Osotspa’ Showcases 2020 Performance Despite COVID-19 Crisis, Strong Financial Position, Heighten Market Share, Growth in Profit with Net Profit of 3,504 Million Baht, Declaring Second Half Dividend Payment of 0.65 Baht per Share and Total Annual Dividend Payment of 1.1 Baht per Share

Osotspa Public Company Limited (OSP) shows the potential to cope with the COVID-19 epidemic with agility concept and effective cost management under the Fit Fast Firm project that outperformed the plan, gaining 3,504 million baht profit, an increase of 7.5%, along with an increasing market share in all major product groups. The Company also remains in a leading position in the energy drink market in Myanmar, while maintaining a strong financial position and cash flow and being open for new partnerships to expand businesses. The board approved the dividend payment for the second half of the year at the rate of 0.65 baht per share, resulting in a total annual dividend payment of 1.1 baht per share, reinforcing the policy of maximizing returns to shareholders.

Mr. Thana Chaiprasit, Acting Chief Executive Officer of Osotspa Public Company Limited (OSP), Thailand’s leading manufacturer and distributor of consumer products, revealed that 2020 was a challenging year due to economic impacts from the COVID-19 crisis. However, with agility management that emphasizes speed and flexibility, a search for new business opportunities leading to a rapid development of new products that meet the changing consumer behaviors, as well as a strong distribution network, OSP was able to manage various risks. Meanwhile, the cost management under the Fit Fast Firm project outperformed its prior plan. This results in a 2020 revenue of 26,129 million baht which is close to the same period of the previous year, and a net profit of 3,504 million baht, an increase of 7.5%, compared to the same period of the previous year. The Company also maintains a strong financial position and cash flow and is open for new partnerships to expand businesses together.

Although the overall market shrinks and consumers are more cautious in their spending, effective marketing strategies and strong distribution network allow Osotspa to gain a larger market share of both beverage and personal care products in contrast with the market trends. The consumers' confidence toward M-150 helps enhance the market share of the energy drink products to 54.5%. Last year, C vitt’s exponential growth helped drive the growth of the functional beverage market at 9% and it was ranked No. 1 with a market share of 31% after the Company has explored new distribution channels, for instance, the Five Star shops and Kerry Delivery Shops, and has focused on household consumption.

As for the personal care products, the Company achieved the highest market share in Q4/2020, especially the Babi Mild brand that gained the highest market share in liquid soap and talcum markets.

While in Myanmar market, the Company has continued to maintain its leadership in the energy drink market with a market share of more than 30%. The new factory started operating. This new factory helps further expand route-to-market and distribution channels and more effectively tap into consumer demand. This new facility also helps reduce logistic costs and improve gross profit margin. However, the situation in Myanmar may affect transportation and operations in the short term, and the Company has closely monitored the situation.

As a result of the solid operating results, in the meeting on February 24, 2021, the Board of Directors has approved the payment of a dividend for the year 2020 performance at the rate of 1.1 baht per share, amounting to 3,304 million baht, divided into interim dividend at 0.45 baht per share, and the remaining 0.65 baht per share to the shareholders duly listed as eligible for dividend payment as of May 6, 2021, to be paid on May 25, 2021, following approval from the General Shareholders Meeting.

“For the action plan of 2021, the Company will focus on five pillars: creating growth in the energy drink segment, broadening the C vitt market, expanding business in Myanmar, enhancing the efficiency and effectiveness of the Fit Fast Firm project and driving business with sustainability to create sustainable growth and maximize shareholder returns, ” said Mr. Thana.