Analyst Meeting 2015 End of Year Results and 2016 Business Plan
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Agenda 1. FY2015 Financial Results 7. 2016 Business Plan 2. Presales 8. Five Year Plan 3. Backlog 9. Mitsui JVs 4. Launched 10. IoT Smart Home - Q4 Launched 11. BIM and TQPMS 5. Transferred 12. Company View - Cancelation Rate 13. Mass Transit Network Updates -Mortgage Rejection Rate 6. 2015 Summary 14. Dividend 3
4% YoY increase in total revenue 2015 Financial Performance Highlights Total Total Revenue Revenue 15,000 11,025 10,580 26% YoY increase in presales 1,427 10,000 902 Others 2,295 2,104 40,000 Rev - Housing 34,828 5,000 35,000 7,494 7,383 Rev - Condo 30,000 26,235 - 25,000 FY2014 FY2015 20,898 20,000 14,954 Launches 459% QoQ in net profit 39% YoY in net profit 15,000 Presales 1,000 10,000 5,000 800 - 600 FY2014 FY2015 900 Net Profit 400 647 Record Housing Presales 200 161 Record Condo Presales - 4Q14 3Q15 4Q15 Record Launches 7% YoY dropped in net profit Record Backlog 1,350 1,300 %Selling Expenses to Presales down 1,250 Net Profit %Admin Expenses to GDV down 1,301 1,200 1,207 Net IBDE below target 1,150 FY2014 FY2015 Unit : M Baht 4 4
FY2015 Financial Statements FY2015 FY2014 % Y-o-Y M Baht % M Baht % Total revenue 11,025 100% 10,580 100% 4% Revenue from sale of real estate 9,598 87% 9,678 91% (1%) Gain on sale of project land 0 0% 110 1% (100%) Other incomes 1,427 13% 792 7% 80% Gross Profit 4,159 39% 3,927 38% 6% SG&A 2,166 20% 2,059 19% 5% Selling expenses 1,151 10% 1,093 10% 5% Administrative expenses 1,015 9% 967 9% 5% Other expenses 0 0% 3 0% (100%) Share of Profit (Loss) (477) (4%) (293) (3%) N/A EBIT 1,801 16% 1,823 17% (1%) Interest expenses 254 2% 227 2% 12% EBT 1,547 14% 1,596 15% (3%) Tax 341 22% 294 18% 16% Net Profit (Loss) 1,207 11% 1,301 12% (7%) Earnings per share (baht) 0.36 0.39 (7%) Net Profit excluding gain on land sale 1,207 11% 1,247 12% (3%) 5
4Q/2015 Financial Statements 4Q2015 3Q2015 4Q2014 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Total revenue 5,426 100% 2,665 100% 4,247 100% 104% 28% Revenue from sale of real estate 4,948 91% 2,251 84% 3,873 91% 120% 28% Gain on sale of project land 0 0% 0 0% 0 0% N/A N/A Other incomes 478 9% 414 16% 374 9% 15% 28% Gross Profit 1,998 37% 994 38% 1,692 40% 101% 18% SG&A 724 13% 611 23% 897 21% 18% (19%) Selling expenses 412 8% 352 13% 665 16% 17% (38%) Administrative expenses 311 6% 259 10% 231 5% 20% 35% Other expenses 0 0% 0 0% 0 0% N/A N/A Share of Profit (Loss) (144) (3%) (152) (6%) (142) (3%) N/A N/A EBIT 1,211 22% 295 11% 856 20% 310% 42% Interest expenses 68 1% 54 2% 74 2% 24% (9%) EBT 1,144 21% 241 9% 781 18% 374% 46% Tax 244 21% 80 33% 135 17% 204% 81% Net Profit (Loss) 900 17% 161 6% 647 15% 459% 39% Earnings per share (baht) 0.27 0.05 0.19 459% 39% Net Profit excluding gain on land sale 900 17% 161 6% 647 15% 459% 39% 6
4Q/2015 Financial Highlight 4Q2015 3Q2015 4Q2014 % Q-o-Q % Y-o-Y M Baht M Baht M Baht Cash balance 2,573 2,230 2,477 15% 4% Assets 20,471 20,809 17,088 (2%) 20% Interest bearing debts 8,682 9,940 7,614 (13%) 14% Liabilities 11,743 12,964 10,175 (9%) 15% Shareholders' equity 8,727 7,845 6,913 11% 26% D/E ratio (times) 1.4 1.7 1.5 (18%) (9%) Net IBDE ratio (times) 0.7 1.0 0.7 (29%) (6%) 7
2015 Revenue & Profit with Analyst Consensus Actual Analyst Consensus 1,207 M Baht 1,177 M Baht Net Profit Actual Analyst Consensus 11,025 M Baht 11,308 M Baht Total Revenue Note : Analyst consensus from 12 Brokerage Firms 8
2015 Business Plan – All Time Record Presales Condo Housing Total 738 Quarter (M Baht) (M Baht) (M Baht) 958 Unit : Mil Baht Quarter 1 8,617 738 9,355 1,206 1,032 8,617 Quarter 2 2,050 1,065 3,115 6,598 1,065 5,003 Quarter 3 5,003 1,206 6,209 3,973 2,050 Quarter 4 3,973 1,032 5,005 1Q15 (A) 2Q15 (A) 3Q15 (A) 4Q15 (F) 4Q15 (A) 1Q15 (A) 2Q15 (A) 3Q15 (A) 4Q15 (F) 4Q15 (A) Quarter 4 6,598 958 7,556 Condo Housing Actual Q4/2015 Presales Grand Total 22,268 3,967 26,235 above our latest guidance 51% 2015 Presales above our initial All Time Record All Time Record All Time Record on Presales on Condo on Housing guidance 14% 2015 Presales 26,235 M Baht 9 9
2015 Sales Updated: Dec 31, 2015 No. 1 Combined Condo Sellers in Thailand for 2014 and 2015 No. 2 Condo Sellers in Thailand for 2014 and 2015 Unit:M Baht 20,000 2015 35,000 15,000 30,000 10,000 5,000 25,000 - Unit:M Baht 20,000 15,000 20,000 2014 Unit:M Baht 15,000 10,000 10,000 5,000 5,000 - - -5,000 ANAN LPN AP SPALI PS SIRI LH QH SC Value Net Sales Backlog Unsold Inventory Project (M Baht) (M Baht) (M Baht) (M Baht) Housing (Existing) 7,447 1,537 368 3,764 Condo (Existing) 44,670 2,294 21,550 6,301 Sub total (Existing) 52,116 3,831 21,918 10,065 Housing (2015 Launched) 2,921 1,014 487 1,907 Condo (2015 Launched) 31,907 14,766 14,766 17,141 Sub total (2015 Launched) 34,828 15,780 15,253 19,048 86,944 19,611 37,171 29,113 Grand Total Note: 2014 and 2015 Anan’s net presales with Peers’ presales from BLS Research 10 10
Key Highlight ( AMC & Urban Pulse ) 2015 Exclusive Presales event for AMC and VIP customers • IDEO Urban Pulse @ Siam Paragon: Launch 4 new projects • AMC Event 11 11
Brand Launching and RTM Campaign 2015 Ready to move Campaign Grand Opening 3 New Projects Grand Opening 1 New Project
Record Backlog Updated: Dec 31, 2015 B acklog 65% of 2016 secured by 37.2 Bn Baht Backlog 16,789 10,797 6,713 9,585 2,124 4,696 2,211 6,987 5,607 4,888 3,088 855 Unit: M Baht 2016 2017 2018 2016 2017 2018 Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Mitsui's Share Ananda's Backlog - Housing Backlog as of December 2015 Backlog as of Backlog as of Dec 2014 Dec 2015 Presales Presales from New 37.2 27.1 Cancelled Transferred from Existing Launches 6.6 Bn Baht 9.6 Bn Baht 8.1 Bn Baht Bn Baht 18.1 Bn Baht Bn Baht 13 13 13
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