Page 110 - BTSGroup ONE REPORT 2021/22_EN

108 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

FY 2021/22 Operational Performance

Operating Revenue FY 2021/22 % of Total FY 2020/21 % of Total % Change (YoY) FY 2021/22 FY 2020/21
(THB mn) GP margin (%) GP margin (%)
MOVE 20,873 81% 31,401 90% (34)% 23.1% 17.0%
MIX 4,298 17% 2,614 7% 64% 24.0% 42.3%
MATCH 652 3% 923 3% (29)% N.A. N.A.
Total 25,823 100% 34,938 100% (26)% 22.2% 18.1%

Total operating revenue in FY 2021/22 was THB 25,823mn, decreasing by Total operating costs dropped in line with the decrease in total operating
26.1% YoY or THB 9,115mn. Revenues from the MOVE, MIX and MATCH revenue, dropping by THB 8,524mn or 29.8% YoY to THB 20,083mn.
businesses accounted for 81%, 17% and 3% of total operating revenue, The decrease was primarily from lower recognition of construction costs of
respectively. The decline in operating revenue of THB 10,527mn or 33.5% YoY the Pink and Yellow Lines, and the services cost for the provision of E&M
to THB 20,873mn was predominantly due to lower MOVE revenue, chiefly from works and the train procurement service for the aforementioned Green Line
reduced recognition of services revenue for the provision of E&M works and extensions.
the train procurement service for the Northern Green Line extension (as we
entered the tail-end of development) as well as a lower construction revenue Operating Gross Profit was THB 5,740mn, decreasing by THB 591mn or
for the Pink and Yellow Lines. Nonetheless, the decline in operating revenue 9.3% YoY. The operating gross profit margin in FY 2021/22 was 22.2%, increasing
was partly offset by higher MIX revenue and increased O&M revenue. from 18.1% in FY 2020/21 due to higher operating gross profit margin from
MOVE business.

Segmental Performance

MOVE Business

MOVE Revenue (THB bn) FY 2021/22 % of Total FY 2020/21 % of Total % Change (YoY)
Development of new lines 14.6 70% 25.4 81% (43)%
New Green Line extensions 2 0.7 3% 6.0 19% (89)%
Pink and Yellow Lines 3 13.9 67% 19.4 62% (28)%
O&M 4 6.3 30% 5.3 17% 18%
Others 5 0.0 0% 0.7 2% (97)%
Total 20.9 100% 31.4 100% (34)%
2 Services Income from the provision of E&M works and the train procurement service for the Southern and Northern Green Line extensions
3 Construction revenue for the Pink and Yellow Lines
4 Operating and Maintenance revenue for Green Line extensions and Gold Line Phase 1
5 Consists of Services Income from the provision of E&M works and the train procurement service for the Gold Line Phase 1 and farebox revenue from BRT