Siamgas & Petrochemicals Public Co. Ltd. · SET:SGP

Siamgas & Petrochemicals Public — Q2 2019 Earnings Presentation

35 slides from Siamgas & Petrochemicals Public's earnings presentation, September 2019

Slide 2: The information contained in this presentation is for information purposes only and does not
The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Siamgas and Petrochemicals Public Company Limited (“SGP” and shares in SGP, “shar
Slide 3: Agenda
* BUSINESS OVERVIEW * THAILAND BUSINESS * OVERSEA BUSINESS * FINANCIAL RESULTS * BUSINESS OUTLOOK * Q&A
Slide 4: Shareholder structure
55.0% 22.5% 19.6% 2.9% 45.0% Latest book closing : On 22 AUG 2019
Slide 5: Sustainable growth
Business acquisition Invest in Vietnam | Supergas Business acquisition 10 MW. Power Plant Founded Founded Singapore | Singgas Vietnam | Citygas N. and transmission line the company Marine & land logistic China | Sinosiam Malaysia | Mygaz in Myanmar SUSTAINABLE 1 2 2 2 2 GROWTH 9 0 0 0 0 7 0 1 1 1 6
Slide 6: Business operation group
BUSINESS OPERATION SnouP THAILAND LIQUEFIED PETROLEUM GAS (LPG) LIQUEFIED PETROLEUM GAS (LPG) + Singapore * China ROAD TRANSPORTATION ce. Malaysia MARINE TRANSPORTATION * Vietnam COMBINE CYCLE POWER PLANT > a * Myanmar CYLINDER MANUFACTURING OIL RETAIL BUSINESS DIESEL POWER PLANT *~ + Myanmar CONTAI
Slide 7: Business update
BUSINESS UPDATE (®) SIAMGAS » Thailand MY Expand petrol with LPG stations. Currently opened 6 stations (Suksawat, Kaset- Nawamin, Phutthamonthon Sai 2, Saraphi Chiang Mai, Bypass Cha-am Pranburi, Bypass Saraburi, and 5 stations in pipeline. YI Expand Filling plants. » Overseas WY The Company is cons
Slide 8: Overseas businesses
usiness usiness HO CHI MINH | SUPERGAS EAST MALAYSIA | MYGAZ SINGAPORE, TRADING BUSINESS | SGT (,
Slide 9: Agenda
* BUSINESS OVERVIEW * THAILAND BUSINESS * OVERSEA BUSINESS * FINANCIAL RESULTS * BUSINESS OUTLOOK * Q&A
Slide 10: LPG supply chain
COOKING INDUST. AUTOMOTIVE REFINERIES & SGP GAS SEPARATION LPG IMPORT PLANTS
Slide 11: Vessels, terminals, road tankers and filling plants
25 8 500 vessels terminals roadtankers 5.Lampang 6.Khonkaen 4.Nakornsawan 1.Bangkok Floating Storage 2.Samutprakan 3.Chachoengsao 7.Suratthani FILLING PLANT & AUTOGAS STATION 8.Songkhla Company Filling Plants x 43 Agent Filling Plants x 144 Company Autogas Stations x 44 Agent Autogas Stations x 521
Slide 12: SGP's market share in Thailand
SGP’s market share in Thailand 23.6% 24.1% 24.4% 24.6% 24.8% YoY: Total -5.6% | SGP -3.9% 4,409 -5.3% -1.6% -2.4% 4,177 4,108 4,011 QoQ: Total -3.5% | SGP -2.5% 3,370 3,171 3,107 3,027 1,892 -3.3% -0.4% -1.7% 984 963 929 1,424 1,039 1,005 1,001 984 744 726 698 469 241 237 231 2015 2016 2017 2018 1H/
Slide 13: SGP's market share in Thailand: cooking
SGP’s market share in Thailand 29.1% 29.3% 28.6% 27.5% 27.2% 2,110 2,151 2,164 YoY: Total -2.9% | SGP -5.1% 2,094 +0.8% +1.9% +0.6% 1,484 1,491 1,534 1,570 QoQ: Total -2.5% | SGP -2.3% 1,043 61% 760 527 531 512 +1.4% -0.4% -3.5% 610 619 616 594 382 386 374 284 144 145 138 2015 2016 2017 2018 1H/2019
Slide 14: SGP's market share in Thailand: automotive
SGP’s market share in Thailand 16.9% 16.7% 17.5% 19.5% 20.2% 1,731 YoY: Total -11.5% | SGP -5.0% -15.3% 1,466 -10.0% 1,319 -11.3% 1,170 QoQ: Total -1.8% | SGP +4.4% 1,439 22% 1,221 1,089 942 525 -16.3% -5.9% -0.9% 294 265 260 419 292 245 230 228 237 213 206 106 57 52 54 2015 2016 2017 2018 1H/2019 2
Slide 15: SGP's market share in Thailand: industrial
SGP’s market share in Thailand 23.4% 23.6% 24.3% 23.9% 24.4% YoY: Total -3.8% | SGP -0.8% 677 638 584 600 +6.0% +6.3% 17% +2.8% QoQ: Total -5.5% | SGP -3.0% 483 515 324 448 459 164 166 157 +3.7% +9.3% +4.4% 245 155 162 124 126 118 137 142 79 39 40 39 2015 2016 2017 2018 1H/2019 2Q'18 1Q'19 2Q'19 SGP
Slide 16: Agenda
* BUSINESS OVERVIEW * THAILAND BUSINESS * OVERSEA BUSINESS * FINANCIAL RESULTS * BUSINESS OUTLOOK * Q&A _ LLM? 7 _ (4 oS
Slide 17: Historical CP price movement
HISTORICAL CP PRICE MOVEMENT 4243 apeereee aM +385.0 2009 8 ys 2010 eee +387.5 £546 FSS TV" FES K 745 ~0-0-4 0-0-0099 DS of YO KA AL D So YC A AL FEMS EHF SF HV F FGF FEF EFSF HOY F FSS -130.0 +185.0 +1825 602.5 Ry Rare RY 3 RY 3 FEF TES IY FLO K FEF CTE SF OY F FEF FETE HF SF HV EF SISK FES TFS VL
Slide 18: Propane, butane and Brent prices
655 700 635 2017 2018 600 600 595 580 580 570 570 560 570 Q1 +140.0 -107.5 600 505 505 655 525 520 535 530 495 490 500 460 575 575 590 590 465 470 580 600 470 Q2 -152.5 +87.5 500 560 555 540 415 420 525 415 510 390 390 525 500 515 Q3 +102.5 +57.5 480 365 480 480 475 490 355 360 360 400 435 430 445 4
Slide 19: Quarterly sale volume (tons)
ANNUALLY | SALE VOLUME (TONS) QUARTERLY | SALE VOLUME (TONS) 6M/2019 >>>
Slide 20: Quarterly sale volume (tons)
ANNUALLY | SALE VOLUME (TONS) QUARTERLY | SALE VOLUME (TONS) 6M/2019 >>>
Slide 21: Quarterly sale volume (tons)
ANNUALLY | SALE VOLUME (TONS) QUARTERLY | SALE VOLUME (TONS) 6M/2019 >>>
Slide 22: Quarterly sale volume (tons)
ANNUALLY | SALE VOLUME (TONS) QUARTERLY | SALE VOLUME (TONS) 6M/2019 >>>
Slide 23: Quarterly sale volume (tons)
ANNUALLY | SALE VOLUME (TONS) QUARTERLY | SALE VOLUME (TONS) 6M/2019 >>>
Slide 24: Quarterly sale volume (tons)
ANNUALLY | SALE VOLUME (TONS) 6M/2019 >>> QUARTERLY | SALE VOLUME (TONS)
Slide 25: Quarterly sale volume (MW)
ANNUALLY | SALE VOLUME (MW.) QUARTERLY | SALE VOLUME (MW.)
Slide 26: Agenda
* BUSINESS OVERVIEW * THAILAND BUSINESS * OVERSEA BUSINESS * FINANCIAL RESULTS * BUSINESS OUTLOOK * Q&A LLL LL a. ay aa
Slide 27: Revenue breakdown by business
Thailand 30.8% Offshore Oversea business 30.3% Logistic 38.1% Other (Service & Other & Dividend) 0.5% 0.3% 23.0% 31.7% 43.7% 1.1% 0.4%
Slide 28: Revenue
+15.9% +3.4% +8.1% -5.7% 69,103 62,157 840 58,339 59,629 980 886 757 34,499 48,378 31,930 265 684 47,329 483 19,246 36,903 17,927 17,756 34,661 38,403 16,186 111 16,742 246 160 27,902 23,783 105 21,324 265 13,807 12,197 12,294 10,803 11,489 24,274 22,921 19,792 20,340 20,934 10,123 10,451 5,118 5,32
Slide 29: EBITDA and EBITDA margin
EBITDA EBITDA MARGIN EBITDA EBITDA MARGIN EBITDA EBITDA MARGIN 6,000 12% 1,400 10% 1,282 1,223 5,193 1,200 1,050 8% 5,000 10% 7.92% 2,000 1,870 7% 1,000 8.71% 6.35% 5.86% 800 5.91% 6% 6% 4,000 8% 1,500 1,346 600 5% 4% 2,860 2,836 2,651 6% 3,000 5.91% 400 297 4% 3.90% 2% 4.86% 1,000 1.77% 200 2,000 4
Slide 30: Net profit and margin
4,947 5,000 10% 1,500 10% 1,227 8% 8.36% 1,600 1,523 6% 1,055 4,000 8% 1,007 1,000 6.60% 6.40% 1,400 1,311 766 738 5.71% 6% 3,037 5% 2,891 2,811 4.82% 3,000 6.00% 6% 4.73% 560 1,200 2,260 3.84% 4% 5.23% 500 4% 3.15% 304 4.71% 3.82% 1,000 2,000 4% 866 2% 1.82% 3.30% 800 3% 1,119 1,116 - 2.71% 0% 834
Slide 31: Assets, liabilities and equity
Cash & Equivalents Inventory Short term loan Current liabilities Other asset PP&E Long term Debt Non current liabilities Total Equity 35,804 35,356 35,804 35,356 2,849 2,906 9,337 6,396 4,818 3,819 4,010 3,765 11,344 11,034 8,103 6,947 5,626 6,054 16,794 17,597 10,129 10,792 31 DEC 2018 30 JUN 2019
Slide 32: Agenda
* BUSINESS OVERVIEW * THAILAND BUSINESS * OVERSEA BUSINESS * FINANCIAL RESULTS * BUSINESS OUTLOOK * Q&A LLL a. ay aa
Slide 33: LPG sales volume outlook
LPG Sales Volume (Tons) Sales volume (TONs) 2017 2018 OUTLOOK 2019 6M|2019 % Success SGP - Thailand 1,030,660.58 1,010,383.14 1,050,000.00 487,106.40 46.4% SGP - Thailand Offshore Trading 736,544.45 942,945.98 1,150,000.00 627,433.93 54.6% SGP Offshore Trading China 1,219,476.64 1,277,786.33 1,300,0
Slide 34: Dividend history
2019 0.10- 2018 0.25 0.20 2017 0.50 1.00 2016 0.15 0.35 2015 0.20 0.30 2014 0.15 0.20 2013 0.10 0.50 2012 0.15 0.25 2011 0.15 0.30 2010 0.20 0.30 2009 0.20 0.30 Interim Final 2008 0.15 0.25 SGP split par from Bt1.00 to Bt 0.50 in May 2018
Slide 35: Questions are welcomed!
° @ @ QUESTIONS ARE WELCOMED !

Siamgas and Petrochemicals Public Company — Q2 2019 Earnings Presentation on 6ix

Siamgas & Petrochemicals Public — Q2 2019 Earnings Presentation

Slide 1: Q2|2019 Performance

Slide 2: The information contained in this presentation is for information purposes only and does not

Slide 3: Agenda

Slide 4: Shareholder structure

Slide 5: Sustainable growth

Slide 6: Business operation group

Slide 7: Business update

Slide 8: Overseas businesses

Slide 9: Agenda

Slide 10: LPG supply chain

Slide 11: Vessels, terminals, road tankers and filling plants

Slide 12: SGP's market share in Thailand

Slide 13: SGP's market share in Thailand: cooking

Slide 14: SGP's market share in Thailand: automotive

Slide 15: SGP's market share in Thailand: industrial

Slide 16: Agenda

Slide 17: Historical CP price movement

Slide 18: Propane, butane and Brent prices

Slide 19: Quarterly sale volume (tons)

Slide 20: Quarterly sale volume (tons)

Slide 21: Quarterly sale volume (tons)

Slide 22: Quarterly sale volume (tons)

Slide 23: Quarterly sale volume (tons)

Slide 24: Quarterly sale volume (tons)

Slide 25: Quarterly sale volume (MW)

Slide 26: Agenda

Slide 27: Revenue breakdown by business

Slide 28: Revenue

Slide 29: EBITDA and EBITDA margin

Slide 30: Net profit and margin

Slide 31: Assets, liabilities and equity

Slide 32: Agenda

Slide 33: LPG sales volume outlook

Slide 34: Dividend history

Slide 35: Questions are welcomed!