Opportunity Day L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 04 March - - PowerPoint PPT Presentation

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Opportunity Day L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 04 March - - PowerPoint PPT Presentation

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Industry Overview Business Overview LPN Projects Financial Highlights Opportunity Day L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 04 March 2010 Presented by Opas Sripayak Managing Director of L.P.N. Development Public Company Limited L.P.N.

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 1

Opportunity Day

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED

04 March 2010

Presented by Opas Sripayak Managing Director of L.P.N. Development Public Company Limited

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 2

Industry Overview

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 3

Industry Overview

(From Opportunity Day March 26,2009) The overview of property market is expected to be declined in the long run due to the negative indicator and downturn of economic situation. However; the government planned to stimulate the investment and domestic consumption by property sector. nevertheless, the property market may slow down and some developer will be quit from developing condominium projects in this year. Meanwhile, the number of condominium to be registered in this year are expected to be about 35,000 units.

Influence

  • Downturn of economic situation.
  • World financial crisis causing the loan more strictness approval from bank.
  • Oil price and the construction cost are decreasing from last year.
  • More political stability causing higher consumer’s confidence.
  • Government Policy stimulate the domestic investment, consumption and

Mega-projects.

  • Very low interest rate are encourage the demand and affordability.
  • Decline of Inflation that affect to cost of living.
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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 4

Industry Overview

The market situation has been improved from the 2nd half of 2009 due to the consumer’s confidence and economic situation were getting better. Therefore, the condominium market is now back on track with more competitive once again. However, the result of the discontinuing of tax benefit, which helps stimulate the property sector, by the government would lead to increasing in the price of the property. Nevertheless, the developers have to be more careful on continuing the business because of the risk from the uncertainty of the current economic, politic, and social situation. The estimated condominium registration in 2010 will be 40,000 units

Influence

  • The positive growth of the GDP and low interest rate
  • New mass transit system and new BOI regulation helps stimulate the market
  • Continuing of the economic crisis in both EU and USA
  • Increasing in cost due to the oil price increased
  • The strictness in loan from the bank
  • Discontinuing of the tax benefit from the government
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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 5

Industry Overview

Finished Project in 2009

Condominium Registered in 2009 and 2010(forecast) New Project Launch in 2009 which are Registered after 2010(forecast)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 6

5,000 10,000 15,000 20,000 25,000 30,000 Jan 09 Jan 10 Feb 09 Feb 10 Mar 09 Mar 10 Apr 09 Apr 10 May 09 May 10 Jun 09 Jun 10 Jul 09 Jul 10 Aug 09 Aug 10 Sep 09 Sep 10 Oct 09 Oct 10 Nov 09 Nov 10 Dec 09 Dec 10

< 1 MB 1 - 3 MB 3 - 5 MB > 5 MB

Industry Overview

Accumulation of New Condominium Project Launching

Unit

As of Jan 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 7

5,000 10,000 15,000 20,000 25,000 30,000 35,000 Jan 09 Jan 10 Feb 09 Feb 10 Mar 09 Mar 10 Apr 09 Apr 10 May 09 May 10 Jun 09 Jun 10 Jul 09 Jul 10 Aug 09 Aug 10 Sep 09 Sep 10 Oct 09 Oct 10 Nov 09 Nov 10 Dec 09 Dec 10

< 1 MB 1 - 3 MB 3 - 5 MB > 5 MB

Industry Overview

Accumulation of Condominium Registration

Unit

As of Jan 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 04, 2010 8

Industry Overview

Condominium Registration

  • 20,000
  • 10,000

10,000 20,000 30,000 40,000 50,000 60,000 70,000

  • 100

100 200 300

LPN

  • 732

848

  • 1

,074 470

  • 325

470 1 ,538 1 ,596 1 ,1 76 2,389 3,333 3,050 8,009 6,281 6,1 1 8 Others 22,74 26,1 96 30,08 23,08 42,52 62,26 41 ,840 1 8,468 4,475 4,081 3,058 4,208 3,827 6,391 9,228 1 1 ,474 1 3,1 72 1 8,1 1 5 27,02 33,88 Growth(% ) 8.05 24.47 58.30 26.29 1 02.05 1 99.97 1 1 8.47 0.00

  • 63.70 -72.83 -80.42 -72.70 -74.23 -64.05 -44.80 -29.64 -22.92 24.1

3 58.27 90.06 1 991 1 992 1 993 1 994 1 995 1 996 1 997 1 998 1 999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 201 0F

Source : Land Department

Unit

% % % %

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 9

Business Overview

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 10

AREEYA, 7% SIRI, 5% Others, 9%

LPN, 20%

SPALI, 4% PS, 6% Other, 39% Non-Listed, 41% AP, 8%

33,309 units of residential Condominium registered within 2009

Source : Land Department, L.P.N., (Greater Bangkok only)

Business Overview

Market Share of Residential Condominium

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 11

Lumpini Suite 18.4%

633 Units 1,522.45 MB

Lumpini Place 19.7%

944 Units 1,634.33 MB

Lumpini Ville 42.2%

2,694 Units 3,489.52 MB

Lumpini CondoTown 19.5%

1,852 Units 1,608.92 MB

PST 0.2%

3 Units 12.77 MB

Product Mix

6,126 Units 8,267.99 MB

Business Overview

Total Income from Sales

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 12

Per Week Quarter / Year Average 2009 Average 2008 1/09 2/09 3/09 4/09 Site Visit Persons

336 539 326 768 492 348

Sales Volume Unit

91 203 129 311 181 109

MB

125.47 221.65 172.45 437.17 235.76 172.95 Sales Ratio (Unit/Site Visit) 3.69 : 1 2.66 : 1 2.53 : 1 2.47 : 1 2.72 : 1 3.19 : 1

Quarter / Year Total 2009 Total 2008 1/09 2/09 3/09 4/09 MB

1,656.80 2,884.56 2,268.49 4,031.09 10,840.94 9,166.51

MB

1,977.75 2,225.30 2,072.74 1,979.44 8,255.23 7,014.42

Result of 2009 Sales Presales Income

Business Overview

Result of 2009

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 13

Business Overview

The LPN’s Back Log 2009-2011

6 ,6 50 6 ,8 0 0 5,70 0 5,550 5,50 0 4 ,13 0 3 ,0 2 0 2 ,9 2 0 2 ,4 4 0 2 ,3 2 0 2 ,8 10 2 ,53 0 2 ,58 0 4 ,0 10 4 ,750 4 ,9 3 0 5,0 2 0 5,12 0 5,4 8 0 7,2 3 0 7,2 6 0 7,2 9 0 2 ,4 70 2 ,3 8 0 2 ,150 3 ,4 8 0 3 ,4 2 0 3 ,3 10 2 ,8 2 0 4 ,0 6 0 4 ,3 9 0 4 ,14 0 3 ,9 3 0 3 ,6 10 3 ,3 50 3 ,9 70 3 ,6 4 0 3 ,58 0 3 ,4 50 4 ,6 8 0 3 ,710 3 ,79 0 3 ,4 9 0

2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000

Jan 09 Feb 09 M ar 09 Apr 09 M ay 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 1 Feb 1

2009 Backlog 2010 Backlog 2011 Backlog Stock MB

As of Mar 1 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 14

Projects

  • No. of Units

Project Value (MB) Launch Realized Period Sold Recognized Project Before 2010 Lumpini Place Ratchada-Thapra Lumpini CondoTown Bodindecha-Ramkhamhaeng Lumpini CondoTown Rattanathibet Lumpini Ville Ramkamhaeng 26 Lumpini Place Rama 8 Lumpini Suite Rama 8 Lumpini Place Ramintra-Laksi Recognized Project in 2010 Lumpini Ville Bangkhae Lumpini Place Rama 9-Ratchada (Phase 1) Lumpini CondoTown Ramintra-Nawamin [A,B,C] Lumpini CondoTown Bangkhae Lumpini Ville Ratburana-Riverview Lumpini Ville Lat Phrao-Chokchai 4 Recognized Project in 2011 Lumpini CondoTown Ramintra-Nawamin [D] Lumpini Place Rama 9-Ratchada (Phase 2) Lumpini Park Pinklao Lumpini Place Rama4-Kluaynamthai Lumpini Place Ratchayothin 851 3,445 1,949 998 1,131 182 516 271 1,165 1,833 795 1,028 1,026 735 1,165 2,702 887 1,827 10,300 1,500 2,800 1,600 1,300 1,900 400 800 7,730 300 2,600 1,610 660 1,200 1,360 11,240 640 2,600 3,600 1,500 2,900 2Q06 1Q07 4Q07 1Q08 1Q08 1Q08 1Q09 4Q08 2Q08 2Q09 1Q10 3Q09 4Q09 2Q10 2Q10 4Q09 1Q10 1Q10 1Q08 2Q08 2Q09 3Q09 4Q09 1Q10 1Q10 2Q10 2Q10 3Q10 3Q10 4Q10 4Q10 1Q11 1Q11 2Q11 3Q11 4Q11 97% 98% 66% 92% 80% 92% 91% 92% 86% 88% 52% 64% 100%

  • 92%
  • Total

22,506 29,270

Business Overview

Recognized Project during the period 2010 to 2011

As of Mar 1 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 15

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

2008 2009 2010 Person LV-RR 1,328 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec LT-BK

  • Avg. 2008 = 348 persons/week, Avg. 2009 = 492 persons/week

LPARK-PK LV-LC 4 LT-RN (C) LT-RN

Business Overview

The Comparison of Site Visit Feedback during the period 2008 to 2010

As of Mar 1 , 2010

LP-RM 8 LS-RM 8 LV-BK LP-RM 9 LP-RL LV-RK 26

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 16

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

2008 2009 2010 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Unit 83

Business Overview

The Comparison of Weekly Sales Volume between 2008 and 2010

  • Avg. 2008 = 109 units/week, Avg. 2009 = 181 units/week

LT-RN LT-RN (C) LV-RR LPARK-PK LV-LC 4 LT-BK

As of Mar 1 , 2010

LP-RM 8 LS-RM 8 LV-BK LP-RM 9 LV-RK 26 LP-RL

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 17

%

5.71 3.78 11.29 9.16 9.72 9.77 9.53 7.67 7.98 7.65 8.19 8.84 7.92 8.90 8.58 9.91 10.33 10.7210.42 11.02 12.2512.46 11.9912.05 10.07 10.64

5 10 15

Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10

Business Overview

Post Finance Reject Rates

As of Mar 1 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 18

LPN Projects

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 19

LPN Projects

Construction Progress

No. Projects Progress (%) Schedule 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Finished Project in 2009 Lumpini Ville Prachachuen-Pongpetch Lumpini Suite Pinklao Lumpini CondoTown Rattanathibet Lumpini Ville Ramkamhaeng 26 Lumpini Place Rama 8 Lumpini Suite Rama 8 Lumpini Place Ramintra-Laksi Finished Project in 2010 Lumpini Ville Bangkhae Lumpini Place Rama 9-Ratchada (Phase 1) Lumpini CondoTown Ramintra-Nawamin Lumpini Ville Ratburana-Riverview Lumpini Ville Latphrao-Chokchai 4 New Project Launch in 2010 Lumpini CondoTown Bangkhae Lumpini Place Rama4-Kluaynamthai Lumpini Place Ratchayothin 100.0 100.0 100.0 100.0 100.0 100.0 100.0 71.2 69.8 10.5 11.1 0.0 0.0 0.0 0.0 1Q09 2Q09 2Q09 3Q09 4Q09 1Q10 1Q10 2Q10 2Q10 3Q10-1Q11 4Q10 4Q10 3Q10 3Q11 4Q11

As of Mar 1 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 20

LPN Projects

Finished Project : Recognized in 2009

1Q09

Lumpini Ville Prachachuen-Phongphet [LV-PP]

2Q09

Lumpini CondoTown Ratanathibet [LT-RB] Lumpini Suite Pinklao [LS-PK]

3Q09

Lumpini Ville Ramkhamhaeng 26[LV-RK26]

4Q09

Lumpini Suite and Place Rama 8 [LS-RM8, LP-RM8]

Lumpini Place Ramintra-Laksi [LP-RL]

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 21

LPN Projects

Construction Progress

No. Projects Progress (%) Schedule 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Finished Project in 2009 Lumpini Ville Prachachuen-Pongpetch Lumpini Suite Pinklao Lumpini CondoTown Rattanathibet Lumpini Ville Ramkamhaeng 26 Lumpini Place Rama 8 Lumpini Suite Rama 8 Lumpini Place Ramintra-Laksi Finished Project in 2010 Lumpini Ville Bangkhae Lumpini Place Rama 9-Ratchada (Phase 1) Lumpini CondoTown Ramintra-Nawamin Lumpini Ville Ratburana-Riverview Lumpini Ville Latphrao-Chokchai 4 New Project Launch in 2010 Lumpini CondoTown Bangkhae Lumpini Place Rama4-Kluaynamthai Lumpini Place Ratchayothin 100.0 100.0 100.0 100.0 100.0 100.0 100.0 71.2 69.8 10.5 11.1 0.0 0.0 0.0 0.0 1Q09 2Q09 2Q09 3Q09 4Q09 1Q10 1Q10 2Q10 2Q10 3Q10-1Q11 4Q10 4Q10 3Q10 3Q11 4Q11

As of Mar 1 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 22

LPN Projects : Construction Progress

Recognized in 2Q10 : Lumpini Ville Bangkhae

31/01/10

Roof Deck

(from 22 storey)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 23

Roof Deck

(from 25 storey) Tower A Tower B

Roof Deck

(from 30 storey)

LPN Projects : Construction Progress

Recognized in 2Q10 : Lumpini Place Rama9-Ratchada (P1)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 24

4th Floor

(from 25 storey) Tower A, B Tower C

2nd Floor

(from 25 storey) 31/01/10

LPN Projects : Construction Progress

Recognized in 3Q10 : Lumpini CondoTown Ramintra-Nawamin

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 25

5th Floor

(from 31 storey) Tower A Tower B

7th Floor

(from 29 storey)

LPN Projects : Construction Progress

Recognized in 4Q10 : Lumpini Ville Ratburana-Riverview

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 26

Piling Work

LPN Projects : Construction Progress

Recognized in 4Q10 : Lumpini Ville Latphrao-Chokechai4

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 27

Tower B Tower A

Piling Work

31/01/10

LPN Projects : Construction Progress

Recognized in 4Q10 : Lumpini Park Pinklao

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 28

LPN Projects

Construction Progress

No. Projects Progress (%) Schedule 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Finished Project in 2009 Lumpini Ville Prachachuen-Pongpetch Lumpini Suite Pinklao Lumpini CondoTown Rattanathibet Lumpini Ville Ramkamhaeng 26 Lumpini Place Rama 8 Lumpini Suite Rama 8 Lumpini Place Ramintra-Laksi Finished Project in 2010 Lumpini Ville Bangkhae Lumpini Place Rama 9-Ratchada (Phase 1) Lumpini CondoTown Ramintra-Nawamin Lumpini Ville Ratburana-Riverview Lumpini Ville Latphrao-Chokchai 4 New Project Launch in 2010 Lumpini CondoTown Bangkhae Lumpini Place Rama4-Kluaynamthai Lumpini Place Ratchayothin 100.0 100.0 100.0 100.0 100.0 100.0 100.0 71.2 69.8 10.5 11.1 0.0 0.0 0.0 0.0 1Q09 2Q09 2Q09 3Q09 4Q09 1Q10 1Q10 2Q10 2Q10 3Q10-1Q11 4Q10 4Q10 3Q10 3Q11 4Q11

As of Mar 1 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 29

Bangkhae Ratchayothin Rama4-Kluaynamthai

LPN Projects

New Project Launch in 1Q10

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 30

Sukhaphiban1 Road Site Location 300 m. MRT Blue Line Extension Lumpini Ville Bangkhae

LPN Projects : New Project Launch in 1Q10

Recognized in 3Q10 : Lumpini CondoTown Bangkhae

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 31

LPN Projects : New Project Launch in 1Q10

Recognized in 3Q10 : Lumpini CondoTown Bangkhae

Project Details

Location : Petchkasem Rd. Type : Low Rise (8 Storey) Project Value : 660 MB

  • No. of Units

: 795 Launching : 1Q10 Sales Status : 52% Realized : 3Q10

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 32 Wachirabenchatat Park

Site Location MRT BTS BTS Green line Extension

0.50 km.

Ratchayothin Station 50m.

0.35 km. 1.65 km.

LPN Projects : New Project Launch in 1Q10

Recognized in 4Q11 : Lumpini Place Ratchayothin

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 33

LPN Projects : New Project Launch in 1Q10

Recognized in 4Q11 : Lumpini Place Ratchayothin

Project Details

Location : Phaholyothin Rd. Type : Middle Rise (20 Storey) Project Value : 2,900 MB

  • No. of Units

: 1,827 Launching : 1Q10 Sales Status : Realized : 4Q11

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 34

N

Typical Floor Plan

LPN Projects : New Project Launch in 1Q10

Recognized in 4Q11 : Lumpini Place Ratchayothin

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 35

LPN Projects : New Project Launch in 1Q10

Recognized in 4Q11 : Lumpini Place Ratchayothin

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 36

LPN Projects : New Project Launch in 1Q10

Recognized in 4Q11 : Lumpini Place Ratchayothin

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 37

LPN Projects : New Project Launch in 1Q10

Recognized in 4Q11 : Lumpini Place Ratchayothin

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 38

MRT BTS

Site Location Bangkok University Port Authority Of Thailand Stock Exchange

  • f Thailand

Queen Sirikit National Convention

Maleenon Tower

LPN Projects : New Project Launch in 1Q10

Recognized in 3Q11 : Lumpini Place Rama4-Kluaynamthai

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 39

LPN Projects : New Project Launch in 1Q10

Recognized in 3Q11 : Lumpini Place Rama4-Kluaynamthai

Project Details

Location : Rama 4 Rd. Type : Middle Rise (28 Storey) Project Value : 1,500 MB

  • No. of Units

: 887 Launching : 1Q10 Sales Status : Realized : 3Q11

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 40

N

Typical Floor Plan

LPN Projects : New Project Launch in 1Q10

Recognized in 3Q11 : Lumpini Place Rama4-Kluaynamthai

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 41

Financial Highlights

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 42

Financial Highlights

Income from Sales

271 331 376 410 912 1,754 2,309 3,346 8,268 7,019 6,574 4,748 548% 51% 39% 0% 22% 237% 753% 1136% 1654% 2329% 2493% 2954% 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 MB 0% 500% 1000% 1500% 2000% 2500% 3000%

Income from Sales Growth (Base on 1998)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 43

Financial Highlights

Cost of Goods Sales

3,214 4,295 4,826 5,678 384 308 377 381 750 1,207 1,499 2,160 69% 69% 65% 93% 100% 142% 93% 82% 65% 65% 68% 69% 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 MB 0% 20% 40% 60% 80% 100% 120% 140%

Cost of goods sold Cost / Income

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 44

Financial Highlights

Gross Profit from Sales

1,534 2,279 2,193 (113) 23 (2) 29 162 548 810 1,187 2,590 7% 0%

  • 42%

7% 18% 35% 35% 32% 31% 35% 31% 31%

  • 250

250 500 750 1,000 1,250 1,500 1,750 2,000 2,250 2,500 2,750 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 MB

  • 50%
  • 40%
  • 30%
  • 20%
  • 10%

0% 10% 20% 30% 40%

G/P from Sales G/P From Sales / Income

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 45

Financial Highlights

S&A Expenses

586 754 585 805 448 365 230 144 112 115 142 266 8% 9% 12% 11% 12% 13% 15% 15% 35% 73% 26% 24% 100 200 300 400 500 600 700 800 900 1,000 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 MB 0% 10% 20% 30% 40% 50% 60% 70% 80%

S&A Expenses S&A Expenses / Revenues

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 46

Financial Highlights

EBIT

1,393 1,097 1,710 1,959 (174) (529) (106) 149 61 467 515 876 21% 24% 24% 32%

  • 23%
  • 48%
  • 129%

6% 21% 25% 22% 25%

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

200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 MB

  • 150%
  • 100%
  • 50%

0% 50% 100%

EBIT EBIT / Revenues

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 47

9,600 8,268 7,019 6,574 4,748 3,346 2,309 1,754 912 410 376 331 271

(1 3.58) (8.30) 0 .9 5 0.82 0.63 0.52 0.43 0.41 4.97 2.01 6.55 (1 .1 9) 0.00 1 .00 0.20 0.22 0.26 0.32 0.41 0 .50 2.50 0.00 0.00 0.00

(6,000) (4,000) (2,000) 2,000 4,000 6,000 8,000 10,000 12,000 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004* 2004* 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010F 2010F MB (15) (10) (5) 5 10 15 Baht

Revenue EPS Dividend

Par r = 1 Par r = 10 10

Financial Highlights

Dividend

slide-48
SLIDE 48

Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 48

Financial Operation Development

  • To enhance growth rate of presale and revenue recognition at 20% increase
  • The expected presale volume is about 13,000 MB and
  • The revenue recognition is about 9,600 MB.
  • To maintain the average Gross Margin not to be lower than 30%.
  • Maintain free cash flow not to be lower than 500 MB.
  • Backlog ’10 = 7,227 MB and Backlog ’11 = 3,314 MB.
  • Target for inventory clearance before end of 3Q10.
  • There will be 6 finished projects and will be transferred in this year with the

total projects value of 7,730 MB.

  • Enhance brand communication to the public
  • Planning to launch new 6-8 projects (total value about 13,000-15,000 MB)
  • Concerning about project sizing that match with the demand.
  • Developing the project with more green concept.
  • Revise pricing strategy by cost leadership strategy and product development
  • CondoTown is still our flagship
  • Expand the market to up-country

Financial Highlights

2009 Business Highlights