Presentation 2015 Q1 Results Analyst Meeting and 2015 Business Plan 1
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Agenda 1. Q1/2015 Financial Results 3. Bond Issue 2. Q1 Detail 4. Q1 Summary 1. Presales 5. Five Year Plan 2. Backlog 6. Macro 3. Launches 4. Revenues 7. Mass Transit Network Updates 5. Sales Rate 6. Cancelation Rate 7. Mortgage Rejection Rate 3
1Q/2015 Financial Statements 1Q2015 4Q2014 1Q2014 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Total revenue 1,394 100% 4,247 100% 1,790 100% (67%) (22%) 1,201 86% 3,872 91% 1,714 96% (69%) (30%) Revenue from sale of real estate 193 14% 375 9% 77 4% (49%) 152% Other incomes 546 41% 1,692 40% 600 34% (68%) (9%) Gross Profit 391 28% 737 17% 422 24% (47%) (7%) SG&A 180 13% 462 11% 196 11% (61%) (9%) Selling expenses 211 15% 275 6% 226 13% (23%) (6%) Administrative expenses 0 0% 0 0% 2 0% N/A 0% Other expenses (57) (4%) (142) (3%) (9) (1%) N/A N/A Share of Profit (Loss) 161 12% 856 20% 181 10% (81%) (12%) EBIT 61 4% 74 2% 41 2% (17%) 48% Interest expenses EBT 99 7% 781 18% 140 8% (87%) (29%) 26 25% 135 17% 29 21% (81%) (13%) Tax 74 5% 647 15% 110 6% (89%) (33%) Net Profit (Loss) 0.02 0.19 0.03 (89%) (33%) Earnings per share (baht) 4
1Q/2015 Financial Highlight 1Q2015 4Q2014 1Q2014 % Q-o-Q % Y-o-Y M Baht M Baht M Baht Cash balance 1,949 2,477 1,077 (21%) 81% Assets 18,467 17,088 12,911 8% 43% Interest bearing debts 8,939 7,614 4,700 17% 90% Liabilities 11,481 10,175 6,922 13% 66% Shareholders' equity 6,987 6,913 5,989 1% 17% D/E ratio (times) 1.6 1.5 1.2 12% 42% Net IBDE ratio (times) 1.0 0.7 0.6 35% 65% 5
2015 Business Plan – Quarterly Presales Condo Housing Total Quarter 10,000 (M Baht) (M Baht) (M Baht) 9,000 8,000 Unit : Mil Baht Quarter 1 1,756 296 2,053 7,000 6,000 Quarter 1 5,000 8,617 738 9,355 Actual 4,000 3,000 Quarter 2 1,468 572 2,040 2,000 1,000 Quarter 3 3,519 1,052 4,571 - 1Q15 1Q15 2Q15 3Q15 4Q15 Quarter 4 8,699 916 9,615 (F) (A) (F) (F) (F) Condo Housing Grand Total 22,302 3,279 25,581 Q1/2015 Presales above our guidance 356% Full Year guidance increased 11% 2015 Presales target between 25,000 and 26,000 M Baht 6
Ananda – No. 1 seller of condos in Thailand 8,000 7,000 6,000 Unit:M Baht 5,000 4,000 3,000 2,000 1,000 - ANAN PS LPN AP SC QH SPALI LH SIRI Condominium Net Pre-Sales Nationwide Source : ANAN from its 1Q2015 net presales / PS, LPN, AP, SC, QH, SPALI, LH, SC and SIRI from BLS Research 7
Current Projects >> 1Q 2015 Sales Updated: Mar 31, 2015 Value %Net Net Sales Backlog Unsold Inventory Project Launched %Transfer (M Baht) Sold (M Baht) (M Baht) (M Baht) AD3: Ideo Mobi Feb-12 1,466 99.1% 24 8 13 98.6% Phayathai AD3: Ideo Mobi Sathorn Feb-12 1,887 98.8% (3) - 23 98.8% AD3: Ideo Mobi Rama 9 Feb-12 2,885 98.1% 44 60 54 98.1% ADO: Atoll (Housing) Feb-13 8,520 43.6% 517 592 4,805 36.7% AD 14: Elio Sukhumvit 64 Mar-13 1,472 86.4% 143 196 200 73.2% AD14: Ideo Sathorn – Jul-13 3,834 57.9% 117 1,002 1,612 31.8% Tha Phra AD14: Elio Del Ray Aug-13 3,294 72.7% 269 580 900 55.1% AD 15: Ideo Wutthakat Aug-13 2,158 48.7% 23 1,051 1,108 - AD15: Ideo Mobi Charun- Oct-13 3,695 74.8% 90 2,764 931 - Interchange AD16: Ideo Q Ratchatewi Oct-13 2,020 99.3% - 2,005 15 - AD16: Ideo Q Chula- Oct-13 6,773 96.8% - 6,553 220 - Samyan 8
Current Projects >> 1Q 2015 Sales Updated: Mar 31, 2015 Value Net Sales Backlog Unsold Inventory Project Launched (M Baht) %Net Sold %Transfer (M Baht) (M Baht) (M Baht) AD17: Ashton Asoke 1 Sep-14 6,705 97.7% 18 6,555 151 - AD17: Ideo Q Siam- Sep-14 3,801 77.0% (563) 2,926 875 - Ratchathewi AD16: Ideo Mobi Sep-14 1,816 62.0% 19 1,127 690 - Wongsawang-Interchange AD16: Ideo Mobi Sukhumvit Sep-14 2,628 50.4% 85 1,324 1,304 - Eastgate Sub total (Existing) 52,956 783 26,741 12,899 - Note: 1 Increased selling price by 6% from initial plan 9
2015 New Launched Projects Updated: Mar 31, 2015 Value Net Sales Backlog Unsold Inventory Project Launched % Net Sold (M Baht) (M Baht) (M Baht) (M Baht) AD18: Ashton Chula-Silom 1 Mar-15 8,674 64.7% 5,609 5,609 3,065 AD17: Ashton Residence 41 Mar-15 1,822 99.1% 1,805 1,805 17 Sub total (2015 Launched) 10,496 70.6% 7,414 7,414 3,082 AD16 : Arden (Pre-register) To be launched in Q2 2,940 118 118 2,822 Grand total 66,392 8,315 34,273 18,803 Total Gross Presales Value (M Baht) New Launches 7,414 Existing Projects 1,824 Pre-register for Arden 2 118 Total Gross Presales 9,355 • 41% of initial annual presales target of 23 Bn Baht already achieved • 10 out of 12 new launches this year still to come Note: 1 20% of units held back for future sales events 10 2 Arden, new urban home to be launched in Q2
Ananda Member Club Event 11
Launch Event 12
Record Backlog Updated: Mar 31, 2015 12,000 11,286 11,325 10,000 3,211 4,646 Unit: Mil Baht 8,000 5,609 6,053 6,000 2,749 4,000 8,114 6,640 5,343 2,000 2,861 710 - 2015 2016 2017 2018 Ananda's Backlog - Condo Mitsui's Share Ananda's Backlog - Housing 34.3 Bn Baht in Backlog 28.5% increase in backlog since Q4 2014 65% of the Next 9M 2015 Revenue Secured by Backlog 13
2015 Business Plan – Quarterly Launches Condo Housing Total 12,000 Quarter (M Baht) (M Baht) (M Baht) 10,000 Quarter 1 8,267 - 8,267 Unit:Mil Baht 8,000 Quarter 1 10,496 - 10,496 6,000 Actual 4,000 Quarter 2 1,935 2,940 4,875 2,000 Quarter 3 5,741 - 5,741 - Quarter 4 11,310 - 11,310 1Q15 1Q15 2Q15 3Q15 4Q15 (F) (A) (F) (F) (F) Grand Total 29,482 2,940 32,422 Condo Housing Q1/2015 Launches above our guidance 27% Full Year Guidance increased 3% 2015 Launches target between 32,000 and 33,000 M Baht 14
2015 : New Products Urban Home : ARDEN INSPIRED URBANITES The new context of living in the city center, connecting all lifestyle endlessly. Rama 3 Ladprao 71 Patthanakarn 20
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