Thai Beverage Public Co., Ltd. · SGX:Y92

Thai Beverage Public — Thai Beverage Pcl Ord — Q2 2026 Earnings Presentation

27 slides from Thai Beverage Public's earnings presentation, May 15, 2026

  1. Slide 1: Thai Beverage PLC 1H26 Financial Results

    THAI BEVERAGE PLC 1H26 FINANCIAL RESULTS (First Half ended 31 March 2026) 1H26 (First Half ended 31 March 2026) Copyright © 2026 Thai Beverage Public Company Limited

  2. Slide 2: Note on Forward Looking Statements

    NOTE ON FORWARD LOOKING STATEMENTS • The following presentation may contain forward looking statements by the management of Thai Beverage Public Company Limited (“ThaiBev” or “the Company”), relating to financial or other trends for future periods, compared to the results for previous periods. • Som

  3. Slide 3: 1H26 Performance Highlights; Business Segment Results; Financial Information

    1 1H26 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION 1H26 (First Half ended 31 March 2026) Copyright © 2026 Thai Beverage Public Company Limited

  4. Slide 4: 1H26 Performance Highlights

    1H26 PERFORMANCE HIGHLIGHTS Sales EBITDA Net Profit Attributable Profit Revenue From normal Included a From normal Included a From normal Included a business operations non-recurring item business operations non-recurring item business operations non-recurring item 173,219 33,273 31,553 19,162 17,44

  5. Slide 5: Interim Dividend Payment

    INTERIM DIVIDEND PAYMENT Interim’26 Interim’25 (Oct’25 – Mar’26) (Oct’24 – Mar’25) Attributable Profit to Owners of the Parent 14,245(1) 14,710 Million Baht Million Baht Number of Shares 25,132 25,130 Million Shares Million Shares Interim Dividend 3,770 3,770 Million Baht Million Baht Interim Divide

  6. Slide 6: Consolidated: 2Q26 & 1H26 Highlights

    CONSOLIDATED: 2Q26 & 1H26 HIGHLIGHTS Unit: Million Baht 2Q26 2Q25 Change 1H26 1H25 Change (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) (Oct'25 - Mar'26) (Oct'24 - Mar'25) (%) Sales Revenue 86,516 85,352 1.4% 173,219 177,617 -2.5% COGS (58,346) (58,981) (117,221) (123,301) % of Sales Revenue 67.4% 69.1% 6

  7. Slide 7: Consolidated: 2Q26 & 1H26 Highlights

    CONSOLIDATED: 2Q26 & 1H26 HIGHLIGHTS Unit: THB Million 2Q26 2Q25 Change Change (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) Sales 86,516 85,352 1,164 1.4% Gross Profit 28,170 26,371 1,799 6.8% EBITDA 16,527 14,667 1,860 12.7% Second Quarter Net Profit 8,964 8,083 881 10.9% ended Attributable Profit 7,371

  8. Slide 8: Contribution per Business Segment

    CONTRIBUTION PER BUSINESS SEGMENT 100% 1H26 Sales Revenue 173,219 1H26 EBITDA Million Baht 49.9% 33,273 (2) 100% 28.8% Million Baht 17.3% 3.6% 0.4% Spirits Beer Non-Al Food Others (1) Total Beverages 100% 37.7% 36.2% 64.4% 18.2% 1H26 Net Profit (2) 6.6% 1.4% 19,162 23.1% 12.6% Million Baht 0.4% -0.1

  9. Slide 9: Total Sales Volume

    TOTAL SALES VOLUME Unit: Million Litres SPIRITS BEER NON-ALCOHOLIC BEVERAGES 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 0.3% 838 835 9.4% 617 6.2% 564 2.0% 1.2% 361 383 303 297 0.5% 22.2% 5.4% 90 90 84 65 174 172 4.8% 10 10 24 25 Water Soft Drinks & Others* Dairies Tea * Isotonic drinks, carbonated soft drinks,

  10. Slide 10: Business Segment Results

    1 1H26 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION 1H26 (First Half ended 31 March 2026) Copyright © 2026 Thai Beverage Public Company Limited

  11. Slide 11: Spirits 2Q26

    SPIRITS 2Q26 Performance SALES REVENUE  • A decline in sales volume amid softer domestic consumption, Unit: THB million 2Q26 2Q25 Change partially offset by continued growth in the international business (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) COGS (%) Sales Revenue 32,006 32,282 -0.9% • A decrease

  12. Slide 12: Spirits 1H26

    SPIRITS 1H26 Performance SALES REVENUE  • Supported by growth in 1Q26, despite slightly softer domestic Unit: THB million 1H26 1H25 Change consumption in 2Q26, while the international business (Oct'25 - Mar'26) (Oct'24 - Mar'25) (%) continued its growth momentum Sales Revenue 65,373 64,520 1.3% COG

  13. Slide 13: Spirits: Revenue-Cost Break Down

    SPIRITS: REVENUE-COST BREAK DOWN % of 1H26 Total Spirits Revenue 100.0% 9.7% 8.5% 43.0% 1.1% 0.6% 2.3% 11.4% 4.8% (0.1%) 18.7% Total Raw Material Packaging Excise Tax Labor Depreciation Others SG&A Int. Exp.+ Inc. Share of Net Profit Revenue Tax profit* * Share of profit of investment in associates

  14. Slide 14: Beer 2Q26

    BEER 2Q26 Performance SALES REVENUE  • An increase in sales volume across Thailand and overseas Unit: THB million 2Q26 2Q25 Change markets (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) COGS (%) Sales Revenue 31,716 30,094 5.4% • A decrease in key raw material costs COGS (23,240) (22,869) % of Sales Reven

  15. Slide 15: Beer 1H26

    BEER 1H26 Performance SALES REVENUE  • Weaker 1Q26 performance amid subdued market conditions in Unit: THB million 1H26 1H25 Change Thailand, severe weather in Vietnam, and unfavorable (Oct'25 - Mar'26) (Oct'24 - Mar'25) (%) exchange rate translation, despite a recovery in 2Q26 Sales Revenue 62,639

  16. Slide 16: Beer: Revenue-Cost Break Down

    BEER: REVENUE-COST BREAK DOWN % of 1H26 Total Beer Revenue 100.0% 9.5% 16.0% 42.7% 1.1% 1.3% 1.8% 15.2% 5.8% (0.3%) 6.9% Total Raw Material Packaging Excise Tax Labor Depreciation Other SG&A Int. Exp.+ Inc. Share of Net Profit Revenue Tax profit* * Share of profit of investment in associates and joi

  17. Slide 17: Non-Alcoholic Beverages 2Q26

    NON-ALCOHOLIC BEVERAGES 2Q26 Performance SALES REVENUE  • A decrease in sales volume amid softer consumer demand, Unit: THB million 2Q26 2Q25 Change partially offset by growth in the Water category (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) COGS (%) Sales Revenue 16,095 16,483 -2.4% COGS (10,240) (10,

  18. Slide 18: Non-Alcoholic Beverages 1H26

    NON-ALCOHOLIC BEVERAGES 1H26 Performance SALES REVENUE  • A decrease in total sales volume amid softer consumer demand Unit: THB million 1H26 1H25 Change and geopolitical uncertainties (Oct'25 - Mar'26) (Oct'24 - Mar'25) (%) COGS (%) Sales Revenue 31,596 33,438 -5.5% • A decrease in packaging cost

  19. Slide 19: Food 2Q26

    FOOD 2Q26 Performance SALES REVENUE  • Supported by good performance in the quick service restaurant Unit: THB million 2Q26 2Q25 Change business, reflecting solid consumer demand for value-for- (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) money offerings amid economic uncertainty Sales Revenue 5,704 5,4

  20. Slide 20: Food 1H26

    FOOD 1H26 Performance SALES REVENUE  • Supported by continued growth of the quick service restaurant Unit: THB million 1H26 1H25 Change business amid cautious consumer spending and economic (Oct'25 - Mar'26) (Oct'24 - Mar'25) (%) uncertainty Sales Revenue 11,325 11,145 1.6% COGS (%) • A decrease in

  21. Slide 21: Others 2Q26

    OTHERS 2Q26 Performance SALES REVENUE  Unit: THB million 2Q26 2Q25 Change • Unfavorable exchange rate translation, despite improved underlying performance in the Education and Print segments (Jan'26 - Mar'26) (Jan'25 - Mar'25) (%) Sales Revenue 1,082 1,095 -1.2% COGS (%) COGS (791) (882) • Lower co

  22. Slide 22: Others 1H26

    OTHERS 1H26 Performance SALES REVENUE  • Improved performance, particularly in the Education and Print Unit: THB million 1H26 1H25 Change segment, supported by higher orders, and recurring orders from the sustainable packaging business (Oct'25 - Mar'26) (Oct'24 - Mar'25) (%) COGS (%) Sales Revenue

  23. Slide 23: Financial Information

    1 1H26 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FINANCIAL INFORMATION 1H26 (First Half ended 31 March 2026) Copyright © 2026 Thai Beverage Public Company Limited

  24. Slide 24: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Unit: THB Million ASSETS LIABILITIES AND EQUITY 533,392 533,392 509,591 509,591 Current Liabilities 6,252 94,908 Current Assets 11,965 143,555 • An increase in trade payables, other 88,656 131,590 payables, and current portion of • An increase in cash and cash at debe

  25. Slide 25: Interest-Bearing Debt

    INTEREST-BEARING DEBT (From Banks, Debentures, Bonds and Others) Unit: THB Million 31-Mar-26 30-Sep-25 Change Current Bank overdrafts and short-term loans from financial institutions 7,827 7,684 143 Current portion of debentures and bonds 23,848 23,186 662 Current portion of long-term loans from fin

  26. Slide 26: Financial Ratios

    FINANCIAL RATIOS RATIOS 31-Mar-26 30-Sep-25 Current Ratio (times) 1.51 1.48 Liability to Equity Ratio (Gearing Ratio) (times) 1.36 1.36 Interest Bearing Debt to Equity Ratio (times) (1) 1.04 1.05 Net Interest Bearing Debt to Equity Ratio (times) (1) 0.81 0.85 Interest Bearing Debt to EBITDA (times)

  27. Slide 27: 1H26 (First Half ended 31 March 2026) Copyright © 2026 Thai Beverage Public Company

    1H26 (First Half ended 31 March 2026) Copyright © 2026 Thai Beverage Public Company Limited

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