November 29, 2019 Disclaimer The information contained in this - - PowerPoint PPT Presentation
November 29, 2019 Disclaimer The information contained in this - - PowerPoint PPT Presentation
3Q2019 Financial Performance November 29, 2019 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
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
- f its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or 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 or solicitation or invitation
- f 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
- utside 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.
AGENDA
PLAT @ a glance Industry Update 3Q2019 Financial Performance Going Forward Appendix
FR FR
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 optimum return to shareholders, encouraging work life balance to employees, and looking for corporate partners to achieve the sustainable growth.
- To Support “Pratunum Trading District” development as a central strategic location for the country.
- To continue strengthen wholesale and retail 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.
- To develop personnel potentiality in preparation for business expansion and encourage the employees to align with the business engagement
strategy and the encouraging the novelty or new ideas to generate new innovation.
Our Mission
4
Choturangkool Family 47% Wijithanarak Family 10% Limpiviwatkul Family 8% Institutional Investors 8% Others 27%
Major Shareholders 2,800,000,000 Shares
At a Glance
Symbol PLAT
Industry Property & Construction Market cap. 13,160 MB (as of 8 November 2019) Sector Property development Par value Baht 1
- No. of share
2,800,000,000 First day trading in SET 24 March 2015 % Free float 34.10% % Thai institutional shareholders 99% % Foreign institutional shareholders 1% % NVDR 3% Dividend policy At least 40% of the net profit after tax deductions and legal reserves of separate financial statement
as of 9 September 2019
5
FR FR
Diversified Business Portfolio
Well mixed with synergy support to each others
Our Core Business
- 1. Rental & Services
- 2. Hotel
- 3. Food & Beverage
- 4. Office Building
The Platinum Fashion Mall, The Market Bangkok, The Neon Night Bazaar, and The Wharf Samui Current project: Novotel Bangkok Platinum Hotel Future projects: Holiday Inn Resort, Holiday Inn Express, Moxy, Fairfield Food Center on the 6th floor, The Platinum Fashion Mall Future project on the top of The Market Bangkok
6
FR FR
Upcoming projects: 4 Hotels 1 Office Building 1 Retail Market
Prime locations D/E = 0.3 Tenants supports
Our Strengths
Growth Company
RECURRING INCOME
7
Ratchaprasong - Pratunam
FR FR
Investment value (MB)
2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23
Holiday Inn Resort Samui
425
Holiday Inn Express Samui
475
The Market Retail Phase II
1,000
Moxy Hotel @ M1
1,400
The Platinum Tower @ M2
1,900
Fairfield Hotel @ M3
1,300
Total Project @ Samui
900
Total Mixed- use Project
5,600
Total
6,500
Project Timeline
Rent & Services Business Office Building Business Hotel Business 434 keys, leasehold 30+30 year end 2079 532 keys, leasehold 30+30 year end 2079 202 keys, freehold 127 keys, freehold Net area 38,000 sq.m., leasehold 30+30 year end 2079 6,700 sq.m., leasehold 30+30 year ended 2079
8
The Market Bangkok Ratchaprasong Mixed-used Project
Moxy Fairfield The Platinum Tower
The Market M1 M2 The Market M3
FR FR
Expansion Plan
288 288 288 288 127 127 202 202 532 434 2018 2019 2020 2022
Hotel Business (No. of keys)
Novotel Platinum Holiday Inn Resort Samui Holiday Inn Express Samui Moxy @ M1 Fairfield @ M3
23,410 23,410 23,410 23,410 5,423 5,423 5,423 5,423 4,353 5,757 5,757 5,757 30,827 34,700 38,000 2017 2018 2019 2023
Rental & Services Business (Leasable area sq.m.)
The Platinum Fashion Mall The Wharlf Samui The Neon Night Bazzar The Market Bangkok The Platinum Tower (office)
Y2017 33,186 Y2018 34,590 Y2019 65,417 Y2023 107,290 Y2018 288 Y2019 288 Y2020 617 Y2023 1,583
- In 2020, 329 additional keys from Holiday Inn and Holiday Express
- In 2023, 966 additional keys from 2 hotels at The Market Bangkok Project
(Moxy Hotel on M1 and Fairfiled Hotel by Marriott on M3 Building)
- December 2018, The Neon Phase II add leasable area of 1,344 sq.m.
- February 2019, The Market Phase I add leasable area of 30,827 sq.m.
10
FR FR
1,141 1,145 792 1,716 1,248 2,854 622
BEFORE 2018 2018 2019 2020 2021 2022 2023
Five-Year Capital Expenditures Plan
- Project Investments
32,938 sq.m. 288 keys 62,282 sq.m. 288 keys 62,282 sq.m. 617 keys 106,982 sq.m. 1,583 keys 34,282 sq.m. 288 keys 2015-2017 2018 2019 2020 2021 onwards
2019 Capital Expenditure Spending 486 MB 248 MB 22 MB
11
unit: MB
FR FR
Five-Year Capital Expenditures Plan
Current Projects Start operating Land ownership Leasable area (sq.m.)
- Ave. rental rate
- Occ. rate
The Platinum Fashion Mall December 2005 Freehold 23,410 3,073 97% Novotel Platinum Pratunam November 2011 288 keys 3,397 94% The Wharf Samui January 2015 Leasehold 5,423 386 27% The Neon Night Bazaar Phase I: Dec 2016 Phase II: Dec 2018 5,757 1,766 74% The Market Bangkok Retail Phase I: Feb 2019 30,827 539 73% Projects expansion pipeline Investment value (MB) Tentative opening Land ownership Leasable area (sq.m.) Holiday Inn Resort Samui 425 3Q2020 Freehold 127 keys Holiday Inn Express Samui 475 202 keys The Market Retail Phase II 1,000 2Q2023 Leasehold 30 + 30, year ended 2079 6,700 Moxy Hotel by Marriot @ M1 1,400 4Q2022 532 keys The Platinum Tower @ M2 1,900 38,000 Fairfield Hotel by Marriot @ M3 1,300 1Q2023 434 keys
- Wholesales and Mixed–Used Properties: 3Q2019
12
Macroeconomics & Related Industries
Tourism & Retail
FR FR
Thai GPD Growth (%YoY)
0.8% 2.9% 3.3% 4.0% 4.1% 2.7%-3.2% 3.2% 3.6% 2.8% 2.3% 2.4%
0% 2% 4% 6% 2014 2015 2016 2017 2018 2019 (f) 3Q18 4Q18 1Q19 2Q19 3Q19
Private Consumption (%YoY)
0.6% 2.2% 3.0%3.0% 4.6%4.2% 5.2%5.4%4.9% 4.6% 4.2%
0% 2% 4% 6% 8% 2014 2015 2016 2017 2018 2019 (f) 3Q18 4Q18 1Q19 2Q19 3Q19
14
Thai Economic Performance
The Thai economy in the third quarter of 2019 expanded by 2.4% gradually recovering from 2.3% in the previous
- quarter. Private consumption expenditure expanded by 4.2%, continuing from a 4.6% growth in the previous quarter.
The expansion was in line with the expansion of key indicators especially index of imported textile and clothing with growth rates of 5.0%, compared to 4.0% in the previous quarter.
Source: NESDB Source: NESDB
FR FR
Tourism Industry
24.8 29.9 32.5 35.6 38.2 39.7 1.17 1.46 1.63 1.82 1.87 1.95
- 10
- 6
- 2
2 10 20 30 40 50
2014 2015 2016 2017 2018 2019 (f) No.of foreign tourist (million people) Tourist receipt (Trillion Baht) Source: Tourism Authority of Thailand (“TAT”), Tourism Council of Thailand
15
According to Tourism Council of Thailand, tourism this year is not matching up to expectations due mainly to the appreciation
- f Thai Baht and the trade war between the US and China. As far as these concerned, foreign arrivals this year was forecasted
now under 40 million at 39.73 million after a drop in expectations in the first half of the year.
- No. of Foreign Visitors & Tourist Receipts
FR FR
Tourism Industry
Nationalities Receipts (MB) ∆ % ∆ 2019 2018 China 426,888 409,933 16,955 4% Russia 75,628 70,885 4,744 7% Malaysia 62,037 47,308 14,730 31% Korea 55,618 52,853 2,764 5% India 39,616 35,153 4,463 13% Japan 65,749 58,201 7,548 13% Subtotal 66,374 69,096
- 2,722
- 4%
Total 791,911 743,429 48,482 7%
Source: Tourism Authority of Thailand (“TAT”)
16
Receipts from International Tourist Arrivals to Thailand
During the first nine-month of 2019
Nationalities
- No. of Tourists
∆ % ∆ 2019 2018 China 8,518,031 8,374,822 143,209 2% Malaysia 2,960,896 2,804,853 156,043 6% India 1,471,218 1,171,391 299,827 26% Korea 1,399,440 1,334,486 64,954 5% Japan 1,383,410 1,233,382 150,028 12% Russia 1,351,687 1,231,256 120,431 10% Subtotal 18,055,378 17,150,436
- 29,550
- 3%
Total 29,465,732 28,467,686 904,942 5%
International Tourist Arrivals to Thailand
During the first nine-month of 2019
FR FR
Wholesales Index (FY2002 = 100)
Wholesales Industry
17
167 229 148 155
50 100 150 200 250
1Q14 3Q15 1Q17 3Q18 Wholesales index Wholesales of textiles, clothing, & footwear
Consumer Confidence Index (CCI)
80.4 72.2
60 70 80 90
Jan-14 Mar-15 May-16 Jul-17 Sep-18 Source: UTCC
The University of the Thai Chamber of Commerce's consumer confidence slipped to a four-year low of 72.2 in September 2019 from 73.6 in the previous month, amid concerns over the pace of economic recovery and escalating trade tensions.
Source: BOT Sep-19 3Q19
Financial Performance
The Third Quarter of 2019
FR FR
Financial Summary
438 630 704 772 785 588 536 186 198 201 178 157
- 300
600 900
2014 2015 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19 719 950 1,043 1,171 1,177 879 917 280 297 317 316 283
- 500
1,000 1,500
2014 2015 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
1,445 1,768 1,863 2,059 2,117 1,560 1,859 512 557 604 650 605
- 1,000
2,000 3,000
2014 2015 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
Net Profit EBITDA Revenue Net Profit Margin 30% 36% 38% 37% 37% 38% 29% 36% 35% 33% 27% 26% EBITDA Margin 50% 54% 56% 57% 56% 56% 49% 55% 53% 52% 49% 47%
unit: MB
- 29 MB, -16% YoY
- 21 MB, -12% QoQ
19
+93 MB, +18% YoY
- 45 MB, -7% QoQ
+3 MB, +1% YoY
- 33 MB, -10% QoQ
- 52 MB, -9% YoY
+38 MB, +4% YoY +299 MB,+19% YoY 3Q18 3Q19
FR FR
Revenue Breakdown
The increase in total revenues this year came mostly from our new project “The Market Bangkok”.
- 500
1,000 1,500 2,000 2,500 2014 2015 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19 Rental & Services Hotel Food & Beverage Others
1,445 1,769 2,059 1,863 512 557 604 605 2,117 1,560 1,859 650
unit: MB 59% 63% 59% 59% 63% 65% 60% 67% 70% 65% 17% 19% 20% 20% 20% 21% 22% 19% 16% 16% 13% 13% 13% 13% 13% 13% 10% 10% 4% 9% 8% 8% 4% 1% 5% 4% 4%
20
6% 19% 10%
+93 MB, +18% YoY
- 45 MB, -7% QoQ
67% 64% 18% 20% 10% 13% 3% 5%
+299 MB, +19% YoY
3Q18 3Q19
FR FR
Core Business
Rental & Services, Hotel, and Food & Beverage
836 992 1,068 1,213 1,307 971 920 326 337 330 322 268
- 400
800 1,200 1,600 2014 2015 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
Gross Profit Hotel Gross Profit Margin 60% 61% 62% 63% 64% 62% 49% 64% 64% 57% 52% 44%
unit: MB
- 58 MB, -18% YoY
- 54 MB, -17% QoQ
76% 76% 76% 75% 75% 76% 56% 76% 75% 63% 56% 50% 40% 45% 50% 53% 55% 54% 52% 54% 55% 53% 50% 51% 19% 21% 20% 24% 24% 24% 25% 24% 25% 24% 25% 24%
0% 20% 40% 60% 80%
2014 2015 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
Food & Beverage Rental & Services
21
- 51 MB, -5% YoY
3Q18 3Q19
FR FR
Gross profit from Core Business
Rental & Services, Hotel, and Food & Beverage
837 941 1,005 753 704 252 253 255 253 196
400 800 1,200
2016 2017 2018 9M189M19 3Q18 4Q18 1Q19 2Q19 3Q19
Gross Profit from Rental & Services Business
181 209 237 171 170 58 66 60 53 58
100 200 300
2016 2017 2018 9M189M19 3Q18 4Q18 1Q19 2Q19 3Q19
Gross Profit from Hotel Business
50 63 65 47 46 16 18 15 16 14
25 50 75
2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
Gross Profit from Food & Beverage Business
unit: MB 22
- 2 MB, -13% YoY
- 2 MB, -13% QoQ
+0 MB, +0% YoY +5 MB, +9% QoQ
- 49 MB, -7% YoY
- 56 MB, -22% YoY
- 57 MB, -23% QoQ
- 1 MB, -2% YoY
- 1 MB, -1% YoY
3Q18 3Q18 3Q18 3Q19 3Q19 3Q19
The Platinum Fashion Mall
The biggest wholesale and retail fashion mall
FR FR
The Platinum Fashion Mall
Business type The biggest wholesale and retail fashion shopping mall over 2,000 shops where had opened since November 2005 Investment value Approximately Baht 5 billion Building I: Baht 2.6 billion Building II: Baht 2.4 billion Gross area Totalled 113,650 sq.m. with comprised of Building I: 95,147 sq.m. Building II: 18,503 sq.m. Net leasable area Totalled 23,410 sq.m. with comprised of Building I: 16,997 sq.m. Building II: 5,511 sq.m. (extension zone) Subleased area: 902 sq.m. Location Pratunam traditional center of wholesale and retail of shopping fashion area Traffic Approximately 34,123 people per day
24
FR FR
The Platinum Fashion Mall Traffic
68,806 70,395 71,515 72,891 69,442 79,522 82,405 81,142 78,181
20,000 40,000 60,000 80,000 100,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 2019
Average R Walk traffic per day
9M2019 = 74,922 people per day (+24% YoY)
25
Remark: 22-31 July 2016 (10 days), open R walk (Full Phase) on 29 March 2017, open Gate 7 (Big C) on 14 May 2018, open Gate 2 (Novotel)
- n 28 January 2019, and open The Market on 14 February 2019
1,099,193 893,208 989,777 1,042,480 981,025 1,228,685 1,196,999 989,172 895,018
300,000 600,000 900,000 1,200,000 1,500,000 1,800,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2019
Average No. of visitors per day
9M2019 = 34,123 people per day (+7% YoY)
FR FR
Fashion clothes and accessories, 62% Storage 14% Restaurants 8% Services 5% Banks 4% Health & Beauty 2% Others 6%
The Platinum Fashion Mall
2,974 3,101 3,175 3,181 3,087 3,176 3,157 3,092 3,095 3,073
2,800 2,900 3,000 3,100 3,200 3,300 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19 Baht per sq.m. per month
26
- 103 Baht, -3% YoY
- 22 Baht, -1% QoQ
Fashion clothes and accessories, 72% Storage 16% Restaurants 2% Health & Beauty 2% Banks 2% Services 1% Others 4%
Breakdown by area Breakdown by shop
- 94 Baht, -3% YoY
Rental Rate
3Q18 3Q19
Occupancy rate
2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
98% 98% 98% 99% 97% 99% 98% 97% 97% 97%
FR FR
The Platinum Fashion Mall
3,525 sq.m. 4,046 sq.m. 2,163 2,484 1,000 997 1,134 1,282 2,148 3,303
1,000 2,000 3,000 4,000 5,000 4Q20 1Q21 2Q21 3Q21 4Q21 4Q22 3Q23 4Q24
Expiring schedule and average rental rate
- f long-term contract
Leasable area (sq.m.)
- Avg. rental rate (Baht/sq.m.)
unit: MB
27
165 MB, 59% 116 MB, 41%
Breakdown by Unearned Rental Income
within 1 year within 2-5 years 1,037 contracts, 58% 737 contracts, 42%
Breakdown by Tenant Term
1-3 years 10 years
As of 30 September 2019
FR FR
The Platinum Fashion Mall
28
Rental (units) Occupied area (sq.m.)
- Avg. rental rate
in 3Q2019 (Baht) Rental space 1,462 17,375 3,531 GP sharing 16 1,330 2,627 Storage 296 3,822 1,140
Total 1,774 22,527 3,073
1 - 3 years 1,037 14,376 3,904 10 years 737 8,151 1,600
Total 1,774 22,527 3,073 Occupancy rate 97%
(only units and area)
Contract expiration Expired in 2019 Expired in 2020 onward 1 – 3 years 735 302 10 years
- 737
Total 735 1,039
As of 30 September 2019
The Neon Night Bazaar
the latest hipster downtown night market
FR FR
The Neon Night Bazaar
Business type Shopping destination in the center of Bangkok gathered with various delicious food more than 584 shops, 32 containers, 28 trucks and 78 mini-shops in the comfortable atmosphere Project area Total area of 21,710 sq.m. (10 Rai + 2 Rai, 3 ngarn, 56.6 square wah) Net leasable area Total leasable area of 5,757 sq.m. Phase I: 4,353 sq.m. Phase II: 1,404 sq.m. Location Situated on Petchaburi Road (between Soi Phetchaburi 23-31) Leasehold right Land lease on yearly basis by paying in advance. Phase I: the total payment for the land lease for 3 years, year end November 2019, must not exceed Baht 49 million Phase II: the total payment for the land lease for 3 years, year end November 2021, must not exceed Baht 30 million Operating hours Phase I: December 2016 (Since 2017, opening 7 days a week) Phase II: 15 December 2018 Target customer Tourists, Local resident & Office workers
- No. of shop
722 shops
30
FR FR
The Neon Night Bazaar
31
Tent
Standard commercial shelter Size: 2 x 2 M. = 575 units
Container
1 storey & mezzanine Size: 8 x 7.5 M. = 32 units
Shop
Free from stayer Size: 6 x 4 M. = 72 units
Take away
Size: 2 x 3 M. = 28 units
1 4 3 2
28 57 39 45 79 65 32 68 63 78 75
25 50 75 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Bus visiting The Neon Night Bazaar
138 362 253 277 272 312 256 349 270 297 259
100 200 300 400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 2019
- No. of Van visiting The Neon Night Bazaar
FR FR
The Neon Night Bazaar
973 1,392 1,667 1,653 1,738 1,618 1,709 1,721 1,726 1,766
- 500
1,000 1,500 2,000 2,500 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
Rental Rate
Occupancy rate
2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
95% 70% 87% 87% 78% 92% 88% 83% 78% 74%
Baht per sq.m. per month
32
+148 Baht, +9% YoY +40 Baht, +2% QoQ +85 Baht, +5% YoY
3Q18 3Q19
The Market Bangkok
The new retail shopping mall in the heart of Bangkok
FR FR
The Market Bangkok (Retail Phase I)
Business type The new retail shopping mall situated in the heart of Bangkok, with convenient access to Chidlom and BTS Siam via the elevated R Walk. The market Bangkok fill up with new trend and the coolest shopping mall under the concept “Bangkok new dream” Project area Total are of 21 Rai Net leasable area Phase I: net leasable area total 30,827 sq.m. Location Situated on a 21 Rai on leasehold land on Ratchadumri Road Leasehold right Leasehold land from Crown Property bureau under 30 years contract and first right for another 30 years Commercial date Phase I: 14 February 2019 Target customer Tourists, Local resident & Office workers
- No. of shop
1,200 shops and 2,000 cars parking lot
34
FR FR
35
19,550 20,068 21,368 22,704 22,656 21,942 19,428
578 565 693 693 701 697 670 447 508 742 754 734 716 459
- 100
200 300 400 500 600 700 800
- 5,000
10,000 15,000 20,000 25,000 30,000 35,000 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Averager visitors per day Average car visiting per day Average motorcycle visiting per day
Traffic at The Market Bangkok
The average visitors per day at The Market Bangkok in September was 19,428 people.
FR FR
The Market Bangkok (Retail Phase I)
Rental rate: Baht 948 per sq.m. per month Average occupancy rate: 76%
36
1Q19 2Q19 3Q19 ∆ % Q0Q Rental rate (Baht per sq.m. per month) 1,113 1,223 539 684
- 56%
Average
- ccupancy rate
77% 80% 73% NA
- 7%
14 February – 30 September 2019 Performance
The Wharf Samui
Beachfront community mall
FR FR
The Wharf Samui
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 Project area 13 building with construction area of 7,809 sq.m. Net leasable area Net leasable area total 5,423 sq.m. Location Situated on a 12 Rai next to future company’s Holiday Inn Hotel projects Leasehold right Annual rental payment Baht 34 million, Leasehold period: 10 years (option to extend for another 5 years) Commercial date January 2015
38
FR FR
The Wharf Samui
511 552 640 645 473 632 626 543 489 386
300 600 900 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
Occupancy Rate
2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
62% 56% 38% 38% 27% 36% 37% 28% 27% 27%
39
Baht per sq.m. per month
- 246 Baht, -39% YoY
- 103 Baht, -21% QoQ
- 172 Baht, -27% YoY
Rental Rate
3Q18 3Q19
Novotel Bangkok Platinum Pratunam
Hosp itality ser vic es to th ose visitin g Th e Platin u m Fash ion M all
FR FR
Novotel Bangkok Platinum Pratunam
Objective To compliment The Platinum Fashion Mall business as it provides the hospitality services to those visiting The Platinum Fashion Mall Hotel chain Novotel by Accor Group Investment value Approximately Baht 900 million Project area 2 rai 221.2 square wah Commercial date November 2011 Building Floor 6 – 25 of Building II of The Platinum Fashion Mall (extension zone) Hotel type 4-star hotel
- No. of keys
288
41
FR FR
Novotel Bangkok Platinum Pratunam
Singapore, 25% Indonesia, 11% Malaysia, 10% China, 5% Philippines, 5% Hong Kong, 4% India, 4% Thailand, 4% Kuwait, 3% Vietnam, 3% Others, 26%
Top Guest Nationality, YTD September 2019
42
Accor website, 23% Online Agent Booking, 55% Contracted Corporate, 3% Contracted Agent, 10% Business Group, 8% Group Tour, 3%
Distribution Channel, YTD September 2019
FR FR
43
Top Ranked Bangkok Hotel Occupancy
2,674 2,890 3,193 3,100 3,200 3,111 3,470 3,297 3,101 3,205
- 1,500
3,000 4,500 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
87% 88% 91% 91% 94% 91% 91% 95% 93% 94%
80% 85% 90% 95% 100% 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
3,0783,2843,502 3,3993,402 3,4213,8063,4723,337 3,397
1,500 3,000 4,500 2016 2017 2018 9M18 9M19 3Q18 4Q18 1Q19 2Q19 3Q19
+94 Baht, +3% YoY +104 Baht, +3% QoQ
- 24 Baht, -1% YoY
+60 Baht, +2% QoQ Baht per room per night
RevPar
+100 Baht, +3% YoY
Average Room Rate
+3 Baht, +0% YoY +3% YoY +3% YoY +1% QoQ
Occupancy Rate
3Q18 3Q19 3Q18 3Q19 3Q18 3Q19
APPENDIX
THE PLATINUM GROUP PUBLIC COMPANY LIMITED
FR FR
Consolidated Financial Position
15% 64% 59% 53% 43% 42% 39% 39% 85% 36% 41% 47% 57% 58% 61% 61% 36% 14% 14% 17% 21% 22% 23% 23% 64% 86% 86% 83% 79% 78% 77% 77%
2014 2015 2016 2017 2018 as of Mar 2019 as of Jun 2019 as of Sep 2019 Current assets Non Current Assets Liabilities Equities
9,547 4,107 9,822 10,491 11,339 11,707
unit: MB
45
Healthy liquidity & Low risk
11,347 11,532
FR FR
P L AT ’s d i v i d e n d p o l i c y : t o d i s t r i b u t e d i v i d e n d s a t l e a s t 4 0 % o f n e t p r o f i t ( c o n s o l i d a t e d ) a f t e r t a x a n d l e ga l r e s e r v e s o f s e p a ra t e f i n a n c i a l s t a t e m e n t .
Dividend Payment
0.1575 Baht/share 0.18 Baht/share 0.20 Baht/share 0.20 Baht/share
0.00 0.05 0.10 0.15 0.20 0.25
2015 2016 2017 2018
70% 72% 72% 72% % of Net Profit 441 MB 504 MB 560 MB 560 MB
46
FR FR
3Q2019 Consolidated Income Statement
UNIT: MB 3Q18 Common Size 3Q19 Common Size % Change Revenue from rental and services 333 65% 395 65% +19% Revenues from hotel operations 107 21% 113 19% +6% Revenues from F&B 66 13% 59 10%
- 11%
Other income 6 1% 38 6% +533% TOTAL REVENUES 512 100% 605 100% +18% Cost of rental and services 81 16% 199 33% +146% Cost of hotel operation 49 9% 55 9% +12% Cost of F&B sales 50 10% 45 7%
- 10%
SG&A 96 19% 108 18% +13% TOTAL EXPENSES 276 54% 407 67% +47% OPERATIONAL PROFIT 236 46% 198 33%
- 16%
Income tax expenses 50 10% 41 7%
- 18%
NET PROFIT 186 36% 157 26%
- 16%
EPS (Baht/share) 0.07 0.06
47
FR FR
Consolidated Financial Position
UNIT: MB Year 2018 Common Size 30 Sep 2019 Common Size % Change Cash & Cash equivalents & Current Investment 4,648 41% 4,078 35%
- 12%
Trade and Other receivables 47 0% 234 2% 398% Other Current Assets 171 2% 225 2% 32% Total Current Assets 4,866 43% 4,537 39%
- 7%
Investment Properties 4,957 44% 5,244 46% 6% Property, Plant and equipment 1,170 10% 1,301 11% 11% Intangible Assets 231 2% 219 2%
- 5%
Other non-current Assets 114 1% 231 2% 103% Total Non-current Assets 6,472 57% 6,995 61% 8% TOTAL ASSETS 11,338 100% 11,532 100% 2%
48
FR FR
Consolidated Financial Position
UNIT: MB Year 2018 Common Size 30 Sep 2019 Common Size % Change Trade and other payables 732 6% 886 8% 21% Current portion of unearned rental income 168 2% 165 1%
- 2%
Short-term deposits of rental income 208 2% 193 2%
- 7%
Other current liabilities 201 2% 200 2%
- 0%
Total current liabilities 1,309 12% 1,444 13% 10% Unearned rental income, net of current portion 234 2% 116 1%
- 50%
Long-term deposits of rental income 195 2% 233 2% 19% Accrued long-term lease of land – net of current portion 476 4% 562 5% 18% Other non-current liabilities 163 1% 240 2% 47% Total non-current liabilities 1,068 9% 1,151 10% 8% TOTAL LIABILITIES 2,377 21% 2,595 23% 9% TOTAL SHAREHOLDERS’EQUITY 8,961 79% 8,937 77%
- 0%
TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY 11,338 100% 11,532 100% 2%
49
FR FR
The Market Bangkok: Phase II
M1 Building M2 Building M3 Building
- Moxy by Marriott
- 12 – 31 floor
- 532 keys
- 3 stars hotel
- Target on teenagers
- The Platinum Tower
- 22 floors
- Grade B up office
- NLA: 38,000 sq.m.
- Fairfield by Marriott
- 10 – 23 floor
- 434 keys
- 3 stars hotel
- Target on family & MICE
50
For further information and enquiries, please contract our IR Investor Relations (66) 2121 9999 # 55 chayanin.ats@theplatinumgroup.co.th www.theplatinumgroup.co.th