Analyst Meeting 2Q2015 Results Disclaimer Disclaimer The views - - PowerPoint PPT Presentation

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Analyst Meeting 2Q2015 Results Disclaimer Disclaimer The views - - PowerPoint PPT Presentation

Analyst Meeting 2Q2015 Results Disclaimer Disclaimer The views expressed here contain some information derived from publicly available sources that may not been independently verified. No representation or warranty is made as to the accuracy,


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SLIDE 1

Analyst Meeting

2Q2015 Results

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SLIDE 2

Disclaimer

The views expressed here contain some information derived from publicly available sources that may not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Raimon Land PLC. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.

Disclaimer

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SLIDE 3

Financial Highlights

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Financial Highlights

Top lines

Project THB (mm) # rooms (1H15/1H14)

  • Avg. value per room

(1H15) River 235 11 / 46 21.4 185 1,765 44 / 89 40.1 Zire 1,002 172 / - 5.8 Total 3,002 227 / 135

16% 27%

Revenues from transfer Total revenues (transfer + others)

15% 27%

2014 2015 2014 2015

  • Despite increased number of rooms transferred during 1H2015 (227 rooms vs. 135 rooms

YoY), revenues from transfer decreased by 16% as value per unit of Zire is significantly less than that of River and 185 Rajadamri (average value per unit of 5.8mm for Zire)

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SLIDE 5

Financial Highlights

Profitability margin

  • Similarly, profitability margin has decreased as compared to last year due to the fact

that Zire has lower gross profit margin as compared to River or 185 Rajadamri,

  • As a result, blended gross and net profit margin decreased to 35.5% and 16.6%
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SLIDE 6

Financial Highlights

Earnings per share

0.12 0.06 0.02 0.04 0.06 0.08 0.1 0.12 0.14 Q2/2014 Q2/2015 0.22 0.15 0.05 0.1 0.15 0.2 0.25 6M/2014 6M/2015

EPS, 3-month 2Q2015 EPS, 6-month 2Q2015

32% 50%

  • As a result of reduction in revenues and dilution of profitability margin, earnings per

share have reduced by 32% and 50% for the period of 6-month and 3-month ending 30 June 2015, respectively

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SLIDE 7

Financial Highlights

Balance Sheet

  • Despite reduction in earnings per share, the company has reduced its interest bearing

debt to equity ratio from 1.0x to 0.9x due to continued transfer and debt repayment

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SLIDE 8

Operational Highlights

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SLIDE 9

9

Project Update as of 30 June 2015

Uncompleted Projects

UNIXX The Lofts Ekkamai % Sold (1) % Transfer (2)

Note : (1) Value (2) As % of sold value (3) As of 30 June 2015

% Sold (1) % Transfer (2) % Sold (1) % Transfer (2) % Sold (1) % Complete (3) % Sold (1) % Complete (3) 19% 74% 80% 96% 90% 92% 84% 91% 82% 91% 60% 65% 86% 89% 45%

  • Completion and

transfer to start in 4Q2015

  • Well received with

mainland Chinese

  • customers. Expect

pre-sales to surpass 65% prior to completion which is extraordinary for Pattaya market

  • Completion and

transfer to start in 4Q2016

  • Sales well over

80% despite construction is only 23% complete % Sold (1) % Complete (3) 0% 23% 22%

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SLIDE 10

Backlog

7,587

447 1,732 1,408 2,094 1,906 145 6,038 2,000 4,000 6,000 8,000 10,000 12,000

Jun-15 River 185 Zire Unixx Lofts Mews Unsold

Secured Backlog as of June2015

THB Mil.

Data has not included Lofts Asoke (project value of THB 2,500mm++)

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SLIDE 11

Pre-sales, 1Q2015

Project 1Q2015 (THB mm) 2Q2015 (THB mm) 1H2015 (THB mm) Remarks (Booking pipeline as of 31 July 15) River 116 224 340 THB 135.5 million 185 224 (49) 175 THB 69.0 million Zire 32 (25) 7 Unixx 198 50 248 THB 48.3 million Lotfs 9 83 92 THB 11.0 million Mews

  • 145

145 Asoke

  • Launch 2H2015

Total 579 428 1,007 THB 263.8 million

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SLIDE 12

Progress up-to-date

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SLIDE 13

Progress up-to-date Since last analyst meeting in May 2015 15 June 2015

  • Allocation of RML-W4 completed (strike price @ 1.97)

29 June 2015

  • First date of RML-W4 trading

29 July 2015

  • RML successfully raised THB 500mm debentures with coupon
  • f 4.80% (issuer rating of BBB- “stable”)
  • Debentures were placed to high net worth and institutional

investors

  • Debenture ID : RML 187A

29 May 2015

  • Approval of RML-W4 and Private Placement
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Q&A