Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q2 2025 Earnings Presentation
19 slides from Tipco Asphalt Public's earnings presentation, Aug 19, 2025
Slide 1: Opportunity Day Q2/2025
Opportunity Day Q2/2025 19 August 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 Q2/2025 Highlights 03 Sustainability 04 Outlook
Slide 4: Financial Performance
01 Financial Performance
Slide 5: Revenue
Revenue Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons Unit: Mil. THB 2025 2024 +28% +26% 2025 2024 0.57 12,844 +22% 0.45 +21% 10,025 0.29 6,780 6,064 0.28 0.22 0.23 5,009 5,016 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Total Revenue Construction Business - Revenue Unit: Mil.
Slide 6: Operating Gross Profit
Operating Gross Profit Operating Gross Profit Average Selling price Unit: Mil. THB +74% Unit: USD/bbl. 2025 2024 1,453 +47% +1.8% vs Q1 25 835 99.4 730 723 95.7 88.4 97.3 492 90.3 91.9 343 88.9 78.4 78.4 Q1 Q2 Q3 Q4 YTD Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Gross Profit Margin (net h
Slide 7: EBITDA and Net Profit
EBITDA and Net Profit SG&A %SG&A Unit: Mil. THB 2025 2024 %to sales 2025 %to sales 2024 5.3% 5.1% +9.3% +5.5% 3.8% 4.4% 612 580 4.7% 306 300 306 280 4.3% 4.1% Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD EBITDA Net Profit Unit: Mil. THB Unit: Mil. THB 690.4% 2025 2024 2025 2024 845 1,655 +111.7% +77.1% 304.5% 86
Slide 8: Key Ratios and Historical Dividend
Key Ratios and Historical Dividend Debt / Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % Unit: % 0.56 0.56 2025 2024 2025 2024 0.51 0.50 14.2 0.48 11.2 8.7 7.0 6.8 10.2 6.7 12.1 8.5 3.4 3.6 6.5 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of la
Slide 9: Q2 2025 Highlights
02 Q2 2025 Highlights
Slide 10: Q2 2025 Highlights
Q2 2025 Highlights • The domestic asphalt market demonstrated a strong recovery compared to the same period last year, as 1H 2024 faced challenges related to delays in government budget disbursement in Thailand. However, due to intermittent rainfall, the volume slightly decreased compared to the pre
Slide 11: Q2 2025 Highlights
Q2 2025 Highlights In June 2025, the government approved an economic stimulus budget for the current fiscal budget year. This included an allocation of Baht 47.5 billion for transportation infrastructure investment to be tendered in the next 2 months. Majority of this budget allocation goes to maint
Slide 12: Sustainability Updates
03 Sustainability Updates 12
Slide 13: Sustainability Recognition
Sustainability Recognition Domestic International Sustainability Assessment Sustainability Assessment Assessment is in progress “Excellent” One of the ESG100 top companies with AGM Checklist outstanding performance in sustainable business operations in ESG aspects by Thaipat Institute Completed asse
Slide 14: Progress on Climate Strategic Project
Progress on Climate Strategic Project Material Topics Progress update 1. Commitment to Climate Change 2. Eco-Efficiency Operation and • Solar Roof project has commenced on 1st Circularity April 2025 at Surat Thani plant (1st location). Project Solar Roof 2.6% • 1H 2025 proportion of electricity cons
Slide 15: Outlook
04 Outlook
Slide 16: Outlook
Outlook Feedstock • Sufficient supply of the hard penetration grade asphalt for more than 6 months. • Expect to procure one additional cargo in 2025. • Although the 3rd quarter is typically a slow period, we expect Domestic Market demand momentum to continue, driven by the approval of the government
Slide 17: Q&A
Q&A
Slide 18: 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 20
Slide 19: THANK YOU
THANK YOU www.tipcoasphalt.com