Sahamitr Pressure Container Public Co. Ltd. · SET:SMPC
Sahamitr Pressure Container Public — H1 2023 Earnings Presentation
36 slides from Sahamitr Pressure Container Public's earnings presentation, Aug 23, 2023
Slide 1: Opportunity Day 1H/2023 Presentation
World Class LPG Cylinder Manufacturer of Thailand Opportunity Day SUSTAINABILITY 1H/2023 Presentation 23 Aug 2023 Presented by: Ms. Patama Laowong Mr. Jerawut Laowong Ms. Kanya Vipanurut https://www.smpcplc.com SAHAMITR PRESSURE CONTAINER P U B L I C C O M PA N Y L I M I T E D . 92 Soi Thientalay 7
Slide 2: Agenda
World Class LPG Cylinder Manufacturer of Thailand SUSTAINABILITY 1 SMPC Overview ● Company Profile ● Key Milestones ● Awards and Recognition ● Continuous Improvements ● International Exhibitions ● Products 2 Industry Overview Agenda 3 Financial Highlights 4 Business Outlook 1 Opportunity Day
Slide 3: SMPC Overview: Company Profile
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Company Profile SUSTAINABILITY “SMPC is a world leading low pressure vessel manufacturer with customers in more than 100 countries” Bangkok, Thailand 2 Opportunity Day
Slide 4: SMPC Overview: Key Milestones
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Key Milestones Key Milestones 2023 Entering the 5th decade, SMPC focuses on developing human SUSTAINABILITY “SMPC has continuously developed its business since the capabilities, expanding customer outreach, reducing company’s establ
Slide 5: Awards and Recognition
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Awards and Recognition Awards and Recognition 2023 SUSTAINABILITY ESG100 15 June 2023: SMPC was selected in the ESG100 group of public companies listed in the Thailand stock exchange with outstanding Environmental, Social, and Gover
Slide 6: Awards and Recognition: Forbes Best Under A Billion
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Awards and Recognition Awards and Recognition 2023 SUSTAINABILITY ‘Best Under A Billion 2023’ List by Forbes Asia Magazine 10 Aug 2023: Sahamitr Pressure Container Public Company Limited (SMPC) is 1 of 200 companies in Asia Pacific
Slide 7: SMPC Continuous Improvements
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Continuous Improvements SMPC Continuous Improvements SUSTAINABILITY With feedbacks from our customers, we continue to improve in these key areas… Product Delivery Communication ▪ Continue to Deliver Excellent ▪ Work with Our Custome
Slide 8: Environmental & Process Improvements
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Continuous Improvements SMPC Environmental & Process Improvements SUSTAINABILITY Solar Rooftop Installation Expansion of Automatic Process Up to 12% of SMPC's electricity demand now comes Systematically designed and tested with our
Slide 9: Megatrends Towards Sustainability for SMPC
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Continuous Improvements 5 Megatrends Towards Sustainability for SMPC Human Development SUSTAINABILITY • Enhance Employee's Skill Set • Foster Knowledge Sharing and Collaboration • Promote Business Innovation Development for Social &
Slide 10: 2023 International Exhibitions
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: International Exhibitions 2023 International Exhibitions SUSTAINABILITY Mar’23 May’23 Oct’23 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mar’23 Sep’23 Nov’23 9 Opportunity Day
Slide 11: Wide Range of Product Coverage
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Products Wide Range of Product Coverage Household LPG Cylinder 0.45 - 300 kg. SUSTAINABILITY (Water Capacity 0.9 – 1,000 lt.) Automotive LPG Cylinder Cylindrical Autogas Recreational Toroidal Autogas Tanks Vehicles Tanks Tanks Thail
Slide 12: Agenda: Industry Overview
World Class LPG Cylinder Manufacturer of Thailand SUSTAINABILITY 1 SMPC Overview 2 Industry Overview ● Statistical of Global LPG Agenda ● Global LPG Consumption 3 Financial Highlights 4 Business Outlook 11 Opportunity Day
Slide 13: Statistical of Global LPG
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Statistical of Global LPG About the Industry Production Consumption SUSTAINABILITY GLOBAL GLOBAL DEMAND IN ASIA IS FORECAST TO PRODUCTION CONSUMPTION LEAD THE WAY INCREASED PRODUCTION INCREASED GLOBALLY OF 1.7% GREW OVER 4.3% OF 3.
Slide 14: Predicted Global LPG Consumption by Region 2010-2030
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Global LPG Consumption Predicted Global LPG Consumption by Region 2010-2030 SUSTAINABILITY • Predicted global LPG consumption is gradual growth annually, there are opportunities for SMPC to grow in short to intermediate term. • The
Slide 15: % of Population with Access to Clean Cooking Fuels
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Global LPG Consumption % of Population with Access to Clean Cooking Fuels Access to clean fuels or technologies such as clean cookstoves reduce exposure to indoor air pollutants, a leading cause of death SUSTAINABILITY in low-incom
Slide 16: Household LPG Consumption by Region
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Global LPG Consumption Household LPG Consumption by Region SUSTAINABILITY Global increase (2020-2021) 9.23%, regional growth in all regions except North America Domestic Consumption Growth (2020-2021) by Continents 2021 Domestic Co
Slide 17: Agenda: Financial Highlights
World Class LPG Cylinder Manufacturer of Thailand SUSTAINABILITY 1 SMPC Overview 2 Industry Overview Agenda 3 Financial Highlights ● Utilization Rate ● Sales Revenue ● Financial Ratios ● Dividend 4 Business Outlook 16 Opportunity Day
Slide 18: Utilization Rate 1Q22-2Q23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Utilization Rate Utilization Rate(%) 1Q22-2Q23 SUSTAINABILITY Sales Volume (Million Cylinders) Utilization Rate 0.0 2.0 1.9 0.0 1.8 0.0 1.6 1.6 1.6 1.6 0.0 1.4 74% 1.2 0.0 67% 1.1 1.2 62% 0.0 59% 1.0 0.0 49% 0.8 42% ↓ 0.0 +
Slide 19: Utilization Rate 2018-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Utilization Rate Utilization Rate(%) 2018–1H23 SUSTAINABILITY Sales Volume (Million Cylinders) Utilization Rate 8.0 90% 6.9 7.2 7.0 6.9 80% 80% 6.2 70% 6.0 5.6 73% 70% 60% 5.0 61% 56% 56% 50% 4.0 40% 3.0 2.8 30% 2.0 20% 1.0
Slide 20: Sales Revenue by Product Category: 1Q22-2Q23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Product Category: 1Q22-2Q23 SUSTAINABILITY Sales Revenue (Million Baht) 1,800 2Q22 2Q23 1,600 1,534 Others 8% Others 12% 1,396 1,379 1,400 Three-Piece Three-Piece 1,200 20% 1,128 21% 1,000 939
Slide 21: Sales Revenue by Product Category: 1H22-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Product Category: 1H22 – 1H23 SUSTAINABILITY 1H22 2H22 1H23 Other 9% Other 11% Others 10% Three-Piece Three-Piece Three-Piece 22% 21% 21% Two-Piece Two-Piece Two-Piece 69% 68% 69% 2,930 millio
Slide 22: Sales Revenue by Product Category: 2018-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Product Category: 2018 – 1H23 SUSTAINABILITY Sales Revenue (Million Baht) 6,000 5,248 2022 1H23 5,000 Others 10% Others 10% 4,453 4,550 3,973 Three-Piece 4,000 Three-Piece 21% 21% 3,256 3,000
Slide 23: Sales Revenue by Geography: 1Q22-2Q23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Geography: 1Q22–2Q23 SUSTAINABILITY Sales Revenue 2Q22 2Q23 (Million Baht) Europe Middle East 2% 2% Middle East 1,800 Oceania 17% 1,534 11% 1,600 1,396 1,379 South America 1,400 0% Europe Afri
Slide 24: Sales Revenue by Geography: 1H22-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Geography: 1H22–1H23 SUSTAINABILITY Middle East Middle East Middle East Europe 5% 10% 13% 2% Europe 2% Oceania 9% Europe Oceania 4% South America Africa Africa Africa 10% 2% 21% 26% 27% Oceani
Slide 25: Sales Revenue by Geography: 2018-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Geography: 2018-1H23 SUSTAINABILITY Sales Revenue 2022 1H23 (Million Baht) Middle East Middle East 6,000 8% 13% Europe 5,248 2% 5,000 Oceania Europe 4,453 4,550 9% 4% Africa Africa 3,973 South
Slide 26: Profitability Ratios 1Q22-2Q23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Profitability Ratios SUSTAINABILITY GPM, EBITDA Margin and NPM(%) 1Q22-2Q23 Gross Profit, EBITDA and Net Profit(MB) 1Q22-2Q23 28.3% 26.8% 24.9% 411 395 383 21.2% 20.0% 344 23.3% 325 21.9% 290 266 17.6% 18.5
Slide 27: Profitability Ratios 2018-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Profitability Ratios SUSTAINABILITY GPM, EBITDA Margin and NPM(%) 2018-1H23 Gross Profit, EBITDA and Net Profit(MB) 2018-1H23 25.7% 24.4% 24.0% 21.2% 20.5% 1,349 19.9% 20.1% 19.1% 1,113 16.3% 17.0% 1,094 15
Slide 28: ROE and ROA
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Profitability Ratios SUSTAINABILITY ROE and ROA(%) ROE and ROA(%) 1Q22-2Q23 2018-1H23 46.6% 33.9% 31.5% 32.0% 31.0% 36.8% 28.5% 27.0% 20.9% 26.9% 32.4% 20.7% 22.4% 23.5% 25.7% 16.0% 13.6% 17.9% 20.9% 17.8%
Slide 29: Leverage Ratios 1Q22-2Q23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Leverage Ratios SUSTAINABILITY IBD* to Equity Ratio, IBD* to EBITDA Ratio(times) Financial Cost(million baht), 1Q22-2Q23 Interest Coverage Ratio(times) 1Q22-2Q23 60 120x 101.2 50 100x 1.9 1.8 40 68.0 80x 30
Slide 30: Leverage Ratios 2018-1H23
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Leverage Ratios SUSTAINABILITY IBD* to Equity Ratio, IBD* to EBITDA Ratio(times) Financial Cost(million baht), 2018-1H23 Interest Coverage Ratio(times) 2018-1H23 1.4 60 120x 102.2 50 86.9 100x 1.0 40 80x 0.
Slide 31: Dividend Payment History
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Dividend Dividend Payment History SUSTAINABILITY . 0 0 0 . 0 50 .00 0 30 0. 0 20 0.20 0 23 0.20 0 Earning Per Share ividend per Share ividend Payout atio 30 Remarks: *The company has a dividend payout policy to shareholders
Slide 32: Dividend Payment Timeframe
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Dividend Dividend Payment Timeframe SUSTAINABILITY BOD APPROVAL XD RECORD DATE PAYMENT DATE START END 10 Aug 2023 23 Aug 2023 24 Aug 2023 8 Sep 2023 31 Opportunity Day
Slide 33: Agenda: Business Outlook
World Class LPG Cylinder Manufacturer of Thailand SUSTAINABILITY 1 SMPC Overview 2 Industry Overview Agenda 3 Financial Highlights 4 Business Outlook ● Target and Future Growth Strategy 32 Opportunity Day
Slide 34: Target and Future Growth Strategy
World Class LPG Cylinder Manufacturer of Thailand IV. Business Outlook: Target and Future Growth Strategy 2023 Target and Future Growth Strategy SUSTAINABILITY Projected Sales Volume(million cylinders) Projected Utilization(%) . . .5 . .2 2. 202 F 2025F 202 F 2025F Capacity (million cylinder) Per Ye
Slide 35: Disclaimer
World Class LPG Cylinder Manufacturer of Thailand Disclaimer This document is addressed solely to participants of the meeting for the purposes of their information only and is not to SUSTAINABILITY be distributed, in whole or in part, to any other person without prior written consent of Sahamitr Pre
Slide 36: Thank You
World Class LPG Cylinder Manufacturer of Thailand THANK YOU SUSTAINABILITY 0-2895-4139-54 Info@smpcplc.com h t t p s : / / w w w. s m p c p l c . c o m 35 Opportunity Day
Sahamitr Pressure Container Public Company — H1 2023 Earnings Presentation on 6ix