MBKET Real Estate Day 7 March 2019 - IR Plus : Investor ... Investor Presentation MBKET Real Estate
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Transcript of MBKET Real Estate Day 7 March 2019 - IR Plus : Investor ... Investor Presentation MBKET Real Estate
MBKET Real Estate Day 7 March 2019
Venue : Anantara Siam Bangkok Hotel, Rajdamri
The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (“PLAT” or the "Company") to you solely for your reference. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and their respective affiliates or advisors. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and their respective affiliates or advisors.
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“ To be the leader in commercial property development sector with mixed use development to cover residential, office and hotel together with fill support for entrepreneur, social and environment by making the optimum return to shareholders, encouraging work life balance to employees, and looking for corporate partners to achieve the sustainable growth.”
MISSIONS To Support “Pratunum Trading District” development as a central
strategic location for the country.
To continue strengthen wholesale and retail shopping center management in all market segments.
To promote the holistic view of mixed used property development to meet business requirement for local and South East Asia.
To encourage the entrepreneurship, strategic partner engagement, and responsible for social , community, environment, employees and shareholders for sustainable growth.
To develop personnel potentiality in preparation for business expansion and instill employees to engage in corporate success by encouraging them to suggest new ideas and carry out into a brand innovation.
Choturangkool Family, 48%
Wijithanarak family, 11%
Limpiviwatkul family, 8%
Pongsuthimanus family, 4%
As of 28 Aug 2018
Rental & Service Wholesale & Retail
Food Center The Platinum Fashion Mall
Bangkok & Samui
The Neon Night Bazaar
Community Mall The Wharlf Samui
Office Building (Future Project)
Mixed use project
Well mixed with synergy support to each others
Diversified Business Portfolio
PLAT group’s business
Annual Tenant Meeting
Growth Company - 4 Hotels - 1 Retail - 1 Office Building
Thailand GDP grew by 3.7% in Q4/18 and 4.1% in 2018 , supported by faster spending in private consumption and investment, while government spending slowed and net external contributed negatively to GDP growth.
International Tourism Arrival increased by 5% YoY in Q4/18 to 9.73 Million and also increased by 7.5% YoY in 2018 to 38.3 Million with revenue from the arrival of international tourists of Baht 2.01 Trillion in 2018 (+10% YoY).
Thailand’s Consumer Confidence Index (CCI) down to 80.4 in Q4/18 down from 82.5 in Q3/18. Household debt remained high and affects the spending power of consumers.
Same-store sales growth(SSSG) of major retailers flat due to weak domestic consumption.
Bangkok’s total retail supply at end of year 2018 was over 7.6 million Sq.m. +3.7% YoY. (additional new supply of 250,000 Sq.m. in 2018). The occupancy rate was at approximately 94.8% which was driven by higher occupancy rate in downtown malls and expected to increase in 2019.
Source : CBRE, BOT, Ministry of Tourism & Sports
Q4/18 Revenue = 557 MB(+2% YoY), Net Profit = 198 MB (-2% YoY) Year 2018 Revenue = 2,117 MB(+3% YoY), Net Profit = 785 MB(+2% YoY)
Q4/18 SG&A per Total Revenue = 20% (+24% YoY) Year 2018 SG&A per Total Revenue = 18% (+9% YoY)
Q4/18 Group’s Revenue proportion : Rental & Serivce 60%, Hotel Business 22%, F&B 13%, Others 5%
Year 2018 Group’s Revenue Proportion: Rental & Service 63%, Hotel Business 20%, F&B 13%, Others 4%
Q4/18 GP Margin =GP Margin 64%, NP Margin 35% Year 2018 = GP Margin 64%, NP Margin 37%
Q4/2018 and Year 2018 Performance Review
The Market Project Update
Top Nationalities visited Thailand in 2018
1.62 1.63 1.82 2.01 2.2
2015 2016 2017 2018 2019 (F)
No.of foreign tourist Tourist receipt (Trillion Baht)
Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport Kasikorn Research 28 Jan 2019
Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport