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TIRATHAI PUBLIC COMPANY LIMITED

OPPORTUNITY DAY ON 23 MAY 2013

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Content
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Company Profile Vision and Mission Business Plan & Investment

Operating Result for 1st Quarter 2013

Forecast for 2013 Question & Answer
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TIRATHAI

& Its subsidiary

(Plant I )
Manufacture for Distribution transformer Capacity up to 10 MVA System Voltage up to 36 kV

TIRATHAI Public company Limited

(Plant II Head Office) Manufacture for Power transformer Capacity up to 300 MVA System Voltage up to 230 kV

THAIFINS Co.,ltd. Manufacture for Transformers fins and Tank support to Tirathai Plc.,ltd.

TIRATHAI E&S Co.,ltd. Distribution , installation maintenance service of electrical power equipment

L.D.S. METAL WORK Co.,ltd.

Manufacture for Tank and fabricate still .

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Transmission Line
PRIVATE SUBSTATION

Big Industry > 10 MVA

Power Plant

Step up Transformer

Transmission line 500, 230, 115 kV Transmission line 230, 115, 69 kV MEAS SUBSTATION ~60 MVA

Transmission line 230, 115, 69 kV

6.6, 22, 33 24 kV

PEAS SUBSTATION ~60 MVA 6.6, 3.3 416/240, 400/230 kV

Distribution line 24, 12/24 kV

Distribution line 22, 33 kV Industry & Big Building 400/230 V

Infrastructure & Housing 416/240 V

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Power Network Products

POWER PLANT

Tirathai E&S Co.,Ltd.

TERMINAL STATION
230, 500 kV

69, 115 kV

SUBSTATION

12, 22,24,33 kV

240/416 , 230/400 V

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Products of Tirathai
Power Transformer
Capacity 5-300 MVA Rated Voltage 230 kV.

Distribution Transformer
Capacity 1-100 MVA Rated Voltage 36 kV.

Rectifier & Induction Furnace Capacity 1-10 MVA Rated Voltage 36 kV.

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Products of TRT E&S

HV Gas Insulated Switchgear
Tirathai E&S Co.,Ltd.

Aerial Crane Device and Digger Derrick Unit

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Products of L.D.S.

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Vision & Mission

Vision, Mission for Sustainable Business Future

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Vision

To be a leading transformer manufacturer, distributor and comprehensive services provider in Asia and Oceania and to seek opportunities of joint venture in related energy business. These will be supported with quality performance serving customers demand on the basis of corporate good governance and social responsibility.

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Missions

BUSINESS To utilize technical expertise to collaborate with customers in order to design and manufacture transformers of quality suitable for their system and nature of work. Also to develop a complete range of service system to support customers electrical system maintenance. To expand the market structure covering countries in Asia and Oceania. To increase distribution channels of energy generating and distributing equipments and to enter joint ventures in energy generating system projects. CUSTOMER To serve customers' need by focusing on quality, reasonable price, in time delivery and good service. To be strongly intent on being the first choice of customers at any time when they demand transformer products and services. HUMAN RESOURCES To encourage, develop and retain people to obtain their expertise and to build up their spirits of Teamwork, Quality, Integrity and Customer focus. CORPORATE GOVERNANCE To have credibility to the shareholders and treat all stakeholders with fairness. CORPORATE SOCIAL RESPONSIBILITY To be a good member of the society and perform business with responsible concern for the public.
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Total Income
Million Baht

5,500

4,000

2,500

Before Investment

After Investment

1,000
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Main Product & New Business After Investment

2013 1,085 1,215 105 2014 1,100 1,400 140 2015 1,150 1,790 160 2016 1,270 2,100 180 2017 1,400 2,500 200
6000
Joint Ventures in New Business Distributing Equipment Service Power

Type Distribution Transformer Power Transformer Service & Others

5000

4,768 4,155

Total

2,405

2,640

3,100

3,550

4,100
Mbaht

4000

3,642
3,139

Distributing Equipment

200

220

242

266

293

3000

2,845

2000

Tank & Steel Fabricate plant

240

279

300

339

375
1000

Total

2,845

3,139

3,642

4,155
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4,768

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Investment Progress

Expected Completion Date

1. Power Transformer Plant Expansion 2. New Distribution Transformer Plant 3. New Tank and Fabricate Steel Plant End of 2013 Mid of 2014 Mid of 2014

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Increase Transformer Production Capacities

LOGO from 5,000 MVA to 9,000 MVA or 80% Increase After Investment

MVA
10,000

9,000
9,000 8,000
7,000 6,000

5,000
7,500

5,000 4,000
3,000 4,000

2,000 1,000 1,000

Before Investment After Investment

1,500

Distribution transformer
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Power Transformer

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Increase Tank & Fabricate Steel Production Capacities

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from 1,500 to 10,000 tones per year or 666% increase after investment

Tones
10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 -

10,000

1,500

Before Investment After Investment

Production capacity
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Operating Result for 1st Quarter 2013

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Consolidated financial Statements

2009 2,263.68 2,223.16 581.66 343.55 312.57 220.75 1,971.58 1,187.95 783.63 26.16% 9.75% 16.01% 30.47% 3.86 1.09 0.55 2010 1,519.93 1,492.03 441.09 237.21 205.10 142.73 1,685.46 753.73 931.73 29.56% 9.39% 11.22% 16.64% 3.75 0.59 0.30 20 2011 1,882.95 1,854.68 555.11 308.32 268.21 199.42 1,938.96 874.86 1,064.13 29.93% 10.59% 14.80% 19.98% 3.80 0.73 0.40 2012 1,956.15 1,921.16 374.57 130.87 82.86 30.22 2,552.24 1,496.52 1,025.72 19.50% 1.54% 1.35% 1.46% 3.66 0.11 0.01 10:1

Unit: Million Baht Total Revenue Revenue from Sales & Service Gross Profit EBITDA EBIT Net Profit Total Assets Total Liabilities Shareholders' Equity

1Q 2013 477.48

452.67

128.61 72.23 58.81 36.81 2,578.29 1,497.32 1,080.97

Financial Ratio
Gross Profit Margin (%) Net Profit Margin (%) Return on Asset (%) Return on Equity (%) Book Value Per Share (Par1Baht) Earning Per Share Dividend Per Share Stock Dividend Ratio

28.41% 7.73% N/A N/A

3.83

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0.13 N/A N/A

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Forecast for 2013

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Structure of Incomes by Customer

2010 545 455 420 66 34 2011 810 676 292 52 53 2012 645 655 275 134 49 151 2013 (F) 1,020 880 400 105 200

Customer
-Government - Local - Export - Service - Others Distributing Equipment Tank & Steel Fabricate plant

47

240

Total

1,520

1,883

1,956
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2,845

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Structure of Incomes by Product

2010 770 650 66 2011 1,189 589 52 2012 786 789 134 2013 (F) 1,085 1,215 105
Million Bath

Product - Distribution - Power - Service

2,845 2500 2000

1,883 1,520

1,956

1500

1000

- Others
Distributing Equipment Tank & Steel Fabricate plant

34
-

53
-

49
151

500

200

0 2013 (F)

47

240

Tank & Steel Fabricate

Distributing equipment Other Service

Total

1,520

1,883

1,956
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2,845

Power

Distribution

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Delivery & Backlog Orders As of April 2013

M Baht Dist. Power 243 455 325 540 100 156 23

Customer Government

1%
12%

13% 33%

Local

Dist. Power

Export

Dist. Power

41%

Service Others -Distributing equipment - Tank & Steel Fabricate plant Total

Government
213

Local Service

Export Other

68

2,123

Delivery in 2013 = Delivery in 2014 =

2,061 62

MBaht MBaht

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Bids and Quotations in Process as at 30 April 2013

Customer
MEA

M Baht
2,100

PEA
EGAT Local Export Others (Distributing equipment)

500
200 2,300 500 400

Total

6,000

** Expect to receive the above orders approximately 20-25%

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Question & Answer Thank You

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