Chememan Human Chemical

“The group of companies aims at achieving lime capacity of more than 2,000,000 tons per year by 2025 to become a world-class leader in lime industry by conducting business with good governance that provides sustainability for all concerned parties.”

2,000,000
tons
per year by 2025
3Q2023 Key Financial Metrics
40 Days
Day Working Capacity (DWC)
2.32%
Return on Equity*
40 MB
Capital Expenditures
3,415 MB
Proportional Adjusted Net Debt
122 MB
Adjusted Free Cash Flow
100 MB
Cash Balance

*Return on Equity = Net Income attributable to holders of company (annualized)/Equity attributable to owners of company (average)

Revenues
(Million Baht)
Net Income and Earnings per share attributable to CMAN
2021 2022 3Q2022 2Q2023 3Q2023
Statement of Comprehensive Income
Revenues (million baht) 3,002 3,660 960 856 769
Net income (loss) attributable to CMAN (million baht) 98 152 72 59 14
Earnings (loss) per share attributable to CMAN (baht per share) 0.10 0.16 0.07 0.06 0.01
Adjusted net income (loss) attributable to CMAN (*) (million baht) 204 172 177 108 37
Adjusted earnings (loss) per share (*) (baht per share) 0.21 0.18 0.18 0.11 0.04
Adjusted EBITDA excluding special items (*) (million baht) 582 745 311 262 174
2021 2022 3Q2022 2Q2023 3Q2023
Statement of Financial Position
Current Assets (million baht) 1,331 1,244 1,242 1,113 1,034
Total Assets (million baht) 7,022 6,768 6,969 6,575 6,459
Current Liabilities (million baht) 2,154 2,057 2,156 1,983 1,968
Total Liabilities (million baht) 4,730 4,416 4,555 4,097 3,980
Shareholders' Equity (million baht) 2,292 2,352 2,414 2,478 2,479
Financial Ratios
Current Ratio (times) 0.62 0.60 0.58 0.56 0.53
D/E Ratio (times) 2.16 1.94 1.95 1.70 1.65
Net Profit Margin (%) 3.13% 3.92% 7.40% 6.59% 1.76%
Return on Asset (%) 1.50% 2.20% 4.13% 3.57% 0.84%
Return on Equity (%) 4.70% 6.80% 12.75% 9.93% 2.32%

Calculations:

(*) Excludes all significant non-cash items, such as unrealized foreign exchange gains/losses from translation adjustments and mark-to-market gains/losses from forward contracts

Net Profit Margin = Net Income(loss) attributable to CMAN(Annualized)/Total Revenues (Revenues from sales volumes, services and other revenues)

Return on Asset = Net Income(loss) attributable to CMAN(Annualized)/Average Total assets

Return on Equity = Net Income(loss) attributable to CMAN(Annualized)/Average Shareholders' equity

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