“Ratch Group (RATCH) invested 15 billion baht this year, hoping to buy a power plant business of 7 billion baht, build the same power plant 8 billion baht, and set a target to increase the production capacity of 700 MW this year from doing good. With 350 MW of M&A, the capacity is expected to reach 10 thousand MW by the year ’68, the latest show that the year 20 performance has a profit of 6.28 billion baht, an increase of 5.4% with a dividend of 1.25 baht per share.
*** Placing a budget of 1.5 billion baht to buy a business – construct a power plant
Mr. Kijja Sripatthangkura President of RATCH Group Public Company Limited or RATCH disclosed in the press conference. “Performance Y2020 and Goal 64” that the company has prepared an investment budget of approximately 15,000 million baht for investment in new projects or acquisitions (M&A) approximately 7,000 million baht and to invest in existing projects under construction. Another 8,000 million baht
The source of funds is expected to come from the issuance of debentures within this year. However, the issuance period still has to wait and see the situation and consider whether Will be issued in Thai baht or foreign currency
*** Increasing electricity capacity this year 700 MW from acquisition of 350 MW
Mr. Kijja said the company aims to increase its electricity generation capacity by 700 megawatts (MW) from the year 2020 with a total production capacity of 8,174 MW, divided into investments in commercial operating power plants (COD). The amount of 350 MW is planned to acquire at least 5 more power plants, which is initially expected to end the deal by the middle of this year, approximately 1-2 projects and the remaining capacity will expand the investment target. Outside of ASEAN countries and Australia such as Taiwan, South Korea and Japan, as well as further enhancing cooperation with existing partners
The company has set a target by the year ’68 that the production capacity will reach 10,000 MW, which is delayed from the previous target of the year 66 due to the fact that there is one power plant with a capacity of 1,400 MW to be expired. Therefore, the company has to find the production capacity to compensate So as not to affect the overall production capacity
*** 5-year EBITDA flag for non-power plant businesses hit 20%
Mr. Kitcha continued that the company plans to target within the next 5 years, EBITDA of non-power plants. Increased to 20% from the current level of 5% after seeing that The power plant business has more players in this business. The company will try to invest in concession or monopoly businesses such as electric trains, basic utilities and businesses that are relatively monopoly. Because the risk is minimal and the competitors can enter it difficult
*** Cooperate with BAFS for renewable energy – oil pipeline transportation
Mr. Kitcha said that for the acquisition of 15.53% stake in Bangkok Aviation Fuel Services Public Company Limited or BAFS, the Company has studied all risks and therefore bought it and sees it as a good opportunity for businesses to support each other in future It is currently in the process of joint negotiations on the renewable energy and pipeline transportation businesses in the northern region that BAFS subsidiary is investing in. If the company is interested, BAFS can provide an opportunity for venture capital firms.
*** Sweeps the 2020 profit, touching 6.28 billion baht, growing 5.4%
RATCH reported its 2020 performance with a net profit of 6,286.68 million baht, an increase of 5.4% over the same period last year with a net profit of 5,963.28 million baht due to the recognition of an increase in profit sharing from joint ventures and associates. Including the Company Realize foreign exchange gains on stronger Australian dollars.
The company had total revenue of 16,155.92 million baht, an increase of 3.1% from the same period last year. As income from sales and services (Excluding fuel costs) 8,286.47 million baht, an increase of 5%, financial lease income of 2,553.21 million baht, a decrease of 12.7% and share of profit from investments in associates / joint ventures of 4,600.34 million baht, an increase of 15.9% and Management service income was 276.31 million baht, increasing 13.1%.
In addition, total costs and expenses were 10,173.66 million baht, an increase of 6.3% divided into cost of sales and services (excluding fuel costs) 6,862.62 million baht, an increase of 20.9% and administrative expenses of 1,601.09 million baht, a slight increase. Gain from changes in fair value of derivatives was 130.24 million baht and financial costs increased to 1,551.35 million baht.
As a result, EBITDA was 9,664.80 million baht, a decrease of 3.3%, with foreign exchange gain of 304.45 million baht, an increase of 329% from the same period last year when the exchange rate loss was 132.48 million baht.
*** Announcement of dividend payment of 1.25 baht / share
The meeting of the Board of Directors Approved the payment of dividend from the year 20 performance at the rate of 2.40 baht per share, with an interim dividend payment of 1.15 baht, remaining paid 1.25 baht / share, determining the non-eligible dividend (XD) date. 2 Mar. 64 and the dividend payment is scheduled on 23 Apr.
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