Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — Q3 2023 Earnings Presentation
12 slides from Tipco Asphalt Public's earnings presentation, Nov 20, 2023
Slide 1: Tipco Asphalt Public Company Limited (TASCO) 4-2023 Opportunity Day
Tipco Asphalt Public Company Limited (TASCO) 4-2023 Opportunity Day (Q3 2023 Operational Results) 20th November 2023
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 Q3 2023 Financial Performance 02 Q3 2023 Highlights 03 Outlook 04 Q&A
Slide 4: Sales & Services Revenue & Sales Volume
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sales & Services Revenue & Sales Volume Asphalt Business • Sales and services stood at Baht 5,893 million, 20.9% decrease from the same period of last year. This was mainly due to the reduction of sales volume in
Slide 5: Operating Gross Profit
Financial Performance Highlights Outlook Operating Gross Profit Operating Gross Profit Average Ice Brent Unit: Mil. THB 2023 2022 Unit: USD/bbl. 4,361 111.8 97.8 88.6 85.9 82.2 78.0 1,741 2,046 1,222 1,049 459 550 807 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q1 Q2 Q3 Q4 Year • Gross profit st
Slide 6: EBITDA and Net Profit
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook EBITDA and Net Profit • SG&A accounted for 4.0% of total sales and services. The Company is SG&A committed to control overhead expenses while improving the operating Unit: Mil. THB 2023 2022 %to sales 2023 %to sal
Slide 7: Key Ratios and Historical Dividend
Financial Performance Highlights Outlook Key Ratios and Historical Dividend Debt/Equity Ratio Return on Equity1/ Return on Asset2/ Unit: % 2023 2022 Unit: % 2023 2022 0.65 0.47 0.52 20.2 22.0 19.2 13.3 15.0 17.8 11.9 11.9 16.3 15.6 11.0 9.6 9.9 12.7 Q3 2022 Q2 2023 Q3 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/
Slide 8: Q3 2023 Highlight
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Q3 2023 Highlight Feedstock • Received a feedstock cargo in Q3 2023 Domestic Market • The domestic volume reduction in Q3 was the consequence of the 2023 government budget fiscal year coming to an end in September
Slide 9: Q3 2023 Highlight - Asphalt Selling Price vs. Ice Brent
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Q3 2023 Highlight - Asphalt Selling Price vs. Ice Brent Unit: USD/barrel Avg. asphalt selling price Avg. Ice Brent price 111.8 111.0 105.2 105.1 102.7 97.4 106.2 92.4 89.0 85.4 84.5 97.8 80.1 80.1 92.7 86.0 74.9 7
Slide 10: Sustainable Development (SD): Key Performance Indicators for Q3 2023
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Sustainable Development (SD): Key Performance Indicators for Q3 2023 2023 KPI Q3 2023 Performance Eco-efficiency GHG Emissions Intensity Reduction (Reduce more than 27%) 38.5% • Zero Number of fatality case (per y
Slide 11: Outlook
Financial Performance INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Highlights Outlook Outlook Feedstock • Reduction of procurement plan to 3 cargo in 2023 Domestic Market • 2024 government budget is expected to be disbursed in Q2 2024 • High season for certain countries such as Indonesia Internatio
Slide 12: Thank you
INTERNAL USE (NON-PUBLIC) - Tipco Asphalt PCL Thank you Phone Number +662 273 6642 Any queries, please contact us! Email Address investors@tipcoasphalt.com Website www.tipcoasphalt.com
Tipco Asphalt Public Company — Q3 2023 Earnings Presentation on 6ix