PTT Group Financial and Strategic Insights
Oil Business: OR Group
QoQ: Better performance from both of Oil and Non-oil sales volume despite lower margin
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)
81.6 80.3
71.7
73.2
66.9
60.0
Amazon¹/
50.7
64% 2021 vs 2020
42.9
44.6
9% QoQ
30.6
76% YoY Avg. 2021 69.2
=
4Q20
74 MM Cups
3,310 Outlets
3Q21
68 MM Cups
3,512 Outlets
Avg. 2020 = 42.2
Avg. 4Q21 = 78.4
1Q20
2Q20 3Q20 4Q20
1Q21
2Q21 3Q21
Oct'21 Nov'21 Dec'21
C-Store (7-11, Jiffy) 2/
Margin*
10% QoQ
7% YoY
SHOP
19%
(THB/Litre)
1,977 Outlets
1.05
1.09
1.15
0.98
0.97
Sales Volume
(MM Liter)
Cups
28% QoQ
9%
2021
2020
I
274 MM Cups
298 MM Cups
3,310 Outlets
3,628 Outlets
I
18% YoY
4Q21
87 MM Cups
3,628 Outlets
C-Store |
2% QoQ!
5% YoY
5%
2,041 Outlets
2,075 Outlets
1,977 Outlets
2,075 Outlets
1/ Thailand, Japan, Oman, Myanmar, and Malaysia
2/ Thailand
5%
24,400
-2%
23,145
Net Income
-2%
24% QoQ
3% YoY
25%
24%
Unit: MMTHB
6%
7%
24% QoQ
19% YoY
I
2,923
1,892
2,354
6,282
6,476
I
-2%
Others -2%
5,217
24%
Gasoline 26%
3%
I
46%
47%
Fuel Oil
5%
23%
7%
I
4Q20
7%
Diesel
47%
48%
I
QoQ:
46%
I
7%
5%
Aviation
LPG
6%
5%
5%
14%
15%
14%
16%
14%
2021 vs 2020:
4Q20
3Q21
4Q21
2020
2021
*Gross margin included stock gain/(loss)
3Q21
4Q21
31%
11,474
8,791
I
2020
2021
Oil Rising sales volume due to easing lockdown measures despite lower margin
Non-Oil Higher sales volume from resumed normal operating hours of F&B outlets
and CVS
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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