My Life My Origin
Opportunity Day 2017
Presented by IR Team 12-Mar-2018
Opportunity Day 2017 My Life My Origin Presented by IR Team - - PowerPoint PPT Presentation
Opportunity Day 2017 My Life My Origin Presented by IR Team 12-Mar-2018 2 Disclaimers The information ( Confidential Information ) contained in this presentation provided by Origin Property Public Company Limited is strictly
My Life My Origin
Presented by IR Team 12-Mar-2018
2
The information (“Confidential Information”) contained in this presentation provided by Origin Property Public Company Limited is strictly confidential and is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Origin Property Public Company Limited (“Company”, and shares in the Company, “Shares”) in any jurisdiction, not should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever. 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 reproduce in any form or by any means;
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. In addition, this presentation contains projection and 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 contingenciesas well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur that projects will be achieved, or that the Company’s assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events or otherwise. These statements can be recognized by the use of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions. Although care has been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the Confidential 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. None of the Company, or any of their respective members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation
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Company Overview Summary of Operating Performance Y2017 Business Outlook 2018 Business Plan 5 years plan
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Residential For Sale
39 Projects Project value 51,908 MB 1 Project Project value 800 MB
Joint Venture
5 Projects Project value 19,600 MB 1 Project Project value 2,500 MB
Services Business
Revenue from service
Recurring Income
3 Projects Project value 8,500 MB (Calculate by Income approach method)
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> 200,000 Baht/Sq.m. 120,000 – 200,000 Baht/Sq.m. 80,000 – 120,000 Baht/Sq.m.
A modern residence with “London luxury affordable” concept to fit with all family members’ need .
< 80,000 Baht/Sq.m. Luxu xury ry High h End Mid End Entry ry Level el
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KNIGH GHTSBR TSBRIDGE IDGE
PRIME - ONNUT
KNIGH GHTSBR TSBRIDGE IDGE
COLLAGE - RAMKHAMHAENG
KNIGH GHTSBR TSBRIDGE IDGE
PRIME - RATCHAYOTHIN
KNIGH GHTSBR TSBRIDGE IDGE
SPACE - RATCHAYOTHIN
PARK RK THO HONGLO NGLOR
(PHASE 1)
Condomin
ium Hotel
STAY AYBR BRIDGE IDGE SUITE ITE
THONG LOR
(Hotel Project value 2,500 MB which is calculated by Income approach method)
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CONDO DOMI MINI NIUM UM
HOTEL L & SERVICE VICED D APARTMEN ARTMENT
CONDO DOMI MINI NIUM UM
HOTEL L & SERVICE VICED D APAR ARTM TMEN ENT
WAREH REHOUSE OUSE WAREH REHOUSE OUSE HOUSI USING NG HOUSI USING NG
PROPE OPERT RTY MANAGEM AGEMENT ENT PROPE OPERT RTY MANAGEM AGEMEN ENT
RETA TAIL L / OFFICE FICE RETA TAIL L / OFFICE FICE
ORIGIN N 24 24
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BUILD TO SUIT WAREHOUSE
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BANGKOK THONGLOR
HOTEL TEL & SERVI RVICE CE APARTME TMENT NT Asset Value by Income approach method 2,500 MB, 303 units
SIRACHA LEAMCHABANG
HOTEL TEL & SERVI RVICE CE APARTME TMENT NT Asset Value by Income approach method 2,200 MB, 347 units HOTEL TEL & SERVI RVICE CE APARTME TMENT NT Asset Value by Income approach method 2,800 MB, 400 units
CHONBURI SIRACHA
MIXED ED USE Asset Value by Income approach method 3,500 MB, 400 units
ORIGIN N 24 24
BANGKOK NEW PROJEC JECT NEW PROJEC JECT
NEW HAMPT PTON ON I NEW HAMP MPTON TON II
TOTAL PROJECT VALUE 14
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LOWER ER SUKHUMVI VIT-SATHORN RN AREA
PHAYA YA THAI AREA EA
MID SUHUMVIT T AREA
MIXED D USE
PHAYATHAI
HOTEL & SERVIC ICE APAR ARTME TMENT NT
RAMA IX
MIXED D USE
SATHORN
MIXED D USE
SUKHUMVIT
HOTEL & SERVIC ICE APAR ARTME TMENT NT
SUKHUMVIT
OFFICE FICE
SUKHUMVIT
HOTEL & SERVIC ICE APAR ARTME TMENT NT
BANGNA
HOTEL & SERVIC ICE APAR ARTME TMENT NT
THONGLOR
**FUTURE PLAN** **FUTURE PLAN** **FUTURE PLAN** **FUTURE PLAN** **FUTURE PLAN** **FUTURE PLAN**
MIXED USE HOTEL & SERVICE APARTMENT OFFICE
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EXC XCLU LUSIVE SIVE ARE REA : CHO CHONBU BURI RI & RA RAYONG NG ARE REA
SIRAC RACHA HA AREA REA LEAMC MCHA HABA BANG NG AREA REA
HOTEL EL & SERVI VICE E APARTM TMENT ENT
CHONBURI SIRACHA
HOTEL EL & SERVI VICE E APARTM TMENT ENT
SIRACHA LEAMCHABANG
RAYO YONG NG AREA EA PATTAY AYA A AREA EA SIRAC RACHA HA & LEAMC MCHAB ABAN ANG G AREA EA RAYO YONG NG AREA EA >> POTEN ENTIAL TIAL PA PATTAYA AR AREA EA >> > PO POTEN ENTI TIAL
HOTEL & SERVIC ICE APAR ARTME TMENT NT
PATTAYA
HOTEL & SERVIC ICE APAR ARTME TMENT NT
RAYONG
MIXED D USE
RAYONG
MIXED D USE SIRACHA LEAMCHABANG
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Acquired 100% share of Proud Residence Co.Ltd. Joint Venture with Nomura Real Estate Knightsbridge The Ocean First project in EEC completed One of SET 100
May Sept Q3 Dec
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2016 2017 Diff % Diff Presale 10,843.9 14,760.0 3,916.1 36.1% 2016 2017 Diff % Diff Revenues Revenues from sale 3,153.1 8,764.9 5,611.8 177.98% Gain from selling sub-ordinary co., 0.0 641.1 641.1 100.00% Other revenues 46.0 581.8 535.8 1165.46% Total revenues 3,199.0 9,987.7 6,788.7 212.21% COGS 1,724.2 5,662.4 3,938.3 228.42% Gross Profit 1,428.9 3,102.4 1,673.5 117.12% Selling expenses 507.9 1,179.2 671.2 132.15% Admin expenses 158.5 273.3 114.8 72.46% EBIT before Gain / (Loss) from JV co., 808.5 2,872.8 2,064.3 255.34% Gain / (Loss) from JV co., 0.0 (218.5) (218.5)
EBIT after Gain / (Loss) from JV co., 808.5 2,654.3 1,845.9 228.32% Interest expenses 6.8 51.0 44.2 651.25% EBT 801.7 2,603.4 1,801.7 224.74% Tax 162.1 582.9 420.9 259.64% Net Profit 639.6 2,020.4 1,380.8 215.89% Net Profit (Equity Holder) 637.6 2,020.9 1,383.3 216.97% % Gross Profit 45.32% 35.40% % Selling expenses 15.9% 11.8% % Admin expenses 5.0% 2.7% % Net Income (Equity Holder) 19.93% 20.23% 12 Months 12 Months
Presale 2017 14,757 MB increase 3,913 MB (36%) due to the increase of presale the new projects Total Revenues 2017 9,988 MB increase 6,789 MB (212%)due to mainly the completion of 9 projects in the year 2017 and gain on sales of investments in subsidiaries 641mb (Joint Ventures with Nomura Real Estate Development” (NRED) –
COGS 2017 5,662 MB increase 3,938 MB (228%) which was in line with the increase
Allocation from acquiring Park Origin Co.,Ltd (formerly known as “Proud Residence Co.,Ltd”) on October 2nd, 2017 NP 2017 2,020 MB (20.23%) increase 1,383 MB (217%) mainly due to an increase
%GP 35.4% that was recognized cost from Purchase Price Allocation from acquiring Park Origin Co.,Ltd as accounting method %NP 20.23% has been also increase from 2016
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# 1 # 4
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Correlation between Residential Units Sold to GDP growth
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Correlation between Household Debt to GDP (%) to GDP growth
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High end to luxury segment are getting out from the bottom of economic cycle
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2018F : Plans to launch total new projects of 30,000 MB (+98%), Target Pre-Sale of 20,000 MB (+36%)
38%
Y2010 Y2011 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018F Launch 199 300 1,150 2,899 3,850 6,955 11,340 15,150 30,000 Pre-Sale 73 405 782 1,474 2,439 5,356 10,844 14,757 20,000 199 300 1,150 2,899 3,850 6,955 11,340
15,150 30,000
73 405 782 1,474 2,439 5,356 10,844
14,757 20,000
5000 10000 15000 20000 25000 30000 35000
MB
98%
36%
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(New launch growth 98%)
8 Lines 10 10 Condominium Projects 4 4 Interchanges 4 Housing Project
dominium iniums
using ing
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(New launch growth 98%)
12 12% 21 21% 7% 60 60%
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15,150 14,760 9,000 13,165 30,000 20,000 15,000 19,605 27,400
10,000 15,000 20,000 25,000 30,000 35,000 Project Launch Presale Target Revenue Target Origin's Project Complete Actual Backlog
2017 New Target 2018
98% 36% 67% 49%
30,000 MB
20,000 MB
15,000 MB
19,605 MB (as of 31 Dec 2017)
27,400 MB
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2,000 3,000 4,000 5,000 6,000 Q1'18F
6,000
5,000 00
Unit: MB
Pre-sale Target Project Launch KNIGH GHTSB TSBRIDGE IDGE
COLLAGE – SUKHUMVIT 107
PROJECT VALUE : 2,300 MB. TOTAL UNITS : 325 Units PROJECT VALUE : 1,000 MB. TOTAL UNITS : 304 Units PROJECT VALUE : 2,700 MB. TOTAL UNITS : 488 Units
KNIGH GHTSB TSBRIDGE IDGE
SPACE - RATCHAYOTHIN
KNIGH GHTSB TSBRIDGE IDGE
SPACE – RAMA IX
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Total Revenues Projection 2018F – 2022F
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Total Revenues Projection 2018F – 2022F (Included JV Project)
Origin Property Public Company Limited BHIRAJ TOWER at BITEC 20/FL 4345 Sukhumvit Road Bangna Bangkok 10260 Opening Hours Monday - Friday : from 9:00 – 18:00
E-MAIL. ir@origin.co.th
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