BPP Top 20 Client List

As Babylon Pump & Power targets annual turnover of $100m within five years, a question arises – where will the revenue come from?

The answer may be found in this list of the group’s top 20 clients.

While the list has an iron ore accent, BPP seems well placed to benefit from FMG’s bid to become a dominant hydrogen player, PLS’s bid to become a key battery metals player and Vesta’s bid to become a major wind energy player.

Further diversifying, BPP is now targeting the waste management industry.

Many of BPP’s ‘blue chip’ clients are ‘sticky’.

And many might buy more from BBP as it ramps up its water management operations.

Example: Fortescue. BPP directors noted at last week’s Investor Webinar that hydrogen's main ingredient is ‘pure water’.

Chairman James Cullen: “That water space has big opportunities.”

Here’s BPP’s top 20 client list in alpha order.

At the bottom of the list is Chinese-owned Yancoal, operator of Premier Coal, WA’s biggest coal miner.

Actually, Yancoal is one of BPP's best clients. Thus BPP recently announced it would be grossing $16m over three years for the overhaul of 44 Premier Coal machines.

Babylon Pump & Power's Top 20 Clients

1. Alcoa
2. Anglo American
3. BHP
4. Citic Pacific
5. Cleanaway

6. Emeco
7. Fortescue Metals Group
8. Griffin Coal
9. Hancock Prospecting Group
   10. MacMahon

   11. Mineral Resources
   12. Mount Gibson Iron
   13. Newcrest Mining
   14. Pilbara Minerals
   15. RioTinto

   16. South 32
   17. Suez
   18. Veolia
   19. Vestas Australian Wind Technology
   20. Yancoal

Footnote: BPP has not officially published the above list. I compiled the list using information disclosed in BPP Investor Presentations and other announcements over the last two years.