1 • Company Overview

2 • Industry Condition and Competition

3 • Business Performance and Financial Status

4 • Business Performance Goals

5 • Question & Answer

1 • Company Overview

(Manufacturing and distributing)

(Distribution Transformer)

(Small Power Transformer)

(Special Transformer)

(Transformers installs services)

(Scheduled checks and maintenance services)

Transformers repairs and maintenance services)

Transformers rental services)

(Transformers testing services)

Transformers and electrical system consultancy)

“QTC Energy Public Co., Ltd., conducts the businesses of manufacturing and distributing custom made transformers to domestic and foreign customers and also provides various types of services

30 – 5000 KVA

5 – 30 MVA

บริการ (Service)

Business Operation

Vision & Mission

Vision • QTC is a world-class

manufacture providing world –class quality in Electric Transformation Equipment and Service

Mission • To meet our customer’s

performance challenges of their electrical system with products and services of international standard

Organization Chat

Head office 2/2 Soi Krungthep Kritha 8 (5).,Krungthip Kritha Rd., Huamark., Bankapi, Bangkok 10240 Tel: (66) 0-2379-3089-92 Fax: (66) 0-2379-3097

Factory 149 M. 2 Tambol

Mabyangporn,Ampur Pluakdaeng , Raying 21140

2 • Industry Condition and Competition

Industry situation: Local

Forecast of electricity generating and peak demand from 2010 - 2030

■ Peak demand increased from 23,249 MW in 2010 to 52,890 MW in 2020, accounting for the average growth of 4.42% per year.

■ Installed capacity increase from 31,349 MW in 2010 to 65,547 MW in 2030, accounting for the average growth of 3.96% per year.

■ Thus, the EGAT, the MEA, and the PEA will have an expansion of installed capacity and the distribution system in order to serve with the rising demand.

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

25

53

25

55

25

57

25

59

25

61

25

63

25

65

25

67

25

69

25

71

25

73

Peak Demand Installed Capacity

Source: The National Power Development (2010-2030) (PDP 2010)

2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

Industry Situation: Oversea

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Average growth rate of global electricity generating from 2007 - 2035

■ The EIA estimates that the growth of electricity generating in each continent across the world till 2035 will increase from 18,783 billion kW per hour in 2007 to 35,191 billion kW per hour in 2035, accounting for the average growth rate of 2.3% per year.

■ The average growth rate of the electricity generating of the countries outside the OECD is at 3.3% which is higher than the average growth rate of 1.1% of the countries within the OECD.

■ Asia, the region outside the OECD, is the region with the highest electricity generating growth ratet 4.1% per year.

Organisation for Economic Co-operation and Development – OECD

Source : International Energy Outlook 2010, U.S. Energy Information Administration

Competitions

Transformer market can be divided into power transformer and distribution transformer. In the past, all transformer sales of the company are sales for distribution transformers, which in this distribution transformer market, there are approximately 22 manufactures that consist of small manufacturers who focus more on price strategy rather than quality, up to medium and large manufacturers who focus on quality products. Therefore, manufacturer in each group would have different customer groups.

The company is regarded as medium manufacturer who can manufacture high quality transformer for state and private sectors that have received both domestic and international standard certifications

3 • Business Performance and Financial Status

Revenue Distribution

0

50

100

150

200

250

300

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

42.57%

38.55%

59.36%

0% 12.13%

48.15%

34.57%

32.23%

72.88%

36.14%

9.28%

26.89%

8.41%

27.12%

51.73%

Export Local Government

286.5

Million Baht

95.57

198.59

110.90

192.62

The revenue from sales in the second quarter of 2012 increased by 101.54% % from the same period of last year due to the increase oversea sales volume and the expansion of the industrial sector as well as the growth of renewable energy investment.

Revenue Distribution

Million baht

24.07

54.22

104.24

24.98

33.64

23.32%

26.79%

34.90%

20.89%

16.88%

0%

10%

20%

30%

40%

0

20

40

60

80

100

120

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

Gross Profit Gross Profit Margin

In the second quarter of 2012, the gross profit margin decreased by 6.44% from the previous year due to the decrease of the sales volume of the government and government enterprises.

Expenses and Net Profit

0.869

19.55

58.14

1.3

5.33

0.84%

9.66%

19.47%

1.09%

2.68%

0%

5%

10%

15%

20%

0

10

20

30

40

50

60

70

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

Net Profit Net Profit Margin

Million baht

Net Profit

In the second quarter of 2012, the net profit of the Company increased by 1.84% from the same period of last year due to the increase of the revenue while the increase of the operating cost grew at slower pace.

Capital Structure

Total Asset

432.9

616.57 570.43

625.65 655.35

0

100

200

300

400

500

600

700

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

226.51

294.68

190.4 224.32

306.66

206.38

321.88

380.03

381.33

384.68

0

100

200

300

400

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

Total Liabilities Total Shareholders's Equity

Total Liabilities and Shareholders

Fixed assets increased by 42.05% from the same period of last year due to the construction of the new office building and the purchase of the machine in order to increase the production capacity.

The inventory increased by 43.67% from the same period of last year due to the preparation of the raw material for the production of outstanding orders and finished products for delivery.

The account receivables increased due to most of the sales volume occurred toward the end of the quarter.

Most of the debts were current liabilities of the normal business operation which consisted of short-term loan from the bank, accounting for 42.65% and the account payables, accounting for 27.77% of the total debts as of the end of quarter 2.

Capital Structure

1.10

0.92

0.50 0.59

0.80

-

0.20

0.40

0.60

0.80

1.00

1.20

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

Debt to Equity Ratio

0.20%

3.17%

10.19%

0.21% 0.81% 0%

2%

4%

6%

8%

10%

12%

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 0.42%

6.08%

15.30%

0.34% 1.53%

0%

5%

10%

15%

20%

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

Return of Asset Return of Equity

Current Ratio

1.18 1.47

1.97 1.71

1.51

0

0.5

1

1.5

2

2.5

Q2/11 Q3/11 Q4/11 Q1/12 Q2/12

4 • Business Performance Goals

37.04% 33.33% 31.58% 30.00%

48.15% 43.33% 43.68% 44.00%

12.35% 19.44%

21.05% 22.00% 2.47%

3.89

8.50%

12.73%

0

200

400

600

800

1000

1200

2012 2013 2014 2015

Other

Export

Local

Government

Customers 2012 2013 2014 2015

Government 300 300 300 300

Local 390 390 415 440

Export 100 175 200 220

Other 20 35 85 140

Total 810 900 1000 1,100

Business Plan and Growth

Order Backlogs As of July 2012, : 548 Million Baht

Government, 218

Local, 245

Export, 85

Contact us : QTC Energy PCL.

2/2 Soi Krungthep Kritha 8 (5)., Krungthep Kritha Rd.,

Huamark., Bangkapi, Bangkok 10240 Thailand. Tel: (66) 0-2379-3089-92 ext 241 Fax: (66) 0-2379-3097