OPPORTUNITY DAY Q3/2021
29
Asia Biomass Public Company Limited (“ABM”) 11 November 2021 OPPORTUNITY DAY Q3/2021
Transcript of OPPORTUNITY DAY Q3/2021
OPPORTUNITY DAY Q3/2021OPPORTUNITY DAY Q3/2021
01
We supply and distribute various types of biomass fuel and some agriculture products to industrial sector and power plant both domestic and overseas.
Trading
We provide logistic services within company group and other companies.
Logistic services
We had production plant of wood pallet and wood chips to produce high quality products.
Production
Products/Qualification Calorific Value
(kcal/kg) Moisture (%) Ash (%)
Palm Kernel Shell 3,400 - 3,800 25 - 27 Below 4 Wood Chips 2,300 - 2,800 45 - 50 Below 3 Wood Pellets 4,000 - 4,400 8 - 10 Below 3 Wood Shaving 3,700 - 4,000 10 - 18 Below 2.5
Palm kernel shell
Received FSC-CoC
Established PPP, ABI, ABE and ABR
Received additional FSC-CoC Certificate
9001:2005
2020
2021
KEY ADVANTAGES
ABM had strong partnership to support our logistic for both river and in-land include own warehouses.
ABM is certificated with ISO 9001:2015 ISO 14001:2015 FSC Chain of Custody (CoC) of The Forest Stewardship Council
(FSC)
ABM commits to develop renewable biomass fuels over 60 years that
support generating income for farmers and build energy
sustainability
9m/2021 9m/2020 Change (%)
KEY HIGHLIGHT IN 2021
Revenue for 9-month period increase by 31% YoY
(million Baht)
Start wood pellet plant for commercial run and plant is certified by FSC for manufacturing wood pallet process. Full capacity : 2,000 tons / month Current capacity : 1,500 tons / month
KEY HIGHLIGHT IN 2021
KEY HIGHLIGHT IN 2021
INDUSTRY OUTLOOK
ELECTRICITY In AEDP report, Electricity from
Biomass tend to increase from 3,373 MW to 5,790 MW in 2037F with
2.93% CAGR
Y2018 Y2019 Y2020 6M/Y2021 … Target Y2037
MW
kto e
HEAT Heat consumption from Biomass
tend to increase with CAGR 8.33% to 23,000 ktoe in 2037F from AEDP
report
2%
ELECTRICITY RESOURCE Solar Energy 25%
Biomass 29%
Biomass 20%
04
YoY Volume increased from wood chips. QoQ Volume slightly decreased in domestic sales due to higher PKS prices so customers delayed the order and use another product which lower price. Average Export sale portion approx. 26%.
9M Volume increased mainly from Export sale portion increase.
FINANCIAL PERFORMANCE SALES VOLUME
100.00 120.00 140.00 160.00
Palm Kernel Shell Wood Shaving Wood Pellet Wood Chip Others
214 211
9M/2020 9M/2021
Th ou
sa nd
Palm Kernel Shell Wood Shaving Wood Pellet Wood Chip Others
74.40% 74.16% 75.30%
25.60% 25.84% 24.70%
Q3/2020 Q2/2021 Q3/2021
rtio n
Domestic Overseas
In Q3/2021, domestic revenue continually increase from the both volume and domestic palm kernel shell market price increase.
In Q3/2021, gross profit increased from the price significant increase especially PKS and focus on direct shipment, so the transport cost move to selling expense.
Revenue increased to 1,441 MB in 9M/2021 Supported by exported wood chip volume. Domestic revenue increased by compared with 9M/2020 because selling price increase and the impact of COVID-19 in Q2/2020 affected demand dropped significantly.
Gross profit increased in 9M/2021 on higher revenue but gross profit margin slightly dropped from the market competition.
FINANCIAL PERFORMANCE
695 903
1000 1200 1400 1600
217.73 246.71
19.80% 17.12%
Gross Profit GPM
REVENUE / GROSS PROFIT
FINANCIAL PERFORMANCE In Q3/2021, EBITDA increased to • lower gross profit • but transporting cost decreased from a number
of direct shipment dropped affect positive distribution cost.
Q3/2021, the company had net profit from attributable to equity holders of 10.6 MB mainly due to increase in sales.
EBITDA in 9M/2021 increased to 54,65 MB due to • Sales volume increase • Cost reduction policy
Net profit was 22.27 MB in 9M/2021 which increase from 16.19 million baht in 9M/2020 due to increase in sales.
46.25 54.65
4.21% 3.79%
FINANCIAL PERFORMANCE
As of September 30, 2021, the company’s total assets on increased mainly increased from fixed assets mainly due to land revaluation, an increase of 130.44 million baht.
The increase in current assets; increase in inventories due to stocked during the harvest season last year and market price also increase.
Total liabilities and equities on September 30, 2021 increased from the end of last year mainly from an increase in equity from operating profit during the period and the surplus from land revaluation approximately 104.35 million baht.
Current liabilities increased correlation with increased in inventory.
358.40 470.55 514.70
Mi llio
n Ba
Mi llio
n Ba
Total 714.96
Current Ratio
2.55 2.89
Debt/Equity Ratio Unit : Times
ROE Unit : Percent
ROA Unit : Percent
Cash conversion cycle
Average Collection Period Inventory Period Payable Payment Period Cash Cycle
Unit : Day(s)
FINANCIAL RATIO
COMPANY OUTLOOK
COMPANY OUTLOOK
Strategy Sales focus : Focus on new customer Cost reduction : Maximize logistic utilization
2,5002,000
Location Description Purpose
Improve location before operation
Bang Nam Chuet Warehouse
Improve production efficiency
Bang Kung Warehouse - Wood Chip shredder machine - Belt Conveyor Scales
Improve production efficiency
Bio - material TradingBiomass Trading
COMPANY OUTLOOK New strategy : Grow into new potential and high-value product
“High-Value Product”“Traditional Product”
Traditional product 61%
High-value product 39%
1,427 Million THB
Traditional product 40%
High-value product 60%
5,000 Million THB
TARGET 2026ACTUAL 2021
COMPANY OUTLOOK New strategy : Grow into new potential and high-value product
COMPANY OUTLOOK
Source: CPO & FFB Price - Bank of Thailand, Indexmundi, DIT PKS Price – Internal data
CRUDE PALM OIL (CPO)
ABM’s Current product
2017 2018 2019 2020 2021 Aug-21
USD/Mt.THB/kg.
Palm Product Price
Thai CPO (LHS) FFB (LHS) Palm Kernel Shell (LHS) World CPO (RHS)
1,148.82
36.36
80,932 99,973 111,430
Ton(s) Thailand’s CPO Demand
Consumption Biodeisel
New strategy : Grow into new potential and high-value product
COMPANY OUTLOOK New strategy : Grow into new potential and high value market
Source: TTDI
TAPIOCA
2.48 3.10
2.68 3.08
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Million Tons Tapioca Export Volume
Tapioca chip Tapioca starch
6,848 6,318 6,636 7,184
230.50 224.00 238.33 258.88
-
Domestic (LHS) Export (RHS)
New strategy : Grow into new potential and high-value product
This document has been prepared by Asia Biomass Public Company Limited (“ABM”) solely for the reference of intended recipients only.
Some information, shown in the presentation, was obtained from publicly sources which have not been independently justified. The forward looking in this presentation are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time of forward-looking statements.
DISCLAIMER
Asia Biomass PCL 273/2 Rama 2 Road, Samae Dam Sub-district,
Bang Khun Thian District Bangkok 10150
02-415-0054
[email protected]
www.asiabiomass.com
mailto:[email protected]
01
We supply and distribute various types of biomass fuel and some agriculture products to industrial sector and power plant both domestic and overseas.
Trading
We provide logistic services within company group and other companies.
Logistic services
We had production plant of wood pallet and wood chips to produce high quality products.
Production
Products/Qualification Calorific Value
(kcal/kg) Moisture (%) Ash (%)
Palm Kernel Shell 3,400 - 3,800 25 - 27 Below 4 Wood Chips 2,300 - 2,800 45 - 50 Below 3 Wood Pellets 4,000 - 4,400 8 - 10 Below 3 Wood Shaving 3,700 - 4,000 10 - 18 Below 2.5
Palm kernel shell
Received FSC-CoC
Established PPP, ABI, ABE and ABR
Received additional FSC-CoC Certificate
9001:2005
2020
2021
KEY ADVANTAGES
ABM had strong partnership to support our logistic for both river and in-land include own warehouses.
ABM is certificated with ISO 9001:2015 ISO 14001:2015 FSC Chain of Custody (CoC) of The Forest Stewardship Council
(FSC)
ABM commits to develop renewable biomass fuels over 60 years that
support generating income for farmers and build energy
sustainability
9m/2021 9m/2020 Change (%)
KEY HIGHLIGHT IN 2021
Revenue for 9-month period increase by 31% YoY
(million Baht)
Start wood pellet plant for commercial run and plant is certified by FSC for manufacturing wood pallet process. Full capacity : 2,000 tons / month Current capacity : 1,500 tons / month
KEY HIGHLIGHT IN 2021
KEY HIGHLIGHT IN 2021
INDUSTRY OUTLOOK
ELECTRICITY In AEDP report, Electricity from
Biomass tend to increase from 3,373 MW to 5,790 MW in 2037F with
2.93% CAGR
Y2018 Y2019 Y2020 6M/Y2021 … Target Y2037
MW
kto e
HEAT Heat consumption from Biomass
tend to increase with CAGR 8.33% to 23,000 ktoe in 2037F from AEDP
report
2%
ELECTRICITY RESOURCE Solar Energy 25%
Biomass 29%
Biomass 20%
04
YoY Volume increased from wood chips. QoQ Volume slightly decreased in domestic sales due to higher PKS prices so customers delayed the order and use another product which lower price. Average Export sale portion approx. 26%.
9M Volume increased mainly from Export sale portion increase.
FINANCIAL PERFORMANCE SALES VOLUME
100.00 120.00 140.00 160.00
Palm Kernel Shell Wood Shaving Wood Pellet Wood Chip Others
214 211
9M/2020 9M/2021
Th ou
sa nd
Palm Kernel Shell Wood Shaving Wood Pellet Wood Chip Others
74.40% 74.16% 75.30%
25.60% 25.84% 24.70%
Q3/2020 Q2/2021 Q3/2021
rtio n
Domestic Overseas
In Q3/2021, domestic revenue continually increase from the both volume and domestic palm kernel shell market price increase.
In Q3/2021, gross profit increased from the price significant increase especially PKS and focus on direct shipment, so the transport cost move to selling expense.
Revenue increased to 1,441 MB in 9M/2021 Supported by exported wood chip volume. Domestic revenue increased by compared with 9M/2020 because selling price increase and the impact of COVID-19 in Q2/2020 affected demand dropped significantly.
Gross profit increased in 9M/2021 on higher revenue but gross profit margin slightly dropped from the market competition.
FINANCIAL PERFORMANCE
695 903
1000 1200 1400 1600
217.73 246.71
19.80% 17.12%
Gross Profit GPM
REVENUE / GROSS PROFIT
FINANCIAL PERFORMANCE In Q3/2021, EBITDA increased to • lower gross profit • but transporting cost decreased from a number
of direct shipment dropped affect positive distribution cost.
Q3/2021, the company had net profit from attributable to equity holders of 10.6 MB mainly due to increase in sales.
EBITDA in 9M/2021 increased to 54,65 MB due to • Sales volume increase • Cost reduction policy
Net profit was 22.27 MB in 9M/2021 which increase from 16.19 million baht in 9M/2020 due to increase in sales.
46.25 54.65
4.21% 3.79%
FINANCIAL PERFORMANCE
As of September 30, 2021, the company’s total assets on increased mainly increased from fixed assets mainly due to land revaluation, an increase of 130.44 million baht.
The increase in current assets; increase in inventories due to stocked during the harvest season last year and market price also increase.
Total liabilities and equities on September 30, 2021 increased from the end of last year mainly from an increase in equity from operating profit during the period and the surplus from land revaluation approximately 104.35 million baht.
Current liabilities increased correlation with increased in inventory.
358.40 470.55 514.70
Mi llio
n Ba
Mi llio
n Ba
Total 714.96
Current Ratio
2.55 2.89
Debt/Equity Ratio Unit : Times
ROE Unit : Percent
ROA Unit : Percent
Cash conversion cycle
Average Collection Period Inventory Period Payable Payment Period Cash Cycle
Unit : Day(s)
FINANCIAL RATIO
COMPANY OUTLOOK
COMPANY OUTLOOK
Strategy Sales focus : Focus on new customer Cost reduction : Maximize logistic utilization
2,5002,000
Location Description Purpose
Improve location before operation
Bang Nam Chuet Warehouse
Improve production efficiency
Bang Kung Warehouse - Wood Chip shredder machine - Belt Conveyor Scales
Improve production efficiency
Bio - material TradingBiomass Trading
COMPANY OUTLOOK New strategy : Grow into new potential and high-value product
“High-Value Product”“Traditional Product”
Traditional product 61%
High-value product 39%
1,427 Million THB
Traditional product 40%
High-value product 60%
5,000 Million THB
TARGET 2026ACTUAL 2021
COMPANY OUTLOOK New strategy : Grow into new potential and high-value product
COMPANY OUTLOOK
Source: CPO & FFB Price - Bank of Thailand, Indexmundi, DIT PKS Price – Internal data
CRUDE PALM OIL (CPO)
ABM’s Current product
2017 2018 2019 2020 2021 Aug-21
USD/Mt.THB/kg.
Palm Product Price
Thai CPO (LHS) FFB (LHS) Palm Kernel Shell (LHS) World CPO (RHS)
1,148.82
36.36
80,932 99,973 111,430
Ton(s) Thailand’s CPO Demand
Consumption Biodeisel
New strategy : Grow into new potential and high-value product
COMPANY OUTLOOK New strategy : Grow into new potential and high value market
Source: TTDI
TAPIOCA
2.48 3.10
2.68 3.08
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Million Tons Tapioca Export Volume
Tapioca chip Tapioca starch
6,848 6,318 6,636 7,184
230.50 224.00 238.33 258.88
-
Domestic (LHS) Export (RHS)
New strategy : Grow into new potential and high-value product
This document has been prepared by Asia Biomass Public Company Limited (“ABM”) solely for the reference of intended recipients only.
Some information, shown in the presentation, was obtained from publicly sources which have not been independently justified. The forward looking in this presentation are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time of forward-looking statements.
DISCLAIMER
Asia Biomass PCL 273/2 Rama 2 Road, Samae Dam Sub-district,
Bang Khun Thian District Bangkok 10150
02-415-0054
[email protected]
www.asiabiomass.com
mailto:[email protected]
