FPT Corporate Day Financial results presentation for FY2018/2019 12-month period ended 30 September 2019 3 December 2019
Important Notice & Disclaimer Statements in this presentation constitute “forward -looking statements”, including forward-looking financial information. Such forward- looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Frasers Property (Thailand) Public Company Limited (“FPT”) and its subsidiaries or industry results, to be materially different from any future results, or FPT performance or achievements expressed or implied by such forward-looking statements and financial information. Such forward-looking statements and financial information are based on numerous assumptions regarding the present and future business strategies and the environment in which the FPT and its subsidiaries will operate in the future. Because these statements and financial information reflect FPT’s current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information as a result of these risks, uncertainties and assumptions and you are cautioned not to place undue reliance on these statements and financial information. FPT expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this presentation to reflect any change in FPT’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the Stock Exchange of Thailand, the Securities and Exchange Commission and/or any other regulatory or supervisory body or agency. This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Industry publications, surveys and forecasts generally state that the information they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. FPT has not independently verified any of the data from third party sources or ascertained the underlying economic assumptions relied upon therein. The information contained in this document is strictly confidential and is made available to the recipient on the condition that it will be held in complete confidence. Any reproduction or distribution of this document in whole or in part, or the disclosure of any of its Presentations, without prior expressed or written consent of the Company is prohibited. The information contained in this document has been compiled from sources believed to be reliable. The accuracy and completeness of such information, however, is not guaranteed nor warranted. Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your independent advisors. 2 2 Frasers Property Thailand – Corporate Day FY2018/2019
Agenda • Corporate highlights • Portfolio operating metrics • Financial performance • Looking forward • Special program : - Showcasing FPT innovation lab by Khun Supparat Singhara Na Ayutthaya, Chief Digital officer of Frasers Property Thailand - SYM Show Suite (10 th Floor) - SYM Co-op site visit (2 nd Floor) Frasers Property Thailand – Corporate Day FY2018/2019 3
Logistics Park Bangna, Chachoengsao Logistics Park Bangna, Chachoengsao Corporate highlights
Play FPT Corporate Video
Transitioning to “Integrated Real Estate Platform” INDUSTRIAL PROPERTY #1 provider in Thailand Factory Chiang rai 2.7 mn sq.m. AUM Chiang mai Warehouse 82% occ rate AUM Lumphun Khon Kaen 135k sq.m. pre-committed BTS Bangkok & Greater Bangkok Residential and EEC RESIDENTIAL PROPERTY Commercial Top 5 developer in Thailand Hospitality 53 active projects Ayutthaya THB 31 bn presale value Data center Phachinburi Pathumthani Nontaburi Co-working COMMERCIAL PROPERTY Bangkok space Leading developer in Thailand Chachoengsao 241,000 sq.m. NLA Samut- Samut- 5 offices buildings Prakan Sakhon 1,614 keys of hotels Chonburi OTHER INVESTMENTS 1 st hyperscale Data center in BKK Rayong 60,000 sq.m. of GFA under development ~17,000 sq.m. Thailand’s largest Co -working space THB 49.8 bn worth of REIT portfolio value* Banjarmasin Karawang as of 30 September 2019 Makassar *Note : Combination of total assets of FTREIT and GVREIT Frasers Property Thailand – Corporate Day FY2018/2019 6
A Leap in Scale and Competitiveness with Diversified Portfolio Revenue structure 1/2 Revenue Composition EBIT Composition (THB mn) (THB mn) Industrial Property Business 72% 47% 5% 3,508 5% 21,545 5,270 88.3% 1,863 1,532 7% + 20 % YOY + 16% YOY FY 2017 9M2018 FY 2019 5% 43% 16% Residential Property Business Industrial Residential Commercial Other income 15,515 14,053 10.4% 8,069 Total Assets Composition Total Liabilities Composition 9M 2017 FY 2018 FY 2019 36% 28% 12% Commercial Property Business 3 11% 92,390 64,519 8% 4% 1,526 1,491 1,110 2.3% + 12% YOY + 56% YOY 13% 29% 36% 23% 9M 2017 FY 2018 FY 2019 Industrial Residential Commercial Others Investment in Asso&JV Long term loans 1 Total revenue excl. other business and other income 2 Other business incl. management fee and golf course revenue and other income incl. investment income, gain from sales investment in subsidiary, one-off reversals and other income 3 Commercial property business revenue reflects revenue related to/from FYI center, Goldenland building, the Ascott sathorn, Mariott Mayfair and Modena by Frasers Frasers Property Thailand – Corporate Day FY2018/2019 7
FY2019 Year in Review Our new Built-to-Suit Design Capability In-house Expertise to deliver bespoke solutions to our customers Land Master Project Design Acquisition planning Management Employee centered Automation/ workplace Asset Lease Property Robotic Construction Management Management Management ASRS Temperatu ture Ambien ent Floor Load 10T/m 2 -25 ° C / -18 ° C / 4 ° C Floor Load 3.5T/m 2 Roo oof Clear Height 33.7m 25C Ambient Clear Height 12m Solar panel / Sky light Col old Roo oom Floor Load 3.5T/m 2 Clear Height 12m Specialised building for Omnichannel Specialised building for F&B Cold Storage Frasers Property Thailand – Corporate Day FY2018/2019 8
FY2019 Year in Review Key Business Achievements Accelerated growth with value-creation strategy Scaled up portfolio with customer-centric approach ✓ 135k sq.m. Outperformed Build-to-suit target with key tenants across sector 2019 Best-in-class award winning property developers ✓ Advancing strategic partnership Successfully rebranded ✓ BCI Asia Top 10 ✓ The Country Award Winner 2019 ✓ FIABRCI-Thai PRIX D’EXCELLENCE Developers Awards 2019 Best Developers Thailand of (5-year consecutive) Industrial/Warehouse Sector AWARDS 2019 Assets capitalization and successful private placement Completed VTO of GOLD & proceeding to delist ✓ Transfer asset to FTREIT was valued at ✓ Leveraging on GOLD’s THB 2,662 mn capability in commercial and residential business ✓ Transfer asset to 3 rd parties was valued at THB 948 mn ✓ Successfully raised THB 3,269 million via PP, to solve free float issue to 17.75% Frasers Property Thailand – Corporate Day FY2018/2019 9
FY2019 Year in Review Value-accretive investments and partnerships Deepen industrial and logistics real estate 30k sq.m. 70k sq.m. capabilities Target launch Target launch in Q1/2020 in Q3/2020 35k sq.m. 60k sq.m. GFA Target launch in Target launch Q4/2020 in Q1/2021 Broaden multi segment expertise across 66k sq.m. Target launch business verticals 17,000 sq.m. in Q4/2020 NLA Frasers Property Thailand – Corporate Day FY2018/2019 10
JustCo Capital Tower, All Seasons Place, Bangkok Portfolio operating metrics
Segmental Performance – Industrial Property Robust operating metrics Factory Warehouse 4 5 1 1.1 5 mn 411 1.60mn sq.m. sq.m. Properties Under Properties Under Management Management AUM AUM Sep-18 Sep-19 Sep-18 Sep-19 Portfolio Portfolio Portfolio 70% 74% 77% 87% Occupancy Rate Occupancy Rate Occupancy Rate WALE 1.78 years 2.04 years 3.52 years 3.36 years WALE WALE Net Add YTD 190.0K sq.m. 45.6K sq.m. Net Add YTD Sep-19 Mar-19 Net Add YTD Sep-19 FPT FTREIT 308 1.07mn 554 1.68mn sq.m. sq.m. Properties Properties AUM AUM Sep-18 Sep-19 Sep-18 Sep-19 Portfolio Portfolio Portfolio 68% 79% 79% 83% Occupancy Rate Occupancy Rate Occupancy Rate Net Add YTD 164.0K* sq.m. 77.4K** sq.m. Net Add YTD Sep-19 Mar-19 Net Add YTD Sep-19 * FTREIT net add is inclusive of properties acquired from FPT over the period. ** In the absence of property sales, organic net add YTD Sep-19 under FPT would be 180.1K sq.m. and under FTREIT of 55.6K sq.m. Frasers Property Thailand – Corporate Day FY2018/2019 12
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