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Company Presentation My Life My Origin Oppor t unit y D a y Q2 2 - - PowerPoint PPT Presentation

Company Presentation My Life My Origin Oppor t unit y D a y Q2 2 0 1 8 4 -Se pt e mber -2018 2 Disclaimers The information (Confidential Information) contained in this presentation provided by Origin Property Public Company Limited is


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My Life My Origin

Oppor t unit y D a y Q2 2 0 1 8 4 -Se pt e mber -2018

Company Presentation

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2

Disclaimers

The information (“Confidential Information”) contained in this presentation provided by Origin Property Public Company Limited is strictly confidential and is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Origin Property Public Company Limited (“Company”, and shares in the Company, “Shares”) in any jurisdiction, not should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever. 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 reproduce in any form or by any means;

  • r (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. In addition, this presentation contains projection 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 contingenciesas well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur that projects will be achieved, or that the Company’s assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events or otherwise. These statements can be recognized by the use of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions. 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

  • r its contents or otherwise arising in connection therewith.
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Presentation Outline

1

Company Overview 1H2018 Key Operation and Financial Highlights Market Outlook 2H2018 Update Origin Vision and Strategy

2 3 4 5

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5 Projects Project value 11,500 MB (Calculate by Income approach method)

ORIGIN EMPIRE

CONDOMINIUM ACCOMMODATION, OFFICE & RETAIL, FOOD PROPERTY MANAGEMENT, HOUSEKEEPING, BROKERAGE, RENTAL SERVICE, DIGITAL BUTLER

RESIDENTIAL FOR SALE RECURRING INCOME SERVICE SOLUTIONS

51 Projects Project value 64,693 MB 1 Project Project value 800 MB HOUSE Revenue is more than 100 MB per year

Company Overview

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5

More than 200,000 Baht/Sq.m. 120,000 – 200,000 Baht/Sq.m. 80,000 – 120,000 Baht/Sq.m. Less Than 80,000 Baht/Sq.m.

Luxur ury High E h End nd Mi Mid E d End nd En Entr try L Lev evel el

Origin Condominium Brand Portfolio

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TOTA TOTAL 149 149 UN UNITS TS SOL OLD 123 123 UN UNITS TS REMAIN ININ ING 26 26 UN UNITS TS

Britania Residence Single Detached House (Luxury) 10-20 MB Britania Home Single and/or Detached House (Premium) 5-10 MB Britania Townhome Townhome/Home Office 3-5 MB

6

85 85% S SOL OLD OU D OUT

Origin House

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ACCUMULATED PROJECT VALUE (ESTIMATED REIT VALUE)

2,400 MB 4,500 MB 8,200 MB 12,400 MB 17,900 MB 24,700 MB 2019 2020 2021 2022 2023 2024 Accumulated Revenue 300 MB 700 MB 1,400 MB 3,300 MB 5,200 MB 6,500 MB BANGKOK THONGLOR SIRACHA LEAMCHABANG CHONBURI SIRACHA 24 BANGKOK

7

PHAYATHAI BANGKOK RAYONG RAYONG

FUTUR URE P PROJ OJECT CT

EEC

One Origin – Recurring Income

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Condominium Hotel & Mixed use

KNI NIGH GHTSB SBRIDGE GE

PRIME - ONNUT

KNI NIGH GHTSB SBRIDGE GE

COLLAGE - RAMKHAMHAENG

KNI NIGH GHTSB SBRIDGE GE

PRIME - RATCHAYOTHIN

KNI NIGH GHTSB SBRIDGE GE

SPACE - RATCHAYOTHIN

PARK T THONGLOR LOR

(PHASE 1)

STA TAYBRIDGE S E SUITE ITE

THONG LOR

TOTAL PROJECT VALUE 27,000 MB.

ORIGI GIN N 24 ** **

SUKHUMVIT 24

x

2,500 500 MB MB 3,700 700 MB MB

(calculated by income approach method)

** New JV (Expect deal closed in Q3,2018)

Joint Venture Projects

2,000 000 MB MB 2,500 500 MB MB 1,600 600 MB MB 2,700 700 MB MB 12 12,00 000 0 MB MB

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Property Management Maid & Maintenance Brokerage, Decoration & Residence Management Property & Living Technology

Residential & Property Service

Property Agency

Oversea Domestic

9

Primo Service Solution

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Q2’2018 and 1H2018 Key Operations and Financial Highlights

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Q2’2018 Key Financial Highlights

Quarterly Performance

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Solid Growth Performance

Key Financial Highlights

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Superior Growth Profile over Years

773 1,235 1,435

2,776 6,460 4,211 11,550

1,611 1,735 2,776 1,366 4,387 6,813 1,606 3,487 3,733

5,356 10,844 14,757

  • 5

10 15 Y2015 Y2016 Y2017 Q2'17 Q2'18 1H17 1H18

Presal sale

+133 33% % YoY +174 74% % YoY

Unit: M.Baht

2,055 3,199 9,988 1,176 4,184 2,054 6,657

  • 2

4 6 8 10 12 Y2015 Y2016 Y2017 Q2'17 Q2'18 1H17 1H18

Reve evenue

+256 56% % YoY +224 24% % YoY

Unit: M.Baht

386 638 2,021 239 1019 411 1,508

19% 20% 20% 20% 24% 20% 23%

0.0 0.5 1.0 1.5 2.0 2.5 Y2015 Y2016 Y2017 Q2'17 Q2'18 1H17 1H18

Net P et Prof

  • fit

Unit: M.Baht

+327 27% % YoY +267 67% % YoY

861 1,429 3,102 536 1,487 939 2,264

43% 45% 35% 46% 41% 46% 40%

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

  • 1

1 2 2 3 3 4 Y2015 Y2016 Y2017 Q2'17 Q2'18 1H17 1H18

Gross M ss Margin

Unit: M.Baht

+177 77% % YoY +141 41% % YoY

Key Financial Highlights

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2018F : Target launch of new projects at 30,000 MB (+98%)

Ne New Target Pre-Sale 24,

24,000 000 MB MB (+63%)

Y2015 Y2016 Y2017 Y2018F Launch 6,955 11,340 15,150 30,000 Pre-Sale 5,356 10,844 14,757 24,000 Actual L

  • 6,000

l

6,955 11,340 15,150

30, 30,000 000

5,356 10,844 14,757

24, 24,000 000

6,000 00 11,550 550

  • 5,000

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

  • 5,000

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

MB

+63 63% +98 98% 1H18 18

Key Operation Highlights

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Three New Knightsbridge in Three Key Locations

KNIGHTSBRIDGE

COLLAGE – SUKHUMVIT 107

PROJECT VALUE : 2,300 MB TOTAL UNITS : 325 Units PROJECT VALUE : 1,000 MB TOTAL UNITS : 304 Units PROJECT VALUE : 2,700 MB TOTAL UNITS : 488 Units

KNIGHTSBRIDGE

SPACE - RATCHAYOTHIN

KNIGHTSBRIDGE

SPACE – RAMA IX

1H2018 New Project Launched

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Q2’2018 Backlog Information

Strong Backlog to Support Revenue Target

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Q2’2018 Backlog by Brand

Strong Backlog to Support Revenue Target and Knightsbridge is playing the major role

TO TOTA TAL 29,0 29,042 MB MB

Park 6,562 23% Knightsbridge 15,152 52% Notting Hill 3,882 13% Kensington 2,539 9% Britania 472 2% Other 434 1%

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Transfer Begins Q1/18 Q2/18 Q3/18 Q4/18

Phase2 Phase2

On time Construction and Advance Transfer Plan

2018 Transfer Plan

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Focus on Ready to Move Projects

1H2018 Key Marketing Campaign

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Three New Knightsbridge in Three Key Locations

KNIGHTSBRIDGE

COLLAGE – SUKHUMVIT 107

PROJECT VALUE : 2,300 MB TOTAL UNITS : 325 Units PROJECT VALUE : 1,000 MB TOTAL UNITS : 304 Units PROJECT VALUE : 2,700 MB TOTAL UNITS : 488 Units

KNIGHTSBRIDGE

SPACE - RATCHAYOTHIN

KNIGHTSBRIDGE

SPACE – RAMA IX

1H2018 New Project Launched

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Knightsbridge Tiwanon Project Value 1,150 MB Britania Srinakarin Project Value 800 MB

Q1 Q2 Q3 Q4

** Knightsbridge Tiwanon can start transfer faster than planned from Q3 to be Q1 2018

1H2018 Project Completed

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Project Value 1,200 MB Notting Hill Laemchabang Notting Hill Sukhumvit-Praksa Project Value 1,400 MB Project Value 11,000 MB PARK 24 PHASE 2

Q1 Q2 Q3 Q4

Project Value 1,050 MB Kensington Kaset Campus

**Park24 Phase2, Notting Hill Praksa, Notting Hill Leamchabang, Ken Kaset Campus can start transfer faster than planned from Q3,4 to be Q2 2018

1H2018 Project Completed

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Partnership with Fulcrum Global to bolster overseas presence

ORIGIN joined forces with Fulcrum Global, an Agent in Hong Kong, to tap sales of 15,000 million baht from Overseas Market in 3 years.

1H2018 Key Partnership

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5,569 5,827 6,566 7,731 9,881 14,757 14,963 16,398 20,835 23,702 23,929 29,414 30,303 303 36,857 44,646 50,265 136,227 NOBLE LALIN A PACE PF LPN SC ANAN S GOLD SIRI AP ORI QH PSH SPALI LH

Market Cap (Bt Mil)

0.60 1.39 1.73 1.90 2.25 2.30 2.55 3.02 3. 3.20 20 3.37 3.80 4.42 4.80 5.03 5.34 5.71 6.36 7.20 7.45 10.19 A NOBLE SENA CI SAMCO RML ANAN GOLD ORI SC AP PF LALIN LPN MK QH LH SIRI PRIN PSH Source: SET as of 27 August 18

Market C ket Capital talizati ation

  • n (Million
  • n B

Baht) t) Divide idend Y d Yield (% (%)

Peer Comparison

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Secure High Margins and Returns

(As of 1H2018)

Peer Comparison

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Market Outlook

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High Correlation between Residential Units Sold to GDP growth

Source : BOT, REIC and KS Research

Market Outlook

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Forecast Residential aggregate presales by quarter

Source : Company data and Bualuang Research

Market Outlook

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The lower rate of decline reflects higher average price despite lower number of newly launched projects The increase in value primarily due to lower unit launched at higher prices Source : AREA

23,634 79,889 19,544 82,482 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 No.Unit Value(MB)

New Launched of Housing Project Jan-June 18

Jan - Jun 2017 Jan - Jun 2018 30,647 102,758 26,326 104,065 20,000 40,000 60,000 80,000 100,000 120,000 No.Unit Value(MB)

New launched of Condominium Project Jan-June 18

Jan - Jun 2017 Jan - Jun 2018

New Launched Residential Projects

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28,264 44,670 47,795 35,164 17,626 10,974 19,343 26,087 61,753 42,428 23,110 14,538

  • 32%
  • 42%

29% 21% 31% 32%

  • 50%
  • 40%
  • 30%
  • 20%
  • 10%

0% 10% 20% 30% 40%

10,000 20,000 30,000 40,000 50,000 60,000 70,000 <2.01 2.001-3.000 3.001-5.000 5.001-10.000 10.001-20.000 >20.000

Real Estate Projects Launched by Prices (January-June 2018)

Jan - Jun 2017 Jan - Jun 2018

Source : AREA MB

  • Both domestic and international demand drives growth in mid to high end segment
  • Demand in low end segment has yet to recover

New Launched Residential Projects by Prices

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The increase in both housing and condominium transfer values reflects recovering consumer confidence and relaxed mortgage conditions Source : REIC

99,661 83,839 135,250 121,530 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 Housing Condo.

Housing Transfers from Juristic Persons Bangkok and Vicinities Jan - June 2018

Jan - Jun 2017 Jan - Jun 2018

Housing Transfers from Juristic Persons

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2H2018 Update

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Project Value 11,100 MB Complete Q2-Q3’18 PARK24 PHASE2 Project Value 1,050 MB Complete Q2-Q3’18 Kensington Kaset Campus

Q1 Q2 Q3 Q4

Project Value 600 MB Complete Q4’18 Notting Hill Jatujak Interchange

Q1 Q2 Q3 Q4

Projects to be Completed in 2H2018

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New Projects – Park Origin

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LOCATION : Phayathai Road. LAND PLOT SIZE : 2 – 1– 36.3 Rai PROJECT VALUE : 4,600 MB PROJECT TYPE : High rise Condominium 35 Storeys 4 Basements TOTAL UNIT : 550 Units

New Projects – Park Origin

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Project : Park Origin Thonglor Developer : ORIGIN PARK T1 Co.,LTD. Land Plot Size : Approx. 6-0-18.5 Rai (2,418.5 SQ.W.) Project Type: High rise Condominium 3 Buildings/ 39, 53, 54 Storeys Total Unit : 1,210 Units + 5 Shops Building A 338 units Building B 478 units Building C 394 units

  • No. of Parking

: 55% Auto parking

New Projects – Park Origin

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LOCATION : Soi 24 , SUKHUMVIT Road. LAND PLOT SIZE : 7-0-55 rai PROJECT VALUE : 11,000 MB PROJECT TYPE : Phase II 3 Buildings 29, 44, 51 Storeys TOTAL UNIT : 1,240 Units

New Projects – Park Origin

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PRODU DUCT M MIXED XED Semi-Detached House 148 Units Town House A Width 5.70 m. 112 Units Town House B Width 5.30 m. 12 Units Tota tal Un Unit 472 72Units ts LOCATION N Bua Na Ka Rin Rd. (Bangna Trad – Samutprakarn) PR PROJECT L LAN AND AR AREA 55-3-63.89 Rai ( Appx. 89,455 Sq.m.) PR PROJECT V VAL ALUE 1,900 MB

New Projects – Britania

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PRODU DUCT M MIXED XED Detached House (Oxford) 19 Units Detached House (Regent) 103 Units Detached House (Brompton) 60 Units Tota tal Un Unit 182 2 Units ts LOCATION N Sukhaphiban 6 Rd. (Bangna Trad-BangphiYai Temple, Samutprakarn) PR PROJECT L LAN AND AR AREA 39-2-48.49 Rai (Appx. 63,696 Sq.m.) PR PROJECT V VAL ALUE 1,000 MB

New Projects – Britania

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PRODU DUCT M MIXED XED Semi-Detached House 56 Units Town House A width 5.70 m. 96 Units Town House B width 5.30 m. 151 Units Tota tal Un Unit 303 03Un Units LOCATION N Ha Thai Rat Rd. (Outer Ring Road-Lamlukka, Pathumthanee) PR PROJECT L LAN AND AR AREA 31-3-93.00 Rai (Appx.51,172 Sq.m.) PR PROJECT V VAL ALUE 1,100 MB

OUTER RING ROAD - HATHAIRAJ

New Projects – Britania

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Origin Vision and Strategy

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Condominium Projects Housing Projects Recurring Income

Our Core Competency Park Origin to Enhance Our Brand Portfolio JV Projects with Nomura Next Growth Driver with Strong Potential Diversification of Income Stream

Outer Bangkok and EEC Selective prime CBD and EEC

  • Continue to grow through our core competency.
  • Bangkok’s mass transit extensions are a great opportunity while EEC, with

the government’s support, has ample room for growth.

  • Enable us to grow faster and achieve higher ROE.
  • Strong line-up of future products/businesses based on Nomura’s expertise.
  • Utilize Park Origin’s ultra luxury brand to broaden our portfolio, with 3

projects being launched in 2018 in super prime area (Phayathai, Thonglor, and Phromphong). Bangkok mass transit extensions / EEC Selective prime CBD Bangkok mass transit extensions / prime CBD

  • Capture healthy demand for low rise projects and fulfil ORI’s product line-up.
  • Scale up to capture additional market and act as another driver to our core
  • peration.
  • Leverage on management’s experience together with synergy with existing

business.

  • Capture demand from Expat’s long stay, business travellers and the EEC

masterplan.

To Become Thailand’s Top Property Developer

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13,5 ,500 15,3 ,300 15,5 ,500 15,5 ,500 16,0 ,000 1,5 ,500 3,0 ,000 4,4 ,400 7,2 ,200 10,0 ,000 250 850 1,0 ,000 500 700 850 850 900 6,0 ,000 6,0 ,000 8,5 ,500 1,0 ,000 5,0 ,000 6,0 ,000

2018 2019 2020 2021 2022

Recurring ing Incom

  • me

Commercial property will start playing important roles after first property start operation in late 2019 Co Condomin iniu ium Proje jects ts Ho Housin ing Proje jects ts JV P Proje jects ts Manage age F Fees & es & Se Service Revenue ue

Units: Million Baht

Our JV projects would start transfer in 2020

  • nwards

Additional income from JV company and Service revenue will enhances our profitability Housing will become one of our key drivers in the next 5 years Continue to grow with more complete brand portfolio from ultra luxury to market and capture structural shift in Thailand’s property demand

Our 5 Years Revenues Projections

Scale Up Business over the Next 5 Years

Potential J l JV Proje jects ts Tentative JV Projects are under study and negotiation

To Total R Rev ev E Exc.

  • c. JV

JV 15, 5,50 500 19, 9,00 000 21, 1,00 000 24, 4,40 400 27, 7,90 900 Total Rev Inc. JV 15,500 19,000 28,000 35,400 42,400

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Condominium 87% Housing 9.7% Services Business 0.5% Other Income 2.7%

2018F

Revenue Mix 2018F – 2022F

2022F

Other Income 1.8% Condominium 58.2% Housing 36.4% Recurring Income 2.9% Services Business 0.7%

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IR Contact E-mail: ir@origin.co.th Tel: 020 300 000 Fax: 02 398 8066

Thank You

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