COMPANY PROFILE SET Digital Roadshow 21 March 2019 SET Digital - PowerPoint PPT Presentation

COMPANY PROFILE SET Digital Roadshow 21 March 2019 SET Digital Roadshow| 21 Mar 19

Disclaimer The information (the “Information”) contained in this presentation is strictly confidential and is provided by Nirvana Daii Public Company Limited (“NVD”) solely for information purpose and does not constitute an offer or invitation to sell or the solicita tion of an offer or invitation to purchase or subscribe for share in NVD. Any such purchase should be made solely on the basis of the information contained in the announcements to the Stock Exchange of Thailand relating to such securities. No reliance may be placed for any purposes whatsoever on the information set forth in this presentation or on its completeness. 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 reproduced 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 NVD. This presentation contains projections and forward‐looking statements that reflect NVD's current views with respect to future events and financial performance. These views are based on our management’s assumptions and beliefs in light of the information cur rently available to us including 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 our control. Although care has been taken to ensure that the Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the 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 NVD. You are cautioned not to place undue reliance on these forward looking statements. No assurance can be given that future events will occur, that projections will be achieved, or that NVD's assumptions are correct. Please note that NVD and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these Information. NVD 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 NVD’s executives/staff or any of its agents, or all of their respective af filiates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever. 2 SET Digital Roadshow| 21 Mar 19

Agenda Introductory FY19 Business Direction: ▪ NVD in Perspectives Nirvana LIVING REVOLUTION 2019 ▪ NVD’s Ultimate Goal ▪ Modern Living Design ▪ Strategic Direction: Quality of Growth ▪ Modern Living Innovation ▪ Strategic Partnerships FY18 Recap Business Outlook ▪ 2018 Chronicle ▪ On-going Projects with ▪ Develop-for-Sales – Condominium ▪ Recurring Incomes: Home Building Services Sales-Transfers-Backlog Report ▪ FY19 Performance Drivers ▪ Transfers Commencing for BTRRB ▪ New Project Lineup FY18 Performance ▪ Landbank Update ▪ Growth Story & Profitability Improvement ▪ Expected Milestones ▪ FY18 financial statements ▪ Significant BOD Resolutions ▪ NVD-W1 Traded on SET ▪ Dividend Payments 3 SET Digital Roadshow| 21 Mar 19

In Perspectives ▪ SET-listed, High-end Property Developer with Prefabricated Construction Services under Singha Group ▪ Merger of Nirvana Development Co.,Ltd. (ND) & Daii Group Plc. (DAII) since Jan 2017 ▪ 52% -owned subsidiary of Singha Estate Plc. BALANCE SHEET SHAREHOLDING Dec 31, 2018 72%* STRUCTURE** ASSETS LIABILITIES THB THB SOMWATTANA GROUP 12,452m 7,659m 18% MARKET CAPITALIZATION USD 241m THB 52% 52% 4,777m EQUITY PUBLIC THB 30% 4,793m USD USD USD 392m 151m 150m Total paid-up of 1,380.6m shares at Bt.3.46/share close on Mar 13, 2019 * Combined interests of Singha Property Management companies & founder’s privately -own stake ** As of Dec 31, 2017 4 SET Digital Roadshow| 21 Mar 19

Financial Goal Land Acquisition Strategy JV & Partnership Collaborations Recurring Income Businesses 5 SET Digital Roadshow| 21 Mar 19

Strategic Direction: Quality of Growth DEVELOP FOR SALES SDH TOWNHOUSE HOME-OFFICE CONDO CONSTRUCTION SERVICES DEVELOP RECURRING INCOMES & Building Materials For Rents/Manage Serviced Apartments Projects Park&Ride HOME BUILDING SERVICES & Retails Structures LAND TRADING FOR ASSET MAXIMIZATION PURPOSES 6 SET Digital Roadshow| 21 Mar 19

FY18 Key Activities SET Digital Roadshow 21 March 2019 SET Digital Roadshow| 21 Mar 19

FY18 Key Activities Jul 2018 Oct 2018 Dec 2018 NVD-W1 Traded on SET Land Acquisition Land Acquisition • Total warrants of 276,119,950 • Issaraphap Road • Prachachuen-Ratchadapisek 35 • Project: Low-rise, 8-story • Project: High-rise, 22-story Jun 2018 units began trading on Jul 24, 2018 Feb 2018 • 1:1 Exercise ratio Soft Opening: freehold condominium near freehold condominium near Grand Opening: • Exercise price of Siriraj Hospital Bangsue Grand Station Nirvana DEFINE May 2018 Banyan Tree Change of Bourse: Bt.8.0/share Srinakarin-Rama 9 • 3-year term until Residences • NVD moved from • Second presales event Riverside Bangkok July 15, 2021 MAI to SET • Launched two more types of • 45-story Freehold, • First-day trade show units, Type-A & Type-B Riverfront Condominium on May 24, 2018 Jul 2018 • Formal launch Two New Types at Nirvana ICON Pinklao Apr 2018 • Added two more types of houses: Soft Launch: Type Quest & Reach Oct 2018 BANN Nirvana • Two-story, VVIP Launch: Nirvana BEYOND Udonthani • Home Building fully prefab houses • The first of Turnkey Solution Project Reimagined Aug 2018 • 40 units of all-new Nirvana BEYOND • Home Building Services New Construction Contract at Udonthani’s City Center - Retails • Turnkey prefab construction • 9 units sold - Projects service at Singha Park Chiengrai at the first VVIP sales Jun 2018 Sep 2018 Mar 2018 event Debentures Issuance New Type of Home Offices Exclusive Sales: & Offering • 4-story, Independent units at Nirvana DEFINE • Offering to Institution Nirvana @WORK Ladprao- Srinakarin-Rama 9 Investors Kaset Navamin • First presales event • Issue Size of Bt.1,200m Nov 2018 • 173-units fully- Ownership Transfers Commenced Jun 2018 prefabricated Sep 2018 forBanyan Tree Residences Disposition of Investment Townhouses JV Partnership with • Street-front on Srinakarin- • NVD sold its entire 595,000 Riverside Bangkok Daiwa House Industry • Title deeds issued Romklao Road shares or 14.89% of Landy • NDD to jointly develop Nirvana • About 30 units, worth • 18 units transferred Development Co.,Ltd. on BEYOND Rama9-Krungthep nearly Bt.300m, sold in Jun 29, 2018 in 4Q18 3Q18 4Q18 Kreetha one weekend 8 SET Digital Roadshow| 21 Mar 19 SET Digital Roadshow| 21 Mar 19

FY18 Financial Results SET Digital Roadshow 21 March 2019 SET Digital Roadshow| 21 Mar 19

FY18 Financial Results & PROFITABILITY IMPROVEMEN T REVENUES Bt.m NET PROFITS Bt.m 35.6% 11.0% & Gross Margins % & Net Margins % +52% 324 8.4% +16% 2,955 +90% 2,558 +372% 214 1,348 3.4% 31.2% 30.6% 45 FY16 FY17 FY18 FY16 FY17 FY18 20 SET Digital Roadshow| 21 Mar 19