Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q1 2024 Earnings Presentation
13 slides from Tipco Asphalt Public's earnings presentation, May 16, 2024
Slide 1: Tipco Asphalt Public Company Limited (TASCO) Opportunity Day Q1 2024
Tipco Asphalt Public Company Limited (TASCO) Opportunity Day Q1 2024 Operational Results 16th May 2024
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 2024 Financial Performance 02 Q1 2024 Highlights 03 Outlook 04 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sales & Services Revenue & Sales Volume Asphalt Asphalt business Construction business Sale Volume Sales & Services Revenue Revenues from construction contracts Unit: Mil. THB 2024 2023 Unit: Mil. THB 2024 2023 Un
Slide 5: Operating Gross Profit
Financial Performance Highlights Outlook Operating Gross Profit Operating Gross Profit ICE Brent price Unit: Mil. THB 2024 2023 Unit: USD/bbl. 4,138 95.3 86.7 79.8 74.9 77.0 1,741 1,222 550 625 343 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 Q2 Q3 Q4 Year • Gross profit stood at Baht 343 million, ref
Slide 6: EBITDA and Net Profit
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook EBITDA and Net Profit SG&A Unit: Mil. THB 2024 2023 %to sales 2024 %to sales 2023 • SG&A rose to 5.3% of total sales and services due to low 5.3% revenue 4.0% 3.5% 4.0% 4.0% 4.8% • The Group’s cashflow generated f
Slide 7: Key Ratios and Historical Dividend
Financial Performance Highlights Outlook Key Ratios and Historical Dividend Debt/Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % 2024 2023 Unit: % 2024 2023 0.52 0.47 0.47 22.0 20.2 19.2 0.40 14.2 17.8 16.3 15.6 7.0 12.2 6.7 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return
Slide 8: Q1 2024 Highlight – low Q1 performance impacted by low demand in Thailand
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Q1 2024 Highlight – low Q1 performance was mainly impacted by low demand in Thailand and low regional selling prices Thailand’s Road Related Government Budget Sales volume breakdown Unit: THB Million Unit: Ton Mil
Slide 9: Q1 2024 Highlight - Asphalt Selling Price vs. ICE Brent
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Q1 2024 Highlight - Asphalt Selling Price vs. ICE Brent Unit: USD/Barrel Avg. asphalt selling price Avg. Ice Brent price 111.8 111.0 105.2 105.1 102.7 97.4 106.2 92.4 93.5 89.0 86.3 85.4 84.5 97.8 80.1 80.1 92.7 8
Slide 10: Sustainable Development (SD) update
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sustainable Development (SD) update AGM Checklist Target of GHG emission reduction • Tipco Asphalt has established an ambitious target of reducing The Company achieves a perfect 100 score from the Scope 1 and Scop
Slide 11: Sustainable Development - Climate Strategic Projects
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sustainable Development (SD) - To achieve GHG emission reduction target by 2030, the Company unveils Climate Strategic Projects Electrical Hot Oil Boiler Solar Roof Fuel-switching to LNG with Solar Power To utiliz
Slide 12: Outlook
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Outlook Feedstock • Maintain the procurement plan of 3 cargoes in 2024 Domestic Market • 2024 government budget is expected to be disbursed starting in Q2 2024 International Market • We anticipate to see similar s
Slide 13: Thank you
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Thank you Phone Number +662 273 6642 Any queries, please contact us! Email Address investors@tipcoasphalt.com Website www.tipcoasphalt.com
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