Sri Trang Agro-Industry Public Co. Ltd. · SET:STA
Sri Trang Agro-Industry Public — Q2 2015 Earnings Presentation
16 slides from Sri Trang Agro-Industry Public's earnings presentation, Aug 17, 2015
Slide 1: Second Quarter 2015 Presentation
Second Quarter 2015 Presentation 17 August 2015 A World Leading Natural Rubber Player
Slide 2: Disclaimer
Disclaimer Certain forward looking statements may be made in the course of the presentation. These forward- looking statements generally can be identified by use of statements that include words or phrases such as STA or We or our management “believe”, “expect”, “anticipate”, ”intend”, ”plan”, ”fore
Slide 3: Q2 2015 Results
ee member of SRI TRANG GROUP Q2 2015 Results ember of SRITRANG GROUP) Le — -
Slide 4: Financial Highlights
Financial Highlights (THB million) FY’13 FY’14 %YoY Q2’14 Q2’15 %YoY Q1’15 %QoQ Revenue 92,185 75,530 ▼18% 18,410 15,077 ▼18% 14,512 ▲4% Sale volume 1,126,463 1,204,342 ▲7% 284,913 269,204 ▼6% 268,892 ▲0.1% (tons) Avg. selling price 79,600 60,583 ▼24% 62,497 50,558 ▼19% 48,265 ▲5% (Baht per ton) Gro
Slide 5: Revenue overview
Revenue overview Revenue breakdown by product (THB mm) Revenue breakdown by geography (THB mm) -18.1% -18.1% +3.9% +3.9% 4
Slide 6: Revenue by Geography and GP per Ton
Revenue by Geography and GP per Ton Revenue breakdown by geography (Tons) Adjusted Gross Profit* per Ton (THB) +229.7% -5.5% +33.6% +0.1% Note*: Adjusted Gross Profit = Gross Profit after adjusting for (reversal) allowance of inventory cost , realised forex gains / losses, and realised rubber future
Slide 7: Gross profit and gross profit margin
Gross profit (“GP”) and gross profit margin (“GPM”) Gross Profit Adjusted Gross Profit* THB mm GPM % THB mm Margin % +90.7% +211.5% +24.5% +33.7% * Adjusting for (reversal) allowance of inventory, realised forex gains /(losses), and realised rubber futures gains/(losses) 6
Slide 8: THB/USD, Crude Oil Price, SICOM Price Movement
THB/USD Crude Oil Price SICOM Price Movement Movement Movement (USD / Bbl) (US Cent / Kg) 2Q14 3Q14 SICOM Price - F/X – Oil Price 4Q14 1Q15 ▼12% ▼16% % YoY 2Q15 ▲7% ▲4% % QoQ TSR RSS 7
Slide 9: Earning before tax, net profit and net profit margin
Earning before tax, net profit and net profit margin Earning before interest expense & tax (THB mm) Net profit (THB mm) and net profit margin Share of profits from associates & a Joint Venture % of profits from Net profit Net profit margin % associates & a Joint Operating profits Venture to PBIT +21
Slide 10: Capital expenditure
Capital expenditure Total capital expenditure (Baht mm) Capital expenditure by products (%) Total estimated effective production capacity (million tons) and %utilisation rate 9
Slide 11: Financial ratios
Financial ratios ROA ROE Cash Cycle Debt / equity Net debt / equity Interest Coverage *Annualised basis 10
Slide 12: Our Business & Industry Updates
Our Business & Industry Updates 11
Slide 13: Target & Capex
Target & Capex 2015 Target CAPEX Plan Production capacity : 1.5 mil tons CAPEX 2015f 2016f (Unit: THB mn.) Sale volume : 1.1 mil tons Capacity expansion 1,220 300 Adj. GP margin : 5-7% Plantation 480 520 Net profit margin : 1.5 - 2.5% Maintenance 320 235 Dividend policy : 30% of net profit Total CAP
Slide 14: Industry Updates
Industry Updates World Demand & Supply of Natural Rubber Unit : 000’tons Unit : 000’tons NR Demand (LHS) NR Supply (LHS) Supply surplus/(deficit) (RHS) 2015 NR production forecast 2015 NR consumption forecast 2015 global production growth = 4.4% 2015 global consumption growth = 1.2% 2.6% 0.8% 2.5% 4
Slide 15: Industry Updates (Cont'd)
Industry Updates (Cont’d) Macro Economic Events: Government & Tax Policy: • Concerns on world economy growth • Rubber Buffer Fund of the Thai • China slowdown Government • Impact of strong dollar on commodities’ • The reimposement of anti-dumping duty on prices Chinese passenger and light truck tire
Slide 16: Q&A Investor Relations Department
Q&A Investor Relations Department Tel: +662 207 4500 Fax: +662 108 2244 Email: IR@sritranggroup.com 15
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