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Presentation 2017 Q1 Results Analyst Meeting and Business Plan - - PowerPoint PPT Presentation

Presentation 2017 Q1 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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Presentation

2017 Q1 Results Analyst Meeting and Business Plan

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

Agenda

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1Q/2017 Financial Statements

1Q2017 4Q2016 1Q2016 % Q-o-Q % Y-o-Y

M Baht % M Baht % M Baht % Total revenue

2,314 100% 3,767 100% 2,595 100%

  • 39%
  • 11%

Revenue from sale of real estate

1,577 68% 2,716 72% 2,179 84%

  • 42%
  • 28%

Gain on sale of investment

71 3% 0% 0% N/A N/A

Other incomes

666 29% 1,051 28% 417 16%

  • 37%

60%

Gross Profit

722 33% 1,135 32% 933 37%

  • 36%
  • 23%

SG&A

548 24% 719 19% 626 24%

  • 24%
  • 12%

Selling expenses

215 9% 287 8% 223 9%

  • 25%
  • 4%

Administrative expenses

333 14% 433 11% 403 16%

  • 23%
  • 17%

Share of Profit (Loss)

(58)

  • 2%

420 11% (108)

  • 4%
  • 114%
  • 47%

EBIT

248 11% 1,071 28% 265 10%

  • 77%
  • 6%

Interest expenses

87 4% 93 2% 69 3%

  • 7%

27%

EBT

161 7% 978 26% 196 8%

  • 84%
  • 18%

Tax

20 13% 84 15% 48 16%

  • 76%
  • 57%

Net Profit (Loss)

140 6% 891 24% 149 6%

  • 84%
  • 6%

Earnings per share (baht)

0.03 0.26 0.04

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1Q/2017 Financial Highlights

1Q2017 4Q2016 1Q2016 % Q-o-Q % Y-o-Y

M Baht M Baht M Baht

Cash balance and equivalent

3,276 2,683 2,835 22% 16%

Assets

27,311 25,366 21,855 8% 25%

Interest bearing debts

11,467 10,937 9,704 5% 18%

Liabilities

15,461 14,612 12,997 6% 19%

Shareholders' equity

11,850 10,754 8,858 10% 34%

D/E ratio (times)

1.30 1.36 1.47

  • 4%
  • 11%

Net IBDE ratio (times)

0.69 0.77 0.78

  • 10%
  • 11%
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2017 Transfer target between 24,000 and 26,000 M Baht

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

Condo 1,142 1,217 2,316 2,677 3,336 9,545 Housing 523 360 461 741 1,002 2,565 Ananda F/S 1,664 1,557 2,777 3,418 4,338 12,110 Ananda Share in JV 350 337 38 586 5,614 6,574 Mitsui Share in JV 336 324 36 563 5,393 6,316 Total (M Baht) 2,350 2,238 2,851 4,567 15,345

25,000

10 new condo projects to

complete in 2017 2017 Transfer Growth Rate

58% YoY

2017 Business Plan >>Transfers

 2017 Full Year Transfer Target unchanged

1Q17 (F) 1Q17 (A) 2Q17 (F) 3Q17 (F) 4Q17 (F) 1,142 1,217 2,316 2,677 3,336 523 360 461 741 1,002 350 337 38 586 5,614 336 324 36 563 5,393 Unit : Mil Baht Condo Housing Ananda Share in JV Mitsui Share in JV

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Updated: Mar 31, 2017

Ashton Residence 41

Unit: M Baht

New

37% transfer after 2017

47.1% sold

63% transfer target in 17

Ideo Mobi Bangsue Grand Interchange1

New

42.5% sold

67% transfer target in 17 33% transfer after 2017

Ideo Q Siam-Ratchathewi1

New

82.9% sold

71% transfer target in 17 29% transfer after 2017

Transfer Begins

1Q17 3Q17 2Q17

Ideo Sukhumvit 115

New

10% transfer after 2017

67.3% sold

90% transfer target in 17

New Housing Project

New

New Housing Project

76% Of Transfer Target Will Be Derived From New Projects

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

Value 2,036 M Baht Value 2,741 M Baht Value 3,821 M Baht Value 2,532 M Baht

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Updated: Mar 31, 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

33% transfer after 2017

55.9% sold

67% transfer target in 17

Ashton Asoke1

New

33% transfer after 2017

97.9% sold

67% transfer target in 17

New Housing Project

55% transfer after 2017

37.4% sold

45% transfer target in 17 33% transfer after 2017

52.3% sold

67% transfer target in 17 40% transfer after 2017

49.2% sold

60% transfer target in 17 55% transfer after 2017

88.8% sold

45% transfer target in 17

76% Of Transfer Target Will Be Derived From New Projects (Cont.)

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

Value 862 M Baht Value 1,451 M Baht Value 976 M Baht Value 6,705 M Baht Value 3,012 M Baht Value 2,761 M Baht

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9 Ideo Mobi Sukhumvit Eastgate Ideo Mobi Wongsawang Int.

51.4% transferred

69.7% sold

45% transfer target in 17 28% transferred

35.2% sold

39% transfer target in 17

Unio Charan 3 Ideo Sathorn-Thaphra Ideo Wutthakat

42.1% transferred

71.4% sold

54% transfer target in 17 94.0% transferred

100.0% sold

6% transfer target in 17 92.1% transferred

97.3% sold

7.5% transfer target in 17

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

63.2% sold

61.9% transferred 10% transfer target in 17

58.7% sold

51.5% transferred 21.4% transfer target in 17 84.3% transferred

91.2% sold

14.4% transfer target in 17

Ideo Q Chula-Samyan1 Ideo Q Ratchathewi

89.1% transferred 11% transfer target in 17 98.8% transferred 1.2% transfer target in 17

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

24% Of Transfer Target Will Be Derived From Existing Projects

Value 2,619 M Baht Value 1,773 M Baht Value 2,110 M Baht Value 6,824 M Baht 99.8% sold 100.0% sold Value 2,008 M Baht Value 3,547 M Baht Value 2,226 M Baht Value 3,735 M Baht Value 6,802 M Baht Value 2,919 M Baht

Updated: Mar 31, 2017

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2017 2018 2019 4,984 607 5,650 10,890 1,355 5,429 11,964 1,302 278 Unit: Mil Baht Ananda's Backlog - Condo Ananda's Backlog in JV - Condo Partner's Share Ananda's Backlog - Housing

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Backlog 42.5 Bn Baht 73% of the next 9M17

transfers secured by backlog

Record Backlog

Updated: Mar 31, 2017

16,342 23,461

Unit: M Baht

2,658

2017 2018 2019

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2.5% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 1 2 3 4 5 6 7 8 9 10 22.2% 1.0% 11.0% 21.0% 31.0% 41.0% 1 2 3 4 5 6 7 8 9 10 2.2% 0.0% 2.0% 4.0% 6.0% 8.0% 1 2 3 4 5 6 7 8 9 10

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

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

3Q16 4Q16

Cancellation Rate

Updated: Mar 31, 2017

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

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8.4% 1.0% 6.0% 11.0% 16.0% 21.0% 1 2 3 4 5 6 7 8 9 10 20.5% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 1 2 3 4 5 6 7 8 9 10 6.6% 0.0% 5.0% 10.0% 15.0% 20.0% 1 2 3 4 5 6 7 8 9 10

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Mortgage Rejection Rate

Note: % Mortgage Rejection Rates are shown by units

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

Updated: Mar 31, 2017

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

Quarter Quarter 1 Quarter 1 (Actual) Quarter 2 Quarter 3 Quarter 4 2017 Condo 1,850 1,875 21,163 5,055 9,247 37,340 Housing 1,636 1,637 1,513 2,333

  • 5,483

Total (M Baht) 3,486 3,512 22,676 7,388 9,247

42,823

  • No. of Condo Project

2 2 5 (JVs) 2 (1 JV) 3 (JVs)

12 (9 JVs)

  • No. of Housing Project

1 1 2 2

  • 5

Launches 17 Sites JV 9 Sites accounting for 79% of launch value)

2017 Launch Growth Rate

107% YoY

2017 Business Plan >>Launches

1Q17 (F) 1Q17 (A) 2Q17 (F) 3Q17 (F) 4Q17 (F) 1,850 1,875 21,163 5,055 9,247 1,636 1,637 1,513 2,333 Unit : Mil Baht Condo Housing

Raise Q2/2017 launch target from our latest guidance by

267% and 2017 launches target by 2%

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New Launch In Q1 >> New Brand Of Housing: Artale

Artale Project value (M Baht) 1,637

  • No. of unit

49 Soft Launched date March 2017 Expected transfer date Q2 2017 Location 3.5 km. from Thonglor

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Unio H Tiwanon Project value (M Baht) 941

  • No. of unit

378 Soft Launched date March 2017 Expected transfer date 2018 Location 100 m. from MRT Tiwanon

New Launch In Q1 >> Unio H Tiwanon

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Unio Ramkhamhaeng-Serithai Project value (M Baht) 934

  • No. of unit

700 Soft Launched date March 2017 Expected transfer date 2018 Location 1.5 km. from Sriburapa Station

New Launch In Q1 >> Unio Ramkhamhaeng-Serithai

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New Launch In Q2 >> Ashton Asoke-Rama 9

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New Launch In Q2 >> Ideo Q Victory

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New Launch In Q2 >> Unio Town Lumlukka Klong 4

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

2017 Presales Growth Rate

23% YoY

2017 Business Plan >>Presales

Raise Q2/2017 presales target from our latest guidance by 25% and 2017 presales target by 2%

1Q17 (F) 1Q17 (A) 2Q17 (F) 3Q17 (F) 4Q17 (F) 4,379 3,836 6,569 9,577 8,300 617 600 783 697 669 Unit : Mil Baht Condo Housing

Quarter Quarter 1 Quarter 1 (Actual) Quarter 2 Quarter 3 Quarter 4 2017 Condo 4,379 3,836 6,569 9,577 8,300 28,282 Housing 617 600 783 697 669 2,748 Total (M Baht) 4,996 4,436 7,352 10,274 8,969

31,030

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

Updated: Mar 31, 2017

Backlog (condo) 42.2 Bn Baht Unsold Inventories (condo) 24.5 Bn Baht

Only 0.6% of Total Development Unsold After 3 Years

+

Unit: M Baht

  • 5,000

10,000 15,000 20,000 25,000

1 year 2 years 3 years more than 3 years

11,861 12,750 17,416 155 7,734 10,307 6,058 426

Unit:M Baht Backlog Unsold Inventories

0.6% of condo

projects under development

66.7 Bn Baht

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Fact sheet Detail

1. Debentures’ name Subordinated Perpetual Debentures of Ananda Development Public Company Limited No. 1-2/2017

  • 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

16 Mar 2017 9. Interest Rate Year 1 to 5, Fixed Rate at 8.0% per annum Year 6 to 25, Govt Bond Yield 5 year plus Initial Credit Spread (5.82%) plus 0.25% per annum Year 26 onward, Govt Bond Yield 5 year plus Initial Credit Spread (5.82%) 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.

Hybrid Instruments Issuance

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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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Net IBDE – below Target at 0.69 times Successful Bond Issue Record Dividend Payment

Ananda – The Harvest Continues!

Unchanged annual transfers Increase annual launch target by 2% Raise annual presales target by 2% Raise Q2/2017 launch target by 267% Raise Q2/2017 presales target by 25% Record Backlog – 42.5 Bn Baht

Summary 1Q 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

Note : 1 Including Transfers from Joint Venture with Mitsui Fudosan

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Note: The 5-year plan has assumption of no new capital and keeping net IDE ratio at 1:1 9,598

2015 TRANSFERS

9,598

65% YoY

TRANSFERS

15,866

58% YoY

TRANSFERS

25,000

69% YoY

TRANSFERS

42,357

14% YoY

TRANSFERS

48,497

20% YoY

TRANSFERS

58,187

2015-2019: 5 Times Growth

BACKLOG

16,342

BACKLOG

23,461

BACKLOG

2,658

Backlog 42.5 Bn Baht 73% of the next

9M17 transfers secured by Backlog

73% of

9M17

55% 5%

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 Economic situation stable  GDP growth projections revisions stable  Increased government disbursement  Land price increases slowing  Construction costs constrained  Consumer confidence increasing  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 : 4 May 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)

Awarded in 2016 and 2017

  • Orange Line: Thai Cultural Center -

Minburi (2022)

  • 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

  • Blue Line: Bangkae – Bhuthamonthon Sai

4 (2021)

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

(2021)

  • Purple Line: Taopoon – Ratburana (2023)
  • 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 Shareholders at the AGM approved that a dividend was paid in the amount of 12.5 satang per share increasing 25% from a year earlier Record Dividend

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LPS

 Strategic Partnership  Plan to invest in Lumpinee Project Management Services Co., Ltd. (LPS) in a proportion of 10 percent of LPS's total shares after LPS's capital increase to Baht 50,000,000 at an appropriate value proposed by an independent financial advisor approved by the SEC  LPS is a real estate development service provider  Expect to have an appropriate value for investment by the second quarter of 2017

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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

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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 6,802 63.2% 109 2,505 62.1% AD14: Ideo Sathorn – Tha Phra Jul-13 Condo 3,547 91.2% 52 311 89.8% AD 15: Ideo Wutthakat Aug-13 Condo 2,226 100.0%

  • 100.0%

AD15: Ideo Mobi Charan- Interchange Oct-13 Condo 3,735 97.3% 35 100 96.4% AD16: Ideo Q Ratchatewi Oct-13 Condo 2,008 100.0% 5

  • 99.7%

AD16: Ideo Q Chula-Samyan (JV) Oct-13 Condo 6,824 99.8% 63 15 98.9% AD17: Ashton Asoke (JV) Sep-14 Condo 6,705 97.9% 6,564 142

  • AD17: Ideo Q Siam-Ratchathewi

(JV) Sep-14 Condo 3,821 82.9% 3,167 653

  • AD16: Ideo Mobi Wongsawang-

Interchange Sep-14 Condo 1,773 35.2% 82 1,148 30.6% AD16: Ideo Mobi Sukhumvit Eastgate Sep-14 Condo 2,619 69.7% 183 793 62.7% AD18: Ashton Chula-Silom (JV) Mar-15 Condo 8,706 74.2% 6,461 2,245

  • AD17: Ashton Residence 41

Mar-15 Condo 2,036 47.1% 959 1,077

  • AD16: Unio Charan 3

Jun-15 Condo 2,110 71.4% 214 603 61.3% AD16: Arden 3 projects Jun-15 Housing 2,919 58.7% 103 1,206 55.2% AD17: Ideo Sukhumvit 115 Aug-15 Condo 2,741 67.3% 1,845 896

  • AD17: Q Chidlom (JV)

Aug-15 Condo 3,012 55.9% 1,685 1,327

  • Current Projects As Of March 2017

Updated: Mar 31, 2017

Note: JV = Joint Venture with Mitsui Fudosan

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Current Projects As Of March 2017 (Cont.)

Updated: Mar 31, 2017

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

AD18: Ideo O2 (JV) Aug-15 Condo 5,083 57.8% 2,935 2,147

  • AD17: Ideo Mobi Bangsue Grand

Interchange (JV) Nov-15 Condo 2,532 42.5% 1,077 1,456

  • AD18: Ashton Silom (JV)

Nov-15 Condo 6,111 64.8% 3,960 2,150

  • Sub total

(2013-2015 Launched) 75,311 29,500 18,775

AD17: Ideo Tha Phra Interchange (JV) Feb-16 Condo 2,761 37.4% 1,034 1,727

  • AD17: Unio Sukhumvit 72

Jul-16 Condo 1,451 49.2% 714 737

  • AD17: Unio Rama2-Thakham

Jul-16 Condo 976 52.3% 510 466

  • AD17: Venio Sukhumvit 10

Sep-16 Condo 862 88.8% 765 96

  • AD18: Ideo Mobi Asoke (JV)

Sep-16 Condo 3,245 68.5% 2,221 1,023

  • AD18: Ideo Sukhumvit 93 (JV)

Oct-16 Condo 6,214 81.7% 5,075 1,139

  • AD18: Ideo Phaholyothin-Chatuchak

(JV) Oct-16 Condo 2,549 51.7% 1,317 1,232

  • AD18: Ideo Sukhumvit 66 (JV)

Oct-16 Condo 2,422 42.5% 1,030 1,392

  • Sub total

(2016 Launched) 20,480 12,668 7,812

AD18: Unio Ramkhamhaeng-Serithai Mar-17 Condo 934 11.6% 108 826

  • AD18: Unio H Tiwanon

Mar-17 Condo 941 12.5% 118 823

  • AD17: Artale Phattanakarn-Thonglor

Mar-17 Housing 1,637 4.1% 66 1,570

  • Sub total

(2017 Launched) 3,512 293 3,219

Grand total

99,303 42,461 29,806

Note: JV = Joint Venture with Mitsui Fudosan