Sahamitr Pressure Container Public Co. Ltd. · SET:SMPC
Sahamitr Pressure Container Public — FY2021 Earnings Presentation
36 slides from Sahamitr Pressure Container Public's earnings presentation, Feb 28, 2022
Slide 1: Opportunity Day YE2021 Presentation
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Opportunity Day YE2021 Presentation https://www.smpcplc.com Presented by: Mr. Surasak Urpsirisuk Mrs. Patama Laowong Mr. Jerawut Laowong Miss Kanya Vipanurut 28 February 2022
Slide 2: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 1 Opportunity Day
Slide 3: SMPC is a world leading Low Pressure Vessel manufacturer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED SMPC is a world leading Low Pressure Vessel manufacturer with customers more than 100 countries Main Products which generate major sales volume are LPG Cylinders Established in 1981 by the “Ekahitanond" family Listed in SET market in 1991 Production
Slide 4: Feedback from Our Valued Customers Worldwide
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Feedback from Our Valued Customers Worldwide… In 2021, we have received valuable feedback from our customers in 33 countries worldwide, including from Africa, Asia, Australia & Oceania, Europe, North America, and South & Central America. Average Ove
Slide 5: Key Areas of Recognition
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Key Areas of Recognition The highest number of our respondents’ trust in our “Product Quality”. Good Customer Service & Relationship received 2nd highest rank for the recognition. Reasonable Price rounding the top 3 reasons to purchase from SMPC. 4
Slide 6: Customers' Testimonials
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Customers’ Testimonials: “… Good quality, employees are very professional and always available” “… Have been dealing with you all since 2001 and your quality of product is high with reasonable pricing” “… Big production capacity and engineering vers
Slide 7: Continuous Improvements
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Continuous Improvements Thanks to our customers’ feedback, we will continue to improve in these key areas… Product Delivery Communication ▪ Continue to Deliver ▪ Work with Our Customers ▪ Providing Accurate and Excellent Products that and Our Supply
Slide 8: Awards and Recognition 2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Awards and Recognition 2021 November 03, 2021 SMPC received SET Awards 2021: • Outstanding CEO Award, and • Outstanding Company Performance Award 7 Opportunity Day
Slide 9: Awards and Recognition 2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Awards and Recognition 2021 October 26, 2021 SMPC received 5-Star Corporate Governance Score or “Excellent” for 2nd consecutive year in the Corporate Governance Report of Thai List Companies: CGR (2021) by the National CG Committee. June 01, 2021 SM
Slide 10: 2021 Production Process Improvement
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 2021 Production Process Improvement Factory 4 expansion Fully Automated Spud Welding Line Production Working space expanded and machines in factory 3 for ASME The Automated Spud Welding cylinders production, construction machines are initially used
Slide 11: 2022 International Exhibitions
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 2022 International Exhibitions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Dec 2022 India 23-25 Mar 2022 10 Opportunity Day
Slide 12: Wide Ranges of Product Coverage
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Wide Ranges of Product Coverage Household LPG Cylinder 0.45 - 300 kg. (Water Capacity 0.9 – 1,000 lt.) Automotive LPG Cylinder Cylindrical Autogas Tanks Toroidal Autogas Tanks Other Cylinders Air Receivers 2 Piece Cylinder 0.45 – 16 kg. 3 Piece Cyli
Slide 13: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 12 Opportunity Day
Slide 14: About the Industry
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED About the Industry Production Consumption GLOBAL GLOBAL DEMAND IN ASIA IS FORECAST TO PRODUCTION CONSUMPTION LEAD THE WAY DECLINE OF DECLINE OF GLOBALLY 1.4% GREW OVER 3.4% 2.5% IN THE USA PRODUCTION GLOBAL RESIDENTIAL GLOBAL PRODUCTION MARKET TOPPE
Slide 15: Predicted Global LPG Consumption by region 2010-30
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Predicted Global LPG Consumption by region 2010-30 • Predicted global LPG consumption is gradual growth each year, in short to intermediate term, so there are opportunities for SMPC to grow. • Thermal efficiency of LPG and transportation flexibility
Slide 16: Predicted World LPG domestic consumption per capita
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Predicted World LPG domestic consumption per capita Volume of LPG domestic consumption per capita (Kg.) 50+ 35 – 49.9 20 – 34.99 5 – 19.99 +5 ( or no data) Room for Household LPG Demand Growth in Emerging Markets 15 Source: Argus 2021 Opportunity Da
Slide 17: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights • Utilization Rate • Sales Revenue • Financial Ratios • Dividend 04 Business Outlook 16 Opportunity Day
Slide 18: Operational Statistics Utilization Rate 1Q20-4Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics Utilization Rate (%) 1Q20-4Q21 Sales Volume (Million Cylinders) Utilization Rate • Sale Volume of 4Q21 increased from 3Q21 because domestic sales which have no freight problem and are promptly to deliver increased. Sale propor
Slide 19: Operational Statistics Utilization Rate 2016-2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics Utilization Rate (%) 2016-2021 Sales Volume (Million Cylinders) Utilization Rate • Sale Volume of 2021 slightly decreased from 2020 because lack of shipping space; as a result, the company cannot accelerate to export goods and
Slide 20: Sales Revenue by Product Category 1Q20-4Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) Sales Revenue by Product Category : 1Q20-4Q21 Sales Revenue (Million Baht) 4Q20 4Q21 979 million baht 1,380 million baht • Sale proportion of Three-piece cylinders of 2021 increased from the prior year due to more dem
Slide 21: Sales Revenue by Product Category 2016-2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) Sales Revenue by Product Category : 2016-2021 Sales Revenue (Million Baht) 2020 2021 3,973 million baht 4,550 million baht 20 Opportunity Day
Slide 22: Sales Revenue by Geography 1Q20-4Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) Sales Revenue by Geography : 1Q20–4Q21 Sales Revenue (Million Baht) 4Q20 4Q21 979 million baht 1,380 million baht • Continuous demands in North America led to sale proportion of this region increased from prior year •
Slide 23: Sales Revenue by Geography 2016-2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) Sales Revenue by Geography : 2016–2021 Sales Revenue (Million Baht) 2020 2021 3,973 million baht 4,550 million baht 22 Opportunity Day
Slide 24: Margins and Profit 1Q20-4Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) GPM, EBITDA Margin and NPM (%) 1Q20-4Q21 Gross Profit, EBITDA and Net Profit (MB) 1Q20-4Q21 • GPM of 4Q21 decreased from the prior period due to an increase in cost of steel. However, the company already adjusted sell
Slide 25: Margins and Profit 2016-2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) GPM, EBITDA Margin and NPM (%) 2016-2021 Gross Profit, EBITDA and Net Profit (MB) 2016-2021 • Compared to prior year, the Company can maintain profitability, GPM EBITDA • NPM increased because the company benefits fro
Slide 26: IBD Ratios and Interest Coverage 1Q20-4Q21
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht), 1Q20-4Q21 Interest Coverage Ratio (times) 1Q20-4Q21 Times million baht Times • IBD/EBITDA and IBD/Equity are higher than prior period d
Slide 27: IBD Ratios and Interest Coverage 2016-2021
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht), 2016-2021 Interest Coverage Ratio (times) 2016-2021 Times million baht Times • IBD/EBITDA and IBD/Equity are higher than prior year due
Slide 28: ROE and ROA
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Operational Statistics (Cont’d) ROE and ROA (%) 1Q20-4Q21 2016-2021 • ROE increased from prior period because net profit increased from BOI privileges • ROA increased from prior period due to an increase in net profit. • ROA decreased from prior yea
Slide 29: Dividend Payment History
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Dividend Payment History 2016 2017 2018 2019 2020 2021 FS publication day 15/2/2017 14/2/2018 12/02/2019 21/02/2020 15/02/2021 14/02/2022 Waiting for Price per share 16.60 13.40 12.10 5.65 11.70 12.60 AGM approval Dividend per share 0.64 0.60 0.63 0
Slide 30: Dividend Payment Timeframe
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED DIVIDEND PAYMENT TIMEFRAME AGM APPROVAL XD RECORD DATE PAYMENT DATE START END XD 31 Mar 2022 07 Apr 2022 08 Apr 2022 29 Apr 2022 29 Opportunity Day
Slide 31: Agenda
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED Agenda 01 SMPC Overview 02 Industry Overview 03 Financial Highlights 04 Business Outlook 30 Opportunity Day
Slide 32: 2022 Target and Future Growth Strategy
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 2022 Target and Future Growth Strategy Projected Sales Volume (million cylinders) Projected Utilization (%) Capacity 2011-2013 2014 2015-2016 2017 2018 2019-2021 F2022 (million cylinder) Per Year 5.0 5.5 6.2 7.7 8.7 10.0 10.0 Per Quarter 1.25 1.38 1
Slide 33: 2022 Production Process Improvement
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 2022 Production Process Improvement Storage location SMPC constructs storage location. The budget is approximately 23 MB and can store 300,000 cylinders. The project will be completed in Q1 2022. 32 Opportunity Day
Slide 34: Megatrends Towards Sustainability for SMPC
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 5 Megatrends Towards Sustainability for SMPC Human Development • Reskill Employees for Expanded Products & Processes • Collaboration • New Ways of Learning • Social Awareness & Environmental Responsibility Digitization Innovation • Business Creativi
Slide 35: Disclaimer
SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED 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 Containe
Slide 36: Thank You
THANK YOU 0-2895-4139-54 Info@smpcplc.com https://www.smpcplc.com 35
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