Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q1 2026 Earnings Presentation
17 slides from Tipco Asphalt Public's earnings presentation, May 15, 2026
Slide 1: Q1/2026 Performance
Q1/2026 Performance
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 accep
Slide 3: Agenda
TASCO 01 Financial Performance 02 Q1/2026 Highlights AGENDA 03 Sustainability 04 Outlook
Slide 4: Financial Performance
TASCO FINANCIAL PERFORMANCE
Slide 5: Revenue and Sales Volume
REVENUE AND SALES VOLUME Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons 2026 2025 Unit: Mil. THB 2026 2025 -1% -2% 6,727 6,780 0.32 6,377 0.28 0.29 0.28 0.29 6,064 5,865 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Construction Business - Revenue Total Revenues Unit: Mil. THB 2026 2025 U
Slide 6: Gross Profit and Selling Price
GROSS PROFIT AND SELLING PRICE Operating Gross Profit Average Selling price Unit: Mil. THB 2026 2025 Unit: USD/bbl. 9% vs Q4 25 9% 797 95.7 730 723 97.3 90.3 91.9 88.2 459 85.0 314 80.8 78.4 78.4 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 Q2 Q3 Q4 Gross Profit Margin (net hedging and N
Slide 7: SG&A and Net Profit
SG&A AND NET PROFIT SG&A %SG&A Unit: Mil. THB 2026 2025 % to sales 2026 %to sales 2025 5.0% 4.7% -7% 4.3% 4.3% 4.3% 4.5% 4.1% 285 306 306 276 290 4.0% 3.8% 3.8% 3.5% 3.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 YTD NET PROFIT EBITDA 2026 2025 Unit: Mil. THB Unit: Mil. THB 2026 2025 -2% 3% 459 852 869 444 786 401 52
Slide 8: Key Financial Ratios and Dividend
KEY FINANCIAL RATIOS AND DIVIDEND Debt / Equity Ratio Return on Equity1/ Return on Asset2/ 2026 2025 Unit: % 2026 2025 Unit: % 0.68 0.59 14.2 0.56 0.54 0.50 11.2 10.5 7.5 7.5 10.2 12.1 9.1 6.9 6.5 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months net p
Slide 9: Q1/2026 Highlights
TASCO Q1/2026 HIGHLIGHTS TIPCO
Slide 10: Q1/2026 Highlights
Q1/2026 HIGHLIGHTS CRUDE The company received one feedstock cargo in January. DOMESTIC MARKET The volume increased as the contractor worked to complete the project within the scheduled timeline. Additionally, a limited supply in the domestic market, resulting from the Hormuz crisis, caused prices to
Slide 11: Sustainability
TASCO SUSTAINABILITY
Slide 12: Q1/2026 Key Performance – Environmental Dimension
Q1/2026 KEY PERFORMANCE – ENVIRONMENTAL DIMENSION % Electricity consumption from renewable energy ELECTRICITY FROM RENEWABLE ENERGY Unit: % • Ongoing development for Solar Roof projects has increased the proportion of electricity consumption from renewable 13.8% energy and contributed to a reduction
Slide 13: Award & Recognition
AWARD & RECOGNITION CSR - DIW CAC • The Group aims to operate its business with social responsibility to build good relationships with communities. • CSR-DIW Award by the Department of Industrial Works is given to establishments that emphasize, promote, and support operations according to the standa
Slide 14: Outlook
TASCO OUTLOOK
Slide 15: Outlook Summary
OUTLOOK SUMMARY Feedstock Domestic Market International Market While crude oil prices continue to exhibit The Thai market is expected to be softer Demand is expected to soften in certain significant volatility, the company is than in the previous quarter, due to the key retail markets, such as Vietn
Slide 16: IR Contact
TASCO IR CONTACT Proud Teuytowong +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com Share your feedback with us by scanning the QR code https://www.facebook.com/tipcoasphalt
Slide 17: Thank You
THANK YOU www.tipcoasphalt.com
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