The Company strive to grow under the Total Packaging Solutions business model by offering a variety of packaging products and services, including glass packaging, plastic film, plastic caps, PET bottles, preform tubes, flexible packaging, and corrugated boxes.
To support all needs of customers in a variety of industries. To strive to be a leader in integrated packaging in Thailand with stability and sustainability, the Company has created innovation and quality packaging products that are environmentally friendly.
| 2023 | 2022 | 2021 | 2020 |
|---|
| Revenues | 15,116.30 | 14,366.61 | 12,476.38 | 11,025.31 |
| Expenses | 14,437.79 | 13,685.40 | 11,686.83 | 10,202.17 |
| Net Profit (Loss) | 324.44 | 506.61 | 523.40 | 516.41 |
| Assets | 19,139.78 | 16,055.40 | 18,707.70 | 17,948.91 |
| Liabilities | 13,931.21 | 11,182.31 | 13,218.97 | 11,790.45 |
| Shareholders' Equity | 4,818.68 | 4,522.06 | 4,384.80 | 5,109.05 |
| Operating | 1,441.49 | 1,958.15 | 2,172.40 | 1,926.28 |
| Investing | -3,566.68 | -810.32 | -2,039.02 | -1,246.79 |
| Financing | 2,062.31 | -1,099.16 | -101.72 | -707.45 |
| EPS (Baht) | 0.47 | 0.73 | 0.75 | 0.74 |
| GP Margin (%) | 13.46 | 12.24 | 16.88 | 18.68 |
| NP Margin (%) | 2.32 | 3.67 | 4.80 | 5.30 |
| D/E Ratio (x) | 2.67 | 2.29 | 2.41 | 1.91 |
| ROE (%) | 6.95 | 11.38 | 11.03 | 10.29 |
| ROA (%) | 3.95 | 4.06 | 4.46 | 4.69 |
The Company has a goal of elevating its business from a manufacturer and distributor of glass packaging to become a Total Packaging Solutions provider or a leader in integrated packaging. This is to strengthen the Company’s operations and support its plan to drive revenue growth average 5% per year in the next three years. The company's main strategies for 2023 are as follows:
- Continuously improving efficiency and reducing losses in the production process
- Introducing new technologies and innovations into the production process and in the development of new products
- Increasing sales to new customers and increasing product diversity, especially in other packaging businesses
- Focusing on raising awareness of “Total Packaging Solutions” capabilities among target customers
- Continually building relationships with partners throughout the supply chain
In addition, the Company is committed to sustainable business practices in terms of economics, society, and the environment. This is through innovative and modern technologies, focusing on improving work efficiency and managing the use of resources to maximize benefits for long-term sustainable growth.
The company plans to reduce greenhouse gas emissions by 10% by 2025 and 30% by 2026 to 2030, moving towards Carbon Neutral by 2050.
Advancing from ASEAN’s major glass container manufacturer to a total packaging solutions provider is a move to unleash our business potential. Our company focuses on building on the success of our core business and seizing new business opportunities.
In 2023, the Company continued to achieve strong revenue growth, reaching 15,005 MB. This was supported by the recovery of economic activity, particularly in the first and fourth quarters, which are the high seasons for the packaging industry. The reopening of the country led to a recovery in the tourism sector, which stimulated consumption of beverages and spending. This was evident in the improved demand for beer as well as soft drinks and water. Revenue from other packaging also grew, both in paper packaging and flexible plastic packaging. In 2023, Prime Packaging Company Limited, which the company acquired in the second quarter, continued to drive the growth of revenue from other packaging categories.
• 16 February 2023 : The investment in glass furnace no.1 maintenance (Cold Repair) of the Ayutthaya Glass Industry Company Limited according to the plan in order to increase the capacity and quality of glass packaging.
• 23 February 2023 : The establishment of a new subsidiary “BGC Supply Chain Management Company Limited”, in which the Company holds 100% of shares. This transaction would diversify the Company’s sources of revenue and support core business as the Company foresee growth opportunities in the supply chain management.
• 28 February 2023 : BGC Packaging Company Limited (“BGCP”), a wholly owned subsidiary of the Company, signed an agreement to purchase ordinary shares of Prime Packaging Company Limited (“Prime”), which is a manufacturer and distributor of flexible plastic packaging and plastic rolls. On March 30, 2023, BGCP received 75% of Prime’s ordinary shares.
• 18 April 2023 : Held 2023 Shareholders’ Annual General Meeting via Electronic Meeting
• 27 July 2023 : TRIS Rating affirms the Company’s rating at “A-”, with a “stable” outlook. Reflected BGC’s leading position in the glass container industry with sustained demand from its beverage customers, its moderate financial profile, and its business diversification into other packaging segments.
The Company is mainly aware of ESG risks to aim for achieving good results for the society and creating sustainable growth for the Company to promote a systematic and continuous risk culture for the whole organization along with being able to manage and prepare for the emerging risks. Therefore, the Company developed and improved the risk management system to be in line with both internal and external changes. Plans for assessing, reviewing, and monitoring risk management are established, while the guidelines, methods, and communication channels are determined to enable all stakeholders to understand the principles and processes of risk management to ensure that the risk management processes are systematically and continuously followed.
- The Company has been selected as one of the listed sustainable stocks “SET ESG Ratings” at level “AA” by the Stock Exchange of Thailand (SET).
- Received the Outstanding Innovative Company Awards from the project "Innovative energy in the glass production process" and the Outstanding Investor Relations Awards at the SET Awards 2023
| as of 28/12/23 | BGC | PKG | SET |
|---|---|---|---|
| P/E (X) | 17.46 | 30.56 | 18.42 |
| P/BV (X) | 1.10 | 1.48 | 1.36 |
| Dividend yield (%) | 5.74 | 2.66 | 3.32 |
| 28/12/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 5,381.94 | 6,944.44 | 7,361.11 |
| Price (B/Share) | 7.75 | 10.00 | 10.60 |
| P/E (X) | 17.46 | 13.66 | 13.23 |
| P/BV (X) | 1.10 | 1.55 | 1.67 |
