In the year 2023, Thailand’s economic activities began to return to normalcy as a result of economic stimulus measures, tourism promotion, and government investments in developing the transportation network. Consequently, these initiatives had a favorable impact on the transportation business sector. Thus, the operational results of Bangkok Expressway and Metro Public Company Limited “BEM,” a provider of expressway and MRT services, have steadily improved. Currently, the number of expressway users has nearly mirrored pre-COVID-19 pandemic level, particularly the Si Rat Expressway, which connects to Suvarnabhumi Airport, has a greater growth than other routes. This is demonstrating a surge in tourists’ travelling in tandem with an increase in the ridership of electric train, which has reached new-highs for the entire year. The positive factors which have contributed to these achievements include the development of areas along the service route and the opening of the MRT Yellow Line, which connects to the MRT Blue Line at Lat Phrao Station, resulting in passengers’ transit by and between the two lines. 
 

Financial Overview: BEM maintains a robust financial position characterized by consistence and predictable cash inflows despite the pollution crisis and climate change that are currently impacting on the world’s ecosystems. As such, the Company is committed to conducting its businesses by taking the Environment, Social, and Governance (ESG) principles into account. This approach aligns with the Company’ s goal in the pursuit of sustainable development while simultaneously carrying out sustainable financial management. To that end, the Company successfully undertaken issuance and offering sustainability bonds with a total value of Baht 6,500 Million this year for the 3rd consecutive year, with positive feedbacks from financial institutions and investors.

In its capacity as a listed company, BEM has carried out management based on the principles of good corporate governance, demonstrating efficient service delivery and a commitment to improving the quality of life. This dedication has engendered confidence among investors and stakeholders in sustainable business operations, resulting in consecutively received a 5-star rating or Excellent CG Scoring.   Moreover, BEM has achieved recognition in sustainability, receiving the results of the SET ESG Rating of sustainability bonds for 2023 at the AA level, by being selected as one of listed companies on the “Thailand Sustainability Investment” for the 7th consecutive year in the services category. Additionally, BEM has earned a position among the companies in the ESG100 securities group in the transportation & logistics sector, as well as being presented with a plaque of honor for being a Climate Action Leading Organization (CALO). Furthermore, the Company has been awarded the Thailand’s Top Corporate Brand 2023 as a company with the highest corporate brand in the transportation & logistics sector for the 4th consecutive year.

In respect of the operating results 2023, BEM has reflected its solid business fundamentals with a net profit of Baht 3,479 Million, an increase from the previous year by Baht 1,000 Million. The Board of Directors’ Meeting therefore resolved to propose the dividend payment for 2023 at the rate of Baht 0.14 each to be approved by the Shareholders’ Meeting.
 

On behalf of the Board of Directors, we would like to extend our gratitude to stakeholders of all sectors, including shareholders, service users, both the expressway and MRT systems, counterparts, public and private agencies, together with all executives and staff, for being a key role in providing the great sustained support in the Company’s business operation. We hold a sincere belief that the Company’s potential, efficiency, strength, and commitment to conducting the businesses with responsibility for stakeholders of all groups, with due consideration to the Environmental, Social and Governance (ESG) principles, will be crucial factors behind the Company’s business opportunities. This will facilitate the expansion of our transportation services, contributing to the continued growth of Thailand’s sustainable transportation service sector.