Opportunity day 1 Apr 2019 - - PowerPoint PPT Presentation

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Opportunity day 1 Apr 2019 - - PowerPoint PPT Presentation

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MBK Public Company Limited Key performance 2018 Opportunity day 1 Apr 2019

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คุณพลฤทธิ์ ฐิติวริทธินันท์ ชื่อภาพ งามเมืองสิวิไล จากโครงการประกวดถ่ายภาพ MBK CENTER CAMERA FEST 2018 นายศักดิ์ระพี นพรัตน์ , โครงการประกวดถ่ายภาพ MBK CENTER CAMERA FEST 2018

MBK Public Company Limited Key performance 2018 Opportunity day 1 Apr 2019

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Disclaimer

This presentation is made, furnished and distributed for information purposes

  • nly. Nothing in this release should be construed as either an offer to sell or the

solicitation of and offer to buy or sell share in any jurisdiction. This presentation may include information which is forward-looking in nature. Forward-looking involve risks, uncertainties and other factors which may impact on the actual outcomes, include economic conditions in the markets in which MBK

  • perates and general achievement of MBK business forecasts, which will cause the

actual results, performance or achievements of MBK to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. Please be advised that this presentation may contain expectations and assumptions that are subject to change at any time. Results and future performance are not guaranteed and may differ from expectations.

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CONTENT

  • Company Overview
  • Group Performance
  • Financial Highlights
  • Segment by Business Unit
  • Future Projects
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COMPANY OVERVIEW

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SLIDE 5

SHOPPING CENTER

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 72.60% 72.60% 72.60% 100.00% 100.00% 100.00% 100.00% 49.00% 100.00% 100.00% 47.98% 46.18% 72.60% 50.00%

Icon siam On going Financial Segment Performance Company Overview

GROUP STRUCTURE

HOTEL & TOURISH GOLF OTHERS FOOD SOLUTION

74.52% 62.14% 74.52%

REAL ESTATE

100.00%

FINANCIAL

74.52% 35.00%

Future Project Segment Note:- Investments in associates

100.00% 100.00%

Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

100.00% 100.00%

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GROUP PERFORMANCE

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Icon siam On going Financial Segment Performance Company Overview

GROUP PERFORMANCE

9,428 11,776 10,697 9,966 10,760 3,274 4,172 4,206 3,896 3,824 1,727 2,187 2,245 1,937 1,833 1,604 1,762 2,005 1,822 2,861 500 1,000 1,500 2,000 2,500 3,000

  • 2,000

4,000 6,000 8,000 10,000 12,000 Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT Net Profit

NPAT

THB million

Future Project Segment Financial Performance Company Overview Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

THB million

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FINANCIAL HIGHLIGHTS

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Icon siam On going Financial Segment Performance Company Overview

Financial Highlights

1.19 1.36 1.54 1.38 2.17

  • 0.50

1.00 1.50 2.00

Y2014 Y2015 Y2016 Y2017 Y2018

EPS

0.60 0.63 0.66 0.70 0.75 0.55 0.60 0.65 0.70 0.75 Y2014 Y2015 Y2016 Y2017 Y2018

Dividend THB/Share THB / Share

37,909 40,549 42,518 46,552 49,096 21,032 22,609 22,166 24,367 26,412 16,877 17,940 20,352 22,185 22,684 Y2014 Y2015 Y2016 Y2017 Y2018

Balance Sheet

Asset Liability Equity

THB Million

Future Project Segment Financial Performance Company Overview 0.53 0.61 0.52 0.58 0.68 0.40 0.50 0.60 0.70 0.80

Y14 Y15 Y16 Y17 Y18

D/E Ratio

D/E [X]

Note :- Debt = Interest bearing debt Future Project Capex Plan Segment Financial Performance Company Overview

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SHOPPING CENTER BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

SHOPPING CENTER BUSINESS

GROSS PROFIT MARGIN

Shopping Center Location Ownership Lettable Area (Sqm) MBK 'Stake

  • Avg. OR (%)

Pathumwan Intersection Leasehold ended year 2033 84,252 100.00% 94.75% Srinakarin Road Leasehold ended year 2023 92,088 100.00% 93.17% Rama 9 Road Freehold 15,132 100.00% 98.58% Srinakarin Road Leasehold ended year 2037 20,010 100.00% 71.67% Pathumwan Intersection Leasehold ended year 2065 80,144 23.99% 99.95% Pathumwan Intersection Leasehold ended year 2065 21,754 47.98% 99.75% Pathumwan Intersection Leasehold ended year 2065 15,555 47.98% 100.00% Charoen Nakhon Road Freehold 180,000 23.99%

  • Future Project

Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

SHOPPING CENTER BUSINESS

GROSS PROFIT MARGIN

OFFICE Location Ownership Lettable Area (Sqm) MBK 'Stake

  • Avg. OR (%)

Pathumwan Intersection Leasehold ended year 2033 15,449 100.00% 89.73% Sukhumvit Road Leasehold ended year 2020 12,950 100.00% 93.78% Rama 9 Road Freehold 8,979 100.00% 100.00% Rachadapisek Road Leasehold ended year 2024 7,509 100.00% 100.00% Pathumwan Intersection Leasehold ended year 2065 33,636 47.98% 99.14%

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

SHOPPING CENTER BUSINESS

4,115 4,136 4,096 4,081 4,081 2,170 2,550 2,600 2,552 2,585 1,117 1,055 1,093 1,018 1,019

  • 500

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUE & EBIT

THB million

Future Project Segment Financial Performance Company Overview 81% 19%

Fixed Rent Gross Profit Fixed Rent vs. Gross Profit (Sq.m)

Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

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HOTELS & TOURISM BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

HOTELS & TOURISM BUSINESS

GROSS PROFIT MARGIN

HOTEL Location ROOMS OWNERSHIP OPERATE MBK 'Stake Bangkok 455 Leasehold ended year 2033 1996 100.00% Krabi 240 Freehold 2003 100.00% Krabi [Koh Lanta] 57 Freehold 2011 100.00% Ranong 182 Freehold 2002 100.00% Phuket 45 Freehold 2010 72.60% Pathum Thani [Bang Kadi] 128 Freehold 2018 100.00% Maldives Island 95 Leasehold ended year 2044 2012 35.00% Bangkok / Pathum Thani 3 (Branches) Freehold + Leasehold 1997 (1 Branche) 2018 (2 Branches) 100.00%

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

HOTELS & TOURISM BUSINESS

1,097 1,240 1,316 1,362 1,452 202 362 474 460 411

  • 107

74 211 201 158

  • 200
  • 200

400 600 800 1,000 1,200 1,400 1,600

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUES & EBIT

THB million

CUSTOMER SEGMENT

Future Project Segment Financial Performance Company Overview 17% 16% 3% 37% 27%

Direct E-Com Wholesales Leisure Others

3 Stars 3 Stars 14% 30% 41% 1% 14% 5 Stars Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

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GOLF BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

GOLF BUSINESS

GROSS PROFIT MARGIN

Golf Course Location Capacity Area/Rai MBK’s Stake Phuket [Kathu] 18 holes 500 72.60% Phuket [Kathu] 18 holes 600 72.60% Pathum Thani [Bang Kadi] 18 holes 350 100.00% Pathum Thani [Bang Kadi] 18 holes 400 100.00% Pathum Thani [Lam Lukka] 36 holes 1,500 46.18%

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

GOLF BUSINESS

386 477 464 466 477 155 183 163 166 197 22 37 31 56 77

  • 100

200 300 400 500 600

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUES & EBIT

THB million

Future Project Segment Financial Performance Company Overview

NATIONALITY

27% 26% 20% 2% 9% 17%

Thai Asia EU Amarica Austalia Others

Phuket 70% 26% 3% Phatum Thani Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

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REAL ESTATE BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

REAL ESTATE BUSINESS

Future Project Segment Financial Performance

Project Name

Stake (%) Project (THB million) Total Units Number

  • f Transfer

(Units) Remaining unit (Units) (Mil Bt)

Luxury Housing (Pathum thani)

100% 358 41 26 15 128 1,166 24 3 21 1,091 Luxury Townhome (Phuket) 73% 72 4 1 3 54

Housing (Chonburi)

55% 302 204 146 58 80 123 112 84 28 31

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

REAL ESTATE BUSINESS

539 2195 1457 693 307 151 530 352 117 (21 ) 146 525 345 110 (30 )

  • 300

200 700 1200 1700 2200

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUES & EBIT

THB million

Future Project Segment Financial Performance Company Overview 4% 30% 34% 33%

Condo Luxury Townhome Luxury Housing Housing

Revenue portion (THB million)

Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

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FOOD SOLUTION BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

FOOD SOLUTION BUSINESS Brand Business

MBK’s stake Revenue Portion ( %)

Producing and selling rice and other in the local and overseas markets 75% 85% Economic-Price Food Court 75% 13% Sukiyaki Restaurant 62% 2% Japanese Restaurant 75%

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

FOODS SOLUTION BUSINESS

1,952 2,554 1,852 1,579 2,190 96 125 8 (36 ) (22 ) 54 77 (37 ) (76 ) (54 )

  • 200

300 800 1,300 1,800 2,300 2,800

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUES & EBIT

THB million 52,622 98,806 60,343 57,337 68,462

  • 10,000

20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000

Y2014 Y2015 Y2016 Y2017 Y2018 DOMESTICS EXPORT

Rice - Sales Volume [Tons]

Future Project Segment Financial Performance Company Overview Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

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FINANCE BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

FINANCE BUSINESS Company Business MBK’s stake Portfolio Size ( THB Million ) 31 Dec 18 31 Dec 17

Provide new motorcycle hire purchases for small to big bikes 100%

6,712 4,843

Condominium loans and asset finances

100% 6,444 6,556

Total 13,157 11,399

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

FINANCIAL BUSINESS - OPERATION

1,266 1,133 1,484 1,761 2,188 484 381 586 618 642 478 375 579 609 630

  • 500

1,000 1,500 2,000 2,500

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUES & EBIT PORTFOLIO

Future Project Segment Financial Performance Company Overview

THB million

Asset Finance 75% Condo 25%

MBK - G

Motorbikes 88% Bigbikes 12%

TLS

Note :- Revenue / EBITDA / EBIT included Share of profit from investments in associates and joint venture Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

FINANCIAL BUSINESS – DIVIDEND

Future Project Segment Financial Performance Company Overview 250 266 382 354 381

  • 50

100 150 200 250 300 350 400

Y2014 Y2015 Y2016 Y2017 Y2018 Future Project Capex Plan Segment Financial Performance Company Overview

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OTHER BUSINESS

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Icon siam On going Financial Segment Performance Company Overview

OTHER BUSINESS Company Business type Capital (THB Million) MBK’s Stake

Automotive / Motorcycle Auction.

114 50.00%

Future Project Segment Financial Performance Company Overview

SUCCEED AUCTION CARS

60,758 65,109 59,536 54,037 65,403 28,151 28,340 28,413 25,900 32,235

  • 10,000

20,000 30,000 40,000 50,000 60,000 70,000

Y2014 Y2015 Y2016 Y2017 Y2018

Total auction cars Succeed auction cars

Number of car

Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

APPLE AUTO AUCTION

279 296 300 285 351 81 89 86 71 101 72 79 76 58 88

  • 100

200 300

Y2014 Y2015 Y2016 Y2017 Y2018 Revenue EBITDA EBIT

REVENUES & EBIT - FULL OPERATION

THB million

SHARE OF PROFIT

Future Project Segment Financial Performance Company Overview Note : Not consoled Account 30 32 33 25 37

  • 10

20 30 40

Y2014 Y2015 Y2016 Y2017 Y2018

THB million

Future Project Capex Plan Segment Financial Performance Company Overview

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CAPEX PLAN

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Icon siam On going Financial Segment Performance Company Overview

Business Y2019 Y2020 Y2021 Y2019-2021 Shopping Center 320 341 185 846

MBK center 125 99 75 299 Paradise Park & Paradise Place 50 19 108 177 The Nine 145 223 2 370

Hotels 229 328 233 790

PPB 170 163 61 394 Dusit Thani Krabi & Villa 5 158 165 328 Layana 21 3 2 26 Tinidee Bangkok / Ranong 4 4 5 13 New Hotel 29

  • 29

Golf 17 18 18 53

Loch Palm & Red Mountain Golf Club 8 10 10 28 Riverdale & Bangkok Golf Club 9 8 8 25

Real Estate 787 714 1,101 2,602

High Rise projects 319 534 668 1,521 Low Rise projects 468 180 433 1,081

Foods 39 27 32 98

Food Court 36

  • 36

Restaurant 3 27 32 62

Total 1,392 1,428 1,569 4,389

Future Project Segment Financial Performance Company Overview

Unit : THB million

Future Project Capex Plans Segment Financial Performance Future Project Capex Plan Segment Financial Performance Company Overview

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FUTURE PROJECT

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Icon siam On going Financial Segment Performance Company Overview

PARK RIVERDALE – Phase II

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

RIVERDALE RESIDENCE

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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subject property Icon siam On going Financial Segment Performance Company Overview

QUARITZ RAMA 9

Future Project Segment Financial Performance Company Overview หมายเหต : ภาพจ าลองประกอบการน าเสนอ Future Project Capex Plan Segment Financial Performance Company Overview

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Icon siam On going Financial Segment Performance Company Overview

Quinn 101

Future Project Segment Financial Performance Company Overview Future Project Capex Plan Segment Financial Performance Company Overview

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Satisfaction Assessment

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Q & A

MBK Public Company Limited Investor Relations 8th Floor MBK Center 444 Phayathai Road Wangmai Pathumwan Bangkok 10330 Call 0-2853-7120 Fax 0-2853-7138 Email Inv@mbk-center.co.th Website www.mbkgroup.co.th