Sahamitr Pressure Container Public Co. Ltd. · SET:SMPC
Sahamitr Pressure Container Public — H1 2024 Earnings Presentation
32 slides from Sahamitr Pressure Container Public's earnings presentation, Aug 20, 2024
Slide 1: Opportunity Day 1H2024 Presentation
Opportunity Day 1H2024 Presentation 20 Aug 2024 Presented by :Mrs. Patama Laowong Mr. Jerawut Laowong Miss Kanya Vipanurut 92 Soi Thientalay 7 (4th Intersection), Bangkhunthien - Chaitalay Road, Samaedam, Bangkhunthien, Bangkok 10150,| Tel: (+66 2) 895-4139-54 Fax: (+66 2)416-5534
Slide 2: Agenda
World Class LPG Cylinder Manufacturer of Thailand 1 SMPC Overview ● Company Profile ● Continuous Improvements ● CSR Activities ● Products ● International Exhibitions 2 Industry Overview Agenda 3 Financial Highlights 4 Business Outlook 1 Opportunity Day
Slide 3: SMPC Overview: Company Profile
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Company Profile “SMPC is a world leading low pressure vessel manufacturer with customers in more than 100 countries” Bangkok, Thailand 2 Opportunity Day
Slide 4: CSR Activities: "Dinsaw" Robot
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: CSR Activities “Dinsaw” Robot 15 May 2024 26 June 2024 31 July 2024 VENERABLE THAWISAK CHAROENKRUNG RATCHAPHIPHAT HOSPITAL JUTINDHARO HOSPITAL PRACHARAK HOSPITAL SMPC Donates “Dinsaw” Robots to SMPC Donates “Dinsaw” Robots to SMPC D
Slide 5: International Exhibitions in 1H24
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: International Exhibitions International Exhibitions in 1H24 13-15 March 2024 17-18 April 2024 18-19 July 2024 SMPC Attended 37th AIGLP Congress SMPC Attended 1st Southern Africa SMPC Attended 5th West Africa LPG in Rio De Janeiro, B
Slide 6: International Exhibitions 2024
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: International Exhibitions International Exhibitions 2024 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec South Africa 5 Opportunity Day
Slide 7: 5 Megatrends Towards Sustainability for SMPC
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Continuous Improvements 5 Megatrends Towards Sustainability for SMPC Human Development • Employee Upskill & Reskill • Knowledge Management System • Promote Innovation Culture Digital Transformation Human • Succession Plan and Career
Slide 8: Wide Range of Product Coverage
World Class LPG Cylinder Manufacturer of Thailand I. SMPC Overview: Products Wide Range of Product Coverage Household LPG Cylinder 0.45 - 300 kg. (Water Capacity 0.9 – 750 lt.) Automotive LPG Cylinder Cylindrical Autogas Recreational Toroidal Autogas Tanks Vehicles Tanks Tanks Thailand Other Cylinde
Slide 9: Agenda
World Class LPG Cylinder Manufacturer of Thailand 1 SMPC Overview 2 Industry Overview ● Statistical of Global LPG Agenda ● Global LPG Consumption 3 Financial Highlights 4 Business Outlook 8 Opportunity Day
Slide 10: About the Industry
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Statistical of Global LPG About the Industry Production Consumption GLOBAL GLOBAL DEMAND IN ASIA IS FORECAST TO PRODUCTION CONSUMPTION LEAD THE WAY INCREASED PRODUCTION INCREASED GLOBALLY OF 3.5% GREW OVER 6.6% OF 3.5% IN THE USA P
Slide 11: Predicted Global LPG Consumption by Region 2010-2030
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Global LPG Consumption Predicted Global LPG Consumption by Region 2010-2030 • Predicted global LPG consumption is gradual growth annually, there are opportunities for SMPC to grow in short to intermediate term. • Thermal efficiency
Slide 12: % of Population with Access to Clean Cooking Fuels
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Global LPG Consumption % of Population with Access to Clean Cooking Fuels Access to clean fuels or technologies such as clean cookstoves reduce exposure to indoor air pollutants, a leading cause of death in low-income households. S
Slide 13: Household LPG Consumption by Region
World Class LPG Cylinder Manufacturer of Thailand II. SMPC Overview: Global LPG Consumption Household LPG Consumption by Region Global increase (2021-2022) 0.61%, regional growth in all regions except Europe & Africa Domestic Consumption Growth (2021-2022) by Continents 2022 Domestic Consumption by
Slide 14: Agenda
World Class LPG Cylinder Manufacturer of Thailand 1 SMPC Overview 2 Industry Overview Agenda 3 Financial Highlights ● Utilization Rate ● Sales Revenue ● Financial Ratios ● Dividend 4 Business Outlook 13 Opportunity Day
Slide 15: Utilization Rate(%)
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Utilization Rate Utilization Rate(%) 1Q23 - 2Q24 2019 – 1H24 Sales Volume Sales Volume (Million Cylinders) Utilization Rate(%) (Million Cylinders) Utilization Rate(%) 2.0 80% 8.0 7.2 80% 1.6 1.8 1.7 6.9 1.6 70% 7.0 6.2 70%
Slide 16: Sales Revenue by Product Category: 1Q23 - 2Q24
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Product Category: 1Q23 - 2Q24 Others 8% Sales Revenue Three-Piece (Million Baht) 20% 1,400 2Q23 1,200 1,128 1,144 1,135 1,128 million baht 1,036 1,000 816 831 Two-Piece 72% 800 600 Others 7% ↓
Slide 17: Sales Revenue by Product Category: 1H23 – 1H24
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Product Category: 1H23 – 1H24 Others 10% Others 9% Others 6% Three-Piece Three-Piece 21% 21% Three-Piece 27% 1H23 2H23 1H24 1,944 million baht 1,867 million baht 2,279 million baht Two-Piece 6
Slide 18: Sales Revenue by Product Category: 2019 – 1H24
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Product Category: 2019 – 1H24 Others 10% Sales Revenue (Million Baht) Three-Piece 24% 6,000 5,248 2023 5,000 3,811 million baht 4,550 3,973 4,000 3,811 Two-Piece 66% 3,256 3,000 2,279 Others 6
Slide 19: Sales Revenue by Geography: 1Q23 – 2Q24
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Geography: 1Q23 – 2Q24 Middle East 17% Africa Europe 29% Sales Revenue 5% (Million Baht) Oceania 2Q23 1,400 8% 1,128 million baht South America Asia Pacific 1,200 1,128 1,144 1,135 1% 1,036 3%
Slide 20: Sales Revenue by Geography: 1H23 – 1H24
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Geography: 1H23 – 1H24 Middle East Middle East Middle East Europe 2% 3% 13% Europe 9% Europe 18% Africa Oceania 18% Africa 4% Africa 7% 33% Oceania 27% South America 9% 1H23 2H23 Asia Pacific
Slide 21: Sales Revenue by Geography: 2019 – 1H24
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Sales Revenue Sales Revenue by Geography: 2019 – 1H24 Middle East 8% Europe Africa 11% 23% Sales Revenue (Million Baht) 6,000 Oceania 10% 2023 Asia Pacific 5,248 3,811 million baht 7% South America 5,000 4,550 1% Domestic 3
Slide 22: Profitability Ratios
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Profitability Ratios GPM, EBITDA Margin and NPM (%) 1Q23-2Q24 Gross Profit, EBITDA and Net Profit (MB) 1Q23-2Q24 24.8% 282 20.0% 19.8% 225 227 231 18.7% 17.8% 208 197 18.9% 193 185 13.0% 156 155 154 16.2% 1
Slide 23: Profitability Ratios
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Profitability Ratios GPM, EBITDA Margin and NPM(%) 2019-1H24 Gross Profit, EBITDA and Net Profit(MB) 2019-1H24 24.4% 25.7% 1,349 24.0% 20.5% 22.3% 19.9% 20.1% 1,094 1,113 19.1% 17.6% 970 15.7% 838 928 17.9%
Slide 24: Profitability Ratios: ROE and ROA
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Profitability Ratios ROE and ROA(%) 1Q23-2Q24 2019-1H24 23.2% 31.0% 31.5% 32.0% 18.9% 17.7% 17.8% 17.5% 14.2% 13.5% 20.9% 27.2% 18.9% 15.6% 24.1% 14.1% 14.4% 22.7% 11.8% 13.5% 11.7% 18.4% 15.6% 11.8% 1Q23 2
Slide 25: Leverage Ratios
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Leverage Ratios IBD* to Equity Ratio, IBD* to EBITDA Ratio(times) Financial Cost(million baht), 1Q23-2Q24 Interest Coverage Ratio(times) 1Q23-2Q24 1.5 60 50x 1.3 42.3 1.2 1.1 50 40x 1.0 40 27.8 29.9 0.8 26.
Slide 26: Leverage Ratios
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Financial Ratios Leverage Ratios IBD* to Equity Ratio, IBD* to EBITDA Ratio(times) Financial Cost(million baht), 2019-1H24 Interest Coverage Ratio(times) 2018-1H24 1.3 60 120x 1.1 102.2 0.9 50 86.9 100x 0.8 40 80x 0.6 0.5 3
Slide 27: Dividend Payment History
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Dividend Dividend Payment History 2.00 69% 65% 60% 60% 61% 61% 1.55 60% 1.60 1.36 1.20 1.16 1.00 40% 0.80 0.82 0.80 0.70 0.69 0.66 0.42 0.42 0.40 20% 0.40 0.00 0% 2019 2020 2021 2022 2023 1H24 Earning Per Share Dividend per
Slide 28: Dividend Payment Timeframe
World Class LPG Cylinder Manufacturer of Thailand III. Financial Highlights: Dividend Dividend Payment Timeframe BOARD APPROVAL XD RECORD DATE PAYMENT DATE START END 8 Aug 2024 21 Aug 2024 22 Aug 2024 6 Sep 2024 27 Opportunity Day
Slide 29: Agenda
World Class LPG Cylinder Manufacturer of Thailand 1 SMPC Overview 2 Industry Overview Agenda 3 Financial Highlights 4 Business Outlook ● Target and Future Growth Strategy 28 Opportunity Day
Slide 30: 2024 Target and Future Growth Strategy
World Class LPG Cylinder Manufacturer of Thailand IV. Business Outlook: Target and Future Growth Strategy 2024 Target and Future Growth Strategy Projected Sales Volume(million cylinders) Projected Utilization(%) Actual Actual Forecast Forecast 8.3 7.5 6.9 6.8 6.2 70% 70% 83% 5.4 61% 75% 55% 68% 3.3
Slide 31: Disclaimer
World Class LPG Cylinder Manufacturer of Thailand 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 Container
Slide 32: Thank You
World Class LPG Cylinder Manufacturer of Thailand THANK YOU 0-2895-4139-54 Info@smpcplc.com h t t p s : / / w w w. s m p c p l c . c o m 31 Opportunity Day
Sahamitr Pressure Container Public — H1 2024 Earnings Presentation on 6ix