Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Non-Deal Roadshow (June 2019)
15 slides from Tipco Asphalt Public's roadshow presentation, Jun 24, 2019
Slide 1: Group meeting hosted by Finansia Syrus (Q1 2019 Operational Results)
Tipco Asphalt Public Company Limited (TASCO) Group meeting hosted by Finansia Syrus (Q1 2019 Operational Results) 24th June 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 Q1 2019 Financial Performance 2 Q1 2019 Highlights 3 Q2 2019 Outlook 4 Q&A
Slide 4: Financial Performance: Sales & Services Revenue & Sales Volume
Q1 2019 Financial Performance : Sales & Services Revenue & Sales Volume Sales & Services Revenue Unit: Mil. THB 27,632 • Sales and services stood at Baht 7,091 million, reflecting an increase of 34.7% from the same period of last year 7,091 5,263 7,032 9,571 5,766 Q1 Q2 Q3 Q4 Year 2019 2018 Sales Vo
Slide 5: Financial Performance: Operating Gross Profit
Q1 2019 Financial Performance : Operating Gross Profit Operating Gross Profit Unit: Mil. THB 2,364 • Cost of sales and services in the Q1 2019 stood at Baht 6,682 million or 94.2% (88.3% in corresponding quarter in 1,168 2018) of sales and services before the allowance for 607 808 diminution in valu
Slide 6: Financial Performance: EBITDA & Net Profit
Q1 2019 Financial Performance : EBITDA & Net Profit EBITDA Unit: Mil. THB • The Group’s cashflow generated from operations increase 2,457 to Baht 474 million compared to Baht 162 million in the corresponding period of 2018 which mainly from an 1,169 increase in sales volume 474 588 538 162 Q1 Q2 Q3
Slide 7: Financial Performance: Debt to Equity Ratio
Q1 2019 Financial Performance : Debt to Equity Ratio Debt/Equity Ratio 0.93 1.00 0.54 0.03 0.02 0.01 Q1 2018 Q4 2018 Q1 2019 Total liabilities/Total equity LT debt/Total equity • The Group’s consolidated debt to equity ratio (D/E ratio) was 1.00 comparing to 0.54 in corresponding period a year ago
Slide 8: Financial Performance: Key Ratios and Historical Dividend
Q1 2019 Financial Performance : Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2019 2018 2019 2018 9.1 8.5 12.3 11.2 6.6 6.2 7.7 8.1 4.5 4.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months net profit 2/ Return is based on sum of last 12 mo
Slide 9: Insurance & Construction of new tanks at KBC refinery
Q1 2019 – Insurance & Construction of 2 new tanks at KBC refinery Insurance progress • The refinery incurred additional operating expense of Baht 143 million in alternative storage facilities for crude, logistic handling and other related expenses, attributable to the fire incident. Some of these ex
Slide 10: Q1 2019 Highlights
Q1 2019 - Highlights Crude • 4 crude cargos received during the Q1 2019 Domestic Market • Q1 2019 sale volume is as strong as in Q4 2018 • Demands for premium products remain strong in Q1 2019 International Market • China, Indonesia and Malaysia markets exhibited higher sale volumes compared to Q1 2
Slide 11: Asphalt Selling Price vs. Ice Brent Price
Asphalt Selling Price vs. Ice Brent Price Unit: USD/barrel 90.0 Avg. asphalt selling price Avg. Ice Brent price 80.1 80.0 74.9 76.0 70.1 67.2 68.1 70.0 65.3 60.0 61.5 71.2 57.3 60.0 63.5 54.7 50.9 52.2 63.6 63.3 63.8 51.1 62.2 50.0 45.8 46.9 47.1 57.9 55.2 51.2 53.8 40.0 45.3 48.2 44.7 38.0 30.0 37.
Slide 12: Highlights: Asphalt Volume & Asphalt Revenue Structure
Highlights : Asphalt Volume & Asphalt Revenue Structure Asphalt sales volume by market Main International Markets Unit: % Domestic International Q1 2018 Q4 2018 Q1 2019 China 55% 74% 65% 45% 35% Vietnam 26% Million tons Q10.32 2018 Q40.49 2018 Q10.40 2019 Asphalt Revenue (Exc. Non asphalt & service
Slide 13: Q2 2019 Outlook – Crude & Refinery
Q2 2019 Outlook – Crude & Refinery Crude • Consistent crude supply from main crude supplier Refinery • The refinery resumed normal operation with high reliability production
Slide 14: Q2 2019 Outlook – Domestic & International market
Q2 2019 Outlook – Domestic & International market Domestic Market • Entering into the low working season International Market • Market demands remain very strong, sale volumes expected to increase
Slide 15: Thank You
THANK YOU www.tipcoasphalt.com
Tipco Asphalt Public Company — Non-Deal Roadshow (June 2019) on 6ix