Tata Steel (thailand) Public Co. Ltd. · SET:TSTH
Tata Steel (thailand) Public — Tata Steel (Thailand) PCL — Q4 FY23 Earnings Presentation
23 slides from Tata Steel (thailand) Public's earnings presentation, May 10, 2023
Slide 1: Operating Results of Q4/FY23 (January – March 2023)
Media Meeting Operating Results of Q4/FY23 (January – March 2023) TATA Steel Thailand PLC May 10, 2023
Slide 2: Disclaimer
Disclaimer Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important facto
Slide 3: Our Product
Our Product Downstream Products Stirrup CAB Dowel Footing 3
Slide 4: Contents
Contents • Update on Business Environment and Markets • Q4 & Annual FY23 Performance • Business Outlook • Corporate Citizenship 4
Slide 5: 2023 Economic Outlook / Key takeaway and Watchlist in 2023
2023 Economic Outlook / Key takeaway and Watchlist in 2023 TSTH Board April 18,2023 5 World CHINA Thailand • More positive signs have now started • China’s reopening has lifted the • Expanding domestic demand to appear, with business and economy, especially the services • Recovering tourism sector a
Slide 6: China Crude Steel Production
China Crude Steel Production CHINA'S CRUDE STEEL OUTPUT, MILLION T 265 110 262 262 260 100 255 90 250 80 247 245 70 240 60 235 50 Accu. 3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec months 2021 2022 2023 ➢China crude steel production increased by 6.1%y-o-y in Jan-Mar 2023. The rise was mainly at
Slide 7: China Steel PMI
China Steel PMI China: Steel PMI Good 50 48.4 ➢Steel PMI has improved continually since early 2023 reflected from steel production and demand rose over the period. Raw material purchase price rises import iron ore and scrap prices. ➢However, steel demand was below expectations despite some improveme
Slide 8: Total construction spend trend in Thailand
Total construction spend trend in Thailand TSTH Board April 18,2023 Unit: Million THB 70,000 62,029 60,678 60,276 54,817 60,000 50,000 45,334 45,949 40,000 34,412 33,047 29,154 30,000 24,252 23,627 20,000 24,140 22,094 21,343 20,808 18,820 19,281 10,000 15,570 - ➢ The forecast of total construction
Slide 9: Thailand apparent finished steel consumption
Thailand apparent finished steel consumption Total steel consumption increased by 12.5% in the first 3 month of 2023 which recovers from expansion of domestic demand, both consumption public and private investment. Thailand Apparent Steel Consumption ('000 tonnes) 24,000 20,862 19,090 19,334 20,000
Slide 10: Contents
Contents • Update on Business Environment and Markets • Q4 & Annual FY23 Performance • Business Outlook • Corporate Citizenship 10
Slide 11: Sales Volume in Q4 FY23 improved from previous quarter
Sales Volume in Q4 FY23 improved from previous quarter from higher domestic rebar sales partly offset by lower exports. Unit : KTon Good 400 Total sales Dom. Rebars + Cut & bend 340 350 311 300 300 289 250 250 200 189 183 200 150 140 150 100 100 50 50 - - Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 F
Slide 12: Sales Volume Trend for Q4 – FY23 reflects the subdued domestic market
Sales Volume Trend for Q4 – FY23 reflects the subdued domestic market sentiments Unit : KTon Good Total Sales Dom. Rebars + Cut & Bend 400 366 340 300 350 305 320 311 210 250 300 200 181 191 189 183 250 150 200 150 100 100 50 50 - - FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Dom. Wire Rods 15
Slide 13: Financial Performance Q4 FY23 – improved from previous quarter
Financial Performance Q4 FY23 – improved from previous quarter Unit : Million THB Good Revenue from sales Spread (THB/Ton) (Difference between sales price and raw material price) 9,700 9,600 10,200 8,704 6,909 7,438 Q4FY22 Q3 FY23 Q4 FY23 Q4FY22 Q3 FY23 Q4 FY23 EBITDA Profit (Loss) before tax 242 44
Slide 14: Sales Volume FY23 – lower domestic sales partly compensated by higher exports
Sales Volume FY23 – lower domestic sales partly compensated by higher exports Unit : KTon Good Total sales Dom. Rebars + Cut & bend 1,333 1,211 682 617 FY22 FY23 FY22 FY23 Dom. Wire Rods Export 493 395 130 174 FY22 FY23 FY22 FY23 14
Slide 15: Financial Performance FY23
Financial Performance FY23 - lower volume and significant increase in price of power, NG etc. have impacted EBITDA Unit : Million THB Good Revenue from sales Spread (THB/Ton) (Difference between sales price and raw 32,590 30,698 10,000 price) material 10,100 FY22 FY23 FY22 FY23 EBITDA Profit before
Slide 16: Key Financial Indicators
Key Financial Indicators EBITDA Margin (%) PBT/Sales (%) 9.8 8.0 6.0 3.1 3.6 2.2 3.4 0.5 2.0 (0.7) FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Profit (Loss) for the year (Mn THB) ROIC (%) 2,606 24.7 632 687 8.8 6.2 48 2.2 (188) (0.4) FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 16
Slide 17: Contents
Contents • Update on Business Environment and Markets • Q4 & Annual FY23 Performance • Business Outlook • Corporate Citizenship 17
Slide 18: Q1 FY24 Outlook
Q1 FY24 Outlook • Thai economy continue to expand, driven mainly by tourism and private consumption. Exports expected to gain strength by the second half of this year • Campaigning for general election, hold on May 14, will help boost with domestic economic activity • Some of government projects may
Slide 19: Contents
Contents • Update on Business Environment and Markets • Q4 & Annual FY23 Performance • Business Outlook • Corporate Citizenship 19
Slide 20: Improving quality of life of our communities of Q4FY23
Improving quality of life of our communities of Q4FY23 (Jan – Mar 23) FY23: More than 75,000 Beneficiaries, 100% employees’ participation with 9,600 Hrs. Relationship with Community & Government Agencies Supporting Religion, Culture & Education • All 3 Plants: Surveyed 36 • 3 Plants: Supported schol
Slide 21: Awards and Recognitions in Q4FY23
Awards and Recognitions in Q4FY23 TSMT - NTS Plant and SISCO Plant received Corporate Social Responsibility – Department of Primary Industries and Mines (CSR-DPIM) Continuous Award for the fourth and third consecutive years, respectively, and SCSC Plant received it for the first year in the category
Slide 22: Tata Tiscon Environment Friendly Rebar
Tata Tiscon Environment Friendly Rebar Tata Tiscon rebar production by EAF process EAF or Electric Arc Furnace is the steel melt process from scrap to recycle 100% with electrical energy that the best steel recycling technology in the present in terms of product quality, consistency and environment
Slide 23: Thank you for your attention
qp TATA STEEL (THAILAND) TATA Thank you for your attention TATA STEEL (THAILAND)
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