Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — 2023 Thailand Focus
18 slides from Tipco Asphalt Public's conference presentation, Aug 25, 2023
Slide 1: Tipco Asphalt Public Company Limited (TASCO) – 2023 Thailand Focus
Tipco Asphalt Public Company Limited (TASCO) 2023 Thailand Focus (Q2 2023 Operational Results) 25th August 2023
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 Overview 02 Q2 2023 Financial Performance 03 Q2 2023 Highlights 04 Outlook 05 Q&A
Slide 4: Mission, Vision 2025 and Strategic Goals
Overview Financial Performance Highlights Outlook Mission Vision 2025 To be a globally preferred integrated asphalt solutions partner To provide asphalt solutions in a sustainable manner led by an innovative culture TASCO - Milestone Strategic Goals S1 A Truly Global Entity S2 Diversified portfolio
Slide 5: Shareholder information
Overview Financial Performance Highlights Outlook Shareholder information Average Trading Volume per day (Million shares) 9.54 10.07 Total shareholders as of 3rd March 2023 3.65 3.69 4.28 3.44 2.11 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 31.09% • Solutions provider for authorities and custo
Slide 6: Awards and recognitions
Overview Financial Performance Highlights Outlook Awards and recognitions Set Recognitions International Rating 1 SET100 Index Rank 49/154 Rank 32/168 Rank 18/178 Top 100 listed companies on SET large market capitalization, high liquidity 2 SETHD Index The highest dividend yield in SET100 3 SETCLMV
Slide 7: TASCO Group Regional Production Facilities/Office
Overview INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Financial Performance Highlights Outlook TASCO Group Regional Production Facilities/Office Depot Asphalt Refinery Emulsion Plant PMA Plant Office
Slide 8: Tipco Asphalt Group – Complete Value Chain
Overview INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Financial Performance Highlights Outlook Tipco Asphalt Group – Complete Value Chain Group’s Value Chain Feedstock Refining & Research & Terminal & Trading & Construction Technical Procurement Manufacturing Development Depot Logistics Support
Slide 9: Sales & Services Revenue & Sales Volume
Overview Financial Performance Highlights Outlook Sales & Services Revenue & Sales Volume Asphalt Business Sales Volume ▪ Sales and services stood at Baht 7,206 million, reflecting an increase of 2.43% from the same period of Unit: Mil. Tons 2023 2022 last year. This was mainly attributed to higher
Slide 10: Operating Gross Profit
Overview Financial Performance Highlights Outlook Operating Gross Profit Operating Gross Profit Average Ice Brent Unit: Mil. THB 2023 2022 Unit: USD/bbl. 4,361 111.8 97.8 88.6 82.2 78.0 1,741 2,046 1,222 1,049 807 459 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q1 Q2 Q3 Q4 Year • Gross profit stood at B
Slide 11: EBITDA and Net Profit
Overview Financial Performance Highlights Outlook EBITDA and Net Profit • SG&A accounted for 4.0% of total sales and services. The Company is SG&A committed to control overhead expenses while improving the operating Unit: Mil. THB 2023 2022 %to sales 2023 %to sales 2022 gross profit margin. 4.1% 4.3
Slide 12: Key Ratios
Overview Financial Performance Highlights Outlook Key Ratios Return on Equity1/ Return on Asset2/ Improvement in both return on equity and Unit: % 2023 2022 Unit: % 2023 2022 return on asset 20.2 22.0 13.3 15.0 17.8 11.9 11.9 16.3 11.0 9.6 9.9 12.7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum o
Slide 13: Historical Dividend
Overview Financial Performance Highlights Outlook Historical Dividend Unit: Baht per share 1.60 1.50 1.25 Dividend Policy 0.90 The Company has a policy to pay dividends of not less 1.05 than 60% of its consolidated net profit of each fiscal 74% 84% 76% 75% 83% year. 70% 0.30 0.25 21% On 10th August
Slide 14: Q2 2023 Highlight
Overview Financial Performance Highlights Outlook Q2 2023 Highlight Feedstock • Received no feedstock but refinery continue operating as normal from current inventory • Sales volume was still strong due to ongoing government budget disbursement Domestic Market • Introduce new technology to construct
Slide 15: Q2 2023 Highlight - Asphalt Selling Price vs. Ice Brent
Overview INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Financial Performance Highlights Outlook Q2 2023 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 111.8 111.0 105.2 105.1 102.7 97.4 106.2 89.0 85.4 84.5 97.8 80.1 80.1 92.7 74.9 76
Slide 16: Sustainable Development (SD): Key Performance Indicators for Q2 2023
Overview INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Financial Performance Highlights Outlook Sustainable Development (SD): Key Performance Indicators for Q2 2023 2023 KPI Q2 2023 Performance Eco-efficiency GHG Emissions Intensity Reduction (Reduce more than 27%) 41% • Zero Number of fatality case
Slide 17: Outlook
Overview INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Financial Performance Highlights Outlook Outlook Feedstock • Maintain procurement plan of 4 cargos purchase in 2023 Domestic Market • Delay in 2024 government budget impacted on domestic market in Q4 2023 • High season for certain countries Inte
Slide 18: 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