Banpu Public Co. Ltd.

In the news

Thai coal major Banpu buys US shale gas assets for $770m Dec 19, 2019
Asian stocks rise, with trade and Hong Kong unrest watched Nov 12, 2019
Southeast Asia's energy majors pivot sharply to green power Apr 15, 2019
Thailand's Banpu sees a bright future in solar business Apr 5, 2018
Asia Inc. comes roaring back in 2017 Mar 16, 2018

See more articles on Banpu Public Co. Ltd.

Company Background

Banpu is one of the largest coal miners in Southeast Asia. It owns stakes in more than 20 coal assets around the world, including Indonesia, Australia, Mongolia and China. Its coal mining operations in Thailand have been closed due to depletion. It has diversified into coal-fired power generation since 1993 and operates power plants in and outside of Thailand. It is expecting to start operations of the Hongsa power plant in Laos in 2015, through a joint venture with independent power producer Ratchaburi Electricity Generating Holding and Lao Holding State Enterprise.

CEO Chanin Vongkusolkit founded Banpu in 1983 as a coal-mining venture in Thailand with the Auapinyakul family. Chanin is the youngest son of the Vongkusolkit family that runs Thailand's largest sugar producer, Mitr Phol Sugar. He decided to start a different business of his own. Banpu was listed on the Thai bourse in 1989. Mitr Phol is its second-largest shareholder with a more than 5% stake.

Banpu controls a roughly 15% stake in Ratchaburi Electricity Generating Holding, which was spun off from state-owned electricity giant Electricity Generating Authority of Thailand.

Business Summary

Banpu Public Co. Ltd. engages in the generation and distribution of electric energy. Its projects include coal mining operations, power generation, and alternative energy production. The company was founded Metee Auapinyakul and Ongart Auapinyakul on May 16, 1983 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2019	THB	USD
Revenue	85,717.84M	2,761.10M
Gross Profit	21,981.11M	708.04M
Operating income	8,170.83M	263.19M
Income before tax	-2,724.18M	-87.75M
Net income	-552.86M	-17.80M
EBITDA	38,988.35M	1,255.87M
Diluted EPS	-0.10	-0.00
Dividends Per Share	0.60	0.01
Total Assets	257,588.80M	8,599.55M
Total liabilities	167,107.96M	5,578.86M
Total equity	72,194.58M	2,410.20M
Operating cash flow	17,028.43M	548.51M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	84,649.68M	79,737.47M	97,323.75M	112,770.51M	85,717.84M
Gross Profit	27,461.76M	26,413.16M	37,531.39M	39,809.64M	21,981.11M
Operating income	13,904.03M	14,396.94M	24,791.68M	26,250.34M	8,170.83M
Income before tax	955.78M	1,694.01M	9,173.97M	7,846.07M	-2,724.18M
Net income	-1,534.24M	1,677.11M	7,900.24M	6,693.73M	-552.86M
EBITDA	43,092.39M	37,190.04M	52,662.10M	55,620.95M	38,988.35M
Diluted EPS	-0.44	0.45	1.53	1.29	-0.10
Dividends Per Share	0.75	0.50	0.65	0.70	0.60
Total Assets	236,484.81M	249,849.88M	268,751.36M	274,317.39M	257,588.80M
Total liabilities	161,955.84M	151,747.43M	163,822.09M	171,304.58M	167,107.96M
Total equity	63,206.92M	78,875.00M	85,314.88M	83,060.46M	72,194.58M
Operating cash flow	10,770.23M	20,868.73M	12,117.52M	18,523.07M	17,028.43M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	2,469.89M	2,260.09M	2,868.07M	3,488.40M	2,761.10M
Gross Profit	801.27M	748.66M	1,106.02M	1,231.45M	708.04M
Operating income	405.68M	408.06M	730.59M	812.01M	263.19M
Income before tax	27.88M	48.01M	270.35M	242.70M	-87.75M
Net income	-44.76M	47.53M	232.81M	207.06M	-17.80M
EBITDA	1,257.34M	1,054.12M	1,551.91M	1,720.55M	1,255.87M
Diluted EPS	-0.01	0.01	0.04	0.04	-0.00
Dividends Per Share	0.02	0.01	0.01	0.02	0.01
Total Assets	6,571.76M	6,977.00M	8,246.43M	8,424.98M	8,599.55M
Total liabilities	4,500.64M	4,237.51M	5,026.75M	5,261.19M	5,578.86M
Total equity	1,756.47M	2,202.56M	2,617.82M	2,550.99M	2,410.20M
Operating cash flow	314.25M	591.50M	357.09M	572.98M	548.51M

Valuation Measures

Dec 2019
PER	--
ROA	-0.20%
ROE	-0.71%
Operating margin	9.53%
Profit margin	-0.64%

Key executives

Chairman & President: Chanin Vongkusolkit
Chief Executive Officer & Director: Somruedee Chaimongkol
Chief Operating Officer: Sutee Sukruan
Chief Financial Officer: Peter Parry
Deputy CEO-Strategy & Business Development: Akaraphong Dayananda

Shareholders

VONGKUSOLKIT FAMILY (10.4%)
Social Security Office of Thailand (2.8%)
VONGKUSOLKIT ISARA (2.2%)
VONGKUSOLKIT KAMOL (1.8%)
Banpu Public Co. Ltd. (1.6%)
TANGMATITHAM PRATEEP (1.0%)
VONGKUSOLKIT VITOON (0.9%)
WONGKUTSALAKIT SUPHAWI (0.7%)
Dimensional Fund Advisors LP (0.7%)
VONGKUSOLKIT LUCKSAMEE (0.6%)

Contact Details

Website:http://www.banpu.com
Address: Thanapoom Tower, 1550 New Petchburi Road, Bangkok, 10400, Thailand
Phone: +66.2.694.6600

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Last Updated on 25 May, 2020