Opportunity Day 2017.09 -...
Transcript of Opportunity Day 2017.09 -...
CORPORATE OVERVIEWName : Project Planning Service Public Company Limited (“PPS”)
Services : PPS provides engineering and architectural services as a project management and construction management for both private and public sectors; real estate, healthcare, education, hospitality, industrial estate, office, retail, public infrastructure and renovation.
Vision : PPS aims to be the leader in consulting business and related businesses in AEC via good governance with continuous upgrading standards by innovation toensure sustainable business practice.
Motto : “TRUSTWORTHY Project Manager”
Core value : Trustworthy, Professional, and High standard
CORPORATE OVERVIEW
PPS - PROJECT PLANNING SERVICE PUBLIC COMPANY LIMITED
CG SCORE
Anti-corruption Progress Indicator Level 4 : Certified
Price (Bath) 1.85
Listed Shares 741,824,619
Market Cap (MB) 1,379.79
52 week high/low 2.08/0.57
Major Shareholders (%) THARACHAI FAMILY = 43.21
Shares in Minor Shareholders (%Free float) 48.84
First-day trade (mai) 26 Sep 2012
as of Sep 19, 2017
PPSPPS serves a wide variety of clients includes real estate, healthcare, education, hospitality, industrial, office, retail and public infrastructure.
With more than 300 staffs including engineers, architects and other construction professional, PPS group is committed to ensure that our clients succeed in their development.
PPS provides comprehensive services on all aspects of project management from initial conception to completion of the project including continuation of services and maintenance tasks. Currently, PPS project management services include:
• Project Planning / Scheduling• Project Feasibility Study• Financial Planning• Design Management• Quantity Survey• Design Review• Project Budgeting• Value Engineering• Engineering Design• Green and Sustainable Design• Engineering Procurement and Construction• Retrofit Design, Rehabilitation of existing structures and civil works
• Construction Management• Construction Supervision• Project Cost Control• Claim Management• Project Close-Out• Occupancy Planning• Post-Construction Services• Facility Management• Architectural Design• Precast Design• Wind Engineering Design• Earthquake performance evaluation
Customers
GovernmentPrivate
Residential Office Retail Port Airport
Hospitality Healthcare Transportation Utility
Private Sector OFFICE BUILDING
Bangkok Bank Silom Head OfficeBAIYOK II SKY TOWER
JEWELRY TRADE CENTER
NOVOTEL BANK OF AYUDHAYA HEAD OFFICE BANK OF THAILAND
TERMINAL 21 SUNTOWER U PLACE HEAD OFFICETHAIRATH
Private Sector RESIDENTIAL
THE PARKGAND CHINA HOTEL L&H SUKUMVIT URBABA SATHON
RHYTHM 36-36 RHYTHM 42 ASPIRE WUTTAKARD I-CONDO KASET
BANGKOK MIDTOWN
THE RENAISSANCE HOTEL, PHUKET
WEST SANDS, PHUKET
PHUKET ARCADIA NAITHON BEACH
GRAND HYATT ERAWAN HOTEL BANYAN TREE RESORT & SPA, KOH SAMUI
Private Sector RETAIL
TESCO LOTUS MAKRO CENTRAL WORLD PLAZA CENTRAL CHANGWATTANA
CENTRALWESTGATECENTRAL RAMA 9MEGA BANGNAPLATINUM FASHION MALL
GAYSORN COMPLEX THE STREET RATCHADA HOMEPRO RAMA 9 CENTRAL EMBASSY
Private SectorHEALTH CARE
NAKORNTHON HOSPITAL BANGPO HOSPITAL SIRINDHORN HOSPITAL
OTHER
NE-O FACTORY THANA CITY GOLF AND COUNTRY CLUB
PHRABUDTHAMETTA, WAT TIP SUKHONTHARAM WAT TRAIMIT
INTERNATIONAL AFFAIR
HONGSA ACCOMMODATION AND RESIDENTIAL AREA (LAOS)
CENTRAL PLAZA I-CITY (MALAYSIA)
VIENTIANE HOSPITAL(LAOS)
Projects recently completed in 2016
(ICE) of Sri Rat-Outer Ring Road Expressway
Central Westgate Home Pro Rama IX
MakroTesco Lotus
Projects recently completed in 2017
Central Marina (Pattaya) Central Festival Chiangmai Aspire Wuttakat
Bangkok Midtown Makro Sirimankarajan Tesco Lotus Nangrong Tesco Lotus Pakchong
PPS DesignScope of Services• Project conceptual design and detailed design,• Master plan development,• Preliminary design and Cost estimation,• Feasibility assessment,• Integrated Architectural and Engineering design,• Green and Sustainable design,• Sustainable building design, Low rise, High rise• Factory design, Warehouse, • Infrastructure design, Flyovers, Bridges, Civil works• Precast design,• Earthquake performance evaluation,• Wind engineering design,• Design with Building Information Management• Retrofit design, Rehabilitation of existing structures and civil works,• Underpinning of existing foundations
PPQA Joint-Venture that has been set up for providing construction management service
of the new Supervise construction project of the Supreme Court Building, the project of the Office of the Judiciary
PICScope of Services IT SolutionWeb Design And HostingWebsite Solutions Ecommerce Web Design Application Hosting Computer IT, Networking
Media ProductionFilm and Video ProductionCompany OverviewFeature Films / Movie Trailers TV Commercials / Short Films Documentary / Music Videos TV Programs / Video Presentations
Concert / Event / LiveShow
IT Solution
Media Production
Web Design Application
Project Presentation Event , Concert
ENSEMBLE EQUITYRegistered as a company in Singapore
Business type : Investment Holding Company / General Building Engineering Services
Benefit to Company : Expansion of revenue and services and supporting the PPS business such as
IM technology, IT technology, Energy and ERP
Investment Highlight
• Highest registered capital company compared to others competitive in the same business.
• The only one company in the kind of business that registered in the Stock Exchange of Thailand
• 5-star CG awarded company certified “Collective Action Coalition Against Corruption” (CAC)
• Trend of public sector projects
• Recovery of private sector
The most established and sustainable in the industry
• Innovation in progress• Own international standard
training center accepted by the Council of Engineer
• Offering full ranges of consultancy service in construction industry
Business GrowthConstruction is the
growing sectorFocus on innovation and differentiation
• Had a strong financial position with very low Debt-to-Equity ratio
Strong financial statement
• Had a strong relationship with partners
• Had growth opportunity in similar business.
Strong business partners and alliance
Financial Performance
64.66 94.87
32.78%37.13%
0%
5%
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15%
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25%
30%
35%
40%
0.0020.0040.0060.0080.00
100.00120.00140.00160.00180.00200.00
Q22016 Q22017
(MB)
Revenue Gross Profit Margin
124.10 188.01
30.58%33.93%
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30%
35%
40%
0.0020.0040.0060.0080.00
100.00120.00140.00160.00180.00200.00
1H 2016 1H 2017
(MB)
Revenue Gross Profit Margin
Revenue +46.72% Revenue +51.49%
Financial Performance
59.44 64.66 74.76 108.07 93.14 94.87
28.19%32.78% 34.23% 34.38%
30.67%
37.13%
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45%
50%
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Q12016 Q22016 Q32016 Q42016 Q12017 Q22017
Revenue (MB)
Revenue Gross Profit Margin
Financial Performance
291.10 263.65 234.22 306.92 188.01
31.13% 32.41%
26.36%
32.81% 33.93%
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Y2013 Y2014 Y2015 Y2016 1H2017
Revenue (MB)
Revenue Gross Profit Margin
1H2017
PPS Group Revenue -- Breakdown by Sector (MB)
PPS 82.05
PPSD 9.85PIC 2.97
PPS
PPSD
PICQ2 2017
PPS 63.41
PPSD1.11 PIC 0.14
PPS
PPSD
PICQ2 2016
PPS Group Revenue -- Breakdown by Sector (MB)
PPS 169.10
PPSD 15.91PIC 3.00
PPS
PPSD
PIC1H 2017
PPS 119.87
PPSD4.04
PIC 0.19
PPS
PPSD
PIC1H 2016
PPS Group Revenue -- Breakdown by Service (MB)
Type of Revenue 1H2016 1H2017 Y2015 Y20161. Revenue from Services 124.10 188.01 234.22 306.921) Office Buildings 11.28 11.44 22.73 24.722) Retail Areas 33.44 46.47 69.10 93.703) Residential Buildings 40.73 51.39 61.73 85.274) Infrastructures 5.80 41.50 19.14 42.625) Others 32.85 37.21 61.52 60.62
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2015 2016 1H 2017
(MB)
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1H 2016 1H 2017
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Other
Infrastructures
Residential Buildings
Retail Areas
Office Buildings
1H2017 1H2017
PPS Group Revenue -- Breakdown by Customer Group
Private 83.67%
Government14.22%
AEC 2.11%
Private
Government
AEC
1H 2016
Private 71.65%
Government28.15%
AEC 0.20%
Private
Government
AEC
1H 2017
Financial Performance (MB)
43.47
59.64
22.03 14.12
67.23% 62.86%
34.07%
14.88%
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0.0010.0020.0030.0040.0050.0060.0070.0080.0090.00
100.00
Q2 2016 Q2 2017
COS , Operating Expense (MB)
COS Opex COS as % of Revenue Opex as % of Revenue
MB
86.15
124.21
36.67 27.39
69.42% 66.06%
29.37%
14.57%
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120.00
140.00
1H 2016 1H 2017
COS , Operating Expense (MB)
COS Opex COS as % of Revenue Opex as % of Revenue
MB
Financial Performance (MB)
42.68 43.47 49.17
70.9264.57 59.64
14.64 22.03 15.42 19.5 13.26 14.12
71.81% 67.23% 65.77% 65.62% 69.32%62.86%
24.63%34.07%
20.63% 18.04% 14.23%14.88%
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0.0010.0020.0030.0040.0050.0060.0070.0080.0090.00
100.00
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
COS , Operating Expense (MB)
COS Opex COS as % of Revenue Opex as % of Revenue
MB
Financial Performance (MB)
198.12178.20 172.48
206.24
124.21
68.64 66.20 61.05 71.59 27.39
68.06% 67.59%73.64%
67.20% 66.06%
23.58% 24.68% 26.55% 23.32%14.57%
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Y2013 Y2014 Y2015 Y2016 1H 2017
COS , Operating Expense (MB)
COS Opex COS as % of Revenue Opex as % of Revenue
MB
1H2017
Financial Performance
1.86 19.542.68%
20.30%
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40.00
Q2 2016 Q2 2017
Net Profit Net Profit Margin
MB%
6.56 33.68
4.95%
17.70%
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20.00
30.00
40.00
1H 2016 1H 2017
Net Profit Net Profit Margin
MB%
NP Margin +947.81% NP Margin +413.45 %
Financial Performance
19.33 17.72 3.39 32.18 33.68
6.58% 6.64%
1.42%
10.07%
17.70%
0%2%4%6%8%10%12%14%16%18%20%
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Y2013 Y2014 Y2015 Y2016 1H 2017
Net Profit (MB) Net Profit Margin
Net Profit Net Profit Margin
MB%
1H2017
Statement of Financial Position
222.44 233.68 217.93
291.64
370.53
44.37 54.04 44.8874.66 78.06
178.07 179.64 173.05216.98
292.47
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Y2013 Y2014 Y2015 Y2016 1H 2017
Asset Liability Equity
MB
0.250.30
0.26
0.35
0.27
D/E Ratio
D/E Ratio
1H2017
4.24%
13.30%
2.57%
16.32%
0.00%5.00%
10.00%15.00%20.00%25.00%30.00%
1H2016 1H2017 2015 2016
Ratios
3.68%
14.23%
1.92%
16.50%
0.00%
5.00%
10.00%
15.00%
20.00%
1H2016 1H2017 2015 2016
ROA ROE
Backlog as of Aug 31th, 2017
StatusContract
value (MB)2017 2018 2019
Signed contract project value 461 126 254 81
No contract signed yet but likely expected to get job 37
Backlog of Subsidiary Companies
StatusContract value
(MB)2017 2018
Signed contract Project value 87.5 60 27.5
No contract signed yet but likely expected to get job 124.5
New projects
Tesco Lotus Bangbuathong Tesco Lotus Head Office Carpark Tesco Lotus Supanburi
Tesco Lotus Phichit Tesco Lotus Ubon Ratchathani
Current projects
PM CU Memorial Hospital Central Embassy Thairath 17
Bangkok ResidenceHua-Hin House Sukhothai House
Vision Industry Overview in FuturePublic Sector
• Infrastructure Projects based on government spending
Private Sector• Office buildings
• Hospitality projects
• Retails
• Data Centers
Our Business Plan in 2018• Finding New Business Opportunities : such as facility management and post
construction project management services.
FACILITY MANAGEMENT PROJECTNew Subsidiary Companies
DEVELOPER FOR FEE PROJECTNew Subsidiary Companies
Our Business Plan in 2018• The expansion in government - private sector
• Design Project : increasing revenue from large-scale project of PPSD and SWAN (Thailand)
• Developing In-house information technology for including knowledge management and using IT for building the competitiveness.
PPS Innovation Timeline
Include all database to single sign onConstruction cost index (Project Bluebook)
FUTURE
MYPPS
MYPPS
2003 2014 2015 2016 2017
PROJECT LIVE REPORT
No. ProjectTimes
Defect NCR SIR Memo Letter SiteWalk Meeting Total
1 New Makro Chiangmai 340 3402 Magnolias Waterfront Residences (C1) 320 3203 Tesco Lotus Wangnamyen 184 1844 Central Center Pattaya (Renovation 2016) 56 15 1 725 TESCO Lotus Store Improvement Sukhumvit 50 52 526 Renovate Lotus Extra Ubonratchathani 42 427 SW_CT_CWN_FL6 38 389 THE SUPREME COURT 26 1 3 4 348 RHYTHM Sukhumvit 42 30 309 Inet Data Center, Saraburi [INET-IDC3] 16 5 1 2 2410 The Bangkok Residences : Holiday Inn Express Soi Soonvijai 20 2 22
สถิติการสร้างข้อมลูประจ าเดือนกรกฎาคมโดยโครงการ/หน่วยงาน
AWARDS & HONORS ส ำนักงำนคณะกรรมกำรก ำกับหลักทรัพย์และตลำดหลักทรัพย์
ระดับ 4:ได้รับการรับรอง (Certified)PPS = Certified company
ทีม่า www.cgthailand.org
Anti-corruption Progress Indicator
AWARDS & HONORS• ประเมินโดย Thailand’s private sector Collective Action Coalition against corruption
AWARDS & HONORS• Total Innovation Management Award 2016
“Total Innovation Management Award 2016 in Thai Listed Firms Innovation project”from The Stock Exchange of Thailand, Market for Alternative Investment (mai),
The National Innovation Agency (NIA) and The College of Management, Mahidol University
AWARDS & HONORS
• EIT-CSR Awards 2016
EIT-CSR Awards 2016 from Mr. Wissanu Krea-ngam,Deputy Prime Minister which is organized by The Engineering Institute of Thailand Under H.M. The King’s Patronage (EIT)