analyst meeting 2/2020 - tmt steel...analyst meeting 2/2020 financial highlights steel consumptions...
TRANSCRIPT
MAY 18, 2020
Analyst Meeting
2/2020
FINANCIAL HIGHLIGHTS
STEEL CONSUMPTIONS
SALES VALUE
(Million Baht)
- 20.31% YoY
4,439 4,156 4,184
3,704 3,538
1Q19 2Q19 3Q19 4Q19 1Q20
201,316 183,963
199,117 194,360 183,911
1Q19 2Q19 3Q19 4Q19 1Q20
SALES VOLUME
(Ton)
- 4.49% QoQ
FINANCIAL HIGHLIGHTS Q1 2020
- 8.65% YoY
- 5.38% QoQ
3
Tons
Classified by Products
21%
40%
39%
Trading
Processing
Cold Forming
50%
26%
21%
Classified by Business Group
Factory
Wholesaler
Construction
SALES VOLUME
183,911
FINANCIAL HIGHLIGHTS Q1 2020
4
Other 3%
59,378 47,131 45,122 41,878 38,756
1Q19 2Q19 3Q19 4Q19 1Q20
TRADING (Ton)
82,360 78,409 82,396 77,205 73,155
1Q19 2Q19 3Q19 4Q19 1Q20
PROCESSING (Ton)
59,578 58,423 71,593
75,276 72,000
1Q19 2Q19 3Q19 4Q19 1Q20
COLD FORMING (Ton)
+ 20.85% YoY
- 4.35% QoQ
Classified by Products SALES VOLUME
- 11.18% YoY
- 5.25% QoQ
FINANCIAL HIGHLIGHTS Q1 2020
- 7.45% QoQ
- 34.73% YoY
5
225 296
194 183
313
5.08%
7.12%
4.63% 4.93%
8.85%
0
100
200
300
400
500
600
1Q19 2Q19 3Q19 4Q19 1Q20
Mill
ion
Bah
t
% to
Sal
es V
alue
Mill
ion
Bah
t
% to
Sal
es V
alue
+ 38.92% YoY
GROSS PROFIT NET PROFIT
6
+ 71.43% QoQ
+ 61.57% YoY
+ 500.76% QoQ
FINANCIAL HIGHLIGHTS Q1 2020
76 108
27 20
123
1.72%
2.59%
0.63%
0.55%
3.49%
20
40
60
80
100
120
140
160
180
200
1Q19 2Q19 3Q19 4Q19 1Q20
0.09
0.12
0.03 0.02
0.14
1Q19 2Q19 3Q19 4Q19 1Q20
1.89 1.87 1.89
1.46 1.66
1Q19 2Q19 3Q19 4Q19 1Q20
D/E RATIO (Times) EPS (Baht)
7
FINANCIAL HIGHLIGHTS Q1 2020
4.24 3.99 3.29 3.22
6.47
12.24 11.44
9.52
7.92
10.01
1Q19 2Q19 3Q19 4Q19 1Q20
ROA
ROE
37 44 45
37 43
63 65 61
57 63
1Q19 2Q19 3Q19 4Q19 1Q20
Inventory Turnover period
Collection period
PROFITABILITY RATIO (%) LIQUIDITY RATIO (DAY)
8
FINANCIAL HIGHLIGHTS Q1 2020
Total Apparent Finished Steel Consumption (Thailand)
Source : ISIT
18.2
20.9 19.1 19.3
18.5
4.4
3.9 4.6 4.1 4.6 4.0
1.0
21.5% 21.9% 21.2%
23.6%
21.5% 23%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
0
5
10
15
20
25
2015 2016 2017 2018 2019 1Q20
Mil
lio
n T
on
s
Total Consumption Total HRC % of HRC
9
-1.41% QoQ +5.80% YoY
+3.03% QoQ +7.94% YoY
3.9 4.6 4.2
3.9
4.6
4.1
4.6
4.0
1.0 0.32 0.39 0.37 0.44 0.52 0.54 0.61 0.64
0.16
8.3% 8.5% 9.0%
11.2% 11.3% 13.3% 13.4%
16.2% 15.5%
-12.0%
-7.0%
-2.0%
3.0%
8.0%
13.0%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
2012 2013 2014 2015 2016 2017 2018 2019 1Q20
Mil
lio
n T
on
s
Consumption of HRC TMT HRC % of TMT Market Shares
TMT Market Shares - HRC
Source : ISIT
10
+ 3.03 % QoQ
+ 7.94 % YoY
- 5.65 % QoQ
- 4.11 % YoY
