Business Overview. Performance FY 2011

Transcription

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2 Business Overview Performance FY 2011

3 3 FY 2011 : Performance Highlights Presale Beat over Company s Target 8,000MB Revenue Margin Growth > 10% Inline with industry / Maintain Double Digit Net Margin New Project Launched 9 New Projects, worth~ 11,600MB (5SDH, 1TH, 3 Condo) Flood Crisis Succeeding/ Well-Managed Protection all SC s Projects Well-Caring to SC s Customers Healthy Financial 1 st SC s Debenture Issued : 2,000MB New Land acquired 14 Plots / 517Rai, worth ~5,600MB Backlog Increased to ~3,000MB (58% recognize in 2012)

4 4 Acceptable Performance FY 2011 : Revenue growth >10% yoy 7,375 7,354 6,665 6, % +11% FY 2010 FY ,680 2,801 +5% Total Revenue Operating Revenue Gross Profit

5 5 FY 2011 Revenue & Gross Profit breakdown by business type (Unit :MB) 5,823 6, % Revenue from Sale FY 2011 : 6,526MB, growth 12% yoy (Unit :MB) 2,240 2,066 +8% FY 2010 FY ,680 2,801 +5% % GP-Property for Sale GP-Property for Rental GP FY 2010 FY % 67.8% % 34.3% 40.3% 38.1% Revenue from Sales Revenue from Rental GP-Property for Sale GP-Property for Rental GP

6 Total 9 New Projects Launch in 2011 (worth 11,599MB) (Unit : MB) New Project Launched by Quarter 6 Projects 3 Projects Q1 Q2 Q3 Q4 CT-TS CR-S49 CR-S24 V18O-TW BB-TW BBR-3 GBB-R LBB-RJ LBB-PP 3 Condo 1 TH 5 SDH Product Mix 7,521 3, (Unit : MB) SDH(5 Projects) TH (1 Project) Condo (3 Projects) SDH : 65% TH : 3% Condo : 32%

7 7 Cumulative Presale & Transfer : 2010 vs 2011 : Flood crisis in Q delayed new project launched & unit transferred 10,000 8,000 Cumulative Presale 2010 vs ,103 (Unit :MB) 6, ,719 5,014 4,000 2, ,299 1,988 3,537 3,061 10,000-3M 6M 9M 12M % Growth 30% 78% 87% 62% 8,000 6, Cumulative Transfer 2010 vs ,123 5,823 6,526 (Unit :MB) 4,000 2,000 1,333 1,419 2,345 3,278 3,166-3M 6M 9M 12M % Growth 6% 40% 62% 12%

8 8 Presale FY 2011 : 8,103 MB, growth 62% yoy From 3 new launch of Condo in Q4 2011, Pre-Sale of Condo up 176% yoy Pre-Sale of SDH increased 52% yoy 5,014MB SDH TH Condo 8,103MB Breakdown by Product Type 17% 29% 12% 4% 71% 67% FY 2010 FY 2011 FY 2010 FY 2011 Growth Condo 846 MB 2,336 MB +176% yoy TH 610 MB 350 MB - 43% yoy SDH 3,558 MB 5,416 MB + 52% yoy FY 2010 FY 2011 SDH TH Condo Presale FY 2010 FY 2011 Low Rise 83% 71% High Rise 17% 29%

9 9 Revenue from Sales FY 2011 : 6,526 MB, growth 12% yoy Revenue from SDH : increased 59% yoy 90% of Revenue from Sale 2011 : Low-Rise 5,823MB 6,526MB CTR & CR-R 100% 80% Breakdown by Product Type 10% 31% 7% CTS 64 & CTR 60% 10% SDH TH Condo FY 2010 FY 2011 FY 2010 FY 2011 Growth Condo 1,791 MB 675 MB - 62% yoy TH 614 MB 420 MB - 32% yoy SDH 3,418 MB 5,431 MB + 59% yoy 40% 20% 0% 59% 83% FY 2010 FY 2011 SDH TH Condo Revenue from FY 2010 FY 2011 Low Rise 69% 90% High Rise 31% 10%

10 10 Financial Position (Consolidated) 31-Dec Dec-10 Change (MB) (MB) (MB) % YoY Total Assets 18,420 14,183 4,237 30% Total Liabilities 9,033 5,465 3,568 65% Equity 9,387 8, % ROA (%) 9.41% 13.11% EBIT / Avg. Total Asset ROA (%) 6.62% 9.31% Net Profit / Avg. Total Asset ROE (%) 11.92% 15.66% Total Equity Total Debt / Total Equity (times) Total Debt Net Debt / Total Equity (times)* Total Asset 30% Earnings Per Share (Baht) Book Value (Baht/Share) ,183 Issued & Paid-up Shares** 657,018, ,865,000 18,421 9,387 * Net Debt/ Total Equity = Interest bearing debt - Cash/ Total Equity ** Split Par 10 Baht/Share to 5 Baht/Share since 25 Apr 11 8,718 5,465 9,

11 11 Net Profit / Book Value/ Dividend Payment Cumulative Net Profit (MB) Book Value (Baht/Share) , Dec Dec Dividend*(Baht/Share) M 6M 9M 12M Weak Q profit inline with industry due to flood crisis *Dividends for the year 2011 at 0.65 baht/share subject to Shareholders approval on 20 April 2012 Payout (%) of Net Profit from Operation (Company Only) Payout (%) 40% 42%

12 12 Statement of Income (Consolidated) (Unit : Million Baht) FY 2011 FY 2010 (Restate) Change YoY MB % MB % MB % Revenue from Sales 6, % 5, % % Revenue from Rental & Services % % % TOTAL OPERATING REVENUES 7, % 6, % % Cost of Sales 4, % 3, % % Cost of Rental & Services % % % TOTAL COST 4, % 3, % % GROSS PROFIT 2, % 2, % % SELLING & ADMIN EXPENSE 1, % 1, % % OPERATING PROFIT 1, % 1, % % Financial Cost % % % Income Tax % % % NET PROFIT FROM OPERATING 1, % 1, % % Other Income % % % Profit from Fair Value Adjusment in Investment Properties % % 4.09 n/a TOTAL COMPREHENSIVE INCOME 1, % 1, % % EARNING PER SHARE (Baht)

13 13 Statement of Financial Position (Consolidated) 31 Dec Dec 10 Change '000 Baht % '000 Baht % '000 Baht (%) Cash and Cash Equivalents 1,172,697 6% 694,261 5% 478,436 69% Real Estate Development Cost 10,567,473 57% 7,116,190 50% 3,451,283 48% Deposit for Land 81,054 0% - 0% 81,054 n/a Advanced for Construction Works & Materials 96,848 1% 9,688 0% 87, % Other Current Assets 73,201 0% 76,168 1% -2,967-4% Total Current Assets 11,991,274 65% 7,896,307 56% 4,094,967 52% Investment Properties 5,781,378 31% 5,735,936 40% 45,442 1% Property, Plant and Equipment-Net 86,845 0% 99,371 1% -12,526-13% Land Awaiting Development 448,731 2% 369,784 3% 78,947 21% Other Non-Current Assets 112,367 1% 81,985 1% 30,382 37% Total Non-Current Assets 6,429,320 35% 6,287,076 44% 142,244 2% TOTAL ASSETS 18,420, % 14,183, % 4,237,211 30% Short-Term Loans from Financial Institutions 2,995,230 16% 1,850,074 13% 1,145,156 62% Trade and Other Payable 276,377 2% 532,810 4% -256,432-48% Current Portion of Long Term Liabilities 2,066,047 11% 1,133,968 8% 932,079 82% Other Current Liabilities 821,407 4% 821,121 6% 286 0% Total Current Liabilities 6,159,062 33% 4,337,973 31% 1,821,089 42% Long Term Loans from Financial Instituions 510,000 3% 732,000 5% -222,000-30% Debentures 2,000,000 11% - 0% 2,000,000 n/a Other Non-Current Liabilities 364,357 2% 395,195 3% -30,838-8% Total Non-Current Liabilities 2,874,357 16% 1,127,195 8% 1,747, % TOTAL LIABILITIES 9,033,419 49% 5,465,168 39% 3,568,251 65% Issued and Paid-Up Share Capital ( Par Value 5 Baht) 3,285,091 18% 3,219,325 23% 65,766 2% Premium on Share Capital 315,613 2% 293,312 2% 22,301 8% Advance Received for Ordinary Share Subscription - 0% 1,019 0% -1, % Retained Earnings - Appropriated Legal Reserve 288,100 2% 235,100 2% 53,000 23% Retained Earnings - Unappropriated 5,498,371 30% 4,969,459 35% 528,912 11% TOTAL SHAREHOLDERS' EQUITY 9,387,175 51% 8,718,215 61% 668,960 8% TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 18,420, % 14,183, % 4,237,211 30%

14 Business Plan 2012 COMPANY TARGET

15 15 Property for Sale in 2012 Target Market : Keep focus on Medium to High segment Product Mix : Low-rise : High-rise = 70 : 30 Increase Condo Portfolio to build Backlog & Growth First venture into the resort market province/upcountry Hua-Hin & Cha-am location New Development & Design New design : New Series 2012 Prefabrication Technology for shorter construction times Flooding Protection specifications Going international markets via property agent : Singapore & Hong Kong Offer projects that match foreign demand : Condominium in CBD area / Hua Hin Foreign-buyers in the high-end segment

16 16 SC Projects for Sale in 2012 (32 Projects / values over 28,500 MB) 16 Existing Projects 16 New Projects Total 32 Projects for Sale SDH 8 Projects 8,275 MB 9 Projects 10,760 MB 17 Projects 19,035 MB TH/HO 2 Projects 357 MB 3 Projects 750 MB 5 Projects 1,107 MB Condo 6 Projects 2,948 MB 4 Project 5,600 MB 10 Projects 8,548 MB 2012 Total Low Rise High Rise No. of Projects MB 28,690 20,142 8,548 % 100% 70% 30%

17 17 Condo construction complete and will be transferred in 2012 Centric Ratchada - Suthisan Total 270 Unit, values 900mb (100% Sold) The Crest Phaholyotin 11 Total 163 Unit, values 897mb (55% Sold) The Crest Sukhumvit 49 Total 88 Unit, values 460mb (23% Sold)

18 Company Target Actual 2011 Target 2012 On-going Projects New Launch 13 Projects Values ~8,100MB 9 Projects Values ~ 11,599MB 16 Projects Values ~11,500MB 16 Projects Values ~17,000MB Presale 8,103MB 10,000MB Operating Revenue 7,354MB Growth 10% New Land Investment ~ 5,600MB 3,000-5,000MB

19 19 Company Updates : Resignation of Ms.Pintongta Shinawatra from a director and a member of Executive Committee of SC, effect from 28 Feb 12 Election of Mr.Nuttaphong Kunakornwong as a director in replacement of Mr.Chanon Chotevijit who resigned, effective as of 1 March 12 onwards and appointed Mr.Nuttaphong as a member of the Executive Committee & a permanent executives Deputy Chief Executive Officer Schedule's 2012 AGM of Shareholders : 20 th of April 2012, at a.m. Dividends for the year 2011 : 0.65 baht/share XD on 27 th April 2012, distribution of dividends on 17 th May 2012 (subject to 2012 AGM of Shareholders approval)

20 DISCLAIMER 20 Some Statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as may, will, expect, anticipate, intend, estimate, continue, plan or other similar words. The statements are based on our management s assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements Further more information, please contact IR Tel : , ir@scasset.com