Peace & Living Public Company Limited · SET:PEACE
Peace & Living Public — Q1 2022 Earnings Presentation
38 slides from Peace & Living Public's earnings presentation, May 30, 2022
Slide 1: Analyst Conference 1Q2022
Analyst Conference 1Q2022 30 May 2022
Slide 2: Presenters
Presenters Mr. Prasobsak Mr. Nantaphol Mr. Chantawit Sirisopana Pongspaibool Oranrattanachai Director / Director / Chief Financial Officer Chairman of Executive Board / Executive Director Chief Executive Officer 2
Slide 3: Out-line
Out-line I. Our History and Track Records II. Operating Results III. Financial Performance IV. Our Cost Control Measures V. New projects to be launched VI. Plan for Growth 3
Slide 4: I. Our History and Track Records
I. Our History and Track Records
Slide 5: Our History and Track Records
Our History and Track Records Capital increase 1989 First Project : Baan Pa Rim Than (600 MB.) to 420 MB. at IPO in Feb Home resort for sale under project name “Baan Pa Rim Than” 2022 in Kanchanaburi province 1999 Before listing : Average 1-2 projects per year Baan Lom Talay : 2 Projects ( totaling
Slide 6: Our History and Track Records: Completed Projects, totaling value 8,807 MB
Our History and Track Records: 15 Completed Projects, totaling value 8,807 MB Sales period Total Project Total Unit No. Project Product Type Open Close Value (Unit) (THB mm.) 15 Past Projects 1 Baan Pa Rim Than 1996 2000 Single-storey to 3-storey detached house 600 199 2 Baan Lom Talay 1 1999 2002 S
Slide 7: Our History and Track Records: Completed and Active Projects
Our History and Track Records: Completed and Active Projects 7 active projects ( 4,721 MB.) (# Projects) (Project Value in MB) 3 Developing 5,000 projects 8 (3,045 MB.) 4,500 7 4,000 1- 3 active projects at a time before decision for SET Listing 6 3,500 from 1996-2018 ( 25 years) , 15 Projects Compl
Slide 8: Our History and Track Records: Capital Structure
Our History and Track Records: Capital Structure More utilization of borrowing Low borrowing debt No borrowing for 10 years debt 203.88 98.55 - 144.02 188.18 695.65 343.43 - Equity Borrowing Debt Other Debt 146.66 17.36 66.70 Equity reaches 1,000 MB. 59.12 1,989.61 61.15 56.52 83.45 86.25 1,569.28 1
Slide 9: Our History and Track Records: Total Revenue, Net Profit, Gross Profit and Net Profit Margin
Our History and Track Records: Total Revenue, Net Profit, Gross Profit and Net Profit Margin 68.6% 67.1% Non-Listing Preparation for listing After listing Gross 60.7% 57.0% Profit 56.2% Margin 42.9% 40.4% 39.8% 39.6% 39.3% 42.3% 43.1% 39.6% 40.3% 38.9% 40.1% 40.6% 37.8% 39.8% 35.4% 36.9% 36.9% 37.4%
Slide 10: Historical EPS and Dividend
Historical EPS and Dividend (Positive EPS Our History and Track Records: every year since the start of operation and increasing dividend trend) Operation Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 EPS (Baht/Share) (Par = 1 baht) 0.03 0.17 0.12 0.03 0.09 0.05 0.09 0.32 1.14 0.46 DPS (Baht
Slide 11: II. Operating Results
II. Operating Results
Slide 12: Operating Results: Company at a Glance
Operating Results: Company at a Glance A successful real estate development company with discipline and enhancing platform to support growth 30+ 15 2 7+3 Years of Experience Successful past projects Generations of 7 active projects plus 3 in real estate business without dead stock professional poten
Slide 13: Operating Results: Current Active Projects
Operating Results: Current Active Projects Location: Udomsuk, Bangkok Location: Bangkae, Bangkok Location: Sai Mai, Bangkok Product type: 3-Storey townhome Product type: 2 and 3-storey townhome Product type: 2-storey townhome Opening period: July 2019 Opening period: July 2019 Opening period: Octobe
Slide 14: Operating Results: Current Active Projects (Cont.)
Operating Results: Current Active Projects (Cont.) Location: Pradit Manutham, Bangkok Location: Mueng, Nonthaburi Location: Thung Kru, Bangkok Product type: Pool villa residences Product type: 2-Storey townhome Product type: 2-storey townhome Opening period: August 2020 Opening period: August 2020 O
Slide 15: Operating Results: Current Active Projects (Cont.)
Operating Results: Current Active Projects (Cont.) Location: Bangkhunnon, Bangkok Product type: 2- and 3-storey townhome Opening period: August 2021 Total Unit Proj. Value 196 841 AFS Unit THB mm. 114, 54.70% Remark: Available for sale (AFS) unit as at15 31 March 2022
Slide 16: Operating Results: Cumulative Presale
Operating Results: Cumulative Presale (Unit : THB mm) 1,361 528 3M’2022 + 70.87 % YoY 851 569 528 309 3M’21 6M’21 9M’21 12M’21 3M’22 16
Slide 17: Operating Results: Backlog
Operating Results: Backlog (Unit : THB mm) 819 Q1’2022 Q1’2022 819 747 + % YoY + 23.53 % YoY 663 587 600 + + 9.64 % % QoQ QoQ Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 17
Slide 18: Operating Results: Transfer Activities
Operating Results: Transfer Activities (Unit : THB mm) 456 Q1’2022 Q1’2022 456 + + 108.22 % % YoY YoY 336 363 + + 25.62 % %QoQ QoQ 269 219 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 18
Slide 19: Operating Results: Available for sale
Operating Results: Available for sale (Unit : THB mm) 1,234 Q1’2022 Q1’2022 2,364 -+ 39.09 % %YoY YoY 2,026 1,789 1,761 -+ 29.93 % %QoQ QoQ 1,234 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 19
Slide 20: Operating Results: Performance of Active Projects
Operating Results: Performance of Active Projects (value in THB mm.) Backlog Sales Transferred 1400 1200 528 456 1000 363 510 800 219 260 309 336 281 269 600 400 747 663 587 600 573 200 0 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 20
Slide 21: Operating Results: Active Projects
Operating Results: Active Projects Project Available Transferred Backlog Available Total Unit Value Transferred Backlog for sale Project Opening Value Value for sale (Unit) (THB (Unit) (Unit) Value (THB mm) (THB mm) (Unit) mm) (THB mm) Active Project Status (value in THB mm.) 1.Cordiz at Jul‘19 110
Slide 22: III. Financial Performance
III. Financial Performance
Slide 23: Financial Performance
Financial Performance (Unit : THB mm) Total Revenue & Gross Profit Revenue from Sale of Real Estate Other Incomes Gross Profit Cost of good sold GP Margin (%) 39.29% 39.51% 38.79% 38.96% 37.72% 2.2 1.9 710.9 538.8 1,164.8 2.6 0.5 865.0 261.5 270.7 0.7 427.2 453.9 447.5 326.2 130.9 165.7 215.6 176.8
Slide 24: Financial Performance
Financial Performance (Unit : THB mm) Overall Profits Gross Profit EBIT Net Profit 453.9 326.2 271.3 215.1 165.7 177.7 176.8 133.7 115.0 84.7 91.9 44.4 50.0 38.5 31.5 2019 2020 2021 3M2021 3M2022 Overall Margin %GPM %EBIT Margin %NPM 38.8% 37.7% 39.0% 39.3% 39.5% 25.7% 23.2% 23.1% 20.5% 10.3% 20.5%
Slide 25: Financial Performance: Revenue Breakdown
Financial Performance Revenue Breakdown (Unit : THB mm) 1,400 The Exclusive Cordiz Cher The Glamor 1,187.1 1,200 10% 1,000 878.3 9% 800 74% 600 55% 437.9 455.6 400 12% 21% 15% 219.3 200 34% 79% 64% 76% 16% 1% 24% 9% - 2019 2020 2021 3M2021 3M2022 25
Slide 26: Financial Performance: SG&A
Financial Performance (Unit : THB mm) SG&A Selling Expenses Admin Expenses %Selling Expenses to Total Revenue %Admin Expenses to Total Revenue 19.7% 10.6% 9.1% 10.4% 8.1% 6.8% 7.7% 7.1% 6.8% 5.9% 95.0 91.9 84.7 89.7 30.6 58.5 22.6 39.2 31.7 12.8 2019 2020 2021 3M2021 3M2022 26
Slide 27: Financial Positions and Key Financial Ratios
Financial Positions and Key Financial Ratios (Unit : THB mm) Liabilities & Shareholders’ Equities (Unit : THB mm) Assets Retained earning Surplus from share-based payment Others PPE & Intangible assets Inventories Cash and cash equivalent Paid-up capital Other liabilities Interest bearing debt Accou
Slide 28: IV. Our Cost Control Measures
IV. Our Cost Control Measures
Slide 29: Cost Control
Cost Control • PEACE has partners that have been dealing with for long time • Most of construction materials prices are fixed until the end of project • Selling Prices were adjusted corresponding to the rising costs. Construction period reduced from 6-7 months • Recently, PEACE signed MOU with SCG,
Slide 30: V. New projects to be launched
V. New projects to be launched
Slide 31: Future Projects
Future Projects Project Project Value Unit Total 3 3,045 519 Projects THB mm. Unit 3Q2022 1Q2023 4Q2023 Targeted opening period KrungthepKrita - Romklao Ratchapruek - Jetsadabordhin Ratchapruek - Rama 5 648 MB / 83 Unit 1,845 MB / 298 Unit 552 MB / 138 Unit 31
Slide 32: Future Projects (Cont.)
Future Projects (Cont.) KrungthepKrita - Romklao Ratchapruek - Jetsadabordhin Ratchapruek - Rama 5 Location Lat Krabang, Bangkok Location Mueang, Nonthaburi Location Bang Kruai, Nonthaburi development and construction Status development and construction expected to transfer land ownership Status Sta
Slide 33: Past Projects, Current Active Projects, Future Projects
Past Projects Current Active Projects Future Projects 33
Slide 34: VI. Plan for Growth
VI. Plan for Growth
Slide 35: Plan for Growth
Plan for Growth Phase I Phase II Phase III Before Preparation After listing listing for listing 1 2 3 4 5 6 Year 2018 2021 2026 35
Slide 36: Keys Profit Drivers for the Next Five Years
Keys Profit Drivers for the Next Five Years Speedy acquisition and accumulation of lands More lands holding every year to support sustained growth Building a Strong Brand 36
Slide 37: Financial Projection
Financial Projection 5 years plan Revenue 3,5XX Double with in 3 year THB.m Revenue 2,3XX Triple with in 5 year 1,164.82 Year 2021 2024F 2026F 37
Slide 38: Thank You
Proce 1. Dang Thank You ~~
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