1
Investor Presentation
MBKET Real Estate Day7 March 2019
Venue : Anantara Siam Bangkok Hotel, Rajdamri
Disclaimer
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. Neitherthis 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 anymeans; 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 respectiveaffiliates 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 suchdocuments are provided without express consent from the Company and their respective affiliates or advisors.
Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice,its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of itsrespective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates make any representation or warranty (express or implied) regarding, nor assumes anyresponsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (innegligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents.
This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation ofany offer to or recommendation to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision inrelation thereto in Thailand or any other jurisdiction. Any recipient considering a purchase of securities is hereby reminded that any such purchase should be made solely on the basis of the informationcontained in the final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. The information in thispresentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice.
In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are notstatements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views arebased on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many casesoutside the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by suchstatements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are notguarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company inthe forward looking statements. You are cautioned not to place undue reliance on these forward looking statements.
In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct anyinaccuracies therein which may become apparent.
None of PLAT or any of their respective affiliates or other advisors accepts any liability to any person in relation to the granting of access to, or possession of, this document in any jurisdiction.
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“ To be the leader in commercial property development sector with mixed usedevelopment to cover residential, office and hotel together with fill support forentrepreneur, social and environment by making the optimum return toshareholders, encouraging work life balance to employees, and looking forcorporate partners to achieve the sustainable growth.”
3
PLAT’S VISION
MISSIONS To Support “Pratunum Trading District” development as a central
strategic location for the country.
To continue strengthen wholesale and retail shopping centermanagement in all market segments.
To promote the holistic view of mixed used property development tomeet 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.
Major Shareholders
Choturangkool Family, 48%
Wijithanarak family, 11%
Limpiviwatkul family, 8%
Pongsuthimanus family, 4%
Institutional Investors,
14%
Others, 15%
2,800,000,000Shares
As of 28 Aug 2018
PLAT’S Profile
Symbol “PLAT”
4
Rental & ServiceWholesale & Retail
Food CenterThe Platinum Fashion Mall
HOTEL
Bangkok & Samui
Night Market
The Neon Night Bazaar
Community MallThe Wharlf Samui
1
3
Office Building(Future Project)
Mixed use project
5
2
4
6
Well mixed with synergy support to each others
Diversified Business Portfolio
PLAT group’s business
5
6
Location
Annual Tenant Meeting
SME Empowering
Prime Location
PLAT’s strengths
Tenants Supports
Low D/E
Low Risk
Growth Company- 4 Hotels- 1 Retail- 1 Office Building
7
Executive Summary
Industry
Thailand GDP grew by 3.7% in Q4/18 and 4.1% in 2018 , supported by faster spending in privateconsumption and investment, while government spending slowed and net external contributednegatively to GDP growth.
International Tourism Arrival increased by 5% YoY in Q4/18 to 9.73 Million and also increased by7.5% YoY in 2018 to 38.3 Million with revenue from the arrival of international tourists of Baht 2.01Trillion 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. (additionalnew supply of 250,000 Sq.m. in 2018). The occupancy rate was at approximately 94.8% which wasdriven by higher occupancy rate in downtown malls and expected to increase in 2019.
Source : CBRE, BOT, Ministry of Tourism & Sports
8
Executive Summary
Business
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%
AGENDA
Industry Update
Q4/2018 and Year 2018 Performance Review
Outlook
The Market Project Update
Q&A
Appendix
9
Top Nationalities visited Thailand in 2018
10
11
29.9
32.5
35.438.3
41.1
1.62 1.63 1.82 2.01 2.2
-30
-25
-20
-15
-10
-5
0
5
0
5
10
15
20
25
30
35
40
45
2015 2016 2017 2018 2019 (F)
No.of foreign tourist Tourist receipt (Trillion Baht)
Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and SportKasikorn Research 28 Jan 2019
12
Thailand’s International Tourist Arrivals
Source: Ministry of Tourism and Sport
International Tourism Arrival increased by 7.5% YoY in 2018 to 38.3 Million
Chinese tourist arrivals to Thailand bounced back quickly toward the end of 2018, thanks to a concerted effort by the private and public agencies in helping shore up confidence of Chinese tourists toward Thailand and an exemption of visa-on-arrival fee for citizens of 20 countries, including China.
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
JAN FEB MAR APR MAY JUN JULY AUG SEP OCT NOV DEC
2013 2014 2015 2016 2017 2018
AGENDA
Industry Update
Q4/2018 and Year 2018 Performance Review
Outlook
The Market Project Update
Q&A
Appendix13
1,0971,757 1,787
2,507 2,273
216
BEFORE 2018 2018 2019 2020 2021 2022
2021 onwards
4-Year Plan Capital Expenditures (Project Investment)
20202019
32,938 Sq.m.288 Hotel Keys
62,282 Sq.m.288 Hotel Keys
62,282 Sq.m.617 Hotel Keys
106,982 Sq.m.1,583 Hotel Keys
14
2018
34,282 Sq.m.288 Hotel Keys
2015-2017
Unit : MB
1,0971,757 1,787
2,507 2,273
216
BEFORE 2018 2018 2019 2020 2021 2022
2019 Projects in pipeline Investment
15
1,262 MB
512MB
13MB
Others
Unit : MB
Operate Ownership Leasable Area (sq.m.)
Avg Rental Rate %OCC
The Platinum Fashion Mall
Dec 2005 Freehold 23,087 3,175(Q4/2018: 3,156)
98%(Q4/2018: 98%)
Wharf Samui Jan 2015 Leasehold 5,423 640(Q4/2018: 626)
38%(Q4/2018: 37%)
Neon Night Bazaar Phase 1:Dec 2016Phase 2: Dec 2018
Leasehold 5,772 1,667(Q4/2018: 1,708)
87%(Q4/2018: 88%)
Novotel Platinum Pratunam
Nov 2011 Freehold 288 keys 3,502 (Q4/2018: 3,792)
91%(Q4/2018: 91%)
Current Projects (Year 2018)
16Note : Neon Night Bazaar Phase 2 was opened on 15 December with additional NLA 1,344 Sq.m.
Investment value(MB)
Tentative Opening Ownership Leasable Area
The Market Retail Phase 1 3,400 14 February 2019 Leasehold 30 +30 Years ended 2079
28,000 sq.m.
The Market Retail Phase 2 1,000 Q2/2021 Leasehold 30 +30 Years ended 2079
6,700 sq.m.
The Platinum Tower @ M2
1,900 Q2/2021 Leasehold 30 +30 Years ended 2079
38,000 sq.m.
Fairfield by Marriot@ M3
1,300 Q2/2021 Leasehold 30 +30 Years ended 2079
434 keys
Moxy Hotel @ M1
1,400 Q2/2021 Leasehold 30 +30 Years ended 2079
532 keys
Holiday Inn Resort Samui 425 Q3/2020 Freehold 127 keys
Holiday Inn Express 475 Q3/2020 Freehold 202 keys
Projects in pipeline
17
In December 2018, Neon Phase 2 contributed additional NLA 1,344 Sq.m. In February 2019, The leasable area from Rental &Service business will increase from 34,282 sq.m. to 62,282 sq.m. (+82%)
from The Market Bangkok (M1,M2 building).
23,087 23,087 23,087 23,087 23,087
5,423 5,423 5,423 5,423 5,423
4,4285,772 5,772 5,772 5,772
28,000 28,000
34,700
38,000
2017 2018 2019 2020 2021
Platinum Fashion Mall The Wharlf Samui Neon Night BazarRetail@The Market The Platinum Tower (office)
Expansion Plan –Rental & ServiceRental & Service Business ( Sq.m. Leasable Area)
Y201732,938
Y201962,282
Y201834,282
Y2021106,982
Y202062,282
18
Expansion Plan- HotelHotel Business (Keys)
288 288 288 288 288
127 127
202 202
434
532
2017 2018 2019 2020 2021
Novotel BKK Holiday Inn Resort samui Holiday Inn Express Samui Fairefield @ M3 Moxy @ M1
Y2017288
Y2019288
Y2018288
Y20211,583Y2020
617
19
In year 2020, there will be 329 additional keys from Holiday Inn Samui. In year 2021, there will be another 2 hotels in The Market Bangkok project with 966 keys from Moxy
Hotel on M1 and Fairfiled by Marriott on M3 Building.
69 166 250 438
630 704 772 785
203 203 199 186 198
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
272 432 503 719
950 1,043 1,171 1,177
321 301 297 280 299
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Financial Summary
670 1,015 1,169
1,445 1,768 1,863 2,059 2,117
545 531 517 512 557
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Unit :Million Baht
EBITDA Margin
Net Profit Margin
41% 43% 43% 50% 54%
10% 16% 21% 30% 36%
56%
38%
54%57%
37%
59%
35%
Overview
57%
38%
58%
38% 37% 36%
56% 55%
+13 MB,+2% YoY
+58MB,+3% YoY
20
-5 MB,-2% YoY
+12 MB,+2% YoY
37%
-22 MB,-7% YoY+6 MB,
+0.5% YoY
Net Profit
Ebitda
Revenue
59%
20%
13%
8%
670
1,015
1,169
1,445
1,769 1,863
2,059 2,117
2011 2012 2013 2014 2015 2016 2017 2018
Rental and Services Hotel Business Food and Beverage Others
Note: Revenue from hotel business includes both room revenue and Novotel F&B revenue
Unit : Million Baht
Revenue Breakdown
545 531
517 512
557
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Rental and Services Hotel Business
Food and Beverage Others
59%61%
57%
39%
3%
43%
28%
25%
4%
45%
26%
24%
5%
63%
17%
16%
4%
59%
13%
19%
9%
1%
20%
13%
5%
59%
13%
20%
8%
Key
Highlights
Financial
Highlights
Business
Overview
Future
Projects
62%
12%
21%
5%
65%
13%
19%
3%13%
63%
20%
4%
65%
21%
13%
1%
21
60%
22%
13%
5%
296
454
582
836
992 1,068
1,213 1,307
338 323 319 326 336
2011 2012 2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
64%
-2 MB,-0.6% YoY
Gross profit Margin 63% 64%66%46% 47% 52% 60% 61% 62% 62%
Unit : Million Baht
64% 64%
22
+94 MB,+8% YoY
Gross Profit from Core Business
64 62 51 58 66
181
209 237
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 2016 2017 2018
Unit :Million BahtCore Business
259 247 253 252 252
837 941
1,005
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 2016 2017 2018
Gross Profit from Rental Business Gross Profit from Hotel Business
Gross Profit from Food & Beverage Business
-7 MB,-3% YoY
16 14 15 16 18
50
63 65
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 2016 2017 2018
+2 MB,+3% YoY
+2 MB,+12% YoY
23
+64 MB,+7% YoY
+28 MB,+13% YoY
+2 MB,+3% YoY
24
% GP of Core Business
69%
76% 76% 76% 75% 75% 77% 75% 76% 76% 75%
50%
40%45%
50% 53%
55% 57% 56%53% 54%
55%
24%19%
21% 20%
24% 24%25%
22%23% 24% 25%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2013 2014 2015 2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Rental &Service Hotel F&B
RENTAL & SERIVICE
F&B
HOTEL
25
Business Type The Biggest wholesale and retail fashion shopping mall over 2,600 shops where had opened since November 2005
The Platinum Fashion Mall
26
53,156.82 53,093 52,512 53,667 54,263 56,448
67,035 66,372 70,481
67,925 63,731
68,454
76,656
62,553.00
10%
6%8%
-2%
9%
18%17%
24%
27%30%
22%
18.00%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec AVG
2017 2018 variance
R Walk Traffic
Average No. of tourism traffic on R Walk Year 2018 was 62,553 people per day, increasing 18% YoY. Q4/2018 was 69,614 people per day, increasing 23% YoY
27
Platinum Fashion Mall Traffic
0
50
100
150
200
250
300
350
400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
No. of Bus
2560 2561
0
200
400
600
800
1000
1200
1400
1600
1800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
No. of Van
2560 2561
No. of Bus visiting the Platinum Fashion MallYear 2018 : 3,075 bus +14% YoYQ4 2018 : 752 bus +11% YoY
No. of Van visiting the Platinum Fashion MallYear 2018 : 14,936 van +16% YoYQ4 2018 : 3,591 van -1% YoY
12,863
14,936
No. of Van
2017 2018
16%
2,701
3,075
No. of Bus
2017 2018
14%
28
2,974 3,101
3,175 3,153 3,183 3,184 3,175 3,156
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Baht per sq.m. per month+74 Baht,+2% YoY
Occupancy Rate
Rental Rate
The Platinum Fashion Mall
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
98% 98% 98% 99% 98% 99% 99% 98%
29
3,525 Sq.m.
4,071 Sq.m
2,7162,163
2,484
1,000 997
1,1331,282
2,158
3,303
Q3/18 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q4/22 Q3/23 Q4/23
Lease area(Sq.m.) AVG Rental rate (Baht/Sqm)
The Platinum Fashion MallExpiring Schedule and average rental rate of long-term contract
30
Breakdown by Category
As of 31 Dec 18As of 31 Dec 2018
The Platinum Fashion Mall
By Area By Shop
Fashion clothes and accessories
67%
Storage15%
restuarants9%
Banks3%
Services4%
Others 2%
Fashion clothes and accessories
75%
Storage15%
restuarants3%
Banks1%
Services3%
Others 3%
31
Breakdown of Unearned Rental Income
Note : The proportion is calculated base on leasable area in both buildings of The Platinum Fashion Mall.
Breakdown of Tenant term
As of 31 Dec 2018 As of 31 Dec 2018
The Platinum Fashion Mall
168 MB, 42%
234 MB ,58%
Within 1 year Within 2-5 year
1,015Contracts,
58%
737Contracts,
42%
1-3 year 10 year
32
The Platinum Fashion MallAs at 31 Dec 2018 (Only Unit and Area)
Rental Unit Occupied Area
Sq.m.
Avg.Rental
Q4/2018
Rental Space 1,447 17,446 3,630
GP Sharing 18 1,372 2,867
Storage 287 3,892 1,136
1+3 Yrs. 1,015 14,543 4,030
10 Yrs 737 8,163 1,599
Total 1,752 22,710 3,156
Occupancy 98.3%
Contract Expiration (No. of contracts)
Expired in
2018
Expired in
2019
Expired in
2020 Onward
1-3 Yrs 38 943 34
10 Yrs 737
Total 38 943 771
33
34
Business Type The first beachfront community mall in Samui Island with the vintage architecture in the combination of the western and eastern styles targeting to Thai and Foreign tourists.
The Wharf Samui
35
511
546
640
545
645 655 632 626
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
+94 Baht,+17% YoY
Occupancy Rate
Rental Rate
The Wharf Samui
Baht per sq.m. per month
+81 Baht,+15% YoY
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
62% 57% 38% 55% 39% 39% 36% 37%
36
3737
Business Type New shopping destination in the center of Bangkok gathered with various delicious food and more than 585 shops, 24 containers and 28 mini-shops in the comfortable atmosphere.
TOURIST , LOCAL RESIDENT & OFFICR WORKER
The Neon Night Bazaar
38
39
Neon Nigh Bazaar Traffic
No. of Bus visiting the Neon Night BazaarYear 2018 571 bus +162% YoYQ4 2018 : 184 bus +130% YoY
No. of Van visiting the Neon Night BazaarYear 2018 : 2,044 van +191% YoYQ4 2018 : 796 van +178% YoY
0
10
20
30
40
50
60
70
80
90
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
No. of Bus
2560 2561
0
50
100
150
200
250
300
350
400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
No. of Van
2560 2561
703
2,044No. of Van
2017 2018
191%
218
571
No. of Bus
2017 2018
162%
973
1,392
1,667 1,711 1,633
1,710 1,618
1,708
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
+275 Baht,+20% YoY
Occupancy Rate
Rental Rate
The Neon Night Bazaar
Baht per sq.m. per month
Appendix
-3 Baht,-0.1% YoY
2016* 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18**
65% 70% 87% 82% 86% 84% 92% 88%
Note : * Phase 1 -opened in Dec 2016**Phase 2-opened 15 Dec 18 40
1TENTSTANDARD COMMERCIAL SHELTERSIZE : 2 x 2 M. = 557 UNITS
2CONTAINER1 STOREY & MEZZANINESIZE : 8 x 7.5 M. = 32 UNITS
4Take AwaySIZE : 2 x 3 M. = 28 UNITS3
SHOPFREE FROM STYERSIZE : 6 x 4 M. = 73 UNITS
41
Shop types
Novotel Bangkok Platinum Pratunam
42
Objective To compliment the Platinum Fashion Mall business as it provides the hospitality services to those visiting The Platinum Fashion Mall
43
Novotel Bangkok Platinum Pratunam
Occupancy Rate
Average Room RateRevPar
Novotel Bangkok Platinum Pratunam
87% 88%
91%90%
94%
88%
91% 91%
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
44
+ 235 Baht,+ 7% YoY
+ 206 Baht,+ 6% YoY
2,674 2,890
3,193 3,235 3,319 2,875
3,106 3,470
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
3,078 3,284
3,502 3,586 3,522 3,241 3,413
3,792
2016 2017 2018 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
+ 303 Baht,+ 10% YoY
+ 218 Baht,+ 7% YoY
44
Distribution ChannelYear 2018 Guest Nationality
Year 2018
Appendix
Online Agent
Booking42%
Accor website
15%
Contracted Agent21%
Contraced Corporate
4%
Business Group
6%
Group Tour5%
Others7%
Singapore26%
Malaysia10%
Indonesia11%China
5%HongKong
4%
Philippines4%
Thailand3%
India5%
Vietnam2%
Myanmar 3%
Others26%
Novotel Bangkok Platinum Pratunam
45
AGENDA
Industry Update
Q4/2018 and Year 2018 Performance Review
Outlook
The Market Project Update
Q&A
Appendix46
47
Industry
Thailand GDP is expected to grow 3.5-4.5% in year 2019.
International Tourism Arrival is expected to grow 9.5% YoY to 39.8 Million in 2019 with revenue from the arrival of international tourists growth %to Baht 2.2 trillion.
Chinese tourists is expected to rise during the second half of this year but still depends on the
Chinese economy, the Yuan currency and the highly competitive tourism sector in Japan, South Korea and Vietnam.
According to Electronic Transactions Development Agency (ETDA) , E-commerce market is expected to increase to 10% of total retail sales within 5 years from 3% in year 2018.
Company
The revenue from The Market Bangkok of the year 2019 is expected decrease from plan.
Outlook
47
48
Revenue Portfolio
63%20%
13%4%
Rental&Service Hotel F&B Others
Year 2018Revenue : 2,117 MB
Year 2022Revenue : Approximately 5,000 MB
60%
39%
1%
Rental&Service Hotel F&B/Others
AGENDA
Industry Update
Q4/2018 and Year 2018 Performance Review
Outlook
The Market Project Update
Q&A
Appendix49
50
Mixed Used Project –The Market Bangkok Ratchaprasong
Moxy
Fairfield
The Platinum Tower
The Market M1 M2The Market M3
50
5151
% OCC Others
90%
Average ARR
1,750
52
The Market Bangkok Update
TARGET Actual(as of 14 Feb 2019)
Average ARR% OCC
82% 1,700
Interior Design
53
Exterior Design
5454
EXPERIENCED LOCAL STREET FOOD &
TAKEAWAY
URBAN QUICK MEAL EATERY
LIFESTYLE CAFE
FASHION & ACCESSORIES
FASHION & ACCESSORIES
SPECIALTY STORE
RESTAURANT
M3 M2
RAJDHAMRI ROAD
BANGKOKSKYLINE
DECORATIVE ITEMS
COSMETIC & SKIN CAREBANK
4F
LOCAL WISDOM
SOUVENIR
RETAIL FLOOR CONCEPTM1
3F
2F
1F
GF
MFEXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
EXPERIENCED THAI CONCEPT STORE &
BEAUTY MEGA STORE
WELLNESS & VITALITY
5555
TARGET VISITORS
OFFICE WORKERS
&STUDENTS
RESIDENTSLOCAL THAIS FOREIGN TOURISTS
A complete
EVERYDAYshopping & dinning venue in the heart of
Bangkok
A GATHERINGwelcoming place for
family & friends
An enjoyable placewith various kinds of
food, activities and trendy merchandises
at AFFORDABLE price
A MUST VISIT destination whenever visiting Bangkok. This place will offer a
UNIQUE EXPERIENCE like no others
56
MERCHANDISING MIX BY CATEGORY
Local Wisdom Souvenir & Specialty,
14%
Fashion & Accessories,
30%Food & Beverages,
34%
Talad Krungthep,
5%
Bank & Financial
Institution, 2%
Wellness &
Vitality, 10%
Beauty Mega Store,
5%
57
58
The Market Phase 2M1 BuildingOperate Quarter 2 2021 Moxy Hotel by Marriott
- fl.12-31- 532 Keys - 3 stars hotel- target on teenager
58
59
The Market Phase 2
M2 BuildingOperate Quarter 2 2021 The Platinum Tower
-Grade B up office-NLA :38,000 Sq.m.-22 Floors
59
60
M3 BuildingOperate Quarter 2 2021 Retail NLA: 6,700 Sqm Fairfield by Marriott
- fl. 10-23- 434 keys - 3 stars hotel- target on family, MICE
The Market Phase 2
60
AGENDA
Industry Update
Q4/2018 and Year 2018 Performance Review
Outlook
The Market Project Update
Q&A
Appendix61
AGENDA
Industry Update
Q4/2018 and Year 2018 Performance Review
Outlook
The Market Project Update
Q&A
Appendix62
4,375 4,107
9,547 9,822 10,49111,339
2013 2014 2015 2016 2017 2018
Current Assets Total Liabilities Non Current Assets Equities
81%51%
39%
64%
36%
30%
59%
86%
53%
83%
14%
86%
14%
41%47%
17%
49%15%
85%64%
36%
79%
21%43%
57%
Consolidated Financial Position
19%
63
Unit :MB
64
0.1575Baht/Share
0.18Baht/Share
0.2Baht/Share
0.2Baht/Share
441 MB
Dividend Payment
504 MB560 MB
Dividend : PLAT’s payout policy at least 40% of net profit after tax and legal reserves of separate financial statement
70% 72% 72%
2015 2016 2017
% of Net profit
560 MB
72%
2018
Quarter 4/2018 Consolidated Income StatementUNIT : MB Q4/17 Common Size Q4/18 Common Size % Change
Revenue and Services income 333 61% 336 60% +1%
Revenues from hotel operations 111 20% 120 22% +8%
Revenues from F&B 71 13% 71 10% -
Other income 29 6% 30 5% +3%
TOTAL REVENUES 544 100% 557 100% +2%
Cost of rental and services 74 14% 84 15% +13%
Cost of hotel operation 48 9% 54 10% +12%
Cost of F&B sales 54 10% 53 9% -2%
SG&A 92 17% 114 20% +24%
TOTAL EXPENSES 268 49% 305 55% +14%
OPERATIONAL PROFIT 276 51% 252 45% -9%
Income tax expenses 73 13% 54 10% -26%
NET PROFIT 203 37% 198 35% -2%
EPS (Baht/share) 0.07 0.0765
Year 2018 Consolidated Income StatementUNIT : MB 2017 Common Size 2018 Common Size % Change
Revenue and Services income 1,259 61% 1,332 63% +6%
Revenues from hotel operations 395 19% 434 20% +10%
Revenues from F&B 269 13% 267 13% -1%
Other income 136 7% 84 4% -38%
TOTAL REVENUES 2,059 100% 2,117 100% +3%
Cost of rental and services 318 15% 327 15% +3%
Cost of hotel operation 186 9% 197 9% +6%
Cost of F&B sales 206 10% 203 10% -1%
SG&A 356 17% 389 18% +9%
TOTAL EXPENSES 1,066 52% 1,116 53% +5%
OPERATIONAL PROFIT 993 48% 1,001 47% +1%
Income tax expenses 221 11% 215 10% -3%
NET PROFIT 772 37% 786 37% +2%
EPS (Baht/share) 0.28 0.2866
Consolidated Financial PositionUNIT : MB Year 2017 31 Mar
201830 June
201830 Sep
201831 Dec
2018
Cash & Cash equivalents &Current Investment
5,472 5,455 4,854 4,750 4,648
Trade and Other receivables 43 45 35 34 47
Other Current Assets 75 99 136 162 171
Total Current Assets 5,590 5,599 5.025 4,946 4,866
Investment Properties 3,418 3,743 3,963 4,576 4,957
Property, Plant and equipment 1,171 1,156 1,152 1,150 1,170
Intangible Assets 252 247 242 237 231
Other non-current Assets 60 72 82 91 114
Total Non-current Assets 4,901 5,218 5,438 6,054 6,472
TOTAL ASSETS 10,491 10,817 10,464 11,000 11,339
67
Consolidated Financial PositionUNIT : MB Year 2017 31 Mar
201830 Jun
201830 Sep
201831 Dec
2018
Trade and other payables 431 483 477 788 732
Current portion of unearned rental income
165 164 165 164 168
Short-term deposits of rental income 204 205 206 214 224
Other current liabilities 129 176 140 85
Total current liabilities 929 1,028 988 1,251 1,309
Unearned rental income, net of current portion
395 356 316 276 234
Other non-current liabilities 432 496 584 711 834
Total non-current liabilities 827 852 900 987 1,068
TOTAL LIABILITIES 1,756 1,880 1,888 2,238 2,377
TOTAL SHAREHOLDERS’EQUITY 8,735 8,937 8,576 8,761 8,961
TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY
10,491 10,817 10,464 11,000 11,339
68
European Hotel Chain
AMERICAN Hotel Chain
European Hotel Chain
Group’s hotel business managed by International Chain
69
THANK YOU
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