Investor Information


Page | Thai
In 4Q 2020, HMC Polymers Company Limited (HMC) commenced issuance of Thai Baht unsubordinated and unsecured debentures. We now wish to advise interested parties that as of early November, 2020 the bond allocation was fully sold and is no longer available. We would like to thank all participating investors. The proceeds of the debentures will be used to refinance our existing bank loans and for working capital.

  • land-052.jpg
  • land-001.jpg
  • land-014.jpg
 

An initial Investor Roadshow was conducted on 22 September, 2020 followed by a Plant Visit on 23 September, 2020. In preparation for the issuance of Debentures, Fitch Ratings (Thailand) Co., Ltd. rated HMC as A-(tha)/Negative on 17 September 2020.
 


HMC Polymers' Investment Highlights
 
Strong Linkage with Shareholders
HMC is a propylene off-taker of PTTGC. PTTGC considers HMC as its key vehicle in the PP business. HMC has a non-compete arrangement with PTTGC. PTTGC and LyondellBasell appoint the majority of HMC's directors and some key management personnel.

A Leader in South-East Asian PP Production
HMC's capacity will increase to about 1.1 million tonnes per annum by 2022, making it the largest PP producer in the region after its new PP production line 4 is completed.

Focus on High-Value-Added Products
HMC focuses on differentiated and specialty products, which have lower competition and higher margins. The proportion of sales of these products increased to around 46% in 2019 from about 35% in 2015.

Leading Technology and Product Innovation
HMC is the leader in pipe grade and medical grade PP in Thailand, and is the world’s first producer of PP for dielectric film using modern PP technology from LyondellBasell.


Indicative Debentures Structures
 
  • Debenture Type
    Thai Baht Unsubordinated and Unsecured Debentures
  • Use of Proceeds
    The debentures will be used to refinance our existing bank loans and for working capital.
  • Company Rating
    A-(tha)/Negative by Fitch Ratings (Thailand) Co., Ltd.
  • Issue Rating
    A-(tha) by Fitch Ratings (Thailand) Co., Ltd.
  • Type of Offering
    Private Placement to Institutional and High Net Worth Investors
  • Lead Arrangers
    Bangkok Bank Public Company Limited  Tel: 0-2626-3646 and 0-2626-3592
    KASIKORN BANK Public Company Limited  Tel: 0-2470-3074 and 0-2470-3274
    The Siam Commercial Public Company Limited  Tel: 0-2777-6784


Fitch Rating Reports
 
Issue Rating | 17 September 2020
 
  • Download Press Release PDF | Thai
  • Download Press Release PDF | English
     
 
Issuer Rating | 9 April 2020
 


 
 

Investor Contacts


IR Contact  ir@hmcpolymers.com

 
HMC Polymers

Live Roadshow Video
Thai version

HMC: Polypropylene Expert
Thai version

HMC: Maximising the Full Potential of PP
English version

PP as a Sustainable Solution
Thai version

 
Investor Presentations


Investor Roadshow

Presentation
22 September 2020

Download Presentation PDF English

Agenda:
1. Company Profile
2. Financial Performance
3. Debentures Offering
 


Investor Plant Visit

Presentation
23 September 2020

Download Presentation PDF
English

Presentation Topics:
1. Safety Management
2. Operational Excellence
3. Corporate Sustainable Responsibility
 


Investor FAQ

Frequently Asked Questions
Download PDF Thai