Opportunity Day 25 May 2012 1 Outline Ou tline Project Pr - - PowerPoint PPT Presentation

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Opportunity Day

25 May 2012

Ou Outline tline

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Over ervie view Fina inancial ncial Summary mmary

Pr Project

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Ov Overv rvie iew

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Founded : 1994 Employee : 78 (as of Mar 12) Vision Unlike other developers, we create a place for people first then for business.

Bu Busi sine ness ss Ov Overv rvie iew

4 3 centers:

• Maruay Market
• Piyarom
• Family Center

Chang watthana

TOTAL Rental Space 375,218 sq.m

54 %

202,713 sq.m.

40 %

151,190 sq.m.

5 %

17,115 sq.m.

Retail Property Development

• Convenience Center
• Neighborhood Center
• Stand-Alone Retail Store
• Lifestyle center
• Power Center
• Entertainment Center

4 centers:

• Petchkasem
• Ekkamai
• Ratchayothin
• Mega Bangna

23 centers 1 center: Imagine Village (Bangkok University)

1 %

4,200 sq.m.

Development Timeline

1994

Established “Siam Future Development”

1995 Opened first open-air shopping center “Bangbon” 1996 Opened “Prachautid” and “Sukaphiban 3” 1998 Opened “Sukhumvit 71” 2000 Opened 2 Convenient centers and 8 B-quik centers 2002 Listed in MAI and

• pened “Thonglo”

2003 Listed in SET PP to Major Cineplex Group and opened “Thungmahamek” 2004 Opened “Changwattana”, “Ladprao120”, ”Chachoengsao”, “Piyarom Place” and “J Avenue” 2005 Opened “Wanghin 2”, “Petchkasem” and “Ekkamai” 2006 Completed “Changwattana”, “La-villa” and “Esplanade” 2007 Opened “Pattaya” and “Kao-yai” 2008 Opened “Nawamin” and “Ratchayothin” 2009 Opened “Nawamin City Avenue” 2011 Open “Nawamin Festival Walk” and “1st IKEA Store” 2012 (NEW) Open “Mega Bangna”

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Ou Our Pr r Prop

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Shopping Centers Formats 2010 2011 2012 (F) Average size (sq.m.)

• No. of

centers GLA* (sq.m.)

• No. of

centers GLA* (sq.m.)

• No. of

centers GLA* (sq.m.) Lifestyle Center 6 68,324 7 75,999 7 75,999 10,000 Power Center 3 67,217 3 67,217 3 67,217 22,500 Entertainment Center 1 43,241 1 43,241 1 43,241 43,000 Neighborhood Center 8 39,807 8 39,807 8 39,807 5,000 Convenience Center 4 2,943 4 2,943 3 2,166 700 Automotive Service center 7 2,588 7 2,588 7 2,588 400 Super Regional 1 140,000 140,000 Total 29 224,120 30 231,795 30 371,018 12,400 Occupancy Rate 98% 97% 97% * GLA stands for gross leasable area Upcoming Project Sq.m. Imagine Village (Oct-12) 4,200

Pojkasemsin Group

Sha hareh rehol

• ldi

ding ng Str truc uctu ture re

23% 17% 34% 26% Management Major Cineplex Group PLC. Others Foreigners 12% 2% 8% 5%

Jantaraprapa Group Witoonchart Group Suttapong Group

Number of shares: 1,169,862,645 ปิดสมุดทะเบียน ณ วันที่ 10 พฤษภาคม 2555

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Over ervie view Fina inancial ncial Summary mmary Project

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In Incom

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e Sta tate temen ment

9 1,697 1,565 2,138 1,566 1,327 615 411 1,160 850 1,158 226 186 518 776 1,094

500 1,000 1,500 2,000 2,500 Y2008 Y2009 Y2010 Y2011 Q1/2012

Total Revenue EBIT Net Profit

(Million Baht)

Ba Bala lanc nce e She heet

7,185 8,604 10,485 10,418 11,409 5,027 5,642 6,215 5,919 5,809 2,158 2,963 4,269 4,498 5,600

2,000 4,000 6,000 8,000 10,000 12,000 Y2008 Y2009 Y2010 Y2011 Q1/2012

Assets Liabiilites Equity 10

(Million Baht)

Debt bt Str truc uctu ture re (M (MB) B)

11 Loan Repayment Schedule (MB) 2012 2013 2014 2015 2016 97.75 77.50 55 38.75

• BOND Repayment Schedule (MB)

2012 2013 2014 2015 2016

• 1,200

500

• Total Debts= 1,969

Average Interest Rate = 5.23%

D:E ratio Y08 = 1.35 Y09 = 1.14 Y10 = 0.53 Y11 = 0.47 Q1/12 = 0.35

Bank Loan 269 14% Bond 1700 86%

As of 31 Mar 2012

Sha hare re Ov Overv rvie iew w and nd Div Divid idend nd

INDEX 2007 2008 2009 2010 2011 Q1/2012 SET Index 858 450 735 1,033 1,025 1,197 SF (stock price) 12.00 3.50 3.32 5.70 6.30 7.65 Market Cap (MB) 6,107 1,796 3,407* 5,873 6,528 7,955

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Share Overview Par Value (Baht) 1.00 Stock Price (21 May 12) 7.80 Share Capital (M shares) 1,170 Market Cap (MB) 9,125 P/E (times) 5.39 P/BV (times) 1.74 Dividend Summary 2007 2008 2009 2010 2011 Par Value (Baht) 1.00 1.00 1.00 1.00 1.00 Dividend/share 0.25

• 0.12

0.15 0.13889** Dividend Paid (MB) 128

• 123

155 Stock Dividend 8:1 Dividend Payout Ratio 42%

• 67%

66% 97%

Note: 40% of net profit **Stock dividend & existing shares: 1 new share Note:* 1:1 Right Offering

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Over ervie view Fina inancial ncial Summary mmary Project

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Expa pans nsio ion n Pla lan

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34,079 36,972 61,248 96,837 188,514 219,641 237,308 235,229 224,120 95% 99% 97% 95% 95% 95% 98% 95% 98% 97% 50% 55% 60% 65% 70% 75% 80% 85% 90% 95% 100% 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012F 2013F New Projects Mega Bangna Imagine Village Nawamin Festival Walk Existing Occupancy Rate 231,795 375,218 405,218 GLA (sq.m.)

Expa pans nsio ion n Pla lan* n*

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Total Investment 1,055 MB Net Investment 860 MB Opening 2013

* Subject to change upon future situation

GLA (sq.m.) 1 Neighborhood Center 15,000 2 Lifestyle Center (expansion) 7,500 3 Neighborhood Center (expansion) 7,500 Total 30,000

Grand Opening (5-5-55)

Opening Parade

Mega Bangna

ANCHORS

Mega Cineplex IKEA Robinson

ANCHORS

HomePro Big C Extra

Mini ANCHORS

MEGA Facts

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Land Area 254 Rais Leasable Area 140,000 sq.m. Total Area 400,000 sq.m. Tenants 440 shops Parking Space 8,000 cars & 2,200 Motorcycles Opening IKEA – 3 Nov 2011 MEGA – 5 May 2012

BTS Station

MEGA Location

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Bangna-Trad Road km.8(Inbound) & Bangplee-Suksawat Expressway

Airport Rail Link

From Bangkok From Bang Pa-In # 1 From Bang Pakong # 2 From Bang Khun Thian (Rama II)

Toll Plaza (Bangna Exit) Toll Plaza

From Bang Pakong #1 IKEA ENTRANCE/EXIT

Sub-Entrance/Exit SOI U-SABAI

780 m. 400 m.

MEGA Accessibility

PUBLIC TRANSPORTATION

• 15 Commuter Van Routes

confirmed and more to come

• 4 Million visitors per annum
• Capture commuters from

2 hour radius

Mega Transportation Interchange

Taxi queue Coach Parking area : 10 slots Van parking : 63 slots,can park around30 line Bus terminal area: 6 lines

18% 31% 51%

Tenants Mixes

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Anchors 91,500 sq.m. Mini-anchors 33,000 sq.m. Tenants 55,500 sq.m. 34% 24% 43%

97% LEASED!

As of: 11 May 2012

200 LEADING FASHION BRANDS

100 GREAT DINING CHOICES

40 GREAT BEAUTY CONCEPTS

15 STYLISH HOME STORES

15 LEADING FINANCIAL INSTITUTIONS

20 FUN STORES

50 GREAT CONCEPT STORES

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Thank You