Message from the Chief Executive Officer

Dear Shareholders,

Last year was another year that Sakol Energy Public Company Limited (the “Company”) faced challenges in doing business amidst rapidly changing environmental factors. However, the Company was able to adapt and implement important strategies to build a strong foundation and drive sustainable growth in the future. The Company faced challenges in managing costs and quality of raw materials for the Refuse Derived Fuel (RDF) plant. To solve this problem, the Company adjusted its strategy by looking for opportunities to invest in waste management, which is an upstream business. Such strategy allows the Company to directly procure raw materials at a reasonable price and better control the quality of RDF. It also significantly reduces production costs and increases competitiveness of the business in the long term, including creating additional source of income for the Company.

With the goal of becoming a leader in integrated waste management, the Company has studied investments in upstream and downstream businesses to increase its capabilities in waste management. In relation to upstream business, the Company has developed a waste management project for effective reuse of waste. In relation to downstream business, the Company focuses on using transformed waste to produce RDF, which is an alternative fuel that can be reused. Expanding the business in this manner not only increases the Company's potential in generating income but also reduces the impact on the environment and promotes the circular economy in line with sustainable development guidelines.

Another factor supporting the Company's growth is the Mae Krating Biomass Power Plant. The business has entered its fifth year after the commercial operation date (COD), indicating stable revenue and increased profits. The power plant's ability to continuously generate electricity, as well as its efficient and consistent cost management, indicates that this business is likely to generate better returns in the future.

The Company has currently implemented an efficient financial strategy which allows it to repay debentures on schedule. Such implementation is an important factor in reducing debt level and building confidence among investors and stakeholders. The successful debt management and stable operations have led to gaining investors’ trust in the Company's capabilities and the Company’s issuance of new debentures was well-received by the capital market. The continued support from investors is a testament to the Company's strength and ability to conduct business efficiently. The Company also has a plan to expand its investment in the future, focusing on projects that can create sustainable added value for the organization. To support business expansion, the Company has a plan to procure appropriate funds for planned investment projects, which will enable the Company to grow steadily and continuously.

Finally, the Company remains committed to operating under the guidelines of sustainable development, along with transparent management and good governance. We focus on improving operational efficiency, increasing competitiveness, and creating added value for all shareholders and stakeholders. On this occasion, I would like to thank all shareholders, investors, business partners, customers and employees for their support and participation in the development of the organization. We will continue to create new business opportunities and firmly become a leader in clean energy and integrated waste management.

 

 

Mr. Chutchai Sumethchotimetha
Chairman of Executive Committee,
Chief Executive Officer