1Q/2024 Investor Factsheet

Thoresen Thai Agencies Public Company Limited, or TTA, is a strategic investment holding company that is listed on the Stock Exchange of Thailand, with an investment policy to achieve growth through a balanced portfolio that is diversified both locally and internationally. Included in its current business portfolio are Shipping, Offshore Service, Agrochemical, Food & Beverage, and Investment segments.

Food & Beverage

  • 186 Pizza Hut Outlets
  • 26 Taco Bell Outlets

Agrochemical

  • High Quality Fertilizer
  • Pesticide
  • Wearhouse

Thoresen Thai Agencies Public Company Limited

  • Port management
  • Water Management
    Investment • Transportation
    Warehouse and Logistics
  • Others

9%

6%

Shipping

26%

24 Vessels

Dry Bulk Shipping

11% Revenues

6,523

MB

SnapShot

Symbol

:

TTA:TB | TTA:BK

Market

:

SET, THSI

Industry/ Sector

:

Services/ Transportation

& Logistics

First Trade Date

:

25 Sep 1995

CG Score

:

Excellent (5 stars)

Thai CAC

:

Certified

Share Outstanding

:

1,822,464,564 Shares

(Par at Baht 1.00 per

share)

Share Price Performance

1800

15

1700

13

11

1600

9

1500

6.3

7

1400

5

3

1300

1367.95

1

1200

-1

Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23

Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24

SET

TTA

48%

Offshore Service

7 Performing Vessels

1Q/24

•

Subsea IRM

•

Cable Laying

•

Decommissioning and

Transportation &

Installation

Accreditation

The world's top 5 for Time

Charter Earning (TCE) performance 2018 - 2023

BBB+

THORESEN THAI AGENCIES PUBLIC COMPANY LIMITED

26/26-27 Orakarn Building, 8 th Floor, Soi Chidlom, Ploenchit Road, Kwaeng Lumpinee, Khet Pathumwan, Bangkok 10330 Thailand

Tel: +66 (0) 2250 0569, +66 (0) 2254-8437 | Fax: +66 (0) 2655 5631 Website : http://www.thoresen.com

Please contact IR for more information:

+66 (0) 2254 8437 Ext. 315, 207 and 127

Investors@thoresen.com

1

Page

Note: (1)

FINANCIAL HIGHLIGHTS

Revenues

EBITDA (2)

Statement of Financial Position

Unit : Million Baht

+37%YoY

EBITDA

Margin

48,983

42,973

48,983

19%

42,973

Other

-2%QoQ

18%

Cash under

Liabilities

12%

+112%YoY

Management(3)

Interest Bearing

+7%QoQ

Other Current

Debts

6,641

6,523

Assets

4,766

1,176

1,255

Tangible

592

Total Equity

Assets(4)

1Q/23

4Q/23

1Q/24

1Q/23

4Q/23

1Q/24

Other Non-

Gross Profit (1)

Net Profits/(Losses) to TTA

Current Assets

Dec 31, 2023 Mar 31, 2024

Dec 31, 2023

Mar 31, 2024

Gross Profits/(Losses)

GPM

Net Profits/(Losses) to TTA

NPM

Shareholding Structure

27%

26%

17%

As of 30 April 2024

23%

5%

+61%YoY

0%

+419%YoY

+2%QoQ

+43,857%QoQ

1,720

1,758

1,094

1,116

215

(3)

1Q/23

4Q/23

1Q/24

1Q/23

4Q/23

1Q/24

Including amortization of vessel drydocking but excluding depreciation and other amortization

  1. Earnings before interest, tax, depreciation, and amortization (excluding extraordinary items)
  2. Cash, cash equivalents, and other current financial assets
  3. Property, plant, equipment, and investment properties

OPERATIONAL HIGHLIGHTS

Debentures

Issued

M aturity

Issue

C o upo n

T erm

T R IS

S ym bo l

Size

D ate

D ate

(%)

(Yrs)

R ating

(M B )

TTA 252A

11-Nov-21

11-Feb-25

800.0

4.75

3.25

BBB+

TTA265A

11-Nov-21

11-May-26

1,200.0

5.10

4.50

BBB+

TTA260A

19-Jan-23

19-Oct-26

1,698.1

4.40

3.75

BBB+

TTA281A

19-Jan-23

19-Jan-28

2,074.4

4.90

5.00

BBB+

TTA278A

2-Feb-24

02-Aug-27

2,423.7

5.20

3.50

BBB+

TTA262A

2-Feb-24

02-Feb-26

1,076.3

4.60

2.00

BBB+

T o tal o utstandings

9,272 .5

Net Supramax TC rate VS Thoresen TCE Rate

(US$ per day)

Thoresen TCE Rate

Net Supramax TC Rate

14,719

15,932

13,718

13,914

12,143

13,441

12,312

9,662

10,225

9,527

1Q/23 2Q/23 3Q/23 4Q/23 1Q/24

THORESEN THAI AGENCIES PUBLIC COMPANY LIMITED 26/26-27 Orakarn Building, 8 th Floor, Soi Chidlom, Ploenchit Road,

Kwaeng Lumpinee, Khet Pathumwan, Bangkok 10330 Thailand Tel: +66 (0) 2250 0569, +66 (0) 2254-8437 | Fax: +66 (0) 2655 5631

Website : http://www.thoresen.com

Offshore Service Revenues Breakdown by Services (MB)

Total Fertilizer Sales Volume Breakdown (Ktons)

Please contact IR for more information:

2

+66 (0) 2254 8437 Ext. 315, 207 and 127

Page

Investors@thoresen.com

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Disclaimer

Thoresen Thai Agencies pcl published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 04:15:00 UTC.