EASTW : Opp day Sep 4, 2012
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East Water Performance 2Q2012 - In the second quarter of 2012, East Water saw increased revenue and net profit compared to the same period last year, driven by higher sales volumes of raw and tap water. However, European economic issues may negatively impact exports and industrial demand in Eastern Thailand. - Raw water sales make up the majority of East Water's business. Several new potential customers in industrial estates could drive further sales growth in the future. East Water also plans to invest in new water supply projects and explore opportunities in related industries like desalination. - Several major reservoirs supplying East Water are currently at lower than normal water levels which may threaten supply and increase costs if drought conditions persist into 2013. East Water is monitoring
EASTW : Opp day Sep 4, 2012
- 1. East Water Performance 2Q2012 Eastern Water Resources Development and Management Public Company Limited
- 2. Agenda • 2H2012 Outlook • 1H2012 Performance • Water Situation • Project Update Eastern Water Resources Development and Management Public Company Limited 2
- 3. 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 Eastern Water Resources Development and Management Public Company Limited 3
- 4. 2H2012 Outlook Growth of Industrial Estate in Eastern Seaboard Total Investment – Promotion Certified issued by BOI Billion Baht 450 408.8 54.3% 400 350 134.6 +70.4% 300 265 250 Zone3 79 200 Zone2 208.5 Zone1 150 100 155.7 +33.9% 50 30.3 65.7 +116.8% 0 H1/2011 H2/2012 Note: Chemical/Plastic/Paper **Zone 1: Bangkok/Nakornpathom/ Pathumthani / Samutsakorn / Sumutprakarn Industry grew by 44% (YOY) Zone 2: Rayong / Chachoengsao/ Chonburi/ Ratchaburi/ Phuket/Others Zone 3: 58 Remaining Provinces *Source of Information: Thailand Board of Investment: BOI Eastern Water Resources Development and Management Public Company Limited 4
- 5. 2H2012 Outlook Sale volume growth 8-9% (YoY %) Potential Customer Customers Expected Volume Year Per 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 New Business (Under Study) • Diversification to Utilities/Infrastructure Company • Desalination Eastern Water Resources Development and Management Public Company Limited 5
- 6. 2H2012 Outlook CAPEX 2012-2014 Amount Year Description (MB) 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 **CAPEX for Bangpra project have been used in 2011 in amount of 164 million Baht Eastern Water Resources Development and Management Public Company Limited 6
- 7. สระสำรองนำ้ 2H2012 Outlookิ ดิบฉะเชงเทรำ แม่นำบำงปะกง ้ Raw Water Investment :Water Supply Sourcing Bangpakong river Water Supply Sourcing Supply Investment Projects (MCM) (MB) Siam Current Projects Sam Nuk Bok 1.Bangpra pumping Station 18.0 850 2.Tapma 55.0 2,735 Total 73.0 3,585 Bangpra Klongyai Prasae Current pipeline Pipeline on the Construction Dok Krai NPL RID Pipeline (Completed) RID Pipeline (On the construction) Tapma แม่นำระยอง ้ Eastern Water Resources Development and Management Public Company Limited 7
- 8. Agenda • 2H2012 Outlook • 1H2012 Performance • Water Situation • Project Update Eastern Water Resources Development and Management Public Company Limited 8
- 9. 1H2012 Performance Financial Summary: 10 Yrs Revenue VS Net Profit 3,500 3,310 3,107 2,878 3,000 2,430 2,502 2,401 2,500 2,094 1,899 2,000 1,856 MB. 1,416 Revenue 1,500 1,159 1,008 Net Profit 1,000 808 867 500 508 571 704 441 441 500 348 340 0 *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 Eastern Water Resources Development and Management Public Company Limited 9
- 10. 1H2012 Performance Financial Summary: Product Mix Others 3% EASTW’s Total Revenue Breakdown Tap by Line of Business Water 27% Raw * As of June 31, 2012 (6M) Water Total Revenue*= 1,855.81 MB 70% Raw Water Tap Water Raw Water Breakdown by Tap Water Breakdown by Contracts Customers General Factories Others Rayong 7% IEAT 22% 21% Private 37% Estates Chonburi 25% 9% Sattahip 20% Domestic Chacoen Bangpak 32% gsao ong 15% 13% Raw Water Revenue*= 1,296.14 MB Tap Water Revenue*= 500.03 MB Eastern Water Resources Development and Management Public Company Limited * As of June 31, 2012 (1H) 10
- 11. 1H2012 Performance Financial Summary: Sale Volume; Raw and Tap Water Raw water Volume 80 141 139.83 69.39 70.44 140 70 65.72 65.72 63.56 66.51 139 60 1.51% q-o-q 138 137 50 136 7.18% y-o-y 135 40 134 133 30 132 131.44 20 131 130 10 129 128 0 127 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 H1/11 H1/12 Tap water Volume 20 34 33.52 16.32 16.36 17.16 15.16 15.43 15.76 4.89% q-o-q 33 15 11.21% y-o-y 32 10 31 30.59 5 30 0 29 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 H1/11 H1/12 Eastern Water Resources Development and Management Public Company Limited 11
- 12. 1H2012 Performance Raw Water & Tap Water Tariff (Bt/ cu.m) 14 13 12.28 12.31 12.42 12.45 12.07 12.18 12 11 10.03 Raw Water 10 9.55 9.11 9.11 9.10 9.11 Tap Water 9 8 7 Q1 Q2 Q3 Q4 Q1 Q2 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Eastern Water Resources Development and Management Public Company Limited 12
- 13. 1H2012 Performance Cost Structure Raw Water Tap Water Others Raw Water Others 12% 22% Chemical 11% 5% Others Raw Water Others Raw Water 13% Raw Water 34% 16% 18% Chemical Depreciation 29% 2011 Depreciation 5% 2011 25% Depreciation 14% Depreciation 29% 2012 16% Staff Electricity 37% Electricity 10% 27% Staff 2012 Electricity Electricity 9% 41% 27% Cost Structure: Consolidated 80% 60% 13% 2% 11% Tax 12% 2% 40% 11% Interest SG&A 20% 42% 37% COGS 0% Q2/2011 Q2/2012 Eastern Water Resources Development and Management Public Company Limited 13
- 14. 1H2012 Performance Financial Summary: Revenue and Net Profit MB 1200 Revenue (MB) 964 1000 1856 892 800 8.1% q-o-q 1653 820 832 817 841 15.9% y-o-y 600 H1/11 H1/12 400 Net Profit (MB) 324 379 704 493 200 274 17% q-o-q 236 257 242 47.5% y-o-y 0 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 H1/11 H1/12 Eastern Water Resources Development and Management Public Company Limited 14
- 15. 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 Eastern Water Resources Development and Management Public Company Limited 15
- 16. 1H2012 Performance Financial Summary : Balance Sheet as of June 30, 2012 Jun,30 2012 Asset : 11,291.98 MB Liability : 4,153.13 MB Equity : 7,138.85 MB Dec,31 2011 Asset : 10,774.24 MB Liability : 3,838.04 MB Equity : 6,936.20 MB 4.81% 8.21% 2.92% Eastern Water Resources Development and Management Public Company Limited 16
- 17. 1H2012 Performance Financial Summary: Dividend Policy EPS VS DPS 0.70 0.61 0.60 0.52 0.48 0.50 TH B/share 0.40 0.34 0.42 0.42 EPS 0.30 0.38 0.35 DPS 0.20 0.25 0.20 0.10 0.00 Dividend Payout 2008 2009 2010 2011 2012(6M) 72.87% 73.02% 75% 72.18% 69.40% 70% 65% 60% 55% 50% 47.62% 45% 2008 2009 2010 2011 2012(6M) *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 Eastern Water Resources Development and Management Public Company Limited 17
- 18. Agenda • 2H2012 Outlook • 1H2012 Performance • Water Situation • Project Update Eastern Water Resources Development and Management Public Company Limited 18
- 19. Water Situation Water Supply in Major Reservoirs as of Aug 31, 2012 120 117.0 180 163.75 80 71.4 100 160 70 248.0 40.1 80 62.39 21.4 60 140 45 24 120 40 240 50 69.49 35 60 20 100 220 40 30 29.19 16 23.59 80 25 200 40 12 30 180 60 20 4.36 125.48 8 20 40 15 160 20 20% 10 140 53% 4 10 33% 20 42% 5 73% 0 0 120 อ่ างฯหนองค้ อ 0 0 0 อ่ างฯบางพระ Nongkor อ่ างฯคลองใหญ่ 100 Bangpra อ่ างฯดอกกราย Dok Krai อ่ างฯหนองปลาไหล Klong-Yai NPL 80 60 40 20 51% 0 อ่ Prasae างฯประแสร์ Chonburi Rayong Eastern Water Resources Development and Management Public Company Limited 19
- 20. Water Situation Water Situation : Dok Krai, Nong Pla Lai, Klong Yai Dok Krai, Nong Pla Lai & Klong Yai Reservoir Total Water Storage of Dok Krai, Nong Pla Lai & Klong Yai Reservior Maximum Storage 275.25 million m3 2012 Highest 2006-2012 Average 2006-2012 (Million m3) 2004 Aug 31, 2012 2005 122.27 million m3 (44.4%) Lowest 2006-2012 Minimum Storage 19.5 million m3 Dead Storage 9.5 million m3 Eastern Water Resources Development and Management Public Company Limited Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 20
- 21. Water Situation Water Situation : Bang Pra & Nong Kho Bang Pra & Nong Kho Reservoir Maximum Storage 138.40 million m3 2012 Total Water Storage of Bang Pra & Nong Kho Reservior Aug 31, 2012 66.75 million m3 (48.2%) Highest 2006-2012 (Million m3) Average 2006-2012 2005 Lowest 2006-2012 Minimum Storage 13.05 million m3 Eastern Water Resources Development and Management Public Company Limited Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.21
- 22. Water Situation Water Situation : Prasae Prasae Reservoir Total Water Storage of Bang Pra & Nong Kho Reservior Maximum Storage 248.0 million m3 2006 2009 2011 2012 (Million m3) 2005 Aug 31, 2012 Lowest 2006-2012 125.48 million m3 (50.6%) Minimum Storage 20.0 million m3 Eastern Water Resources Development and Management Public Company Limited Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.22
- 23. Water Situation Demand Forecast: Raw and Tap Water Demand Forecast MCM / Year Raw Water +8.4% +6.7% +3.0% +4.2% Demand Forecast 350 325 303 312 Tap Water 300 284 100 +5.5% +5.9% +5.6% +5.3% 250 76 80 80 68 72 200 60 140 34 150 40 100 20 1H 2012 2012F 2013F 2014F 2015F 1H 2012 2012F 2013F 2014F 2015F *Tap water sales volume was excluded O&M Contract Eastern Water Resources Development and Management Public Company Limited 23
- 24. Agenda • 2H2012 Outlook • 1H2012 Performance • Water Situation • Project Update Eastern Water Resources Development and Management Public Company Limited 24
- 25. Project Update Nongplalai-Maptaphut # 3 Investment: 2,181 MB Nongplalai-Maptaphut # 3 • Increasing pumping capacity by 105 MCM/ Yr • Overall Progress 94.34% (as of July 31, 2012) • Completion: Dec, 2012 Eastern Water Resources Development and Management Public Company Limited 25
- 26. Project Update Bangpra project Investment: 850 MB Bangpra Project • Reducing water transmit from Rayong to Bangpra Chonburi Reservior • Building new pumping station at Bangpra Pumping reservoir Station • Capacity: 200,000 CU.M per day starting in 2014 • Overall Progress 26.40% (as of July 31, 2012 • Completion: 2013 Eastern Water Resources Development and Management Public Company Limited 26
- 27. Project Update Tabma Project Investment: 2,735 MB Tabma Project • 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 Location 31, 2012 • Completion: 2014 Klong Tapma Puming station Maptaput Rayong River pumping Eastern Water Resources Development and Management Public Company Limited station 27 27
- 28. Project Update Other Projects: Dok-Krai and Map-Ka 2 Pumping station Improvement Storage pond Dok-Krai Map-Ka 2 Investment: 192 MB Investment: 100MB • Improving pump and laying pipeline • Secure water pumping system>> • Increasing capacity from 96 to 116 reserve water more than 20 hrs in MCM/ Yr case of power failure • Overall Progress 100.00% (as of July • Capacity: 220,000 CU.M. 31, 2012) • Overall Progress 76.96% • Completion: 2012 (as of July 31, 2012) • Completion: 2012 Eastern Water Resources Development and Management Public Company Limited 28
- 29. Q&A Eastern Water Resources Development and Management Public Company Limited 29
- 30. Thank you Eastern Water Resources Development and Management Public Company Limited
- 31. Index Eastern Water Resources Development and Management Public Company Limited
- 32. Company Outlook: History To establish a new company The Provincial Responsible for the development & management Waterworks of the raw water delivery system in Eastern Authority Seaboard(ES) of Thailand (PWA) Cabinet EAST WATER Resolution Initial Paid-Up On Sep 12, 1992 Capital 10 MB. • Aug 1996: increased capital to 1.7 billion Baht The Royal • Jul 1997: Listed on SET Irrigation • Dec 1998: Established Department Universal Utilities (RID) • Sep 1999: Awarded ISO 9002 To continue its role as to develop raw water resources & reservoirs Eastern Water Resources Development and Management Public Company Limited 32
- 33. Company Outlook: Shareholders and Group Structure Other Investors PWA 26% 40% East Water IEAT 5% Universal Utilities (UU) EGCOM TARA EGCO Utilico 100% 15.88% 19% 10% Foreign Investors 18.78% Chachoengsao Bangpakong Nakornsawan Waterwork 99% Waterwork 99% Waterwork 100% As of July 31, 2012 Eastern Water Resources Development and Management Public Company Limited 33
- 34. Company Outlook: Pipeline Network and Service Areas Raw Water Customers Rayong Heavy Industry, Petro Chemical Chonburi Domestic Consumpt., General Industry Chacoengsao Pipeline Chachoengsao Automotive, Domestic Consumption Chonburi Pipeline Tap Water Major Concessions Prasae - Klongyai Pipeline 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 Rayong Pipeline Chonburi 24,000 CM per day Nakornsawan 19,200 CM per day Eastern Water Resources Development and Management Public Company Limited Others 17,710 CM per day 34
- 35. Water Situation Water demand in the year 2022 600 459 Chacheongsao 377 4 (MCM./year) 400 269 292 3 60 Borwin-Pluakdang Demand 2 3 48 111 21 23 101 Chonburi 69 79 200 284 Rayong 176 187 225 0 Year 2011 2554 2012 2555 2017 2560 2022 2565 Chonburi Borwin-Pluakdang Chacoengsao Area Rayong Major customers Major Customers Major Customers Customers -Maptaphut Indust. Estate -Pattaya Waterworks -Power plant in ESIE, CIE -Petrochem. Customers in EIE Sri-racha Waterworks, -Nong klang dong (+) Factor Laem Chabung RIL1996 , PTT Complex Waterworks -Satthahip Waterworks (-) Factor - - - - Demand Increase 58.5 Eastern Water Resources Development and Management Public Company Limited 10 12 1 (MCM.) 35
- 36. Half Year Results Ended 30 June 2012 Eastern Water Resources Development and Management Public Company Limited
- 37. Contents Company Highlights Operation Highlights Financial Results Eastern Water Resources Development and Management Public Company Limited 37 37
- 38. Universal Utilities Co., Ltd. (UU) Nakhonsawan Prathum-Rangsit (PWA) Chachoengsao Rachaburi-Samutsongkram Bangpakong Borwin , Nongkham Sattahip , Chonburi Larn Island Rayong Srichang Island Samui Island Group 1 Concession Contracts Group 2 O&M Contracts Eastern Water Resources Development and3Management Public Company Limited Group NRW Contracts 38
- 39. Universal Utilities Q2/2012 Highlight Performance Q2/2012 % Growth Revenue 261 MB 12.29% EBITDA 83 MB 22.72% NET Profit 40 MB 48.37% Million Baht 300.00 261.35 232.74 250.00 Revenue 200.00 EBITDA 150.00 Net Profit 67.52 82.86 100.00 40.23 27.12 50.00 - Q2/2011 Q2/2012 Eastern Water Resources Development and Management Public Company Limited 39 39
- 40. Universal Utilities Jan-Jun 2012 Highlight Performance Jan-Jun 2012 % Growth Revenue 507 MB 9.10% EBITDA 153 MB 22.44% NET Profit 74 MB 53.14% Million Baht 600.00 507.42 465.09 500.00 Revenue 400.00 EBITDA 300.00 Net Profit 124.80 152.81 200.00 73.67 48.11 100.00 - Jan-Jun 11 Jan-Jun 12 Eastern Water Resources Development and Management Public Company Limited 40 40
- 41. Contents Company Highlights Operation Highlights Financial Results Eastern Water Resources Development and Management Public Company Limited 41 41
- 42. Tap Water Demand Q2/2012 (Excluded O&M Contract) Million Cubic Meter 11.25% 17.16 18.00 17.00 15.43 16.00 15.00 14.00 Q2/2011 Q2/2012 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. Eastern Water Resources Development and Management Public Company Limited 42 42
- 43. Tap Water Demand Jan-Jun 2012 (Excluded O&M Contract) Million Cubic Meter 9.58% 33.52 34.00 30.59 32.00 30.00 28.00 Jan-Jun 11 Jan-Jun 12 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. Eastern Water Resources Development and Management Public Company Limited 43 43
- 44. Contents Company Highlights Operation Highlights Financial Results Eastern Water Resources Development and Management Public Company Limited 44
- 45. Tap Water Revenue & Net Profit Revenue Q2/2011 Vs. Q2/2012 (Consolidated) Net Profit Q2/2011 Vs. Q2/2012 (Consolidated) Million Baht Million Baht 12.29% 48.37% 232.74 261.35 40.23 300.00 60.00 27.12 200.00 40.00 100.00 20.00 - - Q2/2011 Q2/2012 Q2/2011 Q2/2012 Remarks : Remarks : CWS Increase 10 MB Satthahip Increase 8 MB CWS Increase 2 MB BWS Increase 3 MB Bowin Increase 4 MB Rayong Increase 5 MB Bowin Increase 3 MB Rayong Increase 3 MB CHonburi Decrease 4 MB BWS Increase 5 MB Samui Increase 3 MB Eastern Water Resources Development and Management Public Company Limited 45 45
- 46. Tap Water Revenue & Net Profit Revenue Jan-Jun 2011 Vs. 2012 (Consolidated) Net Profit Jan-Jun 2011 Vs. 2012 (Consolidated) Million Baht Million Baht 9.10% 53.14% 465.09 507.42 73.67 600.00 100.00 500.00 48.11 400.00 300.00 50.00 200.00 100.00 - - Jan-Jun 11 Jan-Jun 12 Jan-Jun 11 Jan-Jun 12 Remarks : Remarks : CWS Increase 16 MB Satthahip Increase 12 MB CWS Increase 7 MB BWS Increase 5 MB Bowin Increase 6 MB Rayong Increase 9 MB Bowin Increase 4 MB Rayong Increase 6 MB Chonburi Decrease 5 MB BWS Increase 7 MB Samui Increase 4 MB Eastern Water Resources Development and Management Public Company Limited 46 46
- 47. Tap Water Demand (Excluded O&M Contract) AVG. Growth 5.27% Million Cubic Meter 6.02% 5.16% 100 4.64% 76 80 68 72 75 50 34 25 - 2012 A 2012 E 2013 E 2014 E 2015 E 6 Mths Forecasted Eastern Water Resources Development and Management Public Company Limited 47 47
- 48. Capex 2012-2014 Amount Year Description (MB) 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) Eastern Water Resources Development and Management Public Company Limited 48 48
- 49. Capacity ลบ.ม./วัน ประปา/ปี มิ.ย.-55 ฉะเชิงเทรา 47,400 บางปะกง 43,200 นครสวรรค์ 22,200 ระยอง 86,400 สัตหีบ 31,200 บ่ อวิน 9,600 ชลบุรี 24,000 เกาะล้ าน 300 เกาะสีชัง 250 เกาะสมุย 3,000 หนองขาม 1,560 สัมปทาน 269,110 ราชบุรี 48,000 O&M 48,000 Easternรวม Resources Development and Management Public Company Limited Water 317,110 49 49
- 50. Thank You www.eastwater.com Public Company Limited Eastern Water Resources Development and Management
- 51. Aug 27, 2012 Water Situation Accumulated Rainfall (Jan 1 – Aug 27, 2012) Eastern Water Resources Development and Management Public Company Limited 51
- 52. Water Situation El Niño / La Niña El Niño neutral La Niña Eastern Water Resources Development and Management Public Company Limited 52
- 53. Water Situation Rayong Vs Chonburi Rayong Chonburi Accumulated rainfall (Aug 27, 2012) Accumulated rainfall (Aug 27, 2012) was 834.2 MM >>> Low was 592.6 MM >>> Very Low Eastern Water Resources Development and Management Public Company Limited 53
- 54. Water Situation Cost from Drought 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 Eastern Water Resources Development and Management Public Company Limited
- 55. 2Q2012 Performance Financial Summary: Product Mix Servic es&Re Others ntal 1% EASTW’s Total Revenue Breakdown 6% Tap by Line of Business Water 23% Raw * As of June 31, 2012 (1H) Water 70% Total Revenue*= 1,855.81 MB Raw Water Tap Water Raw Water Breakdown by Province Raw Water Breakdown by Tap Water Breakdown by Province Chacho Customers engsao General 1% Factories Others Rayong Chonburi 7% IEAT 22% 21% 26% 37% Private Estates Chonburi 25% 9% Sattahip Rayong 20% 73% Consumption Chacoen Bangpak 32% gsao ong 15% 13% Raw Water Revenue*= 1,296.14 MB Raw Water Revenue*= 1,296.14 MB Tap Water Revenue*= 417.41 MB Eastern Water Resources Development and Management Public Company Limited * As of June 31, 2012 (1H) 55
- 56. 2Q2012 Performance Tap Water Revenue and Costs Breakdown Revenue & Total Cost of Tap Water (Consolidated Jan-Jun) Total Cost of Tap Water Breakdown (Consolidated Jan-Jun) 120% Tap Water cost structure 100% 6.55% 7.24% 600 507.42 465.09 80% 500 34.30% 36.91% 400 60% 0.77% 11.47% 0.83% 300 5.92% 12.55% 200 40% 7.87% 5.69% 82.53% 78.37% 7.63% 100 20% 0 33.12% 29.15% Jan-Jun 11 Jan-Jun 12 0% Jan-Jun 12 Jan-Jun 11 Raw Water Staff Cost Total Cost Revenue Electricity Depreciation (Exclude Tax and Interest) Chemical Cost of Services Others Eastern Water Resources DevelopmentTotal Cost Exclude Cost Allocation ,Tax and Interest Expense. Remarks : and Management Public Company Limited 56 56
- 57. Water Situation Raw Water Demand 2011-2022 600 459 Chacheongsao 377 4 (MCM./year) 400 269 292 3 60 Borwin-Pluakdang Demand 2 3 48 111 21 23 101 Chonburi 69 79 200 284 Rayong 176 187 225 0 Year 2011 2554 2012 2555 2017 2560 2022 2565 Area Rayong Chonburi Borwin-Pluakdang Chacoengsao Major Customers Major Customers Major Customers Major customers -Laem Chabung Industrial -Power plant in ESIE, CIE, -Maptaphut Industrial Estate Estate H-ESIE, TNP2 -Chonburi Waterworks -Petrochem. Customers in EIE , Asia - Nong Klang dong (+) Factor Industrial Estate, RIL1996 , PTT UU –Thai oil Complex -Laem Chabung , Pattaya , -Satthahip Sri-racha Waterworks Waterworks (-) Factor Rayong power plant - - Baan-chang Waterworks Demand increase 38.5 Eastern Water Resources Development and Management Public Company Limited 21.5 25 1 (MCM.) 57
- 58. Water Situation Raw Water Demand and Supply 2012-2022 2012 2017 2022 Capacity of pipe line system (MCM.) 351.0 456.0 456.0 (Plus NPL3-105 MCM) Supply (MCM.) 281.5 372 394.5 Demand (MCM.) 283.7 365.9 445.7 Demand + NRW 3% (MCM.) 292.2 376.9 459.1 Eastern Water Resources Development and Management Public Company Limited 58
- 59. Water Situation Existing Supply 2012 2012 2012 Total Sale Volume 284 Eastern Water Resources Development and Management Public Company Limited 59