vienna house mq kronberg im taunus u city pclu.listedcompany.com/misc/presentation/20200525-u... ·...

Vienna House MQ Kronberg im Taunus

GENERAL PRESENTATION 1Q 2020

U CITY PCL

Prepared by Investor Relations DepartmentU CITY PCL

Address: U City Public Company LimitedIR Department20th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd.Chomphon, Chatuchak, Bangkok, Thailand 10900

Telephone: +66(0) 2273 8838 Fax: +66(0) 2273 8858

Email: [email protected] Website: www.ucity.co.th

This document has been prepared and distributed by the Investor Relations Department of U City Public Company Limited (“U City”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in U City and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. U City does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of U City or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

All information contained in this document is presented as of the date indicated within, and U City assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. U City undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

DISCLAIMER

IR CONTACT

2


CONTENTS

Section 1 U City in Brief

Section 2 Recurring Income Property Business

Section 2.1 Hospitality

Section 2.2 Office

Section 2.3 Residential Property Business

Section 3 Land Bank and Project Updates

Section 4 Company’s information

3


Formerly operating solely in Thailand, we expanded internationally since 2017 with a presence in 10 European countries and 6 Asian

and Middle Eastern countries with assets spanning from hotels across various ownership models to office buildings. Within U City’s

portfolio we have 119 hotels and more than 30,000 keys owned, leased and managed (operate and in pipeline), 4 office buildings,

and business interests spanning 17 countries globally

Total of 60 hotels and 2 office buildings

Total of 57 hotels, 2 office buildings, 16 condominium projects

PRESENCE IN 6 ASIAN& MIDDLE EASTERN COUNTRIES

PRESENCE IN 10 EUROPEAN COUNTRIES

• Austria• Belarus• Czech Republic• Germany• Poland• Romania• Russia• Slovakia• Switzerland• United Kingdom

• Thailand• Vietnam• Indonesia• India• Oman• Hong Kong

WE ARE A GLOBAL CAPITAL ALLOCATORInvesting in Diversified Assets Globally

24%Of total revenue from Thailand*

76%of total revenue from overseas*

THB 66.2bnTotal Asset Value*

4Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise

Section 1: U City in Brief

* Total assets based on 1Q 2020, Revenues based on FY2019 excluded gain from sale of Mo Chit Land


KEY MILESTONES

5

1999 -2013

1993

Rehabilitation

1988

2015

2016

First

geographic

expansion into

Europe by

acquiring 33

Gracechurch,

an office

building in

London, UK

2017

Acquired a

hotel portfolio,

comprising of

24 pan-

European

hotels, and a

hotel

management

platform

2018

Becoming a

leading property

company after

acquiring the lion’s

share of BTS Group’s

property business

under Unicorn

Enterprises (UE),

which includes a

portfolio of hotels,

hotel management

platform, land bank

and residential

projects under BTS-

Sansiri joint ventures


• BTS Group became a major shareholder (35.64%)

• Name changed to“U City Public Company Limited”

2019

Revenue driven by new asset portfolios, whilst expanding into new businesses

• Acquired a hotel portfolio in central Europe, comprising 19 hotels in Germany and Switzerland.

• Obtained new office spaces via the acquisition of Noble Ploenchit (Office space) and secure future office space through the development of The Unicorn (mixed-use building complex).

• Restoration of Roi ChakSam heritage building, luxury boutique hotel

• International school business (Verso International School)

Listed on the SET

Company founded

Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise


STRATEGYPoised to Emerge as Thailand’s Leading International Property Investor

• Recycle capital for

future investment

• Potential for fee-based

income

• Access to expertise

and new business

opportunities

• Reduce developmentx

and investment risk

• Increase long-term firm

value and synergy

• Diversified portfolio

• Grow through project

development and

acquisition

• Enhance value

through prudent

management and

value engineering

• Maximize synergy

• To benefit from the

‘mass transit

premium’

6

INVESTMENTEFFICIENT USE

OF CAPITALSUSTAINABILITY PARTNERSHIPS

MASS TRANSIT LINK

5 PILLARS OF SUSTAINABLE VALUE ACCRETION

• Respond to changes

in consumer lifestyles,

including digital

disruption

• Environmental

awareness

• Benefit to communities

• Enterprise value/Return

to Shareholders




BUSINESS OVERVIEWHospitality Focused Portfolio at the Start of a Multi-Year Earnings Expansion Period

Hospitality Office

Residential Property Land Bank & Others

Hospitality segment includes a geographically diversified portfolio of owned, leased and managed hotels in Europe and Asia.

Office segment has lettable space comprising of 2 office buildings in London, UK and 2 office buildings in Bangkok, Thailand.

Through our 50% stake in the BTS-Sansiri JV (Sansiri JV), we develop condominiums near mass transit lines. We recognise equity income or a share of profit from the JV.

59% of our land bank value is located adjacent to future or current mass transit lines and is therefore well-positioned to benefit from the ‘mass transit premium’

33 Gracechurch Street, London

6-14 Underwood Street, London

TST Tower,Bangkok

Noble Comm. BldgBangkok

7Section 1: U City in Brief



CONTENTS




Section 2.2 Office


Section 3 Land Bank and Others


8


RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYStrategic Expansion Flexibility Through a Diverse Spectrum of Brands

9Section 2.1: Hospitality

Management Platform Brands Under Management Details

Vienna House Capital(100% subsidiary)

Pan-European hotel portfolio, hotel management company and associated brands

4-star boutique hotels across South East Asia with a unique blend of local heritage and modern design

Absolute Hotel Services(50% JV)

3-5 star hotels under the motto of "Value For All Occasions" with signature properties in Thailand, India, Indonesia, Vietnam and Middle East

Travelodge is recognised worldwide as a leading brand in the midscale limited service segment

Two dynamic hotel management platforms that are mutually complementing, offering strategic flexibility

and a springboard for global expansion, under Vienna House and Absolute Hotel Services

Management Platform Brands Under Management Details

Vienna House Capital

(100% subsidiary)

Pan-European hotel portfolio, hotel management company

and associated brands

4-star boutique hotels across South East Asia with a unique

blend of local heritage and modern design

3-5 star hotels under the motto of "Value For All Occasions"

with signature properties in Thailand, India, Indonesia,

Vietnam and Middle East

Absolute Hotel Services

(50% JV) Travelodge is recognized worldwide as a leading brand in

the midscale limited service segment



RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYHotel Portfolio Snapshot

10

NUMBER OF HOTELS AND KEYS GEOGRAPHICAL BREAKDOWN BY KEYS

*Total owned and leased of Operating and in Pipeline**Total managed of Operating and in Pipeline

OWNED & LEASED

MANAGED

Section 2.1: Hospitality

Operating In Pipeline

hotels keys hotels keys

Subsidiaries 58 9,237 8 2,674

Owned 24 3,961 1 521

Leased 26 3,347 6 1,378

Managed 8 1,929 1 775

Joint Ventures 21 2,632 32 17,267

Managed 21 2,632 32 17,267

Total 79 11,869 40 19,941

Owned 24 3,961 1 521

Leased 26 3,347 6 1,378

Managed 29 4,561 33 18,042


Others5% Czech Republic

6%

Poland 16%

Thailand 18%

Germany 55%

9,207keys*

Indonesia3%

India3%

Others9%

Russia11%

Thailand15%

Vietnam59%

22,603keys**


OWNED HOTELS (24+1)A Geographically Diversified Hotel Portfolio

11

OWNED HOTEL PERFORMANCE

HOTELS IN OPERATION (24)

HOTELS IN PIPELINE (1)

(THB)


Vienna Townhouse Batschari Baden-Baden


2,812 2,588 2,435 2,503 2,491

1,752 1,789 1,793 1,698 1,223

62.3%69.1%

73.6%67.8%

49.1%

1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020

ADR RevPAr OCC%

No. Hotel Name Country No. of Keys

1 Vienna House Amber Baltic Miedzyzdroje Poland 192

2 Vienna House Andel's Lodz Poland 277

3 Vienna House Diplomat Prague Czech Republic 398

4 Vienna House Easy Airport Bucharest Romania 176

5 Vienna House Easy Amberg Germany 110

6 Vienna House Easy Katowice Poland 203

7 Vienna House Easy Bad Oeynhausen Germany 146

8 Vienna House Easy Bratislava Slovakia 167

9 Vienna House Easy Braunschweig Germany 176

10 Vienna House Easy Castrop-Rauxel Germany 84

11 Vienna House Easy Coburg Germany 123

12 Vienna House Easy Cracow Poland 220

13 Vienna House Easy Günzburg Germany 100

14 Vienna House Easy Landsberg Germany 103

15 Vienna House Easy Limburg Germany 99

16 Vienna House Easy Neckarsulm Germany 95

17 Vienna House Easy Pilsen Czech Republic 144

18 Vienna House Easy Trier Germany 105

19 Vienna House Easy Wuppertal Germany 130

20 Eastin Grand Hotel Sathorn Thailand 390

21 Eastin Thana City Golf Resort Thailand 194

22 U Inchantree Kanchanaburi Thailand 50

23 Anantara Chiang Mai Thailand 84

24 Avani Khon Kaen Thailand 195

Total keys 3,961


1 Eastin Grand Hotel Phayathai Thailand 521

Total keys 521



OPERATING LEASED HOTELS (26+6)A Capital-Efficient Growth Vector for Our European Hotel Business

12

OP. LEASED HOTEL PERFORMANCE HOTELS IN OPERATION (26)

(THB)


HOTELS IN PIPELINE (6)

Section 2.1: Hospitality Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise

3,219 3,395 3,106 3,123 3,011

1,997 2,565 2,417 2,259

1,521

62.0%

75.6% 77.8%72.3%

50.5%

1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020

ADR RevPAr OCC%


1 Vienna House Andel's Berlin Germany 557

2 Vienna House Andel's Cracow Poland 159

3 Vienna House Easy Berlin Germany 152

4 Vienna House Easy Leipzig Germany 205

5 Vienna House QF Dresden Germany 95

6 Vienna House MQ Kronberg im Taunus Germany 96

7 Vienna House Mokotow Warsaw Poland 164

8 Vienna House Sonne Rostock Germany 119

9 Vienna House Stadt Hamburg Wismar Germany 103

10 Vienna House Remarque Osnabrück Germany 156

11 Steigenberger Parkhotel Braunschweig Germany 180

12 Vienna House Thüringer Hof Eisenach Germany 127

13 Vienna House Easy Mo. Stuttgart Germany 131

14 Vienna House Easy Potsdam Germany 123

15 Vienna House Baltic Stralsund Germany 132

16 Vienna House Easy Osnabrück Germany 108

17 Vienna House Ernst Leitz Wetzlar Germany 129

18 Vienna Townhouse Batschari Baden-Baden Germany 69

19 Vienna Townhouse Bach Leipzig Germany 52

20 Vienna Townhouse Goethe Berlin Germany 47

21 Vienna House Easy München Germany 94

22 Vienna House zur Bleiche Schaffhausen Switzerland 130

23 Vienna House Easy Rostock Germany 48

24 Vienna House Easy Bremen Germany 44

25 U Chiang Mai Thailand 41

26 U Sathorn Thailand 86

Total keys 3,347


1 Vienna House Easy Raunheim Germany 200

2 Vienna House Easy Wroclaw Poland 240

3 Vienna House Easy Mannheim Germany 128

4 Revo Munich Germany 607

5 Vienna House Easy Greifswald Germany 123

6 Project Roi Chak Sam Thailand 80

Total keys 1,378


13

HOTEL IN PIPELINE (33)HOTEL IN OPERATION (29)


MANAGED HOTELS (29+33)Growth Engine that Benefits from Economies of Scale



1 Angelo by Vienna House Ekaterinburg Russia 211

2 Angelo by Vienna House Prague Czech Republic 168

3 Liner Airport Hotel Ekaterinburg Russia 152

4 Marriott Minsk Hotel Belarus 217

5 Vienna House Andel's Prague Czech Republic 290

6 Vienna House Martinspark Dornbirn Austria 98

7 Eastin Ashta Resort Canguu Bali Indonesia 130

8 Vienna House Dream Castle Paris* France 397

9 Vienna House Magic Circus Paris* France 396

10 Eastin Easy Aishwarya Talegaon India 90

11 Eastin Grand Hotel Saigon Vietnam 268

12 Eastin Hotel Makkasan Thailand 280

13 Eastin Hotel Tan Chiang Mai Thailand 130

14 Eastin Residences Muscat Oman 50

15 Eastin Residences Vadodara India 44

16 Mountain Lodge By U Thailand 7

17 Travelodge Pattaya Central Thailand 164

18 Travelodge Sukhumvit 11 Thailand 224

19 U Janevalla Bandung Indonesia 119

20 U Jomtien Thailand 64

21 U Khao Yai Thailand 63

22 U Nimman Chiang Mai Thailand 150

23 U Pattaya Thailand 44

24 U Sukhumvit Thailand 82

25 U Tropicana Alibaug India 88

26 U Zenmaya Phuket Thailand 50

27 U Paasha Seminyal Bali Indonesia 99

28 Holiday Inn Munich Leuchtenbergring Germany 279

29 Holiday Inn Munich Westpark Germany 207

Total keys 27 hotels 4,561


1 Travelodge Phuket Town Thailand 180

2 U Samui Thailand 60

3 Eastin Phat Linh Hotel Halong Vietnam 334

4 Eastin Hotel & Residences Hanoi Vietnam 200

5 Eastin Grand Hotel Nha Trang Vietnam 1,056

6 Eastin Hotel Harbour Bangkok Thailand 456

7 Eastin Hotel Nha Trang Vietnam 180

8 Eastin Easy Vita India 50

9 U Pravo Hong Kong Hong Kong 92

10 U Lombok Indonesia 110

11 U Manado Indonesia 120

12 U North Pattaya Thailand 270

13 Skye By Travelodge Nha Trang Vietnam 4,300

14 U Danang Vietnam 125

15 U Riverside Hoi An Vietnam 150

16 U Mui Ne Vietnam 108

17 U Phu Quoc Vietnam 150

18 Eastin Easy Pen India 350

19 Travelodge Nimman Chiang Mai Thailand 406

20 Travelodge Jomtien Thailand 150

21 Eastin Resort & Residences Rayong Thailand 150

22 U Sochi Russia 600

23 U Gelendzhik Russia 600

24 U Crimea Russia 700

25 U Saint Petersburg Russia 300

26 Eastin Residences Sri Racha Thailand 180

27 Travelodge Bangsean Thailand 160

28 Travelodge Krabi Thailand 150

29 Eastin Hotel Lang Hai Hanoi Vietnam 200

30 Eastin Grand Hotel Vung Tau Vietnam 4,000

31 Eastin Grand Hotel Hong Van Hotel Halong Vietnam 380

32 Eastin Grand Resort Danang Vietnam 1,000

33 Vienna House Vung Tau Vietnam 775

Total keys 18,042

*Contract terminated end of 1Q 2020


14

Vienna House Stadt Hamburg WismarVienna House QF DresdenVienna House Thüringer Hof Eisenach

Vienna House Zur Bleiche Schaffhausen Vienna House Andel's Berlin Vienna House Andel's Cracow


Section 2.1: Hospitality Prepared by Investor Relations DepartmentU CITY PCL

16

Vienna Townhouse Bach Leipzig

Vienna Townhouse Bach LeipzigVienna Townhouse Bach

Leipzig

Vienna Townhouse Bach Leipzig

Vienna Townhouse Berlin

Vienna Townhouse Bach Leipzig Vienna Townhouse Bach Leipzig


16

Vienna House Easy BraunschweigVienna House Easy Amberg

Vienna House Easy Bad OeynhausenVienna House Easy Bratislava


Vienna House Easy Limburg

Vienna House Easy Coburg


17

Visualization

VisualizationVisualization



Visualization



18

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok



19

Eastin Grand Sathorn

Eastin Grand Sathorn Eastin Grand Sathorn

Eastin Grand Sathorn Eastin Grand Sathorn

Eastin Grand Sathorn



20

Eastin Thana City Golf Resort Eastin Thana City Golf Resort Eastin Thana City Golf Resort

Eastin Thana City Golf Resort Eastin Thana City Golf ResortEastin Thana City Golf

Resort



21

Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon

Eastin Easy Aishwarya Talegaon





22

Travelodge Pattaya

Travelodge Pattaya Travelodge Pattaya

Travelodge Pattaya Travelodge Pattaya

Travelodge Pattaya



CONTENTS




Section 2.2 Office




23


RECURRING INCOME PROPERTY BUSINESS – OFFICEOffice Portfolio Snapshot

24Section 2.2: Office

31,634 Sqm

Net Floor Area

94.2 %

Occupancy

Gracechurch Street Underwood Street Noble Comm. Building TST Tower

NET FLOOR AREA (SQM) & BLENDED OCCUPANCY RATE (%)


8,747 8,747 8,747 8,747 8,747 8,747 8,747 8,747 8,747 2,370 2,370 2,370 2,370 2,379 2,379 2,379 2,379

16,115 16,064 16,961 16,067 16,067 16,061 16,061 16,061 16,061

4,447 4,447 4,447 4,447

100.0% 100.0% 100.0% 99.0%91.2% 92.4% 92.4% 93.6% 94.2%

1Q '18 2Q '18 3Q '18 4Q '18 1Q '19 2Q '19 3Q '19 4Q '19 1Q '20

Gracechurch Underwood TST Tower Noble %OCC

2,379


Situated within the heart of the City of London,fronting the western side of Gracechurch Street,one of the City’s main thoroughfares, and benefitsfrom close walking distances to undergroundstations Bank and Monument

33 GRACECHURCH

STREET, LONDON

26

Property Details

Ownership150-year lease expiring on 18 Jan 2162(Approximately 141 years unexpired)

Head Rent GBP 204,000 p.a., with rent review every 5 years

Building Specifications

• Comprehensively refurbished and extended in 2007• NFA: 8,747 sqm

Tenants• 6 tenants• Average unexpired lease term of 5.1 years

Atmosphere around Gracechurch, London Atmosphere around Gracechurch, London

Atmosphere around Gracechurch, London

Section 2.2: Office

33 GRACECHURCH STREET, LONDON


27Section 2.2: Office

6-14 UNDERWOOD STREET, LONDON

Situated within the heart of the tech city area ofLondon and is less than 650 meters from Old StreetRoundabout, known as ‘Silicon Roundabout’.Technology, media and telecommunicationscompanies choose to relocate to the area. Theproperty also benefits from excellent transport links;including underground, rail and bus services.

6-14 UNDERWOOD STREET, LONDON

Property Details

Ownership85-year lease expiring on 25 Dec 2055(Approximately 35 years unexpired)

Head Rent GBP 111,250 p.a., with rent review every 14 years


• Comprises of three attractive Victorian warehouse buildings

• NFA: 2,379 sqm over basement, ground and three upper floors

Tenants• 1 tenant• Average unexpired lease term of 10 years

Atmosphere around Underwood Street, London



Atmosphere around Underwood Street,

LondonAtmosphere around

Underwood Street, London


TST TOWER, BANGKOK

27

Situated in a burgeoning business area en-routeto Don Muang International Airport and 15 minsfrom Mochit BTS Station, the area is closed to anumber of major Thai corporate headquartersand foreign office

TST TOWER

Property Details

Ownership Freehold


• High-rise office tower with multi-floor parking• NFA: 16,061 sqm on 24 floors

Anchor Tenants• BTS Group• VGI Media • Office of SME Promotion

Atmosphere around TST Tower




Section 2.2: Office


NOBLE PLOENCHIT COMMERCIAL SPACE

28

12 Commercial Units, 4,447 sqm with a Direct Access from BTS Ploenchit

Property Details

Ownership Freehold


• 12 commercial units, direct access from BTS Ploen Chit station

• NFA: 4,447 sqm

Tenants • Noble Development Plc ("Noble")

NOBLE COMM. BUILDING

Section 2.2: Office


CONTENTS




Section 2.2 Office




29


RESIDENTIAL PROPERTY BUSINESS –SANSIRI JV

30Section 2.3: Residential Property Business

PARTNERSHIP ROADMAP

2015

2016

50:50 JV to develop a targeted THB 100bn worth of condominiums along current and future mass transit lines through the JV with Sansiri PCL with an expected NPAT margin 12%

2018

2017

The LINE WongsawangThe LINE

Sukhumvit 101

The LINE

Jatujak-Mo Chit

Fully transferred

The LINE

Sathorn• The LINE Jatujak – Mo Chit Project value: THB 5,815mn No. of units: 841

• The LINE Sukhumvit 71Project value: THB 1,967mn No. of units: 291

• The LINE RatchathewiProject value: THB 2,809mn No. of units: 231

• The BASE Phetkasem 29Project value: THB 1,947mn No. of units: 640

• The MONUMENT Thong LoProject value: THB 6,232mn No. of units: 127

• The LINE SathornProject value: THB 3,816mn No. of units: 327

• The LINE Asoke-RatchadaProject value: THB 3,022mn No. of units: 473

• The BASE Garden Rama 9Project value: THB 2,336mn No. of units: 640

• The LINE Phahon-PradipatProject value: THB 5,714mn No. of units: 981

• The LINE Sukhumvit 101Project value: THB 4,552mn No. of units: 778

• KHUN BY YOO Project value: THB 4,039mn No. of units: 148

• The LINE WongsawangProject value: THB 4,871mn No. of units: 1,287

• The BASE SaphanmaiProject value: THB 2,916mn No. of units: 820

• The LINE Phahonyothin ParkProject value: THB 4,751mn No. of units: 880

• The BASE Ratchada-ThapraProject value: THB 3,050mn No. of units: 1,037

2022

• The Line Rama9 Pung Muang Project value: THB 1,842mn No. of units: 315

2024


31

THE BASE Sapanmai

THE LINE Phahonyothin Park

THE LINE Phahon Pradipat

THE MONUMENT Thong Lo

KHUN BY YOO

THE LINE Sukhumvit 101THE LINE Sathon

THE BASE Phetkasem 29

THE LINE Wongsawang

Active Projects

Active Projects along Mass Transit Lines

Section 2.3: Residential Property Business

RESIDENTIAL PROPERTY BUSINESS – SANSIRI JVPresales Update and Backlog Schedule

*Backlog as of 31 March 2020 (100% of JV performance)

PRESALES BACKLOG 2020

THB mn

ProjectsProject Value

(THB mn)

The Monument Thonglor 413

THE LINE Wongsawang 332

THE LINE Sukhumvit 101 933

THE LINE Phahon Pradipat 1,213

THE BASE Petchkasem 29 401

KHUN By Yoo 568

THE BASE Sapaan Mai 424

Total 4,284


CONTENTS




Section 2.2 Office




32


LAND BANKSufficient Land Bank For Multi-Year Development

Khukhot51.7 rai (8.3 ha)

Bangkrachao25.4 rai (4.1 ha)

Ratburana27.5 rai (4.4 ha)

Suksawad16.6 rai (2.7 ha)

Land Bank

NATIONWIDE LANDBANK PORTFOLIO

Total of 872.7 rai (1.4mn sqm) divided into 123.5 rai (0.2mn sqm) located in Bangkok & Vicinities and 749.2 rai (1.2mn sqm) upcountry

Bangkok & Vicinities

123.5 rai (19.8 ha)

Nakorn Ratchasima

747.2 rai (119.6 ha)

Chonburi (to be disposed)

2.0 rai (0.3 ha)

BOOK VALUE OF LAND BANK 31 MAR 2020

THB bn Book Value

Bangkok & Vicinities 5.8

Upcountry 1.4

Total Land Bank 7.2

% Near Mass Transit 59%

Land Bank along Mass Transit Lines

Section 3: Land Bank and Project Updates 34

Sukhumvit2.2 rai (0.4 ha)


THE UNICORN, PHAYATHAI

34

RetailNFA: 2,816 sqm

Hotel & ResidenceNFA: 28,274 sqm

Office NFA: 22,499 sqm

Project Details

51 levels of mixed-use building comprising retail, office, hotel

and residence

Project value Approximately THB 9.3bn

Land Area 7.3 Rai or 1.2 Ha (11,749.6 sqm)

GFA 120,395 sqm

LocationAdjacent to 2 mass transit stations: BTS Phayathai Station and Airport Rail Link

Status 14.23% Progress

Project period Approximately 48 months

Construction Period 3Q 2017 1Q 2022

Start Completion

THE UNICORN

Section 3: Land Bank and Project Updates


35

The Unicorn: Commercial Preliminary Concept Design



Project Details

Total AreaNFA: 12,300 sqm

World-ClassDining Experience

5-Star Luxurious Hotel

THE CUSTOMS HOUSE (ROI CHAK SAM)

36

A luxurious 5-star hotel project in a rare, historic, colonial-era heritage building located

along magnificent Chao Praya Riverside


Land Area 5.15 Rai or 0.82 Ha (8,240 sqm)

LocationOn the Chao Praya Riverside, Soi Charoenkrung36, Bangrak, Bangkok

ConceptFocus on the harmony between the heritage custom house and new building

Management Company

Luxury hotel brand

StatusOn the Fine Arts Department submission processfor approval

Project Period 6 yearsConstruction Period

4Q 2019 2024

Start Completion


ROI CHAK SAM


A 50:50 joint venture between U City and Hong Kong Corporation who has extensive experience in International School to provide educational services for up to 1,800 students from Pre-K to grade 12

VERSO INTERNATIONAL SCHOOL AT THANA CITY

37

Project Details


Land Area 79.4 Rai or 12.7 Ha (127,065 sqm)

Location Thana City

ConceptProviding unique learning experience and paring modern technology and contemporary teaching techniques

Status 90% Progress

Project period Approximately 39 months

Construction period

Opening Date August 2020

2017 2Q 2020

Start Completion

VERSO INTERNATIONAL

SCHOOL



CONTENTS




Section 2.2 Office



Section 4 Company’s Information

38


COMPANY’S INFORMATION

39

STOCK PROFILE*

* SET as of 31 March 2020. Excludes preference shares

Mr. Keeree KanjanapasChairman of the Board of Directors

Mr. Rungson SriworasatIndependent Director / Chairman of Audit Committee / Nomination & Remuneration Committee

Mr. Chaiwat AtsawintarangkunIndependent Director / Chairman of Nomination & Remuneration Committee / Audit Committee

Mr. Plakorn WangleeIndependent Director / Audit, Nomination & Remuneration Committee

Mr. Surajit GongvatanaDirector / Chairman of Executive Committee

Mr. Kavin KanjanapasDirector

Mr. Kong Chi KeungDirector

Ms. Piyaporn PhanachetDirector / Chief Executive Officer

Mr. Sayam SiwarapornskulDirector / Chief Legal Officer / Company Secretary

Top 10 Shareholders**

BTS Group Holdings PCL 36.2%

Trophy CG Limited 10.8%

Thai NVDR 2.3%

Mr. Komol Jungrungreangkit 1.8%

South East Asia UK (Type C) Nominees Limited 1.7%

Ms. Sukalya Tongpan 1.6%

Mr. Vichit Chinwongvorakul 1.0%

Mr. Chaiyan Chakarakul 0.9%

Mr. Thongplew Siripornpitak 0.7%

Mr. Nethirat Pongnarusorn 0.7%

Stock Code U / U-P

Market Capitalisation THB 4,547mn

Total Outstanding Shares 5,614mn

Total Preference Shares 11,970mn

Website: http://www.ucity.co.th

BOARD OF DIRECTORS

Section 4: Company’s Information

** Shareholder Close Book as of 31 March 2020. Excludes preference shares

http://www.ucity.co.th/en

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