Chairman's Statement
Thai Beverages Public Company Limited (ThaiBev) is a multi-faceted conglomerate which was created in 2003 when a total of 63 subsidiaries were brought together into one vertically integrated, highly diversified organisation that now produces some of the world's best known drinks brands.
The company integrates all aspects of the drinks business including operating liquor and beer production facilities, marketing, sales and distribution businesses, bottling and packaging operations as well as an alcohol business that feeds the liquor industry and beyond.
We currently have a liquor production capacity of 87,777.8 thousand cases per year and a beer production capacity of 10,900.0 thousand hectolitres per year although investment is already underway to increase our beer production capacity by a further 4,600.0 thousand hectolitres in order to meet demand growth for our brands, both in Thailand and the rest of the world.
In addition to increasing production capacity we have continually developed and implemented new waste management techniques resulting in a number of by-products from our production activity including animal feed, organic fertiliser, bricks and bio-fuels.
These and other additional revenue sources, coupled with a continued focus on improving business efficiencies elsewhere has smoothed the way for increased investment in our priority brands. These brands now have strong identities and clear values which continue to differentiate them from their competitors. We have achieved this not only through ardent, long term investment behind the brands but by ensuring a focus on areas where maximum brand impact was assured.
An example of this investment is the sponsorship of the Premiership Football Club Everton. This has dramatically increased the visibility of the Chang beer, throughout Thailand, Asia and the rest of the world. Moving forward, we are committed to continued investment behind our brands and securing further strategic marketing investments.
In 2005, total consolidated revenues of the company were Baht 92,091.2 million delivering an operating profit before financing income and expense of Baht 16,536.7 million. The recent public listing of ThaiBev on the Singapore stock exchange is just the latest step towards our aim of becoming Asia's leading drink's company.
