Siamgas & Petrochemicals Public Co. Ltd. · SET:SGP
Siamgas & Petrochemicals Public — Q3 2024 Earnings Presentation
35 slides from Siamgas & Petrochemicals Public's earnings presentation, November 2024
Slide 1: 3Q/2024 Performance
3Q/2024 Performance SIAMGAS AND PETROCHEMICALS PUBLIC COMPANY LIMITED
Slide 2: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 2
Slide 3: Major Shareholders
Domestic Fund MAJOR SHAREHOLDERS 0.05% (Weeraborwornpong Group) PUBLIC Retail 55.7 12.94% Foreign 814.32 % 29.99% Million Shares Thai NVDR 1,837.86 1.32% Million Shares PUBLIC 44.3 % 3 Latest book closing : On 15 MAR 2024
Slide 4: Company history and milestones
® 1976 » Founded the company aura 2016 » Invesment * 230 MW. COMBINE CYCLE POWER PLANT in Myanmar o 200. » Business acqu ‘* UNIQUEGAS a uy = 2018 » Invesment #10 MW. DIESEL POWER PLANT in Myanmar o ion © 2005 2008 > Founded marine and _» Listed in SET land logistic > Setup cylinder it manufacture »
Slide 5: Business lines in Thailand and overseas
THAILAND OVERSEA 1 LIQUEFIED PETROLEUM GAS (LPG) LIQUEFIED PETROLEUM GAS (LPG) • Singapore 2 ROAD TRANSPORTATION • China 1 • Malaysia 3 MARINE TRANSPORTATION • Vietnam • Laos 4 CYLINDER MANUFACTURING COMBINE CYCLE POWER PLANT 2 5 OIL RETAIL BUSINESS • Myanmar DIESEL POWER PLANT 3 6 CONTAINER TERMINA
Slide 6: Q3/2024 Thailand and overseas highlights
THAILAND Domestic sale volume in Q3/2024 increased 3.2% compares to the same period last year due to increased in demand from all three sectors which are cooking, automotive, and industry, which increased 2.5%, 3.0% and 5.7% respectively. Domestic sale volume of SGP increased 0.8% compares to the sa
Slide 7: Group business locations
South China, Zhuhai LPG LPG Business SOGEL Vietnam, HaiPhong LPG SUPERGAS Other Business Myanmar, Mawlamying South China, Zhuhai MLIPP LPG Powerplant 230 MW. SINOSIAMGAS Laos Prasansack LPG LPG Business Myanmar, Anin Thailand SMD LPG SIAMGAS & UNIQUEGAS Diesel Powerplant 10 MW. Thailand, Koh Si-Chan
Slide 8: Thailand LPG Business
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 8
Slide 9: LPG value chain and terminals
Customers / Procurement Inbound Logistics SGP Terminal & Depots Outbound Logistics Consumers LPG Transport LPG from separation plant by Fill in LPG cylinder for delivery. truck tanker to the Company’s Terminal COOKING and Depot. Sathupradit Terminal AUTOMOTIVE LPG Bangpakong Terminal Suksawat Termin
Slide 10: LPG market and sales volume
+7.4% +0.4% -10.8% -0.5% 3,639 38.8% 3,389 3,626 21.1% Market Share 3,372 2,749 Market Year TOTAL Share 2 SIAMGAS -15.4% -5.8% +5.3% +1.9% 12.7% 805 759 Others 18.5% 775 790 579 (8 com.) 8.9% Unit : ‘000 tons 2020 2021 2022 2023 9M/2024 YoY: Total +3.2% | SGP +0.8% 61% Siamgas 57% QoQ: Total +5.7% |
Slide 11: Cooking gas sales volume and market share
-4.4% +0.8% +1.2% -0.05% 2,094 2,033 2,095 2,049 Year 1,574 TOTAL SIAMGAS -11.7% -2.6% -0.3% -4.2% 502 489 488 467 350 Unit : ‘000 tons 2020 2021 2022 2023 9M/2024 YoY: Total +2.5% | SGP +4.1% 46.8% Market Share QoQ: Total +6.2% | SGP +5.7% 22.3% Market Share 2 Quarter 523.96 505.82 537.06 5.7% Othe
Slide 12: Automotive gas sales volume and market share
+25.4% +3.2% -26.4% 799 825 752 -14.4% 644 635 Year TOTAL SIAMGAS -24.5% +16.5% +6.2% -24.2% 169 128 147 156 122 Unit : ‘000 tons 2020 2021 2022 2023 9M/2024 YoY: Total +3.0% | SGP +7.2% Others 12.2% Market Share (7 com.) 26.1% 19.2% QoQ: Total +0.8% | SGP +4.5% Market Share 2 Quarter 206.79 211.30
Slide 13: Industrial gas sales volume and market share
+8.8% -1.6% +12.4% 721 -7.2% 732 679 604 540 Year TOTAL +18.8% SIAMGAS -15.6% +5.4% +14.7% 135 167 142 140 106 Unit : ‘000 tons 2020 2021 2022 2023 9M/2024 YoY: Total +5.7% | SGP -14.3% Market Share 46.6% 19.7% QoQ: Total +10.6% | SGP +11.7% Market 188.45 Share 2 Quarter 178.28 170.44 12.2% 17.3% 41
Slide 14: Oversea LPG Business
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 14
Slide 15: LPG and Brent crude price trends
20 60 0 80 140 120 40 100 500 800 900 0 700 1000 100 200 400 300 600 USD/TON 85.6 5 710 740 94.1 7 775 775 112.5 920 895 - 105.8 960 940 111.7 860 850 117.5 750 750 105.1 725 725 97.3 660 670 90.2 630 650 92.9 560 590 90.9 -122.5 610 610 DEC 650.0 JAN 725.0 81.6 650 650 83.9 6 605 590 83.5 790 790 5
Slide 16: Supply routes and floating storage
USA 30 1.5 30 5 45 Middle East 5.5 8 12 Supply from Middle East 7 3 Supply from Australia 2.5 Supply from USA 0.75 Receiving and distribution point 1 Delivery time Australia 7 Floating Storage 16
Slide 17: Thailand sales outlook vs 2023
Unit : tons OUTLOOK -0.7% 76.7% 2024 -6.6% of Y2023 1,015,786 -0.7% 1,500,000 Target 1,015,786 YoY -5.2% 1,416,870 1,323,806 QoQ +4.0% 13.3% 316,591 1,023,103 growth 333,951 304,391 67.7% success 2022 2023 2024 9M/2023 9M/2024 3Q|23 2Q|24 3Q|24 YEARLY 9 MONTH QUARTERLY 17
Slide 18: Offshore trading sales volume
55.7% Unit : tons of 9 MONTH +6.9% Y2023 +25.7% YoY -38.9% -27.3% QoQ -9.4% 1,476,970 822,400 822,400 1,382,207 1,131,806 435,735 266,214 293,771 Yearly Quarterly 9M/2023 9M/2024 3Q|23 2Q|24 3Q|24 2022 2023 2024 O 1,641,000 Target u t 11.1% l growth CHINA MALAYSIA VIETNAM SINGAPORE LAOS o 642,213 TO
Slide 19: Overseas sales volume by country
65.6% 9 MONTH Unit : tons of +25.7% +0.1% Y2023 -14.7% YoY -24.3% QoQ -2.6% 1,838,186 1,838,186 2,800,776 2,799,077 582,805 2,154,909 769,685 598,162 Yearly Quarterly 2022 2023 2024 9M/2023 9M/2024 3Q|23 2Q|24 3Q|24 Proportion sale by country O 3,141,000 Target u t 55.2% 35.0% 5.9% 3.0% 0.8% 0.1% 12
Slide 20: Other Business
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 20
Slide 21: Power Plant
wey, POWER PLANT
Slide 22: Combined cycle and diesel power plant sales volume
SELL TO GOVERNMENT >>> SELL TO HOUSEHOLD >>> SELL TO HOUSEHOLD >>> 230 MW. COMBINE CYCLE POWERPLANT 10 MW. DIESEL POWERPLANT ANNUALLY | SALE VOLUME (MW.) ANNUALLY | SALE VOLUME (MW.) -6.6% YoY YoY -10.8% +2.6% +4.1% +7.8% -16.9% -6.4% -8.7% 1,268,385 6,750 1,131,506 1,177,949 930,512 +67,421 MW. 5,6
Slide 23: Liquid Tank Farm and Deep Sea Port
LIQUID TANK FARM AND DEEP SEA PORT
Slide 24: Tank farm capacity and oil trading volume
LIQUID TANK FARM & DEEP SEA PORT SERVICE OIL TRADING OVERSEA BUSINESS No. Total Number of Utilized ANNUALLY | SALE VOLUME (BARRELS) Capacity Liquid Tank As 31 MAR 2024 (Mil.Liter) +63.5% 1 15.27 4 YoY 1,969,494 (avg. 3.82/unit) 2 2 -60.2% +30.9% 2 27.05 4 -68.2% -392,260 Barrel 4 819,890 (avg. 6.76/
Slide 25: Financial Results
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 25
Slide 26: 9M/2024 revenue portion by region and product
9M/2024 Thailand 28.6% (Thailand LPG, Logistic & Other) REVENUE PORTION by PRODUCT Oversea 71.4% (Offshore Trading & Retail Oversea Business) LPG Oversea, 70.7% LPG Domestic, 21.1% Thailand Offshore 27.3% 39.0% Other, Oversea 5.3% OIL, business 2.9% 32.4% Other 0.9% Logistic 0.4% 26
Slide 27: 9M/2024 consolidated revenue
9M/2024 Consolidated REVENUE of Bt.64,372 m shows a -5.9% yoy decline YEARLY 9MONTH QUARTERLY Unit : Million Baht YoY QoQ -13.2% -5.0% +29.8% -3,024 M.Baht -1,055 M.Baht -11.7% 70.7% 103,198 of Y2023 1,587 91,106 +11.3% +3.0% -1.0% 1,034 23,419 -10.3% -5.0% 22,973 22,737 21,004 64,372 68,369 64,372
Slide 28: Consolidated EBITDA and margin
EBITDA 9M/2024 Consolidated EBITDA of Bt.3,131 m shows a +39.6% yoy growth EBITDA MARGIN YEARLY 9 MONTH QUARTERLY YoY QoQ 81.5% EBITDA -44.8% +101.3% of EBITDA MARGIN +8.3% Y2023 4,500 .0 0 -46.5% 7.0 0% -984 M.Baht +610 M.Baht 4,00 0.00 3,841 3,547 6.00% +167.5% 3,50 0.0 0 3,131 2,500 .0 0 2,197 12
Slide 29: Consolidated net profit and margin
9M/2024 Consolidated NET PROFIT of Bt.1,046 m shows a +302.8% yoy growth YEARLY 9 MONTH QUARTERLY NET PROFIT YoY QoQ NET PROFIT MARGIN -65.8% +3,958.9% 102.8% of -810 M.Baht +431 M.Baht Y2023 -71.9% -4.9% 1,070 1,046 +198.1% 1,018 4.00% 1,20 0.00 3.00% 1,046 1,230 1,000 .0 0 1,400.00 8.00% -38.4% 3.
Slide 30: Assets, liabilities, equity and debt
ASSET (THB Million) LIABILITIES (THB Million) EQUITY (THB Million) PP&E Other asset Shot term loan Current liabilities Total Equity Inventory Cash & Equivalents Long term Debt Non current liabilities +1.2% 52,845 53,454 4,439 +0.3% 5,378 36,930 37,030 +3.2% 9,855 15,914 16,424 9,826 7,900 8,366 Mill
Slide 31: Business Outlook
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 31
Slide 32: 2024 LPG sales volume forecast
SALE VOLUME FORECAST 2024 LPG Sales Volume (Tons) Sales volume (TONs) 2022 2023 9M/2023 Outlook 2024 9M|2024 % Success % YoY SGP - Thailand SGP Offshore Trading SGP - Thailand 803,542.25 812,853.54 605,308.56 860,000 610,167.08 70.9% 0.8% China Vietnam Offshore Trading 1,416,854.16 1,323,806.29 1,02
Slide 33: Dividend Policy
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 OVERSEA LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY 33
Slide 34: Dividend policy and historical dividend payment
DIVIDEND POLICY HISTORICAL DIVIDEND PAYMENT 2024 0.15 The Company has established the policy to Interim 2023 0.10 0.15 pay dividends to the shareholders at the rate Final 2022 0.20 0.20 of not less than 40% of the net profit after 2021 0.20 0.80 corporate income tax, accumulated loss 2020 0.10 0.40
Slide 35: Thank You
THANK YOU 02-120-9999 # 3611,3612 sgp_ir@ugp.co.th www.siamgas.com 553 The Palladium Building 30th Floor, Ratchaprarop Road, Makkasan, Ratchathewi, Bangkok 10400 Thailand.
Siamgas and Petrochemicals Public Company — Q3 2024 Earnings Presentation on 6ix