Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — FY2024 Earnings Presentation
19 slides from Tipco Asphalt Public's earnings presentation, Feb 24, 2025
Slide 1: Opportunity Day FY 2024
Opportunity Day FY 2024 24 February 2025
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 Financial Performance 02 FY 2024 Highlights 03 Sustainability 04 Outlook 3
Slide 4: 01 Financial Performance
01 Financial Performance 4
Slide 5: Revenue
Revenue Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons Unit: Mil. THB 2024 2023 +28% -2% 2024 2023 -7% +22% 27,606 1.10 1.12 25,797 8,465 7,206 8,375 0.33 0.26 0.32 0.25 7,397 6,042 0.22 0.32 0.23 0.29 5,009 5,016 5,893 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Total Revenue C
Slide 6: Operating Gross Profit
Operating Gross Profit Operating Gross Profit Average Selling price Unit: Mil. THB Unit: USD/bbl. -24% 2024 2023 4,138 +47% 100.2 108.3 +1% vs Q3 24 3,136 102.9 102.2 99.4 95.7 97.3 1,741 88.4 1,222 1,384 89.5 88.9 917 625 343 492 550 78.4 78.4 Q1 Q2 Q3 Q4 YTD Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3
Slide 7: EBITDA and Net Profit
EBITDA and Net Profit SG&A %SG&A Unit: Mil. THB 2024 2023 %to sales 2024 %to sales 2023 -5% - 2% 1,243 1,262 5.3% 5.1% 4.8% 3.8% 4.4% 300 320 280 324 344 282 319 336 4.0% 4.0% 4.1% 4.1% 3.5% Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD EBITDA Net Profit Unit: Mil. THB Unit: Mil. THB 2024 2023 2024 2023 +58% 4,25
Slide 8: Key Ratios and Historical Dividend
Key Ratios and Historical Dividend Debt / Equity Ratio Return on Equity1/ Return on Asset2/ 2024 2023 Unit: % 2024 2023 Unit: % 0.56 0.51 0.47 0.48 20.2 22.0 19.2 14.2 16.3 17.8 15.6 0.40 8.7 12.2 7.0 6.8 6.7 6.5 8.5 3.4 3.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 1/ Return i
Slide 9: 02 Q4 2024 Highlights
02 Q4 2024 Highlights 9
Slide 10: Q4 2024 Highlights
Q4 2024 Highlights Major events Acquisition of TSS On 12 Nov 2024, the BOD approved the acquisition of Thai Slurry Seal Co., Ltd (TSS), with the remaining 37.5% shares totaling THB 373 million. TSS is a leading road rehabilitation contractor specializing in premium-grade surfacing pavement for speci
Slide 11: 03 Sustainability Updates
01 03 Sustainability Updates 12
Slide 12: Sustainability Highlight 2024
Sustainability Highlight 2024 Innovation Leader Eco-efficiency Operations GHG emissions reduction* • Tipco Joint Sealer has been granted the Carbon - Build innovative culture 2030 target : 36% reduction Footprint of Products (CFR) label certification by - 3 innovation projects to be 2024 target : 29
Slide 13: Recognitions and Awards
Recognitions and Awards Excellent score (100 out of 100) of “Excellent” CGR score for 2024 by AGM checklist by the Thai Investors Thai Institute of Directors Association Green Industry level 5 Zero Accident Campaign Award Association Sustainability Disclosure Award by 2nd highest rating - “AA” from
Slide 14: Sustainability Strategy 2025 - 2030
Sustainability Strategy 2025 - 2030 Environment Dimensions Social Governance Vision 2025: To provide asphalt solutions in a sustainable manner led by an innovation culture Strategic Goal 6: Sustainable Organizations 3 Critical topics Commitment to Climate Change Eco-Efficiency Operation and Circular
Slide 15: 04 Outlook
04 Outlook 16
Slide 16: Outlook
Outlook Procured one feedstock cargo in Q4 2024 and another one in Q1 Feedstock 2025 Expected high demand in the first half of 2025 as the 2025 Domestic Market fiscal year disbursement budget was approved in Q3 2024 International Market We anticipate sales volume to slightly increase from 2024 17
Slide 17: Q&A
Q&A 18
Slide 18: Tipco Asphalt PLC. (TASCO)
Tipco Asphalt PLC. (TASCO) IR Contact: K. Proud Chettapongsaphan +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com Share your feedback with us by scanning the QR code https://www.facebook.com/tipcoasphalt 19
Slide 19: THANK YOU
THANK YOU www.tipcoasphalt.com 20
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