Thai Beverage Public Co., Ltd. · SGX:Y92
Thai Beverage Public — Thai Beverage Pcl Ord — FY2024 Earnings Presentation
23 slides from Thai Beverage Public's earnings presentation, Nov 21, 2024
Slide 1: Thai Beverage PLC FY24 Financial Results
THAI BEVERAGE PLC FY24 FINANCIAL RESULTS (Full Year ended 30 September 2024) FY24 (Full Year ended 30 September 2024) Copyright © 2024 Thai Beverage Public Company Limited
Slide 2: Note on Forward Looking Statements
NOTE ON FORWARD LOOKING STATEMENTS • The following presentation may contain forward looking statements by the management of Thai Beverage Public Company Limited ("ThaiBev"), relating to financial or other trends for future periods, compared to the results for previous periods. • Some of the statemen
Slide 3: Understanding This Presentation
UNDERSTANDING THIS PRESENTATION • On 2 October 2023, InterBev (Singapore) Limited, an indirect wholly-owned subsidiary of ThaiBev, acquired new ordinary shares in BevFood Holdings Pte. Ltd. (“BevFood Holdings”), resulting in ThaiBev indirectly holding a 51% stake in the company. BevFood Holdings hol
Slide 4: FY24 Performance Highlights, Business Segment Results, Financial Information
1 FY24 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FY24 (Full Year ended 30 September 2024) Copyright © 2024 Thai Beverage Public Company Limited
Slide 5: FY24 Performance Highlights
FY24 PERFORMANCE HIGHLIGHTS Sales Revenue EBITDA Net Profit 340,289 61,650 35,270 Million Baht Million Baht Million Baht 2.2% 4.5% 0.6% KEY HIGHLIGHTS ● Sales revenue grew by 2.2% to Baht 340,289 million, ● Net profit increased by 0.6% to Baht 35,270 million YoY driven by growth across all beverage
Slide 6: Dividend Payment
DIVIDEND PAYMENT FY24 FY23 (Oct'23 - Sep'24) (Oct'22 - Sep'23) Restated Net profit belonging to the Company (Million Baht) 28,882* 27,434 Dividend (Million Baht) 15,579 15,075 Less interim dividend already paid (Million Baht) 3,769 3,769 Final dividend (Million Baht) 11,810 11,307 Payout ratio (Full
Slide 7: Consolidated: FY24 Highlights
CONSOLIDATED: FY24 HIGHLIGHTS Unit: THB million FY24 FY23 Change (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) Restated Sales Revenue Sales Revenue 340,289 332,931 #DIV/0! 2.2% COGS (237,081) (234,244) % of Sales Revenue 69.7% 70.4% Distribution costs (40,483) (38,742) Administrative expenses (20,622) (20
Slide 8: Consolidated: FY24 Highlights
CONSOLIDATED: FY24 HIGHLIGHTS Unit: THB million FY24 FY23 Change Change (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) Restated Sales 340,289 332,931 7,358 2.2% Gross Profit 103,208 98,687 4,521 4.6% EBITDA 61,650 58,969 2,681 4.5% Net Profit 35,270 35,063 207 0.6% Attributable Profit 27,215 27,434 (219) -
Slide 9: Contribution per Business Segment
CONTRIBUTION PER BUSINESS SEGMENT 100.0% FY24 Sales Revenue 340,289 FY24 EBITDA Million Baht 47.6% 100.0% 61,650 Million Baht 25.1% 18.7% 3.8% 4.8% Spirits Beer Non-Al Food Others** Total Beverages 100% 35.5% 37.1% 19.3% FY24 Net Profit 60.6% 6.6% 1.6% 35,270 Million Baht -0.1% 14.8% 16.8% 6.9% Spir
Slide 10: Total Sales Volume
TOTAL SALES VOLUME Unit: Million Litres FY23 FY24 FY23 FY24 0.1% 2,316 2,314 SPIRITS 0.8% BEER 8.2% 1.3% 643 638 114 123 40 40 Spirits Soda Water Beer Chang Water & Soda FY23 FY24 4.8% 3,073 3,219 1.9% 7.8% 1.4% NON-ALCOHOLIC 2.8% 1,141 1,163 19.2% 742 800 9.1% 601 610 BEVERAGES 331 340 252 300 6 6
Slide 11: Business Segment Results
1 FY24 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FY24 (Full Year ended 30 September 2024) Copyright © 2024 Thai Beverage Public Company Limited
Slide 12: Spirits
SPIRITS FY24 Performance SALES REVENUE • An increase in the consumption of white spirits in Thailand, Unit: THB million FY24 FY23 Change and continuous growth in the Myanmar market. (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) Restated COGS (%) Sales Revenue 120,728 119,786 0.8% • An increase in raw mate
Slide 13: Spirits: Revenue-Cost Break Down
SPIRITS: REVENUE-COST BREAK DOWN % of FY24 Total Spirits Revenue 100.0% 9.5% 7.5% 46.1% 1.2% 0.5% 1.0% 11.9% 4.8% 0.006% 17.5% Total Raw Material Packaging Excise Tax Labor Depreciation Others SG&A Int. Exp.+ Inc. Share of Net Profit Revenue Tax profit* * Share of profit of investment in associates
Slide 14: Beer
BEER FY24 Performance SALES REVENUE • An increase in sales volume benefits from the rebound in Unit: THB million FY24 FY23 Change tourism and increased consumption from warmer weather (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) in Thailand. Restated COGS (%) Sales Revenue 126,332 123,387 2.4% • Lower ra
Slide 15: Beer: Revenue-Cost Break Down
BEER: REVENUE-COST BREAK DOWN % of FY24 Total Beer Revenue 100.0% 19.5% 12.9% 39.9% 0.9% 1.3% 1.5% 14.6% 5.4% (0.1%) 4.1% Total Raw Material Packaging Excise Tax Labor Depreciation Other SG&A Int. Exp.+ Inc. Share of Net Profit Revenue Tax profit* * Share of profit of investment in associates and jo
Slide 16: Non-Alcoholic Beverages
NON-ALCOHOLIC BEVERAGES FY24 Performance SALES REVENUE • An increase in sales volume across all categories, driven by Unit: THB million FY24 FY23 Change successful brand-building through distribution efforts and (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) consumption campaigns. Restated COGS (%) Sales R
Slide 17: Food
FOOD FY24 Performance SALES REVENUE • The opening of new stores. Unit: THB million FY24 FY23 Change (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) Restated COGS (%) Sales Revenue 22,288 21,124 5.5% • An improvement in operation efficiency despite the increase in raw materials cost. COGS (13,649) (13,016) %
Slide 18: Others
OTHERS FY24 Performance SALES REVENUE • A decline in Publishing & Printing business from reduced Unit: THB million FY24 FY23 Change print orders and the closure of unprofitable business unit. (Oct'23 - Sep'24) (Oct'22 - Sep'23) (%) Restated COGS (%) Sales Revenue 5,400 5,743 -6.0% • Effective cost m
Slide 19: Financial Information
1 FY24 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FINANCIAL INFORMATION FY24 (Full Year ended 30 September 2024) Copyright © 2024 Thai Beverage Public Company Limited
Slide 20: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION Unit: THB Million ASSETS LIABILITIES AND EQUITY 612,395 612,395 527,593 527,593 140,386 120,224 Current Liabilities 11,443 Current Assets 4,750 • A decrease in current portion of long- • An increase in inventories, and other 145,136 term loans from financial instituti
Slide 21: Interest-Bearing Debt
INTEREST-BEARING DEBT (From Banks, Debentures, Bonds and Others) Unit: THB Million 30-Sep-24 30-Sep-23 Change Restated Current Bank overdrafts and short-term loans from financial institutions 26,129 22,261 3,868 Current portion of debentures and bonds 26,130 26,294 (164) Current portion of long-term
Slide 22: Financial Ratios
FINANCIAL RATIOS RATIOS 30-Sep-24 30-Sep-23 Restated Current Ratio (times) 1.33 1.17 Liability to Equity Ratio (Gearing Ratio) (times) 1.30 0.96 Interest Bearing Debt to Equity Ratio (times)* 1.02 0.74 Net Interest Bearing Debt to Equity Ratio (times)* 0.79 0.56 Interest Bearing Debt to EBITDA (time
Slide 23: FY24 (Full Year ended 30 September 2024) Copyright © 2024 Thai Beverage Public Company
FY24 (Full Year ended 30 September 2024) Copyright © 2024 Thai Beverage Public Company Limited