WHA

Editorial Team

WHA Group targets total revenue of 100 billion baht with 68.5 billion baht of investment over the next 5 years

WHA Group forecasts total revenue 100 billion baht over the 5-year period (2023 - 2027), fueled by an investment plan of 68.5 billion baht, while maintaining a high EBITDA margin of over 40%, and the company’s interest-bearing debt (IBD) to equity ratio lower than 1.2 times.

WHA Group announces its business strategies around five objectives: remain a domestic champion, by consolidating its No. 1position in its core markets; accelerate its international expansion, with a special focus on Vietnam; digital innovation and new technologies to enhance customer experience; ensure sustainable growth; and develop to a high-performance organization and a tech company through digitalization.

Ms. JareepornJarukornsakul, chairman and group CEO of WHA Corporation PCL.

“The year 2022 saw the return of international investors and economic recovery, with significant deals and value-addedprojects across our four business hubs, enabling us to achieveremarkable growth while maintaining our strong financial position and financing capability,” said Ms. JareepornJarukornsakul, chairman and group CEO of WHA Corporation PCL. “With our clear business objectives, we are strongly confident that we are well on track to transform into a tech company in 2024 and enjoy sustainable growth.”

In 2023, WHA logistics will pursue its expansion in Thailand while seeking new opportunities in Vietnam, with a focus on high-growth industries, long-term partnerships and innovative and sustainable practices.

In Thailand, WHA Logistics aims to continue capturing new demand in its strong foothold areas, including Bangkok, Bangna-Trad, and EEC provinces, as well as further growing its geographical footprint into other key logistics destinations covering major provinces and areas with proximity to major infrastructure projects.

WHA Industrial Development (WHAID) will extend its leadership in Thailand and broaden its national presence in Vietnam, while enlarging its product offering with advanced Smart-Eco Industrial Estates and high-value industrial projects.

In Thailand and Vietnam, WHA Industrial Development Plc. (WHAID) holds a total of 71,000 rai with 4,000 rai of land available for sale. Currently, WHAID has 12 industrial estates under operation in Thailand, including WHA Rayong 36 Industrial Estate (1,280 rai), fully completed in 2022.

There are 2 upcoming industrial estates. WHA Industrial Estate Rayong – Phase 1(1,100 rai) started construction last October, while WHA Saraburi Industrial Land 2 (2,400 rai) is expected to start construction in 2026. There are also 2 expansion projects, specifically WHA Eastern Seaboard Industrial Estate 4 Expansion (570 rai) and another 400-rai expansion of WHA Rayong 36.

In Vietnam, WHA Industrial Development is expanding its footprint on a national basis following a strategy of industrial expansion in selected key provinces for continuous long term investments, with 1 existing industrial zone and 2 upcoming projects representing a total of 20,950 rai.

WHA Industrial Zone 1 - Nghe An phase 1 (900 rai), is completed, equipped with the highest quality infrastructure, utilities and environmental care. Seventy-seven percent of Phase 1 is leased to customers whose activities span across sectors such as automotive parts, consumer products, materials and electronics. With sustained high demand for industrial land, the company is accelerating the development of subsequent phases with construction of Phase 2 (2,215 rai) underway.

In addition, WHA has signed Memorandums of Understanding (MOU) with Vietnam Province authorities to develop another 2 industrial zones.

The planning and license approval process has already started for ‘WHA Smart Technology Industrial Zone - Thanh Hoa’, covering 5,320 rai.