Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — FY2018 Earnings Presentation
15 slides from Tipco Asphalt Public's earnings presentation, Feb 22, 2019
Slide 1: Tipco Asphalt (TASCO) 1-2019 Opportunity Day (FY/2018 Operational Results)
Tipco Asphalt Public Company Limited (TASCO) 1-2019 Opportunity day (FY/2018 Operational Results) 22th February 2019
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 2018 Financial Performance 2 2018 Highlights 3 2019 Outlook 4 Q&A
Slide 4: 2018 Financial Performance: Sales & Services Revenue & Sales Volume
2018 Financial Performance : Sales & Services Revenue & Sales Volume Sales & Services Revenue Unit: Mil. THB 27,632 28,260 • Sales and services stood at Baht 27,632 million, reflecting only a small decrease of 2.22% from last year 8,350 8,212 7,032 9,571 6,535 • Selling price has increased which in
Slide 5: 2018 Financial Performance: Operating Gross Profit
2018 Financial Performance : Operating Gross Profit Operating Gross Profit Unit: Mil. THB • Cost of sales and services in 2018 stood at Baht 24,488 3,478 million or 88.62% (85.31% in 2017) of sales and services 2,364 before the allowance for diminution in value of inventory 1,570 that had been adequ
Slide 6: 2018 Financial Performance: EBITDA & Net Profit
2018 Financial Performance : EBITDA & Net Profit EBITDA Unit: Mil. THB • The Group’s cashflow generated from operations stood at 4,514 Baht 2,457 million compared to the Baht 4,514 million in 2017 2,457 due to decrease in gross profit margin from higher crude oil 1,811 1,169 1,123 price. In addition
Slide 7: Q4 2018 Financial Performance: Debt to Equity Ratio
Q4 2018 Financial Performance : Debt to Equity Ratio Debt/Equity Ratio 0.91 0.93 0.51 0.04 0.02 0.02 Q4 2017 Q3 2018 Q4 2018 Total liabilities/Total equity LT debt/Total equity • The Group’s consolidated debt to equity ratio (D/E ratio) was at 0.93 comparing to 0.51 in 2017 due to the increase in cr
Slide 8: Q4 2018 Financial Performance: Key Ratios and Historical Dividend
Q4 2018 Financial Performance : Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2018 2017 2018 2017 25.9 23.4 24.3 20.0 19.5 19.9 20.3 15.6 12.3 11.2 9.1 8.5 6.2 8.1 4.4 4.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months net profit 2/ Retu
Slide 9: Q4 2018 – Insurance & Construction of New Tanks at KBC Refinery
Q4 2018 – Insurance & Construction of 2 new tanks at KBC refinery Insurance progress • On 31 January 2019, the insurers have recognized their liability under the insurance policy subject to due process of claim • Currently, the management of the Company and insurers are in the process of insurance c
Slide 10: Q4 2018 - Highlights
Q4 2018 - Highlights Crude • Supply of crude has returned to normal with 3 crude cargos received during the Q4 2018 • Total 9 crude cargos received in 2018 due to disruption in the first half of the year Domestic Market • Q4 2018 sales volume remain strong in line with domestic demands (High season)
Slide 11: Asphalt Selling Price vs. Ice Brent Price
Asphalt Selling Price vs. Ice Brent Price Unit: USD/barrel 100.0 Avg. asphalt selling price Avg. Ice Brent price 89.5 80.1 80.0 70.1 74.9 76.0 67.2 77.1 60.0 61.5 68.1 57.3 71.2 60.0 51.1 54.7 50.9 52.2 63.6 63.3 63.5 45.8 46.9 47.1 62.2 55.2 57.9 51.2 53.8 40.0 45.3 48.2 44.7 38.0 34.7 37.4 38.5 20
Slide 12: Highlights: Asphalt Volume & Asphalt Revenue Structure
Highlights : Asphalt Volume & Asphalt Revenue Structure Asphalt sales volume by market Unit: % Main International Markets Domestic International 0.41 0.38 0.491/ 1.54 China Mil tons Mil tons Mil tons Mil tons 66% 76% 74% 70% Vietnam 34% 24% 26% 30% Q4 2017 Q3 2018 Q4 2018 2018 Asphalt Revenue (Exc.
Slide 13: 2019 Outlook – Crude & Refinery
2019 Outlook – Crude & Refinery Crude • In 2019, TASCO expects to receive 12 crude cargos per long term supply contract • 3 crude cargos will be received within Q1 2019 Refinery • the management and insurers are in the process of insurance claim assessment since the recognition of insurance liabilit
Slide 14: 2019 Outlook – Domestic & International market
2019 Outlook – Domestic & International market Domestic Market • FY2019 Government budget (Road construction related) increase slightly as compared to that of FY2018 • Demands for premium products remain robust during Q1 2019 International Market • International sales volumes continue to remain stro
Slide 15: Thank You
THANK YOU www.tipcoasphalt.com
Tipco Asphalt Public Company — FY2018 Earnings Presentation on 6ix