Presentation 2016 Q4 Results Opportunity Day and 2017 Business Plan - PowerPoint PPT Presentation

Presentation 2016 Q4 Results Opportunity Day and 2017 Business Plan

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Agenda 1. 2016 Financial Results 3. 5 Years Business Plan  Transfers 4. 2017 Business Plan  Launches 5. New Business>> Serviced Apartment  Presales 6. Company View  Backlog 7. Mass Transit Network Updates  Cost of Bond 8. Dividend 2. 2016 Summary 9. Ananda Innovation 10.Ananda UrbanTech 3

FY2016 Financial Statements FY2016 FY2015 % Y-o-Y M Baht % M Baht % 12,230 100% 11,025 100% 11% Total revenue 9,780 80% 9,598 87% 2% Revenue from sale of real estate Other incomes 2,449 20% 1,427 13% 72% 4,043 35% 4,159 39% -3% Gross profit 2,516 21% 2,166 20% 16% SG&A Selling expenses 1,016 8% 1,151 10% -12% 1,500 12% 1,015 9% 48% Administrative expenses 115 1% (477) -4% N/A Share of profit (Loss) 2,143 18% 1,801 16% 19% EBIT 335 3% 254 2% 32% Interest expenses EBT 1,808 15% 1,547 14% 17% 306 18% 341 17% -10% Tax 1,501 12% 1,207 11% 24% Net profit (Loss) Earnings per share (baht) 0.42 0.36 4

4Q/2016 Financial Statements 4Q2016 3Q2016 4Q2015 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % 3,767 100% 2,979 100% 5,426 100% 26% -31% Total revenue 2,716 72% 2,358 79% 4,948 91% 15% -45% Revenue from sale of real estate Other incomes 1,051 28% 621 21% 478 9% 69% 120% 1,135 32% 979 35% 1,998 37% 16% -43% Gross Profit 719 19% 581 20% 724 13% 24% -1% SG&A Selling expenses 287 8% 248 8% 412 8% 16% -30% 433 12% 334 11% 311 6% 30% 39% Administrative expenses 420 11% (105) -4% (144) -3% N/A N/A Share of Profit (Loss) 1,071 28% 437 15% 1,211 22% 145% -12% EBIT 93 2% 98 3% 68 1% -4% 38% Interest expenses EBT 978 26% 339 11% 1,144 21% 188% -15% 84 15% 90 20% 244 21% -6% -65% Tax 891 24% 252 8% 900 17% 254% -1% Net Profit (Loss) 0.26 0.06 0.27 Earnings per share (baht) 5

FY2016 Financial Highlights 4Q2016 3Q2016 4Q2015 % Q-o-Q % Y-o-Y M Baht M Baht M Baht 2,683 2,091 2,573 28% 4% Cash balance and equivalent 25,366 23,515 20,471 8% 24% Assets 10,937 10,158 8,682 8% 26% Interest bearing debts 14,612 13,619 11,743 7% 24% Liabilities 10,754 9,896 8,727 9% 23% Shareholders' equity D/E ratio (times) 1.36 1.38 1.35 -1% 1% 0.77 0.82 0.70 -6% 10% Net IBDE ratio (times) 6

2016 Revenue & Profit with Analyst Consensus Actual Analyst Consensus 1,404 M Baht 1,501 M Baht Net Profit Actual Analyst Consensus 12,044 M Baht 12,230 M Baht Total Revenue Note : Analyst consensus from 15 Brokerage Firms 7

2016 Performance – All Time Record Transfers 2016 TRANSFERS 2016 PRESALES 2016 LAUNCHES 65 21 8 % % SITES LAUNCHED GROWTH RATE ABOVE IN LINE WITH FROM 2015 GUIDANCE GUIDANCE GUIDANCE 20,792 MB. 25,175 MB. ACTUAL 2013 2014 2015 2016 8 New Condo Housing Total Condo Housing Total Total Launches (Mil Baht) (Mil Baht) (Mil Baht) (Mil Baht) (Mil Baht) (Mil Baht) (Mil Baht) Transfers 13,602 2,264 15,866 Presales 22,404 2,770 25,175 Total Project Value 20,693 Transfers 15,866 Mil Baht Presales 25,175 Mil Baht Launches 20,693 Mil Baht 8

2016 Business Plan >>Transfers 2016 Transfers Q4/2016 Transfers 2016 Transfers above Growth Rate 65 % YoY beat our latest guidance by 10% guidance 5% Unit : Mil Baht 2,715 2,119 2,206 2,826 267 497 278 493 706 598 467 2,669 2,223 1,822 1,891 1,581 1Q16 (A) 2Q16 (A) 3Q16 (A) 4Q16 (F) 4Q16 (A) Condo Housing Ananda Share in JV Mitsui Share in JV Quarter 2 Quarter 3 Quarter 4 2016 Quarter Quarter 1 Quarter 4 (Actual) 2,223 1,581 1,822 1,891 2,669 7,516 Condo 493 Housing 598 706 467 497 2,264 2,716 2,179 2,528 2,358 3,166 9,780 Ananda F/S 2,826 Ananda Share in JV - - 278 2,206 3,104 2,715 Mitsui Share in JV - - 267 2,119 2,982 8,257 15,866 2,179 2,528 2,902 7,491 Total (M Baht) 2016 Transfers 15,866 M Baht 9

68% Of 2016 Transfers Derived From New Projects Updated: Dec 31, 2016 Unit: M Baht Transfer 1Q16 2Q16 3Q16 4Q16 Begins Ideo Q Ratchathewi Ideo Mobi Sukhumvit Eastgate UNIO Charan 3 Value Value Value 2,008 New 2,621 2,109 New New M Baht M Baht M Baht 99.6% sold 56.2% sold 66.4% sold 98.8% 42% 51.4% transferred transferred transferred 1.2% 49.6% 58% transfer transfer transfer after after 2016 after 2016 2016 Ideo Mobi Wongsawang Interchange Value New 1,773 M Baht 31.3% sold 28% transferred 72% transfer 5 new condo after 2016 Ideo Q Chula Samyan 1 projects completed Value in 2016 New 6,833 M Baht 97.1% sold 89% transferred 11% transfer after 2016 Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share 10

32% Of Transfers Derived From Existing Projects Updated: Dec 31, 2016 Unit: M Baht Elio Sukhumvit 64 Ideo Sathorn Tha Phra Ideo Mobi Sathorn Elio Del Ray Value 3,558 Value 1,478 Value 1,886 Value 3,346 M Baht M Baht M Baht M Baht 85.4% sold 100% sold 100% sold 100% sold 84.3% 100% 100% 100% transferred transferred transferred transferred 15.7% transfer 0% transfer 0% transfer 0% transfer after 2016 after 2016 after 2016 after 2016 Ideo Mobi Charan Atoll (5 projects) Arden (3 projects) Ideo Wutthakat Interchange Value 3,757 Value 2,913 Value 2,234 Value 7,426 M Baht M Baht M Baht M Baht 92.8% sold 63.0% sold 53.9% sold 96.8% sold 92.1% 61.9% 51.5% 94% transferred transferred transferred transferred 7.9% transfer 6% transfer 38.1% transfer 48.5% transfer after 2016 after 2016 after 2016 after 2016 11

2016 Business Plan >>Launches Launched 8 Sites JV 5 Sites accounting for 84% of launch value) Full Year Launches in line Unit : Mil Baht  with guidance 11,173 11,129 6,544 2,977 1Q16 (A) 2Q16 (A) 3Q16 (A) 4Q16 (F) 4Q16 (A) Condo Housing Quarter Quarter 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 2016 (Actual) 11,173 2,977 - 6,544 11,129 20,693 Condo - Housing - - - - - Total 11,173 20,693 2,977 - 6,544 11,129 (M Baht) 3 8 No. of Project 1 - 4 3 2016 Launches 20,693 M Baht 12

New Launch In Q4 >> Ideo Sukhumvit 93 Sales New Rate 74.5% as of December 31 st , 2016 Ideo Sukhumvit 93 Project value (M Baht) 6,207 No. of unit 1,332 Soft Launched date October 2016 Expected transfer date 2018 Location 15m. from BTS Bangchak 13