Analyst Meeting 01-09-2016 - synteccon.com€¦ · ANALYST MEETING. Agenda 2 1H2016 Performance Summary 1H2016 Backlog 2H2016 Outlook Appendix. 3 Agenda 1H2016 Performance Summary

ANALYST MEETING

1 SEPTEMBER 2016

ANALYST MEETING

1 SEPTEMBER 2016

Agenda2

Agenda

1H2016 Performance Summary

1H2016 Backlog

2H2016 Outlook

Appendix

3

AgendaAgenda

1H2016 Performance Summary

Total Revenue (MB )

4

Total Revenue (MB.)•Consolidated 1H2015 vs. 1H2016 up 3.34% (3,591 vs. 3,711)

4 000

• Company 1H2015 vs. 1H2016 up 1.25% (3,587 vs. 3,632)

162 204 4 79

3,000

4,000 Consolidated Syntec-Other Syntec-Construction

3,425 3,428 23 41 80 65 47

115 37

97 135 69 6 9

13 16 62 2,000

1,307 1,420 1,731 1,718 1,643 1,550

1,822 1,873 1,825 1,600 1,688 1,938 1,675 1,753

2 3 41 33 33

1,000

-7 -5 -5 -3 -3 -2

-1,000

-

Total Revenue1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 1H2015 1H2016

1,310 1,423 1,753 1,753 1,671 1,578 1,899 1,935 1,871 1,721 1,734 2,048 1,827 1,884 3,591 3,711 ,000

Gross Profit and Gross Profit Margin5

Gross Profit (MB.) • Consolidated 1H15 vs 1H16 up 41 05% (458 vs 646)

Gross Profit Margin (%)• Consolidated 1H15 vs 1H16 up 5 40% (13 4 vs 18 8)• Consolidated 1H15 vs. 1H16 up 41.05% (458 vs. 646)

• Company 1H15 vs. 1H16 up 38.22% (452 vs. 620)

G P fit G P fit M i

• Consolidated 1H15 vs. 1H16 up 5.40% (13.4 vs. 18.8)• Company 1H15 vs. 1H16 up 4.90% (13.2 vs. 18.1)

646

620

600

700

Gross Profit 18.7

19.0 18.818.0 18.2 18.1

18

20Gross Profit Margin

458 452

400

500

600

10 9 11.0

12.9 13.213.1

13.6

15.3

12.0

13.4

12.4 13.113.3

15.1

12.013.2

12

14

16

200

241 240218

258

233

313333

239 238214

256 233

301318

300

400

5 7

7.8 8.0

10.9

9.9

5 7

7.3

10.710.2

10.5

6

8

10

75

111138

187 181200

186

104

183167

192 197214

100

2005.75.7

2

4

6

0

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

1H15

1H16

0

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

1H15

1H16

Net Profit and Net Profit Margin6

Net Profit and Net Profit Margin

Net Profit (MB.) • Consolidated 1H15 vs. 1H16 up 113.57% (199 vs. 425)• Company 1H15 vs. 1H16 up 99.09% (219 vs. 436)

Net Profit Margin (%)• Consolidated 1H15 vs. 1H16 up 6.6% (5.8 vs. 12.4)• Company 1H15 vs. 1H16 up 6.3% (6.4 vs. 12.7)

425436

500 Net Profit 16

Net Profit Margin

425

300

400 13.9

11.6

14.9

11.1

12.4

14.2

11.6

14.9

11.712.7

12

14

16

119 128

234224

250

195 199

122

240

206219

200

300

4.9 4.7 4.8

6.5 6.8

5.2

6.55.8

5.0 5.06.2

6.55.8

7.0 6.4

6

8

10

29

8676 74

11994 105

21

86 77 78

112 122106 112

0

1002.0

1.5

0

2

4

-10-24

-9-24

-100

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

1H15

1H16 -0.7 -1.4

-4

-2 1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

1H15

1H16

EBIT / I and Debt to Equity7

EBIT / I and Debt to Equity

•EBIT / Interest • Consolidated 1H15 vs. 1H16 up 47.01% (13.4 vs. 19.7)• Company 1H15 vs. 1H16 up 204.2% (14.3 vs. 43.5)

Debt to Equity• Consolidated 2Q 15 vs.2Q16 up 0.20% (0.83 vs. 1.03)• Company 2Q15 vs. 2Q16 down 0.10% (0.80 vs. 0.70)

Debt to Equity EBIT / Interest Expenses

43 5 43 5 43 545

501 11 2

32.430.6

43.5 43.5 43.5

35

40

45

0.9

1.0 1.0

1.1 1.11.1 1.1

1.0 1.0

1.00.9 0.9 0.8

1.01.1 1.1

1.0 1.01.0

0.90.9

0 80.8

0 8

1.0

1.2

15.9

22.019.7

16.216 1

20

25

30 0.70.8

0.7

0.6

0.8

4.27.6 7.1

9.011.8

13.0 13.812.7 13.013.4

3.5

7.68.8

2.2

14.2 14.516.1 14.3

5

10

15

0.2

0.4

-0.8 -1.3-1.3-5

0

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

1H15

1H16

0.0

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

Agenda8

Agenda

1H2016 Backlog1H2016 Backlog

Backlog on hand (MB )9

Backlog on hand (MB.)

As of 30 Aug 2016 there are 38 projects on hand, valued 21,307 MB., Total Area 1,439,535 Sq.m.As of 30 Aug 2016 there are 38 projects on hand, valued 21,307 MB., Total Area 1,439,535 Sq.m. Backlog 13,384 MB. These projects will generate revenue till 2019.

3814000

16000

Project Project on Hand as of 30 Aug. 2016

Type of Project Exc. Vat (MB.)

31 Residential Projects 17,450

2 C i l P j 92010,58410,454

13,384

24

29 32 3610000

12000 Backlog (MB)

2 Commercial Projects 920

1 Hotel Project 560

2 Leisure Projects 1,1246,504

6,2285 430

5,7556,657

8,35210,01310,584

27 28 31 2929

24

6000

8000

1 Industrial Project 448

1 Institution Project 805

Total 21 307

5,430

0

2000

4000

Total 21,30702007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Progress of Current Projects as of 30 June 2016

10

Progress of Current Projects as of 30 June 2016Listed Company and Related

No. Project TitleProject Value

(Exclude VAT 7%) (MB.)

Area(sqm.) % Detail of Project

1 SUPALAI VISTA SRIRACHA-LAEMCHABANG PORT INTERSECTION 224 31,187 71.35 30 storey with rooftops of condominium

2 SUPALAI MARE PATTAYA 486 73,665 91.15 36 storey of condominium, 3 storey of club house and 6 storey of car park building

3 SUPALAI VERANDA RATCHAVIPHA-PRACHACHUEN 680 104,792 66.21 3 buildings of 30 storey with rooftops of

condominiums

4 SUPALAI CITY RESORT RAYONG 210 26,903 86.10 1 Building of 23 storey Condominium

5 SUPALAI CITY RESORT BEARING STATION SUKHUMVIT 105 133 18,930 70.19 2 building of 8 storey condominium

6 SUPALAI LOFT CHAENGWATTHANA 216 32,193 33.94 1 building of 27 storey condominium

7 SUPALAI ELITE PHAYATHAI 241 26 800 22 99 1 building of 31 storey Condominium7 SUPALAI ELITE PHAYATHAI 241 26,800 22.99 1 building of 31 storey Condominium

8 SUPALAI WELLINGTON2 646 73,666 27.53 7 building 14 storey of condominiums with 4 storey of car park building

9 SUPALAI LITE RATCHADA-NARATHIVAS-SATHORN 328 47,882 0.00 1 building of 27 storey with rooftops of

condominiumNARATHIVAS-SATHORN condominium

10 RHYTHM SUKHUMVIT 36-38 560 31,204 78.42 29 storey of condominium

11






11 RHYTHM ASOKE 365 22,018 92.20 37 storey with single basement level of condominium

12 LIFE ASOKE 1,798 100,692 2.03 1 building of 35 storey condominium

13 LIFE PINKLAO 801 46,240 1.98 1 building of 23 storey condominium

14 NOBLE REVOLVE RATCHADA 1,343 71,732 15.77 2 building of 38, 42 storey condominium

15 NOBLE RECOLE 736 26 934 5 32 1 building of 30 Storey of condominiums with 5 15 NOBLE RECOLE 736 26,934 5.32 basement

16 CHAPTER ONE MIDTOWN LADPRAO 24 512 29,841 29.24 1 building of 36 storey condominium and 7 storey

of car park

17 CHAPTER ONE ECO RATCHADA-HUAYKWANG 30 1,862 0.00 1 building of 2 storey of sale officeHUAYKWANG

18 MARQUE SUKHUMVIT 39 900 41,506 83.22 50 storey of condominium

19 THE BANGKOK SATHORN 1,165 72,679 65.90 50 storey of condominium

20 333 RIVERSIDE 1,523 99,854 74.09 42, 41 and 4 storey of condominiums

12





Area(sqm.)

% Detail of Project

21 FARMHOUSE FACTORY BANGCHAN INDUSTRIAL ESTATE 448 21,908 91.32 Factory of farmhouse

22 SHINAWATRA TOWER 4 290 25,087 54.22 24 storey with single basement of office building

AIS CONTACT CENTER23

AIS CONTACT CENTER DEVELOPMENT AND TRAINING ARENA NAKHON RATCHASIMA

571 18,500 1.75 2 building of 6 storey of training center

24 THE ESSE ASOKE 969 53,235 0.00 1 building of 54 storey of condominium with 2 basement

25 THE POLITAN RIVE (PHASE 2) 474 36,612 0.00 4 buildings of 8 storey of condominium and 6 storey of car park

26 THE POLITAN RIVE (PHASE 4) 48 2,380 0.00 3 storey of sale office building and sample room

1-6 storey shopping mall 7-25 storey of27 TERMINAL 21 PATTAYA 1,383 155,140 0.00 1 6 storey shopping mall, 7 25 storey of condominium with 1 basement

13

Progress of Current Projects as of 30 June 2016Non Listed Company





28 D’MEMORIA PHAHOLYOTHIN 8 212 8,780 89.67 1 building of 8 storey condominium

29 THE PRESIDENT SATHORN-RATCHAPHRUEK PHASE 2 491 48,703 88.59 1 building of 30 storey condominium

30 THE PRESIDENT SATHORN-RATCHAPHRUEK PHASE 3 453 43,648 15.73 1 building of 34 storey condominium

31 THE STAGE TAOPOON INTERCHANGE 493 47,126 20.85 1 building of 36 storey condominium

32 LAVIQ SUKHUMVIT 57 8 1,862 0.00 Sales office building

33 HOLIDAY INN & SUITESS RAYONG CITY CENTRE 491 35,529 61.62 31 storey with single basement of condominium

34 GRAND CENTRE POINT THONGLOR 634 41,850 80.40 1 building of 24 storey Hotel

35 HOTEL NIKKO BANGKOK 560 49,336 5.24 1 building 20 storey of condominiums with 4 basement

36 SWAN LAKE KHAOYAI 229 9 100 0 00 3 buildings of 5 storey of condominium36 SWAN LAKE KHAOYAI 229 9,100 0.00 3 buildings of 5 storey of condominium

37 U CONDO KASET-NAWAMIN 23 795 0.00 Sale Office Building

14


INSTITUTION


INSTITUTION




38 CHAMCHURI PARK 805 9,700 0.02 Multi Purpose Building and Landscape

2 SUPALAI MARE PATTAYA

15List of Current Projects as of 31 May 2016

4 SUPALAI CITY

PATTAYA

1. SUPALAI VISTA SRIRACHA-LAEMCHABANG PORT 3 SUPALAI VERANDA

5.SUPALAI CITY RESORT BEARING STATION SUKHUMVIT 105

6.SUPALAI LOFT CHAENGWHATTHANA 7.SUPALAI ELITE

PHAYATHAI

8. SUPALAI WELLINGTON2

4.SUPALAI CITY RESORT RAYONG

PORT INTERSECTION

3.SUPALAI VERANDA RATCHAVIPHA-PRACHACHUEN

PHAYATHAI

15. NOBLE RECOLE9 SUPALAI LITE RATCHADA-NARATHIVAS-

11.RHYTHM ASOKE10.RHYTHM SUKHUMVIT 36-38

14.NOBLE REVOLVE RATCHADA

12. LIFE ASOKE13. LIFE PINKLAO

16. CHAPTER ONE MIDTOWN LADPRAO 24

17. CHAPTER ONE ECO RATCHADA-HUAYKWANG

SATHORN

21 FARMHOUSE23. AIS CONTACT 24.THE ESSE ASOKE

25.THE POLITAN RIVE 2

18. MARQUE SUKHUMVIT 39

19.THE BANGKOK SATHORN

20.333 RIVERSIDE

21.FARMHOUSE FACTORY BANGCHAN INDUSTRIAL ESTATE 22.SHINAWATRA

TOWER 4

CENTER DEVELOPMENT AND TRAINING ARENA NAKHON RATCHASIMA 26.THE POLITAN RIVE 4

(SALE OFFICE)

36.SWAN LAKE KHAOYAI29. THE PRESIDENT

SATHORN-RATCHAPHRUEK 33 HOLIDAY 34 GRAND CENTRE

31. TE STAGE TAOPOON INTERCHANGE27.TERMINAL 21

35.NIKKO HOTEL BANGKOK

32.LAVIQ SUKHUMVIT57

RATCHAPHRUEK PHASE 2

28.D’MEMORIA PHAHOLYOTHIN 8

33.HOLIDAY INN & SUITESS RAYONG CITY CENTRE

34.GRAND CENTRE POINT THONGLOR

30.THE PRESIDENT SATHORN-RATCHAPHRUEK PHASE 3 38..CHAMCHURI PARK

37.U CONDO KASET-NAWAMIN

New Project 1 Jan. - Aug. 2016No. Project Detail Owner Value (MB.)

(E V t)No. of R

16

(Exc. Vat) Room

1 HOTEL NIKKO, BANGKOK 1 Building 20 Storey of Condominiums with 4 basement, Total Area 49,336 Sq.m

ASPIRE ENTERPRISE CO.,LTD.

599

2 NOBLE RECOLE 1 Building 30 Storey of Condominium with 5 basement, NOBLE DEVELOPMENT 687 288Total Area 26,934 Sq.m. PCL.

3 AIS CONTACT CENTER DEVELOPMENT AND TRAINING ARENA

2 Building of 6 storey, Total Area 18,500 Sq.m. FACTLIFE CO., LTD. 570 -

4 CHAMCHURI PARK Multi Purpose Building and Landscape, Total building PROPERTY 862Area 9,700 Sq.m. and garden 29 rai MANAGEMENT OFFICE

CHULALONGKORN UNIVERSITY

5 CHAPTER ONE ECO RATCHADA-HUAI KHWANG

1 Building of 2 Storey of Sale Office, Total Area 1,862 Sq.m.

PRUKSA REAL ESTATE PCL.

30 -

6 SUPALAI LITE RATCHADA-NARATHIVAS-SATHORN

1 Building 27 Storey of Condominiums ,Total Area 47,882 Sq.m

SUPALAI PCL. 325 566

7 THE ESSE ASOKE 1 building of 54 storey of condominium with 2 basement SINGHA ESTATE PCL. 969 419

8 LAVIQ SUKHUMVIT 57 1 Building of Sale Office REAL ASSET 9 -8 LAVIQ SUKHUMVIT 57 1 Building of Sale Office REAL ASSET DEVELOPMENT CO., LTD.

9

9 THE POLITAN RIVE (PHASE 4) 1 Building of 3 Storey of Sale Office BANGKOK RIVA DEVELOPMENT CO., LTD.

48 -

10 THE POLITAN RIVE (PHASE 2) 4 Buildings 8 Storey of Condominium and 6 storey car park building Total Area 36 612 Sq m

EVERLAND PCL. 474 587park building, Total Area 36,612 Sq.m.

11 SWAN LAKE KHAO YAI 3 Buildings 5 Storey of Condominium, Total Area 9,100 Sq.m.

ELYSIAN DEVELOPMENT CO., LTD.

229 59

12 TERMINAL 21 PATTAYA 1-6 storey shopping mall, 7-25 storey of condominium with 1 basement

LH MALL AND HOTEL CO., LTD

1,382 -

13 U CONDO KASET-NAWAMIN Sale Office GRAND UTILITY DEVELOPMENT CO.,LTD.

23 -

TOTAL 13 PROJECTS 6,207

The construction project signed 1Q201617


AIS CONTACT CENTER DEVELOPMENT AND TRAINING ARENA

2 Building of 6 storey, Total Area 18,500 Sq.m.

NOBLE RECOLE

1 Building 30 Storey of Condominium with 5 basement, Total Area 26,934 Sq.m.

HOTEL NIKKO, BANGKOK

1 Building 20 Storey of Condominiums with 4 basement, Total Area 49,336 Sq.m.



CHAPTER ONE ECO RATCHADA-HUAI KHWANGCHAMCHURI PARK

Multi Purpose Building and Landscape, Total building Area 9,700 Sq.m. and garden 29 rai

1 Building of 2 Storey (Sale Office), Total Area 1,862 Sq.m.

SUPALAI LITE RATCHADA-NARATHIVAS-SATHORN

1 Building 27 Storey of Condominiums Total Area 47 882 Sq m

LAVIQ SUKHUMVIT 57THE POLITAN RIVE (PHASE 4),Total Area 47,882 Sq.m1 Building of Sale Office THE POLITAN RIVE (PHASE 4)

1 Building of 3 Storey of Sale Office



THE POLITAN RIVE (PHASE 2)

4 Buildings 8 Storey of Condominium and 6 storey of

THE ESSE ASOKE

1 Building 54 Storey of Condominiums with 4 Buildings 8 Storey of Condominium and 6 storey of car park building, Total Area 36,612 Sq.m. 2 basement, Total Area 53,235 Sq.m.

U CONDO KASET-NAWAMINU CONDO KASET NAWAMIN SALE OFFICE

SWAN LAKE KHAO YAI

3 Buildings 5 Storey of Condominium , TERMINAL 21 PATTAYA

Total Area 9,100 Sq.m. TERMINAL 21 PATTAYA

1-7 storey shopping mall, 7- 25 storey of condominium with 1

basement Total area 155,140 Sq.m.

Service Apartment20

PROJECT UNITNATURAL VILLE

BANGKOK

CITADINES

SRIRACHA

SOMERSET

SRIRACHA

THE ZONE

PRACHINBURI

8 THONGLOR RETAIL

(stable after renovation)

8 THONGLOR HOTEL

(stable after renovation)

Owned By Syntec 100% 52% 52% 52% 60% 60%

Operation date Oct-13 Mar-15 Oct-18 Jan-18 Apr-16 Apr-16

Type Leasehold 19 Yrs Freehold Freehold Freehold Freehold Freehold

Land MB 0.0 67.0 97.0 96.5 0.0 0.0

Construction MB 40.0 260.0 525.0 415.0 0.0 0.0

Lease Cost MB 400.0 - - - - -

Total Investment MB 440.0 327.0 622.0 511.5 728.0 1,767.0

No. of Room Key 166 137 188 306 43 148

Gross Area sqm 20,793 9,492 19,422 20,578 7,834 15,791

Salable area sqm 11,118 6,271 9,782 13,194 6,000 11,625

Room Revenue/yr. MB 110.50 69.10 120.00 125.00 97.75 166.50

Other Revenue/yr. MB 10.50 4.70 8.00 3.50 24.15 9.20

Total Revenue/yr. MB 121.00 73.80 128.00 128.50 121.90 175.70

EBITDA MB 38.50 40.00 60.30 55.00 76.8 80.8

Gross Profit Margin (%) 31.8% 54.2% 47.1% 42.8% 63.0% 46.0%

Initital Yield on investment

(%) 8.7% 12.0% 9.7% 10.7% 10.5% 4.6%

Blended yield(%) 8.7% 12.0% 9.7% 10.7% 6.3%

Interest Expenses MB 10.0 9.50 16.80 13.80 17.4 42.3

EBTDA MB 28.5 30.50 43.50 41.20 59.38 38.56

Net Yield (%) 6.5% 9.3% 7.0% 8.1% 8.2% 2.2%

Service Apartment : Performance

Property name OCC Rate ADR p y

Natural Ville Langsuan 84.39% 2,126.40

Citadines Grand Central Sriracha 84.00% 1,419.00

Eight Thonglor Service Apartment 92.41% 2,862.79

Eight Thonglor Retail 97.34% 1,200 bht / sqm./month

Agenda22

Agenda

2H2016 Outlook

Outlook – Under Tender as of 31 Aug. 201623

No. Project Detail Owner Value (MB.)

1 MI3 Hotel Bangkok 24 storey of hotel The Erawan Group PCL. 300

2 Supalai Elite Sipraya 36 storey of condominium and 7 storey of club house

Supalai PCL. 250

3 Supalai Riva Grand 3 building 36, 36, 37 storey of condominium

Supalai PCL. 500

4 Supalai Elite Surawong 2 building 36, 37 storey of condominium

Supalai PCL. 300condominium

5 Supalai City Resort Chonburi 25 storey of condominium Supalai PCL. 300

6 Urbano Ratchvitee 25 storey of condominium Pruksa Real Estate PCL. 470

7 Chapter One Eco Ratchada 6 building of 23 storey and 2 building Pruksa Real Estate PCL 1 0007 Chapter One Eco Ratchada-Huaykwang

6 building of 23 storey and 2 building of 28 storey of condominium

Pruksa Real Estate PCL. 1,000

8 28 Chidlom Condo 2 building 48 storey with 1 basement and 20 storey with 6 basement of

SC Asset Corporation PCL. 1,100and 20 storey with 6 basement of condominium

9 Noble B33 31 storey and 5 basement of condominium

Continental City Co.,Ltd. 400

10 J i Th l R id 28 t f h t l Ali R lt C Ltd 65010 Jasmine Thonglor Residence 28 storey of hotel Aliance Realty Co.,Ltd. (Jusmine Group)

650

Outlook – Under Tender as of 31 Aug. 201624

No. Project Detail Owner Value (MB.)

11 The Politan Rive (Phase 4) 59 storey of condominium Bangkok Riva Development 2,200Co.,Ltd.

12 The Loft Asoke Condominium 37 storey and 1 basement of condominium

Raimon Land Unixx Co.,Ltd. 700

13 Shrewbury International School 3 building, 3, 3, 2 storey of school City Realty Co.,Ltd. 350

14 Cape Pattaya 15 storey and 1 basement of hotel Kasemkij Co.,Ltd. 600

15 Kraam Sukhumvit 26 29 storey of condominium and 2 N Y E Aree Co Ltd 75015 Kraam Sukhumvit 26 29 storey of condominium and 2 basement

N Y E Aree Co.,Ltd. 750

16 Infinity One Condominium 35 storey of condominium Pan Plus Property Co.,Ltd. 420

17 Na Vara Residence 8 storey and 2 basement of Condominium

Warang Asset Co.,Ltd. 200

18 The Metropolis SmrongInterchange

2 building of 39, 7 storey of condominium with 5 storey of carpark

Metropolis Property Co.,Ltd. 2,500Interchange condominium with 5 storey of carpark

19 Target Place 34 storey of condominium Target Place Co., Ltd. 800

20 Sky Ploenchit 39 storey and 3 basement of C d i i

Sinsahakol Co., Ltd. 700Condominium

Total 16,090

Outlook Total Revenues 2016

25

Outlook – Total Revenues 2016

8,000

7 6506,000

3 987

5,185

6,189

5,0034 723 5,000

6,2397,083 7,374 7,650

2,000

4,0002,811 2,831

3,987 4,723 ,

3,711 = 48.5%

0

,

520

05

2006

2007

2008

2009

2010

2011

2012

2013

2014

015

162 20 20

Agenda26

Agenda

Appendix

Syntec Construction Public Company Limited and its SubsidiariesStatements of financial positionAs at 30 June 2016

Consolidated Separatefinancial statements financial statements

Assets Note 30 June 31 December 30 June 31 December 2016 2015 2016 2015

(Unaudited) (Unaudited)(in thousand Baht)( )

Current assetsCash and cash equivalents 334,108 644,324 280,021 615,412

Current investments 6 1,459,588 917,951 1,409,569 917,951

Trade accounts receivable 7 692,314 1,001,535 684,112 999,474

Other receivables 5, 8 57,057 41,157 65,938 61,236 Other receivables 5, 8 57,057 41,157 65,938 61,236

Retention receivable under constructioncontracts 9 497,815 508,243 497,815 508,243

Unbilled construction in progress 10 304,128 476,380 304,128 476,380

Current portion of Long-term loans 5, 14 - - 85,000 -

Inventories 148,559 138,775 148,559 138,775

Advance payments to subcontractors 27,381 96,017 27,381 96,017

Total current assets 3,520,950 3,824,382 3,502,523 3,813,488

Non-current assetsNon current assetsInvestment in subsidiaries 11 - - 810,000 211,149

Investments in associates 12 294 316 - -

Other long-term investments 5, 13 514,924 393,282 514,924 393,282

Long-term loans 5, 14 - - - 85,000

I t t ti 15 100 456 100 509 100 456 100 509 Investment properties 15 100,456 100,509 100,456 100,509

Property, plant and equipment 16 4,009,251 1,549,948 906,098 919,472

Leasehold right 17 340,308 350,373 340,308 350,373

Intangible assets 16,18 12,703 4,812 5,063 4,805

Withholding tax 213,372 209,206 209,238 206,093 gPledged deposit at bank 185,142 237,106 165,141 237,106

Other non-current assets 44,148 51,900 43,495 51,260

Total non-current assets 5,420,598 2,897,452 3,094,723 2,559,049

Total Assets 8,941,548 6,721,834 6,597,246 6,372,537


Consolidated SeparateConsolidated Separatefinancial statements financial statements

Liabilities and equity Note 30 June 31 December 30 June 31 December 2016 2015 2016 2015

(Unaudited) (Unaudited)(in thousand Baht)

Current liabilitiesBank overdrafts and short-term loans from

financial institutions 20 160,385 162,533 160,000 160,000

Trade accounts payable 21 475,131 339,178 469,767 338,954 Trade accounts payable , , , ,

Other payables 22 701,150 751,071 673,834 749,760

Current portion of creditors under rehabilitation plan 26,295 26,704 26,295 26,704

Current portion of Long-term loans 23 86,800 365,600 - 350,000

C i f fi i l l li bili i Current portion of financial lease liabilities 28,561 33,908 28,561 33,908

Advances received from customers under construction contracts 10 665,393 562,893 665,393 562,893

Retention payables from subcontractors 304,694 304,080 304,694 304,080

Undue value added tax 66,641 98,791 66,641 98,791

Short-term provisions 25 107,748 30,801 107,748 30,801

Other current liabilities 25,771 8,589 10,303 8,589

Total current liabilities 2,648,569 2,684,148 2,513,236 2,664,480

Non current liabilitiesNon-current liabilitiesLong-term loans 23 1,659,242 190,182 - -

Financial lease liabilities 16,657 29,839 16,657 29,839

Deferred tax liabilities 19 47,915 42,473 47,915 42,473

Employee benefit obligations 24 127,435 117,071 125,170 115,292

Long-term provisions 25 14,048 45,848 14,048 45,848

Deposit from customers 20,852 - - -

Total non-current liabilities 1,886,149 425,413 203,790 233,452

Total liabilities 4,534,718 3,109,561 2,717,026 2,897,932



Liabilities and equity Note 30 June 31 December 30 June 31 December 2016 2015 2016 2015

(Unaudited) (Unaudited)(in thousand Baht)

EquityShare capital 26Share capital 26

Authorized share capital 1,600,000 1,600,000 1,600,000 1,600,000

Issued and paid-up share capital 1,600,000 1,600,000 1,600,000 1,600,000

Premium on sharePremium on ordinary shares 24 24 24 24

Retained earningsAppropriated

L l 27 135 553 113 739 135 553 113 739 Legal reserve 27 135,553 113,739 135,553 113,739

Unappropriated 1,865,926 1,585,556 1,910,102 1,623,615

Other components of equity 5, 13

Change in fair value of available-for-sale investments 234,541 137,227 234,541 137,227

Total equity attributable to owners of the Company 3,836,044 3,436,546 3,880,220 3,474,605

N lli i 570 786 175 727 Non-controlling interests 570,786 175,727 - -

Total equity 4,406,830 3,612,273 3,880,220 3,474,605

Total liabilities and equity 8,941,548 6,721,834 6,597,246 6,372,537

Syntec Construction Public Company Limited and its SubsidiariesStatements of comprehensive income (Unaudited)

Consolidated Separatefinancial statements financial statementsThree-month period Three-month period

ended 30 June ended 30 JuneNote 2016 2015 2016 2015

(in thousand Baht)RevenuesRevenue from construction 1,752,553 1,599,921 1,752,553 1,599,922

Revenue from rendering of service 82,296 34,263 26,954 26,589

Interest income 2,368 2,521 3,327 4,658

Reversal of allowance for devaluationinvestments - 52,788 - 52,788

Reversal of allowance for doubtful accounts 7, 9, 10 11,094 26,283 11,094 26,283

Reversal of estimated loss under jointventure agreements - 82 - 82

Other income 35,908 5,027 27,910 4,579

Total revenues 1,884,219 1,720,885 1,821,838 1,714,901

ExpensesCost of construction 1,442,162 1,392,740 1,442,162 1,392,740

Cost of rendering of service 59,525 23,316 18,887 20,245

Selling expenses 2,860 539 105 60

Administrative expenses 126,629 88,313 109,565 78,582

Other expenses 17,437 72,479 17,436 72,479

Finance costs 18,146 10,366 5,377 10,366

Total expenses 1,666,759 1,587,753 1,593,532 1,574,472

Share of loss of investments in associate 12 (11) (7) - -

Profit before income tax expense 217,449 133,125 228,306 140,429

Income tax expense 19 22,544 28,546 22,544 28,546

Profit for the period 194,905 104,579 205,762 111,883

Other comprehensive income Items that will be reclassified to profit or loss:-Profit (loss) in fair value of available-for-sale, net tax 13 97,722 10,725 97,722 10,725

Income tax on other components income (19,544) (2,145) (19,544) (2,145)

Other comprehensive profit for the period, net of income tax 78,178 8,580 78,178 8,580

Total comprehensive income for the period 273,083 113,159 283,940 120,463

Syntec Construction Public Company Limited and its Subsidiaries

Statements of comprehensive income (Unaudited)

Consolidated Separate

financial statements financial statements

Three-month period Three-month period

ended 30 June ended 30 June

Note 2016 2015 2016 2015Note

(in thousand Baht)

Profit (loss) attributable to :-

Owners of the Company 199 531 105 156 205 762 111 883 Owners of the Company 199,531 105,156 205,762 111,883

Non - controlling interests (4,626) (577) - -


Total comprehensive income (loss) attributable to :-

Owners of the Company 277,709 113,736 283,940 120,463

Non - controlling interests (4,626) (577) - -


Earning per share

Basic (in Baht) 29 0.12 0.07 0.13 0.07

Syntec Construction Public Company Limited and its SubsidiariesStatements of comprehensive income (Unaudited)


Si th i d Si th i dSix-month period Six-month periodended 30 June ended 30 June

Note 2016 2015 2016 2015

(in thousand Baht)RevenuesRevenue from construction 3,428,005 3,425,124 3,428,005 3,425,124 Revenue from construction 3,428,005 3,425,124 3,428,005 3,425,124

Revenue from rendering of service 128,595 66,368 56,325 56,551

Interest income 4,610 7,571 6,675 12,028

Compensation for damages 32 58,510 - 58,510 -

Reversal of allowance for devaluationinvestments - 52,788 - 52,788

Reversal of allowance for doubtful accounts 7, 9, 10 31,104 31,168 31,104 31,168

Reversal of estimated loss under jointventure agreements - 82 - 82

Other income 59,974 8,374 51,359 9,407

Total revenues 3,710,798 3,591,475 3,631,978 3,587,148

ExpensesCost of construction 2,823,628 2,988,296 2,823,628 2,988,296

Cost of rendering of service 86,816 45,528 40,820 41,364

Selling expenses 3,135 1,221 215 126

Administrative expenses 231,617 183,008 205,573 164,278

Oth 17 637 93 754 18 194 93 754 Other expenses 17,637 93,754 18,194 93,754

Finance costs 27,784 20,862 12,500 20,862

Total expenses 3,190,617 3,332,669 3,100,930 3,308,680

Share of loss of investments in associate 12 (22) (13) - -

Profit before income tax expense 520,159 258,793 531,048 278,468

Income tax expense 19 94 949 59 788 94 780 59 788 Income tax expense 19 94,949 59,788 94,780 59,788


Other comprehensive income (loss)Items that will be reclassified to profit or loss:-Profit (loss) in fair value of available-for-sale, net tax 13 121,642 (8,939) 121,642 (8,939)

Income tax on other components income (24,328) 1,788 (24,328) 1,788

Other comprehensive income (loss) for the period, net of income tax 97,314 (7,151) 97,314 (7,151)


Syntec Construction Public Company Limited and its Subsidiaries

Statements of comprehensive income (Unaudited)

Consolidated Separate

financial statements financial statements

Six-month period Six-month period

ended 30 June ended 30 June

Note 2016 2015 2016 2015Note 2016 2015 2016 2015

(in thousand Baht)

Profit (loss) attributable to :-


Non - controlling interests (4,941) (4,778) - -


Total comprehensive income (loss) attributable to :-


Non - controlling interests (4,941) (4,778) - -


Earning per share

Basic (in Baht) 29 0.27 0.13 0.27 0.14

34

Appendix – Manpower

8000

Appendix Manpower

6,888 7,051 7000

8000 7,200

4 6944,862

4 856

6,176

5000

6000

4,054 4,435

4,694

4,152 4,181 4,216

4,856

3,428

4000

2000

3000

209 283

655 680 688 710 760 722

844 866 902 919 967 1,005

0

1000

34

189 186 214 209 207 28302011 2012 2013 2014 2015 2Q16

Staff : Head Office (person) Staff : Site + Plan (person) Total Staff Labor (person) Rev. from Construction (MB.)

35

Q & A

Thank you for join us If you want more information Please contact : Investor Relations DivisionMiss Rattapawee LapnanTel : 0-2711-7423 0-2381-6333 Ext. 5941E-mail : [email protected]

Documents

Analyst Meeting 01-09-2016 - synteccon.com€¦ · ANALYST MEETING. Agenda 2 1H2016 Performance Summary 1H2016 Backlog 2H2016 Outlook Appendix. 3 Agenda 1H2016 Performance Summary