IR FAQ

What is the Company's revenue structure?

The Company’s core revenues is generated from three main businesses, including 53% from expressway business, 40% from rail business, and 7% from commercial development business.

Note: The revenue proportions are based on data from the first half of 2024.

Which expressway concessions does the Company operate?
  1. The Si Rat Expressway (Second Stage Expressway): SES Sector A, B, C, D
  2. The Prachim Ratthaya Expressway (Si Rat - Outer Ring Road Expressway): SOE
  3. The Udon Ratthaya Expressway (Bang Pa-in - Pak Kret Expressway): C+, operated by the subsidiary, Northern Bangkok Expressway Co., Ltd. (NECL), which the Company holds a 99.99% stake.
How does the Company earn revenue from expressway business?

The Company earns revenue from collecting tolls, and sharing the revenue with the Expressway Authority of Thailand (EXAT) as follows: 

Expressway

Company

:

EXAT

The Chalerm Mahanakorn Expressway
(First Stage Expressway)

40

:

60

The Si Rat Expressway Sector A, B

40

:

60

The Si Rat Expressway Sector C, D

100

:

0

The Prachim Ratthaya Expressway

100

:

0

The Udon Ratthaya Expressway

100

:

0
Which rail concessions does the Company operate?
  1. The MRT Blue Line Project (Chaloem Ratchamongkhon Line)
    • Hua Lamphong - Bang Sue Section (Hua Lamphong Station - Bang Sue Station)
    • Hua Lamphong - Bang Khae Section (Hua Lamphong Station - Lak Song Station)
    • Bang Sue - Tha Phra Section (Bang Sue Station - Tha Phra Station)
  2. The MRT Purple Line Project (Chalong Ratchadham Line)
    • Bang Yai - Bang Sue Section (Khlong Bang Phai Station - Tao Poon Station)
  3. The MRT Orange Line Project
    • Eastern Section: Thailand Cultural Centre - Min Buri (Suwinthawong), scheduled to begin service (COD) by January 2028
    • Western Section: Bang Khun Non - Thailand Cultural Centre, scheduled to begin service (COD) by 2030

 

How does the Company earn revenue from rail business?
  • The MRT Blue Line Project: The Company earns revenue from collecting farebox, with fare rate adjusts every two years based on Bangkok consumer price index for non-food.
  • The MRT Purple Line Project: The Company earns revenue from the operations and maintenance services (O&M) from the Mass Rapid Transit Authority of Thailand (MRTA).
What are the current traffic and Blue Line ridership volumes of the Company?

Currently, the average traffic volume was 1.1 million trips per day, and the average Blue Line ridership volume was more than 400,000 trips per day.

Note: Traffic and Blue Line ridership volumes are based on data from the first half of 2024.

How are expressway and rail businesses growing?

Under normal circumstance,

  • Expressway business grows about 1-2% annually
  • Rail business grows about 5-7% annually
What are the categories of commercial development business?

The commercial development business is operated through the subsidiary, Bangkok Metro Networks Limited (BMN), which the Company holds a 99.67% stake. This business includes the following three categories:

  • Advertising: provide procurement and/or production of advertising media
  • Telecommunications: provide service and maintenance for telecommunications system equipment
  • Retail space: provide rental retail space