PRU RUKS KSA A HOL OLDI DING NG PCL
1Q19 PERFORMANCE RESULTS
24 MAY 2019
PRU RUKS KSA A HOL OLDI DING NG PCL 1Q19 PERFORMANCE RESULTS - - PowerPoint PPT Presentation
PRU RUKS KSA A HOL OLDI DING NG PCL 1Q19 PERFORMANCE RESULTS 24 MAY 2019 Agenda nda i KEY HIGHL GHLIGHTS IGHTS $ ii ii FIN INAN ANCIAL IAL PERFORMAN FORMANCE iii iii BUSINES INESS HIGHL GHLIG IGHTS HTS 2 Agenda nda i
PRU RUKS KSA A HOL OLDI DING NG PCL
1Q19 PERFORMANCE RESULTS
24 MAY 2019
2
FIN INAN ANCIAL IAL PERFORMAN FORMANCE BUSINES INESS HIGHL GHLIG IGHTS HTS KEY HIGHL GHLIGHTS IGHTS
3
KEY HIGHLI GHLIGH GHTS
4
5
REVENUE UE NET PROFIT FIT BACKLOG KLOG GEARING ING (IBD/E BD/EQUIT UITY) Y) RATIN TING (by TRIS) IS)
After ter issuan suance ce Bt Bt3,500 500 m Bond nd on Mar 22 22
PRESALE SALE
12.0 .0% % YoY
Sligh ghtly ly down n from
x as end of 2018 2018 Backlog cklog was s approx.
51% of Year r to Go Targe rget t Revenue enue as end of 1Q19 19.
4,787 787 6,34 341 1
5,428 28
4,000 6,000 8,000
1Q18 4Q18 1Q19
5,45 450 2,851 851
3,958 58
1Q18 4Q18 1Q19
2,45 459 9 2,713 713
1,792 92
1,000 3,000 5,000 7,000 1Q18 4Q18 1Q19
2,588 487 2,105 105
1,000 3,000 5,000 7,000
1Q18 4Q18 1Q19
2,862 2,364 1,853 853
1,000 3,000 5,000 7,000
1Q18 4Q18 1Q19
1Q19 Presale of TH increased while that of SDH and Condo decreased YoY.
CONDO VALUE
CONDO DO
CONDO PREMIUM
TH TH SDH
+38.8% QoQ
+332.2% QoQ
CONDO DO VALUE UE AND PREMI EMIUM UM
Unit: Btm
6
+13.4% YoY
4,507 507 6,730 730
5,456 56
1Q18 4Q18 1Q19 1,790 4,791
4,249 49
1Q18 4Q18 1Q19
1,976 976 2,723 723
2,176 76
1Q18 4Q18 1Q19 17 1,806 1,537
1Q18 4Q18 1Q19
1Q19 Revenue from all segments significantly grew YoY.
TH TH SDH
+21.1% % YoY
+10.1% YoY
CONDO DO
+137. 7.4% % YoY
1,773 2,985 2,712 712
1Q18 4Q18 1Q19
CONDO VALUE CONDO PREMIUM +52.9% YoY
+8,941.2% YoY
CONDO DO VALUE UE AND PREMI EMIUM UM
Unit: Btm
7
Note: 1Q18 and 4Q18 Revenue are restated to comply with TFRS15.
28 28 2 8 13 13 5 12 12 1 7 4 11 11 2 5 4 4 2 1 1
2019 (F) 1Q19 (A) 2Q19 (F) 3Q19 (F) 4Q19 (F) TH SDH CONDO PREMIUM
55 55 Project ects Bt Bt68 68,10 100 0 m 5 5 Project ects Bt Bt6,250 250 m 17 17 Project ects Bt Bt22 22,45 450 0 m 23 23 Project ects Bt Bt22 22,75 750 0 m 10 10 Project ects Bt Bt16 16,65 650 0 m
50 50 Project ects will be launched
ched durin ing g 2Q-4Q19 9 with h project ect value e of Bt Bt61 61,850 850 m
8
Total tal 185 185 ac active ve pro rojec ects ts with h unsold ld val alue ue of Bt94 94,430 430 m, down fro rom m Bt100 100,47 470 0 m (-6%) %)
TH TH SDH CONDO PREMIUM TOTAL
111 44 22 8 185 185 Project Value (Btm) 88,179 49,294 48,982 21,551 208,006 % Sold 49% 46% 61% 81% 55% 55% Unsold Inventory (Btm) 5,769 2,877 5,599 487 14,732
PREMIUM MIUM
9
17 17,834 834
7,23 234 4 7,374 374
Unit: Btm
End of 1Q19 19 Backlo log g = Bt32 32,443 m
32 32,443 443
2019 2019 2020 2020 2021 2021
Backlog as End of 1Q19
CONDO DO
7,933 933
SDH TH TH
1,914 14 3,640
10
17 17,834 834 11 11,88 881
17 17,834 834
47 47,000 000
10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000
Existing 2019 Target
1Q19 Backlog
Bt Bt29 29,71 715 5 m 63 63% %
rget Revenue enue Required uired
17 17,28 285 47 47,00 000
PREMIUM EMIUM
4,347 Backl klog g Bt17 17,834 m = = 51 51% of YTG Target t Revenu enue
21 21,615 615 21 21,815 815 22 22,305 305 21 21,788 788 20 20,962 962 28 28,67 677 29 29,580 580 34 34,34 348 30 30,16 169 24 24,90 908 71 71,01 013 54 54,33 331 95 95,838 838 72 72,51 510 53 53,32 324
123 123,60 605 5
107 107,94 942 2 154 154,38 380 126 126,40 406 6
100 100,80 809 9
1Q18 Q18 2Q18 Q18 3Q18 Q18 4Q18 Q18 1Q19 Q19
Marke ket t Valu lue e (Btm Btm) Numbe umber r (Uni nits ts)
Remark : BMR is composited of BKK, Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhorn, Nakorn Pathom (Some parts) and Samut Songkhram (Some parts)
25% % YoY
13% % YoY
% YoY
% YoY
Source : Market Insight, Strategy & New Business Development
YoY
7,771 771 8,096 096 7,34 348 7,699 699 7,214 214 4,583 583 4,48 481 1 4,900 900 4,688 688 3,796 796 17 17,85 851 14 14,37 376 22 22,367 367 15 15,46 460 17 17,04 046
30 30,616 616
27 27,39 392 34 34,98 988 28 28,23 237
1Q18 Q18 2Q18 Q18 3Q18 Q18 4Q18 Q18 1Q19 Q19
17% YoY
% YoY
18% YoY
TH TH SDH CONDO TH TH SDH CONDO TH SDH CONDO
11
Transfer sfer Value ue (Btm tm)
52,581 48,584 50,509 53,461 51,605 46,006 43,604 45,198 46,304 45,197 76,871 71,563 79,226 84,506 88,482
181 181,10 104 4
169 169,06 060 180 180,07 078 8 189 189,23 232 2
1Q1 Q18 2Q1 Q18 3Q1 Q18 4Q1 Q18 1Q1 Q19
Unsold
entory ry (Units) its)
+15% % YoY YoY
YoY
% YoY YoY TH TH SDH CONDO
+5% YoY
56,673 59,160 74,756 72,369 77,159 104,201 168,430 161,767 222,740 10,903 8,058 9,233 2016 2017 2018 7,786 9,150 9,683 11,690 20,284 27,169 1,355 1,164 1Q-2 Q-2M 2018 1Q-2 Q-2M 2019
308 308,375 75 306 306,144 44 410,930 30
39 39,108 108 49 49,173 173 YoY +26 26%
+31 31% % YoY
+21 21% % YoY YoY +18 18% % YoY YoY TH TH SDH CONDO OTHERS -14 14% % YoY YoY
TH SDH CONDO
12
Source : Market Insight, Strategy & New Business Development
13
FIN INAN ANCIAL IAL PERFO FORMAN RMANCE
1Q18 1Q19 1Q18 1Q19 REVENUE
8,352 11,969 8,274 11,881
REVENUE GP MARGIN (%)
35.7% 35.0% 35.0% 34.5%
% SGA/ REVENUE
22.2% 16.2% 21.4% 15.6%
NET PROFIT
862 1,686 862 1,686
NP MARGIN (%)
10.3% 14.1% 10.4% 14.2%
unit:Btm BEFORE TFRS 15 AFTER TFRS 15
14
4,78 787 6,34 341 5,428 28 24 24,20 200 2,459 59 2,713 713 1,792 792 9,800 800 2,862 862 2,36 364 1,853 853 12 12,50 500 2,588 588 487 87 2,105 105 7,500 500 1Q18 4Q18 1Q19 2019 (Target)
TH SDH CD Premium 11 11,90 905
54 54,00 000 PRESALE SALE 11 11,178 178
Bt Bt11 11,17 178 8 m or 20.7
.7% of Target
rget
REVENUE UE
12 12,69 696
Unit: Btm 4,50 507 6,730 730 5,456 56 22 22,50 500 1,97 976 6 2,723 723 2,176 176 8,000 000 1,773 773 2,985 985 2,712 712 11 11,50 500 17 17 1,806 806 1,537 537 5,000 000 1Q18 4Q18 1Q19 2019 (Target)
TH SDH CD Premium
14 14,24 244
11 11,881 881
8,274 274
47 47,00 000
Bt Bt11 11,88 881 1 m or 25.3
.3% % of Target
rget
% QoQ QoQ +43.6 43.6% YoY YoY
% YoY YoY
% QoQ QoQ
15
Note: 1Q18 and 4Q18 Revenue are restated to comply with TFRS15.
CONDO CONDO
8,27 274 4 14 14,24 244
11 11,88 881
1Q18 4Q18 1Q19
REVE VENUE NUE FROM OM SA SALE LES
5,37 374 4 9,277 277
7,780 780
65.0 .0% 64.8 .8% 65.5 .5%
50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 62.0% 64.0% 66.0%1Q18 4Q18 1Q19
CO COGS GS CO COGS/ GS/SALE LES
1,775 775 2,47 479
1,855 855
21.4 21.4% 17.4 17.4% 15.6 15.6%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%1Q18 4Q18 1Q19
SG SG&A &A SG SG&A &A/SA SALE LES
862 2 2,006 006
1,686 686
10.4 10.4% 14.1% 14.2%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%1Q18 4Q18 1Q19
NE NET PROFIT NP NP MARGI GIN
Strong
et Profi fit t from
gher revenu enue e and d operati ration
fficiency iency (95. 5.6% % YoY) )
Unit: Btm
+Bt824 824 m m YoY YoY +43.6 3.6% % YoY YoY
16
REVENUE NUE COGS SG&A SG&A NET PROFIT IT
Note: 1Q18 and 4Q18 figures are restated to comply with TFRS15.
10.4% 9.8% 9.9% 10.2% 11.2% 15.1 15.1% 14.6% 15.3 15.3% 15.2 15.2% 16.8 16.8%
1Q18 2Q18 3Q18 4Q18 1Q19 ROA ROE
27 27,26 260 27 27,30 300 28 28,90 905 27 27,10 100 26 26,70 700 0.70 70 0.70 70 0.74 74 0.66 66 0.62 62 0.97 97 0.98 98 1.02 02 0.97 97 0.93 93
1Q18 2Q18 3Q18 4Q18 1Q19 IBD BD IBD/ BD/E D/ D/E
Deben enture re 22 22,200 00 Loan 500 500 PN PN 4,00 000
IBD Bt Bt26 26,70 700 0 m IBD D as of 1Q19 19 Bt Bt26 26,70 700 0 m
t of Debt t ~ ~ 2.53 53%
Unit: Btm
LIABILITIES + EQUITY
1,445 445 2,744 744 71 71,960 960 72 72,061 061 39 39,971 971 39 39,969 969 2,263 263 2,338 338 41 41,874 874 43 43,584 584 6,177 177 6,410 410
2018 1Q19 2018 1Q19 Cash Other CA Projects under development Non-CA TL Equity
81 81,84 845 81 81,84 845 83 83,55 553 83 83,55 553
ASSETS
17
IBD/E /E, D/E improved and stood lower than covenant of 2.0x. ROA, ROE gradually improved. IBD was controllable with relatively low average cost of debt. FINANCIAL NCIAL POSITION ON remained healthy.
18
BUSINES INESS HIGHL GHLIG IGHTS HTS
พฤกษา ที่หนึ่งในใจคนไทย ที่หนึ่งในตลาด
Vision
พฤกษา ใส่ใจ… เพื่อทั้งชีวิต
Purpose
Why: : เพราะ… ‚บ้าน‛ คือการลงทุนทั้งชีวิต ที่ที่อยู่แล้วมีความสุขที่สุด และ ไร้กังวล เรา… จึงใส่ใจ สร้างสรรค์ คุณภาพ และ บริการที่เป็นเลิศ‛ เพื่อลูกค้า
Heart of Success ess
Winning g with Peop
le
ain Pruks ksa a #1 1 Leade dership ip in Real l Estate Defend Value & Establish Premium Build Power Brand
ad with Inno-Tech Digitizing Pruksa Product, Service & Sales Channel
ality & Cost Effici icienc ncy No Compromise in Quality Control 4. 4. Seedi ding ng for Future Accelerate Vimut
Strate tegy
19
.
20
SAL ALES ES EXCE CELL LLENC ENCE
Pruksa ksa Sales es Team am Pruksa ksa Membe mbers rs
Busin iness Allia ianc nces es (B (B2B) B)
Broke kers
Resale ale E- Co Comme mmerce rce
ck hub
NOW!! Let’s Make a Deal
gent t alliances ances
tching ng
Agents
et 78 78k- 90 90k units ts/y /yea ear
21
02 079 9 1888 88 1739 39
บ้านเดี่ยว ทาวน์เฮ้าส์ คอนโด ท าเลศักยภาพ มากกว่า 79 โครงการ
547 7 ยูนิต เข้าร่วม Shope pee Promoti motion
Exclusive Deal จองเพียง 6 บาท แชมป์อีคอมเมิร์ซ เอเชียตะวันออกเฉียงใต้
22
23
PATIO Praram 9-Pattanakarn
PS TOWNH WNHOUSE OUSE
No.1st
st
BMR MARKET
Segmen ment t > Bt Bt10 10 m Segmen ment t Bt7-10 0 m Segmen ment t Bt5-7 7 m Segmen ment t Bt3-5 5 m Segmen ent t Bt2-3 3 m Segmen ment t Bt1.5 1.5-2 2 m
Share e 47 47% Share e 24 24% Share e 31 31%
No.1st
st 1Q19
19
Share e 32 32% Share e 29 29%
No.2nd
nd 1Q19
19
Share e 18 18%
No.1st
st 1Q19
19 No.1st
st 1Q19
19 No.1st
st 1Q19
19 No.1st
st 1Q19
19
1Q19 9 Mark rket et Share re 23
23%
24
Grand Opening Feb 2019
PATIO IO | พระราม 9
9 – พัฒนาการ
Bt511 m Sold
ld Out in 1 Day
SEGME MENT NT Bt5-7 7 m & & Bt7-10 10 m m
25
Gra rand Opening MAY Y 201 019
Project Value Bt1,180 m
Product Townhome 2 Fl. Price starts Bt2.20 m Project Facility Auto Access Card, CCTV, Garden, Home Automation
BAAN PRUKSA | หนองมน - ชลบุรี THE PLANT | หนองมน - ชลบุรี
Gra rand Opening MAY Y 201 019
Project Value Bt915 m
Product Single Detach House Price starts Bt3.69 m Project Facility Club House, Fitness, Swimming Pool, CCTV, Double Gate, Free Wi-Fi
26
Gra rand Op Opening MAY Y 201 019
Project Value Bt960 m
Product Townhome 2 Fl. Price starts Bt2.30 m Project Facility Fitness, Kid Club, Co Working Space Auto Access Card, CTV, Double Gate
PRUKSA VILLE | ประชาอุทิศ-สุขสวัสดิ์ 78
Gra rand Opening JUL 201 019
Project Value Bt1,730 m
Product Townhome 2 Fl. Price starts Bt3.90 m Project Facility Club House, Fitness, Auto Access Card, CCTV, Double Gate, Home Automation
PRUKSA VILLE | กรุงเทพกรีฑา-วงแหวนฯ
27
Gra rand Opening JUN 201 019
Project Value Bt1,181 m
Product Townhome 2 Fl. Price starts Bt1.90 m Project Facility Auto Access Card, CCTV, Garden, Home Automation
Gra rand Op Opening JUL 201 019
Project Value Bt930 m
Product Townhome 2 Fl. Price starts Bt2.35 m Project Facility Club House, Fitness, Auto Access Card, CCTV, Double Gate, Free Wi-Fi
BAAN PRUKSA | สุขุมวิท - บางปู BAAN PRUKSA | ราชพฤกษ์ 345
28
Gra rand Op Opening SEP 201 019
Project Value Bt710 m
Product Townhome 4 Fl., Twin House 3 Fl., Price starts Bt8.90 m, Bt12.90 m Project Facility Club House, Fitness, Auto Access Card, CCTV, Double Gate, Home Automation
THE CONNECT | ดอนเมืองสเตชั่น
Gra rand Opening OCT 201 019
Project Value Bt1,416 m
Product Townhome 2 Fl. Price starts Bt3.50 m Project Facility Club House, Fitness, Auto Access Card, CCTV, Double Gate, Free Wi-Fi
PATIO RESIDENCE | รัชโยธิน
29
30
Passorn Bhuddhamonthon Sai 2-Bangwaek
‚New Product Launched‛ Start Bt14 m ‘Last Phase Sold Out 1 Day’
Presale Bt
THE E PLAN ANT T CIT ITI I CHAENGWATTANA HAENGWATTANA
31
PRIVAT ATE E SOCIET ETY Y BEST IN CLASS PRODUC DUCT EXTRAV RAVAG AGANT ANT FACIL ILITI ITIES ES
PROJE JECT VALUE UE Bt Bt1,082 082 m / / 134 134 UNIT ITS / Bt Bt7-15 15 m
BHUD UDDH DHAMO MONTH THON SAI2-BA BANGWA GWAEK K
32
THE E PALM LM
KRUNGTH NGTHEP EP KREETHA THA WONGWA NGWAEN EN
PRIVAT IVATE SOCI CIETY TY BES EST T IN CLASS ASS PRODU DUCT CT EXTRAVA VAGANT T FACILITIE ILITIES
PROJEC OJECT VALUE LUE Bt Bt1,205 05 m m 91 91 UNITS SEG EGME MENT Bt10 10-15 15 m
33
34
THE THREE Sukhumvit 71
THE TREE SUKHUMV UMVIT IT 71 71
THE TREE LADPHR HRAO AO 15 15
PLUM CONDO O RAM60 INTERCH RCHANG ANGE
35
3 3 NEW W CB CBD D LOCA CATI TION ONS
TOTAL PROJECT VALUE Bt
Bt4,800 800 m
COMING SOON
URBA BAN NATURE E DIS ISRUPTIO PTION
36
PLUM DON MUEANG
THE PRIVACY SUKHUVIT101 THE PRIVACY PARK ONNUT
3 LOCA CATIO TIONS NS
THI
N MUEANG EANG
NNUT UT
CLOSE SE TO MASS SS TRANS NSIT IT BOTH OPE PERA RATED ED LINE AND UNDER R CONSTRU TRUCTI TION ON LINE.
TOTAL AL PR PROJECT OJECT VALUE UE Bt Bt3,800 800 m
37
38 Chapter Thonglor 25
39
(Existing Segment) (New Segment) (Existing Segment)
Condo
ent t Bt3-5 5 m Condo
ment t Bt5-10 10 m Condo
ment t > Bt10 10 m
Specific Demand under Market Pressure
isti ting ng Project ects
ects
New Proj
ects
Exis istin ing g Proje jects
201 018 Succ cces ess Stor tory y (Launched 4Q2018)
Presale ale 1Q2019 : Bt2,502 m Presa sale le 1Q20 2019 19 : Bt90 906 6 m
201 019 Pro rojec ect t to be lau aunched ched
40
41
Remarkable Profit with Excellent Revenue Growth Improved Overall Cost Efficiency Revenue Growth in all Segments Healthier Inventory and Strong Backlog Successful Digital Marketing & Best Practice for New Project Launch Strong Plan Ahead:
i ii ii iii ii iv iv v vi vi
Pruksa Holding Public Company Limited (‚Pruksa‛) provides this presentation for the purpose of publishing company’s performance and material financial information. Some statements made in this presentation are forward-looking statements with subject to change due to the market’s condition and various uncertainties. These also include statements with respect to our management strategies, beliefs and expectations. Pruksa, therefore, makes no representation or warranty as to the accuracy, completeness or appropriateness of the information contained in this presentation. This presentation does not constitute any advice, offer or solicitation for any investment or otherwise. The readers or recipients should consider the information carefully and are requested to use their own discretion to review the information relating to Pruksa from the presentation and the other sources before making a decision in any transaction. Any unauthorized use, reproduction or distribution in whole or in part of the information contained in this report without Pruksa’s permission is strictly prohibited. However, Pruksa reserves the right with its own discretion to amend or modify the information contained in this presentation without any prior notice. Pruksa shall not endorse or accept any responsibility for the content or use of any such opinion or statement.