EASTW : Opp day Sep 4, 2012
-
Upload
tonhor-hor -
Category
Documents
-
view
656 -
download
4
description
Transcript of EASTW : Opp day Sep 4, 2012
East Water Performance 2Q2012
Eastern Water Resources Development and Management Public Company Limited
Eastern Water Resources Development and Management Public Company Limited
Agenda
2
• 2H2012 Outlook
• 1H2012 Performance
• Water Situation
• Project Update
Eastern Water Resources Development and Management Public Company Limited
2H2012 Outlook Positive / Negative Factors
Positive Factors
• Thailand Board of Investment (BOI) reported that the total investment of those who have investment incentive in 1H2012 grew up 34%.
• According to The Tourism Authority of Pattaya, revenue from tourism is expected to grow up to 7.7 billion in 2012 from 7.3 billion in 2011 and the number of tourists was expected to increase from 7 million people per year to 10 million in the next 3 years.
Negative Factor
• Due to European economic crisis, the exports fell 15.6% (January - April 2012) and the export volume for the year 2012 is expected to grow by only 7-8%
• Eastern Seaboard may be threatened with drought in 2013 and may cause the higher cost for the company
*Source of Information: The University of Thai Chamber of Commerce
3
Eastern Water Resources Development and Management Public Company Limited
30.3 65.7
155.7
208.5
79
134.6
0
50
100
150
200
250
300
350
400
450
H1/2011 H2/2012
Total Investment – Promotion Certified issued by BOI
Zone3
Zone2
Zone1
**Zone 1: Bangkok/Nakornpathom/ Pathumthani / Samutsakorn / Sumutprakarn
Zone 2: Rayong / Chachoengsao/ Chonburi/ Ratchaburi/ Phuket/Others
Zone 3: 58 Remaining Provinces
+70.4%
+33.9%
+116.8%
Note: Chemical/Plastic/Paper Industry grew by 44% (YOY)
2H2012 Outlook Growth of Industrial Estate in Eastern Seaboard
*Source of Information: Thailand Board of Investment: BOI
265
408.8 54.3%
Billion Baht
4
Eastern Water Resources Development and Management Public Company Limited
2H2012 Outlook
Sale volume growth 8-9% (YoY %) Potential Customer
New Business (Under Study) • Diversification to Utilities/Infrastructure Company • Desalination
Customers Expected Volume Per year
Year
5 SPP Projects in Hemaraj 10 MCM. 2015
PTT Group 1.5 – 2.7 MCM. 2015
IRPC & CP Land 0. 5 – 1.0 MCM. 2014
Gateway City 7.0 – 14.0 MCM. 2016-2017
5
Eastern Water Resources Development and Management Public Company Limited
Description Amount
(MB)
Year
2012 2013 2014 2015 2016
East Water
Enhancement of water pipeline 500 87 265 148
Bangpra Project** 850 302 384
Tabma Project 2,735 891 1,131 558 70 85
Total 4,085 1,280 1,780 706 70 85
6
2H2012 Outlook CAPEX 2012-2014
**CAPEX for Bangpra project have been used in 2011 in amount of 164 million Baht
Eastern Water Resources Development and Management Public Company Limited
Current pipeline Pipeline on the Construction RID Pipeline (Completed) RID Pipeline (On the construction)
สระส ำรองน ำ้ดบิฉะเชงิเทรำ
Sam Nuk Bok
Klongyai
NPL Dok Krai
Prasae
แมน่ ำ้บำงปะกง
Bangpakong river
Siam
แมน่ ำ้ระยอง
Tapma
Bangpra
Water Supply Sourcing
Projects
Supply
(MCM)
Investment
(MB)
Current Projects
1.Bangpra pumping Station 18.0 850
2.Tapma 55.0 2,735
Total 73.0 3,585
2H2012 Outlook Raw Water Investment :Water Supply Sourcing
7
Eastern Water Resources Development and Management Public Company Limited
Agenda
8
• 2H2012 Outlook
• 1H2012 Performance
• Water Situation
• Project Update
Eastern Water Resources Development and Management Public Company Limited
1H2012 Performance Financial Summary: 10 Yrs Revenue VS Net Profit
*This presentation excluded the extra-ordinary revenue of the Prasae project in 2010, its cost of project sold, and its profit from the 2010 operating performance
9
1,159
1,416
1,899 2,094
2,401 2,430 2,502
2,878
3,107 3,310
348 340 441 500 508 441
571
808 867 1,008
0
500
1,000
1,500
2,000
2,500
3,000
3,500
MB
.
Revenue
Net Profit
704
1,856
Eastern Water Resources Development and Management Public Company Limited
Rayong 21%
Sattahip 20%
Bangpakong 13%
Chacoengsao 15%
Chonburi 9%
Others 22% IEAT
37%
Domestic 32%
Private Estates
25%
General Factories
7%
EASTW’s Total Revenue Breakdown by Line of Business
Total Revenue*= 1,855.81 MB
Tap Water Breakdown by Contracts
* As of June 31, 2012 (6M)
Tap Water Revenue*= 500.03 MB
Raw Water Breakdown by Customers
10
Raw Water Revenue*= 1,296.14 MB
Raw Water Tap Water
1H2012 Performance Financial Summary: Product Mix
* As of June 31, 2012 (1H)
Raw Water 70%
Tap Water 27%
Others 3%
Eastern Water Resources Development and Management Public Company Limited
1H2012 Performance Financial Summary: Sale Volume; Raw and Tap Water
65.72 65.72 63.56 66.51 69.39 70.44
0
10
20
30
40
50
60
70
80
Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12
131.44
139.83
127 128 129 130 131 132 133 134 135 136 137 138 139 140 141
H1/11 H1/12
15.16 15.43 15.76 16.32 16.36 17.16
0
5
10
15
20
Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12
30.59
33.52
29
30
31
32
33
34
H1/11 H1/12
Raw water Volume
Tap water Volume
1.51% q-o-q
11.21% y-o-y
4.89% q-o-q
7.18% y-o-y
11
Eastern Water Resources Development and Management Public Company Limited
1H2012 Performance Raw Water & Tap Water Tariff
9.11 9.11 9.10 9.11 9.55
10.03
12.07 12.28 12.18 12.31 12.42 12.45
7
8
9
10
11
12
13
14
Q1 Q2 Q3 Q4 Q1 Q2
Raw Water
Tap Water
(Bt/ cu.m)
Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012
12
Eastern Water Resources Development and Management Public Company Limited
1H2012 Performance Cost Structure
Raw Water 18%
Electricity 37%
Depreciation 29%
Others 16%
Raw Water 22%
Electricity 41%
Depreciation 25%
Others 12%
42% 37%
12% 11%
2% 2%
13% 11%
0%
20%
40%
60%
80%
Q2/2011 Q2/2012
Tax
Interest
SG&A
COGS
2012
Raw Water 29%
Staff 10% Electricity
27%
Depreciation 16%
Chemical 5%
Others 13%
Raw Water 34%
Staff 9% Electricity
27%
Depreciation 14%
Chemical 5%
Others 11%
2011 2011
2012
Cost Structure: Consolidated
Raw Water Tap Water
13
Eastern Water Resources Development and Management Public Company Limited
1H2012 Performance Financial Summary: Revenue and Net Profit
820 832 817 841
892 964
236 257 242 274
324 379
0
200
400
600
800
1000
1200
Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12
MB
1653
1856
H1/11 H1/12
Revenue (MB)
493
704
H1/11 H1/12
Net Profit (MB)
47.5% y-o-y
15.9% y-o-y
8.1% q-o-q
17% q-o-q
14
Eastern Water Resources Development and Management Public Company Limited
1H2012 Performance Financial Summary: Financial Ratios
Ratios 2Q 2011 2Q 2012
Gross Profit Margin 67.07% 71.56%
Net Profit Margin 30.82% 39.34%
ROE 13.02% 17.32%
ROA 11.76% 11.30%
D/E 0.55 0.58
EPS 0.16 0.23
15
Eastern Water Resources Development and Management Public Company Limited 16
1H2012 Performance Financial Summary : Balance Sheet as of June 30, 2012
Asset : 11,291.98 MB Liability : 4,153.13 MB Equity : 7,138.85 MB
4.81% 8.21% 2.92%
Jun,30 2012
Asset : 10,774.24 MB Liability : 3,838.04 MB Equity : 6,936.20 MB Dec,31 2011
Eastern Water Resources Development and Management Public Company Limited
72.87% 72.18% 73.02%
69.40%
45%
50%
55%
60%
65%
70%
75%
2008 2009 2010 2011 2012(6M)
Dividend Payout
0.34
0.48 0.52
0.61
0.25
0.35 0.38
0.42
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
2008 2009 2010 2011 2012(6M)
TH B
/sh
are
EPS VS DPS
EPS
DPS
17
*This presentation excluded the extra-ordinary revenue of the Prasae project in 2010, its cost of project sold, and its profit from the 2010 operating performance
1H2012 Performance Financial Summary: Dividend Policy
0.42
0.20
47.62%
Eastern Water Resources Development and Management Public Company Limited
Agenda
18
• 2H2012 Outlook
• 1H2012 Performance
• Water Situation
• Project Update
Eastern Water Resources Development and Management Public Company Limited
0
20
40
60
80
100
120
อ่ างฯบางพระ
53%
0
10
20
30
40
50
60
70
80
อ่ างฯดอกกราย
0
4
8
12
16
20
24
อ่ างฯหนองค้ อ0
20
40
60
80
100
120
140
160
180
อ่ างฯหนองปลาไหล
42% 20%
33%
0
20
40
60
80
100
120
140
160
180
200
220
240
อ่ างฯประแสร์
51%
0
5
10
15
20
25
30
35
40
45
อ่ างฯคลองใหญ่
73%
62.39
117.0
4.36
21.4
23.59
71.4
69.49
163.75
29.19
40.1
125.48
248.0
Chonburi Rayong
Bangpra Nongkor Dok Krai NPL Klong-Yai
Prasae
Water Situation
Water Supply in Major Reservoirs as of Aug 31, 2012
19
Eastern Water Resources Development and Management Public Company Limited Total
Wate
r Stor
age o
f Dok
Kra
i, Non
g Pla
Lai &
Klon
g Yai
Reser
vior
(Milli
on m
3)
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Aug 31, 2012 122.27 million m3 (44.4%)
Maximum Storage 275.25 million m3
Dok Krai, Nong Pla Lai & Klong Yai Reservoir
2012 Highest 2006-2012
Average 2006-2012
Lowest 2006-2012
Minimum Storage 19.5 million m3
Dead Storage 9.5 million m3
2005
2004
Water Situation
Water Situation : Dok Krai, Nong Pla Lai, Klong Yai
20
Eastern Water Resources Development and Management Public Company Limited
Bang Pra & Nong Kho Reservoir Maximum Storage 138.40 million m3
Aug 31, 2012 66.75 million m3 (48.2%)
Minimum Storage 13.05 million m3
Total
Wate
r Stor
age o
f Ban
g Pra
& N
ong K
ho R
eserv
ior
(Milli
on m
3)
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
2012
Highest 2006-2012
Average 2006-2012
Lowest 2006-2012
2005
Water Situation
Water Situation : Bang Pra & Nong Kho
21
Eastern Water Resources Development and Management Public Company Limited
Prasae Reservoir
Maximum Storage 248.0 million m3
Aug 31, 2012 125.48 million m3 (50.6%)
Minimum Storage 20.0 million m3 Total
Wate
r Stor
age o
f Ban
g Pra
& N
ong K
ho R
eserv
ior
(Milli
on m
3)
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
2012
Lowest 2006-2012
2005
2011
2006
2009
Water Situation
Water Situation : Prasae
22
Eastern Water Resources Development and Management Public Company Limited
140
284 303 312 325
100
150
200
250
300
350
1H 2012 2012F 2013F 2014F 2015F
Demand Forecast Raw Water MCM / Year
+3.0%
23
+6.7% +4.2%
34
68 72 76 80
20
40
60
80
100
1H 2012 2012F 2013F 2014F 2015F
Demand Forecast Tap Water
+5.6% +5.9% +5.3%
*Tap water sales volume was excluded O&M Contract
+8.4%
Water Situation
Demand Forecast: Raw and Tap Water
+5.5%
Eastern Water Resources Development and Management Public Company Limited
Agenda
24
• 2H2012 Outlook
• 1H2012 Performance
• Water Situation
• Project Update
Eastern Water Resources Development and Management Public Company Limited
Nongplalai-Maptaphut # 3
• Increasing pumping capacity by 105 MCM/ Yr
• Overall Progress 94.34% (as of July 31, 2012)
• Completion: Dec, 2012
Project Update Nongplalai-Maptaphut # 3
25
Investment: 2,181 MB
Eastern Water Resources Development and Management Public Company Limited
Project Update Bangpra project
Pumping Station
Bangpra Reservior
• Reducing water transmit from Rayong to Chonburi
• Building new pumping station at Bangpra reservoir
• Capacity: 200,000 CU.M per day starting in 2014
• Overall Progress 26.40% (as of July 31, 2012
• Completion: 2013
Bangpra Project
26
Investment: 850 MB
Eastern Water Resources Development and Management Public Company Limited
Rayong River pumping station
Location
Maptaput
27
• Development of supply sourcing
• Increase water supply by 55 MCM per year
• Land: 1,000 acres (400 Rai)
• Pumping station, pipeline
• Overall Progress 13.70% (as of July 31, 2012
• Completion: 2014
Tabma Project
Project Update Tabma Project
Investment: 2,735 MB
27
Klong Tapma Puming station
Eastern Water Resources Development and Management Public Company Limited
Project Update Other Projects: Dok-Krai and Map-Ka 2
Pumping station Improvement
Dok-Krai
• Improving pump and laying pipeline
• Increasing capacity from 96 to 116 MCM/ Yr
• Overall Progress 100.00% (as of July 31, 2012)
• Completion: 2012
Storage pond
Map-Ka 2
• Secure water pumping system>> reserve water more than 20 hrs in case of power failure
• Capacity: 220,000 CU.M.
• Overall Progress 76.96%
(as of July 31, 2012)
• Completion: 2012
28
Investment: 192 MB Investment: 100MB
Eastern Water Resources Development and Management Public Company Limited
Q & A
29
Eastern Water Resources Development and Management Public Company Limited
Thank you
Eastern Water Resources Development and Management Public Company Limited
Index
Eastern Water Resources Development and Management Public Company Limited
Cabinet Resolution
On Sep 12, 1992
The Provincial Waterworks
Authority (PWA)
EAST WATER
Initial Paid-Up Capital 10 MB.
The Royal Irrigation
Department (RID)
To continue its role as to develop raw water resources & reservoirs
To establish a new company
Responsible for the development & management of the raw water delivery system in Eastern
Seaboard(ES) of Thailand
• Aug 1996: increased capital to 1.7 billion Baht • Jul 1997: Listed on SET • Dec 1998: Established Universal Utilities • Sep 1999: Awarded ISO 9002
Company Outlook: History
32
Eastern Water Resources Development and Management Public Company Limited
East Water
Universal Utilities (UU)
100%
Chachoengsao Waterwork 99%
Bangpakong Waterwork 99%
Nakornsawan Waterwork 100%
EGCOM TARA
15.88%
Foreign Investors 18.78%
As of July 31, 2012
Company Outlook: Shareholders and Group Structure
33
PWA 40%
EGCO 19%
Utilico 10%
IEAT 5%
Other Investors
26%
Eastern Water Resources Development and Management Public Company Limited
Chacoengsao Pipeline
Chonburi Pipeline
Prasae - Klongyai Pipeline
Rayong Pipeline
Raw Water Customers
Rayong Heavy Industry, Petro Chemical
Chonburi Domestic Consumpt., General Industry
Chachoengsao Automotive, Domestic Consumption
Tap Water Major Concessions
Rayong 86,400 CM per day
Ratchburi 48,000 CM per day
Chachoengsao 47,400 CM per day
Bangpakong 43,200 CM per day
Suttahip 31,200 CM per day
Chonburi 24,000 CM per day
Nakornsawan 19,200 CM per day
Others 17,710 CM per day
Company Outlook: Pipeline Network and Service Areas
34
Eastern Water Resources Development and Management Public Company Limited
0
200
400
600
2554 2555 2560 2565
176 187 225 284 69 79
101 111
21 23 48
60
2 3 3
4
De
ma
nd
(M
CM
./ye
ar)
Year
269 292 377
459
Water Situation
Water demand in the year 2022
Area
(+) Factor
(-) Factor
Demand Increase (MCM.)
Rayong
-
58.5
Chonburi
-
10
Borwin-Pluakdang
-
12
Chacoengsao
Customers
-
1
Major customers
-Maptaphut Indust. Estate
-Petrochem. Customers in EIE
RIL1996 , PTT Complex -Satthahip Waterworks
Major Customers
-Pattaya Waterworks
Sri-racha Waterworks, Laem Chabung Waterworks
Major Customers
-Power plant in ESIE, CIE
-Nong klang dong
Chacheongsao
Borwin-Pluakdang
Chonburi
Rayong
2011 2012 2017 2022
35
Eastern Water Resources Development and Management Public Company Limited
Half Year Results
Ended 30 June 2012
Eastern Water Resources Development and Management Public Company Limited
Contents
Company Highlights
Operation Highlights
Financial Results
37 37
Eastern Water Resources Development and Management Public Company Limited
Nakhonsawan
Srichang Island
Chachoengsao Bangpakong
Group 1 Concession Contracts
Group 2 O&M Contracts
Sattahip , Chonburi
Group 3 NRW Contracts
Prathum-Rangsit (PWA)
Samui Island
Rayong
Universal Utilities Co., Ltd. (UU)
Rachaburi-Samutsongkram Borwin , Nongkham Larn Island
38
Eastern Water Resources Development and Management Public Company Limited
Universal Utilities Q2/2012 Highlight
39
Million Baht
Performance Q2/2012 % Growth
Revenue 261 MB 12.29%
EBITDA 83 MB 22.72%
NET Profit 40 MB 48.37%
-
50.00
100.00
150.00
200.00
250.00
300.00
Q2/2011 Q2/2012
232.74 261.35
67.52 82.86
27.12 40.23
Revenue
EBITDA
Net Profit
39
Eastern Water Resources Development and Management Public Company Limited
Universal Utilities Jan-Jun 2012 Highlight
40
Million Baht
Performance Jan-Jun 2012 % Growth
Revenue 507 MB 9.10%
EBITDA 153 MB 22.44%
NET Profit 74 MB 53.14%
-
100.00
200.00
300.00
400.00
500.00
600.00
Jan-Jun 11 Jan-Jun 12
465.09 507.42
124.80 152.81
48.11 73.67
Revenue
EBITDA
Net Profit
40
Eastern Water Resources Development and Management Public Company Limited
Contents
Company Highlights
Operation Highlights
Financial Results
41 41
Eastern Water Resources Development and Management Public Company Limited 42
Tap Water Demand Q2/2012 (Excluded O&M Contract)
14.00
15.00
16.00
17.00
18.00
Q2/2011 Q2/2012
15.43
17.16
Million Cubic Meter 11.25%
Remarks : CWS Increase 0.38 Million Cu.m. BWS Increase 0.65 Million Cu.m. Bowin Increase 0.17 Million Cu.m. Sattahip Increase 0.57 Million Cu.m. Rayong Increase 0.36 Million Cu.m. 42
Eastern Water Resources Development and Management Public Company Limited 43
Tap Water Demand Jan-Jun 2012 (Excluded O&M Contract)
28.00
30.00
32.00
34.00
Jan-Jun 11 Jan-Jun 12
30.59
33.52
Million Cubic Meter 9.58%
Remarks : CWS Increase 0.80 Million Cu.m. BWS Increase 0.83 Million Cu.m. Bowin Increase 0.28 Million Cu.m. Sattahip Increase 0.85 Million Cu.m. Rayong Increase 0.59 Million Cu.m. 43
Eastern Water Resources Development and Management Public Company Limited
Contents
Company Highlights
Operation Highlights
Financial Results
44
Eastern Water Resources Development and Management Public Company Limited
-
20.00
40.00
60.00
Q2/2011 Q2/2012
27.12 40.23
-
100.00
200.00
300.00
Q2/2011 Q2/2012
232.74 261.35
Tap Water Revenue & Net Profit
45
Million Baht
Revenue Q2/2011 Vs. Q2/2012 (Consolidated) Net Profit Q2/2011 Vs. Q2/2012 (Consolidated)
Million Baht
Remarks : CWS Increase 10 MB Satthahip Increase 8 MB Bowin Increase 4 MB Rayong Increase 5 MB CHonburi Decrease 4 MB BWS Increase 5 MB
12.29% 48.37%
Remarks : CWS Increase 2 MB BWS Increase 3 MB Bowin Increase 3 MB Rayong Increase 3 MB Samui Increase 3 MB
45
Eastern Water Resources Development and Management Public Company Limited
-
50.00
100.00
Jan-Jun 11 Jan-Jun 12
48.11
73.67
-100.00 200.00 300.00 400.00 500.00 600.00
Jan-Jun 11 Jan-Jun 12
465.09 507.42
Tap Water Revenue & Net Profit
46
Million Baht
Revenue Jan-Jun 2011 Vs. 2012 (Consolidated) Net Profit Jan-Jun 2011 Vs. 2012 (Consolidated)
Million Baht
Remarks : CWS Increase 16 MB Satthahip Increase 12 MB Bowin Increase 6 MB Rayong Increase 9 MB Chonburi Decrease 5 MB BWS Increase 7 MB
9.10% 53.14%
Remarks : CWS Increase 7 MB BWS Increase 5 MB Bowin Increase 4 MB Rayong Increase 6 MB Samui Increase 4 MB
46
Eastern Water Resources Development and Management Public Company Limited
-
25
50
75
100
2012 A 2012 E 2013 E 2014 E 2015 E
34
68 72 76 80
Forecasted
47
Million Cubic Meter
Tap Water Demand (Excluded O&M Contract)
6 Mths
4.64% 6.02% 5.16%
AVG. Growth 5.27%
47
Eastern Water Resources Development and Management Public Company Limited 48
Capex 2012-2014
Description Amount
(MB)
Year
2012 2013 2014
Universal Utilities
Plant Capacity Expansion 498 410 88 0
Pipeline Expansion 79 28 29 22
M&E Replacement 252 87 91 74
Total 829 525 208 96
Plant Expansion 2012 Chonburi Project 250 MB (24,000 Cu.M./Day) 2012 Satthahip Project 160 MB (12,000 Cu.M./Day) 2013 BWS Project 88 MB (Expand 19,200 Cu.M./Day)
48
Eastern Water Resources Development and Management Public Company Limited 49
Capacity
ประปา/ปี มิ.ย.-55
ฉะเชิงเทรา 47,400
บางปะกง 43,200
นครสวรรค์ 22,200
ระยอง 86,400
สัตหีบ 31,200
บ่อวิน 9,600
ชลบุรี 24,000
เกาะล้าน 300
เกาะสีชัง 250
เกาะสมุย 3,000
หนองขาม 1,560
สัมปทาน 269,110
ราชบุรี 48,000
O&M 48,000
รวม 317,110
ลบ.ม./วนั
49
Eastern Water Resources Development and Management Public Company Limited
Thank You www.eastwater.com
Eastern Water Resources Development and Management Public Company Limited
Water Situation
51
Accumulated Rainfall (Jan 1 – Aug 27, 2012)
Aug 27, 2012
Eastern Water Resources Development and Management Public Company Limited
El Niño
La Niña
neutral
Water Situation El Niño / La Niña
52
Eastern Water Resources Development and Management Public Company Limited
Water Situation
Rayong Vs Chonburi
Rayong Chonburi
Accumulated rainfall (Aug 27, 2012) was 834.2 MM >>> Low
Accumulated rainfall (Aug 27, 2012) was 592.6 MM >>> Very Low
53
Eastern Water Resources Development and Management Public Company Limited
Budgeting 2012
Volume (M.CM) 283.57 283.57
Cost of Goods Sold (unit: million baht)
Raw Water 161.01 0.57 161.01 0.57
electricity 323.79 1.14 323.79 1.14
depreciation 250.00 0.88 250.00 0.88
other 126.92 0.45 126.92 0.45
drought protection expense 5.00 0.02 65.79 0.23
Total COGS 866.72 3.06 927.51 3.27
Water Situation
Cost from Drought
Eastern Water Resources Development and Management Public Company Limited
IEAT 37%
Consumption 32%
Private Estates
25%
General Factories
7%
EASTW’s Total Revenue Breakdown by Line of Business
Total Revenue*= 1,855.81 MB
Raw Water Revenue*= 1,296.14 MB
Raw Water Breakdown by Province Tap Water Breakdown by Province
* As of June 31, 2012 (1H)
Tap Water Revenue*= 417.41 MB
Raw Water Breakdown by Customers
55
Raw Water Revenue*= 1,296.14 MB
Rayong 73%
Chonburi 26%
Chachoengsao
1% Rayong 21%
Sattahip 20%
Bangpakong 13%
Chacoengsao 15%
Chonburi 9%
Others 22%
Raw Water Tap Water
Raw Water 70%
Tap Water 23%
Services&Re
ntal 6%
Others 1%
2Q2012 Performance Financial Summary: Product Mix
* As of June 31, 2012 (1H)
Eastern Water Resources Development and Management Public Company Limited 56
Total Cost of Tap Water Breakdown (Consolidated Jan-Jun)
Remarks : Total Cost Exclude Cost Allocation ,Tax and Interest Expense.
Revenue & Total Cost of Tap Water (Consolidated Jan-Jun)
0100200300400500600
Jan-Jun 11 Jan-Jun 12
Total Cost(Exclude Tax and Interest)
Revenue
465.09 507.42
78.37% 82.53% 33.12% 29.15%
7.87% 7.63% 5.92% 5.69% 11.47% 12.55% 0.77% 0.83%
34.30% 36.91%
6.55% 7.24%
0%
20%
40%
60%
80%
100%
120%
Jan-Jun 12 Jan-Jun 11
Tap Water cost structure
Raw Water Staff Cost Electricity Depreciation Chemical Cost of Services Others
2Q2012 Performance Tap Water Revenue and Costs Breakdown
56
Eastern Water Resources Development and Management Public Company Limited
0
200
400
600
2554 2555 2560 2565
176 187 225 284 69 79
101 111
21 23 48
60
2 3 3
4
De
ma
nd
(M
CM
./ye
ar)
Year
269 292 377
459
Water Situation
Raw Water Demand 2011-2022
Chacheongsao
Borwin-Pluakdang
Chonburi
Rayong
Area
(+) Factor
(-) Factor
Demand increase (MCM.)
Rayong
Rayong power plant
Baan-chang Waterworks
38.5
Major customers
-Maptaphut Industrial Estate
-Petrochem. Customers in EIE , Asia Industrial Estate, RIL1996 , PTT Complex
-Satthahip
Waterworks
Chonburi
Major Customers
-Laem Chabung Industrial Estate
–Thai oil
-Laem Chabung , Pattaya , Sri-racha Waterworks
-
21.5
Borwin-Pluakdang
Major Customers
-Power plant in ESIE, CIE, H-ESIE, TNP2 - Nong Klang dong
-
25
Chacoengsao
Major Customers
-Chonburi Waterworks
UU
1
2011 2012 2017 2022
57
Eastern Water Resources Development and Management Public Company Limited
Demand + NRW 3% (MCM.)
Capacity of pipe line system (MCM.)
Supply (MCM.)
351.0
281.5
283.7
292.2
456.0 (Plus NPL3-105 MCM)
372
365.9
376.9
456.0
394.5
445.7
459.1
2012 2017 2022
Water Situation Raw Water Demand and Supply 2012-2022
Demand (MCM.)
58
Eastern Water Resources Development and Management Public Company Limited
Water Situation
Existing Supply 2012
2012
2012
Total Sale Volume 284
59