COMPANY PROFILE SET Digital Roadshow 21 March 2019 SET Digital - - PowerPoint PPT Presentation

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COMPANY PROFILE SET Digital Roadshow 21 March 2019 SET Digital - - PowerPoint PPT Presentation

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COMPANY PROFILE SET Digital Roadshow 21 March 2019 SET Digital Roadshow| 21 Mar 19 Disclaimer The information (the Information) contained in this presentation is strictly confidential and is provided by Nirvana Daii Public Company Limited

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SLIDE 1 SET Digital Roadshow| 21 Mar 19

SET Digital Roadshow

21 March 2019

COMPANY PROFILE

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SLIDE 2 SET Digital Roadshow| 21 Mar 19 The information (the “Information”) contained in this presentation is strictly confidential and is provided by Nirvana Daii Public Company Limited (“NVD”) solely for information purpose and does not constitute an offer or invitation to sell or the solicitation of an
  • ffer or invitation to purchase or subscribe for share in NVD. 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. 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
  • rganization or elsewhere, without the prior written consent of NVD.
This presentation contains projections and forward‐looking statements that reflect NVD's current views with respect to future events and financial performance. These views are based on our management’s assumptions and beliefs in light of the information currently available to us including 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 our control. Although care has been taken to ensure that the Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the 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 NVD. 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 NVD's assumptions are correct. Please note that NVD and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these
  • Information. NVD undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. None of NVD’s executives/staff 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.

Disclaimer

2
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SLIDE 3 SET Digital Roadshow| 21 Mar 19

Introductory

▪ NVD in Perspectives ▪ NVD’s Ultimate Goal ▪ Strategic Direction: Quality of Growth

FY18 Recap

▪ 2018 Chronicle ▪ Develop-for-Sales – Condominium ▪ Recurring Incomes: Home Building Services ▪ Transfers Commencing for BTRRB

FY18 Performance

▪ Growth Story & Profitability Improvement ▪ FY18 financial statements ▪ Significant BOD Resolutions ▪ NVD-W1 Traded on SET ▪ Dividend Payments 3

FY19 Business Direction:

Nirvana LIVING REVOLUTION 2019

▪ Modern Living Design ▪ Modern Living Innovation ▪ Strategic Partnerships

Business Outlook

▪ On-going Projects with Sales-Transfers-Backlog Report ▪ FY19 Performance Drivers ▪ New Project Lineup ▪ Landbank Update ▪ Expected Milestones

Agenda

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SLIDE 4 SET Digital Roadshow| 21 Mar 19

In Perspectives

4 72%* 52% * Combined interests of Singha Property Management companies & founder’s privately-own stake ** As of Dec 31, 2017 ▪ SET-listed, High-end Property Developer with Prefabricated Construction Services under Singha Group ▪ Merger of Nirvana Development Co.,Ltd. (ND) & Daii Group Plc. (DAII) since Jan 2017 ▪ 52%-owned subsidiary of Singha Estate Plc. SOMWATTANA GROUP MARKET CAPITALIZATION THB 4,777m USD 150m Total paid-up of 1,380.6m shares at Bt.3.46/share close on Mar 13, 2019 LIABILITIES THB 7,659m USD 392m USD 151m USD 241m ASSETS THB 12,452m EQUITY THB 4,793m Dec 31, 2018 BALANCE SHEET 52% 18% PUBLIC 30% SHAREHOLDING STRUCTURE**
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SLIDE 5 SET Digital Roadshow| 21 Mar 19 5

Financial Goal

Land Acquisition Strategy JV & Partnership Collaborations Recurring Income Businesses

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SLIDE 6 SET Digital Roadshow| 21 Mar 19 6 DEVELOP FOR SALES RECURRING INCOMES

TOWNHOUSE HOME-OFFICE CONDO

LAND TRADING FOR ASSET MAXIMIZATION PURPOSES

SDH

Strategic Direction: Quality of Growth

HOME BUILDING SERVICES Projects

& Retails Park&Ride Structures

DEVELOP

For Rents/Manage Serviced Apartments

CONSTRUCTION SERVICES

& Building Materials
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SLIDE 7 SET Digital Roadshow| 21 Mar 19

FY18 Key

Activities

SET Digital Roadshow

21 March 2019
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SLIDE 8 SET Digital Roadshow| 21 Mar 19

FY18 Key Activities

8 Feb 2018 Grand Opening: Banyan Tree Residences Riverside Bangkok
  • 45-story Freehold,
Riverfront Condominium
  • Formal launch
Apr 2018 Soft Launch: BANN Nirvana
  • Home Building
Reimagined
  • Home Building Services
  • Retails
  • Projects
Mar 2018 Exclusive Sales: Nirvana DEFINE Srinakarin-Rama 9
  • First presales event
  • 173-units fully-
prefabricated Townhouses
  • Street-front on Srinakarin-
Romklao Road
  • About 30 units, worth
nearly Bt.300m, sold in
  • ne weekend
May 2018 Change of Bourse:
  • NVD moved from
MAI to SET
  • First-day trade
  • n May 24, 2018

3Q18

Jul 2018 NVD-W1 Traded on SET
  • Total warrants of 276,119,950
units began trading on Jul 24, 2018
  • 1:1 Exercise ratio
  • Exercise price of
Bt.8.0/share
  • 3-year term until
July 15, 2021 Aug 2018 New Construction Contract
  • Turnkey prefab construction
service at Singha Park Chiengrai Jul 2018 Two New Types at Nirvana ICON Pinklao
  • Added two more types of houses:
Type Quest & Reach
  • Two-story,
fully prefab houses Jun 2018 Soft Opening: Nirvana DEFINE Srinakarin-Rama 9
  • Second presales event
  • Launched two more types of
show units, Type-A & Type-B Jun 2018 Disposition of Investment
  • NVD sold its entire 595,000
shares or 14.89% of Landy Development Co.,Ltd. on Jun 29, 2018 Jun 2018 Debentures Issuance & Offering
  • Offering to Institution
Investors
  • Issue Size of Bt.1,200m
Sep 2018 JV Partnership with Daiwa House Industry
  • NDD to jointly develop Nirvana
BEYOND Rama9-Krungthep Kreetha Sep 2018 New Type of Home Offices
  • 4-story, Independent units at
Nirvana @WORK Ladprao- Kaset Navamin

4Q18

Oct 2018 Land Acquisition
  • Issaraphap Road
  • Project: Low-rise, 8-story
freehold condominium near Siriraj Hospital Dec 2018 Land Acquisition
  • Prachachuen-Ratchadapisek 35
  • Project: High-rise, 22-story
freehold condominium near Bangsue Grand Station Nov 2018 Ownership Transfers Commenced forBanyan Tree Residences Riverside Bangkok
  • Title deeds issued
  • 18 units transferred
in 4Q18 Oct 2018 VVIP Launch: Nirvana BEYOND Udonthani
  • The first of Turnkey Solution Project
  • 40 units of all-new Nirvana BEYOND
at Udonthani’s City Center
  • 9 units sold
at the first VVIP sales event SET Digital Roadshow| 21 Mar 19
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SLIDE 9 SET Digital Roadshow| 21 Mar 19

FY18 Financial

Results

SET Digital Roadshow

21 March 2019
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SLIDE 10 SET Digital Roadshow| 21 Mar 19

FY18 Financial Results

20 FY16 1,348 FY16 45 FY17 2,558 +90% FY18 2,955 +16% FY17 214 +372% FY18 324 +52% 30.6% 31.2% 35.6% REVENUES Bt.m & Gross Margins % NET PROFITS Bt.m & Net Margins % 3.4% 8.4% 11.0% & PROFITABILITY IMPROVEMEN T
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SLIDE 11 SET Digital Roadshow| 21 Mar 19

4Q18 Financial Results

21 Revenues from Construction Contracts Expected to Regain Momentum When Turnkey Solution Taking off in Full Scale ▪ Turnkey Solution is our strategic focus to create sustainable growth. ▪ A form of collaborations between landlords and NVD in developing residential projects countrywide ▪ NVD provide its expertise by building and selling houses on landlords’ land without having to acquire landbanks ▪ NVD, not only incurs less risks, but also has landlords as partners in business expansion, from Bangkok’s prime areas to high-potential provincial areas ▪ Turnkey Solution is expected to provide a new source of recurring income. ▪ The first project of Turnkey Solution is Nirvana Beyond Udonthani, planned for soft launch within 1H19. 4Q18: Strongest Quarterly Performance in the Recent Years ▪ Most significant growth contributor are the transfers of the first 18 units (from a total of 133 units) of Banyan Tree Residences Riverside Bangkok (BTRRB). ▪ BTRRB also helped push Blended Gross Margin up to 37% in 4Q18 from the norm level of about 30-32% as seen throughout FY17. ▪ Revenues from sales of landed residential projects also picked up in 4Q18 – Single houses, Townhouses and Home office units regaining momentum. ▪ Revenue from Sales of about 3.86 rais of landbank along the New Krungthep Kreetha Road (Srinakarin-Romklao) Bt.m % Bt.m % Bt.m % yoy qoq Revenues: Revenue from sales of real estate 407 69% 633 88% 1,132 89% 178% 79% Revenue from construction contracts 91 15% 65 9% 114 9% 25% 74% Revenue from sales of goods 90 15% 17 2% 29 2%
  • 68%
71% Total revenues 588 100% 715 100% 1,274 100% 117% 78% Costs: Costs of real estate sold 256 44% 369 52% 678 53% 165% 84% Costs of construction 69 12% 66 9% 95 7% 39% 45% Costs of goods sold 85 15% 16 2% 29 2%
  • 66%
79% Total costs 410 70% 450 63% 803 63% 96% 78% Gross profits 178 30% 265 37% 471 37% 165% 78% Other incomes 25 4% 8 1% 3 0% Selling expenses (97) -17% (98) -14% (165) -13% 70% 68% Administrative expenses (51) -9% (55) -8% (114) -9% 122% 108% Gain (loss) from exchange rate, net 0.5 0% (0.3) 0% 1.0 0% Financial costs (interest expenses) (1.9) 0% (5.3) -1% (0.4) 0%
  • 78%
  • 92%
Profits before share of profits from JV 53 9% 114 16% 195 15% 270% 71% Share of profits/(losses) from JV
  • 0%
(0.0) 0% (1.0) 0% Income taxes (4) -1% (25) -3% (36) -3% Net profits 49 8% 89 12% 158 12% 224% 77% %Change 4Q18 4Q17 3Q18 Consolidated Statements of Incomes
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SLIDE 12 SET Digital Roadshow| 21 Mar 19

FY18 Financial Results

Financial Costs Down ▪ Mainly due to bank fees being capitalized as costs of property developments. Other Income Up ▪ Some land along Srinakarin‐Romklao Road being expropriated; Net expropriated value booked in 1Q18 ▪ Sales of investment in Landy Development Co.,Ltd. in 2Q18 22 SG&A Higher Proportionately ▪ Selling expenses proportionately up due to Special Business Tax (“SBT”) and transfer fee related to the revenues from sales of real estate ▪ General administrative expenses increased mainly from accrued employee-related expenses and normal year-end provisioning activities Healthy Full-year Earnings ▪ Transformation process to prefabricated construction impacted revenue growth in 1H18 ▪ Sales of 27-rai land plot to NDD in 3Q18, for residential project development on the south-side of Krungthep- Kreetha landbanks helped recoup the 1H18 shortfalls ▪ Transfers of the first 18 units of BTRRB further topped up revenue growth to 16% yoy Consolidated Statements of Incomes %Change Bt.m % Bt.m % yoy Revenues: Revenue from sales of real estate 1,934 76% 2,472 84% 28% Revenue from construction contracts 451 18% 358 12%
  • 21%
Revenue from sales of goods 173 7% 126 4%
  • 27%
Total revenues 2,558 100% 2,955 100% 16% Costs: Costs of real estate sold 1,245 49% 1,487 50% 19% Costs of construction 354 14% 307 10%
  • 13%
Costs of goods sold 159 6% 110 4%
  • 31%
Total costs 1,758 69% 1,904 64% 8% Gross profits 799 31% 1,051 36% 32% Other incomes 50 2% 59 2% 18% Selling expenses (350) -14% (420) -14% 20% Administrative expenses (219) -9% (272) -9% 24% Gain (loss) from exchange rate, net 0.5 0% (3.1) 0% Financial costs (interest expenses) (17.1) -1% (15.9) -1%
  • 7%
Profits before share of profits from JV 264 10% 399 13% 51% Share of profits/(losses) from JV
  • 0%
(1.0) 0% Income taxes (50) -2% (74) -2% 46% Net profits 214 8% 324 11% 52% FY17 FY18 Blended Gross Margins Improved ▪ New high-end townhome products, Nirvana DEFINE, started to transfer in June 2018 ▪ Sales of 27-rai land plot in 3Q18 for new project development by NDD ▪ BTRRB also help pushed blended gross margin up to 37% in 4Q18 ▪ Sales of about 2.2 rais & 3.86 rais of landbank along the new Krungthep Kreetha Road (Srinakarin-Romklao)
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SLIDE 13 SET Digital Roadshow| 21 Mar 19

FY18 Financial Results

23 Overall balance sheet size increased by 28% from YE17 on transfers of more land & construction works in progress Assets ▪ Inventory and Costs of Property Development increased from: ▪ About 221 rais of land plot being reclassified from Land Held for Development in 2Q18 ▪ Transfer of about 88.4 & 21.3 rais of SD5 in preparation for new projects ▪ Transfer of two land plots for new condominium projects on Issaraphab Road and Prachachuen-Ratchadaphisek 35 ▪ BTRRB condominium project were reclassified to inventory as the project was ready for transfers of the first 18 units to customers in 4Q18. ▪ Land Deposits down YE17 as the above land being transferred. ▪ Restricted Bank Deposits decreased from AVAL facilities for SD4.2 due to 1Q18 Liabilities ▪ Total Land Purchase Payables (both short‐term and long‐term) of Bt.560m decreased 53% from YE17. ▪ Most of the land purchased in the recent years were paid by the bridging loans during 9M18. The only plot left is the 71.5 rais land plot in the north-side of Krungthep-Kreetha landbanks which was transferred in 1Q18. ▪ Incremental amount of Bt.114m was land purchase payables for Prachachuen- Ratchadaphisek 35 land plot. ▪ Interest-Bearing Debts increased due to: ▪ Bt.1,000m Debentures No.1/2018 ▪ Bt.200m Debentures No.2/2018, ▪ Drawdowns of BTRRB project financing loan, ▪ Land bridging loan for SD4 and SD5 Krungthep-Kreetha landbanks, ▪ Bt. 900m new short-term loan from bank Bt.m % Bt.m % Bt.m % Assets: Cash and cash equivalents 992 10% 1,104 9% 112 11% Inventories & Costs of property development 4,662 48% 8,411 68% 3,749 80% Unbilled receivables 34 0% 57 0% 23 70% Land deposits 200 2% 1 0%
  • 200 (100%)
Total current assets 6,393 66% 10,052 81% 3,659 57% Restricted bank deposits 383 4% 27 0%
  • 356
(93%) Land held for development 2,107 22% 1,311 11%
  • 796
(38%) Property, plant and equipment, net 356 4% 503 4% 147 41% Total non-current assets 3,356 34% 2,400 19%
  • 956
(28%) Total assets 9,749 100% 12,452 100% 2,703 28% Liabilities: Trade and other payables 474 5% 560 4% 86 18% Land purchase payables due within one year 1,197 12% 57 0%
  • 1,140
(95%) Interest bearing debts due within one year 1,363 14% 2,052 16% 689 51% Retention payables 105 1% 164 1% 60 57% Other current liabilities 46 0% 121 1% 76 166% Total current liabilities 3,549 36% 3,361 27%
  • 189
(5%) Land purchase payables
  • 0%
503 4% 503 100% Interest bearing debts due over one year 1,464 15% 3,760 30% 2,296 157% Other non-current liabilities 32 0% 35 0% 3 10% Total non-current liabilities 1,496 15% 4,298 35% 2,802 187% Total liabilities 5,045 52% 7,659 62% 2,614 52% Total equity 4,704 48% 4,794 38% 90 2% Total liabilities and equity 9,749 100% 12,452 100% 2,703 28% Net IBDE ratios 0.39 0.98 0.59 151% TL-TE ratios 1.07 1.60 0.53 49% Changes YE18 YE17 Consolidated Statements of Financial Positions
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SLIDE 14 SET Digital Roadshow| 21 Mar 19 24 3Q18 Quarterly Results | SET Opportunity Day | 21 Nov 2018

Jul-18: NVD-W1 Traded on SET

Listing: Warrant Company name: Nirvana Daii PLC (NVD) Warrant trading symbol: NVD-W1 Secondary market: SET Trading date: 24-Jul-2018 Number of listed warrants (units): 276,119,950 Exercise ratio (Warrant:Common stock): 1:1 Exercise price (Baht per share) : 8.00 Term of warrants: 3 years from issuance date (July 16, 2018) Warrant price (Baht per unit): 0.00 First exercise date: 31-May-2019 Last exercise date: 15-Jul-2021

KEY ACTIVITIES

3Q18

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SLIDE 15 SET Digital Roadshow| 21 Mar 19 25

9M18 Financial Results: Cash Dividend Payment

Date of Board resolution: 09-Nov-2018 Record date for the right: 26-Nov-2018 to receive dividends Ex-dividend date: 23-Nov-2018 Cash dividend payment: Bt0.11 per share Payment date: 04-Dec-2018

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SLIDE 16 SET Digital Roadshow| 21 Mar 19 26

FY18 Financial Results: Cash Dividend Payment

Date of Board resolution: 20-Feb-2019 Record date for the right: 06-Mar-2019 to receive dividends Ex-dividend date: 05-Mar-2019 Cash dividend payment: Bt0.08 per share Payment date: 08-May-2019

Subject to Shareholders’ Approval in AGM 2019
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SLIDE 17 SET Digital Roadshow| 21 Mar 19

FY19 Business

Direction

SET Digital Roadshow

21 March 2019
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SLIDE 18 SET Digital Roadshow| 21 Mar 19 28

Nirvana LIVING REVOLUTION 2019

Community Design
  • Full-range of Housing | Commercials & Recreations | Work Place & Learning Place | Park & Open-space
  • Krungthep Kreetha Township: Recreation & Lifestyle Community | Wellness & Healthcare
New Design of Flagship Product
  • Unconventional Design | Responsive | Exceptional Location | Timeless Design
  • All-new Nirvana BEYOND Series
New Modern Product Brands
  • The MOST by Nirvana
  • Nirvana Element
  • Nirvana Collection
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SLIDE 19 SET Digital Roadshow| 21 Mar 19 43

Nirvana LIVING REVOLUTION 2019

Convenient Lifestyle
  • Relaxing | Living | Connecting | Working
Eco & Health Concern
  • Water | Energy | Cross Ventilation | Air Control System
Security for Life
  • Location | Community | Project | Residence
Privilege for Family
  • Hotels & Resorts | Activities | Entertainments | Lifestyle
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SLIDE 20 SET Digital Roadshow| 21 Mar 19 48

Nirvana LIVING REVOLUTION 2019

S

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SLIDE 21 SET Digital Roadshow| 21 Mar 19

FY19

Outlook

SET Digital Roadshow

21 March 2019
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SLIDE 22 SET Digital Roadshow| 21 Mar 19 50
  • 1. Nirvana BEYOND - Kaset Nawamin
  • 2. Nirvana BEYOND - Srinakarin
  • 3. Nirvana BEYOND - @Beach
  • 4. Nirvana BEYOND - Rama 2
  • 5. Nirvana ICON - WW-Rama 9
  • 6. Nirvana ICON - Pinklao
  • 7. The TARA - Ramindra
  • 8. CLUSTER by Nirvana - Raspattana
  • 9. COVER by Nirvana - On-nut
10.Nirvana DEFINE - Rama 9 11.Nirvana DEFINE - Srinakarin-Rama 9 12.Nirvana @WORK - Ramintra 13.Nirvana @WORK - Ladprao-Kaset Nawamin 14.BANYAN TREE Residences Riverside Bangkok Single Detached Homes Townhomes Home Offices Condominium 1 2 4 5 6 7 8 9 10 12 13 14 11

FY19 Outlook: On-going Projects

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SLIDE 23 SET Digital Roadshow| 21 Mar 19

FY19 Outlook: On-going Projects

51 *Nirvana Beyond @Beach is closed *Project value of Nirvana Icon Pinklao deceased due to remodeling of the house type As of Dec 31, 2018 Projects Project Values Price Range Total Project Sold Transferred Backlog Available for Sales Single Detached Homes Nirvana BEYOND - Kaset Nawamin Ph.1 1,070 12-35 67 66 66 1 Nirvana BEYOND - Srinakarin 991 13-35 58 54 48 6 4 Nirvana BEYOND - @Beach 424 15-20 21 1 1 20 Nirvana BEYOND - Kaset Nawamin Ph.2 716 15-30 37 35 35 2 Nirvana BEYOND - Rama 2 Ph.1 1,614 16-60 66 20 19 1 46 Nirvana BEYOND - Rama 2 Ph.2 1,005 14-30 54 2 2 52 Nirvana BEYOND - Udonthani 530 25-30 40 9 9 31 ICON - WW-Rama 9 512 6-20 36 36 36 ICON - Pinklao 192 16-23 28 2 1 1 26 The TARA - Ramintra 279 4-10 54 39 39 15 Townhomes CLUSTER by Nirvana - Ratpattana 102 3-8 20 10 10 10 COVER by Nirvana - On-nut 550 2-6 194 193 193 1 DEFINE - Rama 9 612 8-27 51 50 50 1 DEFINE - Srinakarin-Rama 9 1,900 7-20 173 69 25 44 104 Home Offices @WORK - Ramintra 1,044 13-25 61 32 30 2 29 @WORK - Ladprao-Kaset Nawamin 1,053 13-31 56 21 18 3 35 Condominium BANYAN TREE Residences Riverside Bangkok 6,538 20-300 133 60 18 42 73 Estimated Values (Bt.m) 2,216 10,368 Bt.m #Units
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SLIDE 24 SET Digital Roadshow| 21 Mar 19 52

FY19 Outlook: Nirvana DEFINE Srinakarin-Rama 9

  • 69 units sold (84% of Phase-1 Total) at YE18
  • 25 units transferred in FY18
  • Backlogs of 44 units expected to be transferred within 1H19
  • Phase 2 launch planned in 2Q19
SET Digital Roadshow| 21 Mar 19
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SLIDE 25 SET Digital Roadshow| 21 Mar 19 53 ▪ 60 units sold at YE18 ▪ Title Deed issued in Nov-18 & the first 18 units transferred in 4Q18 ▪ More sales and transfers or remaining expected throughout FY19 ▪ Average price of about Bt.332,000/Sqm.

FY19 Outlook: Banyan Tree Residences Riverside Bangkok

SET Digital Roadshow| 21 Mar 19
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SLIDE 26 SET Digital Roadshow| 21 Mar 19

FY19 Outlook: The MOST by Nirvana – Issaraphap Road

Key Facts & Statistics ▪ Low-rise, 8-story condominium near Siriraj Hospital, blue-line, and orange-line trains ▪ Project value Bt.650m: 196 units with sellable area of 5,900 sqm ▪ Target launch in late 2Q19 54 Develop-for-Sales: New Condominium Project SET Digital Roadshow| 21 Mar 19
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SLIDE 27 SET Digital Roadshow| 21 Mar 19 55

FY19 Outlook: The MOST by Nirvana – Prachachuen-Ratchada 35

Key Facts & Statistics ▪ High-rise, 20-story condominium near Bangsue Grand Station ▪ Project value Bt.1,730m: 644 units with sellable area of 23,400 sqm ▪ Target launch in 2H19 Develop-for-Sales: New Condominium Project SET Digital Roadshow| 21 Mar 19
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SLIDE 28 SET Digital Roadshow| 21 Mar 19 56

FY19 Outlook: Nirvana BEYOND Rama9-Krungthep Kreetha

Key Facts & Statistics ▪ 49% JV Project in partnership with Daiwa House Industry of Japan ▪ Project value of Bt.2,600m with 85 units of all-new Nirvana BEYOND series ▪ Official launch targeted in 1H19 Develop-for-Sales: New SDH Project

NDD

Nirvana Daiwa Development SET Digital Roadshow| 21 Mar 19
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SLIDE 29 SET Digital Roadshow| 21 Mar 19 57

9

units sold

238m

Bt. Value

FY19 Outlook: Nirvana BEYOND Udonthani

Recurring Incomes: Home Building Services – Turnkey Solution Key Facts & Statistics ▪ Turnkey Solution Project in Udonthani ▪ Project value of Bt.1,000m with 40 units of all-new Nirvana BEYOND series ▪ Official launch targeted in 1H19

TURNKEY SOLUTION

SET Digital Roadshow| 21 Mar 19
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SLIDE 30 SET Digital Roadshow| 21 Mar 19 58

FY19 Outlook: Resort Building Service at Crossroads Maldives

Recurring Incomes: Construction Services Key Facts & Statistics ▪ Hard Rock Hotel’s 20 Beach Villas fully completed ▪ Handover to project owner in Mar-19 ▪ In process of establishing a subsidiary in Maldives to capture more prefab construction service opportunities SET Digital Roadshow| 21 Mar 19
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SLIDE 31 SET Digital Roadshow| 21 Mar 19 59

FY19 Outlook: Prefabricated Park&Ride Structure

Recurring Incomes: Park&Ride Structure Key Facts & Statistics ▪ Two 6-story prefabricated building structures in Soi Chey-puang near BTS Mo-chit & MRT Chatuchak ▪ Total of 720 parking spots (360 spots per building) ▪ Park&Ride operations expected to commence in 1H19 SET Digital Roadshow| 21 Mar 19
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SLIDE 32 SET Digital Roadshow| 21 Mar 19

215.5rai

104 acres Srinakarin-Romklao Road Rattanathibet Road

35,000m

POTENTIAL PROJECT VALUE Bt. 60

7.9rai 4.5rai

3.1 acres 1.8 acres

228rai

HIGH-POTENTIAL, QUALITY ASSETS 108.9 acres

FY19 Outlook: Landbanks

SET Digital Roadshow| 21 Mar 19
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SLIDE 33 SET Digital Roadshow| 21 Mar 19

Bt.17,500m

1H19 2H19

DEVELOP FOR SALES SINGLE HOUSES CONDO TOWNHOUSE New location RECURRING INCOMES TURNKEY SOLUTIONS PARK&RIDE

FY19 Outlook: Expected Milestones

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SLIDE 34 SET Digital Roadshow| 21 Mar 19 Contact: IR@nirvanadaii.com Kanlayanee Panthong, DBA. AVP – Investor Relations +662 105 6789 x505

SET Digital Roadshow

21 March 2019

COMPANY PROFILE