Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q2 2024 Earnings Presentation
18 slides from Tipco Asphalt Public's earnings presentation, Aug 16, 2024
Slide 1: Opportunity Day Q2/2024 Operational Results
Tipco Asphalt Public Company Limited (TASCO) Opportunity Day Q2/2024 Operational Results 16th August 2024 1
Slide 2: Disclaimer
Disclaimer This presentation material has been prepared solely for informational purposes only. TASCO is furnishing it solely for use by prospective investors / analysts in the proposed event. TASCO makes no representations or warranties as to the accuracy or completeness of such information. By acc
Slide 3: Q2 2024 Agenda
Q2 2024 Agenda 01 Financial Performance 02 Q2 2024 Highlights 03 Outlook 04 Q&A 3
Slide 4: Q2 2024 Financial Performance
01 Q2 2024 Financial Performance 4
Slide 5: Sales & Services Revenue and Sales Volume
Sales & Services Revenue and Sales Volume Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Construction Business - Revenue Unit: Mil. Tons Unit: Mil. THB Unit: Mil. THB 2024 2023 2024 2023 2024 2023 27,606 1.12 3,501 8,465 7,206 1,162 0.32 0.23 0.29 0.26 0.25 5,893 6,042 0.22 5,009 5,
Slide 6: Operating Gross Profit
Operating Gross Profit Operating Gross Profit Average Ice Brent Unit: Mil. THB Unit: USD/bbl. 2024 2023 4,138 85.9 85.0 82.7 81.8 1,741 78.0 1,222 343 492 550 625 Q1 Q2 Q3 Q4 Year Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Gross Profit Margin • Gross profit stood at Baht 492 million, reflecting a signi
Slide 7: EBITDA and Net Profit
EBITDA and Net Profit SG&A Unit: Mil. THB %to sales 2024 %to sales 2023 • SG&A for the 2nd quarter Baht 280 million, reduced by 2024 2023 5.3% 5.1% 13.6% as compared with the same period in last year from 4.0% 4.8% the cost management. %SG&A to Sales was 5.1%, slightly 3.5% 4.0% 4.0% 1,262 improved
Slide 8: Key Ratios and Historical Dividend
Key Ratios and Historical Dividend Debt / Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2024 2023 0.56 2024 2023 0.52 0.47 20.2 22.0 19.2 0.40 14.2 16.3 17.8 15.6 7.0 12.2 3.4 6.7 3.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q3 2023 Q4 2023 Q1 2024 Q2 2024 1/ Return is based on sum of last 12 mon
Slide 9: Q2 2024 Highlights
02 Q2 2024 Highlights 9
Slide 10: Q2/2024 Highlight
Q2/2024 Highlight 2024 Government Budget Sales volume breakdown Total THB 180,605 million Unit: Mil. Tons Maintenance Projects THB 86,322 million Construction Projects THB 94,283 million Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 Source : Company Thailand Interna
Slide 11: Asphalt Selling Price vs. Average ICE Brent
Asphalt Selling Price vs. Average ICE Brent 111.8 108.3 100.2 102.9 102.2 99.4 97.4 97.8 88.6 88.4 89.5 88.9 82.2 85.9 81.8 85.0 82.7 78.0 78.4 78.4 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Average Selling Price Average ICE Brent 11
Slide 12: Sustainable Development (SD) updates
Sustainable Development (SD) updates Sustainability framework SD&CG ratings 100% To be announced in Q4 2024 The Company has been assessing material sustainability issues based on the principle of Double Materiality of the European Union’s Corporate Sustainability Reporting Directive (CSRD). 12
Slide 13: Progress on GHG Emissions (Scope 1 & 2)
Progress on GHG Emissions (Scope 1 & 2) Climate Strategic Projects GHG Emission Solar Roof Unit: tCO2e Harnessing sunlight to generate electricity, reducing reliance on conventional power sources for sustainable energy mix. 17,276 15,151 36% Electrical Hot Oil Boiler with Solar Power Replacing diese
Slide 14: Outlook
03 Outlook 14
Slide 15: Outlook
Outlook Feedstock Expected the procurement plan of 1-2 cargoes in 2024 Domestic Market Sales volume resumed in June, and good momentum was expected to continue in Q3. International Market We anticipate sales volume maintained as in 2023 15
Slide 16: Q&A
04 Q&A 16
Slide 17: Tipco Asphalt PLC. (TASCO)
Tipco Asphalt PLC. (TASCO) IR Contact: K. Proud Chettapongsaphan +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com 17
Slide 18: Thank You
THANK YOU www.tipcoasphalt.com 18
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