Page 117 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 4.4 Management Discussion and Analysis 115
Annual Report 2021/22

Business Targets Assessment in FY 2021/22

MOVE (Rail Business) FY 2021/22 Targets Results
Construction revenue for Pink and Yellow Lines
Despite the continued COVID-19 pandemic, the Company continued to recognise THB 13.9bn construction THB 14.0bn THB 13.9bn
revenue for the Pink and Yellow Lines in FY 2021/22. Slightly below target

Revenue from E&M provision and train procurement for Green Line extensions
Revenue from provision of Electrical and Mechanical (E&M) works and train procurement service for THB 1.0bn THB 0.7bn
Green Line extensions this year, was below the target at THB 0.7bn. Below target

Mass transit related interest income
Mass Transit related interested income of THB 3.4bn was recognised in FY 2021/22, exceeding its target. THB 3.3bn THB 3.4bn
Targets exceeded
Train O&M revenue
Operating and Maintenance (O&M) revenue increased 18% YoY or THB 0.97bn to THB 6.3bn, successfully
met the target this year, attributed by (i) full-year recognition of the full operation of the Northern Green Line THB 6.3bn THB 6.3bn
extension and (ii) the contractually agreed increase in the operating fee of the existing Green Line extensions Targets met
and the Southern Green Line extension.

FY 2022/23 Business Outlook

MOVE (Rail Business) Targets
Construction revenue for Pink and Yellow Lines
In FY 2022/23, we expect to continue recognising revenue from construction of the Pink and Yellow Lines of THB 6.2bn. THB 6.2bn
Mass transit related interest income
We also expect to recognise interest income related to Green Line extension, Pink and Yellow Lines of THB 4.0bn in FY 2022/23. THB 4.0bn
Train O&M revenue
The Operating and Maintenance (O&M) revenue in FY 2022/23 was targeted at THB 6.7bn THB 6.7bn

MIX (VGI) Targets
VGI forecasts a revenue target of THB 6.5 - 7.0bn and net profit margin in the range of 5 - 10%. THB 6.5 - 7.0bn (VGI Revenue)
5 - 10% (NPAT margin)