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

Siamgas & Petrochemicals Public — Q1 2023 Earnings Presentation

34 slides from Siamgas & Petrochemicals Public's earnings presentation, 2023

  1. Slide 1: 1Q/2023 Performance

    1Q/2023 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 2

  3. Slide 3: Major Shareholders

    Domestic Fund MAJOR SHAREHOLDERS 0.1% (Weeraborwornpong Group) PUBLIC Retail 55.3 13.5% Foreign 821.32 % 29.7% Million Shares 1,837.86 Thai NVDR 1.4% Million Shares PUBLIC 44.7 % Latest book closing : On 14 MAR 2023 3

  4. Slide 4: Company history and business milestones

    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: Businesses in Thailand and overseas

    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 Overseas highlights

    THAILAND Domestic sale volume in Q1/2023 increases 3.90% compare to the same period last year due to demand increases in Automotive and Industrial sector which increases 11.8% and 7.9% respectively. Domestic sale volume of SGP is little lower than the target at 23.4%. Open new filling plant at Nong

  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 8

  9. Slide 9: SGP Terminal

    SGP Terminal Fill in LPG cylinder for delivery. Transport LPG from separation plant by truck tanker to the Company’s Terminal and Depot. Sathupradit Terminal Bangpakong Terminal Suksawat Terminal Songkhla Terminal Suratthani Terminal (2) Transport LPG from refineries by vessel to Nakornsawan Depot t

  10. Slide 10: LPG Proportion

    YoY: Total +3.9% | SGP +0.2% -5.3 % -10.8 +7.4 % -0.5 % 3,799 % QoQ: Total +0.03% | SGP -2.4% 3,389 3,372 3,620 Unit : ‘000 tons Quarter 856.64 890.29 890.59 Year -3.3 % -15.4 -5.8 % % +5.3 % 952 805 891 759 799 198.53 TOTAL 203.80 198.97 199 SIAMGAS 2019 2020 2021 2022 3M/2023 1Q'22 4Q'22 1Q'23 LPG

  11. Slide 11: LPG sales volume by sector

    YoY: Total +0.2% | SGP -3.1% -1.8 -4.4 +0.8 % +1.2 % % % QoQ: Total -0.4% | SGP -2.8% 2,125 2,033 2,049 2,074 Unit : ‘000 tons Quarter 522.98 525.82 523.91 Year -4.2 % -11.7 -2.6 -0.3 % % % 569 LPG 502 489 488 524 123.83 123.45 120.04 TOTAL 120 SIAMGAS 2019 2020 2021 2022 3M/2023 1Q'22 4Q'22 1Q'23 4

  12. Slide 12: LPG sales volume by sector

    YoY: Total +11.8% | SGP +14.7% -12.6 % 1,023 -26.4 +25.4 QoQ: Total -2.0% | SGP -0.7% % -14.4 % % Unit : ‘000 tons 752 807 644 Quarter 191.78 187.98 168.10 Year -2.3 % -24.5 -24.2 +16.5 % % % 223 188 169 128 149 TOTAL 33.20 38.35 38.08 38 SIAMGAS 2019 2020 2021 2022 3M/2023 1Q'22 4Q'22 1Q'23 Others

  13. Slide 13: LPG sales volume by sector

    YoY: Total +7.9% | SGP +25.3% +8.8 -3.8 +12.4 % % -7.2 % % QoQ: Total +3.5% | SGP +10.9% 651 739 604 679 Unit : ‘000 tons Quarter 165.56 172.69 178.71 Year -1.4 -15.6 +14.7 +5.4 % % % % 179 LPG 160 135 142 163 TOTAL 32.60 36.84 40.84 41 SIAMGAS 2019 2020 2021 2022 3M/2023 1Q'22 4Q'22 1Q'23 50.2% Mar

  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 14

  15. Slide 15: LPG and oil prices

    940 USD/TON 895 870 850 1000 800 795 Propane [C3] 790 775 LPG 750 900 740 725 720 960 Butane [C4] 920 670 665 660 650 650 800 625 620 860 610 605 590 590 830 560 550 795 700 790 530 775 750 750 495 740 725 710 600 665 660 655 650 630 620 610 605 595 500 585 560 530 530 525 400 2021 2022 2023 475 300

  16. Slide 16: Thailand LPG sales volume

    YoY +7.6% QoQ +3.0% 1,434,873 Quarter 1,416,870 1,426,789 Year 1,241,420 381,272 370,213 354,407 tons tons 2019 2020 2021 2022 3M/2023 1Q|22 4Q|22 1Q|23 O 1,600,000 Third Party u Target Total sales 381,272 Ton 65.47% t 582,388 12.9% l tons growth Subsidiary o 201,117 Ton o 23.8% 34.53% k success 16

  17. Slide 17: Overseas LPG sales volume

    YoY -10.8% QoQ -24.0% Quarter 1,416,848 1,382,207 Year 1,194,386 1,100,025 434,970 370,476 330,494 tons tons 2019 2020 2021 2022 3M/2023 1Q|22 4Q|22 1Q|23 O 1,588,500 u Target t 14.9% l CHINA MALAYSIA VIETNAM SINGAPORE LAOS growth 266,582 TON 37,464 TON 21,900 TON 4,422 TON 127 TON o o 20.8% 80.6% 1

  18. Slide 18: Offshore trading sales volume

    YoY -1.8% QoQ -11.6% 2,851,721 Quarter 2,799,077 Year 2,526,815 2,435,806 805,183 711,766 724,882 tons tons 2019 2020 2021 2022 3M/2023 1Q|22 4Q|22 1Q|23 Proportion sale by country O 3,188,500 u Target t 13.9% 53.6% 37.4% 5.3% 3.1% 0.6% 0.1% l Trading China Malaysia Vietnam Singapore Laos growth o o

  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 19

  20. Slide 20: Power Plant

    POWER PLANT 20

  21. Slide 21: Combined cycle and diesel power plant sales

    230 MW. 10 MW. COMBINE CYCLE POWERPLANT DIESEL POWERPLANT SELL TO GOVERNMENT >>> SELL TO HOUSEHOLD >>> SELL TO HOUSEHOLD >>> ANNUALLY | SALE VOLUME (MW.) ANNUALLY | SALE VOLUME (MW.) +8.1% -6.6% YoY YoY 1,358,415 +32.5% +2.6% 1,268,385 -10.8% -7.0% -11.8% 1,131,506 6,580 6,750 -16.9% -21,848 MW. 5,6

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

    LIQUID TANK FARM AND DEEP SEA PORT 22

  23. Slide 23: Liquid tank farm service 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 31 As 30 (Mil.Liter) Dec 2022 Dec 2022 +63.5% YoY 1 15.27 4 (avg. 3.82/unit) 2 2 1,969,494 -84.5% 2 27.05 4 1,204,225 -285,974 Barrel

  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 24

  25. Slide 25: Revenue structure 3M/2023 vs 3M/2022

    3M/2023 3M/2022 Thailand 23.5% Thailand 16.3% (Thailand LPG, Logistic & Other) (Thailand LPG, Logistic & Other) Oversea 76.5% Oversea 83.7% (Offshore Trading & Retail Oversea Business) (Offshore Trading & Retail Oversea Business) 24,760 Million Baht 26,907 Million Baht Offshore Offshore 40.9% 37.8%

  26. Slide 26: 3M/2023 consolidated revenue

    3M/2023 Consolidated REVENUE of Bt.24,760 m shows a 5.7% yoy decline YEARLY QUARTERLY Unit : Million Baht YoY QoQ -8.0% -5.7% +29.8% -2,147 M.Baht -1,483 M.Baht 103,198 +49.2% 1,587 +12.0% +4.1% -2.4% 79,511 -7.7% +1.5% -5.7% 26,907 26,243 TOTAL -17.5% 24,833 25,215 24,760 67,442 1,491 REVENUE 242 1

  27. Slide 27: 3M/2023 consolidated EBITDA

    3M/2023 Consolidated EBITDA of Bt.867 m shows a 49.4% yoy decline YEARLY QUARTERLY EBITDA YoY QoQ EBITDA MARGIN -49.4% +55.9% +53.3% -846 M.Baht +310 M.Baht 7,000.00 6,634 15.00% 6,000.00 13.00% -2.4% +30.5% 11.00% 1,800.00 1,713 15.00% -46.5% 5,000.00 +25.0% 4,327 9.00% 1,600.00 13.00% 4,000.00 3,3

  28. Slide 28: Consolidated net profit

    3M/2022 Consolidated NET PROFIT of Bt.284 m shows a -71.3% yoy decline YEARLY QUARTERLY Net Profit YoY QoQ Net Profit Margin -71.3% +588.4% +84.7% -706 M.Baht +325 M.Baht -0.3% 4,000.00 3,809 7.00% 1,200.00 989 5.00% 3,500.00 1,000.00 3.68% 4.00% 6.00% 3,000.00 +51.6% 5.00% 800.00 3.00% 2,500.00 4.7

  29. Slide 29: Assets, liabilities, equity and interest-bearing 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 +13.0% 53,190 47,072 3,980 +19.2% 37,180 +0.8% 3,457 9,857 31,191 15,880 16,010 6,390 7,798 Million

  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 30

  31. Slide 31: Outlook 2023 LPG sales volume

    LPG Sales Volume (Tons) OUTLOOK 2023 Sales volume (TONs) 2020 2021 2022 Outlook 2023 3M|2023 % Success SGP - Thailand SGP Offshore Trading SGP - Thailand 811,385.58 759,967.81 803,364.39 860,000.00 205,326.01 23.9% China Vietnam Offshore Trading 1,241,419.64 1,426,789.43 1,416,869.82 1,600,000.00 38

  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 32

  33. Slide 33: Dividend policy and historical dividend payment

    DIVIDEND POLICY HISTORICAL DIVIDEND PAYMENT The Company has established the policy to pay dividends to the shareholders at the rate of Interim 2022 0.20 0.20 0.80 Final not less than 40% of the net profit after 2021 0.20 corporate income tax, accumulated loss 2020 0.10 0.40 2019 0.10 0.25 brought fo

  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 — Q1 2023 Earnings Presentation on 6ix