Q1 2026 Siam Cement PCL Earnings Call Transcript

Apr 28, 2026 / 03:00 AM GMT

Release Date Price: ฿191

Transcript

Key Points

Positve

Siam Cement PCL (SCVPY) reported a significant increase in adjusted cash EBITDA, reaching close to 50 billion baht, marking a 66% increase quarter-on-quarter.
The company successfully reduced net debt by almost 3 billion baht, with net debt to EBITDA declining to 5x, aligning with their financial targets.
Siam Cement PCL (SCVPY) demonstrated strong cash management, increasing cash on hand from 52 billion to 67 billion baht.
The chemicals business showed remarkable agility and adaptability, with its contribution to adjusted cash EBITDA increasing from 8% to 25%.
The cement and green solutions segment achieved a 45% increase in EBITDA quarter-on-quarter, driven by revenue expansion and cost-saving efforts.

Negative

The global economic environment remains volatile due to geopolitical tensions, impacting energy and supply chains, and contributing to higher inflation.
Siam Cement PCL (SCVPY) faced challenges in securing feedstock, particularly from the Hormuz region, leading to operational disruptions.
Sales revenue did not increase due to the shutdown of the Rayong Olefin plant in March, affecting overall revenue growth.
The chemicals segment reported a net loss of 3 billion baht when including LSP, highlighting the impact of feedstock shortages and market volatility.
The Thai building materials sector experienced a 3% year-on-year decline, reflecting softened market demand and economic uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SCC.BK - Siam Cement PCL
Q1 2026 Siam Cement PCL Earnings Call
Apr 29, 2026 / 03:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and warm welcomes to everyone here in the room and also online who are joining us this morning for the Analyst Conference for the first quarter of 2026. My name is Wachara, Head of Investor Relations, and I'll be your moderator today.

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