Q3 Q3 201 2013 3 INFO MEETING 20.11.2013 Nuttaphong ng Kunakor - - PowerPoint PPT Presentation

Q3 Q3 201 2013 3 INFO MEETING

20.11.2013

Nuttaphong ng Kunakor

• rnwon

nwong Deputy CEO At Attapol Sariddi dipun puntawat at CFO

Performance Highlights 3Q13 & 9M13

2

Presales

• 3Q13 : 3,505MB

drop 16% YoY

2 Condos launched in Q3’12

drop 24% QoQ,

3 Condos launched in Q2’13

• 9M13 : 10,393MB

growth 21% YoY, reach 69% of FY TARGET

2,507 1,942 4,172 8,620

2,255 4,634 3,505 10,393 Q1 Q2 Q3 9M

2012 2013

• 16%

+21%

(Unit : MB)

New Project Launched Number of Project Project Values 3Q13 6 Low-rise Projects (5SDH/1TH) 6,750MB 9M13 11 Projects (6 SDH/1TH/4Condo) 16,980MB 3

Operating Revenues

• 3Q13 : 2,352MB

growth 38% YoY drop 12% QoQ,

• 9M13 : 6,781MB

growth 52% YoY, reach 68% of FY TARGET

1,405 1,339 1,704 4,448

1,757 2,672 2,352 6,781 Q1 Q2 Q3 9M

2012 2013

+38% +52%

(Unit : MB)

4

Net Profit

• 3Q13 : 249MB

growth 64% YoY drop 12% QoQ,

• 9M13 : 758MB

growth 20% YoY

320 162 151 633

225 284 249 758 Q1 Q2 Q3 9M

2012 2013

+64% +20%

(Unit : MB)

5

Backlog

(Unit : MB)

149 377 106 650 7,538 8,011 10,448 11,272

7,687 8,387 10,554 11,922

• 2,000

4,000 6,000 8,000 10,000 12,000 14,000 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 High-Rise Low-Rise Back log

+ 9% + 26% + 13%

6% 8% 41% 37% 26% 23% 27% 32%

30-Jun-13 30-Sep-13 2016 2015 2014 2013 Plan Revenue Recognize in Year 2013-2016

(Unit :MB)

+45% +37%

• Backlog as of 30 Sep 2013 = 11,922MB, growth 13% from Backlog as of 30 Jun 2013

6

6 New Low-rise Projects Launched in August 2013

Co Contributed tributed Presales sales 730MB MB in Q3 2013

7

Project Summary :

• Locati

ation

• n

Satho horn rn–Pin Pinkl klao ao

• Project

ject Area a 20-2 2 Rai

• Project

ject Type e TH 2F/ / 3F

• Total

al Unit 192 Units

• Project

ject Value 850 MB

• Project

ject launch ch 17 Aug 2013

• Unit

t Price ce Start rt ~4 MB

• Functional

ctional Area a 122 (2F) ) / 162 (3F) ) Sq.m

• Land Plot

~21 - 26 26 Sq.wa

Progress of Overall Construction 60% Cumulative Presales as of 30 Sep’13 98MB 8

Project Summary :

• Locati

ation

• n

Onnuch uch - Ringro road ad

• Project

ject Area a 45-0 0 Rai

• Project

ject Type e SDH H 2F

• Total

al Unit 175 Units

• Project

ject Value 1,200 MB

• Project

ject launch ch 17 Aug 2013

• Unit

t Price ce Start rt 6.49 9 MB

• Functional

ctional Area a 167 / 185/ 205 Sq.m

• Land Plot

~50 - 55 55 Sq.wa

Progress of Overall Construction 10% Cumulative Presales as of 30 Sep’13 93MB 9

Project Summary :

• Locati

ation

• n

Rama V

• Project

ject Area a 24-1 1 Rai

• Project

ject Type e SDH H 2F/ Semi DH 2F

• Total

al Unit 111 Units

• Project

ject Value e 600 MB

• Project

ject launch ch 17 Aug 2013

• Unit

t Price ce Start rt 5.20 0 MB

• Functional

ctional Area a Semi DH 146 Sq.m. SDH H 161/180 /180 Sq.m

• Land Plot

Semi mi DH ~ 35 35 Sq.wa wa. . SDH H ~50 50-55 55 Sq.wa

Progress of Overall Construction 50% Cumulative Presales as of 30 Sep’13 101MB 10

Project Summary :

• Locati

ation

• n

Ramintra ntra

• Project

ject Area a 57-3 3 Rai

• Project

ject Type e SDH H 2F/ Semi DH 2F

• Total

al Unit 265 Units

• Project

ject Value e 1,900 0 MB

• Project

ject launch ch 24 Aug 2013

• Unit

t Price ce Start rt 5.99 9 MB

• Functional

ctional Area a Semi DH 146 Sq.m. SDH H 161/185/2 /185/205 Sq.m

• Land Plot

Semi mi DH ~ 35 35-39 39 Sq.wa. . SDH H ~50 50-77 77 Sq.wa

Progress of Overall Construction 40% Cumulative Presales as of 30 Sep’13 76MB 11

Project Summary :

• Locati

ation

• n

Ramintra ntra

• Project

ject Area a 25-0 0 Rai

• Project

ject Type e SDH H 3F

• Total

al Unit 51 Units

• Project

ject Value e 1,200 0 MB

• Project

ject launch ch 17 Aug 2013

• Unit

t Price ce Start rt 22 MB

• Functional

ctional Area 485/ 5/ 602 Sq.m

• Land Plot

~ 95 95-164 Sq.wa wa. .

Progress of Overall Construction 50% Cumulative Presales as of 30 Sep’13 241MB 12

Project Summary :

• Locati

ation

• n

Sathorn horn - Pinklao lao

• Project

ject Area a 19 19-1 1 Rai

• Project

ject Type e SDH 2F

• Total

al Unit 36 Units

• Project

ject Value e 1,000 0 MB

• Project

ject launch ch 24 Aug 2013

• Unit

t Price ce Start rt 30 MB

• Functional

ctional Area 462/ 2/ 532 Sq.m

• Land Plot

~102 102-179 Sq.wa wa. .

Progress of Overall Construction 50% Cumulative Presales as of 30 Sep’13 121MB 13

Financial Highlights : Q3 2013 & 9M 2013

Q3/2013 Q3/2012 Change Q2/2013 Change 9M 2013 9M 2012 Change (Restate) (Restate) (MB) (MB) (%YoY) (MB) (%QoQ) (MB) (MB) (%YoY) Total Revenue 2,356 1,709 38% 2,675

• 12%

6,791 4,460 52% Net Profit before Tax 313 197 59% 354

• 12%

866 638 36% Income tax expenses (60) (39) 54% (67)

• 11%

(165) (127) 30% Net Profit Before Deferred Tax 253 158 60% 287

• 12%

701 511 37% Deferred Tax (Expenses) Revenues (5) (7)

• 30%

(3) 48% 57 122

• 54%

Net Profit - as per Financial Statement 249 151 64% 284

• 12%

758 633 20% Q3/2013 9M 2013 14

Operatin rating g Re Revenue e 3Q13= 2,352 MB,+38%YoY and 9M13= 6,781MB,+52%YoY

1,207 1,138 1,502 3,708 1,555 2,467 2,138 198 201 202 203 202 205 214 1,405 1,339 1,704 3,911 1,756 2,672 2,352

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Revenue from Sales Revenue from Rental & Services Operating Revenue

Transfer : CR-S24 Transfer : 3 Condos

3,847 6,159 600 621 4,448 6,781

9M12 9M13

Revenue from Rental & Services Revenue from Sales

52%

Q3 2013 Q3 2012 Change (YoY) Q2 2013 Change (QoQ) 9M 2013 9M 2012 Change (YoY) Revenue from Sales 2,138 92% 1,502 85% 42% 2,467 92%

• 13%

6,159 91% 3,847 86% 60% Revenue from Rental & Services 214 8% 202 15% 6% 205 8% 4% 621 9% 600 14% 3% Operating Revenue 2,352 100% 1,704 100% 38% 2,672 100%

• 12%

6,781 100% 4,448 100% 52%

15

Pre-sa sales les : 3Q13 = 3

3,505 05 MB, -16% 16% YoY & 9M13 3 = 1 10,393 393 MB, +21% YoY

8,620 10,393 9M12 9M13 2,507 1,942 4,172 3,629 2,255 4,634 3,505 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 SDH TH Condo Presales

Pre-Sale

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Low-rise 49% 54% 39% 55% 70% 36% 62% High-rise 51% 46% 61% 45% 30% 64% 38%

9M12 9M13

45% 52% 55% 48%

21% PreSales (MB) 3Q13 3Q12 Change 2Q13 Change YoY QoQ Low-rise 2,180 1,641 33% 1,653 32% SDH 2,014 1,496 35% 1,530 32% TH 166 145 14% 123 35% High-rise 1,325 2,531

• 48%

2,981

• 56%

Total 3,505 4,172

• 16%

4,634

• 24%

9M13 9M12

Change

YoY 5,415 3,916 38% 5,015 3,508 43% 400 409

• 2%

4,978 4,704 6% 10,393 8,620 21%

Launch 2 Condos Launch 3 Condos

16

3,847 6,159

9M12 9M13

Reve venue ue from

• m Sale

e : 3Q13 13 = 2 2,138 38 MB,+ 42% % YoY & 9M13 13 = 6 6,159 59 MB,+ 60% YoY

17 1,207 1,138 1,502 3,708 1,555 2,467 2,138 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 SDH TH Condo Revenue

Revenue 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 Low-rise 92% 99% 100% 63% 87% 78% 77% High-rise 8% 1% 0% 37% 13% 22% 23%

Continuing transferred of CT-RS, CR-P11, CR-S49 and CR-S24 (start in 2Q13)

9M12 9M13 97% 80% 3% 20%

60%

Revenue (MB) 3Q13 3Q12 change 2Q13 Change YoY QoQ Low-rise 1,637 1,496 9% 1,923

• 15%

SDH 1,487 1,371 8% 1,764

• 16%

TH 150 125 20% 159

• 6%

High-rise 501 6 8393% 544

• 8%

Total 2,138 1,502 42% 2,467

• 13%

9M13 9M12

change

YoY 4,914 3,738 31% 4,511 3,400 33% 403 338 19% 1,245 109 1039% 6,159 3,847 60%

Prof

• fitabil

itability ity 3Q 3Q13 13 an and 9 d 9M1 M13 3 : Margin

in remain ain under r contr trol l

18

33.6% 34.5% 31.9% 33.0% 34.8% 33.5% 33.0% 66.9% 63.2% 64.4% 63.8% 64.3% 61.7% 64.4% 38.3% 38.8% 35.8% 34.6% 38.2% 35.6% 35.9% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

GP-Property for Sale GP-Property for Rent Gross Margin

By Q

33.2% 64.8% 37.5% 33.6% 63.5% 36.4%

GP-Property for Sale GP-Property for Rent Gross Margin

9M12 9M13

9M

Selling & Administra istrati tive ve Expenses ses Q3 2013

13 = 5 510 0 MB , -12% 2% QoQ QoQ ,+26% 6% YoY

19

10MB, +4% QoQ

143 238 172 57 94 82 203 246 256 308 326 403 598 453 578 510

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Selling Expenses (MB) Specific Business Tax and Transfer Fee (MB) Administrative Expenses (MB) SG&A

(Unit :MB)

13MB,

• 14% QoQ

66MB,

• 28% QoQ

69MB,

• 12% QoQ

5 Projects 4 Projects 5 Projects 2 Projects 3 Projects 6 Projects

New Project Launched by Q

Selling & Administra istrati tive ve Expenses ses 9M 2013 = 1,541 1 MB , +49% YoY

20

1,037

1,541

8,620

10,393

4,448

6,781 9M 2012 9M 2013

Administrative Expenses Specific Business Tax & Transfer Fee Selling Expenses SG&A Presales (Launch 9 Projects) (Launch 11 Projects)

(Unit : MB) 21% 52% 49%

• Selling Expenses (up 231 MB / +68% YoY)

Higher number of ongoing projects Expenses special events 10th Anniversary

• Specific business tax & Transfer Fee

(up 91 MB /+63% YoY )

Higher revenue from sales ( up 60% yoy)

• Administrative Expenses (up 181 MB / +33% YoY)

Business Expansion Increasing Staffs 107 persons in 9M2013

%Change YoY SG&A (MB) 1,037 1,541 49% Operating Revenue (MB) 4,448 6,781 52% SG&A (% of Operating Rev.) 23.3% 22.7% Presales (MB) 8,620 10,393 21% SG&A (% of Presales) 12.0% 14.8% 9M12 9M13

30-Sep-13 31-Dec-12 (MB) (MB) (MB) % YoY (Restate) Total Assets 25,949 22,783 3,166 14% Total Liabilities 15,745 13,239 2,507 19% Equity 10,204 9,544 660 7% ROA (%) 5.65% 5.92% Net Profit / Avg.Total Asset ROE (%) 13.67% 12.89% D/E (Time) 1.54 1.39 EPS 0.20 0.33 Book Value (Par 1 Baht) 2.75 2.90 * Split Par 5 Baht/Share to 1 Baht/Share since 30 Apr 13 Change

Financi cial al Positi tion

• n as of 30 Septem

tember er 2013

21

9,544 13,239 22,783 25,949 15,745 10,204

Total Asset Total Debt Total Equity

31-Dec-12 30-Sep-13

19% 14% 7%

0.96 0.97 1.12 1.28 1.39 1.50 1.55 1.54 0.68 0.75 0.91 1.04 1.02 1.17 1.20 1.20

• 0.20

0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80

• 5,000

10,000 15,000 20,000 25,000 30,000 31-Dec-11 31-Mar-12 30-Jun-12 30-Sep-12 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 Total Assets Total Liabilities Total Equities Debt to Equity Ratio (x) Net Gearing (x)

De Debt to Equity ty Ra Ratio / Ne Net Geari ring

22

(MB)

*

 Debt to Equity Ratio slightly decreased from 1.55x to 1.54x  Net gearing ratio stable at 1.20x

(x) * Restate : Deferred Tax

Office Buildings, Land & Technical Buildings for Rent SC : Shinawatra Tower 1,2 3, Computer Center Chaengwattana, Lotus Petkasem 81, The Junction OA : Office Building Phaholyotin Soi 9 UL : Land & Technical Building (Mobile Switching Center, Maintenance Center, Branch Offices) total 111 sites

Re Revenue e from

• m Re

Renta tal & Services ces 3Q1 Q13 3 & 9M1 M13

23  3Q13 : Revenue from Rental & Services 214 MB, 6% growth YoY (3Q12 = 202 MB)  9M13 : Revenue from Rental & Services 621 MB, 3% growth YoY (9M12 = 600 MB)

134 103 496 446 18 19

9M12 9M13

600MB 621MB 2%

6% 11% 23%

36 34 34 173 164 159 6 7 6

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

VL UL OA SC 198MB 201MB 202MB 203MB

B r e a k d o w n R e v e n u e f r o m R e n t a l & S e r v i c e s ( U n i t : M B )

202MB 214MB 205MB

Occu cupa pancy ncy Ra Rate / Vacancy cy Ra Rate : ST1 / ST2 / ST3

24

 ST1 & ST2 & ST3 comprised the total rentable area of 92,705 sq.m.  ST1 & ST2 : Occupancy Rate = 100%  ST3 : Occupancy Rate as of 30 Sep 2013 = 91%, Vacancy area 4,919 Sq.m (Vacancy rate 9%) 65.6% 64.5% 70.6% 68.1% 76.1% 70.6% 86.3% 84.9% 85.1% 85.3% 90.0% 90.9% 90.9% Mar-12 Jun-12 Sep-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13

Occupancy Rate of ST3

30% 59% 1% 10%

ST3 - Occupancy Rate 91%

House Used Office Plaza Vacancy

• Occupancy Rate of ST3 increased to 90.9% in September 2013
• Vacancy Area decrease to 4,919 sq.m. , reserved area for existing tenants expansion

• Achiev

hieve 10 Billion

• n Baht Reve

venue ue Tar arget get 2013 13

• New

w Project ject Launch unch in Q4 2013 13 launc nch h in Novem vember ber 2013 13 , with Pr Presa esales es over er 100M 0MB

• 31

31 Projec

• jects

ts for Sales es in Q4 Q4 2013, 13, with total remaining emaining values lues > 2 26,30 300MB 0MB

• Po

Pool l Corpo rpora rate e Campa mpaign gn 1 – 15 Decem cember ber 2013 13

• Clos
• se

e sale le of C CR-P1 P11, 1, CR-S24, S24, CR-S49 S49

• Po

Post stpon pone e New w Pr Proj

• jec

ect Launc unch h to 2014 14

• Issu

sued ed Bond d #2/255 2556 6 (PP II&HNW NW) 800MB 0MB tenor

• r 3 y

years ars Coupon upon rate e 5% per r year ear

SC Outlook in Q4 2013

25

3 Condominiums Ready to Move in

Data as of 31 Oct 2013

Sold out in October 2013 Remaining 3 Units ~20MB Remaining 17 Units ~80MB

THANK YOU

“Some Statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical

• facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”,

“intend” , “estimate” , “continue” , “plan” or other similar words. The statements are based on our management’s assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements”