FAQ

1. What is RATCH vision ?

To become a leading value-oriented energy and infrastructure company in Asia Pacific.

2. What is RATCH mission?

The Company’s mission can be categorized into 6 aspects:

• M1	To ensue shareholders’value creation by generating financial returns with accountable for environment, society and corporate governance.

• M2	To achieve world-class operational excellence and enhance competitiveness.

• M3	To seek new opportunities and alternatives in related and other businesses to generate growth and expand business base for shareholders

• M4	To conduct business in a fair and sustainable manner and comply with all related laws and regulations

• M5	To support long-term domestic energy security and infrastructure

• M6	To raise employees’ awareness and motivation of self-development in preparation for future business competition and changes

3. What is RATCH strategies?

The Company’s strategies can be categorized into 3-G strategy:

• G 1 Growth       - Strive for business expansion and future value creation
• G 2 Green          - Expand renewable energy business together with enhancement across Environment,                                         Social and Governance (ESG) aspect
• G 3 Generate   - Generate satisfactory return from diversified portfolio through operational excellence

4. Nature of Business Operations

RATCH Group PCL is one of the largest electricity generating companies in Thailand. The Company was established on March 7, 2000, with the registered capital of 14,500 million Baht. It was listed on the Stock Exchange of Thailand on November 2, 2000, with the Electricity Generating Authority of Thailand (EGAT) as the major shareholder of 45%. The Company had been operating under the name “Ratchaburi Electricity Generating Holding PCL”, with the trading symbol “RATCH”, before changing the name on 19 April 2019 to RATCH Group PCL and operates as a holding company, with the objective of investing in equity of other companies operating diverse businesses in Thailand and overseas. The investment portfolio of the Company can be categorized into 4 types; power generation, infrastructure business, electricity and energy-related business and healthcare business.

5. Power Generation Business and Business of RATCH

The investment portfolio of the Company can be categorized into 4 types: power generation and infrastructure business, electricity and energy-related business and healthcare business;

• Power Generation Business

  Domestic power plants that have already commenced the commercial operations comprising:

  Power Plants in Thailand

  Fossil Fuel Power Plants

  • Ratchaburi Power Plant
  • Ratchaburi Power’s Power Plant
  • Ratchaburi World SPP Power Plant
  • Nava Nakorn SPP Power Plant
  • Berkprai Cogeneration SPP Power Plant
  • RATCH Cogeneration SPP Power Plant
  • Sahacogen (Chonburi) Public Company Limited (SCG)
  • Power Plants under Sahacogen Group
  • SCG has interests in the following 3 companies.
    • Sahacogen Green Company Limited (“SGN”) (99.99 percent shareholding)
    • Saha Green Forest Company Limited (“SGF”) (75.00 percent shareholding)
    • Impact Solar Co., Ltd. (“ISL”) (21.00 percent shareholding)

  Renewable Energy Power Plants

  • Solar Power
    • Solarta Solar Energy Power Plant
    • Korat 3, 4, 7 Solar Energy Power Plants
  • Wind Power
    • Huay Bong 2 Wind Power Plant (KR 2 Co., Ltd.) and Huay Bong 3 Wind Power Plant (First Korat Wind Co., Ltd.)
  • Biomass Power
    • Songkla Biomass Power Plant

  Overseas power plants that have commenced commercial operations comprising:

  • Lao PDR

    Fossil Fuel Power Plants

    • Hongsa Thermal Energy Power Plant

    Renewable Energy Power Plants

    • EDL-Gen Renewable Energy Power Plants
    • Hydro Power Plant - Nam Ngum 2
    • Xe Pian - Xe Namnoy Hydro Power Plant
  • Australia

    Fossil Fuel Power Plants

    • RATCH-Australia Corporation Pty. Ltd., (RAC)
    • Townsville Power Station
    • Kemerton Power Station (Included Black Start)

    Renewable Energy Power Plants

    • Windy Hill Wind Farm
    • Toora Wind Farm
    • Starfish Hill Wind Farm
    • Mount Emerald Wind Farm
    • Collinsville Solar PV
    • Yandin Wind Farm
    • Collector Wind Farm
  • Indonesia

    Renewable Energy Power Plants

    • Asahan-1 Hydro Power Plant
  • Vietnam

    Fossil Fuel Power Plants

    • Thang Long Coal-Fired Power Plant

  Power Plants under Development and Construction

  • Thailand

    Fossil Fuel Power Plants

    • Hin Kong Combined-Cycle Power Plant
    • Nexif RATCH Energy Rayong SPP Power Plant
    • RATCH Cogeneration SPP Power Plant (Expansion)
    • REN Korat Energy Power Plant
  • Indonesia

    Fossil Fuel Power Plants

    • Riau Combined-Cycle Power Plant
    • Paiton Energy Coal-Fired Power Plant
  • Vietnam

    Renewable Energy Power Plants

    • Ecowin (Thanh Phong) Wind Farm
    • Nexif Ben Tre Wind Farm
• Infrastructure Business
  1. Telecommunication and Digital Technology Business
     • Optic Fiber Network Project by Smart Infranet Company Limited

       The company provides optic fiber cable network services (SIC). RATCH holds a 51 percent stake in the subsidiary while ALT Telecom Public Company Limited (ALT) owns the remaining 49 percent.

     • Things on Net Company Limited

       The company, 35 percent owned by RATCH, provides Internet of Things services in Thailand using Sigfox’s Technology (IoT Networks) and related businesses.

  2. Tap Water Supply
     • Asia Water Company Limited,

       through an investment in Saendin Water Supply project in Lao PDR by RATCH-Lao Service Co., Ltd.; a subsidiary of the Company, whereby 40% of the equity is held by RATCH-Lao Service Co., Ltd. The revenue is generated from production and distribution of water to Vientiane Water Supply Enterprise in Lao PDR under a concession period of 50 years. The production capacity in the first phase is 24,000 cubic meters per day.

  3. Transport Network
     • MRT Pink Line Project (Khae Rai-Min Buri) and MRT Yellow Line Project (Lad Phrao-Samrong):

       The projects are carried out under BSR JV, which is 10 percent owned by RATCH,75 percent by BTS Group Holdings Public Company Limited and 15 percent by Sino-Thai Engineering and Construction Public Company Limited.

     • Private Sector Joint Investment Project in the Operations and Maintenance for the Inter-City Highways; Bang Pa-In - Nakhon Ratchasima (M6) and Bang Yai - Kanchanaburi (M81):

       BGSR Joint Venture; comprising of; the Company (10% shareholding), BTS Group Holdings PCL (40% shareholding), Gulf Energy Development PCL (40% shareholding) and Sino-Thai Engineering and Construction PCL (10% shareholding).

     • Acquisition of Bangkok Aviation Fuel Services Public Company Limited’s shares: RATCH bought Bangkok Aviation Fuel

       Services Public Company Limited’s 98,983,125 shares or 15.53 percent from Thai Airways International Public Company Limited for Baht 2,712,137,625, by joining the electronic auction on 19 December 2020.

• Electricity and Energy-Related Business

  RATCH has operated related businesses through subsidiaries, affiliates and joint ventures, to ensure the Group’s continual growth. These businesses concern power plant operation and maintenance services, gas turbine parts maintenance services, coal mining, fuel supply, etc.

  1. Operation and Maintenance Service for Power Plants
     • Chubu Ratchaburi Electric Service Company Limited

       RATCH and Chubu Electric Power (Thailand) Company Limited (presently called Jera Power (Thailand) Company Limited established a 50:50 joint venture namely Chubu Ratchaburi Electric Service Company Limited (CRESCO).

  2. Gas Turbine Parts Maintenance Service
     • EGAT Diamond Service Company Limited
  3. Fuel Supply
     • Songkhla Bio Fuel Company Limited

       The company supplies fuel to Songkhla Biomass Power Plant. RATCH owns the company via Ratchaburi Energy Company Limited’s holding.

     • Siphandone-RATCH LAO Company Limited

       Produces and distributes wood pellets in Lao PDR.

  4. Coal Mining Business
     • Phu Fai Mining Co., Ltd.

       Operates a coal mining business to supply as fuels to Hongsa Thermal Energy Power Plant.

  5. Innovation and Invention Business
     • Innopower Company Limited
• Healthcare Business

  Investment in Health sector

  • Acquisition of Principal Capital Public Company Limited
  • Acquisition of Kasemrat International Hospital, Vientiane

  Investors can find more information on the topic “Information of Companies RATCH Invests In” in Form 56-1 One Report on the Company website.

6. Revenue Structure of the Company

RATCH Group’s core revenue generated by the Company, subsidiaries and joint ventures derives from the long-term PPAs with EGAT of independent power producers (IPPs). The 3 main sources of the revenue are the Availability Payment (AP), Energy Payment (EP) and finance leases (Revenue from Lease Contract) Regarding small power plants that supply electricity and steam to industrial customers, their revenue comes from the Capacity Payment (CP), Energy Payment (EP), fuel savings (FS) and the electricity and steam prices

The Company’s revenue primarily comes from the sale of electricity generated by Ratchaburi Electricity Generating Company Limited, a subsidiary, to EGAT under a 25-year Power Purchase Agreement. The revenue structure from Ratchaburi Power Plant and Tri Energy Power Plant contains the 3 main parts as follows:

1. Availability Payment (AP)

   AP is designed to cover the entire fixed operating costs, such as maintenance expenses and management expenses. Generally, AP depends on the power plant’s readiness to generate and distribute electricity as required by EGAT.

2. Energy Payment (EP)

   EP is realized after electricity is generated and transmitted to the EGAT’s transmission system. EP comprises two major parts:
           1) Fuel Payment
           2) Variable Operating and Maintenance Payment

3. Revenue from Lease Contract

   Revenue from Lease Contract is based on revenue from availability payment for loans and shareholders’ returns. It is booked under effective interest rate method.

   Furthermore, the sales of electricity generated by Ratchaburi Electricity Generating Company Limited, the Company’s additional revenue comes from the sales of electricity generated by RATCH Cogeneration Company Limited, a subsidiary, mainly to EGAT under a 25-year PPA Remaining electricity and steam are sold to industrial users.

   RATCH Cogeneration SPP Power Plant’s revenue consisted of 4 main parts:

   1. Capacity Payment (CP) covers all investment, including maintenance expenses and variable expenses for generation and maintenance as well as actual capacity availability as specified in the PPA.
   2. Energy Payment (EP) is received when electricity is generated, primarily paid for the fuel cost.
   3. Fuel Saving (FS) revenue is received when monthly electricity generation meets the fuel saving clause specified in the PPA.
   4. Revenue from electricity and steam sold to industrial users.

   The Company also recognized revenue from the sale of electricity generated by RATCH Australia Corporation Pty Ltd (RAC), a subsidiary located in the Commonwealth of Australia whose main revenue is from a long-term PPA for its thermal power plants, wind farms and solar farms. The basic revenue structure according to the long-term PPA for thermal power plants is as follows:

   1. Capacity Payment (CP) covering the total investment including maintenance costs and actual capacity availability in electricity generation and distribution as stated in the PPA.
   2. Energy Payment (EP) which is received when electricity is generated, primarily to cover the fuel cost and variable operating and maintenance expenses.

   RAC’s wind farms’ income is the volume of generated electricity multiplied by the per-unit price.

   RATCH also realized revenue from joint ventures under the equity method along with other revenues including management fees, interest receivables and dividends. Details appeared in the revenue structure.

• Revenue Structure 2019 – 2021

Note : * On November 19, 2021, the Company purchased additional shares in Fareast Renewable Development Pte. Ltd. from 50% to 90%.

Note : * On November 19, 2021, the Company purchased additional shares in Fareast Renewable Development Pte. Ltd. from 50% to 90%.

Note : * On November 19, 2021, the Company purchased additional shares in Fareast Renewable Development Pte. Ltd. from 50% to 90%.
** On January 3, 2020, the Company sold its shares in the Company. Hin Kong Power Holding Co., Ltd.

Note : * On November 19, 2021, the Company purchased additional shares in Fareast Renewable Development Pte. Ltd. from 50% to 90%.
** On January 3, 2020, the Company sold its shares in the Company. Hin Kong Power Holding Co., Ltd. from 49 %, remaining 51 %

7. Dividend

7.1 What is RATCH dividend policy ?

The Company has a policy to pay dividend of at least 40 percent of net profit according to the consolidated financial statements after legal reserves and other reserves. Nevertheless, dividend payments depend on the Company’s cash flow.

8. Shareholders Annual General Meeting

8.1 How can I attend Shareholders Annual General Meeting?

You are allowed to attend the meeting via 2 methods:
1. Meeting at the specified date and venue
2. Meeting via E-Meeting

8.2 What happens if I can’t attend the AGM?

When shareholders are unable attend the meeting; the Company allows shareholders to appoint persons who have come of age as their proxies to attend shareholder meetings and vote on their behalf. Proxy appointment documents must be in the format designed by the Registrar. The proxy has to present the proxy documents to the meeting chairman or the person assigned by the chairman before attending the meeting. Shareholders can download proxy documents from the Company website.

8.3 How do I vote at an AGM?

The Company prepares the separate ballots for each agenda item. All shareholders received such ballots at registration. Voting process was made simple: shareholders disagreeing or wishing to abstain simply raised their hands and the Company’s staff members collected their ballots. Computerized and barcode systems were used in vote counting.

9. Corporate Communications

9.1 Where can I search the Company’s information?

Investors can find more information on the Company on www.ratch.co.th

10. How can I contact investor relations ?

Investor Relations Department:
Telephone : 0 2794 9841-3
Fax : 0 2794 9888 ext. 9841
E-mail : IR@ratch.co.th