OPPORTUNITY DAY RESULT Q2 2021
Transcript of OPPORTUNITY DAY RESULT Q2 2021
RESULT Q2 202117 AUGUST 2021
GRAND BRITANIA NONTHABURI STATION
OPPORTUNITY DAY1
OPPORTUNITY DAYRESULT Q2 2021
1. BUSINESS OVERVIEW
2. JOINT VENTURE STATUS
( TIMELINE TRANSFER OF JV PROJECTS )
3. HIGHLIGHT Q2 2021
4. PERFORMANCE Q2 2021
5. NEW PROJECT LAUNCH 2H 2021
6. TRANSFER PLAN 2021
7. BRITANIA GROWTH STORY
8. ORIGIN NEXT LEVEL (NEW BUSINESS)
9. PERFORMANCE TARGET 2021 - 2024F
17 AUGUST 2021
2
ORIGIN BUSINESS OVERVIEW
NEW BUSINESS
ORIGINNEXTLEVEL
TOTAL 100 PROJECTS
VALUE 146,215 MB.
9 PROJECTS
VALUE 23,700 MB.
55 PROJECTS
VALUE 20,596 MB.ESTIMATE REIT VALUEAS OF DECEMBER 2021F
(ORIGIN & JWD)
( PROMINENT ASSET MANAGEMENT )
15 PROJECTS
VALUE 62,668 MB
51 PROJECTS
VALUE 44,914 MB
11 PROJECTS
VALUE 12,055 MB
23 PROJECTS
VALUE 26,578 MB
BANGKOK PHAYATHAI
PHAYATHAI
RAMINTRA
RAYONG MAPTAPHUT
SANAMPAO
BANGKOK SUKHUMVIT
24
RAYONG MAPTAPHUT
RECURRINGHOTEL & OFFICE BUILDING
SERVICERESIDENTIALCONDOMINIUM & HOUSING
BANGKOK SUKHUMVIT
PHROMPHONG
ORIGIN GUNKUL ENERGY
(ORIGIN & GUNKUL)
3
OUR KEY PRODUCT OFFERING
> BT 200K / SQ.M.
BT 100 - 200K / SQ.M.
BT 60 - 100 K / SQ.M.
LUXURY
HIGH END
ENTRY-MID ENDBT 4 - 8 MB / UNIT
DETACHED / SEMI - DETACHED HOUSES / TOWNHOMES
BT 8 - 20 MB / UNIT
DETACHED HOUSES / SEMI - DETACHED HOUSES
BT 20 - 50 MB / UNIT
PREMIUM DETACHED HOUSES
BT 2.5 - 4 MB / UNIT
DETACHED HOUSES / TOWNHOMES
4
5
CONDOMINIUM 15 PROJECTS 42,826 MB.
TRANSFERRED 5 PROJECTS 7,420 MB. (71%)
KNIGHTSBRIDGECOLLAGE - RAMKHAMHAENG
2,080 MB.TRANSFER Q1 2020ACCUMULATE PRESALE 97%
KNIGHTSBRIDGEPRIME - RATCHAYOTHIN
1,652 MB.TRANSFER Q1 2020ACCUMULATE PRESALE 100%
KNIGHTSBRIDGEPRIME - ONNUT
2,600 MB.TRANSFER Q3 2020ACCUMULATE PRESALE 71%
KNIGHTSBRIDGESPACE - RATCHAYOTHIN
2,800 MB.TRANSFER Q4 2020ACCUMULATE PRESALE 80%
KNIGHTSBRIDGESUKHUMVIT - THEPHARAK
1,350 MB.TRANSFER Q2 2021ACCUMULATE PRESALE 64%
PARK ORIGINTHONGLOR
12,000 MB.TRANSFER Q1 2022ACCUMULATE PRESALE 74%
PARK ORIGINRATCHATHEWI
3,000 MB.TRANSFER Q2 2022ACCUMULATE PRESALE 95%
NEW
NEW
PARK ORIGINCHULA - SAMYAN
4,600 MB.TRANSFER Q3 2022ACCUMULATE PRESALE 98%
KNIGHTSBRIDGESPACE RAMA 4
2,405 MB.TRANSFER Q1 2024ACCUMULATE PRESALE 100%
TRANSFER Q4 2022ACCUMULATE PRESALE 71%
TRANSFER Q1 2023ACCUMULATE PRESALE 47%
THE ORIGIN SUKHUMVIT-SAILUAT E 22 STATION
1,600 MB.TRANSFER Q1 2023ACCUMULATE PRESALE 51%
THE ORIGIN PLUG & PLAY RAMINTRA
2,000 MB.TRANSFER Q2 2023ACCUMULATE PRESALE 56%
THE HAMPTON SRIRACHA BY ORIGIN AND DUSIT
1,600 MB.
THE ORIGINLADPRAO - BANGKAPI
1,900 MB.
NEW
SOHO BANGKOKRATCHADA
1,840 MB.TRANSFER Q3 2023ACCUMULATE PRESALE 92%
ORIGIN PLUG & PLAYRAMKHAMHAENG TRIPLE STATION
1,400 MB.TRANSFER Q3 2023PRESALE Q3 2021
TRANSFER
100%
NEW
6
STAYBRIDGE SUITESBANGKOK THONGLOR
ONE ORIGIN 24 & STAYBRIDGE SUITESBANGKOK SUKHUMVIT PHROMPHONG
INTERCONTINENTALBANGKOK SUKHUMVIT
ONE ORIGINPHAYATHAI
CI : Z INVESTMENT LIMITEDLIABILITY PARTNERSHIP
2,500 MB* 3,700 MB*
OPENING Q1 2020HOTEL 303 KEYSOCCUPANCY RATE ~57%
3,600 MB*
OPENING Q4 2023HOTEL 412 KEYSRETAIL&OFFICE 2,200 SQ.M
3,000 MB*
OPENING Q3 2022HOTEL 241 KEYS
OPENED ON Q3 2022HOTEL 155 KEYSSERVICE APARTMENT 256 KEYSRETAIL&OFFICE 4,380 SQ.M
* ESTIMATE BY REIT VALUE* ESTIMATE BY REIT VALUE* ESTIMATE BY REIT VALUE* ESTIMATE BY REIT VALUE
NEW
HOTEL 4 PROJECTS 12,800 MB.
AS OF JUNE 2021
7
HOTEL AND SERVICE APARTMENT 303 KEYS
AVERAGE OCCUPANCY RATE ~57%( AS OF JUNE 2021 )
HOTEL 347 KEYS
AVERAGE OCCUPANCY RATE ~52%( AS OF JUNE 2021 )
UPDATE HOTEL STATUS STAYBRIDGE SUITES BANGKOK THONGLOR / HOLIDAY INN & SUITES SIRACHA LAEMCHABANG
8
9
1 2 3 4
5 6 7 8
OFFICIAL PRESALE
ACCEPTING PAYMENTIN CRYPTOCURRENCY
NEW HIGH HOUSING TRANSFERRED
NEW HIGH NP (COVID-19 PERIOD)
STRONG BALANCE SHEET(LOWEST IBD/E ~1.2X)
MARKETING CAMPAIGNONLINE PLATFORM
OFFICIAL PRESALE NEW 2 JV PROJECTS TRANSFERRED NEW JV PROJECT
ACC. PRESALE
~500 MB. PHAYATHAI
JV, JOINT VENTURE
HIGHLIGHT Q2 2021
1ST INVESTMENT PROPERTY
75% SOLD( WITHIN 5 MONTHS )
852 MB.924 MB.
10
BOOKING BOOKING BOOKING320 UNITS, 1,137 MB. 24 UNITS, 263 MB. 19 UNITS, 214 MB.
( 75% ) ( 40% ) ( 56% )AS OF JUNE 2021 AS OF JUNE 2021 AS OF JUNE 2021
JV, JOINT VENTURE
OFFICIAL PRESALE : 3 PROJECTS
FROM LAUNCHING UNITS FROM LAUNCHING UNITS
11
PROJECTVALUE
MB1,840
NEW JOINT VENTURE PROJECTS
94% SOLD
12
Tokyu Land Asia Company Limited is a real estate development and Investment company in Southeast Asia. Which is a subsidiary company ofTokyu Land Corporation, One of the real estate developer from Japan with 68 years of experience under Tokyu Fudosan Holding Corporation,which listed in Japan Stock Exchange Which is one of the companies in the Nikkei 225 index, has a asset value at the end of the latest financialyear of Japan (31 March 64) about 2,652 billion yen or about 790 billion baht.
ONE ORIGIN PHAYATHAIGRAND OPENING Q4/2023
3,600 MB**ESTIMATE BY REIT VALUE
IHG DUAL BRANDED HOTELHOTEL INDIGO 210 KEYSHOLIDAY INN EXPRESS 202 KEYS
RETAIL & OFFICE 2,200 SQ.M.
NEW JOINT VENTURE PROJECTS NEW
PARTNER
ACCEPTING PAYMENT IN CRYPTOCURRENCY
CUSTOMER WALLET
TRANSFERCOIN
ORIGINWALLET
CONVERT COIN TO BAHT
IMMEDIATELY
TRANSFER PROPERTY
14
MARKETINGCAMPAIGN
“CONDO NA LIVE”
PRESALE ~200 MB.
15
NEW HIGH HOUSING TRANSFERRED
Q2 2021 : 924 MB. ACCUMULATE TRANSFERRED HOUSING PROJECTS
1H 2021+36%YOY
Q1
719 MB.
1,296 MB.
1,840 MB.
1,078 MB.
1,557 MB.
2,339 MB.
4,000 MB.
TARGET TRANSFER
1,759 MB.
537 MB.
Q2
2019
2020
202IF
Q3 Q4
CAGR( 2017-2021F )
+337%
835 MB.
431 MB.
16
17
PROJECT LAUNCHED
4,400 MB.3 PROJECTS
CONDOMINIUM
1,600 MB.1 PROJECT
HOUSING
2,800 MB.2 PROJECTS
PRESALE
8,101 MB.
CONDOMINIUM
6,035 MB.
HOUSING
2,066 MB.
TRANSFER ACTIVITIES
3,962 MB.
TRANSFERNON-JV PROJECTS
3,085 MB. 876 MB.
TRANSFERJV PROJECTS
NET PROFIT
( NP 22.4% )
HIGHEST NET PROFIT SINCE 2020( COVID-19 PANDEMIC )
( +15%YoY, -2%QoQ )
( +20%YoY, +3%QoQ )
3,801 MB.
852 MB.
TOTAL REVENUE
ORIGIN - PERFORMANCE Q2 202118
6,035 MB.
CONDOMINIUM
75%2,066 MB.
HOUSING
25%5,821 MB.
READY TO MOVE
72%2,280 MB.
ON GOING
28%
TOTAL
8,101MB.
(+23% YOY,+6% QOQ)
PRESALE Q2 202119
PRESALE Q2 2021 : 8,101MB
Q1 2021
+58% YoY
1,009MB.2,605MB.
4,852MB.6,557MB.
8,985MB.
11,430MB.
13,063 MB.
2,065MB.
4,348MB.
7,677MB.
9,755MB.
12,724 MB..
15,778 MB.18,XXX MB.
JAN FEB MAR APR MAY JUNE JULY
2020
2021
COMPARISON OF ACCUMULATE PRESALE BETWEEN 2020 & 2021 DURING COVID-19 PANDEMIC
1H 2021
+38% YoY
AC
CU
MU
LA
TE
PR
ES
AL
E
62% OF TARGET
20
JV, JOINT VENTURE
TRANSFER FROMJV CONDOMINIUM
876 MB
55%23% 22%
TRANSFER FROMCONDOMINIUM
2,161 MB
TRANSFER FROMHOUSING
924 MB
TRANSFER ACTIVITIES Q2 2021TOTAL 3,962 MB. (TRANSFER NON JV PROJECT 3,085 MB. / TRANSFER JV PROJECT 876 MB.)
21
TRANSFER ACTIVITIES 1H 2021TOTAL 8,390 MB. (TRANSFER NON JV PROJECT 6,531 MB. / TRANSFER JV PROJECT 1,859 MB.)
1H 2020 1H 2021
7,225 MB
5,041 MB
JV 2,184 MB
NON-JV6,531 MBNON-JV
JV 1,859 MB
8,390 MB
+16% YoY
22
KEY FINANCIAL HIGHLIGHT Q2 202123
KEY FINANCIAL HIGHLIGHT Q2 2021
ORIGIN CAN MANAGE EXPENSES LOWER THAN THE PREVIOUS YEAR CONTINUOUSLY
Q4 2020 Q12021 Q2 2021
16.00%
14.80%14.20%
%SG&A
24
KEY FINANCIAL HIGHLIGHT Q2 2021
5,000
Y2020 Q1 2021 Q2 2021 Q2 2020 Q2 2021 Y2020 Q1 2021 Q2 2021 Q2 2020 Q2 2021
Y2020 Q1 2021 Q2 2021 Q2 2020 Q2 2021 Y2020 Q1 2021 Q2 2021 Q2 2020 Q2 2021
- -
-
2000 500
1,000
1,500
2,000
2,500
3,000
0
4000
6000
8000
10000
12000
10,000
15,000
20,000
25,000
30,00025,774 11,114
9,870
7,677
+6% QoQ +23% YoY
+3% QoQ +20% YoY
-2% QoQ +15% YoY
3,869 3,801 3,292 3,801
3,446 3,085 3,088 3,085
8,1016,578
8,101
PRESALE TOTAL REVENUE
REVENUE FROM SALE NET PROFIT
2,000
4,000
6,000
8,000
10,000
12,000
2,662
825
21.3%
24.0%
UNIT: M.BahtUNIT: M.Baht
UNIT: M.BahtUNIT: M.Baht
22.4% 21.5% 22.4%
852 707 852
-10% QoQ -0% YoY
25
KEY FINANCIAL RATIO Q2 2021
42.9%45.3%
35.4%40.7%
43.5%
36.1% 36.0%33.8%
18.8% 19.9% 20.2% 20.1% 21.4%24.0%
21.3% 22.4%
Y2015 Y2016 Y2017 Y2018 Y2019 Y2020
% GP
% NP
PPA EFFECT FROMAQUISITION OF PARK24 PROJECT
Q2 2021
TRANSFER HOUSING ~30%
TRANSFER PARK24(PPA COST) ~20%
Q1 2021
26
IBD/E CONTINUOUSLY LOWER THAN BANK / BOND COVENANT
ORIGIN LEVERAGE RATIO Q2 2021
Bond Covenant : IBD/E <=2.5 times
Y2018
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00Y2019 Y2020 Q1 2021
ORIGIN LEVERAGE RATIOS (IBD/E)
1.42 1.47 1.35 1.30 1.20
Estimate Y2021F = 1.1X
Q2 2021
27
Bond Covenant : (IBD-CASH)/E <=2.5 times
Y2018
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00Y 2019 Y 2020 Q1 2021
ORIGIN LEVERAGE RATIOS (IBD-CASH)/E
1.22 1.35 1.28 1.16 1.12
Estimate Y2021F = 1.1X
Q2 2021
(IBD-CASH)/E CONTINUOUSLY LOWER THAN BANK / BOND COVENANT
ORIGIN LEVERAGE RATIO Q2 2021 28
ENDING CASH BALANCE Q2 2021MINIMUM CASH POLICY : 500 -1,000 MB.
1,370
987
1,318 1,3301,061
2,211
1,411
808
1,831
963
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021
29
STRONG BACKLOG : 34,679 MB100% OF TARGET TRANSFER 2021 & RECOGNIZE REVENUE TILL 2024
NON JV PROJECT
2021
9,410 MB.TOTAL
12,800 MB.TARGET TRANSFER
5,XXX MB.TARGET TRANSFER
JV PROJECT
ACTUAL6,531 MB.
ACTUAL1,859 MB.
BACKLOG3,141 MB.
BACKLOG6,269 MB.
2022-2024TOTALNON JV PROJECTJV PROJECT
25,269 MB.2,976 MB.
22,293 MB.
30
31
BRIXTONKASET SRIRACHA CAMPUS
BRIXTONBANGSAEN
Q1 2021 Q2 2021 Q3 2021 Q4 2021
Sukhumvit 107
JV, JOINT VENTURE
PROJECTS LAUNCH 2021 20 PROJECTS 20,000 MB.32
PROJECT VALUE : 1,400 MB.TOTAL UNIT : 482 UNITS( 2.90 MB./UNIT )
PROJECT VALUE : 1,300 MB.TOTAL UNIT : 452 UNITS( 2.88 MB./UNIT )
PROJECT VALUE : 480 MB.TOTAL UNIT : 237 UNITS( 2.02 MB./UNIT )
NEW PROJECTS LAUNCH Q3 2021
JV, JOINT VENTURE
33
สถานีลำสาลี
สถานีลำสาลี สถานีลำสาลี
PRIVATE RESIDENCE FIRST PROJECT WITH
100%DUO SPACE
NEXT NORMAL : SPACES
ORANGE YELLOW BROWN
CLOSE TO 3 MRT LINES
280 M. 482 UNITS
ONLY
IN LAM SA LI AREA
SUPPORT STARTUP ANDIMPROVE CONVENIENCE
FOR NEW NORMALWORK FROM HOME
TRANSPORTATION HUB
PROJECT HIGHLIGHT 34
ONLY 3 MINUTESTO BTS BEARING
7 MINUTESTO BTS SAMRONG
INTERCHANGE WITHYELLOW LINE
ONLY ONE CONDOMINIUMPROJECT DESIGNED
PET FRIENDLYCONDOMINIUM
AROUND BEARING(PET FACILITIES & PET CARE)
PRIVATERESIDENCE
IN EACH BUILDING
ONLY~70 UNITS
LIVING & PETSOLUTIONS
PROJECT HIGHLIGHT
COLLABORATE WITHBEARING PET HOSPITAL
35
PROJECT VALUE : 700 MB.TOTAL UNIT : 122 UNITS ( 5.74 MB./UNIT )
PROJECT VALUE : 700 MB.TOTAL UNIT : 99 UNITS ( 7.07 MB./UNIT )
RATCHAPRUEK-NAKHON IN
NEW PROJECTS LAUNCH Q3 202136
37
Q1 2021 Q2 2021 Q3 2021 Q4 2021
Sukhumvit 107
PROJECTS TRANSFER 202112 CONDOMINIUM & 10 HOUSING PROJECTS WITH BACKLOG 9,410 MB.
JV, JOINT VENTURE
38
39
BRITANIA JOURNEY
1.10 ป�
“บริทาเนีย” ก�อต้ังข้ึนในป� 2560
เป�ดตัวโครงการแรก BRITANIA ศรีนครินทร� ขายหมดภายใน 1.8 ป�
เป�ดตัว 2 โครงการ ครอบคลุม บ�านเดี่ยว บ�านแฝด และทาวน�โฮม
พัฒนาโครงการภายใต� Concept
“A Life You Love”แปรสภาพเป�นมหาชนเตรียมความพร�อมย่ืน
IPO
พัฒนาโครงการครอบคลุม
4 Segments
40
BRITANIA JOURNEY
CAGR(2017-2021F)
+86%
41
3,062
6,000 6,200
10,450
2018 2019 2020 2021F
PROJECT LAUNCHED (MB)
1,174
3,120
6,3513,844
2018 2019 2020 2021F
PRESALE (MB)TARGET
4,156
ACTUAL 1H 2021
8,000
513
1,557
2,336 2,240
2018 2019 2020 2021F
TRANSFERRED VALUE(MB)4,000TARGET
1,760
ACTUAL 1H 2021
72
207
349
287.7
2018 2019 2020 2021F
NET PROFIT(MB)
ACTUAL 1H 2021
BRITANIA JOURNEY42
BRITANIA JOURNEY
Home Automation Living Solution & After sale service
Home function design
HUMAN CENTRIC STRATEGY
Common area &Club house
43
ORIGINHEALTHCARE
ALPHA INDUSTRIALSOLUTIONS
ORIGINENERGY
PROMINENT ASSETMANAGEMENT
BUSINESSEXPANSION
PRIMO INSURANCEBROKER
ORIGIN NEXT LEVEL44
NEW BUSINESS ORIGIN HEALTHCAREBEAUTY & SMART HEALTHCARE CENTER
CHEVA PLUSAESTHETIC • SKIN CARE • ANTI-AGING
REHAB CENTER • NURSING CARE SPECIALHOSPITAL • SERVICE WELLNESS RESIDENCE
PORTOBELLO MALL, SRIRACHATARGET OPENING : Q4 2021
TARGET OPENING : Q4 2021MERCURY VILLE, BTS CHIT LOM
ORIGIN WELLNESS COMPLEXSUKHUMVIT107
TARGET OPENING :Q1 Y2022
ORIGIN WELLNESS COMPLEXRAMINTRA
TARGET OPENING :Q4 Y2023
45
TELE CONSULT • SLEEP TEST • MASSAGE BEAUTY ON DEMAND
TARGET OPENING Y20211. PARK ORIGIN PROMPONG (PARK24)2. STAYBRIDGE SUITES BANGKOK THONGLOR3. HOLIDAY INN & SUITES SIRACHA LAEMCHABANG
WELLNESS SERVICE PLATFORM1. BEAUTY ON DEMAND (CHEVA PLUS) • TREATMENT • MASSAGE • DRIP VITAMIN
2. TELE CONSULT (HOSPITAL, REHAB CENTER) • TELE CONSULT • TELE MED • TELE REHAB
3. HEALTH MONITOR/RECORD (FITNESS) • SMART FITNESS • SMART WATCH
ORIGIN HEALTHCARE CLUB
NEW BUSINESS ORIGIN HEALTHCARE46
5 YEARS PROJECTION
NEW BUSINESS ORIGIN HEALTHCARE
140 MB.
250 MB.
290 MB.
330 MB.
2021F 2022F 2023F 2024F 2025F
NET PROFIT
ACCUMULATE EQUITY (100%)
TOTAL
(ORI EQUITY HOLDER : 92%)
90 MB. 350 MB. 400 MB. 450 MB. 500 MB. 500 MB.
TARGET IPO2024F
START INVESTMENT
*ORIGIN HEALTHCARE WILL TAKE EQUITY FROM JV COMPANY
47
STORAGE CAPACITY
CAPEX
BANGNA KM. 22
LOCATION
20,000 SQ.M
550 MILLION
BAHT
EXPECTED OPERATE
NEW BUSINESS LOGISTICS CENTERALPHA INDUSTRIAL SOLUTION
FIRST PROJECTMulti-Temperature Cold Storage &
Temperature Controlled Warehouse
Q2 2022
Multi-Temperature Cold Storage • Temperature from -20c to +4c• Floor area : 5,000 sq.m• ASRS : 4,872 pallets
Temperature Controlled Warehouse• Temperature from +15c to +30c• Floor area : 15,000 sq.m• ASRS : 4,512 pallets
48
REITAND
VALUATION
( AVAILABLE FOR SALE FOR 5 YEARS )
REIT VALUE
~12,000 MB. ~12,000 MB.
TARGET IPO : Y2024-2025FESTIMATED MARKET CAP.
NEW BUSINESS LOGISTICS CENTERALPHA INDUSTRIAL SOLUTION
49
NEW BUSINESS FINANCIAL
INVESTMENT ANDMANAGEMENT OF NON-PERFORMING DEBTS BUSINESS
BANK, FINANCIAL INSTITUTIONS• SOURCE OF NPL, NPA• NEW LOAN• REFINANCING
AMC ALLIANCE
• DEBT RESTRUCTURING• DEBT TRACKING & COLLECTIONS SERVICE• NANO FINANCE PERSONAL LOAN
PROMINENT ASSET MANAGEMENT PRIMO INSURANCE BROKERPROMINENT CAPITAL
50
NEW BUSINESS AMC & LAND LOANPROMINENT ASSET MANAGEMENT (PAM)
5 YEARS PROJECTION
30 MB.
150 MB.
300 MB.
400 MB.
450 MB.
2021F 2022F 2023F 2024F 2025F
REVENUE
300 MB. 800 MB. 1,000 MB. 1,200 MB. 1,200 MB. 1,200 MB.
TOTAL
TARGET IPO2024F
ACCUMULATE EQUITY (100%)
49% - 51% 49% - 51% 49% - 51% 49% - 51% %NP
51
NEW BUSINESS INSURANCEPRIMO INSURANCE BROKER
13 MB.50 MB.
100 MB.
200 MB.
400 MB.
2021F 2022F 2023F 2024F 2025F
REVENUE
5 YEARS PROJECTION
TARGET IPO2024F
%NP 59% - 61% 59% - 61% 59% - 61% 59% - 61% 59% - 61%
52
NEW BUSINESS ORIGIN ENERGY
PRIVATE PPABUSINESS MODEL
PARITY EV - CHARGERSTATION IN BUILDING
FOR CONDOMINIUM14 PROJECTS , 30 BUILDINGS
TARGET 2021-2022F
PEER TO PEERENERGY TRADING FOR HOUSING
1 VILLAGETARGET 2021-2022F
200 CHARGERSTARGET 2021-2022F
53
NEW BUSINESS ORIGIN ENERGY ALTERNATIVE ENERGY BUSINESSLIQUEFIED NATURAL GAS (LNG)
• Procurement, import and distribution of liquefied natural gas alternative energy• Engineering design, procurement, import and distribution/ station construction and/or equipment
related to liquefied natural gas• Invest in the construction of stations, equipment, or liquefied natural gas related activities
Transportation,Engineering design, Procurement and Construction
Gas StationProcurement/ Import LNG
54
PRIMO SERVICE SOLUTIONS
GROUP STRUCTURE
• Interior Decoration
• Moving Services• Property Management
• Leasing Services
• Project Consultancy
• Project Marketing
• Project Sole Agent
• Co-Agent
• Academy
• Premium Property
Management
• Resales Services
• Leasing Services
• Service ApartmentManagement
• Cleaning Services
• Laundry Services
• Inspection Services
• Fabrication Services
• Construction & ProjectManagement • Hotel & Residence
Management
• Uno Land (Land Agency)
• UNO24 (Vending Machine)
• U PARKING
• Wyde Int. (Interior)
New Business
55
PRIMO SERVICE SOLUTIONS
5 YEARS PROJECTION
380 MB.
600 MB.
750 MB.
900 MB.1,000 MB.
2021F 2022F 2023F 2024F 2025F
REVENUE
TARGET IPO2022-2023F
24% - 26% 29% - 31% 32% - 34% 32% - 34% 32% - 34%%NP
56
ONE ORIGIN
BANGKOK SUKHUMVIT
NEWJOINT VENTURE
GRAND OPENING YEAR20202018 2022 2023 2024
Ci:z Investment LimitedLiability Partnership
( Shi - i - zu )
COMMUNITY MALL
RAYONG MAPTAPHUTPHAYATHAIBANGKOKSUKHUMVIT
24
BANGKOK SUKHUMVIT
PHROMPHONG
BANGKOK PHAYATHAI
SANAMPA ORA MINTRA
WELLNESS COMPLEX & RESIDENCES
OFFICE BUILDING
~650 KEYS
~650 KEYS
NUMBER OF KEYS / YEAR
ACCUMULATE NUMBER OF KEYS
RETAIL & OFFICE :
~48,500 SQ.M. (LETTABLE AREA)
~652 KEYS
~ 1,302 KEYS
~616 KEYS
~1,918 KEYS
~372 KEYS
~2,290 KEYS
OVERVIEW & PIPELINE 2018-2024F2024F
57
ONE ORIGIN
5 YEARS PROJECTION
1,200 MB.1,550 MB.
2,500 MB.
2,900 MB.
3,500 MB.
2021F 2022F 2023F 2024F 2025F
REVENUE
TOTAL
2,318 MB. 2,968 MB. 2,968 MB. 2,968 MB. 2,968 MB. 2,968 MB.ACCUMULATE EQUITY and SHAREHOLDER LOAN (100%)
26% - 28% 44% - 46% 29% - 31% 29% - 31% 29% - 31%%NP
REIT TARGET PHAYATHAI
24BANGKOK SUKHUMVIT
58
% NET PROFIT
REVENUE FROM SALE
% GROSS PROFIT
*TRANSFER FROMJV PROJECT
2020 ACTUAL 2022 TARGET 2023 TARGET
11,119 MB 17,500 MB 20,000 MB
9,871 MB 15,000 MB 17,000 MB
36.1% 36% - 37% 36% - 37%
5,216 MB 11,XXX MB 11,XXX MB
2021 TARGET
12,800 MB
36% - 37%
5,XXX MB
PERFORMANCE TARGET 2021-2024F
TOTAL REVENUE
IBD/E
24% 23% - 25% 24% - 26%N/A
1.35 1.1X 1.0X 0.9X
14,000 MB
19,000 MB
23,000 MB
24% - 26%
0.8X
2024 TARGET
36% - 37%
1X,XXX MB
59