Analyst Meeting
2015 End of Year Results and 2016 Business Plan
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
2015 End of Year Results and 2016 Business Plan
Disclaimer
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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
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.
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2015 Financial Performance Highlights
14,954 34,828 20,898 26,235
10,000 15,000 20,000 25,000 30,000 35,000 40,000 FY2014 FY2015 Launches Presales
Total Revenue 10,580 Total Revenue 11,025
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
10,000 15,000 FY2014 FY2015 Others Rev - Housing Rev - Condo 647 161 900
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
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%)
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FY2015 Financial Statements
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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%
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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%)
Net Profit
2015 Revenue & Profit with Analyst Consensus
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Analyst Consensus Actual
Analyst Consensus Actual
Note : Analyst consensus from 12 Brokerage Firms
Total Revenue
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 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)
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Q4/2015 Presales above our latest guidance 51% 2015 Presales above our initial guidance 14%
4Q15 (F)
All Time Record
All Time Record
All Time Record
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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
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10,000 15,000 20,000 Unit:M Baht
Note: 2014 and 2015 Anan’s net presales with Peers’ presales from BLS Research
10,000 15,000 20,000 Unit:M Baht
2015 2014
10,000 15,000 20,000 25,000 30,000 35,000 ANAN LPN AP SPALI PS SIRI LH QH SC Unit:M Baht
Key Highlight ( AMC & Urban Pulse )
2015
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AMC Event
Brand Launching and RTM Campaign
2015
Ready to move Campaign
Grand Opening 3 New Projects Grand Opening 1 New Project
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
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Updated: Dec 31, 2015
10,797 9,585 16,789
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
secured by Backlog
13 13 2016 2017 2018
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 Launches 34,828 M Baht
Quarter
Condo
(M Baht)
Housing
(M Baht)
Total
(M Baht)
Quarter 1 10,573
Quarter 2 2,030 2,921 4,951 Quarter 3 10,778
Quarter 4 8,305
Quarter 4 Actual
8,526
Grand Total 31,907
2,921 34,828
1Q15 (A) 2Q15 (A) 4Q15 (A) 3Q15 (A) 4Q15 (F)
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Q4/2015 Launches above our latest guidance 3% 2015 Launches above our initial guidance 10%
All Time Record
All Time Record
15 15 15
Ashton Silom1 Project value (M Baht) 6,006
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
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
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 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)
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Q4/2015 Transferred below our latest guidance 16% 2015 Transferred below our initial guidance 9%
Updated: Dec 31, 2015
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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
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
Updated: Dec 31, 2015
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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
Updated: Dec 31, 2015
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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
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
Updated: Dec 31, 2015
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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
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
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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
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
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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
Construction of condos on schedule Launches successful 5 new JVs with Mitsui Perpetual security launched in August IoT Smart Home with Samsung
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
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10,000 15,000 20,000 25,000 30,000 35,000 Unit:M Baht
Note: 2014 and 2015 Anan’s net presales with Peers’ presales from BLS Research
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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
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Note : 1 Including Joint Venture with Mitsui Fudosan and Ananda 51% Share
TRANSFER
9,598 MB
Note : 1 Including Joint Venture with Mitsui Fudosan and Ananda 51% Share
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2016 TRANSFER1
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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 Mitsui Share in JV
2,124 Total (M Baht) 1,626 2,209 2,421 9,279
15,535
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
Updated: Dec 31, 2015
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Project value 2,020 Transfer begins 1Q16 % Net sold 99.0% % Transfer
1,596 To be transferred after 2016 424 Backlog 2,000 Project value 2,636 Transfer begins 3Q16 % Net sold 58.1% % Transfer
1,492 To be transferred after 2016 1,144 Backlog 1,531 Project value 1,817 Transfer begins 4Q16 % Net sold 61.7% % Transfer
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
Updated: Dec 31, 2015
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Project value 2,030 Transfer begins 4Q16 % Net sold 46.1% % Transfer
813 To be transferred after 2016 1,217 Backlog 935 Project value 6,773 Transfer begins 4Q16 % Net sold 96.8% % Transfer
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.)
Updated: Dec 31, 2015
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Project value 1,888 Transfer begins 4Q13 % Net sold 99.6% % Transfer 99.6% Transfer target in 2016 8 To be transferred after 2016
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
Updated: Dec 31, 2015
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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.)
Updated: Dec 31, 2015
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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.)
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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 Total (M Baht) 2,922 2,359 9,170 7,522
21,973
1 2 5 4
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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
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New Projects of 2016
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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
Silom Road in more than a decade
Shui Dragon"
ASHTON SILOM
The Synchronisation of Past and Future
VERTICAL INTERLOCKING
A major design breakthrough of “Vertical Interlocking” concept, showcasing floor-to-ceiling heights of 3.6 m.
ASHTON SILOM
Quadruple Facilities “ Time Pause Concept”
Offering four floors of facilities exposed from the first step.
ASHTON SILOM
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
ASHTON SILOM
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IDEO THA PHRA - INTERCHANGE
Bangsue or CBD conveniently and quickly
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FUTURISTIC LUSH LOBBY
IDEO THA PHRA - INTERCHANGE: BRANDING & KEY VISUAL
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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
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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
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secured by Backlog
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
49 49
50 50 50
51
51 51
87% 46% 94% 45%
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
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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
Updated : 12 Feb 2016 Under Construction
(August 2016)
Hua Lampong (2019)
Samutprakarn (2018)
(2020)
Kukod (2020)
Awarding within 2016
Ratburana (2022)
Center - Minburi (2020)
(2020)
Under study and consideration
Economic and Social Development Board(NESDB)
Phayathai – Makasan – Huamark
Hualamphong
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Mass Transit Network Expansion
Current Line Under Construction Awarding in 2016 and under study
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
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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
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Ananda Development PLC 2016
Contact:
Head of Financial Strategy and Investor Relations Ananda Development Public Company Limited john@ananda.co.th +662 697 3300 Mobile: +66 877 99 1946
Investor Relations Manager Ananda Development Public Company Limited komsan@ananda.co.th +662 697 3300 Mobile: +66 819 16 3755
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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
AD3: Ideo Mobi Sathorn Feb-12 1,888 99.6% 13
99.6% AD3: Ideo Mobi Rama 9 Feb-12 2,883 100.0% 96
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
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
Oct-13 6,773 96.8% 6 6,559 214
Sep-14 6,705 98.0% 35 6,572 133
Ratchathewi1 Sep-14 3,814 78.6% (492) 2,998 817
Wongsawang-Interchange Sep-14 1,817 61.7% 13 1,120 696
Eastgate Sep-14 2,636 58.1% 292 1,531 1,105
52,116 3,831 21,918 10,065
Note: 1 Joint Venture with Mitsui Fudosan
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
Mar-15 1,892 57.4% 1,086 1,086 807
Jun-15 2,030 46.1% 935 935 1,095
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
Aug-15 2,9892 43.8% 1,310 1,310 1,679
Aug-15 5,0563 28.2% 1,426 1,426 3,629
Grand Interchange1 Nov-15 2,5204 23.7% 596 596 1,924
Nov-15 6,0064 41.2% 2,473 2,473 3,533
(2015 Launched) 34,828 15,780 15,253 19,048 Grand total
86,944 19,611 37,171 29,113
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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
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