Presentation including 3Q2018 Results and Business Plan
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3Q2018 KEY HIGHLIGHTS ALL TIME HIGH 22,436 267 % 11,837 TRANSFERS 173 % GROWTH YOY 8,208 6,759 75 % GROWTH YOY 3,229 GROWTH QOQ EARNINGS PERFORMANCE ALL TIME HIGH 1,455 SHARE OF 982 PROFIT FROM 539 JV -113 -471 2,000 21% 25% 36% 1,200 40% 20% NET PROFIT & 1,500 593 % 1,000 UNIT: M BAHT 204 % 976 15% 30% %NET MARGIN 24% 1,705 800 1,000 GROWTH YOY 10% 600 20% 6% 584 GROWTH YOY 67 % 500 400 5% 5% 561 10% 200 GROWTH QOQ 141 - 0% - 0% 3Q17 2Q18 3Q18 9M17 9M18 3
3Q2018 FINANCIAL STATEMENT 3Q2018 2Q2018 3Q2017 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Total revenue 2,697 2,426 2,759 100% 100% 100% 11% -2% Revenue from sale of real estate 1,475 55% 1,534 63% 1,692 61% -4% -13% 552 20% 431 18% 611 22% 28% -10% Project management and commission income Construction income 474 18% 330 14% 278 10% 44% 70% 196 7% 131 5% 177 6% 50% 11% Other incomes 893 33% 774 32% 1,052 38% 15% -15% Gross Profit Sale of real estate 385 26% 439 29% 544 32% -12% -29% Project management and commission 326 59% 224 52% 342 56% 46% -5% Construction 39 8% 27 8% 24 9% 43% 65% Others 143 N/A 83 N/A 142 N/A 72% 1% SG&A 789 29% 627 26% 650 24% 26% 21% Selling expenses 264 10% 215 9% 253 9% 23% 5% Administrative expenses 525 19% 412 17% 398 14% 27% 32% 982 36% 539 22% (113) -4% Share of Profit (Loss) 82% N/A EBIT 1,086 40% 685 28% 289 10% 59% 276% Interest expenses 85 3% 91 4% 89 3% -6% -4% Net Profit (Loss) 976 36% 584 24% 141 5% 67% 593% 0.28 0.16 0.03 Earnings per share (baht) 4
9M2018 FINANCIAL STATEMENT 9M2018 9M2017 % Y-o-Y M Baht % M Baht % 100% 100% -10% Total revenue 7,943 8,825 4,862 61% 5,931 67% -18% Revenue from sale of real estate 1,480 19% 1,577 18% -6% Project management and commission income Construction income 1,098 14% 746 8% 47% 503 6% 571 6% -12% Other incomes 2,704 34% 3,401 39% -21% Gross Profit 1,393 29% 1,891 32% -26% Sale of real estate 855 58% 981 62% -13% Project management and commission Construction 92 8% 62 8% 47% 363 N/A 467 N/A -22% Others SG&A 2,101 26% 1,871 21% 12% Selling expenses 753 9% 775 9% -3% Administrative expenses 1,348 17% 1,096 12% 23% Share of Profit (Loss) 1,455 18% (471) -5% N/A EBIT 2,058 26% 1,056 12% 95% Interest expenses 268 3% 281 3% -5% Net Profit (Loss) 1,705 21% 561 6% 204% 0.47 0.13 Earnings per share (baht) 5
3Q2018 FINANCIAL STATEMENT 3Q2018 2Q2018 3Q2017 % Q-o-Q % Y-o-Y M Baht M Baht M Baht 2,423 1,585 1,461 53% 66% Cash balance and equivalent 40,125 35,504 27,019 13% 49% Assets 17,781 17,274 11,480 3% 55% Interest bearing debts 23,244 21,642 15,041 7% 55% Liabilities 16,881 13,862 11,979 22% 41% Shareholders' equity 1.38 1.56 1.26 -12% 10% D/E ratio (times) 0.91 1.13 0.84 -20% 9% Net IBDE ratio (times) 6
2018 TRANSFER TARGET 38,000 MILLION BAHT 93 % CONDOMINIUM 152 % 7 GROWTH ALL TIME HIGH % 2017 HOUSING 267 % 33 % GROWTH ABOVE GUIDANCE YOY 2018F 3Q18F 9M18A 1Q18A 2Q18A 3Q18A 4Q18F Transfer 1,342 993 956 878 1,288 3,212 4,500 Condo 511 542 960 597 1,040 1,650 2,690 Housing 1,853 1,534 1,916 1,475 2,328 4,862 7,190 Ananda F/S 1,014 2,665 3,558 4,448 6,361 8,126 14,487 Ananda Share in JV 974 2,560 3,418 5,914 6,875 9,447 16,323 Partner Share in JV 2,866 4,199 5,474 5,923 8,689 12,988 21,677 Ananda Share in Transfers 38,000 3,840 6,759 8,892 11,837 15,564 22,436 Total (M Baht) 7
2018 TRANSFER TARGET 71 10 % NEW CONDO PROJECTS OF TRANSFERS THAT COMPLETE THIS COMING FROM YEAR Transfer 1Q18 2Q18 3Q18 4Q18 Begins 8
IDEO SUKHUMVIT 93 BEGINS TRANSFER IN Q3 Project Value Backlog Unsold Inventory Transfer %Net Sold %Transfer (M Baht) (M Baht) (M Baht) (M Baht) 6,360 91.1% 2,451 564 3,345 52.6% 9
PRESALES UPDATE BY QUARTER 35,120 MILLION BAHT 11 % HOUSING 5 % ABOVE GUIDANCE 89 % CONDOMINIUM 2018F 1Q18A 2Q18A 3Q18F 3Q18A 4Q18F PRESALES CONDOMINIUM 5,848 9,793 6,709 7,038 8,438 31,117 HOUSING 834 825 1,054 1,144 1,200 4,003 TOTAL 35,120 6,685 10,618 7,764 8,182 9,638 (MILLION BAHT) 10
9M2018 PRESALES PERFORMANCE 25,482 MILLION BAHT 28 % INTERNATIONAL 7,019 MILLION BAHT 9,775 INTERNATIONAL 7,019 SALES 6,146 72 % 3,111 DOMESTIC 1,730 1,235 1,256 18,464 MILLION BAHT 2013 2014 2015 2016 2017 9M2017 9M2018 11
2018 PROJECT LAUNCHES BY QUARTER 26,742 MILLION BAHT 12 PROJECTS 5 JOINT VENTURE PROJECTS NO. LAUNCH 2018F 1Q18A 3Q18F 3Q18A 4Q18F 2Q18A BEGINS 4,325 6,822 5,086 5,123 5,573 21,843 Condo Housing - 401 3,607 3,684 814 4,899 TOTAL 26,742 4,325 7,223 8,694 8,807 6,387 (MILLION BAHT) 6 (5 JVs) NO. OF CONDO PROJECT 2 (1JV) 1 JV 2 JVs 2 JVs 1 JVs 6 - 1 4 4 1 NO. OF HOUSING PROJECT 12
2018 PROJECT LAUNCH TARGET 26,742 MILLION BAHT 82 % CONDOMINIUM 12 PROJECTS 6 PROJECTS 5 JOINT VENTURE PROJECTS 92% OF CONDO LAUNCH 42,450 26,742 18 % HOUSING 2013 2014 2015 2016 2017 2018 6 PROJECTS 13
NEW LAUNCHES IN Q3 Ideo Ratchada-Sutthisan Elio Sathorn-Wutthakat Project value (M Baht) 1,721 Project value (M Baht) 3,403 No. of unit 410 No. of unit 1,161 Soft launched date September 2018 Soft launched date September 2018 Expected transfer date 2020 Expected transfer date 2020 Location 450 m. from MRT Sutthisan Location 470 m. from BTS Wutthakat 14
NEW LAUNCHES IN Q3 Unio Town Srinakarin-Bangna Unio Town Suanluang-Patthanakan Project value (M Baht) 889 Project value (M Baht) 628 No. of unit 248 No. of unit 170 Soft launched date September 2018 Soft launched date September 2018 Expected transfer date 2018 Expected transfer date 2018 Location 2.6 km. from MRT Sri Bearing Location Suanluang Rama 9 15
NEW LAUNCHES IN Q3 Airi Rama 2 Airi Chaengwatthana Project value (M Baht) 1,023 Project value (M Baht) 1,145 No. of unit 79 No. of unit 85 Soft launched date September 2018 Soft launched date September 2018 Expected transfer date 2018 Expected transfer date 2019 Location Rama 2 Road Location Chaengwatthana 16
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