Analyst Presentation 3Q19 Final€¦ · :mwmsr 1mwwmsr 'svi :epyiw ³2qh )dplo\«)xholqj wkh )xwxuh...
Transcript of Analyst Presentation 3Q19 Final€¦ · :mwmsr 1mwwmsr 'svi :epyiw ³2qh )dplo\«)xholqj wkh )xwxuh...
“One family… Fueling the future of Thailand”
3Q/2019 results
The information contained in this presentation is intended solely for your reference.
This presentation contains “forward-looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of historical fact contained in this presentation including, without limitation, those regarding SPRC’s future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where SPRC participates or is seeking to participate and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “will”, “may”, “project”, “estimate”, “anticipate”, “predict”, “seek”, “should” or similar words or expressions, are forward-looking statements.
The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond our control, which may cause the actual results, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which SPRC will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as of the date on which they are made. SPRC does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. The information set out herein is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company.
SPRC makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one if many possible scenarios and should not be viewed as the most likely or standard scenario. No assurance given that future events will occur or our assumptions are correct. Actual results may materially differ from those provided in the forward-looking statements and indications of past performance are not indications of future performance. In no event shall SPRC be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this material. SPRC makes no representation whatsoever about the opinion or statements of any analyst or other third party. SPRC does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or use of any such opinion or statement.
SPRC’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state of the United States, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of such act or such laws.
This presentation does not constitute an offer to sell or a solicitation of an offer to buy or sell SPRC’s securities in any jurisdiction.
DISCLAIMER
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Vision, Mission& Core Values
“One Family…
Fueling the Future of Thailand”“We are a highly engaged Family, dedicated to
providing sustained superior returns to our shareholders
through industry leading safe and reliable operations,
producing quality products that exceed customer expectations,
in harmony with our communities and the environment.”
Our Vision: Our Mission:
Core Values: Stars Leader / Outstanding / Role model
Professional Integrity / Professionalism / Performance driven
Reliable Accountable / Ready / Trustworthy
Caring Responsible citizen / Compassion / Sincere
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CONTENTS
01 Highlights
02 Market overview
03 Operational review
04 Financial performance
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01 Highlights
02 Market overview
03 Operational review
04 Financial performance
CONTENTS
Highlights
SPRC’s Winning formula
“At SPRC we believe that nothing is more important than
being safe and reliable.
We work together as one family to protect our employees,
the environment, the community, and to be our customers partner
of choice.
All of which creates maximum value for SPRC’s shareholders.”
Tim Potter, CEO
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3Q/2019 Highlights
97.1%
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Highlights
0
TOTAL DAYS AWAY FROM WORK RATE (‘DAFWR’)
100% 85.7%89.6%*
UTILIZATION OF EQUIVALENT DISTILLATION CAPACITY (UEDC)**
AVAILABILITYEX. TURNAROUND
$2.11/bbl $5.07/bbl
MARKET GRM
* Normalized UEDC excluding economically concern for the best profitability.** Lower UEDC to optimize economic returns and due to end of run plant conditions.
BOTTOM LINE IMPROVEMENT PROGRAM
OPEX PER BARRELExcluding T&I and Project OPEX
$1.94/bbl
Highlights
SPRC’s Formula for success
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SAFETY
(Injuries per 200,000 man-hours)
▪ Achieved over 6 years without Days Away From Work injury. The last DAFW was 24 Jun 2013.
▪ Achieved 22.1 million man-hours without Days Away From Work injury.
PERFORMANCE UPLIFT
FROM “BLIP”
US$/bbl
BLIP: Bottom Line Improvement Program
RELIABILITY OPTIMIZATIONOPTIMIZATION MARKET GRM
▪ Sustained high availability but lower EDC due to end of run plant conditions and optimization of economic return from higher cost of LSWR which reduced EDC by 3.9%.
▪ Target top quartile performance in availability and utilization among over 90 refineries in the Asia Pacific and India Ocean region.
▪ Captured BLIP benefit from good process and crude optimization.
▪ Maximized domestic placement for gasoline, diesel and jet.
▪ End of run conditions limited process optimization benefit.
▪ Market GRM rebounded mainly from a sharp spike in gasoline and distillate products.
▪ Crude premium relative to Dubai limited margin recovery.
OPERATIONAL AVAILABILITYEX. TURNAROUND
A strong foundation of personal safety … …exceptional reliability… …and maximizing GRM…driving optimization & cost efficiencies…
US$/bbl
TOTAL DAYS AWAY
FROM WORK RATE
0 0 0 0 0 0
2017 2018 9M19 1Q19 2Q19 3Q19
88.8%94.2%
87.2% 90.9%85.1% 85.7%
2017 2018 9M19 1Q19 2Q19 3Q19
EDC UTILIZATION RATE
96.4%99.1% 99.9% 99.9% 99.8% 100.0%
2017 2018 9M19 1Q19 2Q19 3Q19
2.592.93
2.28 2.34 2.392.11
2017 2018 9M19 1Q19 2Q19 3Q19
7.34
5.67
3.54
3.07 2.57
5.07 5.36
4.67
3.32
2.51 2.24
5.20
2017 2018 9M19 1Q19 2Q19 3Q19
SG GRM
No one gets hurt
2019 Event Project($256M)
Turnaround & Inspection (T&I) Increase Capacity to 175 KBD Reliability Projects
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• Schedule has been optimized through a multi-party approach with consultants and primary maintenance and construction contractor.
• Shut down is scheduled for a period of 45 days (+/- 5 days), started 1 November 2019.
• Operational planning in progress to capture benefits from reliability and capacity upgrades.
• Lower future structure OPEX per barrel.
• Looking for margin improvement opportunities post Event project.
• Schedule has been optimized through a multi-party approach with consultants and primary maintenance and construction contractor.
• Shut down is scheduled for a period of 45 days (+/- 5 days), started 1 November 2019.
• Operational planning in progress to capture benefits from reliability and capacity upgrades.
• Lower future structure OPEX per barrel.
• Looking for margin improvement opportunities post Event project.
Current Status of Event 2019Current Status of Event 2019
Highlights
2019 Event Project
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01 Highlights
02 Market overview
03 Operational review
04 Financial performance
CONTENTS
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Market overview
Source: IEA, IHS
Million barrels/day
▪ Global oil demand growth in 2020 will decrease to 1.3 mb/d. Demand in the Middle East and parts of Asia was revised slightly decrease.
▪ Global refining capacity increase in 2019-2020 is 0.8-1.9 mb/d and Asia refinery capacity increase 0.5-1.7 mb/d.
ASIA (include Middle East)
NORTH AMERICA
EUROPE
LATIN AMERICA
AFRICA
INCREMENTAL OIL DEMAND
FSU
2018 2019e 2020e
0.41 0.21 0.27
-1.00
-0.80
-0.60
-0.40
-0.20
0.00
0.20
0.40
0.60
0.80
1.00
-0.11
0.01 0.07
-1.00
-0.80
-0.60
-0.40
-0.20
0.00
0.20
0.40
0.60
0.80
1.00
0.16 0.12 0.08
-0.06 -0.05
0.03
-0.01
0.07 0.07
0.80 0.80 0.78
-1.00
-0.80
-0.60
-0.40
-0.20
0.00
0.20
0.40
0.60
0.80
1.00
Source: Wood Mackenzie and IHS
▪ Typical SPRC GRM is in range of US$5-7/bbl.
SINGAPORE GRM
US$/bbl
SingaporeGRM
2018 2019 2020
0
1
2
3
4
5
6
7
8
9
10
2010201220142016 Q1 Q3 Q1 Q3 Q1 Q3
OIL MARKET OUTLOOK
High product inventory globally
Strong gasoline demand & low
crude oil premium
SPRC GRM
Total Weekly Light Distillate Stocks, mmb
Total Weekly Middle Distillate Stocks, mmb
Total Weekly Fuel Oil Stocks, mmb
GLOBAL PRODUCT INVENTORIES
▪ Current global inventory are lower mainly from U.S due to lower refinery runs resulting to lower gasoline and middle distillates. Fuel oil also decrease but are higher y-o-y as IMO 2020 nears and lower HSFO demand. The build could be primarily VLSFO.
▪ Lower product stock support refinery margin and expect to continue into Q4 and 1H of 2020.
Source: FGE
Overview of oil demand growth, inventories and GRM
Market overview
Overview of product cracks
DUBAI PRICE
US$/bbl US$/bbl
GASOLINE CRACK
US$/bbl
JET FUEL CRACKDIESEL CRACK
US$/bbl
US$/bbl
FUEL OIL CRACK
DUBAI+ Crude oil prices rose as OPEC supply cuts and ME tensions outweighed the U.S.-China trade dispute.+ Middle East crude benchmarks Oman and Dubai jumped, tracking gains in global oil futures, as attack on top oil exporter Saudi Arabia's oil facilities threatens global oil supplies.- U.S. crude oil production will rise to an all-time high of 12.36 million barrels per day in 2019 from a record 10.96 million bpd last year.GASOLINE+ Gasoline cracks saw significant recovery on reduced domestic supply and a knock-on effect from the fire and subsequent shutdown of the 300KBD PES refinery in North America.+ Indian exports to Singapore have trickled down this month, indicating that significant enough refining capacity in the country has been taken offline for upgrading and/or turnaround
works for the country’s upcoming tighter retail fuel-spec change in January.JET+ The jet/kero market strengthened significantly in July, supported by the summer travel season and strong arbitrage pulls to the West.- Market was pressured on an increase in supply as Japanese and Korean refiners ramp up production of kerosene in order to stockpile sufficient inventories ahead of winter.DIESEL+ Gasoil cracks rose as the market tightened on reduced regional supply and low inventory levels.+ Gasoil cracks continued to rise, supported by a combination of strong fundamentals and stockpiling ahead of IMO 2020. FUEL OIL+ A shortage of supplies have boosted fuel oil premiums in Asia to record highs recently in one of the first signs of the impact of a shift in global ship fuel rules set to occur in 2020.+ Regional fuel oil cracks soared as supply remained tight as high Middle Eastern summer demand curbed arbitrage flows to Asia.- Market sentiment for HSFO remains weak as purchasing interest by Singaporean bunker suppliers and traders have declined substantially.
KEY HIGHLIGHTKEY HIGHLIGHT
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63 6761
1Q19 2Q19 3Q19
4
812
1Q19 2Q19 3Q19
13 1215
1Q19 2Q19 3Q19
13 1216
1Q19 2Q19 3Q19
1
-2
1
1Q19 2Q19 3Q19
Market overview
99 87
DEMAND GROWTH2018 (8 mths) – 2019 (8 mths)
EXPECTED GROWTH 2020 COMMENTS
Auto LPG demand continue to decline due to price differential.
FUEL OIL
AUTO LPG
DIESEL
JET
GASOLINE
411 427
123 123
195 202+3.9%
38 36
+4.0%
-4.3%
20192018
-12.0%
Healthy demand growth keeps track with GDP growth.
Seasonal import Diesel.
Domestic Fuel oil consumption remains relatively constant.
KBD
Source: EPPO
KBD
KBD
KBD
K. ton/month
0.0%
Continued strong demand for gasoline.
Import GB95 continue to increase YoY.
Continued long-term growth due to tourism growth and higher demand from airlines.
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Strong petroleum demand in Thailand
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01 Highlights
02 Market overview
03 Operational review
04 Financial performance
CONTENTS
CRUDE INTAKECRUDE INTAKE
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Operational review
• 18 and 25 types of crude processed in 3Q19 and 9M19.
• Less favorable economic to Far East drove to lower Far East processing.
*Industry Average of 8M19 during January-August 2019Source: Company data, EPPO
3%
23%16% 21% 23% 21%
12%12% 12% 9% 11%
12%
70% 67% 68% 68%53%
3Q18 2Q19 3Q19 9M19 Industry average8M19*
Middle East
Far East
Domestic
Others
Crude
Operational review
Products
SPRC Competitive Export Industry Average*
Sustained industry average of domestic placement in almost all products.
Export sales including Indochina sales at 3% in 3Q19.
PRODUCT YIELD PRODUCT YIELD DOMESTIC SALESDOMESTIC SALES
Higher crack spreads over Dubai drove to increase Gasoline, Diesel and Jet production.
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*Country Demand of 3Q19 during July-August 2019Source: Company data, EPPO
*Industry Average of 3Q19 during July-August 2019Source: Company data, EPPO
84%78%
86% 85% 89% 88%
2%5% 3%
3Q18 2Q19 3Q19
15% 10% 6%
3%3%
3%
1%2%
1%
10%9%
8%
4%
32%35%
37%
42%
7% 7% 8%
12%
23% 23% 26%
21%
3% 4% 4%4% 4% 5%
22%
2% 2% 3%
3Q18 2Q19 3Q19 Countrydemand3Q19*
PGP
LPG
Light Naphtha
Gasoline
Jet
Diesel
Fuel Oil
Asphalt
Mix C4
Others
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01 Highlights
02 Market overview
03 Operational review
04 Financial performance
CONTENTS
Financial performance
OPEX PER BARRELOPEX PER BARREL
Efficient in OPEX management. Target NECC* at the breakpoint of quartile 1 and 2 against Asia Pacific.
OPEX per barrel of 3Q19 increased due to lower crude intake and Turnaround preparation and project OPEX cost.
* Non Energy Cash Cost: Operating expenses exclude energy cost
US$/bbl
GROSS REFINERY MARGINGROSS REFINERY MARGIN
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Accounting GRM:
QoQ: Increased primary from a stronger GRM due to healthier demand, but partially offset with a net stock loss of US$1.96/bbl.
YoY: Decreased from low crack spread and stock loss in 3Q19.
Market GRM:
Significantly improved from stronger demand and better crack spread mainly in gasoline and distillate products.
US$/bbl
5.05
2.57
5.07
6.34
2.29
3.11
3Q18 2Q19 3Q19
Market GRM Accounting GRM
1.85 1.81 1.94
0.30
2.08
3.04
3Q18 2Q19 3Q19
T&I and Project OPEX Normal OPEX
2.15
3.89
4.98
Margin and OPEX
NET INCOMENET INCOMEUS$/bbl
EBITDAEBITDA
US$ M US$ M
EBITDA and profitability :
3Q19 EBITDA and Net income significantly decreased mainly from high increase T&I and Project OPEX and stock loss of US$26.1M (Including of stock loss of US$32.9M and net reversal of LCM adjustment of US$6.8M).
FX gain for 3Q19 decreased to US$7.4M from US$16.3M in 2Q19 due to lower appreciation of the Baht relative to the U.S. dollar.
EBITDA and profitability :
3Q19 EBITDA and Net income significantly decreased mainly from high increase T&I and Project OPEX and stock loss of US$26.1M (Including of stock loss of US$32.9M and net reversal of LCM adjustment of US$6.8M).
FX gain for 3Q19 decreased to US$7.4M from US$16.3M in 2Q19 due to lower appreciation of the Baht relative to the U.S. dollar.
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Financial performance
71.4 (5.6) (17.3)
304.9
62.8
3Q18 2Q19 3Q19 9M18 9M19
37.9 (18.9) (29.9)
191.4
4.1
3Q18 2Q19 3Q19 9M18 9M19
EBITDA and profitability
2.3
5.3
(41.5) 34.8
(0.3)
0.6
CASH FLOW CASH FLOW
CFO: Cash generated from profit before tax of US$0.3M, working capital of US$14.6M due to temporary low inventories volume and low account receivables
which partially offset with trade and other payables, D&A and Non cash items of US$(3.3)M and Tax & Interest paid of US$(6.3)M.
CFI: Primarily on projects spending to increase refinery reliability and efficiency.
CFF: Proceed from short term loan of US$51.8M and dividend payment of US$17.0 for 1H19 net profit.
CFO: Cash generated from profit before tax of US$0.3M, working capital of US$14.6M due to temporary low inventories volume and low account receivables
which partially offset with trade and other payables, D&A and Non cash items of US$(3.3)M and Tax & Interest paid of US$(6.3)M.
CFI: Primarily on projects spending to increase refinery reliability and efficiency.
CFF: Proceed from short term loan of US$51.8M and dividend payment of US$17.0 for 1H19 net profit.
US$ M
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Financial performance
December-2018
CFO CFFCFI FX Adjustment
September-2019
Short term Loan
51.8
Dividend
(17.0)
Cash Flow
9.1
12.4
17.1
9.610.1
• SPRC’s dividend policy is to pay out at least 50% of net profits semi-annually.• 1H19 Dividend payout at 50% of net profit
* Dividend yield based on closing stock price as of the performance period of dividend declaration
DIVIDEND POLICYDIVIDEND POLICY
DIVIDEND PAYMENTDIVIDEND PAYMENT
(Avg. 4.2%-4.8%)
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Financial performance
0.2638
1.1824 1.1427
0.5928
0.1202
3.0%
10.8%
7.1%
4.6%
1.2%
-
0.2000
0.4000
0.6000
0.8000
1.0000
1.2000
1.4000
1.6000
2H15 2016 2017 2018 1H19
Dividend per share
Dividend Yield*
SETHD
Closing stock price as of the performance period
Dividend Policy and Yield
Looking ahead
No one gets hurt
Operational excellence
Bottom Line Improvement Program
Low gearing allows opportunities for growth
T&I Event and Capacity Expansion in 4Q19*
22*The combined costs for the Capacity Increase Project, planned maintenance, and upgrades in 2019 are approximately $256M.
Appendices
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ASSET BREAKDOWNASSET BREAKDOWN LIABILITIES & EQUITYLIABILITIES & EQUITY
US$ M US$ M
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Financial position
1,6531,687 1,6531,687
27 45
880 857
393 411
385 339
2 1
Dec-18 Sep-19
Cash and cashequivalents
Account receivables
Inventories
PP&E
Other current & noncurrent assets
1,182 1,169
24 16
482 468
Dec-18 Sep-19
Current liabilities
Non current liabilities
Total Equity
Unit: US$ M 3Q18 2Q19 3Q19YoY QoQ
% +/- % +/-
Revenues 1,570.8 1,553.0 1,434.6 -9% -8%
OPEX (28.3) (53.6) (66.3) -134% -24%
EBITDA 71.4 (5.6) (17.3) -124% -211%
Depreciation & Amortization (21.0) (20.4) (20.3) 3% 0%
Profit for the period 37.9 (18.9) (29.9) -179% -58%
EPS (THB per share) 0.29 (0.14) (0.21) -174% -54%
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9M18 9M199M
% +/-
4,781.0 4,479.4 -6%
(85.7) (160.7) -87%
304.9 62.8 -79%
(63.2) (61.7) 2%
191.4 4.1 -98%
1.42 0.04 -97%
Income statement
SALES BY VOLUMESALES BY VOLUME
US$/bbl
53%
34%
13%
SALES BY REVENUESALES BY REVENUE
Chevron and PTT account for 90% of total sale in 3Q19 by revenue.
Others are products sold as Petrochemical feedstock and intermediate product exchange.
Chevron and PTT account for 90% of total sale in 3Q19 by revenue.
Others are products sold as Petrochemical feedstock and intermediate product exchange.
57%
33%
10%
Others
3Q18
Others
3Q19
48%
36%
16%
Others
3Q18
Others
53%31%
16%
Others
3Q19
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Sales by customers
Low gearing means we are financially resilient and able to gear up to seize growth opportunities
STRONG BALANCE SHEET
One of world’s leading oil and gas groups with over a century of experience worldwide. The Chevron connection brings bargaining power, crude supply, offtake agreements and access to proprietary technology and systems
CHEVRON RELATIONSHIP STRATEGIC LOCATION
Location in Map Ta Phutensures low logistics costs
with access to dedicated deep water jetty and an
SPM for VLCCs. Puts us close to several important
customers.
TECHNICAL CONFIGURATION
Our refinery configuration enables us to buy cheaper crudes and turn
them into higher value products, including a higher gasoline yield
than our competitors.
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The SPRC competitive advantage
CUSTOMERS(1)DISTRIBUTION(1)REFINERYCRUDE SUPPLY
(1) Based on 3Q19 data
REFINERYCapacity: 165 KBDSingle point mooring system
265,000 DWTPower Generation
Facilities41 MW
VLCCUp to 265,000 DWT
PANAMAXUp to 80,000 DWT Marine terminal
CRUDECapacity:
4.9 M barrels
PRODUCTCapacity:
4.0 M barrels
PIPELINE
▪ Supply to north, north east of Thailand and Indochina export market
VESSEL
▪ Dispatch to both domestic and export markets at Main Pier
▪ LPG Pier
DOMESTIC
EXPORT
Middle East68%
Far East9%
Domestic23%
SOURCES OF CRUDEFOR 3Q19
89%
11%
▪ Pipeline connects Map Ta Phut, Sriracha & Bangkok
▪ Connections to petrochemical customers
TRUCK
39%
9%
52%
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Business overview
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A brief history
CRUDE OIL
NATURAL GAS
REFINERY
POWER AND STEAM
PRODUCTS
SPMS
MARINE TERMINAL
1
2
33
44
5 LPG
JET
GASOLINE
DIESEL
FUEL OIL
ASPHALT
HVGO
PROPYLENE
OTHERS
7
6
8
FEEDSTOCK TECHNICAL & OPERATING OFFTAKE
SP
RC
BU
SIN
ES
SK
EY
AG
RE
EM
EN
TS New Feedstock Supply
Agreement(1)Single Point Mooring System Operating Agreement
Natural Gas Sales Contract for Cogeneration and Natural Gas Sales Contract for Petroleum Product Manufacturing Process
11
22
33
Marine Services Transportation Agreement
Technical Services Agreement and License Agreement
44
55
Amended Offtake Agreement(1)
Propylene Sale Agreement
Intermediate Products Exchange Agreement
66
77
88
COUNTERPARTIESCOUNTERPARTIESCOUNTERPARTIES
(1) Effective upon the first day of trading of SPRC’s shares on the SET
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Key contractual arrangements
SPRC Crude Capacity165 KBD
Naphtha Hydrotreating Unit (NHTU) 19 KBD
Crude Distillation Unit (CDU) 165 KBD
Vacuum Distillation Unit (VDU) 63 KBD
Continuous CatalyticRegeneration Reformer
(CCR) 17 KBD
Residue Fluidized Catalytic Cracking Unit
(RFCCU) 41 KBD
Heavy Vacuum Gas Oil Hydrotreating Unit (HVGO
HTU) 35 KBD
Whole Cat Naphtha Hydrotreating
(WCN) 23 KBD
Jet Merox Unit (JMU) 20 KBD
Diesel Hydrotreating Unit (DHTU) 66 KBD
Benzene Saturation Unit (BSU) 15 KBD
LPG
Chemical Naphtha
Mogas
PGP
Jet
Diesel
Fuel Oil
Asphalt
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Refinery complexity
Energy Management
• Energy roadmap with monthly and yearly targets
• Energy AOS every 2 years
• US$0.02-0.11 /bbl
Margin Improvement
People Efficiency and Waste Management
Oil Loss Control
• Lean sigma
• Cost leadership
• US$1-6 MM/year
• Data reconciliation
• US$0.02-0.05 /bbl
• Yearly Innovation Quest (IQ) and Asset Optimization Studies (AOS)
• Monthly core team meeting
• Rigorous benefit tracking
BLIP
US$/bbl
Despite a challenging margin environment, SPRC continues to drive incremental margin improvement through BLIP
Crude benefit over Benchmark crudes
US$0.55-0.80/bbl
Product yield and placement optimization
US$0.20-0.90/bbl
Process plant optimization US$0.60-0.80/bbl
Cracker feed synergy US$0.10-0.40/bbl
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2.592.93
2.28 2.34 2.392.11
2017 2018 9M19 1Q19 2Q19 3Q19
BLIP (Bottom Line Improvement Program)
Thank You
Any queries, please contact SPRC Investor Relations
at email: [email protected]
Tel: +6638 699 887
Website: http://investor.sprc.co.th
Please send us your feedback via QR code below:
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