Presales Update

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Investor Relations Information as of 31st March 2018

2018 YTD Top Line Achievement:

PresalesTHB

Million

Low rise 5,210

Condominium 4,806

of which JV Condo (3,044)

Presales Achievement 10,016

% Achievement 29.9%

2018 Presales Target 33,500

Note: Data as of 31st March 2018 (Backlog includes Q1 revenue as the results will be announced in May 2018)

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Backlog THB Million

Low rise*(2018 Portion)

8,307

Condominium*(2018 portion)

4,558

3M 2017 Revenue Recognition

N/A

Total Backlog(2018 Portion)

12,865

% Secured Revenue 53.5%

2018 Revenue Target 24,050

2018 Presales: Another new high record

18,000

15,500

28,156

2016

33,500

14,822

2017

42,978

12,332

10,033

22,365

2018 FC

14,959

2015

13,225

28,184

Q3 2017

3.642

Q4 2016

3.189

Q2 2017

Q1 2016

3.1783.899

4.860

2.5853.141

Q1 2017

Q3 2016

Q2 2016

2.659

+64%

Q1 2018

5.210

3.178

Q4 2017

Q1 2017

4,806

553

11,542

8,4377,624

553627

4,1973,817

1,392

Q2 2016

Q1 2017

Q1 2018

Q3 2017

Q2 2017

Q4 2017

Q4 2016

+769%

Q1 2017

Q1 2016

Q3 2016

Million Baht

Condominium

Low Rise

Low Rise

Condominium

3

2018 New Launch phasing:

4

18,450

6,2505,000

6,000

8,000

2,240

7,240

Q4 2018

Q1 2018

Q3 2018

24,450

3,130

14,250

Q2 2018

Condo

Low rise

Number of PJ Q1’18 Q2’18 Q3’18 Q4’18

Condo 2 - 1 1

Low rise 3 3 18 7

No.

of project

Total

project

value

No.

of project

Total

project

value

Q1 3 3,540 5 7,240

Q2 3 9,250 3 3,130 -19%

Q3 15 21,950 19 24,450

Q4 4 14,900 8 14,250 5%

Total 25 49,640 35 49,070 -1%

No.

of project

Total

project

value

No.

of project

Total

project

value

Q1 3 3,540 3 2,240

Q2 2 1,650 3 3,130 3%

Q3 14 14,450 18 18,450

Q4 3 5,300 7 6,250 25%

Total 22 24,940 31 30,070 21%

No.

of project

Total

project

value

No.

of project

Total

project

value

Q1 - 2 5,000

Q2 1 7,600 - -34%

Q3 1 7,500 1 6,000

Q4 1 9,600 1 8,000 -18%

Total 3 24,700 4 19,000 -23%

Total Projects

Launched

2017

Low rise

2017

High rise

2017

% Growth

% Growth

% Growth

2018

2018

2018

2018 New projects Launch:

5

Note: Data as of 31st March 2018

Backlog by segment: AP & JV

Note: Data as of 31st March 20186

Q1 2018 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2017 2016 2015 2014

31st Mar

Beginning Backlog 5,893 7,827 8,782 7,659 7,586 7,827 9,278 14,275 22,576

Gross sales booking 8,901 28,283 8,490 7,985 6,254 5,553 26,024 24,207 21,245

Cancellation -1,929 -9,093 -3,565 -2,224 -1,555 -1,749 -7,821 -7,567 -6,606

Net sales booking (excl. JV) 6,972 19,190 4,925 5,762 4,699 3,804 18,203 16,640 14,640

Revenue Recognition - (21,124) (7,814) (4,639) (4,626) (4,046) (19,653) (21,637) (22,941)

Ending Backlog (excl.JV) 12,866 5,893 5,893 8,782 7,659 7,586 7,827 9,278 14,275

- from TH&SDH 8,307 3,097 3,097 4,139 2,620 2,105 1,473 2,088 1,411

- from Condo 4,558 2,796 2,796 4,643 5,039 5,481 6,354 7,189 12,863

Net Sales Booking (excl. JV) 6,972 19,190 4,925 5,762 4,699 3,804 18,203 16,640 14,640

- from TH&SDH 5,210 14,822 3,141 4,860 3,642 3,178 12,331 13,225 11,752

- from Condo 1,762 4,368 1,784 901 1,057 626 5,871 3,415 2,888

Net Sales Booking (inc. JV) 10,016 42,978 14,683 13,297 11,266 3,731 22,365 28,185 22,679

- from TH&SDH 5,210 14,822 3,141 4,860 3,642 3,178 12,331 13,225 11,752

- from Condo 4,806 28,156 11,542 8,437 7,624 553 10,033 14,960 10,927

Revenue Recognition - 21,124 7,814 4,639 4,626 4,046 19,653 21,637 22,941

- from TH&SDH - 13,198 4,183 3,341 3,127 2,546 12,947 12,548 11,748

- from Condo - 7,926 3,631 1,298 1,498 1,499 6,706 9,090 11,193

Q1 2018 2017 Q2 2017 Q1 2017 2016 2015 2014

31st Mar

Beginning Backlog 36,070 19,008 28,888 22,379 17,117 19,008 19,584 8,039

Gross sales booking 3,390 25,474 10,442 7,866 6,829 337 5,075 12,167 8,112

Cancellation -346 -1,686 -684 -331 -261 -410 -913 -623 -73

Net sales booking - JV 3,044 23,788 9,758 7,535 6,567 -73 4,162 11,545 8,039

Revenue Recognition - -6,725 -2,576 -1,026 -1,306 -1,818 -4,738

Ending Backlog -JV 39,114 36,070 36,070 28,888 22,379 17,117 19,008 19,584 8,039

Q3 2017Q4 2017

Backlog by segment: AP

Q1 2018

12,865

8,307

4,558Low Rise

Condominium

Mill

ion

Bah

t

7

High Rise AP projects 2018F 2019F 2020F 2021F 2022F

Based on project completion 7,540 5,802 1,357 192 80

AP Condo Backlog 4,558 - - - -

% Secure 60% 0% 0% - -

Note: Data as of 31st March 2018

• 15 JV projects have been signed to date with THB 73.4 billion project value. Of which 12

projects have been launched with average take up at 90%

• 2018 we expect to transfer at THB 8.0m with “Share of profit from investments in JV” at THB

700 million. Two new projects will start to be transferred (“Life Asoke” & “Rhythm Ekkamai”)

• As of Mar 31st, backlog recorded at THB 39.1 billion for JV projects. Schedule of revenue

recognition is shown in below table.

Joint Venture with

8Note: Data as of 31st March 2018

Condo ProjectsProject value

(MB)Total units % unit sold *

Accumulated

transfer until

2017

2018F 2019F 2020F 2021F 2022F

Rhythm Sukhumvit 36-38 2,900 496 100% 99% 1% - - - -

Aspire Ratchada-Wongsawang 2,850 1,232 78% 71% 29% - - - -

Aspire Sathorn-Thapra 3,574 1,218 100% 100% - - - - -

Rhythm Asoke II 1,500 346 93% 76% 24% - - - -

Rhythm Rangnum 2,700 385 100% 24% 76% - - - -

Life Asoke 7,500 1,642 99% 0% 40% 60% - - -

Life Pinklao 2,900 803 55% 34% 35% 31% - - -

Rhythm Ekkamai 2,700 326 98% 0% 30% 70% - - -

Life Ladprao 7,600 1,615 86% 0% - - 40% 60% -

Life One Wireless 7,500 1,344 93% 0% - - 60% 40% -

Life Asoke - Rama 9 9,600 2,248 93% 0% - - 30% 50% 20%

Life Sukhumvit 62 2,000 438 90% 0% - 40% 60% - -

Based on project completion 53,324 90% 8,093 8,089 11,620 12,360 1,920

JV condo backlog (100%) 39,114 6,942 7,469 11,419 12,001 1,284

% Secure 86% 92% 98% 97% 67%

Condo backlog: AP + JV

80192

1,357

5,802

7,540

4,558

2022202120202018 2019

Backlog

Base completion

1,920

12,36011,620

8,0898,093

1,284

12,001

7,4696,942

11,419

202120202018 2019 2022

Base completion

Backlog

AP Condo Backlog JV Condo Backlog

86% 92% 98%60% 97%

9Note: Data as of 31st March 2018

67%

Total Condo Portfolio: 2018F 2019F 2020F 2021F 2022F

Condo AP projects 7,540 5,802 1,357 192 80

100% JV Condo 8,093 8,089 11,620 12,360 1,920

Based on project completion 15,633 13,891 12,977 12,552 2,000

AP Condo Backlog 4,558 4,558 - - - -

JV Condo Backlog 39,114 6,942 7,469 11,419 12,001 1,284

43,672 11,500 7,469 11,419 12,001 1,284

% Secure 74% 54% 88% 96% 64%

% Estimated Condo Transfer: New project to transfer in 2019

10Note: Data as of 31st March 2018

*

Ongoing Projects:

11Note: Data as of 31st March 2018

Total Portfolio:

12Note: Data as of 31st March 2018

Disclaimer:

This presentation may include information which is forward-looking in nature. Forward-lookinginformation involve known and unknown risks, uncertainties and other factors which mayimpact on the actual outcomes, including economic conditions in the markets in which AP(Thailland) and general achievement of AP (Thailand) business forecasts, which will cause theactual results, performance or achievement of AP (Thailand) to differ, perhaps materially, fromthe results, performance or achievements expressed or implied in this presentation.

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THANK YOU

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