Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q3 2014 Earnings Presentation
11 slides from Tipco Asphalt Public's earnings presentation, Dec 11, 2014
Slide 1: Tipco Asphalt Public Company Limited Opportunity Day
Tipco Asphalt Public Company Limited Opportunity day 11th Dec 2014 บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited Time : 3.20 - 4.20 pm. Venue : Stock Exchange of Thailand
Slide 2: Agenda
Agenda 1 Mission, Vision and Values 2 Value Chain 3 2014 Business Highlights 4 2014 Performance Highlights 5 2015 Outlook บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) 2 Tipco Asphalt Public Company Limited
Slide 3: Mission, Vision and Values
Mission, Vision and Values Mission Core Values A well-recognized leading asphalt focus T - Teamwork company in Asia Pacific I - Integrity Vision P - Prudence To distribute 2 million tons of asphalt products by 2015 and be the key contributor to C - Commitment the success of all stakeholders while ma
Slide 4: A Complete Value Chain in Asphalt Supply Business
A Complete Value Chain in Asphalt Supply Business Crude & Product Refining & Bulk Storage & Wholesale & Road Supply Production Transportation Distribution Retail Sales Contractor Construction KBC Refinery Site Delivery Crude & Ocean Going Terminals & Wholesale Product Sourcing Vessels Trucks Road Co
Slide 5: 2014 Business Highlights
2014 Business Highlights Macroeconomic Asphalt supply: Expected to be less volumes Asphalt demand: Stable demand with positive GDP growth Stable asphalt price Declining crude price: from USD 107 per barrel in Jan 2014 to USD 95 per barrel in September 2014 Business Crude supply: Consistent
Slide 6: Financial Highlight: Impressive Revenue and Margin Growth
Financial Highlight: Impressive Revenue and Margin Growth • Sales and services of YTD Sep 2014 stood at Baht 34,754 million Total Revenue reflecting an increase of 39% from the same period last year. The Unit: THB million increase in revenue was mainly attributable to abundance supply 37,663 34,754
Slide 7: Financial Highlight: EBITDA & Financial Performance
Financial Highlight: EBITDA & Financial Performance EBITDA Unit: THB million • Strong net cashflow generation sufficient for funding of annual CAPEX. 1,837 1,789 1,504 1,564 • Consequently, minimum long term borrowings to fund CAPEX. 1,395 1,461 777 2009 2010 2011 2012 Year 2013 YTD Sep YTD Sep 2013
Slide 8: Financial Highlight: Strong Financial Leverage
Financial Highlight: Strong Financial Leverage ROA vs ROE Unit: % • the ROE has been impressive with annual return above 15% and ROA ROE Tipco is confident to surpass this level in its full year 31.09% performance in 2014. As a sign of confidence, Tipco announced its interim dividend of 1 Baht payab
Slide 9: Financial Highlight: Strong Financial Leverage
Financial Highlight: Strong Financial Leverage 3Q 2014 Balance sheet ST loan vs Current asset Unit: THB million Unit: THB million ST loan Current asset Trade payable 1,081 13,321 14,219 11,920 10,575 9,416 ST loan 7,163 8,237 7,676 Current asset 6,004 7,676 5,619 3,785 11,920 2,339 2009 2010 2011 20
Slide 10: 2015 Outlook
2015 Outlook • Crude: Benefit from low crude price in the market Effective hedging policy • Refinery: • Increase productivity in fuel consumption • Maintain high reliability at 99.9% • Marine: Maintain high reliability & utilization rate of vessels • Domestic market: • Increase in budget allocation
Slide 11: Q&A
Q&A บริ ษทั ทิปโก้แอสฟัลท์ จำกัด (มหำชน) Tipco Asphalt Public Company Limited 11
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