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Pilatus Marine Public Company Limited (PLT) filed a registration statement and draft prospectus with the Office of the Securities and Exchange Commission (SEC) for an initial public offering of ordinary shares. The first (IPO) of not more than 280,000,000 shares with a par value of 0.50 baht per share and will be listed on the Market for Alternative Investment (mai) with Sage Capital Company Limited as a financial advisor and KGI Securities. (Thailand) is the distributor and guarantee distribution.

PLT operates the business of transporting Liquefied Petroleum Gas (LPG) by ship and by car. As of June 30, 20, the Company has 19 gas tankers, ranging in size from 570 to 900 tons, with a total payload of 19,738.8 DWT and a total tank size of 25,494.398 million baht. m. and has 44 gas transportation vehicles (comprising 6-wheeled vehicles, 10-wheeled vehicles, towing vehicles and semi-trailers).

and has a subsidiary, World Wide Transport Company Limited (WWT), in which the Company holds 99.99% of registered and paid-up capital. To operate the business of gas transportation services by ship by hiring a gas tanker. From the company in the form of a time charter contract for a period of 10 years

for gas transportation business Providing services in the form of a contract for transportation in advance (Contract of Affreightment) and a contract for transport on a single trip (Spot Charter) where the target customers are gas distributors. big in thailand The transport route currently in service is a regional steamship route covering Thailand in the Gulf of Thailand. and a steamship near the shore Near-coastal countries include Cambodia and Vietnam.

The gas transportation business The main customers of the company are Group of traders, Section 7, Liquefied Petroleum Gas (LPG Pump) service station, LPG filling plant and industrial plants by the road transport route that the company provides Covering various regions of Thailand, including countries in the ASEAN region in the Greater Mekong Sub-region (CLMV), such as Cambodia, etc.

the purpose of using the money To invest in expanding the fleet of LPG and liquefied chemical gas tankers to replace the old boat and expanding the fleet to increase the capacity to transport liquid goods both domestically and internationally by 250-300 million baht, expanding the fleet of LPG trucks by 65 million baht, using in the installation of an internal ERP system of 15 million baht, improving the parking lot LPG trucks and construction of LPG truck maintenance plants regarding 12 million baht, the rest is used as working capital.

At present, the company has a registered capital of 480,000,000 baht, 960,000,000 common shares, 340,000,000 baht in paid-up capital. Major shareholder structure consists of Pilatus Corporation Co., Ltd. holding 340 million shares, representing 50%. After IPO, the proportion will be reduced to 35.42%. Wich Chimtawan and Chimtawan family Holding a total of 340 million shares, representing 50%, the proportion will be reduced to 35.41%.

Operating results during the year 2019-21 Revenue from transportation comes from 2 main business groups, namely, Liquefied Petroleum Gas Transportation Business Group. and liquefied petroleum gas transportation business by car, in the year 62, the revenue is 707.77 million baht, in the year 63, the income is 637.75 million baht, a decrease of 9.89%, in the year 64, the income is 665.34 million baht, an increase of 4.33%

while the net profit of the company and its subsidiaries in the year 2019 was at 74.90 million baht, in the year 63 at 39.48 million baht and in the year 64 at 58.28 million baht, representing a net profit of 10.58%, 6.19% and 8.76%, respectively.

For the first 6 months of the year 20, the revenue was 377.79 million baht, an increase of 66.72 million baht or 21.45% from the same period of the year 20, following the increase in transportation volumes from the demand for gas following the easing of the epidemic control of cattle. The coronavirus (Covid-19) and oil prices continued to rise due to the global economic conditions, leading to an increase in freight rates. while having a net profit of 27.38 million baht, representing a net profit margin of 7.25%

At the end of the first 6-month period of the year 65, the company had total assets of 825.99 million baht, total liabilities 384.15 million baht and shareholders’ equity 441.84 million baht.

The Company has a policy to pay dividends to shareholders at the rate of not less than 40% of the net profit from the separate financial statements following corporate income tax deduction. and various reserves All types as stipulated in the laws and regulations of the company.