GOLDEN LAND PROPERTY DEVELOPMENT PLC - set.or.th · Opportunity Day 13 August 2019 2 Remarks 5th July –8th August 2019: Period of Voluntary Tender Offer on Golden Land @ THB 8.50/share

Opportunity Day 13 August 2019

GOLDEN LAND PROPERTY DEVELOPMENT PLCOpportunity Day Q3 FY2019 (Apr’19 – Jun’19)

and 9M FY2019 (Oct’18 – Jun’19)

13 Aug 2019


2

Remarks

5th July – 8th August 2019:

Period of Voluntary Tender Offer on Golden Land @ THB 8.50/share by Frasers Property Thailand

Payment date of the Tender Offer

14th August 2019


3

3,162

3,744 3,897

3 Month Performance (Apr 2019 – Jun 2019)

291

500 525

3,897 MB Revenue

+ 4.1% Growth YoY

525 MB Net profit

+ 5.0% Growth YoY

APR 17 - JUN 17 APR 18 - JUN 18 APR 19 - JUN 19

Unit :

Million Baht

Unit :

Million Baht

4% yoy

20% qoq

20% qoq

5% yoy

*New Fiscal year 2019 : Oct 2018 - Sep 2019



4

8,655

11,482 13,018

9 Month Performance (Oct 2018 – Jun 2019)

699

1,577 1,638

13,018 MB Revenue

+ 13.4% Growth YoY

1,638 MB Net profit

+ 3.9% Growth YoY

Unit :

Million Baht

Unit :

Million Baht

13% yoy

4% yoy


OCT 16 - JUN 17 OCT 17 - JUN 18 OCT 18 - JUN 19 OCT 16 - JUN 17 OCT 17 - JUN 18 OCT 18 - JUN 19


5

Business Structures

Core Business

Total active project value of THB 56Bil*

5 offices buildings under management of

total NLA 210,091 Sqm.

Commercial Projects

► Office for Rent

► Investment in Hospitality

“Recurring Income”

► Single Detached House

► Town House (Town Home)

► Twin House (NEO-Home)

“Sales of Real Estate”

Residential Projects

Hotels: 1,200 keys

*As of Jun 2019


6

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Oct 17 - Jun 18 Oct 18 - Jun 19

13,018

Total Revenue

+13.4% yoy

Revenue Breakdown

by Business

Unit : MB

11,482

Residential Business

Growth +13.8%

Commercial Business

& others

Growth +10.3%

9 months Revenue

Breakdown

89%

11%

Maintain Growth both residential & commercial in Oct’18 – Jun’19

89%

11%


TH, 54%TW,

19%

SDH, 23%

UPC, 3%

Commercial, 61%

Hospitality, 30%

Other, 9%

6,249 MB

2,704 MB

877 MB

426 MB

123 MB

405 MB

2,233 MB


7*Golden Neo แจง้วฒันะ เมอืงทอง

ResidentialBusiness


88

Gold’s Footprints

8

BANGKOK

SAMUT PRAKARNSAMUT SAKORN

NONTHABURI

1

8 24,37

43

2

17,22

Don Mueang

International Airport

Suvarnnabhumi

International Airport

16,33,38

4,10,14,21,35

3,6,34

15,36

7

Townhouse

Single/Semi detached house

27 Projects

24 Projects

51 ProjectsTotal

18

23

9

28,41

20, 46

11,25

27,44,45

29, 42

51 Active Projects

N/E - 12N/W - 9 S/E - 7S/W - 19UPC - 4

31

30

5,12,13,

19,26,32

Ayutthaya

(Chachoengsao,

Sriracha Chonburi)

Chiang rai

39

40

As of End of Jun 2019

1. The Grand Rama 2 (5 Projects)2. The Grand Pinklao (2 Projects)3. Two Grande Monaco Bangna-Wongwaen4. Grandio Ladphrao-Kasetnawamin5. Grandio Bangkae6. The Grand Lux Bang na - Suanluang7. Golden Prestige Watcharapol – Sukhapiban 58. Golden Prestige Ekachai - Wongwan 9. Golden Neo Chaiyaphruek – Wongwan10. Golden Neo Ladphrao – Kaset Navamin11. Golden Neo ๒ Rama 2

12. Golden Neo Bang Kae13. Golden Neo Sathorn14. Golden Neo ๒ Ladphrao – Kaset Navamin15. Golden Neo ๒ Bang na – Kingkeaw

16. Golden Neo Ramintra-Wongwaen17. Golden Town Rattanathibet – Bangplu18. Golden Town Chaiyapreuk – Wongwan19. Golden Town Sathorn20. Golden Town Sriracha-Assumption21. Golden Town ๒ Ladphrao-Kasetnawamin

22. Golden Town Rattanathibet-Sai Ma Station23. Golden Town ๒ Pinklao-Charan Sanitwong24. Golden Town ๓ Suksawat-Phuttha Bucha25. Golden Town ๒ Rama 2

26. Golden City Sathorn27. Golden Town Vibhavadi-Chaengwattana28. Golden Town Wongsawang-Khae Rai29. Golden Town Petchkasem30. Golden Town Srinakarin - Sukhumvit31. Golden Town Ayutthaya32. Golden Town Bangkae33. Golden Town Phaholyothin-Saphanmai34. Golden Town ๓ Bang na - Suanluang35. Golden Town ๓ Ladphrao-Kasetnawamin

36. Golden Biz Bangna – Kingkeaw37. Golden Town Suksawat-Phuttha Bucha38. Golden Town Ramintra-Wongwaen39. Golden Town Chiangrai-BigCAirport40. Golden Town Sukhumvit-Bearing Station41. Golden Town Ngamwongwan-Khae Rai42. Grandio Petchkasem 8143. The Grand Wongwaen-Prachauthit44. Golden City Chaengwattana-Muang Thong 45. Golden Neo Chaengwattana-Muang Thong46. Golden Town Chachoengsao-Ban Pho

Total Active Projects


9

PRODUCT SEGMENTS

2 - 3 MB

3 - 5 MB

3.5 - 7 MB

5 - 7 MB

10 - 40+ MBSingle-detached House

Price RangeBrand

Semi-detached House

Single-detached House / Semi-detached House

7 - 10 MB

2 – 3 StoreyTownhouse

2 StoreyTownhouse


10

Residential Presale for 3 & 9 months

5,500 6,400

5,500 19,500

20,900

21,800

5,500 MB Presale in 3 months

- 14% Growth YoY

21,800 MB Presale in 9 months

+ 4% Growth YoY


Unit :

Million Baht

Unit :

Million Baht

-14% yoy

4% yoy

OCT 16 - JUN 17 OCT 17 - JUN 18 OCT 18 - JUN 19


11

Residential Revenue for 3 & 9 months

2,778 3,315 3,440

7,473

10,188 11,591

3,440 MB Revenue in 3 months

+ 3.7% Growth YoY


+ 13.8% Growth YoY


Unit :

Million Baht

Unit :

Million Baht

4% yoy

14% yoy



26,000 MB Project Value 24 Projects

12,700 MB / 11 Projects Actual Launched in 9 Months

Unit : # of projects

Residential Project Launch Plan

*New Fiscal year 2019 : Oct 2018-Sep 2019 12

TH TW SDH Upcountry

OCT-DEC

2018 (A)

JAN-MAR

2019 (A)

APR-JUN

2019 (A)

JUL-SEP

2019 (F)

5,400

4,200

3,100

13,300

22

1

7

3

1

1

1

2

1

3

26,000

23,000

FY2018

(A)

FY2019

(F)

Growth 13%

12

3

3

1

12

4

4

4


13

3,400

5,500

0

2,000

4,000

6,000

8,000

10,000

12,000

JAN-MAR 17 APR-JUN 17 JUL-SEP 17 OCT-DEC 17 JAN-MAR 18 APR-JUN 18 JUL-SEP 18 OCT-DEC 18 JAN-MAR 19 APR-JUN 19

Residential Revenue Backlog End of Period Presale

Unit : MB

3/4th of Backlog expected to be transferred in the Next Quarter

4,300


14

Project Type: Single-detached House

Presale Target : 300 MB

Number of units: 107

Pre-sale date: 27-28 Apr 2019

Phetkasem 81

Pre-sale value

Project Highlight


Project Highlight

15

Project Type: Townhouse

Presale Target: 400 MB


Pre-sale date: 27-28 Apr 2019

Ngamwongwan - Khaerai

Pre-sale value


Project Highlight

16

Project Type: Townhouse

Project Value: 808 MB


Pre-sale date: 22-23 Jun 2019

Chiangrai - BigCAirport

Pre-sale value


Project Highlight

17

Project Type: Twinhouse

Project Value: 1,086 MB


Pre-sale date: 20-21 Jul 2019

Chaengwattana - Muang Thong

Pre-sale value


Project Highlight

18

Project Type: Townhome

Project Value: 732 MB


Pre-sale date: 3-4 Aug 2019

Chaengwattana - Muang Thong

Pre-sale value


19

*Samyan Mitrtown Building

Commercial Business


20

Project on Hands

OFFICE FOR RENT

HOSPITALITY BUSINESS

50,375 m2

฿ 4,000M

COMINGSOON


21Recurring Income : Commercial Business & Others

383

429

458

1,181 1,294

1,427

458 MB Revenue in 3 months

+ 6.7% Growth YoY


+ 10.3% Growth YoY


Unit :

Million Baht

Unit :

Million Baht

7% yoy

10% yoy


Commercial Revenue for 3 & 9 months


22

Office Leasing Performance

*As of Jun 2019

Occ. Rate 45%Asking rent 1,000 B/sq.m

Occ. Rate 93%Asking rent 600 B/sq.m

Occ. Rate 100%Asking rent 900 B/sq.m



REIT Management


23

JULY 2016 AUGUST 2019

Construction

Progress 95%


SAMYAN MITRTOWN pre-open sales

Secure almost of

Retail Tenants 85%*As of Jul 2019

Secure almost of

Office Tenants 45%


25

GRADE A OFFICE BUILDING

26

1st Tenant Move-in 26 August 2019


Triple Y Residence

Ready to Move Sep’19

Starting Price 4.89 MB

*As of Jul 2019https://www.tripleysamyan.com

516 UNITS

• LEASEHOLD

• SECURITY

• LOCATION


Triple Y Hotel

*As of Jul 2019https://www.tripleyhotel.com

102 KEYS• SHARED LOBBY WITH CONDOMINIUM• 24-HR LOBBY• COMFORT AND CONVENIENCE• FITNESS FACILITIES• SUITS FOR BUSINESS ANDLEISURE PURPOSE

• SMARTPHONE IN EVERY ROOM

29

NEVER SLEEP MITR

24 HRS

SAMYAN MITRTOWN RETAIL


30

SEE YOU SEPTEMBER 20, 2019

#SAMYANMITRTOWN


31

Financial Highlight (3 months)

Q3 FY 2019 (Apr19 – Jun19) Revenue of THB 3,897 Mil, +4.1% yoy

P&L (MB) Apr19 – Jun19 Apr18 – Jun18 % yoy

Total revenue 3,897 3,744 4.1%

Cost of sales 2,522 2,496 1.0%

Gross Profits 1,375 1,248 10.2%

Gross Profit Margin 35.3% 33.3%

S&A 684 614 11.4%

EBIT 691 634 9.0%

Profit 525 500 5.0%



32

Financial Highlight (9 months)

P&L (MB) Oct18 – Jun19 Oct17 – Jun18 % yoy

Total revenue 13,018 11,482 13.4%

Cost of sales 8,765 7.704 13.8%

Gross Profits 4,253 3,778 12.6%

Gross Profit Margin 32.7% 32.9%

S&A 2,176 1,777 22.5%

EBIT 2,076 2,002 3.7%

Profit 1,638 1,577 3.9%

9M FY 2019 (Oct18 – Jun19) Revenue of THB 13,018 Mil, +13.4% yoy



33

Financial Highlight (End of Period)

Balance Sheet (MB) Jun-19 Sep-18 %Change

Current Assets 31,975 25,157 27.1%

Non-current assets 13,738 14,045 -2.2%

Total assets 45,713 39,202 16.6%

Current liabilities 14,176 7,869 80.2%

Non-current liabilities 15,078 15,443 -2.4%

Total liabilities 29,254 23,312 25.5%

Equity 16,459 15,890 3.6%

Total liabilities and Equity 45,713 39,202 16.6%



34*Annualized.

Financial Ratios

5.3%

-5%

0%

5%

10%

2013 2014 2015 2016 2017 2018 9M2019

ROA

12.6%

-40%

-30%

-20%

-10%

0%

10%

20%

2013 2014 2015 2016 2017 2018 9M2019

NP

32.7%

0%

15%

30%

45%

2013 2014 2015 2016 2017 2018 9M2019

GPM

1.1

0

0.5

1

1.5

2

2013 2014 2015 2016 2017 2018 9M2019

D/E Interest Bearing

48.5%

0%

20%

40%

60%

80%

2013 2014 2015 2016 2017 2018 9M2019

% ST/Total liabilities

3.24%

0.0%

2.0%

4.0%

6.0%

2013 2014 2015 2016 2017 2018 9M2019

% Cost of debt

13.64%

-10%

-5%

0%

5%

10%

15%

2013 2014 2015 2016 2017 2018 9M2019

ROE

0.46

0

0.1

0.2

0.3

0.4

0.5

2013 2014 2015 2016 2017 2018

Dividend (THB)

0.93

-0.5

0

0.5

1

2013 2014 2015 2016 2017 2018 9M2019

EPS (THB)

PROFITABILITY CAPITAL & FUNDING SHAREHOLDERS’ RETURNS

* *

*


GOLDEN LAND PROPERTY DEVELOPMENT PLCOpportunity Day Q3 FY2019 (Apr’19 – Jun’19)

and 9M FY2019 (Oct’18 – Jun’19)

13 Aug 2019

Documents

GOLDEN LAND PROPERTY DEVELOPMENT PLC - set.or.th · Opportunity Day 13 August 2019 2 Remarks 5th July –8th August 2019: Period of Voluntary Tender Offer on Golden Land @ THB 8.50/share