BTS GROUP HOLDINGS PCL INVESTOR PRE RESENTATIO ION DEC ECEMBER 20 2019
IR IR Contact ct Add ddress: BTS Group Holdings PCL IR Department 15 th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd. Chomphon, Chatuchak, Bangkok, Thailand 10900 Telephone: +66(0) 2273 8611-15 Fax: Fax +66(0) 2273 8610 Email: ir@btsgroup.co.th Website: We www.btsgroup.co.th Dis isclaimer This document has been prepared and distributed by the Investor Relations Department of BTS Group Holdings PCL (“BTSG”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in BTSG and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. BTSG does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, BTSG assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of BTSG 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 arising from any use of this document or its contents or otherwise arising in connection with this document. All information contained in this document is presented as of the date indicated within, and BTSG assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. Thus, BTSG assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. BTSG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. BTS Gro roup Investor r Pres Presentation 2 Prepared by BTS TS Group IR
Contents Sectio Se ion 1 BTS TS Gr Grou oup in in Br Brief ief & & Stra rateg egy & & Out utlook 2 Business Segment Profiles Mass Transit Business • Media Business • Property Business • Services Business • 3 Corporate Information 4 Financial Summary 5 Appendices BTS Gro roup Investor r Pres Presentation 3 Prepared by BTS TS Group IR
BTS Group Overview 4 Bu Busin iness Unit its with Mass ss Transit t as s our core BTS Gr Group Hol Holdin ings PCL (BTSG) ) A privately-owned conglomerate that engages in 4 business units; Mass Transit, Media, Property and Services. Listed on the Stock Exchange of Thailand (SET), BTSG is a constituent member of the SET50 “ Bluechip ” Index, MSCI Asia Pacific Index, FTSE4Good Emerging Markets Index and Dow Jones Sustainability Indices (DJSI). MASS TR TRANSIT MEDIA PROPE PERTY TY SERVI VICES FY 2018/19 OPE OPERATING REVE REVENUE CONTRIBUTION MEDIA 11% PROPE PERTY TY Tota tal of MASS TR TRANSIT THB 47, 47,923 mn 1% 1% 86% 86% mn SERVI VICES 2% 2% BTS Gro roup Investor r Pres Presentation 4 Prepared by BTS TS Group IR Section 1: BTS Group in Brief & Strategy & Outlook
BTS Group Overview Our path towards su sustain inabili lity BTS TS VALUE Delivering Creating Supporting Developing Customer satisfaction shareholder value sustainable gr growth communities BTS TS SD SDGs Gs FOCUS Awar wards and and Rec ecog ognitio ion S G E BTS Gro roup Investor r Pres Presentation 5 Prepared by BTS TS Group IR Section 1: BTS Group in Brief & Strategy & Outlook
Strategy an and 5-Year Growth Tar argets Mas ass tra transit led str strategy : : fu full ll growth phase STRATEGY As a mass transit led conglomerate, the company’s key focus is on securing ng ne new w ma mass tr transi nsit t line nes which are authorised or set by the government at both municipal and national levels. We captu ture re furthe ther value fro rom m opportu tuni niti ties whi which h cascade down wn to our othe ther ind ndepend ndentl ntly y operati ting ng busine ness uni nits ts in Media, Property and Services. 5-YEAR OU OUTLOOK Operatin Ope ting Revenue Ne Net Recu curring Profit t (after r MI) 5-Year Targeted CA CAPE PEX 31% 29% THB 131 bn TH bn 5Y CAGR 5Y CAGR THB 31.8bn THB 5.1bn 93% or THB 123bn THB 8.2bn THB 1.4bn spent on all existing and newly-secured FY 16/17 FY 21/22E FY 16/17 FY 21/22E mass transit lines * Operating revenue includes share of net profit (loss) from associated companies and JVs BTS Gro roup Investor r Pres Presentation 6 Prepared by BTS TS Group IR Section 1: BTS Group in Brief & Strategy & Outlook
Ban angkok Rai ail Mas ass Transit Market Overview Aggressiv ive rail rail mar arket t sha share growth in Ba Bangkok MASTER PLAN: : 515.2 .2KM IN N 2029, , 33% MARKE KET SHARE IN N 2037 RA RAIL MASS TR TRANSIT MARKE KET SHARE 1 515 15.2km in 2029 Singapore Tokyo 46 46% 48% 48 Hong Kong Bangkok 49 49% 13% BANGKOK MASS TRANSIT MARKET SHARE Rail Mass Transit Bus 13% 79% Others* 8% * Van, Ferry and Commuter train 1. Source: OTP (http://www.otp.go.th/uploads/tiny_uploads/ DataStatistics/2562/25611012-SumData01.pdf), Includes MRTA and BMA projects Singapore’s Land Transport Authority, Hong Kong’s Transport Sources: Office of Traffic Policy Department, MTR Corporation Limited, SMRT Corporation and Planning, Bangkok Metropolitan Transport and Administration Limited, Japan Statistic Bureau BTS Gro roup Investor r Pres Presentation 7 Prepared by BTS TS Group IR Section 1: BTS Group in Brief & Strategy & Outlook
Bangkok Rail il Mass Transit Network Immature network, 1 60 km under construction WEEKD KDAY RI RIDERSHIP MARKET SHARE IN N 2018 (JAN-DEC) OPE OPERATING LINES: : 1 37.4 KM KM, , 97 STATIONS BY 3 OPE OPERATORS 1 37.4 km in 2019 Purple Pur le line : 23km BEM BTS 31% 31% 1.2 mn trip 1.2 62% 62 rips 371 371,447 7 trip rips* 741, 741,056 trip rips TOTAL AVERAGE ARL WEEKDAY RIDERSHIP Blue line : 34 km km 7% 7% 80 80,000 trip rips* *BEM ridership excludes Purple line. BTS and BEM based on company’s ridership reported on website as of 2018 and ARL is based on information as of DEC 18. 50.7 .7km 58.2 km km 28.5 .5km BTS Gro roup Investor r Pres Presentation 8 Prepared by BTS TS Group IR Section 1: BTS Group in Brief & Strategy & Outlook
Contents 1 BTS Group in Brief & Strategy & Outlook Sectio Sec ion Bu Busi sines ess Se Segm gmen ent t Profi files es 2 Mass ass Tran ransit t Bu Busi siness 3 Corporate Information 4 Financial Summary 5 Appendices BTS Gro roup Investor r Pres Presentation 9 Prepared by BTS TS Group IR
BTS TS Lin ines 4 Lines - coverin ing a total l of f 13 133.4km by y 2021 1 (2 (2.7 tim times fr from 48.9 .9km in 2018 18) BTS NET NETWORK: 13 133.4KM (115 ST STATIONS) Line km km Sta tation Rou Route te Core Network 23.5 23 Mo Chit – On Nut (17.0km) EXT. XT. ZON ONE 2 National Stadium – Saphan Northern Green Line Taksin (6.5km) Mo Chit - Khu Khot 17.8km PI PINK Extension 7.5 6 Saphan Taksin – Bang Wa OPERATING Khae Rai – Min Buri KM Zone 1 34.5km .9 KM 48.9 OPE Extension 5.3 5 On Nut – Bearing COR ORE NETW TWORK Mo Chit – On Nut Zone 1 17.0km YELLOW Extension 12.6 9 Bearing – Kheha National Stadium – Lat Phrao – Sam Rong Zone 2 Saphan Taksin 30.4km 6.5km (Southern) Extension 17.8 16 Mo Chit - Khu Khot ONSTRUCTION Zone 2 (Northern) EXT. XT. ZON ONE 1 Gold 1.8 3 Krung Thonburi BTS KM .5 KM On Nut – Bearing Station – Khlong San 5.3km UNDER CON EXT. XT. ZON ONE 1 84.5 Saphan Taksin Pink 34.5 30 Khae Rai – Min Buri – Bang Wa 7.5km GOLD PH PHASE 1 Yellow 30.4 23 Lat Phrao – Sam Rong Krung Thonburi BTS Station – Khlong EXT. XT. ZON ONE 2 San 1.8km Southern Green Line Tota tal 133.4 .4 115 115 Bearing – Kheha 12.6km BTS Gro roup Investor r Pres Presentation 10 10 Prepared by BTS TS Group IR Section 2.1: Mass Transit Business
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