To be a leading value-oriented integrated energy company in Asia-Pacific

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Ratchaburi Electricity Generating Holding Public Company Limited is a leading Independent Power Producer in Thailand, with an ambitious vision aiming to be a leading value-oriented integrated energy company in Asia-Pacific. Founded on 7 March 2000, the Company has the issued and paid-up capital of THB14.5 billion and the Electricity Generating Authority of Thailand (EGAT) is its major shareholder with 45% equity stake. It is regarded as a listed company because of its securities registered in the Stock Exchange of Thailand under the trading symbol of “RATCH.”

Operated as a holding company, RATCH seeks to equity invest in core companies, subsidiaries, and/ or joint ventures, subject to its shareholding proportion. Its investment is mainly focused on fossil fuel power generation projects, renewable projects as well as businesses adjacent to electricity generation and energy both in Thailand and internationally. Its main incomes are in forms of dividend and profit sharing from invested companies.

As of February 2018, RATCH accounts the total equity installed capacity of 7,379.13 megawatts equivalent. Capacity of 6,495.51 megawatts equivalent has commercially been operated and 883.62 megawatts equivalent is under development and construction phases. At Present, RATCH’s operations are located in Thailand (5,187.21 megawatts equivalent), Lao PDR (1,121.81 megawatts capacity), Australia (693.08 megawatts capacity), China (236 megawatts capacity) and Indonesia (141.03 megawatts capacity).

For overall 2017 performance, RATCH realized 8.357-billion-baht earnings before interest expenses and tax, 46.438-billion-baht revenues, and 15.094-billion-baht revenues excluding the energy payment. The availability payment income from Ratchaburi and Tri Energy power plants as well as the profit sharing from Hongsa power plant rose significantly. Considering revenue structure in 2017, there are three main sources, including revenues from sale and service as well as financial lease of 70.6% of total revenues, profit sharing from joint ventures of 24.9% and interest income and others of 4.5%.

For the financial position as of December 31, 2017, the company recorded the total asset of 94.225 billion baht, the liabilities of 30.944 billion baht, the shareholders’ equity of 63.281 billion baht, cash and investment of 10.011 billion baht and the retained earnings of 51.452 billion baht.