Sahamitr Pressure Container Public Co. Ltd. · SET:SMPC
Sahamitr Pressure Container Public — 9M 2021 Earnings Presentation
35 slides from Sahamitr Pressure Container Public's earnings presentation, Dec 16, 2021
Slide 1: Opportunity Day 9M/2021 Presentation
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Opportunity Day 9M/2021 Presentation https://www.smpcplc.com Presented by: Mr. Surasak Urpsirisuk Mrs. Patama Laowong Mr. Jerawut Laowong Miss Kanya Vipanurut 16 December 2021
Slide 2: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 1 Opportunity Day
Slide 3: The Best Cylinder Manufacturer Since 1981
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED YEARS ANNIVERSARY THE BEST CYLINDER MANUFACTURER SINCE 1981 2 Opportunity Day
Slide 4: SMPC is a world leading Low Pressure Vessel manufacturer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED SMPC is a world leading Low Pressure Vessel manufacturer with customers more than 100 countries Main Products which generate major sales volume are LPG Cylinders Established in 1981 by the “Ekahitanond" family Listed in SET market in 1991 Production
Slide 5: Key Milestones
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Key Milestones “SMPC has continuously developed its business since the company’s establishment to be one of the world-leading 2020’s manufacturers of liquefied petroleum gas (LPG) 2010’s • Capacity at 10 million cylinder” • Accredited the ISO 14001
Slide 6: SMPC Recent Developments
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED SMPC Recent Developments Operational Construction of System Environment New Product Efficiency New Facilities Development Development ▪ New Machines to ▪ Factory Expansion & ▪ Barcode System ▪ Noise Reduction ▪ ASME Cylinders Improve Efficiency Prod
Slide 7: Production Process Improvement
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Production Process Improvement Factory 4 Expansion Fully Automated Spud Welding Line Production Working space expanded and machines in factory 3 for ASME The Automated Spud Welding cylinders production, construction machines are initially used in co
Slide 8: Awards and Recognition 2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Awards and Recognition 2021 November 03, 2021 SMPC received SET Awards 2021: • Outstanding CEO Award, and • Outstanding Company Performance Award 7 Opportunity Day
Slide 9: Awards and Recognition 2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Awards and Recognition 2021 October 26, 2021 SMPC received 5-Star Corporate Governance Score or “Excellent” for 2nd consecutive year in the Corporate Governance Report of Thai List Companies: CGR (2021) by the National CG Committee. June 01, 2021 SM
Slide 10: 2022 International Exhibitions
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 2022 International Exhibitions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Dec 2022 India 23-25 Mar 2022 10 Opportunity Day
Slide 11: Wide Ranges of Product Coverage
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Wide Ranges of Product Coverage Household LPG Cylinder 0.45 - 300 kg. (Water Capacity 0.9 – 1,000 lt.) Automotive LPG Cylinder Cylindrical Autogas Tanks Toroidal Autogas Tanks Other Cylinders Air Receivers 2 Piece Cylinder 0.45 – 16 kg. 3 Piece Cyli
Slide 12: World-Class Cylinder Manufacturer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED World-Class Cylinder Manufacturer “Currently, SMPC is still maintain its marketing position as one of the Top 3 LPG cylinder manufacturers in global market with various customers based in almost 100 countries” List of Top 10 Cylinder Manufacturers S
Slide 13: Business Key Success Factors
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Business Key Success Factors “Experienced in LPG cylinder business about 40 years, SMPC, currently, is one of the world-leading manufacturer who offers variety of products and service with excellent quality assurance” 1 2 Quality Product and Process
Slide 14: 5 Megatrends Towards Sustainability for SMPC
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 5 Megatrends Towards Sustainability for SMPC Human Development • Reskill Employees for Expanded Products & Processes • Collaboration • New Ways of Learning • Social Awareness & Environmental Responsibility Human Digitization Development Innovation •
Slide 15: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 14 Opportunity Day
Slide 16: About the Industry
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED About the Industry Production Consumption GLOBAL GLOBAL DEMAND IN ASIA IS FORECAST TO PRODUCTION CONSUMPTION LEAD THE WAY DECLINE OF DECLINE OF GLOBALLY 1.4% GREW OVER 3.4% 2.5% IN THE USA PRODUCTION GLOBAL RESIDENTIAL GLOBAL PRODUCTION MARKET TOPPE
Slide 17: Predicted Global LPG Consumption by region 2010-30
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Predicted Global LPG Consumption by region 2010-30 • Predicted global LPG consumption is gradual growth each year, in short to intermediate term, so there are opportunities for SMPC to grow. • Thermal efficiency of LPG and transportation flexibility
Slide 18: Predicted World LPG domestic consumption per capita
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Predicted World LPG domestic consumption per capita Volume of LPG domestic consumption per capita (Kg.) 50+ 35 – 49.9 20 – 34.99 5 – 19.99 +5 ( or no data) Room for Household LPG Demand Growth in Emerging Markets 17 Source: Argus 2021 Opportunity Da
Slide 19: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights • Utilization Rate • Sales Revenue • Financial Ratios • Dividend 04 Business Outlook 18 Opportunity Day
Slide 20: Operational Statistics: Utilization Rate 1Q20-3Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Utilization Rate Operational Statistics Utilization Rate (%) 1Q20-3Q21 Sales Volume (Million Cylinders) Utilization Rate • Sale Volume of 3Q21 decreased from 2Q21 because of shipping space lacking. Capacity 1Q20 2Q20 3Q20
Slide 21: Operational Statistics: Utilization Rate 2016-9M21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Utilization Rate Operational Statistics (Cont’d) Utilization Rate (%) 2016-9M21 Sales Volume (Million Cylinders) Utilization Rate Capacity 2016 2017 2018 2019 2020 3021 (million cylinder) Per Year 6.2 7.7 8.7 10.0 10.0 10
Slide 22: Sales Revenue by Product Category 1Q20-3Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sales Revenue by Product Category : 1Q20-3Q21 Sales Revenue (Million Baht) 1,137 1,129 1,093 3Q20 3Q21 945 956 979 903 956 million baht 1,129 million baht • Sale portion of Th
Slide 23: Sales Revenue by Product Category 2016-9M21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sale Revenue by Product Category : 2016–9M21 Sales Revenue (Million Baht) 4,330 4,453 9M20 9M21 3,973 3,472 3,256 3,170 2,995 million baht 3,170 million baht 22 Opportunity Da
Slide 24: Sales Revenue by Geography 1Q20-3Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sales Revenue by Geography : 1Q20–3Q21 Sales Revenue (Million Baht) 1,137 1,129 3Q20 3Q21 1,093 945 956 979 903 956 million baht 1,129 million baht • Demands in North America
Slide 25: Sales Revenue by Geography 2016-9M21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Sales Revenue Operational Statistics (Cont’d) Sales Revenue by Geography : 2016–9M21 Sales Revenue (Million Baht) 4,330 4,453 9M20 9M21 3,973 3,472 3,256 3,170 2,995 million baht 3,170 million baht 24 Opportunity Day
Slide 26: Margins and Profit 1Q20-3Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) GPM, EBITDA Margin and NPM (%) 1Q20-3Q21 Gross Profit, EBITDA and Net Profit (MB) 1Q20-3Q21 • GPM, EBITDA Margin and NPM of 3Q21 decreased from prior period because of stee
Slide 27: Margins and Profit 2016-9M21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) GPM, EBITDA Margin and NPM (%) 2016-9M21 Gross Profit, EBITDA and Net Profit (MB) 2016-9M21 • Compared to prior year, the Company can maintain profitability, GPM is close t
Slide 28: Leverage and Interest Coverage 1Q20-3Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht), 1Q20-3Q21 Interest Coverage Ratio (times) 1Q20-3Q21 Times million baht Times • IBD/EBITDA
Slide 29: Leverage and Interest Coverage 2016-9M21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht), 2016-9M21 Interest Coverage Ratio (times) 2016-9M21 million baht Times Times • IBD/EBITDA
Slide 30: ROE and ROA
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Financial Ratios Operational Statistics (Cont’d) ROE and ROA (%) 1Q20-3Q21 2016-9M21 29 Opportunity Day
Slide 31: Dividend Payment History
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED III. Financial Highlights : Dividend Dividend Payment History 2016 2017 2018 2019 2020 1H21 FS publication day 15/2/2017 14/2/2018 12/2/2019 21/2/2020 15/2/2021 10/8/2021 Price per share 16.60 13.40 12.10 5.65 11.70 10.90 Dividend per share 0.64 0.6
Slide 32: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 31 Opportunity Day
Slide 33: 2021 Target and Future Growth Strategy
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED IV. Business Outlook 2021 Target and Future Growth Strategy Projected Sales Volume (million cylinders) Projected Utilization (%) Capacity 2011-2013 2014 2015-2016 2017 2018 2019-2021 F2022 (million cylinder) Per Year 5.0 5.5 6.2 7.7 8.7 10.0 10.0 Pe
Slide 34: Disclaimer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Disclaimer This document is addressed solely to participants of the meeting for the purposes of their information only and is not to be distributed, in whole or in part, to any other person without prior written consent of Sahamitr Pressure Containe
Slide 35: Thank You
THANK YOU 0-2895-4139-54 Info@smpcplc.com https://www.smpcplc.com 34
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