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Business Overview

       
BUSINESS HIGHTLIGHTS 2022
 
 
  SCG  
 
     
Consolidated revenue from sales registered at 569,609 Million Baht, an increase of 7% from the previous year mainly from Packaging Business (SCGP) and Cement and Building Materials Business. Consolidated EBITDA decreased 33% from the previous year to 61,912 Million Baht. Correspondingly, profit for the year registered at 21,382 Million Baht, a decrease of 55% from the previous year, largely resulted from Chemicals Business (SCGC). Profit excluding key items would have been 23,270 Million Baht, a decrease of 50% from the previous year.
 
     


  Cement and Building Materials Business  
 
     
Revenue from sales registered at 204,594 Million Baht, increased 12% from the previous year. EBITDA registered at 17,540 Million Baht, decreased 7% from the previous year. Profit for the year registered at 3,789 Million Baht, decreased 11% from the previous year. Normalized profit registered at 4,670 Million Baht, decreased 41% from the previous year due to higher production cost. The business managed to retain its leadership position in ASEAN market through developing new products and services, offering High-Value-Added product and services & solutions to address fast-evolving consumer needs, delivering social and environmental-friendly products by adjusting production operations and developing products with less CO2 emission for environment and sustainable society and communities, and fostering a good relationship with customers via various channels continuously.
 
     


  SCGC (Chemicals Business)  
 
     
Revenue from sales was 236,587 Million Baht, decreased 1% from the previous year, as a result of lower sales volume from operating rates adjustment due to the global weak demand, as well as the turnaround of the olefins plant. EBITDA decreased 57% to 17,745 Million Baht due to lower chemicals spread from higher feedstock cost along with the rising oil price and weak demand. Profit for the year was 5,901 Million Baht or decreased 80% from the previous year due to lower spread and equity income from associates. SCGC continues to maintain its leadership in ASEAN through; focusing on the commercial start up of Vietnam’s first fully integrated petrochemicals complex (LSP), expanding the sales of Green Polymer products in response to the Circular Economy Principle as well as creating new business growth opportunities, for example, the joint venture agreement with Denka Company Limited (Denka), Japan, to manufacture and distribute Acetylene Black, used as a component in the production of lithium-ion batteries to support mega trend in electric vehicles.
 
     


  SCGP (Packaging Business)  
 
     
SCGP’s total revenue from sales recorded at 146,068 Million Baht, increased 18% from the previous year mainly supported by business growth through both Merger & Partnership (M&P) and organic expansion. EBITDA reported at 19,413 Million Baht decreased by 8% from the previous year and Profit for the year was 5,801 Million Baht, decreased by 30% from the previous year as a result of heightened energy cost and contraction of packaging paper sales volume in the midst of weakened global demand. Nonetheless, packaging industry is heading toward a recovery especially in ASEAN supported by improved momentum in tourism, import and export activities, as well as improved supply chain’s situation in various industries. SCGP has proceeded on building growth with quality through prioritized expansion, along with continuous pursuit of cost saving via optimization. In addition, SCGP has aimed at strengthening operation in ASEAN, together with enhancing customer network into high growth regions.
 
     


  Others  
 
     
EBITDA registered at 9,105 Million Baht, decreased 16% from the previous year. Profit for the year was 8,796 Million Baht, increased 8% from the previous year. This was attributed to the operating results of Investment Business that recorded EBITDA inclusive of dividend from associated companies of 7,417 Million Baht and profit for the year of 10,033 Million Baht after deducting general and administrative expenses.