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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 2019 THBUSD
Revenue85,717.84M2,761.10M
Gross Profit21,981.11M708.04M
Operating income8,170.83M263.19M
Income before tax-2,724.18M-87.75M
Net income-552.86M-17.80M
EBITDA38,988.35M1,255.87M
Diluted EPS-0.10-0.00
Dividends Per Share0.600.01
Total Assets257,588.80M8,599.55M
Total liabilities167,107.96M5,578.86M
Total equity72,194.58M2,410.20M
Operating cash flow17,028.43M548.51M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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 margin9.53%
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

Related Companies

  • 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.
  • Gulf Energy Development Public Company Limited
  • PT Indika Energy Tbk
  • PT Adaro Energy Tbk
  • Glencore plc
  • Royal Dutch Shell Plc Class B
  • Ratch Group Public Co. Ltd.
  • Electricity Generating Public Co., Ltd.
  • Total SA
  • Yancoal Australia Ltd.
  • Global Power Synergy Public Company Ltd
  • Southwestern Energy Company
  • PT Bukit Asam Tbk
  • Equinor ASA
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Asia Green Energy PCL
  • Antero Resources Corporation
  • PT Bayan Resources Tbk
  • PT Bumi Resources Tbk Class A
  • PT Golden Energy Mines Tbk
  • Range Resources Corporation
  • Chesapeake Energy Corporation
  • Gulfport Energy Corporation
  • CNX Resources Corporation
  • National Fuel Gas Company
  • EOG Resources, Inc.
  • Anglo American plc
  • Occidental Petroleum Corporation
  • Apache Corporation
Last Updated on 25 May, 2020

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