Investor Presentation Update 17 August 2006 Sino-Thai Engineering & Construction Public Company...
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Transcript of Investor Presentation Update 17 August 2006 Sino-Thai Engineering & Construction Public Company...
Investor PresentationInvestor PresentationUpdate 17 August 2006
Sino-Thai Engineering & ConstructionSino-Thai Engineering & Construction
Public Company LimitedPublic Company Limited
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Q2-06 P/L Statement
Increase in commodities price and delay in Airport Rail Link pressured overall performance
Consolidated Q2-05 Q2-06 % Change
Construction and service income 3,542 3,574 1%
Total revenues 3,564 3,606 1%
Cost of construction and service 3,333 4,449 33%
Provision for loss of construction projects 4 905
Gross profit 209 (875) -518%
SG&A 83 81 -2%
Interest expense 17 24 41%
Net profit 122 (1,857) -1617%
EPS (Bt.) 0.12 (1.57)
EPS-fully diluted (Bt.) 0.09 (1.38)
Gross profit margin 5.9% -24.5%
Net profit margin 3.4% -51.5%
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Q2-06 Balance Sheet
Consolidated Q2-05 Q2-06 % Change
Cash and current investment 1,732 1,591 -8%
Current assets 7,949 10,767 35%
Total assets 11,877 15,589 31%
Financial debts 1,937 2,066 7%
Accounts Payable 2,701 2,485 -8%
Advance receipt from construction contracts 2,939 4,752 62%
Current liabilities 7,440 10,539 42%
Total liabilities 7,993 11,683 46%
Equity 3,884 3,906 1%
Book value / share (Bt.) 3.82 3.30
Book value / share - fully diluted 2.88 2.89
Gross gearing ratio 0.50 0.53
Debt to Equity ratio 2.06 2.99
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THBmRemaining contract value (as of Dec.05) 28,581 Value of contract signed Y-T-D 10,200 Total 38,781 Deduct Value of contract realized in 6M-06 (6,565)Remaining order book 32,216
Backlog at year end
11,480
28,58126,507
5,813
-10,00020,00030,00040,000
2002 2003 2004 2005
Backlog at year end
Backlog Orders
Note : Company only Update as of 17 Aug. 06
THBm
ORDER BOOK
Newly-Signed Contracts (2006) (THBm)• RPCL Gas Pipeline, RATCH 506• Drainage&Pumping System-SBIA, RID 2,656• Build.A, Gov. Center, Dhanarak 3,173• Car Park B and Convention Hall, Dhanarak 1,738• Utilities, Gov. Center, Dhanarak 1,028• SBIA-Chonburi Lot5, DoH 525
Active Major Projects (THBm)• SBIA Rail Link & City Air Terminal, SRT 12,260• Ratchaburi Power Plant (2x700 MW) 4,341• Kaeng Khoi 2 (1,520MW), Gulf 2,544• South Bkk. Power Plant, EGAT 2,300• BMA Building Phase3, BMA 2,271• Songkla Power Plant, Marubeni 1,760• Administrative Court, Dhanarak Dev. 1,694• Pak Kret Bridge, DORR 1,572•The Park at Chidlom, Hemaraj 1,341
To be signed contracts (THBm)•South Interchange of SBIA, ETA 1,983•ATC-2, Build. Complex, SKEC&GS 502•TOP CDU-3 Revamp, Civil, ABB Process 133
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Infrastructure45%
Energy25%
Building27%
Industrial1%
Environment2%
Government21%
Private21%
State Ent.58%
Infrastructure41%
Industrial6%Environment
0%
Building40%
Energy13%
Private30%
State Ent.40%
Government30%
Backlog
Note: Backlog as at July 2006
Revenue and Backlog Structure
Revenue Breakdown by Client Revenue Breakdown by Type of Work
2005 2005
Note: Actual revenues in 2005 Note: Actual revenues in 2005
Note: Backlog as at July 2006
Backlog
... Thank You ...... Thank You ...
Sino-Thai Engineering & ConstructionSino-Thai Engineering & Construction
Public Company LimitedPublic Company Limited