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2 2 M A R C H 2 0 1 8
ANALYST MEETING
2 0 1 7 P E R F O R M A N C E R E V I E W A N D 1 H 2 0 1 8 O U T L O O K
Agenda
2017 Performance Summary
2017 Backlog
2018 Outlook
Appendix
2
3
Agenda
2017 Performance Summary
1,825 1,599 1,688 1,939 1,675 1,752 1,956 2,121 1,986 2,190 2,293 2,206 7,505 8,675
45 121 46 111 151 132 143 98 123 120 121 117
523
481
-
2,000
4,000
6,000
8,000
10,000
OtherConstruction
Revenue (MB.)
4
Total Revenues (MB.) • Consolidated 2016 vs. 2017 up 14.05% (8,028 vs. 9,156) • Company 2016 vs. 2017 up 14.15% (7,783 vs. 8,885)
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 2016 2017
Total
1,870
1,720
1,734
2,050
1,826
1,884
2,099
2,219
2,109
2,310
2,414
2,323
8,028
9,156
Gross Profit (MB.) • Consolidated 2016 vs. 2017 up 32.85% (1,455 vs. 1,933) • Company 2016 vs. 2017 up 34.23% (1,367 vs. 1,835)
Gross Profit and Gross Profit Margin
230 206 252 226 313 333
449 359
456 484 482
1,455
1,933
230
330 433 462
1,367
1,835
0
500
1000
1500
2000
2500
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 2016 2017
Gross Profit
12.6 12.9
14.9
11.7
18.7 19.0
23.0
16.9
23.0 22.1 21.0
19.4
22.3
12.6 11.9
15.6
21.7 21.0
20.0 18.2
21.1
0.0
5.0
10.0
15.0
20.0
25.0
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 2016 2017
Gross Profit Margin
Gross Profit Margin (%) • Consolidated 2016 vs. 2017 up 2.9% (19.4 vs. 22.3) • Company 2016 vs. 2017 up 2.9% (18.2 vs. 21.1)
5
Net Profit and Net Profit Margin
94 105
234 224 249 195
274
133
246 261 244
852
985
106 112
240 224
250 206
281
160
263 278 262
896
1,050
0
200
400
600
800
1000
1200
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 2016 2017
Net Profit
5.2
6.5
13.9
11.6
14.9
11.1
14
6.3
12.4 11.9
10.6 11.4 11.4
7
14.2
11.7
14.3
7.6
13.2 12.6
11.4 11.9 12.1
0
2
4
6
8
10
12
14
16
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 2016 2017
Net Profit Margin
Net Profit (MB.) • Consolidated 2016 vs. 2017 up 15.61% (852 vs. 985) • Company 2016 vs. 2017 up 17.18% (896 vs. 1,050)
Net Profit Margin (%) • Consolidated 2016 vs. 2017 unaltered (11.4 vs.11.4) • Company 2016 vs. 2017up 0.2%(11.9 vs. 12.1)
6
EBIT / I and Debt to Equity
1.14
1.07 1.09 1.04 1.04
0.96
0.89 0.86
0.83
1.03 1.00 0.98
0.82 0.81 0.77
0.98
0.78
1 0.99
0.93 0.87
0.77 0.8
0.7 0.68 0.68
0.52 0.5 0.48
0.68
0.49
0
0.2
0.4
0.6
0.8
1
1.2
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 2016 2017
Debt to Equity • Consolidated 2016 vs. 2017 down 0.20% (0.98 vs. 0.78) • Company 2016 vs.2017 down 0.19% (0.68 vs. 0.49)
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Agenda
2017 Backlog
8
9
Backlog on hand (MB.)
As of 31 Dec 2017 there are 27 projects on hand, valued 25,554 MB., Total Area 1,871,328 Sq.m. Backlog 11,561 MB. These projects will generate revenue till 2019.
6,504 6,228
5,430
5,755 6,657
8,352
10,013
10,584 10,454
12,026 11,561
27 28 31 29 29
24
29 32 36 43 27
0
2000
4000
6000
8000
10000
12000
14000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Project
Backlog (MB) Project on Hand as of 31 December 2017
Type of Project Exc. Vat (MB.)
21 Residential Projects 19,415
3 Commercial Projects 3,348
3 Leisure Projects 2,028
Total 25,554
10
Progress of Current Projects as of 31 Dec 2017 Listed Company and Related
No. Project Title Project Value
(Exclude VAT 7%) (MB.)
Area (sqm.) % Detail of Project
1 SUPALAI ELITE PHAYATHAI 241 26,800 89.60 31 storey of condominium
2 SUPALAI LITE RATCHADA-NARATHIVAS-SATHORN 328 47,882 61.05 27 storey with rooftops of condominium
3 SUPALAI ELITE SURAWONG 274 28,440 33.85 31 storey with rooftops of condominium
4 SUPALAI VERANDA RAMA 9 647 91,331 16.75 31 storey of condominium
5 SUPALAI ELITE SI-PHRAYA 314 37,070 0.00 1 building of 36 storey of condominium,1 building of 8 storey of clubhouse and car park
6 SUPALAI RIVA GRANDE 1,157.50 132,677 0.00 2 buildings of 36 storey of condominium,1 building of 37 storey of condominium and RMU building
7 LIFE ASOKE 1,798 100,692 91.98 35 storey of condominium
8 LIFE SUKHUMVIT 62 494 25,906 0.00 24 storey of condominium with 1 basement level
9 CHAPTER ONE SHINE BANGPO 427 33,922 9.53 38 storey of condominium,5 storey of car park building
10 THE RESERVE THONGLOR 499 17,978 0.29 26 storey of condominium, 8 storey of car park building
11
Progress of Current Projects as of 31 Dec 2017 Listed Company and Related
No. Project Title Project Value
(Exclude VAT 7%) (MB.)
Area (sqm.) % Detail of Project
11 NOBLE REVOLVE RATCHADA 1,345 71,732 85.20 2 buildings of 38, 42 storey of condominium
12 NOBLE RECOLE 687 26,934 31.63 30 storey of condominium with 5 level basement
13 NOBLE BE 33 683 24,530 16.92 31 storey of condominium with 5 level basement
14 NOBLE BE 19 1,374 51,623 6.97 48 storey of condominium with 1 level basement, 27 storey of condominium with 6 level basement
15 THE ESSE ASOKE 969 53,235 35.03 54 storey of condominium with 2 level basement
16 THE POLITAN RIVE (PHASE 2) 474 36,612 80.46 4 buildings of 8 storey of condominium and 6 storey of car park building
17 THE POLITAN AQUA 1,906 152,426 11.93 61 storey of condominium
18 TERMINAL 21 PATTAYA 1,383 155,140 63.65 1-6 storey shopping mall, 7-25 storey of condominium with 1 basement
19 MI 3 306 19,020 72.73 24 storey of hotel
20 CP TOWER NORTH PARK 784 44,000 0.00 19 storey of office building with 1 basement level
12
Progress of Current Projects as of 31 Dec 2017 Non Listed Company
No. Project Title Project Value
(Exclude VAT 7%) (MB.)
Area (sqm.) % Detail of Project
21 THE PRESIDENT PHETKASEM-BANGKHAE 378 38,198 53.47 27 storey of condominium
22 LAVIQ SUKHUMVIT 57 506 28,549 10.36 33 storey of condominium
23 HOTEL NIKKO BANGKOK 560 49,336 91.21 20 storey of condominium with 4 level basement
24 INFINITY ONE CONDO 400 27,000 55.75 34 storey of condominium
25 KRAAM SUKHUMVIT 26 589 27,900 23.78 29 storey of condominium with 2 level basement
26 I’M CHAINA TOWN 668 30,743 12.88 1 building of 8 storey of hotel with 6 level basement, 1 building of 8 storey of hotel
27 TRR BUILDING 592 36,832 0.00 27 storey of office building with 1 basement level
MEP Work Value 13
No. Project Contract Value
Excl. Vat (MB.)
1 Noble Revolve Ratchada (Phase 1) 159.42 2 Noble Revolve Ratchada (Phase 2) 155.57 3 Noble Recole 108.50 4 Noble BE 19 251.31 5 Swan Lake Khao Yai 11.42 6 Kraam Sukhumvit 26 121.09 7 Noble BE 33 132.16 8 I’m Chaina Town Hotel 179.76 9 The Reserve Thonglor 95.74
10 CP Tower North Park 199.50 11 Life Sukhumvit 62 86.45
Total 1,500.92
14 List of Current Projects as of 31 Dec 2017
1.SUPALAI ELITE PHAYATHAI
2. SUPALAI LITE RATCHADA-NARATHIVAS-SATHORN
3. SUPALAI ELITE SURAWONG 4.SUPALAI
VERANDA RAMA 9
5.SUPALAI ELITE SI-PHRAYA
6.SUPALAI RIVA GRANDE 7. LIFE ASOKE
8. LIFE SUKHUMVIT 62
9. CHAPTER ONE SHINE BANGPO 10. THE RESERVE
THONGLOR 11. NOBLE REVOLVE RATCHADA
12. NOBLE RECOLE
13. NOBLE BE 33 14. NOBLE BE 19
15. THE ESSE ASOKE 16.THE POLITAN RIVE 2 17.THE POLITAN AQUA 18.TERMINAL 21 PATTAYA 19.MI 3
20. CP TOWER NORTH PARK
21.THE PRESIDENT PHETKASEM-BANGKHAE 22. LAVIQ SUKHUMVIT 57
23.NIKKO HOTEL BANGKOK
24. INFINITY ONE CONDO 25.KRAAM SUKHUMVIT 26 26. I’M CHAINA TOWN
27.TRR BUILDING
The construction project signed in 2017
15
No. Project Owner VALUE (MB.)
1Q2017 1 NOBLE BE 33 CONTINENTAL CITY CO., LTD. 731
2 THE PRESIDENT PHETKASEM-BANGKHAE CHAIPATTANA LAND CO., LTD. 405
3 I’M CHINA TOWN GRAND UNILAND CO., LTD. 715
SIGNED CONTRACT VALUE 1Q2017 1,851
2Q2017 4 THE POLITAN AQUA BANGKOK RIVA DEVELOPMENT CO., LTD. 2,040
5 SUPALAI VERANDA RAMA 9 SUPALAI PCL. 692
6 LAVIQ SUKHUMVIT 57 REAL ASSET DEVELOPMENT CO., LTD. 542
7 THE RESERVE THONGLOR PRUKSA REAL ESTATE PCL. 534
8 NOBLE BE 19 CONTINENTAL CITY CO., LTD. 1,470
SIGNED CONTRACT VALUE 2Q2017 5,278
3Q2017 9 CHAPTER ONE SHINE BANGPO PRUKSA REAL ESTATE PCL. 457
SIGNED CONTRACT VALUE 3Q2017 457
4Q2017 10 TRR BUILDING TRR PROPERTY CO., LTD. 592
11 SUPALAI RIVA GRANDE SUPALAI PCL. 1,157.50
SIGNED CONTRACT VALUE 4Q2017 1,749.50
SIGNED CONTRACT TOTAL VALUE 9,335.50
New Project of 1Q2018 16
CP TOWER NORTH PARK
1 building of 19 storey of office building with 1 basement level,
Total Area 44,000 Sqm.
LIFE SUKHUMVIT 62
1 building of 24 storey of condominium with 1 basement level,
Total Area 25,906 Sqm.
No. Project Owner VALUE (MB.)
1Q2018 1 CP TOWER NORTHPARK CP LAND PCL. 784
2 LIFE SUKHUMVIT 62 AP ME5 CO., LTD. 494
3 CENTRIC RATCHAYOTHIN SC ASSET COPORATION PCL. 340
SIGNED CONTRACT VALUE 1,618
CENTRIC RATCHAYOTHIN
1 building of 21 storey of condominium,
Total Area 17,365 Sqm.
17
Project The Dutchess (Leasehold)
Citadines Grand Central
Sri Racha
Somerset Central
Sri Racha
The Zone Prachinburi
Eight Thonglor Retail
Eight Thonglor Hotel
Investment (million baht) 440 327 622 511 728 1,767
Total Room 166 137 177 306 43 148*
Total Area (Sqm.) 20,793 9,492 19,422 20,578 7,834 15,791
2017 Revenue (MB.) 119.38 57.01 - - 201.66
2017 EBITDA (MB.) 24.4 33.34 - - 87.86
2017 Net Profit (MB.) -4.40 1.19 - - -60.69
Status Opened Opened 3Q2018 4Q2019 Opened Opened
% SYNTEC 100% 68% 60%
*Eight Thonglor Hotel some room operate renovated until 2Q2018
Service Apartment
Agenda
2018 Outlook
18
Outlook – Under Tender as of 15 Mar 2018 No. Project Detail Owner Value
(MB.)
1 SUPALAI ORIENTAL SUKHUMVIT 39
2 Buildings of 25 storey of condominiums, 2 Buildings of 35 storey of condominiums and 10 storey of condominium
SUPALAI PCL. 1,250
2 SUPALAI PARK TALAT PHLU STATION
34 storey of condominium SUPALAI PCL. 400
3 NOBLE CHAENGWATTANA 31 storey of condominium with 2 basement level
CONTINENTAL CITY CO., LTD.
1,100
4 NOBLE AROUND SUKHUMVIT 33
25 storey of condominium with 3 basement level
CONTINENTAL CITY CO., LTD.
600
5 METRIS PATTANAKARN 29 storey of condominium MAJOR DEVELOPMENT ESTATE CO., LTD.
500
6 THE ESSE SUKHUMVIT 36 45 storey of condominium S36 PROPERTY CO., LTD. 1,200
7 THE VERTIER 30 storey of condominium with 1 basement level
V SUKHUMVIT PRIME DEVELOPMENT CO., LTD.
350
8 SUKHOTHAI HOUSE 3 storey of residential building with 2 basement level
KHUN YINGLUCK WACHARAPHOL
300
9 PHAYATHAI COMPLEX 51 storey of mix used building with 2 basement level
HHT CONSTRUCTION CO., LTD.
1,200
10 BETRAGRO TOWER II 21 storey of office building with 1 basement level
B&T REALTY CO., LTD. 1,100
11 SAMITIVEJ CHONBURI HOSPITAL
10 storey of hospital building with 1 basement level,1 storey high expanded building A
SAMITIVEJ CHONBURI HOSPITAL CO., LTD.
300
19
Outlook – Under Tender as of 16 Mar 2018 No. Project Detail Owner Value
(MB.)
12 VIMUT INTERNATIONAL HOSPITAL
Sub-structure B1-B4 of 18 storey building and 4 floor basement
VIMUT INTERNATIONAL HOSPITAL CO., LTD.
120
13 SAKON NAKHON SUGAR FACTORY
Sugar Factory THAI ROONG RUANG INDUSTRY CO., LTD.
200
14 ASA AYUTTHAYA-ROJANA 8 storey of residential building ULTITUDE DEVELOPMENT CO., LTD.
200
15 ORB (INTERNATIONAL SCHOOL)
3 buildings of 2 storey of school building, 3 storey of director 'building and 2 buildings of gymnasium
HHT CONSTRUCTION CO., LTD.
650
16 OFFICE BUILDING’ SITTIPOL 1919 CO., LTD.
21 storey of office building with 2 basement level
SITTIPOL 1919 CO., LTD. 250
17 BULPHERE PATTAYA 8 storey of condominium with 1 basement level
HABITAT GROUP CO., LTD. 150
18 PHAHOLYOTHIN34 CONDOMINIUM
2 buildings of 8,4 storey of condominiums,3 storey of clubhouse
CPN RESIDENCE CO., LTD. 300
19 VANISSA BUILDING, BANGKOK
2 buildings of 12,23 storey of office building with 6 basement level
PIYANARONGVIT CO., LTD. 700
20 UOB(THAI)PCL HEAD OFFICE 30 storey of office building with 6 basement level
UNITED OVERSEAS BANK (THAI) PCL.
1,100
21 ACE CHAENGWATTANA 2 buildings of 6 storey of hotel ROMKLAO PLACE CO., LTD. 120
TOTAL 21 PROJECTS 12,090
20
Agenda
Appendix
21
Appendix – Manpower 22
4,862 4,856
6,176 6,888 7,051
7,504
8,675
655 680 688 710 760 826 849
189 186 214 209 207 217 245
844 866 902 919 967 1,043 1,094
4,054 4,435 4,694
4,152 4,181 4,696
4,146
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,00020
11
2012
2013
2014
2015
2016
2017
Rev.from Construction Staff Site+Plant Staff HO Total Worker
• Awards • One of 100 achieves ESG100 2 years in a row since 2016 (The Award were given to listed companies notable in conducting business in Environmental, Social, and Governance (ESG) • The score of quality evaluation of Annual General Meeting “AGM” in 2017 by Thai Investors Association was 100 which was regarded as excellent level • Thai Institute of Directors resolved to the Company is a member :The Collection Action Against Corruption” On 9 March 2017 • The result of reliability rating by Tris Rating Co., Ltd showed that the Company got “BBB” and it’s likely to have stable rank. • The Company was selected to be 1 in 65 of the listed companies in Thailand Sustainability Investment 2017 listing of (Sustainable Stock) which reflects company outstanding performance in environment social and governance : ESG • The Company was result of Corporate Governance Evaluation of Thai Listed Companies 2017 revealed that the company was rated in “Excellent Level” by scoring over 90 points from Thai Institute of Directors.
• Overall Performance & Corporate
36
Q & A
Thank you for join us If you want more information Please contact : Investor Relations Division Miss Rattapawee Lapnan Tel : 0-2711-7423 0-2381-6333 Ext. 5941 E-mail : [email protected]
24
