Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q1 2025 Earnings Presentation
18 slides from Tipco Asphalt Public's earnings presentation, May 16, 2025
Slide 1: Opportunity Day Q1/2025
Opportunity Day Q1/2025 16 May 2025
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 Financial Performance 02 Q1/2025 Highlights 03 Sustainability 04 Outlook
Slide 4: 01 Financial Performance
01 Financial Performance
Slide 5: Revenue
Revenue Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons Unit: Mil. THB 2025 2024 2025 2024 1.10 25,797 +32% +35% 6,780 8,375 7,397 6,780 0.29 0.33 0.32 0.29 0.22 0.23 5,009 5,016 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Total Revenue Construction Business - Revenue Unit: Mil.
Slide 6: Operating Gross Profit
Operating Gross Profit Operating Gross Profit Average Selling price Unit: Mil. THB Unit: USD/bbl. 2025 2024 3,136 108.3 -7% vs Q4 24 +113% 99.4 95.7 1,384 88.4 97.3 730 917 730 88.9 90.3 343 492 78.4 78.4 Q1 Q2 Q3 Q4 YTD Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Gross Profit Margin (net
Slide 7: EBITDA and Net Profit
EBITDA and Net Profit SG&A %SG&A Unit: Mil. THB 2025 2024 %to sales 2025 %to sales 2024 1,243 5.3% 5.1% 2% 4.3% 3.8% 4.4% 306 300 280 344 319 306 4.1% Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD EBITDA Net Profit Unit: Mil. THB Unit: Mil. THB 2025 2024 2025 2024 1,417 3,139 +5,450% 734 +157% 576 1,296 444 444 8
Slide 8: Key Ratios and Historical Dividend
Key Ratios and Historical Dividend Debt / Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % Unit: % 0.56 2025 2024 2025 2024 0.51 0.50 0.47 0.48 11.2 8.7 7.0 6.8 3.4 10.2 6.7 8.5 3.6 6.5 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 mont
Slide 9: 02 Q1 2025 Highlights
02 Q1 2025 Highlights
Slide 10: Q1 2025 Highlights
Q1 2025 Highlights • The domestic asphalt market demonstrated a strong recovery compared to the same period last year as Q1 2024 faced the challenges of government budget disbursement delay in Thailand. • The international market - overall asphalt volume decrease due to low season, long holiday peri
Slide 11: 03 Sustainability Updates
03 Sustainability Updates 11
Slide 12: Sustainability Updates
Sustainability Updates Environment Dimensions Social Governance 2 critical material topics of the Group - Commitment to Climate Change, and Eco-Efficiency Operation and Circularity Vision 2025: To provide asphalt solutions in a sustainable manner led by an innovation culture Strategic Goal 6: Sustai
Slide 13: Sustainability Highlight in Q1/2025
Sustainability Highlight in Q1/2025 • One of climate strategic projects is “Solar Roof” project with the aim to increase renewable energy which result in - less GHG emissions - Less electricity purchased from grid Presence 5 Plants and Head office KBC refinery and Head Office at KL Solar Roof projec
Slide 14: 04 Outlook
04 Outlook
Slide 15: Outlook
Outlook Feedstock • Sufficient to supply for the hard penetration grade asphalt for 2H 2025 • Expect to procure 1-2 additional cargoes Domestic Market Expect high demand to continue in Q2 2025 International Market We anticipate sales volume to be in similar level as Q1 2025 15
Slide 16: Q&A
Q&A
Slide 17: Tipco Asphalt PLC. (TASCO)
Tipco Asphalt PLC. (TASCO) IR Contact: K. Proud Chettapongsaphan +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com Share your feedback with us by scanning the QR code https://www.facebook.com/tipcoasphalt 17
Slide 18: THANK YOU
THANK YOU www.tipcoasphalt.com
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