by by Ch Chief Financial al Offi ficer cer 1 Management - - PowerPoint PPT Presentation

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by by

Ch Chief Financial al Offi ficer cer

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Management Highlights:

Year 2009

2009’s highest revenue among residential developers of Baht 19,033 million Pruksa’s asset turnover exceed 108% in history Highest Booking (Presale) in Pruksa’s history of Baht 22,775 million

Year 2010

2010 Presale Target is Baht 29,000 million . 2010 Revenue Target is Baht 24,000 million . Plan for ~ 48 new projects in 2010 (16 TH, 14 SDH, 16 CD, 2 International business). Total ~ Baht 33.6 billion value. Presale First 2 months is Bt. 5,375 million

Jan- Baht 2,223 million (CD 4%), Feb -Baht 3,153 million (CD 25%)

As at 15/2/10 - Approved by BOI : 25 Projects (7,638 units, Baht 7,438 million)

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Million Bt.

4,439 4,268 6,064 2,200 1,919 1,946 1,349 7,414 2,364 2,668 2,733 2,989 10,754

3,076 2,810 3,596 1,644 1,404 1,391 656 656 5,096 1,260 1,471 1,976 2,593 7,300

70 70 3,986 1,040 480 480 1,277 881 881 3,677 865 865 1,289 2,147 4,721 421 421 22,775 7,729 4,615 2,886 16,188 5,998 5,004 4,045 3,803 7,516 7,149 13,646 4,884

5,000 10,000 15,000 20,000 25,000

'05 05 '06 06 '07 07 Q Q1 1 '08 08 Q Q2 2 '08 08 Q Q3' ' 08 08 Q Q4' ' 08 08 Tot.'08 08 Q Q1' ' 09 09 Q Q2 2 '09 09 Q3' ' 09 09 Q4'09 09 '09 09

Townhouse Single detached house Condominium

Presale : Beat all-time high

#1

% Cancellation = (booking & transfer) 2008 & Q1‟09 28% (9% & 19%) Q2‟ 09 26% (7% & 19%) Q3‟ 09 26% (9% & 17%) Q4 ‟09 24% (8% & 16%) 2009 25% (8% & 17%)

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5,150 7,536 2,212 2,255 2,350 2,912 9,729 6,963 3,863 4,869 1,151 1,176 1,403 5,619 5,348 43 43 403 403 202 202 57 57 3,595 595 1,889 3,653 653 564 564 2,932 932 65 65 91 91 15 15 29 29 34 34 13 13 38 38

9,093 13,034 3,781 3,844 7,747 19,034

17,000

3,662

2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Y'07 Y'08 Q1' 09 Q2 '09 Q3 '09 Q4' 09 Y'09 Y'09 Target

Interbiz. Other rev, land Condominium Single detached house Townhouse

Million Baht

Total Revenue : grows 109% in 2 years

102% QoQ 46% YOY 12% from target

5 1,302 308 624 687 2,373 565 876 3,622 1,645 651 639

500 1,000 1,500 2,000 2,500 3,000 3,500

Y '07 Q1 '08 Q2 '08 Q3' 08 Q4' 08 Y'08 Q1 '09 Q2' 09 Q3'09 Q4'09 Y'09

Million Baht

Net Profit: speed up aggressively

53% YOY 88% YOY 153% QoQ

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Per Unit Price (M฿)

Zone Sub Urban Connecting In-Town CBD (Near MRT/BTS/Density Area) 2-Storey SDH : 3 -5.0 M฿ 0.5 - 0.7 0.7 - 0.9 0.9 – 1.0 1.0 – 1.4 1.4 – 1.8 2.0 - 2.5 2.5 – 3.0 3.0 – 5.0 5.0 – 10.0

2-Storey SDH

Condo : 1.5 - 3M฿ 5-Storey Condo

2-Storey TH 1.2 – 2.0 MB

2-Storey TH 2.0-3.0 M฿

Niche market

theme

2-Storey TH 2-Storey Semi-DH

Condo 3.0-5.0 M฿

2-3 Storey TH 2.0-4.0 M฿

Preuksa Town Mixed Used TH+Semi-DH +SDH

Upcountry

Developer

2-Storey SDH

Modified & Additional Revenue Platform in 2009

International

India: Bangalore

Re-Design & Re-Location

New Business

BOI - Condo

Condo: 0.7-1.0 M฿

• Nakornphatom

Vietnam: Haifong

/New Brand New Business/

SDH 5-10 MB 1.8 – 2.0 M- , M , M+ L- , L , L+ H- ,H ,H+

2-Storey SDH

3 Storey TH : 3-5 M฿

• Samutsakorn

Chapter 1

0.7-1.4 MB

Modified & Additional Revenue Platform in 2010

Business Platform 2009 - 2010

0.8–1.5 MB Condo : 3-10.0 M฿

FUSE Condo

2.0-6.0 MB

Maldives

Condo Condo Lette

0.8–1.5 MB

Condo

Condo 1.8-3.0 MB. 2-Storey TH 1.8-3.0 M฿

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TH: 18 Projects SDH: 6 Projects CD: 4 Projects Total 28 Projects CD: 6 Projects Total 38 Projects TH: 21 Projects SDH: 11 Projects TH: 17 Projects CD: 5 Projects SDH: 12 Projects 2007 2008 2009 2010 Total 34 Projects TH: 16 Projects CD: 16 Projects SDH: 14 Projects Inter 2 Projects

48 Projects in 2010.

Total 48 Projects

To launch (land Acquired) TH : 9 Projects SDH : 9 Projects CD : 5 Projects Total : 23 Projects

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8 New Projects Launched in 17 February 2010.

(MBt)

• 1. Bann Pruksa 49
• 2. Bann Pruksa 50
• 3. Pruksa Ville 30
• 4. Pruksa Ville 28
• 5. Pruksa Town

6 . Pruksa Town

• 7. Chapter One
• 8. Condolette

TH TH TH TH TH SDH CD CD 453 339 443 439 138 191 2,677 471 442 390 468 491 248 573 4,182 445 Bangyai - Nontaburi Bangkok - Pathumburi Bangplee Bangyai Nontaburi Petkasem 81 Petkasem 81 Rajburana Bangkapi

Value (MB). Unit Type Projects Location

Total SDH 1 Projects 344 843 182-0-2

• 15-0-83

182-0-2 11-3-65 19-2-10 4-0-19 Jan 10 Jan 10 Jan 10 Jan 10 Jan 10 Feb 10 Feb 10 Feb 10 Total TH 5 Projects 1,383 2,039 Total 8 Projects 4,875 7,509

Open (Month)

Rai-ngan-sq.wah

Size

Total Condo 2 Projects 3,148 4,627

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Middle-low

• w income

me Low income me 1.6 6 – 2.0 0 MBt / u unit 0.6 6 - 1.2 2 MBt / u unit Low income me 1.0 0 - 1.5 5 MBt / u unit The Connec ect Preuks uksa Preuk uksa a Ville The Plant nt Citi

Styli lish Middle le income me 2-3 3 Store rey

2.0 0 – 4.0 0 MBt / u unit

Brand & Segmentation of Pruksa: Townhouses

Urbano no

Styli lish Middle le income me 2 2 Store rey

1.8 8 – 2.7 7 MBt / u unit Pruksa a Town

Styli lish Middle le income me 2 2 Store rey

1.5 5 – 2.5 5 MBt / u unit

Brand Segment Price per Unit Logo 2010 2010

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Middle-Hi High gh income me Middle-low

• w income

me 2.5 5 - 10 10.0 0 MBt / u unit 2.0 0 – 3.0 0 MBt / u unit Passor

• rn

Preuk uksa a Village age The Plant nt Middle e income me (Stylish h SDH) 3.0 0 – 6.0 0 MBt / u unit

Brand & Segmentation of Pruksa: Single Detached Houses

Brand Segmen ent Price ce per Unit Logo Logo

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Brand Segmen ent Price ce per Unit Logo Logo

Middle-Hi High gh income me 1.5 5 - 10 10.0 0 MBt / u unit IVY Low income 0.5 5 - 0.8 8 MBt / u unit City Ville e Condo The Seed

Midd Middle le i income me (Sty tyli lish Con Condo)

1.4 4 – 7.0 0 MBt / u unit

Brand & Segmentation of Pruksa: Condominiums

Be you

Middle le-Low income me

0.8 8 – 1.5 5 MBt / u unit Condol

• lett

ette

Middle le-Low income me

0.8 8 – 1.0 0 MBt / u unit Low income 0.8 8 – 0.9 9 MBt / u unit The Tree

2010 2010 Chap Chapter ter One One Urbano

• Condo

0.9 9 – 2.0 MBt / u unit

Middle le-Low income me

Middle-Hi High gh income me FUSE Middle-Hi High gh income me

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Activ ive e Projec ject No.of

• f

Projec

• jects

Total l Proje ject Value ue Sold ld Unsold

• ld

Unit its MBt Unit its MBt Unit its MBt Total al 95 95 36 36,382 382 66 66,956 956 24 24,280 280 45 45,091 091 12 12,102 102 21 21,865 865 Passor

• rn

7 2,801 801 9,859 859 2,191 191 7,905 905 610 610 1,955 955 The e Plant nt 5 916 916 3,633 633 374 374 1,512 512 542 542 2,122 122 Pruk uksa Villag age 16 16 4,479 479 10 10,892 892 2,672 672 6,364 364 1,807 807 4,528 528 The e Plant nt Citi 1 199 199 439 439 198 198 436 436 1 4 Pruk uksa Town 2 820 820 1,723 723 457 457 996 996 363 363 727 727 The e Connec nect 6 1,892 892 3,280 280 1,023 023 1,824 824 869 869 1,456 456 Pruk uksa Ville 22 22 6,777 777 10 10,078 078 4,053 053 5,934 934 2,724 724 4,144 144 Bann nn Pruksa 23 23 14 14,111 111 13 13,660 660 9,540 540 8,955 955 4,571 571 4,705 705 IVY 5 2,259 259 8,736 736 2,010 010 6,918 918 249 249 1,818 818 The e Seed 6 1,414 414 3,995 995 1,350 350 3,882 882 64 64 113 113 The e Tree 1 340 340 295 295 340 340 295 295

• Be you

1 374 374 365 365 72 72 71 71 302 302 294 294

As of 31 December 2009

Active Projects as of 31 Dec, 2009

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Market Share : Pruksa Real Estate Co.,Ltd : January – November 2009

15% 15% 15% 15% 12% 12% 14% 14% 14% 14% 13% 13%

0% 0% 10% 10% 20% 20% 30% 30% 40% 40% 50% 50% '04 '05 '06 ' 07 ' 08 '09 (11M)

55% 55% 50% 50% 33% 33% 35% 35% 35% 35% 35% 35%

0% 0% 20% 20% 40% 40% 60% 60% 80% 80% 100% 100% '04 '05 '06 ' 07 ' 08 '09 (11M)

17% 17% 12% 12% 1% 1% 5% 5% 8% 8% 7% 7%

0% 0% 10% 10% 20% 20% 30% 30% 40% 40% 50% 50% '04 '05 '06 ' 07 ' 08 '09 (11M)

2.5% 1.3% 0.2%

0% 0% 5% 5% 10% 10% 15% 15% 20% 20% '04 '05 '06 ' 07 ' 08 '09 (11M)

PS 9,457 / total 63,736 units PS 1,543 / total 9,091 units PS 1,051 / total 42,048 units PS 6,863 / total 12,597 units

Leader in real demand Segment Largest overall unit

• MKT. Share & Townhouse Leader

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Strategy 1: Maximise Market Share of TH & Expand into City TH Segment / New Area - price gap - design

4,678 3,758 3,838 365 365 547 547 2,199 4,241 840 840 1,522 3,893 1,182 10 10 601 88 554 554 188 188 4,628 10,756 7,414 6,064 2,000 4,000 6,000 8,000 10,000 12,000 '06 '07 '08 '09 Baan Preuksa Preuksa Ville The Connect Preuksa Town The Plant Citi

Million Bt.

New Market Segment: The Connect Baht 2 – 3 million (City Townhouse) New Market Segment: Preuksa Ville Baht 1.2 -2 million (City Townhouse) New Market Segment: Typical Product: Baan Preuksa Baht 0.6-1.2 million Townhouse (Increase Coverage Area) : Preuksa Town Baht 2- 2.5 million 4,308 308 4,671 671 4,649 649 3,664 664 574 574 1,486 3,974 99 99 176 176 1,422 422 1,302 302 302 302 328 328 341 341 9,729 729 7,536 536 5,150 150 4,882 882 2,000 4,000 6,000 8,000 10,000 12,000 '06 '07 '08 '09

Million Bt.

PS Market Share 35% 35% 50% 55% (11M)

+45% +22% +31% +29 % +46 % +5%

CAGR : 32 % CAGR : 26 %

Jan -Dec

62% 38% +38% +62% 64% 36% 49% 51%

The Plant Citi Baht 2- 4 million

(2-3-Storey CityTownhouse) Preuksa Town Baht 2-2.5 Million

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Strategy 2: Focus on Growing Revenue from Medium-price SDH

New Market Segment (Stylish Single-detached House) Typical Product: Preuksa Village Baht 1.7-2.2 million Single-detached House (Increase Coverage Area) Typical Product: Passorn Baht 2.4-4.0 million Single-detached House (Increase Coverage Area) 1,688 1,961 1,457 1,710 1,122 1,554 2,648 82 82 992 992 683 683 3,360 1,547 3,596 596 2,810 810 7,300 300 5,096 096

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 '06 '07 '08 '09

The Plant Preuksa Village New Passorn Existing Passorn

Million Bt.

New Passorn Baht 2.2 – 3 million

+43%

2,302 2,367 1,799 1,406 314 314 968 968 1,495 2,246 2,850 824 824 1,050 050 3,270 5,619 4,869 3,863 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 '06 '07 '08 '09

Million Bt.

PS Market Share 7% 8% 12% 17% (11M)

+42% +28% +15% +26% +18%

CAGR : 37 % CAGR : 20 %

Jan -Dec The Plant Baht 3 – 5 million

+75% +25% +37% +63% +23% +77% +29% +71%

16 City Ville Baht 0.5–0.8 million New Segment: The Seed starts Baht 0.8-1.4 million (Stylish City Condominium) IVY-River: Baht 1.5 -5 m IVY-Ratchada: Baht 1.4– 3.0 m IVY-Sathon 10: Baht 2.59 m Launched new design, new life style to grow in new MKT. Segment & new area New Segment: IVY City CD Baht 1.4-10.0 million New Market Segment: The Seed Musee ‘ The Seed Teere The Seed Memories Siam

3,675 2,118 1,949 194 194 1,492 2,387 19 19 67 67 117 117 70 70 295 295

71 71

3,986 3,677 70 70 4,721 1,000 2,000 3,000 4,000 5,000 6,000 '06 '07 '08 '09 City Ville Ivy The Seed The Tree Be You

Not only Booking of TH and SDH, but also “Condominium” Booking has made Preuksa great presale expansion with optimum risk (High end Stylish Boutique Condominium) BOI - Condominium

2,776 776 43 43 143 143 87 87 337 337 732 732 83 83 563 563 43 43 3,595

1,000 2,000 3,000 4,000 5,000 6,000 '07 '08 '09

Citi Ville IVY The Seed

Strategy 3: Expand into Condo Segment with Optimum Risk

PS Market Share 0.2% 1.3% 2.5% (11M)

+28%

• 7%

+5,568% +539% +1,209%

Jan -Dec

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1. SBU PK 10. New SBU CD4 9. New SBU CD3 8. SBU CD2 7. SBU CD1 6. SBU PV2 2. New SBU PKV 5. SBU PV1 4. SBU PS 3. New SBU Connect New SBU Structure

Pruksa

Strong Team Synergy

 Interchangeable Management Team  Highly Skilled & Experienced Management Team in each Market Segment

• Construction

SBU KS SBU Precast Plant SBU Inter biz.

Other SBU

Vietnam

India

Company Structure to suit Thailand Housing MKT. Value,. i.e, ‟09 : ~ Bt. 210 bn TH 17%, SDH 35%, CD 43% Townhouse Single Detached H. Condo.

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Business Cycle Time (Day) (Booking to Transfer) Total TH+SDH Condo Units Transfer (Unit) Total TH+SDH Condo Total Revenue (M฿) Total TH+SDH Condo

2005 2006 2007 2009

209 209

• 6,136

6,136

• 7,655

7,655

• 180

180

• 6,568

6,568

• 8,151

8,151

• 111

111

• 7,074

7,074

• 9,054

9,054

• 125

111 420 8,913 8,492 421 12,968 12,404 564

Shortened Business Cycle Time (Reduce Business Risks & Provide Opportunity for Aggressive Business Expansion) 2008

164 91 564 11,249 9,527 1,722

• 5. Effective Integration of Business Process

03/03/53 16:11 น. 19

Backlog

Million Baht

3,900 900 2,803 803 2,976 976 3,401 401 3,914 914 3,876 876 2,155 155 1,434 434 1,523 523 1,806 806 2,249 249 3,657 657 5,060 060 6,689 689 7,126 126 7,145 145 7,807 807 9,038 038 8,186 186 9,784 784 20 20 855 855 15 15,719 719 15 15,202 202 13 13,015 015 11 11,644 644 11 11,364 364 12 12,744 744

2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Q3-08 Q4-08 Q1' 09 Q2 '09 Q3 '09 Q4' 09 Income Y

TH TH SDH Condo Column 4

2010 2011 2012

*จอง ยังไม่ท ำสัญญำ

03/03/53 16:11 น. 20

2010 Revenue Target /Backlog

9,743 10,808 5,601 8,362 3,596 3,430 3,353 3,517 2,914 1,400

9,784 24,000 18,940

5,000 10,000 15,000 20,000 25,000 30,000 35,000

2009 2009 2010 (Target) 2010 (Backlog)

TH TH SDH CD CD IB IB

Million Baht

31% 42% 85%

(41%) +27%

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Total Assets show peak cash ending

82% 85% 89% 95% 108% 14% 14% 13% 17% 19% 25% 19% 31% 14% 18% 19% 17% 26% 17% 16%

0% 20% 40% 60% 80% 100% 120% '05 '06 '07 '08 '09

• Avg. Asset T / O
• Avg. ROA
• Avg. ROE

Net Profit Margin

1,082 838 1,006 823 1,529 2,944 2,071 1,623 3,151 8,194 8,775 9,516 11,285 12,622 12,257 12,506 13,012 13,202 1,314 1,403 1,438 1,479 1,506 1,514 1,485 1,447 456 611 892 769 635 623 702 935 1,220 1,299 11,095 11,627 12,852 14,356 16,292 17,347 16,765 17,017 18,871

2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000

'07 Q1 '08 Q2 '08 Q3' 08 Q4' 08 Q1' 09 Q2 '09 Q3' 09 Q4' 09

cash & its equivalent Net Inventories P P & E Other Assets Total assets

22

0.28 28 0.35 35 0.61 61 0.6 0.56 56 0.5 0.45 45 0.15 15 0.36 36 0.34 34 0.29 29 0.22 22 0.16 16 0.22 22 0.46 46 0.33 33 0.37 37 0.35 35

0.02 02 0.21 21 0.07 07 0.1 0.08 08

• 0.08

08

0.21 21

• 0.2

0.3 0.8

'06 '07 '08 Q1' 09 Q2'09 Q3'09 Q4'09

D : E ratio

• Int. Bearing D : E

[Debt - Cash Ending ]: E [Int. bearing - cash ending] : E

• Int. Bearing Debt

„07 = Bt. 1,219 m „08 = Bt. 3,600 m Q1‟09 = Bt. 3,730 m Q2‟09 = Bt. 3,109 m Q3‟09 = Bt. 2,504 m Q4‟09 = Bt. 2,130 m times Cash & S-T investment = Bt. 3,151 m

# 1 In Peers

Support Aggressive Business Expansion Plan & Long Term Growth

• 6. Solid Financial Structure derived from Efficient Operation

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191 357 552 344 315 249 209 174 482 482 500 479 501 494 464 408

5,393 5,101 6,797 8,634 9,051 9,514 9,588 8,679 2,143 2,143 2,348 2,315 1,845 1,440 1,477 1,864 1,493 1,493 1,160 1,017 728 992 1,454 2,248 13,373 13,192 12,689 12,439 12,789 11,357 9,576 9,702

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000

Q1'08 Q2 '08 Q3 '08 Q4'08 Q1 '09 Q2 '09 Q3'09 Q4'09

Land under Dev. Land,House for sale Projects developing Sample houses

• Construct. Materials

Grand total

Total property development projects

Million Bt.

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3,259 3,011 4,185 5,355 5,613 5,654 5,282 5,904 406 395 362 359 371 370 319 298 926 1,025 1,507 1,996 2,110 2,401 2,702 1,389 380 396 426 435 423 476 567 507 500 576 482 402 302 271 381 423

8,679 9,588 8,634 6,797 5,101 5,393 9,514 9,051

2,000 4,000 6,000 8,000 10,000

Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q4'09

Interest Overhead : construction Infrastructure Construction Land Dev. Land Projects developing

Million Bt.

Project under Development

25

Revenue : BOI & Non-BOI

 Price < Bt. 1.2 m (incl. land cost) for TH, SDH Usable area > 70 sq.m.  Minimum 50 Units / Project  Price < Bt. 0.6 m (incl. land cost) for All housing Type  Usable area > 31 sq.m.  Minimum 150 Units / Project Meet ISO 9001 or equivalent 2009

92% 8%

2010 (plan)

14% 86%

2008 (actual)

19% 81%

BOI Non BOI

26

3,136 4,883 1,377 1,337 1,390 3,180 7,284 1,302 2,373 687 639 651 1,645 3,622 37% 36% 14% 18% 18% 17% 17% 21% 38% 35% 36% 38% 41% 19%

2,000 4,000 6,000 8,000 '07 '08 Q1' 09 Q2 '09 Q3'09 Q4'09 '09

0% 10% 20% 30% 40% 50%

Gross Margin (m Baht) Net Margin (m Baht) Gross Margin (%) Net Margin (%)

Net Profit speed up from IVY River transfer

Million Baht Percent

27

Summary Major CAPEX plan for 2010

 Land acquisition for 48 projects value Baht 6,800 mn.  Land development and construction cost Baht 12,600 mn.  Fixed asset Baht 1,400 mn.

 Pre-cast concrete factory expansion Baht 1,000 mn.  IT system Baht 150 mn.

28

India

• Ongoing Project

1 Bangalore

• New projects

1 Bangalore 1 Chennai 1 Mumbai Maldives

• New project

1 Hulhumale

International Business:

Vietnam

• 1 In Hai Phong

Pruksa goes outside Thailand

29

3 New Projects in India

Mumbai 50% JV with Bangalore 100% own Chennai 70% JV with

30

2010 Target Presale in India (Bangalore, Chennai, Mumbai): Baht 1,500 million 2010 Target Revenue in India (Bangalore, Chennai, Mumbai): Baht 1,000 million New Projects in Chennai and Mumbai to launch (> 25 Acres each) by Q4’ 2010 Bangalore: First land plot successfully purchased ~ 65 Rai (26 Acres) ~ Baht 1,600 million project value for SDH and TH totaling ~ 590 units for middle income earners Now applying for land allotment and construction license.

India Updates:

31

Hai Phong 85% JV Agreement with Hoang Huy Service Investment Co.

Vietnam:

TH and CD for middle- to-low income. Total Project value Baht 2,500 million on 140 Rai. 2010 Planned presale and revenue of Baht 500 million and Baht 400 million respectively. Presale starts Q2’ 2010. Construction starts Q3’ 2010.

32

TH and CD for middle-to-low income. Total Project value Baht 2,500 million on 140 Rai. 2010 Planned presale and revenue of Baht 500 million and Baht 400 million respectively. Presale starts Q2’ 2010. Construction starts Q3’ 2010.

Vietnam Updates:

33

New Project in Maldives:

Maldives (Male’ and Hulhumale’) 80% JV with HDC

On Hulhumale’ Island, 4-5 storey CD : total planned 2,400 units (project value ~ Baht 4,500 million)

• n 140 Rai divided

into 3 phases. 1st Phase (Hulhumale’) is 650 units (project value ~Baht 1,500 million) to begin by Q1’10

34

Policy of dividend payment is not less than 30% of net profit after deductions of all reserves. 2009 DPS is Bt. 0.55 VS. Bt. 1.64 EPS (Pay-out ratio is 33.53%) – Subject to 2010 Shareholder meeting XD 11/3/10, Record Date 15/3/10, Closing Book 16/3/10, AGM 27/4/10, Dividend payment 13/5/10

Compared with 2008 : Bt. 0.33 DPS VS. Bt. 1.08 EPS (Pay-out ratio is 30.6%) Compared with 2007 : Bt. 0.22 DPS VS. Bt. 0.60 EPS (Pay-out ratio is 36.6%)

Dividend Policy & Payment:

35

Per share & Return performance

0.27 0.18 0.2 0.22 0.33 0.55 2.2 3.0 3.4 3.8 4.6 5.9 0.64 0.73 0.6 0.6 1.08 0.31 0.29 0.3 0.74 1.64 4.9 5.9 8.4 4.4 4 8.4 11.7 17.8 17.8

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

'04 '05 '06 '07 '08 Q1' 09 Q2' 09 Q3' 09 Q4'09 '09

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000

• MKT. Cap in SET @ period end

Dividend per share Book Value per share Earning per share Ending PS price in SET

• Bt. / share (bar graph)

Ranked as 9 th YoY highest capital gainer in SET

Subject to shareholders Meeting - Apr.‟10 Consist of Bt. 0.20 : BOI

• Bt. 0.35 : Non-BOI @ 25% Corp. tax rate

36 Disclaimers : This presentation material has been prepared solely for informational purposes only. Preuksa Real Estate Pcl. (PS) is furnishing it solely for use by prospective investors / analysts in the proposed event. PS makes no representations or warranties as to the accuracy or completeness of such information. By accepting this material each recipient agrees that PS shall not have any liability for any representations (express or implied) contained in, or for any omissions from this presentation. The information contained herein does not purport to be all-inclusive or to contain all of the Information that may be material to the recipient’s decision. Each recipient of the information and data contained herein should perform its own independent investigation and analysis of the transaction and the creditworthiness of PS . Reference in this Disclaimer to this shall include references to the Appendices (if any) hereto.