Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q1 2021 Earnings Presentation
17 slides from Tipco Asphalt Public's earnings presentation, May 18, 2021
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 2-2021 Opportunity Day
Tipco Asphalt Public Company Limited (TASCO) 2-2021 Opportunity Day (Q1 2021 Operational Results) 18th May 2021
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 Q1 2021 Financial Performance 02 Q1 2021 Highlights 03 Sustainable Development 04 Outlook 05 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance Highlights Sustainable Development Outlook Sales & Services Revenue & Sales Volume Total Revenue • Revenue from asphalt business stood at Baht 5,468 Unit: Mil. THB million, an 7.0% increase from Q1 2020. This was 26,155 mainly attributed to the hike in selling price related to
Slide 5: Operating Gross Profit
Financial Performance Highlights Sustainable Development Outlook Operating Gross Profit Operating Gross Profit Unit: Mil. THB • The improvement in gross profit was mainly 5,554 2021 2020 due to the higher retail sales volume especially from the Thailand, Vietnam and Cambodia 2,504 2,567 markets toge
Slide 6: EBITDA & Net Profit
Financial Performance Highlights Sustainable Development Outlook EBITDA & Net Profit EBITDA Unit: Mil. THB • The Group’s cashflow generated from operations stood 5,591 at Baht 1,059 million compared to Baht 379 million in the corresponding period of 2020 mainly from an 2,361 improvement of gross pro
Slide 7: Debt to Equity Ratio
Financial Performance Highlights Sustainable Development Outlook Debt to Equity Ratio Debt/Equity Ratio 0.81 0.67 0.42 Q1 2020 Q4 2020 Q1 2021 Total liabilities/Total equity The Group’s consolidated debt to equity ratio (D/E ratio) was 0.67 comparing to 0.81 in the corresponding period a year ago du
Slide 8: Key Ratios and Historical Dividend
Financial Performance Highlights Sustainable Development Outlook Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2021 2020 2021 20202 33.9 23.9 25.4 18.0 19.3 25.0 17.8 11.6 12.6 8.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months net profi
Slide 9: Q1 2021 Highlight
Financial Performance Highlights Sustainable Development Outlook Q1 2021 Highlight Refinery & Crude Domestic and International market Road related budget in Thailand Unit: Billion Baht Domestic Market • 2021 road related budget grew comparing to 173.4 2020 budget 165.2 163.9 • Despite low focus on p
Slide 10: Q1 2021 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance Highlights Sustainable Development Outlook Q1 2021 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 80.1 80.1 76.0 74.9 70.1 71.4 71.2 67.2 68.1 65.3 68.9 67.1 61.5 64.7 62.9 71.2 60.0 68.3 61.1 57.3 63.6 52.2 63.5
Slide 11: Sustainable Development Framework
Financial Performance Highlights Sustainable Development Outlook Sustainable Development Framework • In line with the Group’s Vision 2025 strategic plan, our sustainable development strategies were formulated around economic, environment and social aspects, each of which is accompanied by series of
Slide 12: 3 Sustainable Development Strategies
Financial Performance Highlights Sustainable Development Outlook 3 Sustainable Development Strategies • Through our materiality analysis, our 3 SD strategies were crystalized into (i) innovation (ii) eco-efficiency and (iii) public safety, corresponding to economic, environment and social aspects, r
Slide 13: 2 Sustainable Development Foundations
Financial Performance Highlights Sustainable Development Outlook 2 Sustainable Development Foundations • Our good corporate governance and building value for the future are strong foundation pillars for SD works. We constantly spend great efforts to enhance good corporate and applied across our busi
Slide 14: Our Sustainable Development and CG Recognitions & Awards
Financial Performance Highlights Sustainable Development Outlook Our Sustainable Development and CG Recognitions & Awards 3 consecutive years 2 consecutive years Received the Prime Recertification 3 consecutive years Minister’s Industry Award2020 Included in the Thailand Recognition by Thaipat Achie
Slide 15: Outlook - Refinery
Financial Performance Highlights Sustainable Development Outlook Outlook - Refinery • The refinery resumes normal operation • Currently, the Group’s management is in the final process of negotiating insurance claim with the insurance company 2018 2019 2020 Total Key events July 2018: Fire Feb 2019:
Slide 16: Outlook - Domestic and International market
Financial Performance Highlights Sustainable Development Outlook Outlook - Domestic and International market Domestic Market • Q2/2021 sales volume still benefit from ongoing government budget disbursement • Domestic asphalt selling price is still strong due to the high demand International Market •
Slide 17: Thank You
THANK YOU Any queries, please contact: At email: investors@tipcoasphalt.com Tel: 662-273-6642 www.tipcoasphalt.com
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