The Pride of Property Business 1Q15 Busin iness Update te Opportunity Day, at The Stock Exchange of Thailand 2 June 2015 Singha Complex, due to open in 2017 Singha Complex, due to open in 2018 This information was prepared by Singha Estate Public Company Limited solely for information and discussion purposes
Disclaimer The information contained in this material has been prepared by Singha Estate Public Company Limited (“ S ”) solely for information purpose and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Singha Estate Public Company Limited (“S” and shares in S, “shares”). Some statements made in this material are forward ‐ looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies, and beliefs. The statements are based on our management’s assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward ‐ looking statements. Please note that S and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements. S undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. None of S’s executives/staff or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this material. Investor Relations Singha Estate Public Company Limited 2
Overvie iew 3
Singha Estate – Part of Boon Rawd Brewery Group • Singha Estate Public Company Limited (“S”) is a Shareh ehol olding Structure /1 /1 real estate e invest stmen ent and devel elop opmen ent company and a property arm of Boon Rawd Brewery Co., Ltd. (“Boon Rawd Brewery” or “BRB”) – the first Public and the largest brewery in Thailand. Khun Santi shareholders Bhirombhakdi 18% • 33% Formerly Rasa Property Development Public Company Limited (“RASA”), S was created through a Nirvana's shareholders reverse acquisition and a result of entire business Boon Rawd Brewery 3% transfer of companies under BRB and Khun Santi 46% Bhirombhakdi. • S’s business currently spans across 3 major sectors of Paid-up share (shares) : 4,898,860,524 property property business: business: residential, residential, commercial, commercial, and and hopitality. hopitality Paid-up capital (Bt.mn.) : 4,898.86 Par value (Bt./share) : 1.00 Security symbol : S Sector : Property /2 Market cap. (Bt.mn.) : 33,802.14 Note: 1. As of 27 May 2015. 4 2. As of 29 May 2015 at the share price of Bt.6.90 per share.
The Reverse Acquisition Founded in 1933, started from beer business, Boon n Rawd Brew ewer ery Co., Ltd. has Boon Rawd wd Brewer wery expanded its business into food & non-alcohol beverage, packaging, and real estate. DIVER ERSIFICA CATION ON BRB’s first listed company CORE BUSINESS SS Non-alcohol ohol Bever erage: e: Real Estate Beer & Alcohol hol: soda water, drinking water, Market leader in Thailand and With the goal of entering into real neighboring countries mineral water, and energy estate development and investment drinks business, S was created in 2014. Other her F&B: food, restaurant 1 A 11.3-rai land A d (Asoke-Petchaburi) Packaging ng: glass bottle, 2 A 2.0-rai land d (Asoke-Montri) carton, crate, and PET 3 A A 30.5-rai land (Ekamai-Ramindra) Real esta tate te New shares Khun Santi Bhirom ombhakdi Rasa sa Proper erty Public Company Limited ed Paid-up share (shares) Santiburi Beach Resor ort 549,998,401 4 & Spa – 5-star resort on Paid-up capital (Bt.mn.) 550.00 Samui Island Par value (Bt./share) 1.00 A 13.5-rai land (Ramintra) Security symbol RASA A 1.5-rai land (Watcharapol) New shares A 143.8-rai land (Lumlookka) Sector Property A 33.7-rai land (Don Muang) Note: The reverse acquisition was completed on 12 September 2014 with the change of the company’s name from “Rasa Property 5 Development Plc.” to “ Singha Estate Plc.”.
Business and Shareholding Structure Following the business integration, S restructured its business operations ; its subsidiaries currently engage in residential, commercial, and hospitality. Boon on Rawd Brew ewer ery 100% 100% Nirvana’s Public Khun un Santi nti Bhiromb ombha hakdi Sing ngha ha Prop oper erty ty Mana nagement ement shareh ehol older ers Shareh ehol older ers 33% /1 33% /1 46% /1 46% /1 3% /1 /1 18 18% /1 /1 Singha Estate (“S”) Resid siden ential Commer ercial Hosp spitality Devel elop opmen ent & Invest estmen ent Devel elop opmen ent & Invest estmen ent Invest estmen ent & Managem emen ent Max Futur ture Singha Proper erty ty S Hotel el Devel elop opment ment Managem emen ent (99.99%) (99.99%) (99.99%) Nirvana Devel elop opment ment S Hotel el Phi Phi Island nd. (51.00%) (99.99%) Phi Phi Village e Asset t Management ement (94.99%) Note: 1. As of 27 May 2015. 6
Value Proposition Stron ong suppor ort from the wealth and Support ort from m landbank accumulated ed over r 80 years s in Boon Rawd d Brewery ery addition on to busines ess alliance e and networ work with its beer er dist stributor ors s nation onwi wide e Rapid growt wth with well- M&A of recurrin urring g Propert perty y balanced ed earning prof ofile e thru income me-based ased developm lopment ent in smart invest vestmen ent and asset ets favorable rable market et product differ eren entiation on Professio fessional nal Profess ession onally run Fundin ing managem gement ent Partn tnersh ership ip & by prof ofess ession onals s through ugh REIT T Joint t Investm stment ent with good with in-dep epth real and spin-off off govern ernance ance estate e exper ertise se 7
Key Initiatives Expand nd into to Optim imiz ize Reinf inforce commercia ial l / mixe xed-use use hosp spita itali lity ty asse set resi sidentia ntial l expertise tise propertie ties • • • Capita talize e on existin ting prop oper erty ty and Build a quality ty-or oriented ented brand nd Capitalize on team’s retail and oppor ortun tunitie ties to fur urther ther improv ove e prof ofits comm mmer ercial asset t management ement and - Continue with the development exper ertis ise e - Refurbishments and enhancements of quality low-rise and high-rise projects - Introduce differentiated mixed- - Room rate and occupancy use concept optimization • Prov ovide e recurring ng earni nings platfor orm for expans nsion on - Hospitality majority of earnings in early stages Rapid expansi sion on through invest stmen ent and M&A 8
Operatio tions ns 9
Key Milestones With an ambition to be market leader across real estate sectors, S has continuously expanded through acquisition of green and brown-field assets, investments and partnership. APR SEP NOV Strategically invested Pre-sale of the NOV Acquired “ Phi Phi Island nd 51% in “ Nirvana condo in Asoke Acquired a 4.5-rai Village e Beach Resort ” – a Devel elop opment ment Co., Ltd. ” SEP land plot 112 keys 3-star hotel – a well-established (Bangrakyai) with 167.3 rais of land Completed its business low-rise residential DEC (ten entative) e) integration and change developer Groundbreaking corporate name to “ Singha ha Complex ex ” “ Singha ha Estate e Plc. ” 2014 2014 2015 SEP – DEC FEB JUN Fully refurbished an initial asset Acquired a 7.8-rai Increase capital “ Santi ntibur uri Beach Resort t & Spa ” – a land plot through Rights 5-star hotel and re-opened in Dec 2014 (Rattanathibet) Offering & Private Placement Note: As of 31 May 2015 and subject to change. 10
Our Assets S’s existing assets comprise residential properties for sales, retail space, unique hotels in Thailand’s top tourist destinations, and landbank in strategic locations for future development. Resid siden ential Commer erci cial Hosp spitality Inven entor ories es (dev evel elop oped ed by Invest estmen ent in Nirvana Retail space e (dev evel elop oped ed 5-st star hotel el RASA) by RASA) • Santiburi Beach Resort & • Intro Condo (Pradipat) • The Lighthouse – a Spa (Samui Island, south approx. 3,300-sqm NLA • Maxx Ville Townhomes of Thailand) – 78 keys retail space in Charoen (Don Muang) • 51% stake in Nirvana 3-st star hotel el Nakorn area Development Co., Ltd. Landbank • Phi Phi Island Village • Registered capital of • A 2.5-rai land (Asoke-Montri) Landbank Beach Resort (Phi Phi Bt.879mn. • A 30.5-rai land • A 11.3-rai land (Asoke- Island, south of Thailand) • 10 years in operation (Ekamai-Ramindra) Petchaburi) – 112 keys • Products include single- • A 4.5-rai land (Bangrakyai) detached house, home • A 13.5-rai land (Ramindra) office, townhome, and • A 7.8-rai land (Rattanathibet) condo Note: 1. As of 31 December 2014. 11
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