Civil Engineering Public Company Limited sells IPO shares at 4.60 baht per share

Civil Engineering Public Company Limited sells IPO shares at 4.60 baht per share

Date 18 Jan 2022 at 10:22 p.m.

Civil Engineering Public Company Limited or CIVIL has set the IPO price at 4.60 baht per share, ready for investors to subscribe from 19-21 Jan.

Mr. Piyadit Asawasirisuk, Chief Executive Officer of CIVIL, said that the company is a leader in civil engineering and integrated construction. With more than 50 years of experience and expertise from the development of more than 1,000 large-scale construction projects and major infrastructure projects of the country, covering from rail works, double-track railways and high-speed trains airport work dams and reservoirs Industrial estates and other infrastructure construction, etc. Throughout the past, CIVIL has delivered quality, safe construction projects under the specified budget. Therefore, it has been entrusted by government agencies to be registered as the highest contractor in various fields. reflecting the potential of CIVIL’s efficient management of large-scale construction projects, improving the quality of life Help drive the economy and society to grow sustainably.

such success It is derived from the competitive advantages of CIVIL that prioritizes ESG for sustainable corporate development. with the availability of personnel with expertise in civil engineering Machinery and equipment and owns 11 construction parts factories located in strategic locations of the country. Help support good project cost management. and most importantly, bringing innovations in modern technology to affect competitiveness in all aspects, such as bringing information technology systems to help planning Track and analyze construction costs from start to finish of the project. Ready to use technology, equipment, modern machines that are suitable Increase project management efficiency, resulting in Economy of Speed, reducing project time and cost. including adopting modern management principles Emphasis on flexibility (Agility) and flexibility (Resilience) to increase the ability to manage the construction of various types and sizes of projects Balance the operations of the construction business and construction project management. conducive to generating good returns on project performance

As well as the production and distribution of construction materials, the Company has applied technology to the production sector of the precast concrete factory. ready mix concrete asphaltic concrete Prestressed concrete and corrugated steel railings to protect cars and sewers. as well as the renewal of the limestone mining concession certificate It is the main raw material in cement construction and production, giving CIVIL a good cost management advantage in construction projects. It also creates a good growth opportunity from selling construction material parts to the Company’s partners. while the business group provides real estate services and machine tool rental. that rents office building space and machine tools Create maximum benefits for business operations and allow business partners to grow together. and in line with the world’s sharing economy trend

Mr. Piyadit said that the company has continuously developed its business capabilities. To become a leading construction company with sustainable growth By bringing the potential of CIVL’s business operations to enhance the quality of life and contributing to the continuous expansion of the Thai economy. with modern technology and construction methods with modern machinery and equipment to help manage the project effectively Increase the opportunity to manage large-scale infrastructure construction from the government sector. Both the form of bidding for the project and joining hands with business partners to jointly manage the project for maximum efficiency. or joint investment between the public and private sectors (PPP) that helps create cash flow stability for stable and sustainable business operations

In this regard, the company brings its strengths to expand to private sector customers and creates opportunities for various project management jobs. Increasing the rate of return on construction project management and ready to expand into businesses related to construction business Responding to the needs of the expanding industry and creating the best revenue balance for CIVIL’s business operations.

Kowit Nuengsuk, Chief Financial Officer of CIVIL, said that the 2019-2020 performance has been a success to drive continued growth. with total revenue of 3,210 million baht in 2019 and increased to 4,130 million baht in 2020, while in the first 9 months of the year 2021 (January-September) total revenue was 3,736 million baht compared to the same period of 2020. with total revenue of 2,999 million baht, with the proportion of revenue coming from the construction business group of more than 90 percent of total revenue, which has a remarkable growth rate from 2,950 million baht in 2019 to 3,752 million baht in 2020 and During the first 9 months of 2021, revenue from the construction business group was at 3,532 million baht, an increase from the same period of the previous year with revenue of 2,719 million baht, representing a growth of 30% with the value of construction contracts awaiting delivery. Give (Backlog) including projects that are the lowest bidder until the end of December 2021 approximately 16.8 billion baht, reflecting the business potential and good growth opportunities of the company in the future.

At the same time, CIVIL’s gross profitability and net profit margins in the construction business are outstanding, above the average rates of listed construction companies. with a gross profit margin of 14.60% in 2019 and 9.28% in 2020; in the first nine months of 2021, the gross profit margin was 11.08%, reinforcing the approach to project diversification; Balance the project value and return and optimize the organization’s resource allocation. and take advantage of all competitive advantages to increase the speed and accuracy of project implementation. make good cost management As a result, net profit in 2019 was at 141 million baht and 87 million baht in 2020, and in the first 9 months of 2021 was at 170 million baht, or a net profit margin of 4.38 percent, 2.10% and 4.56 respectively

Mr. Pichet Sithi-Amnuai, Managing Director Bualuang Securities Public Company Limited, as a financial advisor and underwriter and underwriter, said that from presenting CIVIL’s operational plans and growth potential to institutional investors, it was found that Company Strong business background based on years of experience and expertise in the industry. Recognized by government agencies, registered as a top-tier construction contractor and outstanding for efficient construction project cost management. by bringing technology to drive management in many dimensions, including having its own construction material factory It helps to increase the opportunity for growth from the administration of large-scale infrastructure construction projects of the government sector and to expand the private customer base. Ready to bring technology to help expand various types of building materials business. Build revenue stability and continuously drive gross profit and net profit margin.

Therefore, the IPO price of Civil Engineering Public Company Limited is set at 4.60 baht per share, ready for investors to subscribe during January 19-21, 2022 and expect to bring in CIVIL shares. Listed on the Stock Exchange of Thailand around January 27, 2022. CIVIL will use the proceeds from this fundraising. to invest more in machinery and equipment used in the construction to increase the efficiency of the construction project management to be more diversified The rest is used to pay off loans from financial institutions and used as working capital for business operations. This contributes to the strengthening of the financial status and the increase of business potential in the management of construction projects to support the growth of the industry. to drive stable and sustainable growth