Sri Trang Agro-Industry Public Co. Ltd. · SET:STA
Sri Trang Agro-Industry Public — Q3 2015 Earnings Presentation
16 slides from Sri Trang Agro-Industry Public's earnings presentation, Nov 25, 2015
Slide 1: Third Quarter 2015 Presentation
Third Quarter 2015 Presentation 25 November 2015 A World Leading Natural Rubber Player
Slide 2: Disclaimer
Disclaimer Certain forward looking statements may be made in the course of the presentation. These forward- looking statements generally can be identified by use of statements that include words or phrases such as STA or We or our management “believe”, “expect”, “anticipate”, ”intend”, ”plan”, ”fore
Slide 3: Q3 2015 Results
ee member of SRI TRANG GROUP 3 2015 Results ember of SRITRANG GROUP)
Slide 4: Financial Highlights
Financial Highlights (THB million) FY’13 FY’14 %YoY Q3’14 Q3’15 %YoY Q2’15 %QoQ Revenue 92,185 75,530 ▼18% 16,812 16,236 ▼3% 15,077 ▲8% Sale volume 1,126,463 1,204,342 ▲7% 284,877 278,908 ▼2% 269,204 ▲4% (tons) Avg. selling price 79,600 60,583 ▼24% 56,756 51,852 ▼9% 50,558 ▲3% (Baht per ton) Gross p
Slide 5: Revenue overview
Revenue overview Revenue breakdown by product (THB mm) Revenue breakdown by geography (THB mm) -3.4% -3.4% +7.7% +7.7% 4
Slide 6: Revenue by Geography and GP per Ton
Revenue by Geography and GP per Ton Revenue breakdown by geography (Tons) Adjusted Gross Profit* per Ton (THB) +27.1% -2.1% -5.8% +3.6% Note*: Adjusted Gross Profit = Gross Profit after adjusting for (reversal) allowance of inventory cost and realised gain (loss) from hedging activities 5
Slide 7: Gross profit and gross profit margin
Gross profit (“GP”) and gross profit margin (“GPM”) Gross Profit Adjusted Gross Profit* THB mm GPM % THB mm Margin % -39.4% +24.4% -56.0% -2.4% * Adjusting for (reversal) allowance of inventory and realised gains /(losses) from hedging activities 6
Slide 8: SICOM Price - F/X - Oil Price Movement
SICOM Price - F/X – Oil Price 3Q14 4Q14 1Q15 2Q15 3Q15 % YoY % QoQ RSS ▼20% ▼18% SICOM Price (US Cent / Kg) Movement TSR ▼17% ▼11% Crude Oil Price Movement (USD / Bbl) Movement THB/USD 7
Slide 9: Earning before tax, net profit and net profit margin
Earning before tax, net profit and net profit margin Earning before interest expense & tax (THB mm) Net profit (THB mm) and net profit margin Share of profits from associates & a Joint Venture % of profits from Net profit Net profit margin % associates & a Joint Operating profits Venture to EBIT -23
Slide 10: Capital expenditure
Capital expenditure Total capital expenditure (Baht mm) Capital expenditure by products (%) Total estimated effective production capacity (million tons) and %utilisation rate 9
Slide 11: Financial ratios
Financial ratios ROA ROE Cash Cycle Debt / equity Net debt / equity Interest Coverage *Annualised basis 10
Slide 12: Our Business & Industry Updates
Our Business & Industry Updates 11
Slide 13: New TSR Plants in 2015
New TSR Plants in 2015 Sa Kaew, Thailand Kalasin, Thailand Mudon, Myanmar Jumbi, Indonesia • Capacity 60,000 tons • Capacity 60,000 tons • Capacity 4,800 tons • Capacity 60,000 tons per annum per annum per annum per annum • Start to produce • Start production in • Start production in • Start product
Slide 14: Target & Capex
Target & Capex 2015 Target CAPEX Plan Production capacity : 1.5 mil tons CAPEX 2015f 2016f (Unit: THB mn.) Sale volume : 1.1 mil tons Capacity expansion 1,220 300 Adj. GP margin : 6-8% Plantation 480 520 Net profit margin : 1.5 - 2.5% Maintenance 420 365 Dividend policy : 30% of net profit Total CAP
Slide 15: Industry Updates
Industry Updates • Normal supply situation • Slower demand growth after El Niño from reducing NR stock phenomenon in second NR Supply throughout the supply NR Demand chain quarter • NR stockpile of Thai • Tyremakers continue to Government continues benefit from low rubber to pressure NR industry pri
Slide 16: Q&A Investor Relations Department
Q&A Investor Relations Department Tel: +662 207 4500 Fax: +662 108 2244 Email: IR@sritranggroup.com 15
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