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

Siamgas & Petrochemicals Public — Q3 2022 Earnings Presentation

34 slides from Siamgas & Petrochemicals Public's earnings presentation, December 2022

  1. Slide 1: 3Q/2022 Performance

    3Q/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 Q3/2022 highlights

    THAILAND LPG market in Q3/2022 increases 12.9% compare to the same period last year due to demand increase in all sectors (Cooking, Auto, Industry). Sales volume meets target due to strong demand in Automotive LPG. LPG price was lifted Baht 1.00/kg a month in Q3 total Baht 3.00/kg. (Q2+Q3 = Baht 6.0

  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: LPG value 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: Thailand LPG sales volume: total

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total +12.9% | SGP +11.3% 4,011 -5.3% 3,799 -10.8% 3,389 -0.5% 3,372 QoQ: Total +1.6% | SGP +0.3% ‘000 tons ‘000 tons 2,695 3,027 2,847 SGP group 895 909 2,583 2,613 805 Others 2,100 -3.3% Total 696 710 -15.4% -5.8% 627 984 952 805 759 595

  11. Slide 11: LPG sales volume: cooking

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total +2.9% | SGP +2.1% 2,164 +0.8% -1.8% 2,125 -4.4% 2,032 2,049 QoQ: Total +0.4% | SGP -1.0% ‘000 tons ‘000 tons 1,546 1,570 1,556 SGP group 511 513 1,530 1,560 498 1,182 Others -4.2% -11.7% -2.6% Total 381 390 393 594 569 502 489 364 117

  12. Slide 12: LPG sales volume: automotive

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total +44.4% | SGP +38.2% 1,170 -12.6% 1,023 QoQ: Total +3.5% | SGP +1.5% ‘000 tons ‘000 tons -26.4% 753 -14.4% 644 942 592 SGP group 203 209 800 Others 145 584 516 483 Total 165 171 -2.3% -24.5% -24.2% 117 228 223 169 128 109 27.7 37.6 38.

  13. Slide 13: LPG sales volume: industry

    LPG Sales volume - Yearly LPG Sales volume - Quarterly YoY: Total +15.4% | SGP +21.2% +12.4% 677 -3.8% 651 679 -7.2% 604 557 QoQ: Total +2.9% | SGP +3.2% ‘000 tons ‘000 tons 515 SGP group 182 187 491 537 162 469 435 Others +5.4% 146 -1.4% Total 128 142 -15.6% 162 160 135 142 122 34 40 41 2018 2019 2

  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 Brent oil price trends

    960 USD/TON JAN 577.5 920 1000 DEC 455.0 860 LPG 830 795 900 8 3 1 +7.5 775 750 750 940 725 710 895 800 665 870 660 655 850 630 620 595 800 590 795 585 700 775 545 750 740 530 530 525 725 600 480 475 670 460 665 660 650 440 625 620 605 500 380 565 355 560 345 550 340 340 330 530 Propane [C3] 2020 20

  16. Slide 16: Oversea LPG sales volume

    Sales volume - Yearly Sales volume - Quarterly YoY +7.7% +52.2% -13.5% +14.9% 73.4% 1,434,873 1,426,789 of 2021 QoQ +27.0% +28.0% 1,241,420 1,046,657 387,357 942,946 359,789 304,893 tons tons 2018 2019 2020 2021 9M/2022 3Q|21 2Q|22 3Q|22 Sales volume by customer - 9M/2022 Related party 646,981 Tons

  17. Slide 17: Oversea LPG sales volume by country

    Sales volume - Yearly Sales volume - Quarterly +4.1% -4.1% YoY +21.8% 1,477,277 86.1% 1,416,848 -15.7% of 2021 -7.9% QoQ +10.5% 1,194,386 1,100,025 947,238 273,964 302,798 248,533 tons tons 2018 2019 2020 2021 9M/2022 3Q|21 2Q|22 3Q|22 Sales volume by country - 9M/2022 •754,750 TON •106,909 TON •72,

  18. Slide 18: Offshore trading sales volume

    Sales volume - Yearly Sales volume - Quarterly YoY +13.5% +17.8% 78.9% +12.2% -14.6% +3.7% of 2021 2,851,721 QoQ +19.2% 2,420,223 2,435,806 2,526,815 1,993,895 690,155 608,322 578,858 tons tons 2018 2019 2020 2021 9M/2022 3Q|21 2Q|22 3Q|22 Sales volume by country - 9M/2022 52.5% 37.9% 5.4% 3.7% 0.6%

  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 YoY +2.6% YoY 1,256,970 1,268,385 6,580 71.7% -7.1% 6,750 -21.8% +328.7% 63.5% of

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

    LIQUID TANK FARM AND DEEP SEA PORT

  23. Slide 23: Liquid tank farm, deep sea port 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 30 As 30 (Mil.Liter) Sep 2022 Sep 2022 +63.5% 1 15.27 4 2 2 (avg. 3.82/unit) 1,969,494 2 27.05 4 4 31.8% (avg. 6.76/unit) of 2021 1,20

  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 structure 9M/2022 vs 9M/2021

    9M/2022 9M/2021 Thailand 20.0% Thailand 22.1% (Thailand LPG, Logistic & Other) (Thailand LPG, Logistic & Other) Oversea 80.0% Oversea 77.9% (Offshore Trading & Retail Oversea Business) (Offshore Trading & Retail Oversea Business) 76,954 Million Baht 55,479 Million Baht Offshore Offshore 39.2% 38.7%

  26. Slide 26: 9M/2022 consolidated revenue of Bt.76,954 m

    9M/2022 Consolidated REVENUE of Bt.76,954 m shows a 38.7% yoy growth YEARLY 9 MONTH QUARTERLY Unit : Million Baht YoY YoY QoQ 96.8% +38.7% +26.0% +1.5% of 2021 +21,476 M.Baht +5,205 M.Baht +382 M.Baht 79,511 76,953 76,953 69,103 67,442 1,491 1,443 1,443 26,907 840 24,032 24,833 25,213 TOTAL REVENUE

  27. Slide 27: 9M/2022 consolidated EBITDA of Bt.2,990 m

    9M/2022 Consolidated EBITDA of Bt.2,990 m shows a 38.7% yoy decline YEARLY 9 MONTH QUARTERLY EBITDA YoY YoY QoQ EBITDA MARGIN -38.7% -71.5% -14.0% 7,000 6,634 15% -1,889 M.Baht -1,484 M.Baht -96 M.Baht 13% 6,000 2,500.00 15.00% 2,075 45.1% 11% 5,000 6,000.00 15.00% 4,327 4,879 13.00% of 2021 9% 5,00

  28. Slide 28: 9M/2022 consolidated net profit of Bt.1,111 m

    9M/2022 Consolidated NET PROFIT of Bt.1,111 m shows a -60.5% yoy decline YEARLY 6 MONTH QUARTERLY NET PROFIT YoY YoY QoQ 3,809 -60.5% -104.1% -130.7% 4,000.00 15.00% NET PROFIT MARGIN -1,705 M.Baht 1,375 M.Baht -230 M.Baht 3,500.00 13.00% 3,000.00 11.00% 1,400.00 1,321 10.00% 3,000.00 2,817 15.00% 1

  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 -1.2% 50,282 +2.0% 2,611 2,890 34,101 -2.8% 17,125 33,157 16,793 11,153 9,822 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: LPG sales volume outlook and 2022 forecast

    LPG Sales Volume (Tons) SALE VOLUME FORECAST 2022 Outlook % SGP - Thailand SGP Offshore Trading Sales volume (TONs) 2019 2020 2021 9M|2022 2022 Success China Vietnam SGP - Thailand 983,246.31 811,385.58 759,967.81 800,000 598,501.41 74.8% Malaysia & Singapore Total Offshore Trading 1,434,872.89 1,24

  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 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 forward

  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 — Q3 2022 Earnings Presentation on 6ix