WHA Group Q1 net profit of 1,365 million baht announces the offensive to expand the wings of “Green Logistics” at full speed.

Bangkok, WHA Corporation Public Company Limited or WHA Group shows hot form. Operating results for the 1st quarter of 2024 showed outstanding growth. Total income and profit sharing were 3,930 million baht and net profit was 1,365 million baht, an increase of 161% (YY). Announcement of moving forward to expand investment wings in "Green Logistics" in all dimensions, including electric transportation vehicles. Install charging systems and charging stations with a goal of signing contracts for 1,000 cars this year. WHA Corporation Public Company Limited or WHA Group reports operating results for the first quarter of 2024. The company has total revenue and profit sharing of 3,930 million baht, an increase of 61%, and net profit of 1,365 million baht, an increase. increased 161% respectively, while total revenue and normal profit share were 3,776 million baht, an increase of 56%, and normal profit was 1,284 million baht, an increase of 154% compared to the same quarter of the previous year. From the growth rate s of all 4 business groups that create continuously growing operating results. In addition, the shareholder meeting resolved to approve the payment of additional dividends for the year 2023 at the rate of 0.1170 baht per share, with the company scheduled to pay dividends on May 24, 2024, which reflects the potential strength of the financial position. and the continued growth of the WHA Group's operations Ms. Jareeporn Jarukornsakul, Chairman of the Executive Board and Group Chief Executive Officer of WHA Corporation Public Company Limited (WHA Group), revealed that the company continues to create growth in revenue and net profit. This is the result of the driving force of all 4 business groups, logistics, industrial estates. utilities, energy, and digital both in Thailand and Vietnam This is in line with the trend of moving investment bases and production bases of foreign investors. Including government policies that stimulate the attraction of foreign money into the country. As a result, the investment s ector has become lively again and supported the company's 4 business groups. Received benefits from such positive factors. Logistics business There is continuous growth. In the 1st quarter of 2024, a project rental contract was signed. Built-to-Suit and factories/ready-fabricated warehouses totaling 29,623 sq m and having short-term leases with high returns of 33,455 sq m, giving the company a total of 2,960,056 sq m of warehouse space under ownership and management. As a result, in the 1st quarter of 2024, the company recognized income from real estate rental business totaling 297 million baht. In addition, the company also focuses on the importance of introducing electric vehicles into the country's transportation sector. Under investment in the Green Logistics project that provides complete electric vehicle services, such as commercial electric transportation services. Installation of charging systems, charging stations along with the WHA Green Mobility Platform (W-GMP), a platform that helps increase ef ficiency in managing electric vehicles and batteries for customers. Most recently, the company has established Mobilix Company Limited (Mobilix ) The brand provides electric vehicle services to meet the needs of logistics service customers. As of the end of the first quarter of 2024, customers have successfully signed leasing contracts for more than 176 electric vehicles and expect that for the whole year There will be up to 1,000 more customers coming to sign contracts, according to the target the company has set. For the WHA Mega Logistics Center Thepharak Km. 21 project, after Phase 1 was fully occupied with tenants, the company therefore hastened the development of Phase 2 to accommodate more customers. Recently, a company producing/distributing pet equipment and animal food has signed an agreement to lease additional space of more than 10,800 sq m. from the original 46,200 sq m. and also plans to rent warehouse space in the phase. 2 Add approximately 9,000 sq m. 'Recently, the company launched the WHA Mega Logistics Center Bangna-Trad Km. 23 Project, Project No. 3, with a total area of ??more than 91,000 sq m on 102 rai of land in order to Supports industrial customers such as e-commerce businesses Product manufacturer and shipping service providers Along with plans to develop new projects on land of 300 - 400 rai in strategic logistics locations. This is in line with the increasing demand for high quality warehouse/factory space rentals. It has also collaborated with Daiwa House Industry Company Limited to open the logistics center 'DPL Vietnam Minh Quang' on a usable area of ??42,330 sq m within the Minh Quang Industrial Zone. deer Hung Yen Province Recently, the foundation stone was laid and construction began in February,' said Ms. Jareeporn. As for the plan to sell assets and/or leasehold rights to WHART and WHAIR trusts, totaling approximately 213,000 sq m, valued at approximately 5,290 million baht, the company is preparing to present to the WHART and WHAIR trust unitholders' meeting for approval. During the 2nd quarter of 2024, Industrial Estate Business, 1st quarter of 2024, the company had land transfers more than double from the same quarter of the previous year. This is a benefit from the continuous relocation of investment and production bases to Southeast Asia. with total land sales of 629 rai (Thailand 575 rai / Vietnam 55 rai) and total MOU signings of 715 rai (Thailand 669 rai / Vietnam 46 rai), resulting in the company A total of 2,130 million baht can be realized from the industrial estate business. At the end of the 1st quarter of 2024, the company had sales waiting to transfer ownership to customers (Backlog) as high as 1,087 rai (Thailand 1,052 rai / Vietnam 34 rai). Factors that cause land sales to increase Part of this comes from signing a land purchase contract with a customer. Major electrical appliances group from China Currently, the company has a total of 77,600 rai of industrial estates in both Thailand and Vietnam, including areas that are already in operation and under develo pment. There are 12 industrial estates currently under operation in Thailand. There are also industrial estate development projects. New and expanding industrial estates, totaling 7 projects on a total area of ??nearly 10,000 rai during the next 3 years, which will result in the company There is a total industrial estate area of ??more than 52,000 rai in 2027. The newest industrial estate project is the WHA Industrial Estate project. Eastern Seaboard 5 (3,400 rai), the company expects to begin construction by the end of 2024. In Vietnam, the Company has industrial zones already in operation and under development totaling 22,815 rai (3,650 hectares), consisting of WHA Industrial Zone 1 - Nghe An, of which Phase 1 is leased. The space is almost full, and Phase 2, which has leading electronics customers, has already rented more than half of the space in Phase 2. Due to the success of both phases, the company has therefore hastened the development of Phase 3, which is currently in the process of requesting a lic ense. Approval is expected within 2024. The company also plans to expand three new industrial zone projects in Thanh Hoa and Quang Nam provinces as well. Utilities Business (Water) Overall, the performance of the water business has continued to improve, resulting in the company Recognized income and share of operating profits from investments in associated companies in the utility business in the first quarter of 2024 equal to 771 million baht, with a total volume of water sales and management both domestically and internationally of 40.3 million cubic meters. It is the domestic water sales volume of 32.2 million cubic meters. Increased from the growth in the sales volume of all water products. Especially value-added water products and raw water with increased demand for water from energy and petrochemical customers. In addition, the company has signed a contract to provide high quality industrial water (Premium Clarified Water) with a production volume of 3.5 million cubic meters per year for the company. P TT Global Chemical Public Company Limited in the WHA Eastern Industrial Estate (Map Ta Phut), which is expected to open for commercial operations in September. While the volume of water sales and management in Vietnam increased in the first quarter of 2024, the Company's total water sales according to its shareholding proportion were 8.2 million cubic meters. Increased from sales volume and water management of the Duong River project that continues to grow From the expansion of service areas and the increased demand for water among existing customers and new customers. Electricity business: The Company recognizes its share of normal operating profits from investments in associates and joint ventures, excluding accounting profits/losses from exchange rates and income from the solar power business in the first quarter of 2024, equal to 352. million baht, with the share of normal profits from the overall electricity business increasing. From the recognition of the profit share of the GHECO-One power plant grou p that increased due to a decrease in maintenance shutdowns. In addition, the share of profits from the SPPs power plant group increased due to a decrease in natural gas costs compared to the previous year. For the solar power plant business, in the first quarter of 2024, the company signed an additional 16 solar power project contracts, divided into 15 private PPA projects with a production capacity of approximately 59 megawatts and 1 EPC Service project contract with a production capacity of approximately 59 megawatts. 1 megawatt, resulting in at the end of the first quarter of 2024, a cumulative total of 242 megawatts of private PPA project contracts had been signed. In addition, the company has a total solar power production capacity that is in commercial operation of 125 megawatts and a power generating capacity of Total according to shareholding percentage is approximately 792 megawatts. As for the projects that the company Selected by the Energy Regulatory Commission to obtain the rights. It is a dev eloper of solar power plants in the form of Feed in Tariff (FiT), Phase 1, 5 projects, with an electricity generating capacity according to the shareholding percentage of 125.4 megawatts. The company expects to be able to sign the power purchase agreement within the 2nd quarter. 2567 Digital Business: The Company moves forward in upgrading the organization in every dimension to become a Technology Company in 2024 under the mission "Mission To The Sun" by focusing on business transformation projects to digital. product creation and new added value Ready to enhance the business potential of the company Projects that have made concrete progress include the Green Logistics project, which is currently in the process of developing the WHA Green Mobility Platform (W-GMP) that combines various services. For business electric vehicle customers, from fleet management, route planning (Route Optimization) to station network connections. Charging electric vehicles (EV Roaming). The company expects to be able to launch th e W-GMP platform within the second quarter of 2024. With this platform, the company is considered the first electric vehicle service provider to provide complete services. A cycle that covers the entire ecosystem (End-to-end process) The company is also developing 12 AI Transformation projects that focus on using AI technology such as AI and ML Data Insight, AI Cybersecurity and Generative AI to drive the organization. which is a further development of more than 38 Digital Transformation projects of the company as well. At the same time, the company has been successful in offering bonds to institutional investors. and large investors The oversubscription amount exceeded the target by more than 3 times for the bond offering No. 1/2024 with a total value of 7,000 million baht in March. The company will use the money received from this bond issuance to repay existing debt. and/or used as working capital / investment / investment expenses To support the operations of the company. Source: Thai News Agency