The information contained in our presentation is intended solely for your personal reference only. In addition, such information contains projections and forward-looking statements that reflect our current views with respect to future events and financial performance.
These views are based on assumptions subject to various risks and uncertainties. No assurance is given that future events will occur, that projections will be achieved, or that the assumptions are correct. Actual results may differ materially from those projected.
Slide 2
FY22 Analyst Meeting
2022 Key Highlights
Slide 3
FY22 Analyst Meeting
President and CEO
Thiraphong Chansiri
"2022 Global economy was confronting with forth several unforeseen challenges, however, Thai Union performance remained strong with newly recorded sales of THB 156bn. Our flagship PetCare
business "ITC" was listed on the SET as
the largest ever IPO under the food and beverage category. "
Slide 4
FY22 Analyst Meeting
THB mn
4Q22: Continue to grow over the high base last year, recorded quarterly high OP despite impact from USD depreciation
SalesGross ProfitOperating ProfitNet Profit
39,613
6,868
2,384
1,238
Maintained high sales,
Healthy GPM at 17.3%
Record high quarterly
NP dropped from
+2.9% YoY
operating profit for 4Q
high base last year
Quarterly sales remained strong at THB 40bn, driven by:
Strong sales momentum from PetCare +34.1% YoY mainly from strong demand.
Ambient +12.8% YoY, mainly from higher selling price and volume growth in key markets, especially the U.S.
Frozen dropped -13.1% YoY from U.S. market normalization and value- added dropped -2.5% YoY
PetCare grew significantly by 38.9% YoY, from higher selling prices and product mix
Ambient was +5.2% YoY from price adjustment
Frozen and valued added dropped YoY (-34.8% and -2.8%) from higher raw material prices
Operating profit increased 21% YoY, higher than sales growth
%SG&A to sales was at 11.3% in 4Q22, decreased from 13.1% in 4Q21, thanks to significant freight costs improvement of THB~320mn and lower marketing and advertising expenses, partially offset by personnel costs.
Net profit dropped by 36% YoY, mainly from:
Impacted by higher RL's share of loss, RL's preferred share fair value adjustment, and FX losses
Partially offset with strong operating profit from volume growth and category mix, and higher tax credit of THB 170mn in 4Q22 from US operations lower profitability.
YoY Chg.
+2.9%
-2.2%
+20.6%
-35.9%
QoQ Chg.
-2.8%
-7.2%
+2.1%
-51.1%
% of sales
17.3%
6.0%
3.1%
Slide 5
FY22 Analyst Meeting
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Thai Union Group pcl published this content on 21 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2023 10:49:00 UTC.
Thai Union Group Public Company Limited is a Thailand-based company. The principal activities of the Company and its Thai subsidiaries are the manufacture and sale of frozen, chilled and canned seafood. The Companyâs some Thai subsidiaries are also engaged in packaging, printing, pet food, food ingredients and food supplemental businesses. Its subsidiaries in the United States distribute pet food, lobster, and other seafood products and import shrimp and other frozen seafood products for sale to restaurant chains, retailers and wholesalers. Its subsidiaries in Europe manufacture and distribute ambient and chilled seafood products to countries in Europe, the United States and Australia under their trademarks. Its subsidiaries in Asia manufacture and distribute seafood in Vietnam and China. The Company has 17 branches in Bangkok and Samutsakorn. Its segments include ambient seafood, frozen and chilled seafood and related businesses, pet food, and value-added and other businesses.
THAI UNION GROUP 
