Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q3 2024 Earnings Presentation
17 slides from Tipco Asphalt Public's earnings presentation, Nov 15, 2024
Slide 1: Tipco Asphalt Public Company Limited (TASCO) Opportunity Day Q3 2024
Tipco Asphalt Public Company Limited (TASCO) Opportunity Day Q3 2024 Operational Results 15th November 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: Q3 2024 Agenda
Q3 2024 Agenda 01 Financial Performance 02 Q3 2024 Highlights 03 Outlook 04 Q&A 3
Slide 4: Q3 2024 Financial Performance
01 Q3 2024 Financial Performance 4
Slide 5: Strong Asphalt revenue in Q3 mainly from Domestic market
Strong Asphalt revenue in Q3 mainly from Domestic market Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons Unit: Mil. THB 2024 2023 2024 2023 +27% -10% 0.87 +42% -14% 0.78 21,564 18,400 0.32 0.29 0.33 8,465 8,375 0.23 0.26 0.25 7,206 6,042 0.22 5,009 5,016 5,893 Q1 Q2 Q
Slide 6: Q3 Operating Gross Profit
Q3 Operating Gross Profit Improved resulted from high volume and price Operating Gross Profit Average Selling price Unit: Mil. THB Unit: USD/bbl. 2024 2023 3,513 100.2 108.3 +22% vs Q2 24 +152% -37% 102.9 102.2 2,219 99.4 95.7 1,741 88.4 1,222 1,384 89.5 88.9 492 550 625 343 78.4 78.4 Q1 22 Q2 22 Q3
Slide 7: Q3 EBITDA and Net Profit
Q3 EBITDA and Net Profit Improved from higher sales volume and gross profit margin SG&A %SG&A Unit: Mil. THB 2024 2023 %to sales 2024 %to sales 2023 +22% -0.2% 5.3% 5.1% 924 926 3.8% 4.6% 4.8% 300 320 280 324 344 282 336 4.0% 4.0% 3.9% 3.5% Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD EBITDA Net Profit Unit: Mil
Slide 8: 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 0.51 0.47 20.2 22.0 19.2 0.40 14.2 16.3 17.8 15.6 7.0 6.8 12.2 3.4 6.7 3.6 6.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 1/ Return is based
Slide 9: Q3 2024 Highlights
02 Q3 2024 Highlights 9
Slide 10: Q3/2024 Highlight
Q3/2024 Highlight Domestic Market The government approved the fiscal budget for 2025 fiscal year in the late 3rd quarter, total THB 195,934 million for Road construction and Road maintenance (8.5% growth vs. 2024 budget) for all government related departments. • Expected asphalt demand for the 2025
Slide 11: Sustainable Development (SD) updates
Sustainable Development (SD) updates SD&CG ratings Result 100% 51 To be announced in Dec Adoption to new guideline – FTSE Russell • The Company received 5 stars or “Excellent” CG Scoring from the Corporate Governance Report (CGR) of Thai Listed Companies 2024 from the • SET is set to adopt a new sco
Slide 12: Sustainable Development (SD) updates
Sustainable Development (SD) updates • The Company has been focusing on developing low carbon products as one of our climate strategic projects. Tipco Joint Sealer has been granted the Carbon Footprint of Reduction (CFR) label certification by the Thailand Greenhouse Gas Management Organization (TGO
Slide 13: Outlook
03 Outlook 14
Slide 14: Outlook
Outlook • Expected continuous high demand in Q4 2024 Domestic Market • As the 2025 fiscal year budget was approved in Q3 2024, new demand for asphalt is expected to be in late Q4 2024 / early Q1 2025. International Market We anticipate sales volume to maintain the same as in 2023 15
Slide 15: Q&A
04 Q&A 16
Slide 16: Tipco Asphalt PLC. (TASCO)
Tipco Asphalt PLC. (TASCO) IR Contact: K. Proud Chettapongsaphan +66 2 273 6563 Share you feedback with us by scanning the QR code investors@tipcoasphalt.com www.tipcoasphalt.com 17
Slide 17: THANK YOU
THANK YOU www.tipcoasphalt.com 18
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