siam city cement plc. q3 2019 performance · eps dps payout ratio payout policy dividend policy:...

1Siam City Cement Public Company Limited ©SCCC | All Rights Reserved.

Siam City Cement PLC.

Q3 2019 Performance

19 November 2019

Disclaimer: Siam City Cement PCL accepts no liability whatsoever with respect to the use of this document or its contents.


Agenda

Financial Highlights

Market and Business Outlook

Challenges and Opportunities

Key Business Priorities


Net Revenue: YTD growth mainly driven by domestic cement

volume +5%, price +3%

22/04/2020

10,904

11,115

11,727

11,018

11,879 11,901 11,953

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19

THB million

33,746

35,733

9M/18 9M/19

+ 5.9% YoY

+ 1.9% YoY

+ 0.4% QoQ

Q3/19 though cement demand impacted by flooding situation in Thailand,

growth YoY and QoQ driven by increasing international trading business

4Siam City Cement Public Company Limited ©SCCC | All Rights Reserved. 22/04/2020

2,004 2,413 2,270

1,790 2,115

1,680

2,369

122

99 65

44

198

168

70 2,126

2,512 2,335

1,834

2,313

1,848

2,439

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19

Operating EBITDA Equity Profit

THB million

6,687

6,164

286

436

6,973

6,600

9M/18 9M/19

- 5.3% YoY

+ 4.5% YoY

+ 32.0% QoQ

19.5%

22.6%

19.9%

16.6%

19.5%

15.5%

20.4%

EBITDA margin

20.7%18.5%

EBITDA: YTD EBITDA margin impacted by (one-time) legal severance

provision and timing of kilns shutdown in key markets in Q2

Q1/19 – One kiln shut down in LK

Q2/19 – TH two kilns shut down and legal severance provision, VN kiln shut down

Q3/19 – CB kiln shut down

Note : TH – Thailand

LK – Sri Lanka

VN – Vietnam

BD – Bangladesh

CB – Cambodia


2,742 2,678

329 376

3,071 3,053

8.1% 7.5%

-100%

-80%

-60%

-40%

-20%

0%

-

1,000

2,000

3,000

4,000

9M/18 9M/19

Net Profit - Reported Non-recurring items Net Profit Margin % Reported

Net Profit: Excluding one-time items, net profit was at the same level

of prior year

THB million

833

1,021887

281

1,105

637

936

216

51

63

83

26

313

37

7.6%9.2%

7.6%

2.5%

9.3%5.4%

7.8%

-70.0%

-60.0%

-50.0%

-40.0%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

-100

100

300

500

700

900

1100

1300

1500

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19

1,131

950972

1,049 1,072

22/04/2020

950

364

One-time legal severance provision amounting 249MB booked in Q2/19

+ 5.5% YoY

+ 46.9% QoQ

- 2.3% YoY


Segmented Revenue: Higher trading segmented revenue driven

by growing of international trading volume of cementitious materials

across the region

22/04/2020

Cement62%

Concrete & AGG14%

Trading17%

Others7%

9M/18: Rev 33,746 MB, GP 35%

Cement59%

Concrete & AGG14%

Trading20%

Others7%

9M/19: Rev 35,733 MB, GP 32%

9,435

1,118 1,161840

8,697

1,315 1,258 708

Cement Concrete & AGG Trading Others

9M/18

9M/1933.4% 31.0%% GP

18.0% 19.6% 27.6% 21.4%13.3%GP*

(MB)

15.1%

Segmented gross profit (before intersegment elimination)


Revenue by countries: TH outperformed and contributed to the

topline growth, led by cement, RMX concrete and trading businesses

9M/18

9M/19

THB million

Group SCCC 9M

Thailand

Oversea

33,746 35,733

+ 13.3% yoy

- 8.1% yoy

+ 5.9% yoy

65:35(%)TH:Oversea

10,763

24,970

11,712

22,034

Chip Mong INSEE Cement*

4,106

Siam City Cement Vietnam

- 10.1% yoy5,5546,175

%Portion 18% 16%

Siam City Cement Lanka

- 7.3% yoy4,2304,563

%Portion 14% 12%

Siam City Cement Bangladesh

+ 0.5% yoy980

%Portion 3% 3%

975

Siam City Cement & TH subsidiaries

+ 13.3% yoy

*Not consolidated with shareholding of 40%

70:30

24,97022,034

%Portion 65% 70%

3,186 + 28.9% yoy

975


EBITDA by countries: Cost and price pressures in key overseas

markets outweighed domestic performance led to lower EBITDA

71 13

Siam City Cement Bangladesh

- 82.0% yoy

4791,076

Chip Mong INSEE Cement*

%Portion 1.0% 0.2%

Siam City Cement Lanka

0.1% yoy436 436

%Portion 6% 7%

Siam City Cement & TH subsidiaries

%Portion 69% 80%

+ 9.0% yoy5,245

9M/18

9M/19

THB millionSiam City Cement Vietnam

- 45.3% yoy1,656906

%Portion 24% 14%

Group SCCC 9M/19

Thailand

Oversea

6,973 6,600

+ 9.0% yoy

-37.3% yoy

-5.4% yoy

20.7% 18.5%%EBITDA

310 454

7,283 7,054

One-time Charge

Recurring EBITDA

1,355

5,245

2,163

4,810

69:31 79:21%TH:Oversea

+ 124.4% yoy

*Not consolidated with shareholding of 40%

4,810


Financial gearing: Gradually reduce financial debts

22/04/2020

9M/19 Balance Sheet

THB million

Leverage Ratio

Assets74,387

Cash and Cash

Equivalents

3,220

Total Asset

Other Liabilities

14,167

Total Financial

Debt*

30,419

Total Shareholders'Equity

* Net of amortized cost

NFD: 30,928

NFD: 27,199

Eq: 34,811

Eq: 33,021

0.89x 0.82x

3.33x3.09x

0.00x

1.00x

2.00x

3.00x

4.00x

5.00x

0

20,000

40,000

60,000

9M/18 9M/19

Times (x)THB million

Net Financial Debt Total Equity

Net Financial Debt/Total Equity Net Financial Debt/EBITDA

Total

Shareholders'

Equity

33,021

Total Liabilities and

Shareholders’ Equity


Financial debt profile: 3.5bn debt due in 2020 is expected to be fully

repaid

Group Consolidated (THB equivalent)

• 86% of group debt are in THB held by Thai corporates.

• 85% of the group debt are at fixed interest rates.

• Long-term debt secured at an average interest rate of 3.5% for a 8 year average tenure

Unit : Million THB (MB)

Total: 30,454 MB

3,483 3,542

297

7,090

42

4,500

0

2,000

5,000

0

4,500

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Debt Maturity Profile (Group)

S/T Loan

L/T Loan

THB Currency, 26,140 MB , 86%

VND Currency, 2,683 MB , 9%

LKR Currency, 1,522 MB , 5%

IDR Currency, 109 MB , 0%


15.81

20.8522.10

19.91

17.02

6.59

10.148.99

13.00

15.00 15.00 15.00 15.00

10.00

8.00

4.00

82%

72%68%

75%

88%

152%

79%

44%

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

5

10

15

20

25

2012 2013 2014 2015 2016 2017 2018 9M/2019

EPS DPS Payout Ratio Payout Policy

Dividend Policy: 2019 interim dividend was paid at 4 THB/share

EP

S &

D

PS

(T

HB

) Div

ide

nd

Pa

yo

ut

Dividend Yield* 3.81% 3.55% 3.46% 4.70% 5.51% 4.40% 4.88% 3.85%

Source: SET, for 3Q2019 use closing price as of October 29, 2019 at 208 Baht

Dividend payout policy at 60%


Agenda






Thailand Construction: Cement consumption showed sign of slow

down mainly due to contraction in residential construction

Source: SCCC, Team analysis

Construction on progress

Potential for construction

Infrastructure

Airport

Residential

Commercial: Hotel

Commercial: Department

Store

Industrial

No

rth

1,2

No

rthea

st 1

,2

We

st

Me

tro E

ast

So

uth

1,2

Overall

Unit: (‘000ton/ mth.)

2,200

2,400

0

3,200

2,600

2,800

3,000

2,000

20132010 201920182011 2012 2014 2015 2016 2017

Flood Crisis

Politic Crisis

LTVThai Coup

Unit: (‘000 sqm/ mth.)

4,000

4,500

0

6,500

5,000

5,500

6,000

3,500

20132010 201920182011 2012 2014 2015 2016 2017

Flood Crisis

Politic Crisis

LTVThai Coup

Cement Consumption ( 9M moving average)

Construction Area Permitted ( 9M moving average)


Regional cement supply: Over supply situation from added

capacities by Chinese cement manufacturers

22/04/2020

One Belt One Road Project in SEA

Source: https://www.dbs.com.hk/treasures-privateclient//aics/pdfController.page?pdfpath=/content/article/pdf/914_HK_Equity/2017/08/914_HK_Equity_57_03082017.pdf

Demand for infrastructure

along BRI countries

A plan for linking China’s evolving economic development with that of its Eurasian

neighbors, for enhancing people to people and cultural ties, for developing new

standards for communications and energy technologies, increasing the ease of

cross-border, multi-currency transactions and further internationalization.

A hub of future economy in

ASEAN

Greater economic

cooperation between SEA

and China

Current movement from China Cement Player

SCG

SCG

Battambang

Conch

SCG

Luang Prabang Conch

LCI

CMIC

Mandalay

Conch

(Study)

• Anhui Conch Cement , which

currently has capacity at 313

million tons, has already set

up plants in SEA area to

support the construction of

One Belt One Road project.

Vientiane Conch (Study)

Hongsri (VHS), Vientiane

JLC Udomxay (2020)


Cement Price: Flat in 2019 but +3% YoY, more intense market

competition is expected from subdued private consumption

SOURCE: SCCC, Pricing team

Jan-18Jan-17Jan-16 Jan-19

SCCC Price Index

Y2016

A sharply decline in price over

SCCC’s profitable segments

Y2017

Cement price initiates recovery

Y2018

Consistently executes price

improvement plan

Y2019Price governance is

still one of SCCC key

performance driven

Increase cement

capacity both

Regional and

Domestic

Establishment of

New production

line in Domestic

marketThe enter of

Border cement

into Domestic

market

Reinforcement of

key profitability

products

Development of

infrastructure

sector Driving good

price practices

improve price

stability and

profitability

Turning point


Coal Price: HRC was on downward trend, MRC and LRC were on par

with prior year

22/04/2020

10

30

50

70

90

110

130

Jan-15 Aug-15 Mar-16 Oct-16 May-17 Dec-17 Jul-18 Feb-19 Sep-19

ICI Index(6500 GAR)

ICI Index(5800 GAR)

ICI Index(5000 GAR)

ICI Index(4200 GAR)

ICI Index(3400 GAR)

USD/ton


Market Outlook (Cement, Concrete and Light Building Materials)

22/04/2020

Thailand Gov’t infrastructure projects and EEC

Contraction of residential construction sector

Flow of cement oversupply from neighboring countries

Pricing opportunity is limited

Energy cost downward trend

Vietnam Expected GDP growth over 6% in medium and long term

Construction license freeze in HCMC

Price pressure, inability to pass on cost

Electricity tariff increase 8% (since Q1/19)

Sri Lanka Slow progress of infrastructure projects

Price increased in Q1/19

Bangladesh Price pressure, inability to pass on cost

New tax regime resulted as higher overall tax cost


INSEE ECOCYCLE: Growing waste management and industrial

cleaning services covering both chemical and mechanical cleaning

Reference projects

o Chevron Pipeline &

Equipment Hg

Decontamination Project

o PTTEP Subsea Hg


o GCME/GC6 prep. &

execution for Chemical

Cleaning Project

o SPRC Chemical


Innovation with Robotic Tank

Cleaning technology with ATEX

Zone 0 Certified for safety reason

with no man entry and much

faster implementation


International Trading: Q3 was low season as rainy season in

southern region of China. Rebound is expected in Q4.

Price Outlook 2019 Seasonality may affect Spot prices when regional importing markets enters the low season. Balance of 2019 will

be relatively positive as China will be expected to drive market. SCCC’s dependence on the spot market is small as favorable annuals

contracts have been signed at above current market prices.

Decrease from 2018

Exportable excess

Imports

Increase from 2018

Stable

*China and Japan, assumed there is

available


Agenda




Awards & Recognitions


Business Challenges and Opportunities

Excess capacity in the

region

Energy cost

management

Machine reliability

improvement

Geopolitical

uncertainty

Subdued residential

construction

Challenges

EEC and infrastructure

projects

International supply of

clinker & cement

Synergy across business

units

Further leverage operational

excellence culture

Opportunities


Agenda






Key business priorities: Increase capital returns, balance sheet

strengthening and accretive organic investment are key priorities

22/04/2020

Build Competitive Position in

Thailand Market

✓ Reposition INSEE and capture

volume growth through

launching new go-to-market

models

✓ Provide total solution and push

value added products

✓ Optimize business portfolio

✓ Restructure selling channels

capturing completed customer

base

Capture Growth

Opportunities in

Regional Markets

✓ Enter into clinker deficit and high

cement consumption growth countries

✓ Achieve attractive investment returns

✓ Enhance synergy with existing

operation in term of procurement, plant

utilization and people integration

Diversify its Cash Flow and

Revenue Stream

✓ Expect 50/50 revenue from domestic and

regional markets by 2020

✓ Reduce market risk from business

concentration in Thailand, which is

mature cement market

Improve Cost and

Operational

Efficiency

✓ Maintain high capacity utilisation and

supply excess clinker to captive

channels

✓ Leverage on digital technology for the

whole supply chain

✓ Train high-skilled employees in every

division to understand and professionally

implement under international standard


Q&A


Supplementary


Our Business Portfolio concentrates in products and services

across value chain of the construction material industry

Cement

Light Weight Concrete

Light Building

Materials

Fiber Cement

INSEE Mortar

Waste Management

Services

Offers total waste management

solution. Obtained 101 and 106

licenses enabling to pre-process

and dispose of both hazardous

and non-hazardous wastes

Industrial Cleaning

TradingConcrete and

Aggregates

INSEE Concrete

INSEE Aggregates

International trading of

cementitious materials and solid

fuels across regions

Waste Management

Supplies Autoclaved Aerated

Concrete Class 4 (G4), which are

light-weight, high strength, fire

resistance and thermal insulation

Innovative wood architectural &

decorative products utilizing high

quality cement and recycled

cellulose fibers. Expanding

business internationally, Indonesia

and the Middle East and Australia

INSEE Cement

Provides specialist industrial

cleaning services from

Valence Corporation Limited

Concrete manufacturing,

nationwide coverage network in

Thailand, and key markets in

South Vietnam

Produces the ready-to-use

cement known as INSEE Mortar

Max, which can be used

instantly by mixing with water

International trading

Rock from crushing and

screening process with good

gradation and shape, suitable

for all concrete productions.

A leading cement manufacturer in

Southeast Asia commanding total

cement production of 25 million

tons p.a. with market presence in

high growth countries as Thailand,

Vietnam, Sri Lanka and

Bangladesh

JV and Associated Co.

Chip Mong INSEE Cement

LANNA Resources PLC.

Thai Agro Energy PLC.

40.0% holding

44.9% holding

4.7% holding


Becoming a leading cement manufacturer in Southeast Asia

with strong market presence in high cement growth countries

25.0 million tons cement

production capacity

CAMBODIA

BANGLADESH

SRI LANKA

VIETNAM

Siam City Cement (Bangladesh) Ltd.

Siam City Cement (Lanka) Ltd.

THAILAND

5.2 M tons per year

No.2 market share in

South Vietnam

Globe Cement Co., Ltd.:

0.8 M tons per year

Chip Mong INSEE Cement

Corporation Ltd.

1.8 M tons per year

No.2 market share

2.5 M tons per year

No.2 market share

0.5 M tons per year

Siam City Cement PCL

16 M tons per year

No.2 market share

Siam City Cement (Vietnam) Ltd.

14.5 million tons clinker

production capacity

One of Market Leaders in

key markets


South Vietnam: Positive macro economic indicators will continue to

drive demand. After double digit growth market is expected to grow at a

more sustainable rate of 3-5% in the short to medium term

Cement Supply and Demand in South Vietnam

Driving Factors to construction industry• GDP growth over 6% in the medium to long term

• Consistent FDI flow (SVN – Q2/19 ~9 Billion USD)

• Further benefit in short term from US-China trade war.

Negative Factors • Constructions license freeze in main market of HCMC (35%

contribution) is impacting cement demand in short term

• Pricing pressure – Inability to pass on the escalating cost to

customer

Strategy• Building additional cement and clinker capacities to capture

demand growth

• Strengthen position in growing bulk segment

• Leverage SCCC Group product portfolio and introduce new

product ranges in light building materials in all key markets.

Digitalization of our channels

• Move towards composite cement to address price premium gap

and reduce carbon footprint.

• Expand waste management business beyond kiln co-processing.

22.525 25.5

0

5

10

15

20

25

30

2017 2018 2019F

Supply Demand

+11%yoy +2%yoy

Supply: 25 million tons

Ba Ria –

Vung Tau

Binh

Duong

Binh Phuoc

Dong Nai

Tay Ninh

An Giang

Bac

Lieu

Ben Tre

Ca Mau

Dong

Thap

Hau

GiangKien

Giang

Long An

Soc

Trang

Tien Giang

Tra

Vinh

Can Tho

Ho Chi Minh City

Vinh Long

Hong Chong Plant

Thi Vai Plant

Hiep Phuoc Plant

Nhon Trach Plant

Cat Lai Plant

Million tons

Siam City Cement Vietnam:

Capacity: 5.2 – 5.5 million tons p.a.,

Market Share: 21%


Sri Lanka: Cement demand expected to increase with a lag effect

after the formation of the new government in Q2/20

22/04/2020

Driving Factors

• Expected GDP growth ~4% (2018-2022) driven by

private consumption, investment and exports

• Infrastructure project demand expected to be increased

after the political stability

Negative Factors

• Slow progress of key infrastructure projects

• Demand decline in ICI segment due to fund issues

• Political instability.

• Possible entrance of new players by 2021

Strategy

• Increase superior blended cement share while reducing

clinker factor

• Increase INSEE share in contractor segment

• Maintain premium positions in both channels

• Strengthen Channel, i.e. RMX, CONWOOD

Siam City Cement Lanka:

Grinding capacity: 2.5 million tons p.a.,

Market Share: 35%

Cement Capacity and Demand in Sri Lanka

8.6 8.6 8.9

4.05.4 5.4

6.4 6.1 6.2

0

2

4

6

8

10

2017 2018 2019F

Import capacityGrinding capacityDemand

-4%yoy

+0.4%yoy

Million tons

Limestone Quarry

Galle

Trincomalee

• Kurunegala

Puttalam

• Colombo

•

PCW-Integrated

Cement Plant

Waste Processing Facility

Waste Processing Facility

RCW-Ruhnu

Cement Grinding

Station

MMC Terminal &

Warehouse

GCW-Galle Cement Works

• INSEE Ecocycle

• INSEE Ecocycle

•

Integrated plant

Import terminal

Warehouse

Quarry

Grinding station


Bangladesh: Highly opportune space for investment

22/04/2020

Driving Factors

• GDP growth ~ 6% in the past decade

• Per capita cement consumption (~200kg)

• Housing: increasing rate of urbanization

• Infrastructure: Government’s infrastructure projects

partially financed by foreign aid funds including power

plant, bridges, roads, elevated express ways, metro rail

and flyovers, and sea ports etc. (~120 billion USD)

Strategy

• Upgrade the existing plant

• Capacity Expansion

Cement Supply and Demand in Bangladesh

5054

59

31 3439

0

10

20

30

40

50

60

70

2018 2019F 2020F

Supply Demand

+9.5%yoy +14.7%yoy

Million tons

Siam City Cement Bangladesh:

Capacity: 0.5 million tons p.a.,

Market Share: 1.6%

SCCBD Grinding Station


Sihanoukville

Kampot

RattanakiriStreung Treng

MondolkiriKratieKg.Thom

Preah Vihear

Odar Meanchey

Bantaey Meanchey

Siem Reap

BattambangPailin

Pursat

Koh Kong

Takeo

Kg. Cham

Kg.

Chhnang

Kg. Speu

Kandal

Prey Veng

Svay Rieng

PNH

CMIC: fully integrated plant

Cambodia: Solid volume growth, higher intense competition is

expected from incremental capacities

22/04/2020

Cement Supply and Demand in Cambodia

Million tons

Chip Mong Insee Cement:

Capacity: 1.8 million tons p.a.,

Market Share: 24%

5.5

6.9 7.57.24

1011

0

2

4

6

8

10

12

2018 2019F 2020F

Supply Demand

+38%+10%

Conch Cement

Chakrey Ting (Huaxin)

K Cement (SCG)

Thai Boon Roong

Driven Factors

• Investments from China continues to be key

driver of growth.

• Infrastructure sector also continues to grow

Strategy

• Maintaining asset at full utilization level & fill the

growth with import

• Realize market and operational synergies with

SCCC and Chip Mong groups

• Differentiate from competitors with new solutions

• Implement new Product portfolio

• Set up Ecocycle business as a waste

management arm


RMX & AGG (TH): Growing profit margin through increasing

VAP/VAS and expanding bulk cement captive channels

RMX – VAS/VAP

• INSEE Floor Solutions – Offering total solution as single

point of contact for specific-use flat floor such as high

standard of industrial floor

RMX – Mobile Concrete plant

• Fully mobile machine to faster set up and support new

customers and demand, especially in BKK and ESB

• Better coordination at site

• Quality is consistent

• First Mobile Fleet unit already commercialized in Q2/19.

Project Reference

- Kabinburi Glass

Industry (KBI)

- Continental Tire

Project

• New crushing plants to produce the high performance

(premium quality) aggregates

• Plant is designed to control environmental impacts

• Further penetrate into CPM players with cooperation with

bulk cement sales

IAGG – High Performance Aggregate

RMX – Captive channel for Bulk and LIP/MIP

• Cement-RMX Integrated margin to win LIP/MIP

• Expand Bulk Channel and RMX plant via Franchise, Mini

RMX, Tolling, and partnership with big Indy

• SL RMX Establishment


Light Building Materials: Focus on application based solutions

22/04/2020

Mortar - Value-added products and services

ISUB – Wall-Panel Solution

• Wall-Panel Solution – Offering “Total wall solution package”

including wall design, customized panels, and wall-panel specific

applicators to customers in residential, commercial, and industrial

segments

• Adhesive Mortar – Expanding complete portfolio for tile products

• Engineering Mortar – Offering engineering mortar to industrial

and infrastructure segments

• Decorative Mortar – Offering white-cement related products

• Bulk Services and Solution – Offering solutions to boost Mortar

bulk demand in high-rise project channel

Conwood Group

Conwood Thailand

• Expand to decorative product and solution

• Grow Conwood iServices i.e B2C Renovation, Product

installation for B2B

• Channel enhancement to capture B2C segment, and

more engage in modern trade channel

Conwood Indonesia

• Engaging top developers to penetrate in project segment

(design and build segment)

Conwood Export

• Increase export market in VN, India, PH, UAE


Large infrastructure projects: Over 3.3 trillion Baht infrastructure

projects in Thailand during 2018-2026


Corporate and Industry Awards

22/04/2020

The Thailand’s Top Corporate Brand Values 2019

in Construction Material Sector – 3rd consecutive year

Awarded by Chulalongkorn Business School in collaboration with The Stock Exchange of

Thailand

Obtained in 2019

FTSE4Good Certificate - 2nd consecutive renewal

Awarded by FTSE International Limited and Frank Russel Company (FTSE Russel),

June 2019

CSR-DPIM Continuous Award and Green Mining Award 2019

Awarded by the Department of Primary Industries and Mines, Ministry of Industry

CSR-DIW Continuous Awards 2019(Corporate Social Responsibility)

Awarded to SCCC, INSEE Ecocycle, Mortar and Siam City Power, by the Department of

Industrial Work, Ministry of Industry

Thailand Green and Smart Mining Awards 2019

Awarded to SCCC by the Ministry of Natural Resources and Environment


Corporate and Industry Awards

22/04/2020

Thailand ICT Excellent Awards 2018 (5 Awards)

Excellence Awards - INSEE Digital Connected Plant Project and INSEE SMART Pay

Project

Distinguished Awards - INSEE People Planning Development Analytics Project, Capex

Management Project, and Smart Delivery Project

Awarded by the Thailand Management Association (TMA)

Best Industrial Waste Management Award

Gold Plus Level - Non-hazardous Solid Blending

Gold Level - Liquid Blending, Alternative Resource in cement production, Spay cans

recycle, and Light bulbs recycle

Awarded to INSEE Ecocycle (Saraburi Platform and Chonburi Platform) and SCCC (Plant 1

& 3), by the Department of Industrial Works, Ministry of Industry

“Excellent” recognition level of Corporate Governance Performance of

Thai Listed Companies - 3rd consecutive year

Awarded by Thai Institute of Directors Association (IOD)

Green Industry Award Level 5 - Green Network (Renewal)

Awarded by Department of Industrial Works, Ministry of Industry


Leadership and People Development

22/04/2020

World Coaching Congress & Awards - Operational Performance Improvement (OPI)

Coach Capability Development

Awarded by World HRD Congress, February 2019

The ATD Excellence in Practice Awards - Operational Performance Improvement

(OPI) Coach Capability Development

Awarded by ATD, USA, May 2019

Training & Development Excellence Awards (5 Awards)

Best In Class Coaching Leadership - awarded by World HRD Congress, India

2018 Excellence in Practice Award Winners - awarded by The Association for Talent

Development (ATD) at U.S.A.

Best Leadership Development Program for Worker and Organization with Innovation

HR Practices award awarded by Asia’s Best Employer Brand Awards & Asia’s Training &

Development Excellence Awards 2019 at Singapore

Excellence in Training Award – Overall Award on Results Based Training - awarded by

World HRD Congress, India, July 2019

Obtained in 2019

siam city cement plc. q3 2019 performance · eps dps payout ratio payout policy dividend policy:...

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