Ananda Development Public Co. Ltd. · SET:ANAN
Ananda Development Public — Q2 2018 Earnings Presentation
23 slides from Ananda Development Public's earnings presentation, Aug 8, 2018
Slide 1: Q2/2018 Analyst Meeting and Business Plan
Q2/2018 Analyst Meeting and Business Plan
Slide 2: Disclaimer
Disclaimer The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by Ananda Development Public Company Limited (the “Company”) to you solely for your reference. Neither this presentation nor any part thereof may be (i) used or relied upon
Slide 3: Q2/2018 Financial Statement
Q2/2018 FINANCIAL STATEMENT 2Q2018 1Q2018 2Q2017 % Q-o-Q % Y-o-Y M Baht % M Baht % M Baht % Total revenue 2,426 100% 2,821 100% 3,752 100% (14%) (35%) Revenue from sale of real estate 1,534 63% 1,853 66% 2,661 71% (17%) (42%) Other incomes 891 37% 968 34% 1,090 29% (8%) (18%) Gross Profit 695 30% 91
Slide 4: 1H/2018 Financial Statement
1H/2018 FINANCIAL STATEMENT 1H2018 1H2017 % Y-o-Y M Baht % M Baht % Total revenue 5,246 100% 6,066 100% (14%) Revenue from sale of real estate 3,387 65% 4,238 70% (20%) Other incomes 1,859 35% 1,828 30% 2% Gross Profit 1,605 32% 2,056 36% (22%) SG&A 1,312 25% 1,224 20% 7% Selling expenses 489 9% 522
Slide 5: Q2/2018 Financial Statement
Q2/2018 FINANCIAL STATEMENT 2Q2018 1Q2018 2Q2017 % Q-o-Q % Y-o-Y M Baht M Baht M Baht Cash balance and equivalent 1,585 5,239 1,842 (70%) (14%) Assets 35,504 35,727 26,147 (1%) 36% Interest bearing debts 17,274 18,142 10,897 (5%) 59% Liabilities 21,642 22,174 14,350 (2%) 51% Shareholders' equity 13,
Slide 6: 2018 Transfer Target
2018 TRANSFER TARGET 38,000 MILLION BAHT 15,086 38,000 91 % CONDOMINIUM ANANDA 152 21,475 SHARES OF % 12,077 TRANSFERS GROWTH 9 2013 2014 2015 2016 2017 2018 2017 % HOUSING 28 % ABOVE 147 GROWTH % GUIDANCE YOY Transfer 1Q18A 2Q18F 2Q18A 3Q18F 4Q18F 1H18A 2018F Condo 1,342 1,134 993 956 558 2,335 3,8
Slide 7: 2018 Transfer Target
2018 TRANSFER TARGET 70 9 % NEW CONDO PROJECTS OF TRANSFERS THAT COMPLETE THIS COMING FROM YEAR Transfer Begins 1Q18 2Q18 3Q18 4Q18 7
Slide 8: Ashton Asoke Begins Transfer in Q2
ASHTON ASOKE BEGINS TRANSFER IN Q2 Project Value Backlog Unsold Inventory Transfer %Net Sold %Transfer (M Baht) (M Baht) (M Baht) (M Baht 6,707 74.0% 4,028 1,741 938 14.0% EXPECT TO TRANSFER ASHTON ASOKE OF 75% BY END 2018 & 25% BY END 2019 8
Slide 9: Presales Update by Quarter
PRESALES UPDATE BY QUARTER 35,120 MILLION BAHT 13 % HOUSING 39 % ABOVE GUIDANCE 87 % CONDOMINIUM PRESALES 1Q18A 2Q18F 2Q18A 3Q18F 4Q18F 2018F CONDOMINIUM 5,851 6,674 9,793 6,709 8,213 30,566 HOUSING 834 971 825 1,054 1,840 4,554 TOTAL (MILLION BAHT) 6,685 7,644 10,618 7,764 10,053 35,120 9
Slide 10: 2018 Project Launches by Quarter
2018 PROJECT LAUNCHES BY QUARTER 27,100 MILLION BAHT 13 PROJECTS 5 JOINT VENTURE PROJECTS NO. LAUNCH BEGINS 1Q18A 2Q18F 2Q18A 3Q18F 4Q18F 2018F Condo 4,325 6,822 6,822 5,086 6,044 22,278 Housing - 1,224 401 3,607 814 4,822 TOTAL (MILLION BAHT) 4,325 8,047 7,223 8,694 6,858 27,100 NO. OF CONDO PROJEC
Slide 11: 2018 Project Launch Target
2018 PROJECT LAUNCH TARGET 27,100 MILLION BAHT 82 % CONDOMINIUM 13 6 PROJECTS 5 PROJECTS JOINT VENTURE PROJECTS 42,450 92% OF CONDO LAUNCH 27,100 2013 2014 2015 2016 2017 2018 18 % HOUSING 7 PROJECTS 11
Slide 12: New Launches in Q2
NEW LAUNCHES IN Q2 Ideo Rama 9-Asoke Unio Town Phetkasem 110 Project value (M Baht) 6,822 Project value (M Baht) 401 No. of unit 1,232 No. of unit 129 Soft launched date June 2018 Soft launched date June 2018 %Sales rate (As of July 2018) 83.5% %Sales rate (As of July 2018) 20.4% Expected transfer d
Slide 13: Record Backlog
RECORD BACKLOG Backlog 85% of the second 54.6 Bn Baht half of 2018 transfers secured by backlog 23,277 MILLION BAHT 19,857 MILLION BAHT 12,036 8,279 9,306 MILLION BAHT 4,560 9,578 9,660 2,126 MILLION BAHT 4,746 2,000 2,126 955 626 2018 2019 2020 2021 Ananda's Backlog - Condo Ananda's Backlog in JV -
Slide 14: 2018 Business Plan
2018 BUSINESS PLAN TRANSFERS ANANDA SHARE IN PRESALES LAUNCHES TRANSFERS 152 83 (36) % % MAINTAIN HIGH LEVEL % GROWTH GROWTH GROWTH 2017 2017 FROM 2017 2017 38,000 22,128 34,920 35,120 42,450 12,077 27,100 15,098 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 20
Slide 15: 2Q/2018 Summary
2Q/2018 SUMMARY ❖ Transfers grew 147% YoY ❖ Record backlog – 54.6 Bn Baht ❖ Transfers beat guidance by 28% ❖ Successful launches ❖ Net Profit grew 303% QoQ and 109% YoY ❖ Ashton Asoke transferred ahead schedule ❖ Net Profit Margin rose from 7% to 24% YoY of Quarter 4 ❖ Presales beat guidance by 39%
Slide 16: Economy and Market
ECONOMY and MARKET ❖ Economic situation stable ❖ Banks remain strongly supportive Bond ❖ GDP growth projections revisions up ❖ Our customer group remains “cashed up” and ❖ Increased government disbursement with good credit ❖ Land price increases slowing ❖ Mass Transit Supply/Demand varies by station
Slide 17: 2018 Summary
2018 SUMMARY 2013 2014 2015 2016 2017 Item 2018 Guidance Actual Actual Actual Actual Actual Transfers1 (M Baht) 8,808 9,678 9,598 15,866 15,098 35,000-41,000 Launches (M Baht) 34,213 14,954 34,828 20,693 42,450 26,000-28,000 Presales (M Baht) 21,083 20,898 26,235 25,175 34,920 34,000-36,000 Gross Pr
Slide 18: Interim Dividend
INTERIM DIVIDEND ❖ The company’s intention has always been to provide investors with a good dividend as well as capital growth ❖ Our stated policy has been to pay a dividend when the Board thought it was appropriate and prudent ❖ Continues our record of increasing the dividend every year since IPO B
Slide 19: Thank You
Scan QR Code to talk to Ananda IR Chatbot Thank You Contact: Dr. John Millar Mr. Komsan Atthaphonphithak Chief Strategic Development Officer Senior Investor Relations Manager Ananda Development Public Company Limited Ananda Development Public Company Limited john@ananda.co.th komsan@ananda.co.th +66
Slide 20: Current Projects As Of June 2018
Current Projects As Of June 2018 Unsold Updated: Jun 30, 2018 Value Backlog Project Launched Type %Net Sold Inventory %Transfer (M Baht) (M Baht) (M Baht) ADO: Atoll (Housing) Feb-13 Housing 3,217 54.4% 21 1,466 53.8% AD18: Ashton Asoke (JV) Sep-14 Condo 6,707 74.0% 4,028 1,741 14.0% AD17: Ideo Q Si
Slide 21: Current Projects As Of June 2018 (Cont.)
Current Projects As Of June 2018 (Cont.) Unsold Updated: Jun 30, 2018 Value % Net Backlog Project Launched Type Inventory %Transfer (M Baht) Sold (M Baht) (M Baht) AD18: Unio Ramkhamhaeng-Serithai Mar-17 Condo 852 45.1% 384 468 - AD19: Unio H Tiwanon Mar-17 Condo 784 35.7% 280 504 - AD17: Artale Pha
Slide 22: Cancellation Rate
Cancellation Rate 6.0% 5.0% 4.6% 4.0% 3.0% 2.0% 1.0% 0.0% 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 31.0% 26.0% 21.0% 16.0% 15.3% 11.0% 6.0% 1.0% 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 7.0% 5.0% 4.9% 3.0% 1.0% 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1
Slide 23: Mortgage Rejection Rate
Mortgage Rejection Rate 15.0% 10.0% 6.7% 5.0% 0.0% 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 40.0% 30.0% 20.0% 19.3% 10.0% 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 16.0% 11.0% 7.5% 6.0% 1.0% 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Note: % Mort
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