INFO MEETING 3Q17. Attapol Sariddipuntawat Chief Corporate Officer

Transcription

1 INFO MEETING 3Q17 20 NOVEMBER 2017 Attapol Sariddipuntawat Chief Corporate Officer

2 BUSINESS REVIEW 3Q17 & 9M17

3 KEY HIGHLIGHTS 9M17 Presale Beat target 9M17 = 10,968 MB, +48% YoY 3Q17 = 3,475 MB, +55% YoY, -15% QoQ 3Q17 Revenue from Sale boost up by Low-rise (82%) 3Q17 = 3,003 MB, +7% YoY, +14% QoQ 9M17 = 7,190 MB, -34% YoY Success 4 New launched in 3Q17 (68% Low-rise / 32% High-rise ) Backlog as of 30 September 2017 ~9,800 MB 30% will recognized in 4Q17 3

4 OPERATING REVENUE 3Q17 = 3,221 MB (+7% YoY, +13% QoQ) 9M17 = 7,824 MB (-32% YoY) (Unit : MB) Revenue from Sales 5,142 Revenue from Rental & Services 11,463-32% YoY 3,323 2,999 2,970 2,858 3,221 7,824 3,135 4,949 2,809 2,785 1,745 1,547 2,640 3,003 10,893 7,190 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 9M16 9M17 4

5 GROSS PROFIT MARGIN BREAKDOWN BY BUSINESS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Gross Profit Margin 3Q17 = 35.7% 9M17 = 36.6% 38.0% 66.2% 36.4% 35.7% 62.5% 34.0% 64.4% 64.1% 36.3% 35.4% 33.8% 31.9% GP- Property for Sales 3Q17 = 33.8% 9M17 = 34.2% 39.5% 67.1% 35.9% 35.7% 62.1% 61.9% 36.0% 33.8% 33.8% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 GP-Property for Rent & Services 3Q17 = 61.9% 9M17 = 63.6% 100% 40% 90% 35% 80% 70% 30% 60% 50% 25% 40% 20% 30% 20% 15% 10% 10% 36.7% 36.6% 64.3% 35.3% 34.2% 9M % 9M17 40% 35% 30% 25% 20% 15% 10% GP-Property for Sale GP-Property for Rent & Services Gross Profit Margin 5

6 SG&A 3Q17 & 9M17 SG&A (% of Operating Rev.) SG&A (% of Presales) 24.3% 28.8% 28.2% 24.3% 34.1% 23.8% 20.9% 19.3% 14.3% 21.1% 17.3% 17.4% 16.7% 19.4% 27.0% 17.5% 24.9% 17.8% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 9M16 9M17 Marketing Expenses Specific Business Tax & Transfer Fee Admin Expenses Unit : % to Operating Revenue 19.2% 9.9% 10.5% 12.5% 12.2% 3.4% 10.7% 13.2% 6.7% 8.6% 3.1% 6.2% 3.4% 3.6% 3.6% 3.6% 4.2% 6.9% 8.2% 11.4% 3.6% 3.4% 3.5% 7.9% 6.6% 5.5% 8.2% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 9M16 9M17 SG&A(MB) ,009 1,947 Operating Rev. 3,323 5,142 2,999 2,970 1,745 2,858 3,221 11,463 7,824 Staff

7 NET PROFIT (MB) AND NET PROFIT MARGIN 890 3Q17 = 363 MB (+5% YoY, +37% QoQ) 9M17 = 703 MB (-59% YoY) 1,705-59% YoY Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 9M16 9M17 Net Profit Margin (%Total Revenue) 3Q17 = 11.3% / 9M17 = 9.0% 14.1% 17.3% 11.5% 8.7% 4.3% 9.2% 11.3% 14.8% 9.0% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 9M16 9M17 7

8 FINANCIAL POSITION AS OF 30 SEPTEMBER Sep Dec-2016 Change (MB) (MB) (MB) % YoY Total Asset 38,328 33,487 4,842 14% Total Liabilities 23,972 19,046 4,927 26% Total Equity 14,356 14,441 (85) -1% ROA (%) 2.75% 6.11% ROE (%) 6.77% 14.23% D/E (Time) EPS Book Value Interest Bearing Debt / Total Equity (Time) Debt / Equity Ratio (Time) Net Profit /Avg.Total Asset Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 8

9 NEW LAUNCHED IN 3Q17 SDH 4-6 MB SDH 5-12 MB SDH > 20 MB HOME OFFICE Unofficial launch Unofficial launch 308 Units 1,500 MB Start 4 MB up % Unit Sold : 25% (76 Units / 386 MB) 132 Units 1,000 MB Start 5 MB up % Unit Sold : 19% (25 Units / 238 MB) 13 Units 500 MB Start MB % Unit Sold : 38% (5 Units / 191 MB) 26 Units 260 MB Start 10 MB up % Unit Sold : 96% (25 Units / 247 MB) Data as of 30 Sep 17 9

10 PRESALES 3Q17 : 3,475 MB +55% YoY, -15% QoQ High-rise Low-rise Total Presales 2,245 17% 3,420 45% 83% 55% 55% YoY 4,073 3,475 36% 15% 64% 85% 3Q16 1Q17 2Q17 3Q17 High-rise +36% YoY, -65% QoQ Low-rise +59% YoY, +14% QoQ 10

11 PRESALES 9M17 : 10,968 MB +48% YoY 48% 10,968 7,435 32% High-rise +114% YoY High-rise 22% Low-rise Total Presales 78% 68% Low-rise +29% YoY 9M16 9M17 11

12 REVENUE FROM SALES 3Q17 : 3,003 MB +7% YoY, +14% QoQ High-rise Low-rise Total Sale Revenues 2,809 28% 72% 1,547 26% 74% 2,640 28% 72% 7% YoY 3,003 18% 82% 3Q16 1Q17 2Q17 3Q17 High-rise -33% YoY, -28% QoQ Low-rise +23% YoY, +30% QoQ 12

13 REVENUE FROM SALES 9M17 : 7,190 MB -34% YoY High-rise Low-rise 10,893 58% 7,190 27% 42% 73% Total Sales Revenue Low-rise +2% YoY 34% High-rise -70% YoY 9M16 1. Started Transfer CT-AS, CT-RH 2. Stimulus package end at 28 April M17 13

14 EXISTING PROJECTS AS OF 30 SEPTEMBER 2017 Product Type No. of Project Remaining Value (MB) Proportion SDH 25 20,900 63% TH % CONDO 10 11,560 36% TOTAL 37 32, % Breakdown by Location: BMA Area = 94% (34 Projects), Resort Town 6% (3 Projects) BREAK DOWN (Low-rise 64% : High-rise 36%) Low-rise 27 Projects / Value 20,960 MB High-rise 10 Projects / Value 11,560 MB < 5 MB (PAVE, VISTA) : 4 Projects 5-20 MB (LBB, VN, BB, WP) : 13 Projects > 20 MB (GBB, GT, HQ, GDP) : 10 Projects 64% 12% 24% 85% 8% 7% < 120K (Chambers) : 2 Projects K (The Crest, Centric) : 5 Projects > 250K (SLD-1, BQ, 28-CL) : 3 Projects 14

15 BACKLOG AS OF 30 SEPTEMBER 2017 : 9,803 MB 2019 onwards Total 9,803 MB (LR 25% : HR 75%) 40% 30% 30% 28-Chidlom Backlog as of 30 Sep 2017 SLD-1, BEATNIQ PAVE-RW = 44MB Low-rise = 2,403 MB CB-CH, CB-CR, SANTO CT-PAT, CT-RH, CT-AS CONDO : Secured Revenue onwards 11 On-going Condos Total Unit *28 Chidlom (75% Unit Sold of available unit) Projects Value (MB) Transfer Period % Unit The Crest Santora Hua Hin 181 1,530 Strart May % Centric Tiwanon Station 1,080 2,755 Start Jun % Centric Sathorn St.Louis 367 1,840 Start Jun % Centric Sea Pattaya 1,001 3,300 Start Sep % Centric Ratchada - Huai Khwang 677 2,900 Start Dec % Centric Ari Station 521 2,781 Start Mar % Chambers Chann Start Apr % Chambers Cher Start Q % Saladaeng One 187 4,700 Start Q % BEATNIQ 197 4,000 Start Q % 28 Chidlom 427 8,000 Start Q % % Unit Sold = 83% % Value Transfer = 44% Sold 15

16 REVENUE FROM RENTAL & SERVICES (Unit: MB) 3Q17 : 218 MB : +15%YoY & +0.1% QoQ 9M17 : 634 MB : +11% YoY Breakdown Revenue from Rental & Services Office Building for Rent Land & Technical Buildings for Rent Revenue from Rental and Services Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 9M16 9M17 SC : Shinawatra Tower 1,2,3 SC Tower & Lotus Petchakasem 81, The Junction, Computer Center Chaengwattana OA : Office Building Phaholyothin Soi 9 UL : Land & Technical Building total 109 Sites 16

17 OFFICE BUILDING : OCCUPANCY RATE Office Building comprised the total rentable area of 119,395 sq.m with overall occupancy 93% Occupancy rate for ST1 = 99%, ST2 = 100%, SC TOWER = 100% Occupancy rate for ST3 as of 30 September 2017 = 84% 3Q17 Net Move out : 650 Sq.m Occupancy Rate of ST3 87.1% 84.3% 84.3% 81.9% 82.9% 85.3% 84.1% Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 17

18 OUTLOOK 4Q 2017

19 4Q17 SC OUTLOOK Registered Capital : 37.5 MB (SC 20%) Business : New Economy Consultant CEO : Khun Chakhrit Chanroongsakul 19

20 PROPERTY DEVELOPMENT FOR SALES in 4Q

21 42 PROJECTS: BREAKDOWN BY PRODUCT AND PRICE SEGMENT 21

22 15 NEW PROJECTS LAUNCHED IN 2017 NEW 2017 No. Product Type Project Launch Unit Value (MB) 1Q17 2Q17 3Q17 4Q17 1 SDH The Gentry Sukhumvit Feb ,300 2 SDH Headquarters Ekamai - Ladprao Feb CONDO Chambers Cher Ratchada - Ramintra Feb CONDO 28 Chidlom Feb ,000 5 SDH Grand Bangkok Boulevard Srinakarin May ,400 6 SDH Venue Rama 5-2 May SDH PAVE Ramintra - Wongwan Sep ,500 8 SDH Bangkok Boulevard Rangsit Sep ,000 9 HOME OFFICE WORK PLACE Chaengwatthana Aug SDH The Gentry Rama 9 Jul SDH Bangkok Boulevard Signature Ratchaphruk Nov SDH Bangkok Boulevard Signature Sathorn - Ratchaphruk Nov , SDH Bangkok Boulevard Chaengwatthana Nov , SDH Bangkok Boulevard Sathorn - Pinklo 2 Nov , TH VERVE Petchkasem 81 Oct TOTAL 2,219 25,650 22

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