Page 15 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 1.3 Message from the Chairman 13
Annual Report 2021/22

Key Financial Highlights and Business Limited and Nation International Edutainment Public and the sourcing of 10% of total electricity
Developments Company Limited; the key piece in cementing VGI’s consumption from RE sources. Our sustainability
ecosystem. With a more pronounced presence in endeavours have also been ranked #1 globally in
In FY 2021/22, the Group reported revenues of THB Distribution, VGI intends to provide more compelling the Dow Jones Sustainability Index in the Transportation
31.2bn (decreasing 26% YoY) as we move towards value to its customer brands, as well as the customers Sector. With that said, I am also pleased to share
the culmination of the development of the Pink and they serve. that BTS Group issued its first Sustainability-Linked
Yellow Lines. The Group’s EBITDA margin stood at Bonds in 2022 amounting to THB 11bn, providing
31.4% (compared with 25.2% YoY) and reported net In MATCH, the Group saw a turnaround in share of investors the opportunity to collectively support
profit was THB 3.8bn. Our balance sheet remained profit from investments in U City to THB 220mn the transition towards sustainable financing.
strong with cash and liquid investments of THB 19.2bn stemming from the unrealised gain of recognition of
and assets growing to THB 256bn as of 31 March investments in Jaymart and Singer Thailand Public In Moments of Crisis, There are Always
2022 (up 21%). Company Limited. In order for us to maintain Moments of Opportunity
the momentum of our ongoing success, our MATCH
Our MOVE business exhibited resilience from the business partnered up with numerous companies Regardless of the COVID-19 pandemic’s persistence,
growth of its Rail Mass Transit O&M revenue, increasing this year, including Advanced Life Assurance (A LIFE, we are now seeing steep improvements in ridership
by 18% to THB 6.3bn this year, due to the increase subsequently rebranded to Rabbit Life), together with trends and expect the number of rail and non-rail
in the operating fee of the existing Northern and both Jaymart and Singer. I truly believe investments passengers to reach up to 3mn over the course of three
Southern Green Line extensions. We continued our within these companies, will generate positive returns years. Additionally, with the arrival of our Pink and
rail expansion with the development of our Pink and along with strong earnings as they leverage, synergise Yellow Lines, we are aiming to increase accessibility
Yellow lines and anticipate the entire operations and capitalise off our established MOVE and MIX to local Thai citizens, ultimately contributing to
to fully commence next year, contributing another proprietary platforms. the country’s sustainable social-economic growth.
65km or 53 stations to our urban rail network. On behalf of the Board of Directors, I owe all of BTS’
For our non-rail business, construction of the two Enabling the Transition to a Low-Carbon accomplishments to our committed hard-working
inter-city motorway projects (under the responsibility Economy employees and management.
of the private sector) commenced at the start of I would also like to take this time to extend my
this year, and commercial operations are expected At BTS Group, our sustainability commitments remain wholehearted gratitude to our shareholders and
to finalise within the coming years. paramount, enabling the transition to a Low-Carbon
Economy. We take great pride in being the first and stakeholders for believing in BTS Group as we
In our MIX business, out of THB 4.3bn total MIX only carbon neutral rail transportation company continue to strive towards many prosperous years
revenue, THB 1.5bn was contributed from the in the world. Going into FY 2021/22, we have refined ahead.
distribution platform of Fanslink Communication our long-term climate strategy – to remain carbon
Company Limited, whose revenues were consolidated neutral and secure at least 10% Renewable Energy
since August 2021. Additionally, we pursued strategic (RE) consumption in our operations. BTS Group
Mr. Keeree Kanjanapas
expansions this year to reinforce VGI’s business successfully continued to preserve our carbon neutral Chairman of the Board of Directors/
platforms of Advertising, Payments and Distribution status through improved energy efficiency initiatives, Chairman of the Executive Committee/
through investments in Jay Mart Public Company the continuation of our carbon credit offset programme Chairman of the Sustainability Committee