Singha Estate Public Company Limited · SET:S
Singha Estate Public — Q3 2021 Earnings Presentation
21 slides from Singha Estate Public's earnings presentation, Nov 19, 2021
Slide 1: Analyst meeting Q3/2021
Analyst meeting Q3/2021 19th November 2021 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 • Q3/2021 KEY HIGHLIGHTS • 9M2021 PERFORMANCE BY BUSINESS • BUSINESS OUTLOOK • 9M2021 FINANCIAL PERFORMANCE © Singha Estate Public Company Limited
Slide 4: Q3/2021 Key Highlights
Q3/2021 Key Highlights © Singha Estate Public Company Limited
Slide 5: Q3/2021 Key Highlights
Q3/2021 Key Highlights Not only does UK Portfolio generate revenue to offset the deconsolidating of NVD, but also creates a stable long-term growth Hospitality Business ▪ UK Portfolio reported a drastically increase in occ. rate to >70% in 67% Aug and Sep 2021, brought up the performance of UK portf
Slide 6: Projects under Development
Projects under Development Combining of 4 platforms led us to becoming the complete cycle real estate developer Residential Business – Developed the luxury single-detached house at Pattanakarn 32 with project value of ~THB 3 billion, expected to launch in Q2/2022 - Additional 2 plots expected to acq
Slide 7: 9M2021 Performance by Business
9M2021 PERFORMANCE BY BUSINESS © Singha Estate Public Company Limited
Slide 8: Commercial Business
Commercial Business Overall occupancy surpassed pre-COVID 19 level mainly attributed to surge in occupancy rate of Singha Complex As of 30th September 2021 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 SUNTOWER Singha NLA (sq.m) 943 838 838 943 891 891 884 Occupancy rate (%) 100% 89% 89% 100% 94% 94% 94
Slide 9: Residential Business: Singha Estate PCL – 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 45% of project value As of 30th September 2021 The ESSE Asoke The ESSE at Singha Complex The ESSE The ESSE The ESSE Asoke at Singha Comple
Slide 10: Residential Business: Singha Estate PCL – Under development
Residential Business : Singha Estate PCL – Under development Take up rate sentiment would strongly bounce back upon the ease of lockdown As of 30th September 2021 The EXTRO Project value • THB 3,995mil Unit • 411 units Price per sq.m. • 213,544 % Sold • 11% Launch • Feb 2020 Estimated Transfer • 202
Slide 11: Residential Business: Singha Estate PCL – Landed property
Residential Business : Singha Estate PCL – Landed property In Q3/2021, the Company successfully sold 9 units of Santiburi the Residences, resulting in the accumulated take up rate about 37% of the project value As of 30th September 2021 Santiburi The Residences Project value • THB 4,942mil Unit • 25
Slide 12: Hospitality Business
Hospitality Business CROSSROADS Maldives shown the outperforming performance among other portfolios, thanks to its Quarantine-Free 4% 2% 9M2020 9M2021 Self-managed [5 hotels / 657 keys] * 23% Occupancy rate (%) 24% 13% 33% ADR (THB)(1) 38% 8,653 2,700 9M2020 9M2021 RevPAR (THB)(1) 2,090 342 THB 1,26
Slide 13: Hospitality Business
Hospitality Business Positive bottom line for UK Portfolio and CROSSROADS project throughout high season are expected United Kingdom* Maldives Thailand Domestic and Inter-regional demand International demand Domestic demand only 29 0 21 21 26 27 27 27 3 0 2 2 2 2 2 2 4 0 4 4 2 2 2 2 * Mercure Newbur
Slide 14: Business Outlook
BUSINESS OUTLOOK © Singha Estate Public Company Limited
Slide 15: Hospitality Business
HOSPITALITY BUSINESS Significant upside potential of revenue growth for Thailand, Mauritius and Fiji when the opening borders are in place United Kingdom Revenue Contribution by geography Thailand ▪ Q3/2021 REVPAR has reached 95% of RevPAR ▪ Foresee a business rebound for the rest of the 5% during t
Slide 16: Residential & Commercial Business
RESIDENTIAL & COMMERCIAL BUSINESS Continue to develop new detached house projects, reinforcing leadership in the luxury housing segment Residential Business ▪ Expected a recovery of condominium demand in accordance with the easing travel restrictions and government stimulus measures ▪ 100% sold out
Slide 17: 9M2021 Financial Performance
9M2021 FINANCIAL PERFORMANCE © Singha Estate Public Company Limited
Slide 18: Summary of Consolidated Financial Performance
SUMMARY OF CONSOLIDATED FINANCIAL PERFORMANCE Expanded business in a new source of revenue has emphasized the success direction to capture the faster business recovery Quarterly Revenue and Gross Profit Unit: THB million ▪ Revenue in Q3/2021 jumped by 20% on the back of earnings recovery of hospital
Slide 19: Financial Statement 9M2021
Financial Statement 9M2021 Recorded a minimal net loss, thanks to effective cost management, THB 196 million share of the gain from handing over units at The ESSE Sukhumvit 36 9M2021 9M21 9M2020 9M20 % Y-o-Y ▪ Despite consolidating UK Portfolio into the Company’s FS, THB mil % THB mil % selling and
Slide 20: Financial Highlights
Financial Highlights Net gearing ratio increased due mainly to consolidating interest bearing debt of UK Portfolio into the Company’s consolidated financial statement 30-Sep-21 31-Dec-20 % Chg. THB mil THB mil Total current assets 11,329 22,414 -49% Cash and cash equivalent 2,813 3,378 -17% Inventor
Slide 21: 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
Singha Estate Public Company — Q3 2021 Earnings Presentation on 6ix