Banpu Public Company Limited (SET: BANPU) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million USD |
0.30 | -0.06 |
| Earning Per Share (USD) | 0.05 | -0.01 |
BANPU reported a turnaround performance of 2021 with net profit of USD 304 million which included the exchange rate translation gain of USD 74 million from the THB depreciation against USD. The increase in net profit was also mainly due to an increase in coal and natural gas prices that support overall group performance.
The 3 core businesses reported strong operational cash flow with EBITDA of USD 1,778 million significantly improved by 216% from previous year. EBITDA from coal of USD 1,169 million (+243YoY), EBITDA from gas was USD 508 million (+848%YoY) EBITDA from Power business of USD 109 million (- 34%YoY) and EBITDA from Energy Technology of USD (-8) million.
The performance improvement was mainly driven by the surge in Global energy prices during 2021 driven by the demand for natural gas and coal that has rebounded as the global economy recovered, leading to an increase in demand for both electricity generation and industrial use. While supply of both coal and gas from major producing countries has faced several constraints from adverse weather events and some was affected by policies, which has impacted seaborne international trade. The commodity price therefore remains at a high level.
Sales reported at $4,124 million (equivalent to THB 133,190 million), increased by $1,841 million compared to 2020. An increase of sales $1,031 million derived from coal businesses, $ 771 million from natural gas business, and $47 from power and steam business and others.
Coal sales of $2,909 million, increased by $1,031 million or 55% was a result of an increase in average selling price by $36.98 per tonne or 68% and a decrease in sales volume by 2.76 million tonnes, whereas an increase in cost of sales by 20% compared to 2020.
In addition, the Board of Directors approved a dividend payment of THB0.25 per share to be paid on 29 April 2022. The ex-dividend date is 8 April 2022.
