2023-05-12 05:33:48
Mrs. Somruedee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited (BANPU), revealed the operating results for the first quarter of 2023 with total sales revenue of US$ 1,312 million (approximately 44,489 million baht), an increase of US$ 56 million (approximately 2,989 million baht), or an increase of 4% compared to the same quarter last year.
While earnings before interest, taxes, depreciation and amortization (EBITDA) totaled US$ 467 million (approximately 15,837 million baht), a decrease of 22% from the previous year. The company was still able to generate good cash flow. as a result of its ability to manage assets and projects to operate continuously On flexibility, flexibility amid fluctuations in energy prices. Continue to create sustainable growth according to the Greener & Smarter strategy.
As for the net profit in the first quarter of 2023, it was 4.99 billion baht from the same period last year with a net profit of 10.3 billion baht.
The operating results of the 3 main business groups in the first quarter of 2023 are as follows:
- The Energy Resources and Mining Businesses maintained their ability to generate good cash flow from operations. natural gas business Take measures to ensure efficient production. To maintain the ability to continuously generate income and cash flow. cost control Using financial instruments to hedge against volatile natural gas prices Because the weather in the United States is not as cold as expected.
- Energy Generation Business Group Thermal power generation business Still maintain good production efficiency as planned. Especially HPC power plants in Lao PDR can have EAF availability as high as 96%. able to generate profits despite the impact of higher fuel costs Business of electricity generation from renewable energy Solar power plants in China, Japan and Australia. Good performance due to favorable weather conditions and has a high light intensity value
- Energy Technology Business Group Create exponential growth By expanding its solar rooftop and floating solar business in various countries in Asia Pacific. Total installed capacity of 217 megawatts Expand energy storage system business In a large battery farm project with a capacity of 58 MW in Tono City, Iwate Prefecture in Japan, it is expected to start commercial operation in 2025, increasing its investment in Durapower from 47.7% to 65.1% and invested in Green Li-on, a technology provider for recycling lithium-ion batteries. and investing under the e-Mobility business in Oyika (Oyika), a provider of battery replacement solutions for electric motorcycles. which has services covering many countries in Southeast Asia
“This quarter, Banpu is making progress in the energy technology business group. This includes an increase in Durapower’s stake to 65.1% and an investment in a large-scale battery farm project, Iwate Tono, with a total energy storage capacity of 58 MWh. This project is supported by the Japanese government to meet its zero-carbon goal. It has also invested in a lithium-ion battery recycling technology service company. and battery switching solutions for electric motorcycles.
Expansion of growth in both energy storage business and the mobility business This is considered an important move of Banpu this time. It will strengthen Banpu’s ecosystem in the Asia-Pacific region and is a guarantee that demonstrates continued growth and expansion of the flagship company’s value chain, Banpu Next, which will create added value for Banpu. Banpu is sustainable in the long term,” said Mrs. Somruedee.
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