Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q3 2021 Earnings Presentation
14 slides from Tipco Asphalt Public's earnings presentation, Nov 16, 2021
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 4-2021 Opportunity Day
Tipco Asphalt Public Company Limited (TASCO) 4-2021 Opportunity Day (Q3 2021 Operational Results) 16th Nov 2021
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 Q3 2021 Financial Performance 02 Q3 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 26,155 • Total revenue consists of revenue from asphalt 2021 2020 business of Baht 6,187 million and revenue from construction business of Baht 679 million 7,713 6,542 6,866 8,576 5,871 5,11
Slide 5: Operating Gross Profit
Financial Performance Highlights Outlook Operating Gross Profit Operating Gross Profit Unit: Mil. THB 5,554 • The reduction in gross profit was mainly due to the 2021 2020 higher cost of sales resulting from the continuous increase in crude oil price 2,504 2,567 1,378 1,137 812 848 Q1 Q2 Q3 Q4 Year
Slide 6: EBITDA & Net Profit
Financial Performance Highlights Outlook EBITDA & Net Profit EBITDA Unit: Mil. THB 5,591 • The Group’s cashflow generated from operations stood at Baht 883 million as compared to Baht 2,358 2,358 million in Q3 2020 mainly due to lower 1,590 1,059 379 957 1,261 883 profit after tax as compared to the
Slide 7: Debt to Equity Ratio
Financial Performance Highlights Outlook Debt to Equity Ratio Debt/Equity Ratio 0.72 0.69 0.60 Q3 2020 Q2 2021 Q3 2021 Total liabilities/Total equity The Group’s consolidated debt to equity ratio (D/E ratio) dropped slightly from 0.69 to 0.60 in the corresponding period a year ago due to the increas
Slide 8: Key Ratios and Historical Dividend
Financial Performance Highlights Outlook Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2021 2020 2021 2020 33.9 23.9 28.7 19.8 19.3 25.0 25.4 18.0 17.8 16.6 11.6 12.5 12.6 8.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months net profit 2/
Slide 9: Q3 2021 Highlight
Financial Performance Highlights Outlook Q3 2021 Highlight • Plant was under shutdown by 49 days in Q3 2021 Refinery & • 2 alternative crudes receive in Q3 2021 with a total of 6 cargoes in 2021 Crude • Entered into low season which resulted in low sales volume and asphalt selling price Domestic • S
Slide 10: Q3 2021 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance Highlights Outlook Q3 2021 Highlight - Asphalt Selling Price vs. Ice Brent Announcement of winding down of Unit: USD/barrel crude oil procurement from Venezuela Avg. asphalt selling price Avg. Ice Brent price 85.4 84.5 80.1 80.1 76.0 74.9 71.4 73.2 70.1 71.2 67.2 68.1 65.3 68.9
Slide 11: Q3 2021 Highlight
Financial Performance Highlights Outlook Q3 2021 Highlight Sustainability Excellence TASCO received 2 awards for listed company - Highly Commended in Sustainability Awards under market capitalization of over Baht 10 billion but no more than 30 billion Business Excellence - Outstanding Company Perfor
Slide 12: Outlook – Crude & Refinery
Financial Performance Highlights Outlook Outlook – Crude & Refinery Crude • Current crude inventory is sufficient for asphalt production until Q1 2022 • In October this year, the subsidiary received and recorded income of final payment pursuant to its insurance claim of MYR 34 million or approximate
Slide 13: Outlook - Domestic and International market
Financial Performance Highlights Outlook Outlook - Domestic and International market Domestic Market International Market • 2022 budget started to disbursed since • The Company capitalize on surge in average Q4 2021 and reached peak in H1 2022 asphalt selling price in Q4 2021 Road related budget in
Slide 14: THANK YOU
THANK YOU Any queries, please contact: At email: investors@tipcoasphalt.com Tel: 662-273-6642 www.tipcoasphalt.com
Tipco Asphalt Public Company — Q3 2021 Earnings Presentation on 6ix