Prinsiri Public Co. Ltd. · SET:PRIN
Prinsiri Public — Opportunity Day (March 2006)
44 slides from Prinsiri Public's conference presentation, Mar 23, 2006
Slide 1: Prinsiri Public Company Limited Opportunity Day
( ) Prinsiri Public Company Limited Presentation Opportunity Day 1 23 March 2006
Slide 2: Contents
Contents Company Profile Operation Overview Industry Overview Financial Highlights Company Highlights 2
Slide 3: Company Profile
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Slide 4: Company Profile
Company Profile Main Business : Property Development Establishment : February 23, 2000 Listed : November 7, 2005 Paid-up Capital : 670 Million Baht No. of Shares : 670 Million Shares Par Value : 1 Baht Head Office : 123 Sun Towers A 12th Fl., Vibhavadi-Rangsit, Chompol, Chatuchak, Bangkok 10900 No.
Slide 5: Group Structure
Group Structure Prinsiri Plc. Paid-up Capital 670 Million Baht 99.99% 51.00% Grow Yotha Group Co.,Ltd. Prinventure Co.,Ltd. Paid-up Capital 10 Million Baht Paid-up Capital 5 Million Baht 5
Slide 6: Board of Directors & Management Team
Board of Directors & Management Team Board of Directors 1. Mr.Mongkol Pao-in Chaiman 2. Mr.Surabhon Kwunchaithunya Chairman of Audit Committee 3. Ltn.Sivaraks Phinicharomna Audit Committee 4. Mr.Amnat Ngamsuriyarote Audit Committee 5. Ms.Siriluck Kovitchindachai Director Executive Committee 6. Mr.Kw
Slide 7: Shareholder Structure
Shareholder Structure As of 28 February 2006 (670 Million Shares) Public 23.99% Kovitchindachai Group 76.01% 7
Slide 8: Products
Products “Experience a Truly Charming Home Amidst Lush Nature” “ ... ” Single Detached Home Single Detached Home Town House (Premium Market) (Middle Market) (Siritawara) (Prinyada) (Prinyaluck) Other (The Pulse) 8
Slide 9: Products: Siritawara
Products Single Detached Home (Premium Market) Siritawara 9
Slide 10: Products: Prinyada
Products Single Detached Home (Middle Market) Prinyada 10
Slide 11: Products: Prinyaluck Town House
Products Town House Prinyaluck 11
Slide 12: Products: The Pulse Condominium
Products Condominium The Pulse 12
Slide 13: Achievements
Achievements Awards of Merit from Pacific Coast Builders Conference (PCBC), San Francisco, USA, Year 2001 & 2004 Year 2001 Year 2001 Year 2004 Best Single Family Best Single Family Best Single Family Detached Home Detached Home Detached Home 13 (under 1,800 sf) (2,601–3,000 sf) (3,300-3,600 sf)
Slide 14: Marketing Strategy
Marketing Strategy Product Differentiation Profit Through Image Differentiation Customer Brand Awareness Satisfaction 14
Slide 15: Operation Overview
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Slide 16: Sold Out / Completed Projects
Sold Out / Completed Projects Project Characteristics Opening Sold-out Sold & Transferred date date Unit Value (MB.) % Prinsiri Soi Samakomphad 2-Storey SDH Sep-00 Dec-02 90 496.96 18.38 Prinsiri Privacy 2-Storey SDH Mar-02 Jun-03 25 213.54 7.90 Prinyaluck Chamchan 3-Storey TH Jun-02 Feb-04 137 318.
Slide 17: Current Projects
Current Projects As at 31 December 2005 Project Opening Total Sold Transferred date Unit Value (MB.) Unit Value (MB.) % Unit Value (MB.) % Prinsiri Nawamin Sep-02 88 727.72 85 683.72 93.95 85 683.72 93.95 Prinsiri Nuanchan Mar-03 49 415.09 49 415.09 100.00 48 398.09 95.90 Prinyada Chamchan Sep-03 27
Slide 18: Projects Status
Projects Status (MB.) 209.59 Prinyaluck Exclusive 98.64 80.23 As at 31 December 2005 538.12 Prinyaluck Rama II 424.81 157.34 304.10 Prinyada Theparak Phase II 285.97 126.75 1,046.23 Prinyada Sathon Ring Road 961.47 306.61 395.91 Prinyada Theparak Phase I 237.45 231.62 1,128.05 Siritawara Oriental 67
Slide 19: Projects Location
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Slide 20: Projects Location
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Slide 21: Projects Location
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Slide 22: New Projects Launched in 2006
New Projects Launched in 2006 Total Expected Opening Date Project Characteristics Unit Value (MB.) Q1/06 Q2/06 Q3/06 Q4/06 Prinsiri Projects Prinyada Rama II Phase I 2 stories SDH 69 513 Prinyaluck Intraluck 3 stories TH 42 168 The Pulse Condominium - Lardprao 9 stories Condo 202 323 Prinyaluck Sath
Slide 23: Industry Overview
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Slide 24: Housing Registration in BKK & Vicinity
Housing Registration in BKK & Vicinity (Unit) (%) 80,000 8 CAGR 16.19% 8.01% 70,000 67,829 7 62,796 60,000 6 50,594 50,000 5 40,000 4 34,023 34,035 32,028 30,000 3 20,000 2 10,000 1 0 0 2000 2001 2002 2003 2004 2005 Source : Bank of Thailand Launched Unit GDP (%) 24
Slide 25: Housing Registration by Category
Housing Registration in BKK & Vicinity By Category 100% 31.62 80% 36.76 37.21 51.98 56.40 57.72 3.48 60% 3.77 9.81 5.79 40% 17.59 13.79 64.90 59.47 52.98 20% 42.22 26.01 28.48 0% 2000 2001 2002 2003 2004 2005 Housing Project Apartment & Condominium Self-Buit Housing Source : Bank of Thailand 25
Slide 26: New Housing Launched in BKK & Vicinity
New Housing Launched in BKK & Vicinity Year 2004 Year 2005 Total Newly Launched Total Newly Launched 62,437 Unit 58,006 Unit Land, 1% Land, 3% Condominium, 24% Detached, 31% Condominium, 30% Detached, 39% Shop House, 4% Duplex, 5% Shop House, 3% Duplex, 3% Town House, 29% Town House, 28% Source : AR
Slide 27: Demand of Housing Price
Demand of Housing Price Price (Baht) Person % > 500,000 1,432 6.76 78.94% 500,001 - 1,000,000 4,797 22.64 1,000,001 - 1,500,000 3,855 18.19 1,500,001 - 2,000,000 3,163 14.93 500,001 Baht - 2,00,0001 - 3,000,000 3,294 15.55 4,000,000 Baht 3,000,001 - 4,000,000 1,618 7.64 4,000,001 - 5,000,000 1,042 4
Slide 28: New Housing Launched by Price Range
New Housing Launched in BKK & Vicinity Year 2005 By Price Range 500,001 Baht 80.57% - 5,000,000 Baht Price (Baht) Detached Duplex Town House Shop House Condominium Land Total > 500,001 - - - - 863 1,370 2,233 500,001 - 1,000,000 565 314 6,045 9 4,757 - 11,690 1,000,001 - 2,000,000 2,086 1,108 6,582
Slide 29: Housing Demand in BKK & Vicinity 2006 Estimate
Housing Demand in BKK & Vicinity Year 2006 (Estimate) 0.25% - 6.15% 68,000 – 72,000 67,829 Unit Unit Year 2005 Year 2006 Source : Estimate by GHB 29
Slide 30: Financial Highlights
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Slide 31: Total Revenues
Total Revenues (MB.) 2,325.34 2,500 CAGR 83.49 % 2,000 1,486.66 1,500 1,170.44 1,000 376.41 500 - 2002 2003 2004 2005 31
Slide 32: Revenue Structure
Revenue Structure Total Revenue Total Revenue 1,486.65 MB. 2,325.34 MB. Other Revenues Other Revenues 4.01% 1.17% Revenue from Sales SDH - Prem. market Townhouse 3.07% 18.42% 22.23% Townhouse 18.05% SDH - Prem. market 37.94% Year 2004 Year 2005 SDH - Middle market SDH - Middle market 38.66% 56.44% 3
Slide 33: Revenues by Quarterly
Revenues by Quarterly 2003 2004 2005 Q1 Q1 16.53% Q1 12.93% 12.88% Q2 9.91% Q2 Q2 Q4 11.58% Q4 42.76% 16.87% 47.78% Q4 56.90% Q3 20.26% Q3 Q3 27.50% 24.11% 33
Slide 34: Gross Profit Margin
Gross Profit Margin 35% 30.9% 30% 28.8% 25% 21.3% 20.3% 20% 15% 10% 5% 0% 2002 2003 2004 2005 34
Slide 35: Net Profit
Net Profit (MB.) 350 304.75 300 CAGR 155.51 % 250 184.19 200 150 114.11 100 50 18.27 - 35 2002 2003 2004 2005
Slide 36: Net Profit Margin
Net Profit Margin 14% 13.11% 12.39% 12% 9.75% 10% 8% 6% 4.85% 4% 2% 0% 36 2002 2003 2004 2005
Slide 37: COGS, SG&A
COGS , SG&A 100% 90% 11.47% 80% 6.45% 10.82% 11.43% 70% 60% 50% 40% 79.71% 78.71% 71.25% 69.72% 30% 20% 10% 0% 2002 2003 2004 2005 COGS SG&A Revenue 37
Slide 38: Total Asset, Total Liabilities & Total Equity
Total Asset, Total Liabilities & Total Equity (MB.) 3,500 3,196.99 3,000 2,500 2,200.83 2,124.42 2,000 1,748.08 1,613.29 1,448.91 1,500 1,334.70 1,000 850.97 789.72 673.54 587.54 500 177.43 - 2002 2003 2004 2005 38 Total Asset Total Liabilities Total Equity
Slide 39: ROE & D/E Ratio
ROE & D/E Ratio ROE D/E Ratio Times 35% 4 29.8% 3.80 30% 26.5% 3 2.75 25% 21.0% 20% 2 1.69 15% 17.0% 10% 1.21 1 5% 0% 0 2002 2003 2004 2005 2002 2003 2004 2005 39
Slide 40: Financial Highlights
Financial Highlights Items 2002 2003 2004 2005 Pre-Sales (THB M.) 634.9 844.5 2,117.4 2,660.3 Sales (THB M.) 374.0 1,168.8 1,469.2 2,241.0 Total Revenues (THB M.) 376.4 1,170.4 1,486.7 2,325.3 YoY , QoQ Chg (%) N.A. 210.9% 27.0% 56.4% Gross Profit (THB M.) 75.9 248.9 422.5 692.9 Gross Margin (%) 20.
Slide 41: Company Highlights
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Slide 42: Company Highlights
Company Highlights Long Experienced Management Excellent Location, High Growth Area Implement New Designs & Use of High Quality Materials Competitive Pricing with Effective Marketing Strategies Expanding Revenue Growth in Profit Margin Healthy Balance Sheet with Low D/E, High Interest Coverage 42
Slide 43: Investor Relation Contact
Investor Relation Contact Mr.Chatree Chancharoenrit Tel : (02) 617-6900 Ext. 602 Fax : (02) 617-6910-11 Email : chatree@prinsiri.com Address : 123 Sun Towers A 12th Fl., Vibhavadi-Rangsit, Chompol, Chatuchak, Bangkok 10900 43 Website : www.prinsiri.com
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Prinsiri Public Company — Opportunity Day (March 2006) on 6ix