Industry Overview Business Overview LPN Projects Financial Highlights Opportunity Day L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 04 March 2010 Presented by Opas Sripayak Managing Director of L.P.N. Development Public Company Limited L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 1
Industry Overview Business Overview LPN Projects Financial Highlights Industry Overview L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 2
Industry Overview Industry Overview Business Overview LPN Projects (From Opportunity Day March 26,2009) Financial Highlights The overview of property market is expected to be declined in the long run due to the negative indicator and downturn of economic situation. However; the government planned to stimulate the investment and domestic consumption by property sector. nevertheless, the property market may slow down and some developer will be quit from developing condominium projects in this year. Meanwhile, the number of condominium to be registered in this year are expected to be about 35,000 units. Influence • Downturn of economic situation. • World financial crisis causing the loan more strictness approval from bank. • Oil price and the construction cost are decreasing from last year. • More political stability causing higher consumer’s confidence. • Government Policy stimulate the domestic investment, consumption and Mega-projects. • Very low interest rate are encourage the demand and affordability. • Decline of Inflation that affect to cost of living. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 3
Industry Overview Industry Overview Business Overview LPN Projects Financial Highlights The market situation has been improved from the 2nd half of 2009 due to the consumer’s confidence and economic situation were getting better. Therefore, the condominium market is now back on track with more competitive once again. However, the result of the discontinuing of tax benefit, which helps stimulate the property sector, by the government would lead to increasing in the price of the property. Nevertheless, the developers have to be more careful on continuing the business because of the risk from the uncertainty of the current economic, politic, and social situation. The estimated condominium registration in 2010 will be 40,000 units Influence • The positive growth of the GDP and low interest rate • New mass transit system and new BOI regulation helps stimulate the market • Continuing of the economic crisis in both EU and USA • Increasing in cost due to the oil price increased • The strictness in loan from the bank • Discontinuing of the tax benefit from the government L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 4
Industry Overview Industry Overview Business Overview LPN Projects Finished Project in 2009 Financial Highlights Condominium Registered in 2009 and 2010(forecast) New Project Launch in 2009 which are Registered after 2010(forecast) L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 5
Industry Overview Industry Overview Business Overview LPN Projects Accumulation of New Condominium Project Launching Financial Highlights Unit 30,000 < 1 MB 1 - 3 MB 3 - 5 MB > 5 MB 25,000 20,000 15,000 10,000 5,000 0 Jan 09 Jan 10 Feb 09 Feb 10 Mar 09 Mar 10 Apr 09 Apr 10 May 09 May 10 Jun 09 Jun 10 Jul 09 Jul 10 Aug 09 Aug 10 Sep 09 Sep 10 Oct 09 Oct 10 Nov 09 Nov 10 Dec 09 Dec 10 As of Jan 31 , 2010 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 6
Industry Overview Industry Overview Business Overview LPN Projects Accumulation of Condominium Registration Financial Highlights Unit 35,000 < 1 MB 1 - 3 MB 3 - 5 MB > 5 MB 30,000 25,000 20,000 15,000 10,000 5,000 0 Jan 09 Jan 10 Feb 09 Feb 10 Mar 09 Mar 10 Apr 09 Apr 10 May 09 May 10 Jun 09 Jun 10 Jul 09 Jul 10 Aug 09 Aug 10 Sep 09 Sep 10 Oct 09 Oct 10 Nov 09 Nov 10 Dec 09 Dec 10 As of Jan 31 , 2010 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 7
Industry Overview Industry Overview Business Overview LPN Projects Condominium Registration Financial Highlights Unit 70,000 % 60,000 300 50,000 % 40,000 200 30,000 % 20,000 100 10,000 0 0 -10,000 % -20,000 -100 1 991 1 992 1 993 1 994 1 995 1 996 1 997 1 998 1 999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 201 0F - - 732 848 - - 1 ,074 470 - 325 470 1 ,538 1 ,596 1 ,1 76 2,389 3,333 3,050 8,009 6,281 6,1 1 8 LPN 22,74 26,1 96 30,08 23,08 42,52 62,26 41 ,840 1 8,468 4,475 4,081 3,058 4,208 3,827 6,391 9,228 1 1 ,474 1 3,1 72 1 8,1 1 5 27,02 33,88 Others 8.05 24.47 58.30 26.29 1 02.05 1 99.97 1 1 8.47 0.00 -63.70 -72.83 -80.42 -72.70 -74.23 -64.05 -44.80 -29.64 -22.92 24.1 3 58.27 90.06 Growth(% ) Source : Land Department L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 8
Industry Overview Business Overview LPN Projects Financial Highlights Business Overview L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 9
Industry Overview Business Overview Business Overview LPN Projects Market Share of Residential Condominium Financial Highlights 33,309 units of residential Condominium registered within 2009 Source : Land Department, L.P.N., (Greater Bangkok only) AP, 8% LPN, 20% AREEYA, 7% PS, 6% Other, 39% SIRI, 5% Non-Listed, 41% SPALI, 4% Others, 9% L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 10
Industry Overview Business Overview Business Overview LPN Projects Total Income from Sales Financial Highlights Product Mix 6,126 Units 8,267.99 MB Lumpini Place Lumpini Ville Lumpini Suite Lumpini CondoTown 18.4% 19.7% 42.2% 19.5% 633 Units 1,522.45 MB 944 Units 1,634.33 MB 2,694 Units 3,489.52 MB 1,852 Units 1,608.92 MB PST 0.2% 3 Units 12.77 MB L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 11
Industry Overview Business Overview Business Overview LPN Projects Result of 2009 Financial Highlights Quarter / Year Average Average Per Week 2009 2008 1/09 2/09 3/09 4/09 348 Site Visit Persons 336 539 326 768 492 Sales Unit 91 203 129 311 181 109 Sales Volume MB 125.47 221.65 172.45 437.17 235.76 172.95 Sales Ratio (Unit/Site Visit) 3.69 : 1 2.66 : 1 2.53 : 1 2.47 : 1 2.72 : 1 3.19 : 1 Quarter / Year Total Total 2009 2008 1/09 2/09 3/09 4/09 Result of MB 1,656.80 2,884.56 2,268.49 4,031.09 10,840.94 9,166.51 Presales 2009 MB 1,977.75 2,225.30 2,072.74 1,979.44 8,255.23 7,014.42 Income L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 12
Industry Overview Business Overview Business Overview LPN Projects The LPN’s Back Log 2009-2011 Financial Highlights MB 18,000 2009 Backlog 2010 Backlog 2011 Backlog Stock 16,000 14,000 4 ,6 8 0 3 ,79 0 3 ,4 9 0 3 ,710 12,000 4 ,3 9 0 4 ,0 6 0 4 ,14 0 10,000 3 ,9 3 0 3 ,6 10 3 ,3 50 3 ,9 70 3 ,6 4 0 2 ,8 2 0 3 ,58 0 3 ,4 50 3 ,4 8 0 3 ,4 2 0 3 ,3 10 8,000 2 ,3 8 0 2 ,150 2 ,4 70 2 ,53 0 2 ,58 0 4 ,0 10 6,000 5,4 8 0 4 ,750 4 ,9 3 0 5,0 2 0 5,12 0 4,000 7,2 3 0 7,2 6 0 7,2 9 0 6 ,8 0 0 6 ,6 50 5,70 0 5,550 5,50 0 4 ,13 0 2,000 3 ,0 2 0 2 ,9 2 0 2 ,8 10 2 ,4 4 0 2 ,3 2 0 0 Jan 09 Feb 09 M ar 09 Apr 09 M ay 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 1 0 Feb 1 0 As of Mar 1 , 2010 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 13
Industry Overview Business Overview Business Overview LPN Projects Recognized Project during the period 2010 to 2011 Financial Highlights Realized Period Projects No. of Units Project Value (MB) Launch Sold Recognized Project Before 2010 10,300 Lumpini Place Ratchada-Thapra 851 1,500 2Q06 1Q08 97% Lumpini CondoTown Bodindecha-Ramkhamhaeng 3,445 2,800 1Q07 2Q08 98% Lumpini CondoTown Rattanathibet 1,949 1,600 4Q07 2Q09 66% Lumpini Ville Ramkamhaeng 26 998 1,300 1Q08 3Q09 92% Lumpini Place Rama 8 1,131 1,900 1Q08 4Q09 80% Lumpini Suite Rama 8 182 400 1Q08 1Q10 92% Lumpini Place Ramintra-Laksi 516 800 1Q09 1Q10 91% Recognized Project in 2010 7,730 Lumpini Ville Bangkhae 271 300 4Q08 2Q10 92% Lumpini Place Rama 9-Ratchada ( Phase 1) 1,165 2,600 2Q08 2Q10 86% Lumpini CondoTown Ramintra-Nawamin [A,B,C] 1,833 1,610 2Q09 3Q10 88% Lumpini CondoTown Bangkhae 795 660 1Q10 3Q10 52% Lumpini Ville Ratburana-Riverview 1,028 1,200 3Q09 4Q10 64% Lumpini Ville Lat Phrao - Chokchai 4 1,026 1,360 4Q09 4Q10 100% Recognized Project in 2011 11,240 - Lumpini CondoTown Ramintra-Nawamin [D] 735 640 2Q10 1Q11 Lumpini Place Rama 9-Ratchada ( Phase 2) - 1,165 2,600 2Q10 1Q11 Lumpini Park Pinklao 2,702 3,600 4Q09 2Q11 92% Lumpini Place Rama4-Kluaynamthai - 887 1,500 1Q10 3Q11 Lumpini Place Ratchayothin - 1,827 2,900 1Q10 4Q11 Total 22,506 29,270 As of Mar 1 , 2010 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 14
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