Singha Estate Public Company Limited · SET:S
Singha Estate Public — Q1 2022 Earnings Presentation
19 slides from Singha Estate Public's earnings presentation, May 26, 2022
Slide 1: Analyst meeting Q1/2022
Analyst meeting Q1/2022 26th May 2022 MS Teams ©©Singha SinghaEstate EstatePublic PublicCompany CompanyLimited Limited
Slide 2: Disclaimer
DISCLAIMER The information contained in this material has been prepared by Singha Estate Public Company Limited (“S” or “Singha Estate”) solely for information purpose and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for sh
Slide 3: Agenda
AGENDA • 2022 BUSINESS OUTLOOK • Q1/2022 PERFORMANCE BY BUSINESS • Q1/2022 FINANCIAL PERFORMANCE © Singha Estate Public Company Limited
Slide 4: 2022 Business Outlook
2022 BUSINESS OUTLOOK © Singha Estate Public Company Limited
Slide 5: Residential Business
RESIDENTIAL BUSINESS Enlarging landed portfolio by leveraging SINGHA ESTATE’s strong brand equity ▪ As of 31 March 2022, Backlog on hand worth 2.9 TRANSFER ACTIVITIES REVENUE TARGET 2022F billion baht of which 60% will be recognized within this year. THB 1,051 MIL ▪ The new project’s revenue is expe
Slide 6: Commercial Business
COMMERCIAL BUSINESS Ensuring sufficient liquidity while enhancing SPRIME’s growth potential SPRIME to be NO.1 office REITs & incomes grow more than 1.2 times INTRODUCING NEW REVENUE ENGINE ~55,700 SQM BUILDING LEVERAGE REITs PLATFORM TO PERFORM CAPITAL RECYCLE S OASIS Long-term leasehold right with
Slide 7: Hospitality Business
HOSPITALITY BUSINESS Besides Thailand, a rapid ramping up is expected to occur in Q2/2022 Estimated occupancy rate 15% - 30% 30% - 45% 45% - 60% 60% - 75% > 75% Country Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Key Highlights ▪ The recovery is much more challenging Strong domestic than other p
Slide 8: Hospitality Business: SO/ brand
HOSPITALITY BUSINESS Continuing to perform asset assessment to unleash hidden asset value UK Portfolio Enhancement Uplifting Identified potential Engage SO/ brand bottom line driven hotels to latest resort in the CROSSROADS Disposal fully valued asset to finance Target to increase ADR uplift in pote
Slide 9: Industrial Estate and Infrastructure Business
INDUSTRIAL ESTATE AND INFRASTRUCTURE BUSINESS Revenue stream comes from land plot sold and service charge from industrial estate related facility TOTAL SALABLE AREA 992 RAIS IN S INDUSTRIAL ESTATE, ANGTHONG PROVINCE PROJECT TIMELINE Q4/2022 Q4/2023 Expected COD of PIC Expected COD of BPAT 2 & BPAT3
Slide 10: Q1/2022 Performance by Business
Q1/2022 PERFORMANCE BY BUSINESS © Singha Estate Public Company Limited
Slide 11: Commercial Business
Commercial Business Well-diversed tenant base together with the additional 1,232 sq m. let out during Q1/2022 are factors driving the portfolio occupancy to maintain at 87% Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Overall Occupancy Rate SUNTOWER Singha 90% 89% NLA (sq.m) 891 891 884 910 910 88% 89% 8
Slide 12: Residential Business: Ready to move in
Residential Business : Singha Estate PCL – Ready to move in The ESSE Sukhumvit 36 started handover units in early of October 2020, making accumulated transfer of 56% of project value The ESSE The ESSE The ESSE As of 31st December 2021 Asoke at Singha Complex Sukhumvit 36 Project value THB 4,624mil T
Slide 13: Residential Business: Under development
Residential Business : Singha Estate PCL – Under development Take up rate sentiment would strongly bounce back upon the lifting of all travel restrictions As of 31st December 2021 The EXTRO Project value THB 3,698mil Unit 411 units Price per sq.m. 213,544 % Sold 11% Launch Feb 2020 Estimated Transfe
Slide 14: Residential Business: Landed property
Residential Business : Singha Estate PCL – Landed property In 2021, the Company successfully sold 25 units of Santiburi the Residences with the accumulated take up rate about 52% of the project value As of 31st March 2022 Santiburi The Residences Project value THB 4,925mil Unit 25 units Price per sq
Slide 15: Hospitality Business
Hospitality Business Normal ramp up started from April 2022 onwards, reaching an average occupancy rate of the overall portfolio of 61% ▪ As of March 31, 2022, 36 properties out of 38 total United Kingdom Maldives hotel properties in the portfolio have opened, Domestic and Inter-regional demand Inte
Slide 16: Q1/2022 Financial Performance
Q1/2022 FINANCIAL PERFORMANCE © Singha Estate Public Company Limited
Slide 17: Summary of Financial Performance
SUMMARY OF FINANCIAL PERFORMANCE Revenue and Gross profit breakdown Unit: THB million, (%) margin 3,008 30% 28% ▪ In Q1/2022, Revenue improved 130% YoY especially Residential 130% YoY 37, 1% from Hospitality business, driven by full-quarter 257, 9% 851 recognition of UK Portfolio, sharp recovery in
Slide 18: Financial Highlights
Financial Highlights 31 December 31 March Financial Position as at 31 March 2022 Unit: million baht Change 2021 2022 Equity, Cash and cash equivalent 2,698 2,649 -49 33% Equity, 33% Inventories 1,876 1,050 -826 Total Asset Total Asset Current assets 12,181 11,601 -580 65,990 65,216 Investment proper
Slide 19: Thank You
Thank You https://investor.singhaestate.co.th/home.html IR@singhaestate.co.th Tel: 02 050 5555 Ext. 590 © Singha Estate Public Company Limited
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