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3Q19 Quarterly Results SET Opportunity Day 3 Dec 2019 3Q19 - - PowerPoint PPT Presentation

3Q19 Quarterly Results SET Opportunity Day 3 Dec 2019 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019 Disclaimer The information (the Information) contained in this presentation is strictly confidential and is provided by


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SLIDE 1 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Quarterly Results

SET Opportunity Day

3 Dec 2019

3Q19

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SLIDE 2 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Disclaimer

2

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

  • ffer or invitation to purchase or subscribe for share in NVD. Any such purchase should be made solely on the basis of the information

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

  • rganization or elsewhere, without the prior written consent of NVD.

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. NVD undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new

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.

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SLIDE 3 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Agenda

3

▪ 2Q & 3Q19 Key Activities

▪ Soft & Official Launch ▪ VVIP Presales Event of The Most Issarsphap ▪ Grand Opening of Nirvana Beyond Rama9-Krungthep Kreetha ▪ Grand Opening of Nirvana Beyond Udonthani (Turnkey Solution Project) ▪ Grand Opening of Banyan Tree Residences Riverside Bangkok

▪ 3Q19 & 9M19 Financial Results

▪ Consolidated P&L: Negative Sentiment, Yet Revenue Growth Delivered ▪ Consolidated Statements of Financial Positions: Financial Strength Continued

▪ Business Outlook

▪ On-going Projects with Sales-Transfers-Backlog Report ▪ FY19 Performance Drivers ▪ Strategic Intents: ▪ Land Acquisition Strategy ▪ New Product Offerings ▪ Community Design & Township Development

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SLIDE 4 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

9M19

Key Activities

SET Opportunity Day

3 Dec 2019

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SLIDE 5 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

5

9M19: Key Activities

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Bangna-Kingkaew Area

  • 43.7-rai vicinity of

Suvarnabhumi Bangkok International Airport

  • New segment of

SDH series Nirvana Element

Sneak Peek ALL-NEW Nirvana BEYOND Series Mar-19

Nirvana BEYOND Rama9-Krungthep Kreetha

  • 85 units, Bt.2,600m project value
  • 49%-owned JV Project in partnership

with Daiwa House Industry of Japan

  • Equity income accounted on NVD’s

consolidated financial statements Nirvana BEYOND Udonthani

  • 40 units, Bt.1,000m project value
  • Turnkey Solution Project in Udonthani

(Partnership with Landlord)

  • Income recognition only on home

building contracts

  • Press conference on Apr 24, 2019
  • First public viewing
  • Collaboration & Partnership with Daiwa House Industry of Japan

Apr-19 Official Launch Nirvana BEYOND Rama9-Krungthep Kreetha Mar-19

  • 40 units, Bt.1,000m project value
  • Turnkey Solution Project in Udonthani (Partnership with Landlord)
  • Income recognition only on home building contracts

Jul-19 Grand Opening Nirvana BEYOND Udonthani

  • Bt.6,000m+ project value
  • 133 units of freehold, riverfront, 45-floor, Branded Condominium
  • 70% JV Project along Chaopraya River & Golden Line Skytrain

Aug-19 Grand Opening Banyan Tree Residences Riverside Bangkok

  • Bt.700m project value
  • 193 units with sellable area of 5,900 sqm
  • Low-rise, 8-story condominium near Siriraj Hospital, blue-line, and orange-line trains

Jun-19 VVIP & Presales The Most Issaraphap Feb-19 Land Acquisition

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SLIDE 6 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

6

Apr-19: Nirvana BEYOND Rama9-Krungthep Kreetha

Official Launch & Press Conference

Project Value

Bt.2,600m

▪ 85 units of All-new Fully-prefabricated Nirvana BEYOND series ▪ 49%-owned JV Project in partnership with Daiwa House Industry of Japan ▪ Equity income accounted on NVD’s consolidated financial statements

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 7 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

7

Jun-19: The MOST Issaraphap

VVIP Presales Event

ISSARAPHAP Project Value

Bt.700m

▪ 193 units with sellable area of 5,900 sqm ▪ Low-rise, 8-story condominium near Siriraj Hospital, blue-line, and orange-line trains ▪ 86% of sold with Bt.558m of backlog for 4Q20

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 8 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Project Value

Bt.700m

  • 193 units with sellable area of 5,900 sqm
  • Low-rise, 8-story condominium near Siriraj Hospital, blue-line, and orange-line trains
  • 86% of sold with Bt.558m of backlog for 4Q20

8

Jun-19: The MOST Issaraphap

VVIP Presales Event

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SLIDE 9 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Project Value

Bt.700m

  • 193 units with sellable area of 5,900 sqm
  • Low-rise, 8-story condominium near Siriraj Hospital, blue-line, and orange-line trains
  • 86% of sold with Bt.558m of backlog for 4Q20

9

Jun-19: The MOST Issaraphap

VVIP Presales Event

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SLIDE 10 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Project Value

Bt.1,000m

40 units of All-new Fully-prefabricated Nirvana BEYOND series

Turnkey Solution Project in Udonthani (Partnership with Landlord)

Income recognition only on home building contracts

Jul-19: Nirvana BEYOND Udonthani

Official Launch & Press Conference

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 11 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

11

▪ Top of Life Experience - Grand Opening event in Aug-19 ▪ Cumulative net sales of 52 units up to end of 3Q19 with a total of 44 units transferred ▪ Top-floor, the One&Only Duplex Penthouse sold in May-19 ▪ One of the Only Two 4BR Duplex sold and transferred in Sep-19 ▪ More sales and transfers of remaining backlogs expected throughout FY19 Official Launch & Grand Opening

Aug-19: Banyan Tree Residences Riverside Bangkok

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 12 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

12

Official Launch & Grand Opening

Aug-19 Outlook: Banyan Tree Residences Riverside Bangkok

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

▪ Top of Life Experience - Grand Opening event in Aug-19 ▪ Cumulative net sales of 52 units up to end of 3Q19 with a total of 44 units transferred ▪ Top-floor, the One&Only Duplex Penthouse sold in May-19 ▪ One of the Only Two 4BR Duplex sold and transferred in Sep-19 ▪ More sales and transfers of remaining backlogs expected throughout FY19

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SLIDE 13 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

13

Official Launch & Grand Opening

Aug-19: Banyan Tree Residences Riverside Bangkok

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

▪ Top of Life Experience - Grand Opening event in Aug-19 ▪ Cumulative net sales of 52 units up to end of 3Q19 with a total of 44 units transferred ▪ Top-floor, the One&Only Duplex Penthouse sold in May-19 ▪ One of the Only Two 4BR Duplex sold and transferred in Sep-19 ▪ More sales and transfers of remaining backlogs expected throughout FY19

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SLIDE 14 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

14

Official Launch & Grand Opening

Aug-19: Banyan Tree Residences Riverside Bangkok

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

▪ Top of Life Experience - Grand Opening event in Aug-19 ▪ Cumulative net sales of 52 units up to end of 3Q19 with a total of 44 units transferred ▪ Top-floor, the One&Only Duplex Penthouse sold in May-19 ▪ One of the Only Two 4BR Duplex sold and transferred in Sep-19 ▪ More sales and transfers of remaining backlogs expected throughout FY19

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SLIDE 15 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

3Q19

Financial Results

SET Opportunity Day

3 Dec 2019

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SLIDE 16 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019 Comparative Operating Performance Bt.m % Bt.m % Bt.m % yoy qoq Revenues:

Revenue from sales of real estate 633

88%

498

84%

565

88%
  • 11%
13%

Revenue from construction contracts 65

9%

46

8%

24

4%
  • 64%
  • 49%

Revenue from sales of goods 17

2%

50

8%

52

8% 207% 4%

Total revenues 715 100% 594 100% 640 100%

  • 10%
8% Costs:

Costs of real estate sold 369

52%

330

55%

300

47%
  • 19%
  • 9%

Costs of construction 66

9%

39

7%

23

4%
  • 65%
  • 41%

Costs of goods sold 16

2%

40

7%

45

7% 173% 11%

Total costs 450

63%

409

69%

368

57%
  • 18%
  • 10%

Gross profits 265

37%

185

31%

273

43% 3% 47%

Other incomes 8

1%

30

5%

7

1%
  • 17%
  • 77%

Selling expenses

  • 98 -14%
  • 95 -16%
  • 147 -23%
49% 55%

Administrative expenses

  • 55
  • 8%
  • 67 -11%
  • 57
  • 9%
3%
  • 16%

Gain (loss) from exchange rate, net (0.3)

0%

(0.9)

0%

0.4

0% 232% 141%

Financial costs (interest expenses)

  • 5
  • 1%
  • 27
  • 4%
  • 24
  • 4%
352%
  • 9%

Profits before share of profits from JV 114

16%

26

4%

53

8%
  • 54%
105%

Share of profits/(losses) from JV

0% 0%
  • 0%
nm nm

Income taxes

  • 25
  • 3%
  • 5
  • 1%
  • 11
  • 2%
  • 56%
111%

Net profits 89

12%

20

3%

42

6%
  • 53%
104%

Other comprehensive income, net of tax

  • 0%
  • 0%
nm nm

Total comprehensive income 89

12%

20

3%

42

6%
  • 53%
104%

3Q18 3Q19

%Change

2Q19

Quarterly: yoy & qoq

3Q19 Financial Results

Inevitable Negative Industry Sentiment

Consolidated Statements of Incomes

Strong Presales Helped Boost Backlogs ▪ NVD’s first low-rise condominium, the MOST Issaraphap, launched in late June 2019 with great success ▪ About 85%, sold during the VVIP event and Official Presales event held on 23 and 30 June 2019 respectively, generating backlogs of Bt.550m ▪ The Environmental Impact Assessment (EIA) approval is expected within 4Q19, and the construction works should take approximately 1.5 years. Inevitable Negative Sentiment ▪ High-rise residential transfers of Banyan Tree Residences Riverside Bangkok continued to fuel top-tine growth of 40%, transferring another 4 units to customers ▪ Softer revenue from sales of landed residential projects from stringent mortgage approval despite strong presales

  • f townhouses and home offices, Nirvana DEFINE

Srinakarin-Rama9, and Nirvana @WORK Financial Costs Up ▪ Interest expenses from BTRRB project finance and non- capitalized working capital loan interests Other Income Up ▪ Main items were cash deposits of some BTRRB units being forfeited as some conditions in the Sales-Purchases Agreements were breached 16

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SLIDE 17 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Top-line Growth Continued

9M19 Financial Results

17

Consolidated Statements of Incomes

Top-line Growth Continued ▪ Gloomy economic outlook, both globally and locally, inevitably impacts consumer sentiments and delays demand for high-end items ▪ Banks’ more stringent mortgage financing criteria due to rising household debt level obstructed intention to transfers for some homebuyers ▪ Total revenues of Bt.2,120m in 9M19, compared to Bt.1,681m in 9M18, growing 26% yoy. ▪ Nirvana @WORK Ramintra transferred 9 units, strong rebound in contributing to Sales of Real Estate in 9M19 ▪ BTS Pink Line expected to continue as a strong catalyst Selling Exp Up Slightly, Admin Exp Inline: ▪ Selling expenses related to marketing activities and sales commissions expenses related to transfers of BTRRB units ▪ General administrative expenses increased mainly from employees’ related expenses Net Profit Down: ▪ Relatively slower growth rate of net profits was a result of the significantly higher interests from the BTRRB project finance loan no longer being capitalized. Blended Gross Margin Slightly Improved in Percentage Term: ▪ Main contribution was gross margin of Sales of Real Estate segment ▪ BTRRB contributed to 40% gross margin of Sales of Real Estate in 9M19, contributing to almost 50% of total gross profit for the period and sales of 6-rai land on the south- side of Srinakarin-Romklao Road landbank

34% 9M18 9M19

LTV

Comparative Operating Performance %Change Bt.m % Bt.m % yoy Revenues:

Revenue from sales of real estate 1,340

80%

1,807

85% 35%

Revenue from construction contracts 244

15%

157

7%
  • 36%

Revenue from sales of goods 97

6%

157

7% 61%

Total revenues 1,681 100% 2,120 100%

26% Costs:

Costs of real estate sold 809

48%

1,076

51% 33%

Costs of construction 212

13%

143

7%
  • 33%

Costs of goods sold 81

5%

132

6% 63%

Total costs 1,101

66%

1,351

64% 23%

Gross profits 580

34%

769

36% 33%

Other incomes 56

3%

43

2%
  • 24%

Selling expenses

  • 255 -15%
  • 360 -17%
41%

Administrative expenses

  • 158
  • 9%
  • 189
  • 9%
20%

Gain (loss) from exchange rate, net

  • 4
0%

0.2

0% 105%

Financial costs (interest expenses)

  • 10
  • 1%
  • 85
  • 4%
771%

Profits before share of profits from JV 209

12%

178

8%
  • 15%

Share of profits/(losses) from JV

0%
  • 1
0% nm

Income taxes

  • 38
  • 2%
  • 36
  • 2%
  • 4%

Net profits 172

10%

140

7%
  • 18%

Other comprehensive income, net of tax

  • 2
0% 100%

Total comprehensive income 172

10%

142

7%
  • 17%
9M : yoy

9M18 9M19

36%
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SLIDE 18 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

18

Consolidated Statements of Financial Positions

Overall balance sheet size increased 10% from YE18 on land for new project and financing activities ASSETS ▪ Inventory and Costs of Property Development increased from: ▪ Cash & Cash Equivalents and Inventories & Costs of Property Development increase from the acquisition of 43.7-rai Bangna-Kingkaew land of approximately Bt.400m acquired in Feb-19. LIABILITIES ▪ Reclassification of Bt.446m Land purchase payable for 71.5-rai land plot in the north-side of Krungthep-Kreetha landbanks from non-current liabilities to current liabilities. ▪ The land was acquired in 1Q18 and paid by AVAL promissory note due in 1Q20. ▪ Interest-Bearing Debts increased due to: ▪ Bridging loan for 43.7-rai Bangna-Kingkaew land acquisition in Feb-19 ▪ Bt.283m Debentures No.1/2019 to refinance the prior Bt.200m of similar debenture. ▪ Additional long-term loan of 1,450m in 3Q19.

9M19 Financial Results

Financial Strength Continued

Consolidated Statements of Financial Position

Bt.m % Bt.m % Bt.m %

Assets: Cash and cash equivalents 1,104

9%

1,769

13%

665

60%

Inventories & Costs of property development 8,411

68%

8,960

65%

549

7%

Other current assets 23

0%

32

0%

9

40%

Total current assets 10,052

81%

11,254

82%

1,202

12%

Restricted bank deposits 27

0%

10

0%
  • 16
  • 62%

Property, plant and equipment, net 503

4%

542

4%

39

8%

Other non-current assets 227

2%

297

2%

71

31%

Total non-current assets 2,400

19%

2,490

18%

90

4%

Total assets 12,452

100%

13,745

100%

1,292

10%

Liabilities: Land purchase payables due within one year 57

0%

503

4%

446

784%

Interest bearing debts due within one year 2,052

16%

4,222

31%

2,170

106%

Deposits and advance received from customers 338

3%

100

1%
  • 237
  • 70%

Total current liabilities 3,361

27%

5,592

41%

2,231

66%

Land purchase payables 503

4%

57

0%
  • 446
  • 89%

Interest bearing debts due over one year 3,760

30%

3,233

24%
  • 528
  • 14%

Total non-current liabilities 4,298

35%

3,328

24%
  • 970
  • 23%

Total liabilities 7,659

62%

8,919

65%

1,261

16%

Total equity 4,794

38%

4,825

35%

32

1%

Total liabilities and equity 12,452

100%

13,745

100%

1,292

10% Remarks: Total land purchase payables 560 4% 560 4% 0% Total interest-bearing debts 5,813 47% 7,455 54% 1,642 28%

Changes YE18 3Q19

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SLIDE 19 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

4Q19

Outlook

SET Opportunity Day

3 Dec 2019

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SLIDE 20 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

20

  • 1. Nirvana BEYOND - Kaset Nawamin
  • 2. Nirvana BEYOND - Srinakarin
  • 3. Nirvana BEYOND - @Beach
  • 4. Nirvana BEYOND - Rama 2
  • 5. Nirvana ICON - WW-Rama 9
  • 6. Nirvana ICON - Pinklao
  • 7. The TARA - Ramindra
  • 8. CLUSTER by Nirvana - Raspattana
  • 9. COVER by Nirvana - On-nut

10.Nirvana DEFINE - Rama 9 11.Nirvana DEFINE - Srinakarin-Rama 9 12.Nirvana @WORK - Ramintra 13.Nirvana @WORK - Ladprao-Kaset Nawamin 14.BANYAN TREE Residences Riverside Bangkok 15.The MOST - Issaraphap

Single Detached Homes Townhomes Home Offices Condominium

1 2 4 5 6 7 8 9 10 12 13 14 11

4Q19 Outlook: On-going Projects

15
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SLIDE 21 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

As of Sep 30, 2019

Projects Project Values Price Range Total Project Sold Transferred Backlog Available for Sales Single Detached Homes Nirvana BEYOND - Kaset Nawamin Ph.1 1,069 12-35 67 66 66 1 Nirvana BEYOND - Srinakarin 982 13-35 58 58 56 2 Nirvana BEYOND - @Beach 424 15-20 21 1 1 20 Nirvana BEYOND - Kaset Nawamin Ph.2 716 15-30 37 35 35 2 Nirvana BEYOND - Rama 2 Ph.1 1,630 16-60 66 22 19 3 44 Nirvana BEYOND - Rama 2 Ph.2 979 14-30 54 9 3 6 45 Nirvana BEYOND - Udonthani 529 25-30 40 4 4 36 Nirvana BEYOND - Rama9-Krungthepkreetha 2,928 23-60 85 2 2 83 ICON - Pinklao 187 16-23 28 4 2 2 24 The TARA - Ramintra 279 4-10 54 39 39 15 Townhomes CLUSTER by Nirvana - Ratpattana 101 3-8 20 11 11 9 COVER by Nirvana - On-nut 550 2-6 194 193 193 1 DEFINE - Srinakarin-Rama 9 1,900 7-20 173 81 56 25 92 Home Offices @WORK - Ramintra 1,034 13-25 61 41 39 2 20 @WORK - Ladprao-Kaset Nawamin 1,051 13-31 56 28 21 7 28 Condominium BANYAN TREE Residences Riverside Bangkok 6,654 20-300 133 52 44 8 81 The Most - Itsaraphap 701 2-8 193 176 176 17

Estimated Values (Bt.m) 2,045 12,516

Bt.m #Units

21

4Q19 Outlook: On-going Projects

Projects in High-potential Areas

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SLIDE 22 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Develop-for-Sales

4Q19 Outlook: Banyan Tree Residences Riverside Bangkok

▪ Global roadshows continued ▪ Tapping European markets ▪ Collaborations with Banyan Tree

22

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 23 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

23

▪ Phase 2 launched in Jun-19 ▪ Cumulative sales of 81 units up to end of 9M19 with a total of 56 units transferred ▪ Backlogs of 25 units expected to be transferred within 1Q20 ▪ Flyover bridge over Kanchanapisek Outer Ring Road opened to public use in Oct-19

4Q19 Outlook: Nirvana DEFINE Srinakarin-Rama 9

Develop-for-Sales

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 24 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

24

Club House & Facilities

4Q19 Outlook: Nirvana BEYOND Rama9-Krungthep Kreetha

Develop-for-Sales: JV Project ▪ Official Launch & Grand Opening event in Apr-19 ▪ Cumulative sales of 8 units up to end of 9M19 with a total of 4 units of backlogs ▪ More sales expected with developments of nearby infrastructure and other projects ▪ Flyover bridge over Kanchanapisek Outer Ring Road opened to public use in Oct-19

3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019
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SLIDE 25 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

2020

Strategic Intent

SET Opportunity Day

3 Dec 2019

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SLIDE 26 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

26

209.7rai

82.9 acres

Srinakarin-Romklao Road

Rattanathibet Road

34,200m

POTENTIAL PROJECT VALUE

Bt.

7.9rai 4.5rai

3.1 acres 0.7 acres

269rai

HIGH-POTENTIAL, QUALITY ASSETS

106.5 acres

Strategic Intents: Land Acquisition Strategy

Towards Township Development

5,350m

NET ASSET VALUE*

Bt.

* Landbanks’ Market Values – Corresponding Debts

43.5ai

17.3 acres

3.8rai

1.5 acres
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SLIDE 27 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

27

Strategic Intents: New Product Offerings

More Detailed Segmentation & Product Variety

High-end 3-storey Single-detached Houses 3-4-storey Townhouses 4-storey Home Offices

House Type Price Range

Bt.25-50m Bt.8-15m Bt.10-30m

Household Incomes

Premium 3-storey Single-detached Houses Bt.40-80m Bt.500-1,000k Bt.300-500k 3-storey Single-detached Houses Bt.15-25m Bt.200-300k 2-storey Single-detached Houses Bt.10-20m Bt.8-15m Bt.150-300k Bt.100-200k Bt.200-400k

new new new

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SLIDE 28 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

28

Strategic Intents: Community Design & Township Development

Highest Value Extraction ▪ Land acquisition cost management while optimizing values ▪ “Turnkey Solution” where applicable ▪ Full-range of product spectrum ▪ Multiple-project, single-area efficiency ▪ Community services to enhance project values Krungthep-Kreetha TOWNSHIP Bangna-Kingkaew TOWNSHIP

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SLIDE 29 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Bangna Att U Park

Strategic Intents: Community Design & Township Development

29

▪ Nirvana BEYOND Bangna-Att U Park ▪ 35 units of all-new Nirvana BEYOND series ▪ Land size of 9.1 rai in Bangna-Kingkaew area ▪ Turnkey Solution Project (Partnership with Landlord) in Bangna-Trad km.12 ▪ Income recognition only on home building contracts (53%) ▪ Expected launch in 2H19

Project Value

Bt.1,000m

Project Value

▪ Nirvana ELEMENT Bangna-Kingkaew ▪ 157 units of all-new product segment of 2-storey SDH series: ▪ Land size of 43.5 rai in Bangna-Kingkaew area ▪ 100% owned project, full-project economics recognition ▪ Expected launch in 2H19

Bt.1,870m

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SLIDE 30 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

30

Bangna-Kingkaew TOWNSHIP Krungthep-Kreetha TOWNSHIP

SD4 ACTIVE MALL SD5 LIFESTYLE MEDICAL

Strategic Intents: Township Development

Highest Value Extraction

ACQUIRING LAND IN CLUSTERS

Optimized Costs LandAcquisition Range ProductSpectrum

  • f

Full OptimizedOPEX & ImprovedEfficiency Extra Facilities Enhancing Project Values

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SLIDE 31 3Q19 Quarterly Results | SET Digital Roadshow| 18 Nov 2019

Quarterly Results

3Q19

Contact: IR@nirvanadaii.com Kanlayanee Panthong, DBA. AVP – Investor Relations +662 105 6789 x505