Q4|2018 PERFORMANCE RESULTS PRESENTATION FOR INVESTOR & ANALYST
DISCLAIMER The informat ion cont ained in t his present at ion is for informat ion purposes only and does not const it ut e an offer or invit at ion t o sell or t he solicit at ion of an offer or invit at ion t o purchase or subscribe for share in S iamgas and Pet rochemicals Public Company Limit ed (“ S GP” and shares in S GP, “ shares” ) in any j urisdict ion or should it or any part of it form t he basis of, or be relied upon in any connect ion wit h, any cont ract or commit ment what soever. This present at ion may include informat ion which is forward-looking in nat ure. Forward- looking informat ion involve known and unknown risks, uncert aint ies and ot her fact ors which may impact on t he act ual out comes, including economic condit ions in t he market s in which S GP operat es and general achievement of S GP business forecast s, which will cause t he act ual result s, performance or achievement s of S GP t o differ, perhaps mat erially, from t he result s, performance or achievement s expressed or implied in t his present at ion. This present at ion has been prepared by t he S GP. The informat ion in t his present at ion has not been independent ly verified. No present at ion, warrant y, express or implied, is made as t o, and no reliance should be placed on, t he fairness, accuracy, complet eness or correct ness of t he informat ion and opinions in t his present at ion. None of t he S GP or any of it s agent s or advisers, or any of t heir respect ive affiliat es, advisers or represent at ives, shall have any liabilit y (in negligence or ot herwise) for any loss howsoever arising from any use of t he present at ion or it s cont ent s or ot herwise arising in connect ion wit h t his present at ion. This present at ion is made, furnished and dist ribut ed for informat ion purposes only. No part of t his present at ion shall be relied upon direct ly or indirect ly for any invest ment decision-making or for any ot her purposes. This present at ion and all ot her informat ion, mat erials or document s provided in connect ion t herewit h, shall not , eit her in whole or in part , be reproduced, redist ribut ed or made available t o any ot her person, save in st rict compliance wit h all applicable laws. 2
AGENDA Business Overview • Thailand Business • Oversea Business • Financial Results • Business Outlook • Q & A • 3
SHAREHOLDING STRUCTURE 61.3% MANAGEMENT Fund Thai NVDR 14.3% 6.5% Retail 17.9% 38.7% PUBLIC Latest book closing : On 31 AUG 2018 4
MILESTONES Business acquisition Invest in Business acquisition Vietnam | Supergas 10 MW. Power Plant Founded Founded Vietnam | Citygas N. Singapore | Singgas and transmission line the company Marine & land logistic Malaysia | Mygaz China | Sinosiam in Myanmar 2 1 2 2 2 SUSTAINABLE 0 9 0 0 0 GROWTH 1 7 0 1 1 8 6 5 0 3 2 2 2 2 0 0 0 0 0 0 1 1 4 8 1 6 Business acquisition Listed in Setup | Trading Invest in Uniquegas Business in Singapore 230 MW.Power Plant Setup | Cylinder Business acquisition In Myanmar Manufacture China | Sogel Acquire | Ethanol Business 5
Business operation THAILAND OVERSEA LIQUEFIED PETROLEUM GAS LIQUEFIED PETROLEUM GAS (LPG) 1 (LPG) • Singapore 2 1 • China ROAD TRANSPORTATION • Malaysia 3 MARINE TRANSPORTATION • Vietnam COMBINE CYCLE POWER CYLINDER PLANT 4 MANUFACTURING 2 • Myanmar 5 OIL RETAIL BUSINESS DIESEL POWER PLANT 3 • Myanmar CONTAINER TERMINAL 6 SERVICE BUSINESS 6
BUSINESS UPDATE Thailand Expand pet rol wit h LPG st at ions. Expand Filling plant s. Overseas The Company is const ruct ing t erminal and f illing plant s in Myanmar. The Company is const ruct ing f illing plant in Penang Malaysia. The Company is planning t o const ruct LPG t erminal in Indonesia and Bangladesh. 7
PROJECT LPG TERMINAL AT. Northport, Malaysia 8
Terminal north port Project success >>> LPG filling hall 95 % 9
Terminal north port Project success >>> LPG filling hall 95 % 10
Terminal north port Project success >>> TRUCK loading building 80 % 11
SGP’s PRESENCE LPG business OTHER business S HANTOU, S OUTH CHINA | S OGEL HAIPHONG | CITYGAS NORTH ZHUHAI, S OUTH CHINA | S INOS IAMGAS MYANMAR, MAWLAMYING | MLIPP POWERPLANT 230 MW. MYANMAR, ANIN | S MD POWERPLANT & TRANS MIS S ION LINE 10 MW. HO CHI MINH | S UPERGAS THAILAND | S IAMGAS & UNIQUEGAS EAS T MALAYS IA | MYGAZ MALAYS IA | MYGAZ S INGAPORE, RETAIL BUS INES S | S INGGAS S INGAPORE,TRADING BUS INES S | S GT 12
AGENDA Business Overview • Thailand Business • Oversea Business • Financial Results • Business Outlook • Q & A • 13
THAILAND BUSINESS MODEL SGP COMMERCIAL FILLING USERS GAS PLANTS COOKING LPG REFINERIES S RETAILERS PLANTS EP & AGENT ARATION HOUSEHOLD FILLING USERS PLANTS SGP INDUST. TERMINALS INDUSTRIAL USERS & DEPOTS LPG IMPORT SGP AUTO-LPG AUTOMOTIVE SGP STATIONS MOTORISTS AGENT AUTO-LPG STATIONS 14
SGP’s NETWORK IN THAILAND 25 8 500 vessels terminals roadtankers 5.Lampang 6.Khonkaen 4.Nakornsawan 1.Bangkok Floating Storage 2.S amut prakan 3.Chachoengsao 7.S urat t hani FILLING PLANT & AUTOGAS STATION 8.S ongkhla Company Filling Plant s x 43 Agent Filling Plant s x 144 Company Aut ogas S t at ions x 44 Agent Aut ogas S t at ions x 521 15
THAILAND LPG MARKET LPG Sales Volume (‘000 tons) | ALL SECTORS SGP’s market share in Thailand 23.6% 24.1% 24.4% 24.6% YoY: Total -3.0% | SGP -2.2% 4,409 4,177 4,108 -5.3% -1.6% -2.4% 4,011 QoQ: Total -0.2% | SGP +0.04% 3,370 3,171 3,107 3,027 1,034 1,004 1,002 -3.3% -0.4% -1.7% 783 759 757 1,039 1,005 1,001 984 251 245 246 2015 2016 2017 2018 4Q'17 3Q'18 4Q'18 SGP Group Others Total SGP GROUP - 2018 LPG market size 4.01 million TON 24.6% MARKET SHARE Cooking 2.16 million TON (53.9%) 1. PTT 41.1 % MKT SHARE 2018 2 Automotive 1.17 million TON (29.2%) 2. SGP 24.6 % 3. WP 18.0 % Industrial 0.68 million TON (16.2%) OTHERS 75.5% 4. OTHER 16.4 % - Average growth (’14-’18) -3.4% 16
COOKING MARKET LPG Sales Volume (‘000 tons) | COOKING SECTORS SGP’s market share in Thailand 29.1% 29.3% 28.6% 27.5% COOKING PORTION YoY: Total -1.1% | SGP -3.8% 2,151 2,164 2,110 2,094 +0.8% +1.9% +0.6% QoQ: Total +0.1% | SGP +0.6% 1,534 1,570 1,491 1,484 6 0% 552 545 545 +1.4% -0.4% -3.5% 397 397 396 610 619 616 594 155 148 149 2015 2016 2017 2018 4Q'17 3Q'18 4Q'18 SGP Group Others Total Cooking SGP GROUP MARKET SHARE 27.5% 1. PTT 49.7 % MKT SHARE 2 2. SGP 27.5 % 2018 3. WP 19.9 % OTHERS 4. OTHER 2.9 % 72.5% 17
AUTOMOTIVE MARKET LPG Sales Volume (‘000 tons) | COOKING SECTORS SGP’s market share in Thailand 16.9% 16.7% 17.5% 19.5% AUTOMOTIVE PORTION 1,731 YoY: Total -10.2% | SGP -2.0% -15.3% 1,466 -10.0% -11.3% 1,319 1,170 QoQ: Total -1.0% | SGP -1.5% 1,439 23% 1,221 1,089 942 317 288 285 -16.3% -5.9% -0.9% 261 231 229 292 245 230 228 57 57 56 2015 2016 2017 2018 4Q'17 3Q'18 4Q'18 SGP Group Others Total Automotive SGP GROUP MARKET SHARE 19.5% 1 1. SGP 19.5 % MKT SHARE 2. WP 18.5 % 9M|2018 3. PTT 17.3 % OTHER 4. OTHER* 44.7 % S 80.5% * 10 company 18
INDUSTRY MARKET LPG Sales Volume (‘000 tons) | COOKING SECTORS SGP’s market share in Thailand 23.4% 23.6% 24.3% 23.9% INDUSTRY PORTION YoY: Total +4.4% | SGP +3.9% 677 638 +2.8% +6.3% +6.0% 600 17% 584 QoQ: Total +0.4% | SGP +0.3% 515 483 459 448 172 171 165 +3.7% +9.3% +4.4% 125 130 131 162 155 137 142 39 41 41 2015 2016 2017 2018 4Q'17 3Q'18 4Q'18 SGP Group Others Total Industrial SGP GROUP MARKET SHARE 23.9% 1. PTT 54.5 % MKT SHARE 2 2. SGP 23.9 % 2018 3. WP 11.2 % OTHERS 4. OTHER 10.4 % 76.1% 19
AGENDA Business Overview • Thailand Business • Oversea Business • Financial Results • Business Outlook • Q & A • 20
HISTORICAL CP PRICE MOVEMENT 8 5 6 9 4 7 3 6 2008 2009 2010 2007 +385.0 -535.0 +387.5 +200.0 6 7 2 7 6 2012 5 2013 2014 10 2011 5 +185.0 +182.5 -130.0 -602.5 6 6 6 6 2 2 4 4 6 6 2015 2018 2016 2017 -92.5 -67.5 +180.0 -150.0 21
Saudi Aramco CP vs Crude oil Propane [C3] Butane [C4] USD/TON 2017 2018 635 655 700 600 600 560 570 595 580 580 570 570 Q1 +140.0 -107.5 600 655 525 520 505 505 500 495 490 560 555 580 600 465 470 470 575 575 590 590 460 Q2 -152.5 +87.5 500 415 420 540 525 390 390 365 510 480 480 475 500 490 480 400 Q3 +102.5 +57.5 445 430 440 435 430 420 385 385 300 Q4 +90.0 -187.5 345 200 2018 2019 6 6 4 2 2 1 2 100 4 +180.0 -150.0 Q1 -107.5 +75.0 0 2017 2018 USD/BARREL Q1 -2.1 +2.5 90.0 Brent crude oil 80.0 Q2 -5.1 +9.2 80.6 79.1 77.0 70.0 75.9 75.0 73.8 71.8 69.1 60.0 66.7 66.0 65.7 65.1 64.4 Q3 +8.3 +3.2 64.2 62.6 60.2 57.6 57.7 50.0 55.5 54.9 55.2 53.1 52.0 51.4 50.9 48.7 Q4 +9.1 -21.4 40.0 46.9 30.0 2018 2019 20.0 10.0 Q1 +2.5 +7.5 0.0 22
Recommend
More recommend
