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Energy Minerals

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 2020 THBUSD
Revenue71,331.75M2,279.32M
Gross Profit14,342.13M458.28M
Operating income2,922.99M93.40M
Income before tax-4,538.36M-145.01M
Net income-1,786.31M-57.07M
EBITDA29,398.12M939.38M
Diluted EPS-0.29-0.00
Dividends Per Share0.250.00
Total Assets281,647.62M9,400.78M
Total liabilities197,092.36M6,578.51M
Total equity62,343.95M2,080.90M
Operating cash flow8,513.91M272.05M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 79,737.47M 97,323.75M 112,770.51M 85,717.84M 71,331.75M
Gross Profit 26,413.16M 37,531.39M 39,809.64M 21,981.11M 14,342.13M
Operating income 14,396.94M 24,791.68M 26,250.34M 8,395.98M 2,922.99M
Income before tax 1,694.01M 9,173.97M 7,846.07M -2,499.04M -4,538.36M
Net income 1,677.11M 7,900.24M 6,693.73M -395.26M -1,786.31M
EBITDA 37,190.04M 52,662.10M 55,620.95M 40,086.24M 29,398.12M
Diluted EPS 0.37 1.29 1.09 -0.06 -0.29
Dividends Per Share 0.42 0.54 0.58 0.50 0.25
Total Assets 249,849.88M 268,751.36M 274,317.39M 243,312.10M 281,647.62M
Total liabilities 151,747.43M 163,822.09M 171,304.58M 163,858.84M 197,092.36M
Total equity 78,875.00M 85,314.88M 83,060.46M 61,166.99M 62,343.95M
Operating cash flow 20,868.73M 12,117.52M 18,523.07M 17,028.43M 8,513.91M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 2,260.09M 2,868.07M 3,488.40M 2,761.10M 2,279.32M
Gross Profit 748.66M 1,106.02M 1,231.45M 708.04M 458.28M
Operating income 408.06M 730.59M 812.01M 270.44M 93.40M
Income before tax 48.01M 270.35M 242.70M -80.49M -145.01M
Net income 47.53M 232.81M 207.06M -12.73M -57.07M
EBITDA 1,054.12M 1,551.91M 1,720.55M 1,291.23M 939.38M
Diluted EPS 0.01 0.03 0.03 -0.00 -0.00
Dividends Per Share 0.01 0.01 0.01 0.01 0.00
Total Assets 6,977.00M 8,246.43M 8,424.98M 8,122.92M 9,400.78M
Total liabilities 4,237.51M 5,026.75M 5,261.19M 5,470.39M 6,578.51M
Total equity 2,202.56M 2,617.82M 2,550.99M 2,042.04M 2,080.90M
Operating cash flow 591.50M 357.09M 572.98M 548.51M 272.05M

Valuation Measures

Dec 2020
PER--
ROA-0.68%
ROE-2.89%
Operating margin4.09%
Profit margin-2.50%

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 (9.4%)
  • Social Security Office of Thailand (2.5%)
  • VONGKUSOLKIT ISARA (2.0%)
  • VONGKUSOLKIT KAMOL (1.6%)
  • Banpu Public Co. Ltd. (1.5%)
  • TANGMATITHAM PRATEEP (0.9%)
  • VONGKUSOLKIT VITOON (0.8%)
  • WONGKUTSALAKIT SUPHAWI (0.7%)
  • Dimensional Fund Advisors LP (0.6%)
  • 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

Related Companies

  • Banpu Investment (China) Ltd.
  • BPPR Co., Ltd.
  • BPPR Japan Co., Ltd.
  • Banpu Energy Services (Thailand) Co., Ltd.
  • Banpu Engineering Services Co., Ltd.
  • BRE Singapore Pte Ltd.
  • Mineral Resources Development Co. Ltd. (Thailand)
  • Banpu Infinergy Co. Ltd.
  • AACI SAADEC (BVI) Holdings Ltd.
  • Banpu Power Investment Co. Ltd.
  • Banpu Power Development Co. Ltd.
  • Banpu International Ltd.
  • Banpu Singapore Pte Ltd.
  • Hunnu Coal Ltd.
  • Banpu Power Public Co. Ltd.
  • BP Overseas Development Co. Ltd.
  • Banpu Coal Power Ltd.
  • PT Nusantara Thai Mining Services
  • Banpu China Pte Ltd.
  • Banpu Power Vietnam
  • Amata Power (Bienhua)
  • PT Indo Tambangraya Megah Tbk
  • PT Indominco Mandiri
  • Banpu Minerals Co. Ltd.
  • Centennial Coal Co. Ltd.

Competitors

  • Lanna Resources Public Co., Ltd.
  • Electricity Generating Public Co., Ltd.
  • Gulf Energy Development Public Company Limited
  • Ratch Group Public Co. Ltd.
  • Glencore plc
  • Yancoal Australia Ltd.
  • Global Power Synergy Public Company Ltd
  • Repsol SA
  • PT Golden Energy Mines Tbk
  • Southwestern Energy Company
  • Chesapeake Energy Corporation
  • PT Bumi Resources Tbk Class A
  • National Fuel Gas Company
  • PT Bukit Asam Tbk
  • PT Adaro Energy Tbk
  • Asia Green Energy PCL
  • Cabot Energy Limited
  • Devon Energy Corporation
  • PT Bayan Resources Tbk
  • PT Indika Energy Tbk
  • Siam Cement Public Co. Ltd.
Last Updated on 15 Sep, 2021

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