Presentation 2015 Q2 Results Analyst Meeting and 2015 Business Plan #COLORSOFPULSE
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Agenda 1. Q2/2015 Financial Results 6. Equity Treated Instruments Issue 2. Presales 7. Q2 Summary 3. Backlog 8. Company View 4. Launch Plan 9. Mass Transit Network Updates - Q3 Launches 10. Five Year Plan 5. Revenues 11. Partnership with Samsung : - Cancelation Rate IOT Smart Home - Mortgage Rejection Rate 3
2Q/2015 Financial Statements 2Q2015 1Q2015 2Q2014 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Total revenue 1,541 100% 1,394 100% 2,519 100% 11% (39%) 1,198 78% 1,201 86% 2,425 96% 0% (51%) Revenue from sale of real estate Other incomes 343 22% 193 14% 95 4% 78% 262% 621 42% 546 41% 900 36% 14% (31%) Gross Profit 441 29% 391 28% 483 19% 13% (9%) SG&A 211 14% 180 13% 215 9% 18% (2%) Selling expenses 229 15% 211 15% 268 11% 9% (14%) Administrative expenses 0 0% 0 0% 1 0% N/A (100%) Other expenses (124) (8%) (57) (4%) (10) 0% N/A N/A Share of Profit (Loss) 134 9% 161 12% 432 17% (17%) (69%) EBIT 70 5% 61 4% 56 2% 14% 26% Interest expenses EBT 64 4% 99 7% 376 15% (36%) (83%) (8) N/A 26 26% 58 15% N/A N/A Tax 72 5% 74 5% 319 13% (2%) (77%) Net Profit (Loss) 0.02 0.02 0.10 (2%) (77%) Earnings per share (baht) 4
1H/2015 Financial Statements 1H2015 1H2014 % Y-o-Y M Baht % M Baht % Total revenue 2,935 100% 4,310 100% (32%) 2,399 82% 4,138 96% (42%) Revenue from sale of real estate Other incomes 536 18% 171 4% 213% 1,167 42% 1,500 35% (22%) Gross Profit 832 28% 905 21% (8%) SG&A 386 13% 401 9% (4%) Selling expenses 445 15% 505 12% (12%) Administrative expenses 0 0% 3 0% (100%) Other expenses (181) (6%) (19) 0% N/A Share of Profit (Loss) 294 10% 613 14% (52%) EBIT 132 4% 97 2% 36% Interest expenses EBT 163 6% 516 12% (68%) 17 11% 87 17% (80%) Tax 146 5% 429 10% (66%) Net Profit (Loss) 0.04 0.13 (66%) Earnings per share (baht) 5
2Q/2015 Financial Highlight 2Q2015 1Q2015 2Q2014 % Q-o-Q % Y-o-Y M Baht M Baht M Baht Cash balance 1,788 1,949 2,441 (8%) (27%) Assets 19,949 18,467 16,332 8% 22% Interest bearing debts 10,417 8,939 7,976 17% 31% Liabilities 13,117 11,481 10,191 14% 29% Shareholders' equity 6,832 6,987 6,141 (2%) 11% D/E ratio (times) 1.9 1.6 1.7 17% 16% Net IBDE ratio (times) 1.3 1.0 0.9 26% 40% 6
2015 Business Plan – Quarterly Presales Condo Housing Total Quarter (M Baht) (M Baht) (M Baht) 738 790 Quarter 1 8,617 738 9,355 Unit : M Baht Quarter 2 1,468 572 2,040 8,617 8,589 686 1,065 Quarter 2 3,766 2,050 1,065 3,115 572 Actual 2,050 1,468 Quarter 3 3,766 686 4,452 1Q15 (A) 2Q15 (F) 2Q15 (A) 3Q15 (F) 4Q15 (F) 1Q15 (A) 2Q15 (F) 2Q15 (A) 3Q15 (F) 4Q15 (F) Condo Housing Quarter 4 8,589 790 9,379 Grand Total 23,022 3,279 26,301 Q2/2015 Presales above our guidance 53% Full Year guidance increased 3% 2015 Presales target between 26,000 and 26,500 M Baht 7 7
Current Projects >> 6M 2015 Sales Updated: June 30, 2015 Value %Net Net Sales Backlog Unsold Inventory Project Launched %Transfer (M Baht) Sold (M Baht) (M Baht) (M Baht) AD3: Ideo Mobi Phayathai Feb-12 1,466 100.0% 37 7 - 99.5% AD3: Ideo Mobi Sathorn Feb-12 1,888 99.6% 13 - 7 98.8% AD3: Ideo Mobi Rama 9 Feb-12 2,885 98.8% 89 25 9 98.8% ADO: Atoll (Housing) Feb-13 8,487 47.4% 824 508 4,465 41.4% AD 14: Elio Sukhumvit 64 Mar-13 1,474 91.4% 217 153 127 81.0% AD14: Ideo Sathorn – Tha Jul-13 3,786 51.8% (145) 567 1,826 36.8% Phra AD14: Elio Del Ray Aug-13 3,305 78.3% 462 350 718 67.7% AD 15: Ideo Wutthakat Aug-13 2,144 51.8% 84 1,111 1,033 - AD15: Ideo Mobi Charun- Oct-13 3,697 76.4% 149 2,823 873 - Interchange AD16: Ideo Q Ratchatewi Oct-13 2,020 99.0% (5) 2,000 20 - AD16: Ideo Q Chula-Samyan 1 Oct-13 6,773 96.8% 6 6,559 214 - AD17: Ashton Asoke 1 Sep-14 6,705 98.0% 35 6,572 133 - AD17: Ideo Q Siam- Sep-14 3,811 76.8% (563) 2,926 884 - Ratchathewi 1 AD16: Ideo Mobi Sep-14 1,817 62.2% 23 1,130 686 - Wongsawang-Interchange AD16: Ideo Mobi Sukhumvit Sep-14 2,658 52.2% 149 1,388 1,270 - Eastgate Sub total (Existing) 52,918 1,378 26,137 12,267 - Note: 1 Joint Venture with Mitsui Fudosan 8 8
2015 New Launched Projects Updated: June 30, 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 63.1% 5,609 5,609 3,065 AD17: Ashton Residence 41 Mar-15 1,852 83.9% 1,555 1,555 297 AD16: UNIO Jun-15 2,005 25.6% 514 514 1,491 AD16: ARDEN 3 projects Jun-15 3,036 19.4% 588 588 2,448 Sub total (2015 Launched) 15,568 8,131 8,131 7,437 Grand total 68,486 9,509 34,267 19,704 Total Gross Presales Value (M Baht) New New Launches 8,947 7 out of 13 Existing Projects 3,524 new launches Total Gross Presales 12,470 this year still to come 54% of initial annual presales target of 23 Bn Baht already achieved Note: 1 Joint Venture with Mitsui Fudosan 9 9
2Q15 Launched 10 10 10
2Q15 Launched 11 11 11
Large Backlog Updated: June 30, 2015 B acklog 70% of the 52% of 2016 next 6M15 secured by 34.3 Bn Baht secured by Backlog 12,024 Backlog 11,054 3,214 4,654 5,717 5,474 8,810 2,682 6,399 4,620 2,792 1,096 Unit: M Baht 70% 52% 29% 9% 2015 2016 2017 2018 2015 2016 2017 2018 Ananda's Backlog - Condo Mitsui's Share Ananda's Backlog - Housing Backlog as of June 2015 Backlog as of Backlog as of Dec 2014 Jun 2015 Presales Presales from New 34.3 27.1 Cancelled 3 Transferred from Existing Launches Bn Baht 2.4 Bn Baht 3.5 Bn Baht Bn Baht 8.9 Bn Baht Bn Baht 12 12 12
Mitsui JVs JV’s Project JV Projects To No. of JV Value be launched Projects (M Baht) 3Q2015 2 7,779 4Q2015 2 8,388 1Q2016 1 3,006 To be 5 19,173 launched 13 13
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