670.72
0.71
0.36
2017 2018 2019 2020 1H'2021
5
Dividend Yield 4.88%
(@12.30 baht per share / as of Sep 14,
2018)
Dividend policy: Dividend payment is not less than 50% of
its net profit after deduction of corporate income tax,
statutory reserve, and other reserves required by terms of
relevant agreements.
Year
Particular 1H’2021 2020 2019 2018 2017
Net profit
- Amount (MB)(*)
1,433 2,850 2,855 2,667 2,699
- EPS (Bt./share) 0.36 0.71 0.72 0.67 0.68
DPS (Bt./share)
- Dividend #1 (Interim) 0.30 0.30 0.30 0.30 0.30
- Dividend #2 (Year End) N/A 0.30 0.30 0.30 0.30
Total DPS 0.30 0.60 0.60 0.60 0.60
Dividend amount (MB) 1,197 2,394 2,394 2,394 2,394
Dividend/Net profit 83.5% 84.0% 83.9% 89.8% 88.7%
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Unit: (Bt./share)
0.60 0.60 0.60 0.60
Excluding Dividend (XD) : Sep 8, 2021
Record Date (RD) : Sep 9, 2021
Payment Date : Sep 23, 2021
Dividend Payment
(Interim)
Highlight
0.30
0.30
Historical Dividend Payment & Payout Ratio
EPS DPS
(*) = Separate Financial Statements
6
Dividend Yield 4.88%
(@12.30 baht per share / as of Sep 14,
2018)
Highlight
Basic of Contract : Turn-key fixed price, lump-sum contract
Contractor : CH. Karnchang Public Company Limited (CK)
Contract Price : 330.87 MB. (Excluded VAT)
Time of Completion : 540 Days (18 months after contract signing)
Source of Capital : Cash Flow from Operating Activities (CFO)
Key Terms and Conditions in EPC Contract
To ensure equipment and machinery functions at full efficiency to increase
stability and reliability of the water supply and distribution system.
To increase safety for the operation work of the water supply and distribution
system and the machinery and equipment maintenance work.
Increasing confidence for PWA and end-users in term of the sufficiency and
service continuity of tap water supply by TTW
Why do we improve?
Improvement for Water Supply and Distribution Systems
at Banglen Water Treatment Plant Project
7
Agenda
Highlight
COVID-19 Situation
Water Situation
Company Overview
Operating & Financial
Performance
Outlook
COVID-19 Situation
8
Unit: m3
The first human cases of
the COVID-19 to the end of Q2’2021
9
TTW regards the importance of the good quality of tap water and
services that we provide to PWA and tap water consumers. Apart from
close control on the quality of water at all steps of production
At the same time, TTW also provided advice to the water users who
requested us to examine the quality of downstream water free of charge.
This is because we believe that “Quality Water for a Better Life”
TTW also provided cooperation to PWA in the examination of water
samples, collected from water users in each service areas in TLAA
laboratories to ensure that the quality of tap water, distributed to
downstream users are consistent with that of the water produced by TTW.
COVID-19 Situation
10
COVID-19 Situation
Keeping our employees safe during COVID-19 pandemic
Pathum Thani Water Treatment Plant
Krathumbaen Water Treatment Plant
Banglen Water Treatment Plant & Head Office
- Bubble & Seal
- Factory Isolation
- Antigen Test Kit (ATK)
11
COVID-19 Situation
TTW supports for COVID-19 impacted areas
12
Banglen Water Treatment Plant
Agenda
Highlight
COVID-19 Situation
Water Situation
Company Overview
Operating & Financial
Performance
Outlook
Water Situation
13To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
The rainy season begins on 15th
May 2021 and will end around the end of October 2021, with more rainfall within the first half of the
rainy season. (TMD)
Focus on storing water in the area as much as possible, for consumption enough, and the protection of ecosystems . (RID)
Four main dams of the Chao Phraya river basin have 33% of total capacity
and 9% of usable water capacity. (RID)
*Remark: As of Aug 20, 2021
TMD = Thai Meteorological Department
RID = Royal Irrigation Department
Bhumibol Sirikit
Kwai Noi Bamrung Dan Pa Sak Jolasid
35 3311 9
0
20
40
60
80
100
20-Aug-20 20-Aug-21 20-Aug-20 20-Aug-21
The situation of four main dams
of the Chao Phraya river basin
Water Contents
(8,624 mil.m3)
%
%
(1,928 mil.m3)
%
The Chao Phraya River and Tha Chin River still have
sufficient raw water for our production process.
%
(8,280 mil.m3)
(1,584 mil.m3)
Total Capacity Usable Water Capacity
15th
May’2021 Jun’2021 Jul’2021
Rainy Season
Aug’2021 Sep’2021 Oct’2021
14
Agenda
Highlight
COVID-19 Situation
Water Situation
Company Overview
Operating & Financial
Performance
Outlook
-
500
1,000
1,500
2,000
2,500
3,000
3,500
-0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
TTW’s Net Profit vs Price
Price
Company Overview – Key Milestone
15
Sep’00 :
Company established & Entered into WPSA(*)
with PWA
Jan’04 :
First Day of Sale (Design Cap. = 320K / Day)
Feb’06 :
Acquired Water Flow Co., Ltd.
Jul’04 :
Official COD
Jul’06 :
Converted to Plc.
Feb’07 :
Acquired 98% PTW Shares)
As of Jun 30, 2021
(IPO)
Unit: MB
Net Profit
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Year 2008 (IPO) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1H’2021
Net Profit (MB) - 1,593.6 2,062.9 2,113.0 2,421.6 2,544.8 2,973.9 2,697.0 2,492.0 2,663.2 2,841.9 3,127.9 2,951.5 1,558.3
Price (Baht) 4.20 4.46 6.35 5.05 9.20 10.00 11.60 10.60 10.70 12.60 12.40 13.80 12.40 11.70
May’08 : Listed in SET
Unit: Baht
Aug’09 : Acquired BIE Rights
Dec’08 : Second WPSA with PWA
Sep’10 : First Expansion Completed
(Design Cap. = 320K / Day 440K / Day)
Sep’11 : Acquired 30% CKP Shares
Mar’14 : Changed the
Company’s Name to “TTW”
May’15 : Increased CKP Shares &
oversubscribed to 25.31% CKP Shares
Jun’17 : The Construction of 2nd
Water
Treatment Plant has been Completed
(Design Cap. = 440K / Day 540K / Day)
Sep’19 : Percentage
in CKP Shares 24.98%
Mar’20 : COVID-19
Outbreak (Pandemic)
* WPSA = Water Purchase and Sale Agreement
(First Half)
Operates
Waste water
Tap water and
Investment in
Other business
Produces and
Distributes
Tap water
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Company Overview – Our Business
16
Company Overview – Shareholder Structure
Pathum Thani Water Company Limited
Produces and distributes tap water
1,200 MB. Registered Capital
* 2% is owned by PWA
CK Power Public Company Limited
Power Holding company
9,240 MB. Registered Capital
8,129 MB. Paid-up capital
Thai Water Operations Company Limited
Operates tap water and waste water
treatment systems 60 MB. Registered Capital
MITSUI, 25.98% BEM, 18.47%CK, 19.40% Free Floated, 36.15%
PTW
98%*TWO
68%32%
17As of Jun 30, 2021
CKP
24.98%
TTW Public Company Limited
Produces and distributes tap water
3,990 MB. Registered Capital
18
Company TTW PTW TTW
Business Service Tap water Supply Tap water Supply Tap Water & Wastewater Management
Contract Type BOO BOOT Rights (Operating Lease)
Contract Period 2004 – 2034 (30 yrs.) 1998 – 2023 (25 yrs.) 2009 – 2039 (30 yrs.)
Contract Customer Whole sale to PWA Whole sale to PWA BIE
Investment Scheme Production, Transmission and Distribution Production and Transmission N/A
Distribution Area West Bangkok (Nakhon Pathom – Samut Sakhon) North Bangkok (Pathum Thani – Rangsit) BIE (Bang Pa-In Industial Estate, Ayutthaya)
Design Capacity *540,000 m3/day 488,000 m
3/day TW: 48,000 m
3/day, WW: 18,000 m
3/day
Pathum Thani Water Treatment Plant Bangpa-in Industrial EstateBanglen Water Treatment Plant
TTW
PTW
BIE
1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040
*Design Cap. 440,000 m3/Day
Krathumban Water Treatment Plant
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
*Starting at 100,000 m3/Day (Backup Plant)
* TW = Tap Water Treatment
** WW = Wastewater Treatment
(*) (**)
Company Overview – Current Project
Company Overview - Location
19
Pathum Thani Water
Treatment Plant
(PTW, Pathum Thani)
Bangpa-in
Industrial Estate
(BIE, Ayutthaya)
Banglen Water Treatment Plant
(TTW, Nakhon Pathom)
Krathumban
Water Treatment Plant
(TTW, Samut Sakhon)
Amata City Industrial Estate
(Chonburi, Rayong)
3 Companies
5 Locations in Water Business
1 Company in Energy Business
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Bangkok
Phra Nakhon
Sri Ayutthaya
(BIE)
Pathum Thani
(PTW)
Nakhon Pathom
(TTW-Banglen)
Samut Sakhon
(TTW-Krathumban)
O&M Contracts with Amata Water Co.,Ltd.
Chonburi Tap Water Treatment : 32,400 m3/day
Wastewater Treatment : 4,500 m3/day
Rayong Tap Water Treatment : 22,800 m3/day
Company Overview – Portion of Water Users
20
Serving over
570,000 users
or millions of lives
As of Jun 30, 2021To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
• Klongluang Utilities
• Thai Aquafresh
• Thainamthip Manufacturing
• Mitr Pathum Part., Ltd.
• Greensport
• etc.
• Thammasat University (Rangsit)
• Rangsit University
• Asian Institute of Technology
• Future Park Rangsit
• Summit Pinehurst golf club & Hotel
• etc.
• Summit Starhome
• Lumpini Township (L .P.N.)
• Pruksa Real Estate
• Pinehurst Willz
etc.
63 64 65
20 20 19
17 16 16
0%
20%
40%
60%
80%
100%
Q4'2020 Q1'2021 Q2'2021
Household Industry Commercial
Pathum Thani - Rangsit (%)
(North BKK)
• Thai Union Group
• Pataya Food Industries
• Samut Sakhon Industrial Estate
• Unicord
• Sinsakhon Waterworks
• etc.
• Nadee Municipality (Waterworks)
• Mahidol University (Salaya)
• RMUTR
• Khaerai SAO
• Samutsakhon Hospital
• etc.
45 46 47
40 39 39
15 15 14
0%
20%
40%
60%
80%
100%
Q4'2020 Q1'2021 Q2'2021
Household Industry Commercial
Samut Sakhon – Nakhon Pathom (%)
(West BKK)
Top
End-users
440,000
100,000
488,000
400,310
43,200
0
100,000
200,000
300,000
400,000
500,000
600,000
TTWTTW 2nd PlantPTW UU BW CW
Design Capacity of TTW Group
Company Overview – The Leading Position of Water Business in Thailand
Unit: m3/day
1,076,000 m3/day
400,000
21
BIE
48,000
Plant
The Krathumban Water Treatment Plant (TTW 2nd
)
can be expanded the design capacity up to
400,000 m3/day
Hybrid Technology: Conventional +
Ultrafiltration (Membrane Technology)
Cleaner: Because the membrane pore size is
only 0.01 micron so it can effectively
contaminants viruses and bacteria
Safer: Less chemical usage
TTW TTW 2nd PTW
At present In the future
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
+100,000
+100,000
+100,000
Starting at 100,000 m3/Day
Krathumban Water Treatment Plant, Samutsakhon Province
Krathumban Water Treatment Plant (TTW 2nd)
Company Overview – Tap Water Production Process
22
Tha Chin River
(Nakhon Pathom Province)
Chao Phraya River
(Pathum Thani Province)
End Users
(Household + Industry + Commercial)
Raw Water Intake Rapid Mixing
Tank
Clarifier
TankFilter
Sludge Dewatering
Treated WaterWater Distribution
Land fill
Chemical Dosing
Whole Sale
Provincial Waterworks
Authority (PWA)
Banglen
Pathum Thani
Rai Khing
The water from sludge dewatering will be
re-claim into the processed again.
“Zero Discharge”
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Some of the sludge was
developed for many purposes.
e.g., as part of the school
building material.
“TTW Building” at Wat Rat Thammaram School,
Samutsakhon Province
A protection system for aquatic animals
to entering the raw water pumping process.
R & D
100%
100%
30%
61.3%
75%
Company Overview - Investment in Other Business
23
• Southeast Asia Energy Co., Ltd. (SEAN)
• Bangkhenchai Co., Ltd. (BKC)
• BKC Solar Rooftop and Solar Farm Projects
• Chiangrai Solar Co., Ltd. (CRS)
• Nakhon Ratchasima Solar Co., Ltd. (NRS)
24.98%
1,900 MW 238 MW 29 MW
• Nam Ngum 2 Power Co., Ltd. (NN2)
• Xayaburi Power Co., Ltd. (XPCL)
37.5%
615 MW
1,285 MW
• Bang Pa-In Co-Generation Co., Ltd. (65%)
- Phase 1 (BIC 1)
- Phase 2 (BIC 2)
118 MW
120 MW
7 MW
8 MW
Source : www.ckpower.co.th
As of Jun 2021To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
30%
8 MW
6 MW
24
Agenda
Highlight
COVID-19 Situation
Water Situation
Company Overview
Operating & Financial
Performance
Outlook
Operating & Financial Performance – Portion of Revenue
25
60
30
5
5
TTW Group (%)
TTW
PTW
BIE
Others
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
*Approximately
Operating & Financial Performance
TTW Sales Volume
Q2’ Daily Average (Thousand m3)
Year 2017 2018 2019 2020 2021
Daily Avg. 396 435 463 455 437
Full Year Daily Average (Thousand m3)
Year 2016 2017 2018 2019 2020
Daily Avg. 377 395 434 455 453
Location TTW
Period Q2’2021 Q2’2020
U-Rate (%) 81 84
26To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
138.4145.9
158.3166.1 165.9
0
40
80
120
160
200
2016 2017 2018 2019 2020
2020 vs 2019
-0.2%
36.0
39.642.1 41.4 39.7
0
10
20
30
40
50
Q2'2017 Q2'2018 Q2'2019 Q2'2020 Q2'2021
Q2’2021 vs Q2’2020
-4.0%
82.8 79.7
0
10
20
30
40
50
60
70
80
90
1H'2020 1H'2021
1H’ Daily Average (Thousand m3)
Year 2020 2021
Daily Avg. 457 440
1H’2021 vs 1H’2020
-3.8%
Unit: mil.m3
131.4135.8
145.9 148.9153.1
0
40
80
120
160
200
2016 2017 2018 2019 2020
2020 vs 2019
+2.8%
34.136.3 37.1
38.5
34.8
0
10
20
30
40
50
Q2'2017 Q2'2018 Q2'2019 Q2'2020 Q2'2021
Operating & Financial Performance
PTW Sales Volume
27
Full Year Daily Average (Thousand m3)
Year 2016 2017 2018 2019 2020
Daily Avg. 358 369 400 408 418
Q2’ Daily Average (Thousand m3)
Year 2017 2018 2019 2020 2021
Daily Avg. 375 399 407 423 383
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Q2’2021 vs Q2’2020
-9.5%
Location PTW
Period Q2’2021 Q2’2020
U-Rate (%) 78 87
76.370.6
0
10
20
30
40
50
60
70
80
90
1H'2020 1H'2021
1H’ Daily Average (Thousand m3)
Year 2020 2021
Daily Avg. 421 390
1H’2021 vs 1H’2020
-7.4%
Unit: mil.m3
7.67
8.278.51
8.84
8.15
0
2
4
6
8
10
2016 2017 2018 2019 2020
2020 vs 2019
-7.8%
Operating & Financial Performance
BIE Sales Volume
28
Full Year Daily Average (Thousand m3)
Year 2016 2017 2018 2019 2020
Daily Avg. 20.9 22.7 23.3 24.2 22.3
Q2’ Daily Average (Thousand m3)
Year 2017 2018 2019 2020 2021
Daily Avg. 23.0 23.8 24.8 23.4 23.5
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
2.09 2.172.25
2.13 2.14
0.0
0.5
1.0
1.5
2.0
2.5
Q2'2017 Q2'2018 Q2'2019 Q2'2020 Q2'2021
Q2’2021 vs Q2’2020
+0.5%
Location BIE
Period Q2’2021 Q2’2020
U-Rate (%) 48 49
Unit: mil.m3
4.24.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
1H'2020 1H'2021
1H’ Daily Average (Thousand m3)
Year 2020 2021
Daily Avg. 23.0 21.9
1H’2021 vs 1H’2020
-4.6%
Unit: 1,000 m3
Q2'2017 Q2'2018 Q2'2019 Q2'2020 Q2'2021
BIE 23.0 23.8 24.8 23.4 23.5
PTW 375.1 399.0 407.2 422.9 382.9
TTW 396.1 435.4 462.9 455.1 436.7
396.1435.4 462.9 455.1 436.7
375.1
399.0407.2 422.9
382.9
23.0
23.824.8 23.4
23.5
0
100
200
300
400
500
600
700
800
900
1,000
794.2Total 858.3 894.8 901.5
794.2
858.3894.8 901.5
843.1
Operating & Financial Performance
29To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
-6.5%
843.1
How much room to grow?
Q2’2021
Daily Average
TTW: 436.7K /Day
PTW: 382.9K /Day
BIE: 23.5K /Day
Unit: m3
Total Design Capacity
1,076K /Day
(At Present)
232.9K /Day
300K /Day In the future, the Krathumban Water
Treatment Plant (TTW 2nd) can be expanded
the design capacity by 300K /Day
843.1K
/Day
Daily Average by quarterly
Operating & Financial Performance
30
2020 vs 2019 Q2’2021 vs Same period last year
The increase in sales volume of TTW and PTW, adjustment of selling price by CPI of TTW and PTW
Profit-sharing from investment in associated company increased
The decrease in finance cost by the redemption of debentures of 1,500 MB, loan repayment 435 MB and issue debentures of
1,000 MB
5,499.1 5,747.4
5,948.5 6,151.4 6,192.9
2,475.6 2,663.2
2,841.9 3,128.0
2,951.5
4,429.4 4,699.9
4,901.5
5,269.8 4,997.1
2016 2017 2018 2019 2020
Total Revenue Net Profit EBITDA
+0.7%
-5.6%
-5.2%
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
1,426.4 1,483.2
1,541.0 1,549.1 1,476.9
658.1 692.5 729.8 694.3
856.5
1,159.4 1,195.8
1,267.0 1,214.3
1,350.3
Q2'2017 Q2'2018 Q2'2019 Q2'2020 Q2'2021
Total Revenue Net Profit EBITDA
+23.4%
3,090.8 2,949.1
1,332.2
1,558.3
2,410.2 2,380.9
1H'2020 1H'2021
1H’2020 vs 1H’2020
-4.6%
+17.0%
-1.2%
As of Jun 30, 2021
+11.2%
-4.6%
Net profit increasesd mainly due to profit-sharing from investment in the associate company:
Q2’2021 : 200.3 MB. (845.1%) YoY
1H’2021 : 313.7 MB. (289.1%) YoY
Consolidated - Financial PerformanceUnit : MB
Total sales of treated water
Q2’2021 Q2’2020Changes
+ / (-) %
1,443.7 1,516.7 (73) (4.8)
1H’2021 1H’2020Changes
+ / (-) %
2,882.7 3,021.3 (138.6) (4.6)
Operating & Financial Performance
31
As of Jun 30, 2021
23.6
21.622.6 23.1 23.4
22.2
10.1 9.7
11.512.3
13.6 12.9
2015 2016 2017 2018 2019 2020
ROE ROA
1.23
0.960.89
0.760.67 0.63
0.770.67
0.530.47 0.42
0.36
2016 2017 2018 2019 2020 Q2'2021
D/E Net D/E
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Unit: % Unit: (x)
Financial Ratios
Operating & Financial Performance
32To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Unit: MB
Consolidated cash flow
For half year
ended 30 June
Change
2021 2020 Amount %
Net cash flow from the operating activities 1,897.3 1,552.1 345.2 22.2
Net cash flow from the investing activities (325.8) 891.4 (1,217.2) (136.5)
Net cash flow used in the financing activities (1,594.2) (1,931.1) 336.9 17.4
Net increase (decrease) of cash and cash equivalent (22.7) 512.4 (535.1) (104.4)
Cash and cash equivalent – beginning of the period 92.0 76.6 15.4 20.1
Cash and cash equivalent – ending of the period 69.3 589.0 (519.7) (88.2)
Consolidated Cash Flow
Total assets decreased by 194.1 MB or 0.8%,
mainly due to depreciation and amortization.
Total liabilities decreased by 430.5 MB or 4.7%,
mainly due to the long-term loan decreases by
the repayment schedules.
Total shareholders’ equity increases by 236.4 MB or
1.7% due to the net profit from operations and
dividend payment.
Operating & Financial Performance
33
Consolidated Financial Position
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
(Unit : MB)
13,699.6 13,936.0
9,142.8 8,712.3
22,842.4 22,648.3
0
10,000
20,000
30,000
40,000
50,000
31-Dec-20 30-Jun-21
Total shareholders' equity Total liabilities Total assets
-0.8%
-4.7%
+1.7%
34
Agenda
Highlight
COVID-19 Situation
Water Situation
Company Overview
Operating & Financial
Performance
Outlook
Outlook
35To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
We’re looking for a Water Business that suits us best.
Tap Water Business
Wastewater Treatment Business
Comprehensive Water Management
Domestic & Overseas
Right Size
Low Risk
Sufficient water resources.
- FX Rates
- Political Volatility
- Natural Disaster
- How to Collect Money from Clients
Q & A
Appendices
Appendix 1 : Message from the Chairman of the Board of Directors
Appendix 2-4 : Water Dispatch
Appendix 5 : Credit Rating
Appendix 6 : Annual Report & Sustainable Development Report
Appendix 1 – Message from the Chairman of the Board of Directors
38
Appendix 2 – Water Dicpatch: TTW (Jul 2019 – Jun 2021)
39To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Appendix 3 – Water Dicpatch: PTW (Jul 2019 – Jun 2021)
40To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Appendix 4 – Water Dicpatch: BIE (Jul 2019 – Jun 2021)
41To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable
AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable AA-/Stable
Appendix 5 – Credit Rating
42To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Year : 2020
Date : 30 Nov
Type of Credit : Company Rating / Issue Rating
Rating Agency : Tris Rating
Credit Rating : AA-
Rating Outlook : Stable
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Company Rating
Issue Rating
For more Infomation
Appendix 7 – Annual Report & Sustainable Development Report
43To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Thai Ver. Eng Ver. Thai Ver. Eng Ver.
Sustainable Development ReportAnnual Report
Website : www.ttwplc.com
Facebook : TTW Plc
Instagram : TTW Plc
LinkedIn : TTW Public Company Limited
TTW Public Company Limited
Investor Relations Department
30/130 Moo 12, Buddha Monthon 5 Rd,
Rai Khing, Sam Pran, Nakhon Pathom,
Thailand 73210
Tel : +66 2019 9490 – 3 Ext. 1100, 1108
Fax : +66 2420 6064
Web Site : www.ttwplc.com
E-mail : ir@ttwplc.com
Recommended