Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q2 2018 Earnings Presentation
15 slides from Tipco Asphalt Public's earnings presentation, Aug 30, 2018
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 3/2018 Opportunity Day
Tipco Asphalt Public Company Limited (TASCO) 3/2018 Opportunity Day (Q2/2018 Operational Results) 30th August 2018
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 Q2 2018 Financial Performance 2 Q2 2018 Highlights 3 H2 2018 Outlook 4 Q&A
Slide 4: Financial Performance: Sales & Services Revenue vs. Sales Volume
Q2 2018 Financial Performance : Sales & Services Revenue vs. Sales Volume Sales & Services Revenue Unit: Mil. THB • Sales and services stood at Baht 5,766 million, reflecting a decrease of 29.8% from the same period of last year 28,260 • This reduction was mainly attributable to the significant drop
Slide 5: Financial Performance: Operating Gross Profit
Q2 2018 Financial Performance : Operating Gross Profit Operating Gross Profit • Cost of sales and services in the 2nd quarter 2018 Unit: Mil. THB stood at Baht 5,059 million or 87.7% (90.2% in 3,478 corresponding quarter in 2017) of sales and services before the allowance for diminution in value of
Slide 6: Financial Performance: EBITDA & Net Profit
Q2 2018 Financial Performance : EBITDA & Net Profit EBITDA Unit: Mil. THB • The Group’s cashflow generated from operations stood 4,514 at Baht 588.6 million compared to Baht 850.41 million in 1,811 corresponding period in 2017 due to the decrease in 1,123 sales volume during 2nd quarter of 2018 as c
Slide 7: Financial Performance: Debt to Equity Ratio
Q2 2018 Financial Performance : Debt to Equity Ratio Debt/Equity Ratio 0.68 0.47 0.54 0.06 0.03 0.03 Q2 2017 Q1 2018 Q2 2018 Total liabilities/Total equity LT debt/Total equity • The Group’s consolidated debt to equity ratio (D/E ratio) remained low at 0.68 comparing to 0.47 in corresponding period
Slide 8: Financial Performance: Key Ratios and Historical Dividend
Q2 2018 Financial Performance : Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2018 2017 2018 2017 25.9 23.4 24.3 20.0 19.5 19.9 20.3 15.6 12.3 11.2 9.1 8.5 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 s
Slide 9: Q2 2018 Highlights
Q2 2018 Highlights Crude • 4 crude cargoes have been received year to date July 18 Domestic Market • Sales volume Q2 was lower than Q1 but still comparable to Q2 2017 • However, margin was slightly affected due to strong competition International Market • Sales volume Q2 was higher than Q1 due to cr
Slide 10: Highlights - Refinery
Highlights - Refinery - KBC had been shutdown from 2 Mar - 3 Apr and 17 Jun - 5 Jul Tank Farm in KBC/KOC 2018 - On evening 5 Jul 2018, a fire broke out and damaged 3 crude tanks in crude oil tank farm area at KBC - The fire was completely extinguished within 38 hours on 7 July 2018 morning Damaged P
Slide 11: Asphalt Selling Price vs. Ice Brent Price
Asphalt Selling Price vs. Ice Brent Price Unit: USD/barrel 120.0 109.7 Avg. asphalt selling price Avg. Ice Brent price 103.4 100.0 89.5 80.1 80.0 94.2 90.9 70.1 74.9 67.2 77.1 60.0 57.3 61.5 60.0 54.7 50.9 52.2 63.5 45.8 46.9 47.1 51.1 57.9 62.2 63.6 55.2 51.2 53.8 48.2 40.0 45.3 44.7 38.0 37.4 38.5
Slide 12: Highlights: Asphalt Volume & Asphalt Revenue Structure
Highlights : Asphalt Volume & Asphalt Revenue Structure Asphalt sales volume concentration by market Unit: % Main International Markets Domestic International 0.60 0.33 0.34 Mil tons Mil tons Mil tons China 83% 55% 72% 17% 45% 28% Malaysia Q2 2017 Q1 2018 Q2 2018 Asphalt Revenue (Exc. Non asphalt &
Slide 13: H2 2018 Outlook – Crude & Refinery
H2 2018 Outlook – Crude & Refinery Crude • Confirmed target for 9 crude cargos in 2018 Refinery • Since the fire incident on 5th July, the Refinery has resumed processing from 30 July 2018 and ready to take the next delivery of crude in August
Slide 14: H2 2018 Outlook – Domestic & International market
H2 2018 Outlook – Domestic & International market Domestic Market • Domestic price has increased to catch up with the Brent price increased during late Q2 • Q3 sales is expected to remain unchanged, but Q4 sales will benefit from 2019 government budget spending expected to start in October Internati
Slide 15: Thank You
THANK YOU www.tipcoasphalt.com
Tipco Asphalt Public Company — Q2 2018 Earnings Presentation on 6ix