Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Thailand Focus 2024
31 slides from Tipco Asphalt Public's conference presentation, Aug 29, 2024
Slide 1: Thailand Focus 2024: Q2 2024 Operational Results
Tipco Asphalt Public Company Limited (TASCO) Thailand Focus 2024 Q2 2024 Operational Results 29th August 2024 1
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: Mission and Vision
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL MISSION VISION To be a globally preferred integrated To provide asphalt solutions in a asphalt solutions partner sustainable manner led by an innovative culture เราคื อ พั น ธมิ ต รในธุ ร กิ จ ยางมะตอยแบบครบวงจรที่ มุ่ ง มั่ น ในการส่ ง มอบบริ ก ารด้ า น
Slide 4: Tipco Asphalt Journey
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL TIPCO ASPHALT JOURNEY 1991 2008 2016 - 2019 LISTED ON THE STARTED STARTED ROAD STOCK COMMERCIAL CONSTRUCTION EXCHANGE OF OPERATIONS BUSINESS IN THAILAND THAILAND ASPHALT REFINERY IN MALAYSIA INVESTED IN VIETNAM, “TASCO” INDONESIA, EAST MALAYSIA, PHILIPPI
Slide 5: Refinery, Asphalt, Construction and Marine Business
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL REFINERY BUSINESS A S P H A LT B U S I N E S S CONSTRUCTION BUSINESS MARINE BUSINESS
Slide 6: Integrated Value Chain
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL INTEGRATED VALUE CHAIN
Slide 7: Our Regional Presence
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL OUR REGIONAL PRESENCE asphalt emulsion and polymer modified
Slide 8: Asphalt Business
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL ASPHALT BUSINESS
Slide 9: Logistics
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL LOGISTICS Specialized land and sea logistics Asphalt Vessel Fleet Capacity 43,000 DWT Asphalt Truck Fleet units 300
Slide 10: Marine Business
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL MARINE BUSINESS 8 Ocean-going Asphalt Tankers 43,000 DWT of Total Capacity
Slide 11: Asphalt Refinery
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL ASPHALT REFINERY Refining Capacity Specialized Asphalt Refinery 30,000 barrels per day Asphalt Production Capacity 1.2 million tons annually Storage Capacity for Crude 360,000 MT Storage Capacity for Asphalt 76,500 MT Storage Capacity for Oil, Gas Oil an
Slide 12: Construction Business
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL CONSTRUCTION BUSINESS
Slide 13: Innovative Solutions: 3rd Runway Suvarnabhumi Airport
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL INNOVATIVE SOLUTIONS 05 3rd RUNWAY SUVARNABHUMI AIRPORT
Slide 14: Innovative Solutions: Suvarnabhumi Airport, Buriram Race Track
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL INNOVATIVE SOLUTIONS 05 SUVARNABHUMI AIRPORT BURIRUM INTERNATIONAL RACE TRACK
Slide 15: Innovative Solutions: SAT-2 and Rama 9 Bridge
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL INNOVATIVE SOLUTIONS 05 2ND MIDFIELD SATELLITE (SAT-2), SUVARNABHUMI AIRPORT RAMA 9 BRIDGE
Slide 16: Q2 2024 Agenda
Q2 2024 Agenda 01 Financial Performance 02 Q2 2024 Highlights 03 Outlook 04 Q&A 17
Slide 17: Q2 2024 Financial Performance
01 Q2 2024 Financial Performance 18
Slide 18: Sales & Services Revenue and Sales Volume
Sales & Services Revenue and Sales Volume Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Construction Business - Revenue Unit: Mil. Tons Unit: Mil. THB Unit: Mil. THB 2024 2023 2024 2023 2024 2023 27,606 1.12 3,501 8,465 7,206 1,162 0.32 0.23 0.29 0.26 0.25 5,893 6,042 0.22 5,009 5,
Slide 19: Operating Gross Profit
Operating Gross Profit Operating Gross Profit Average Ice Brent Unit: Mil. THB Unit: USD/bbl. 2024 2023 4,138 85.9 85.0 82.7 81.8 1,741 78.0 1,222 343 492 550 625 Q1 Q2 Q3 Q4 Year Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Gross Profit Margin • Gross profit stood at Baht 492 million, reflecting a signi
Slide 20: EBITDA and Net Profit
EBITDA and Net Profit SG&A Unit: Mil. THB %to sales 2024 %to sales 2023 • SG&A for the 2nd quarter Baht 280 million, reduced by 2024 2023 5.3% 5.1% 13.6% as compared with the same period in last year from 4.0% 4.8% the cost management. %SG&A to Sales was 5.1%, slightly 3.5% 4.0% 4.0% 1,262 improved
Slide 21: Key Ratios and Historical Dividend
Key Ratios and Historical Dividend Debt / Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2024 2023 0.56 2024 2023 0.52 0.47 20.2 22.0 19.2 0.40 14.2 16.3 17.8 15.6 7.0 12.2 3.4 6.7 3.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q3 2023 Q4 2023 Q1 2024 Q2 2024 1/ Return is based on sum of last 12 mon
Slide 22: Q2 2024 Highlights
02 Q2 2024 Highlights 23
Slide 23: Q2/2024 Highlight
Q2/2024 Highlight 2024 Government Budget Sales volume breakdown Total THB 180,605 million Unit: Mil. Tons Maintenance Projects THB 86,322 million Construction Projects THB 94,283 million Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 Thailand International • The budg
Slide 24: Asphalt Selling Price vs. Average ICE Brent
Asphalt Selling Price vs. Average ICE Brent 111.8 108.3 100.2 102.9 102.2 99.4 97.4 97.8 88.6 88.4 89.5 88.9 82.2 85.9 81.8 85.0 82.7 78.0 78.4 78.4 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Average Selling Price Average ICE Brent 25
Slide 25: Sustainable Development (SD) updates
Sustainable Development (SD) updates Sustainability framework SD&CG ratings 100% To be announced in Q4 2024 The Company has been assessing material sustainability issues based on the principle of Double Materiality of the European Union’s Corporate Sustainability Reporting Directive (CSRD). 26
Slide 26: Progress on GHG Emissions (Scope 1 & 2)
Progress on GHG Emissions (Scope 1 & 2) Climate Strategic Projects GHG Emission Solar Roof Unit: tCO2e Harnessing sunlight to generate electricity, reducing reliance on conventional power sources for sustainable energy mix. 17,276 15,151 36% Electrical Hot Oil Boiler with Solar Power Replacing diese
Slide 27: Outlook
03 Outlook 28
Slide 28: Outlook
Outlook Feedstock Expected the procurement plan of 1-2 cargoes in 2024 Domestic Market Sales volume resumed in June, and good momentum was expected to continue in Q3. International Market We anticipate sales volume maintained as in 2023 29
Slide 29: Q&A
04 Q&A 30
Slide 30: Tipco Asphalt PLC. (TASCO)
Tipco Asphalt PLC. (TASCO) IR Contact: K. Proud Chettapongsaphan +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com 31
Slide 31: Thank You
THANK YOU www.tipcoasphalt.com 32