prepared by Investor Relations department BTS Group Holdings PCL
BTS Group Holdings PCL
SET OPPORTUNITY DAY FY 2016/17 EARNINGS PRESENTATION
7 JUNE 2017
Source: Bangkokcitismart
BTS Group Holdings PCL SET OPPORTUNITY DAY FY 2016/17 EARNINGS - - PowerPoint PPT Presentation
BTS Group Holdings PCL SET OPPORTUNITY DAY FY 2016/17 EARNINGS PRESENTATION 7 JUNE 2017 Source: Bangkokcitismart prepared by Investor Relations department BTS Group Holdings PCL Disclaimer Investment involves risk. Prospective should
prepared by Investor Relations department BTS Group Holdings PCL
SET OPPORTUNITY DAY FY 2016/17 EARNINGS PRESENTATION
7 JUNE 2017
Source: Bangkokcitismart
Investment involves risk. Prospective should understand the characteristics of Securities and study information about BTS Group Holdings Public Company Limited (the “Company”) before making a decision to invest in Securities. This presentation is for information purposes only and is intended only for the initial direct attendee of the presentation. It may not be reproduced or redistributed to any other person. It shall not and does not constitute either an offer to purchase or buy or a solicitation to purchase or buy or an offer to sell or exchange
inducement to enter into investment activity. No part of this presentation, nor the fact of its existence, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. This presentation is not to be relied upon in any manner as legal, tax or any other advice and shall not be used in substitution for the exercise of independent judgment and each person made aware of the information set-forth hereof shall be responsible for conducting its own investigation and analysis of the information contained herein. Except where otherwise indicated, the information provided in this presentation is based on matters as they exist as of the date stated or, if no date is stated, as of the date of preparation and not as of any future date, and the information and opinions contained herein are subject to change without notice. None of the Company nor any of its subsidiaries accepts any obligation to update
Company or any of its subsidiaries or any of their respective directors, officers, employees or agents shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation and any and all such liability is expressly disclaimed. The information contained herein must be kept strictly confidential and may not be reproduced or redistributed in any format without the express written approval of the Company. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. These statement can be identified by the use of forward-looking terminology such as “may”, “will”, “expect” , “intend”, “estimate”, “continue”, “plan” or other similar words. The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be relied
BTS Group Earnings Presentation 2
Section
FY 2016/17 FINANCIAL PERFORMANCE
Section
BUSINESS UPDATES
APPENDICES
BTS Group Earnings Presentation 3
prepared by Investor Relations department BTS Group Holdings PCL
4 BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
For more details, please refer to FY 2016/17 BTS MD&A: significant events
17 May 2016 “A / Stable” credit rating from FITCH and TRIS 16 Aug 2016 FY 2016/17 final div paid 10 Nov 2016 THB 22bn BTSC debentures issued 9 Jan 2017 BoD approved interim div (THB 0.165/share) 29 May 2017 BoD approved final div3 (THB 0.175/share)
MASS TRANSIT
23 May 2016 Contract signed for train procurement of Green Line extensions 28 Jun 2016 Contract signed for E&M installation of Green Line extensions 31 Mar 2017 Contract signed for O&M services of Green Line extensions
MEDIA &SERVICES
31 May 2016 VGI increased stake in MACO (33.68%) Sep 2016 VGI’s entry into Transit advertising in Malaysia (19% in TCSB1) Nov 2016 VGI acquired 40% in Demo Power 21 Mar 2017 Rabbit Group2 transaction completed (90%)
PROPERTY
9 Sep 2016 U City acquired office building at 33 Gracechurch Street, UK 23 Feb 2016 U City agreed to acquire pan-European hotel portfolio & hotel mgt co. and associated brands (closed 31 May 2017) 31 Mar 2017 5 projects of BTS-SIRI condominium launched, value of THB 19.2bn
1TCSB = Titanium Compass Sdn Bhd 2Rabbit Group = BSS and BSSH 3Subject to shareholders’ approval, the Board of Directors approved the final dividend of THB 0.175 per share or equivalent to the dividend payment in the amount of not exceeding THB 2,763.3mn
30 May 2017 The cabinet approved Pink and Yellow Lines Aug 2016 VGI increased stake in Aero Media (28%)
prepared by Investor Relations department BTS Group Holdings PCL
OPERATING REVENUE COMPARISON (YoY)
INCOME STATEMENT (THB mn) FY 2016/17 FY 2015/16 % YoY Operating Revenues1 8,606.2 6,280.3 37.0% Gross operating profits 4,464.3 3,791.8 17.7% Operating EBITDA2 2,928.3 2,692.8 8.7% Net recurring profit – before MI 1,906.9 2,282.7 (16.5)% Accounting EBITDA 4,117.3 6,254.1 (34.2)% Net income (loss)3 2,003.5 4,133.9 (51.5)% Gross operating profit margin (%) 51.9% 60.4% Accounting EBITDA margin (%) 41.2% 59.7% Recurring net profit margin (%) 20.1% 33.7% Operating EBITDA margin (%) 34.0% 42.9%
P&L SNAPSHOT
49% Mass Transit 35% Media 7% Property 9% Services
2016/17 OPERATING REVENUE BREAKDOWN
1 operating revenue of 4 BUs & share of net profit from BTSGIF 2 excluding interest income 3to equity holders of the parent
5
6,280 8,606 1,663 691 (279) 251
2015/16 Mass Transit Media Property Services 2016/17
65% 30%
(THB mn)
51%
BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
prepared by Investor Relations department BTS Group Holdings PCL
HISTORICAL OPERATING REVENUE (THB mn)
KEY FACTORS
contractually agreed increase in operating fee of the extension lines
2.4% YoY and average fare growth of 1.3% YoY
procurement service for the Southern and Northern Green Line extensions of THB 1.4bn was recorded
related to the provision of E&M works and the train procurement service for Green Line extensions
OPERATING PERFORMANCE
MASS TRANSIT (THB mn) FY 16/17 FY 15/16 %YoY Revenue 4,236.6 2,573.5 64.6% Costs of revenue 2,131.4 865.4 146.3% Gross profit 2,105.2 1,708.1 23.2% Operating EBITDA 2,135.9 1,728.9 23.5% Gross margin (%) 49.7% 66.4% Operating EBITDA margin (%) 50.4% 67.2%
OPERATING REVENUE BREAKDOWN
39% O&M Services revenue from provision
34%
FY 2016/17
Int income from train procurement & E&M 5% 6
Share in BTSGIF 22%
392 394 395 395 409 417 411 411 422 34 34 33 33 33 33 32 32 90 147 208 223 219 197 221 199 284 241 1,444
4Q 14/15 1Q 15/16 2Q 15/16 3Q 15/16 4Q 15/16 1Q 16/17 2Q 16/17 3Q 16/17 4Q 16/17
Services revenue from provision of E&M works & train procurement Share of NP in BTSGIF (THB mn) Int income from train procurement and E&M works (THB mn) O&M (THB mn)
BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
prepared by Investor Relations department BTS Group Holdings PCL
HISTORICAL OPERATING REVENUE (THB mn)
KEY FACTORS
higher revenue in both Out of Home (OOH) and Digital Services
attributable to the recognition of the consolidated revenue from MACO (Outdoor segment)
370mn from revenue of Rabbit and Rabbit Internet Group
2015/16) as higher costs and SG&As coupled with lower-than- expected revenue growth as a result of mourning period 61% BTS – Related Media 18% Outdoor Media
MEDIA (THB mn) FY 16/17 FY 15/16 %YoY Operating revenue 3,009.6 2,318.4 29.8% Costs of revenue 1,042.8 710.9 46.7% Gross profit 1,966.8 1,607.5 22.4% Operating EBITDA 1,406.6 1,395.8 0.8% Gross margin (%) 65.3% 69.3% Operating EBITDA margin (%) 46.7% 60.2%
FY 2016/17
OPERATING PERFORMANCE OPERATING REVENUE BREAKDOWN
7
9% Office Buildings and Others 12% Digital
*Restated figures as if revenues generated from Rabbit Group (subsidiaries of BSS and BSSH except BPS and RR) were recorded under VGI’s financial statements and grouped as Media Business
605 539 527 512 570 542 703 755 741 104 4Q 14/15 1Q 15/16 2Q 15/16 3Q 15/16 4Q 15/16* 1Q 16/17 2Q 16/17 3Q 16/17* 4Q 16/17*
Digital Services Business Out of Home Media NOTE: Out of Home Media includes Transit, Outdoor and Office Building and Other Media Digital Services Business includes BSS and BSSH (Rabbit Group)
BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
prepared by Investor Relations department BTS Group Holdings PCL
Sale of assets to U City 364 233 331 161 171 142 142 147 186 9,469 4Q 14/15 1Q 15/16 2Q 15/16 3Q 15/16 4Q 15/16 1Q 16/17 2Q 16/17 3Q 16/17 4Q 16/17
Operating revenue Proceeds from land sale
HISTORICAL OPERATING REVENUE (THB mn)
KEY FACTORS
from the reduction in sales in residential property segment
mainly from no revenue recognition from Abstracts Phahonyothin Park Condominium (Tower A)
mainly from no revenue of Eastin Grand Hotel Sathorn (EGS) this year since its disposal to U City
the reduction in revenue
Bayswater (THB 118mn) 94% Commercial & Others Residential 6%
OPERATING PERFORMANCE
PROPERTY (THB mn) FY 16/17 FY 15/16 %YoY Operating Revenue 617.1 896.5 (31.2)% Costs of revenue 384.6 541.5 (29.0)% Gross profit 232.5 354.9 (34.5)% Operating EBITDA 3.2 86.3 (96.3)% Gross margin (%) 37.7% 39.6% Operating EBITDA margin (%) 0.5% 9.6%
OPERATING REVENUE BREAKDOWN
FY 2016/17
NOTE: Property revenue excludes share of profit/(loss) from investment in BTS-SIRI JVs, U City and Bayswater.
8
BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
prepared by Investor Relations department BTS Group Holdings PCL
HISTORICAL OPERATING REVENUE (THB mn)
KEY FACTORS
increase in revenues from HHT construction and ChefMan restaurant
higher costs of construction under HHT
were mainly from higher staff cost and expenses related to ChefMan Restaurants. 55% ChefMan BPS & Rabbit rewards 17%
OPERATING REVENUE BREAKDOWN OPERATING PERFORMANCE
SERVICES (THB MN) FY 16/17 FY 15/16 %YoY Revenue 742.9 492.0 51.0% Costs of revenue 583.0 370.6 57.3% Gross profit 159.9 121.4 31.7% Operating EBITDA (97.0) (95.5) (1.5)% Gross margin (%) 21.5% 24.7% Operating EBITDA margin (%) (13.1)% (19.4)%
FY 2016/17
HHT 29% 9
138 139 164 195 190 114 199 235 307 167 3Q 14/15 4Q 14/15 1Q 15/16 2Q 15/16 3Q 15/16 4Q 15/16* 1Q 16/17 2Q 16/17 3Q 16/17* 4Q 16/17*
*Restated figures as if revenues generated from Rabbit Group (subsidiaries of BSS and BSSH except BPS and RR) were recorded under VGI’s financial statements and grouped as Media Business
BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
prepared by Investor Relations department BTS Group Holdings PCL
46,901 45,182 5,799 29,833 12,560 18,636
31-Mar-16 31-Mar-17 Total current liabilities Total non-current liabilities Total shareholders' equity
65,259 93,651
55,069 66,947 10,191 26,705
31-Mar-16 31-Mar-17 Total current assets Total non-current assets
65,259 93,651
Cash 31 Mar 16: THB 2.36bn 31 Mar 17: THB 15.09bn Current Investments 31 Mar 16: THB 4.67bn 31 Mar 17: THB 6.38bn Long-Term Investments 31 Mar 16: THB 9.75bn 31 Mar 17: THB 13.52bn Restricted Deposits 31 Mar 16: THB 1.27bn 31 Mar 17: THB 0.12bn Gross Debt 31 Mar 16: THB 9.28bn 31 Mar 17: THB 38.31bn Adjusted Net Debt 31 Mar 16: THB (6.0)bn 31 Mar 17: THB 6.05bn ***** Issued Ordinary Shares 31 Mar 16: 11,929.3mn 31 Mar 17: 11,935.0mn
84% 16% 29% 71% 20% 48% 32% 72% 19% 9% FY 2016/17:
0.85x
FY 2015/16: 0.20x
Gross Debt to Equity
FY 2016/17:
0.13x
FY 2015/16: (0.13)x
Adjusted Net Debt to Equity
FY 2016/17:
2.07x
FY 2015/16: (2.23)x
Adjusted Net Debt to Operating EBITDA
FY 2016/17: 4.53x FY 2015/16: 9.30x
Interest Coverage
FY 2016/17:
1.43x
FY 2015/16: 0.81x
Current Ratio
ASSET BREAKDOWN (THB MN) LIABILITIES AND EQUITY BREAKDOWN (THB MN) KEY RATIOS
10
Remarks: Net debt to Equity = 0.51x (FY 15/16 = 0.15x) and Net debt to Operating EBITDA = 7.93x (FY 15/16 = 2.57x)
BTS Group Earnings Presentation Section 1: FY 2016/17 Financial Performance
Section
FY 2016/17 FINANCIAL PERFORMANCE
Section
BUSINESS UPDATES
APPENDICES
11
BTS Group Earnings Presentation
prepared by Investor Relations department BTS Group Holdings PCL
12
BTS NETWORK LINES – EXPANDING FROM 36.3KM (34 STATIONS) TO 132KM (112 STATIONS) – SECURED IN 2017
*The first station (E15, Samrong) of the Southern Green Line Extension from Bearing to Samut Prakan began operation on 3 Apr 17. Full operation of the Southern part is targeted in 2018.
LIGHT GREEN SAPHAN TAKSIN – BANG WA 7.5km DARK GREEN BEARING – SAMUT PRAKARN* 12.6km
1 2 2 3 3
DARK GREEN MO CHIT - KHU KHOT 18.2km DARK GREEN MO CHIT – ON NUT 17.0km LIGHT GREEN NATIONAL STADIUM – SAPHAN TAKSIN 6.3km DARK GREEN ONNUT – BEARING 5.3km YELLOW LAD PRAO – SAM RONG 34.5KM
4 4
PINK KHAE RAI – MIN BURI 30.4KM
MOCHIT TO ONNUT AND NATIONAL STADIUM TO SAPHAN TAKSIN
ONNUT TO BEARING AND SAPHAN TAKSIN TO BANG WA AND CORE NETWORK (POST 2029)
BEARING TO SAMUTPRAKARN AND MOCHIT TO KHU KHOT
KHAE RAI TO MIN BURI AND LAD PRAO TO SAM RONG
BTS Group Earnings Presentation Section 2: Business Update
prepared by Investor Relations department BTS Group Holdings PCL
HISTORICAL AVERAGE FARE & % GROWTH (YOY) HISTORICAL RIDERSHIP & % GROWTH (YOY)
13
BTS Group Earnings Presentation Section 2: Business Update
historical record
adjustment of both monthly-pass card since July 2015 and stored-value card since January 2016 197.2 214.7 218.7 232.5 238.0 12.0% 8.9% 1.9% 6.3% 2.4%
2012/13 2013/14 2014/15 2015/16 2016/17 Total Ridership (mn trips) Ridership Growth (% YoY) 24.8 26.4 26.9 27.5 27.9 1.7% 6.5% 1.6% 2.4% 1.3%
2012/13 2013/14 2014/15 2015/16 2016/17 Average Fare (THB per trip) Average Fare Growth (% YoY)
prepared by Investor Relations department BTS Group Holdings PCL
NEW GREEN LINE EXTENSIONS BEARING TO SAMUTPRAKARN AND MOCHIT TO KHU KHOT
2017 TO 2 MAY 2042 SOUTHERN GREEN LINE EXT. (BEARING – SAMUTPRAKARN) 12.6KM, 9 STATIONS MAR 12 Civil works start MAR 16 MOU between MRTA & BMA signed APR 17 1st station Operates (Samrong Station) WITHIN 18 Targeted full operation
2012 2016 2017 2018
14 BTS Group Earnings Presentation Section 2: Business Update
MAR 17 Finalised O&M contract NORTHERN GREEN LINE EXT. (MO CHIT – KHU KHOT) 18.2KM, 16 STATIONS MID-15 Civil works start MAR 16 MOU between MRTA & BMA signed MID 19 Targeted 1st station
WITHIN 20 Targeted full operation
2015 2016 2017 2020
MAR 17 Finalised O&M contract
2019
Source: MRTA, the Company
TRAIN PROCUREMENT OF 172 CARRIAGES (APPROXIMATELY THB 10BN)
MAY 16
E&M SALES & INSTALLATION (APPROXIMATELY THB 19BN)
JUN 16
CONTRACT DETAILS FUNDING REQUIREMENTS
2017
prepared by Investor Relations department BTS Group Holdings PCL
7 NOV 2016 BSR Joint Venture, a Joint Venture between BTS Group, Sino-Thai Engineering & Construction PCL (STEC) and Ratchaburi Electricity Generating Holding PCL (RATCH), submitted a tender offer of the Pink and the Yellow lines 14 DEC 2016 MRTA officially notified that BSR JV proposed the best offer for both lines 10 FEB 2017 The establishment of the 2 joint venture companies under the BSR Joint Venture for both lines 30 MAY 2017 The Cabinet approved the Pink and the Yellow Line 16 JUN 2017 Expected contracts signed for both lines 2020 Expected operation for both lines begin
Source: MRTA, the Company
15 BTS Group Earnings Presentation Section 2: Business Update
prepared by Investor Relations department BTS Group Holdings PCL
16 BTS Group Earnings Presentation Section 2: Business Update
BANGKOK CBD NATIONWIDE INTEGRATED MEDIA PLATFORM DATA CENTRIC MEDIA HYPERMARKET
OFFICE TRANSIT OUTDOOR AVIATION DIGITAL SERVICES ACTIVATION OFFICE TRANSIT
TRANSIT 60% market share Invested 19% in Titanium Compass OFFICE 70% market share Secured 27 additional contracts OUTDOOR 30% market share Acquired additional 12.5% in MACO AVIATION 20% market share Acquired additional 10.0% in Aero Media ACTIVATION 70% market share Invested 40.0% in Demo Power
OUTDOOR AVIATION OFFICE TRANSIT
Completed an acquisition of 90.0% of Bangkok Smartcard Systems and BSS Holdings Successfully launched first cross media campaign – The “Station Sponsorship”
Targeted Media Solution
ACTIVATION
OOH media leader in Bangkok CBD
ACHIEVED
ACHIEVED
prepared by Investor Relations department BTS Group Holdings PCL
U City THB 7.1bn Bayswater JV THB 3.9bn Residential THB 0.5bn Commercial THB 3.8bn Land Bank THB 1.8bn
Others 25% U-Hotels 41% Thana City Golf 33% Total Book Value as of 31 Mar 17:
THB 18.9bn
17 BTS Group Earnings Presentation Section 2: Business Update
PROPERTY BOOK VALUE BREAKDOWN COMMERCIAL PROPERTY REVENUE BREAKDOWN COMMERCIAL PROPERTY
78.3% 74.4% 80.5% 81.8% 82.9% 76.3% 83.4% 76.6% 79.3%
4Q 14/15 1Q 15/16 2Q 15/16 3Q 15/16 4Q 15/16 1Q 16/17 2Q 16/17 3Q 16/17 4Q 16/17
3,860 1,347 2,492 2,486 91.7% 64.2% 82.2% 79.3% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0%
2,000 3,000 4,000 5,000 U Chiang Mai U Inchantree U Sathorn Blended
RevPar (THB per night) Occupancy Rate
FY 16/17 Commercial Property Revenue:
THB 578mn
BTS-Sansiri JV THB 0.7bn Keystone JV THB 1.0bn
3% 20% 10% 4% 38% 21% 5%
prepared by Investor Relations department BTS Group Holdings PCL
18 BTS Group Earnings Presentation Section 2: Business Update
THE LINE SUKHUMVIT 71
100% Sold Project value of THB 2.0bn Transfer start in Sep 2016
THE LINE JATUJAK-MO CHIT
100% Sold Project value of THB 5.7bn
THE LINE RATCHATHEWI
100% Sold Project value of THB 2.9bn
60% Sold Project value of THB 4.0bn
KHUN BY YOO
57% Sold Project value of THB 5.7bn
THE LINE PRADIPAT
42% Sold Project value of THB 4.2bn
THE LINE SUKHUMVIT 101
THB 10.6BN VALUE OF PROJ. LAUNCHED IN 2015/16 THB 19.2BN VALUE OF YTD PROJ. LAUNCHED IN 2016/17
THE BASE GARDEN RAMA 9
83% Sold Project value of THB 2.2bn
THE LINE ASOKE - RATCHADA
100% Sold Project value of THB 3.0bn
TARGET TO LAUNCH THB 100BN IN PROJECT VALUE OF JV PROJECTS OVER 5 YEARS
prepared by Investor Relations department BTS Group Holdings PCL
5,460
1,450 700 25
19 BTS Group Earnings Presentation Section 2: Business Update
FY 2017/18 BTS GROUP TARGETS
Works & Rolling Stocks Procurement for Green Line South and North extensions
Revenue (see details in next slide)
MEDIA
Revenue
BTS-SIRI JVs
PROPERTY
*Train O&M revenue includes 1st station of Green Line South: E15 which was opened on 3 April 2017 **Based on VGI financial statements that included Rabbit Group performance (3-year restatement under common control basis)
MASS TRANSIT
SERVICES
FY 2017/18 CAPEX of THB 7.6 - 10.3BN
BTSG CAPEX excludes:
upgrade of THB 156mn) – excludes construction of station S4
(which is recorded as investment in NRTA)
Line South and North extensions
stocks
improvements
in Thana City
Mass Transit Media Property Services
79% 14% 7%
THB
7.6-10.3BN
BTS Group Earnings Presentation
20
prepared by Investor Relations department BTS Group Holdings PCL
21
The slower-than-expected Media revenue growth was mainly from suspending all digital media and advertisements during the 30-day mourning period Media Revenue +29.8% YoY (Revised Target 30%)
MASS TRANSIT MEDIA PROPERTY SERVICES
Continuous growth in net farebox revenue +3.7% YoY from an increase in ridership and fare Ridership Growth +2.4% YoY (Target 5-6%) Average Fare Increase +1.2% YoY (Target 1%) TARGET ACHIEVED O&M Revenue up +4.2% YoY (Target 3-4%) TARGET ACHIEVED Our Property revenue was largely affected by modest GDP growth and prolonged renovation period at Thana City THB 579mn Commercial Property Revenue (Target THB 620mn) THB 39mn Residential Property Revenue (Target THB 60mn) Over 7.3mn Rabbit cards were issued with more than 110 brand partners over 2,000 retail shop acceptance with 4,000 readers in the circulation 7.3mn Rabbit Cards (Target 6.5mn cards) TARGET ACHIEVED 2,000 retail shops (Target 2,000 shops) TARGET ACHIEVED 2.7mn Rabbit Rewards member (Target 3mn members)
BTS Group Earnings Presentation Appendix
prepared by Investor Relations department BTS Group Holdings PCL
22 BTS Group Earnings Presentation Appendix
23.5KM CORE NETWORK MOCHIT TO ONNUT AND NATIONAL STADIUM TO SAPHAN TAKSIN 12.8KM GREEN LINE EXTENSIONS ONNUT TO BEARING AND SAPHAN TAKSIN TO BANG WA 30.8KM NEW GREEN LINE EXTENSIONS BEARING TO SAMUTPRAKARN AND MOCHIT TO KHU KHOT 64.9KM PINK AND YELLOW KHAE RAI TO MIN BURI AND LAD PRAO TO SAM RONG
PURPLE BANG YAI – BANG SUE 23.0km GREEN NATIONAL STADIUM – BANG WA 14.0km GREEN MO CHIT – SAM RONG 24.1km ARL PHAYATHAI – SUVARNABHUMI 28.5km PINK KHAE RAI - MIN BURI 34.5km YELLOW LAD PRAO - SAM RONG 30.4km
20KM OF INITIAL BLUE LINE BANG SUE – HUA LAMPHONG 23.0KM PURPLE LINE BANG SUE – HUA LAMPHONG 27.0KM OF BLUE LINE EXTENSION BANG SUE – THA PRA AND BANG KHAE 28.5KM AIRPORT RAIL LINK PHAYATHAI – SUVARNABHUMI 26.3KM RED LINE BANG SUE – RANG SIT
OPERATING LINE 109.6KM UNDER CONSTRUCTION 82.3KM
prepared by Investor Relations department BTS Group Holdings PCL LINE ROUTE AUTHORISING BODY TARGETED OPERATE YEAR CONSTRUCTION PROGRESS
DISTANCE (KM)
BLUE HUA LAMPHONG - BANG KHAE MRTA 2020 UNDER CONSTRUCTION 11 14.0 BLUE BANG SUE - THA PRA MRTA 2020 UNDER CONSTRUCTION 9 13.0 BLUE BANG KHAE - BHUDHAMONTHON 4 MRTA 2021 4 8.0 PURPLE (SOUTHERN) TAO POON - RAT BURANA MRTA 2022 17 23.6 GREEN (SOUTHERN) BEARING - SAMUT PRAKARN BMA 2018 UNDER CONSTRUCTION 9 12.6 GREEN (NORTHERN) MO CHIT - KHU KHOT BMA 2020 UNDER CONSTRUCTION 16 18.2 GOLD (PHASE I) KRUNG THON BURI - PRACHA THIPOK BMA 2018 3 1.7 PINK KHAE RAI - MIN BURI MRTA 2020 30 34.5 YELLOW LAD PRAO - SAM RONG MRTA 2020 23 30.4 GREEN EXT. (WESTERN) BANG WA - TALING CHAN BMA 2020 6 7.0 GREEN EXT. (NORTHERN) KHU KHOT - LUMLUKKA MRTA 2021 4 7.0 GREEN EXT. (SOUTHERN) SAMUT PRAKARN - BANGPU MRTA 2021 4 7.0 LRT BANG NA - SUVARNABHUMI BMA 2022 14 18.3 GREY (PHASE I) WATCHARAPHON - THONG LO BMA 2022 15 16.3 ORANGE (EASTERN) THAILAND CULTURAL CENTER - MIN BURI MRTA 2023 17 22.6 ORANGE (WESTERN) TALING CHAN - THAILAND CULTURAL CENTER MRTA 2023 12 17.0 DARK RED BANG SUE - RANGSIT SRT 2021 UNDER CONSTRUCTION 8 26.3 DARK RED BANG SUE – HUA LUM PHONG SRT 2020 5 6.5 LIGHT RED BANG SUE – PHAYATHAI – MAKKASAN – HUAMAK SRT 2020 9 19.0
TOTAL (KM) 303.0
303.0KM ONGOING PROJECTS PRIORITISED BY THE GOVERNMENT IN 6 YRS, 82.3KM UNDER CONSTRUCTION
CORE AND EXTENSIONS TO OUR CURRENT LINES LINES CONNECTING TO OUR LINES
161.8km
23
Sources: Office of Transport and Traffic Policy and Planning, Mass Rapid Transit Authority of Thailand, Bangkok Metropolitan Administration, State Railway of Thailand, Ministry of Transport, Bangkok Expressway and Metro Public Company Limited (BEM), BTS Group Holdings Public Company Limited (BTS)
BTS Group Earnings Presentation Appendix
prepared by Investor Relations department BTS Group Holdings PCL
24
PINK LINE
GREY LINE
Phase I: Watcharaphol – Thong Lo (16.3km)
LIGHT RAIL TRANSIT (LRT)
GREEN LINE EXT. (WESTERN)
YELLOW LINE
ORANGE LINE (WESTERN & EASTERN)
GREEN EXT. (SOUTHERN)
GREEN EXT. (NORTHERN)
BTS Group Earnings Presentation Appendix
GOLD LINE
Phase I: Krung Thon Buri – Khlong San (1.7km)
prepared by Investor Relations department BTS Group Holdings PCL
REMARKS: These additional proposal of the Pink and Yellow line is subject to negotiation with MRTA 25
Thong Thani’s lake in order to provide a direct connection to Muang Thong Thani
STATION 01 STATION 02
Number of Visitors >10mn people
KEY DESTINATIONS
Center
University
Number of Residents 150,000 people
BTS Group Earnings Presentation Appendix
prepared by Investor Relations department BTS Group Holdings PCL
REMARKS: These additional proposal of the Pink and Yellow line is subject to negotiation with MRTA 26
STATION 01 STATION 02
KEY DESTINATIONS
Ratchayothin intersection.
24 of the Green North extension) which is now under construction
BTS Group Earnings Presentation Appendix
WALKWAY CONNECTION
prepared by Investor Relations department BTS Group Holdings PCL
3 November 2016: BTSC was approved by the Securities and Exchange Commission, Thailand (SEC) to issue up to THB 22,000mn senior unsecured debentures. The bonds will be issued in four tranches due in 2019, 2021, 2023, and 2026. Amount up to THB 22bn Tenor 3, 5, 7, 10 years (NC5) Rating A / Stable by Fitch and TRIS Rationale Purchase new rolling stocks and electrical and mechanical system (E&M) for the Northern and Southern Green Line extensions Issuance Date 10 November 2016 Tenor Amount up to Coupon Rate 3-year THB 5.5bn 2.46% 5-year THB 2.2bn 2.85% 7-year THB 4.1bn 3.30% 10-year (NC5) THB 10.2bn 3.87% Total THB 22bn 3.31% (average)
27
BTS Group Earnings Presentation Appendix
BTS Group Earnings Presentation
28