CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
13 March 2019 @ The Stock Exchange of Thailand Building
PERFORMANCE 2018 – OPPORTUNITY DAY
PERFORMANCE 2018 OPPORTUNITY DAY 13 March 2019 @ The Stock - - PowerPoint PPT Presentation
PERFORMANCE 2018 OPPORTUNITY DAY 13 March 2019 @ The Stock Exchange of Thailand Building 13 March 2019 @ The Stock Exchange of Thailand Building CMC PERFORMANCE 2018 OPPORTUNITY DAY Disclaimer The information (Confidential
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
13 March 2019 @ The Stock Exchange of Thailand Building
PERFORMANCE 2018 – OPPORTUNITY DAY
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Disclaimer
2
The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by Chaoprayamahanakhon Public Company Limited (the “Company”) to you solely for your reference. 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
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. 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 or its contents or otherwise arising in connection therewith. This presentation is for information purposes only and does not constitute or form part of any offer or invitation for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto in Thailand, United States or any other jurisdiction. Any such purchase should be made solely on the basis of the information contained in the announcements to the Stock Exchange of Thailand relating to such securities. No reliance may be placed for any purposes whatsoever on the information set forth in this presentation or on its completeness. This presentation contains projections and forward‐looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based
time and in many cases are outside the control of the Company. You are cautioned not to place undue reliance on these forward-looking statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those forecasted and projected or in the forward‐looking statements.
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Revenue (THB mm) “We will be the Excellent LIVING Development Provider.”
Residential project development in the Middle Target Market
service
2,000 972 1,649 1,419 2,091 1,525 42.4% 40.3% 39.3% 42.1% 41.5% 42.5%
FY13 FY14 FY15 FY16 FY17 FY18 : gross profit margin
Rental Service
Manufacturing and Supply Residential project development in the Middle-High Target Market
VISION
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
capital of THB 5 mm, to become a residential property developer.
condominium, “Baan Praya Pirom”
acquired 100% shares of PPP, SMP and TSN from the existing shareholders. This restructuring allowed CMC to become the property developer with in-house construction department.
Start-up
SDH and TH, under “The rich” and “Kasa Eureka” brand
“Chateau in town” and “Bangkok Fe’liz” targeting on middle market segment.
condominium under “Bangkok Horizon” brand
and construction service.
international leading developer (e.g. Chinese)
CMC Rising
Brand Recognition and Customer Retention Program
Cuvee Tiwanon” “The Clev Wongsawong” “CyBIQ Ramkamhaeng” and “CyBIQ Ratchada 36” to capture the future growth.
project value of THB 10,000 Million
1994 – 2009 2018 onwards
EPS Precast Furniture Digital Door LockBuilding market presence and expertise
the largest condominium in the Thonburi area at that time.
developer by first implementing the Video Door Phone and Digital Door Lock System.
project “CT Charan 96/2”
2010 – 2017
The Clev
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Value Chain
Construction & Support Development Sales Other income Property Management
construction technology (e.g. green technology to decrease waste, dirtiness, swampy at construction site and decrease construction time)
mainly focusing on economy and main class segment
to capture the new
product design (e.g. double facilities condominium) Domestic market: In-house sales force and selling agent experts International market: Potential partnership with international partners to capture new demand from foreign market.
construction material and furniture such as precast concrete, EPS wall, kitchenware, built-in closet etc.
equipment for rent with operating staff included.
projects which developed by CMCG as well as any other developers
housekeeping service, house maintenance service etc.
project.
customers who would like to rent its rooms
satisfaction by providing such after- sales services
SMP SMP/TSN CMC/PPP CMC/PPP TSN
Potential partnership with the international partner to improve these area from partner’s expertise
5
Our Strength
Improvement Along Value Chain
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Growth
Of Gross Profit Margin
Growth
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
23% 74% 3%
96%
1%
3%
Real Estate Contruction Others
Construction Others
10% 25% 62% 2% 1%
M.Baht
M.Baht
Low-Rise Condo Housing
Real Estate Development
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
(THB million)
Revenue Gross Profit (THB million)
2,133.1 1,675.6 2,000.2
2,090.7 1,525.2 1,931.0
2016 2017 2018
revenues revenue from real estate
879.2 633.7 826.5 42.1% 41.5% 42.5%
36% 38% 40% 42% 44% 46%
200 400 600 800 1,000
2016 2017 2018
gross profit gross margin
Consolidated Financial Results
Baht million
2016 2017 2018
% Chg.
Total Revenue
2,133.1 1,675.6 2,000.2
19.4%
Revenue from Real Estate
2,090.7 1,525.2 1,931.0
26.6%
Revenue from Construction
n.m.
Other Income
42.3 150.4 54.2
Gross Profit
879.2 633.7 826.5
30.4%
Selling Expense
(248.6) (224.6) (207.6)
Administrative Expense
(233.1) (212.4) (196.6)
EBIT
414.7 343.2 449.0
30.8%
Financial Cost
(209.6) (198.4) (143.5)
Net Profit
156.2 126.6 213.8
68.8%
Basic Earnings per Share (Baht)
0.21 0.17 0.27
59.9%
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
(THB million)
SG&A Financial Cost (THB million)
481.7 437.0 404.2
22.6% 26.1% 20.2%
12% 15% 18% 21% 24% 27% 30%
200 400 600
2016 2017 2018
SG&A %SG&A to revenue
209.6 198.4 143.5
9.8% 11.8% 7.2%
5% 7% 9% 11% 13% 15%
50 100 150 200 250
2016 2017 2018
financial cost %fin. cost to revenue
Consolidated Financial Results
Baht million
2016 2017 2018
% Chg.
Total Revenue
2,133.1 1,675.6 2,000.2
19.4%
Revenue from Real Estate
2,090.7 1,525.2 1,931.0
26.6%
Revenue from Construction
n.m.
Other Income
42.3 150.4 54.2
Gross Profit
879.2 633.7 826.5
30.4%
Selling Expense
(248.6) (224.6) (207.6)
Administrative Expense
(233.1) (212.4) (196.6)
EBIT
414.7 343.2 449.0
30.8%
Financial Cost
(209.6) (198.4) (143.5)
Net Profit
156.2 126.6 213.8
68.8%
Basic Earnings per Share (Baht)
0.21 0.17 0.27
59.9%
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
(THB million)
Net Profit Return on Investment (%)
156.2 126.6 213.8
7.3% 7.6% 10.7%
4% 6% 8% 10% 12% 14%
50 100 150 200 250
2016 2017 2018
net profit net margin
6.9% 5.8% 8.0% 10.1% 7.5% 9.7%
0% 2% 4% 6% 8% 10% 12%
2016 2017 2018
ROA ROE
Consolidated Financial Results
Baht million
2016 2017 2018
% Chg.
Total Revenue
2,133.1 1,675.6 2,000.2
19.4%
Revenue from Real Estate
2,090.7 1,525.2 1,931.0
26.6%
Revenue from Construction
n.m.
Other Income
42.3 150.4 54.2
Gross Profit
879.2 633.7 826.5
30.4%
Selling Expense
(248.6) (224.6) (207.6)
Administrative Expense
(233.1) (212.4) (196.6)
EBIT
414.7 343.2 449.0
30.8%
Financial Cost
(209.6) (198.4) (143.5)
Net Profit
156.2 126.6 213.8
68.8%
Basic Earnings per Share (Baht)
0.21 0.17 0.27
59.9%
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
(%)
Asset Breakdown Liabilities Breakdown (%)
65.4% 21.9% 4.1% 8.5% project under development project held for development PP&E
8.8% 61.5% 18.0% 11.7% long term loan short term loan
debenture
5,269.6 MB 2,643.1 MB
Consolidated Financial Results
Baht million
2016 2017 2018
% Chg.
Assets
5,900.4 5,955.8 5,269.6
Cash and Cash Equivalents
60.2 92.8 119.3
28.5%
Available-for-sale Investments
101.5
120.0%
Project under Development
4,314.9 4,435.0 3,448.4
Project Held for Development
949.5 893.2 1,153.0
29.1%
PP&E
193.2 143.3 217.9
52.1%
Liabilities
4,267.9 4,195.0 2,643.1
Short-term Loans
628.8 581.5 233.0
Long-term Loans
2,252.3 2,341.5 1,625.8
Debentures
879.3 864.5 475.6
Shareholders' Equity
1,632.4 1,760.8 2,626.6
49.2%
Paid-up Capital
750.0 750.0 1,000.0
33.3%
Share Premium
n.m.
Retained Earnings
906.1 1,034.4 1,182.0
14.3%
Other Components
(23.6) (23.6) (23.3)
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
(THB million)
Interest-bearing Debt Book Value per Share (%)
2.2 2.3 2.6
0.0 0.5 1.0 1.5 2.0 2.5 3.0
2016 2017 2018
3,760.4 3,787.5 2,334.3
2.3 2.2 0.9
0.0 1.0 2.0 3.0 4.0 5.0
1,000 2,000 3,000 4,000 5,000
2016 2017 2018
IBD IBD/Equity
Consolidated Financial Results
Baht million
2016 2017 2018
% Chg.
Assets
5,900.4 5,955.8 5,269.6
Cash and Cash Equivalents
60.2 92.8 119.3
28.5%
Available-for-sale Investments
101.5
120.0%
Project under Development
4,314.9 4,435.0 3,448.4
Project Held for Development
949.5 893.2 1,153.0
29.1%
PP&E
193.2 143.3 217.9
52.1%
Liabilities
4,267.9 4,195.0 2,643.1
Short-term Loans
628.8 581.5 233.0
Long-term Loans
2,252.3 2,341.5 1,625.8
Debentures
879.3 864.5 475.6
Shareholders' Equity
1,632.4 1,760.8 2,626.6
49.2%
Paid-up Capital
750.0 750.0 1,000.0
33.3%
Share Premium
n.m.
Retained Earnings
906.1 1,034.4 1,182.0
14.3%
Other Components
(23.6) (23.6) (23.3)
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
1419.3 2090.75 1525.23 1931 2700
6.03 42.31 150.37 69.2 300
1425.33 2133.06 1675.6 2000.2 3000 2015 2016 2017 2018 2019F
Sales of real estate Other income Total Revenue
Total Revenues (THB million) 47.1 156.2 126.6 213.8 Net Income
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
2200 500 300
Inventory Construction & Others New Projects (Completed 2019)
Forecast Revenues Breakdown (THB million)
Chateau in town Pinklao 420, 84% Kasa Deva Phase 2-3 80, 16%
3,000
M.Baht
500
M.Baht
Housing 100, 5% HRCD 1000, 45% LRCD 1100, 50%
2200
M.Baht
100, 5% 1000, 45% 1000, 45% 100, 5%
2200
M.Baht
Construction 200, 67% Other 100, 33%
300
M.Baht
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Strategic Location 2019 - Current Projects
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Strategic Location 2019 – Launch on 1H2019
The Clev
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Strategic Location 2019 – Launch on 1H2019
The Clev
1500 MB 1570 MB 260 MB 600 MB 70 MB New Launch 1H2019 4000 MB
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Strategic Location 2019 – Launch on 2H2019 - 2020
Bangna 36
Suksawat Navamin-Sriburapa
Sena Station
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Sena Station
Navamin-Sriburapa
Bangna 36
Suksawat
700 MB 1860 MB 1600 MB 1840 MB New Launch 2H2019 - 2020 6000 MB
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
Future Projects – Prepare for Marketing Launch
The Cuvee Tiwanon
Project Value (MB) 1,500
422 @ 33 Storey Location MRT Tiwanon Expected Finish Q4’2020
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
The Clev
Project Value (MB) 1,570
600 @ 36 Storey Location Piboonsongkrkam Rd. Expected Finish Q4’2020
Future Projects – Prepare for Marketing Launch
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
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22
Cybiq
Project Value (MB) 260
121 Location Ramkamhaeng Soi 24 Expected Finish Q1’2020
Future Projects – Prepare for Marketing Launch
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23
Project Value (MB) 600
329 Location Ratchadapisek 36 13.821072, 100.588053 Expected Finish Q4’2019
Chateau in Town Ratchada 36-2
Future Projects – Prepare for Marketing Launch
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
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24
Project Value (MB) 70
8 Location Kalapapruk Rd. 13.690551, 100.435839 Expected Finish Q3’2019
Kasa Deva Satorn – Kalapapruk Phase 2
Future Projects – Prepare for Marketing Launch
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
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25
Project Value (MB) 471
210 Expected Finish Q2’2019 Construction Progress 90% (28 Feb 2019) Unique Selling Point Near Somdetprapinklao Bridge and Cultural and Historical Places.
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
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26
Project Value (MB) 1,445
741 Expected Finish Q4’2019 Construction Progress 22.65% (31 Dec 2018) Unique Selling Point Near MRT Blue Line @ Phetkasem 48 Station
CMC PERFORMANCE 2018 – OPPORTUNITY DAY
13 March 2019 @ The Stock Exchange of Thailand Building
www.cmc.co.th/ir
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