Gfpt Public Co. Ltd. · SET:GFPT
Gfpt Public — Q3 2025 Earnings Presentation
39 slides from Gfpt Public's earnings presentation, Nov 11, 2025
Slide 1: 3Q2025 Result Presentation
3Q2025 Result Presentation Analyst Meeting No.4/2025 11 November 2025 GFPT Public Company Limited Analyst Meeting No. 4/2025 | 11 November 2025 | page 1
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about GFPT Public Company Limited (“GFPT” or “the Company”) and its subsidiaries (jointly the “GFPT Group”) as at 30 September 2025 and, unless stated otherwise. The information does not purport to be complete or comprehensive. This presentat
Slide 3: Agenda
Agenda GFPT Profile 3Q2025 Financial Results Broiler Industry Outlook FY2025 Guidance Q&A Appendix: Key Statistics AnalystMeeting Analyst MeetingNo. No.4/2025 3/2025 || 11 14November August 2025 | page 2025 3 3 | page
Slide 4: About GFPT
About GFPT GFPT Public Company Limited (TB:GFPT), founded in 1981 with headquarters in Bangkok, Thailand, is one of Thailand’s chicken processors and marketers. We are specialized in fully vertical integrated chicken production starting from feed mill, grandparent breeder farm, parent breeder farm,
Slide 5: Sustainable Business Operations
Sustainable Business Operations GFPT is committed to being a trusted and responsible food producer, delivering high-quality, nutritious chicken products through a fully integrated, sustainable, and ethical production process. We integrate the Triple Bottom Line (TBL) framework to create balance betw
Slide 6: Vision
Vision Analyst Meeting No. 4/2025 | 11 November 2025 | page 6
Slide 7: Sustainability Development
Sustainability Development GFPT supported Sustainable Development Goals (SDGs) which was incorporated in the Company's objectives and operations. Analyst Meeting No. 4/2025 | 11 November 2025 | page 7
Slide 8: GFPT Awards
GFPT Awards “Excellent” rating from the CGR (Corporate Governance Report of Thai Listed Companies) Anti – Corruption Certified to be a member of CAC (Collective Action Coalition) The Company received the Quality Best Investor Relations SWA Top Performance Cobb Champion Outstanding Entrepreneur Asses
Slide 9: GFPT Awards
GFPT Awards Symbol GFPT Shareholding Structure sSET as of 6 March 2025 Industry / Sector Agro & Food Industry / Agribusiness 2025 CG Score Excellent [90 – 100 CG Report Score] Anti – Corruption Certified to be a member of CAC Closed Price THB 10.30 per share (31/10/2025) Average Price THB 9.74 per s
Slide 10: Group Structure
Group Structure GFPT GFPT Public Company Limited Chicken Evisceration and Processed Food 5 Subsidiaries 2 Joint Ventures Keystone Foods Inc. [51%] McKey | 49.00% McKey Food Services (Thailand) Ltd. Frozen Processed Food KT | 98.33% FKT | 99.99% GFF | 99.99% Krungthai Food PCL. Krungthai Farm Co., Lt
Slide 11: Fully Vertical Integrated Chicken Production
Fully Vertical Integrated Chicken Production Analyst Meeting No. 4/2025 | 11 November 2025 | page 11
Slide 12: GFPT Timeline
GFPT Timeline Additional Capital Injection in GFN 2012 GFPT: Stock split from Invest additional GFPT Initially established GFPT Listed in SET THB 10 to THB 1 per share share in KT 1981 1992 2010 2020 Become a Fully Vertical Integration JV Partnership & Extended Integration & Cook Product Organic Gro
Slide 13: Strategic Expansion & Business Growth
Strategic Expansion & Business Growth Future Project GFPT Slaughter House Water Reservoir New slaughter house capacity at 150,000 birds per day GFPT Broiler Farm New Poultry Processing and Fully-Cooked Food Plants Raising capacity to reach 340,000 birds per day Project, Chonburi GFPT Further Process
Slide 14: Product
Product Chicken Parts and Meat [Bone-in, Boneless, Cut-up, Marinated] Cage Free Eggs DOC Live Broiler Animal Feed [Pig, Layer Hen, Duck, Cow, etc.] Cooked Product [Fully Cooked, Par-fried, Breaded, Steamed, Roasted] Shrimp Feed Processed Food [Sausage, Smoke Sausage, Chicken Meatballs] [Grandparent
Slide 15: FY2024 Snapshot
FY2024 Snapshot FY2024 Consolidated Revenue = THB 19.31 billion Revenue by Segment + 2% 19,314 Farm 18,000 33% 15,000 Food 12,000 50% 9,000 6,000 Feed 17% 3,000 - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue by Destination Revenue by Currency Reve
Slide 16: FY2024 Market Position
FY2024 Market Position 2nd in Thai Chicken Export 6th in Thai Chicken Production GFPT GFPT Group Group 6% 13% Export by Destination Export by Product Type Others 7% EU 12% UK 30% Raw Cooked China 42% 58% 14% Malaysia 16% Japan 21% Source: Thai Broiler Processing Exporters Association Note: 2024 Thai
Slide 17: 3Q2025 Financial Results
3Q2025 Financial Results Analyst Meeting No. 2/2024 | 9 MAY 2024 | page 17 Analyst Meeting No. 4/2025 | 11 November 2025 | page 17
Slide 18: 3Q2025 Financial Results
3Q2025 Financial Results 3Q2025 Consolidated Revenue = THB 4.74 billion 3Q2025 Revenue Breakdown by Segment Business Segment of 3Q2025 3Q2024 Change GFPT Group THB million % THB million % THB million % Food (Chicken Processing) 2,167.77 45.73 2,491.19 49.33 (323.42) (12.98) Farm 1,735.86 36.62 1,748
Slide 19: 3Q2025 Consolidated Income Statement
3Q2025 Consolidated Income Statement (Unit in THB million) 3Q2024 %Sales 3Q2025 %Sales Change % Change Revenue from sales 5,050.62 100.00% 4,740.59 100.00% (310.03) (6.14%) Cost of sales (4,266.06) (84.47%) (3,777.99) (79.69%) (488.06) (11.44%) GROSS PROFIT 784.56 15.53% 962.59 20.31% 178.03 22.69%
Slide 20: 9M2025 Consolidated Income Statement
9M2025 Consolidated Income Statement (Unit in THB million) 9M2024 %Sales 9M2025 %Sales Change % Change Revenue from sales 14,416.07 100.00% 14,270.90 100.00% (145.17) (1.01%) Cost of sales (12,373.95) (85.83%) (11,840.16) (82.96%) (533.80) (4.31%) GROSS PROFIT 2,042.12 14.17% 2,430.75 17.04% 388.63
Slide 21: 3Q2025 Financial Results
3Q2025 Financial Results Gross Profit & GP Margin (%) EBITDA & EBITDA Margin (%) 3,500 20.3% 24% 4,500 26.8% 30% 24.4% 24.1% 21% 4,000 27% 3,000 21.0% 21.7% 15.7% 16.7% 20.6% 20.1% 24% 15.5% 18% 3,500 19.0% 2,500 14.7% 14.0% 13.8% 3,000 16.8% 21% 12.8% 15% 2,000 11.5% 18% 2,500 12% 11.2% 15% 1,500 7
Slide 22: 3Q2025 Financial Results
3Q2025 Financial Results EPS (THB per share) Return on Asset (%) 2,500 1.63 1.57 174% 171% 30,000 12% 168% 165% 9.9% 162% 159% 156% 153% 9.2% 150% 147% 144% 25,000 2,000 1.10 141% 138% 135% 132% 6.9% 7.6% 9% 1.08 129% 126% 123% 120% 0.95 117% 114% 111% 108% 20,000 6.5% 1,500 105% 102% 99% 96% 93% 5.
Slide 23: 3Q2025 Consolidated Financial Position
3Q2025 Consolidated Financial Position Selected Items (Unit in THB million) FY2024 Sep 2025 Change % Change Cash and Cash Equivalents 2,101.40 3,675.45 1,574.05 74.90% Trade and Other Current Receivables 1,071.04 1,127.23 56.20 5.25% Inventories 3,499.51 2,629.02 (870.49) (24.87%) Current Biological
Slide 24: 3Q2025 Consolidated Financial Position
3Q2025 Consolidated Financial Position Selected Items (Unit in THB million) FY2024 Sep 2025 Change % Change Short - Term Loans from Financial Institutions 770.00 200.00 (570.00) (74.03%) Short - Term Loans from Related Persons 180.00 230.00 50.00 27.78% Trade and Other Current Payables 1,190.70 1,30
Slide 25: 3Q2025 Consolidated Financial Position
3Q2025 Consolidated Financial Position Selected Items (Unit in THB million) 3Q2024 3Q2025 Change % Change EBIT 642.60 822.75 180.15 28.03% Depreciation - Grandparent & Parent Chickens 224.49 207.18 (17.31) (7.71%) Depreciation & Amortization 227.73 239.34 11.62 5.10% EBITDA 1,094.82 1,269.27 174.45
Slide 26: 3Q2025 Consolidated Financial Position
3Q2025 Consolidated Financial Position 3Q2025 Total Assets = THB 27.58 billion Book Value (THB per share) 30,000 25,000 16.95 1779% 1776% 1772% 1769% 15.55 1765% 1762% 1758% 1755% 1751% 1747% 1744% 1740% 1737% 1733% 1730% 1726% 1722% 1719% 1715% 1712% 1708% 1705% 1701% 1698% 1694% 1690% 1687% 1683%
Slide 27: 3Q2025 Financial Results
3Q2025 Financial Results 3Q2025 Interest-Bearing Debt = THB 3.90 billion Debt to EBITDA (THB million) 6,000 4.26 498% 495% 492% 489% 486% 483% 480% 477% 474% 471% 468% 465% 462% 459% 456% 453% 450% 447% 444% 441% 438% 435% 432% 429% 5,000 426% 423% 420% 417% 414% 411% 408% 405% 402% 399% Short-Term
Slide 28: Capital Expenditure 1-1.2 Billion
Capital Expenditure Investment (million THB) 1,567 1,264 1,120 1,120 1,242 1,179 882 581 610 609 611 682 742 539 2018 2019 2020 2021 2022 2023 2024 Breeder Stocks Fixed Assets FY2025 Capital Expenditure 1-1.2 Billion ➢ Broiler Farm ➢ Breeder Farm ➢ Primary Plant Analyst Meeting No. 4/2025 | 11 Novem
Slide 29: Market Outlook and Trend
Market Outlook and Trend Analyst Meeting No. 4/2025 | 11 November 2025 | page 29
Slide 30: Global Broiler Meat Market
Global Broiler Meat Market THAILAND Thai Broiler Export by Destination Others The 7th Global Chicken Producer 20% Japan 2024 broiler production = 3,490,000 Metric tons 40% China 9% The 4th Global Chicken Exporter EU 2024 broiler meat export = 1,170,000 Metric tons 14% UK 17% Broiler Meat Production
Slide 31: 50 Years of Thai Chicken Meat Export
50 Years of Thai Chicken Meat Export 1,400,000 Change Change 2022 2023 2024 22 / 23 23 / 24 2024 MT Mil. Baht MT Mil. Baht (%) MT Mil. Baht (%) 1,224,343 MT 1,200,000 Product - Raw 396,070 46,360 514,853 53,115 30.00 564,611 58,014 9.66 - Further (Cooked) 643,711 102,553 582,593 93,752 (9.50) 659,73
Slide 32: Global Broiler Meat Market
Global Broiler Meat Market Global Production [Y2024 = 103,724,000 Metric Tons] Global Import [Y2024 = 11,273,000 Metric Tons] USA 21,343 Japan 1,143 China 15,350 Mexico 1,021 Brazil 15,000 UK 977 EU 11,530 EU 730 Russia 4,910 Saudi Arabia 607 Mexico 3,990 Iraq 551 Thailand 3,490 Philippines 501 Turk
Slide 33: Commodity Price
Commodity Price Corn & Soybean Meal (THB/Kg.) Broiler at Farm Gate (THB/Kg.) 27.0 24.0 21.7 21.6 50.0 44.0 43.5 41.4 42.3 42.2 41.8 19.7 40.6 41.0 40.7 21.0 19.3 18.4 17.6 36.9 SBM 40.0 35.4 34.9 18.0 16.0 15.2 40.2 13.7 14.0 13.4 37.1 38.4 38.0 15.0 12.9 30.0 36.4 34.9 33.7 33.4 33.0 34.8 32.4 31.8
Slide 34: Supporting & Risk Factors
Supporting & Risk Factors + Globally Recognized Food Safety Standards - Animal Disease Outbreaks & Hygiene Risk + Growing Poultry Demand - Global Market Competition + Cooked & Processed Chicken Market Growth - Cost Volatility & Rising Expenses + Strong Export Competitiveness - Non-Tariff Measures (N
Slide 35: FY2025 Guidance
FY2025 Guidance FY2025 Guidance Revenue No growth from FY2024 sales Gross Profit Margin 16.5% - 17.5% SG&A 7.0% - 7.5% Financial Cost 1.5% - 2.5% Effective Tax Rate 10% - 15% CAPEX THB 1 - 1.2 billion Analyst Meeting No. 4/2025 | 11 November 2025 | page 35
Slide 36: Key Statistics
Key Statistics Analyst Meeting No. 4/2025 | 11 November 2025 | page 36
Slide 37: Key Statistics: Chicken Processing and Feed Business
Key Statistics: Chicken Processing and Feed Business Chicken Meat Direct Export (MT) Chicken Meat Indirect Export (MT) Chicken Meat Domestic (MT) + 25% + 0% 36,600 32,600 21,600 + 7% 59,700 61,200 59,700 61,000 60,900 29,300 19,900 19,100 17,500 17,900 23,400 21,900 - 17% + 1% - 6% 9,500 15,700 15,9
Slide 38: Question & Answer
Question & Answer Analyst Meeting No. 4/2025 | 11 November 2025 | page 38
Slide 39: IR Contact
IR Contact Investor Relations Department ir@gfpt.co.th Dr. Jutamas Ingpochai jutamas@gfpt.co.th T +66 2 473 8000 ext. 1822 Veera Titayangkaruvong veera-tita@gfpt.co.th T +66 2 473 8000 ext. 1802 @gfpt.official Line@ GFPTofficial www.gfpt.co.th Analyst Meeting No. 4/2025 | 11 November 2025 | page 39