Nc Housing Public Co., Ltd. · SET:NCH
Nc Housing Public — FY2023 Earnings Presentation
31 slides from Nc Housing Public's earnings presentation, Mar 15, 2024
Slide 1: Opportunity Day 4Q23 & YE2023
Opportunity Day 4Q23 & YE2023 N.C. HOUSING PUBLIC COMPANY LIMITED MARCH 15, 2024
Slide 2: Company Overview
2 Company Overview
Slide 3: Stepping into Year 30th
3 N.C. Housing Plc. NCH (SET) Established: 1994 (2537) Listed in SET: 2004 (2547) Stepping into Registered and paid capital: Year 30th THB 1,245 million Initial registered capital of 20 million baht to operate a real estate development business under the project name “Baan Fah” with the concept “Kno
Slide 4: Business Scope
4 Business Scope • Property Development • Land Development • Project Management • Community Management • Precast Product • Wellness • Sport Club
Slide 5: Key Milestones
SINCE 1994 5 Key Milestones และ 29 years of success 300 WORTH >47,150 MB 69 PROJECTS OVERALL
Slide 6: Update on Projects
6 Update on Projects
Slide 7: Active & Upcoming Projects Overview
OVERVIEW 7 As of Dec 31, 2023 Project Type Total Units Value (MB) Northern Bangkok 1 Baan Fah Piyarom Nordern (P16) SDH 141 957 2 Baan Fah Piyarom Neola (P17) SDH, DH, TH 318 1,033 3 Baan Fah Green Park Time DH, TH 439 880 4 NC on Green Charm Classic SDH 141 1,081 17 5 NC on Green Palm Park 2 DH,TH
Slide 8: Sales Backlog Inventory Overview
OVERVIEW 8 As of Dec 31, 2023 Sales Up country Condominium Location Type 80% 82% Sub urban Landed project Avg. per unit Backlog Inventory > 5MB Price 327 MB 7,442 MB 72% Avg. per unit 58 units 1,803 units < 5MB Avg.per unit Avg. per unit Avg.per unit < 5MB Avg. per unit < 5MB > 5MB > 5MB 52% 75%
Slide 9: Baan Fah Township
Baan Fah Township UPDATE ON PROJECTS >> NC PIYAROM WELL LIVING << 9 As of Dec 31, 2023 - Categorized By Location 17 Projects, 5,427 units, Value ~12,800 MB Over 1,4000,000 m2 of Land Over 1,250,000 m2 of Building Northern Bangkok Rangsit-Ongkarak / Lamlukka
Slide 10: Project sold status 88%
10 88% SOLD ONLY LAST 17 UNITS SDH Starts 7.39-17.00 MB
Slide 11: Project sold status 98%
11 SDH 98% SOLD ONLY LAST 5 UNITS SDH Starts 4.79 MB
Slide 12: Golf Course Township
UPDATE ON PROJECTS Golf Course Township 12 As of Dec 31, 2023 - Categorized By Location 6 Projects, 1,094 units, Value ~6,000 MB Over 487,256 m2 of Land Over 198,030 m2 of Building Northern Bangkok Rangsit-Ongkarak / Lamlukka Palm Park 2 Charm 2 Home on Green Charm 1 Village 2 Palm Park 1 Home on Gr
Slide 13: Project sold status 80%
13 80% SOLD RMNG 28 UNITS SDH Starts About us. 5.59-19 MB
Slide 14: Project sold status 91%
14 91% SOLD RMNG 27 UNITS DH,TH Starts About us. 3.99 MB
Slide 15: Project starting prices and sold percentages
15 69% Sold DH,TH 31% Sold DH 20% Sold SDH,DH Starts 1.69 MB Starts 3.99 MB Starts 5.69 MB
Slide 16: Update on Projects by Location
UPDATE ON PROJECTS 16 As of Dec 31, 2023 - Categorized By Location Western NorthernBangkok Bangkok Eastern Bangkok Pinklao / Phutthamonthon Rangsit-Ongkarak / Lamlukka Srinakarin Chonburi
Slide 17: Western Bangkok project sales status
17 55% Sold SDH,DH,TH Starts 2.90-11.00 MB 20% Sold SDH,DH Starts 6.80-8.90 MB
Slide 18: Project sales status
18 24% Sold SDH Starts 13.00 MB 2% Sold DH,TH Starts 2.45 MB DH, TH
Slide 19: Chonburi projects
19 TH 5% Sold TH Starts 2.49 MB Categorized By Location - Chonburi 62% Sold DH Starts 4.00 MB DH
Slide 20: Performance 4Q23 & YE2023
20 Performance 4Q23 & YE2023
Slide 21: Performance Highlights
PERFORMANCE 21 Highlights 4Q23 YE23 Pre-sale Transfer* Pre-sale Transfer* 943 -26.67% YoY MB 516 -25.22% YoY MB 4,882 +4.01% YoY MB 2,299 -11.26% YoY MB Total Revenue Net Profit Total Revenue Net Profit 533 -24.56% YoY MB 28 MB -58.83% YoY 2,366 -10.64% YoY MB 152 -54.96% YoY MB *AKA Revenue from Sa
Slide 22: Pre-sale
PERFORMANCE 22 Pre-sale 4Q23 : 943 MB YE23 : 4,882 MB +4.01% YoY -26.67% YoY -16.70% QoQ
Slide 23: Transfer
PERFORMANCE 23 Transfer 4Q23 : 516 MB YE23 : 2,299 MB -11.27% YoY -25.20% YoY +8.63% QoQ
Slide 24: Gross Profit and Gross Profit Margin
PERFORMANCE 24 Gross Profit and %Gross Profit Margin 4Q23 : 168 MB YE23 : 779 MB GPM GPM 37% 34% -18.71% YoY -32.35% YoY +0.25% QoQ
Slide 25: SG&A
PERFORMANCE 25 SG&A 4Q23 : 150 MB YE23 : 540 MB SG&AM SG&AM +8.21% YoY -2.17% YoY +21.04% QoQ
Slide 26: Net Profit and Net Profit Margin
PERFORMANCE 26 Net Profit and %Net Profit Margin 4Q23 : 28 MB YE23 : 152 MB NPM NPM 37% 34% -54.96% YoY -58.83% YoY +202.55% QoQ
Slide 27: Financial Position
PERFORMANCE 27 Financial Position Assets Unit: MB Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 5,594 +9.49% YoY MB Liabilities 2,454 +23.40% YoY MB Equity 3,140 D/E Ratio 0.78 ROA 4.37% ROE 5.15% MB P/E 7.68 +0.63% YoY P/BV 0.39
Slide 28: Business Outlook
28 Business Outlook
Slide 29: Target 2024: Plans, Goals, and Strategies
TARGET Y2024 29 Plans, Goals, and Strategies 6 SALES TRANSFERS TARGET TARGET 5,000 MB 3,000 MB NEW PROJECTS ARE EXPECTED TO LAUNCH >7,200 • Landed projects • Segment 5-7 MB GREEN CONCEPT GROW CUSTOMER GUIDELINE • 4 Locations BKK- Eastern BKK- design, project concept, BASE TO ESG MB Nonthaburi archit
Slide 30: NC Well Living to ESG 2024
30 NC WELL LIVING TO ESG 2024 GREEN LIVING • Energy • Environment • Zero Waste WELL LIVING • Well Being • Economy • Education SMART LIVING • Community • Mobility • Security
Slide 31: Thank You | Q&A
THANK YOU I Q&A Opportunity Day 4Q23 & YE2023 N.C. HOUSING PUBLIC COMPANY LIMITED MARCH 15, 2024
N.C. Housing Public Company — FY2023 Earnings Presentation on 6ix