Analyst Meeting Year End 2023
4 March 2024
Agenda
1
2
3
4
RATCH
Highlights
Project
Progress
Group
Performance
Financial
Performance
5 Appendix
Financial Highlights
EBITDA
14,124 Million Baht (10.2 % YoY)
Total Revenue
50,648 Million Baht
Finance Performance (12 Months)
Financial Position Financialas of ratios 31 December 2023
Normal Profit
5,034 Million Baht (-13.4% YoY)
Net Profit
5,167 Million Baht (-10.6% YoY)
Liabilities | Equity |
106,346 | 107,133 |
Million Baht | Million Baht |
Assets
213,479 Million Baht
Debt to Equity | ROE |
0.99 (times) | 5.14 (%) |
Power
Business
48,275
Million Baht
(95%)
Revenue
Generating
from
Renewable
Power Plants
15%
Non-Power
Business
2,373
Million Baht
(5%)
Revenue
Generating
from
Conventional
Power Plants
85%
3
Business Highlights
Establishment of Xekong 4 Power Company Limited on 7 December 2024 and signing PPA on 25 December 2024
Lao World | |||
Engineering and | |||
Construction Co., | |||
Ltd. | |||
60% | 20% | 20% | |
Xekong 4
Power Co., Ltd.
("XK4")
Xekong 4 PowerCo., Ltd. :
Registered capital: LAK 16,383
million
RATCH's proportion: LAK 9,829.80
million (approx. Baht 16.7 million) Objective: To develop and operate the Xekong 4A and 4B Hydroelectric Power Projects
Xekong 4A and 4B Hydroelectric Power Projects:
Installed Capacity : 355 MW
Location: Xekong Province, Lao PDR
PPA: 27-year PPA with EGAT
Expected COD: 2033
4
Business Highlights
Signing 25-year PPA for Solarist
Thungfai Company Limited
Solarist Thungfai Company Limited,
a subsidiary of Sahacogen (Chonburi) Public Company Limited (SCG) in which RATCH has
51.67% stake.
Developing a solar project with contracted capacity of 27 MW in Lampang.
Expected COD in 2030.
Receiving a Feed-in-Tariff (FiT) rate of THB
2.1679 per kilowatt-hourthroughout the
contract term.
5
Business Highlights
Signing a Shareholders Agreement with Principal Healthcare to invest in a secondary care private hospital "PRINC Mukdahan Hospital"
PRINC Mukdahan Hospital: | |
A secondary private hospital with | |
10% | 59 beds. |
25%
75%
Principal Healthcare -
Mukdahan
Company Limited
("PMDH")
Objective: To expand investment network for the private hospital service business in upper northeast region, in line with the previous investment - PRINC Sakon Nakhon Hospital
Expected to complete the construction: 4Q/2024
6
Business Highlights
Purchasing shares to invest in Minh Luong Hydroelectric Power Plant in Vietnam
49%
Nexif Ratch Energy Investments Pte. Ltd.
("NREI")
100%
USD 25 million (approx. Baht 860 million.)
Minh Luong
Hydroelectric
Power Plant
Minh Luong Hydroelectric Power Plant
- Location: Lao Cai province in North West of Vietnam
- Capacity: 30 MW
- Attributable capacity: 14.7 MW
-
PPA: 20-year PPA with
Vietnam Electricity Authority
COD: April 2018
7
Business Highlights
MRT Pink Line Project received Substantial Commissioning Certificate on December 31, 2023.
Routes
Concession Period Concessioner
RATCH's stake Trial Run
COD
Khaerai-Min Buri,
34.5 km. 30 Stations
30 Years from COD
Mass Rapid Transit
Authority of Thailand
10%
21 November 2023
31 December 2023
Business Highlights
Hin Kong Power Plant Project
Hin Kong Power Holding Company Limited ("HKH") has been granted an LNG shipper license to import LNG in the amount of 1.4
million tons per annum (MTPA).
- RATCH's stake in HKH: 51%
-
HKH entered into a short-term LNG Supply Agreement with
Gunvor Singapore Pte. Ltd. ("Gunvor") - Gunvor will supply approximately 0.5 MTPA of LNG to HKH.
- On 28 February 2024, HKH successfully imported the firstLNG shipment of approximately 62,000 tonnes in preparation for the commercial operation of Hin Kong Combined-Cycle Power Plant Unit 1 (contracted capacity of 700 MW). This marks HKH as the first private companyin Thailand to initiate LNG imports.
- On 1 March, 2024, Hin Kong Combined-CyclePower Plant Unit 1
has commenced the operation. | 9 |
RATCH's Power Plant Portfolio
Renewable Energy
27.4%
2,973.88
Conventional
72.6%
10,848 7,874.12
MW
Laos
751.20 MW
669.10 MW
1,420.30 MW Total
(13.09%)
Thailand
5,396.34 MW
108.71 MW
5,505.05 MW Total
(50.75%)
Vietnam
136.71 MW
129.48 MW
266.19 MW Total
(2.45%)
Japan
2.02 MW
(0.02%)
Philippines
549.83 MW
(5.07%)
Australia
Indonesia
886.67 MW
123.05 MW
1,009.72 MW Total
(9.31%)
As of February 2024
703.20 MW
1,391.69 MW
2,094.89 MW Total
(19.31%)
10
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Disclaimer
Ratchaburi Electricity Generating Holding pcl published this content on 04 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2024 06:44:01 UTC.