Powering life with Future Energy and Beyond
Oil Business : OR Group
QoQ: Better performance from Oil as rising sales volume and oil margin, Non-oil is also better due to an efficient cost management
2021 vs 2020 : Improved Oil performance from wider oil margin despite reduced oil sales volume and soften Non-oil performance
Oil Business
Non-oil Business
ptt
Dubai ($/BBL)
110.9
92.3
83.5
78.4
66.9
71.7
60.0
22% QoQ
59% YoY
Amazon¹/
1Q21
4Q21
42.2
||-----
64% 2021 vs 2020
Avg. 2021
Avg. 1Q22 95.6
=
= 69.2
73 MM Cups
3,357 Outlets
87 MM Cups
3,628 Outlets
83 MM Cups
3,685 Outlets
F
+
Cups
5% QoQ
14% YoY
1Q22
I
9%
I
I
2020
2021
274 MM Cups
298 MM Cups
3,310 Outlets
3,628 Outlets
I
C-Store
2020
1Q21
2Q21
3Q21
4Q21
Jan'22
Feb'22
Mar'22
I
I
C-Store (7-11, Jiffy) 2/
૨૦૨
4% YOY
5%
Margin*
(THB/Litre)
16% QoQ
13% YoY
19%
SHOP
1,995 Outlets
1.31
I
2,075 Outlets
2,081 Outlets
1,977 Outlets
2,075 Outlets
1.14
1.15
0.98
0.97
1/ Thailand, Japan, Oman, Myanmar, and Malaysia
2/ Thailand
5%
4% QoQ
24,400
14% YoY
-2%
23,145
-2%
Net Income
25%
24%
Unit: MMTHB
Sales Volume
6%
(MM Liter)
7%
63% QoQ
4% YoY I
I
31%
I
11,474
8,791
6,476
6,724
5,910
-2%
-2%
Others
2%
21%
24%
46%
Gasoline 25%
8%
47%
7%
Fuel Oil
6%
4,003
3,845
2,354
4Q21
1Q22
Diesel
48%
48%
QoQ:
47%
7%
5%
2021
1Q21
Oil Rising sales volume due to easing lockdown measure, together with wider oil
margin
2020
Aviation 5%
LPG
5%
7%
14%
15%
15%
14%
14%
Non-Oil More efficient cost management despite lower sales volume
2021 vs 2020:
1Q21
4Q21
1Q22
2020
2021
*Gross margin included stock gain/(loss)
Oil - Better margin while sales volume dropped from aviation, gasoline, and diesel
Non-Oil - Soften performance from higher promotion expenses despite continued
outlet expansion
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