WHA Cor por ation Public Company L imited Oppo rtunity Day (26 August 2019) 2Q2019 Re sult “Your Ultimate Solution Par tner ”
WHA Group Disclaimers The information contained in this presentation 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 WHA Corporation Public Company Limited (“WHA” and shares in WHA, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. In addition, this presentation contains projections 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 projections 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 words such as “expects,” “plans,” “will,” “estimates,” “projects,” or words of similar meaning. Such forward ‐ looking statements are not guarantees 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. 2
Agenda I. WHA Group Overview II. Key Event & Developments & Operating Performance III. Financial Performance Appendix 3
WHA Group Overview WHA GROUP AT ‐ A ‐ GLANCE Industrial Development Logistics 11 /1 + 3 68,500 /1 2.3 /2 million m 2 under owned & managed industrial estates rais total IEs 750 well ‐ known 25,300 /1 200+ well ‐ known tenants profile customers profile rais undeveloped area Utilities & Power Digital Platform 105 4 460 Utilities mm m 3 data centers equity racks 5 554 FTTx Power Services Industrial Estates equity MW WHA is a SET ‐ 50 listed company with a market capital of USD 2,239 /3 mm and under MSCI Small ‐ Cap Index WHA is a SET ‐ 50 listed company with a market capital of USD 2,239 /3 mm and under MSCI Small ‐ Cap Index /2 Including pre ‐ leased area /2 Including pre ‐ leased area /1 Including Vietnam Project amounting to total area of c.20,000 rais with undeveloped area of c. 16,900 rais. /1 Including Vietnam Project amounting to total area of c.20,000 rais with undeveloped area of c. 16,900 rais. 4 /3 as of 16 August 2019 /3 as of 16 August 2019 /1 Including the land area partnering with IRPC under WHA Industrial Estate Rayong /1 Including the land area partnering with IRPC under WHA Industrial Estate Rayong
WHA Group Overview Our Footprint in South East Asia WHA 50+ Strategic Locations Key Developing Mainly in EEC Location in Vietnam 5
WHA Group Overview 2Q’19 Financial Performance Highlights Remarkable Growth in 2Q’19 reconfirms Our #1 Position Total Revenue and Share of Profit Total Revenue and Share of Profit Normalized Total Revenue and Share of Profit Normalized Total Revenue and Share of Profit THB mm THB mm 3,074 2,912 2,200 2,023 2Q' 18 2Q' 19 2Q' 18 2Q' 19 Net Profit Attributable to the Parents Net Profit Attributable to the Parents Normalized Net Profit Attributable to the Parents THB mm THB mm 938 1,052 429 303 2Q' 18 2Q' 19 2Q' 18 2Q' 19 6
Agenda I. WHA Group Overview II. Key Event & Developments & Operating Performance III. Financial Performance Appendix 7
Key Event & Developments & Operating Performance Logistics Business Logistics Business 8
Key Event & Developments & Operating Performance Logistics Business – Overview #1 First Class Premium Logistics Infrastructure Developer #1 First Class Premium Logistics Infrastructure Developer Key Deliverables #1 Built-to Suit (BTS) Warehouse and Factories 2,500,000 World Class standard SQM warehouse and factories built to 2,300,000 specific client’s requirements SQM 2.3 million m 2 Under owned 200+ and managed well ‐ known 2018 2019E tenants profile 9
2019 Business and Financing Plan Logistics Business – 2019 Strategy Higher Value Properties, Riding Technology Wave Higher Value Properties, Riding Technology Wave Regional Expansion Existing Footprint Under Study Emphasis on Strategic Partnerships Establish long term and mutually beneficial partnerships with global and regional players Capitalize on High Growth & Embrace on New Disruptive Technologies Government Supported Sectors Internet Smart Automation Of Things Warehouse E ‐ Commerce Aviation & Aerospace Seaport or other Big Data Delivery Drone transportation Robotics infrastructure 10
Key Event & Developments & Operating Performance Logistics Business – 2Q’19 Operating Performance Unit : sq.m. Total Logistics Properties 2,349,005 CAGR 29.0% (2012A – 2018A) Group ‐ Owned assets and preleased 2,321,721 Area owned by 2,150,410 2,115,293 WHA and its 484,862 Asset Under Management subsidiaries 1,975,361 1,647,328 Area sold to 1,162,466 WHART and WHABT CAGR 31.2% (2006A – 2018A) 1,108,740 891,286 Industrial Properties Area owned by 505,051 WHA Industrial 219,199 Development and 298,139 its subsidiaries 192,341 169,433 701,677 141,619 141,619 Area sold to HPF 88,913 482,478 and HREIT 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1Q2019 2Q’19 Customer by Nationality Customer by Industry Japan 1% Auto&Parts Thai 4% 2% 3% 10% 3PL Europe 5% Japan Logistic 12% 10% FMCG&Healthcare Asia(Exclu. 27% 30% 30% 22% Japan, China) Europe 43% Electronic 11% USA 19% 18% Manufacturer 8% Asia(Exclu. Australia Consumer Japan, Thai) 20% 9% 31% 12% E ‐ Commerce 25% 28% 20% China USA Industrial Service Other Other China Other Logistics Properties Business Industrial Properties Business Logistics Properties Business Industrial Properties Business 11 Remark: Figures as of Jun 30,2019
Key Event & Developments & Operating Performance Logistics Business – 2Q’19 Operating Performance New Projects / New Contracts Unit: Sq.m. WHA has secured new projects/new 300,000 contracts for Built ‐ to ‐ Suit, warehouse farm 259,853 and RBF/RBW totals 51,412 sq.m. during 250,000 6M19 46,196 ‐ 29,201 sq.m. for Built ‐ to ‐ Suit, mainly 200,000 from E ‐ Commerce customer 161,588 ‐ 22,211 sq.m. for RBF and RBW, mainly 141,581 150,000 from automotive customer 52,023 Under negotiation with 2 ‐ 3 major customers 35,595 213,657 100,000 with leasable area of approx. 100,000 sq.m. 55,409 51,412 to be finalized by 2019. 109,565 105,986 50,000 22,211 40,934 29,201 14,475 ‐ 2016 2017 2018 6M18 6M19 RBF/RBW BTS/Warehouse farm Remark: Pre ‐ leased/New contracts performance based on gross basis 12
Key Event & Developments & Operating Performance Logistics Business – Key Development of Logistics Industry Incentive for E ‐ Commerce Park in EEC area Incentive for E ‐ Commerce Park in EEC area Thailand E ‐ Commerce Park Background The First E ‐ Commerce Park in Thailand WHA E ‐ Commerce Park • Develop E ‐ Commerce Smart Logistic and Automation Supporting industry in Thailand relating to EEC policy Project Development in Chachoengsao Activities and to Support the Growth of E ‐ Commerce. • Enhance E ‐ Commerce activates which need a location Services closing to airport and efficient duty free zone area State of the Art Facilities, integrating Digital, Automation and Smart • Unlock some regulation relating to customs Smart Logistics Logistics procedures to comply with E ‐ Commerce business, e.g. reject and refund transaction Project Area : 200,000 SQM Warehouse Management Incentive for E ‐ Commerce Park Location : Bangna ‐ Trad km. 37, Chachoengsao Existing Regulation Automation Storage Duty be collected immediately when Duty of goods rejected or refunded Digital Platform goods are transfer is refundable of 90% out of free zone Incentive Incentive E ‐ Payment Extend the duty Have a right to waive duty payment period transaction within 14 days of goods Innovations, R&D for 14 days returned to the duty free zone 13
Key Event & Developments & Operating Performance Logistics Business – Outlook Upcoming High Value Projects In 2019 Upcoming High Value Projects In 2019 60,000 SQM 60,000 SQM WHA ‐ JD E ‐ Commerce Center WHA E ‐ Commerce Center 60,000 SQM 9,000 SQM WHA E ‐ Commerce Center Multi ‐ temperature Warehouse 14
Key Event & Developments & Operating Performance Industrial Estate Business Industrial Estate Business 15
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