GOLDEN LAND PROPERTY DEVELOPMENT PLC Somboon Wasinchutchawal - - PowerPoint PPT Presentation

November 21, 2016 Opportunity Day Q3-2016

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GOLDEN LAND PROPERTY DEVELOPMENT PLC

Somboon Wasinchutchawal

Senior Executive Vice President

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VISION

To be a leading real estate developer in residential and commercial sectors both local and international

“To be one of the top five real estate companies in Thailand in terms of revenue within 2020”

MISSION 2016 - Vision & Mission

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Major Shareholders

1 Thai NVDR holds 0.68%, Bualuang Trusts 0.73% and others 14.54%

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As of 30 September 2016

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► Office for Rent ► Hospitality ► Single Detached House ► Town House

Commercial Projects Residential Projects

Core Business

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COMMERCIAL PROJECTS

Image: Sathorn Square Office Tower

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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

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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

FYI Center

80% Occupancy1 55% Move-in

1 From pre-lease commitment as of September 30, 2016

Asking Rent: 850 THB/SQ.M.

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Commercial Projects Performance

Q3-2015 Q3-2016 Occupancy Rate 99% 97% Asking Rent (THB/SQ.M.) 600 620 Occupancy Rate N/A 80% Asking Rent (THB/SQ.M.) N/A 850

SAMYAN MITRTOWN

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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

SAMYAN MITRTOWN

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HOSPITALITY PROJECTS

Image: W Bangkok

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

Modena Hotel Update

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Business Hotel 239 keys

Hospitality Projects Performance

3Q - 2015 3Q - 2016 YTD (9M – 2016)

85% 75% 79% 85% 89% 86% 73% 92% 90% N/A 3.5% 3.5%

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Occupancy:

Share Profit from Associate & Joint Ventures

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GOLDPF

Contributors:

Unit : million baht

7 5 6 5 8 21 20

5 10 15 20 25 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

GVREIT listed

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RESIDENTIAL PROJECTS

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Luxury Mid-high Mid-mid Mid-low Segments

Product Segments

10 – 25 MB 7 – 10 MB 3.5 – 7 MB 3.5 – 4 MB 3 – 5 MB 2 – 4 MB 2 – 5 MB

Categories Brand Price Level

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Core Strategy and Key Drivers

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Good Product, Affordable Pricing

cost value

Core Strategy Key Drivers

Unique

Extra New

Cost Effective

New Segment New Project Concept New Features Extra Location Extra Functions Extra Facilities Unique House Style Unique Advertisement

Project Locations

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BANGKOK

SAMUT PRAKARN SAMUT SAKORN NONTHABURI

All Resident Projects 1.The Grand Rama 2 (5 Projects) 2.The Grand Wongwan-Prachauthit (1 Projects) 3.The Grand Pinklao (2 Projects) 4.The Grand Bangna-Wongwan (1 Projects) 5.Golden Prestige Watcharapol – Sukhapiban 5 6.Golden Prestige Ekachai - Wongwan 7.Golden Village Bangna – Kingkaew 8.Golden Village Onnuch – Pattanakarn 9.Golden Avenue Chaengwattana – Tiwanon 10.Golden Neo Onnuch - Pattanakarn 11.Golden Neo Rama 2 12.Golden Neo Bangna – Kingkeaw 13.Golden Neo Chaiyaphruek - Wongwan 14.Golden City Pinklao – Charansanitwong 15.Golden City Onnuch – Pattanakarn 16.Golden Town Rattanathibet – Bangplu 17.Golden Town Watcharapol – Sukhapiban 5 18.Golden Town Suksawat - Puttha Bucha 19.Golden Town Onnuch – Pattanakarn 20.Golden Town Ladphrao – Kaset Navamin 21.Golden Town Ramkhamhaeng – Wongwan 22.Golden Town Rama 2 23.Golden Town Chaiyapreuk – Wongwan 24.Golden Town 2 Onnuch – Pattanakarn 25.Golden Town Bangna – Kingkeaw 26.Golden Biz Bangna – Kingkeaw

11 1 6 2 18 3 16 13 9

Don Mueang International Airport Suvarnnabhumi International Airport

17 20 21 8,10,15,19,20,24 4 7,12,25,26 22 5

Townhouse Single/Semi detached house 14 Projects 17 Projects

31 Projects Total 23 14

GOLD’s New Projects 2016

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2016

12,215 MB

12 Projects

Target

9,279 MB

9 Projects

9 Months Actual

807 1,325 2,963 2,550 1,970 2,661 2,763 1,133 1,630 500 1,000 1,500 2,000 2,500 3,000 3,500 1Q-2015 2Q-2015 3Q-2015 4Q-2015 1Q-2016 2Q-2016 3Q-2016 4Q-2016 2017

Residential Project

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Unit : million baht

1.as of 30 June 2016

Backlog

3Q-2016 4Q-2016 2017 41% 59%

Revenue recognition

New projects in Q3/2016

Project Value : 1,086 MB Unit : 353

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SALE

583 MB

188 Units

PRE

Presale Date : 20 – 21 August

New projects in Q3/2016

Project Value : 1,208 MB Unit : 168

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SALE

185 MB

25 Units

PRE

Presale Date : 20 – 21 August

New projects in Q3/2016

Project Value : 665 MB Unit : 216

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SALE

665 MB

216 Units

PRE

Presale Date : 3 – 4 September

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FINANCIAL HIGHLIGHTS

• 5,000
• 5,000

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

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Financial Milestones

Total Revenue Total Liabilities Total Assets Net Profit (Loss)

REBUILD FOUNDATION 2013 2014 UNLOCKING VALUE

Unit: million baht

2015 BUILDING GROWTH 9M-2016 EXTENDING GROWTH

(454) 1,594 6,693 +357 21,270 13,908 4,445 12,580 22,114 14,191 8,592 + 648 27,124 13,415 8,145 +937

Acquired KLAND

FYI Center

Rebranded GOLD

SamYan Mitrtown

GOLD’s Credit Rating Upgrade

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From: To:

BBB

stable

BBB+

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

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Revenue

(million baht)

Unit : million baht

9M-2016 43%

Net Profit

(million baht)

153%

YoY YoY

Financial Highlights

Q3-2016 50% 182%

YoY YoY

2,876 377 8,145 937

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 3Q2015 3Q2016 9M2015 9M2016 November 21, 2016 Opportunity Day Q3-2016

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Revenue Structure

Unit : million baht

Total 2,019 Sales of Real Estate Rental and Services Other Revenues

Q3 9-Month

3Q-2015 3Q-2016 9M 2016

Total 5,686 Total 8,145 Total 2,876

9M 2015

10% 89% 83% 16% 88% 10% 16% 84%

43%

YoY

42%

YoY

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

2Q2015 2Q2016 1H2015 1H2016

Compare revenue from sales of real estate

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Unit : million baht

Single detached house Townhouse

51% 3Q-2015

3Q-2016

52%

48%

33% 67% Total 2,531 Total 1,155

Q3

• Townhouse  68% YoY
• House 225% YoY

52% 48% 68% 32%

9M-2016 9M-2015

Total 7,227 Total 3,098

9-Month

• Townhouse  80% YoY
• House 244% YoY

Compare revenue from rental and services

100 200 300 400 500 600 700 800 900 1,000

3Q2015 3Q2016 9M2015 9M2016

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Hospitality Office Space Rental

Unit : million baht

Long-term Lease

61% 35% 29%

Q3

3Q-2015 3Q-2016

Total 312 40% Total 290

7%

YoY

Total 887 Total 783 44%

9M-2016

32% 59% 37% 9M-2016

9M-2015

12%

YoY

4%

Other

31%

4% 24%

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Financial Position

Unit : million baht

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

2013 2014 2015 30-Sep-16

Interest Bearing Debt Equity Deferred Income Other Liabilities

Total 12,580 Total 21,270 Total 27,124 Total 22,034

Interest-bearing Debt to Total Equity Total Liabilities to Total Equity 0.75 1.46 1.30 0.23 1.14 1.95 1.78 0.98

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GOLDEN LAND PROPERTY DEVELOPMENT PLC

Somboon Wasinchutchawal

Senior Executive Vice President