Company performance

Fiscal Year 2022

(Year ended March 31, 2022)

1

Agenda

  • Update on business environment
  • TSTH performance in FY22
  • Business outlook for FY23

2

Rising inflation and geo-political issues are expected to have an adverse impact on global growth during 2022

Economic growth projections (%) for global and major economies

2022 Inflation (%) forecast by OECD

  • World steel production declined by 6.3% Y-o-Y during Jan-May 2022

Source : IMF , World bank, OECD, Krungsri Research, WSA

3

Thailand apparent steel consumption

24,000

20,000

16,000

12,000

8,000

4,000

0

20,862

19,090

19,334

18,641

18,637

16,726

16,452

6,487

11,436

9,542

12,615

9,318

11,326

9,032

12,057

7,799

12,227

7,156

10,407

7,633

12,399

1,198

1,295

1,553

1,754

1,384

1,111

1,395

2015

2016

2017

2018

2019

2020

2021

Production

Import

Export

Apparent steel use

('000 tonnes)

-16.8%

8,463

7,040

3,604

5,406

546

3,302

4,312

574

20212022

(Jan-May)(Jan-May)

  • Steel consumption declined by 16.8% year on year during Jan-May'22 mainly from lower imports due to global supply chain disruptions.

Source : Iron and Steel Institute of Thailand

4

Thailand Economy: while tourism sector is reviving, global headwinds and high inflation remains a concern

BOT's Key Economic Forecasts

Inflation

  • Thai GDP growth projection remains in 3.2-3.3% range due to strong domestic demand and the pickup in foreign tourists amid limited effect of Russia-Ukraine crisis.
  • Inflation at 14 years high, remains a concern. Full-year inflation is projected at 6%.

5

Source : BOT , MOC, Krungsri Research

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Tata Steel (Thailand) pcl published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 03:00:02 UTC.