Consolidated Performance Highlights
2021 was a banner year for TTA; its revenues grew 72%YoY to Baht 22,128.1 million, mainly due to the significant growth in most core businesses, especially Shipping. Shipping, Offshore Service, Agrochemical, Food & Beverage, and Investment segments contributed 53%, 16%, 18%, 9%, and 4% to the consolidated revenues, respectively. Cost of sales and providing services(1) increased 49%YoY to Baht 15,121.5 million proportional to higher revenues but with less growth. Thus, gross profits increased 159%YoY and more than doubled from the pre-COVID levels in 2019 to Baht 7,006.6 million from higher revenues and margin. The gross profit margin increased from 20% in 2019 and 21% in 2020 to 32% in 2021 from a much better margin of the Shipping segment as the TCE rate significantly increased while vessel operating expenses (OPEX) maintained below an industry average. Accordingly, EBITDA grew 675%YoY to Baht 5,454.7 million. SG&A maintained YoY. Finance costs slightly increased 1%YoY to Baht 416.0 million as interest-bearing debts increased mainly from the issue of new debentures in 2021, although reference interest rate has been decreased such as LIBOR-3M, which was sharply dropped amid COVID-19 pandemic ranging from 1.90% down to 0.20% in 2020 and between 0.11% and 0.24% in 2021. Besides, there were realized/unrealized gains from foreign exchanges of Baht 130.8 million mainly due to the weakening Thai Baht against US Dollar and net non-recurring losses of Baht 150.1 million mainly due to the allowance for impairment. Meanwhile, Shipping’s time charter equivalent (TCE) rate significantly rose 153%YoY from an average of US$ 9,517 per day in 2020 to US$ 24,074 per day, with gains from both owned and chartered-in vessels. Offshore Service segment’s gross profits turned positive from better margin with a strong order book of US$ 292 million at yearend. Agrochemical segment continued to be profitable; its fertilizer sales volume reached its record high of 224.2 KTons, and its net profits more than tripled from 2019 levels. Therefore, TTA reported historical-high net profits of Baht 3,858.7 million in more than a decade, up 586% and 298% from that in 2019 and 2020, respectively, due to the remarkable growth in Shipping’s freight rate; the net profit margin to TTA increased from 4% in 2019 and -15% in 2020 to 17% in 2021.
Performance Summary
| The 2021 Yearly Financial Results | Download |
| 2024 | |
| The 2024 Second Quarter Financial Results | Download |
| The 2024 First Quarter Financial Results | Download |
| 2023 | |
| FY 2023 Consolidated Results Review | Download |
| The 2023 Third Quarter Financial Results | Download |
| The 2023 Second Quarter Financial Results | Download |
| The 2023 First Quarter Financial Results | Download |
| 2022 | |
| FY 2022 Consolidated Results Review | Download |
| The 2022 Third Quarter Financial Results | Download |
| The 2022 Second Quarter Financial Results | Download |
| The 2022 First Quarter Financial Results | Download |
| 2021 | |
| FY 2021 Consolidated Results Review | Download |
| The 2021 Third Quarter Financial Results | Download |
| The 2021 Second Quarter Financial Results | Download |
| The 2021 First Quarter Financial Results | Download |
| 2020 | |
| FY 2020 Consolidated Results Review | Download |
| The 2020 Third Quarter Financial Results | Download |
| The 2020 Second Quarter Financial Results | Download |
| The 2020 First Quarter Financial Results | Download |
| 2019 | |
| FY 2019 Consolidated Results Review | Download |
| The 2019 Third Quarter Financial Results | Download |
| The 2019 Second Quarter Financial Results | Download |
| The 2019 First Quarter Financial Results | Download |
| 2018 | |
| FY 2018 Consolidated Results Review | Download |
| The 2018 Third Quarter Financial Results | Download |
| The 2018 Second Quarter Financial Results | Download |
| The 2018 First Quarter Financial Results | Download |
| 2017 | |
| FY 2017 Consolidated Results Review | Download |
| The 2017 Third Quarter Financial Results | Download |
| The 2017 Second Quarter Financial Results | Download |
| The 2017 First Quarter Financial Results | Download |
| 2016 | |
| FY 2016 Consolidated Results Review | Download |
| The 2016 Third Quarter Financial Results | Download |
| The 2016 Second Quarter Financial Results | Download |
| The 2016 First Quarter Financial Results | Download |
| 2015 | |
| FY 2015 Consolidated Results Review | Download |
| The 2015 Third Quarter Financial Results | Download |
| The 2015 Second Quarter Financial Results | Download |
| The 2015 First Quarter Financial Results | Download |
| 2014 | |
| FY 2014 Consolidated Results Review | Download |
| The 2014 Third Quarter Financial Results | Download |
| The 2014 Second Quarter Financial Results | Download |
| The 2014 First Quarter Financial Results | Download |
| 2013 | |
| FY 2013 Consolidated Results Review | Download |
| The 2013 Third Quarter Financial Results | Download |
| The 2013 Second Quarter Financial Results | Download |
| The 2013 First Quarter Financial Results | Download |
| 2012 | |
| FY 2012 Consolidated Results Review | Download |
| The 2012 Third Quarter Financial Results | Download |
| The 2012 Second Quarter Financial Results | Download |
| The 2012 First Quarter Financial Results | Download |
| 2011 | |
| FY 2011 Consolidated Results Review | Download |
| The 2011 Third Quarter Financial Results | Download |
| The 2011 Second Quarter Financial Results | Download |
| The 2011 First Quarter Financial Results | Download |
| 2010 | |
| FY 2010 Consolidated Results Review | Download |
| The 2010 Third Quarter Financial Results | Download |
| The 2010 Second Quarter Financial Results | Download |
| The 2010 First Quarter Financial Results | Download |
| 2009 | |
| The Yearly 2009 Financial Results | Download |