PTG sets a target of 2023 EBITDA oil sales volume growth of 8-12% in response to the recovery of the tourism sector, investing 5,000-6,000 million baht, focusing on the expansion of non-oil businesses and new businesses. push market share to reach 25% by 70 and set a target for Punthai Coffee Shop to join the stock market within 2025
Mr Pitak Ratchakitprakarn, CEO and President of PTG Energy Public Company Limited (PTG), revealed at the press conference “PTG Business Outlook: Driving For Tomorrow” that the company, for the 2023 action plan, is targeting EBITDA to be is Growing 8-12% from the previous year and targeting the volume of oil sales through all channels to grow 8-12% from the previous year due to the recovery of the tourism sector.
For the Non-Oil business, the gross profit margin is set at 20-30% of the total gross profit. Although the LPG business is still looking at gas sales volume growth at the level of 40-60%, it is seen that the LPG business continues to grow. Ready to move forward with increased focus on LPG in the household sector
For this year’s total investment budget is 5,000-6,000 million baht, most of which will be focused on new non-oil businesses. Divided into non-oil businesses about 2,000-2,500 baht and new businesses about 1,500-2,000 million baht, while the oil business will spend about 1,000-1,500 million baht.
Although the business plan is within the next 5 years (2023-2020), the company has set a goal of a Retail Oil Market Share of more than 25%, with more than 30 million Max Card members of’ r 19 million current members. And it is expected to increase to 21 million members this year, expanding 2,406 PT gas stations from the end of this year, it is expected to be at the level of 2,206 branches and Pun Thai Coffee branches to reach 5,000 branches, ready to develop and look at for startups To tap into the PTG ecosystem, create a seamless O2O experience, and use data to deliver End-to-End Personalization. which meets the needs of users
Mr Rangsan Puangprang, Executive Vice President of PTG Energy Public Company Limited (PTG), said that the company plans to list the Punthai coffee shop business on the Stock Exchange of Thailand (SET) within the year 68 after the current registration capital is about 1 billion baht
Regarding the progress of listing PPP Green Complex Public Company Limited or PPPGC on the Stock Exchange of Thailand (SET), it is expected to be traded on the stock market within this year. After the SEC has already approved the proposal In addition, it is preparing to file an LPG distribution business under Atlas Energy Company Limited, which expected to start seeing the filing with the SEC within the second quarter of 2023.
As for the Solar Rooftop project, it is an investment through PTG Green Energy Co, Ltd (PTGGE), which is currently in the process of investing and purchasing electricity in the form of a Private PPA with the company and will expand investment in the country and abroad in the future. Currently, this project has an investment value of 300 million baht and has a total capacity of 8.171 MW for both Phases 1-4. Currently, Phase 1 and 2 have already been installed. This year, there are plans to install an additional 6.291 MW, it is expected that the use of electricity will be reduced by 9.5 million units per year in 2024. And it is expected to reduce costs by 40-50 million baht, as well as reduce carbon dioxide emissions 4.237 million tonnes per year.
In addition, in the part of the waste-to-community power plant in Ban Phru Municipality, the size is 4.5 MW, this project will help strengthen the company’s renewable energy business and promote the environmental dimension. This is in line with the company’s ESG strategy, with an estimated project value of 1,000 million baht, construction is expected to start in the third quarter of 2023 and commercial operation (COD) in 2025.
