Presentation 2016 Q3 Results Analyst Meeting and 2017 Business Plan - PowerPoint PPT Presentation

Presentation 2016 Q3 Results Analyst Meeting and 2017 Business Plan

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Agenda 1. 3Q2016 Financial Results 7. Bond Issuance 2. Transfers 8. New Business>> Mixed-use 3. Launches 9. Ananda Innovation 4. Presales 10. 2017 Business Plan 5. Backlog 11. Company View 6. 3Q 2016 Summary 12. Mass Transit Network Updates 3

3Q/2016 Financial Statements Q3/2016 Revenue 3Q2016 2Q2016 3Q2015 beat our Analyst Consensus of 2,530 M Baht by 18% % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % 2,979 100% 2,889 100% 2,665 100% 3% 12% Total revenue 2,358 79% 2,528 87% 2,251 84% (7%) 5% Revenue from sale of real estate Other incomes 621 21% 361 13% 414 16% 72% 50% 979 35% 996 35% 994 38% (2%) (1%) Gross Profit 581 20% 589 20% 611 23% (1%) (5%) SG&A Selling expenses 248 8% 259 9% 352 13% (4%) (30%) 334 11% 331 11% 259 10% 1% 29% Administrative expenses (105) (4%) (91) (3%) (152) (6%) 15% (31%) Share of Profit (Loss) 437 15% 370 13% 295 11% 18% 48% EBIT 98 3% 75 3% 54 2% 30% 80% Interest expenses EBT 339 11% 295 10% 241 9% 15% 41% 90 20% 85 22% 80 20% 5% 12% Tax 252 8% 210 7% 161 6% 20% 56% Net Profit (Loss) 0.06 0.05 0.05 Earnings per share (baht) Q3/2016 Net Profit beat our Analyst Consensus of 182 M Baht by 39% 4

9M/2016 Financial Statements 9M2016 9M2015 % Y-o-Y M Baht % M Baht % 8,463 100% 5,600 100% 51% Total revenue 7,065 83% 4,650 83% 52% Revenue from sale of real estate Other incomes 1,399 17% 950 17% 47% 2,908 35% 2,161 40% 35% Gross profit 1,796 21% 1,442 26% 25% SG&A 729 9% 738 13% (1%) Selling expenses 1,067 13% 704 13% 52% Administrative expenses (304) (4%) (333) (6%) (9%) Share of profit (Loss) 1,072 13% 590 11% 82% EBIT 241 3% 186 3% 30% Interest expenses EBT 830 10% 404 7% 106% 222 20% 97 13% 128% Tax 610 7% 307 5% 99% Net profit (Loss) Earnings per share (baht) 0.16 0.09 5

3Q/2016 Financial Highlight 3Q2016 2Q2016 3Q2015 % Q-o-Q % Y-o-Y M Baht M Baht M Baht 2,091 2,757 2,230 (24%) (6%) Cash balance 23,515 22,717 20,809 4% 13% Assets 10,158 9,809 9,940 4% 2% Interest bearing debts 13,619 12,904 12,964 6% 5% Liabilities Shareholders' equity 9,896 9,813 7,845 1% 26% D/E ratio (times) 1.4 1.3 1.7 5% (17%) 0.8 0.7 1.0 13% (17%) Net IBDE ratio (times) 6

2016 Business Plan >>Transfer 2016 Transfer target between 15,000 and 16,000 M Baht 5 new condo projects Q3/2016 Transfer beat our latest guidance by 35% 2,119 to complete in 2016 Unit : Mil Baht 2,206 267 497 278 706 467 598 605 2,669 1,891 1,822 1,581 1,537 1Q16 (A) 2Q16 (A) 3Q16 (F) 3Q16 (A) 4Q16 (F) Condo Housing Ananda Share in JV Mitsui Share in JV Quarter 1 Quarter 2 Quarter 3 Quarter 3 (Actual) Quarter 4 2016 Quarter 1,891 1,581 1,822 1,537 2,669 7,962 Condo 467 598 706 605 497 2,268 Housing 2,358 Ananda F/S 2,179 2,528 2,142 3,166 10,230 278 - - - 2,206 2,483 Ananda Share in JV 267 Mitsui Share in JV - - - 2,119 2,386 2,902 15,100 2,179 2,528 2,142 7,491 Total (M Baht) 7 7

63% of Transfer Target will be derived from new projects Updated: Sept 30, 2016 Transfer Unit: M Baht 1Q16 2Q16 3Q16 4Q16 Begins Ideo Q Ratchathewi Ideo Mobi Sukhumvit Eastgate UNIO Charan 3 61.8% sold 99.0% sold 66.2% sold New New New 34% transfer 100% transfer 54% transfer target in 16 target in 16 target in 16 66% transfer 0% transfer 46% transfer after 2016 after 2016 after 2016 Ideo Mobi Wongsawang Interchange New 48.7% sold 30% transfer target in 16 70% transfer after 2016 Ideo Q Chula Samyan 1 New 97% sold 71% transfer target in 16 29% transfer after 2016 Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share 8 8

37% of Transfer Target will be derived from existing projects Updated: Sept 30, 2016 Unit: M Baht Elio Sukhumvit 64 Ideo Sathorn Tha Phra Ideo Mobi Sathorn Elio Del Ray 76.7% sold 100% sold 99.6% sold 100% sold 74.4% already 100% already 99.6% already 100% already transferred transferred transferred transferred 31.9% transfer 0.4% transfer 2.2% transfer 16.9% transfer target in 16 target in 16 target in 16 target in 16 Atoll (5 projects) Arden (3 projects) Ideo Wutthakat Ideo Mobi Charan Interchange 61.7% sold 89.8% sold 88.3% sold 49.3% sold 57.6% already 45.4% already 88.1% already 86.2% already transferred transferred transferred transferred 31.4% transfer 18.0% transfer 32.0% transfer 22.4% transfer target in 16 target in 16 target in 16 target in 16 9 9

2016 Business Plan >>Launches 2016 Launches Target between 20,500 and 21,000 M Baht Launches 8 Sites JV 5 Sites accounting for 84% of launches) Unit : Mil Baht Full Year guidance decreased by 5% 11,129 7,436 Postpone 3 projects launches with a 6,544 combined value of 2.5 billion Baht 2,977 from 4Q16 to 1Q17 1Q16 (A) 2Q16 (A) 3Q16 (F) 3Q16 (A) 4Q16 (F) Condo Housing Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 3 (Actual) Quarter 4 2016 6,544 2,977 - 7,436 11,129 20,650 Condo - - - - - - Housing Total 6,544 20,650 2,977 - 7,436 11,129 (M Baht) 4 8 No. of Project 1 - 5 3 10 10

New Launch in Q3 >> UNiO Sukhumvit 72 UNiO Sukhumvit 72 Project value (M Baht) 1,460 No. of unit 984 Soft Launched date July 2016 Expected transfer date 2017 Location 600m. from BTS Bearing 11 11 11

New Launch in Q3 >> UNiO Rama 2-Thakham UNiO Rama 2 - Thakham Project value (M Baht) 985 No. of unit 724 Soft Launched date July 2016 Expected transfer date 2017 Location Rama 2 Road, opposite Central Rama 2 12 12 12

New Launch in Q3 >> Venio Sukhumvit 10 Venio Sukhumvit 10 Project value (M Baht) 861 No. of unit 162 Soft Launched date September 2016 Expected transfer date 2017 Location 650m. from BTS Nana 13 13 13

New Launch in Q3 >> Ideo Mobi Asoke Ideo Mobi Asoke Project value (M Baht) 3,238 No. of unit 507 Soft Launched date September 2016 Expected transfer date 2018 Location 290m. from MRT Phetchaburi 14 14 14

Ananda Urban Pulse Press Conference 15 15 15

AMC Event 16 16 16