BG Container Glass PCL · SET:BGC

BG Container Glass PCL — BG Container Glass Public Company — Q2 2022 Earnings Presentation

24 slides from BG Container Glass PCL's earnings presentation, Aug 17, 2022

  1. Slide 1: Opportunity Day 2Q22 Performance

    Opportunity Day 2Q22 Performance 17 August 2022 BG Container Glass Public Company Limited

  2. Slide 2: Executive Summary

    EXECUTIVE SUMMARY 2Q/2022 Sales Performance Prioritize Sustainable Growth and Innovative Products ➢ +12% Sales Growth YoY from +6% price and +6% volume. ➢ Continuously innovated by Technology Innovation Center (TIC) ➢ Impressive export sales +124% YoY, contribute 10% of total sales. ➢ Lightweight Pr

  3. Slide 3: Agenda

    AGENDA 1 COMPANY OVERVIEW Business Overview and Updates 2 INDUSTRY UPDATES Industry Outlook 3 STRATEGY Strategic Directions 4 FINANCIAL PERFORMANCE Operational Results and Explanation

  4. Slide 4: Glass Business: Thailand's Leading Glass Manufacturer with 5 strategic locations

    1. Glass Business: Thailand’s Leading Glass Manufacturer with 5 strategic locations across the country Revenue Breakdown by Product Type Production Capacity Unit: Million Baht Unit: Tons, %, PPM +11.0% YoY -17.4% QoQ 88.3% OEE (%) 3,462 87.9% Others +9.6% YoY 11% 2,861 87.5% 2,577 1% Insecticide & D

  5. Slide 5: Packaging Business: Revenue Breakdown and Capacity

    2. Packaging Business: Revenue Breakdown and Capacity Revenue Breakdown by Product Type Production Capacity Unit: Million Baht, % BVP (Paper Packaging ) 52.0% YoY Unit: % 47.3% QoQ 90.7% 86.1% Utilization 82.6% 725 Efficiency 74.5% 74.4% 74.7% Paper 2Q21 1Q22 2Q22 477 492 58% +108.7% YoY BGP (Plasti

  6. Slide 6: Energy & Raw Material Price Trends

    Energy & Raw Material Price Trends: Energy 130 800 Brent Crude Oil 110 700 & SFO Brent USD/BBL Unit: USD/MT Unit: USD/BBL 600 90 • Upward trend in 2Q22 Energy 500 70 400 • Impact from Russia- 50 SFO USD/MT Ukraine conflict 300 • Post-Covid 30 200 consumption recovery 10 100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1

  7. Slide 7: Agenda

    AGENDA 1 COMPANY OVERVIEW Business Overview and Updates 2 INDUSTRY UPDATES Industry Outlook 3 STRATEGY Strategic Directions 4 FINANCIAL PERFORMANCE Operational Results and Explanation

  8. Slide 8: Impact and Actions to BGC

    Impact and Actions to BGC GLOBAL THAILAND’S MACRO FACTORS PACKAGING PACKAGING Global economic slowdown: Changes in packaging trends: Continuous growth for packaging: Awareness on environment Legislation Inflation Strong focus on Banning single-use sustainable packaging packaging Fluctuation in freig

  9. Slide 9: Agenda

    AGENDA 1 COMPANY OVERVIEW Business Overview and Updates 2 INDUSTRY UPDATES Industry Outlook 3 STRATEGY Strategic Directions 4 FINANCIAL PERFORMANCE Operational Results and Explanation

  10. Slide 10: Maintain Strong Core Business with Sustainable Growth; Diversify into New Businesses

    “With our World class Total Packaging Solutions, BGC commits to BRINGING GOOD VALUE TO EVERYONE EVERYDAY” 1. Maintain Strong Core Business with 2. Diversify into New Businesses Sustainable Growth Stabilizing Organic Expand Customer Supply Capacity International Relationship Grow Synergy with Expansi

  11. Slide 11: Enhance Operational Efficiency - Innovative Products

    3. Enhance Operational Efficiency - Innovative Products Multi Design Printing Duo Arch Example: Corrugated 4 Layers Normal: Multi design printing: 1 roll = 1SKU = 17,699 units 1 Roll = 12 SKU = 1,475 units/SKU Liner Paper Kraft Load Line The combination of corrugated Type C resulting Benefits to BGC

  12. Slide 12: Prioritize Sustainable Growth - Carbon Emission in YE2021

    4. Prioritize Sustainable Growth - Carbon Emission in YE2021 Glass Packaging Business (98%) Packaging Business (2%) 719,483 tonsCO2e 13,960 tonsCO2e BGC-Glass Emission BGC-Packaging Emission BGC- PTI 98% Glass 20% 98% BVP Total Emission AGI 733,443 11% BGCG AY1 48% 13% TonsCO2e AY2 80% BGCP 9% RBI 2

  13. Slide 13: Prioritize Sustainable Growth - Carbon Emission Directions

    4. Prioritize Sustainable Growth - Carbon Emission Directions Moving Forward to be “Carbon Neutral” in 2050 Key Projects Since 2019, The company has reduced CO2 10% 30% emission by up to 1,256,403 Tons - Goals Short-Term Medium-Term Long-Term Equivalent to planting >37 million Teak trees.1 2021-2025

  14. Slide 14: Agenda

    AGENDA 1 COMPANY OVERVIEW Business Overview and Updates 2 INDUSTRY UPDATES Industry Outlook 3 STRATEGY Strategic Directions 4 FINANCIAL PERFORMANCE Operational Results and Explanation

  15. Slide 15: 2Q22 VS 2Q21 Key Financial Highlights

    2Q22 VS 2Q21 KEY FINANCIAL HIGHLIGHTS OPERATING GROSS GROSS PROFIT REVENUE PROFIT MARGIN 3,388 410 12.1% Million Baht Million Baht +7.6% -25.2% -531 bps YoY YoY YoY 108 3.2% Million Baht -11.5% -68 bps YoY YoY NET NET PROFIT PROFIT MARGIN 15

  16. Slide 16: 6M22 VS 6M21 Key Financial Highlights

    6M22 VS 6M21 KEY FINANCIAL HIGHLIGHTS OPERATING GROSS GROSS PROFIT REVENUE PROFIT MARGIN 7,355 1,000 13.6% Million Baht Million Baht +12.6% -11.7% -374 bps YoY YoY YoY 325 4.4% Million Baht +4.8% -34 bps YoY YoY NET NET PROFIT PROFIT MARGIN 16

  17. Slide 17: 3M - Performance Breakdown (Consolidated)

    3M - Performance Breakdown (Consolidated) 2Q22 VS 2Q21 Driven by Item 2Q22 % 2Q21 % Var. % • Glass Container +306 MB • Packaging +62 MB Operating Revenue 3,388 100% 3,020 100% 368 12% • Volume increased by 6% Cost of Goods Sold (2,978) -88% (2,533) -84% (445) 18% • Price increased by 6% Gross Profit

  18. Slide 18: 6M - Performance Breakdown (Consolidated)

    6M - Performance Breakdown (Consolidated) 6M22 VS 6M21 Item 6M22 % 6M21 % Var. % Driven by • Glass Container +895 MB Operating Revenue 7,355 100% 6,313 100% 1,042 17% • Packaging +122 MB Cost of Goods Sold (6,355) (86%) (5,267) (83%) (1,088) 21% • Volume increased by 13% • Price increased by 4% Gros

  19. Slide 19: 2Q 2022 Key Operating Results

    2Q 2022 Key Operating Results Revenue Breakdown by Business Group Unit: Million Baht YoY: 6M21 vs 6M22 +12.6% +12.6% YoY 6M22, sales increased by 824 MB or 12.6% YoY mainly due to: • Glass: +895 MB or 16.1% YoY from higher sales of beer and soft drinks, as well as increasing export sales. +7.6% YoY

  20. Slide 20: Gross Profit and Gross Profit Margin

    Gross Profit and Gross Profit Margin Gross Profit and Gross Profit Margin Net Profit and Net Profit Margin Unit: Million Baht 17.4% 19.1% 17.3% Gross Profit 3.9% 4.5% 5.5% 4.7% 4.4% 13.9% 14.9% 13.6% 2.8% 3.2% Net Profit 12.1% Margin Margin -11.7% +4.8% YoY -11.5% YoY YoY 1,132 -50.2% -25.2% YoY 10%

  21. Slide 21: Statement of Financial Position (As of 30 June 2022)

    Statement of Financial Position (As of 30 June 2022) Total Assets Total Liability and Shareholder Equity Unit: Million Baht, % Unit: Million Baht,% -20.8% YoY -20.8% YoY 18,708 18,708 Other Asset 6% 1,088 10% 1,897 Liabilities held for sale Asset held for sales 22% 4,173 14,825 14,825 13% 2,384 15%

  22. Slide 22: Key Financial Ratios

    Key Financial Ratios Working Capital Current Ratio Debt to Equity Unit: Days Unit: Times Unit: Times 0.85 47.9 2.41 0.61 2.10 35.8 1.85 32.1 0.49 2020 2021 2022 2020 2021 2022 2020 2021 2022 ROA ROE Net Debt to EBITDA Unit: % Unit: % Unit: Times 11.1 3.6 3.4 10.4 3.65 3.59 3.2 3.46 9.8 2020 2021 202

  23. Slide 23: Thank You

    THANK YOU Please Kindly Provide Feedback 23

  24. Slide 24: Disclaimers

    DISCLAIMERS This presentation may contain forward-looking statements which are based on the Company’s current expectations and estimates about the industry, the management’s beliefs and various other assumptions. These forward-looking statements are subject to various risks, uncertainties and other

BG Container Glass Public Company — Q2 2022 Earnings Presentation on 6ix