Opportunity Day 2017 My Life My Origin Presented by IR Team - - PowerPoint PPT Presentation

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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


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My Life My Origin

Opportunity Day 2017

Presented by IR Team 12-Mar-2018

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Disclaimers

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;

  • r (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. 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. 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

  • r its contents or otherwise arising in connection therewith.
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Presentation Contents

1

Company Overview Summary of Operating Performance Y2017 Business Outlook 2018 Business Plan 5 years plan

2 3 4 5

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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

  • Approx. 100 MB /year

Recurring Income

3 Projects Project value 8,500 MB (Calculate by Income approach method)

Company Overview

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5

> 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

Origin Residential Product

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6

Origin Housing

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7

Single Detached House ( Premium) 8-20 MB Single and/or Detached House ( Economy) 5-8 MB Townhome/Home Office 3-5 MB

20 20% 40 40% 40 40%

Product Segmentation

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Joint Venture 2017

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

  • miniu

ium Hotel

STAY AYBR BRIDGE IDGE SUITE ITE

THONG LOR

TOTAL PROJECT VALUE 22

22,5 ,500 00 MB.

(Hotel Project value 2,500 MB which is calculated by Income approach method)

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  • KNOW HOW – TECHNOLOGY, INNOVATION DESIGN
  • CUSTOMER BASED STRATEGY
  • PROPERTY MANAGEMENT
  • BROKERAGE – CUSTOMER NETWORK

x Benefit from Joint Venture

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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

Potential JV Business

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11

Recurring Income

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BUSINESS STRUCTURE

BUILD TO SUIT WAREHOUSE

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RECURRING INCOME BUSINESS PLAN

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

2021 2021 2022 2022 2023 2023 2020 2020

TOTAL PROJECT VALUE 14

14,50 500 MB.

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ORIGIN ONE BANGKOK CLUSTER

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

ORIGIN ONE EEC CLUSTER

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Summary of Operating Performance Y2017

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17

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

2017 Key Deliverables

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Financial Highlight Y 2017

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)

  • 100.00%

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) –

  • ne of world’s leading real estate developer in Japan)

COGS 2017 5,662 MB increase 3,938 MB (228%) which was in line with the increase

  • f the revenues from sale and recognize cost from Purchase Price

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

  • f revenue recognitions from sale and

%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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Financial Highlight Y 2017

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Y 2017 Benchmark Comparison

# 1 # 4

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Origin Leverage Ratio

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Business Outlook

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Business Outlook

Correlation between Residential Units Sold to GDP growth

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24

Business Outlook

Correlation between Household Debt to GDP (%) to GDP growth

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Business Outlook

High end to luxury segment are getting out from the bottom of economic cycle

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2018 Business Plan

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2018 Plan

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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Origin Projects Launch 2018 30 30,000 000 MB

(New launch growth 98%)

8 Lines 10 10 Condominium Projects 4 4 Interchanges 4 Housing Project

10 10 Con

  • ndom

dominium iniums

4 Hous

using ing

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30 30,000 000 MB

(New launch growth 98%)

12 12% 21 21% 7% 60 60%

Brand Proportion of Project Launch 2018

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Origin Business Plan Summary 2018

15,150 14,760 9,000 13,165 30,000 20,000 15,000 19,605 27,400

  • 5,000

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%

  • Project Launch

30,000 MB

  • Presale Target

20,000 MB

  • Revenue Target

15,000 MB

  • New Project Complete

19,605 MB (as of 31 Dec 2017)

  • Actual Backlog

27,400 MB

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Available Transfer value Vs Target Transfer

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Q1’2018 Project Launch and Pre-sale Target

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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1st Day Online booking 3 Knightsbridge

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Projection 2018F – 2022F

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Total Revenues Projection 2018F – 2022F

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Total Revenues Projection 2018F – 2022F (Included JV Project)

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Thank You

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

  • TEL. +662-0300-000
  • FAX. +662-398-9994

E-MAIL. ir@origin.co.th

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