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Presentation 2016 Q2 Results and 2016 Business Plan Opportunity Day - - PowerPoint PPT Presentation

Presentation 2016 Q2 Results and 2016 Business Plan Opportunity Day Disclaimer The information (Confidential Information) contained in this presentation is strictly confidential and is provided by Ananda Development Public Company Limited


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SLIDE 1

Presentation

2016 Q2 Results and 2016 Business Plan Opportunity Day

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SLIDE 2

Disclaimer

2

The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by Ananda Development 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 otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior 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 on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over 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.

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Agenda

3

  • 1. 2Q2016 Financial Results
  • 2. Transfers
  • 3. Launches
  • 4. Presales
  • 5. Backlog
  • 6. 2Q 2016 Summary
  • 7. 2016 Business Plan
  • 8. Five Year Plan
  • 9. Company View
  • 10. Mass Transit Network Updates
  • 11. Interim Dividend
  • 12. Smart Office – Ananda 2.0
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SLIDE 4

4

2Q/2016 Financial Statements

2Q2016 1Q2016 2Q2015 % Q-o-Q % Y-o-Y

M Baht % M Baht % M Baht % Total revenue

2,889 100% 2,595 100% 1,541 100% 11% 87%

Revenue from sale of real estate

2,528 87% 2,179 84% 1,198 78% 16% 111%

Other incomes

361 13% 417 16% 343 22% (13%) 5%

Gross profit

996 35% 933 37% 621 42% 7% 60%

SG&A

589 20% 626 24% 441 29% (6%) 34%

Selling expenses

259 9% 223 9% 211 14% 16% 23%

Administrative expenses

331 11% 403 16% 229 15% (18%) 44%

Share of profit (Loss)

(91) (3%) (108) (4%) (124) (8%) N/A N/A

EBIT

370 13% 265 10% 134 9% 40% 176%

Interest expenses

75 3% 69 3% 70 5% 10% 7%

EBT

295 10% 196 8% 64 4% 50% 363%

Tax

85 22% 48 16% (8) N/A 79% N/A

Net profit (Loss)

210 7% 149 6% 72 5% 41% 191%

Earnings per share (baht)

0.05 0.04 0.02 41%

Q2/2016 Revenue beat our Analyst Consensus by 18% Q2/2016 Net Profit beat our Analyst Consensus by 40%

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SLIDE 5

5

1H/2016 Financial Statements

1H2016 1H2015 % Y-o-Y

M Baht % M Baht % Total revenue

5,485 100% 2,935 100% 87%

Revenue from sale of real estate

4,707 86% 2,399 82% 96%

Other incomes

778 14% 536 18% 45%

Gross profit

1,929 36% 1,167 42% 65%

SG&A

1,215 22% 832 28% 46%

Selling expenses

482 9% 386 13% 25%

Administrative expenses

733 13% 445 15% 65%

Share of profit (Loss)

(199) (4%) (181) (6%) 10%

EBIT

635 12% 294 10% 116%

Interest expenses

144 3% 132 4% 9%

EBT

491 9% 163 6% 202%

Tax

133 19% 17 5% 670%

Net profit (Loss)

358 7% 146 5% 146%

Earnings per share (baht)

0.09 0.04

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6

2Q/2016 Financial Highlight

2Q2016 1Q2016 2Q2015 % Q-o-Q % Y-o-Y

M Baht M Baht M Baht

Cash balance

2,757 2,835 1,788 (3%) 54%

Assets

22,717 21,855 19,949 4% 14%

Interest bearing debts

9,809 9,704 10,417 1% (6%)

Liabilities

12,904 12,997 13,117 (1%) (2%)

Shareholders' equity

9,813 8,858 6,832 11% 44%

D/E ratio (times)

1.3 1.5 1.9 (10%) (32%)

Net IBDE ratio (times)

0.7 0.8 1.3 (7%) (43%)

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SLIDE 7

1Q16 (A) 2Q16 (F) 2Q16 (A) 3Q16 (F) 4Q16 (F) 1,581 1,399 1,822 1,537 3,636 598 634 706 605 781 2,211 2,124 Unit : Mil Baht Condo Housing Ananda Share in JV Mitsui Share in JV

7

2016 Business Plan –Transfer

7

2016 Transfer target between 15,000 and 16,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2016 Condo 1,581 1,399

1,822

1,537 3,636 8,576 Housing 598 634

706

605 781 2,690 Ananda F/S 2,179 2,033

2,528

2,142 4,417 11,266 Ananda Share in JV

  • 2,211

2,211 Mitsui Share in JV

  • 2,124

2,124 Total (M Baht) 2,179 2,033

2,528

2,142 8,752

15,601

5 new condo

projects to complete in 2016

Q2/2016 Transfer beat our latest guidance by 24%

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SLIDE 8

Updated: June 30, 2016

8 8

Project value 2,546 Transfer begins 3Q16 % Net sold 67.5% % Transfer

  • Transfer target in 2016

1,444 Transferred in Q2

  • To be transferred in the next 6M

1,444 Backlog 1,719 To be transferred after 2016 1,102 Project value 1,752 Transfer begins 4Q16 % Net sold 65.4% % Transfer

  • Transfer target in 2016

861 Transferred in Q2

  • To be transferred in the next 6M

861 Backlog 1,145 To be transferred after 2016 892

Ideo Q Ratchathewi Ideo Mobi Sukhumvit Eastgate

Ideo Mobi Wongsawang Interchange Unit: M Baht

New New New

3% transfer after 2016

99.2% sold

97% transfer target in 16 43% transfer after 2016

67.5% sold

57% transfer target in 16

65.4% sold

49% transfer target in 16 51% transfer after 2016

61% of Transfer Target will be derived from new projects

Project value 2,008 Transfer begins 1Q16 % Net sold 99.2% % Transfer 85.2% Transfer target in 2016 1,943 Transferred in Q2 965 To be transferred in the next 6M 232 Backlog 282 To be transferred after 2016 65

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SLIDE 9

Updated: June 30, 2016

9 9

Project value 2,108 Transfer begins 4Q16 % Net sold 61.8% % Transfer

  • Transfer target in 2016

996 Transferred in Q2

  • To be transferred in the next 6M

996 Backlog 1,303 To be transferred after 2016 1,112 Project value 6,773 Transfer begins 4Q16 % Net sold 96.8% % Transfer

  • Transfer target in 2016

4,335 Transferred in Q2

  • To be transferred in the next 6M

4,335 Backlog 6,559 To be transferred after 2016 2,438

UNIO Charan 3 Ideo Q Chula Samyan1

Unit: M Baht

New New

Note : 1 Joint Venture with Mitsui Fudosan and Ananda 51% Share

61.8% sold

47% transfer target in 16 53% transfer after 2016

97% sold

64% transfer target in 16 36% transfer after 2016

61% of Transfer Target will be derived from new projects (Cont.)

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SLIDE 10

Updated: June 30, 2016

10 10

Project value 1,888 Transfer begins 4Q13 % Net sold 99.6% % Transfer 99.6% Transfer target in 2016 8 Transferred in Q2

  • To be transferred in the next 6M
  • Backlog
  • To be transferred after 2016

8 Project value 1,478 Transfer begins 2Q14 % Net sold 100% % Transfer 100% Transfer target in 2016 32 Transferred in Q2 32 To be transferred in the next 6M

  • Backlog
  • To be transferred after 2016
  • Project value

3,346 Transfer begins 4Q14 % Net sold 100.0% % Transfer 99.6% Transfer target in 2016 563 Transferred in Q2 277 To be transferred in the next 6M 9 Backlog 13 To be transferred after 2016 4

Ideo Mobi Sathorn Elio Sukhumvit 64 Elio Del Ray Unit: M Baht

99.6% already transferred

99.6% sold

0% transfer target in 16 100% already transferred

100% sold

2.2% transfer target in 16 99.6% already transferred

100% sold

16.8% transfer target in 16

39% of Transfer Target will be derived from existing projects

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SLIDE 11

11 11

Project value 3,749 Transfer begins 4Q14 % Net sold 68.1% % Transfer 67.0% Transfer target in 2016 990 Transferred in Q2 200 To be transferred in the next 6M 638 Backlog 41 To be transferred after 2016 600 Project value 2,237 Transfer begins 3Q15 % Net sold 82.8% % Transfer 80.4% Transfer target in 2016 772 Transferred in Q2 191 To be transferred in the next 6M 403 Backlog 55 To be transferred after 2016 35 Project value 3,802 Transfer begins 4Q15 % Net sold 85.4% % Transfer 83.1% Transfer target in 2016 974 Transferred in Q2 188 To be transferred in the next 6M 590 Backlog 85 To be transferred after 2016 51

Ideo Sathorn Tha Phra Ideo Wutthakat Ideo Mobi Charan Interchange

67.0% already transferred

68.1% sold

26.4% transfer target in 16 80.4% already transferred

82.8% sold

34.5% transfer target in 16 83.1% already transferred

85.4% sold

25.6% transfer target in 16

39% of Transfer Target will be derived from existing projects (Cont.)

Updated: June 30, 2016

Unit: M Baht

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SLIDE 12

12 12

Project value 7,430 Transfer begins 1Q13 % Net sold 56.7% % Transfer 53.9% Transfer target in 2016 1,313 Transferred in Q2 326 To be transferred in the next 6M 620 Backlog 214 To be transferred after 2016 2,801 Project value 2,922 Transfer begins 3Q15 % Net sold 42.7% % Transfer 38.9% Transfer target in 2016 1,378 Transferred in Q2 378 To be transferred in the next 6M 769 Backlog 112 To be transferred after 2016 1,017

Atoll (5 projects) Arden (3 projects)

38.9% already transferred

42.7% sold

47.1% transfer target in 16 53.9% already transferred

56.7% sold

17.7% transfer target in 16

39% of Transfer Target will be derived from existing projects (Cont.)

Updated: June 30, 2016

Unit: M Baht

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SLIDE 13

1Q16 (A) 2Q16 (F) 2Q16 (A) 3Q16 (F) 4Q16 (F) 2,977 2,391 7,436 10,138 1,239 Unit : Mil Baht Condo Housing

13

2016 Business Plan –Launches

13

2016 Launches Target between 21,000 and 22,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2016 Condo 2,977 2,391

  • 7,436

10,138 20,550 Housing

  • 1,239

1,239 Total (M Baht) 2,977 2,391

  • 7,436

11,377

21,789

  • No. of Project

1 2

  • 5

5

11

Launches 11 Sites JV 4 Sites accounting for 68% of launches)

Q2/2016 Launches moved from June to July

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SLIDE 14

New Launch in Q3 >> UNiO Sukhumvit 72

14 14 14

UNiO Sukhumvit 72 Project value (M Baht) 1,431

  • No. of unit

984 Soft Launched date July 2016 Expected transfer date 2017 Location

  • 600m. from BTS Bearing
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SLIDE 15

New Launch in Q3 >> UNiO Rama 2-Thakham

15 15 15

UNiO Rama 2 - Thakham Project value (M Baht) 962

  • No. of unit

724 Soft Launched date July 2016 Expected transfer date 2017 Location Rama 2 Road, opposite Central Rama 2

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SLIDE 16

16 16 16

New Launch in Q3 >> Ideo Mobi Asoke

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SLIDE 17

17

2016 Business Plan –Presales

17

2016 Presales Target between 20,500 and 21,500 M Baht

Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2016 Condo 3,995 2,797

2,691

4,198 6,689 17,573 Housing 783 635

763

883 949 3,378 Total (M Baht) 4,778 3,432

3,454

5,082 7,637

20,952

1Q16 (F) 2Q16 (F) 2Q16 (A) 3Q16 (F) 4Q16 (F) 3,995 2,797 2,691 4,198 6,689 783 635 763 883 949 Unit : Mil Baht Condo Housing

Q2/2016 Presales beat our latest guidance by 0.6% despite moving 2 new launches from June to July

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2016 2017 2018 3,727 3,546 2,211 5,916 7,616 2,124 5,684 7,317 327 Unit: Mil Baht Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Mitsui's Share Ananda's Backlog - Housing

High Backlog

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Updated: June 30, 2016

8,389 14,933 15,146

Backlog 38.5 Bn Baht

Unit: M Baht

77% of the

next 6M16 secured by Backlog

18 18 2016 2017 2018

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3.41% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 1 2 3 4 5 6 7 2.42% 0.00% 2.00% 4.00% 6.00% 8.00% 1 2 3 4 5 6 7 30.80% 1.00% 11.00% 21.00% 31.00% 41.00% 1 2 3 4 5 6 7

Cancellation Rate

19 19

1Q15 2Q15 3Q15 4Q15 1Q16 2Q16

Note: % Cancellation Rates are calculated by cancelled value divided by beginning backlog + presales

Updated: June 30, 2016

1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16

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SLIDE 20

11.85% 1.00% 6.00% 11.00% 16.00% 21.00% 1 2 3 4 5 6 7 3.70% 0.00% 5.00% 10.00% 15.00% 20.00% 1 2 3 4 5 6 7 31.36% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 1 2 3 4 5 6 7 Updated: June 30, 2016

20 20

Mortgage Rejection Rate

Note: % Mortgage Rejection Rates are shown by units

1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16

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SLIDE 21

Summary of 2Q2016

Construction on schedule Interim dividend payment Perpetual securities issued

Ananda – The Harvest Begins!

Revenue 24% above target Revenue rose 87% YoY Net Profit up 191% YoY %SG&A to revenue down from 29% to 20% Big Backlog – 38.5 Bn Baht Net IBDE – below target at 0.7 times

21 21

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SLIDE 22

Hybrid Instruments Issuance

Fact sheet Detail

1. Debentures’ name Subordinated Perpetual Debentures of Ananda Development Public Company Limited No. 1/2016

  • 2. Type of Debentures

Subordinated Perpetual Debentures with Payable Upon Dissolution with the Issuer’s Right to Early Redemption and Unconditional Interest Deferral

  • 3. Offering Method

Institutional investors or/and high net worth investors

  • 4. Offering Amount

1,000,000 Units

  • 5. Face Value

1,000 Baht/Unit

  • 6. Offering Price

1,000 Baht/Unit

  • 7. Total Amount

1,000,000,000 Baht

  • 8. Issuing Date

12 May 2016 9. Interest Rate Year 1 to 5, Fixed Rate at 8.5% per annum Year 6 to 25, Govt Bond Yield 5 year plus Initial Credit Spread (7.01%) plus 0.25% per annum Year 26 onward, Govt Bond Yield 5 year plus Initial Credit Spread (7.01%) plus 1.00% per annum 10. Tenor No expiration date

  • 11. Credit Rating of the perpetual

instruments “BB+” (stable) by Tris Rating

Summary of Accounting Treatment  Perp is treated as “Equity”.  Perp is better than capital increase as no share dilution  D/E and Net IBDE Ratio will be decreased.  ROE is diluted in the short term (higher equity base).  New capital will support ANAN’s strategy and earnings growth sustainability over the long term.

22 22

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SLIDE 23

2016 Summary

23

Item 2013 Actual 2014 Actual 2015 Actual 2016 Guidance

Transfer (M Baht) 8,808 9,678 9,598 15,000-16,000 Presales (M Baht) 21,083 20,898 26,235 20,500-21,500 Gross Profit Margin 37% 38% 39% 34% Total Debt / Equity, Year End 1.10 1.47 1.36 1.19 Net Interest Bearing D / E, Year End 0.30 0.74 0.70 0.94 Effective Tax Rate 21% 18% 22% 20% Launches (M Baht) 34,213 14,954 34,828 21,000-22,000 Land Purchases (M Baht) 4,343 10,284 5,258 8,660

23 23

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Backlog 38.5 Bn Baht 77% of the next

6M16 secured by Backlog

62% YoY 94% YoY 40% YoY 14% YoY 18% YoY

Transfer to be tripled in the next 3 years

Note: The 5-year plan has assumption of no new capital and keeping net IDE ratio at 1:1

24 TRANSFER

15,601

TRANSFER

30,215

TRANSFER

42,309

TRANSFER

48,441

TRANSFER

57,131

9,598

2015 2016 2017 2018 2019 2020 TRANSFER

9,598

11,266 2,211 2,124

4,054 2,211 2,124 3,546 5,916 5,684 7,616 7,317

BACKLOG

8,389

BACKLOG

15,146

BACKLOG

14,933

77% of

2H16

50% 35%

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SLIDE 25

94% 45%

Company View

 Economic situation not strong  GDP growth projections revisions pending  Referendum reduces uncertainty  Government mega-project may be accelerated  Land price increases slowing  Construction costs constrained  Watching global economy post Brexit  Consumer confidence finally turning around  Banks remain strongly supportive – Perp  Our customer group remains “cashed up” and with good credit  Mass Transit Supply/Demand varies by station  Mass Transit market more robust than general market

Source : University of Thai Chamber

25 25 Initial Sales Rate

Sources: AREA

59% 47% 58% 36% 64% 22% 0% 10% 20% 30% 40% 50% 60% 70% 0-300 m. > 1,000 m. 2013 2014 2015

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SLIDE 26

Updated : 27 July 2016 Under Construction

  • Purple Line: Bangsue - Bangyai (August

2016)

  • Blue Line: Bangsue – Bangkae – Hua

Lampong (2019)

  • Dark Green Line: Bearing Samutprakarn

(2018)

  • Red Line: Bangsue - Rangsit (2020)
  • Dark Green Line: Mor Chit - Kukod (2020)

Awarding within 2016

  • Purple South Line: Taopoon - Ratburana

(2020) *To be considered by cabinet by Sep, 2016

  • Orange Line: Thai Cultural Center - Minburi

(2020) *Approved by cabinet April 19, 2016

  • Pink Line: Kalai - Minburi (2020)

*Approved by cabinet March 29, 2016

  • Yellow Line: Ladprao – Samrong (2020)

*Approved by cabinet March 29, 2016

  • Light Red Line: Bangsue – Phayathai –

Makasan – Huamark (2019) *Approved by cabinet July 26, 2016

  • Red Line: Bangsue – Hualamphong (2019)

*Approved by cabinet July 26, 2016

Current Line Under Construction Awarding in 2016 and under study

Mass Transit Network Expansion

26

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SLIDE 27

Interim Dividend

The company’s intention has always been to provide investors with a good dividend as well as capital growth Our stated policy has been to pay a dividend when the Board thought it was appropriate and prudent Continues our record of increasing the interim dividend every year since IPO

27

Board approves that an interim dividend should be paid in the amount of 4 satang per share An increase of 25% from a year earlier

27 27 27

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SLIDE 28

Ananda 2.0 : The new chapter begins at FYI Center

28 28 28 28 28

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SLIDE 29

29 29

Dec, 2012 2013 2014 2015 2016 2017 2018

TRANSFER

8,808 MB

TRANSFER

9,678 MB

TRANSFER1

15,601 MB

TRANSFER1

30,215 MB

TRANSFER1

42,309 MB

29

Note : 1 Including Joint Venture with Mitsui Fudosan and Ananda 51% Share

TRANSFER

9,598 MB

5 Years 5 Times Growth

No increase in Headcount!

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SLIDE 30

technology silos | employee frustration

| productivity impact

We are working in the new world

30

30 30 30 30

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SLIDE 31

Smart Reception & Lobby Smart Workspaces & Hot Desks Allocation Optimization & Allocation of Appropriate Meeting Rooms Remote Sites Management Command Centre Cloud Printing Adaptive Video Conferencing & Global Workforce Collaboration

Enhanced Branding

  • Leading Smart Office in Thailand & SEA
  • Best tools to allow employees to achieve full potential
  • Attract talent by being the best company to work for

Reduced Real Estate Costs

 Saving on real estate costs  Increased space utilization rate

through hot-desking / flex working

 Cut energy costs

Increased Business Value

 Higher ROI in investments  Increase employee’s engagement to gain productivity growth  Minimize wastage of resources

31

Remote Access to Office Facilities & Functions

Enhanced Employee Experience

  • Improve employee productivity

resulting in time & cost savings

  • Collaborative space: Easy workspace

allocation and scheduling

  • Direct impact on talent attraction &

retention

31

31 31 31 31

Improved Productivity

Smart Office Objectives

 Higher output per worker  Increased collaboration  Greater creativity  Faster innovation

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SLIDE 32

Digital is all around

Smart booking seat and room , Smart finding people , Digital signage , Wireless printer cloud based , Interactive meeting room : E-board by Samsung

Smart Booking Seat and Room Digital Signage Wireless Printer cloud based

Smart Office : Maximize Productivity

32 32 32 32 32

Interactive Meeting Room E-board by Samsung

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SLIDE 33

Smart+Connected Workplace

Make workspace available, when and where people need them, on demand

  • Any Time
  • Any Where
  • Any Device

The Connected Workforce The Connected Building

  • Increase User

Satisfaction

  • Reduce Real Estate and
  • peration cost

Increase Productivity Help recruit and retain talent Reduce Operation Cost

33

33 33 33 33

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SLIDE 34

HOT-DESK CONCEPT

Collaborative Work Space Design. Sitting wherever and whoever you to collaborate with.

Collaboration

34 34 34 34 34

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SLIDE 35

Always Connected Digital Conference with HD webcam, IP Telephone – Smart Telephone (Jabber) , Hi-Speed internet

35 35 35 35 35

Smart Office : Maximize Productivity

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SLIDE 36

36

 Content Sharing  Interactive Meeting with Multiple Media  Wireless Screen Mirror from Device to Display  Capture Meeting Information & Sharing

36

36 36 36 36

E-Board Solution

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SLIDE 37

Mobile, Social, Visual, Virtual

The Connected Workforce

37

37

37 37 37 37

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SLIDE 38

Thank you

Ananda Development PLC 2016

Contact:

  • Dr. John Millar

Chief Strategic Development Officer Ananda Development Public Company Limited john@ananda.co.th +662 697 3300 Mobile: +66 877 99 1946

  • Mr. Komsan Atthaphonphithak

Senior Investor Relations Manager Ananda Development Public Company Limited komsan@ananda.co.th +662 697 3300 Mobile: +66 819 16 3755

38 38

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SLIDE 39

Appendix

39 39 39

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SLIDE 40

Current Projects >> 6M 2016 Sales

40

Updated: June 30, 2016

Project Launched Value (M Baht) %Net Sold Net Sales (M Baht) Backlog (M Baht) Unsold Inventory (M Baht) %Transfer

AD3: Ideo Mobi Sathorn Feb-12 1,888 99.6%

  • 7

99.6% ADO: Atoll (Housing) Feb-13 7,430 56.7% 532 214 3,215 53.9% AD 14: Elio Sukhumvit 64 Mar-13 1,478 100.0%

  • 100.0%

AD14: Ideo Sathorn – Tha Phra Jul-13 3,749 68.1% 331 41 1,197 67.0% AD14: Elio Del Ray Aug-13 3,346 100.0% 365 13

  • 99.6%

AD 15: Ideo Wutthakat Aug-13 2,237 82.8% 322 55 384 80.4% AD15: Ideo Mobi Charan- Interchange Oct-13 3,802 85.4% 99 85 556 83.1% AD16: Ideo Q Ratchatewi Oct-13 2,008 99.2% (7) 282 15 85.2% AD16: Ideo Q Chula- Samyan1 Oct-13 6,773 96.8%

  • 6,559

214

  • AD17: Ashton Asoke1

Sep-14 6,705 98.0%

  • 6,572

133

  • AD17: Ideo Q Siam-

Ratchathewi1 Sep-14 3,815 78.4% (6) 2,991 824

  • AD16: Ideo Mobi

Wongsawang-Interchange Sep-14 1,752 65.4% 25 1,145 607

  • AD16: Ideo Mobi Sukhumvit

Eastgate Sep-14 2,546 67.5% 188 1,719 827

  • Sub total

(2012-2014 Launched) 47,530 1,848 19,677 7,980

  • 40

Note: 1 Joint Venture with Mitsui Fudosan

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SLIDE 41

Updated: June 30, 2016

Project Launched Value (M Baht) % Net Sold Net Sales (M Baht) Backlog (M Baht) Unsold Inventory (M Baht) %Transfer

AD18: Ashton Chula-Silom1 Mar-15 8,693 68.9% 300 5,985 2,708

  • AD17: Ashton Residence 41

Mar-15 1,900 53.0% (78) 1,007 892

  • AD16: Unio Charan 3

Jun-15 2,108 61.8% 368 1,303 805

  • AD16: Arden 3 projects

Jun-15 2,922 42.7% 233 112 1,675 38.9% AD17: Ideo Sukhumvit 115 Aug-15 2,742 59.2% 368 1,622 1,120

  • AD17: Q Chidlom1

Aug-15 2,992 43.6% (5) 1,305 1,686

  • AD18: Ideo O21

Aug-15 5,060 45.4% 871 2,298 2,762

  • AD17: Ideo Mobi Bangsue

Grand Interchange1 Nov-15 2,529 33.5% 251 847 1,682

  • AD18: Ashton Silom1

Nov-15 6,031 61.9% 1,261 3,734 2,297

  • Sub total

(2015 Launched) 34,976 3,570 18,214 15,626

AD17: Ideo Tha Phra Interchange1 Feb-16 2,979 19.4% 577 577 2,403

  • Sub total

(2016 Launched) 2,979 577 577 2,403

Grand total

85,485 5,995 38,468 26,009

41 41

Current Projects >> 6M 2016 Sales (Cont.)

Note: 1 Joint Venture with Mitsui Fudosan