| KEY HIGHLIGHTS |
- Sales revenue experienced an increase of 2.4% year-on-year (“YoY”), with satisfactory improvement from the Beer and Non-alcoholic beverage (“NAB”) businesses.
|
- Beer and NAB businesses continued to show significant growth in EBITDA
|
| The Board of Directors (the “Board”) of Thai Beverage Public Company Limited (“ThaiBev”, and together with its subsidiaries, the “Group”) would like to provide an update on the Group’s business for the first quarter ended 31 December 2024 (“1Q25”). |
| BUSINESS SEGMENT |
| (Million Baht) |
| 1Q25 |
SPIRITS |
BEER |
NAB |
FOOD |
OTHERS |
ELIMINATE THAIBEV |
| Sales Revenue |
32,238 |
36,107 |
16,955 |
5,689 |
1,343 |
(67) |
92,265 |
| Changes YoY |
-4.8% |
8.0% |
7.2% |
2.2% |
-6.6% |
|
2.4% |
| EBITDA1 |
7,949 |
4,433 |
3,333 |
662 |
66 |
- |
16,443 |
| Changes YoY |
-12.0% |
16.6% |
15.6% |
-6.6% |
-55.1% |
|
-0.8% |
|
| 1Q24 (Restated)2 |
SPIRITS |
BEER |
NAB |
FOOD |
OTHERS |
ELIMINATE |
THAIBEV |
| Sales Revenue |
33,876 |
33,436 |
15,815 |
5,564 |
1,438 |
(64) |
90,065 |
| EBITDA1 |
9,035 |
3,801 |
2,884 |
709 |
147 |
- |
16,576 |
|
| SPIRITS – The Spirits business reported a sales revenue of Baht 32,238 million, a 4.8% decrease YoY, as total sales volume declined by 6.2% YoY. EBITDA decreased to Baht 7,949 million as a result of an increased in raw material costs and marketing spending for brand investment and support for new product launches. |
| BEER – The Beer business's sales revenue grew by 8.0% YoY to Baht 36,107 million, driven by a satisfactory 11.8% YoY increase in total sales volume across all key markets. The beer business achieved a remarkable 16.6% increase in EBITDA to Baht 4,433 million, driven by lower key raw material costs, as well as effective brand investments and marketing activities. |
| NON-ALCOHOLIC BEVERAGES (NAB) – The NAB business recorded a 7.2% YoY rise in sales revenue to Baht 16,955 million in 1Q25 on the back of a 7.5% increase in total sales volume across all categories in key markets. EBITDA saw an impressive increase of 15.6% to Baht 3,333 million, mainly due to improved production efficiency and a favorable cost environment. |
| FOOD – The Food business registered a 2.2% increase in sales revenue YoY to Baht 5,689 million in 1Q25, driven by the Group’s continued efforts to enhance brand visibility and accessibility through new store openings. However, EBITDA declined by 6.6% YoY to Baht 662 million due to higher raw material and labour costs. |
| OTHERS – In 1Q25, the Group’s Others business reported a decline in sales revenue (from the publishing and printing business) of 6.6% to Baht 1,343 million. This was primarily due to lower licensing income and title rights. Consequently, EBITDA fell to Baht 66 million. |
| UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 DECEMBER 2024 |
| The Board wishes to remind shareholders and investors that the above business update has been prepared based on the Group’s internal records and management accounts and has not been reviewed or audited by independent auditors. |
| Shareholders and investors are advised not to place undue reliance on the business update and to exercise caution when dealingwithn ThaiBev’s shares and other securities. |
| For the full document, click the link below: |
| Thai Beverage Public Company Limited |
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