Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q2 2022 Earnings Presentation
13 slides from Tipco Asphalt Public's earnings presentation, Aug 16, 2022
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 3-2022 Opportunity Day
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Tipco Asphalt Public Company Limited (TASCO) 3-2022 Opportunity Day (Q2 2022 Operational Results) 16th August 2022
Slide 2: Disclaimer
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL 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 accura
Slide 3: Agenda
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Agenda 01 Q2 2022 Financial Performance 02 Q2 2022 Highlights 03 Outlook 04 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sales & Services Revenue & Sales Volume Sales Volume Asphalt Business - Sales and services stood at Baht 7,034 million, reflecting a decrease of 0.1% from Q2 2021 due to decrease in Unit: Mil. Tons 2022 2021 sales
Slide 5: Operating Gross Profit
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Operating Gross Profit Operating Gross Profit Average Ice Brent Unit: Mil. THB Unit: USD/bbl. 111.8 2022 2021 3,882 97.4 79.8 73.2 69.0 1,378 1,049 812 848 844 459 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 Q2 Q3
Slide 6: Effective Cost Control and strong EBITDA
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Effective Cost Control and strong EBITDA SG&A %to sales 2022 %to sales 2021 Unit: Mil. THB 2022 2021 • Following effective cost control, SG&A to sales remain below 5.0%. 5.4% 5.9% 1,354 4.9% 5.0% 4.3% • Cashflow g
Slide 7: Key Ratios and Historical Dividend
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Key Ratios and Historical Dividend Debt/Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % 2022 2021 Unit: % 2022 2021 0.74 34.0 0.72 28.8 0.65 23.9 16.7 19.8 13.3 14.7 12.7 13.6 11.9 11.0 9.6 Q2 2021 Q1 20
Slide 8: Q2 2022 Highlight
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Q2 2022 Highlight Domestic Market International Market • Benefit from government budget • Demand of certain international disbursement markets, e.g. Indonesia, and China picked up • High working season during Q1 •
Slide 9: Q2 2022 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Q2 2022 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 111.8 97.4 106.2 89.0 85.4 84.5 80.1 80.1 92.7 74.9 76.0 70.1 67.2 71.4 71.2 68.1 65.3 68.9
Slide 10: Key SD Materiality Issues
Financial Performance Highlights Outlook Key SD Materiality Issues From latest Materiality Analysis, TIPCO Asphalt Group indicates 9 key SD materiality topics, with 12 SD materiality minor topics each of which was mitigated through action plans/projects Economic : Innovation Leader Main Topic Minor
Slide 11: Example of SD action plan/ project
Financial Performance Highlights Outlook Example of SD action plan/ project Project : Patching Pothole with Asphalt Premix (150 Bags) Budget : 9,579 Baht Location : Ban Wang Kum road, Bangrakammuangmai, Phitsanulok Stakeholder : Bangrakam community Objective : To repairs of poor road surface/pothole
Slide 12: Outlook
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Outlook Domestic Market International Market • Expect low season in Q3 2022 due to end of • The Company continue to focus on selective 2022 government budget disbursement sales market strategy • 2023 budget is sli
Slide 13: Thank you
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Thank you Phone Number +662 273 6642 Any queries, please contact us! Email Address investors@tipcoasphalt.com Website www.tipcoasphalt.com
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