Opportunity Day May 2012

Supalai Public Company Limited

Opportunity Day May 2012

Supalai Public Company Limited

Executive Summary

2

• Condominium launches contributed to strong pre-sales in 1Q12

• Robust market share growth in provincial markets with established operations

• Back-loaded transfer schedule for condominiums in 2012

3

For the 3-month period ended (Million Baht) 31Mar12

31Mar11

Change

MB. %

Total Revenues 1,598 3,310 (1,712) (52%)

Revenues from Sale on Real Estate 1,506 3,221 (1,715) (53%)

Gross Margin (%) 42.5% 43.9% - -

Selling and Administrative Expenses 295 303 (8) (3%) % S&A to Total Revenues 18.5% 9.1% - -

Earning before Tax 361 1,129 (768) (68%)

% EBT to Total Revenues 22.6% 34.1% - -

Corporate Tax 85 348 (263) (75%)

% Effective Corporate Income Tax Rate 23.6% 30.8% - -

Net Profit 264 733 (469) (64%)

Net Profit Margin (%) 16.5% 22.1% - - Basic Earnings Per Share (Baht) 0.15 0.43 (0.28) (65%)

Consolidated Income Statement

4

(Million Baht)

31Mar12 31Dec11 Change

MB. %

Total Assets 20,530 20,495 35 0%

Loan from Financial Institutions 4,892 5,100 (208) (4%)

- Project Loan 295 80 215 269%

- Debenture 4,140 4,139 1 0%

- Other 457 880 (423) (48%)

Deposits & Advances Received From Customers 2,651 2,221 430 19%

Total Liabilities 9,141 9,362 (221) (2%)

Total Shareholder's Equity 11,389 11,132 257 2%

Issued and Paid-up Share Capital 1,717 1,717 - 0%

Consolidated Statement of Financial Position

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Remark : Net Gearing = (Interest Bearing Debt – Cash) / Equities

31Mar12 31Dec11

Net Gearing (%) 41% 40%

Net BV Per Share (Baht) 6.63 6.49

Interest Coverage Ratio (Times) 10 28

Annualized ROE (%) 9% 23%

Annualized ROA (%) 5% 13%

Financial Ratios (Consolidated)

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Year Interim DPS

(Baht)

Final DPS

(Baht)

Total DPS

(Baht)

Payout Ratio Yield

2006 0.15 0.12 0.27 49% 7.71%

2007 0.12 0.13 0.25 48% 6.94%

2008 0.15 0.15 0.30 44% 14.42%

2009 0.25 0.35 0.60 40% 7.69%

2010 0.30 0.30 0.60 41% 5.22%

2011 0.35 0.30 0.65 45% 3.87%

Remark : Dividend payment policy is to pay approximately 45% of net income

Dividend Payout

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Expansion in Provincial Markets

L M H

DH

TH

CD

Chiangmai

Khonkaen (Subsidiary)

Bangkok Metropolis

Chonburi

Phuket

Suratthani L M H

DH

TH

CD

L M H

DH

TH

CD

L M H

DH

TH

CD

L M H

DH

TH

CD

L M H

DH

TH

CD

Remark : DH = Detached House, TH = Townhouse, CD = Condominium, L = Low income, M = Middle income, H = High income

Hadyai (Subsidiary) L M H

DH

TH

CD

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4,804 5,358 5,960 7,2859,469

11,236

5,292

2,164 2,1223,341

4,881

4,416

4,675

1,495

19,000

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

2006 2007 2008 2009 2010 2011 4M12 2012 (T)

High Rise Low Rise Target

Sales Contract Performance & Target Million Baht

Remark : Sales contract shown are value of total contracts signed minus all cancellations

15,911

6,787

9,36810,529

11,677

1,470

7,453

5,386 6,058 5,599

12,500

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2009 2010 2011 2012 (T) 2012 2013 2014 2015

Revenue Recognized Backlog Revenue Target

9

Revenue & Backlog (The Company Only)

Total Backlog = 24,496 Million Baht

Million Baht

Remark : Numbers as of 31Mar12

8,923

1Q12 Subsidiaries Transfer = 97 MB Subsidiaries Backlog 2Q12-4Q12 = 835 MB

Cityhome Srinakarin No. of Units : 1,100 Project Value : 1,050 MB

Supalai Park @ Downtown Phuket No. of Units : 518 Project Value : 810 MB

Condominiums to be Transferred in 2012

10

Supalai Park Ratchayothin No. of Units : 826 Project Value : 2,300 MB

Supalai Park Asoke-Ratchada No. of Units : 544 Project Value : 1,440 MB

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Project Type Project Value Backlog

Remaining Project Value

Units Million Baht Million Baht Million Baht

Condominium - Completed 16,201 35,974 294 1,812

Condominium - Under Construction 10,142 32,638 21,157 11,458

Detached House 9,673 33,509 2,397 11,868

Townhouse 4,395 11,692 648 1,157

Grand Total 40,411 113,813 24,496 26,295

Remark : The company has combined finished inventory for detached house and townhouse of 840 MB as at 31Mar12

Ongoing Project Status (31Mar12)

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Remark : The company has land acquisition budget of 4.5 billion Baht in 2012 (3.6 billion Baht spent in 2011)

Project Type Project Launched 2011 New Project Launch 2012 (Land Secured Only)

Land Bank Secured for 2013 Onwards

# Value # Value # Value

Low Rise 5 4,680 11 8,420 11 7,280

High Rise 4 11,920 5 9,480 1 3,600

Total 9 16,600 16 17,900 12 10,880

Project Launch Plan & Land Bank

Supalai Park @ Phuket City

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No. of Units : 504 Project Value : 840 MB Launch Date : May 2012

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OD_08May12