Presentation 2016 Q2 Results Analyst Meeting and 2016 Business Plan - PowerPoint PPT Presentation

Presentation 2016 Q2 Results Analyst Meeting and 2016 Business Plan

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Agenda 1. 2Q2016 Financial Results 7. 2016 Business Plan 2. Transfers 8. Five Year Plan 3. Launches 9. Company View 4. Presales 10. Mass Transit Network Updates 5. Backlog 11. Interim Dividend 6. 2Q 2016 Summary 12. Smart Office – Ananda 2.0 3

2Q/2016 Financial Statements Q2/2016 Revenue 2Q2016 1Q2016 2Q2015 beat our Analyst Consensus by 18% % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % 2,889 100% 2,595 100% 1,541 100% 11% 87% Total revenue 2,528 87% 2,179 84% 1,198 78% 16% 111% Revenue from sale of real estate 361 13% 417 16% 343 22% (13%) 5% Other incomes 996 35% 933 37% 621 42% 7% 60% Gross profit 589 20% 626 24% 441 29% (6%) 34% SG&A 259 9% 223 9% 211 14% 16% 23% Selling expenses 331 11% 403 16% 229 15% (18%) 44% Administrative expenses (91) (3%) (108) (4%) (124) (8%) N/A N/A Share of profit (Loss) 370 13% 265 10% 134 9% 40% 176% EBIT 75 3% 69 3% 70 5% 10% 7% Interest expenses 295 10% 196 8% 64 4% 50% 363% EBT 85 22% 48 16% (8) N/A 79% N/A Tax 210 7% 149 6% 72 5% 41% 191% Net profit (Loss) 0.05 0.04 0.02 41% Earnings per share (baht) Q2/2016 Net Profit beat our Analyst Consensus by 40% 4

1H/2016 Financial Statements 1H2016 1H2015 % Y-o-Y M Baht % M Baht % 5,485 100% 2,935 100% 87% Total revenue 4,707 86% 2,399 82% 96% Revenue from sale of real estate 778 14% 536 18% 45% Other incomes 1,929 36% 1,167 42% 65% Gross profit 1,215 22% 832 28% 46% SG&A 482 9% 386 13% 25% Selling expenses 733 13% 445 15% 65% Administrative expenses (199) (4%) (181) (6%) 10% Share of profit (Loss) 635 12% 294 10% 116% EBIT 144 3% 132 4% 9% Interest expenses 491 9% 163 6% 202% EBT 133 19% 17 5% 670% Tax 358 7% 146 5% 146% Net profit (Loss) 0.09 0.04 Earnings per share (baht) 5

2Q/2016 Financial Highlight 2Q2016 1Q2016 2Q2015 % Q-o-Q % Y-o-Y M Baht M Baht M Baht 2,757 2,835 1,788 (3%) 54% Cash balance 22,717 21,855 19,949 4% 14% Assets 9,809 9,704 10,417 1% (6%) Interest bearing debts 12,904 12,997 13,117 (1%) (2%) Liabilities 9,813 8,858 6,832 11% 44% Shareholders' equity 1.3 1.5 1.9 (10%) (32%) D/E ratio (times) 0.7 0.8 1.3 (7%) (43%) Net IBDE ratio (times) 6

2016 Business Plan – Transfer 2016 Transfer target between 15,000 and 16,000 M Baht 5 new condo 2,124 Q2/2016 Transfer projects to complete Unit : Mil Baht beat our latest guidance by 24% 2,211 in 2016 781 706 598 605 3,636 634 1,822 1,581 1,537 1,399 1Q16 (A) 2Q16 (F) 2Q16 (A) 3Q16 (F) 4Q16 (F) Condo Housing Ananda Share in JV Mitsui Share in JV Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2016 1,822 Condo 1,581 1,399 1,537 3,636 8,576 706 Housing 598 634 605 781 2,690 2,528 Ananda F/S 2,179 2,033 2,142 4,417 11,266 - - - - 2,211 2,211 Ananda Share in JV - Mitsui Share in JV - - - 2,124 2,124 2,528 15,601 Total (M Baht) 2,179 2,033 2,142 8,752 7 7

61% of Transfer Target will be derived from new projects Updated: June 30, 2016 Unit: M Baht Ideo Q Ratchathewi Ideo Mobi Sukhumvit Eastgate Ideo Mobi Wongsawang Interchange 99.2% sold 67.5% sold 65.4% sold New New New 97% transfer 57% transfer 49% transfer target in 16 target in 16 target in 16 3% transfer 51% transfer 43% transfer after 2016 after 2016 after 2016 Project value 2,008 Project value 2,546 Project value 1,752 Transfer begins 1Q16 Transfer begins 3Q16 Transfer begins 4Q16 % Net sold 99.2% % Net sold 65.4% % Net sold 67.5% % Transfer 85.2% % Transfer - % Transfer - Transfer target in 2016 1,943 Transfer target in 2016 861 Transfer target in 2016 1,444 Transferred in Q2 965 Transferred in Q2 - Transferred in Q2 - To be transferred in the next 6M 232 To be transferred in the next 6M 861 To be transferred in the next 6M 1,444 Backlog 1,145 Backlog 282 Backlog 1,719 To be transferred after 2016 892 To be transferred after 2016 65 To be transferred after 2016 1,102 8 8

61% of Transfer Target will be derived from new projects (Cont.) Updated: June 30, 2016 Unit: M Baht Ideo Q Chula Samyan 1 UNIO Charan 3 97% sold 61.8% sold New New 64% transfer 47% transfer target in 16 target in 16 36% transfer 53% transfer after 2016 after 2016 Project value 2,108 Project value 6,773 Transfer begins 4Q16 Transfer begins 4Q16 % Net sold 61.8% % Net sold 96.8% % Transfer - % Transfer - Transfer target in 2016 996 Transfer target in 2016 4,335 Transferred in Q2 - Transferred in Q2 - To be transferred in the next 6M 996 To be transferred in the next 6M 4,335 Backlog 1,303 Backlog 6,559 To be transferred after 2016 1,112 To be transferred after 2016 2,438 Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share 9 9

39% of Transfer Target will be derived from existing projects Updated: June 30, 2016 Unit: M Baht Ideo Mobi Sathorn Elio Sukhumvit 64 Elio Del Ray 100% sold 99.6% sold 100% sold 100% already 99.6% already 99.6% already transferred transferred transferred 0% transfer 2.2% transfer 16.8% transfer target in 16 target in 16 target in 16 Project value 1,888 Project value 1,478 Project value 3,346 Transfer begins 4Q13 Transfer begins 2Q14 Transfer begins 4Q14 % Net sold 99.6% % Net sold 100.0% % Net sold 100% % Transfer 99.6% % Transfer 99.6% % Transfer 100% Transfer target in 2016 8 Transfer target in 2016 563 Transfer target in 2016 32 Transferred in Q2 - Transferred in Q2 277 Transferred in Q2 32 To be transferred in the next 6M - To be transferred in the next 6M - To be transferred in the next 6M 9 Backlog - Backlog - Backlog 13 To be transferred after 2016 - To be transferred after 2016 8 To be transferred after 2016 4 10 10