1Q18
SET Opportunity Day
21 May 2018
1Q18 Quarterly Results SET Opportunity Day 21 May 2018 1Q18 - - PowerPoint PPT Presentation
1Q18 Quarterly Results SET Opportunity Day 21 May 2018 1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018 Disclaimer The information (the Information) contained in this presentation is strictly confidential and is provided by
SET Opportunity Day
21 May 2018
The information (the “Information”) contained in this presentation is strictly confidential and is provided by Nirvana Daii Public Company Limited (“NVD”) solely for information purpose and does not constitute an offer or invitation to sell or the solicitation of an
contained in the announcements to the Stock Exchange of Thailand relating to such securities. No reliance may be placed for any purposes whatsoever on the information set forth in this presentation or on its completeness. 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
This presentation contains projections and forward‐looking statements that reflect NVD's current views with respect to future events and financial performance. These views are based on our management’s assumptions and beliefs in light of the information currently available to us including a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside our control. 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 NVD. You are cautioned not to place undue reliance on these forward looking statements. No assurance can be given that future events will occur, that projections will be achieved, or that NVD's assumptions are correct. Please note that NVD and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these
information, future events or otherwise. None of NVD’s executives/staff or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever.
Disclaimer
2
Agenda
3
SET Opportunity Day
21 May 2018
1Q18 Key Activities
5
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018Feb 2018
Grand Opening Banyan Tree Residences – Riverside Bangkok
Project Value
Bt.6,000m+
& Golden Line Skytrain
1Q18 Key Activities
6
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018Mar 2018
Exclusive Sales: Nirvana DEFINE Srinakarin-Rama 9
Project Value
Bt.1,900m
sold in one weekend
SET Opportunity Day
21 May 2018
1Q18 Financial Results
8
Bt.m%Change Revenue from sales of real estate 537.4 79% 390.9 73%
Revenue from construction contracts 119.6 18% 95.5 18%
Revenue from sales of goods 24.9 4% 50.2 9% 102% Total revenue 681.9 100% 536.5 100%
Costs of sales of real estate (352.7)
(230.3)
Costs of construction (93.9)
(75.4)
Costs of sales of goods (19.5)
(47.0)
141% Total costs (466.1)
(352.7)
Gross profit 215.9 32% 183.8 34%
Other income 7.2 1% 22.7 3% 215% Selling expenses (88.4)
(96.4)
9% Administrative expenses (51.1)
(52.5)
3% Net loss from exchange rate 0.0 nm (4.9)
nm Financial costs (interest expenses) (3.5)
(7.9)
126% EBT 80.1 12% 44.8 8%
Income taxes (20.7)
(13.4)
Net Profit (losses) 59.5 9% 31.4 6%
Earnings (losses) per share 0.05 0.03
Unaudited1Q18
Unaudited1Q17 Lower Home Offices transfers from:
despite strong sales momentum Growth in Sales of Goods from:
to Crossroads Project in Maldives Townhouses transfers continued strong but not enough to offset Home Offices drop Blended Gross Margins improved in percentage term:
Srinakarin-Romklao Road
Selling expenses increased from:
Forex loss from strong THB against USD in relations to precast concrete shipments to Maldives Financial costs up from:
Nirvana DEFINE Rama9
units, thus interest expenses no longer being capitalized
Consolidated Statements of Incomes
Bt.m 31-Dec-17 31-Mar-18 %Change
Assets Cash and cash equivalents 992 513
Total CA 6,393 6,155
Non-current assets Land held for development 2,107 2,569 22% Property, plant and equipment, net 356 379 Goodwill 332 332 Total non-current assets 3,356 3,469 3% Total assets 9,749 9,624
Liabilities and equity Land purchase payables 1,197 446
Interest-bearing debts 2,824 3,473 23% Total liabilities 5,045 4,889
Paid-up share capital 1,381 1,381 Premium on share capital 1,251 1,251 Premium from acquisition 1,589 1,589 Retained earnings 402 440 9% Total equity 4,704 4,735 1% Total liabilities and equity 9,749 9,624
Net IBDE ratios 0.39 0.62 TL-TE ratios 1.07 1.03
1Q18 Financial Results
9
Consolidated Statements of Financial Position
Assets
as well as project development activities
Liabilities
Srinakarin-Romklao Road
debts for project financing loans
increased due to:
SET Opportunity Day
21 May 2018
11
10.DEFINE - Rama 9 11.DEFINE - Srinakarin-Rama 9 12.@WORK - Ramintra 13.@WORK - Ladprao-Kaset Nawamin 14.BANYAN TREE Residences Riverside Bangkok
Single Detached Homes Townhomes Home Offices Condominium
1 2 4 5 6 7 8 9 10 12 13 14 11FY18 Outlook: On-going Projects
FY18 Outlook: On-going Projects
12
Backlog
Bt.million As of Mar 31, 2018Projects Project Values Price Range Total Project Sold Transferred Backlog Available for Sales Single Detached Homes Nirvana BEYOND - Kaset Nawamin Ph.1 1,070 12-35 67 66 66 1 Nirvana BEYOND - Srinakarin 988 13-35 58 42 37 5 16 Nirvana BEYOND - @Beach 424 15-20 21 1 1 20 Nirvana BEYOND - Kaset Nawamin Ph.2 717 15-30 37 34 34 3 Nirvana BEYOND - Rama 2 Ph.1 1,633 16-60 66 16 11 5 50 Nirvana BEYOND - Rama 2 Ph.2 1,005 14-30 54 2 1 1 52 ICON - WW-Rama 9 513 6-20 36 35 35 1 ICON - Pinklao 218 16-23 28 1 1 27 The TARA - Ramintra 275 4-10 53 39 38 1 14 Townhomes CLUSTER by Nirvana - Ratpattana 103 3-8 20 9 9 11 COVER by Nirvana - On-nut 550 2-6 194 193 193 1 DEFINE - Rama 9 630 8-27 51 48 47 1 3 DEFINE - Srinakarin-Rama 9 1,900 7-20 173 32 32 141 Home Offices @WORK - Ramintra 1,056 13-25 61 24 22 2 37 @WORK - Ladprao-Kaset Nawamin 1,052 13-31 56 19 11 8 37 Condominium BANYAN TREE Residences Riverside Bangkok 6,518 20-300 133 85 85 48
Estimated Values (Bt.m) 3,925 9,859
Bt.m #Units
13
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018Project Value
& Golden Line Skytrain
Bt.6,000m+
FY18 Outlook: Banyan Tree Residences – Riverside Bangkok
FY18 Outlook: Nirvana DEFINE Srinakarin-Rama 9
14
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018to transfer from 3Q18 onwards
after two more show units complete
Project Value
Bt.1,900m
15
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018FY18 Outlook: Nirvana DEFINE Srinakarin-Rama 9
to transfer from 3Q18 onwards
after two more show units complete
Project Value
Bt.1,900m
16
FY18 Outlook: Nirvana DEFINE Srinakarin-Rama 9
263.5rai
104.2 acresSrinakarin-Romklao Road
Rattanathibet Road
POTENTIAL PROJECT VALUE
Bt.
17
7.9rai 4.5rai
3.1 acres 1.8 acresHIGH-POTENTIAL, QUALITY ASSETS
109.1 acresFY18 Outlook: High-potential Landbank
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018On-going JV discussions on these landbanks
SET Opportunity Day
21 May 2018
Strategic Direction: Quality of Growth
19
DEVELOP FOR SALES RECURRING INCOMES
TOWNHOUSE HOME-OFFICE CONDO
Parking Structures
DEVELOP
For Rents/Manage
Aluminum Windows & Doors
PavingHospitality Sector Hotels & Resorts
CONSTRUCTION SERVICES
& Building Materials
Telecom Sector
LAND TRADING FOR ASSET MAXIMIZATION PURPOSES
SDH HOME BUILDING SERVICES
Building Homes On Customer’s Land
20
Financial Goal
Land Acquisition Strategy JV & Partnership Collaborations Recurring Income Businesses
21
Strategy Execution: Home Building Service
Nirvana Daii Lounge
Central Bangna
New Sales Office
Rama 9
Home Building Center
Rama 9 [Upcoming]
22
Strategy Execution: Nirvana BEYOND Udonthani (JV)
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018Bt.1,000m
Expected Project Value
23
Strategy Execution: Construction Services
1Q18 Quarterly Results | SET Opportunity Day | 21 May 2018structures to CROSSROADS Maldives Project in Sep-17
1H18 2H18
DEVELOP FOR SALES RECURRING INCOMES
Grand Opening Transfers to BeginLOW-RISE CONDO
Parking Structure Parking StructureAll-new
Krungthep Kreetha Udonthani JVAll-new Subject to Change
Bangna HOME BUILDING CENTER Rama 9 HOME BUILDING CENTER Praditmanutham HOME BUILDING CENTERRECREATION PARK CHIENGRAI
Prefabricated Resort Builder
CONDO
Presales Open HouseTOWN HOUSES
JV-SDH PROJECT
SINGLE HOUSES HOME BUILDING SERVICE CONSTRUCTION SERVICES
MaldivesDEVELOP FOR RENTS
24
2018 Expected Milestones
Quality landbanks with high potentials
25
Key Takeaways
SET Opportunity Day
21 May 2018 Contact: IR@nirvanadaii.com Kanlayanee Panthong, DBA. AVP – Investor Relations +662 105 6789 x505