Tmt Steel Public Co. Ltd. · SET:TMT
Tmt Steel Public — FY2022 Earnings Presentation
26 slides from Tmt Steel Public's earnings presentation, Apr 3, 2023
Slide 1: Opportunity Day Year End 2022
Opportunity Day Year End 2022 April 3, 2023
Slide 2: Agenda
Agenda o TMT Business o 2022 Industry Summary o 2022 Financial Performance & Key Highlights o Information Update o 2023 Outlooks and Challenges
Slide 3: TMT Business
O TMT Business Logistics Oo Integrated Steel Distribution Center Products & Services
Slide 4: Raw Material, Process, Products, Logistics, Customers
Raw Material Process Products Logistics Customers
Slide 5: TMT Business: Classified by Products and Process
TMT Business Classified by Products Classified by Process 18% 42% 46% 54% 40% Steel Sheet 46% Structural Steel 54% Trading 18% Processing 40% Manufacturing 42%
Slide 6: TMT Business: Classified by Business Group
TMT Business Classified by Business Group 4% Wholesaler 43% 12% Modern Trade 6% Mega Project 2% 9% 43% General Construction 9% Fabricator 15% 15% Automotive & Vehicle 9% Industrial Part & Makers 12% 9% 2% 6% Others 4%
Slide 7: Agenda
Agenda o TMT Business o 2022 Industry Summary o 2022 Financial Performance & Key Highlights o Information Update o 2023 Outlooks and Challenges
Slide 8: 2022 Industry Summary
2022 Industry Summary • Russia-Ukraine War • Energy Crisis • Net Zero Policy • Zero-Covid • Steel Consumption • Steel Price
Slide 9: Thailand Apparent Finished Steel Consumption
Thailand Apparent Finished Steel Consumption 29.8% 30 28.4% 28.1% 30.0% 26.4% 25 23.6% 25.0% 21.5% 21.9% 21.2% 20.9 20 20.0% Million Tons 19.1 19.3 18.7 18.2 18.5 15 16.5 16.4 15.0% 10 10.0% 5.2 5.6 5 3.9 4.6 4.1 4.6 4.4 4.6 5.0% 0 0.0% 2015 2016 2017 2018 2019 2020 2021 2022 Total Consumption Total
Slide 10: Agenda
Agenda o TMT Business o 2022 Industry Summary o 2022 Financial Performance & Key Highlights o Information Update o 2023 Outlooks and Challenges
Slide 11: 2022 Financial Performance: Sales Volume
2022 Financial Performance Sales Volume (Ton) 778,755 756,769 757,175 712,101 706,722 2018 2019 2020 2021 2022 YoY -0.76%
Slide 12: TMT Market Share (Hot Rolled Coil)
TMT Market Share (Hot Rolled Coil) 6.0 20.9% 21.8% 25.0% 18.3% 18.9% 11.3% 20.0% 13.3% 13.4% 5.0 11.2% 15.0% 10.0% 4.6 4.6 5.0% 4.0 3.9 0.0% 4.1 -5.0% 3.5 3.2 Million Tons 3.0 3.1 -10.0% 2.8 -15.0% 2.0 -20.0% -25.0% 0.64 0.65 0.62 1.0 0.61 0.61 -30.0% 0.44 0.52 0.54 -35.0% 0.0 -40.0% 2015 2016 2017
Slide 13: Domestic Steel Price (Hot Rolled Coil)
Domestic Steel Price (Hot Rolled Coil) Baht/Ton 40,000 36,300 35,000 35,000 2022 30,000 26,500 2021 25,000 25,000 24,500 20,000 2020 17,300 15,000 10,000 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 2021 2022 Source: ISI
Slide 14: 2022 Financial Performance: Sales Revenue
2022 Financial Performance Sales Revenue (MB) 22,188 21,559 17,370 16,483 14,576 2018 2019 2020 2021 2022 YoY +2.92%
Slide 15: 2022 Financial Performance: Gross Profit and Net Profit
2022 Financial Performance GROSS PROFIT NET PROFIT 7.10% 12.34% 8.68% 6.01% 5.45% 4.48% 3.70% Million Baht Million Baht 1,530 2,661 2.34% 1.40% 1,266 1.09% 1,044 993 538 898 406 230 242 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 YoY -62.69% YoY -84.15%
Slide 16: 2022 Financial Performance: D/E Ratio and Liquidity
2022 Financial Performance D/E Ratio (Times) Liquidity Ratio (Days) 1.85 1.78 1.79 60 1.68 57 54 1.46 51 48 50 50 46 38 37 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Inventory Turnover period Collection period
Slide 17: 2022 Financial Performance: EPS and Profitability Ratio
2022 Financial Performance EPS (Baht) Profitability Ratio (%) 40.76% 1.76 16.90% 0.93 15.01% 15.20% 0.62 7.92% 5.27% 6.08% 7.46% 0.26 0.27 3.22% 2.68% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 ROA ROE EPS for 2017-2018, based on issued and paid-up capital 435,379,017 Baht
Slide 18: 2022 Key Highlights
2022 Key Highlights Operation Expanding Production Capacity for Steel Tube Study Digital Business with TMT’s Products and Stay Flat (Steel Sheet), Installing new Strategic Alliance Certified Made in Thailand machines for new services ESG
Slide 19: Agenda
Agenda o TMT Business o 2022 Industry Summary o 2022 Financial Performance & Key Highlights o Information Update o 2023 Outlooks and Challenges
Slide 20: Information Update: Solar Rooftop
Information Update Solar Rooftop #2 Solar Rooftop Project 2 • Area of 17,055 square meters • Generate electricity 3.782 megawatts • Reduce carbon dioxide emissions by approximately 1,978 tons per year Totaling Projects 1 and 2 • Generate electricity 6.282 megawatts • Reduce carbon dioxide emissions
Slide 21: Information Update: Steel Tube Capacity Expansion
Information Update • FFX Technology (Flexible Forming Excellent) production line, the value of 456 MB • More variety in the Steel Tube size range, up to 10-inch diameter • Increase the production capacity of Steel Tube totaling 400,000 tons/year expected to operate in Q4/24
Slide 22: Information Update: Subsidiary Red Rocco Digital
Information Update A Subsidiary Company Red Rocco Digital Company Limited Incorporation Date March 16, 2023 Type of Business Electronic Commerce Service Provider Registered Capital 30,000,000 Baht (Thirty million Baht) Number of Shares 6,000,000 Shares (Six million shares) Share Value 5 Baht/Share (
Slide 23: Agenda
Agenda o TMT Business o 2022 Industry Summary o 2022 Financial Performance & Key Highlights o Information Update o 2023 Outlooks and Challenges
Slide 24: 2023 Outlooks and Challenges
2023 Outlooks and Challenges • Geopolitical • High Inflation • Economics Slowdown • Environmental Issue-Net Zero • Raw Material Price Volatility
Slide 25: Q&A
Q&A 02-685-4000 #4003 ir@tmtsteel.co.th
Slide 26: Disclaimer
Disclaimer This presentation material has been prepared solely for informational purposes only. TMT is furnishing it solely for use by prospective investors / analysts in the proposed event. TMT makes no representations or warranties as to the accuracy or completeness of such information. By accepti
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