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THE PLATINUM GROUP PLC.,( PLAT) Performance of Q2 / 2018 1 Disclaimer The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (PLAT or the


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THE PLATINUM GROUP PLC.,(“PLAT”) Performance of Q2 / 2018

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SLIDE 2

Disclaimer

The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (PLAT or the "Company") to you solely for your reference. 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 organization or elsewhere, without the prior written consent of the Company and their respective affiliates or advisors. 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 and their respective affiliates or advisors. 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 the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees
  • r affiliates make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any
errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of
  • r solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in
connection with any contract, commitment or investment decision in relation thereto in Thailand or any other jurisdiction. Any recipient considering a purchase of securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in the final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. The information in this presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as 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 contingencies as well as various risks which are in many cases outside the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. You are cautioned not to place undue reliance on these forward looking statements. In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct any inaccuracies therein which may become apparent. None of PLAT or any of their respective affiliates or other advisors accepts any liability to any person in relation to the granting of access to, or possession of, this document in any jurisdiction.
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SLIDE 3

AGENDA

 Business Overview  Key Highlight  Financial Results  Core Business Update

  • The Platinum Fashion Mall
  • The Wharf Samui
  • The Neon Night Bazaar
  • Novotel Bangkok
Platinum Pratunam

Q&A Appendix FQA

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SLIDE 4 “ To be the leader in commercial property development sector with mixed use development to cover residential, office and hotel together with fill support for entrepreneur, social and environment by making the
  • ptimum
return to shareholders, encouraging work life balance to employees, and looking for corporate partners to achieve the sustainable growth.”

PLAT’S VISION MISSIONS

 To Support “Pratunum Trading District” development as a central strategic location for the country  To continue strengthen wholesale shopping center management in all market segments  To promote the holistic view of mixed used property development to meet business requirement for local and South East Asia  To encourage the entrepreneurship, strategic partner engagement, and responsible for social , community, environment, employees and shareholders for sustainable growth 4
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SLIDE 5

Major Shareholders

Choturangko
  • l Family,
48% Wijithanarak family, 13% Limpiviwatkul family, 8% Pongsuthima nus family, 4% Institutional Investors, 15% Others, 12% 2,800,000,000 Shares As of 2 March 2018

PLAT’S Profile

Symbol “PLAT”

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SLIDE 6 Operate Ownership Leasable Area (sq.m.) Avg Rental Rate %OCC The Platinum Fashion Mall Dec 2005 Freehold 23,087 3,184 99% Wharf Samui Jan 2015 Leasehold 5,423 655 39% Neon Night Bazaar Dec 2016 Leasehold 4,428 1,710 84% Novotel Platinum Pratunam Nov 2011 Freehold 288 keys 3,241 88%

Current Projects (As of 30 Jun 18)

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SLIDE 7 Investment value (MB) Tentative Opening Ownership Leasable Area The Market Retail Phase 1 3,400 Dec 2018 Leasehold 30 +30 Years ended 2079 28,000 sq.m. The Market Retail Phase 2 1,000 Year 2020 Leasehold 30 +30 Years ended 2079 6,700 sq.m. Office @ The Market 1,900 Year 2021 Leasehold 30 +30 Years ended 2079 38,000 sq.m. Hotel @ M3 1,300 Year 2021 Leasehold 30 +30 Years ended 2079 434 keys Hotel @ M1 1,400 Year 2021 Leasehold 30 +30 Years ended 2079 532 keys Holiday Inn Resort Samui 425 Year 2020 Freehold 127 keys Holiday Inn Express 475 Year 2020 Freehold 202 keys

Projects in pipeline (As of 30 Jun18)

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SLIDE 8

PLAT’s Revenue Snapshot

61% 19% 13% 7% Rental&Service Hotel F&B Others 8 670 1,015 1,169 1,445 1,768 1,863 2,059 998 1,047 2011 2012 2013 2014 2015 2016 2017 1H 2017 1H 2018 CAGR Revenue Growth 2011-2017 = 17% PLAT’s Revenue Portfolio
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SLIDE 9 9
  • The Concept of the Market Bangkok
  • Progress of The Market Bangkok Phase 1 (M1,M2)
  • Progress of 3 stories building
  • Progress of Holiday Inn Samui

Key Highlight

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SLIDE 10 10
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SLIDE 11 11

PROJECT PRESENTATION

(UPDATED AS OF FEB 12 2018)
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SLIDE 12 12

DEVELOPER PROFILE

CURRENT PROJECTS ON HAND FUTURE DEVELOPMENTS IN MILESTONE
  • THE WHARF SAMUI
  • Beachfront shopping plaza
in Samui island
  • TALAD NEON
DOWNTOWN NIGHT MARKET
  • More than 700 shops including tents,
trucks and containers zone
  • R WALK (BANGKOK SKYLINE)
  • Connecting big players in Ratchaprasong
and Pratunam districts together
  • HOLIDAY INN EXPRESS,
BOPHUT SAMUI (2020)
  • 202 room keys
  • HOLIDAY INN RESORT,
BOPHUT SAMUI (2020)
  • 127 room keys
WIDELY KNOWN FOR ITS DEVELOPMENT OF THE MOST SUCCESSFUL WHOLESALE DEPARTMENT STORE IN THAILAND, THE PLATINUM GROUP NEVER WISHES TO STOP ITS ACCOMPLISHMENT JUST THERE. WITH THE VISION TO BE A LEADER IN COMMERCIAL PROPERTY DEVELOPMENT, THE COMPANY CONTINUALLY MAPS OUT PROJECTS IN ITS MILESTONE WITH PRECISION AND CONFIDENCE.
  • THE PLATINUM FASHION MALL
  • 2,300 shops
  • PLATINUM FOOD CENTER
  • more than 100 food choices
  • n 2,000 sq.m.
  • NOVOTEL PLATINUM
  • 288 room keys
  • PLATINUM CONDOMINIUM
  • 320 units
  • THE MARKET BANGKOK
(2018)
  • New shopping experience
under THAI Market concept in an unquestionably unique style
  • Hotels
  • Office
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SLIDE 13 13

PROJECT LOCATION

PARKING SCB VANICH BUILDING NAI LERT PARK THANACHART BANK
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SLIDE 14 14

MASTER PLAN & ACCESSIBILITY

1 2 3 4 5 BA BANGKOK SKYL YLINE PRATU TUNAM PIER M1 M2 M3
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SLIDE 15 15 KLONG SANSAB 1 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 3 1 2 4 5 6 7 8 9 10 11 12 13 14 15 15 16 1 2 3 4 5 6 7 8 9 11 12 13 14 15 17 18 19 20 23 21 22 24 25 26 27 28 29 31 30 33 34 35 3 2 1 5 4 6 7 8 9 13 11 10 12 36 3 1 2 4 6 9 10 14 13 12 11

PROJECT SURROUNDINGS

17 32 8 10 2 16 5 7 SHOPPING MALL (27+ Bld.) 1.CENTRAL WORLD 2.BIG C RACHDAMRI 3.PLATINUM 4.GAYSORN 5.SIAM PARAGON 6.SIAM CENTER 7.SIAM DISCOVERY 8.SQ1 9.DIGITAL GATEWAY 10.MBK CENTER 11.SAIM KIT 12.ERAWAN 13.PENILSULA PLAZA 14.AMARIN 15.MERCURY VILLE 16.PORTICO 17.CENTRAL CHIDLOM 18.CENTRAL EMBASSY 19.PALLADIUM 20.TALAD NEON 21.WATERGATE PAVILLION 22.INDRA SQUARE 23.CITY COMPLEX 24.KRUNGTONG PLAZA 25.SHIBUYA 26.PANTIP PLAZA 27.GRAND DAIMOND OFFICE BUILDING (17+ Bld.) 1.THE OFFICE @ CENTRAL WORLD 2.KPI TOWER 3.SIAM COMMERCIAL BANK 4.TANACHART BANK 5.VANIT BUILDING 6.ORAKARN BUILDING 7.VANISSA I,II 8.ALMA LINK 9.MANEEYA CENTER 10.MERCURY TOWER 11.PARK VENTURE 12.CIMB 13.ALL SEASONS 14.WAVE PLACE 15.KRUNG THAI BANK HEAD OFFICE 16.PLOENCHIT CENTER 17.TWO PACIFIC PLACE HOTEL (35+ Bld.) 1.NOVOTEL PRATUNAM 2.AMARI WATERGATE 3.CENTARA GRAND 4.SIAM KEMPINSKI 5.VIE HOTEL 6.NOVOTEL SIAM SQUARE 7.PATHUMWAN PRINCESS 8.IBIS 9.HOLIDAY INN EXPRESS 10.SIAM @ SIAM 11.HUA CHANG HERITAGE 12.EVERGREEN PLACE 13.ASIA HOTEL 14.BERKLEY PRATUNAM 15.CENTARA WATERGATE PAVILLION 16.ARNOMA GRAND 17.INTERCONTINENTIAL 18.HOLIDAY INN 19.GRAND HYATT ERAWAN 20.RENAISSANCE 21.COURTYARD BY MARRIOTT 22.ANATARA SIAM 23.HANSAR 24.ST. REGIS 25.208 WIRELESS 26.CONRAD HOTEL 27.HOTEL INDIGO 28.PLAZA ATHENEE 29.NOVOTEL PLOENCHIT 30.SIVATEL BANGKOK 31.JW MARRIOTT 32.AMARI BOULEVARD 33.LANDMARK 34.ADLIB 35.OKURA BANGKOK CONDOMINIUM (13+ Bld.) 1.MANHATTAN CHIDLOM 2.CHIDLOM PLACE 3.THE ADDRESS CHIDLOM 4.THE PARK CHIDLOM 5.SOMKID GARDENS 6.MAGNOLIA 7.RAJDAMRI SERVICED RESIDENCE 8.ROYAL PLACE 2 9.BAAN SANSIN 10.URBANA LANGSUAN 11.GRAND CENTER POINT 12.ALL SEASONS MANSION 13.FRASER SUITE GOVERNMENT OFFICE/ ACADEMIC / OTHERS (14+ Bld.) 1.CHULALONGKORN UNIVERSITY 2.PATHUMWAN DEMONSTRATION SCHOOL 3.TRIAM UDOM SUKSA SCHOOL 4.SPORT CLUB 5.SMALL ANIMAL TECHING HOSPITAL CHULA 6.POLICE HOSPITAL 7.ROYAL THAI POLICE 8.NATIONAL STADIUM 9.PATHUMWANNARAM TEMPLE 10.BANGKOK ART AND CULTURE CENTER 11.MATROPOLITAN ELECTRICITY AUTHORITY 12.BRITTISH EMBASSY 13.THE EMBASSY OF SWITZERLAND 14.BAMRUNGRAD INTERNATIONAL HOSPITAL
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SLIDE 16 16 THE MARKET

CATCHMENT AREA

1.5 KM. 5 KM. HUAI KHWANG 80,735 PEOPLE 52,164 HOUSEHOLDS WATTHANA 84,214 PEOPLE 56,530 HOUSEHOLDS KLONG TOEI 106,233 PEOPLE 57,872 HOUSEHOLDS PATHUM WAN 50,673 PEOPLE 26,513 HOUSEHOLDS RATCHATHEWI 73,597 PEOPLE 39,183 HOUSEHOLDS DINDANG 125,964 PEOPLE 52,426 HOUSEHOLDS PAYATAI 71,864 PEOPLE 36,033 HOUSEHOLDS BANG RAK 46,777 PEOPLE 26,398 HOUSEHOLDS DUSIT 101,576 PEOPLE 31,751 HOUSEHOLDS POMPRAPSATRUPAI 48,585 PEOPLE 19,334 HOUSEHOLDS PRANAKORN 53,899 PEOPLE 18,468 HOUSEHOLDS SUMPANTAWONG 25,694 PEOPLE 13,267 HOUSEHOLDS KLONG SAN 74,796 PEOPLE 35,127 HOUSEHOLDS Source: Department of Provincial Administration 2014 More than 1.31 million people have been living within project’s catchment area of 5 km radius. This tremendous number covers 17 Bangkok districts, where the residents shall undoubtedly be the project’s high potential customers.
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SLIDE 17 17

TRAFFIC INFORMATION

An ideal location of transportation hub that can easily be accessed by many kinds of transportation namely CAR, BUS, BOAT, BTS and SKYWALK. This is followed by tremendous numbers of potential visitors everyday. SKYWALK

CAR & PUBLIC BUS BOAT SERVICE BTS SKYTRAIN CITY SKYWALK PRATUNAM PIER

NO.1 VISITATION NUMBER OF ALL PIERS IN 2016. MORE THAN 5,300,000 PAX/YEAR OR 14,000 PAX/DAY SOURCE: Marine Department 2016

BTS : CHIDLOM STATION

TOP 10 MOST VISITATION NUMBER STATIONS IN 2016. MORE THAN 15,370,000 PAX/YEAR OR 42,000 PAX/DAY SOURCE: VGI (Mar, 2014)

R WALK (BANGKOK SKYLINE)

600,000 : A VISITATION NUMBER PER DAY ON RAJPRASONG DISTRICT, WITH MORE THAN 100,000 PEOPLE PER DAY USING R-WALK WHICH LEADS DIRECTLY TO THE MARKET BANGKOK SOURCE: RSTA 2018

RAJDAMRHI, PETCHBURI & CHIDLOM RD.

ONE OF THE MOST CAR TRAFFIC COUNTING ROADS IN BANGKOK 150,000 : A TOTAL CAR TRAFFIC COUNTING PER DAY ON THE PROJECT’S SURROUNDING MAIN ROADS SOURCE: THE OFFICE OF BANGKOK TRAFFIC & TRANSPORT DEPARTMENT 2015
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SLIDE 18 18

TARGET VISITORS

OFFICE WORKERS & STUDENTS RESIDENTS LOCAL THAIS

FOREIGN TOURISTS

A complete EVERYDAY shopping & dinning venue in the heart of Bangkok A GATHERING welcoming place for family & friends An enjoyable place with various kinds of food, activities and trendy merchandises at AFFORDABLE price A MUST VISIT destination whenever visiting Bangkok. This place will offer a UNIQUE EXPERIENCE like no others
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SLIDE 19 19

INTERNATIONAL TOURIST INFORMATION

WORLD’S TOP TOURISM DESTINATIONS Thailand jumped from 9th to 6th place in tourism receipts in 2015 USA UK Russia Japan Korea Europe AEC China 0.86mil 0.89mil 0.93mil 1.31mil 1.33mil 5.39mil 7.78mil 8.22mil India 1.00mil +12.32% +6.52% +22.78% +11.42% +4.31% +8.08% +10.52% +10.00% +12.65% TOP 9 NATIONALITIES OF VISITOR TO THAILAND January – November (comparing 2015 to 2016) NUMBER OF VISITOR ARRIVALS TO THAILAND January – November (comparing 2015 to 2016) 2016 : 29.53 mil 2015 : 26.90 mil 9.78% Rank US ($) Rank US ($) Rank US ($) 1) US 204.5bil 4) France 45.9bil 7) Italy 39.4bil 2) China 114.1bil 5) UK 45.5bil 8) Germany 36.9bil 3) Spain 56.5bil 6) Thailand 44.6bil 9) Hong Kong 36.2bil Source: Data as collected by UNWTO, July 2016 Source: Department of Tourism Source: Department of Tourism WORLD’S TOP 10 MOST VISITED CITIES IN 2016 BANGKOK became Number 1 Asian city for second consecutive year to top the MasterCard Global Destination Cities Index, edging out London and other top three feeder cities; namely, Paris, Dubai and New York. Source: Forbes and Traveler
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SLIDE 20 20

PROJECT CONCEPT

“The Market Bangkok” : All in one destination with an excellent combination of function and emotion of remarkable Bangkok’s market experiences,
  • ffering a sensational touch that has never been happened ever before. This concept will truly fulfill customer satisfaction, whether they are Local Thais or
Foreign Tourists. This will strongly lead “The Market Bangkok” to be an ultimate outstanding venue and a must visit destination which thrives beyond
  • thers in the district.
JATUJAK YAOWARAT (CHINA TOWN) SAMPENG PHAHURAT AOR TOR KOR PAK KLONG WANG LANG THA TIEN SUEAPA / WANG BURAPA TRAIN NIGHT MARKET PRATUNAM SIAM SQUARE

“EVERYDAY MARKET FOR EVERYONE’S LIFESTYLE”

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SLIDE 21 21

PROJECT IDENTITY & UNIQUENESS EVERYDAY EVERYONE EXPERIENCE AFFORDABLE REPEATING PHOTO PHOTO PHOTO

1 5 2 3 4

Whether it’s a daily activity, a special
  • ccasion, or a quick
grab meal, you can always come to the Market Bangkok. We have thoroughly zoned
  • ur merchandises and
activities which will absolutely be easy for
  • ur customers to
experience. Varieties of products and activities are ready to serve our customers at all ages, genders,
  • ccupations and
  • nationalities. Whether
you come to the Market Bangkok with your friends, family or even alone, you’ll never be disappointed. Certainly not just a traditional mall, the Market Bangkok will provide our customers with a remarkable experience of Thai culture through its unique concept and design. Green area with exceptional landscape and decoration will surely be served. You will have a splendid time with our different activities and merchandises only handpicked for our customers. We do not need to spend large amount of money in order to get good meals, good goods, or have a good
  • time. Selection of
food/products/activities with a reasonable price is the key, and we have chosen to provide all for you here. An extraordinary experience and satisfaction customers will have at the Market Bangkok will draw their mind of wanting to come back. Additionally, with its friendly atmosphere, the Market Bangkok can be a second home for you where you will never be bored but happy and joyful to spend your time at.
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SLIDE 22 22

PROJECT INFORMATION

THE MARKET PROJECT INFORMATION PROJECT OWNER: The Platinum Group PLC. LOCATION: Ratchadamri Road (Bangkok Downtown) LAND AREA : 20 Rais., (approx.) PROJECT TYPE: Mixed-Use Development Shopping Center, Hotel & Office Building TARGET CUSTOMERS : Office Workers, Students, Residents, Local Thais &Tourists GROSS BUILDING AREA (GBA) : 200,000 Sq.m. (approx.) (Excluding Hotel & Office) GROSS LEASABLE AREA (GLA) : 40,000 Sq.m. (approx.) (M1+M2=34,000 Sq.m., M3=6,000 Sq.m.) PARKING LOTS : 2,000 Cars (approx.) NUMBER OF FLOOR : 6 Retail Floors OPENING DATE : Q4,2018
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SLIDE 23 23

PROJECT COMPONENTS

A perfectly ideal combination of mixed use project in downtown of Bangkok. It will be the ultimate destination for all visitors across the world as well as Local Thais, where satisfaction and needs will be fulfilled and completed under this one roof.

SHOPPING CENTER

M1 M2 2018, M3 2020 M1+M2 = 34,000 SQ.M. (approx.) M3 = 6,000 SQ.M. (approx.)

OFFICE BUILDING 2021

50,000 SQ.M (approx.)

HOTEL BUILDINGS 2021

966 KEYS (approx.)

SKYWALK MAIN ROAD

c c M1 M3 M2 c HOTEL 1 HOTEL 2 OFFICE SHOPPING CENTER
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SLIDE 24 24
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SLIDE 25 EXPERIENCED LOCAL STREET FOOD & TAKEAWAY URBAN QUICK MEAL EATERY LIFESTYLE CAFE

FASHION & ACCESSORIES FASHION & ACCESSORIES

SPECIALTY STORE

RESTAURANT

M3 M2

RAJDHAMRI ROAD BANGKOK SKYLINE DECORATIVE ITEMS COSMETIC & SKIN CARE BANK

4F

LOCAL WISDOM SOUVENIR

RETAIL FLOOR CONCEPT M1

3F 2F 1F GF MF

EXPERIENCED THAI CONCEPT STORE & BEAUTY MEGA STORE EXPERIENCED THAI CONCEPT STORE & BEAUTY MEGA STORE

WELLNESS & VITALITY

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SLIDE 26 26

EXTERIOR PERSPECTIVE

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 27 27

EXTERIOR PERSPECTIVE

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 28 28

EXTERIOR PERSPECTIVE

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 29 29

INTERIOR PERSPECTIVE G FLOOR : LIFESTYLE CAFE

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 30 30

INTERIOR PERSPECTIVE G FLOOR : LIFESTYLE CAFE

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 31 31

INTERIOR PERSPECTIVE M FLOOR : FASHION & ACCESSORIES

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 32 32

INTERIOR PERSPECTIVE M FLOOR : FASHION & ACCESSORIES

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 33 33

INTERIOR PERSPECTIVE M FLOOR : FASHION & ACCESSORIES

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 34 34

INTERIOR PERSPECTIVE M FLOOR : FASHION & ACCESSORIES I PROMOTION AREA I

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 35 35

INTERIOR PERSPECTIVE 1ST FLOOR : FASHION & ACCESSORIES

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 36 36

INTERIOR PERSPECTIVE 1ST FLOOR : FASHION & ACCESSORIES

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 37 37

INTERIOR PERSPECTIVE 2ND FLOOR : SOUVENIRS, DECORATIVE ITEMS, COSMETIC & SKIN CARE, SPECIALTY STORE, BANKS

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 38 38

INTERIOR PERSPECTIVE 3RD FLOOR : RESTAURANT

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 39 39

INTERIOR PERSPECTIVE 3RD FLOOR : RESTAURANT

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 40 40

INTERIOR PERSPECTIVE 3RD FLOOR : RESTAURANT

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 41 41

INTERIOR PERSPECTIVE 4TH FLOOR : WELLNESS & VITALITY

SUBJECT TO CHANGE & AUTHORIZATION
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SLIDE 42

The Market Bangkok (Retail PHASE 1) Construction Update

42
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SLIDE 43 As of 30 Jun 2018

The Market Bangkok Retail Phase 1

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SLIDE 44 44

The Market Bangkok Retail Phase 1

Overall Progress = 85% Paid :3,121 MB Opening : November 2018 As of End of July 2018
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SLIDE 45 45

The Market Bangkok Retail Phase 1

As of 30 Jun 2018
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SLIDE 46

The Market Bangkok Retail Phase 1

As of 30 Jun 2018 46
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SLIDE 47 As of 30 Jun 2018

The Market Bangkok Retail Phase 1

47
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SLIDE 48 As of 30 Jun 2018

The Market Bangkok Retail Phase 1

48
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SLIDE 49 A2-001 A2-002 As of July 2018

3 Stories Building (Back of Platinum Fashion Mall)

Overall progress = 80% Opening : Q3/2018 49
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SLIDE 50

The Market Bangkok (Retail PHASE 1) Sale Progress Update = 65%

50
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SLIDE 51 51 Example of confirmed tenants
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SLIDE 52 52 Example of confirmed tenants
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SLIDE 53 53 Holiday Inn Express Holiday Inn Resort

Hotel projects in Samui

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SLIDE 54 23,087 23,087 23,087 23,087 23,087 5,423 5,423 5,423 5,423 5,423 4,428 4,428 4,428 4,428 4,428 28,000 28,000 34,700 34,700 38,000 2017 2018 2019 2020 2021 Platinum Fashion Mall The Wharlf Samui Neon Night Bazar Retail@The Market Office @the Market

Expansion Plan –Rental & Service

Rental & Service Business ( Sq.m. Leasable Area) Y2017 32,938 Y2019 60,938 Y2018 60,938 Y2021 105,638 Y2020 67,638 54
  • In Q4/18, The leasable area from Rental &Service business will increase from 32,938 sq.m. to 60,938
sq.m. (+85%).
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SLIDE 55

Expansion Plan- Hotel

Hotel Business (Keys) 288 288 288 288 288 127 127 202 202 434 532 2017 2018 2019 2020 2021 Novotel BKK Holiday Inn Resort samui Holiday Inn Express Samui Hotel M3 Hotel M1 Y2017 288 Y2019 288 Y2018 288 Y2021 1,583 Y2020 617 55
  • In year 2020, there will be 329 additional keys from Holiday Inn Samui.
  • In year 2021, there will be another 2 hotels in The Market Bangkok project with 966 keys from Hotel on M1
and M3 Building.
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SLIDE 56 2021

5 Year Plan Capital Expenditure

568 467 2170 526 599 69 13 19 125 1055 1580 808 29 283 1027 563 581 515 2,295 1,864 3,206 1,440 BEFORE 2017 2017 2018 2019 2020 2021 FIXED ASSET INVESTMENT (MB) Retail Hotel Office TOTAL 2020 2018-2019 2015-2017 32,938 Sq.m. 288 Hotel Keys 60,938 Sq.m. 288 Hotel Keys 67,638 Sq.m. 617 Hotel Keys 105,638 Sq.m. 1,583 Hotel Keys 56
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SLIDE 57

Financial Result Q2/2018

57
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SLIDE 58 69 166 250 438 630 704 772 185 198 203 203 199 2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 272 432 503 719 950 1,043 1,171 278 293 321 301 297 2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 +19 MB, +7%YoY

Financial Summary

Revenue 670 1,015 1,169 1,445 1,768 1,863 2,059 500 517 545 531 517 2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Unit :Million Baht EBITDA Net Profit EBITDA Margin Net Profit Margin
  • 58 -
41% 43% 43% 50% 54% 10% 16% 21% 30% 36% 38% 56% 38% 57% 57% 37% 59% 38% Overview 37% 37% 57% 56% +14 MB, +8%YoY +17 MB, +3% YoY 38% 58%
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SLIDE 59 59% 20% 13% 8% 670 1,015 1,169 1,445 1,769 1,863 2,059 2011 2012 2013 2014 2015 2016 2017 Rental and Services Hotel Business Food and Beverage Others Note: Revenue from hotel business includes both room revenue and Novotel F&B revenue Unit : Million Baht

Revenue Breakdown

500 517 517 531 517 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Rental and Services Hotel Business Food and Beverage Others 62% 14% 6% 60% 19% 13% 8% 61% 57% 39% 3% 43% 28% 25% 4% 45% 26% 24% 5% 63% 17% 16% 4% 59% 13% 19% 9% 1% 20% 13% 5% 59% 13% 20% 8%
  • 59 -
Key Highlights Financial Highlights Business Overview Future Projects 62% 12% 21% 5% 65% 13% 19% 3% +17 MB, +3% YoY 18%
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SLIDE 60 296 454 582 836 992 1,068 1,213 289 298 338 323 319 2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 64% +30 MB, +10% YoY Gross profit Margin 63% 62% 62% 66%

Gross Profit from Core Business

46% 47% 52% 60% 61% 62%
  • 60 -
62% Unit : Million Baht
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SLIDE 61 46 52 64 62 51 181 209 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 2016 2017 Unit :Million Baht

Core Business

226 231 259 247 253 837 941 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 2016 2017 Gross Profit from Rental Business Gross Profit from Hotel Business Gross profit Margin 75% 76% 75% Gross Profit from Food & Beverage Business Gross profit Margin 56% 50% Gross profit Margin 22% 20% 24% 53% 73% 74% +27 MB, +12% YoY 52% 25% 23%
  • 61 -
77% 52% 57% 25% 17 15 16 14 15 50 63 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 2016 2017 +5 MB, +11% YoY 76% 53% 24%
  • 2 MB,
  • 12 % YoY
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SLIDE 62 62
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SLIDE 63 Business Type The Biggest whole sale and retailing fashion shopping mall
  • ver 2,600 shops where had opened since November 2005

The Platinum Fashion Mall

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SLIDE 64 2,974 3,101 3,080 3,098 3,153 3,183 3,184 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Occupancy Rate Rental Rate

The Platinum Fashion Mall

Baht per sq.m. per month
  • 64 -
+104 Baht, +3% YoY 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 98% 98% 98% 98% 99% 98% 99%
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SLIDE 65

The Platinum Fashion Mall

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SLIDE 66 Breakdown by Category As of 30 June 2018 As of 30 June 2018

The Platinum Fashion Mall

By Area By Shop
  • 66 -
Fashion clothes and accessorie s 67% Storage 15% restuarants 9% Banks 3% Services 4% Others 2% Fashion clothes and accessories 75% Storage 15% restuarants 3% Banks 1% Services 3% Others 3%
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SLIDE 67 Breakdown of Unearned Rental Income Note : The proportion is calculated base on leasable area in both buildings of The Platinum Fashion Mall. Breakdown of Tenant term As of 30 June 2018 As of 30 June 2018

The Platinum Fashion Mall

  • 67 -
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SLIDE 68

The Platinum Fashion Mall

  • 68 -
As at 30 June 2018 (Only Unit and Area) Rental Unit Occupied Area Sq.m. Avg.Rental Q2/2018 Rental Space 760 9,339 5,458 GP Sharing 17 1,337 2,802 Storage 306 3,797 1,146 1+3 Yrs. 1,083 14,473 4,081 10 Yrs 749 8,241 1,607 Total 1,832 22,714 3,184 Occupancy 98.5% Contract Expiration (No. of contracts) Expired in 2018 Expired in 2019 Expired in 2020 Onward 1-3 Yrs 872 110 12 10 Yrs 749 Total 872 110 761
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SLIDE 69 69
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SLIDE 70 Business Type The first beachfront community mall in Samui Island with the vintage architecture in the combination of the western and eastern styles targeting to Thai and Foreign tourists.

The Wharf Samui

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SLIDE 71 511 546 557 537 545 645 655 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Occupancy Rate Rental Rate

The Wharf Samui

Baht per sq.m. per month
  • 71 -
+98 Baht, +18% YoY 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 62% 57% 57% 54% 55% 39% 39%
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SLIDE 72

The Wharf Samui

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SLIDE 73 73
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SLIDE 74 Business Type New shopping destination in the center of Bangkok gathered with various delicious food and more than 585 shops, 24 containers and 28 mini-shops in the comfortable atmosphere.

The Neon Night Bazaar

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SLIDE 75 973 1,392 1,254 1,346 1,711 1,633 1,710 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Occupancy Rate Rental Rate

The Neon Night Bazaar

Baht per sq.m. per month
  • 75 -
Appendix + 456 Baht, + 36% YoY 2016* 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 95% 70% 62% 57% 82% 86% 84% *Note : Open in Dec 2016
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SLIDE 76 Neon Downtown Night Market 76
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SLIDE 77

Novotel Bangkok Platinum Pratunam

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SLIDE 78 Objective To compliment the Platinum Fashion Mall business as it provides the hospitality services to those visiting The Platinum Fashion Mall

Novotel Bangkok Pratunum

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SLIDE 79 Occupancy Rate Average Room Rate RevPar

Novotel Bangkok Platinum Pratunam

87% 88% 82% 90% 90% 94% 88% 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
  • 79 -
+ 234 Baht, + 9% YoY + 69 Baht, + 2% YoY
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SLIDE 80 Distribution Channel As of Q2/18 Guest Nationality As of Q2/18
  • 80 -
Appendix Online Agent Booking 49% Accor website 21% [CATEGORY NAME] [PERCENTAG E] Contraced Corporate 3% Business Group 2% Group Tour 1% Others 6% Singapore 35% Malaysia 9% Indonesia 15% India 7% Philippines 6% China 4% Vietnam 3% HongKong 2% Myanmar 2% Others 17%

Novotel Bangkok Platinum Pratunam

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SLIDE 81 Commercial Property

Existing Group Business

Hotel Business
  • 81 -
Other Business
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SLIDE 82

Q&A

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SLIDE 83

Appendix

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SLIDE 84

Quarter 2/2018 Consolidated Income Statement

UNIT : MB Q2/17 Common Size Q2/18 Common Size % Change Revenue and Services income 308 62% 334 65% +8.4% Revenues from hotel operations 89 18% 97 19% +9% Revenues from F&B 69 14% 66 13%
  • 4.3%
Other income 34 6% 20 3%
  • 41.3%
TOTAL REVENUES 500 100% 517 100% +3.4% Cost of rental and services 82 16% 81 16%
  • 1.2%
Cost of hotel operation 43 9% 46 9% +7% Cost of F&B sales 52 10% 51 10%
  • 1.9%
SG&A 89 18% 86 16%
  • 3.4%
TOTAL EXPENSES 266 53% 264 51%
  • 0.7%
OPERATIONAL PROFIT 233 47% 253 49% +8.1% Income tax expenses 48 10% 54 10% +10.2% NET PROFIT 185 37% 199 38% +7.6% EPS (Baht/share) 0.07 0.07 84
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SLIDE 85

H2/2018 Consolidated Income Statement

UNIT : MB H1/17 Common Size H1/18 Common Size % Change Revenue and Services income 614 62% 662 63% +7.8% Revenues from hotel operations 183 18% 207 20% +13% Revenues from F&B 132 13% 131 13%
  • 1%
Other income 68 7% 47 4%
  • 31%
TOTAL REVENUES 997 100% 1,047 100% +5% Cost of rental and services 162 16% 162 15% 0% Cost of hotel operation 90 9% 94 9% +4% Cost of F&B sales 102 10% 100 10%
  • 2%
SG&A 175 18% 180 17% +3% TOTAL EXPENSES 529 53% 536 51% +1% OPERATIONAL PROFIT 468 47% 512 49% +9% Income tax expenses 97 10% 110 10% +13% NET PROFIT 371 37% 402 38% +8% EPS (Baht/share) 0.13 0.14 85
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SLIDE 86

Quarter 2/2018 Consolidated Financial Position

UNIT : MB Year 2017 31 Mar 2018 30 June 2018 Cash & Cash equivalents &Current Investment 5,472 5,455 4,854 Trade and Other receivables 43 45 35 Other Current Assets 75 99 136 Total Current Assets 5,590 5,599 5.025 Investment Properties 3,418 3,743 3,963 Property, Plant and equipment 1,171 1,156 1,152 Intangible Assets 252 247 242 Other non-current Assets 60 72 82 Total Non-current Assets 4,901 5,218 5,438 TOTAL ASSETS 10,491 10,817 10,464 86
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SLIDE 87

Quarter 2/2018 Consolidated Financial Position

UNIT : MB Year 2017 31 Mar 2018 30 Jun 2018 Trade and other payables 431 483 477 Current portion of unearned rental income 165 164 165 Short-term deposits of rental income 204 205 206 Other current liabilities 129 176 140 Total current liabilities 929 1,028 988 Unearned rental income, net of current portion 395 356 316 Other non-current liabilities 432 496 584 Total non-current liabilities 827 852 900 TOTAL LIABILITIES 1,756 1,880 1,888 TOTAL SHAREHOLDERS’EQUITY 8,735 8,937 8,576 TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY 10,491 10,817 10,464 87
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SLIDE 88

FAQ

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SLIDE 89 89
  • 1. What are leasable area of Retails both in Phase 1 and Phase 2
ANS Retail Phase 1 : M1,M2 Building have Net Leasble Area (NLA) of 28,000 Sq.m. Retail Phase 2: M3 Building has Net Leasable Area (NLA) of 6,700 Sq.m.
  • 2. How much for Capital Expenditure on whole Project
ANS Total Projects which include Retail phase 1, phase 2, Office Building and 2 Hotels with 966 keys have investment value of THB 8,900 Million
  • 3. How much for Rental Rate of the retail space at the Market?
ANS Average rental rate should not below 2,000 Baht/Sq.m.
  • 4. How much income that will be generated from The Market Project Phase 1 if operating full year.
ANS Approximately 800-1000 MB
  • 5. Please explain about Hotel above M1/M2 bldg. and M3 Bldg
ANS Both are under International Chain with 3.5 star Hotel (M1/M2)- 532 keys Target on teenager Opening in year 2021 Hotel (M3)- 434 keys Target on family --> Opening in year 2021
  • 6. What is the Capex for project Investment planning during 2018-2023?
ANS 568 467 2170 526 599 69 13 19 125 1055 1580 808 29 283 1027 563 581 515 2,295 1,864 3,206 1,440 BEFORE 2017 2017 2018 2019 2020 2021 FIXED ASSET INVESTMENT (MB) Retail Hotel Office TOTAL FQA
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SLIDE 90 90
  • 7. What is the proportion of large/small shops?
ANS From total net leasable area of 28,000 Sq.m, Floor M,1 (Small shops) accounts for 33% or 9,240 sq.m Floor G,2,3,4(large shops) accounts for 67% or 18,760 sq.m
  • 8. What is the Concept of M3 (Expansion Phase 2)?
ANS JV with big name Anchor + International restaurant
  • 9. Will pre-operating Expense from Opening the Market in Q4/18 will impact net profit?
ANS PLAT forecasted Net Profit stand at the same level as in 2017. Even there will be operating expense but the Market will generate increasing revenue in year 2018.
  • 10. When SG&A Expense for The Market project will be charged?
ANS The Market will recruit approximate 100 staffs since Sep 18. Marketing campaign to promote the Market will be launched in 2019 onwards.
  • 11. The difference of The Platinum Fashion Mall VS The Market Bangkok
ANS The Platinum Fashion Mall focus on Wholesale. The Market Bangkok focus on Retail (Design &Unique). FQA
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SLIDE 91

Thank You

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