Bangkok Expressway and Metro Public Company Limited (BEM) February 2020 BEM : Business Overview
Road Rail Commercial Development Investment
➢ Total Expressway ➢ Total Rail ➢ BL = IBL + BL Ex ➢ Infrastructure portfolio SES 38.5 km IBL 20 km 18 stations For advertising in Stations - Owns 99.99% in NECL Sector C+ 32 km BL Ex 27 km 20 stations & Trains, Retailing and - Owns 89.67% in BMN SOE 17.06 km PPL 23 km 16 stations Telecommunications - Owns 18.47% in TTW Total 87.56 km Total 70 km 54 stations - Owns 16.50% in CKP ➢ PPL to be negotiated with ➢ BL Ridership ➢ Traffic Volume MRTA ➢ Profit sharing in P&L Jan 2020 Jan 2020 Y2018 434 MB 397,440 trips/day 1,216,971 trips/day ➢ Expressway Ads on SES 9M/2019 173 MB Growth -1.82% YoY Growth 25.43% YoY Avg. 2020 Avg. 2020 ➢ Cash Dividend Received 397,440 trips/day ➢ CD Revenue 1,216,971 trips/day Y2018 494 MB Growth -1.82% YoY Growth 25.43% YoY Y2018 = 705 MB 9M/2019 = 555 MB 9M/2019 258 MB ➢ Tolls Revenue ➢ BL farebox Jan 2020 Jan 2020 10.62 MB/day 27.81 MB/day Growth 32.11% YoY Growth -1.27% YoY Avg. 2020 Avg. 2020 10.62 MB/day 27.81 MB/day Growth 32.11% YoY Growth 1.27% YoY ➢ PPL O&M service income Annual Income apx.1,800 MB/year
2 BEM: Financial Highlights & Earning Outlook
REVENUE STRUCTURE TOTAL REVENUE NET PROFIT As of Q3/2019 Unit: MB 5% Unit: MB
65% 19,087* 15,393 13,233 5,317* 12,690** 4,913** 30% 2,606 3,123
2016 2017 2018 9M/2019 2016 2017 2018 9M/2019
Road Rail Commercial Development
NET IBD/E DPS/EPS Earning Highlights & its Outlook : Unit : Times Unit: THB - Reclassified the investment in TTW from investment in associated company to investment in available-for-sale securities. 1.38 0.35* - Interim dividend for the first half of 2019 1.33 1.34 0.32** 1.33 0.17 0.20 0.15 0.06 baht per share. 0.11 0.13 0.06 - COD BL Ex Section II on 29 Sep, 19 2016 2017 2018 Q3/2019 2016 2017 2018 9M/2019 - Y20 To Open Full BL Line in Mar 20 DPS EPS
Remark : * Including non - cash extra item from reclassified the investment in CKP ** Including non - cash extra item from reclassified the investment in TTW
3 Overview of Expressway Business
Distance Operator Expressway Network (km) 1. First Stage Expressway System (FES) 27.10 EXAT 2. Second Stage Expressway System (SES) 38.50 BEM 3. Northern Stage Expressway (C+) 32.00 NECL (Bang Pa In – Pak Kret Expressway) 4. Don Muang Tollway (DMT) 28.00 DMT 5. Ramindra-Atnarong Expressway (RAE) 32.90 EXAT 6. Bang Pli - Suksawad Expressway (Southern Outer Bangkok Ring Road) 42.30 EXAT and Highway No. 37 (Suksawad-Bang Khun Thien Section) 7. Bangna-Chonburi Expressway 56.70 EXAT 8. Si Rat – Outer Ring Road Expressway (SOE) 17.06 BEM
Total 274.56
✓ BEM is the largest private expressway operator in Thailand;
• The Second Stage ExpresswaySystem (SES) - Sector A, B,C concession ending in 2020 and Sector D concession ending in 2027 • The Bang Pa In-Pak Kret expressway (Sector C+) operated by BEM’s subsidiary company Northern Expressway Company Limited (NECL) concession ending in 2026. • The Si Rat – Outer Ring Road Expressway (SOE) concession ending in 2042 ✓ Over 1.2 million trips a day in BEM expressway system. ✓ Get a 40% toll revenue share from FES and SES (sector A & B) concession. ✓ 100% toll revenue from SES (sector C & D), NECL (Sector C+) and SOE. 4 Highlights of Expressway Business
Toll Revenues & Traffic Financial Strength Remaining Concession Period Expressway Revenues (MB) Toll ✓ Reliable cash revenues Revenues ✓ Toll revision every 5 years Traffic ('000 Trips/Day) FES & SES ✓ Steady traffic growth (Sector A-B-C) 2020 2030 2040 1,214 1,230 1,239 1,142 1,178 ✓ CAGR = 2.65% (2011 - 2018) Traffic 10,174 Udonrattaya 9,957 ✓ SOE contributes highest 2026 (Sector C+) 8,815 9,301 traffic growth. 7,711 Existing SES Extension ✓ Rights to extend the (Sector D) 2027 Projects contract for 10 years twice ( FES&SES&C+) Sirat Outer Ring 2042 ✓ 15-20 mins to downtown (SOE) ✓ SOE Project East - West Corridor link 2015 2016 2017 2018 9M/2019 ✓ Toll hike every 5 years 2019 2042 without applying CPI base
SOE ramp to north (heading to Chaeng Wattana road) Project
SOE Ramp ✓ SOE Ramp to north connects SES (Sector A) heading to Chaeng Wattana road and Bang Pa In (Sector C+)
✓ More convenience for expressway users.
✓ Reduce travel time from local road and traffic congestion on Kamphaeng Phet 2 road.
✓ Approximately 360 meters long.
5 Bangkok Metropolitan Mass Rapid Transit Network Master Plan
Future Bangkok Mass Rapid Transit Network: 10 Lines total 464 kms.
Thammasart –Mahachai 4 Lumlukka – Bang Pu 1 (80.8 kms.) (66.5 kms.)
7 Bang Yai – Rat Burana (42.8 kms.) Kae Rai– Min Buri 9 (36 kms.)
2 Salaya-Hau Mark (48 kms.)
10 Lat Phrao - Samrong (30.4 kms.)
Taling Chan- Min Buri– Thailand 6 8 Cultural Center (37.5 kms.) Bang Sue – Phuttamonthon Sai 4 (55 kms.)
Yot Se – Bang Wa 5 (15.5 kms.) 3 Airport Link (50.3 kms.)
Source : MOT 6 Metro Map
Existing Metro Lines 6 more Lines under construction
Bang Sue – Hua Lamphong – Lak Song
Distance Operated Distance Operated Projects Stations Trains Cars Status Operator Project Stations Trains Cars Status Operator km (Year) km (Year) Blue Line - Bang Sue - Hua Lamphong 20 18 19 57 2004 Blue Line (Extension) Operating BEM BEM - Tao Poon 1 1 15 45 Aug 11, 2017 - Bang Pho - Tha Pra 12 8 20 60 Constructing 2020 - Wat Mungkorn - Lak Song 14 11 Sep 29,2019 Purple Line (Bang Yai-Tao Poon) 23 16 21 63 Operating Aug 6, 2016 BEM Red Line (Bang Sue-Rang Sit) 26.3 8 - - Constructing 2021 SRT Airport Rail Link (Phaya Thai-Suvarnabhumi Green Line 28.5 8 9 - Operating 2010 SRT - BTS Airport) Mochit - Khu Khot 17.8 16 Constructing 2021 Green Line Pink Line (Kae Rai – Min Buri) 34.5 30 42 168 Constructing 2021 BTS - Mochit – On Nut 17.0 17 1999 Yellow Line - Bang Chak – Bearing 5.3 5 Dec 2018 BTS (Lat Phrao –Samrong) 30.4 23 30 120 Constructing 2021 - Samrong – Kheha 12.6 9 52 296 Operating BTS Orange Line Light Green Line (TCC - Minburi) 21.2 17 - - Constructing 2022-2023 - - National Stadium – Saphan Taksin 6.5 6 Total (km) 142.2 - SaphanTaksin– Bang Wa 1999 7.5 6 Total (km) 135.4 Source: MRTA, SRT, and BTS Group 7 Map of Initial Blue Line (IBL)
Initial Blue Line Union Mall Gourmet Market Blue Line Extension Phahon Yothin Lat Phrao Central Ladprao Ratchadaphisek Chatuchak Park
SCG HQ JJ Market Chatuchak Park Sutthisan Muang Thai Phatra complex
Tao Poon Bang Sue Kamphaeng Phet Huai Khwang Open Mar 2020 The Street Ratchada TCC Thai Life Insurance Section III Section I Thailand Cultural Centre Esplanade Opened 11 Aug 2017 True tower
SET & AIA The Blue Line Extension Line Blue The Chinese Embassy Phra Ram 9 Central Phra Ram 9 Fortune tower Super tower G tower Phetchaburi Singha Complex Chao Phraya River ARL
Sukhumvit Chulalongkorn U. Terminal 21 Hua Lamphong Chulalongkorn Hospital Grand station Chamchuri Square Queen Sirikit National QSNCC Sam Yan Convention Centre Dragon temple Mitrtown Lumphini Park ONE Bangkok Interchange Tower Exchange Tower Hua Lamphong Sam Yan Si Lom Lumphini Khlong Toei FYI Tower Open Sep 2019 Hua Lamphong Dusit temple Central Park Q House tower Section II China Town 8 Map of Blue Line Extension (BL EX)
Opened 11 Aug 2017 Section I
Yothinburana Blue Line Tiewpaingam EGAT HQ School Depot School SCG HQ Connect with Purple Line
Connect with Light Green Line EENN Hospital Connect with Light Red Line Bang O Bang Pho Tao Poon Bang Sue Bang Phlat Connect with Dark Red Line Yanhee Hospital New Parliament Connect with Orange Line Sirindhorn Connect with Airport Rail Link Major Pinklao Thonburi 2 Hospital Connect with Yellow Line Central Pinklao Bang Yi Khan Bank of Thailand Line Blue : Initial Existing
Makro Charan Br.
Open Mar 2020 Siriraj Hospital Thammasart U.
Bang Khun Non Chao Phraya River Section III Emerald Buddha Temple
Grand Palace Mega Shopping Mall Fai Chai Royal Navy Hua Lumphong Wat Pho The Old Siam Mall Grand Station Siam Museum Dragon Temple Paknam Siam The Mall Bang Kae Temple University Charan 13 The Mall Depot Tha Pra Sanam Chai Sam Yot Wat Hua Lamphong Mangkon Lak Bang Phasi Phet Bang Wa Bang Phai Tha Phra Itsaraphap Rajini School China Town Central Song Khae Chareon kasem 48 Somdejchaopraya Wang Burapa Sampheng Wholesale Market University Flower Market Opened Sep 2019 Seacon Phayathai 3 BIG C Bang Kae Hospital Section II Pahurat Cloth Market 9 Highlights of Mass Transit Business
Rail Revenues & Ridership High Potential Growth BEM’s rail service by distance (km) 321 312 8 Future Expected 295 ✓ Organic ridership growth 5-7% 19.8 260 274 4,736 ✓ Fares revision every 2 years 4,521 Farebox ✓ Additional revenues from Purple 37.5 37.5 3,639 revenues & line 3,230 Ridership ✓ Passengers fed to Initial Blue 27 27 27 2,374 Line 23 23 23 23
20 20 20 20 20 ✓ Purple line operated on Aug 6, Expected 2015 2016 2019-20F 2023-24F 2025-26F 2016 2015 2016 2017 2018 9M/2019 Service by ✓ BL Ex is expected to fully Blue line (IBL) Purple line Distance Farebox Revenues (MB) operate in Y2020 Blue line Extensions Orange line Ridership ('000 Trips per Day) Purple line Extensions Blue line Extension 2
Blue Line Extension Initial Blue Line Purple Line Hua Lamphong – Lak Song Hua Lamphong – Bang Sue Bang Yai-Bang Sue Bang Sue – Tha Phra ➢ Under construction ➢ ➢ Operated Operated ➢ PPP Net Cost ➢ ➢ PPP Net Cost PPP Gross Cost ➢ Income source : Ridership ➢ ➢ Income source : Ridership Income source : O&M services ➢ Operational within 2020 ➢ COD : July 3, 2004 Annual income Apx. 1,800 MB/year ➢ Concession period 33 years (2017 – 2050) ➢ ➢ Concession period 25 years (2004 - 2029) COD : Aug 6, 2016 ➢ Fully open BL Ex in Y2020 ➢ Extended to the year 2050 in accordance ➢ Concession period 30 years (2013 - 2043) Section 1: 11 Aug 2017 with BL EX Concession. Section 2: Sep 2019 Section 3: Mar 2020
10 Overview of Commercial Development Business
Advertising Telecommunications Retail Spaces
38 Stations & 54 Trains ➢ Mobile phone Network ➢ Retail Spaces in 10 locations ➢ Static Media ➢ High Speed Internet ➢ Brighten up ➢ Digital Media : 9 stations ➢ Wi-Fi Services ➢ Creative & Innovative ➢ Design ➢ Telecommunications Signal Under Development System (3G, 4G) : 2 stations
➢ Future Internet Technology
11 Highlights of Commercial Development Business
CD Revenues Unit: MB More rooms to grow ✓ CAGR = 5.88% p.a. (2015-2018) CD revenues ✓ New CD expected by 2019 675 705 Target 549 573 555 ✓ Revenue increased by eyeballs Advertising ✓ Rooms to grow outside MRT to double
✓ Telecom Steady Cash Flow ✓ Long term contracts CD revenue 2015 2016 2017 2018 9M/2019 ✓ Rental rates increased by Column1 Retails ridership's traffic ✓ Open more locations in Y2021
Future Projects
Purple Line Blue Line Extension Hua Lamphong – Lak Song CD projects outside MRT Bang Yai-Bang Sue Bang Sue – Tha Phra
➢ To Operate Commercial Development ➢ To Operate Commercial Development ➢ Advertising outside MRT, ie. Expressway. (To be negotiated with MRTA) ➢ Tao Poon station opened on 11 Aug. 2017 ➢ Retails business ➢ Telecommunications
12 Commercial Development Update
BMN’s Retail Spaces Phetchaburi station • 9 stations , 10 locations • Total spaces 14,000 sqm. • Chatuchak Park station owns the largest retail spaces 2,034 sqm.
BMN’s Strategic Alliances • Starbucks • Lawson • Amazon Thailand Cultural Center station • Dunkin Donuts • Gourmet Market • Bread Talk • Au Bon Pain • S&P • A&W • Dairy Queen Looking Ahead • Lat Phrao sation Chatuchak Park station • Phahon Yothin station
13 Financial Highlights
Consolidated (Unit : MB.) 2018 2017 %CHANGE Revenue :- Revenue from Expressway business 10,174 9,957 2.18% Revenue from Rail business 4,736 4,521 4.76% Revenue from Commercial development business 705 675 4.44% Others 3,472 240 1346.67% Total Revenue 19,087 15,393 24.00% Expense :- Costs of Expressway business (1,838) (1,735) 5.94% Costs of Rail business (3,542) (3,353) 5.64% Costs of Commercial development business (170) (177) -3.95% Amortization – Expressway (4,037) (3,695) 9.26% Amortization – Rail (188) (246) -23.58% Selling (111) (95) 16.84% Administration (1,252) (1,049) 19.35% Profit before share of profit from investments in associates, 7,949 5,043 57.62% financial cost and income tax expenses Share of profit (loss) from investments in associates 433 406 6.65% EBIT 8,382 5,449 53.83% Financial Cost (1,857) (1,611) 15.27% Income tax expenses (1,189) (696) 70.83% Profit for the Period 5,336 3,142 69.83% Profit/(Loss) Attributable to Non-controlling interests (19) (19) 0.00% Profit Attributable to Equity Holders of the Company 5,317 3,123 70.25% EPS (Bath) 0.35 0.20 DPS (Baht) 0.15 0.13
14 Financial Highlights
Consolidated (Unit : MB.) Q3/2019 Q3/2018 %CHANGE 9M/2019 9M/2018 %CHANGE
Revenue :- Expressway Business Revenue 2,608 2,561 1.84% 7,711 7,576 1.75% Rail Business Revenue 1,266 1,218 3.94% 3,639 3,562 1.24% Commercial Development Revenue 199 167 19.16% 555 493 9.31% Others 358 335 6.87% 3,119 2,902 614.38% Total Revenue 4,431 4,281 3.50% 15,024 14,533 41.92% Expense :- Costs of Expressway Business (505) (461) 9.54% (1,475) (1,350) 9.23% Costs of Rail Business (953) (881) 8.17% (2,727) (2,630) 1.40% Costs of commercial development (54) (45) 20.00% (150) (129) 12.92% Amortization – Expressway (1,025) (958) 6.99% (3,020) (2,828) 6.64% Amortization – Rail (54) (48) 12.50% (150) (140) 5.67% Selling (29) (24) 20.83% (91) (75) 21.43% Administration (274) (252) 8.73% (856) (808) 4.61% Profit before share of profit from investments in associates, financial cost and income tax expenses 1,537 1,612 -4.65% 6,555 6,573 107.95% Share of profit (loss) from investments in associates - 133 -100.00% 173 339 57.19% EBIT 1,537 1,745 -11.92% 6,728 6,912 106.11% Financial Cost (422) (420) 0.48% (1,246) (1,444) 91.71% Income tax expenses (175) (233) -24.89% (554) (625) 534.38% Profit for the Period 940 1,092 -13.92% 4,928 4,843 307.01% Profit/(Loss) Attributable to Non-controlling interests (3) (3) 3.20% (15) (9) 492.25% Profit Attributable to Equity Holders of the Company 937 1,089 -13.97% 4,913 4,834 306.63% EPS (Baht) 0.06 0.20 0.32 0.32 DPS (Baht) - - 0.06 0.06 BEM : Financial Ratio Q3/2019 Q3/2018 Q3/2019 Q3/2018 Net Profit Margin 21.60% 26.12% Net IBD to Equity 1.33 1.30 15 Appendix (A) Total Traffic Volume
(Thousand trips / Day) 1,300.00
1,250.00 2019 2020 2018 1,200.00 2017
1,150.00 2016
1,100.00
1,050.00
1,000.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. % YoY 2020 1,216.97 1,216.97 -1.82% 2019 1,239.58 1,255.73 1,288.11 1,183.02 1,218.34 1,244.63 1,223.34 1260.20 1,238.35 1,235.54 1257.85 1203.37 1,237.26 0.58% 2018 1,206.51 1,266.04 1,269.04 1,154.27 1,213.29 1,242.35 1,205.30 1,251.22 1,227.88 1,220.11 1,283.91 1,224.67 1,230.13 1.33% 2017 1,181.32 1,229.06 1,255.82 1,144.81 1,196.64 1,240.76 1,201.12 1,241.68 1,245.94 1,152.97 1,264.21 1,216.84 1,214.03 2.93% 2016 1,142.40 1,179.80 1,217.11 1,103.63 1,129.92 1,178.37 1,153.70 1,250.26 1,218.43 1,174.29 1,228.76 1,201.85 1,179.50 3.32% %YoY 20/19 -1.82%
17 Total Toll Revenue
(Million Baht / Day) 30.00
2019 28.00 2020 2018 2017 26.00
2016 24.00
22.00
20.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. % YoY 2020 27.81 27.81 -1.27% 2019 28.17 28.54 29.34 26.96 27.73 28.42 27.94 28.83 28.29 28.23 28.74 27.54 28.23 1.27% 2018 27.25 28.63 28.73 26.12 27.42 28.12 27.33 28.39 27.8 27.65 29.18 27.91 27.87 2.18% 2017 26.33 27.43 28.06 25.61 26.81 27.83 27.02 28.04 28.11 25.99 28.62 27.52 27.28 7.02% 2016 24.23 25.02 25.84 23.48 23.96 24.97 24.52 25.92 26.82 25.97 27.32 26.81 25.49 5.57% %YoY 20/19 -1.27%
18 Expressway : Total Traffic Volume
(Trips/Day) (Trips/Day)
YoY Jan-20 Jan-19 Change % YTD 1M-20 1M-19 Change %
FES 366,830 372,498 -5,668 -1.52% FES 366,830 372,498 -5,668 -1.52%
Sector A 218,335 225,113 -6,778 -3.01% Sector A 218,335 225,113 -6,778 -3.01%
Sector B 97,128 99,209 -2,081 -2.10% Sector B 97,128 99,209 -2,081 -2.10%
Urban 682,293 696,820 -14,527 -2.08% Urban 682,293 696,820 -14,527 -2.08%
Sector C 180,819 188,158 -7,339 -3.90% Sector C 180,819 188,158 -7,339 -3.90%
Sector D 201,439 204,601 -3,162 -1.55% Sector D 201,439 204,601 -3,162 -1.55%
SOE 66,415 61,042 5,373 8.80% SOE 66,415 61,042 5,373 8.80%
Sub urban 448,673 453,801 -5,128 -1.13% Sub urban 448,673 453,801 -5,128 -1.13%
Total BEM 1,130,966 1,150,621 -19,655 -1.71% Total BEM 1,130,966 1,150,621 -19,655 -1.71%
NECL (C+) 86,005 88,957 -2,952 -3.32% NECL (C+) 86,005 88,957 -2,952 -3.32%
Total BEM+NECL 1,216,971 1,239,578 -22,607 -1.82% Total BEM+NECL 1,216,971 1,239,578 -22,607 -1.82%
19 Expressway : Total Traffic Volume
(Trips/Day) (Trips/Day)
YoY Q4-2019 Q4-2018 Change % YTD 2018 2017 Change %
FES 370,834 371,614 -780 -0.21% FES 372,745 373,215 -471 -0.13%
Sector A 218,755 223,766 -5,012 -2.24% Sector A 224,854 226,693 -1,839 -0.81%
Sector B 96,237 98,220 -1,983 -2.02% Sector B 97,199 99,182 -1,984 -2.00%
Urban 685,826 693,600 -7,774 -1.12% Urban 694,797 699,091 -4,294 -0.61%
Sector C 186,026 191,269 -5,243 -2.74% Sector C 186,913 184,669 2,244 1.22%
Sector D 203,439 204,165 -726 -0.36% Sector D 201,249 194,177 7,072 3.64%
SOE 65,451 59,214 6,237 10.53% SOE 56,090 49,946 6,145 12.30%
Sub urban 454,917 454,648 269 0.06% Sub urban 444,253 428,792 15,461 3.61%
Total BEM 1,140,743 1,148,248 -7,506 -0.65% Total BEM 1,139,050 1,127,883 11,167 0.99%
NECL (C+) 91,232 94,200 -2,968 -3.15% NECL (C+) 91,077 86,153 4,924 5.71%
Total BEM+NECL 1,231,975 1,242,449 -10,474 -0.84% Total BEM+NECL 1,230,126 1,214,036 16,090 1.33%
20 Expressway : Total Toll Revenue
(Baht / Day) (Baht / Day) YoY Jan-20 Jan-19 Change % YTD 1M-20 1M-19 Change %
FES 7,439,794 7,547,951 -108,157 -1.43% FES 7,439,794 7,547,951 -108,157 -1.43%
Sector A 4,304,953 4,436,151 -131,198 -2.96% Sector A 4,304,953 4,436,151 -131,198 -2.96%
Sector B 1,959,166 2,001,885 -42,719 -2.13% Sector B 1,959,166 2,001,885 -42,719 -2.13%
Urban 13,703,913 13,985,987 -282,074 -2.02% Urban 13,703,913 13,985,987 -282,074 -2.02%
Sector C 2,416,093 2,520,772 -104,679 -4.15% Sector C 2,416,093 2,520,772 -104,679 -4.15%
Sector D 4,801,497 4,876,990 -75,493 -1.55% Sector D 4,801,497 4,876,990 -75,493 -1.55%
SOE 3,124,732 2,869,233 255,499 8.90% SOE 3,124,732 2,869,233 255,499 8.90%
Sub urban 10,342,322 10,266,995 75,327 0.73% Sub urban 10,342,322 10,266,995 75,327 0.73%
Total BEM 24,046,235 24,252,982 -206,747 -0.85% Total BEM 24,046,235 24,252,982 -206,747 -0.85%
NECL (C+) 3,762,346 3,913,054 -150,708 -3.85% NECL (C+) 3,762,346 3,913,054 -150,708 -3.85%
Total BEM+NECL 27,808,581 28,166,036 -357,455 -1.27% Total BEM+NECL 27,808,581 28,166,036 -357,455 -1.27%
21 Expressway : Total Toll Revenue
(Baht / Day) (Baht / Day)
YoY Q4-2019 Q4-2018 Change % YTD 2018 2017 Change %
FES 7,527,911 7,529,272 -1,361 -0.02% FES 7,558,441 7,574,658 -16,216 -0.21%
Sector A 4,312,195 4,406,511 -94,316 -2.14% Sector A 4,427,825 4,464,399 -36,574 -0.82%
Sector B 1,941,094 1,980,343 -39,249 -1.98% Sector B 1,961,009 2,001,763 -40,754 -2.04%
Urban 13,781,200 13,916,126 -134,925 -0.97% Urban 13,947,275 14,040,820 -93,545 -0.67%
Sector C 2,484,330 2,559,740 -75,410 -2.95% Sector C 2,505,908 2,475,313 30,595 1.24%
Sector D 4,849,390 4,859,008 -9,618 -0.20% Sector D 4,795,749 4,627,796 167,954 3.63%
SOE 3,079,274 2,782,946 296,328 10.65% SOE 2,635,384 2,344,465 290,918 12.41%
Sub urban 10,412,994 10,201,693 211,301 2.07% Sub urban 9,937,042 9,447,575 489,467 5.18%
Total BEM 24,194,194 24,117,819 76,375 0.32% Total BEM 23,884,317 23,488,395 395,922 1.69%
NECL (C+) 3,969,165 4,117,931 -148,767 -3.61% NECL (C+) 3,989,146 3,789,685 199,461 5.26%
Total BEM+NECL 28,163,359 28,235,750 -72,391 -0.26% Total BEM+NECL 27,873,463 27,278,079 595,383 2.18%
22 Metro : Average Daily Ridership : Blue Line (BL)
(Thousand trips / Day)
440.00
400.00 2020 2019 360.00
320.00 2018 280.00 2017 2016 240.00
200.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. % YOY
2020 397 397 25.43% 2019 316 322 330 297 302 312 317 339 352 375 416 366 337 8.17% 2018 299 324 315 278 295 316 301 331 325 321 343 292 312 5.50% 2017 273 299 308 266 274 303 282 313 319 300 322 282 295 7.65% 2016 256 278 283 248 245 279 269 286 294 291 290 264 274 5.12% % YOY 20/19 25.43%
23 Metro : Average Daily Revenue : Blue Line (BL)
(Million Baht / Day) 12.00
11.00 2020 10.00 2019 9.00
8.00 2018 7.00 2017 2016 6.00
5.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. %YoY 2020 10.62 10.62 32.11% 2019 8.04 8.15 8.35 7.51 7.65 7.87 8.02 8.58 8.97 9.99 11.18 9.77 8.67 9.99% 2018 7.56 8.17 7.95 7.06 7.51 8.07 7.61 8.38 8.19 8.10 8.69 7.39 7.89 6.95% 2017 6.91 7.48 7.59 6.75 6.81 7.40 7.07 7.80 7.97 7.39 8.21 7.16 7.37 8.45% 2016 6.42 6.95 6.93 6.24 6.17 6.85 6.69 7.10 7.18 7.37 6.99 6.68 6.80 5.69% %YoY 20/19 32.11%
24 Metro : Average Daily Ridership & Revenue: Blue Line (BL)
Ridership (Trips / Day) Farebox Revenue (Baht / Day) YoY Jan-20 Jan-19 Change % YoY Jan-20 Jan-19 Change %
BL 397,440 316,850 80,590 25.43% BL 10,617,409 8,036,967 2,580,442 32.11%
YoY 1M-20 1M19 Change % YoY 1M-20 1M19 Change %
BL 397,440 316,850 80,590 25.43% BL 10,617,409 8,036,967 2,580,442 32.11%
(Trips / Day) (Baht / Day)
YoY Q4-2019 Q4-2018 Change % YoY Q4-2019 Q4-2018 Change %
BL 385,306 318,214 7,042 2.38% BL 10,303,015 8,054,805 131,234 1.74%
YoY 2018 2017 Change % YoY 2018 2017 Change %
BL 311,538 295,302 16,236 5.50% BL 7,887,261 7,375,055 512,205 6.95%
25 Disclaimer The information in this presentation has been prepared by Bangkok Expressway and Metro Public Company Limited (BEM) and is general background information about BEM’s activities current as at date of this presentation. This presentation is not intended to provide the basis of any investment decision, nor to substitute your own analysis and investigation and should not be considered as a recommendation to any recipient of this presentation. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities or instrument transactions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this presentation is, or should be relied on as a promise or representation of BEM as to the future.
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