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Presentation 2016 Q3 Results Analyst Meeting and 2017 Business Plan - - PowerPoint PPT Presentation

Presentation 2016 Q3 Results Analyst Meeting and 2017 Business Plan 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 Q3 Results Analyst Meeting and 2017 Business Plan

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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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SLIDE 3

Agenda

3

  • 1. 3Q2016 Financial Results
  • 2. Transfers
  • 3. Launches
  • 4. Presales
  • 5. Backlog
  • 6. 3Q 2016 Summary
  • 7. Bond Issuance
  • 8. New Business>> Mixed-use
  • 9. Ananda Innovation
  • 10. 2017 Business Plan
  • 11. Company View
  • 12. Mass Transit Network Updates
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SLIDE 4

4

3Q/2016 Financial Statements

3Q2016 2Q2016 3Q2015 % Q-o-Q % Y-o-Y

M Baht % M Baht % M Baht % Total revenue

2,979 100% 2,889 100% 2,665 100% 3% 12%

Revenue from sale of real estate

2,358 79% 2,528 87% 2,251 84% (7%) 5%

Other incomes

621 21% 361 13% 414 16% 72% 50%

Gross Profit

979 35% 996 35% 994 38% (2%) (1%)

SG&A

581 20% 589 20% 611 23% (1%) (5%)

Selling expenses

248 8% 259 9% 352 13% (4%) (30%)

Administrative expenses

334 11% 331 11% 259 10% 1% 29%

Share of Profit (Loss)

(105) (4%) (91) (3%) (152) (6%) 15% (31%)

EBIT

437 15% 370 13% 295 11% 18% 48%

Interest expenses

98 3% 75 3% 54 2% 30% 80%

EBT

339 11% 295 10% 241 9% 15% 41%

Tax

90 20% 85 22% 80 20% 5% 12%

Net Profit (Loss)

252 8% 210 7% 161 6% 20% 56%

Earnings per share (baht)

0.06 0.05 0.05

Q3/2016 Revenue beat our Analyst Consensus of 2,530 M Baht by 18% Q3/2016 Net Profit beat our Analyst Consensus of 182 M Baht by 39%

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SLIDE 5

5

9M/2016 Financial Statements

9M2016 9M2015 % Y-o-Y

M Baht % M Baht % Total revenue

8,463 100% 5,600 100% 51%

Revenue from sale of real estate

7,065 83% 4,650 83% 52%

Other incomes

1,399 17% 950 17% 47%

Gross profit

2,908 35% 2,161 40% 35%

SG&A

1,796 21% 1,442 26% 25%

Selling expenses

729 9% 738 13% (1%)

Administrative expenses

1,067 13% 704 13% 52%

Share of profit (Loss)

(304) (4%) (333) (6%) (9%)

EBIT

1,072 13% 590 11% 82%

Interest expenses

241 3% 186 3% 30%

EBT

830 10% 404 7% 106%

Tax

222 20% 97 13% 128%

Net profit (Loss)

610 7% 307 5% 99%

Earnings per share (baht)

0.16 0.09

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SLIDE 6

6

3Q/2016 Financial Highlight

3Q2016 2Q2016 3Q2015 % Q-o-Q % Y-o-Y

M Baht M Baht M Baht

Cash balance

2,091 2,757 2,230 (24%) (6%)

Assets

23,515 22,717 20,809 4% 13%

Interest bearing debts

10,158 9,809 9,940 4% 2%

Liabilities

13,619 12,904 12,964 6% 5%

Shareholders' equity

9,896 9,813 7,845 1% 26%

D/E ratio (times)

1.4 1.3 1.7 5% (17%)

Net IBDE ratio (times)

0.8 0.7 1.0 13% (17%)

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SLIDE 7

1Q16 (A) 2Q16 (A) 3Q16 (F) 3Q16 (A) 4Q16 (F) 1,581 1,822 1,537 1,891 2,669 598 706 605 467 497 278 2,206 267 2,119 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 3 Quarter 3 (Actual) Quarter 4 2016 Condo 1,581 1,822 1,537

1,891

2,669 7,962 Housing 598 706 605

467

497 2,268 Ananda F/S 2,179 2,528 2,142

2,358

3,166 10,230 Ananda Share in JV

  • 278

2,206 2,483 Mitsui Share in JV

  • 267

2,119 2,386 Total (M Baht) 2,179 2,528 2,142

2,902

7,491

15,100

5 new condo projects

to complete in 2016

Q3/2016 Transfer beat our latest guidance by 35%

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SLIDE 8

Updated: Sept 30, 2016

8 8 Ideo Q Ratchathewi Ideo Mobi Sukhumvit Eastgate

Unit: M Baht

New New

0% transfer after 2016

99.0% sold

100% transfer target in 16 46% transfer after 2016

66.2% sold

54% transfer target in 16

63% of Transfer Target will be derived from new projects

UNIO Charan 3

New

61.8% sold

34% transfer target in 16 66% transfer after 2016

Ideo Mobi Wongsawang Interchange

New

48.7% sold

30% transfer target in 16 70% transfer after 2016

1Q16 3Q16 4Q16 2Q16

Transfer Begins

Ideo Q Chula Samyan1

New

97% sold

71% transfer target in 16 29% transfer after 2016

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

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SLIDE 9

Updated: Sept 30, 2016

9 9 Ideo Mobi Sathorn Elio Sukhumvit 64 Elio Del Ray Unit: M Baht

99.6% already transferred

99.6% sold

0.4% transfer target in 16 100% already transferred

100% sold

2.2% transfer target in 16 100% already transferred

100% sold

16.9% transfer target in 16

37% of Transfer Target will be derived from existing projects

Ideo Sathorn Tha Phra Ideo Wutthakat Ideo Mobi Charan Interchange

74.4% already transferred

76.7% sold

31.9% transfer target in 16 88.1% already transferred

89.8% sold

31.4% transfer target in 16 86.2% already transferred

88.3% sold

22.4% transfer target in 16

Atoll (5 projects) Arden (3 projects)

45.4% already transferred

49.3% sold

32.0% transfer target in 16 57.6% already transferred

61.7% sold

18.0% transfer target in 16

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SLIDE 10

1Q16 (A) 2Q16 (A) 3Q16 (F) 3Q16 (A) 4Q16 (F) 2,977 7,436 6,544 11,129 Unit : Mil Baht Condo Housing

10

2016 Business Plan >>Launches

10

2016 Launches Target between 20,500 and 21,000 M Baht

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

  • 7,436

6,544

11,129 20,650 Housing

  • Total

(M Baht) 2,977

  • 7,436

6,544

11,129

20,650

  • No. of Project

1

  • 5

4

3

8

Launches 8 Sites JV 5 Sites accounting for 84% of launches)

Full Year guidance decreased by 5%

Postpone 3 projects launches with a combined value of 2.5 billion Baht from 4Q16 to 1Q17

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SLIDE 11

New Launch in Q3 >> UNiO Sukhumvit 72

11 11 11

UNiO Sukhumvit 72 Project value (M Baht) 1,460

  • No. of unit

984 Soft Launched date July 2016 Expected transfer date 2017 Location

  • 600m. from BTS Bearing
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SLIDE 12

New Launch in Q3 >> UNiO Rama 2-Thakham

12 12 12

UNiO Rama 2 - Thakham Project value (M Baht) 985

  • 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 13

New Launch in Q3 >> Venio Sukhumvit 10

13 13 13

Venio Sukhumvit 10 Project value (M Baht) 861

  • No. of unit

162 Soft Launched date September 2016 Expected transfer date 2017 Location

  • 650m. from BTS Nana
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SLIDE 14

14 14 14

New Launch in Q3 >> Ideo Mobi Asoke

Ideo Mobi Asoke Project value (M Baht) 3,238

  • No. of unit

507 Soft Launched date September 2016 Expected transfer date 2018 Location

  • 290m. from MRT Phetchaburi
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SLIDE 15

15 15 15

Ananda Urban Pulse Press Conference

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SLIDE 16

16 16 16

AMC Event

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SLIDE 17

New Launch in Q4 >> Ideo Sukhumvit 93

17 17 17

Ideo Sukhumvit 93 Project value (M Baht) 6,184

  • No. of unit

1,332 Soft Launched date October 2016 Expected transfer date 2018 Location

  • 15m. from BTS Bangchak
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SLIDE 18

New Launch in Q4 >> Ideo Mobi Sukhumvit 66

18 18 18

Ideo Mobi Sukhumvit 66 Project value (M Baht) 2,414

  • No. of unit

298 Soft Launched date October 2016 Expected transfer date 2018 Location

  • 50m. from BTS Udomsuk
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SLIDE 19

New Launch in Q4 >> Ideo Phaholyothin-Chatuchak

19 19 19

Ideo Phaholyothin-Chatuchak Project value (M Baht) 2,531

  • No. of unit

391 Soft Launched date October 2016 Expected transfer date 2018 Location

  • 150m. from BTS Buffalo Bridge
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SLIDE 20

20

2016 Business Plan >>Presales

20

2016 Presales Target between 21,500 and 22,500 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 3 (Actual) Quarter 4 2016 Condo 3,995 2,691 4,198

6,223

6,622 19,532 Housing 783 763 883

707

273 2,525 Total (M Baht) 4,778 3,454 5,082

6,930

9,119

22,057

Q3/2016 Presales beat our latest guidance by 36%

Full Year Presales Guidance increased by 5%

1Q16 (F) 2Q16 (A) 3Q16 (F) 3Q16 (A) 4Q16 (F) 3,995 2,691 4,198 6,223 6,622 783 763 883 707 273 Unit : Mil Baht Condo Housing

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SLIDE 21

2016 2017 2018 1,739 5,480 188 2,206 6,227 8,659 2,119 5,983 8,320 419 Unit: Mil Baht Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Mitsui's Share Ananda's Backlog - Housing

Record Backlog

21

Updated: Sept 30, 2016

6,483 17,167 17,690

Backlog 41.3 Bn Baht

Unit: M Baht

87% of the

next 3M16 secured by Backlog

21 21 2016 2017 2018

71% of the

year 2017 secured by Backlog

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SLIDE 22

3.14%

1.00% 3.00% 5.00% 7.00% 1 2 3 4 5 6 7 8

18.16%

1.00% 11.00% 21.00% 31.00% 41.00%

1 2 3 4 5 6 7 8 2.78%

0.00% 2.00% 4.00% 6.00% 8.00% 1 2 3 4 5 6 7 8

Cancellation Rate

22 22

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

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

Updated: Sept 30, 2016

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

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SLIDE 23

7.79%

1.00% 6.00% 11.00% 16.00% 21.00% 1 2 3 4 5 6 7 8

5.33%

0.00% 10.00% 20.00% 1 2 3 4 5 6 7 8

19.82%

15.00% 25.00% 35.00% 45.00% 1 2 3 4 5 6 7 8

Updated: Sept 30, 2016

23 23

Mortgage Rejection Rate

Note: % Mortgage Rejection Rates are shown by units

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

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SLIDE 24

Bond Issuance (1 Year)

Fact sheet Detail

  • 1. Debentures’ name

Debentures of Ananda Development Public Company Limited No. 2/2016 Tranche 1 Due 2017

  • 2. Type of Debentures

Unsubordinated and Unsecured Debentures without a Debenture holders’ Representative in the Name-Registered Debenture Certificate

  • 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

6 October 2016

  • 9. Tenor

1 Year 10. Interest Rate 3.05%

  • 11. Credit Rating

“BBB” (stable) by Tris Rating 24 24

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SLIDE 25

Bond Issuance (3 Years)

25 25

Fact sheet Detail

  • 1. Debentures’ name

Debentures of Ananda Development Public Company Limited No. 2/2016 Tranche 2 Due 2017

  • 2. Type of Debentures

Unsubordinated and Unsecured Debentures without a Debenture holders’ Representative in the Name-Registered Debenture Certificate

  • 3. Offering Method

Institutional investors or/and high net worth investors

  • 4. Offering Amount

500,000 Units

  • 5. Face Value

1,000 Baht/Unit

  • 6. Offering Price

1,000 Baht/Unit

  • 7. Total Amount

500,000,000 Baht

  • 8. Issuing Date

6 October 2016

  • 9. Tenor

3 Years 10. Interest Rate 3.50%

  • 11. Credit Rating

“BBB” (stable) by Tris Rating

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SLIDE 26

Bond Issuance (5 Years)

26 26

Fact sheet Detail

  • 1. Debentures’ name

Debentures of Ananda Development Public Company Limited No. 2/2016 Tranche 3 Due 2017

  • 2. Type of Debentures

Unsubordinated and Unsecured Debentures without a Debenture holders’ Representative in the Name-Registered Debenture Certificate

  • 3. Offering Method

Institutional investors or/and high net worth investors

  • 4. Offering Amount

1,500,000 Units

  • 5. Face Value

1,000 Baht/Unit

  • 6. Offering Price

1,000 Baht/Unit

  • 7. Total Amount

1,500,000,000 Baht

  • 8. Issuing Date

6 October 2016

  • 9. Tenor

5 Years 10. Interest Rate 4.00%

  • 11. Credit Rating

“BBB” (stable) by Tris Rating

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SLIDE 27

Summary of 3Q2016

Successful Launches FY presales guidance up 5% Construction ahead schedule Interim dividend payment 3 Bonds issued – record low cost of debt

Ananda – The Harvest Continues!

Transfer 35% above target Presales 36% above target Net Profit up 56% YoY %SG&A to revenue down from 23% to 20% Record Backlog – 41.3 Bn Baht Net IBDE – below target at 0.8 times

27 27

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SLIDE 28

New business>> Mixed-use Project

28 28 28 28 Project

  • A mixed-use real

estate development project for retail, residential, or hotel purposes

Location

  • Rachadapisek

Road (A new CBD Area)

Land Area

  • 3 rai, 1 ngan and

67 sqw

Estimated GFA

  • 50,000 sqm

Ownership

  • 30 years

leasehold

Official Operating Period

  • Approximately

the first quarter

  • f 2020

Land Value

  • Approximately

Land value 2,079 million Baht for 30 years lease Cyber World

Potential Site Concept

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SLIDE 29

Ananda Innovation – Digital Ventures (DV)

29 29 29 29

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SLIDE 30

2016 Summary

30

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 21,500-22,500 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 20,500-21,000 Land Purchases (M Baht) 4,343 10,284 5,258 8,660

30 30

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SLIDE 31

31

2017 Business Plan >>Harvest Period Continues

Dec, 2012 2013 2014 2015 2016 2017

TRANSFER

8,808 MB

TRANSFER

9,678 MB

TRANSFER1

15,100 MB

TRANSFER1

25,072 MB

TRANSFER

9,598 MB 31 31 31

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

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SLIDE 32

32

2017 Business Plan >>Transfer

32

2017 Transfer target between 24,000 and 26,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 2017 Condo 858 1,636 1,466 4,866 8,826 Housing 515 512 727 1,078 2,832 Ananda F/S 1,374 2,148 2,192 5,944 11,658 Ananda Share in JV 628

  • 587

5,626 6,841 Mitsui Share in JV 604

  • 564

5,405 6,573 Total (M Baht) 2,605 2,148 3,343 16,975

25,072

10 new condo projects

to complete in 2017 2017 Transfer Growth Rate

66% YoY

1Q17 (F) 2Q17 (F) 3Q17 (F) 4Q17 (F)

858 1,636 1,466 4,866 515 512 727 1,078 628

  • 587

5,626 604

  • 564

5,405

Unit : Mil Baht Condo Housing Ananda Share in JV Mitsui Share in JV

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SLIDE 33

Updated: Sept 30, 2016

33 33 Ashton Residence 41 Ideo Sukhumvit 115

Unit: M Baht

New New

33% transfer after 2017

53.8% sold

67% transfer target in 17 10% transfer after 2017

64.3% sold

90% transfer target in 17

76% of Transfer Target will be derived from new projects

Ideo Mobi Bangsue Grand Interchange1

New

39.8% sold

67% transfer target in 17 33% transfer after 2017

Ideo Q Siam-Ratchathewi1

New

79.6% sold

71% transfer target in 17 29% transfer after 2016

Transfer Begins

New Housing Project

New

New Housing Project

New Housing Project

New

New Housing Project

1Q17 3Q17 2Q17

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

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SLIDE 34

Updated: Sept 30, 2016

34 34 Unio Sukhumvit 72

Unit: M Baht

New

76% of Transfer Target will be derived from new projects (Cont.)

4Q17

Transfer Begins

New

New Housing Project

Ideo Thaphra Interchange1

New

Venio Sukhumvit 10

New

Unio Rama2-Thakham

New

Q Chidlom-Phetchaburi1

New

32% transfer after 2017

45.5% sold

68% transfer target in 17

Ashton Asoke1

New

33% transfer after 2017

98.0% sold

67% transfer target in 17

New Housing Project

59% transfer after 2017

28.9% sold

41% transfer target in 17 42% transfer after 2017

37.6% sold

58% transfer target in 17 41% transfer after 2017

34.8% sold

59% transfer target in 17 44% transfer after 2017

78.0% sold

56% transfer target in 17

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

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SLIDE 35

Updated: Sept 30, 2016

35 35 Ideo Mobi Sukhumvit Eastgate Ideo Mobi Wongsawang Int. Ideo Q Chula-Samyan1 Unit: M Baht

29.9% already transferred

66.2% sold

35.3% transfer target in 17 21.3% already transferred

48.7% sold

36.8% transfer target in 17 8.0% already transferred

97.0% sold

18.0% transfer target in 17

24% of Transfer Target will be derived from existing projects

Unio Charan 3 Ideo Sathorn-Thaphra Ideo Wutthakat

0% already transferred

66.7% sold

47.0% transfer target in 17 88.1% already transferred

89.8% sold

4.7% transfer target in 17 86.2% already transferred

88.3% sold

4.5% transfer target in 17

Atoll (5 projects) Arden (3 projects) Ideo Mobi Charan Interchange

61.7% sold

57.6% already transferred 6.9% transfer target in 17

49.3% sold

45.4% already transferred 40.8% transfer target in 17 74.4% already transferred

76.7% sold

9.5% transfer target in 17

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SLIDE 36

36

2017 Business Plan >>Launches

36

2017 Launches Target between 35,000 and 37,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 2017 Condo 6,781 8,600 5,509 7,945 28,834 Housing 1,239 3,708 2,155

  • 7,102

Total (M Baht) 8,020 12,308 7,664 7,945

35,936

  • No. of Condo Project

4 3 1 2

10

  • No. of Housing Project

1 4 2

  • 7

Launches 17 Sites JV 7 Sites accounting for 71% of launches) 2017 Launches Growth Rate

74% YoY

1Q17 (F) 2Q17 (F) 3Q17 (F) 4Q17 (F) 6,781 8,600 5,509 7,945 1,239 3,708 2,155 Unit : Mil Baht Condo Housing

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SLIDE 37

37

2017 Business Plan >>Presales

37

2017 Presales Target between 29,000 and 31,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 2017 Condo

5,899 5,839 7,588 7,852 27,178 Housing 480 619 735 795 2,629 Total (M Baht) 6,379 6,458 8,323 8,647

29,807

2017 Presales Growth Rate

35% YoY

1Q17 (F) 2Q17 (F) 3Q17 (F) 4Q17 (F) 5,899 5,839 7,588 7,852 480 619 735 795 Unit : Mil Baht Condo Housing

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SLIDE 38

2017 Summary

38

Item 2013 Actual 2014 Actual 2015 Actual 2016 Guidance 2017 Guidance

Transfer (M Baht) 8,808 9,678 9,598 15,000-16,000 24,000-26,000 Presales (M Baht) 21,083 20,898 26,235 21,500-22,500 29,000-31,000 Gross Profit Margin 37% 38% 39% 34% 33-34% Total Debt / Equity, Year End 1.10 1.47 1.36 1.19 0.9-1.0 Net Interest Bearing D / E, Year End 0.30 0.74 0.70 0.94 0.5-0.6 Effective Tax Rate 21% 18% 22% 20% 20% Launches (M Baht) 34,213 14,954 34,828 20,500-21,000 35,000-37,000 Land Purchases (M Baht) 4,343 10,284 5,258 8,660 10,000-12,000

38 38

  • Our Unsold Inventory down 6% in last 6 months
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SLIDE 39

94% 45%

Company View

 Economic situation not strong  GDP growth projections revisions pending  Land price increases slowing  Construction costs constrained  Consumer confidence declined in October  Banks remain strongly supportive – Bond  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

39 39 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 40

Updated : 26 October 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

  • 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

40

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SLIDE 41

Thank you

Ananda Development PLC 2016

Contact:

  • Dr. John Millar

Chief Strategic Development Officer Ananda Development Public Company Limited john@ananda.co.th +662 056 2222 Mobile: +66 877 99 1946

  • Mr. Komsan Atthaphonphithak

Senior Investor Relations Manager Ananda Development Public Company Limited komsan@ananda.co.th +662 056 2222 Mobile: +66 819 16 3755

41 41

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SLIDE 42

Appendix

42 42 42

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SLIDE 43

Current Projects >> 9M 2016 Sales

43

Updated: Sept 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 7,434 61.7% 901 303 2,849 57.6% AD 14: Elio Sukhumvit 64 Mar-13 1,478 100.0%

  • 100.0%

AD14: Ideo Sathorn – Tha Phra Jul-13 3,683 76.7% 605 83 858 74.4% AD14: Elio Del Ray Aug-13 3,346 100.0% 365

  • 100.0%

AD 15: Ideo Wutthakat Aug-13 2,238 89.8% 478 37 229 88.1% AD15: Ideo Mobi Charan- Interchange Oct-13 3,796 88.3% 206 81 443 86.2% AD16: Ideo Q Ratchatewi Oct-13 2,009 99.0% (10) 57 19 96.2% AD16: Ideo Q Chula-Samyan1 Oct-13 6,834 97.0%

  • 6,088

202 8.0% AD17: Ashton Asoke1 Sep-14 6,705 98.0%

  • 6,572

133

  • AD17: Ideo Q Siam-

Ratchathewi1 Sep-14 3,816 79.6% 39 3,037 779

  • AD16: Ideo Mobi

Wongsawang-Interchange Sep-14 1,760 48.7% (264) 482 904 21.3% AD16: Ideo Mobi Sukhumvit Eastgate Sep-14 2,555 66.2% 160 926 864 29.9%

Sub total (2012-2014 Launched) 47,542 2,551 17,665 7,288

43

Note: 1 Joint Venture with Mitsui Fudosan

slide-44
SLIDE 44

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 8,702 71.5% 533 6,218 2,484

  • AD17: Ashton Residence 41

Mar-15 1,900 53.8% (64) 1,022 878

  • AD16: Unio Charan 3

Jun-15 2,111 66.7% 472 1,407 703

  • AD16: Arden 3 projects

Jun-15 2,914 49.3% 424 116 1,476 45.4% AD17: Ideo Sukhumvit 115 Aug-15 2,743 64.3% 509 1,763 980

  • AD17: Q Chidlom1

Aug-15 2,996 45.5% 53 1,363 1,633

  • AD18: Ideo O21

Aug-15 5,071 50.6% 1,142 2,568 2,503

  • AD17: Ideo Mobi Bangsue

Grand Interchange1 Nov-15 2,532 39.6% 406 1,002 1,530

  • AD18: Ashton Silom1

Nov-15 6,036 64.5% 1,417 3,890 2,146

  • Sub total

(2015 Launched) 35,004 4,892 19,349 14,333

AD17: Ideo Tha Phra Interchange1 Feb-16 2,985 28.9% 861 861 2,124

  • AD17: Unio Sukhumvit 72

Jul-16 1,460 34.8% 508 508 952

  • AD17: Unio Rama2-Thakham

Jul-16 985 37.6% 370 370 615

  • AD17: Venio Sukhumvit 10

Sep-16 861 78.0% 671 671 190

  • AD17: Ideo Mobi Asoke1

Sep-16 3,238 59.1% 1,915 1,915 1,324

  • Sub total

(2016 Launched) 9,528 4,325 4,325 5,203

Grand total

92,075 11,768 41,340 26,824

44 44

Current Projects >> 9M 2016 Sales (Cont.)

Note: 1 Joint Venture with Mitsui Fudosan

Updated: Sept 30, 2016