the platinum group plc.,( · 2018. 8. 22. · disclaimer the information contained in this...
TRANSCRIPT
THE PLATINUM GROUP PLC.,(“PLAT”)
Performance of Q2 / 2018 1
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
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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.
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 its respective 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 any responsibility 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 (in negligence, or otherwise) for any
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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 of any 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 in relation 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 information contained in the final offering document (which may be
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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 not statements 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 are based 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 cases outside 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 such statements. 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 not guarantees 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 in the 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 any inaccuracies 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.
- 2 -
AGENDA Business Overview Key Highlight Financial Results
Core Business Update - The Platinum Fashion Mall - The Wharf Samui - The Neon Night Bazaar - Novotel Bangkok Platinum Pratunam
Q&A
Appendix
FQA 3
“ 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.”
PLAT’S VISION
MISSIONS
To Support “Pratunum Trading District” development as a central strategic location for the country
To continue strengthen wholesale 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
4
Major Shareholders
Choturangko
ol Family,
48%
Wijithanarak
family, 13%
Limpiviwatkul
family, 8%
Pongsuthima
nus family,
4%
Institutional
Investors, 15%
Others, 12%
2,800,000,000
Shares
As of 2 March 2018
PLAT’S Profile
Symbol “PLAT”
5
Operate Ownership Leasable Area (sq.m.)
Avg Rental Rate
%OCC
The Platinum Fashion Mall
Dec 2005 Freehold 23,087 3,184 99%
Wharf Samui
Jan 2015 Leasehold 5,423 655 39%
Neon Night Bazaar Dec 2016 Leasehold 4,428 1,710 84%
Novotel Platinum Pratunam
Nov 2011 Freehold 288 keys 3,241 88%
Current Projects (As of 30 Jun 18)
6
Investment value (MB)
Tentative Opening Ownership Leasable Area
The Market Retail Phase 1
3,400 Dec 2018 Leasehold 30 +30 Years ended 2079
28,000 sq.m.
The Market Retail Phase 2
1,000 Year 2020 Leasehold 30 +30 Years ended 2079
6,700 sq.m.
Office @ The Market
1,900 Year 2021 Leasehold 30 +30 Years ended 2079
38,000 sq.m.
Hotel @ M3 1,300 Year 2021 Leasehold 30 +30 Years ended 2079
434 keys
Hotel @ M1 1,400 Year 2021 Leasehold 30 +30 Years ended 2079
532 keys
Holiday Inn Resort Samui
425 Year 2020 Freehold 127 keys
Holiday Inn Express 475 Year 2020 Freehold 202 keys
Projects in pipeline (As of 30 Jun18)
7
PLAT’s Revenue Snapshot
61% 19%
13%
7%
Rental&Service
Hotel
F&B
Others
8
670
1,015
1,169
1,445
1,768 1,863
2,059
998 1,047
2011 2012 2013 2014 2015 2016 2017 1H
2017
1H
2018
CAGR Revenue Growth 2011-2017 = 17% PLAT’s Revenue Portfolio
9
-The Concept of the Market Bangkok -Progress of The Market Bangkok Phase 1 (M1,M2) -Progress of 3 stories building -Progress of Holiday Inn Samui
Key Highlight
10
11
PROJECT PRESENTATION (UPDATED AS OF FEB 12 2018)
12
DEVELOPER PROFILE
CURRENT PROJECTS ON HAND FUTURE DEVELOPMENTS IN MILESTONE
• THE WHARF SAMUI - Beachfront shopping plaza in Samui island
• TALAD NEON DOWNTOWN NIGHT MARKET - More than 700 shops including tents, trucks and containers zone
• R WALK (BANGKOK SKYLINE) - Connecting big players in Ratchaprasong and Pratunam districts together
• HOLIDAY INN EXPRESS, BOPHUT SAMUI (2020)
- 202 room keys
• HOLIDAY INN RESORT, BOPHUT SAMUI (2020)
- 127 room keys
WIDELY KNOWN FOR ITS DEVELOPMENT OF THE MOST SUCCESSFUL WHOLESALE DEPARTMENT STORE IN THAILAND, THE PLATINUM GROUP NEVER WISHES TO STOP ITS ACCOMPLISHMENT JUST THERE. WITH THE VISION TO BE A LEADER IN COMMERCIAL PROPERTY DEVELOPMENT, THE COMPANY CONTINUALLY MAPS OUT PROJECTS IN ITS MILESTONE WITH PRECISION AND CONFIDENCE.
• THE PLATINUM FASHION MALL - 2,300 shops • PLATINUM FOOD CENTER - more than 100 food choices on 2,000 sq.m. • NOVOTEL PLATINUM
- 288 room keys • PLATINUM CONDOMINIUM - 320 units
• THE MARKET BANGKOK (2018) - New shopping experience under THAI Market concept in an unquestionably unique style - Hotels - Office
13
PROJECT LOCATION
PARKING
SCB VANICH BUILDING
NAI LERT PARK
THANACHART BANK
14
MASTER PLAN & ACCESSIBILITY
1
2
3
4
5 BANGKOK SKYLINE
PRATUNAM PIER
M1
M2 M3
15
KLONG SANSAB
1
3
4
5 6 7
8 9
10
11 12
13
14
15
16
17 18
19 20
21
22
23 24
25
26 27
3
1
2
4
5
6
7
8
9
10 11
12
13
14
15
15 16
1
2
3
4
5
6
7
8 9
11
12
13
14
15
17 18
19
20
23
21 22
24
25 26
27
28
29
31
30
33
34
35
3 2
1
5
4
6
7 8
9
13
11
10 12
36
3
1
2
4
6
9
10
14 13 12
11
PROJECT SURROUNDINGS
17
32
8
10
2
16
5
7
SHOPPING MALL (27+ Bld.) 1.CENTRAL WORLD 2.BIG C RACHDAMRI 3.PLATINUM 4.GAYSORN 5.SIAM PARAGON 6.SIAM CENTER 7.SIAM DISCOVERY 8.SQ1 9.DIGITAL GATEWAY 10.MBK CENTER 11.SAIM KIT 12.ERAWAN 13.PENILSULA PLAZA 14.AMARIN
15.MERCURY VILLE 16.PORTICO 17.CENTRAL CHIDLOM 18.CENTRAL EMBASSY 19.PALLADIUM 20.TALAD NEON 21.WATERGATE PAVILLION 22.INDRA SQUARE 23.CITY COMPLEX 24.KRUNGTONG PLAZA 25.SHIBUYA 26.PANTIP PLAZA 27.GRAND DAIMOND
OFFICE BUILDING (17+ Bld.) 1.THE OFFICE @ CENTRAL WORLD 2.KPI TOWER 3.SIAM COMMERCIAL BANK 4.TANACHART BANK 5.VANIT BUILDING 6.ORAKARN BUILDING 7.VANISSA I,II 8.ALMA LINK 9.MANEEYA CENTER 10.MERCURY TOWER 11.PARK VENTURE 12.CIMB 13.ALL SEASONS
14.WAVE PLACE 15.KRUNG THAI BANK HEAD OFFICE 16.PLOENCHIT CENTER 17.TWO PACIFIC PLACE
HOTEL (35+ Bld.) 1.NOVOTEL PRATUNAM 2.AMARI WATERGATE 3.CENTARA GRAND 4.SIAM KEMPINSKI 5.VIE HOTEL 6.NOVOTEL SIAM SQUARE 7.PATHUMWAN PRINCESS 8.IBIS 9.HOLIDAY INN EXPRESS 10.SIAM @ SIAM 11.HUA CHANG HERITAGE 12.EVERGREEN PLACE 13.ASIA HOTEL 14.BERKLEY PRATUNAM
15.CENTARA WATERGATE PAVILLION 16.ARNOMA GRAND 17.INTERCONTINENTIAL 18.HOLIDAY INN 19.GRAND HYATT ERAWAN 20.RENAISSANCE 21.COURTYARD BY MARRIOTT 22.ANATARA SIAM 23.HANSAR 24.ST. REGIS 25.208 WIRELESS 26.CONRAD HOTEL 27.HOTEL INDIGO 28.PLAZA ATHENEE 29.NOVOTEL PLOENCHIT 30.SIVATEL BANGKOK
31.JW MARRIOTT 32.AMARI BOULEVARD 33.LANDMARK 34.ADLIB 35.OKURA BANGKOK
CONDOMINIUM (13+ Bld.) 1.MANHATTAN CHIDLOM 2.CHIDLOM PLACE 3.THE ADDRESS CHIDLOM 4.THE PARK CHIDLOM 5.SOMKID GARDENS 6.MAGNOLIA 7.RAJDAMRI SERVICED RESIDENCE 8.ROYAL PLACE 2 9.BAAN SANSIN 10.URBANA LANGSUAN 11.GRAND CENTER POINT 12.ALL SEASONS MANSION 13.FRASER SUITE
GOVERNMENT OFFICE/ ACADEMIC / OTHERS (14+ Bld.) 1.CHULALONGKORN UNIVERSITY 2.PATHUMWAN DEMONSTRATION SCHOOL 3.TRIAM UDOM SUKSA SCHOOL 4.SPORT CLUB 5.SMALL ANIMAL TECHING HOSPITAL CHULA 6.POLICE HOSPITAL 7.ROYAL THAI POLICE 8.NATIONAL STADIUM 9.PATHUMWANNARAM TEMPLE
10.BANGKOK ART AND CULTURE CENTER 11.MATROPOLITAN ELECTRICITY AUTHORITY 12.BRITTISH EMBASSY 13.THE EMBASSY OF SWITZERLAND 14.BAMRUNGRAD INTERNATIONAL HOSPITAL
16
THE MARKET
CATCHMENT AREA
1.5 KM. 5 KM.
HUAI KHWANG 80,735 PEOPLE
52,164 HOUSEHOLDS
WATTHANA 84,214 PEOPLE
56,530 HOUSEHOLDS
KLONG TOEI 106,233 PEOPLE
57,872 HOUSEHOLDS
PATHUM WAN 50,673 PEOPLE
26,513 HOUSEHOLDS
RATCHATHEWI 73,597 PEOPLE
39,183 HOUSEHOLDS
DINDANG 125,964 PEOPLE
52,426 HOUSEHOLDS
PAYATAI 71,864 PEOPLE
36,033 HOUSEHOLDS
BANG RAK 46,777 PEOPLE
26,398 HOUSEHOLDS
DUSIT 101,576 PEOPLE
31,751 HOUSEHOLDS
POMPRAPSATRUPAI
48,585 PEOPLE
19,334 HOUSEHOLDS
PRANAKORN 53,899 PEOPLE
18,468 HOUSEHOLDS
SUMPANTAWONG
25,694 PEOPLE
13,267 HOUSEHOLDS
KLONG SAN 74,796 PEOPLE
35,127 HOUSEHOLDS
Source: Department of Provincial Administration 2014
More than 1.31 million people have been living within project’s catchment area of 5 km radius. This tremendous number covers 17
Bangkok districts, where the residents shall undoubtedly be the project’s high potential customers.
17
TRAFFIC INFORMATION
An ideal location of transportation hub that can easily be accessed by many kinds of transportation namely CAR, BUS, BOAT, BTS and SKYWALK. This is followed by tremendous numbers of potential visitors everyday.
SKYWALK
CAR & PUBLIC BUS
BOAT SERVICE
BTS SKYTRAIN
CITY SKYWALK
PRATUNAM PIER NO.1 VISITATION NUMBER OF ALL PIERS IN 2016. MORE THAN
5,300,000 PAX/YEAR OR 14,000 PAX/DAY
SOURCE: Marine Department 2016
BTS : CHIDLOM STATION TOP 10 MOST VISITATION NUMBER STATIONS IN 2016. MORE THAN
15,370,000 PAX/YEAR OR 42,000 PAX/DAY
SOURCE: VGI (Mar, 2014)
R WALK (BANGKOK SKYLINE) 600,000 : A VISITATION NUMBER PER DAY ON RAJPRASONG DISTRICT, WITH
MORE THAN 100,000 PEOPLE PER DAY USING R-WALK WHICH LEADS DIRECTLY TO
THE MARKET BANGKOK
SOURCE: RSTA 2018
RAJDAMRHI, PETCHBURI & CHIDLOM RD. ONE OF THE MOST CAR TRAFFIC COUNTING ROADS IN BANGKOK
150,000 : A TOTAL CAR TRAFFIC COUNTING PER DAY ON THE PROJECT’S SURROUNDING MAIN ROADS
SOURCE: THE OFFICE OF BANGKOK TRAFFIC & TRANSPORT DEPARTMENT 2015
18
TARGET VISITORS
OFFICE
WORKERS
&
STUDENTS
RESIDENTS LOCAL THAIS FOREIGN TOURISTS
A complete
EVERYDAY shopping
& dinning venue in the heart of Bangkok
A GATHERING
welcoming place for family & friends
An enjoyable place with 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
19
INTERNATIONAL TOURIST INFORMATION
WORLD’S TOP TOURISM DESTINATIONS Thailand jumped from 9th to 6th place in tourism receipts in 2015
USA UK Russia Japan Korea Europe AEC China
0.86mil 0.89mil 0.93mil 1.31mil 1.33mil
5.39mil 7.78mil
8.22mil
India
1.00mil
+12.32% +6.52% +22.78% +11.42% +4.31% +8.08% +10.52%
+10.00%
+12.65%
TOP 9 NATIONALITIES OF VISITOR TO THAILAND January – November (comparing 2015 to 2016)
NUMBER OF VISITOR ARRIVALS TO THAILAND January – November (comparing 2015 to 2016)
2016 : 29.53 mil 2015 : 26.90 mil
9.78% Rank US ($) Rank US ($) Rank US ($)
1) US 204.5bil 4) France 45.9bil 7) Italy 39.4bil
2) China 114.1bil 5) UK 45.5bil 8) Germany 36.9bil
3) Spain 56.5bil 6) Thailand 44.6bil 9) Hong Kong 36.2bil
Source: Data as collected by UNWTO, July 2016
Source: Department of Tourism
Source: Department of Tourism
WORLD’S TOP 10 MOST VISITED CITIES IN 2016 BANGKOK became Number 1 Asian city for second consecutive year to top the MasterCard Global Destination Cities Index,
edging out London and other top three feeder cities; namely, Paris, Dubai and New York.
Source: Forbes and Traveler
20
PROJECT CONCEPT
“The Market Bangkok” : All in one destination with an excellent combination of function and emotion of remarkable Bangkok’s market experiences, offering a sensational touch that has never been happened ever before. This concept will truly fulfill customer satisfaction, whether they are Local Thais or
Foreign Tourists. This will strongly lead “The Market Bangkok” to be an ultimate outstanding venue and a must visit destination which thrives beyond others in the district.
JATUJAK
YAOWARAT (CHINA TOWN)
SAMPENG PHAHURAT
AOR TOR KOR PAK KLONG
WANG LANG
THA TIEN
SUEAPA / WANG BURAPA TRAIN NIGHT MARKET
PRATUNAM
SIAM SQUARE
“EVERYDAY MARKET FOR EVERYONE’S LIFESTYLE”
21
PROJECT IDENTITY & UNIQUENESS
EVERYDAY EVERYONE EXPERIENCE AFFORDABLE REPEATING
PHOTO PHOTO PHOTO
1 5 2 3 4 Whether it’s a daily activity, a special
occasion, or a quick grab meal, you can always come to the
Market Bangkok. We have thoroughly zoned our merchandises and
activities which will absolutely be easy for
our customers to experience.
Varieties of products and activities are ready to serve our customers
at all ages, genders, occupations and
nationalities. Whether you come to the Market
Bangkok with your friends, family or even alone, you’ll never be
disappointed.
Certainly not just a traditional mall, the Market Bangkok will
provide our customers with a remarkable
experience of Thai culture through its unique
concept and design. Green area with
exceptional landscape and decoration will surely be served. You will have a
splendid time with our different activities and
merchandises only handpicked for our
customers.
We do not need to spend large amount of money in order to get
good meals, good goods, or have a good
time. Selection of food/products/activities with a reasonable price is the key, and we have
chosen to provide all for you here.
An extraordinary experience and
satisfaction customers will have at the Market Bangkok will draw their
mind of wanting to come back. Additionally,
with its friendly atmosphere, the Market
Bangkok can be a second home for you
where you will never be bored but happy and joyful to spend your
time at.
22
PROJECT INFORMATION
THE MARKET PROJECT INFORMATION
PROJECT OWNER: The Platinum Group PLC.
LOCATION: Ratchadamri Road (Bangkok Downtown)
LAND AREA : 20 Rais., (approx.)
PROJECT TYPE: Mixed-Use Development Shopping Center, Hotel & Office Building
TARGET CUSTOMERS : Office Workers, Students, Residents, Local Thais &Tourists
GROSS BUILDING AREA (GBA) : 200,000 Sq.m. (approx.) (Excluding Hotel & Office)
GROSS LEASABLE AREA (GLA) : 40,000 Sq.m. (approx.) (M1+M2=34,000 Sq.m., M3=6,000 Sq.m.)
PARKING LOTS : 2,000 Cars (approx.)
NUMBER OF FLOOR : 6 Retail Floors
OPENING DATE : Q4,2018
23
PROJECT COMPONENTS
A perfectly ideal combination of mixed use project in downtown of Bangkok. It will be the ultimate destination for all visitors across the world as well as Local Thais, where satisfaction and needs will be fulfilled and completed under this one roof.
SHOPPING CENTER M1 M2 2018, M3 2020 M1+M2 = 34,000 SQ.M. (approx.) M3 = 6,000 SQ.M. (approx.)
OFFICE BUILDING 2021 50,000 SQ.M (approx.)
HOTEL BUILDINGS 2021 966 KEYS (approx.)
SKYWALK MAIN ROAD
c
c
M1 M3 M2
c
HOTEL 1
HOTEL 2
OFFICE
SHOPPING CENTER
24
EXPERIENCED
LOCAL STREET FOOD & TAKEAWAY
URBAN QUICK MEAL EATERY LIFESTYLE
CAFE
FASHION & ACCESSORIES
FASHION & ACCESSORIES
SPECIALTY STORE
RESTAURANT
M3 M2
RAJDHAMRI ROAD
BANGKOK SKYLINE
DECORATIVE ITEMS
COSMETIC & SKIN CARE
BANK
4F
LOCAL WISDOM
SOUVENIR
RETAIL FLOOR CONCEPT
M1
3F
2F
1F
GF
MF EXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
EXPERIENCED
THAI CONCEPT STORE & BEAUTY MEGA STORE
WELLNESS & VITALITY
26
EXTERIOR PERSPECTIVE
SUBJECT TO CHANGE & AUTHORIZATION
27
EXTERIOR PERSPECTIVE
SUBJECT TO CHANGE & AUTHORIZATION
28
EXTERIOR PERSPECTIVE
SUBJECT TO CHANGE & AUTHORIZATION
29
INTERIOR PERSPECTIVE G FLOOR : LIFESTYLE CAFE
SUBJECT TO CHANGE & AUTHORIZATION
30
INTERIOR PERSPECTIVE
G FLOOR : LIFESTYLE CAFE
SUBJECT TO CHANGE & AUTHORIZATION
31
INTERIOR PERSPECTIVE
M FLOOR : FASHION & ACCESSORIES
SUBJECT TO CHANGE & AUTHORIZATION
32
INTERIOR PERSPECTIVE
M FLOOR : FASHION & ACCESSORIES
SUBJECT TO CHANGE & AUTHORIZATION
33
INTERIOR PERSPECTIVE
M FLOOR : FASHION & ACCESSORIES
SUBJECT TO CHANGE & AUTHORIZATION
34
INTERIOR PERSPECTIVE
M FLOOR : FASHION & ACCESSORIES I PROMOTION AREA I
SUBJECT TO CHANGE & AUTHORIZATION
35
INTERIOR PERSPECTIVE
1ST FLOOR : FASHION & ACCESSORIES
SUBJECT TO CHANGE & AUTHORIZATION
36
INTERIOR PERSPECTIVE
1ST FLOOR : FASHION & ACCESSORIES
SUBJECT TO CHANGE & AUTHORIZATION
37
INTERIOR PERSPECTIVE
2ND FLOOR : SOUVENIRS, DECORATIVE ITEMS, COSMETIC & SKIN CARE, SPECIALTY STORE, BANKS
SUBJECT TO CHANGE & AUTHORIZATION
38
INTERIOR PERSPECTIVE
3RD FLOOR : RESTAURANT
SUBJECT TO CHANGE & AUTHORIZATION
39
INTERIOR PERSPECTIVE
3RD FLOOR : RESTAURANT
SUBJECT TO CHANGE & AUTHORIZATION
40
INTERIOR PERSPECTIVE
3RD FLOOR : RESTAURANT
SUBJECT TO CHANGE & AUTHORIZATION
41
INTERIOR PERSPECTIVE
4TH FLOOR : WELLNESS & VITALITY
SUBJECT TO CHANGE & AUTHORIZATION
The Market Bangkok (Retail PHASE 1)
Construction Update
42
As of 30 Jun 2018
The Market Bangkok Retail Phase 1
43
44
The Market Bangkok Retail Phase 1
Overall Progress = 85%
Paid :3,121 MB
Opening : November 2018
As of End of July 2018
45
The Market Bangkok Retail Phase 1
As of 30 Jun 2018
The Market Bangkok Retail Phase 1
As of 30 Jun 2018 46
As of 30 Jun 2018
The Market Bangkok Retail Phase 1
47
As of 30 Jun 2018
The Market Bangkok Retail Phase 1
48
A2-001
A2-002
As of July 2018
3 Stories Building (Back of Platinum Fashion Mall)
Overall progress = 80%
Opening : Q3/2018
49
The Market Bangkok (Retail PHASE 1)
Sale Progress Update = 65%
50
51
Example of confirmed tenants
52
Example of confirmed tenants
53
Holiday Inn Express Holiday Inn Resort
Hotel projects in Samui
23,087 23,087 23,087 23,087 23,087
5,423 5,423 5,423 5,423 5,423
4,428 4,428 4,428 4,428 4,428
28,000 28,000
34,700 34,700
38,000
2017 2018 2019 2020 2021
Platinum Fashion Mall The Wharlf Samui Neon Night Bazar Retail@The Market Office @the Market
Expansion Plan –Rental & Service
Rental & Service Business ( Sq.m. Leasable Area)
Y2017
32,938
Y2019
60,938 Y2018
60,938
Y2021
105,638 Y2020
67,638
54
In Q4/18, The leasable area from Rental &Service business will increase from 32,938 sq.m. to 60,938 sq.m. (+85%).
Expansion Plan- Hotel
Hotel 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 Hotel M3 Hotel M1
Y2017
288
Y2019
288 Y2018
288
Y2021
1,583 Y2020
617
55
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 Hotel on M1
and M3 Building.
2021
5 Year Plan Capital Expenditure
568 467
2170
526 599 69
13 19
125
1055 1580
808 0 29
0
283
1027
563
581 515 2,295 1,864 3,206 1,440
BEFORE 2017 2017 2018 2019 2020 2021
FIXED ASSET INVESTMENT (MB)
Retail Hotel Office TOTAL
2020 2018-2019 2015-2017
32,938 Sq.m. 288 Hotel Keys
60,938 Sq.m. 288 Hotel Keys
67,638 Sq.m. 617 Hotel Keys
105,638 Sq.m. 1,583 Hotel Keys
56
Financial Result Q2/2018
57
69 166
250
438
630 704
772
185 198 203 203 199
2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
272 432 503
719 950 1,043 1,171
278 293 321 301 297
2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
+19 MB, +7%YoY
Financial Summary
Revenue
670 1,015 1,169
1,445 1,768 1,863 2,059
500 517 545 531 517
2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
Unit :Million Baht
EBITDA
Net Profit
EBITDA Margin
Net Profit Margin
- 58 -
41% 43% 43% 50% 54%
10% 16% 21% 30% 36% 38%
56%
38%
57% 57%
37%
59%
38%
Overview
37% 37%
57% 56%
+14 MB, +8%YoY
+17 MB, +3% YoY
38%
58%
59%
20%
13%
8%
670
1,015
1,169
1,445
1,769 1,863
2,059
2011 2012 2013 2014 2015 2016 2017
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
500 517
517 531 517
Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
Rental and Services Hotel Business
Food and Beverage Others
62%
14%
6%
60%
19%
13%
8%
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%
- 59 -
Key
Highlights
Financial
Highlights
Business
Overview
Future
Projects
62%
12%
21%
5%
65%
13%
19%
3%
+17 MB, +3% YoY
18%
296
454
582
836
992
1,068
1,213
289 298 338 323 319
2011 2012 2013 2014 2015 2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
64%
+30 MB, +10% YoY
Gross
profit
Margin
63% 62% 62% 66%
Gross Profit from Core Business
46% 47%
52% 60% 61% 62%
- 60 -
62%
Unit : Million Baht
46 52 64 62
51
181
209
Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 2016 2017
Unit :Million Baht
Core Business
226 231 259 247 253
837
941
Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 2016 2017
Gross Profit from Rental Business Gross Profit from Hotel Business
Gross profit Margin
75% 76% 75%
Gross Profit from Food & Beverage Business
Gross profit Margin
56% 50%
Gross profit Margin
22% 20% 24%
53% 73% 74%
+27 MB,
+12% YoY
52%
25% 23%
- 61 -
77% 52% 57%
25%
17 15 16 14 15
50
63
Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 2016 2017
+5 MB,
+11% YoY
76% 53%
24%
-2 MB,
-12 % YoY
62
Business Type The Biggest whole sale and retailing fashion shopping mall
over 2,600 shops where had opened since November 2005
The Platinum Fashion Mall
63
2,974
3,101 3,080 3,098 3,153 3,183 3,184
2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
Occupancy Rate
Rental Rate
The Platinum Fashion Mall
Baht per sq.m. per month
- 64 -
+104 Baht,
+3% YoY
2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
98% 98% 98% 98% 99% 98% 99%
The Platinum Fashion Mall
65
Breakdown by Category
As of 30 June 2018 As of 30 June 2018
The Platinum Fashion Mall
By Area By Shop
- 66 -
Fashion
clothes
and
accessorie
s
67%
Storage
15%
restuarants
9%
Banks
3%
Services
4%
Others
2%
Fashion
clothes and
accessories
75%
Storage
15%
restuarants
3%
Banks
1%
Services
3%
Others
3%
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 30 June 2018 As of 30 June 2018
The Platinum Fashion Mall
- 67 -
The Platinum Fashion Mall
- 68 -
As at 30 June 2018 (Only Unit and Area)
Rental
Unit
Occupied
Area Sq.m.
Avg.Rental
Q2/2018
Rental Space 760 9,339 5,458
GP Sharing 17 1,337 2,802
Storage 306 3,797 1,146
1+3 Yrs. 1,083 14,473 4,081
10 Yrs 749 8,241 1,607
Total 1,832 22,714 3,184
Occupancy 98.5%
Contract Expiration (No. of contracts)
Expired in
2018
Expired in
2019
Expired in
2020 Onward
1-3 Yrs 872 110 12
10 Yrs 749
Total 872 110 761
69
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
70
511
546 557 537 545
645 655
2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
Occupancy Rate
Rental Rate
The Wharf Samui
Baht per sq.m. per month
- 71 -
+98 Baht,
+18% YoY
2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
62% 57% 57% 54% 55% 39% 39%
The Wharf Samui
72
73
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.
The Neon Night Bazaar
74
973
1,392
1,254 1,346
1,711 1,633
1,710
2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
Occupancy Rate
Rental Rate
The Neon Night Bazaar
Baht per sq.m. per month
- 75 -
Appendix
+ 456 Baht,
+ 36% YoY
2016* 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
95% 70% 62% 57% 82% 86% 84%
*Note : Open in Dec 2016
Neon Downtown Night Market
76
Novotel Bangkok
Platinum Pratunam
77
Objective To compliment the Platinum Fashion Mall business as it
provides the hospitality services to those visiting The Platinum
Fashion Mall
Novotel Bangkok Pratunum
78
Occupancy Rate
Average Room Rate RevPar
Novotel Bangkok Platinum Pratunam
87% 88%
82%
90% 90%
94%
88%
2016 2017 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
- 79 -
+ 234 Baht,
+ 9% YoY + 69 Baht,
+ 2% YoY
Distribution Channel As of Q2/18
Guest Nationality As of Q2/18
- 80 -
Appendix
Online Agent
Booking
49%
Accor
website
21%
[CATEGORY
NAME]
[PERCENTAG
E]
Contraced
Corporate
3%
Business
Group
2%
Group Tour
1%
Others
6%
Singapore
35%
Malaysia
9% Indonesia
15% India
7%
Philippines
6%
China
4%
Vietnam
3%
HongKong
2%
Myanmar
2% Others
17%
Novotel Bangkok Platinum Pratunam
Commercial Property
Existing Group Business
Hotel Business
- 81 -
Other Business
Q&A
82
Appendix
83
Quarter 2/2018 Consolidated Income Statement
UNIT : MB Q2/17 Common Size Q2/18 Common Size % Change
Revenue and Services income 308 62% 334 65% +8.4%
Revenues from hotel operations 89 18% 97 19% +9%
Revenues from F&B 69 14% 66 13% -4.3%
Other income 34 6% 20 3% -41.3%
TOTAL REVENUES 500 100% 517 100% +3.4%
Cost of rental and services 82 16% 81 16% -1.2%
Cost of hotel operation 43 9% 46 9% +7%
Cost of F&B sales 52 10% 51 10% -1.9%
SG&A 89 18% 86 16% -3.4%
TOTAL EXPENSES 266 53% 264 51% -0.7%
OPERATIONAL PROFIT 233 47% 253 49% +8.1%
Income tax expenses 48 10% 54 10% +10.2%
NET PROFIT 185 37% 199 38% +7.6%
EPS (Baht/share) 0.07 0.07
84
H2/2018 Consolidated Income Statement
UNIT : MB H1/17 Common Size H1/18 Common Size % Change
Revenue and Services income 614 62% 662 63% +7.8%
Revenues from hotel operations 183 18% 207 20% +13%
Revenues from F&B 132 13% 131 13% -1%
Other income 68 7% 47 4% -31%
TOTAL REVENUES 997 100% 1,047 100% +5%
Cost of rental and services 162 16% 162 15% 0%
Cost of hotel operation 90 9% 94 9% +4%
Cost of F&B sales 102 10% 100 10% -2%
SG&A 175 18% 180 17% +3%
TOTAL EXPENSES 529 53% 536 51% +1%
OPERATIONAL PROFIT 468 47% 512 49% +9%
Income tax expenses 97 10% 110 10% +13%
NET PROFIT 371 37% 402 38% +8%
EPS (Baht/share) 0.13 0.14
85
Quarter 2/2018 Consolidated Financial Position
UNIT : MB Year 2017 31 Mar
2018
30 June
2018
Cash & Cash equivalents &Current
Investment
5,472 5,455 4,854
Trade and Other receivables 43 45 35
Other Current Assets 75 99 136
Total Current Assets 5,590 5,599 5.025
Investment Properties 3,418 3,743 3,963
Property, Plant and equipment 1,171 1,156 1,152
Intangible Assets 252 247 242
Other non-current Assets 60 72 82
Total Non-current Assets 4,901 5,218 5,438
TOTAL ASSETS 10,491 10,817 10,464
86
Quarter 2/2018 Consolidated Financial Position
UNIT : MB Year 2017 31 Mar
2018
30 Jun
2018
Trade and other payables 431 483 477
Current portion of unearned rental income 165 164 165
Short-term deposits of rental income 204 205 206
Other current liabilities 129 176 140
Total current liabilities 929 1,028 988
Unearned rental income, net of current
portion
395 356 316
Other non-current liabilities 432 496 584
Total non-current liabilities 827 852 900
TOTAL LIABILITIES 1,756 1,880 1,888
TOTAL SHAREHOLDERS’EQUITY 8,735 8,937 8,576
TOTAL LIABILITIES AND
SHAREHOLDERS’EQUITY
10,491 10,817 10,464
87
FAQ
88
89
1. What are leasable area of Retails both in Phase 1 and Phase 2 ANS Retail Phase 1 : M1,M2 Building have Net Leasble Area (NLA) of 28,000 Sq.m. Retail Phase 2: M3 Building has Net Leasable Area (NLA) of 6,700 Sq.m. 2. How much for Capital Expenditure on whole Project ANS Total Projects which include Retail phase 1, phase 2, Office Building and 2 Hotels with 966 keys have investment value of THB 8,900 Million 3. How much for Rental Rate of the retail space at the Market? ANS Average rental rate should not below 2,000 Baht/Sq.m. 4. How much income that will be generated from The Market Project Phase 1 if operating full year. ANS Approximately 800-1000 MB 5. Please explain about Hotel above M1/M2 bldg. and M3 Bldg ANS Both are under International Chain with 3.5 star Hotel (M1/M2)- 532 keys Target on teenager Opening in year 2021
Hotel (M3)- 434 keys Target on family --> Opening in year 2021 6. What is the Capex for project Investment planning during 2018-2023? ANS
568 467
2170
526 599 69 13 19
125
1055 1580
808 0 29
0 283
1027
563
581 515 2,295 1,864 3,206 1,440
BEFORE 2017 2017 2018 2019 2020 2021
F IXED ASSET INVESTMENT (MB)
Retail Hotel Office TOTAL
FQA
90
7. What is the proportion of large/small shops? ANS From total net leasable area of 28,000 Sq.m, Floor M,1 (Small shops) accounts for 33% or 9,240 sq.m Floor G,2,3,4(large shops) accounts for 67% or 18,760 sq.m
8. What is the Concept of M3 (Expansion Phase 2)? ANS JV with big name Anchor + International restaurant
9. Will pre-operating Expense from Opening the Market in Q4/18 will impact net profit? ANS PLAT forecasted Net Profit stand at the same level as in 2017. Even there will be operating expense but the Market will generate increasing revenue in year 2018.
10. When SG&A Expense for The Market project will be charged? ANS The Market will recruit approximate 100 staffs since Sep 18. Marketing campaign to promote the Market will be launched in 2019 onwards.
11. The difference of The Platinum Fashion Mall VS The Market Bangkok ANS The Platinum Fashion Mall focus on Wholesale. The Market Bangkok focus on Retail (Design &Unique).
FQA
Thank You
91