NAWARAT PATANAKARN PUBLIC COMPANY LIMITED

Transcription

NAWARAT PATANAKARN
PUBLIC COMPANY LIMITED
SET : Opportunity Day, 2 December 2015
www.nawarat.co.th
IR Section
T: +662 730 2100
F: +662 751 9484
E: [email protected]
A: 18th-19th Floor, Bangna Towers (A), 2/3 Moo 14, Bangna-Trad Rd, km. 6.5, Bangkaew, Bangplee, Samutprakarn 10540 Thailand
1
Disclaimer
I m p o r t a n t N o t i c e:
The content of the presentation provided by the Nawarat Patanakarn Public Company
Limited (the “Company”) is intended to provide as information for discussion purpose only
and is strictly for private and confidential. Past performance is not indicative of future
performance. Any unauthorised disclosure, use or dissemination, either whole or partial,
is prohibited. It must not be reproduced, copied or made available to others. Some of the
information in this presentation may contain projections or other forward looking
statements regarding future events or future financial performance of countries, markets
or companies. These statements are only predictions and actual events or results may
differ materially. The reader must make his/her own assessment of the relevance,
accuracy and adequacy of the information contained in this presentation and make such
independent investigations as he/she may consider necessary or appropriate for the
purpose of such assessment. Any opinion or estimate contained in this presentation is
made on a general basis and is not to be relied on by the reader as advice. Neither the
Company nor any of its servants or agents have given any consideration to nor have they
or any of them made any investigation of the investment objectives, financial situation or
particular need of the reader, any specific person or group of persons. Accordingly, no
warranty whatsoever is given and no liability whatsoever is accepted for any loss arising
whether directly or indirectly as a result of the reader, any person or group of persons
acting on any information, opinion or estimate contained in this presentation.
2
Company Overview
3
Brief History
Established in 1976, Nawarat
Patanakarn Public Company
Limited (NWR) stands today
as one of Thailand's largest
construction and engineering
firms with over 4,000
employees. With more than 39
years of growing experience
in Thailand and other
countries, NWR is
distinguished by its wide
range of technical capabilities,
which enable the company to
undertake various types of
work.
4
Business Structure
Nawarat Patanakarn Plc.
Utility
Business
Alliance Co.,
Ltd.
C.I.N. Estate
Advance
Mana
Prefab Co., Patanakarn Co., Ltd.
Ltd.
Co., Ltd.
40%
100%
100%
VSPN
Property
Co., Ltd.
NWR
Cambodia
Co., Ltd.
Myanmar
NWR Co.,
Ltd.
25%
100%
100%
100%
60%
Construction
& Services
Nawarat
Patanakarn
Co., Ltd.
(Vietnam)
Property Development
Note: % = Shareholding
5
Overseas Business
Construction Services
• Industrial Work
• Commercial Buildings
• Civil Work
• Residential
• Tunneling &
Underground Work
• Marine Work
6
Supporting Facilities
Concrete Product Casting Factories
• Bangna-Trad
• Samutsakorn
• Chacheangsao
Total 11,000 cu.m./month
• Advance Prefab 10,000 cu.m/month
(commercial production in 2016)
Steel Structure & Fabrication Factory
• Chacheangsao
Total 1,000 ton/month
7
Introduction to
New Precast Building System
by
8
Introduction
Well proven technology for buildings in Europe
for manufacturing, warehouses, retailed store
and office buildings
9
Better
Quality
Cost
Delivery Time
10
High Quality Casting with
Flexible Spacious Design
11
Better Architectural
and Interior Design
12
Better Environmental &
Human Friendly
10 13
Easy to Install
No Scaffolding
Better Safety Condition
Less Man-power Required
Less Impact to Surrounding1014Shorter Construction Time
Better Planning with
On-time Delivery
15
Our Factory in Progress
To start production end of 2015
16
Our Factory in Progress
To start production end of 2015
17
10
NAWARAT PATANAKARN
PUBLIC COMPANY LIMITED
่ วามยง่ ั ยืน
การพ ัฒนาสูค
SUSTAINABILITY DEVELOPMENT
18
การพ ัฒนาสูค
Sustainability Development
มีนโยบายเพือ
่ จัดการ
สงิ่ แวดล ้อมอย่าง
ั เจนและใช ้
ชด
ทรัพยากรอย่างมี
ิ ธิภาพ
ประสท
การจัดการด ้าน
สงิ่ แวดล ้อม
(Environment)
=
ความยง่ ั ยืน
Sustainability
ESG
สงั คม
บรรษั ทภิบาล
(Social)
(Governance)
มีการกากับดูแลกิจการทีด
่ ี
ดาเนินงานอย่างโปร่งใส มีแนวทาง
ี่ งทีช
ั เจน
การบริหารความเสย
่ ด
ั่ และ
ต่อต ้านทุจริตและคอร์รัปชน
ี
ดูแลผู ้มีสว่ นได ้เสย
มีนโยบายการบริหารทรัพยากรบุคคล
อย่างเป็ นธรรมและเท่าเทียมกัน มีการ
สง่ เสริมและพัฒนาพนักงานอย่าง
ต่อเนือ
่ งและมีคณ
ุ ภาพ
19
1
2
3
4
5
6
• การพ ัฒนาสูค
• นโยบายการกาก ับดูแลกิจการ
Corporate Governance Policy
• โครงสร้างการกาก ับดูแลกิจการ
Corporate Governance Structure
• โครงสร้างองค์กรเพือ
่ การกาก ับดูแลกิจการ
Board Structure for Corporate Governance
• คณะกรรมการชุดย่อย
Sub - Committees
• กฎบ ัตรคณะกรรมการ
Charters
20
โครงสร้างกรรมการเพือ
่ การกาก ับดูแลกิจการ
Board Structure for Corporate Governance
คณะกรรมการบริษ ัท
(Board of Directors)
คณะกรรมการตรวจสอบ
เลขานุการบริษ ัท
(Corporate Secretary)
คณะกรรมการบรรษ ัทภิบาล
(Audit Committee)
(CG Committee)
แผนกตรวจสอบภายใน
(Internal Audit)
คณะกรรมการสรรหาและกาหนด
ค่าตอบแทน
คณะกรรมการจรรยาบรรณธุรกิจ
ี่ ง
คณะกรรมการบริหารความเสย
คณะกรรมการความร ับผิดชอบต่อ
ั
สงคมและส
งิ่ แวดล้อม
(Code of Conduct Committee)
(Nomination & Remuneration
Committee)
(Risk Management Committee)
(CSR Committee)
คณะกรรมการบริหาร
(Executive Committee)
กรรมการผูจ
้ ัดการ
(President)
21
Performance Summary
22
Q3/2015 Financial Highlights
Q3/2015 Financial Performance (Unit : THB mm)
Construction contract
+1,977.2
Rendering of sale and service
+53.0
Interest Income
+3.1
Other Income
Total revenues
+29.2
+2,062.5
Cost of construction
-1,849.1
Cost of sale and service
-47.9
-166.0
SG&A
Total Expense
-2,063.0
Profit (loss) from associates
+2.5
Finance cost
-42.4
Income Tax
-17.3
Net earning
-57.7
Non-controlling Interest
-0.6
Net earning to Equity Holders
-58.3
23
9M/2015 Financial Highlights
9M/2015 Financial Performance (Unit : THB mm)
Construction contract
+5,616.0
Rendering of sale and service
+111.3
Interest Income
+11.1
Other Income
Total revenues
+73.4
+5,811.8
Cost of construction
-5,236.1
Cost of sale and service
-106.5
-370.0
SG&A
Total Expense
-5,712.6
Profit (loss) from associates
+31.3
Finance cost
-114.1
Income Tax
-27.9
Net earning
-11.5
Non-controlling Interest
-0.4
Net earning to Equity Holders
-11.9
24
Details of Revenue
25
Key Performance Index
Construction Revenue and Growth
Gross Margin
Unit: THB mm
SG&A/Sales
Net Margin
26
New Projects Awarded
Backlog Amounts
Unit: THB mm
Unit: THB mm
17,089
14,649
11,597
10,862
11,271
1,211
4,144
8,387
10,060
10,505
2012
2013
2014
445
14,696
13,570
3,225
1,480
905
13,864
13,216
12,665
2,475
11,152
2011
Signed Contract
D/E ratio
Q1/2015 Q2/2015 Q3/2015
Unsigned Contract (with high certainty)
Current Ratio
27
28
Current Backlog (Signed Contract)
[last update 30/09/2015]
Item
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Owner
[Unit : Million Baht]
Project Description
Bangkok Metropolitan
Administration [BMA]
Drainage System - Bangtoei Canal
Private
Collection System for Bangsue Wastewater
Treatment (BMA 7 Contract 2) #2
Private
Construction of Shopping Mall, Nonthaburi
Bangkok Metropolitan
Administration [BMA]
Drainage Tunnel under Bangsue Canal
Department of Highways [DOH]
Private
Private
Construction of Bypass from Highway No.3
Section 3
Construction of Material Trade Building,
Suratthani
Civil and Architectural Work ABP4 CCCP
& ABP5 CCCP, Amata Nakorn Industrial
Private
Construction of Hotel, Prachinburi
Private
Construction of 8-Storey Parking Building
Industrial Estate Authority of
Thailand
Construction of Car Showroom, Office &
Car Park - Nonthaburi
Flood Wall around Lad Krabang Industrial
Estate
Private
Construction of Car Showroom, Pattanakarn
Mana Patanakarn Co., Ltd.
Construction of "Baranee Park", Romklao
Private
Construction of Drinking Water & Soda
Plant, Mahasarakham
MPWT Lao PDR
Road Improvement Project, Lao
Private
Jetty Work of Receiving Terminal Expansion
Project Phase 2, Rayong
Private
Construction of Hotel, Nakhonratchasima
Private
Construction of Hotel, Pattaya
Private
Construction of Flood Wall, Nakhonpathom
Private
Private
Private
Private
BOWIN Combined Cycle Cogeneration
Plant, Amata Nakorn Industrial Estate
Design and Construction of Road and Utility
(Phase 2), Industrial Estate
Water Tunnel for Flood Protection System
Phase 1 - Chiangmai
29
Total
Value
Remaining Project Type
May-15
270
13% Infrastructure
Sep-11
Nov-15
750
6% Infrastructure
Jun-13
Jan-15
700
0%
Sep-13
Aug-16
2,300
61%
Sep-13
Jun-16
1,100
26% Infrastructure
Sep-13
Feb-15
100
74%
Industrial
Sep-13
Jul-15
580
9%
Industrial
Nov-13
Mar-15
320
0%
Building
Dec-13
Feb-15
200
0%
Building
Feb-14
Feb-15
300
7%
Building
Jun-14
Mar-15
520
6% Infrastructure
Jan-14
Feb-15
220
0%
Building
Mar-14
Sep-15
500
39%
Building
Feb-14
Apr-15
480
0%
Industrial
May-14 Nov-16
600
56% Infrastructure
Start
End
Jul-10
Building
Tunnel
Jul-14
Mar-16
600
24%
Marine
Jul-14
Sep-16
550
44%
Building
Jul-14
Sep-15
400
22%
Building
Sep-14
Jun-15
200
Sep-14
Jun-16
350
53%
Oct-14
Mar-16
630
52% Infrastructure
Jul-14
Oct-15
90
5% Infrastructure
16%
Industrial
Tunnel
Current Backlog (Signed Contract)
Item
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
Owner
Project Description
Private
Pagoda - 5th-7th Floor, Chanthaburi
Department of Drainage and
Sewerage
Improve Wastewater Pipe System, Amphorn
Satharn Villa
Private
Warehouse Building Phase 2 - Rayong
Private
Ratchaburi Power Plant
Private
Oil Business Academy, Ayutthaya
Private
Mae Moh Power Plant Units 4-7
Replacement Project, Lampang
Private
Pile Work, Bangkok
Department of Public Works and
Town & Country Planning [DPT]
Flood Protection System Phase 3 - Omnoi,
Samutsakhon
Manholes and Underground Electrical
Private
Conduits - Light Green MRT Line
The Ratchaphruek Road Extension Phase 2
Department of Rural Roads
(Section 2)
Metropolitan Electricity Authority
(Section 2)
Metropolitan Waterworks
Authority
(Section 2)
TOT Public Co., Ltd.
(Section 2)
Construction of Car Showroom & Office Private
Sainoi Branch
Reinforced Concrete Dam - Sawat Canal
Sewerage
Overpass Crossing Intersection Highway #
Department of Highways
3256 with Highway # 3268
Bank Protection Dam in Pasak River Phase 1
Marine Department
(Section 2)
Private
Condominium (Architecture Work), Phyathai
Department of Public Works and
Town & Country Planning [DPT]
Flood Protection System, Angthong
Total
Value
Start
End
Nov-14
Nov-16
90
62%
Nov-14 May-15
35
0%
Tunnel
Oct-14
Jun-15
70
0%
Industrial
Nov-14
Dec-16
1,300
69%
Industrial
Dec-14
Dec-15
340
10%
Building
May-15
Jan-19
2,900
77%
Industrial
Dec-14
Feb-15
6
0%
Building
May-15
Sep-17
170
May-15
Apr-17
1,000
Mar-15
Mar-17
440
97% Infrastructure
Mar-15
Mar-17
400
100% Infrastructure
Mar-15
Mar-17
35
96% Infrastructure
Mar-15
Mar-17
50
100% Infrastructure
Jun-15
Jan-16
110
Oct-15
Oct-16
100
100% Infrastructure
Apr-15
Jun-17
370
100% Infrastructure
Apr-15
Oct-17
560
100% Infrastructure
Apr-15
900
Day
Nov-15
35
340
SUB TOTAL===>
20,111
Building
31% Infrastructure
100%
78%
46%
Tunnel
Building
Building
100% Infrastructure
10,145
Joint Venture
42
43
Electricity Generating Authority
of Thailand [EGAT]
Mae Moh Mine, EGAT [NWR-SCBB 50:50]
Private
Construction of Shopping Plaza (Extention),
Pathumthani [NWR-CES 50:50]
SUB TOTAL===>
Mar-09
Feb-18
8,400
30%
Mar-14
Aug-15
290
0%
8,690
30
2,520
Earth Work
Building
Current Backlog (Unsigned Contract)
Item
1
2
3
4
5
6
7
Owner
Sewerage
Sewerage
Sewerage
Sewerage
Metropolitan Electricity
Authority
Authority
Authority
Project Description
Improve Drainage System, Sukho Thai Palace
Reinforced Concrete Dam - Thawiwatthana
Canal
Improve Cover Pipeline Pumping,
Sukhumvit 42
Improve Drainage System, Chitralada Villa
Royal Residence
Underground Power Transmission Lines,
Khlong Phra Khanong
Conduits, Chulalongkorn Hospital
Conduits, Ramintra Road
SUB TOTAL===>
GRAND TOTAL===>
Note
- Joint Venture [JV] Project are Presented Only NWR's Portion
- Total Value is Roundup
31
Start End
6
Month
270
Day
90 Day
180
Day
Total
Value
50
100% Infrastructure
35
100% Infrastructure
10
100% Infrastructure
55
100% Infrastructure
375
100%
Tunnel
140
100%
Tunnel
240
100%
Tunnel
905
905
29,706
13,570
Backlog Type & Expected Gross Margin
Future projects are to be focused on high-margin works
in which the company has competitive edge
Expected Gross Margin By Project Type
Higher
Total Backlog Composition by Project Types
Company's expertise &
Core focus of '14 & '15
Marine
Tunnel
Industrial
Infrastructure
Building
Lower
Earth Work
32
Average Cost Structure
Infrastructure, Marine
Earth Work, Industrial, Building
Labor
25%
Material
75%
Tunnel
Labor
30%
Material
70%
33
Material
60%
Labor
40%
Cost Structure
34
New Project Engagement
‘15 New Project Engagement by Type
35
New Projects Awarded in 2015
Project
owner
Contract Value
Note
(THB mm)
1.
Manholes
Private
1,000
Signed#31
2.
Reinforced Concrete Dam
DDS
100
Signed#37
3.
Road Extension
DRR
440
Signed#32
4.
Road Extension
MEA
400
Signed#33
5.
Road Extension
MWA
35
Signed#34
6.
Road Extension
TOT
50
Signed#35
7.
Overpass
DOH
370
Signed#38
8.
Reinforced Concrete Dam
DDS
35
Unsigned#2
9.
Bank Protection Dam
MD
560
Signed#39
10.
Condominium
Private
35
Signed#40
11.
Car Showroom
Private
110
Signed#36
12.
Improve Cover Pipeline
DDS
10
Unsigned#3
13.
Flood Protection
DPT
340
Signed#41
14.
Improve Drainage System
DDS
55
Unsigned#4
15.
Underground Power Transmission Lines
MEA
375
Unsigned#5
16.
Manholes, Chula
MEA
140
Unsigned#6
17.
Manholes, Ramintra
MEA
240
Unsigned#7
TOTAL
36
4,295
Recent Completed Project
37
Porsche Center Pattanakarn
38
The Crystal SB, Ratchapruek
เดอะ คริ สตัล ราชพฤกษ์
39
Light Bulb Plant, ENDO Brand
40
Logistic Warehouse & Flood Protection,
Oishi Trading
41
Chana Combined Cycle Power Plant
42
Wang Noi Combined Cycle Power Plant
43
S12 Station & Stabling Yard, BTS
44
ZPELL Future Park Rangsit
45
Toyota Showroom, Chaiyaphruek
46
Current Project
47
Mae Moh Power Plant Unit 4-7
Replacement
48
Veranda Beach Pattaya Hotel
49
Drainage Tunnel Under
Bangsue Canal
50
Marketing
51
New Businesses
52
New Business - Property Development
Based on its success from CIN, the Company will selectively invest in more property projects
that provide both attractive margins and synergies with its current business
The Issara Ladprao
ISSI Condominium
• Modern high end condominium on ladprao road
• Modern condominium on Suksawat road
• JV with Charn Issara Development PCL (CI:NWR 60:40)
• JV with Charn Issara Development PCL (CI:NWR 60:40)
• Project revenue THB 2,700 mm
• Project revenue >THB 1,800 mm
• Total 561 units
• Total 892 units
• Unit area: 21-55 m2
53
Villa Baranee
Baranee Park
• The housing project on Rangsit Klong 3 Road
• The housing project on Romklao Road
• 100% owned by NWR
• Expected project revenue THB 600 mm
• A subsidiary 99% owned by NWR (Mana
Patanakarn Company Limited)
• Total 198 units
• Total land 35-3-1 rais
• Total 94 plots
• Total land 22 rais
54
• Low rise condominium on Lasalle road
• A subsidiary 99% owned by NWR (Mana
Patanakarn Company Limited)
• Total 425 units
Aspen Condo Lasalle
• Total land 3-3-78.1 rais
55
Q&A Session
56
Thank You
57

NAWARAT PATANAKARN PUBLIC COMPANY LIMITED

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NAWARAT PATANAKARN PUBLIC COMPANY LIMITED