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GOLDEN LAND PROPERTY DEVELOPMENT PLC Somboon Wasinchutchawal Senior Executive Vice President November 21, 2016 1 Opportunity Day Q3-2016 2016 - Vision & Mission VISION To be a leading real estate developer in residential and commercial


  1. GOLDEN LAND PROPERTY DEVELOPMENT PLC Somboon Wasinchutchawal Senior Executive Vice President November 21, 2016 1 Opportunity Day Q3-2016

  2. 2016 - Vision & Mission VISION To be a leading real estate developer in residential and commercial sectors both local and international MISSION “To be one of the top five real estate companies in Thailand in terms of revenue within 2020 ” November 21, 2016 2 Opportunity Day Q3-2016

  3. Major Shareholders As of 30 September 2016 November 21, 2016 1 Thai NVDR holds 0.68%, Bualuang Trusts 0.73% and others 14.54% 3 Opportunity Day Q3-2016

  4. Core Business Commercial Projects Residential Projects ► Single Detached House ► Office for Rent ► Town House ► Hospitality November 21, 2016 4 Opportunity Day Q3-2016

  5. COMMERCIAL PROJECTS November 21, 2016 5 Image: Sathorn Square Office Tower Opportunity Day Q3-2016

  6. Golden Land Building GOLDENLAND BUILDING LOCATION Rajadamri Road LAND 3-1-37 Rais NET RENTABLE AREA 11,231 Sqm PROJECT VALUE 340 MB FACILITIES ● 8-storey office building with over 200 car park spaces ● Accessible by BTS Chidlom and Ratchadamri Skytrain Station November 21, 2016 6 Opportunity Day Q3-2016

  7. FYI Center FYI CENTER LOCATION Rama 4 – Ratchadaphisek intersection LAND 8-3-75 Rai RENTABLE AREAS GFA 101,511 SQ.M. NFA 60,269 SQ.M. OFFICE & RETAIL GFA 89,337 SQ.M. NFA 48,095 SQ.M. HOTEL ( 239 KEYS ) GFA 12,174 SQ.M PROJECT VALUE ≈ 5,000 MB 80% Occupancy 1 55% Move-in Asking Rent: 850 THB/SQ.M. 1 From pre-lease commitment as of September 30, 2016 November 21, 2016 7 Opportunity Day Q3-2016

  8. Commercial Projects Performance Q3-2015 Q3-2016 Occupancy Rate 99% 97% Asking Rent 600 620 (THB/SQ.M.) Occupancy Rate N/A 80% Asking Rent N/A 850 (THB/SQ.M.) November 21, 2016 8 Opportunity Day Q3-2016

  9. SAMYAN MITRTOWN LOCATION Rama 4 – Sam Yan intersection LAND 13-3-93.64 Rai GFA maximum by FAR : 223,750 Sq.m. Office (35 FL) GFA 63,788 sq.m. Residence + Service Apartment GFA 36,394 sq.m. Retail & Multipurpose GFA 64,596 sq.m. 1,700 Parking Stall PROJECT VALUE ≈8,555 MB November 21, 2016 9 Opportunity Day Q3-2016

  10. SAMYAN MITRTOWN November 21, 2016 10 Opportunity Day Q3-2016

  11. HOSPITALITY PROJECTS Image: W Bangkok November 21, 2016 11 Opportunity Day Q3-2016

  12. LOCATION LOCATION LOCATION LOCATION Soi Lungsuan North Sathorn Road South Sathorn Road Rama 4 – Ratchada NUMBER OF KEYS NUMBER OF KEYS NUMBER OF KEYS NUMBER OF KEYS 164 Serviced apartment (177 keys) 239 403 (16,000 SQ.M GFA) Sky villa (132 keys) (12,174 SQ.M) (47,300 SQ.M GFA) (25,000 SQ.M GFA) PROJECT VALUE PROJECT VALUE ≈ 2,000 MB PROJECT VALUE ≈ 5,800 MB PROJECT VALUE ≈ 2,300 MB ≈ 1,000 MB %Ownership: %Ownership: 20% %Ownership: 100% %Ownership: 60% 33% in GOLDPF November 21, 2016 12 Opportunity Day Q3-2016

  13. Modena Hotel Update Business Hotel 239 keys November 21, 2016 13 Opportunity Day Q3-2016

  14. Hospitality Projects Performance Occupancy: YTD 3Q - 2015 3Q - 2016 (9M – 2016) 85% 75% 79% 85% 89% 86% 73% 92% 90% 3.5% 3.5% N/A November 21, 2016 14 Opportunity Day Q3-2016

  15. Share Profit from Associate & Joint Ventures Contributors: GOLDPF Unit : million baht 25 GVREIT listed 21 20 20 15 10 8 7 5 6 5 5 0 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016 November 21, 2016 15 Opportunity Day Q3-2016

  16. RESIDENTIAL PROJECTS November 21, 2016 16 Opportunity Day Q3-2016

  17. Product Segments Brand Price Level Segments Categories Luxury 10 – 25 MB Mid-high 7 – 10 MB Mid-mid 3.5 – 7 MB 3.5 – 4 MB 3 – 5 MB Mid-low 2 – 4 MB 2 – 5 MB November 21, 2016 17 Opportunity Day Q3-2016

  18. November 21, 2016 18 Opportunity Day Q3-2016

  19. Core Strategy and Key Drivers Core Strategy Key Drivers Good Product, Affordable Pricing Cost Effective New Segment Unique House Style New Project Concept Unique Advertisement New Features New Unique value Extra cost Extra Location Extra Functions Extra Facilities November 21, 2016 19 Opportunity Day Q3-2016

  20. Project Locations All Resident Projects Townhouse 14 Projects 1.The Grand Rama 2 (5 Projects) Single/Semi detached house 17 Projects 2.The Grand Wongwan-Prachauthit (1 Projects) 3.The Grand Pinklao (2 Projects) 4.The Grand Bangna-Wongwan (1 Projects) 3 1 Projects Total 5.Golden Prestige Watcharapol – Sukhapiban 5 6.Golden Prestige Ekachai - Wongwan 23 7.Golden Village Bangna – Kingkaew 13 8.Golden Village Onnuch – Pattanakarn 9.Golden Avenue Chaengwattana – Tiwanon NONTHABURI Don Mueang 9 International Airport 10.Golden Neo Onnuch - Pattanakarn 11.Golden Neo Rama 2 16 5 12.Golden Neo Bangna – Kingkeaw 17 13.Golden Neo Chaiyaphruek - Wongwan 14.Golden City Pinklao – Charansanitwong 15.Golden City Onnuch – Pattanakarn 3 20 16.Golden Town Rattanathibet – Bangplu 14 21 17.Golden Town Watcharapol – Sukhapiban 5 BANGKOK 8,10,15,19,20,24 18.Golden Town Suksawat - Puttha Bucha 19.Golden Town Onnuch – Pattanakarn 20.Golden Town Ladphrao – Kaset Navamin 21.Golden Town Ramkhamhaeng – Wongwan 4 Suvarnnabhumi 22.Golden Town Rama 2 International Airport 23.Golden Town Chaiyapreuk – Wongwan 18 24.Golden Town 2 Onnuch – Pattanakarn 6 7,12,25,26 25.Golden Town Bangna – Kingkeaw 1 2 26.Golden Biz Bangna – Kingkeaw 11 22 SAMUT PRAKARN SAMUT SAKORN November 21, 2016 20 Opportunity Day Q3-2016

  21. GOLD’s New Projects 2016 2016 9 Months Target Actual 12 Projects 9 Projects 12,215 MB 9,279 MB November 21, 2016 21 Opportunity Day Q3-2016

  22. Residential Project Unit : million baht Backlog 3,500 2,963 3,000 2,763 1,630 2,661 2,550 2,500 1,970 59% 2,000 Revenue 1,500 recognition 1,325 1,133 1,000 807 41% 500 0 2017 1Q-2015 2Q-2015 3Q-2015 4Q-2015 1Q-2016 2Q-2016 3Q-2016 4Q-2016 3Q-2016 4Q-2016 2017 1.as of 30 June 2016 November 21, 2016 22 Opportunity Day Q3-2016

  23. New projects in Q3/2016 Project Value : 1,086 MB Unit : 353 Presale Date : 20 – 21 August SALE PRE 583 MB 188 Units November 21, 2016 23 Opportunity Day Q3-2016

  24. New projects in Q3/2016 Project Value : 1,208 MB Unit : 168 Presale Date : 20 – 21 August SALE PRE 185 MB 25 Units November 21, 2016 24 Opportunity Day Q3-2016

  25. New projects in Q3/2016 Project Value : 665 MB Unit : 216 Presale Date : 3 – 4 September SALE PRE 665 MB 216 Units November 21, 2016 25 Opportunity Day Q3-2016

  26. 4 FINANCIAL HIGHLIGHTS November 21, 2016 26 Opportunity Day Q3-2016

  27. Financial Milestones REBUILD UNLOCKING BUILDING EXTENDING Unit: FOUNDATION VALUE GROWTH GROWTH million baht 2013 2014 2015 9M-2016 30,000 27,124 25,000 22,114 21,270 20,000 14,191 13,908 15,000 13,415 12,580 Total Assets 8,592 10,000 8,145 6,693 Total Liabilities 4,445 Total Revenue 5,000 1,594 Net Profit + 648 +937 +357 (Loss) - (454) -5,000 FYI SamYan Acquired Rebranded Center Mitrtown KLAND GOLD November 21, 2016 27 Opportunity Day Q3-2016

  28. GOLD’s Credit Rating Upgrade From: To: BBB+ BBB stable stable The upgrade reflected: • improving operating performance, driven by higher revenue from housing projects • a significant amount of cash received from GVREIT • stronger capital base after the company allocated 685.7 million newly-issued ordinary shares to FPHT • GOLD’s growing brand recognition in the residential property market November 21, 2016 28 Opportunity Day Q3-2016

  29. Financial Highlights Unit : million baht Q3-2016 9M-2016  50%  43% 2,876 8,145 YoY YoY Revenue (million baht)  153%  182% 377 937 YoY YoY Net Profit (million baht) November 21, 2016 29 Opportunity Day Q3-2016

  30. Revenue Structure Unit : million baht 9-Month Q3 42% 43% YoY YoY 9,000 Total 8,145 8,000 7,000 Total Sales of Real Estate 6,000 5,686 Other Revenues Rental and Services 5,000 4,000 Total 89% 83% 2,876 3,000 Total 2,019 2,000 88% 84% 1,000 16% 10% 16% 10% 0 3Q-2016 9M 2015 9M 2016 3Q-2015 3Q2015 3Q2016 9M2015 9M2016 November 21, 2016 30 Opportunity Day Q3-2016

  31. Compare revenue from sales of real estate Q3 9-Month Unit : million baht -Townhouse  68% YoY -Townhouse  80% YoY -House  225% YoY -House  244% YoY 8,000 Total 7,227 7,000 6,000 52% Townhouse 5,000 Single detached house 4,000 Total 3,098 Total 3,000 2,531 68% 2,000 Total 52% 51% 48% 1,155 1,000 32% 67% 48% 33% 0 9M-2015 9M-2016 3Q-2015 2Q2015 2Q2016 3Q-2016 1H2015 1H2016 November 21, 2016 31 Opportunity Day Q3-2016

  32. Compare revenue from rental and services Unit : million baht Q3 9M-2016 12% 1,000 YoY Total Total 887 783 900 4 % 800 37% 700 2 4% Other 600 Long-term Lease 7% Hospitality 500 YoY Office Space Total Total Rental 44% 400 312 290 4% 59% 300 35% 31% 200 40% 32 % 100 61% 29% 0 3Q-2015 3Q-2016 9M-2016 3Q2015 3Q2016 9M2015 9M2016 9M-2015 November 21, 2016 32 Opportunity Day Q3-2016

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