Analyst Meeting 2015 End of Year Results and 2016 Business Plan - - PowerPoint PPT Presentation

analyst meeting
SMART_READER_LITE
LIVE PREVIEW

Analyst Meeting 2015 End of Year Results and 2016 Business Plan - - PowerPoint PPT Presentation

Analyst Meeting 2015 End of Year Results and 2016 Business Plan Disclaimer The information (Confidential Information) contained in this presentation is strictly confidential and is provided by Ananda Development Public Company Limited (the


slide-1
SLIDE 1

Analyst Meeting

2015 End of Year Results and 2016 Business Plan

slide-2
SLIDE 2

Disclaimer

2

The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by Ananda Development Public Company Limited (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. 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. Although care has been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and

reasonable, the Confidential 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. None of the Company, or any of their respective members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. This presentation is for information purposes only and does not constitute or form part of any offer or invitation 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, United States or any other jurisdiction. 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. This presentation contains projections and 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 and these may change over time and in many cases are outside the control of the Company. 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 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 forecasted and projected or in the forward‐looking statements.

slide-3
SLIDE 3

Agenda

3

  • 1. FY2015 Financial Results
  • 2. Presales
  • 3. Backlog
  • 4. Launched
  • Q4 Launched
  • 5. Transferred
  • Cancelation Rate
  • Mortgage Rejection Rate
  • 6. 2015 Summary
  • 7. 2016 Business Plan
  • 8. Five Year Plan
  • 9. Mitsui JVs
  • 10. IoT Smart Home
  • 11. BIM and TQPMS
  • 12. Company View
  • 13. Mass Transit Network Updates
  • 14. Dividend
slide-4
SLIDE 4

4 4

2015 Financial Performance Highlights

14,954 34,828 20,898 26,235

  • 5,000

10,000 15,000 20,000 25,000 30,000 35,000 40,000 FY2014 FY2015 Launches Presales

26% YoY increase in presales 4% YoY increase in total revenue

Total Revenue 10,580 Total Revenue 11,025

7% YoY dropped in net profit

459% QoQ in net profit 39% YoY in net profit

 Record Housing Presales  Record Condo Presales  Record Launches  Record Backlog  %Selling Expenses to Presales down  %Admin Expenses to GDV down  Net IBDE below target

Unit : M Baht 7,383 7,494 2,295 2,104 902 1,427

  • 5,000

10,000 15,000 FY2014 FY2015 Others Rev - Housing Rev - Condo 647 161 900

  • 200

400 600 800 1,000 4Q14 3Q15 4Q15 Net Profit 1,301 1,207 1,150 1,200 1,250 1,300 1,350 FY2014 FY2015 Net Profit

slide-5
SLIDE 5

FY2015 FY2014

% Y-o-Y M Baht % M Baht % Total revenue 11,025 100% 10,580 100% 4% Revenue from sale of real estate 9,598 87% 9,678 91% (1%) Gain on sale of project land 0% 110 1% (100%) Other incomes 1,427 13% 792 7% 80% Gross Profit 4,159 39% 3,927 38% 6% SG&A 2,166 20% 2,059 19% 5% Selling expenses 1,151 10% 1,093 10% 5% Administrative expenses 1,015 9% 967 9% 5% Other expenses 0% 3 0% (100%) Share of Profit (Loss) (477) (4%) (293) (3%) N/A EBIT 1,801 16% 1,823 17% (1%) Interest expenses 254 2% 227 2% 12% EBT 1,547 14% 1,596 15% (3%) Tax 341 22% 294 18% 16% Net Profit (Loss) 1,207 11% 1,301 12% (7%) Earnings per share (baht) 0.36 0.39 (7%) Net Profit excluding gain on land sale 1,207 11% 1,247 12% (3%)

5

FY2015 Financial Statements

slide-6
SLIDE 6

6

4Q/2015 Financial Statements

4Q2015 3Q2015 4Q2014 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Total revenue 5,426 100% 2,665 100% 4,247 100% 104% 28% Revenue from sale of real estate 4,948 91% 2,251 84% 3,873 91% 120% 28% Gain on sale of project land 0% 0% 0% N/A N/A Other incomes 478 9% 414 16% 374 9% 15% 28% Gross Profit 1,998 37% 994 38% 1,692 40% 101% 18% SG&A 724 13% 611 23% 897 21% 18% (19%) Selling expenses 412 8% 352 13% 665 16% 17% (38%) Administrative expenses 311 6% 259 10% 231 5% 20% 35% Other expenses 0% 0% 0% N/A N/A Share of Profit (Loss) (144) (3%) (152) (6%) (142) (3%) N/A N/A EBIT 1,211 22% 295 11% 856 20% 310% 42% Interest expenses 68 1% 54 2% 74 2% 24% (9%) EBT 1,144 21% 241 9% 781 18% 374% 46% Tax 244 21% 80 33% 135 17% 204% 81% Net Profit (Loss) 900 17% 161 6% 647 15% 459% 39% Earnings per share (baht) 0.27 0.05 0.19 459% 39% Net Profit excluding gain on land sale 900 17% 161 6% 647 15% 459% 39%

slide-7
SLIDE 7

7

4Q/2015 Financial Highlight

4Q2015 3Q2015 4Q2014 % Q-o-Q % Y-o-Y

M Baht M Baht M Baht Cash balance 2,573 2,230 2,477 15% 4% Assets 20,471 20,809 17,088 (2%) 20% Interest bearing debts 8,682 9,940 7,614 (13%) 14% Liabilities 11,743 12,964 10,175 (9%) 15% Shareholders' equity 8,727 7,845 6,913 11% 26% D/E ratio (times) 1.4 1.7 1.5 (18%) (9%) Net IBDE ratio (times) 0.7 1.0 0.7 (29%) (6%)

slide-8
SLIDE 8

Net Profit

2015 Revenue & Profit with Analyst Consensus

8

Analyst Consensus Actual

11,025 M Baht 11,308 M Baht

Analyst Consensus Actual

1,207 M Baht 1,177 M Baht

Note : Analyst consensus from 12 Brokerage Firms

Total Revenue

slide-9
SLIDE 9

1Q15 (A) 2Q15 (A) 3Q15 (A) 4Q15 (F) 4Q15 (A) 8,617 2,050 5,003 3,973

6,598

738 1,065 1,206 1,032

958

Unit : Mil Baht Condo Housing

2015 Business Plan – All Time Record Presales

2015 Presales 26,235 M Baht

Quarter Condo (M Baht) Housing (M Baht) Total (M Baht) Quarter 1 8,617 738 9,355 Quarter 2 2,050 1,065 3,115 Quarter 3 5,003 1,206 6,209 Quarter 4 3,973 1,032 5,005 Quarter 4 Actual

6,598 958 7,556

Grand Total 22,268

3,967 26,235

1Q15 (A) 2Q15 (A) 3Q15 (A) 4Q15 (A)

9 9

Q4/2015 Presales above our latest guidance 51% 2015 Presales above our initial guidance 14%

4Q15 (F)

All Time Record

  • n Condo

All Time Record

  • n Housing

All Time Record

  • n Presales
slide-10
SLIDE 10

2015 Sales

10

Updated: Dec 31, 2015

Project Value (M Baht) Net Sales (M Baht) Backlog (M Baht) Unsold Inventory (M Baht)

Housing (Existing) 7,447 1,537 368 3,764 Condo (Existing) 44,670 2,294 21,550 6,301 Sub total (Existing) 52,116 3,831 21,918 10,065 Housing (2015 Launched) 2,921 1,014 487 1,907 Condo (2015 Launched) 31,907 14,766 14,766 17,141 Sub total (2015 Launched) 34,828

15,780 15,253 19,048 Grand Total

86,944 19,611 37,171 29,113

10

  • 5,000
  • 5,000

10,000 15,000 20,000 Unit:M Baht

  • No. 2 Condo Sellers in Thailand for 2014 and 2015

Note: 2014 and 2015 Anan’s net presales with Peers’ presales from BLS Research

  • 5,000

10,000 15,000 20,000 Unit:M Baht

  • No. 1 Combined Condo Sellers in Thailand for 2014 and 2015

2015 2014

  • 5,000

10,000 15,000 20,000 25,000 30,000 35,000 ANAN LPN AP SPALI PS SIRI LH QH SC Unit:M Baht

slide-11
SLIDE 11
  • Exclusive Presales event for AMC and VIP customers
  • IDEO Urban Pulse @ Siam Paragon: Launch 4 new projects

Key Highlight ( AMC & Urban Pulse )

2015

11 11

AMC Event

slide-12
SLIDE 12

Brand Launching and RTM Campaign

2015

Ready to move Campaign

Grand Opening 3 New Projects Grand Opening 1 New Project

slide-13
SLIDE 13

2016 2017 2018 5,607 3,088 2,211 6,987 4,888 2,124 6,713 4,696 855 Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Mitsui's Share Ananda's Backlog - Housing

Record Backlog

13

Updated: Dec 31, 2015

10,797 9,585 16,789

Backlog 37.2 Bn Baht

Backlog as of December 2015

Backlog as of Dec 2014

27.1

Bn Baht Presales from New Launches 18.1 Bn Baht Cancelled 6.6 Bn Baht Presales from Existing 8.1 Bn Baht Backlog as of Dec 2015

37.2

Bn Baht Transferred 9.6 Bn Baht Unit: M Baht

65% of 2016

secured by Backlog

13 13 2016 2017 2018

slide-14
SLIDE 14

1Q15 (A) 2Q15 (A) 3Q15 (A) 4Q15 (F) 4Q15 (A) 10,573 2,030 10,778 8,305

8,526

2,921 Unit : M Baht Condo Housing

2015 Business Plan – All Time Record Launches

2015 Launches 34,828 M Baht

Quarter

Condo

(M Baht)

Housing

(M Baht)

Total

(M Baht)

Quarter 1 10,573

  • 10,573

Quarter 2 2,030 2,921 4,951 Quarter 3 10,778

  • 10,778

Quarter 4 8,305

  • 8,305

Quarter 4 Actual

8,526

  • 8,526

Grand Total 31,907

2,921 34,828

1Q15 (A) 2Q15 (A) 4Q15 (A) 3Q15 (A) 4Q15 (F)

14 14

Q4/2015 Launches above our latest guidance 3% 2015 Launches above our initial guidance 10%

All Time Record

  • n Launches

All Time Record

  • n Condo
slide-15
SLIDE 15

15 15 15

2 Projects soft launched in Q4

Ashton Silom1 Project value (M Baht) 6,006

  • No. of unit

428 % Net value sold 41.2% Net Sold (M Baht) 2,474 Soft Launched date November 2015 Expected transfer date 2018 Location 350 m. from BTS Chongnonsi Ideo Mobi Bangsue Grand Interchange1 Project value (M Baht) 2,520

  • No. of unit

661 % Net value sold 23.7% Net Sold (M Baht) 597 Soft Launched date November 2015 Expected transfer date 2017 Location 300 m. from Taopoon Interchange

Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share

slide-16
SLIDE 16

1Q15 (A) 2Q15 (A) 3Q15 (A) 4Q15 (F) 4Q15 (A) 868 808 1,811 4,491

4,007

332 391 440 1,406

941

Unit : Mil Baht Condo Housing

2015 Business Plan – Quarterly Transferred

2015 Transferred 9,598 M Baht

Quarter

Condo

(M Baht)

Housing

(M Baht)

Total

(M Baht)

Quarter 1 868 332 1,201 Quarter 2 808 391 1,198 Quarter 3 1,811 440 2,251 Quarter 4 4,491 1,406 5,896 Quarter 4 Actual

4,007 941 4,948

Grand Total

7,494 2,104 9,598

1Q15 (A) 2Q15 (A) 4Q15 (A) 3Q15 (A) 4Q15 (F)

16 16

Q4/2015 Transferred below our latest guidance 16% 2015 Transferred below our initial guidance 9%

slide-17
SLIDE 17

2015 Transferred

Updated: Dec 31, 2015

17 17

Project value 6,237 Transfer begins 4Q13 % Net sold 99.9% % Transfer 99.9% Transferred in 4Q15 16 Transferred in 2015 325 To be transferred after 2015 8 Backlog

  • Project value

1,479 Transfer begins 2Q14 % Net sold 100% % Transfer 97.8% Transferred in 4Q15 139 Transferred in 2015 442 To be transferred after 2015 33 Backlog 33 Project value 3,330 Transfer begins 4Q14 % Net sold 89.5% % Transfer 83.5% Transferred in 4Q15 249 Transferred in 2015 1,352 To be transferred after 15 551 Backlog 202

3 Ideo Mobis Elio Sukhumvit 64 Elio Del Ray

Unit: M Baht

slide-18
SLIDE 18

2015 Transferred (Cont.)

Updated: Dec 31, 2015

18 18

Project value 3,832 Transfer begins 4Q14 % Net sold 57.9% % Transfer 56.3% Transferred in 4Q15 358 Transferred in 2015 1,169 To be transferred after 2015 1,673 Backlog 62 Project value 2,222 Transfer begins 3Q15 % Net sold 68.9% % Transfer 64.3% Transferred in 4Q15 469 Transferred in 2015 1,429 To be transferred after 2015 793 Backlog 101 Project value 3,804 Transfer begins 4Q15 % Net sold 82.7% % Transfer 73.0% Transferred in 4Q15 2,776 Transferred in 2015 2,776 To be transferred after 15 1,028 Backlog 371

Ideo Sathorn Tha Phra Ideo Wutthakat Ideo Mobi Charan Interchange

Unit: M Baht

slide-19
SLIDE 19

2015 Transferred (Cont.)

Updated: Dec 31, 2015

19 19

Project value 7,447 Transfer begins 1Q13 % Net sold 49.5% % Transfer 44.5% Transferred in 4Q15 443 Transferred in 2015 1,569 To be transferred after 2015 1,028 Backlog 371 Project value 2,921 Transfer begins 3Q15 % Net sold 34.7% % Transfer 18.0% Transferred in 4Q15 498 Transferred in 2015 527 To be transferred after 2015 2,394 Backlog 487

Atoll Arden

Unit: M Baht

slide-20
SLIDE 20

3.10% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 1 2 3 4 5 6 7 8 9 2.30% 0.00% 1.00% 2.00% 3.00% 4.00% 1 2 3 4 5 6 7 8 9

Cancellation Rate

Updated: Dec 31, 2015

20 20

Note: % Cancellation Rates are calculated by cancelled value divided by total presales

3Q15

3Q15 4Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

11.10% 1.00% 3.00% 5.00% 7.00% 9.00% 11.00% 13.00% 1 2 3 4 5 6 7 8 9

3Q15 4Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

slide-21
SLIDE 21

2.60% 1.00% 3.00% 5.00% 7.00% 9.00% 11.00% 13.00% 15.00% 1 2 3 4 5 6 7 8 9 0.80% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 1 2 3 4 5 6 7 8 9 14.90% 1.00% 6.00% 11.00% 16.00% 21.00% 26.00% 31.00% 36.00% 41.00% 1 2 3 4 5 6 7 8 9 Updated: Dec 31, 2015

21 21

Mortgage Rejection Rate

Note: % Mortgage Rejection Rates are shown by units

3Q15 4Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

slide-22
SLIDE 22

6.0% 5.2%

4.4%

1.9% 1.6%

1.2%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 2013 2014 2015 %Selling expenses to Presales %Admin expenses to GDV

Updated: Dec 31, 2015

22 22

Continue to control SG&A

Unit: M Baht 2013 2014

2015

Presales 21,083 20,898

26,235

Gross Development Value (GDV) 44,670 61,295

86,944

2013 2014 2015

slide-23
SLIDE 23

Summary of 2015

Construction of condos on schedule Launches successful 5 new JVs with Mitsui Perpetual security launched in August IoT Smart Home with Samsung

Ananda – Leadership with Discipline!

Record Housing and Condo Presales Record Launches %Selling expenses to presales down from 5.2% to 4.4% %Admin expenses to GDV down from 1.6% to 1.2% Record Backlog – 37.2 Bn Baht Net IBDE – below target at 1 times

23 23

  • 5,000

10,000 15,000 20,000 25,000 30,000 35,000 Unit:M Baht

  • No. 1 Combined Condo Sellers in Thailand for 2014 and 2015

Note: 2014 and 2015 Anan’s net presales with Peers’ presales from BLS Research

slide-24
SLIDE 24

24 24

Dec, 2012

Dec, 2012

IPO Raised THB5.6 bn

2013 2014 2015 2016 2017 2018

5 new condo projects to complete

and start transfer in 2016

14 existing condo projects and

housing projects continue to transfer in 2016 TRANSFER

8,808 MB

TRANSFER

9,678 MB

TRANSFER1

15,535 MB

TRANSFER1

30,215 MB

TRANSFER1

42,309 MB

2016 – Harvest year

24

Note : 1 Including Joint Venture with Mitsui Fudosan and Ananda 51% Share

TRANSFER

9,598 MB

slide-25
SLIDE 25

Note : 1 Including Joint Venture with Mitsui Fudosan and Ananda 51% Share

25

2016 TRANSFER1

15,535 MB

slide-26
SLIDE 26

26

2016 Business Plan –Transfer

26

2016 Transfer target between 15,000 and 16,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 2016 Condo 1,133 1,599 1,494 3,917 8,143 Housing

492 610 928 1,027 3,057 Ananda F/S 1,626 2,209 2,421 4,944 11,200 Ananda Share in JV

  • 2,211

2,211 Mitsui Share in JV

  • 2,124

2,124 Total (M Baht) 1,626 2,209 2,421 9,279

15,535

5 new condo

projects to complete in 2016

2016 Transfer Growth Rate 61% YoY

1Q16 (F) 2Q16 (F) 3Q16 (F) 4Q16 (F) 1,133 1,599 1,494 3,917 492 610 928 1,027 2,211 2,124 Unit : Mil Baht Condo Housing Ananda Share in JV Mitsui Share in JV

slide-27
SLIDE 27

Updated: Dec 31, 2015

27 27

Project value 2,020 Transfer begins 1Q16 % Net sold 99.0% % Transfer

  • Transfer target in 2016

1,596 To be transferred after 2016 424 Backlog 2,000 Project value 2,636 Transfer begins 3Q16 % Net sold 58.1% % Transfer

  • Transfer target in 2016

1,492 To be transferred after 2016 1,144 Backlog 1,531 Project value 1,817 Transfer begins 4Q16 % Net sold 61.7% % Transfer

  • Transfer target in 2016

1,016 To be transferred after 2016 801 Backlog 1,120

Ideo Q Ratchathewi Ideo Mobi Sukhumvit Eastgate Ideo Mobi Wongsawang Interchange

Unit: M Baht

New New New

20% transfer after 2016

99% sold

80% transfer target in 16 43% transfer after 2016

58% sold

57% transfer target in 16

62% sold

55% transfer target in 16 45% transfer after 2016

59% of Transfer Target will be derived from new projects

slide-28
SLIDE 28

Updated: Dec 31, 2015

28 28

Project value 2,030 Transfer begins 4Q16 % Net sold 46.1% % Transfer

  • Transfer target in 2016

813 To be transferred after 2016 1,217 Backlog 935 Project value 6,773 Transfer begins 4Q16 % Net sold 96.8% % Transfer

  • Transfer target in 2016

4,335 To be transferred after 2016 2,438 Backlog 6,559

UNIO Charan 3 Ideo Q Chula Samyan1

Unit: M Baht

New New

Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share

46% sold

40% transfer target in 16 60% transfer after 2016

97% sold

64% transfer target in 16 36% transfer after 2016

59% of Transfer Target will be derived from new projects (Cont.)

slide-29
SLIDE 29

Updated: Dec 31, 2015

29 29

Project value 1,888 Transfer begins 4Q13 % Net sold 99.6% % Transfer 99.6% Transfer target in 2016 8 To be transferred after 2016

  • Backlog
  • Project value

1,479 Transfer begins 2Q14 % Net sold 100% % Transfer 97.8% Transfer target in 2016 23 To be transferred after 2016 10 Backlog 33 Project value 3,330 Transfer begins 4Q14 % Net sold 89.5% % Transfer 83.5% Transfer target in 2016 418 To be transferred after 2016 133 Backlog 202

Ideo Mobi Sathorn Elio Sukhumvit 64 Elio Del Ray

Unit: M Baht

99.6% already transferred

99.6% sold

0.4% transfer target in 16 97.8% already transferred

100% sold

1.6% transfer target in 16 83.5% already transferred

89.5% sold

12.5% transfer target in 16

41% of Transfer Target will be derived from existing projects

slide-30
SLIDE 30

Updated: Dec 31, 2015

30 30

Project value 3,832 Transfer begins 4Q14 % Net sold 57.9% % Transfer 56.3% Transfer target in 2016 1,346 To be transferred after 2016 327 Backlog 62 Project value 2,222 Transfer begins 3Q15 % Net sold 68.9% % Transfer 64.3% Transfer target in 2016 632 To be transferred after 2016 161 Backlog 101 Project value 3,804 Transfer begins 4Q15 % Net sold 82.7% % Transfer 73.0% Transfer target in 2016 799 To be transferred after 2016 229 Backlog 371

Ideo Sathorn Tha Phra Ideo Wutthakat Ideo Mobi Charan Interchange

Unit: M Baht

56.3% already transferred

58% sold

35.1% transfer target in 16 64.3% already transferred

68.9% sold

28.4% transfer target in 16 73% already transferred

82.7% sold

21% transfer target in 16

41% of Transfer Target will be derived from existing projects (Cont.)

slide-31
SLIDE 31

Updated: Dec 31, 2015

31 31

Project value 7,447 Transfer begins 1Q13 % Net sold 49.5% % Transfer 44.5% Transfer target in 2016 1,364 To be transferred after 2016 2,759 Backlog 371 Project value 2,921 Transfer begins 3Q15 % Net sold 34.7% % Transfer 18.0% Transfer target in 2016 1,694 To be transferred after 2016 700 Backlog 487

Atoll (5 projects) Arden (3 projects)

Unit: M Baht

18% already transferred

34.7% sold

57% transfer target in 16 44.5% already transferred

49.5% sold

18.3% transfer target in 16

41% of Transfer Target will be derived from existing projects (Cont.)

slide-32
SLIDE 32

32

2016 Business Plan –Launches

32

2016 Launches Target between 21,500 and 22,500 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 2016 Condo 2,922 2,359 9,170 4,253 18,704 Housing

  • 3,270

3,270 Total (M Baht) 2,922 2,359 9,170 7,522

21,973

  • No. of Project

1 2 5 4

12

Launches 12 Sites JV 5 Sites accounting for 66% of launches)

1Q16 (F) 2Q16 (F) 3Q16 (F) 4Q16 (F) 2,922 2,359 9,170 4,253 3,270 Unit : Mil Baht Condo Housing

slide-33
SLIDE 33

33 33

NEW PROJECT LAUNCHES in 2016 (Q1)

slide-34
SLIDE 34

New Projects of 2016

34 34

Q1/2016 : 2 New Projects to be Launched Remark Ashton Silom 428 units with a Project Value of 6,006 Mil Baht Ideo Tha Phra Interchange 844 units with a Project Value of 2,922 Mil Baht

Ashton Silom + Ideo Thapra Interchange Total Units = 1,272 Units Values = 8,928 Mil Baht

slide-35
SLIDE 35

ASHTON SILOM

  • 350M. from BTS Chongnonsi
  • First Residential building launched on

Silom Road in more than a decade

  • Located on Silom Road
  • Best location in metropolis
  • Commercial, business, financial center
  • Leading educational center
  • Located in the best commercial and business "Feng

Shui Dragon"

slide-36
SLIDE 36

ASHTON SILOM

The Synchronisation of Past and Future

slide-37
SLIDE 37

VERTICAL INTERLOCKING

A major design breakthrough of “Vertical Interlocking” concept, showcasing floor-to-ceiling heights of 3.6 m.

ASHTON SILOM

slide-38
SLIDE 38

Quadruple Facilities “ Time Pause Concept”

Offering four floors of facilities exposed from the first step.

ASHTON SILOM

slide-39
SLIDE 39

ASHTON SILOM THE PIONEER “ CREATE YOUR OWN HISTORY”

ONLY THE BRAVE ONES DARE ENOUGH TO WRITE THEIR FUTURE. IT’S NOT BECAUSE THEY FORESEE IT. BUT THEY BELIEVE IN IT. THEY GO OUT AND DO THE THINGS THAT OTHERS DON’T DARE TO START. PASSION DRIVES THEM FURTHER. CONSTANTLY MOVING UNTIL A NEW FRONTIER IS REACHED. A PLACE WHERE THEY CAN SETTLE THEMSELVES DOWN. LAND ON THE PAGE OF HISTORY AND CREATE THEIR OWN STORIES. WHERE A LIFETIME OF MEMORIES LIVE FOREOVER, UNTOUCHED AND UNAFFECTED BY TIME. BE DESTINED TO YOUR DESTINATION. ASHTON SILOM

slide-40
SLIDE 40

ASHTON SILOM

slide-41
SLIDE 41

41 41

slide-42
SLIDE 42

IDEO THA PHRA - INTERCHANGE

  • 100 metres from MRT THA PHRA
  • 5 stations to Hua Lamphong
  • 7 stations to Silom
  • 9 stations to Siam
  • Link to Phetkasem -Bangkae and

Bangsue or CBD conveniently and quickly

42 42

slide-43
SLIDE 43

100 METERS TO EVERY WHERE

slide-44
SLIDE 44
  • WHITE EDGE POOL
  • ICONIC SCENIC BRIDGE

FUTURISTIC LUSH LOBBY

slide-45
SLIDE 45

IDEO THA PHRA - INTERCHANGE: BRANDING & KEY VISUAL

45 45

slide-46
SLIDE 46

46

2016 Business Plan –Presales

46

2016 Presales Target between 20,500 and 21,500 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 2016 Condo 4,146 2,633 5,061 5,599 17,468 Housing 622 699 533 1,470 3,324 Total (M Baht) 4,768 3,361 5,594 7,069

20,792

1Q16 (F) 2Q16 (F) 3Q16 (F) 4Q16 (F) 4,146 2,633 5,061 5,599 622 699 533 1,470 Unit : Mil Baht Condo Housing

slide-47
SLIDE 47

2016 Summary

47

Item 2013 Actual 2014 Actual 2015 Actual 2016 Guidance

Transfer (M Baht) 8,808 9,678 9.598 15,000-16,000 Presales (M Baht) 21,083 20,898 26,235 20,500-21,500 Gross Profit Margin 37% 38% 39% 34% Total Debt / Equity, Year End 1.10 1.47 1.36 1.19 Net Interest Bearing D / E, Year End 0.30 0.74 0.70 0.94 Effective Tax Rate 21% 18% 22% 20% Launches (M Baht) 34,213 14,954 34,828 21,500-22,500 Land Purchases (M Baht) 4,343 10,284 5,258 8,660

47 47

slide-48
SLIDE 48

Backlog 37.2 Bn Baht 65% of 2016

secured by Backlog

61% YoY 95% YoY 40% YoY 14% YoY 18% YoY

Transfer to be tripled in the next 3 years

Note: The 5-year plan has assumption of no new capital and keeping net IDE ratio at 1:1

48 TRANSFER

15,535

TRANSFER

30,215

TRANSFER

42,309

TRANSFER

48,441

TRANSFER

57,131

slide-49
SLIDE 49

Mitsui JVs

49 49

slide-50
SLIDE 50

IoT Smart Home

50 50 50

slide-51
SLIDE 51

BIM and TQPMS

51

BIM

51 51

slide-52
SLIDE 52

87% 46% 94% 45%

Company View

 Economic situation not strong  GDP growth projections revised down  Land price increases slowing  Construction costs constrained  Consumer confidence rebounds  BOT trying to maintain the same interest rate  Keep a close eyes on Chinese economy and international terrorist attack  Banks remain strongly supportive – Perp  Our customer group remains “cashed up” and with good credit  Mass Transit Supply/Demand varies by station  Mass Transit market more robust than general market

Source : University of Thai Chamber

52 52

59% 47% 58% 36% 0% 10% 20% 30% 40% 50% 60% 70% 0-300 m. > 1,000 m. 2013 2014

Initial Sales Rate

Sources: AREA

slide-53
SLIDE 53

Updated : 12 Feb 2016 Under Construction

  • Purple Line: Bangsue - Bangyai

(August 2016)

  • Blue Line: Bangsue – Bangkae –

Hua Lampong (2019)

  • Dark Green Line: Bearing

Samutprakarn (2018)

  • Red Line: Bangsue - Rangsit

(2020)

  • Dark Green Line: Mor Chit -

Kukod (2020)

Awarding within 2016

  • Purple South Line: Taopoon -

Ratburana (2022)

  • Orange Line: Thai Cultural

Center - Minburi (2020)

  • Pink Line: Kalai - Minburi (2020)
  • Yellow Line: Ladprao – Samrong

(2020)

Under study and consideration

  • f Office of the National

Economic and Social Development Board(NESDB)

  • Light Red Line: Bangsue –

Phayathai – Makasan – Huamark

  • Red Line: Bangsue -

Hualamphong

53

Mass Transit Network Expansion

Current Line Under Construction Awarding in 2016 and under study

slide-54
SLIDE 54

Record Dividend

The company’s intention has always been to provide investors with a good dividend as well as capital growth Our stated policy has been to pay a dividend when the Board thought it was appropriate and prudent Continues our record of increasing the dividend every year since IPO

54

The Board intends to propose to shareholders at the AGM that a dividend should be paid in the amount of 10 satang per share increasing 2% from a year earlier

54 54 54

slide-55
SLIDE 55

Thank you

Ananda Development PLC 2016

Contact:

  • Dr. John Millar

Head of Financial Strategy and Investor Relations Ananda Development Public Company Limited john@ananda.co.th +662 697 3300 Mobile: +66 877 99 1946

  • Mr. Komsan Atthaphonphithak

Investor Relations Manager Ananda Development Public Company Limited komsan@ananda.co.th +662 697 3300 Mobile: +66 819 16 3755

55 55

slide-56
SLIDE 56

Appendix

56 56 56

slide-57
SLIDE 57

Current Projects >> 2015 Sales

57

Updated: Dec 31, 2015

Project Launched Value (M Baht) %Net Sold Net Sales (M Baht) Backlog (M Baht) Unsold Inventory (M Baht) %Transfer

AD3: Ideo Mobi Phayathai Feb-12 1,466 100.0% 37

  • 100.0%

AD3: Ideo Mobi Sathorn Feb-12 1,888 99.6% 13

  • 7

99.6% AD3: Ideo Mobi Rama 9 Feb-12 2,883 100.0% 96

  • 100.0%

ADO: Atoll (Housing) Feb-13 7,447 49.5% 1,338 368 3,763 44.5% AD 14: Elio Sukhumvit 64 Mar-13 1,479 100.0% 349 34

  • 97.8%

AD14: Ideo Sathorn – Tha Phra Jul-13 3,832 57.9% 115 62 1,612 56.3% AD14: Elio Del Ray Aug-13 3,330 89.5% 856 202 349 83.5% AD 15: Ideo Wutthakat Aug-13 2,222 68.9% 503 101 692 64.3% AD15: Ideo Mobi Charan- Interchange Oct-13 3,804 82.7% 473 371 657 73.0% AD16: Ideo Q Ratchatewi Oct-13 2,020 99.0% (5) 2,000 20

  • AD16: Ideo Q Chula-Samyan1

Oct-13 6,773 96.8% 6 6,559 214

  • AD17: Ashton Asoke1

Sep-14 6,705 98.0% 35 6,572 133

  • AD17: Ideo Q Siam-

Ratchathewi1 Sep-14 3,814 78.6% (492) 2,998 817

  • AD16: Ideo Mobi

Wongsawang-Interchange Sep-14 1,817 61.7% 13 1,120 696

  • AD16: Ideo Mobi Sukhumvit

Eastgate Sep-14 2,636 58.1% 292 1,531 1,105

  • Sub total (Existing)

52,116 3,831 21,918 10,065

  • 57

Note: 1 Joint Venture with Mitsui Fudosan

slide-58
SLIDE 58

2015 New Launched Projects

Updated: Dec 31, 2015

Project Launched Value (M Baht) % Net Sold

Net Sales (M Baht) Backlog (M Baht) Unsold Inventory (M Baht) %Transfer AD18: Ashton Chula-Silom1 Mar-15 8,680 65.5% 5,685 5,685 2,995

  • AD17: Ashton Residence 41

Mar-15 1,892 57.4% 1,086 1,086 807

  • AD16: Unio Charan 3

Jun-15 2,030 46.1% 935 935 1,095

  • AD16: Arden 3 projects

Jun-15 2,921 34.7% 1,014 487 1,907 18.0% AD17: Ideo Sukhumvit 115 Aug-15 2,7342 45.9% 1,254 1,254 1,480

  • AD17: Q Chidlom1

Aug-15 2,9892 43.8% 1,310 1,310 1,679

  • AD18: Ideo O21

Aug-15 5,0563 28.2% 1,426 1,426 3,629

  • AD17: Ideo Mobi Bangsue

Grand Interchange1 Nov-15 2,5204 23.7% 596 596 1,924

  • AD18: Ashton Silom

Nov-15 6,0064 41.2% 2,473 2,473 3,533

  • Sub total

(2015 Launched) 34,828 15,780 15,253 19,048 Grand total

86,944 19,611 37,171 29,113

58 58

Note: 1 Joint Venture with Mitsui Fudosan

2 Opened 50% of total units

3 Opened a third of 3 buildings or 33% of total units, 4 Opened soft launch

slide-59
SLIDE 59

Addendum – Data Sheet

59