Gfpt Public Co. Ltd. · SET:GFPT
Gfpt Public — Q2 2025 Earnings Presentation
39 slides from Gfpt Public's earnings presentation, Aug 14, 2025
Slide 1: 2Q2025 Analyst Meeting
2Q2025 14 August 2025 GFPT Public Company Limited Analyst Meeting No. 3/2025 | 14 August 2025 | page 1
Slide 2: Disclaimer and forward-looking statements
This presentation contains summary information about GFPT Public Company Limited (“GFPT” or “the Company”) and its subsidiaries (jointly the “GFPT Group”) as at 30 June 2025 and, unless stated otherwise. The information does not purport to be complete or comprehensive. This presentation contains for
Slide 3: Agenda
GFPT Profile 2Q2025 Financial Results Broiler Industry Outlook FY2025 Guidance Q&A Appendix: Key Statistics Analyst Analyst Meeting Meeting No.No. 3/2025 3/2025 | 14 | 14 August August 2025 2025 3 3 | page | page
Slide 4: GFPT Public Company Limited profile
GFPT Public Company Limited (TB:GFPT), founded in 1981 with headquarters in Bangkok, Thailand, is one of Thailand’s chicken processors and marketers. We are specialized in fully vertical integrated chicken production starting from feed mill, grandparent breeder farm, parent breeder farm, broiler far
Slide 5: Commitment to responsible food production
GFPT is committed to being a trusted and responsible food producer, delivering high-quality, nutritious chicken products through a fully integrated, sustainable, and ethical production process. We integrate the Triple Bottom Line (TBL) framework to create balance between People, Planet, and Profit,
Slide 6: Analyst Meeting No. 3/2025 | 14 August 2025 | page 6
Analyst Meeting No. 3/2025 | 14 August 2025 | page 6
Slide 7: Supported Sustainable Development Goals
GFPT supported Sustainable Development Goals (SDGs) which was incorporated in the Company's objectives and operations. Analyst Meeting No. 3/2025 | 14 August 2025 | page 7
Slide 8: Awards and ratings
“Excellent” rating from the CGR (Corporate Governance Report of Thai Listed Companies) Anti – Corruption Certified to be a member of CAC (Collective Action Coalition) The Company received the Quality Best Investor Relations SWA Top Performance Cobb Champion Outstanding Entrepreneur Assessment of AGM
Slide 9: Shareholding Structure and Top 5 Shareholders
Symbol GFPT Shareholding Structure sSET as of 6 March 2025 Industry / Sector Agro & Food Industry / Agribusiness 2024 CG Score Excellent [90 – 100 CG Report Score] Anti – Corruption Certified to be a member of CAC Closed Price THB 9.70 per share (31/07/2025) Average Price THB 9.41 per share (2Q 2025
Slide 10: GFPT group structure
GFPT GFPT Public Company Limited Chicken Evisceration and Processed Food 5 Subsidiaries 2 Joint Ventures Keystone Foods Inc. [51%] McKey | 49.00% McKey Food Services (Thailand) Ltd. Frozen Processed Food KT | 98.33% FKT | 99.99% GFF | 99.99% Krungthai Food PCL. Krungthai Farm Co., Ltd. GF Foods Co.,
Slide 11: Analyst Meeting No. 3/2025 | 14 August 2025 | page 11
Analyst Meeting No. 3/2025 | 14 August 2025 | page 11
Slide 12: GFPT history and expansion milestones
Additional Capital Injection in GFN 2012 GFPT: Stock split from Invest additional GFPT Initially established GFPT Listed in SET THB 10 to THB 1 per share share in KT 1981 1992 2010 2020 Become a Fully Vertical Integration JV Partnership & Extended Integration & Cook Product Organic Growth with Capac
Slide 13: Future Project
Future Project Water Reservoir New slaughter house capacity at 150,000 birds per day New Poultry Processing and Fully-Cooked Food Plants Raising capacity to reach 340,000 birds per day Project, Chonburi Expansion of the New MKS Broiler Farm Cooked product for export capacity at 30,000 MT per year No
Slide 14: Products and services
Chicken Parts and Meat [Bone-in, Boneless, Cut-up, Marinated] Cage Free Eggs DOC Live Broiler Animal Feed [Pig, Layer Hen, Duck, Cow, etc.] Cooked Product [Fully Cooked, Par-fried, Breaded, Steamed, Roasted] Shrimp Feed Processed Food [Sausage, Smoke Sausage, Chicken Meatballs] [Grandparent farm, Br
Slide 15: FY2024 Consolidated Revenue and breakdown
FY2024 Consolidated Revenue = THB 19.31 billion Revenue by Segment + 2% 19,314 Farm 18,000 33% 15,000 Food 12,000 50% 9,000 6,000 Feed 17% 3,000 - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue by Destination Revenue by Currency Revenue by Product D
Slide 16: 2nd in Thai Chicken Export, 6th in Production
2nd in Thai Chicken Export 6th in Thai Chicken Production GFPT GFPT Group Group 6% 13% Export by Destination Export by Product Type Others 7% EU 12% UK 30% Raw Cooked China 42% 58% 14% Malaysia 16% Japan 21% Source: Thai Broiler Processing Exporters Association Note: 2024 Thai Broiler Production = 1
Slide 17: Analyst Meeting No. 2/2024 | 9 MAY 2024 | page 17 Analyst Meeting No.
Analyst Meeting No. 2/2024 | 9 MAY 2024 | page 17 Analyst Meeting No. 3/2025 | 14 August 2025 | page 17
Slide 18: 2Q2025 Revenue Breakdown by Segment
2Q2025 Consolidated Revenue = THB 4.88 billion 2Q2025 Revenue Breakdown by Segment Business Segment of 2Q2025 2Q2024 Change GFPT Group THB million % THB million % THB million % Food (Chicken Processing) 2,325.61 47.65 2,441.96 50.47 (116.35) (4.76) Farm 1,757.14 36.00 1,545.72 31.94 211.42 13.68 Fee
Slide 19: 2Q2025 income statement
(Unit in THB million) 2Q2024 %Sales 2Q2025 %Sales Change % Change Revenue from sales 4,838.61 100.00% 4,880.84 100.00% 42.23 0.87% Cost of sales (4,149.28) (85.75%) (4,064.74) (83.28%) (84.54) (2.04%) GROSS PROFIT 689.33 14.25% 816.10 16.72% 126.77 18.39% Other income 82.39 1.70% 91.72 1.88% 9.33 11
Slide 20: 6M2025 income statement
(Unit in THB million) 6M2024 %Sales 6M2025 %Sales Change % Change Revenue from sales 9,365.45 100.00% 9,530.31 100.00% 164.86 1.76% Cost of sales (8,107.90) (86.57%) (8,062.16) (84.59%) (45.73) (0.56%) GROSS PROFIT 1,257.56 13.43% 1,468.15 15.41% 210.60 16.75% Other income 173.88 1.86% 173.95 1.83%
Slide 21: Gross profit, EBITDA and net profit margins
Gross Profit & GP Margin (%) EBITDA & EBITDA Margin (%) 3,500 15.7% 16.7% 18% 4,500 24.4% 24.1% 27% 15.5% 22.7% 14.7% 14.2% 14.0% 4,000 21.0% 21.7% 24% 3,000 13.8% 12.8% 20.6% 20.1% 15% 19.0% 11.5% 3,500 16.8% 21% 2,500 12% 3,000 18% 2,000 7.8% 2,500 11.2% 15% 9% 1,500 2,000 12% 6% 1,500 9% 1,000 1,
Slide 22: EPS, ROA, dividend and payout ratio
EPS (THB per share) Return on Asset (%) 2,500 1.63 1.57 174% 171% 30,000 12% 168% 165% 162% 159% 156% 153% 9.2% 9.6% 150% 147% 144% 25,000 2,000 1.10 141% 138% 135% 132% 6.9% 7.6% 9% 1.08 129% 126% 123% 120% 0.95 117% 114% 111% 108% 20,000 6.5% 1,500 105% 102% 99% 96% 93% 5.6% 90% 87% 84% 15,000 6%
Slide 23: Selected balance sheet items: assets
Selected Items (Unit in THB million) FY2024 Jun 2025 Change % Change Cash and Cash Equivalents 2,101.40 3,183.76 1,082.36 51.51% Trade and Other Current Receivables 1,071.04 1,186.16 115.12 10.75% Inventories 3,499.51 2,937.08 (562.44) (16.07%) Current Biological Assets 640.29 655.47 15.18 2.37% Oth
Slide 24: Selected balance sheet items: liabilities and equity
Selected Items (Unit in THB million) FY2024 Jun 2025 Change % Change Short - Term Loans from Financial Institutions 770.00 270.00 (500.00) (64.94%) Short - Term Loans from Related Persons 180.00 230.00 50.00 27.78% Trade and Other Current Payables 1,190.70 1,559.33 368.62 30.96% Other Current Liabil
Slide 25: Selected EBITDA and cash flow items
Selected Items (Unit in THB million) 2Q2024 2Q2025 Change % Change EBIT 686.78 739.39 52.61 7.66% Depreciation - Grandparent & Parent Chickens 201.73 205.26 3.54 1.76% Depreciation & Amortization 210.36 230.88 20.51 9.75% EBITDA 1,098.86 1,175.53 76.67 6.98% Net Cash Received from Operating Activiti
Slide 26: Total assets and book value per share
2Q2025 Total Assets = THB 27.25 billion Book Value (THB per share) 30,000 25,000 15.55 16.37 1719% 1716% 1712% 1709% 1705% 1702% 1698% 1695% 1692% 1688% 1685% 1681% 1678% 1674% 1671% 1668% 1664% 1661% 1657% 1654% 1650% 1647% 1643% 1640% 1637% 1633% 1630% 1626% 1623% 1619% 14.15 1616% 1612% 1609% 160
Slide 27: Interest-bearing debt and Debt to EBITDA
2Q2025 Interest-Bearing Debt = THB 3.97 billion Debt to EBITDA (THB million) 5,000 4.26 498% 495% 492% 489% 486% 483% 480% 477% 474% 471% 468% 465% 462% 459% 456% 453% 450% 447% 444% 441% 438% 435% 432% 429% 426% 423% 420% 417% 414% 411% 4,000 408% 405% 402% 399% Short-Term Loans 500 396% 393% 390%
Slide 28: FY2025 Capital Expenditure
Investment (million THB) 1,567 1,264 1,120 1,120 1,242 1,179 882 581 610 609 611 682 742 539 2018 2019 2020 2021 2022 2023 2024 Breeder Stocks Fixed Assets FY2025 Capital Expenditure 1-1.2 Billion ➢ Broiler Farm ➢ Breeder Farm ➢ Primary Plant Analyst Meeting No. 3/2025 | 14 August 2025 | page 28
Slide 29: Analyst Meeting No. 3/2025 | 14 August 2025 | page 29
Analyst Meeting No. 3/2025 | 14 August 2025 | page 29
Slide 30: Thailand and global broiler production and export
THAILAND Thai Broiler Export by Destination Others The 7th Global Chicken Producer 20% Japan 2024 broiler production = 3,490,000 Metric tons 40% China 9% The 4th Global Chicken Exporter EU 2024 broiler meat export = 1,170,000 Metric tons 14% UK 17% Broiler Meat Production & Export Selected Countries
Slide 31: Thai broiler export by product and market
1,400,000 Change Change 2022 2023 2024 22 / 23 23 / 24 2024 MT Mil. Baht MT Mil. Baht (%) MT Mil. Baht (%) 1,224,343 MT 1,200,000 Product - Raw 396,070 46,360 514,853 53,115 30.00 564,611 58,014 9.66 - Further (Cooked) 643,711 102,553 582,593 93,752 (9.50) 659,732 103,051 13.24 Total 1,039,781 148,9
Slide 32: Global production, import, export and consumption
Global Production [Y2024 = 103,724,000 Metric Tons] Global Import [Y2024 = 11,273,000 Metric Tons] USA 21,343 Japan 1,143 China 15,350 Mexico 1,021 Brazil 15,000 UK 977 EU 11,530 EU 730 Russia 4,910 Saudi Arabia 607 Mexico 3,990 Iraq 551 Thailand 3,490 Philippines 501 Turkey 2,512 China 477 Argentin
Slide 33: Broiler, corn, soybean meal and export prices
Corn & Soybean Meal (THB/Kg.) Broiler at Farm Gate (THB/Kg.) 27.0 24.0 21.7 21.6 50.0 44.0 20.7 43.5 42.3 19.7 40.6 40.3 41.0 40.7 41.4 21.0 19.3 18.4 36.9 SBM 17.6 40.0 35.4 34.9 18.0 16.0 15.2 40.2 13.7 14.0 37.1 37.9 38.4 38.0 15.0 30.0 36.4 34.8 33.7 33.4 31.8 33.0 12.0 Corn 9.0 12.3 12.1 12.0 2
Slide 34: Industry outlook: strengths and risks
+ Globally Recognized Food Safety Standards - Animal Disease Outbreaks & Hygiene Risk + Growing Poultry Demand - Global Market Competition + Cooked & Processed Chicken Market Growth - Cost Volatility & Rising Expenses + Strong Export Competitiveness - Non-Tariff Measures (NTMs) + Lower Production Co
Slide 35: FY2025 Guidance
FY2025 Guidance Revenue 2-3% growth from FY2024 sales Gross Profit Margin 15.0% - 16.0% SG&A 7.5% - 8.0% Financial Cost 1.5% - 2.5% Effective Tax Rate 10% - 15% CAPEX THB 1 - 1.2 billion Analyst Meeting No. 3/2025 | 14 August 2025 | page 35
Slide 36: Analyst Meeting No. 3/2025 | 14 August 2025 | page 36
Analyst Meeting No. 3/2025 | 14 August 2025 | page 36
Slide 37: Sales volumes: chicken meat and feed
Chicken Meat Direct Export (MT) Chicken Meat Indirect Export (MT) Chicken Meat Domestic (MT) + 25% + 0% 36,600 32,600 21,600 + 7% 59,700 61,200 59,700 61,000 60,900 29,300 19,900 19,100 17,500 17,900 23,400 21,900 - 6% + 3% + 0% 9,000 8,500 15,100 15,500 4,600 4,600 2020 2021 2022 2023 2024 2Q24 2Q2
Slide 38: Analyst Meeting No. 3/2025 | 14 August 2025 | page 38
Analyst Meeting No. 3/2025 | 14 August 2025 | page 38
Slide 39: Investor Relations contact
Investor Relations Department ir@gfpt.co.th Dr. Jutamas Ingpochai jutamas@gfpt.co.th T +66 2 473 8000 ext. 1822 Veera Titayangkaruvong veera-tita@gfpt.co.th T +66 2 473 8000 ext. 1802 @gfpt.official Line@ GFPTofficial www.gfpt.co.th Analyst Meeting No. 3/2025 | 14 August 2025 | page 39