OR Reveals a 5-Year Plan with ฿74.6Bn Budget to Focus on Non-Oil and Overseas Business
OR Reveals a 5-Year Plan with a Budget of ฿74.6Bn to Focus on Non-Oil and Overseas Business.
OR Reveals a 5-Year Plan with a Budget of ฿74.6Bn to Focus on Non-Oil and Overseas Business.
21 ม.ค. 2564

Mr. Phichin Aphiwantanaporn, Senior Executive Vice President, Finance, PTT Oil Retail Business Public Company Limited (OR), stated that the company made a 5-year business plan with a budget of 74.6 billion baht to be distributed in investment in the oil business by 34.6%, non-oil and other services by 28.6%, international business by 21.8% and other businesses by 15%.
Mr. Aphiwantanaporn pointed out that the budget for non-oil business and international business is higher than EBITDA as both sections have a potential for high growth, while the company has a solid capital fund with a D/E for 9M20 at 0.8x.
 
Ms. Rajsuda Rungsiyakull, OR’s Senior Executive Vice President, Corporate Strategy, Innovation and Sustainability, stated that the company planned to expand 100 stations of PTT oil-services station per year to reach 2,500 stations in 2025 with a low-cost investment strategy, which the company will allow its dealers to invest 80% stake in the new station, while OR invests 20%.
As for the non-oil business, the company will add variety to its F&amp;B services by adding more brands and expanding existing shops. Moreover, OR expects to increase Cafe Amazon’s by 2,100 branches, focusing on over 60% a stand-alone (outside oil station), which will be franchise businesses.
OR will focus on the Philippines, Laos and Cambodia for its international business by increasing over 350 oil stations along with more than 310 Cafe Amazon branches. The company will advance in the LPG, warehouse and lubricant-product business in Myanmar.
 
OR will announce the final offering price at the latest within 9:00 am. on 3 February 2021. Currently, the price range is between 16-18 baht per share.
In addition, the details with respect to the subscription of OR’s newly issued ordinary shares are as follows:
1) The eligible shareholders of PTT will subscribe OR’s IPO newly issued ordinary shares at the allocated portion of their pre-emptive rights during 25th – 28th January 2021 in three methods via (1) online subscription on the website at www.kasikornbank.com/kmyinvest (2) the subscription form submission to the offices of securities companies that shareholders have securities trading account opened with or at the headquarter of Kasikorn Securities Public Company Limited, located at Phahonyothin branch 400/22 Phahonyothin Rd, Samsen Nai Sub-district, Phaya Thai District, Bangkok, and (3) the voice recording through telephone (only available for the subscriber who has securities trading account with Kasikorn Securities Public Company Limited).
2) The retail investors will subscribe OR’s newly issued ordinary shares during 24 January 2021 till 12:00 pm. on 2 February 2021 through Selling Agents which comprise of Kasikorn Bank Public Company Limited, Bangkok Bank Public Company Limited, and Krung Thai Bank Public Company Limited.
There are two subscription methods which are (1) to register on the online subscription as per details that each selling agent specifies and (2) submit the subscription form to the offices and branches of Selling Agents within business day and operating hours.
 
In addition, in order to mitigate the risk from COVID-19 pandemic outbreak, (1) the eligible shareholders of PTT who would like to submit subscription form at the headquarter of Kasikorn Securities Public Company Limited (located at Phahonyothin branch, 400/22 Phahonyothin Rd, Samsen Nai Sub-district, Phaya Thai District, Bangkok) and (2) retail investors, who would like to use service at Kasikorn Bank Public Company Limited’s branch to subscribe OR’s IPO shares should reserve a queue online in advance. Please consider information related to booking queue online at https://www.kasikornbank.com/th/branch-register/Pages/index.aspx from 18 January 2021 onwards.