Company Presentation My Life My Origin A nalyst M eeting Q3’2018 12 N ovem ber 2018
2 Disclaimers The information ( “ Confidential Information ” ) contained in this presentation provided by Origin Property Public Company Limited is strictly confidential and is for information purposes only 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 Origin Property Public Company Limited ( “ Company ” , and shares in the Company, “ Shares ” ) in any jurisdiction, not should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduce in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated to any other person either in your organization or elsewhere, without the prior written consent of the Company. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company. In addition, this presentation contains projection and forward-looking statements that reflect the Company ’ s current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur that projects will be achieved, or that the Company ’ s assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events or otherwise. These statements can be recognized by the use of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions. Although care has been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the Confidential Information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company. None of the Company, or any of their respective members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.
Presentation Outline 3 1 Q3 ’ 2018 Key Highlights Q3’2018 and 9M2018 Key Operation and Financial Highlights 2 Q4 ’ 2018 Update 3 Backlog Profile And LTV Effect 4 Source of Fund Strategy 5
Company Overview 4 as of November 2018 ORIGIN EMPIRE C ondominiums H ouse R ecurring I ncome S ervice S olutions 53 53 Projects Projects 3 Project Project 5 Pr Projec ojects Reven venue ue is is mo more re than n Projec Pr oject va value ue 81,29 81,293 3 MB MB Pr Projec oject va value ue 3, 3,700 0 MB MB Pr Projec oject va value ue 11 11,5 ,500 00 MB MB 10 100 0 MB per ye year (Calc alcula ulated ted by In Income come ap approac proach h me method) thod)
Q3 2018 Key Highlights 5 Ne New J w JV V One Origin 24 Presa Pr esale le 75 75% with Nomura Real Estate “ One SKV24, One Phromphong " Sep Sep Sep Sep New New JV JV Pr Presa esale le 65 65% % (VVIP) with Nomura Real Estate
Joint Venture Projects 6 x TOTAL PROJECT VALUE 30,000 MB. Condominium Hotel & Mixed use ORIGIN GIN 24 4 KNI NIGHTSBR GHTSBRID IDGE GE PA PARK K ORIGIN GIN KNI NIGHTSBR GHTSBRID IDGE GE KNI NIGHTSBR GHTSBRID IDGE GE KNI NIGHTSBR GHTSBRID IDGE GE PAR PARK K ORI RIGIN GIN STAY ST AYBRID IDGE GE SU SUITE TE SUKHUMVIT 24 PRIME-RATCHAYOTHIN SPACE-RATCHAYOTHIN THONGLOR RATCHATHEWI PRIME - ONNUT COLLAGE-RAMKHAMHAENG THONG LOR “ One SKV24, One Phromphong " 2,500 ,500 MB MB 2,000 ,000 MB MB 2,700 ,700 MB MB 3,000 ,000 MB MB 2,500 ,500 MB* MB* 1,600 ,600 MB MB 12,000 2,000 MB MB 3,700 ,700 MB* MB* *Calculated by income approach method
Q3 ’ 18 New Project Launched 7 LOCATIO ATION : Phayath : P hayathai Road. ad. ( 200 M. M. From BTS/APL PHAYATHAI ) LAND PLOT D PLOT SIZ IZE : : 2 2 – 1 – 36 36.3 .3 Rai ai PROJ ROJEC ECT T TYPE TYPE : High ri : h rise e Condomi ndominium nium 35 35 Sto tore reys ys 4 4 Bas aseme ments nts PROJ ROJEC ECT T VA VALUE UE : 4, : 4,600 600 MB MB TO TOTA TAL L UNIT IT : : 55 550 0 Unit nits LAUNC UNCHED HED DA DATE TE : : SEP EPTEMBE TEMBER R 2018 2018 EX EXPEC ECTE TED D TR TRANSFER ANSFER : Q : Q4 ’ 20 2021 21 %SOLD LD : : 75 75% % (AS OF OCTOBER 2018)
8 Q3 ’ and 9M2018 Key Operations and Financial Highlights
Key Operation Highlights 9 2018F : Target launch of new projects around 25,500 MB (+68%) New Target Pre-Sale 24, 24,000 000 MB MB (+63%) Ne +68 68% 30,000 30,000 +63 63% 25,500 YT YTD (11 Nov ’ 18) 24,XXX 25,000 25,000 20,000 20,000 Actual 14,757 22,600 Actual 15,150 15,000 MB 15,000 22,496 11,340 10,844 9M ’ 18 18 10,000 10,000 6,955 5,356 5,000 5,000 - - Y2015 Y2016 Y2017 Y2018F Launch 6,955 11,340 15,150 25,500 Pre-Sale 5,356 10,844 14,757 24,000 Actual L - - - 22,600 Actual P - - - 22,496
Key Financial Highlights 10 Solid Growth YoY
Key Financial Highlights 11 Superior Growth Profile over Years Re Reven venue ue Pr Presale sale +104 104% % YoY Unit: M.Baht 166 166% % YoY Unit: M.Baht 22,496 12 10,693 14,757 9,988 15 +61 61% % YoY 10 3,733 11,024 10,844 10,946 8 +106 106% % YoY 10 3,487 6 6,813 6,813 4,035 4,014 5,356 3,199 4 5 4,387 2,055 1,606 1,960 2 1,366 2,776 1,735 1,611 1,435 1,235 - 773 - Y2015 Y2016 Y2017 Q3'17 Q3'18 9M17 9M18 Y2015 Y2016 Y2017 Q3'17 Q3'18 9M17 9M18 Net Ne t Pr Profit fit Gr Gross ss Ma Margin rgin Unit: M.Baht Unit: M.Baht +108 108% % YoY +148 148% % YoY 3.0 30% 4 50% 40% 22% 4 35% 2.5 25% 3,566 40% 20% 3 2,400 3,102 2.0 20% +60 60% % YoY +67 67% % YoY 3 30% 2,021 45% 1.5 15% 47% 2 24% 40% 20% 22% 2 43% 1,718 1.0 10% 20% 28% 1,429 47% 1 967 1,302 19% 892 10% 0.5 5% 556 638 861 1 779 386 0.0 0% - 0% Y2015 Y2016 Y2017 Q3'17 Q3'18 9M17 9M18 Y2015 Y2016 Y2017 Q3'17 Q3'18 9M17 9M18
Backlog Profile 12 Total Backlog 34,953 MB Ready Re dy to mo move 6, 6,98 988 8 MB MB 20 20% Pr Pre-Sales Sales 27 27,965 ,965 MB MB 80 80% Backlog, which will be recognized revenue Y2018-2020 is about 25,896 MB. Backlog, which will be recognized revenue Y2021 is about 9,057 MB.
14 Q4 ’ 2018 Update
2018 Launch Plan : 25,500 MB Q3 ’ 18 Q1 ’ 18 Q2 ’ 18 Q4 ’ 18 4,600 ,600 MB MB 12,000 2,000 MB MB 2,300 ,300 MB MB MEGA ME GA TOW OWN BAN N BANGN GNA 1,900 ,900 MB MB 2,700 ,700 MB MB BA BANG NGNA NA K KM. M.12 12 1,000 ,000 MB MB 1,000 ,000 MB MB
Q4 ’ 18 New Project Launched 16 LOCATIO CATION : : Th Thong onglor lor So Soi 10 10 LAND PLOT D PLOT SIZ IZE : : Approx. prox. 6 6 – 0 – 18 18.5 .5 Rai ai PROJ ROJEC ECT T TYPE TYPE : : High ri h rise e Condomi ndominium nium 3 3 Build lding ing / 39 39,5 ,53,54 3,54 Sto tore reys ys PROJ ROJEC ECT T VA VALUE UE : : 12 12,000 ,000 MB MB TO TOTA TAL L UNIT IT : : 1, 1,182 182 Unit nits LAUNC UNCHED HED DA DATE TE : : NOVE VEMB MBER ER 2018 2018 EX EXPEC ECTE TED D TR TRANSFER ANSFER : Q : Q4 ’ 20 2021 21
Q4 ’ 18 New Project Launched: Housing Brand 17 Location Bua Na Ka Rin Rd. (Bangna Trad – Samutprakarn) Land Area 55-3-63.89 Rai Launched date Dec 2018 Project Value 1,900 MB Total units 272 Units Semi-Detached House 148 Units Townhouse 124 Units Sukhaphiban 6 Rd. Location (Bangna Trad KM.12) Land Area 39-2-82.4 Rai Launched date Dec 2018 Project Value 1,000 MB Total units 182 Units Location Namdaeng-Bangplee Rd. Detached House 182 Units (Srinakarin) Land Area 22-3-79.7 Rai Launched date Nov 2017 Project Value 800 MB Total units 149 Units Detached House 15 Units Semi-Detached House 134 Units
Q4 ’ 18 New Project Launched 18 PRODU ODUCT CT MI MIXE XED D Semi-Detached House 148 Units Town House A Width 5.70 m. 112 Units Town House B Width 5.30 m. 12 Units Tota tal l Un Unit 472 72 Un Units ts LOCATI ATION ON Bua Na Ka Rin Rd. ( Bangna Trad – Samutprakarn ) PROJECT OJECT LAND ND AREA EA 55-3-63.89 PROJECT OJECT VA VALUE UE 1,900 MB
FACILITIES Main Gate / Clubhouse / Main Park BRITANIA ME MEGA GA TO TOWN WN-BAN BANGN GNA
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