Sahamitr Pressure Container Public Co. Ltd. · SET:SMPC
Sahamitr Pressure Container Public — FY2020 Earnings Presentation
39 slides from Sahamitr Pressure Container Public's earnings presentation, Mar 4, 2021
Slide 1: Opportunity Day 2020 Presentation
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Opportunity Day 2020 Presentation https://www.smpcplc.com Presented by: Mr. Surasak Urpsirisuk Mrs. Patama Laowong Mr. Jerawut Laowong 4 March 2021
Slide 2: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 1 Opportunity Day
Slide 3: Agenda: SMPC Overview
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview • Profile • Products • Process 02 Industry Overview 03 Financial Highlights 04 Business Outlook 2 Opportunity Day
Slide 4: Years Anniversary: The Best Cylinder Manufacturer Since 1981
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile YEARS ANNIVERSARY THE BEST CYLINDER MANUFACTURER SINCE 1981 3 Opportunity Day
Slide 5: SMPC Overview: Profile
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile 4 Opportunity Day
Slide 6: SMPC Received 5-Star Rating for the Corporate Governance of 2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile SMPC Received 5-Star Rating for the Corporate Governance of 2020 On November 19, 2020, Sahamitr Pressure Container Plc. (SMPC) received the highest rating, or ‘Excellent’ on the Corporate Governance Report (CGR) of Thai Li
Slide 7: Efficiency Improvement
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Efficiency Improvement • Rearrange warehouse area by moving finished goods warehouse to new area and renovate existing warehouse to raw materials warehouse • Factory 2 and 3 expansion • New Loading Area 6 Opportunity Day
Slide 8: Production Process Improvement: Solar Rooftop
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED IV. Business Outlook Production Process Improvement Solar Rooftop Solar Cell on Rooftop Solar rooftop was approved by BOI and it will be ready to use in 2021 7 Opportunity Day
Slide 9: Production Process Improvement: Automated Spud Welding Line
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED IV. Business Outlook Production Process Improvement Automated Spud Welding Line Production Fully Automated Spud Welding Line Production in Factory 1 The Automated Spud Welding machines are initially used in Factory 1. For now, the production departm
Slide 10: Key Milestones
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile Key Milestones “SMPC has continuously developed its business since its establishment to be one of the world-leading manufacturers in liquefied petroleum gas (LPG) cylinder business” YEARS OF TRUST • Established by the “Eka
Slide 11: 2021 International Exhibitions
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile 2021 International Exhibitions Nigeria, 23-24 Jun 2021 Brazil, 1-3 Sep 2021 Tanzania, 24-26 Mar 2021 Ghana, 28-30 Jun 2021 Singapore, 13-16 Sep 2021 Bangladesh, 3-4 Oct 2021 Dubai, 5-9 Dec 2021 Mar Apr Jun Jul Sep Oct Nov
Slide 12: World-Class Cylinder Manufacturer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile World-Class Cylinder Manufacturer “Currently, SMPC is still maintain its marketing position as one of the Top 3 LPG cylinder manufacturers in global market with various customers based in almost 100 countries” List of Top
Slide 13: Business Key Success Factors
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Profile Business Key Success Factors “Experienced in LPG cylinder business about 40 years, SMPC, currently, is one of the world-leading manufacturer who offers variety of products and service with excellent quality assurance” 1 2
Slide 14: Megatrends Towards Sustainability for SMPC
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED IV. Business Outlook 5 Megatrends Towards Sustainability for SMPC Human Development Digitization • Reskill Employees for Expanded Products & Manufacturing Process • Business Creativity to Widen Customer Reach • Collaboration • Virtual Meeting / Virt
Slide 15: Wide Ranges of Product Coverage
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED I. SMPC Overview : Products Wide Ranges of Product Coverage Household LPG Cylinder 0.45 - 300 kg. (Water Capacity 0.9 – 1,000 lt.) Automotive LPG Cylinder Cylindrical Autogas Tanks Toroidal Autogas Tanks Other Cylinders Air Receivers 2 Piece Cylinde
Slide 16: Agenda: Industry Overview
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview • Overview • Growth Opportunities • Campaign 03 Financial Highlights 04 Business Outlook 15 Opportunity Day
Slide 17: About the Industry
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED II. Industry Overview About the Industry Production Consumption 16 Source: WLPGA Annual Report 2020 Opportunity Day
Slide 18: Industry Overview
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED II. Industry Overview Industry Overview Sales revenue continent 2019 2020 %change Asia 21% 25% +4% N. America 23% 26% +3% S. America 0% 1% +1% Middle east 5% 4% -1% • 2020 global LPG demand dropped 2%. Still very resilience compared to other fuels.
Slide 19: Predicted Global LPG Consumption by Region 2010-30
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED II. Industry Overview Predicted Global LPG Consumption by region 2010-30 • Predicted global LPG consumption is gradual growth each year, in short to intermediate term, so there are opportunities for SMPC to grow. • Thermal efficiency of LPG and tran
Slide 20: Predicted World LPG Domestic Consumption per Capita
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED II. Industry Overview Predicted World LPG domestic consumption per capita 19 Room for Household LPG Demand Growth in Emerging Markets Source: Argus 2020 Opportunity Day
Slide 21: Agenda: Financial Highlights
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights • Utilization Rate • Sales Revenue • Financial Ratios 04 Business Outlook 20 Opportunity Day
Slide 22: Operational Statistics: Utilization Rate 1Q19-4Q20
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Utilization Rate Operational Statistics Utilization Rate (%) 1Q19-4Q20 Sales Volume (Million Cylinders) Utilization Rate Capacity 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 (million cylinder) Per Year 10.0 10.0 10.0 10.0 10.
Slide 23: Operational Statistics: Utilization Rate 2015-2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Utilization Rate Operational Statistics Utilization Rate (%) 2015-2020 Sales Volume (Million Cylinders) Utilization Rate • Sale Volume of 2020 increased from prior year because high demand from Customers in South Asia and
Slide 24: Sales Revenue by Product Category 1Q19-4Q20
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sales Revenue by Product Category : 1Q19-4Q20 Sales Revenue (Million Baht) 4Q20 1,093 956 979 945 906 844 779 727 979 million baht 23 Opportunity Day
Slide 25: Sales Revenue by Product Category 2015-2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sale Revenue by Product Category : 2015 –2020 Sales Revenue (Million Baht) 2020 4,453 4,330 3,973 3,472 3,256 2,829 3,973 million baht 24 Opportunity Day
Slide 26: Sales Revenue by Geography 1Q19-4Q20
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sales Revenue by Geography : 1Q19 – 4Q20 Sales Revenue (Million Baht) 4Q20 1,093 979 945 956 906 844 779 727 979 million baht 25 • Asia, North America and Africa are the major
Slide 27: Sales Revenue by Geography 2015-2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sales Revenue by Geography : 2015 – 2020 Sales Revenue (Million Baht) 2020 4,453 4,330 3,973 3,472 3,256 2,829 3,973 million baht 26 Opportunity Day
Slide 28: Financial Ratios: Margins and Profit 1Q19-4Q20
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) GPM, EBITDA Margin and NPM (%) 1Q19-4Q20 Gross Profit, EBITDA and Net Profit (MB) 1Q19-4Q20 • Compare to prior period, GPM, EBITDA Margin and NPM of 4Q20 decreased because
Slide 29: Financial Ratios: Margins and Profit 2015-2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) GPM, EBITDA Margin and NPM (%) 2015-2020 Gross Profit, EBITDA and Net Profit (MB) 2015-2020 * • Compare to prior year, GPM, EBITDA Margin and NPM of 2020 increased because
Slide 30: IBD Ratios and Interest Coverage 1Q19-4Q20
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht), 1Q19-4Q20 Interest Coverage Ratio (times) 1Q19-4Q20 Times million baht Times • Interest Co
Slide 31: IBD Ratios and Interest Coverage 2015-2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht), 2015-2020 Interest Coverage Ratio (times) 2015-2020 million baht Times Times • Interest Co
Slide 32: Asset Turnover, ROE and ROA 1Q19-4Q20
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) Fixed Asset Turnover and Asset Turnover (Times) ROE and ROA (%) 1Q19-4Q20 1Q19-4Q20 • ROE and ROA of 4Q20 decreased from prior period because of a decrease in net income fo
Slide 33: Asset Turnover, ROE and ROA 2015-2020
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) Fixed Asset Turnover and Asset Turnover (Times) ROE and ROA (%) 2015-2020 2015-2020 • Asset Turnover of 2020 is higher than prior year because the company keep cash as work
Slide 34: Dividend Payment History
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Dividend Dividend Payment History 2014 2015 2016 2017 2018 2019 2020 FS publication day 12/02/2015 11/02/2016 15/2/2017 14/2/2018 12/02/2019 21/02/2020 15/02/2021 Price per share 7.58 11.00 16.60 13.40 12.10 5.65 11.70 Wa
Slide 35: Dividend Payment Timeframe
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Dividend DIVIDEND PAYMENT TIMEFRAME AGM APPROVAL XD RECORD DATE PAYMENT DATE START END XD 31 Mar 2021 7 Apr 2021 8 Apr 2021 30 Apr 2021 34 Opportunity Day
Slide 36: Agenda: Business Outlook
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 35 Opportunity Day
Slide 37: 2021 Target and Future Growth Strategy
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED IV. Business Outlook 2021 Target and Future Growth Strategy Projected Sales Volume (million cylinders) Projected Utilization (%) Capacity 2011-2013 2014 2015-2016 2017 2018 2019-2020 2021 F2022 (million cylinder) Per Year 5.0 5.5 6.2 7.7 8.7 10.0 10
Slide 38: Disclaimer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Disclaimer This document is addressed solely to participants of the meeting for the purposes of their information only and is not to be distributed, in whole or in part, to any other person without prior written consent of Sahamitr Pressure Containe
Slide 39: Thank You
THANK YOU 0-2895-4139-54 Info@smpcplc.com https://www.smpcplc.com 38
Sahamitr Pressure Container Public Company — FY2020 Earnings Presentation on 6ix