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Quarter 1 / 2019 1 Disclaimer The information contained in this - - PowerPoint PPT Presentation
Quarter 1 / 2019 1 Disclaimer The information contained in this - - PowerPoint PPT Presentation
Quarter 1 / 2019 1 Disclaimer The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (PLAT or the "Company") to you solely for your reference. Neither
Disclaimer
The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (“PLAT” or 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 and their respective affiliates or advisors. 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 and their respective affiliates or advisors. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the 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 and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company 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 or any other jurisdiction. Any recipient considering a purchase of securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in the final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. The information in this presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as 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 which are in many cases
- utside the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such
- 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 anticipated by the Company in the forward looking statements. You are cautioned not to place undue reliance on these forward looking statements. In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct any inaccuracies therein which may become apparent. None of PLAT or any of their respective affiliates or other advisors accepts any liability to any person in relation to the granting of access to, or possession of, this document in any jurisdiction.
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“ To be the leader in commercial property development sector with mixed use development to cover residential, office and hotel together with fill support for entrepreneur, social and environment by making the optimum return to shareholders, encouraging work life balance to employees, and looking for corporate partners to achieve the sustainable growth.”
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PLAT’S VISION MISSIONS
To Support “Pratunum Trading District” development as a central strategic location for the country. To continue strengthen wholesale and retail shopping center management in all market segments. To promote the holistic view of mixed used property development to meet business requirement for local and South East Asia. To encourage the entrepreneurship, strategic partner engagement, and responsible for social , community, environment, employees and shareholders for sustainable growth. To develop personnel potentiality in preparation for business expansion and encourage the employees to align with the business engagement strategy and the encouraging the novelty or new ideas to generate new innovation
Major Shareholders
Choturangko
- l Family,
49% Wijithanarak family, 11% Limpiviwatk ul family, 8% Pongsuthima nus family, 4% Institutional Investors, 14% Others, 14%
2,800,000,000 Shares
As of Mar 2019
PLAT’S Profile
Symbol “PLAT”
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Business Rental & Service 1 Food & Beverage Business 3 Business Hotel 2 For Rent Business Office Building 4
Well mixed with synergy support to each others
Diversified Business Portfolio
PLAT group’s business
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Rental & Service Business (The Platinum Fashion Mall, The Market Bangkok, The Neon Night Bazaar and The Wharf Samui) Hotel Business (Novotel Bangkok Platinum Hotel) Food & Beverage Business (Food center on the 6th floor inside of The Platinum Fashion Mall) Office Building For Rent Business (Future Project on top of The Market Bangkok)
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Location
Annual Tenant Meeting SME Empowering Prime Location
PLAT’s strengths
Tenants Supports Low D/E Low Risk Growth Company
- 4 Hotels
- 1 Retail
- 1 Office Building
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Executive Summary
Industry
- International Tourism Arrival increased by 2% YoY in Q1/19 to 10.8 Million.
- Thailand’s Consumer Confidence Index (CCI) slightly up to 80.7 in Q1/19 from 80.4 in
Q4/18. Household debt remained high and affects the spending power of consumers.
- Same-store sales growth(SSSG) in Q1/19 of major retailers drop to 12.5% from 14.5% in
Q1/18 due to weak domestic consumption.
Source : CBRE, BOT, Ministry of Tourism & Sports
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Executive Summary
Business
- Q1/19 Revenue = 604 MB(+14% YoY), Net Profit = 201MB (-1% YoY)
- Q1/19 SG&A per Total Revenue = 17% (0% YoY)
- Q1/19 Group’s Revenue proportion : Rental & Service 67%, Hotel Business 19%, F&B 10%,
Others 4%
- Q1/19 GP Margin = GP Margin 57%, NP Margin 33%
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
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29.9 32.5 35.4 38.3 41.1 1.62 1.63 1.82 2.01 2.2
- 30
- 25
- 20
- 15
- 10
- 5
5 5 10 15 20 25 30 35 40 45
2015 2016 2017 2018 2019 (F)
No.of foreign tourist Tourist receipt (Trillion Baht)
Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport Kasikorn Research 28 Jan 2019
Source: Ministry of Tourism and Sport Kasikorn Research 28 Jan 2019
Key factors affect an arrival of International Tourism
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Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport
500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 JAN FEB MAR APR MAY JUN JULY AUG SEP OCT NOV DEC
2015 2016 2017 2018 2019
AGENDA
- Industry Update
- Q1/2019 Performance view
- Outlook
- The Market Project Update
- Q&A
- Appendix
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1,097 1,757 1,787 2,507 2,273 216 BEFORE 2018 2018 2019 2020 2021 2022
2021 onwards
4-Year Capital Expenditures Plan (Project Investment)
2020 2019
32,938 Sq.m. 288 Hotel Keys 62,282 Sq.m. 288 Hotel Keys 62,282 Sq.m. 617 Hotel Keys 106,982 Sq.m. 1,583 Hotel Keys
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2018
34,282 Sq.m. 288 Hotel Keys
2015-2017
Unit : MB
1,097 1,757 1,787 2,507 2,273 216
BEFORE 2018 2018 2019 2020 2021 2022
2019 Projects in pipeline Investment
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1,262 MB 512 MB 13 MB Others
Unit : MB
Operate Land Ownership Leasable Area (sq.m.) Avg Rental Rate %OCC
The Platinum Fashion Mall Dec 2005 Freehold 23,087 3,092 97% Wharf Samui Jan 2015 Leasehold 5,423 543 28% Neon Night Bazaar Phase 1:Dec 2016 Phase 2: Dec 2018 Leasehold 5,772 1,721 83% The Market Bangkok Retail Phase 1 14 February 2019 Leashold 28,000 1,462 77% Novotel Platinum Pratunam Nov 2011 Freehold 288 keys 3,472 95%
Current Projects (Q1/2019)
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Investment value (MB) Tentative Timeline Ownership Leasable Area The Market Retail Phase 2
1,000 Q2/2021
Leasehold 30 +30 Years ended 2079
6,700 sq.m.
The Platinum Tower @ M2
1,900 Q2/2021
Leasehold 30 +30 Years ended 2079
38,000 sq.m.
Fairfield by Marriot @ M3
1,300 Q2/2021
Leasehold 30 +30 Years ended 2079
434 keys
Moxy Hotel @ M1
1,400 Q2/2021
Leasehold 30 +30 Years ended 2079
532 keys
Holiday Inn Resort Samui
425 Q3/2020
Freehold
127 keys
Holiday Inn Express
475 Q3/2020
Freehold
202 keys
Projects in pipeline
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- Since December 2018, Neon Phase 2 contributes additional NLA 1,344 Sq.m.
- Since February 2019, The leasable area from Rental &Service business increases from 34,282 sq.m. to 62,282 sq.m. (+82%)
from The Market Bangkok (M1,M2 building).
23,087 23,087 23,087 23,087 23,087 5,423 5,423 5,423 5,423 5,423 4,428 5,772 5,772 5,772 5,772 28,000 28,000 34,700 38,000
2017 2018 2019 2020 2021 Platinum Fashion Mall The Wharlf Samui Neon Night Bazar Retail@The Market The Platinum Tower (office)
Expansion Plan –Rental & Service
Rental & Service Business ( Sq.m. Leasable Area)
Y2017 32,938 Y2019 62,282 Y2018 34,282 Y2021 106,982 Y2020 62,282
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Expansion Plan- Hotel
Hotel Business (Keys)
288 288 288 288 288 127 127 202 202 434 532 2017 2018 2019 2020 2021 Novotel BKK Holiday Inn Resort samui Holiday Inn Express Samui Fairefield @ M3 Moxy @ M1
Y2017 288 Y2019 288 Y2018 288 Y2021 1,583 Y2020 617
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- In year 2020, there will be 329 additional keys from Holiday Inn Samui.
- In year 2021, there will be another 2 hotels in The Market Bangkok project with 966 keys from Moxy
Hotel on M1 and Fairfiled by Marriott on M3 Building.
69 166 250 438 630 704 772 785 203 199 186 198 201
2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
272 432 503 719 950 1,043 1,171 1,177 301 297 280 299 317
2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
Financial Summary
670 1,015 1,169 1,445 1,768 1,863 2,059 2,117 531 517 512 557 604
2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
Unit :Million Baht
EBITDA Margin
Net Profit Margin 41% 43% 43% 50% 54%
10% 16%
21% 30% 36% 56% 38% 52% 58% 38% 57% 33%
Overview
57% 36% 55%
38% 37% 35%
56% 54%
20
- 2 MB,
- 1% YoY
+73 MB, +14% YoY
37%
+16 MB, +5% YoY
Net Profit Ebitda Revenue
59% 20% 13% 8%
670 1,015 1,169 1,445 1,769 1,863 2,059 2,117
2011 2012 2013 2014 2015 2016 2017 2018
Rental and Services Hotel Business Food and Beverage Others
Note: Revenue from hotel business includes both room revenue and Novotel F&B revenue
Unit : Million Baht
Revenue Breakdown
531 517 512 557 604
Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Rental and Services Hotel Business Food and Beverage Others
59%
62%
57% 39% 3% 43% 28% 25% 4% 45% 26% 24% 5% 63% 17% 16% 4% 59% 13% 19% 9% 1%
21%
12% 5% 59% 13% 20% 8%
Key Highlights Financial Highlights Business Overview Future Projects
65%
13%
19%
3%
65%
13%
21%
1% 13% 63% 20% 4%
60% 22%
13% 5%
21
67% 19%
10% 4%
296 454 582 836 992 1,068 1,213 1,307 323 319 326 336 330
2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
62%
- 7 MB,
- 2 % YoY
Gross profit Margin 63% 64% 46% 47% 52% 60% 61% 62% 64%
Unit : Million Baht
64% 64% 22
Gross Profit from Core Business
57%
181 209 237 62 51 58 66 59
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
Unit :Million Baht
Core Business
837 941 1,005 247 253 252 252 256
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
Gross Profit from Rental Business Gross Profit from Hotel Business Gross Profit from Food & Beverage Business
+9 MB, +4% YoY
50 63 65 14 15 16 18 15
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
- 3 MB,
- 5% YoY
+1 MB, +7% YoY
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% GP of Core Business
69% 76% 76% 76% 75% 75% 75% 76% 76% 75% 63% 50% 40% 45% 50% 53% 55% 56% 53% 54% 55% 53% 24% 19% 21% 20% 24% 24% 22% 23% 24% 25% 24%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Rental &Service Hotel F&B
RENTAL & SERIVICE F&B HOTEL
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Business Type The Biggest wholesale and retail fashion shopping mall
- ver 2,600 shops where had opened since November 2005
The Platinum Fashion Mall
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Average R Walk Traffic per day
Average No. of tourism traffic on R Walk
- Q1/19 =70,239 people per day (+32% YoY)
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53,093 52,512 53,667 54,263 56,448 67,035 66,372 70,481 67,925 63,731 68,454 76,656 62,553
68,806 70,395 71,515 72,891
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec AVG 2017 2018 2019
REMARK : July 22-31, 2016 ( 10 Days) Open Skyline (Full Phase) on Mar 29, 2017 Open Gate 7 (Big C) on May 14, 2018 Open Gate 2 (Novotel) on Jan 28, 2019 and Open The Market on Feb 14, 2019
Platinum Fashion Mall Traffic
50 100 150 200 250 300 350 400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Buses
2017 2018 2019
200 400 600 800 1000 1200 1400 1600 1800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Vans
2017 2018 2019
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- No. of Buses visiting the Platinum Fashion Mall
Q1 2019 : 741 bus -3% YoY
- No. of Vans visiting the Platinum Fashion Mall
Q1 2019 : 3,052 vans -28% YoY
2,974 3,101 3,175 3,183 3,184 3,175 3,156 3,092
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
Baht per sq.m. per month
Occupancy Rate
Rental Rate
The Platinum Fashion Mall
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 98% 98% 98% 98% 99% 99% 98% 97%
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- 91 MB,
- 2% YoY
3,525 Sq.m. 4,046 Sq.m
2,716
2,163
2,484 1,000 997
1,134
1,282 2,158 3,303
Q3/18 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q4/22 Q3/23 Q4/23
Lease area(Sq.m.) AVG Rental rate (Baht/Sqm)
The Platinum Fashion Mall
Expiring Schedule and average rental rate of long-term contract
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Breakdown by Category
As of 31 Mar 2019 As of 31 Mar 2019
The Platinum Fashion Mall
By Area By Shop
Fashion clothes and accessories 67% Storage 15% restuarants 9% Banks 3% Services 4% Others 2% Fashion clothes and accessories 75% Storage 15% restuarants 3% Banks 1% Services 3% Others 3% 31
Breakdown of Unearned Rental Income
Note : The proportion is calculated base on leasable area in both buildings of The Platinum Fashion Mall.
Breakdown of Tenant term
As of 31 Mar 2019 As of 31 Mar 2019
The Platinum Fashion Mall
166 MB, 46% 195 MB ,54% Within 1 year Within 2-5 year 1,044 Contracts, 59% 737 Contracts, 41% 1-3 year 10 year
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The Platinum Fashion Mall
As at 31 Mar 2019 (Only Unit and Area) Rental Unit Occupied Area Sq.m. Avg.Rental Q1/2019 Rental Space 1,464 17,438 3,557 GP Sharing 18 1,372 2,641 Storage 299 3,857 1,147 1+3 Yrs. 1,044 14,515 3,933 10 Yrs 737 8,151 1,599 Total 1,781 22,666 3,092 Occupancy 96.8%
Contract Expiration (No. of contracts) Expired in 2019 Expired in 2020 Onward 1-3 Yrs 943 34 10 Yrs 737 Total 943 771
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Business Type The first beachfront community mall in Samui Island with the vintage architecture in the combination of the western and eastern styles targeting to Thai and Foreign tourists.
The Wharf Samui
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511 546 640 645 655 632 626 543
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
Occupancy Rate Rental Rate
The Wharf Samui
Baht per sq.m. per month
- 102 Baht,
- 16% YoY
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 62% 57% 38% 39% 39% 36% 37% 28%
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Business Type New shopping destination in the center of Bangkok gathered with various delicious food and more than 585 shops, 24 containers and 28 mini-shops in the comfortable atmosphere. TOURIST , LOCAL RESIDENT & OFFICR WORKER
The Neon Night Bazaar
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Neon Nigh Bazaar Traffic
- No. of Buses visiting the Neon Night Bazaar
Q1 2019 : 163 bus +58% YoY
- No. of Vans visiting the Neon Night Bazaar
Q1 2019 : 796 van +107% YoY
10 20 30 40 50 60 70 80 90 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Buses
2017 2018 2019
50 100 150 200 250 300 350 400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- No. of Vans
2017 2018 2019
973 1,392 1,667 1,633 1,710 1,618 1,708 1,721 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Occupancy Rate Rental Rate
The Neon Night Bazaar
Baht per sq.m. per month
Appendix
+88 Baht, +5% YoY
2016* 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18** Q1/19 65% 70% 87% 86% 84% 92% 88% 83%
Note : * Phase 1 -opened in Dec 2016 **Phase 2-opened 15 Dec 18 40
1
TENT
STANDARD COMMERCIAL SHELTER SIZE : 2 x 2 M. = 557 UNITS
2
CONTAINER
1 STOREY & MEZZANINE SIZE : 8 x 7.5 M. = 32 UNITS
4
Take Away
SIZE : 2 x 3 M. = 28 UNITS
3
SHOP
FREE FROM STYER SIZE : 6 x 4 M. = 73 UNITS 41
Shop types
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Business Type The new retail shopping mall situated in the heart of Bangkok, with convenient access to ChitLom and Siam BTS stations via the elevated R-
- Walk. The Market Bangkok fill up with new trend with the coolest
shopping mall under the concept BANGKOK NEW DREAM Leasehold land from Crown Property Bureau under 30 year contract and first right for another 30 Years TOURIST , LOCAL RESIDENT & OFFICR WORKER
The Market Bangkok (Retail Phase 1)
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1,492 Q1/19 Occupancy Rate Rental Rate
The Market Bangkok
Baht per sq.m. per month
Appendix
Q1/19 77%
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12,995 14,263 14,855 12,308 11,557 11,879 12,504 13,059 14,258 13,394 11,382 10,693 10,834 11,714 13,111 20,171 17,388 18,128 17,581 19,782 20,997 21,055 20,677 18,831 18,960 17,806 17,222 19,749 22,907 20,050 21,494 17,605 16,597 16,748 18,155 19,032 19,251 19,048
5,000 10,000 15,000 20,000
200 400 600 800 1000 1200 1400
Visitors
Car Motorcycle Tour (Pax) Visitor
The Market Bangkok Traffic
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EXPERIENCED
LOCAL STREET FOOD & TAKEAWAY
URBAN QUICK MEAL EATERY LIFESTYLE CAFE
FASHION & ACCESSORIES FASHION & ACCESSORIES
SPECIALTY STORE
RESTAURANT
M3 M2
RAJDHAMRI ROAD BANGKOK SKYLINE
DECORATIVE ITEMS COSMETIC & SKIN CARE BANK
4F
LOCAL WISDOM SOUVENIR
RETAIL FLOOR CONCEPT
M1
3F 2F 1F GF MF
EXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
EXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
WELLNESS & VITALITY
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TARGET VISITORS
OFFICE WORKERS & STUDENTS RESIDENTS LOCAL THAIS
FOREIGN TOURISTS
A complete
EVERYDAY
shopping & dinning venue in the heart of Bangkok A GATHERING welcoming place for family & friends An enjoyable place with various kinds of food, activities and trendy merchandises at AFFORDABLE price
A MUST VISIT destination whenever visiting Bangkok. This place will offer a
UNIQUE EXPERIENCE like no others
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MERCHANDISING MIX BY CATEGORY
Local Wisdom Souvenir & Specialty, 14% Fashion & Accessories, 30% Food & Beverages, 34% Talad Krungthep, 5% Bank & Financial Institution, 2% Wellness & Vitality, 10% Beauty Mega Store, 5%
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Novotel Bangkok Platinum Pratunam
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Objective To compliment the Platinum Fashion Mall business as it provides the hospitality services to those visiting The Platinum Fashion Mall
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Novotel Bangkok Platinum Pratunam
Occupancy Rate Average Room Rate RevPar
Novotel Bangkok Platinum Pratunam
87% 88% 91% 94% 88% 91% 91% 95%
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
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- 22 Baht,
- 1% YoY
- 50 Baht,
- 1% YoY
2,674 2,890 3,193 3,319 2,875 3,106 3,470 3,297
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
3,078 3,284 3,502 3,522 3,241 3,413 3,792 3,472
2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19
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Distribution Channel Q1/2019 Guest Nationality Q1/2019
Appendix
Online Agent Booking 45% Accor website 14% Contracted Agent 15% Contraced Corporate 3% Business Group 11% Group Tour 4% Others 8% Singapore 26% Malaysia 10% Indonesia 11% China 7% HongKong 4% Philippines 5% Thailand 3% India 4% kuwait 3% USA 3% Other 28%
Novotel Bangkok Platinum Pratunam
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AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
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Industry
- BOT forecasts Thailand GDP growth at 3.8% in year 2019. Tourism industry continue to grow but
at the lower growth rate.
- International Tourism Arrival is expected to grow 7.3% YoY to 41.1 Million in 2019 with revenue
from the arrival of international tourists growth 9%to Baht 2.2 trillion.
- Chinese tourists is expected to rise during the second half of this year but still depends on the
Chinese economy, the Yuan currency and the highly competitive tourism sector in Japan, South Korea and Vietnam.
- According to Electronic Transactions Development Agency (ETDA) , E-commerce market is
expected to increase to 10% of total retail sales within 5 years from 3% in year 2018.
Company
- The Company is striving to attract more traffic to new project “ The Market Bangkok”
Outlook
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Revenue Portfolio
63% 20% 13% 4%
Rental&Service Hotel F&B Others
Year 2018
Revenue : 2,117 MB
Year 2022
Revenue : Approximately 5,000 MB
60% 39% 1%
Rental&Service Hotel F&B/Others
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
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More Plans are coming to attract traffic ….
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AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
58
AGENDA
- Industry Update
- Q4/2018 and Year 2018 Performance Review
- Outlook
- The Market Project Update
- Q&A
- Appendix
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4,375 4,107 9,547 9,822 10,491 11,339 11,707
2013 2014 2015 2016 2017 2018 31-Mar-19
Current Assets Total Liabilities Non Current Assets Equities
81% 51%
39%
64% 36%
30%
59%
86% 53% 83% 14% 86% 14%
41%
47% 17% 49% 15% 85%64% 36% 79% 21% 43% 57% 41% 59% 58% 42% 78% 22%
Consolidated Financial Position
19%
60
Unit :MB
61
0.1575 Baht/Share 0.18 Baht/Share 0.2 Baht/Share 0.2 Baht/Share
441 MB
Dividend Payment
504 MB 560 MB Dividend : PLAT’s payout policy at least 40% of net profit after tax and legal reserves of separate financial statement
70% 72% 72%
2015 2016 2017
% of Net profit
560 MB
72%
2018
Quarter 1/2019 Consolidated Income Statement
UNIT : MB Q1/18
Common Size
Q1/19
Common Size % Change
Revenue from rental and services 329 62% 407 67% +24% Revenues from hotel operations 110 21% 111 19% +1% Revenues from F&B 64 12% 62 10%
- 3%
Other income 28 5% 24 4%
- 14%
TOTAL REVENUES 531 100% 604 100% +14% Cost of rental and services 82 15% 151 25% +84% Cost of hotel operation 48 9% 52 9% +8% Cost of F&B sales 50 9% 47 8%
- 6%
SG&A 93 17% 101 17% +9% TOTAL EXPENSES 273 51% 351 58% +29% OPERATIONAL PROFIT 258 49% 253 42%
- 2%
Income tax expenses 55 10% 52 9%
- 5%
NET PROFIT 203 38% 201 33%
- 1%
EPS (Baht/share) 0.07 0.07
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Consolidated Financial Position
UNIT : MB Year 2017 31 Dec 2018 31 Mar 2019 Cash & Cash equivalents &Current Investment 5,472 4,648 4,517 Trade and Other receivables 43 47 138 Other Current Assets 75 171 237 Total Current Assets 5,590 4,866 4,892 Investment Properties 3,418 4,957 5,294 Property, Plant and equipment 1,171 1,170 1,179 Intangible Assets 252 231 226 Other non-current Assets 60 114 115 Total Non-current Assets 4,901 6,472 6,814 TOTAL ASSETS 10,491 11,339 11,707
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Consolidated Financial Position
UNIT : MB Year 2017 31 Dec 2018 31 Mar 2019 Trade and other payables 431 732 808 Current portion of unearned rental income 165 168 167 Short-term deposits of rental income 204 224 235 Other current liabilities 129 185 247 Total current liabilities 929 1,309 1,457 Unearned rental income, net of current portion 395 234 195 Other non-current liabilities 432 834 892 Total non-current liabilities 827 1,068 1,087 TOTAL LIABILITIES 1,756 2,377 2,544 TOTAL SHAREHOLDERS’EQUITY 8,735 8,961 9,162 TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY 10,491 11,339 11,707
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