Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q1 2017 Earnings Presentation
15 slides from Tipco Asphalt Public's earnings presentation, May 16, 2017
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 2-2017 Analyst meeting
Tipco Asphalt Public Company Limited (TASCO) 2-2017 Analyst meeting 16th May 2017 บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited
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 1 Q1 2017 financial Performance 2 Q1 2017 Highlight 3 Q2 2017 Outlook บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited 2
Slide 4: Financial Performance: Sales & Services Revenue vs. Sales Volume
Q1 2017 Financial Performance : Sales & Services Revenue vs. Sales Volume Sales & Services Revenue Unit: Mil. Baht 8,350 • Sales and services stood at Baht 8,350 6,604 7,141 million, reflecting an increase of 26.44% 5,500 from the same period of last year. 4,793 • This increase was mainly attributab
Slide 5: Financial Performance: Operating Gross Profit
Q1 2017 Financial Performance : Operating Gross Profit Operating Gross Profit • Cost of sales and services in the 1st quarter Unit: Mil. THB 2017 stood at Baht 6,664 million or 1,657 79.81% (78.91% in corresponding quarter 1,570 1,594 in 2016) of sales and services before the allowance for diminutio
Slide 6: Financial Performance: EBITDA & Net Profit
Q1 2017 Financial Performance : EBITDA & Net Profit EBITDA Unit: Mil. THB • The Group cash flow generated from 2,286 operations stood at Baht 1,811 million 1,811 compared to Baht 2,286 million in 1,233 corresponding period in 2016. This cash 735 flow reflects a robust cash generation 474 from the Gr
Slide 7: Financial Performance: Debt to Equity Ratio
Q1 2017 Financial Performance : Debt to Equity Ratio Debt/Equity Ratio 0.60 0.59 0.60 0.20 0.10 0.06 Q1 2016 Q4 2016 Q1 2017 Total debt/Total equity LT debt/Total equity • The Group’s consolidated debt to equity ratio (D/E ratio) remained low at 0.60 บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphal
Slide 8: Financial Performance: Key Ratios and Historical Dividend
Q1 2017 Financial Performance : Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 56.1 40.6 46.1 33.8 33.1 25.9 25.9 27.7 21.4 20.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months net profit 2/ Return is based on sum of last 12 months net pro
Slide 9: Highlights
Q1 2017 Highlights Crude • Average Brent price grew from USD 51.13 per barrel in Q4 2016 to make up USD 54.66 per barrel in Q1 2017. Our hedging strategy mitigates the risk of sudden increase in the crude price Refinery • High reliability at 99.8% บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt P
Slide 10: Highlights: Domestic and International Market
Q1 2017 Highlights: Domestic and International Market Domestic Market • Total asphalt product volume went down by 14% as compared to Q1 2016. However, it has improved comparing to Q4 2016. Domestic market performance was very well because of high domestic asphalt selling price International Market •
Slide 11: Highlights: Asphalt Selling Price vs Ice Brent
Q1 2017 Highlights: Asphalt Selling Price vs Ice Brent Unit: USD/barrel 120.0 107.9 109.7 Avg. asphalt selling price Avg. Ice Brent 103.4 100.0 89.5 99.7 94.2 80.1 90.9 80.0 70.1 77.1 60.0 57.3 54.7 60.0 63.5 46.9 51.1 45.8 47.1 55.2 53.8 40.0 51.2 44.7 38.0 37.4 38.5 34.7 20.0 0.0 Q1 Q2 Q3 Q4 Q1 Q2
Slide 12: Highlights: Asphalt Volume & Asphalt Revenue Structure
Q1 2017 Highlights : Asphalt Volume & Asphalt Revenue Structure Asphalt sales volume concentration by market Unit: % Main International Markets Domestic International 0.57 0.60 0.53 Mil tons Mil tons Mil tons China 73% 71% 71% Vietnam 27% 29% 29% Q4/2016 Q1 2016 Q1 2017 Asphalt Revenue (Exc. Non asp
Slide 13: Q2 2017 outlook – Refinery and marine
Q2 2017 outlook – Refinery and marine Crude • Long-term crude supply agreement until 2020 Refinery • High refining capacity utilization, the Group continued to enjoy high efficiency in fuel consumption and production cost • Maintain high reliability at 99.8% Marine • 10 owned vessels and 4 time char
Slide 14: Q2 2017 outlook – Domestic and International Market
Q2 2017 outlook – Domestic and International Market Domestic Market • Strong demand due to additional provincial budget International Market • Explore new opportunity in East Malaysia and Philippines • International market demand has softened slightly at lower price but stable, after the rapid price
Slide 15: Q&A
Q&A บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited 14
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