Opportunity Day L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 3 March - - PowerPoint PPT Presentation

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Opportunity Day L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 3 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 3 March 2011 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 3, 2011 1 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 4, 2010 1

Opportunity Day

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED

3 March 2011

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 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 3, 2011 3

Industry Overview

(From Opportunity Day March 4, 2010)

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

  • n 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 3, 2011 4

Industry Overview

The market situation had been very strong in 1Q10. Due to the political problem in 2Q10, all developers had slowed down launching the new projects. However, after all problems had been solved, the confidence of customer was

  • back. Therefore, they had started launching the new projects again at end of

3Q10 especially in mid-low end segment (1-2 MB) which made the market become very high competitive. Then the situation was cool down by new LTV regulation from BOT. Thus, the presales was not as good as expected and now most of developers are slowing down launching the new projects and trying to get rid of their inventories. Therefore, the developers have to be more careful

  • n continuing the business. The estimated condominium registration in 2011

will be 38,000 units. Influence

  • Increasing in cost due to the oil price increased
  • Decreasing in consumer’s confidence from higher inflation, political situation,

and rising in interest rate

  • New regulation from BOT and new city plan
  • Global situation: Riot in Arab and natural disaster
  • Consumer rights awareness
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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 5

Industry Overview

New Launched Project 2010

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  • ต

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 6

Industry Overview

New Launched Project 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 7

Industry Overview

Accumulation of New Condominium Project Launching

10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 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 - 2 MB 2 - 3 MB 3 - 5 MB > 5 MB

Unit

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 8

Industry Overview

Accumulation of Condominium Registration

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 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 - 2 MB 2 - 3 MB 3 - 5 MB > 5 MB

Unit

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 9

  • 20,000
  • 10,000

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

Units

  • 100

100 200 300

%

LPN

  • 732

848

  • 1,074

470

  • 325

470 1,538 1,596 1,176 2,389 3,333 3,050 8,009 6,281 6,144 7,869 Other 22,740 26,196 30,084 23,084 42,524 62,267 41,840 18,468 4,475 4,081 3,058 4,208 3,827 6,391 9,228 11,474 13,172 18,115 27,028 32,230 30,131 Growth (%) 8.05 24.47 58.30 26.29 102.05 199.97 118.47 0.00

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

24.13 58.27 82.33 80.56 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011(F)

Industry Overview

Condominium Registration

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 10

Industry Overview

Market Share of Residential Condominium

PRIN, 7% NOBLE, 2% SC, 2% Others, 9% Listed, 34% SPALI , 10% Non-Listed, 50% AP, 2% QH, 2% LPN, 16%

38,374 units of residential Condominium registered within 2010

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

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 11

Industry Overview

Registered Projects in 2010

2Q10

Lumpini Ville Bangkhae Lumpini Place Rama 9-Ratchada (Phase1)

3Q10

Lumpini CondoTown Ramintra-Nawamin (A-B-C) Lumpini Ville Ratburana-Riverview

4Q10

Lumpini CondoTown Bangkhae Lumpini Ville Latphrao-Chokchai 4 As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 12

Industry Overview

Market Share of Residential Condominium

SIRI, 9% SPALI, 5% LH, 4% LPN, 11% QH, 4% AP, 8% Listed, 58% Non-Listed, 31% PS, 13% Other, 11% PF, 4%

68,651 units of residential Condominium launched within 2010

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

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 13

Industry Overview

New Launched Projects in 2010

1Q10

Lumpini CondoTown Bangkhae Lumpini Place Rama4-Kluaynamthai Lumpini Place Ratchayothin

2Q10

Lumpini Condotown Ramintra–Nawamin (D)

3Q10

Lumpini Place Rama 9-Ratchada (Phase2)

4Q10

Lumpini Park-Riverside Rama 3

As of Dec 31 , 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 14 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 14

Business Overview

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 15

Business Overview

Total Income from Sales 2010

Lumpini Suite 2.2%

92 Units 213.31 MB

Lumpini Place 49.5%

2,205 Units 4,751.82 MB

Lumpini Ville 24.3%

1,794 Units 2,332.71 MB

Lumpini CondoTown 24.0%

2,514 Units 2,306.99 MB

Product Mix

6,605 Units 9,604.83 MB

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 16

Business Overview

The LPN’s Presale 2009-2010

1 ,6 5 7 4 ,5 4 1 6 ,8 1 1 ,8 4 1 6 ,5 5 1 8 ,6 1 9 1 1 ,9

1 5 ,0 8

4 ,1 3 7 3 ,3 5 2 3 ,5 8 3 ,7 7 3 ,2 5 7 2 ,2 6 2 2 ,0 7 4

4 ,5 7 1

4 ,0 8 ,0 1 2 ,0 1 6 ,0 2 ,0

1 Q 9 2 Q 9 3 Q 9 2 9 1 Q 1 2 Q 1 3 Q 1 2 1

(M B )

In v e n t

  • ry

& S to ck S ale V

  • lu

m e

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 17

Business Overview

The LPN’s Stock and Inventory 2009-2010

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 18

5 ,7 1 4 ,1 3 2 2 ,4 4 3 2 ,4 6 8 4 ,0 1 7 5 ,0 2 4 7 ,2 2 7 6 ,9 9 5 4 ,8 1 3 ,7 8 8 3 ,3 1 4 8 ,2 4 2 8 ,9 3 9 1 1 ,0 6

1 1 ,5 1 3 2 ,9 2

4 ,0 8 ,0 1 2 ,0 1 6 ,0 2 ,0

1 Q 9 2 Q 9 3 Q 9 1 Q 1 2 Q 1 3 Q 1

(M B )

R e g co g n ize in '1 2 R e g co g n ize in '1 1 R e g co g n ize in '1 R e g co g n ize in '0 9

Business Overview

The LPN’s Backlog 2009-2010 14,848 8,169 8,149 7,467 15,237 10,541

2012

13,740

2011 14,415

As of Dec 31 , 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 19

Business Overview

Recognized Project during the period 2011 to 2012

As of Feb 28, 2011

Projects

  • No. of Units

Project Value (MB) Launch Realized Period Sold Recognized Project Before 2011 Lumpini CondoTown Rattanathibet Lumpini Place Rama 8 Lumpini Ville Bangkhae Lumpini Place Rama 9-Ratchada (Phase 1) Lumpini CondoTown Ramintra-Nawamin [A,B,C] Lumpini Ville Ratburana-Riverview Lumpini CondoTown Bangkhae Lumpini Ville Lat Phrao-Chokchai 4 Recognized Project in 2011 Lumpini CondoTown Ramintra-Nawamin [D] Lumpini Place Rama 9-Ratchada (Phase 2) Lumpini Place Ratchayothin Lumpini Park Pinklao Lumpini Place Rama4-Kluaynamthai Lumpini CondoTown Nida-Seri Thai Recognized Project in 2012 Lumpini CondoTown Nida-Seri Thai 2 Lumpini Ville Lasalle-Barring Lumpini Park Riverside-Rama 3 1,944 1,131 271 1,165 1,808 1,028 795 1,026 690 1,165 1,827 2,702 887 607 798 1,028 2,373 12,042 1,796.00 1,956.00 311.00 2,859.00 1,727.00 1,284.00 686.00 1.423.00 11,901 576.00 2,575.00 3,200.00 3,600.00 1,500.00 450.00 7,040 640.00 900.00 5,500.00 4Q07 1Q08 4Q08 2Q08 2Q08 3Q09 1Q10 4Q09 2Q10 3Q10 1Q10 4Q09 1Q10 1Q11 1Q11 1Q11 4Q10 2Q09 4Q09 2Q10 2Q10 3Q10 3Q10 4Q10 4Q10 1Q11 1Q11 2Q11 3Q11 3Q11 4Q11 1Q12 1Q12 3Q12 86% 99% 100% 99% 94% 83% 92% 100% 100% 90% 100% 100% 100% 100% 30% 90% 53% Total 21,245 30,983

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 20

Business Overview

Target 2011

Company Target Under Downturn Situation

  • Income from sales

12,000 MB

(25% growth from 2010)

  • Sales Volume

16,000 MB

(7% growth from 2010)

  • New projects launch 16,000 MB

(15% growth from 2010) (Already secured 10 lands with the total project value 10,690 MB)

  • Reduce costs and expenses by re-process
  • Limit number of staffs
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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 21

Business Overview

Product Mix 2011

Lumpini Suite 0% Lumpini Place 20% Lumpini Ville 30% Lumpini CondoTown 50%

Product Mix 2011

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 22

Business Overview

New Launched Projects 2011 (Secured Land)

Project Name Unit Project Value

(MB)

Sold

(%)

Launch

(Q/Y)

  • 1. Lumpini Ville Lasalle-Barring

1,032 900 90% 1/11

  • 2. Lumpini Condotown Nida-Seri Thai

593 450 100% 1/11

  • 3. Lumpini Condotown Nida-Seri Thai 2

798 640 30% 1/11

  • 4. Lumpini Ville Phibulsongkhram
  • 900
  • 1/11
  • 5. Lumpini Place Pak Kret
  • 1,850
  • 1/11
  • 6. Lumpini Ville Pattanakarn
  • 1,650
  • 2/11
  • 7. Lumpini Condotown Bangna Trad
  • 1,500
  • 2/11
  • 8. Lumpini Condotown Naklua
  • 800
  • 2/11
  • 9. Lumpini Place Northern Pattaya
  • 800
  • 2/11
  • 10. Lumpini Place Bangkhae-Phetchakasem
  • 1,200
  • 3/11

Total 10,690

As of Feb 28, 2011

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 23

Business Overview

New Launched Projects 2011 (Secured Land)

Lumpini Ville Lasalle-Barring Lumpini CondoTown Nida-Serithai1-2 Bangna-Trad Pattanakarn Bangkhae-Petchkasem Phibun Songkhram Pakkred

LPARK-RS RM 3
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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 24

Business Overview

Lumpini CondoTown Nida-Seri Thai

LT-NS (Phase 1) Bungkum

NIDA 0.6 km.

Lumpini Center Happyland Lam Sali Intersection 2.2 km. LT-NS (Phase 2)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 25

Business Overview

Lumpini CondoTown Nida-Seri Thai Lumpini CondoTown Nida-Seri Thai Project Value : 450 MB

  • No. of Units

: 593 Launching : 1Q11 (28 Jan – 26 Feb) Sales Status : 100% Realized : 4Q11 Visited Customer : 4,412 persons Lumpini CondoTown Nida-Seri Thai 2 Project Value : 640 MB

  • No. of Units

: 798 Launching : 1Q11 (26 Feb) Sales Status : 30% Realized : 1Q12

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 26

Business Overview

Lumpini CondoTown Nida-Seri Thai

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 27

Business Overview

Lumpini Ville Lasalle-Barring

LV-LB BITEC

BTS Barring Station 2.8 km. Bangkok Pattana International School

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 28

Business Overview

Lumpini Ville Lasalle-Barring Lumpini Ville Lasalle-Barring Project Value : 900 MB

  • No. of Units

: 1,028 Launching : 1Q11 (4-26 Feb) Sales Status : 90% Realized : 1Q12 Visited Customers : 5,112 persons

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 29

Business Overview

Lumpini Ville Lasalle-Barring

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 30 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 30

LPN Projects

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 31

LPN Projects

Construction Progress

No. Projects Progress (%) Schedule 1. 2. 3. 4. 5. 6. Finished Project in 2011 Lumpini CondoTown Ramintra-Nawamin (D) Lumpini Place Rama 9-Ratchada (Phase 2) Lumpini Place Ratchayothin Lumpini Park Pinklao Lumpini Place Rama4-Kluaynamthai Finished Project in 2012 Lumpini Park Riverside-Rama 3 100.0 100.0 72.6 78.1 26.0 2.7 1Q11 1Q11 2Q11 3Q11 3Q11 3Q12

As of Feb 15 , 2011

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 32

LPN Projects : Construction Progress

Recognized in 1Q11 : Lumpini CondoTown Ramintra-Nawamin (D)

15/02/11 Tower D Tower C Tower A

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 33

LPN Projects : Construction Progress

Recognized in 1Q11 : Lumpini Place Rama 9-Ratchada (P2)

15/02/11

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 34

Roof-Deck

(from 20 storey) Tower A

LPN Projects : Construction Progress

Recognized in 2Q11 : Lumpini Place Ratchayothin

15/02/11 Tower B Tower C Tower D

Roof-Deck

(from 20 storey)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 35

20th Floor

(from 20 storey) Tower A Tower B

Roof-Deck

(from 20 storey)

LPN Projects : Construction Progress

Recognized in 3Q11 : Lumpini Park Pinklao

15/02/11

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 36

LPN Projects : Construction Progress

Recognized in 3Q11 : Lumpini Place Rama 4- Kluaynamthai

15/02/11

11th Floor

(from 28 storey)

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 37

LPN Projects

Construction Progress

No. Projects Progress (%) Schedule 1. 2. 3. 4. 5. 6. Finished Project in 2011 Lumpini CondoTown Ramintra-Nawamin (D) Lumpini Place Rama 9-Ratchada (Phase 2) Lumpini Place Ratchayothin Lumpini Park Pinklao Lumpini Place Rama 4-Kluaynamthai Finished Project in 2012 Lumpini Park Riverside-Rama 3 100.0 100.0 72.6 78.1 26.0 2.7 1Q11 1Q11 2Q11 3Q11 3Q11 3Q12

As of Feb 15 , 2011

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 38

LPN Projects : Construction Progress

Recognized in 4Q11 : Lumpini Park Riverside-Rama 3 Piling Work

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 39 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 26, 2009 39

Financial Highlights

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 40

Financial Highlights

Income from Sales

9,605

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

3079%

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 2010 2010 MB

  • 300%

200% 700% 1200% 1700% 2200% 2700% 3200%

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 3, 2011 41

Financial Highlights

Cost of Goods Sales

3,214

6,357

4,295 4,826 5,678 384 308 377 381 750 1,207 1,499 2,160

66%

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 2010 2010 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 3, 2011 42

Financial Highlights

Gross Profit from Sales

1,534 2,279 2,193

3,319

  • 113

23

  • 2

29 162 548 810 1,187 2,590

34%

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 3,000 3,250 3,500 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 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 3, 2011 43

Financial Highlights

S&A Expenses

1,141

586 754 585 805 448 365 230 144 112 115 142 266

11%

8% 9% 12% 11% 12% 13% 15% 15% 35% 73% 26% 24% 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1998 1998 1999 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 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 3, 2011 44

Financial Highlights

EBIT

2,319

1,393 1,097 1,710 1,959

  • 174
  • 529
  • 106

149 61 467 515 876 21% 24%

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 2,200 2,400 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 MB

  • 150%
  • 100%
  • 50%

0% 50% 100%

EBIT EBIT / Revenues

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 45

271 331 376 410 912 1,754 2,309 3,346 4,748 6,574 7,019 8,268 9,857 (13.58) (8.30) (1.19) 6.55 2.01 4.97 0.41 0.43 0.52 0.63 0.82 0.95 1.11 0.00 0.00 0.00 0.00 1.00 2.50 0.20 0.22 0.26 0.32 0.41 0.50 0.56

(15) (10) (5) 5 10 15 (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 2010 2010 Baht MB

Revenue EPS Dividend Par r = 1 Par r = 10 10

Financial Highlights

Dividend

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Industry Overview Business Overview LPN Projects Financial Highlights

L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED | Opportunity Day | March 3, 2011 46

Financial Operation Development

  • Already secured 99.5% of target revenue 2011
  • The expected presale volume is about 16,000 MB
  • To maintain the average Gross Margin not to be lower than 30%
  • There will be 6 finished projects and will be transferred in this year with the

total projects value of 11,901 MB

  • Most of the construction will be finished before end of 3Q11
  • Planning to launch new projects with the total value of 16,000 MB
  • Brand communication to be in line with downturn situation
  • Control costs and expenses
  • Concerning more on project sizing to match with the demand
  • 22 sq.m. unit will be main product this year
  • CondoTown is still our flagship
  • Expand the market to up-country

Financial Highlights

2011 Business Highlights