Presentation 2017 Q2 Results Analyst Meeting and Business Plan - - PowerPoint PPT Presentation

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Presentation 2017 Q2 Results Analyst Meeting and Business Plan - - PowerPoint PPT Presentation

Presentation 2017 Q2 Results Analyst Meeting and Business Plan Disclaimer The information (Confidential Information) contained in this presentation is strictly confidential and is provided by Ananda Development Public Company Limited (the


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2017 Q2 Results Analyst Meeting and Business Plan

Presentation

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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.

Disclaimer

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3

  • 1. 2Q2017 Financial Results
  • Transfers
  • Backlog
  • Launches
  • Presales
  • Bonds Issue
  • 2. 2Q2017 Summary
  • 3. 5 Years Business Plan
  • 4. Company View
  • 5. Mass Transit Network Updates
  • 6. Interim Dividend

Agenda

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4

2Q/2017 Financial Statements

2Q2017 1Q2017 2Q2016 % Q-o-Q % Y-o-Y

M Baht % M Baht % M Baht % Total revenue

3,752 100% 2,314 100% 2,889 100% 62% 30%

Revenue from sale of real estate

2,661 71% 1,577 68% 2,528 87% 69% 5%

Other incomes

1,090 29% 738 32% 361 13% 48% 202%

Gross Profit

1,331 37% 722 33% 996 35% 84% 34%

SG&A

674 18% 548 24% 589 20% 23% 14%

Selling expenses

307 8% 215 9% 259 9% 43% 19%

Administrative expenses

366 10% 333 14% 331 11% 10% 11%

Share of Profit (Loss)

(300) (8%) (58) (2%) (91) (3%) 422% 230%

EBIT

519 14% 248 11% 370 13% 109% 40%

Interest expenses

104 3% 87 4% 75 3% 20% 39%

EBT

414 11% 161 7% 295 10% 158% 41%

Tax

135 19% 20 13% 85 22% 564% 59%

Net Profit (Loss)

279 7% 140 6% 210 7% 99% 33%

Earnings per share (baht)

0.07 0.03 0.05

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1H/2017 Financial Statements

1H2017 1H2016 % Y-o-Y

M Baht % M Baht % Total revenue

6,066 100% 5,485 100% 11%

Revenue from sale of real estate

4,238 70% 4,707 86% (10%)

Other incomes

1,828 30% 778 14% 135%

Gross Profit

2,053 36% 1,929 36% 6%

SG&A

1,222 20% 1,215 22% 1%

Selling expenses

522 9% 482 9% 8%

Administrative expenses

700 12% 733 13% (5%)

Share of Profit (Loss)

(358) (6%) (199) (4%) 79%

EBIT

767 13% 635 12% 21%

Interest expenses

192 3% 144 3% 33%

EBT

575 9% 491 9% 17%

Tax

155 17% 133 19% 17%

Net Profit (Loss)

420 7% 358 7% 17%

Earnings per share (baht)

0.10 0.09

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2Q/2017 Financial Highlights

2Q2017 1Q2017 2Q2016 % Q-o-Q % Y-o-Y

M Baht M Baht M Baht

Cash balance and equivalent

1,842 3,276 2,757 (44%) (33%)

Assets

26,147 27,311 22,717 (4%) 15%

Interest bearing debts

10,897 11,467 9,809 (5%) 11%

Liabilities

14,350 15,461 12,904 (7%) 11%

Shareholders' equity

11,797 11,850 9,813 (0.5%) 20%

D/E ratio (times)

1.22 1.30 1.31 (7%) (7%)

Net IBDE ratio (times)

0.77 0.69 0.72 11% 7%

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

Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2017 Condo 1,217 2,316 2,326 1,844 3,816 9,204

Housing 360 461 335 596 1,008 2,299 Ananda F/S 1,557 2,777 2,661 2,440 4,824 11,503 Ananda Share in JV 337 38 41 632 5,898 6,908 Mitsui Share in JV 324 36 39 607 5,667 6,637 Total (M Baht) 2,238 2,851 2,741 3,679 16,389

25,047

10 new condo projects to

complete in 2017

2017 Business Plan >>Transfers

1Q17 (A) 2Q17 (F) 2Q17 (A) 3Q17 (F) 4Q17 (F) 1,217 2,316 2,328 1,844 3,816 360 461 334 596 1,008 337 38 41 632 5,898 324 36 39 607 5,667 Unit : Mil Baht Condo Housing Ananda Share in JV Mitsui Share in JV

Raise 2017 Full Year Transfer Target by 0.2%

Growth

58

%

From 2016

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Updated: June 30, 2017

Ashton Residence 41

Unit: M Baht

New

76% transfer after 2017

48.4% sold

24% transfer target in 17

Ideo Mobi Bangsue Grand Interchange1

New

42.1% sold

48% transfer target in 17 52% transfer after 2017

Ideo Q Siam-Ratchathewi1

New

83.2% sold

78% transfer target in 17 22% transfer after 2017

Transfer Begins

1Q17 3Q17 2Q17

Ideo Sukhumvit 115

New

1% transfer after 2017

74.4% sold

99% transfer target in 17

89% Of Second Half Target Will Be Derived From New Projects

Value 2,038 M Baht Value 2,764 M Baht Value 3,822 M Baht Value 2,532 M Baht

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

Artale Phattanakarn-Thonglor

New

Airi Rama 5 - Ratchaphruek

New

Unio Town Lumlukka-Klong 4

New

51% transferred

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Updated: June 30, 2017

Unio Sukhumvit 72

Unit: M Baht

New

4Q17

Transfer Begins

New

New Housing Project

Ideo Thaphra Interchange1

New

Venio Sukhumvit 10

New

Unio Rama2-Thakham

New

Q Chidlom-Phetchaburi1

New

27% transfer after 2017

60.7% sold

73% transfer target in 17

Ashton Asoke1

New

25% transfer after 2017

97.9% sold

75% transfer target in 17

New Housing Project

51% transfer after 2017

41.5% sold

49% transfer target in 17 26% transfer after 2017

58.5% sold

74% transfer target in 17 34% transfer after 2017

68.3% sold

66% transfer target in 17 30% transfer after 2017

90.3% sold

70% transfer target in 17

Value 862 M Baht Value 1,488 M Baht Value 979 M Baht Value 6,705 M Baht Value 3,022 M Baht Value 2,790 M Baht

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

89% Of Second Half Target Will Be Derived From New Projects

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10 Ideo Mobi Sukhumvit Eastgate Ideo Mobi Wongsawang Int.

75.8% transferred

82.7% sold

46.5% transfer target in 17 32.9% transferred

37.2% sold

18.8% transfer target in 17

Unio Charan 3 Ideo Sathorn-Thaphra

73.8% transferred

71.1% sold

57.6% transfer target in 17 99.1% transferred

99.7% sold

7.4% transfer target in 17

Atoll (4 projects) Arden (3 projects) Ideo Mobi Charan Interchange

65.8% sold

64.9% transferred 9.2% transfer target in 17

63.1% sold

60.1% transferred 24.5% transfer target in 17 96.5% transferred

98.6% sold

15.4% transfer target in 17

Ideo Q Chula-Samyan1

Unit: M Baht

11% Of Second Half Transfer Target Will Be Derived From Existing Projects

Value 2,516 M Baht Value 1,774 M Baht Value 2,113 M Baht Value 3,549 M Baht Value 3,735 M Baht Value 6,804 M Baht Value 2,915 M Baht

Updated: June 30, 2017

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

Ideo Q Ratchathewi

100% transferred

100% sold

1.2% transfer target in 17

Value 2,008 M Baht

100% transferred

100% sold

11% transfer target in 17

Value 6,826 M Baht

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2017 2018 2019 2020 3,692 1,047 6,162 10,638 4,196 914 5,920 11,722 4,032 878 529 5 Unit: Mil Baht Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Partner's Share Ananda's Backlog - Housing

Backlog 49.7 Bn Baht 81% of the next 6M17

transfers secured by backlog

Record Backlog

Updated: June 30, 2017

16,304 23,412 1,792 8,228

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2.2% 1.0% 3.0% 5.0% 7.0% 1 2 3 4 5 6 7 8 9 10 17.5% 1.0% 11.0% 21.0% 31.0% 41.0% 1 2 3 4 5 6 7 8 9 10 2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 1 2 3 4 5 6 7 8 9 10

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

Cancellation Rate

Updated: June 30, 2017

1Q17

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

2Q17 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17

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7.5% 1.0% 6.0% 11.0% 16.0% 21.0% 1 2 3 4 5 6 7 8 9 10 13.3% 10.0% 20.0% 30.0% 40.0% 1 2 3 4 5 6 7 8 9 10 7.0% 0.0% 5.0% 10.0% 15.0% 20.0% 1 2 3 4 5 6 7 8 9 10

Mortgage Rejection Rate

Note: % Mortgage Rejection Rates are shown by units Updated: June 30, 2017

2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17

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2017 Launch Target between 42,000 and 43,000 M Baht

Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2017

Condo 1,875 21,163 21,880

  • 12,233

35,988 Housing 1,637 1,513 949 2,852 824 6,261 Total (M Baht) 3,512 22,676 22,829 2,852 13,057

42,249

  • No. of Condo Project

2 5 (JVs) 5 (JVs)

  • 4 (3 JVs)

11 (8 JVs)

  • No. of Housing Project

1 2 1 3 1

6 JV 8 Sites accounting for 78%

  • f launch value)

2017 Business Plan >>Launches

Q2/2017 launch target beat our latest guidance by 0.7%

1Q17 (A) 2Q17 (F) 2Q17 (A) 3Q17 (F) 4Q17 (F) 1,875 21,163 21,880 12,233 1,637 1,513 949 2,852 824 Unit : Mil Baht Condo Housing

17 Projects 42 Bn Baht

Growth

104

%

From 2016

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15

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New Launch In Q2 >> Ideo Q Victory

Ideo Q Victory Project value (M Baht) 3,208

  • No. of unit

348 Soft Launched date June 2017 Expected transfer date 2019 Location 0 m. from BTS Victory Monument

Note: 1 = Including international sales with on process be recorded for sales in Q3

New

Sales Rate1

100%

as of June 30th, 2017

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New Launch In Q2 >> Ashton Asoke-Rama 9

Asoke Asoke-Rama 9 Project value (M Baht) 6,396

  • No. of unit

593 Soft Launched date June 2017 Expected transfer date 2020 Location 230 m. from MRT Rama 9

New

Sales Rate1

74%

as of June 30th, 2017

Note: 1 = % of units released including international sales with on process be recorded for sales in Q3

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New Launch In Q2 >> Ideo New Rama 9

Ideo New Rama 9 Project value (M Baht) 2,956

  • No. of unit

994 Soft Launched date June 2017 Expected transfer date 2019 Location 380 m. from MRT Ramkhamhaeng 12

Note: 1 = % of units released including international sales with on process be recorded for sales in Q3

New

Sales Rate1

54%

as of June 30th, 2017

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New Launch In Q2 >> Ideo Q Sukhumvit 36

Ideo Q Sukhumvit 36 Project value (M Baht) 4,272

  • No. of unit

449 Soft Launched date June 2017 Expected transfer date 2019 Location 450 m. from BTS Thong Lo

New

Sales Rate1

45%

as of June 30th, 2017

Note: 1 = % of units released including international sales with on process be recorded for sales in Q3

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New Launch In Q2 >> Elio Del Nest

Elio Del Nest Project value (M Baht) 5,048

  • No. of unit

1,459 Soft Launched date June 2017 Expected transfer date 2019 Location 750 m. from BTS Udomsuk

New

Sales Rate1

24%

as of June 30th, 2017

Note: 1 = % of units released including international sales with on process be recorded for sales in Q3

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New Launch In Q2 >> Unio Town Lumlukka Klong 4

Unio Town Lumlukka Klong 4 Project value (M Baht) 949

  • No. of unit

303 Soft Launched date June 2017 Expected transfer date 2017 Location Lumlukka Klong 4 near Klong 4 station

New

Sales Rate1

36%

as of June 30th, 2017

Note: 1 = % of units released

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New Launch In Q3 >> Airi Rama 5 - Ratchaphruek

Airi Rama 5 - Ratchaphruek Project value (M Baht) 789

  • No. of unit

63 Soft Launched date July 2017 Expected transfer date 2017 Location Rama 5 Road, Nonthaburi

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New Launch In Q3 >> Artale Kaset - Nawamin

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New Launch In Q3 >> Atoll Wongwaen - Lumkukka

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2013 2014 2015 2016

5

Project

5 2 1

Year

8

2017

Joint Venture Continuing Joint Venture Since 2013

Q2/17: JV

18 Projects 82,000 M Baht

Value

Q4/17: JV will be 21 Projects with a project value of 93,000 M Baht

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2017 Presales Target between 30,500 and 31,500 M Baht

2017 Business Plan >>Presales

Q2/2017 presales beat our latest guidance by 50% and 2017 presales target by 0.02%

Quarter Quarter 1 Quarter 2 Quarter 2 (Actual) Quarter 3 Quarter 4 2017 Condo 3,836 6,569 10,322 5,576 8,390 28,125 Housing 600 783 728 774 809 2,911 Total (M Baht)

4,436 7,352 11,051 6,350 9,200

31,036

Growth

23

%

From 2016

1Q17 (A) 2Q17 (F) 2Q17 (A) 3Q17 (F) 4Q17 (F) 3,836 6,569 10,322 5,576 8,390 600 783 728 774 809 Unit : Mil Baht Condo Housing

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  • 5,000

10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 1 year 2 years 3 years more than 3 years 19,651 11,767 17,688 96 21,874 9,138 5,940 62 Unit:M Baht Backlog Unsold Inventories

Condo Unsold Inventories Aging Condo Unsold Inventories are Cleared by End of Construction

Updated: June 30, 2017

Backlog (condo) 49.2 Bn Baht Unsold Inventories (condo) 37 Bn Baht

Only 0.1% of Total Development Unsold After 3 Years

+

0.1% of condo

projects under development

86.2 Bn Baht

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Fact sheet Detail

  • 1. Debentures’ name

Debentures of Ananda Development Public Company Limited No. 3/2017

  • 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

3,000,000 Units

  • 5. Face Value

1,000 Baht/Unit

  • 6. Offering Price

1,000 Baht/Unit

  • 7. Total Amount

3,000,000,000 Baht

  • 8. Issuing Date

5 April 2017

  • 9. Tenor

3 Years 10. Interest Rate 3.95%

  • 11. Credit Rating

“BBB” (stable) by Tris Rating

Bond Issuance (3 Years)

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 Record Backlog – 49.7 Bn Baht  Net IBDE – below Target at 0.77 times  Successful Launches  Successful Bond Issue  Record Interim Dividend Payment

Ananda – The Harvest Continues!

 Revenues up 62% QoQ and 30% YoY  Presales beat guidance by 50%  Raise annual transfer and presales target  SG&A to Revenues down QoQ from 24% to 18%  Profits up 99% QoQ and 33% YoY  Net Profit Margin up QoQ to 7%

Summary 2Q 2017

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Item 2013 Actual 2014 Actual 2015 Actual 2016 Actual 2017 Guidance

Launches (M Baht) 34,213 14,954 34,828 20,693 42,000-43,000 Transfers1 (M Baht) 8,808 9,678 9,598 15,866 24,000-26,000 Presales (M Baht) 21,083 20,898 26,235 25,175 30,500-31,500 Gross Profit Margin 37% 38% 39% 35% 32% Total Debt / Equity, Year End 1.10 1.47 1.35 1.36 0.97 Net Interest Bearing D / E, Year End 0.30 0.74 0.70 0.77 0.67 Effective Tax Rate 21% 18% 17% 18% 20% Land Purchases (M Baht) 4,343 10,284 5,258 7,252 13,000-14,000

2017 Summary

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9,598

2015 TRANSFERS

9,598

65% YoY

TRANSFERS

15,866

58% YoY

TRANSFERS

25,047

69% YoY

TRANSFERS

42,357

14% YoY

TRANSFERS

48,497

20% YoY

TRANSFERS

58,187

2015-2019: 5 Times Growth

BACKLOG

16,304

BACKLOG

23,412

BACKLOG

8,228

Backlog 49.7 Bn Baht 81% of the next

6M17 transfers secured by Backlog

81% of

2H17

55% 17%

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

BACKLOG

1,792

3%

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 Economic situation stable  GDP growth projections revisions stable  Increased government disbursement  Land price increases slowing  Construction costs constrained  Consumer confidence slowing  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

Initial Sales Rate

Sources: AREA

59% 47% 58% 36% 64% 22% 53% 37% 0% 10% 20% 30% 40% 50% 60% 70% 0-300 m. > 1,000 m. 2013 2014 2015 2016

Company View

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Updated : 27 July 2017 Under Construction

  • 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)
  • Orange Line: Thai Cultural Center -

Minburi (2023)

Awarded in 2016 and 2017

  • Pink Line: Kalai - Minburi (2020)
  • Yellow Line: Ladprao – Samrong (2020)
  • Light Red Line: Bangsue – Phayathai –

Makasan – Huamark (2019)

  • Red Line: Bangsue – Hualamphong (2019)

*Approved by cabinet within 2016

  • Gold Line: Krungthonburi – Klongsan

(2018)

  • Gold Line: Klongsan – Pachathipok (2023)

*Approved by cabinet in March 2017

  • Purple Line: Taopoon – Ratburana (2024)

*Approved by cabinet in July 2017

  • Blue Line: Bangkae – Bhuthamonthon Sai 4

(2021)

  • Dark Green Line: Kukod - Lumlukka (2021)
  • Dark Green Line: Samutprakarn - BangPu

(2021)

  • Orange Line: Talingchan – Thai Cultural

Center (2023) *Will be approved by cabinet within 2017

Current Line Under Construction Awarding in 2016 & 2017

Mass Transit Network Expansion

 In 2017 72 kms of new lines will be approved by cabinet representing 46 new stations additional from 112kms of new lines approved in 2016 for 82 new stations  Future growth opportunities for Ananda for many years to come

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 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 dividend every year since IPO Board approves that an interim dividend should be paid in the amount of 6 satang per share increasing 50% from a year earlier Record Interim Dividend

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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

Thank You

Scan QR Code to talk to Ananda IR Chatbot

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Appendix

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

ADO: Atoll (Housing) Feb-13 Housing 6,804 65.8% 98 2,325 64.9% AD14: Ideo Sathorn – Tha Phra Jul-13 Condo 3,549 98.6% 74 50 96.5% AD15: Ideo Mobi Charan-Interchange Oct-13 Condo 3,735 99.7% 22 12 99.1% AD16: Ideo Q Ratchatewi Oct-13 Condo 2,008 100.0%

  • 100.0%

AD16: Ideo Q Chula-Samyan (JV) Oct-13 Condo 6,826 100.0%

  • 100.0%

AD17: Ashton Asoke (JV) Sep-14 Condo 6,705 97.9% 6,564 142

  • AD17: Ideo Q Siam-Ratchathewi (JV)

Sep-14 Condo 3,822 83.2% 3,181 641

  • AD16: Ideo Mobi Wongsawang-

Interchange Sep-14 Condo 1,774 37.2% 77 1,114 32.9% AD16: Ideo Mobi Sukhumvit Eastgate Sep-14 Condo 2,516 82.7% 174 436 75.8% AD18: Ashton Chula-Silom (JV) Mar-15 Condo 8,708 76.2% 6,639 2,070

  • AD17: Ashton Residence 41

Mar-15 Condo 2,038 48.4% 985 1,052

  • AD16: Unio Charan 3

Jun-15 Condo 2,113 77.1% 69 485 73.8% AD16: Arden 3 projects Jun-15 Housing 2,915 63.1% 87 1,077 60.1% AD17: Ideo Sukhumvit 115 Aug-15 Condo 2,764 74.4% 648 707 51.0% AD17: Q Chidlom (JV) Aug-15 Condo 3,022 60.7% 1,835 1,186

  • AD18: Ideo O2 (JV)

Aug-15 Condo 5,091 59.6% 3,032 2,059

  • AD17: Ideo Mobi Bangsue Grand

Interchange (JV) Nov-15 Condo 2,532 42.1% 1,067 1,465

  • AD18: Ashton Silom (JV)

Nov-15 Condo 6,115 65.9% 4,028 2,087

  • Sub total

(2013-2015 Launched) 73,038 28,578 16,909

Current Projects As Of June 2017

Updated: June 30, 2017

Note: JV = Joint Venture with Mitsui Fudosan

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Current Projects As Of June 2017 (Cont.)

Updated: June 30, 2017

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

AD17: Ideo Tha Phra Interchange (JV) Feb-16 Condo 2,790 41.5% 1,157 1,633

  • AD17: Unio Sukhumvit 72

Jul-16 Condo 1,488 68.3% 1,016 472

  • AD17: Unio Rama2-Thakham

Jul-16 Condo 979 58.5% 573 406

  • AD17: Venio Sukhumvit 10

Sep-16 Condo 862 90.3% 779 84

  • AD18: Ideo Mobi Asoke (JV)

Sep-16 Condo 3,246 67.8% 2,201 1,044

  • AD18: Ideo Sukhumvit 93 (JV)

Oct-16 Condo 6,220 85.4% 5,310 910

  • AD18: Ideo Phaholyothin-Chatuchak (JV)

Oct-16 Condo 2,552 61.7% 1,574 977

  • AD18: Ideo Sukhumvit 66 (JV)

Oct-16 Condo 2,422 40.6% 983 1,439

  • Sub total

(2016 Launched) 20,559 13,593 6,966

AD18: Unio Ramkhamhaeng-Serithai Mar-17 Condo 935 16.5% 154 781

  • AD18: Unio H Tiwanon

Mar-17 Condo 941 18.0% 169 772

  • AD17: Artale Phattanakarn-Thonglor

Mar-17 Housing 1,640 16.5% 271 1,369

  • AD19: Ideo Q Victory (JV)

Jun-17 Condo 3,208 96.1% (100%1) 3,084 124

  • AD20: Ashton Asoke-Rama 92 (JV)

Jun-17 Condo 6,396 28.0% (37%1) 1,792 4,604

  • AD19: Ideo Q Sukhumvit 363 (JV)

Jun-17 Condo 4,272 15.6% (35%1) 665 3,607

  • AD19: Ideo New Rama 94 (JV)

Jun-17 Condo 2,956 34.3% (43%1) 1,015 1,941

  • AD19: Elio Del Nest5 (JV)

Jun-17 Condo 5,048 6.6% (8%1) 335 4,713

  • AD17: Unio Town Lumlukka Klong 46

Jun-17 Housing 949 8.3% 79 871

  • Sub total

(2017 Launched) 26,345 7,564 18,781

Grand total

119,941 49,735 42,655

Note: JV = Joint Venture with Mitsui Fudosan

1 = Including international sales with
  • n process be recorded for sales in Q3
2 = Released 50% of total units 3 = Released 80% of total units 4 = Released 70% of total units 5 = Released a third of total units 6 = Released 23% of total units