BSRC Welcomes Analysts and Institutional Investors, Showcases Refinery Strength and Business Prospects

Bangchak Sriracha Public Company Limited (BSRC) welcomed over 100 energy analysts, institutional investors, and representatives from international financial institutions to its Bangchak Sriracha Refinery in Sriracha, Chonburi on 29 November 2024. This event marks the first time BSRC has hosted energy analysts, institutional investors, and representatives from leading financial institutions since joining Bangchak Group in late 2023.

BSRC Management team led by Mr. Bundit Hansapaiboon, Director and Chief Executive Officer, Mr. Warakorn Kosolpisitkul, Senior Executive Vice President, Marketing Business, Mr. Anuwat Rungruangrattanagul, Senior Executive Vice President, Refinery & Operation, and Mrs. Matana Sutatham, Chief Finance Officer, warmly welcomed the visitors. They provided an overview of the company’s key milestones, the robust capabilities of Bangchak Sriracha Refinery, and BSRC’s financial strategies and goals, which include:

• Strategic Investments: BSRC plans for investment during 2025 to 2030 to enhance refinery efficiency, improve the ability to accommodate crude oil from very large crude carriers (VLCC) via a multi-point buoy mooring system, and expand its non-oil businesses. The investment also aims to upgrade service stations to meet diverse customer needs and develop energy-efficient practices aligned with its vision of becoming a sustainable low-carbon business.
• Production Targets: BSRC aims to continuously increase its crude run rate to reach more than 150,000 barrels per day by 2030.
• Financial Efficiency: BSRC is targeting an annual EBITDA of no less than 10,000 million Baht through comprehensive management strategies.

BSRC has the strong synergy with Bangchak Group including BCP Trading Pte. Ltd. (BCPT) that plays a pivotal role in sourcing crude oil and exporting petroleum products for BSRC, servicing 26 countries worldwide.

Additionally, BSRC has been upgraded its company rating and senior unsecured debentures rating to “A+” from “A” with a “stable” outlook by TRIS Rating, effective from 30 September 2024, reflecting BSRC’s solid standing amidst global market volatility.

The visit to Bangchak Sriracha Refinery reinforced investors’ confidence and underscored BSRC’s commitment to energy security and sustainable growth. Guided by its vision of “Shaping sustainable future with premier energy through innovative solutions”, BSRC continues to commit as one leader in the energy industry