Business Overview
SCG operates 3 core businesses consists of Cement-Building Materials business, Chemicals business (SCGC) and Packaging business (SCGP).
Financial Statement
| 2023 | 2022 | 2021 | 2020 |
|---|
Income Statement (MB)
| Revenues | 528,531.42 | 582,292.21 | 540,705.96 | 407,217.16 |
| Expenses | 494,497.98 | 563,097.34 | 487,855.32 | 366,481.91 |
| Net Profit (Loss) | 25,914.98 | 21,382.35 | 47,173.99 | 34,143.87 |
Balance Sheet (MB)
| Assets | 893,600.63 | 906,489.79 | 861,101.03 | 749,380.88 |
| Liabilities | 452,003.99 | 454,065.36 | 411,092.68 | 353,254.84 |
| Shareholders' Equity | 363,961.76 | 374,254.96 | 365,690.73 | 320,972.18 |
Cash Flow (MB)
| Operating | 44,008.44 | 29,718.93 | 38,800.20 | 70,415.16 |
| Investing | -10,631.16 | -32,946.93 | -65,398.86 | -71,184.99 |
| Financing | -46,586.01 | 24,399.46 | -3,238.20 | 37,470.95 |
Financial Ratio
| EPS (Baht) | 21.60 | 17.82 | 39.31 | 28.45 |
| GP Margin (%) | 14.70 | 13.74 | 20.58 | 22.50 |
| NP Margin (%) | 4.56 | 3.04 | 10.12 | 9.16 |
| D/E Ratio (x) | 1.02 | 1.00 | 0.91 | 0.89 |
| ROE (%) | 7.02 | 5.78 | 13.74 | 11.36 |
| ROA (%) | 4.72 | 3.38 | 8.74 | 7.25 |
Business Plan
SCG Passion for Inclusive Green Growth towards the ways to create Net Zero society including:
- Agile Organization to foster agility and growth through structure transformation in order to response promptly to the ever-changing customer needs. Such alteration aimed to propel new businesses with high growth potential and expanded the capabilities of each business.
- Green Innovations which targeted to achieve 67% of sales from SCG Green Choice by 2030 (54% in 2023) in order to accelerate the development of green innovations. Further, SCG also penetrated into bio plastic and EV related industry as well as establishing a global research collaboration network for sustainability.
- Organization of Possibilities to provide employees opportunity to excel through SCG’s startup program.
- Inclusive Society to invite everyone in the supply chain to transition together towards a low-carbon society
Sustainable Development Plan
SCG has engaged SD principles in operations by pushing forward the ESG 4 Plus targets including:
- Net Zero by 2050
- Go Green, mainly develop environmentally friendly products
- Reduce inequality
- Enhance collaboration
Plus Trust through Transparency
For more information: https://www.scgsustainability.com/
Business Highlight
- SCG Decor (SCGD) Stocks initially trades on Thailand Stock Exchange on 20 December 2023 in Construction Material sector using "SCGD" for trading sign.
- SCG Chemicals Public Company Limited or (“SCGC”) has entered into a joint-venture agreement with Denka Company Limited in Japan to establish a company to produce and sell of acetylene black (“Acetylene Black”) in 11,000 Ton/Year.
Performance and Analysis
Business Performance Summary
SCG reported FY2023 Revenue from sales registered at 499,646 MB, declining -12% YoY mainly from decrease of Chemicals product prices and the deconsolidation of SCG Logistics.
EBITDA was at 54,143 MB, dropped -13% YoY
Profit for the year registered at 25,915 MB, increasing +21% YoY, as it includes the gains from the fair value adjustments in H1/23 totaling 14,822 MB. Profit excluding extra items in 2023 would have been 13,307 MB, declining 40% YoY.
Key Milestones
Key development in FY2023
- Cement-Building Materials has increased its proportion of Low Carbon Cement production to 81% in Q4/23 and has been certified with an Environmental Product Declaration (EPD), enabling it to export first shipment of 35,000 tons to the USA.
- SCGC achieved 218,000 tons of Green Polymer sales throughout the year, a 56% increase compared to 2022. SCGC has collaborated with Denka, Japan to establish an Acetylene Black production facility, a crucial raw material for electric vehicle battery. Moreover, the establishment of LSP in Vietnam is successfully completed and de-risk.
- SCGP built strong growth with Merger and Partnership, acquiring shares in Law Print & Packaging Management Limited, a full-service packaging provider in the UK, Bicappa Lab S.r.L., an Italy company specialist in Pipette tips production for medical and laboratory use, and Starprint Vietnam JSC, a manufacturer of offset folding cartons in Vietnam.
Risk Management Policy
Enterprise Risk Management Framework as following.
- Strategy Establishment with explicit objectives and risk appetite in managing risks to ensure consistent risk management practice across the organization.
- SCG Risk Management Structure and Responsibilities through every levels in the company’s organizational structure.
- Risk Management Policy through implemented risk management framework to identify risks or business opportunities in an appropriate and timely manner.
- Risk Management Process comprising risks or opportunities identification, risk assessment, risk response, and risk reporting.
- Building a Corporate Risk Culture
Recent Awards and Recognitions
- Listed in Dow Jones Sustainability Indices (DJSI) as a global sustainable company in the category of DJSI World and DJSI Emerging Markets, assessed within the top 1% with the highest scores in the construction materials industry group.
- Listed in “SET ESG Rating 2023” rated AAA for the 9th consecutive year in 2023.
- Received 6 awards in the Thailand Corporate Excellence Awards 2023, recognizing its outstanding performance in ESG.
- SCG has won 4 awards at the SET Awards 2023 for Sustainable Organization and Business Excellence.
Revenue Structure
Stock Information
SET / PROPCON / CONMAT
| as of 28/12/23 | SCC | CONMAT | SET |
|---|---|---|---|
| P/E (X) | 13.50 | 14.47 | 18.42 |
| P/BV (X) | 0.96 | 1.03 | 1.36 |
| Dividend yield (%) | 2.61 | 3.47 | 3.32 |
| 28/12/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 367,200.00 | 410,400.00 | 463,200.00 |
| Price (B/Share) | 306.00 | 342.00 | 386.00 |
| P/E (X) | 13.50 | 13.90 | 9.87 |
| P/BV (X) | 0.96 | 1.04 | 1.29 |
CG Report:
Company Rating:
Major Shareholders
as of 10/11/2023
Company Information and Contact
http://www.scg.com
invest@scg.com
0-2586-4299
1 SIAM CEMENT ROAD, BANG SUE Bangkok 10800
Other Trading Info. :
https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=SCC
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