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1 Disclaimer The information contained in this presentation is - - PowerPoint PPT Presentation
1 Disclaimer The information contained in this presentation is - - PowerPoint PPT Presentation
1 Disclaimer The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (PLAT or the "Company") to you solely for your reference. Neither this presentation
Disclaimer
The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (“PLAT” or the "Company") to you solely for your reference. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and their respective affiliates or advisors. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and their respective affiliates or advisors. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto in Thailand or any other jurisdiction. Any recipient considering a purchase of securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in the final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. The information in this presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many cases
- utside the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such
- statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not
guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. You are cautioned not to place undue reliance on these forward looking statements. In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct any inaccuracies therein which may become apparent. None of PLAT or any of their respective affiliates or other advisors accepts any liability to any person in relation to the granting of access to, or possession of, this document in any jurisdiction.
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“ To be the leader in commercial property development sector with mixed use development to cover residential, office and hotel together with fill support for entrepreneur, social and environment by making the optimum return to shareholders, encouraging work life balance to employees, and looking for corporate partners to achieve the sustainable growth.”
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PLAT’S VISION MISSIONS
To Support “Pratunum Trading District” development as a central strategic location for the country. To continue strengthen wholesale and retail shopping center management in all market segments. To promote the holistic view of mixed used property development to meet business requirement for local and South East Asia. To encourage the entrepreneurship, strategic partner engagement, and responsible for social , community, environment, employees and shareholders for sustainable growth. To develop personnel potentiality in preparation for business expansion and encourage the employees to align with the business engagement strategy and the encouraging the novelty or new ideas to generate new innovation
Major Shareholders
Choturangko
- l Family,
49% Wijithanarak family, 11% Limpiviwatk ul family, 8% Pongsuthima nus family, 4% Institutional Investors, 14% Others, 14%
2,800,000,000 Shares
As of Mar 2019
PLAT’S Profile
Symbol “PLAT”
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Rental & Service
Wholesale & Retail
Food Center
The Platinum Fashion Mall
HOTEL
Bangkok & Samui
Night Market
The Neon Night Bazaar
Community Mall
The Wharlf Samui
1 3
Office Building
(Future Project)
Mixed use project
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2
4
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Well mixed with synergy support to each others
Diversified Business Portfolio
PLAT group’s business
5
6
Location
Annual Tenant Meeting SME Empowering Prime Location
PLAT’s strengths
Tenants Supports Low D/E Low Risk Growth Company
- 4 Hotels
- 1 Retail
- 1 Office Building
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Executive Summary
Industry
- Thailand GDP grew by 3.7% in Q4/18 and 4.1% in 2018 , supported by faster spending in private
consumption and investment, while government spending slowed and net external contributed negatively to GDP growth.
- International Tourism Arrival increased by 5% YoY in Q4/18 to 9.73 Million and also increased by
7.5% YoY in 2018 to 38.3 Million with revenue from the arrival of international tourists of Baht 2.01 Trillion in 2018 (+10% YoY).
- Thailand’s Consumer Confidence Index (CCI) down to 80.4 in Q4/18 down from 82.5 in Q3/18.
Household debt remained high and affects the spending power of consumers.
- Same-store sales growth(SSSG) of major retailers flat due to weak domestic consumption.
- Bangkok’s total retail supply at end of year 2018 was over 7.6 million Sq.m. +3.7% YoY. (additional
new supply of 250,000 Sq.m. in 2018). The occupancy rate was at approximately 94.8% which was driven by higher occupancy rate in downtown malls and expected to increase in 2019.
Source : CBRE, BOT, Ministry of Tourism & Sports
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Executive Summary
Business
- Q4/18 Revenue = 557 MB(+2% YoY), Net Profit = 198 MB (-2% YoY)
- Year 2018 Revenue = 2,117 MB(+3% YoY), Net Profit = 785 MB(+2% YoY)
- Q4/18 SG&A per Total Revenue = 20% (+24% YoY)
- Year 2018 SG&A per Total Revenue = 18% (+9% YoY)
- Q4/18 Group’s Revenue proportion : Rental & Serivce 60%, Hotel Business 22%, F&B 13%,
Others 5%
- Year 2018 Group’s Revenue Proportion: Rental & Service 63%, Hotel Business 20%, F&B 13%,
Others 4%
- Q4/18 GP Margin =GP Margin 64%, NP Margin 35%
- Year 2018 = GP Margin 64%, NP Margin 37%
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
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Top Nationalities visited Thailand in 2018
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29.9 32.5 35.4 38.3 41.1 1.62 1.63 1.82 2.01 2.2
- 30
- 25
- 20
- 15
- 10
- 5
5 5 10 15 20 25 30 35 40 45
2015 2016 2017 2018 2019 (F)
No.of foreign tourist Tourist receipt (Trillion Baht)
Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport Kasikorn Research 28 Jan 2019
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Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport
- International Tourism Arrival increased by 7.5% YoY in 2018 to 38.3 Million
- Chinese tourist arrivals to Thailand bounced back quickly toward the end of 2018, thanks to a
concerted effort by the private and public agencies in helping shore up confidence of Chinese tourists toward Thailand and an exemption of visa-on-arrival fee for citizens of 20 countries, including China.
500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 JAN FEB MAR APR MAY JUN JULY AUG SEP OCT NOV DEC
2013 2014 2015 2016 2017 2018
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
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1,097 1,757 1,787 2,507 2,273 216 BEFORE 2018 2018 2019 2020 2021 2022
2021 onwards
4-Year Plan Capital Expenditures (Project Investment)
2020 2019
32,938 Sq.m. 288 Hotel Keys 62,282 Sq.m. 288 Hotel Keys 62,282 Sq.m. 617 Hotel Keys 106,982 Sq.m. 1,583 Hotel Keys
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2018
34,282 Sq.m. 288 Hotel Keys
2015-2017
Unit : MB
1,097 1,757 1,787 2,507 2,273 216
BEFORE 2018 2018 2019 2020 2021 2022
2019 Projects in pipeline Investment
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1,262 MB 512 MB 13 MB Others
Unit : MB
Operate Ownership Leasable Area (sq.m.) Avg Rental Rate %OCC
The Platinum Fashion Mall Dec 2005 Freehold 23,087 3,175 (Q4/2018: 3,156) 98% (Q4/2018: 98%) Wharf Samui Jan 2015 Leasehold 5,423 640 (Q4/2018: 626) 38% (Q4/2018: 37%) Neon Night Bazaar Phase 1:Dec 2016 Phase 2: Dec 2018 Leasehold 5,772 1,667 (Q4/2018: 1,708) 87% (Q4/2018: 88%) Novotel Platinum Pratunam Nov 2011 Freehold 288 keys 3,502 (Q4/2018: 3,792) 91% (Q4/2018: 91%)
Current Projects (Year 2018)
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Note : Neon Night Bazaar Phase 2 was opened on 15 December with additional NLA 1,344 Sq.m.
Investment value (MB) Tentative Opening Ownership Leasable Area The Market Retail Phase 1
3,400 14 February 2019
Leasehold 30 +30 Years ended 2079
28,000 sq.m.
The Market Retail Phase 2
1,000 Q2/2021
Leasehold 30 +30 Years ended 2079
6,700 sq.m.
The Platinum Tower @ M2
1,900 Q2/2021
Leasehold 30 +30 Years ended 2079
38,000 sq.m.
Fairfield by Marriot @ M3
1,300 Q2/2021
Leasehold 30 +30 Years ended 2079
434 keys
Moxy Hotel @ M1
1,400 Q2/2021
Leasehold 30 +30 Years ended 2079
532 keys
Holiday Inn Resort Samui
425 Q3/2020
Freehold
127 keys
Holiday Inn Express
475 Q3/2020
Freehold
202 keys
Projects in pipeline
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- In December 2018, Neon Phase 2 contributed additional NLA 1,344 Sq.m.
- In February 2019, The leasable area from Rental &Service business will increase from 34,282 sq.m. to 62,282 sq.m. (+82%)
from The Market Bangkok (M1,M2 building).
23,087 23,087 23,087 23,087 23,087 5,423 5,423 5,423 5,423 5,423 4,428 5,772 5,772 5,772 5,772 28,000 28,000 34,700 38,000
2017 2018 2019 2020 2021 Platinum Fashion Mall The Wharlf Samui Neon Night Bazar Retail@The Market The Platinum Tower (office)
Expansion Plan –Rental & Service
Rental & Service Business ( Sq.m. Leasable Area)
Y2017 32,938 Y2019 62,282 Y2018 34,282 Y2021 106,982 Y2020 62,282
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Expansion Plan- Hotel
Hotel Business (Keys)
288 288 288 288 288 127 127 202 202 434 532 2017 2018 2019 2020 2021 Novotel BKK Holiday Inn Resort samui Holiday Inn Express Samui Fairefield @ M3 Moxy @ M1
Y2017 288 Y2019 288 Y2018 288 Y2021 1,583 Y2020 617
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- In year 2020, there will be 329 additional keys from Holiday Inn Samui.
- In year 2021, there will be another 2 hotels in The Market Bangkok project with 966 keys from Moxy
Hotel on M1 and Fairfiled by Marriott on M3 Building.
69 166 250 438 630 704 772 785 203 203 199 186 198
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
272 432 503 719 950 1,043 1,171 1,177 321 301 297 280 299
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Financial Summary
670 1,015 1,169 1,445 1,768 1,863 2,059 2,117 545 531 517 512 557
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Unit :Million Baht
EBITDA Margin
Net Profit Margin 41% 43% 43% 50% 54%
10% 16%
21% 30% 36% 56% 38% 54% 57% 37% 59% 35%
Overview57% 38% 58%
38% 37% 36%
56% 55%
+13 MB, +2% YoY +58MB, +3% YoY
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- 5 MB,
- 2% YoY
+12 MB, +2% YoY
37%
- 22 MB,
- 7% YoY
+6 MB, +0.5% YoY
Net Profit Ebitda Revenue
59% 20% 13% 8%
670 1,015 1,169 1,445 1,769 1,863 2,059 2,117
2011 2012 2013 2014 2015 2016 2017 2018
Rental and Services Hotel Business Food and Beverage Others
Note: Revenue from hotel business includes both room revenue and Novotel F&B revenue
Unit : Million Baht
Revenue Breakdown
545 531 517 512 557
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Rental and Services Hotel Business Food and Beverage Others
59%
61%
57% 39% 3% 43% 28% 25% 4% 45% 26% 24% 5% 63% 17% 16% 4% 59% 13% 19% 9% 1%
20%
13% 5% 59% 13% 20% 8%
Key Highlights Financial Highlights Business Overview Future Projects62%
12%
21%
5%
65%
13%
19%
3% 13% 63% 20% 4%
65% 21%
13% 1%
21
60% 22%
13% 5%
296 454 582 836 992 1,068 1,213 1,307 338 323 319 326 336
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
64%
- 2 MB,
- 0.6% YoY
Gross profit Margin 63% 64% 66% 46% 47% 52% 60% 61% 62% 62%
Unit : Million Baht
64% 64% 22 +94 MB, +8% YoY
Gross Profit from Core Business
64 62 51 58 66 181 209 237
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 2016 2017 2018
Unit :Million Baht
Core Business
259 247 253 252 252 837 941 1,005
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 2016 2017 2018
Gross Profit from Rental Business Gross Profit from Hotel Business Gross Profit from Food & Beverage Business
- 7 MB,
- 3% YoY
16 14 15 16 18 50 63 65
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 2016 2017 2018 +2 MB, +3% YoY +2 MB, +12% YoY
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+64 MB, +7% YoY +28 MB, +13% YoY +2 MB, +3% YoY
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% GP of Core Business
69% 76% 76% 76% 75% 75% 77% 75% 76% 76% 75% 50% 40% 45% 50% 53% 55% 57% 56% 53% 54% 55% 24% 19% 21% 20% 24% 24% 25% 22% 23% 24% 25%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Rental &Service Hotel F&B
RENTAL & SERIVICE F&B HOTEL
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Business Type The Biggest wholesale and retail fashion shopping mall
- ver 2,600 shops where had opened since November 2005
The Platinum Fashion Mall
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[VALUE] 53,093 52,512 53,667 54,263 56,448 67,035 66,372 70,481 67,925 63,731 68,454 76,656 62,553.00 10% 6% 8%
- 2%
9% 18% 17% 24% 27% 30% 22% 18.00%
- 5%
0% 5% 10% 15% 20% 25% 30% 35%
- 10,000
20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec AVG
2017 2018 variance
R Walk Traffic
Average No. of tourism traffic on R Walk
- Year 2018 was 62,553 people per day, increasing 18% YoY.
- Q4/2018 was 69,614 people per day, increasing 23% YoY
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Platinum Fashion Mall Traffic
50 100 150 200 250 300 350 400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Bus
2560 2561
200 400 600 800 1000 1200 1400 1600 1800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Van
2560 2561
- No. of Bus visiting the Platinum Fashion Mall
Year 2018 : 3,075 bus +14% YoY Q4 2018 : 752 bus +11% YoY
- No. of Van visiting the Platinum Fashion Mall
Year 2018 : 14,936 van +16% YoY Q4 2018 : 3,591 van -1% YoY
12,863 14,936
- No. of Van
2017 2018 16% 2,701 3,075
- No. of Bus
2017 2018 14% 28
2,974 3,101 3,175 [VALUE] 3,183 3,184 3,175 3,156
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Baht per sq.m. per month
+74 Baht, +2% YoY
Occupancy Rate
Rental Rate
The Platinum Fashion Mall
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 98% 98% 98% 99% 98% 99% 99% 98%
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[VALUE] Sq.m. [VALUE] Sq.m
2,716
2,163
2,484 1,000 997
1,133
1,282 2,158 3,303
Q3/18 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q4/22 Q3/23 Q4/23
Lease area(Sq.m.) AVG Rental rate (Baht/Sqm)
The Platinum Fashion Mall
Expiring Schedule and average rental rate of long-term contract
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Breakdown by Category
As of 31 Dec 18 As of 31 Dec 2018
The Platinum Fashion Mall
By Area By Shop
[CATEGOR Y NAME] [PERCENT AGE] Storage 15% restuarants 9% Banks 3% Services 4% Others 2% Fashion clothes and accessories 75% Storage 15% restuarants 3% Banks 1% Services 3% Others 3% 31
Breakdown of Unearned Rental Income
Note : The proportion is calculated base on leasable area in both buildings of The Platinum Fashion Mall.
Breakdown of Tenant term
As of 31 Dec 2018 As of 31 Dec 2018
The Platinum Fashion Mall
[VALUE] MB, [PERCENT AGE] [VALUE] MB ,[PERCENT AGE] Within 1 year Within 2-5 year [VALUE] Contracts, [PERCEN TAGE] [VALUE] Contracts, [PERCEN TAGE] 1-3 year 10 year
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The Platinum Fashion Mall
As at 31 Dec 2018 (Only Unit and Area) Rental Unit Occupied Area Sq.m. Avg.Rental Q4/2018 Rental Space 1,447 17,446 3,630 GP Sharing 18 1,372 2,867 Storage 287 3,892 1,136 1+3 Yrs. 1,015 14,543 4,030 10 Yrs 737 8,163 1,599 Total 1,752 22,710 3,156 Occupancy 98.3%
Contract Expiration (No. of contracts) Expired in 2018 Expired in 2019 Expired in 2020 Onward 1-3 Yrs 38 943 34 10 Yrs 737 Total 38 943 771
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Business Type The first beachfront community mall in Samui Island with the vintage architecture in the combination of the western and eastern styles targeting to Thai and Foreign tourists.
The Wharf Samui
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511 546 640 [VALUE] 645 655 [VALUE] [VALUE]
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 +94 Baht, +17% YoY
Occupancy Rate Rental Rate
The Wharf Samui
Baht per sq.m. per month
+81 Baht, +15% YoY
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 62% 57% 38% 55% 39% 39% 36% 37%
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37 37
Business Type New shopping destination in the center of Bangkok gathered with various delicious food and more than 585 shops, 24 containers and 28 mini-shops in the comfortable atmosphere. TOURIST , LOCAL RESIDENT & OFFICR WORKER
The Neon Night Bazaar
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Neon Nigh Bazaar Traffic
- No. of Bus visiting the Neon Night Bazaar
Year 2018 571 bus +162% YoY Q4 2018 : 184 bus +130% YoY
- No. of Van visiting the Neon Night Bazaar
Year 2018 : 2,044 van +191% YoY Q4 2018 : 796 van +178% YoY
10 20 30 40 50 60 70 80 90 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Bus
2560 2561
50 100 150 200 250 300 350 400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Van
2560 2561
703 2,044
- No. of Van
2017 2018 191% 218 571
- No. of Bus
2017 2018 162%
973 [VALUE] [VALUE] 1,711 1,633 [VALUE] 1,618 1,708 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
+275 Baht, +20% YoY
Occupancy Rate Rental Rate
The Neon Night Bazaar
Baht per sq.m. per month
Appendix- 3 Baht,
- 0.1% YoY
2016* 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18** 65% 70% 87% 82% 86% 84% 92% 88%
Note : * Phase 1 -opened in Dec 2016 **Phase 2-opened 15 Dec 18 40
1
TENT
STANDARD COMMERCIAL SHELTER SIZE : 2 x 2 M. = 557 UNITS
2
CONTAINER
1 STOREY & MEZZANINE SIZE : 8 x 7.5 M. = 32 UNITS
4
Take Away
SIZE : 2 x 3 M. = 28 UNITS
3
SHOP
FREE FROM STYER SIZE : 6 x 4 M. = 73 UNITS 41
Shop types
Novotel Bangkok Platinum Pratunam
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Objective To compliment the Platinum Fashion Mall business as it provides the hospitality services to those visiting The Platinum Fashion Mall
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Novotel Bangkok Platinum Pratunam
Occupancy Rate Average Room Rate RevPar
Novotel Bangkok Platinum Pratunam
87% 88% 91% 90% 94% 88% 91% 91%
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
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+ 235 Baht, + 7% YoY + 206 Baht, + 6% YoY 2,674 2,890 3,193 3,235 3,319 2,875 3,106 3,470
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
3,078 3,284 [VALUE] 3,586 3,522 [VALUE] 3,413 3,792
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
+ 303 Baht, + 10% YoY + 218 Baht, + 7% YoY 44
Distribution Channel Year 2018 Guest Nationality Year 2018
AppendixOnline Agent Booking 42% [CATEGOR Y NAME] [PERCENT AGE] [CATEGOR Y NAME] [PERCENT AGE] Contraced Corporate 4% Business Group 6% Group Tour 5% Others 7% [CATEGOR Y NAME] 26% Malaysia 10% Indonesia 11% China 5% HongKong 4% Philippines 4% Thailand 3% India 5% Vietnam 2% Myanmar 3% [CATEGOR Y NAME] [PERCENT AGE]
Novotel Bangkok Platinum Pratunam
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AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
46
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Industry
- Thailand GDP is expected to grow 3.5-4.5% in year 2019.
- International Tourism Arrival is expected to grow 7.3% YoY to 41.1 Million in 2019 with revenue
from the arrival of international tourists growth 9%to Baht 2.2 trillion.
- Chinese tourists is expected to rise during the second half of this year but still depends on the
Chinese economy, the Yuan currency and the highly competitive tourism sector in Japan, South Korea and Vietnam.
- According to Electronic Transactions Development Agency (ETDA) , E-commerce market is
expected to increase to 10% of total retail sales within 5 years from 3% in year 2018.
Company
- The revenue from The Market Bangkok of the year 2019 is expected decrease from plan.
Outlook
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Revenue Portfolio
63% 20% 13% 4%
Rental&Service Hotel F&B Others
Year 2018
Revenue : 2,117 MB
Year 2022
Revenue : Approximately 5,000 MB
60% 39% [PERCE NTAG E]
Rental&Service Hotel F&B/Others
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
49
50
Mixed Used Project –The Market Bangkok Ratchaprasong
Moxy Fairfield The Platinum Tower The Market M1 M2 The Market M3
50
% OCC Others
90%
Average ARR
1,750
52
The Market Bangkok Update TARGET
Actual
(as of 14 Feb 2019) Average ARR % OCC
82% 1,700
Interior Design
53
Exterior Design
54 54
EXPERIENCED
LOCAL STREET FOOD & TAKEAWAY
URBAN QUICK MEAL EATERY LIFESTYLE CAFE
FASHION & ACCESSORIES FASHION & ACCESSORIES
SPECIALTY STORE
RESTAURANT
M3 M2
RAJDHAMRI ROAD BANGKOK SKYLINE
DECORATIVE ITEMS COSMETIC & SKIN CARE BANK
4F
LOCAL WISDOM SOUVENIR
RETAIL FLOOR CONCEPT
M1
3F 2F 1F GF MF
EXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
EXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
WELLNESS & VITALITY
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TARGET VISITORS
OFFICE WORKERS & STUDENTS RESIDENTS LOCAL THAIS
FOREIGN TOURISTS
A complete
EVERYDAY
shopping & dinning venue in the heart of Bangkok A GATHERING welcoming place for family & friends An enjoyable place with various kinds of food, activities and trendy merchandises at AFFORDABLE price
A MUST VISIT destination whenever visiting Bangkok. This place will offer a
UNIQUE EXPERIENCE like no others
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MERCHANDISING MIX BY CATEGORY
[CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE]
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The Market Phase 2
M1 Building
Operate Quarter 2 2021
- Moxy Hotel by Marriott
- fl.12-31
- 532 Keys
- 3 stars hotel
- target on teenager
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The Market Phase 2
M2 Building
Operate Quarter 2 2021
- The Platinum Tower
- Grade B up office
- NLA :38,000 Sq.m.
- 22 Floors
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60
M3 Building
Operate Quarter 2 2021
- Retail NLA: 6,700 Sqm
- Fairfield by Marriott
- fl. 10-23
- 434 keys
- 3 stars hotel
- target on family, MICE
The Market Phase 2
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AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
61
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
62
4,375 4,107 9,547 9,822 10,491 11,339
2013 2014 2015 2016 2017 2018
Current Assets Total Liabilities Non Current Assets Equities
81%51%
39%
64% 36%
30%
59% 86% 53% 83% 14% 86% 14% 41% 47% 17% 49% 15% 85%64% 36% 79% 21% 43% 57%
Consolidated Financial Position
19%
63
Unit :MB
64
[VALUE] Baht/Share [VALUE] Baht/Share [VALUE] Baht/Share [VALUE] Baht/Share
441 MB
Dividend Payment
504 MB 560 MB Dividend : PLAT’s payout policy at least 40% of net profit after tax and legal reserves of separate financial statement
70% 72% 72%
2015 2016 2017
% of Net profit
560 MB
72%
2018
Quarter 4/2018 Consolidated Income Statement
UNIT : MB Q4/17
Common Size
Q4/18
Common Size % Change
Revenue and Services income 333 61% 336 60% +1% Revenues from hotel operations 111 20% 120 22% +8% Revenues from F&B 71 13% 71 10%
- Other income
29 6% 30 5% +3% TOTAL REVENUES 544 100% 557 100% +2% Cost of rental and services 74 14% 84 15% +13% Cost of hotel operation 48 9% 54 10% +12% Cost of F&B sales 54 10% 53 9%
- 2%
SG&A 92 17% 114 20% +24% TOTAL EXPENSES 268 49% 305 55% +14% OPERATIONAL PROFIT 276 51% 252 45%
- 9%
Income tax expenses 73 13% 54 10%
- 26%
NET PROFIT 203 37% 198 35%
- 2%
EPS (Baht/share) 0.07 0.07
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Year 2018 Consolidated Income Statement
UNIT : MB 2017
Common Size
2018
Common Size % Change
Revenue and Services income 1,259 61% 1,332 63% +6% Revenues from hotel operations 395 19% 434 20% +10% Revenues from F&B 269 13% 267 13%
- 1%
Other income 136 7% 84 4%
- 38%
TOTAL REVENUES 2,059 100% 2,117 100% +3% Cost of rental and services 318 15% 327 15% +3% Cost of hotel operation 186 9% 197 9% +6% Cost of F&B sales 206 10% 203 10%
- 1%
SG&A 356 17% 389 18% +9% TOTAL EXPENSES 1,066 52% 1,116 53% +5% OPERATIONAL PROFIT 993 48% 1,001 47% +1% Income tax expenses 221 11% 215 10%
- 3%
NET PROFIT 772 37% 786 37% +2% EPS (Baht/share) 0.28 0.28
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Consolidated Financial Position
UNIT : MB Year 2017 31 Mar 2018 30 June 2018 30 Sep 2018 31 Dec 2018 Cash & Cash equivalents &Current Investment 5,472 5,455 4,854 4,750 4,648 Trade and Other receivables 43 45 35 34 47 Other Current Assets 75 99 136 162 171 Total Current Assets 5,590 5,599 5.025 4,946 4,866 Investment Properties 3,418 3,743 3,963 4,576 4,957 Property, Plant and equipment 1,171 1,156 1,152 1,150 1,170 Intangible Assets 252 247 242 237 231 Other non-current Assets 60 72 82 91 114 Total Non-current Assets 4,901 5,218 5,438 6,054 6,472 TOTAL ASSETS 10,491 10,817 10,464 11,000 11,339
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Consolidated Financial Position
UNIT : MB Year 2017 31 Mar 2018 30 Jun 2018 30 Sep 2018 31 Dec 2018 Trade and other payables 431 483 477 788 732 Current portion of unearned rental income 165 164 165 164 168 Short-term deposits of rental income 204 205 206 214 224 Other current liabilities 129 176 140 85 Total current liabilities 929 1,028 988 1,251 1,309 Unearned rental income, net of current portion 395 356 316 276 234 Other non-current liabilities 432 496 584 711 834 Total non-current liabilities 827 852 900 987 1,068 TOTAL LIABILITIES 1,756 1,880 1,888 2,238 2,377 TOTAL SHAREHOLDERS’EQUITY 8,735 8,937 8,576 8,761 8,961 TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY 10,491 10,817 10,464 11,000 11,339
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European Hotel Chain AMERICAN Hotel Chain European Hotel Chain
Group’s hotel business managed by International Chain
69