Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q2 2021 Earnings Presentation
14 slides from Tipco Asphalt Public's earnings presentation, Aug 17, 2021
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 3-2021 Opportunity Day
Tipco Asphalt Public Company Limited (TASCO) 3-2021 Opportunity Day (Q2 2021 Operational Results) 17th August 2021
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 Q2 2021 Financial Performance 02 Q2 2021 Highlights 03 Sustainable Development 04 Outlook 05 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance Highlights Sustainable Development Outlook Sales & Services Revenue & Sales Volume Total Revenue Unit: Mil. THB 26,155 • Revenue from asphalt business stood at Baht 2021 2020 7,041 million, an 7.6% increase from Q2 2020. This was mainly attributed to the hike 5,871 5,111 7,713
Slide 5: Operating Gross Profit
Financial Performance Highlights Sustainable Development Outlook Operating Gross Profit Operating Gross Profit Unit: Mil. THB 2021 2020 5,554 • The improvement in gross profit was mainly due to an increase in average retail asphalt selling price as compared to the inventory cost together 2,504 2,567
Slide 6: EBITDA & Net Profit
Financial Performance Highlights Sustainable Development Outlook EBITDA & Net Profit EBITDA Unit: Mil. THB 5,591 • The Group’s cashflow generated from operations stood at Baht 957 million compared to Baht 2,361 1,261 million in Q2 2020 mainly from the 1,590 1,059 379 957 1,261 reduction of sales vol
Slide 7: Debt to Equity Ratio
Financial Performance Highlights Sustainable Development Outlook Debt to Equity Ratio Debt/Equity Ratio 0.82 0.67 0.72 Q2 2020 Q1 2021 Q2 2021 Total liabilities/Total equity The Group’s consolidated debt to equity ratio (D/E ratio) was 0.72 comparing to 0.82 in the corresponding period a year ago du
Slide 8: Key Ratios and Historical Dividend
Financial Performance Highlights Sustainable Development Outlook Key Ratios and Historical Dividend Return on Equity1/ Return on Asset2/ Unit: % Unit: % 2021 2020 2021 20202 33.9 23.9 28.4 19.9 19.3 25.0 25.4 18.0 17.8 11.6 12.6 8.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum of last 12 months
Slide 9: Q2 2021 Highlight
Financial Performance Highlights Sustainable Development Outlook Q2 2021 Highlight • On top of 2 alternative crudes receive in Q1 2021, 2 additional alternative Refinery & crudes were received in Q2 2021 Crude Road related budget in Thailand Unit: Billion Baht 173.4 • Strong budget disbursement in Q
Slide 10: Q2 2021 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance Highlights Sustainable Development Outlook Q2 2021 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 85.4 80.1 80.1 76.0 74.9 70.1 71.4 71.2 67.2 68.1 65.3 68.9 69.0 67.1 61.5 64.7 62.9 71.2 60.0 68.3 61.1 57.3 63.6
Slide 11: CSR Activities in Q2 2021
Financial Performance Highlights Sustainable Development Outlook CSR Activities in Q2 2021 With the ongoing 3rd-wave COVID-19 pandemic outbreak situation, our Group has greatly participated upon several philanthropy and donation activities with government agencies and private hospitals 8
Slide 12: Outlook – Crude & Refinery
Financial Performance Highlights Sustainable Development Outlook Outlook – Crude & Refinery • Received a cargo in July Crude • Current crude inventory is sufficient for asphalt production until Q1 2022 • Potential temporary shutdown to accommodate selective market strategy • Currently, the Group’s m
Slide 13: Outlook - Domestic and International market
Financial Performance Highlights Sustainable Development Outlook Outlook - Domestic and International market Domestic Market International Market • Although Q3 2021 will be soft quarter, Q4 • H2 2021 will be driven by Vietnam, China 2021 is driven by 2022 government Malaysia and selective markets bu
Slide 14: Thank You
THANK YOU Any queries, please contact: At email: investors@tipcoasphalt.com Tel: 662-273-6642 www.tipcoasphalt.com
Tipco Asphalt Public Company — Q2 2021 Earnings Presentation on 6ix