2Q15 Business Update Opportunity Day, at The Stock Exchange of Thailand 3 September 2015 This information was prepared by Singha Estate Public Company Limited solely for information and discussion purposes
Di Discla laim imer 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
OVE VERVIEW 3
Singha Es Estate – Part t of f Boo oon Raw awd Brewery y Gr Grou oup • Singha Estate Public Company Limited (“S”) is a real Shareholding Structure /1 estate investment and development company – a subsidiary of Boon Rawd Brewery Co., Ltd. (“Boon Rawd Brewery” or “BRB”). Mr. Santi • Formerly Public Rasa Property Development Public Bhirombhakdi shareholders 33% Company Limited (“RASA”), S was created through a 21% reverse acquisition and a result of entire business Boon Rawd Brewery transfer of companies under BRB and Mr. Santi (Singha Beer Group) 46% Bhirombhakdi. • S’s business currently spans across 3 major sectors of property business: residential, commercial, and Paid-up share (shares) : 7,348,290,786 hospitality . Paid-up capital (Bt.mn.) : 5,715.33 Par value (Bt./share) : 1.00 Security symbol : S Sector : Property /2 Market cap. (Bt.mn.) : 30,863 Note: 1. As of 31 August 2015. 4 2. As of 31 August 2015 at the share price of Bt.5.40 per share.
The he Reverse Acquis isit itio ion Formerly RASA, S is incepted through business integration between RASA and companies Boon Rawd Brewery under BRB and Mr. Santi by means of entire business transfer in September 2014. DIVERSIFICATION BRB’s first listed company CORE BUSINESS Beer: Non-alcohol Beverage: Real Estate Market leader in Thailand soda water, drinking water, With the goal of entering into real estate and neighboring countries mineral water, and energy drinks development and investment business, S was created in 2014. Other F&B: food, restaurant 1 A 11.3-rai land (Asoke-Petchaburi) Packaging: glass bottle, carton, crate, and PET 2 A 2.0-rai land (Asoke-Montri) Real estate 3 A 30.5-rai land (Ekamai-Ramindra) New shares Mr. Santi Bhirombhakdi Rasa Property Plc. Singha Estate Plc. Paid-up share (shares) 549,998,401 4,712,350,732 Santiburi Beach Resort & 4 Spa – 5-star resort on Paid-up capital (Bt.mn.) 550.00 4,712.35 Samui Island Par value (Bt./share) 1.00 1.00 Security symbol RASA S New shares Sector Property Property Major shareholders Pinijchop Family BRB and Mr. Santi Note: The reverse acquisition was completed on 12 September 2014 . Soon afterwards the company’s name was changed from 5 “Rasa Property Development Plc.” to “Singha Estate Plc.”.
Busin usiness and nd Shar harehold ldin ing Str tructure Following the business integration, S restructured its business operations; its subsidiaries currently engage in residential, commercial, and hospitality developments and investments. Boon Rawd Brewery 100% Mr. Santi Bhirombhakdi Public Shareholders Singha Property Management 33% /1 46% /1 21% /1 A new set-up with professional Singha Estate (“S”) management Residential Commercial Hospitality Future ventures Development & Investment Development & Investment Investment & Management 51% High-Rise Landed Property Note: 1. As of 31 August 2015. 6
Boar oard of f Di Directors Professional experience in the past 5 years Directors • Director and CFO , Boon Rawd Brewery Co., Ltd. Chutinant Bhirombhakdi • Director , Thai Airways International Public Company Limited Chairman • Director-General, The Revenue Department of Thailand Satit Rungkasiri Independent Director / Chairman of Audit Committee • Director, Chumporn Palm Oil Industry Public Co., Ltd. Karoon Nuntileepong Independent Director / Audit Committee • Director and Audit Committee, Seppe Public Co., Ltd. Thana Thienachariya • Director and Audit Committee, SF Corporation Public Co., Ltd. Independent Director / Audit Committee • Director, Economics and Academy Committee, the Thai Chamber Thanavath Phonvichai, Ph.D. Independent Director of Commerce • Director and EVP , Singha Corporation Co., Ltd. Chayanin Debhakam • Manager - Internal Audit Office , Boon Rawd Brewery Co., Ltd. Executive Chairman • Senior Executive Vice President and CFO , Central Pattana Public Naris Cheyklin Executive Director Co., Ltd. • Chairman , Jones Lang Lasalle (Thailand) Longlom Bunnag Executive Director • Manager - Residential Development , Boon Rawd Brewery Co., Ltd. Nattavuth Mathayomchan • Project Manager , Land & House Plc. Executive Director 7
Executiv Ex tive Man anagement One of S’s top priorities is to recruit top management and key talents with in -depth real estate expertise. Name & current position Naris Cheyklin Position prior to joining S Chief Executive Officer Senior Executive Vice President and CFO Central Pattana Plc. Longlom Bunnag Dirk De Cuyper Terachart Numanit Chief Investment Officer Chief of Hotel Operation Chief Design and Construction Officer Chairman Executive Vice President - Technical Development Regional General Manager Thailand Jones Lang Lasalle (Thailand) Central Pattana Plc. Hilton Worldwide Methee Vinichbutr Nattavuth Mathayomchan Suphot Chaladol Chief Financial Officer Chief Residential Development Officer Chief of Santiburi Hotel Management EVP - Property and Infrastructure Fund Group Manager - Residential Development Managing Director SCB Asset Management Boon Rawd Brewery Co., Ltd. Santiburi Co., Ltd. 8
OPER ERATIONS RE RECAP 9
Key y Mile lestones 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 AUG NOV Strategically invested Acquired “ Phi Phi Island Village Acquired 51% in “ Nirvana “ Suntowers ” – a Beach Resort ” – a 112 keys 4-star Development Co., Ltd. ” hotel with 167 rais of land 64,000-sqm NLA – a well-established twin-towered grade landed property A office complex in FEB SEP developer prime location of Completed its business integration Acquired a BKK and change corporate name to 7.8-rai land plot “ Singha Estate Plc. ” (Rattanathibet) SEP EGM 1/2558 2014 14 2015 15 NOV JUN SEP Acquired a 4.5-rai land plot Increased capital Launch the condo (Bangrakyai) through RO & PP in Asoke SEP – DEC OCT (tentative) Fully refurbished “ Santiburi Beach Groundbreaking Resort & Spa ” – an initial 5-star hotel “ Singha Complex ” asset and re-opened in Dec 2014 Note: As of 31 August 2015 and subject to change. 10
Our ur Ass ssets S’s existing assets comprise residential properties for sales, retail space, unique hotels in Thailand’s top tourist destinations, and land banks in strategic locations for future development. 1 Residential 2 Commercial Hospitality 3 5-star hotel Landbank Investment in Nirvana Operating assets • Santiburi Beach Resort & • A 2.5-rai land (Asoke-Montri) – • The Lighthouse – approx. Spa (Samui Island, south “ Asoke Condo” 3,300-sqm NLA retail space of Thailand) – 78 keys • A 45.5-rai land (Charoen Nakorn) (Ekamai-Ramindra) • Suntowers Complex – • 51% stake in Nirvana 4-star hotel • A 4.5-rai land (Bangrakyai) Development Co., Ltd. approx. 62,000-sqm NLA • Phi Phi Island Village • A 13.5-rai land (Ramindra) • 10 years of experience in grade A office complex Beach Resort (Phi Phi • A 7.8-rai land (Rattanathibet) (Vibhavadi-Rangsit) mid to high-end landed Island, south of Thailand) – residential development Landbank 112 keys • A 11-rai land (Asoke- Petchaburi): 9 rais “ Singha Complex” & 2 rais for Remaining project value of future development approx. Bt.11,400 mn. /1 Note: 1. Company estimate as of 31 July 2015. 11
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