Beverage(TBVPY) - 2021 Q2 - Earnings Call Presentation

Financial Performance Highlights - Thai Beverage generated sales revenue of Baht 131,252 million, a decrease of 4.3% year-on-year due to the impact of the new wave of COVID-19 cases in Thailand [15] - The company delivered earnings growth, with net profit rising 8.7% year-on-year to Baht 16,076 million [15] - Interim dividend per share was Baht 0.15, compared to Baht 0.10 in the previous period [21] Business Segment Performance - The spirits business remained resilient with net profit growth of 3.6% year-on-year [15] - The beer business delivered significant profit growth of 84.2% year-on-year due to cost-control measures [15] - Excluding non-recurring items, the non-alcoholic beverage (NAB) business recorded a significant increase in net profit from normal operation of 98.2% year-on-year due to prudent cost management [15] - The food business contributed 4.5% of the total revenue of ThaiBev Group for the six-month period [9] Key Events and Considerations - The potential spin-off and listing of BeerCo was deferred due to uncertain market conditions and the COVID-19 pandemic [8] - InterBev Investment Limited (IBIL) subscribed to additional shares of Frasers Property Limited (FPL) for approximately Baht 8,381.22 million, increasing ownership interest from 28.12% to 28.86% [11] - The company issued debentures with an aggregate principal amount of Baht 8,000 million to refinance short-term loans used for the subscription of Frasers Property Limited (FPL) Rights Issue [12] Financial Position - Total assets increased to Baht 446,286 million [119] - Total liabilities increased to Baht 262,927 million [119] - Total equity increased to Baht 183,359 million [119]