Operating Results year 2009 Asian Insulators Public Company Limited 254 Seri Thai Road, Kannayaow, Bangkok 10230 Thailand http://www.asianinsulators.com Tel. (66) 0-2517-1451 Fax. (66) 0-2517-1465 E-mail : asian@asianinsulators.com Page 1
Agenda Business Overview Consolidated Financials Business unit Insulators Engineering Logistics Vegetable Oil and Alternative ti Energy Ports and Terminals Questions and Answers Page 2
More than half of Porcelain Insulators uses in power transmission and distribution grids are our products. A progressive porcelain manufacturing plant with production flow and state of the art the art raw materials preparation, pug mills and kilns with ISO 9001 Quality Assurance Program allows for manufacture and marketing of high quality insulators products. Product innovation and improvements, is an industry leader in the design and production of high quality porcelain insulators. Page 3
Business Overview AI Insulators Business Energy Business AI 100 % PPCAI 25.10% AIES 99.84% AIPT 92.53% AIL 89.88% AIE 86.00% Manufacturer Porcelain Insulators for low, medium and high voltage insulators Capacity 12,000 tons Manufacturer Porcelain insulators for Europe and North America markets. Capacity 3,500 tons Engineering contractor for High Voltage Transmission lines and Substations Ports and depot services Capacity 40 million liters Sea and Land Logistics Ship Tankers range 500 3000 tons gross Bio diesel refinery 500,000 liters / day Vegetable oil refinery 350,000 liters / day Page 4
Business Overview Highlights AI is the leader in Porcelain Insulators manufacturer with 55% market share in Thailand. AI has 100% market share in high h voltage insulators. AI has all Porcelain Insulators products range cover all the requirement from utilities for power transmission and distribution. AI has a progressive porcelain manufacturing plant with production flow and state-of-the-art raw materials preparation, pug mills and kilns with ISO-9001 Quality Assurance Program. AI is one of the leader in Biodiesel refinery with continuous process and vegetable oil refinery for industrials and consumers use, continuously achieves strong growth through alternative energy and vegetable oil. AI has a discipline i engineering i in design and construction ti of high h voltage transmission lines and substations. AI has a complete logistics and tanks farm to support the alternative energy and vegetable oil business. Page 5
Power Transmission and Distribution System Electrical insulators is one of the essential equipment for the electricity s transmission and distribution systems. It can prevent the electricity leaks from the conductor to the ground which would cause the short circuit and cause the unplanned electricity outage. Another main duty of insulators is to hold and suspend the electrical conductor in the air. Page 6
Performance of AI (Consolidated) MB 3,000 2,500 2,000 1500 1,500 1,000 500 0 865 1,558 2,411 2,377 32 201 168 161 210 31 164 108 2006 2007 2008 2009 Revenue EBIT Net Profit Page 7
Consolidated: Debt to Equity (Times) 1 0.8 0.6 0.85 0.91 0.4 0.2 0 0.12 0.22 2006 2007 2008 2009 Debt to Equity Ratio (Consolidated) d) Page 8
Insulators: Performance 1,100 MB 1,029 952 900 968 700 500 300 100 (100) 647 672 327 219 235 318 216 229 150 34 130 31 2005 2006 2007 2008 2009 Revenue EBIT Net Profit Page 9
Dividend Baht per share 1 0.8 0.6 0.4 0.45 0.75 0.2 0 0.11 2007 2008 2009 Page 10
Insulators: Summary 2009 Highlights Lower demand of Porcelain Insulators from Utilities. Power expansion projects has been delayed, and postponed for both utilities and private sector. Outlook Increase in demand of Insulators from utilities and private sectors estimate increase by 75% from year 2009. Page 11
Asian Insulators PLC. & PPC Insulators Group Page 12
PPC Asian Insulators Company Limited Location 99/9 Moo 2, Asia Highway Rd., Km. 122-123, Banmor,Promburi, Singburi 16120 Thailand Prod Capacity 3,500 tons per annum Paid-up Capital 263 million Baht Stake 25.10% No. of employees 300 persons. Investment t Thailand s Board of Investment t incentives (Zone 3), Privileges commencing from January. 2005; Corporate income tax exemption for 8 years and 50% reduction for the next 5 years. Dividend gained from the business is exempted from the corporate income tax calculation within the 8-years tax exemption period. Page 13
Products. Page 14
AI Engineering Services Company Limited Page 15
Engineering: Performance MB 1,000 800 600 400 200 0 617 200 200 198 10 12 7 30 9 12 6 20 2006 2007 2008 2009 Revenue EBIT Net Profit Page 16
Engineering: Summary 2009 Highlights The Construction projects was completed on time and budget. Outlook New power transmissions and distribution expansion projects for year 2010 with the budget of 5,000 million Baht. Backlog for 260 million Baht of high voltage substations construction. Page 17
AI Energy Company Limited Vegetable Oil Bio Diesel (B100) Page 18
Bio Diesel and Refined Palm Oil Production Process Page 19
Bio Diesel and By-Products Sales Volume 80,000 Liters 68,574 60,000 40,000 20,000 0 7,447 39,152 2007 2008 2009 Page 20
Bio Diesel and Vegetable Oil : Performance MB 1,300 1,000 1,203 1,113 700 400 100 (200) 220 23-23 -43-106 -134-0.56 2007 2008 2009 Revenue EBIT Nt Net Profit Page 21
Bio Diesel: Summary 2009 Highlights The demand of biodiesel (B100) was decreased due to lower demand. More demand or Refined palm oil for industrial use. Outlook The demand d of biodiesel (B100) is expected to be increased due to the new regulation to add 3% (from 2%) of B100 into diesel oil. Starting from March 2010. More demand of Refined palm oil for industrial use.. Page 22
AI Logistics Company Limited Page 23
Logistics: Performance MB 60 59 74 76 10 25-9 -13-40 2006-24 2007-29 2008 2009-17 -20-8.2-16.2 Revenue EBIT Net Profit Page 24
Logistics: Summary 2009 Highlights Lower demand of ship tanker. The utilize capacity about 50% for time charter and freight charge. Preventive maintenance as per schedule. Outlook Expecting more demand of ship tanks for year 2010. Page 25
AI Ports and Terminals Company Limited Page 26
Ports and Terminals: Performance MB 25.00 24 27 5.00-15.00 11-0.6 1 0.5-1.00 2007 2008 2009-11 -11 Revenue EBIT Net Profit Page 27
Ports and Terminals: Summary 2009 Highlights Ports services and sell the ice cube to fishing industry at Samut Sakorn province. The construction of tanks farm and port at Samut Sakorn province with 10 million liters capacity of Crude Palm Oil is completed and in operation since October 2009. The construction of tanks farm and jetty at Chumporn province with 20 million liters capacity of Crude Palm Oil is completed and in operation since October 2009 Outlook Forecasting to utilized 50% capacity within mid of year 2010. Page 28
Questions and Answers Contact : Khun Thanit Thareratanavibool ir@asianinsulators.com Tel.: 02-517-1451 http://www.asianinsulators.com i t Page 29
Disclaimer The information, statements, forecasts and projections contained herein reflect the Company s current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance is given that these future events will occur, or that t the Company s assumptions are correct. Actual results may differ materially from those projected. Page 30