Thai Beverage PCL
SGX:Y92

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Thai Beverage PCL Logo
Thai Beverage PCL
SGX:Y92
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Price: 0.475 SGD 1.06% Market Closed
Market Cap: 11.9B SGD

Thai Beverage PCL
Investor Relations

In the bustling world of the Southeast Asian beverage industry, Thai Beverage Public Company Limited (Thai Bev) stands as a towering figure. Established in 2003, but with roots tracing back to a century-old brewing heritage, the company swiftly cultivated a dynamic portfolio that includes beers, spirits, non-alcoholic beverages, and food. The key to Thai Bev's success lies in its strategic combination of tradition and innovation. Leveraging deep-rooted consumer loyalty to brands such as Chang Beer and SangSom Rum, Thai Bev has sustained a dominant market presence, all while dynamically expanding its offerings. Positioned as one of the largest beverage companies in the region, it maintains a deft balance in its core operations, achieving steady revenue streams through diversified yet synergistic product lines.

Thai Bev's financial prowess is a product of its robust operational strategy, which harmonizes local expertise with a broadening international footprint. The company deftly maneuvers through the complexities of both local markets and global ambitions, focusing on producing high-quality products that cater to evolving consumer preferences. Its investments in state-of-the-art facilities and aggressive marketing campaigns have further solidified its market position. With cost-effective production processes and an extensive distribution network spanning local and regional markets, Thai Bev efficiently channels the lion's share of its revenue through domestic sales. This strategy, combined with selective acquisitions and partnerships, has bolstered its competitive edge both at home and abroad, steadily increasing shareholder value and cementing its status as a beverage behemoth.

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Y92
FTSE Straits Times Singapore
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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
May 12, 2023
AI Summary
Q2 2023

Revenue Growth: ThaiBev’s total sales revenue rose 3.7% year-on-year to THB148,295 million, mainly from beer, non-alcoholic beverages, and food, despite a slight decline in spirits sales.

Profit Decline: Net profit fell 3.2% to THB17,781 million, impacted by lower profits in beer, NAB, and food, partially offset by improvements in spirits and associates.

Dividends: The Board proposed an interim dividend of THB0.55 per share, unchanged from last year.

Segment Divergence: Beer and NAB sales grew due to price hikes and higher demand, but profits were hit by cost inflation and increased marketing. Spirits profits were steady, while food profits fell sharply despite strong revenue growth.

Cost Inflation: Raw material and packaging costs surged, especially in beer, leading to higher COGS and pressure on margins.

Market Share Gains: Thai beer market share improved significantly, narrowing the gap with the top competitor, driven by stronger distribution and efficiency.

Positive Outlook: Management expressed confidence in maintaining share gains and managing costs despite ongoing cost pressures and mixed market recovery.

Key Financials
Revenue
THB148,295 million
Net Profit
THB17,781 million
Interim Dividend
THB0.55 per share
Spirits Sales Revenue
THB65,161 million
Spirits Net Profit
THB12,839 million
Beer Sales Revenue
THB64,434 million
Beer Net Profit
THB2,532 million
NAB Sales Revenue
THB9,439 million
NAB Net Profit
THB284 million
Food Sales Revenue
THB9,365 million
Food Net Profit
THB82 million
International Sales Revenue
THB39,262 million
Earnings Call Recording
Other Earnings Calls
2023
2019
2018

Management

Mr. Charoen Sirivadhanabhakdi
Executive Chairman
No Bio Available
Mr. Thapana Sirivadhanabhakdi
President, CEO, Chief of Center of Excellence & Director
No Bio Available
Mr. Prapakon Thongtheppairot
President & Group COO-International, EVP, Chief Spirit Product Group and CFO of Int. Business
No Bio Available
Mr. Banjong Chintanasiri
Deputy Chief Financial Officer of Accounting
No Bio Available
Mr. Kosit Suksingha
Pres. & Grp COO, Chief Dgt. & Tech., Beverages Product Grp-Thai and EVP
No Bio Available
Ms. Namfon Aungsutornrungsi
Head of Investor Relations Department
No Bio Available
Ms. Sitra Horsinchai
Legal Officer
No Bio Available
Ms. Suporn Denpaisarn
Vice President of Marketing & Non-Alcoholic Beverage Business Group
No Bio Available
Mr. Sopon Racharaksa
Sr. VP, Chief People Off., Chief Corp. Affairs Thailand, Chief Log. Bus. & Chief Food Bus. Thailand
No Bio Available
Ms. Kanoknart Rangsithienchai
2nd Executive Vice Chairman
No Bio Available

Contacts

Address
BANGKOK METROPOLIS
Bangkok
14 Vibhavadi Rangsit Road, Chomphon Sub-District, Chatuchak District
Contacts
+6627855555.0
www.thaibev.com