Opportunity Day 25 May 2012 1
Outline Ou tline Project Pr oject Fina inancial ncial Over ervie view Summary mmary Up Upda date te 2
Ov Overv rvie iew Founded : 1994 Employee : 78 (as of Mar 12) Vision Unlike other developers, we create a place for people first then for business . 3
Bu Busi sine ness ss Ov Overv rvie iew TOTAL Rental Space 375,218 sq.m 54 % 40 % 202,713 sq.m. 151,190 sq.m. Retail Property 4 centers: 23 centers - Petchkasem Development - Ekkamai - Ratchayothin Convenience Center - Mega Bangna Neighborhood Center Stand-Alone Retail Store 5 % 1 % Lifestyle center Power Center 17,115 sq.m. 4,200 sq.m. Entertainment Center 1 center: 3 centers: Imagine Village - Maruay Market - Piyarom (Bangkok University) - Family Center Chang watthana 4
Development Timeline 1994 2002 Established “Siam Listed in MAI and 2011 Future Development” opened “ Thonglo ” Open “ Nawamin Festival Walk” and “ 1 st IKEA Store” 2006 1995 Completed “ Changwattana ”, Opened first open-air “La - villa” and “Esplanade” shopping center 2003 “ Bangbon ” Listed in SET 1998 PP to Major Cineplex Group and opened “ Thungmahamek ” Opened “ Sukhumvit 71 ” 2004 Opened “ Changwattana ”, 2007 Opened “ Pattaya ” “Ladprao 120 ”, ” Chachoengsao ”, 1996 and “Kao -yai ” “ Piyarom Place” and “J Avenue” Opened “ Prachautid ” and “ Sukaphiban 3 ” 2005 Opened “ Wanghin 2 ” , 2012 (NEW) 2009 2000 “ Petchkasem ” and Open “Mega Bangna ” Opened “ Nawamin Opened 2 Convenient centers “ Ekkamai ” City Avenue” and 8 B-quik centers 2008 Opened “ Nawamin ” and “ Ratchayothin ” 5
Ou Our Pr r Prop opertie rties 2010 2011 2012 (F) Shopping Average Centers size No. of GLA* No. of GLA* No. of GLA* Formats (sq.m.) centers (sq.m.) centers (sq.m.) centers (sq.m.) 68 , 324 Lifestyle Center 6 7 75,999 7 75,999 10,000 Power Center 3 67,217 3 67,217 3 67,217 22,500 Entertainment 1 43,241 1 43,241 1 43,241 43,000 Center Neighborhood 8 39,807 8 39,807 8 39,807 5,000 Center Convenience 4 2,943 4 2,943 3 2,166 700 Center Automotive 7 2,588 7 2,588 7 2,588 400 Service center Super Regional 1 140,000 140,000 2 24 , 12 0 Total 29 30 231,795 30 371,018 12,400 Occupancy 98% 97% 97% Rate Upcoming Project Sq.m. * GLA stands for gross leasable area Imagine Village (Oct-12) 4,200 6
Sha hareh rehol oldi ding ng Str truc uctu ture re Jantaraprapa Group Witoonchart 5% Group 1 2 % Major Cineplex Group PLC. Management 8% 23% 26% Suttapong Group 2% Pojkasemsin Foreigners Group 17% Others Number of shares: 34% 1,169,862,645 ปิดสมุดทะเบียน ณ วันที่ 10 พฤษภาคม 2555 7
Ou Outline tline Fina inancial ncial Project oject Over ervie view Summary mmary Up Upda date te 8
In Incom ome e Sta tate temen ment (Million Baht) 2,500 2,138 2,000 1,697 1,565 1,566 1,500 1,327 1,160 1,158 1,094 1,000 850 776 615 518 411 500 226 186 0 Y2008 Y2009 Y2010 Y2011 Q1/2012 Total Revenue EBIT Net Profit 9
Ba Bala lanc nce e She heet (Million Baht) 12,000 11,409 10,485 10,418 10,000 8,604 8,000 7,185 6,215 5,809 5,919 5,642 6,000 5,600 5,027 4,498 4,269 4,000 2,963 2,158 2,000 0 Y2008 Y2009 Y2010 Y2011 Q1/2012 Assets Liabiilites Equity 10
Debt bt Str truc uctu ture re (M (MB) B) Total Debts= 1,969 Average Interest Rate = 5.23% Loan Repayment Schedule (MB) 2012 2013 2014 2015 2016 Bank 97.75 77.50 55 38.75 - Loan 269 14% BOND Repayment Schedule (MB) 2012 2013 2014 2015 2016 Bond 1700 - 1,200 500 - - 86% D:E ratio Y08 = 1.35 Y09 = 1.14 Y10 = 0.53 Y11 = 0.47 Q1/12 = 0.35 As of 31 Mar 2012 11
Sha hare re Ov Overv rvie iew w and nd Div Divid idend nd INDEX 2007 2008 2009 2010 2011 Q1/2012 SET Index 858 450 735 1,033 1,025 1,197 SF (stock price) 12.00 3.50 3.32 5.70 6.30 7.65 Market Cap (MB) 6,107 1,796 3,407* 5,873 6,528 7,955 Note:* 1:1 Right Offering Share Overview Dividend Summary Par Value (Baht) 1.00 2007 2008 2009 2010 2011 Stock Price (21 May 12) 7.80 Par Value (Baht) 1.00 1.00 1.00 1.00 1.00 Share Capital (M shares) 1,170 Dividend/share 0.25 - 0.12 0.15 0.13889** Market Cap (MB) 9,125 Dividend Paid (MB) 128 - 123 155 Stock Dividend 8:1 P/E (times) 5.39 Dividend Payout 42% - 67% 66% 97% Ratio P/BV (times) 1.74 Note: 40% of net profit **Stock dividend & existing shares: 1 new share 12
Ou Outline tline Fina inancial ncial Project oject Over ervie view Summary mmary Up Upda date te 13
Expa pans nsio ion n Pla lan GLA (sq.m.) 99% 98% 98% 450,000 100% 97% 97% 95% 95% 95% 95% 95% 405,218 95% 400,000 375,218 90% 350,000 85% New Projects 300,000 Mega Bangna 80% Imagine Village 237,308 235,229 250,000 231,795 Nawamin Festival Walk 219,641 224,120 75% Existing 200,000 188,514 Occupancy Rate 70% 150,000 65% 96,837 100,000 60% 61,248 50,000 55% 34,079 36,972 0 50% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012F 2013F 14
Expa pans nsio ion n Pla lan* n* GLA (sq.m.) 1 Neighborhood Center 15,000 2 Lifestyle Center (expansion) 7,500 3 Neighborhood Center (expansion) 7,500 Total 30,000 Total Investment 1,055 MB Opening 2013 Net Investment 860 MB * Subject to change upon future situation 15
Grand Opening (5-5-55)
Opening Parade
Mega Bangna
ANCHORS IKEA Robinson Mega Cineplex
ANCHORS Big C Extra HomePro
Mini ANCHORS
MEGA Facts Land Area 254 Rais Leasable Area 140,000 sq.m. Total Area 400,000 sq.m. Tenants 440 shops 8,000 cars & 2,200 Motorcycles Parking Space IKEA – 3 Nov 2011 Opening MEGA – 5 May 2012 23
MEGA Location Bangna-Trad Road km.8(Inbound) & Bangplee-Suksawat Expressway Airport Rail Link BTS Station 24
From Bangkok MEGA Accessibility Sub-Entrance/Exit SOI U-SABAI 400 m. From Bang Pakong #1 IKEA ENTRANCE/EXIT Toll Plaza (Bangna Exit) From Bang Khun Thian (Rama II) From Bang Pa-In # 1 Toll Plaza From Bang Pakong # 2 780 m.
PUBLIC TRANSPORTATION Mega Transportation Interchange Taxi queue Coach Parking area : 10 slots Van parking : 63 slots,can park around30 line Bus terminal area: 6 lines • 15 Commuter Van Routes confirmed and more to come • 4 Million visitors per annum • Capture commuters from 2 hour radius
Tenants Mixes Mini-anchors 33,000 sq.m. Anchors 91,500 sq.m. 18% 51% 31% Tenants 55,500 sq.m. 34% 43% 24% 97% LEASED! 28 As of: 11 May 2012
200 LEADING FASHION BRANDS
100 GREAT DINING CHOICES
40 GREAT BEAUTY CONCEPTS
15 STYLISH HOME STORES 15 LEADING FINANCIAL INSTITUTIONS
50 GREAT CONCEPT STORES 20 FUN STORES
Thank You 34
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