Presentation 2017 Q1 Results Analyst Meeting and Business Plan - PowerPoint PPT Presentation

Presentation 2017 Q1 Results Analyst Meeting and Business Plan

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Agenda 1. 1Q2017 Financial Results 3. 5 Years Business Plan  Transfers 4. Company View  Backlog 5. Mass Transit Network Updates  Launches 6. Dividend  Presales  Bonds Issue 2. 1Q2017 Summary 3

1Q/2017 Financial Statements 1Q2017 4Q2016 1Q2016 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % 2,314 100% 3,767 100% 2,595 100% -39% -11% Total revenue 1,577 68% 2,716 72% 2,179 84% -42% -28% Revenue from sale of real estate 71 3% 0 0% 0 0% N/A N/A Gain on sale of investment 666 29% 1,051 28% 417 16% -37% 60% Other incomes Gross Profit 722 33% 1,135 32% 933 37% -36% -23% 548 24% 719 19% 626 24% -24% -12% SG&A 215 9% 287 8% 223 9% -25% -4% Selling expenses Administrative expenses 333 14% 433 11% 403 16% -23% -17% (58) -2% 420 11% (108) -4% -114% -47% Share of Profit (Loss) 248 11% 1,071 28% 265 10% -77% -6% EBIT 87 4% 93 2% 69 3% -7% 27% Interest expenses 161 7% 978 26% 196 8% -84% -18% EBT 20 13% 84 15% 48 16% -76% -57% Tax 140 6% 891 24% 149 6% -84% -6% Net Profit (Loss) 0.03 0.26 0.04 Earnings per share (baht) 4

1Q/2017 Financial Highlights 1Q2017 4Q2016 1Q2016 % Q-o-Q % Y-o-Y M Baht M Baht M Baht 3,276 2,683 2,835 22% 16% Cash balance and equivalent 27,311 25,366 21,855 8% 25% Assets 11,467 10,937 9,704 5% 18% Interest bearing debts 15,461 14,612 12,997 6% 19% Liabilities 11,850 10,754 8,858 10% 34% Shareholders' equity D/E ratio (times) 1.30 1.36 1.47 -4% -11% 0.69 0.77 0.78 -10% -11% Net IBDE ratio (times) 5

2017 Business Plan >>Transfers 2017 Transfer target between 24,000 and 26,000 M Baht  2017 Full Year Transfer 2017 Transfer Growth Rate Target unchanged 58 % YoY 5,393 Unit : Mil Baht 5,614 10 new condo projects to 563 1,002 complete in 2017 36 586 324 336 741 38 337 461 350 3,336 523 360 2,677 2,316 1,142 1,217 1Q17 (F) 1Q17 (A) 2Q17 (F) 3Q17 (F) 4Q17 (F) Condo Housing Ananda Share in JV Mitsui Share in JV Quarter 1 Quarter Quarter 1 (Actual) Quarter 2 Quarter 3 Quarter 4 2017 Condo 1,142 1,217 2,316 2,677 3,336 9,545 Housing 523 360 461 741 1,002 2,565 Ananda F/S 1,664 1,557 2,777 3,418 4,338 12,110 Ananda Share in JV 350 337 38 586 5,614 6,574 Mitsui Share in JV 336 324 36 563 5,393 6,316 25,000 Total (M Baht) 2,350 2,238 2,851 4,567 15,345 6

76% Of Transfer Target Will Be Derived From New Projects Updated: Mar 31, 2017 Transfer Unit: M Baht 1Q17 2Q17 3Q17 Begins Ideo Sukhumvit 115 Ideo Q Siam-Ratchathewi 1 Ashton Residence 41 New Value New New Value Value 2,741 3,821 2,036 M Baht M Baht M Baht 67.3% sold 82.9% sold 47.1% sold 90% transfer 71% transfer 63% transfer target in 17 target in 17 target in 17 10% transfer 29% transfer 37% transfer after 2017 after 2017 after 2017 Ideo Mobi Bangsue Grand Interchange 1 New Housing Project New Value New 2,532 M Baht New Housing 42.5% sold 67% transfer Project target in 17 33% transfer after 2017 Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share 7

76% Of Transfer Target Will Be Derived From New Projects (Cont.) Updated: Mar 31, 2017 Unit: M Baht Transfer 4Q17 Begins Unio Sukhumvit 72 New Housing Project Venio Sukhumvit 10 Unio Rama2-Thakham New New New New Value New Housing Value 862 Value 976 1,451 M Baht M Baht M Baht Project 88.8% sold 49.2% sold 52.3% sold 45% transfer 60% transfer 67% transfer target in 17 target in 17 target in 17 55% transfer 40% transfer 33% transfer after 2017 after 2017 after 2017 Q Chidlom-Phetchaburi 1 Ideo Thaphra Interchange 1 Ashton Asoke 1 New New New Value Value Value 6,705 3,012 2,761 M Baht M Baht M Baht 55.9% sold 97.9% sold 37.4% sold 67% transfer 45% transfer 67% transfer target in 17 target in 17 target in 17 33% transfer 55% transfer 33% transfer after 2017 after 2017 after 2017 Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share 8

24% Of Transfer Target Will Be Derived From Existing Projects Updated: Mar 31, 2017 Unit: M Baht Ideo Q Chula-Samyan 1 Ideo Mobi Sukhumvit Eastgate Ideo Mobi Wongsawang Int. Unio Charan 3 Value 6,824 M Baht 99.8% sold 89.1% transferred 11% transfer target in 17 Value 2,619 Value 1,773 Value 2,110 Ideo Q Ratchathewi M Baht M Baht M Baht Value 2,008 35.2% sold 69.7% sold 71.4% sold M Baht 28% 51.4% 42.1% 100.0% sold transferred transferred transferred 45% transfer 98.8% transferred 39% transfer 54% transfer target in 17 target in 17 target in 17 1.2% transfer target in 17 Atoll (4 projects) Ideo Sathorn-Thaphra Ideo Wutthakat Ideo Mobi Charan Interchange Value 6,802 M Baht 63.2% sold 61.9% transferred 10% transfer target in 17 Arden (3 projects) Value 3,735 Value 3,547 Value 2,226 M Baht M Baht M Baht Value 2,919 M Baht 97.3% sold 91.2% sold 100.0% sold 58.7% sold 92.1% 84.3% 94.0% transferred transferred transferred 51.5% transferred 14.4% transfer 6% transfer 7.5% transfer 21.4% transfer target in 17 target in 17 target in 17 target in 17 Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share 9

Record Backlog Updated: Mar 31, 2017 B acklog 73% of the next 9M17 transfers secured by 42.5 Bn Baht backlog 23,461 16,342 11,964 Unit: Mil Baht 5,429 5,650 2,658 10,890 1,302 Unit: M Baht 4,984 1,355 607 278 2017 2018 2019 2017 2018 2019 Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Partner's Share Ananda's Backlog - Housing 10

Cancellation Rate Updated: Mar 31, 2017 8.0% 6.0% 4.0% 2.2% 2.0% 0.0% 3Q16 4Q16 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 1Q17 0 1 2 3 4 5 6 7 8 9 10 41.0% 31.0% 22.2% 21.0% 11.0% 1.0% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 0 1 2 3 4 5 6 7 8 9 10 7.0% 6.0% 5.0% 4.0% 3.0% 2.5% 2.0% 1.0% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 0 1 2 3 4 5 6 7 8 9 10 Note: % Cancellation Rates are calculated by cancelled value divided by beginning backlog + presales 11