Supalai Public Company Limited. Opportunity Day May 2012

Transcription

1 Supalai Public Company Limited Opportunity Day May 2012

2 Supalai Public Company Limited Opportunity Day May 2012

3 Executive Summary Condominium launches contributed to strong pre-sales in 1Q12 Robust market share growth in provincial markets with established operations Back-loaded transfer schedule for condominiums in

4 Consolidated Income Statement For the 3-month period ended (Million Baht) 31Mar12 31Mar11 Change MB. % Total Revenues 1,598 3,310 (1,712) (52%) Revenues from Sale on Real Estate 1,506 3,221 (1,715) (53%) Gross Margin (%) 42.5% 43.9% - - Selling and Administrative Expenses (8) (3%) % S&A to Total Revenues 18.5% 9.1% - - Earning before Tax 361 1,129 (768) (68%) % EBT to Total Revenues 22.6% 34.1% - - Corporate Tax (263) (75%) % Effective Corporate Income Tax Rate 23.6% 30.8% - - Net Profit (469) (64%) Net Profit Margin (%) 16.5% 22.1% - - Basic Earnings Per Share (Baht) (0.28) (65%) 3

5 Consolidated Statement of Financial Position (Million Baht) 31Mar12 31Dec11 Change MB. % Total Assets 20,530 20, % Loan from Financial Institutions 4,892 5,100 (208) (4%) - Project Loan % - Debenture 4,140 4, % - Other (423) (48%) Deposits & Advances Received From Customers 2,651 2, % Total Liabilities 9,141 9,362 (221) (2%) Total Shareholder's Equity 11,389 11, % Issued and Paid-up Share Capital 1,717 1,717-0% 4

6 Financial Ratios (Consolidated) 31Mar12 31Dec11 Net Gearing (%) 41% 40% Net BV Per Share (Baht) Interest Coverage Ratio (Times) Annualized ROE (%) 9% 23% Annualized ROA (%) 5% 13% Remark : Net Gearing = (Interest Bearing Debt Cash) / Equities 5

7 Dividend Payout Year Interim DPS Final DPS Total DPS Payout Ratio Yield (Baht) (Baht) (Baht) % 7.71% % 6.94% % 14.42% % 7.69% % 5.22% % 3.87% Remark : Dividend payment policy is to pay approximately 45% of net income 6

8 Expansion in Provincial Markets Khonkaen (Subsidiary) L M H Chiangmai L M H DH TH CD Suratthani L M H DH TH CD Phuket L M H DH TH CD DH TH CD Bangkok Metropolis L M H DH TH CD Chonburi L M H DH TH CD Hadyai (Subsidiary) L M H DH TH Remark : DH = Detached House, TH = Townhouse, CD = Condominium, L = Low income, M = Middle income, H = High income CD 7

9 Sales Contract Performance & Target Million Baht 20,000 18,000 15,911 16,000 14,000 4,675 12,000 4,416 10,000 4,881 8,000 3,341 6,000 2,164 2,122 11,236 9,469 4,000 4,804 5,358 5,960 7,285 2, ,787 1,495 5,292 19, M (T) High Rise Low Rise Target Remark : Sales contract shown are value of total contracts signed minus all cancellations 8

10 Revenue & Backlog (The Company Only) Million Baht 14,000 12,000 10,000 8,923 1Q12 Subsidiaries Transfer = 97 MB Subsidiaries Backlog 2Q12-4Q12 = 835 MB Total Backlog = 24,496 Million Baht 8,000 6,000 4,000 2, ,677 12,500 10,529 9,368 7,453 5,386 6,058 5,599 1, (T) Revenue Recognized Backlog Revenue Target Remark : Numbers as of 31Mar12 9

11 Condominiums to be Transferred in 2012 Supalai Park Ratchayothin No. of Units : 826 Project Value : 2,300 MB Supalai Downtown Phuket No. of Units : 518 Project Value : 810 MB Cityhome Srinakarin No. of Units : 1,100 Project Value : 1,050 MB Supalai Park Asoke-Ratchada No. of Units : 544 Project Value : 1,440 MB 10

12 Ongoing Project Status (31Mar12) Project Type Project Value Backlog Remaining Project Value Units Million Baht Million Baht Million Baht Condominium - Completed 16,201 35, ,812 Condominium - Under Construction 10,142 32,638 21,157 11,458 Detached House 9,673 33,509 2,397 11,868 Townhouse 4,395 11, ,157 Grand Total 40, ,813 24,496 26,295 Remark : The company has combined finished inventory for detached house and townhouse of 840 MB as at 31Mar12 11

13 Project Launch Plan & Land Bank Project Type Project Launched 2011 New Project Launch 2012 (Land Secured Only) Land Bank Secured for 2013 Onwards # Value # Value # Value Low Rise 5 4, , ,280 High Rise 4 11, , ,600 Total 9 16, , ,880 Remark : The company has land acquisition budget of 4.5 billion Baht in 2012 (3.6 billion Baht spent in 2011) 12

14 Supalai Phuket City No. of Units : 504 Project Value : 840 MB Launch Date : May

15 Find Supalai s IR Website at & subscribe to receive our latest updates Disclaimer: This presentation material has been prepared solely for informational purposes. Supalai Public Company Limited makes no guaranty on accuracy or completeness of the information provided. By accepting this material, recipient agrees that the company shall not have any liability for any information contained in or for any omission from this presentation. OD_08May12 14