Banpu Public Company Limited is an international energy leader. The 2020 business performance report showed total sales and service revenue of 68,575 million baht, a 17% drop from the previous year, with a net loss of 1,682 million baht, due to the drop in coal and natural gas prices.
Along with presenting a new five-year business plan for the years 2021 – 2025 that continues and extends the strategy. Greener & Smarter Bringing technology and digital toolsSpeeding up the transition processThroughout the organization Expand growth towards clean energy to support future trends. Aiming to provide total energy solutions with a robust business ecosystem. To create sustainable energy for the world
Mrs. Somrudee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited Revealed, “Energy business performance in 2020 reflects the challenges of the COVID-19 crisis. Which clearly affects the global economy and all industrial sectors As a whole, global demand for energy has declined as a whole. However, we can continue to adapt our business strategies and practices to cope with changing conditions. And in line with the new world in the Never Normal era and also achieved satisfactory progress in the Banpu Transformation. To transform the organization towards the goal of energy sustainability In terms of increasing the portfolio of clean energy and smart Through Banpu Next Co., Ltd. Aiming to grow the business in response to the energy trends of the future world. Supporting production and use of clean energy And organizational transformation to the digital age (Digital Transformation).Smart use of innovation and technology ”
3 axis business plan
Acceleration – Accelerate growth according to the Greener & Smarter strategy in 4 main businesses: natural gas business, mining business, power generation business. And energy technology business
Antifragile – Cope with changes and the global economic cycle through a comprehensive portfolio of energy solutions. By spreading the risk And seize new business opportunities
Augmentation – Extend current business ecosystem and energy expertise to expand new business opportunities To generate income All of which will speed up the transition to a faster and more sustainable energy portfolio and energy technologies that align with future energy trends.
3 main business lines
Energy business group On the sideNatural gas business Will focus on buildingHighest efficiency It will maintain production capacityApproximately 700 Cubic foot equivalent of natural gas per day Including to seize the opportunity when the gas price situation is rising With investment hedging insurance (Hedging) And create flexibility in investment budget (CAPEX Flexibility) Mining business Focus on generating cash flow during high coal prices Manage costs and increase production efficiency through digital technology. As well as increasing the purchase of coal from other producers (Coal Trading) To be able to deliver products to meet the different needs of each customer.
Power Generation Business Focus on stabilizing the operation of all power plants as well.Availability Index (Equivalent Availability Factor (EAF) is high and continues to launch commercial operations of power plants as planned, and aims to continuously expand the capacity of current power plants in accordance with the Greener & Smarter strategy in China, Japan and Vietnam. Future actions will focus on additional investments in natural gas power plants. Renewable energy power plant And expand investment into new markets with high growth potential, such as in the United States And Southeast Asia
Energy Technology Business Group Focus on buildingExponential growth (Scale Up) expand the ecosystem of energy technology businesses to seize business opportunities from new energy trends, includingHighlights of being a smart provider of clean energy solutions with integrated digital technology in the power generation business fromSolar Rooftops Large renewable energy power plant business (Renewable Energy Power Plant) Energy storage system business (Energy Storage System or ESS) Electric vehicle business (Electric Vehicle or EV) Smart City Business andPower trading platform business (Energy Trading)
“In the Never Normal world, we are moving forward for growth.thatAiming to offer a complete range of energy solutions Must keep up with market and consumer behavior As well as the energy trends of the future world that are changing rapidly At the same time, we have to stand up to the challenges that cannot be expected five years from now. We aim that by 2025, EBITDA from Banpu’s clean energy and energy technology businesses will be Will account for up to 50% in order to continue strong in the long run toSustainable Energy Future (Smarter Energy for Sustainability)” Mrs. Somrudee Conclude
For the whole year 2020, Banpu had total sales and service revenues of US $ 2,283 million (approximately 68,575 million baht), a decrease of 476 million US dollars (approximately 14,298 million baht), or 17 percent. Profit before taxes, interest, depreciation and amortization expenses (EBITDA) totaled US $ 563 million (approximately THB 16,910 million), a 20% decrease from the previous year. This was due to the falling coal and natural gas prices. And reported a net loss of USD 56 million (approximately 1,682 million baht).
