Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — FY2021 Earnings Presentation
13 slides from Tipco Asphalt Public's earnings presentation, Feb 23, 2022
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 1-2022 Opportunity Day
Tipco Asphalt Public Company Limited (TASCO) 1-2022 Opportunity Day (2021 Operational Results) 23rd February 2022
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 2021 Financial Performance 02 Q4 2021 Highlights 03 Outlook 04 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance Highlights Outlook Sales & Services Revenue & Sales Volume Total Revenue Unit: Mil. THB 2021 2020 Revenue from Construction 27,053 26,155 • Total revenue consists of revenue from asphalt business of Baht 24,447 million and revenue from construction business of Baht 2,606 millio
Slide 5: Operating Gross Profit
Financial Performance Highlights Outlook Operating Gross Profit Operating Gross Profit Average ICE Brent price Unit: Mil. THB 2021 2020 Unit: USD/bbl. 79.8 5,554 73.2 69.0 61.1 3,882 45.2 51.0 43.4 2,504 2,567 1,378 33.3 812 848 844 1,137 Q1 Q2 Q3 Q4 Year Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2
Slide 6: EBITDA & Net Profit
Financial Performance Highlights Outlook EBITDA & Net Profit EBITDA Unit: Mil. THB 2021 2020 5,591 • The Company’s cashflow generated from 4,009 operations stood at Baht 4,009 million as 2,358 1,590 compared to the Baht 5,591 million in 2020 due 1,059 957 1,261 1,110 379 883 to lower profit after ta
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: % 2021 2020 Unit: % 2021 2020 0.69 0.56 33.9 23.9 28.7 19.8 19.3 25.0 25.4 18.0 0.42 12.7 13.6 17.8 16.6 11.8 12.6 14.7 8.2 Q4 2020 Q3 2021 Q4 2021 Q1 Q2 Q3 Q4 Q1
Slide 8: Q4 2021 and 2021 Highlight
Financial Performance Highlights Outlook Q4 2021 and 2021 Highlight Refinery & Crude 2018 2019 2020 2021 Key events July 2018: Fire Feb 2019: Floating May 2020: • October 2021: Incident at refinery’s storage unit rental • 2 new crude tanks Received Final tanks Nov 2019: operated payment of Maintenan
Slide 9: Q4 2021 and 2021 Highlight
Financial Performance Highlights Outlook Q4 2021 and 2021 Highlight Domestic Market International Market • Total domestic sales volume remained strong • Selective market sales strategy led to decrease driven by strong government budget in sales volumes • Certain markets, e.g., Oceania, Vietnam and C
Slide 10: Q4 2021 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance Highlights Outlook Q4 2021 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 89.0 85.4 84.5 80.1 80.1 74.9 76.0 70.1 67.2 71.4 71.2 79.8 68.1 65.3 68.9 67.1 61.5 64.7 62.9 73.2 60.0 71.2 68.3 69.0 57.3 52.2 63.6 63.
Slide 11: 2021 Achievement
Financial Performance Highlights Outlook 2021 Achievement TASCO received 2 awards for listed company under market capitalization of over Baht 10 billion but no 4 consecutive years 4 consecutive years 3 consecutive years more than 30 billion Included in list of Thailand Recognition for “Excellent” Re
Slide 12: Outlook
Financial Performance Highlights Outlook Outlook Refinery & Crude Domestic Market International Market • Current crude inventory • 2022 budget started to • The Company continue to is sufficient for asphalt disbursed since Q4 2021 and focus on selective sales production until Q2 2022 reached peak in
Slide 13: Thank you
Thank you Phone Number +662 273 6642 Any queries, please contact us! Email Address investors@tipcoasphalt.com Website www.tipcoasphalt.com
Tipco Asphalt Public Company — FY2021 Earnings Presentation on 6ix