Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — FY2023 Earnings Presentation
12 slides from Tipco Asphalt Public's earnings presentation, Feb 21, 2024
Slide 1: 1-2024 Analyst Meeting: 2023 Operational Results
Tipco Asphalt Public Company Limited (TASCO) 1-2024 Analyst Meeting 2023 Operational Results 21th February 2024
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: Agenda
Agenda 01 2023 Financial Performance 02 2023 Highlights 03 Outlook 04 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sales & Services Revenue & Sales Volume Asphalt Business • Sales and services stood at Baht 27,605 million, reflecting a decrease of 8.06% from last year due to the Sales Volume lower sales volume in the domestic
Slide 5: Operating Gross Profit
Financial Performance Highlights Outlook Operating Gross Profit Operating Gross Profit Average Ice Brent Unit: Mil. THB 2023 2022 Unit: USD/bbl. 4,138 4,361 111.8 97.4 97.8 88.6 82.2 78 86 82.7 1,741 2,046 1,222 1,049 459 550 807 625 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1
Slide 6: EBITDA and Net Profit
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook EBITDA and Net Profit • SG&A accounted for 4.1% of total sales and services. The Company is SG&A committed to control overhead expenses while improving the operating Unit: Mil. THB 2023 2022 %to sales 2023 %to sal
Slide 7: Key Ratios and Historical Dividend
Financial Performance Highlights Outlook Key Ratios and Historical Dividend Debt/Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % 2023 2022 Unit: % 2023 2022 0.65 0.47 0.52 20.2 22.0 0.40 19.2 15.0 13.3 11.9 11.9 14.2 16.3 17.8 15.6 11.0 9.6 9.9 12.2 12.7 Q3 2022 Q2 2023 Q3 2023 Q4 2023 Q1
Slide 8: 2023 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook 2023 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 111.8 111.0 105.2 105.1 102.7 97.4 106.2 92.4 92.0 89.0 85.4 84.5 97.8 80.1 80.1 92.7 86.0 74.9
Slide 9: 2023 Highlight
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook 2023 Highlight Feedstock • Received 3 feedstock cargos in 2023 Domestic Market • The domestic volume reduction was affected by delay in 2024 government budget disbursement • Continuously benefit from high revenue
Slide 10: Sustainable Development (SD): Key Performance Indicators for 2023
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sustainable Development (SD): Key Performance Indicators for 2023 2023 KPI 2023 Performance Eco-efficiency GHG Emissions Intensity Reduction (Reduce more than 27%) 33% • Zero Number of fatality case (per year) 0 S
Slide 11: Outlook
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Outlook Feedstock • Reduction of procurement plan to 3 cargo in 2024 Domestic Market • 2024 government budget is expected to be disbursed in Q2 2024 International Market • The Company continue to focus on selectiv
Slide 12: Thank you
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Thank you Phone Number +662 273 6642 Any queries, please contact us! Email Address investors@tipcoasphalt.com Website www.tipcoasphalt.com
Tipco Asphalt Public Company — FY2023 Earnings Presentation on 6ix