september 17, 2019...q2 55 61 31 16 31 45 q3 47 32 42 5 55 q4 51 47 53 24 60 year end 196 202 172...

Business Summary

September 17, 2019

2Company Financial Industry Outlook

Outline

Company Industry OutlookFinancial


We build foundation!!

Bored Pile

Barrette Pile

Diaphragm Wall

Soil Improvement


We build foundation!!


For foundation of buildings, bridges, factories, roads, etc.

0.5 – 2.0 m. x Depth up to 100 m.

Bored Pile/ Barrette Pile


Diaphragm Wall

For soil retaining system and permanent wall of deep basement, underpass tunnel, subway station, etc.


Jet Grouting

For soil improvement both stability and strength : road works, airport runway, slope protection, dam, etc.


Airport Rail Link Bored Piles

We Build Impression!

ShowDCBored Piles

Landmark WaterfrontBored Piles / Jet

Grouting

The ICONSIAMBored Piles / Jet Grouting

The One ResidenceBored Piles

EGAT Car park & HQBored Piles / Constructions

Samyarn MitrtownBored Piles / D‐Wall

MRT Yellow LineBored Piles / Barette Pile



TC Green I/IIBored Piles

Siam Square OneBored Piles

Klong SuvarnabhumiJet Grouting

IKEA WestgateBored Piles

AIA ‐ CMCBored Piles

Central WestgateBored Piles

Wimutti Hospital Bored Piles/Barrette Piles/

D‐Wall

One9Five Rama9Bored Piles



Thai National AssemblyBored Piles

BMA BuildingBored Piles

Circle Living PrototypeBored Piles

South InterchangeBored Piles

Equinox Phahol‐VibhaBored Piles

StarviewBored Piles

Metro Avenue Bored Piles

Le Luk Condo (A+B)Bored Piles


AP Groups


Life AsokeBored Piles

LPN Development

Life on wirelessBored Piles

Aspire ErawanBored Piles

Life Asoke‐Rama9Bored Piles

Lumpini Park Rama9Bored Piles

L.P.N. Ville Nakorn InBored Piles

L.P.N. Beach JomtienBored Piles

L.P.N. Phetkasem 98Bored Piles


Pruksa Real Estate


Privacy Rama9Bored Piles

Ananda Development

Chapter One Bored Piles

Tree InterchangeBored Piles

Plum Condo Ph.1‐2Bored Piles

Buddha PortBored Piles

Asthon Residence 41Bored Piles

IDEO Q ChidlomBored Piles

IDEO Mobi Rama 9Bored Piles


Narai Property


Parkland Ratchada‐WongsawangBored Piles

Major Development

Parkland Phetkasem‐Taphra

Bored Piles

Parkland Phetkasem56Bored Piles

Parkland CharanBored Piles

Muniq SK23Bored Piles

Metris LadpraoBored Piles

Maestro07Bored Piles

Maestro19Bored Piles


Share Capital Information

Price (B) 5.45

52 weeks High/Low (B) 7.90/5.30

No. of shares (MS) 749.88

Market cap (MB) 4,086.81

Major shareholdersAs of Aug 27, 2018

1. Sangarayakul Family (51.50%)2. Thai NVDR (3.64%)

Free float (%)As of Mar 18, 2019

42.50%

First‐day trade (mai) Dec 23, 2005

First‐day trade (SET) Aug 06, 2015

as of Sep 12, 2019


Executives

Dr. Chanet Sangarayakul PresidentAge : 44

Education : Doctor of Engineering (structure),

Asian Institute of Technology Master of Engineering (structure),

Asian Institute of Technology Bachelor of Engineering (civil),

Chulalongkorn University

Mr. Pisun SirisuksakulchaiSenior Executive Vice PresidentAge : 44

Education : Master of Art in Business Law, Chulalongkorn

University Master of Business Administration(MBA),

Rockhurst University (USA) Master of Science (Construction

Management), University of Wisconsin‐Madison (USA)

Bachelor of Engineering (civil), Chulalongkorn University

Mr. Bordin Sangarayakul Senior Executive Vice PresidentAge : 43

Education : Master of Science (Construction

Engineering and Management), Virginia Tech (USA)

Bachelor of Engineering (civil), Chulalongkorn University

Mr. Somsak ViriyapipatSenior Executive Vice PresidentAge : 59

Education : Bachelor of Engineering (mechanic),

King Mongkut’s Institute of Technology North Bangkok


95

220 289

520

379

726

597 631

948

1,096

1,303 1,380

1,237

1,077

721

1,445

1 18

36 18 11

58

21 32

76 64

159

196 202

172

101

218

0

50

100

150

200

250

300

350

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Revenues Net Profits

Revenues (MB) Net Profits (MB)

Performance Timeline

founded in 2002 Listed in mai

Listed in SET


Outline

Financial Industry OutlookCompany


Profitability

Performance

Financial Highlights : Q2/2019

GPM 26.8%NPM 16.2%ROA 25.2%ROE 27.4%

Revenue 272.4 MBGross Profit 73.0 MBNet Profit 44.7 MB

Leverage

Debt to Equity Ratio 0.35

Liquidity

Current Ratio 2.76

Cash and Cash equivalent248 MB


2014 2015 2016 2017 2018 2019Q1 339 329 251 256 395 415Q2 338 381 256 169 239 276Q3 324 256 293 108 419Q4 379 271 278 188 392Year End 1,380 1,237 1,077 721 1,445%G.P. 22.3% 25.1% 24.4% 23.4% 23.6% 27.0%%N.P. 14.2% 16.3% 16.0% 14.0% 15.1% 18.1%

339 329251 256

395 415338

381

256169

239 276324

256293

108

419379

271 278188

392

1,380 1,237

1,077

721

1,445

22.3%25.1% 24.4% 23.4% 23.6%

27.0%

14.2%16.3% 16.0% 14.0% 15.1%

18.1%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

0

250

500

750

1,000

1,250

1,500

1,750R

even

ue (

Mill

ion

Bah

t)Q1 Q2 Q3 Q4 Year End %G.P. %N.P.

Revenue & Profit : Consolidated


2014 2015 2016 2017 2018 Q2,2019L&M 1,062 1,014 819 353 1,012 341L 317 223 259 368 434 345Total 1,380 1,237 1,077 721 1,445 686

1,062 1,014

819

353

1,012

341 317 223 259

368 434

345

1,380

1,237

1,077

721

1,445

686

0

250

500

750

1,000

1,250

1,500

1,750R

even

ue (

Mill

ion

Bah

t)L&M L Total

Types of Revenue

(77:23)

*Remark : Numbers in parentheses show the percentage of L&M : L

(82:18) (76:24) (49:51) (70:30) (50:50)

(Labor&Material) (Labor only)

*


2014 2015 2016 2017 2018 2019Q1 16 18 17 16 19 22Q2 19 18 17 18 20 22Q3 15 18 18 18 19Q4 23 24 18 18 21Year End 72 79 70 70 79%S&A 5.2% 6.4% 6.5% 9.8% 5.5% 6.4%

16 18 17 16 19 2219 18 17 18 20 2215 18 18 18 1923 24

18 18 21

72 7970 70

79

5.2%6.4% 6.5%

9.8%

5.5%6.4%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

0

25

50

75

100

125

150

175

200

225

250S&

A E

xpen

se (

Mill

ion

Bah

t)Q1 Q2 Q3 Q4 Year End %S&A

S&A Expense : Consolidated


2014 2015 2016 2017 2018 2019Q1 43 61 47 56 71 81Q2 55 61 31 16 31 45Q3 47 32 42 5 55Q4 51 47 53 24 60Year End 196 202 172 101 218%N.P. 14.2% 16.3% 16.0% 14.0% 15.1% 18.1%

43

61

4756

7181

5561

31

16

31

4547

3242

5

5551 47 53

24

60

196 202

172

101

218

14.2%16.3% 16.0%

14.0%15.1%

18.1%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

0

25

50

75

100

125

150

175

200

225

250N

et P

rofi

t (M

illio

n B

aht)

Q1 Q2 Q3 Q4 Year End %N.P.

Net Profit : Consolidated


2014 2015 2016 2017 2018 Q2,2019Assets 1,266 1,164 1,016 924 1,244 1,233Liabilities 382 253 225 166 377 316Equity 884 911 791 758 867 917D/E Ratio 0.43 0.28 0.28 0.22 0.44 0.35Current Ratio 2.72 3.64 3.03 2.81 2.14 2.76

1,266

1,164 1,016 924

1,244 1,233

382

253 225 166

377 316

884 911

791 758

867 917

0.43

0.28 0.28 0.220.44 0.35

2.72

3.64

3.032.81

2.14

2.76

-3.00

-2.00

-1.00

0.00

1.00

2.00

3.00

4.00

5.00

0

250

500

750

1,000

1,250

1,500

1,750

2,000A

mou

nt (

Mill

ion

Bah

t)Assets Liabilities Equity D/E Ratio Current Ratio

Balance sheet : Consolidated


2012 2013 2014 2015 2016 2017 2018Net Profits(company) 78 155 184 208 160 59 245

Dividends 56 83 181 199 169 75 165%Dividends

(policy) 40% 40% 40% 40% 40% 40% 40%

%Dividends(actual)** 72% 54% 98% 95% 105% 127% 67%

78

155184

208

160

59

245

5683

181199

169

75

16572% 54% 98% 95%

105%

127%67%

-200.0%

0.0%

200.0%

400.0%

600.0%

800.0%

1000.0%

0

50

100

150

200

250

300

350

400

450

500

550D

ivid

ends

(M

illio

n B

aht)

Net Profits(company)

Dividends %Dividends(policy)

%Dividends(actual)**

Dividends vs Net Profits (company)

Dividend* XD Record date Payment Date

Dividend per Share (Baht)

Interim Dividend Payment 24-27 Aug 2018 27 Aug 2018 7 Sep 2018 0.12

Annual Dividend Payment 18 Mar 2019 18 Mar 2019 22 May 2019 0.10

*source of dividend : company net profit & retained earnings **compared with company net profit


Outline

IndustryFinancial OutlookCompany


Action Plan 2016 - 2019

Action Plan 2016 - 2018 Action Plan 2019

29 projects with total 1,719,983.50 million baht

Remark : Ministry of Transport

12 projects with total 58,229.88 million baht


Outline

OutlookIndustryFinancialCompany


Current Work on Hand 1,564.0 MB

Company Backlog : Sep 16, 2019

32.7 , 2.1%

1,349.3 , 86.3%

182.0 , 11.6%

Million baht

Government sector(Labor only)

Private sector(Labor and Material)

Private sector(Labor only)


Digital Contractor

Pylon’s mobile application

Pylon’s copyrights Unique design and development

application Adjustable and high flexibility to

customize and improve Work with Pylon’s ERP system

To increase efficiency and quality

To increase customer satisfaction


Digital Contractor

To increase efficiency and quality

Collect data• Data

centralization• Paperless• Real-time

key in• Reporting

Process and Quality Control• Standardization• Identify the key

check-points• Approval

process

Productivity and Budget Control• Work progress• Material

control• Machine

utilization

Problem solving • Real-time

detection of problems

• Troubleshooting promptly

• Real-time tracking


Operation

Digital Contractor

Process and Quality Control

Collect data

Productivity and Budget

ControlProblem solving

Financial & Accounting

Machine and Equipment

Procurement

Human Resource

Project Management

ERP System

Data Analysis

Quality and Efficiency

Improvem

ent

Quality and Efficiency

Improvem

ent

Provide real-time

response to Customers


Industry outlook: benefit from Government Projects in the long run

Continue making excellent net profitsKeep high dividends payment (not less than 40% of net profits)

Maintain strong financial status (low debts and high Liquidity)

Show strong and sustainable growth

Company Highlights


Summary

Promising Industry Prospects

Reputable Foundation

Professionals

Strong Financial Position

Experienced Team

•Government’s mega projects•Few competitors•Low debts level•Low risk for material price volatility

•Low D/E Ratio•Continuing revenue growth•Acceptable profit margin•Promising dividends payment ratio of 40%

•Reputation for Quality and Efficiency•Well-equipped machinery•One of the top foundation company in Thailand

•Committed management team•Highly regarded and experienced team of engineers •Relationship between Company and Customers

Transforming to Digital Company

september 17, 2019...q2 55 61 31 16 31 45 q3 47 32 42 5 55 q4 51 47 53 24 60 year end 196 202 172...

Documents