Presentation 2014 Q1 Results Analyst Meeting 1 Disclaimer The - PowerPoint PPT Presentation

Presentation 2014 Q1 Results Analyst Meeting 1

Disclaimer 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. 2

Agenda 1. Q1 Financial Results 3. Five Year Plan 2. Q1 Detail 4. Bond 1. Revenue 5. Macro 2. Presales 6. Dividend 3. Cancelation Rate 4. Mortgage Rejection Rate 7. Trading Performance 5. Backlog 6. Launch Plan 3

1Q/2014 Financial Statements 1Q2014 4Q2013 1Q2013 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Revenue 1,790 100% 6,105 100% 1,050 100% -71% 70% Other incomes 14 1% 22 0% 13 1% -36% 6% Gross Profit 600 34% 2,252 37% 401 39% -73% 50% SG&A 422 24% 909 15% 329 31% -54% 28% Selling expenses 196 11% 676 11% 164 16% -71% 20% Administrative expenses 226 13% 232 4% 165 16% -3% 37% Other expenses 2 0% 8 0% 60 6% -78% -97% Share of Profit (Loss) -9 -1% -82 -1% 0 0% N/A N/A EBIT 181 10% 1,276 21% 25 2% -86% 633% Interest expenses (Buyout) 0 0% 0 0% 0 0% N/A N/A Interest expenses 41 2% 54 1% 8 1% -23% 438% EBT 140 8% 1,222 20% 17 2% -89% 722% Tax 29 21% 223 18% 12 72% -87% 141% Net Profit (Loss) 110 6% 999 16% 5 0% -89% 2210% Earnings per share (baht)* 0.03 0.30 0.001 -89% 2210% Note: 1 Revenue from real estate generated 1,714 M Baht, 5,860 M Baht and 1,003 M Baht for 1Q2014, 4Q2013 and 1Q2013, respectively 4

1Q/2014 Financial Highlight 1Q2014 4Q2013 1Q2013 % Q-o-Q % Y-o-Y M Baht M Baht M Baht Cash balance 1,077 2,309 1,894 -53% -43% Assets 12,911 12,482 10,284 3% 26% Interest bearing debts 4,700 4,163 2,803 13% 68% Liabilities 6,922 6,603 5,212 5% 33% Shareholders' equity 5,989 5,879 5,072 2% 18% D/E ratio (times) 1.2 1.1 1.0 3% 12% Net IBDE ratio (times) 0.6 0.3 0.2 92% 238% 5

2014 Business Plan – Quarterly Revenues Condo Housing Total 3,000 Quarter (M Baht) (M Baht) (M Baht) 2,500 Unit : Mil Baht Quarter 1 2,000 1,050 450 1,500 Guidance 1,500 Quarter 1 1,376 338 1,714 1,000 Actual 500 Quarter 2 1,344 812 2,156 - 1Q14 1Q14 2Q14 3Q14 4Q14 Quarter 3 1,600 750 2,350 (F) (A) (F) (F) (F) Quarter 4 2,300 550 2,850 Condo Landed property Grand Total 6,620 2,450 9,070 Q1/2014 Revenues above our guidance 14% 2014 Revenue target between 8,500 and 9,500 M Baht 6

Revenue Sources and Risks Updated: Mar 31, 2014 Revenue to achieve in the Backlog Source Begins Risk Note next 9 months (M Baht) (M Baht) Whole year Q1 2,658 1,663 Sales Risk to sell Whole year Q1 136 136 Sales Risk to sell Household Started finance Q2 850 1,133 Debt pre-approval Household Q4 850 1,572 Debt Construction Q4 650 1,788 Risk Whole year Q1 2,212 1,267 Sales Risk to sell 7,356 7,559 Total 7

2014 Business Plan – Quarterly Presales Condo Housing Total Quarter (M Baht) (M Baht) (M Baht) 7,000 6,000 Quarter 1 1,000 400 1,400 Guidance Unit : Mil Baht 5,000 4,000 Quarter 1 1,463 679 2,142 Actual 3,000 Quarter 2 350 450 800 2,000 1,000 Quarter 3 50 550 600 - Quarter 4 5,700 500 6,200 1Q14 1Q14 2Q14 3Q14 4Q14 (F) (A) (F) (F) (F) Condo Landed property Grand Total 7,563 2,179 9,742 Q1/2014 Presales above our guidance 53% 2014 Presales target between 8,500 and 9,500 M Baht 8

Cancellations Updated: Mar 31, 2014 Cancelled Value %Cancellation (Q1/2014) Rate (Q1/2014)* 772 M Baht 2.6% Condo 208 M Baht 9.8% Housing Total 980 M Baht 3.1% Note: % Cancellation Rates are calculated by cancelled value divided by total presales 9

Mortgage Rejection Rate Updated: Mar 31, 2014 YTD March 2014 Mortgage Rejection Rate (units): Condo 0.0% Transferred: 359 units/ No. of customers rejected for mortgage: 0 YTD March 2014 Mortgage Rejection Rate (units): Housing 22.9% Transferred: 111 units/ No. of customers rejected for mortgage: 33 YTD March 2014 Mortgage Rejection Rate (units): Total 6.6% Transferred: 470 units/ No. of customers rejected for mortgage: 33 10

Current Projects >> 2014 Sales to Date Updated: Mar 31, 2014 Value Net Sales Unsold Inventory Project Launched (M Baht) %Net Sold %Transfer (Q1 2014) (M Baht) AD2: Ideo Verve Nov-08 2,153 99.7% 7 7 98.9% Ratchaprarop AD3: Ideo Mobi Sukhumvit Feb-12 3,401 86.8% 103 448 76.1% AD3: Ideo Mobi Phayathai Feb-12 1,459 94.7% 36 77 71.2% AD3: Ideo Mobi Sathorn Feb-12 1,887 99.9% (2) 2 70.1% AD3: Ideo Mobi Rama 9 Feb-12 2,837 82.7% 67 492 68.9% ADO: Atoll Feb-13 8,358 25.3% 471 6,240 10.2% AD2: Ashton Morph Mar-13 2,910 100.0% 45 - 95.9% AD 14: Elio Sukhumvit 64 Mar-13 1,482 76.4% 40 349 - AD14: Ideo Sathorn – Tha Jul-13 3,660 48.9% 66 1,871 - Phra AD14: Elio Del Ray Aug-13 3,233 48.6% 274 1,661 - AD 15: Ideo Wutthakat Aug-13 2,147 41.0% 103 1,267 - AD15: Ideo Mobi Charun- Oct-13 3,667 58.5% (41) 1,521 - Interchange AD16: Ideo Q Ratchatewi Oct-13 2,019 98.7% (27) 26 - AD16: Ideo Q Chula- Oct-13 6,761 94.3% 19 383 - Samyan Total 45,973 1,162 14,345 11

Backlog Updated: Mar 31, 2014 8,370 9,000 8,000 7,000 3,125 Unit: M Baht 6,000 5,209 5,000 5,377 4,000 3,000 5,209 5,245 4,110 2,000 1,000 1,267 - 2014 2015 2016 Presales to achieve Ananda's Backlog - Condo Mitsui's Share Ananda's Backlog - Housing revenue target Note: Backlog from Ideo Q Ratchatewi change from 2015 to 2016 9,000 8,000 7,000 New launches 6,000 18.96 Bn Baht in Backlog Unit: M Baht 5,000 5,650 4,000 Necessary 3,000 revenue (next 9 months) 2,000 2,188 1,000 0 As of March 14 12

2014 Business Plan – Quarterly Launches 16,000 14,000 Condo Housing Total Quarter (M Baht) (M Baht) (M Baht) 12,000 Unit:Mil Baht 10,000 Quarter 1 - - - 8,000 Quarter 2 - - - 6,000 4,000 Quarter 3 - - - 2,000 Quarter 4 14,950 - 14,950 - 1Q14 (F) 2Q14 (F) 3Q14 (F) 4Q14 (F) Grand Total 14,950 - 14,950 Condo Landed property Note: “ Ananda ” includes projects owned 100% by Ananda plus percentage share of JV projects Acquisitions : 8 Sites Launches : 4 Sites 2014 Launches target between 14,500 and 15,500 M Baht 13