Energy Absolute Energy for us all, Energy for the FUTURE
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Energy Absolute Energy for us all, Energy for the FUTURE
E@ at Glance
At 20 March 2020
Established
In 2006 to produce palm oil Others,
22.62% Somphote
Core Business Ahunai
(CEO),
Energy (Renewable and Utilities) 43.61%
Shareholder
Secondary Market Foreign Structure
The Stock Exchange of Thailand since 30 Jan 2013 Juristic,
18.90%
Market Capitalization (as of 15/05/20)
Approximately THB 148.27 bil. (US$ 4.63 bil.) Domestic Amorn
Fund, Sapthaweekul
11.35%
(CFO) , 3.53%
Total Board Members = 11
Credit Rating CG Rating
Corporate rating : A Excellent Independent Executive Other
Directors Directors Non - Executive
= 6 (55%) = 2 (18%) = 3 (27%)
2
Safeguard for
all stakeholders
Using application
E@ Measurement during Knowledge
to track & trace
the COVID-19 period Sharing
#NON-CONTACT
Provide & Support
Medical staff
3
Highlight of Operating Performance
Q1/2020 Q1/2019
Total Revenue
THB 4,761 mil. THB 3,088 mil.
increase 54% YOY increase 19% YOY
Net Profit
THB 1,452 mil. THB 1,211 mil.
increase 20% YOY increase 38% YOY
4
“A leader in alternative energy business,
by using the modern technology and environmentally friendly”
Palm Oil Renewable Energy Electric Charging
Based Power Storage Vehicle Network
(1) B100 & Glycerin (1) COD (1) Amita Taiwan (1) MPV car : Mine (1) Station
(2) Bio-PCM & • Solar 278 MW 400 MWh (2) Ferry (2) Equipment
Green Diesel • Wind 386 MW (2) Amita Thailand (3) Bus & Truck (3) Online App
(3) Other Related (2) New Projects 1 GWh (by 2020) (4) Other Related
5
Our Performance Energy Absolute PCL.
Total Revenue of Q1/2020
Revenue for Q1/2020 period increased from Wind Power and Biodiesel unit
Total Revenue increased 54% YoY
Total Operating Revenue increased 53% YoY
• Amount of revenue contributed from power
Mil.bt. business is increasing YoY after completion
16,000 Accounting gain 14,955 of 260 MW wind power, Hanuman Project.
- • Stronger demand of B100 as required to use
Other revenue 235
14,000 B10 caused the increase in B100 selling price
Other Businesses 12,490 122% YoY.
12,000 Power
BiodieselGlycerin 360 Others
Others Biodiesel 2%
10,000 2% 29% Biodiesel
10,974 39%
8,000
7,681
6,000 Q1/2019 Q1/2020
4,761
4,109 106 Power
4,000 2,773 3,088 55
2,766
69% Power
59%
130 80
2,000 3,047
1,839 2,120 3,511 3,678
982 1,860
- 787 885
Q4/2018 Q1/2019 Q4/2019 Q1/2020 2018 2019
7
Gross Profit of 1Q2020
Mil.bt.
10,000 Power BU. Gross Profit Margin Q1/19 Q1/20
9,000 Biodiesel BU. 8,135 Biodiesel Business 2% 5%
51
8,000 Others BU. • Higher demand of CPO from the government measurement announcing B10 to
be used as regular diesel while there was shrunk from drought in 2019.
7,000
5,884 • B100 specification change to Mono Glyceride content at 0.4% for use as B10
6,000 212 caused price to increase.
5,000
Power Business
Solar 82% 82%
4,000 8,442
Wind 64% 66%
3,000 2,377 5,888 • Increasing of power production was due to higher solar radiation.
67 2,09391
2,000 1,604 • Revenue was fully recognized from Hanuman wind power project
13 • Increasing of power production from Hadkunghan wind power plant due to
1,000 2,436 2,075 strong wind compare to the last year.
1,629
- Total GPM 52% 44%
(38) (126) (73) (216) (358)
(1,000)
Q1/19 Q4/19 Q1/20 2018 2019
Note: Total Revenue and Net Profit are excluded Accounting Gain, Other Income, Gain/Loss from exchange rate.
8
Total Expense & Net Profit of 1Q2020
YoY 160
Solar (81)
(Mil.Bt)
Gross (865) (14) 11
Profit (1,386)
8,135
Increase
5,884 6,082 5,148
Gross Profit 2018 Gross Profit 2019 Selling Expense Admin Expense Share of Loss in FX Gain (Loss) Financial Cost Tax Net Profit 2019 Net Profit 2018
investment
YoY
(Mil.Bt)
(20) (14) (433)
(269) 24 36 1
1,604 2,063
1,452 1,211
Gross Profit Gross Profit Selling Expense Admin Expense Gain on Share of loss FX Gain (Loss) Financial Cost Tax Net Profit Net Profit
Q1/2019 Q1/2020 remeasurement from Q1/2020 Q1/2019
of financial investments
instrument
• Administrative expenses: for 1Q2020, were Baht 269 mil., increased by Baht 72 mil. From the personnel expense with new hiring of employee and executive were increased by Baht 41 mil. and
also Office expenses were Baht 24 mil. following the new business.
• Financial Cost: increased by Baht 170 million. This is mainly due to long term loan from financial institutions for payment of some part of supplier credits for Hanuman wind power plants project.
• FX Gain: Due to buying Forward for payment of supplier credits for Battery plant project
9
Total Liability, Equity, D/E Ratio and Net D/E Ratio
THB Mil.
80,000 3.50
2.88
3.00
2.64
60,000 26,422
2.28 2.25 24,866 2.50
2.14 2.02
1.82 19,518 2.03 1.82
1.80 2.00
40,000 1.57
11,389 1.41
14,744 1.21 1.50
1.16
8,510
45,353 47,619 1.00
20,000 39,690
5,897 30,118 29,786
24,547 0.50
13,429
- 0.00
2014 2015 2016 2017 2018 2019 Q1/2020
Liabilities Equity D/E Ratio Net D/E
10Financial Cost and Payment Profile
Total Interest Bearing Debt
Current
A
portion of
Debentures
& ST-Debt
13% Mil.Bt.
Bond LT-Loan
42,664
9,000
LT-Debt 6,272 6,715
54%
Mil.Bt. Debentures
33%
6,000
4,467 2,272
4,855 5,074
4,000
5,215 3,506 2,074
1,467
3,355 2,660
3,000
4,000 1,386 4,000
3,000 3,506 3,000
2,660
1,500 1,500 1,386 -
-
Interest Rate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Short Term Debt: 1.50 – 4.53%
P/N: 1.41 – 3.50%
On 16th October 2019, EA issued THB 3 billion 7-year bond to ADB
Long Term Debt: 3 – 3.8% with 2.744% interest and was certified by CBI to be green bond.
Bond: 2.09 – 3.15%
11Our Target in Y2020
GD & PCM
EV
1%
4% E-Ferry & Charging 1%
Capital Investment in 2020
Biodiesel B100 Power
29% 1% Charging
2%
3%
Revenue
GD&PCM
Renewable 2020 7%
Power
65% EV Car
LPH 9%
40%
Others,
235 , 1% THB
E Ferry
Biodiesel,
3,678 , 12,388 mil. 11%
25%
Revenue
2019 Key milestone :
GD & PCM, E ferry start R&D 1 GWh Battery Factory
Renewable commercial operation 1% 26%
Power, Q3/2020, EV start Q4/2020
10,974 , 74%
12Biodiesel Production
Mil.liters Baht/liter
Sales Volume 36.15
35.07 40.00
30.99 Avg Price
300 28.60
25.00 24.18 30.00
20.17
200 17.69 16.27 20.00
100 175 188 174 193 10.00
134 152 158
50.2 49.8
0 0.00
2013 2014 2015 2016 2017 2018 2019 Q1/19 Q1/20
Location Kabinburi Industrial Estate, Prachinburi under BOI promotion & privileges
• Biodiesel 800,000 Liters per day
Plant
• Pilot production of green diesel/PCM 1 Ton per day
Capacity
• Refined Glycerin 80 Tons per day (by product)
• B100 volume in Q1/20 = 49.8 mil.liters decreased 0.8% as compared to last year but the average
selling price increased 122.2% from the announcement B10 to be used instead of B7
• Glycerin volume in Q1/20 = 3.77 mil.kg. decreased 0.03% as compared to last year and the average
selling price decreased 26.49% due to the high competition in domestic and export market.
13Palm oil Market in Thailand
B100 Food and others Domestic Consumption Stock
Unit : Ton
100% 600,000
90%
500,000
80%
70%
400,000
60%
50% 300,000
40%
200,000
30%
20%
100,000
10%
0% -
Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec19 Jan 20 Feb 20 Mar 20
Source: Department of Internal Trade, Thailand
14Advance Technology
in Biodiesel Business
Energy Absolute PCL.Biodiesel Business with advance technology of GD & PCM
BioPCM works as a thermal storage battery
PCM good for energy saving
Export
Market
Green Diesel & PCM
Production (38 : 62)
CPO Green Advance product of biodiesel
Purification Diesel Enhancing diesel engine capacity
Domestic
Sell to major oil refinery companies Market
B100
B100 & Glycerin
Production
Sell to pharmaceuticals ,
Glycerin
Cosmetics, Personal products
16New Plant for
Green Diesel &
PCM Production
17Renewable Power
EA Solar Lampang
(90 MW)
Production
664 MW
EA Solar Phitsanulok
(90 MW)
EA Solar Nakornsawan
(90 MW)
EA Solar Lopburi EA Wind Hanuman
(8 MW) (260 MW)
(Chaiyaphum)
COD
EA Wind Hadkanghun • HNM 1 & 8 = 90 MW 25 Jun 19
(126 MW) • HNM 5 = 48 MW 22 Mar 19
(Songkla & Nakornsri tammarat)
• HNM 9 = 42 MW 30 Mar 19
• HNM 10 = 80 MW 13 Apr 19
Adder 3.50 baht/kwh
Technology from Siemens Gamesa, SpainRenewable Energy Production
Total Capacity Output Production
Mil.kWh
MWh Solar 1,389
Wind 42% 1400 Solar
800 664 664 664 1200 HGH
58% 278 MWh 469
HNM 894
600 386 MWh 1000
404 404 386 386 800 292 293
400 278 600
126 126 417 381
188 400 253
336 353
200 98 98 278 278 278 278 107 185 152 115 602 627
8 200 75 25 58 92 67 83
0 153 171 140 162 155
0
2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 FY18 FY19
+ 8MW + 90MW + 90MW + 90MW + 126MW + 260MW
Lopburi Nakornsawan Lampang Phitsanulok Had Hanuman
Kanghan (Chaiyaphum)
(Songkla &
Nakornsri
tammarat)
19Energy Storage System : Core Technology for New Businesses
EV Electric Electric
Charging Vehicle Ferry
Station (EV) (E-Ferry)
Phase I Next Phase
Energy
1 GWh 50 GWh Energy
Trading
Storage
System
System
(ESS)
20New era of Advance Technology ESS
• Started investing in Amita Technologies Inc., Taiwan in
Dec 2016 current shareholding = 74.71%
Energy Storage System for
a small renewable power plant • Amita Technologies Inc. was established in March
2000 to produce lithium-ion power battery with
strong material science research and long test data
accumulation supported by ITRI.*
• Main Businesses
• High Power Battery for EV, E-Scooter, Power Plant
Battery for E-Scooter • OEM (Original Equipment Manufacturer)
• PDCA- Post Dry Cell Battery
• Turnkeys of High Technology Battery Factory for EV in
Beijing
• Current production capacity and capability : 44Ah
power battery cell over 400MWh per year
* ITRI, a nonprofit R&D organization of Taiwan, who played a vital role in Taiwan's economic growth,
strengthen capabilities of innovation and cooperation with international partners all over the world.
21Amita’s Products and Application
Accessories
Camcorder
E-Bank
Energy
Storage
Cell Hard & System
Soft
pack
Versatile Stationary Battery System with
High Safety & Manageability for
Industrial, Commercial, Power System
Model No. AMITA 20FT-ESS
Lithium–titanate Battery (LTO) Cell Typical
0.5-1.5MW
Fast-charging >10C Capacity
Cycle Life 6,000 (NMC)▕ 20,000 (LTO)
Ultra Lifespan >20,000 Cycles
Voltage 48-820V
Non-burning and Safety Features
22Our EV MINE SPA1 Energy Absolute PCL.
MINE Mobility
EV Factory
Overall - Front Factory - Front
Free Zone
Free Zone FGs Yard - Back Overall - Back
• Free Zone Register
• Factory 28,800 SqM. @Banpho District
• THB 1200+ mil. Construction >> Cars, Trucks, Buses, Battery Pack
26Electric Ferries
To prove the high safety of battery system
Using our 800-KWh Lithium-ion battery capacity
to modernize and make a cleaner and safer
transportation for our community including tourist
who travel along Chao Phraya River, which is one of
the most impressive tourist destinations in Bangkok.
The electric ferry is designed by our own team and
using our technology.
27Passenger Cabin for Social Distancing
Seat Distancing Standing Point Distancing
Seat Installed Spacing 1.25 m. Seat To Allow Seat Installed Spacing 1.2 m. Seat To Allow
100 Nos. 36 Nos. 150 Nos. 48 Nos.
UVPCO in
Air Return Duct
2 Each
28Compatible with all EV Brands
Battery: 30 kWh
22/150 kW AC/DC Combo Charger Lithium Ion : NMC
With STOBA
Water cooling less humidity (Short circuit cause)
Battery 30kWh
Charging
CCS Combo type2 (EU)
12 mins with DC Charger
Home Charge for 200 km.
AC charge & DC Fast charge (80% 12 mins)
with EA Anywhere ChargerEA ANYWHERE Application
Owner Application Features: Available now
Users Traffic
Energy usage
Chargers Status
Billing System
Station Report
Hom Favorit Calend
e e ar
Payme Promoti Repo
nt on rt
Log Hel Setting
in p
About
usEA Anywhere – Charging Stations
Opening 384 stations
• BKK 185 stations
• Up-country 52 provinces
with 199 stations
31EA AnywhereAntiCovid19
To reduce the risk of COVID-19, EA ANYWHERE cares for all customers
by cleaning our all charging stations including all equipment. In order to
achieve the integration of the resistance against COVID-19 quickly.
32Our Target in Y2020
Biodiesel Renewable Power
Avg.Price/Unit Mil.MW
Mil.liters
24 30 2000 79% 100%
73%
400 20 25 1500 80%
18 1,389
20 891 469 60%
1000
174 193 15 289 293 40%
200 162 500
10 602 627 20%
5 0 0%
0 0 2018 2019 F2020
2017 2018 2019 2020 Solar Wind-HGH Wind-HNM GP (%)
As the government promotes to use B100 Wind power production will increase
to be increased to 10% (from 7%), according to full year operation.
the volume and price would increase.
33Our Target in Y2020
Electric Vehicle Car : MINE E-Ferry
No. of E-Ferry
No. of EV 30
Total 42 units
3000
Total 5,000 cars
20
2000
1000
10
180
0 0
Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q2/20 Q3/20 Q4/20 Q1/21
EV production is going to start in Q4/2020 and ramp up The two pilot E-Ferries will start operation in Q2/2020,
to complete delivery of 5,000 units by 2021. followed by the next 24 units within 2020 and the rest in 2021.
34Our Target in Y2020
GD & PCM
EV
1%
4% E-Ferry & Charging 1%
Capital Investment in 2020
Biodiesel B100 Power
29% 1% Charging
2%
3%
Revenue
GD&PCM
Renewable 2020 7%
Power
65% EV Car
LPH 9%
40%
Others,
235 , 1% THB
E Ferry
Biodiesel
, 3,678 , 12,388 mil. 11%
25%
Revenue
2019 Key milestone :
GD & PCM, E ferry start R&D 1 GWh Battery Factory
Renewable commercial operation 26%
1%
Power, Q3/2020, EV start Q4/2020
10,974 ,
74%
35To invest in Land Prosperity Holding 19% and
land lease 91 rais for Battery Factory Phase I
Company Company
A B
55% 11%
Purchase 285,000,000 shares
Other Land Prosperity Prosperity @18.00 = THB 5.13 bil.
Investors 15% Holding 19% Gain 19%
(Individual) Holdings
Capital : THB 15 bil.
100% 100%
Wattanapiboon Land Co., Ltd Double P Land Co.,Ltd
Capital : THB 2.03 bil. Capital : THB 10 bil.
Lease 91 rais for 15+15 years
Owner of Blue Tech City = THB 1.25 bil.
Own 600 rais
Project 2,100 rais
36Land Prosperity Holding Investment
Double P Land Co., Ltd Wattanapiboon Land Co., Ltd
64 km. from BKK 58 km. from BKK
37EA Investment through EA Mobility Holding (EMH)
Mr.Kanit Sriwachiraprapa
300 mil. shares
670 mil. Shares = 40%
EMH
Subsidiary of At 2.20 bath per share
Mr.Boonaue Jittanom
100 mil. shares
Established
• To jointly invest in quality development, In 1997 to produce high precision electronic parts
manufacturing, assembling, and distributing, Core Business
including the sales and aftersales services of Manufacturing and selling electronic parts
buses, commercial vehicle, and private vehicles. and Buses and related service
CG Rating
• EMH will submit the request for waiver from Excellent
mandatory tender offer by resolution of NEX
Objectives of the capital increase
shareholders’ meeting (Whitewash).
• Working capital 500 – 600 MB.
• Bus business and related 1,520 MB.
• Loan payment 30 MB.
• Others investment 200 MB.
38Disclaimer This presentation contains summary information about Energy Absolute Public Company Limited (“EA” or “the Company”) and its subsidiaries as at 31 March 2020 and, unless stated otherwise. The information does not purport to be complete or comprehensive. This presentation contains forward looking statements that may be identified by use of words such as “anticipates,” “hopes,” “expects,” “estimates,” “intends,” “projects,”“plans”, “predicts,” “projects”, “aims” or other similar expressions that are used to identify such statements. Forward looking statements are based on certain assumptions and expectations of future events. No guarantee nor assurance is made that these assumptions and expectations are accurate or will be realized. Such forward looking statements should be considered with caution, since actual results may differ materially from those expressed or implied by such statements. The information in this presentation were obtained from various external sources which has not verified through any independent source. No representation or warranty, either express or implied, is made regarding the accuracy, completeness, correctness, reliability, or scope of the information and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence). This presentation is provided for the sole purpose of enhancing understanding of the Company and should not be construed as a legal, tax or investment recommendation or any other type of advice. The Company does not provide any representation, warranty, endorsement, or acceptance, about opinion or statement of any analyst s or other third parties; or the use of any such opinion, or statement of any analysts or other third parties. This document is strictly confidential and being given solely for your information and may not be shared, copied, reproduced or redistributed to any other person in any manner.
Energy Absolute
Energy for us all, Energy for the FUTURE
IR Contact:
IR@energyabsolute.co.th
+662-248-2488 ext. 19531You can also read
