Slide 1: Analyst Meeting Q3/2025
Analyst Meeting Q3/2025 13 November 2025
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 01 Financial Performance 02 Q3/2025 Highlights 03 Outlook 04 Sustainability
Slide 4: 01 Financial Performance
01 Financial Performance
Slide 5: Q3 2025 Highlights
Q3 2025 Highlights • The domestic asphalt market’s demand contracted in July and August due to persistent rainfall. • The regional asphalt index price decreased weekly since early August, resulting in lower profit margins for international retail market, as competitors lowered their prices to clear
Slide 6: Revenue
Revenue Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons Unit: Mil. THB 2025 2024 +2% 2025 2024 +10% 18,709 18,400 0.86 -12% 0.78 -30% 8,375 6,780 6,064 5,865 0.29 0.28 0.23 0.29 0.33 5,009 5,016 0.22 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Total Revenue Construction Business
Slide 7: Operating Gross Profit
Operating Gross Profit Operating Gross Profit Average Selling price Unit: Mil. THB 2025 2024 Unit: USD/bbl. - 14% - 67% 2,219 1,912 -7.5% vs Q2 25 1,384 99.4 95.7 88.4 97.3 90.3 91.9 730 723 88.9 343 492 459 85.0 78.4 78.4 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q1 Q2 Q3 Q4 YTD G
Slide 8: EBITDA and Net Profit
EBITDA and Net Profit SG&A %SG&A Unit: Mil. THB %to sales 2025 %to sales 2024 2025 2024 - 20% - 4% 888 924 5.3% 5.1% 4.3% 4.4% 4.4% 306 300 306 344 4.7% 280 276 4.3% 4.1% 3.8% Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD EBITDA Net Profit Unit: Mil. THB Unit: Mil. THB +5% - 75% + 22% 2025 2024 2025 2024 - 59% 2,
Slide 9: Key Ratios and Historical Dividend
Key Ratios and Historical Dividend Debt / Equity Ratio Return on Equity1/ Return on Asset2/ 2025 2024 Unit: % 2025 2024 Unit: % 0.56 0.56 0.54 0.51 0.50 14.2 0.48 11.2 10.5 8.7 7.0 6.8 3.4 10.2 6.7 12.1 9.1 6.5 8.5 3.6 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on
Slide 10: Outlook
04 Outlook
Slide 11: Outlook
Outlook Feedstock The company will focus on procuring 1 additional feedstock cargo by December. The Thai market remains positive, supported by the extra THB 47.5 billion government stimulus budget announced in late Q3. The budget was primarily Domestic Market allocated to road maintenance projects t
Slide 12: Sustainability Updates
03 Sustainability Updates 12
Slide 13: Continue to strengthen renewable energy
Continue to strengthen renewable energy Material Topics Progress Update 1. Commitment to Climate Change 2. Eco-Efficiency Operation and Circularity % electricity consumption from solar (all plants) 3.50% 3.44% Project Solar Roof (all plants) - Solar Roof project has first commenced on 1st April 2025
Slide 14: Sustainability Awards and Recognition
Sustainability Awards and Recognition Received Green Industry Level 5 Award 5-Star CGR Rating - The Company received a 5-star rating or “Excellent” on the CGR - On September 22, 2025, Tipco Asphalt Group, Nakhon Ratchasima and Surat Thani plants, received 2025, conducted by the Thai the Green Indust
Slide 15: Q&A
Q&A
Slide 16: Tipco Asphalt PLC. (TASCO)
Tipco Asphalt PLC. (TASCO) IR Contact: K. Proud Chettapongsaphan +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com Share your feedback with us by scanning the QR code https://www.facebook.com/tipcoasphalt 16
Slide 17: THANK YOU
THANK YOU www.tipcoasphalt.com