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

Siamgas & Petrochemicals Public — Q4 2022 Earnings Presentation

34 slides from Siamgas & Petrochemicals Public's earnings presentation, April 2023

  1. Slide 1: 4Q/2022 Performance

    4Q/2022 Performance SIAMGAS AND PETROCHEMICALS PUBLIC COMPANY LIMITED

  2. Slide 2: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  3. Slide 3: Major shareholders

    Domestic Fund MAJOR SHAREHOLDERS 0.1% (Weeraborwornpong Group) PUBLIC Retail 55.0% 12.6% Foreign 827.04 29.9% Million Shares 1,837.86 Thai NVDR Million Shares 2.4% PUBLIC 45.0% Latest book closing : On 10 MAR 2022 3

  4. Slide 4: Company history and business acquisitions

    Business acquisition Business acquisition Investment Business acquisition LPG Business LPG Business POWERPLANT CYLINDER MANUFACTURER SUPERGAS in Vietnam MYGAZ in Malaysia 10 MW. DIESEL LINH GAS in Thailand Founded Founded SINGGAS in Singapore CITYGAS NORTH in Vietnam in Myanmar the company logistic

  5. Slide 5: Thailand and oversea businesses

    THAILAND OVERSEA 1 LIQUEFIED PETROLEUM GAS (LPG) LIQUEFIED PETROLEUM GAS (LPG) • Singapore 2 ROAD TRANSPORTATION • China 1 • Malaysia 3 MARINE TRANSPORTATION • Vietnam • Laos 4 CYLINDER MANUFACTURING COMBINE CYCLE POWER PLANT 2 5 OIL RETAIL BUSINESS • Myanmar DIESEL POWER PLANT CONTAINER TERMINAL SE

  6. Slide 6: Thailand and oversea highlights

    THAILAND LPG market in Q4/2022 increases 3.3% compare to the same period last year due to demand increases in Automotive sector which increases 21.8%. Sales volume beat target due to LPG demand recovery after Covid situation ease. No LPG price lifting in Q4/2022 and the selling price of 15kg cylinde

  7. Slide 7: LPG business / Other business

    LPG business OTHER business 7

  8. Slide 8: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  9. Slide 9: Thailand LPG supply chain and terminals

    INBOUND SGP TERMINAL OUTBOUND MARKETING, PROCUREMENT & SALES LOGISTICS LOGISTICS DEPOTS & SERVICE COOKING GAS SEPARATION 9 Terminals 1. Commercial Users 2. Household Users PLANT Sathupradit Terminal INDUSTRIAL Suksawat Terminal 371 Bangpakong Terminal Lampang Deport Nakornsawan Deport Khon Kaen Depo

  10. Slide 10: LPG sales volume - total

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total +3.3% | SGP +3.0% +7.4% 4,011 -5.3% 3,799 3,620 -10.8% 3,389 -0.5% 3,372 QoQ: Total +1.7% | SGP +2.5% ‘000 tons ‘000 tons 3,027 2,847 SGP group 895 909 925 2,583 2,613 2,821 Others +5.3% -3.3% Total 697 710 721 -15.4% -5.8% 984 952 80

  11. Slide 11: LPG sales volume - cooking

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total -0.8% | SGP -1.6% +1.2% 2,164 +0.8% -1.8% 2,125 -4.4% 2,032 2,049 2,074 QoQ: Total +2.9% | SGP +3.3% ‘000 tons ‘000 tons 1,570 1,556 1,586 SGP group 532 512 527 1,530 1,560 Others -4.2% -11.7% -2.6% Total 406 393 404 -0.3% 594 569 502

  12. Slide 12: LPG sales volume - automotive

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total +21.8% | SGP +17.2% 1,170 -12.6% 1,023 +25.4% QoQ: Total +2.7% | SGP +3.2% ‘000 tons ‘000 tons -26.4% 807 753 -14.4% 644 942 SGP group 215 800 209 Others 177 584 659 516 Total -2.3% +16.5% 171 176 -24.5% 143 -24.2% 228 223 169 128 149

  13. Slide 13: LPG sales volume - industry

    LPG Sales volume - Yearly LPG Sales volume - Quarterly +8.8% YoY: Total -2.2% | SGP +5.6% +12.4% 739 677 -3.8% 651 679 -7.2% 604 QoQ: Total -2.6% | SGP -0.2% ‘000 tons ‘000 tons 515 576 SGP group 186 187 182 491 537 469 +14.7% Others +5.4% 148 146 -1.4% Total 141 -15.6% 162 160 135 142 163 39 41 41

  14. Slide 14: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  15. Slide 15: LPG and oil price trends

    100 200 300 400 500 600 700 800 900 0 100 120 140 1000 0 20 60 80 40 63.7 565 590 8 55.5 505 545 3 33.7 430 480 USD/TON 1 USD/BARREL 26.6 230 240 32.4 340 340 40.8 350 330 43.2 360 340 45.0 365 345 41.9 365 355 41.5 375 380 44.0 430 440 +7.5 DEC 455.0 JAN 577.5 49.2 450 460 55.3 550 530 9 62.3 605 5

  16. Slide 16: Oversea LPG sales volume - offshore trading

    Sales volume - Yearly Sales volume - Quarterly +52.2% +14.9% -0.7% YoY -0.7% 1,434,873 -13.5% 1,426,789 1,416,870 QoQ -4.4% +28.0% 1,241,420 942,946 373,005 387,357 370,213 tons tons 2018 2019 2020 2021 2022 4Q|21 3Q|22 4Q|22 Sales volume by customer - 2022 Related party 937,337 Tons 40% Third party

  17. Slide 17: Oversea LPG sales volume - retail

    Sales volume - Yearly Sales volume - Quarterly +4.1% -4.1% +25.7% YoY +44.7% 1,477,277 1,416,848 -15.7% 1,382,207 -7.9% QoQ +43.7% 1,194,386 1,100,025 434,970 300,525 302,798 tons tons 2018 2019 2020 2021 2022 4Q|21 3Q|22 4Q|22 Sales volume by customer - 2022 •1,118,367 •144,937 •101,792 •17,111 TON

  18. Slide 18: Oversea LPG sales volume - total

    Sales volume - Yearly Sales volume - Quarterly YoY +19.5% +17.8% +10.8% +12.2% -14.6% +3.7% 2,851,721 2,799,077 QoQ +16.7% 2,420,223 2,435,806 2,526,815 805,183 673,530 690,155 tons tons 2018 2019 2020 2021 2022 4Q|21 3Q|22 4Q|22 Sales volume by customer - 2022 50.6% 40.0% 5.2% 3.6% 0.6% Trading Chi

  19. Slide 19: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  20. Slide 20: Power Plant

    POWER PLANT

  21. Slide 21: Combined cycle and diesel power plant sales

    230 MW. COMBINE CYCLE POWERPLANT 10 MW. DIESEL POWERPLANT SELL TO GOVERNMENT >>> SELL TO HOUSEHOLD >>> SELL TO HOUSEHOLD >>> ANNUALLY | SALE VOLUME (MW.) ANNUALLY | SALE VOLUME (MW.) +8.1% +19.9% -6.6% +32.5% 1,358,415 +2.6% 1,256,970 1,268,385 6,580 6,750 -10.8% +328.7% -16.9% 1,131,506 4,964 5,610

  22. Slide 22: Liquid Tank Farm and Deep Sea Port

    LIQUID TANK FARM AND DEEP SEA PORT

  23. Slide 23: Tank farm service and oil trading

    LIQUID TANK FARM & DEEP SEA PORT SERVICE OIL TRADING OVERSEA BUSINESS No. Total Number of Utilized Available ANNUALLY | SALE VOLUME (BARRELS) Capacity Liquid Tank As 31 As 30 (Mil.Liter) Dec 2022 Dec 2022 1 15.27 4 +63.5% (avg. 3.82/unit) 2 2 1,969,494 2 27.05 4 4 (avg. 6.76/unit) 1,204,225 -68.2% 3

  24. Slide 24: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  25. Slide 25: Revenue breakdown 2021 and 2022

    2022 2021 Thailand 20.3% Thailand 20.8% (Thailand LPG, Logistic & Other) (Thailand LPG, Logistic & Other) Oversea 79.7% Oversea 79.2% (Offshore Trading & Retail Oversea Business) (Offshore Trading & Retail Oversea Business) 103,198 Million Baht 79,511 Million Baht Offshore Offshore 38.2% 40.3% Thail

  26. Slide 26: 2022 Consolidated revenue of Bt.103,198 m

    2022 Consolidated REVENUE of Bt.103,198 m shows a 29.8% yoy growth YEARLY QUARTERLY Unit : Million Baht YoY QoQ +9.2% +4.1% +2,211 M.Baht +1,028 M.Baht +29.8% 103,198 +12.0% +4.1% +49.2% +20.1% -7.7% +1.5% 1,587 26,907 26,243 TOTAL +15.9% -2.4% 24,833 25,215 REVENUE 79,511 24,032 -17.5% 242 144 69,1

  27. Slide 27: 2022 Consolidated EBITDA of Bt.3,547 m

    2022 Consolidated EBITDA of Bt.3,547 m shows a 46.5% yoy decline YEARLY QUARTERLY EBITDA YoY QoQ Unit : Million Baht EBITDA MARGIN +53.3% -68.3% -5.9% 7,000 6,634 15% -1,199 M.Baht -35 M.Baht 13% 6,000 +30.5% 11% -15.4% -2.4% -46.5% 5,000 2,000.00 15.00% 4,327 1,755 1,713 +25.0% 1,800.00 9% 13.00% 4

  28. Slide 28: 2022 Consolidated net profit of Bt.1,070 m

    2022 Consolidated NET PROFIT of Bt.1,070 m shows a -71.9% yoy decline YEARLY QUARTERLY NET PROFIT YoY QoQ Unit : Million Baht NET PROFIT MARGIN -104.2% +23.9% +84.7% 4,000.00 3,809 8.00% -1,033 M.Baht +13 M.Baht 3,500.00 7.00% 1,200.00 -24.9% -0.3% 6.00% 3,000.00 6.00% 992 989 1,000.00 2,500.00 +51.

  29. Slide 29: Assets, liabilities, equity and debt

    ASSET (THB Million) LIABILITIES (THB Million) EQUITY (THB Million) PP&E Other asset Shot term loan Current liabilities Total Equity Inventory Cash & Equivalents Long term Debt Non current liabilities 50,894 -7.5% 47,072 2,611 34,101 -8.5% 16,793 -5.4% 3,457 31,191 15,880 11,153 6,390 7,509 Million B

  30. Slide 30: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  31. Slide 31: Sale volume 2022 and outlook 2023

    SALE VOLUME 2022 & OUTLOOK 2023 LPG Sales Volume (Tons) Sales volume (TONs) 2020 2021 2022 % Growth Outlook 2023 %Growth SGP - Thailand SGP Offshore Trading SGP - Thailand 811,385.58 759,967.81 803,364.39 +5.7% 860,000.00 7.0% China Vietnam Offshore Trading 1,241,419.64 1,426,789.43 1,416,869.82 -0.

  32. Slide 32: Agenda

    Agenda 01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY

  33. Slide 33: Dividend policy and historical dividend payment

    DIVIDEND POLICY HISTORICAL DIVIDEND PAYMENT The Company has established the policy to 2022 0.20 0.20 pay dividends to the shareholders at the Interim 2021 0.20 0.80 rate of not less than 40% of the net profit 2020 0.10 0.40 Final after corporate income tax, accumulated 2019 0.10 0.25 loss brought fo

  34. Slide 34: Thank you

    THANK YOU 02-120-9999 # 3611,3612 Sgp_ir@ugp.co.th www.siamgas.com 553 The Palladium Building 30th Floor, Ratchaprarop Rd., Makkasan, Ratchathewi, Bangkok 10400 Thailand.

Siamgas and Petrochemicals Public Company — Q4 2022 Earnings Presentation on 6ix