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Vienna House MQ Kronberg im Taunus
GENERAL PRESENTATION 1Q 2020
U CITY PCL
Prepared by Investor Relations DepartmentU CITY PCL
Address: U City Public Company LimitedIR Department20th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd.Chomphon, Chatuchak, Bangkok, Thailand 10900
Telephone: +66(0) 2273 8838 Fax: +66(0) 2273 8858
Email: ir@ucity.co.th Website: www.ucity.co.th
This document has been prepared and distributed by the Investor Relations Department of U City Public Company Limited (“U City”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in U City and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. U City does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of U City or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.
All information contained in this document is presented as of the date indicated within, and U City assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. U City undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
DISCLAIMER
IR CONTACT
2
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Project Updates
Section 4 Company’s information
3
Prepared by Investor Relations DepartmentU CITY PCL
Formerly operating solely in Thailand, we expanded internationally since 2017 with a presence in 10 European countries and 6 Asian
and Middle Eastern countries with assets spanning from hotels across various ownership models to office buildings. Within U City’s
portfolio we have 119 hotels and more than 30,000 keys owned, leased and managed (operate and in pipeline), 4 office buildings,
and business interests spanning 17 countries globally
Total of 60 hotels and 2 office buildings
Total of 57 hotels, 2 office buildings, 16 condominium projects
PRESENCE IN 6 ASIAN& MIDDLE EASTERN COUNTRIES
PRESENCE IN 10 EUROPEAN COUNTRIES
• Austria• Belarus• Czech Republic• Germany• Poland• Romania• Russia• Slovakia• Switzerland• United Kingdom
• Thailand• Vietnam• Indonesia• India• Oman• Hong Kong
WE ARE A GLOBAL CAPITAL ALLOCATORInvesting in Diversified Assets Globally
24%Of total revenue from Thailand*
76%of total revenue from overseas*
THB 66.2bnTotal Asset Value*
4Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
Section 1: U City in Brief
* Total assets based on 1Q 2020, Revenues based on FY2019 excluded gain from sale of Mo Chit Land
Prepared by Investor Relations DepartmentU CITY PCL
KEY MILESTONES
5
1999 -2013
1993
Rehabilitation
1988
2015
2016
First
geographic
expansion into
Europe by
acquiring 33
Gracechurch,
an office
building in
London, UK
2017
Acquired a
hotel portfolio,
comprising of
24 pan-
European
hotels, and a
hotel
management
platform
2018
Becoming a
leading property
company after
acquiring the lion’s
share of BTS Group’s
property business
under Unicorn
Enterprises (UE),
which includes a
portfolio of hotels,
hotel management
platform, land bank
and residential
projects under BTS-
Sansiri joint ventures
Section 1: U City in Brief
• BTS Group became a major shareholder (35.64%)
• Name changed to“U City Public Company Limited”
2019
Revenue driven by new asset portfolios, whilst expanding into new businesses
• Acquired a hotel portfolio in central Europe, comprising 19 hotels in Germany and Switzerland.
• Obtained new office spaces via the acquisition of Noble Ploenchit (Office space) and secure future office space through the development of The Unicorn (mixed-use building complex).
• Restoration of Roi ChakSam heritage building, luxury boutique hotel
• International school business (Verso International School)
Listed on the SET
Company founded
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
Prepared by Investor Relations DepartmentU CITY PCL
STRATEGYPoised to Emerge as Thailand’s Leading International Property Investor
• Recycle capital for
future investment
• Potential for fee-based
income
• Access to expertise
and new business
opportunities
• Reduce developmentx
and investment risk
• Increase long-term firm
value and synergy
• Diversified portfolio
• Grow through project
development and
acquisition
• Enhance value
through prudent
management and
value engineering
• Maximize synergy
• To benefit from the
‘mass transit
premium’
6
INVESTMENTEFFICIENT USE
OF CAPITALSUSTAINABILITY PARTNERSHIPS
MASS TRANSIT LINK
5 PILLARS OF SUSTAINABLE VALUE ACCRETION
• Respond to changes
in consumer lifestyles,
including digital
disruption
• Environmental
awareness
• Benefit to communities
• Enterprise value/Return
to Shareholders
Section 1: U City in Brief
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
Prepared by Investor Relations DepartmentU CITY PCL
BUSINESS OVERVIEWHospitality Focused Portfolio at the Start of a Multi-Year Earnings Expansion Period
Hospitality Office
Residential Property Land Bank & Others
Hospitality segment includes a geographically diversified portfolio of owned, leased and managed hotels in Europe and Asia.
Office segment has lettable space comprising of 2 office buildings in London, UK and 2 office buildings in Bangkok, Thailand.
Through our 50% stake in the BTS-Sansiri JV (Sansiri JV), we develop condominiums near mass transit lines. We recognise equity income or a share of profit from the JV.
59% of our land bank value is located adjacent to future or current mass transit lines and is therefore well-positioned to benefit from the ‘mass transit premium’
33 Gracechurch Street, London
6-14 Underwood Street, London
TST Tower,Bangkok
Noble Comm. BldgBangkok
7Section 1: U City in Brief
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s information
8
Prepared by Investor Relations DepartmentU CITY PCL
RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYStrategic Expansion Flexibility Through a Diverse Spectrum of Brands
9Section 2.1: Hospitality
Management Platform Brands Under Management Details
Vienna House Capital(100% subsidiary)
Pan-European hotel portfolio, hotel management company and associated brands
4-star boutique hotels across South East Asia with a unique blend of local heritage and modern design
Absolute Hotel Services(50% JV)
3-5 star hotels under the motto of "Value For All Occasions" with signature properties in Thailand, India, Indonesia, Vietnam and Middle East
Travelodge is recognised worldwide as a leading brand in the midscale limited service segment
Two dynamic hotel management platforms that are mutually complementing, offering strategic flexibility
and a springboard for global expansion, under Vienna House and Absolute Hotel Services
Management Platform Brands Under Management Details
Vienna House Capital
(100% subsidiary)
Pan-European hotel portfolio, hotel management company
and associated brands
4-star boutique hotels across South East Asia with a unique
blend of local heritage and modern design
3-5 star hotels under the motto of "Value For All Occasions"
with signature properties in Thailand, India, Indonesia,
Vietnam and Middle East
Absolute Hotel Services
(50% JV) Travelodge is recognized worldwide as a leading brand in
the midscale limited service segment
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
Prepared by Investor Relations DepartmentU CITY PCL
RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYHotel Portfolio Snapshot
10
NUMBER OF HOTELS AND KEYS GEOGRAPHICAL BREAKDOWN BY KEYS
*Total owned and leased of Operating and in Pipeline**Total managed of Operating and in Pipeline
OWNED & LEASED
MANAGED
Section 2.1: Hospitality
Operating In Pipeline
hotels keys hotels keys
Subsidiaries 58 9,237 8 2,674
Owned 24 3,961 1 521
Leased 26 3,347 6 1,378
Managed 8 1,929 1 775
Joint Ventures 21 2,632 32 17,267
Managed 21 2,632 32 17,267
Total 79 11,869 40 19,941
Owned 24 3,961 1 521
Leased 26 3,347 6 1,378
Managed 29 4,561 33 18,042
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
Others5% Czech Republic
6%
Poland 16%
Thailand 18%
Germany 55%
9,207keys*
Indonesia3%
India3%
Others9%
Russia11%
Thailand15%
Vietnam59%
22,603keys**
Prepared by Investor Relations DepartmentU CITY PCL
OWNED HOTELS (24+1)A Geographically Diversified Hotel Portfolio
11
OWNED HOTEL PERFORMANCE
HOTELS IN OPERATION (24)
HOTELS IN PIPELINE (1)
(THB)
Section 2.1: Hospitality
Vienna Townhouse Batschari Baden-Baden
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
2,812 2,588 2,435 2,503 2,491
1,752 1,789 1,793 1,698 1,223
62.3%69.1%
73.6%67.8%
49.1%
1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020
ADR RevPAr OCC%
No. Hotel Name Country No. of Keys
1 Vienna House Amber Baltic Miedzyzdroje Poland 192
2 Vienna House Andel's Lodz Poland 277
3 Vienna House Diplomat Prague Czech Republic 398
4 Vienna House Easy Airport Bucharest Romania 176
5 Vienna House Easy Amberg Germany 110
6 Vienna House Easy Katowice Poland 203
7 Vienna House Easy Bad Oeynhausen Germany 146
8 Vienna House Easy Bratislava Slovakia 167
9 Vienna House Easy Braunschweig Germany 176
10 Vienna House Easy Castrop-Rauxel Germany 84
11 Vienna House Easy Coburg Germany 123
12 Vienna House Easy Cracow Poland 220
13 Vienna House Easy Günzburg Germany 100
14 Vienna House Easy Landsberg Germany 103
15 Vienna House Easy Limburg Germany 99
16 Vienna House Easy Neckarsulm Germany 95
17 Vienna House Easy Pilsen Czech Republic 144
18 Vienna House Easy Trier Germany 105
19 Vienna House Easy Wuppertal Germany 130
20 Eastin Grand Hotel Sathorn Thailand 390
21 Eastin Thana City Golf Resort Thailand 194
22 U Inchantree Kanchanaburi Thailand 50
23 Anantara Chiang Mai Thailand 84
24 Avani Khon Kaen Thailand 195
Total keys 3,961
No. Hotel Name Country No. of Keys
1 Eastin Grand Hotel Phayathai Thailand 521
Total keys 521
Prepared by Investor Relations DepartmentU CITY PCL
Vienna House MQ Kronberg im Taunus
OPERATING LEASED HOTELS (26+6)A Capital-Efficient Growth Vector for Our European Hotel Business
12
OP. LEASED HOTEL PERFORMANCE HOTELS IN OPERATION (26)
(THB)
Vienna House MQ Kronberg im Taunus
HOTELS IN PIPELINE (6)
Section 2.1: Hospitality Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
3,219 3,395 3,106 3,123 3,011
1,997 2,565 2,417 2,259
1,521
62.0%
75.6% 77.8%72.3%
50.5%
1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020
ADR RevPAr OCC%
No. Hotel Name Country No. of Keys
1 Vienna House Andel's Berlin Germany 557
2 Vienna House Andel's Cracow Poland 159
3 Vienna House Easy Berlin Germany 152
4 Vienna House Easy Leipzig Germany 205
5 Vienna House QF Dresden Germany 95
6 Vienna House MQ Kronberg im Taunus Germany 96
7 Vienna House Mokotow Warsaw Poland 164
8 Vienna House Sonne Rostock Germany 119
9 Vienna House Stadt Hamburg Wismar Germany 103
10 Vienna House Remarque Osnabrück Germany 156
11 Steigenberger Parkhotel Braunschweig Germany 180
12 Vienna House Thüringer Hof Eisenach Germany 127
13 Vienna House Easy Mo. Stuttgart Germany 131
14 Vienna House Easy Potsdam Germany 123
15 Vienna House Baltic Stralsund Germany 132
16 Vienna House Easy Osnabrück Germany 108
17 Vienna House Ernst Leitz Wetzlar Germany 129
18 Vienna Townhouse Batschari Baden-Baden Germany 69
19 Vienna Townhouse Bach Leipzig Germany 52
20 Vienna Townhouse Goethe Berlin Germany 47
21 Vienna House Easy München Germany 94
22 Vienna House zur Bleiche Schaffhausen Switzerland 130
23 Vienna House Easy Rostock Germany 48
24 Vienna House Easy Bremen Germany 44
25 U Chiang Mai Thailand 41
26 U Sathorn Thailand 86
Total keys 3,347
No. Hotel Name Country No. of Keys
1 Vienna House Easy Raunheim Germany 200
2 Vienna House Easy Wroclaw Poland 240
3 Vienna House Easy Mannheim Germany 128
4 Revo Munich Germany 607
5 Vienna House Easy Greifswald Germany 123
6 Project Roi Chak Sam Thailand 80
Total keys 1,378
Prepared by Investor Relations DepartmentU CITY PCL
13
HOTEL IN PIPELINE (33)HOTEL IN OPERATION (29)
Section 2.1: Hospitality
MANAGED HOTELS (29+33)Growth Engine that Benefits from Economies of Scale
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
No. Hotel Name Country No. of Keys
1 Angelo by Vienna House Ekaterinburg Russia 211
2 Angelo by Vienna House Prague Czech Republic 168
3 Liner Airport Hotel Ekaterinburg Russia 152
4 Marriott Minsk Hotel Belarus 217
5 Vienna House Andel's Prague Czech Republic 290
6 Vienna House Martinspark Dornbirn Austria 98
7 Eastin Ashta Resort Canguu Bali Indonesia 130
8 Vienna House Dream Castle Paris* France 397
9 Vienna House Magic Circus Paris* France 396
10 Eastin Easy Aishwarya Talegaon India 90
11 Eastin Grand Hotel Saigon Vietnam 268
12 Eastin Hotel Makkasan Thailand 280
13 Eastin Hotel Tan Chiang Mai Thailand 130
14 Eastin Residences Muscat Oman 50
15 Eastin Residences Vadodara India 44
16 Mountain Lodge By U Thailand 7
17 Travelodge Pattaya Central Thailand 164
18 Travelodge Sukhumvit 11 Thailand 224
19 U Janevalla Bandung Indonesia 119
20 U Jomtien Thailand 64
21 U Khao Yai Thailand 63
22 U Nimman Chiang Mai Thailand 150
23 U Pattaya Thailand 44
24 U Sukhumvit Thailand 82
25 U Tropicana Alibaug India 88
26 U Zenmaya Phuket Thailand 50
27 U Paasha Seminyal Bali Indonesia 99
28 Holiday Inn Munich Leuchtenbergring Germany 279
29 Holiday Inn Munich Westpark Germany 207
Total keys 27 hotels 4,561
No. Hotel Name Country No. of Keys
1 Travelodge Phuket Town Thailand 180
2 U Samui Thailand 60
3 Eastin Phat Linh Hotel Halong Vietnam 334
4 Eastin Hotel & Residences Hanoi Vietnam 200
5 Eastin Grand Hotel Nha Trang Vietnam 1,056
6 Eastin Hotel Harbour Bangkok Thailand 456
7 Eastin Hotel Nha Trang Vietnam 180
8 Eastin Easy Vita India 50
9 U Pravo Hong Kong Hong Kong 92
10 U Lombok Indonesia 110
11 U Manado Indonesia 120
12 U North Pattaya Thailand 270
13 Skye By Travelodge Nha Trang Vietnam 4,300
14 U Danang Vietnam 125
15 U Riverside Hoi An Vietnam 150
16 U Mui Ne Vietnam 108
17 U Phu Quoc Vietnam 150
18 Eastin Easy Pen India 350
19 Travelodge Nimman Chiang Mai Thailand 406
20 Travelodge Jomtien Thailand 150
21 Eastin Resort & Residences Rayong Thailand 150
22 U Sochi Russia 600
23 U Gelendzhik Russia 600
24 U Crimea Russia 700
25 U Saint Petersburg Russia 300
26 Eastin Residences Sri Racha Thailand 180
27 Travelodge Bangsean Thailand 160
28 Travelodge Krabi Thailand 150
29 Eastin Hotel Lang Hai Hanoi Vietnam 200
30 Eastin Grand Hotel Vung Tau Vietnam 4,000
31 Eastin Grand Hotel Hong Van Hotel Halong Vietnam 380
32 Eastin Grand Resort Danang Vietnam 1,000
33 Vienna House Vung Tau Vietnam 775
Total keys 18,042
*Contract terminated end of 1Q 2020
Prepared by Investor Relations DepartmentU CITY PCL
14
Vienna House Stadt Hamburg WismarVienna House QF DresdenVienna House Thüringer Hof Eisenach
Vienna House Zur Bleiche Schaffhausen Vienna House Andel's Berlin Vienna House Andel's Cracow
Section 2.1: Hospitality
Section 2.1: Hospitality Prepared by Investor Relations DepartmentU CITY PCL
16
Vienna Townhouse Bach Leipzig
Vienna Townhouse Bach LeipzigVienna Townhouse Bach
Leipzig
Vienna Townhouse Bach Leipzig
Vienna Townhouse Berlin
Vienna Townhouse Bach Leipzig Vienna Townhouse Bach Leipzig
Prepared by Investor Relations DepartmentU CITY PCL
16
Vienna House Easy BraunschweigVienna House Easy Amberg
Vienna House Easy Bad OeynhausenVienna House Easy Bratislava
Section 2.1: Hospitality
Vienna House Easy Limburg
Vienna House Easy Coburg
Prepared by Investor Relations DepartmentU CITY PCL
17
Visualization
VisualizationVisualization
VisualizationVisualization
VisualizationVisualization
Visualization
Section 2.1: Hospitality
Prepared by Investor Relations DepartmentU CITY PCL
18
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
Section 2.1: Hospitality
Prepared by Investor Relations DepartmentU CITY PCL
19
Eastin Grand Sathorn
Eastin Grand Sathorn Eastin Grand Sathorn
Eastin Grand Sathorn Eastin Grand Sathorn
Eastin Grand Sathorn
Section 2.1: Hospitality
Prepared by Investor Relations DepartmentU CITY PCL
20
Eastin Thana City Golf Resort Eastin Thana City Golf Resort Eastin Thana City Golf Resort
Eastin Thana City Golf Resort Eastin Thana City Golf ResortEastin Thana City Golf
Resort
Section 2.1: Hospitality
Prepared by Investor Relations DepartmentU CITY PCL
21
Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon
Section 2.1: Hospitality
Prepared by Investor Relations DepartmentU CITY PCL
22
Travelodge Pattaya
Travelodge Pattaya Travelodge Pattaya
Travelodge Pattaya Travelodge Pattaya
Travelodge Pattaya
Section 2.1: Hospitality
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Project Updates
Section 4 Company’s information
23
Prepared by Investor Relations DepartmentU CITY PCL
RECURRING INCOME PROPERTY BUSINESS – OFFICEOffice Portfolio Snapshot
24Section 2.2: Office
31,634 Sqm
Net Floor Area
94.2 %
Occupancy
Gracechurch Street Underwood Street Noble Comm. Building TST Tower
NET FLOOR AREA (SQM) & BLENDED OCCUPANCY RATE (%)
Information in this presentation is based on 1Q 2020 financial reports, except indicated otherwise
8,747 8,747 8,747 8,747 8,747 8,747 8,747 8,747 8,747 2,370 2,370 2,370 2,370 2,379 2,379 2,379 2,379
16,115 16,064 16,961 16,067 16,067 16,061 16,061 16,061 16,061
4,447 4,447 4,447 4,447
100.0% 100.0% 100.0% 99.0%91.2% 92.4% 92.4% 93.6% 94.2%
1Q '18 2Q '18 3Q '18 4Q '18 1Q '19 2Q '19 3Q '19 4Q '19 1Q '20
Gracechurch Underwood TST Tower Noble %OCC
2,379
Prepared by Investor Relations DepartmentU CITY PCL
Situated within the heart of the City of London,fronting the western side of Gracechurch Street,one of the City’s main thoroughfares, and benefitsfrom close walking distances to undergroundstations Bank and Monument
33 GRACECHURCH
STREET, LONDON
26
Property Details
Ownership150-year lease expiring on 18 Jan 2162(Approximately 141 years unexpired)
Head Rent GBP 204,000 p.a., with rent review every 5 years
Building Specifications
• Comprehensively refurbished and extended in 2007• NFA: 8,747 sqm
Tenants• 6 tenants• Average unexpired lease term of 5.1 years
Atmosphere around Gracechurch, London Atmosphere around Gracechurch, London
Atmosphere around Gracechurch, London
Section 2.2: Office
33 GRACECHURCH STREET, LONDON
Prepared by Investor Relations DepartmentU CITY PCL
27Section 2.2: Office
6-14 UNDERWOOD STREET, LONDON
Situated within the heart of the tech city area ofLondon and is less than 650 meters from Old StreetRoundabout, known as ‘Silicon Roundabout’.Technology, media and telecommunicationscompanies choose to relocate to the area. Theproperty also benefits from excellent transport links;including underground, rail and bus services.
6-14 UNDERWOOD STREET, LONDON
Property Details
Ownership85-year lease expiring on 25 Dec 2055(Approximately 35 years unexpired)
Head Rent GBP 111,250 p.a., with rent review every 14 years
Building Specifications
• Comprises of three attractive Victorian warehouse buildings
• NFA: 2,379 sqm over basement, ground and three upper floors
Tenants• 1 tenant• Average unexpired lease term of 10 years
Atmosphere around Underwood Street, London
Atmosphere around Underwood Street, London
Atmosphere around Underwood Street, London
Atmosphere around Underwood Street,
LondonAtmosphere around
Underwood Street, London
Prepared by Investor Relations DepartmentU CITY PCL
TST TOWER, BANGKOK
27
Situated in a burgeoning business area en-routeto Don Muang International Airport and 15 minsfrom Mochit BTS Station, the area is closed to anumber of major Thai corporate headquartersand foreign office
TST TOWER
Property Details
Ownership Freehold
Building Specifications
• High-rise office tower with multi-floor parking• NFA: 16,061 sqm on 24 floors
Anchor Tenants• BTS Group• VGI Media • Office of SME Promotion
Atmosphere around TST Tower
Atmosphere around TST Tower
Atmosphere around TST Tower
Atmosphere around TST Tower
Section 2.2: Office
Prepared by Investor Relations DepartmentU CITY PCL
NOBLE PLOENCHIT COMMERCIAL SPACE
28
12 Commercial Units, 4,447 sqm with a Direct Access from BTS Ploenchit
Property Details
Ownership Freehold
Building Specifications
• 12 commercial units, direct access from BTS Ploen Chit station
• NFA: 4,447 sqm
Tenants • Noble Development Plc ("Noble")
NOBLE COMM. BUILDING
Section 2.2: Office
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Project Updates
Section 4 Company’s information
29
Prepared by Investor Relations DepartmentU CITY PCL
RESIDENTIAL PROPERTY BUSINESS –SANSIRI JV
30Section 2.3: Residential Property Business
PARTNERSHIP ROADMAP
2015
2016
50:50 JV to develop a targeted THB 100bn worth of condominiums along current and future mass transit lines through the JV with Sansiri PCL with an expected NPAT margin 12%
2018
2017
The LINE WongsawangThe LINE
Sukhumvit 101
The LINE
Jatujak-Mo Chit
Fully transferred
The LINE
Sathorn• The LINE Jatujak – Mo Chit Project value: THB 5,815mn No. of units: 841
• The LINE Sukhumvit 71Project value: THB 1,967mn No. of units: 291
• The LINE RatchathewiProject value: THB 2,809mn No. of units: 231
• The BASE Phetkasem 29Project value: THB 1,947mn No. of units: 640
• The MONUMENT Thong LoProject value: THB 6,232mn No. of units: 127
• The LINE SathornProject value: THB 3,816mn No. of units: 327
• The LINE Asoke-RatchadaProject value: THB 3,022mn No. of units: 473
• The BASE Garden Rama 9Project value: THB 2,336mn No. of units: 640
• The LINE Phahon-PradipatProject value: THB 5,714mn No. of units: 981
• The LINE Sukhumvit 101Project value: THB 4,552mn No. of units: 778
• KHUN BY YOO Project value: THB 4,039mn No. of units: 148
• The LINE WongsawangProject value: THB 4,871mn No. of units: 1,287
• The BASE SaphanmaiProject value: THB 2,916mn No. of units: 820
• The LINE Phahonyothin ParkProject value: THB 4,751mn No. of units: 880
• The BASE Ratchada-ThapraProject value: THB 3,050mn No. of units: 1,037
2022
• The Line Rama9 Pung Muang Project value: THB 1,842mn No. of units: 315
2024
Prepared by Investor Relations DepartmentU CITY PCL
31
THE BASE Sapanmai
THE LINE Phahonyothin Park
THE LINE Phahon Pradipat
THE MONUMENT Thong Lo
KHUN BY YOO
THE LINE Sukhumvit 101THE LINE Sathon
THE BASE Phetkasem 29
THE LINE Wongsawang
Active Projects
Active Projects along Mass Transit Lines
Section 2.3: Residential Property Business
RESIDENTIAL PROPERTY BUSINESS – SANSIRI JVPresales Update and Backlog Schedule
*Backlog as of 31 March 2020 (100% of JV performance)
PRESALES BACKLOG 2020
THB mn
ProjectsProject Value
(THB mn)
The Monument Thonglor 413
THE LINE Wongsawang 332
THE LINE Sukhumvit 101 933
THE LINE Phahon Pradipat 1,213
THE BASE Petchkasem 29 401
KHUN By Yoo 568
THE BASE Sapaan Mai 424
Total 4,284
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Project Updates
Section 4 Company’s information
32
Prepared by Investor Relations DepartmentU CITY PCL
LAND BANKSufficient Land Bank For Multi-Year Development
Khukhot51.7 rai (8.3 ha)
Bangkrachao25.4 rai (4.1 ha)
Ratburana27.5 rai (4.4 ha)
Suksawad16.6 rai (2.7 ha)
Land Bank
NATIONWIDE LANDBANK PORTFOLIO
Total of 872.7 rai (1.4mn sqm) divided into 123.5 rai (0.2mn sqm) located in Bangkok & Vicinities and 749.2 rai (1.2mn sqm) upcountry
Bangkok & Vicinities
123.5 rai (19.8 ha)
Nakorn Ratchasima
747.2 rai (119.6 ha)
Chonburi (to be disposed)
2.0 rai (0.3 ha)
BOOK VALUE OF LAND BANK 31 MAR 2020
THB bn Book Value
Bangkok & Vicinities 5.8
Upcountry 1.4
Total Land Bank 7.2
% Near Mass Transit 59%
Land Bank along Mass Transit Lines
Section 3: Land Bank and Project Updates 34
Sukhumvit2.2 rai (0.4 ha)
Prepared by Investor Relations DepartmentU CITY PCL
THE UNICORN, PHAYATHAI
34
RetailNFA: 2,816 sqm
Hotel & ResidenceNFA: 28,274 sqm
Office NFA: 22,499 sqm
Project Details
51 levels of mixed-use building comprising retail, office, hotel
and residence
Project value Approximately THB 9.3bn
Land Area 7.3 Rai or 1.2 Ha (11,749.6 sqm)
GFA 120,395 sqm
LocationAdjacent to 2 mass transit stations: BTS Phayathai Station and Airport Rail Link
Status 14.23% Progress
Project period Approximately 48 months
Construction Period 3Q 2017 1Q 2022
Start Completion
THE UNICORN
Section 3: Land Bank and Project Updates
Prepared by Investor Relations DepartmentU CITY PCL
35
The Unicorn: Commercial Preliminary Concept Design
Section 3: Land Bank and Project Updates
Prepared by Investor Relations DepartmentU CITY PCL
Project Details
Total AreaNFA: 12,300 sqm
World-ClassDining Experience
5-Star Luxurious Hotel
THE CUSTOMS HOUSE (ROI CHAK SAM)
36
A luxurious 5-star hotel project in a rare, historic, colonial-era heritage building located
along magnificent Chao Praya Riverside
Project value Approximately THB 4.6bn
Land Area 5.15 Rai or 0.82 Ha (8,240 sqm)
LocationOn the Chao Praya Riverside, Soi Charoenkrung36, Bangrak, Bangkok
ConceptFocus on the harmony between the heritage custom house and new building
Management Company
Luxury hotel brand
StatusOn the Fine Arts Department submission processfor approval
Project Period 6 yearsConstruction Period
4Q 2019 2024
Start Completion
Section 3: Land Bank and Project Updates
ROI CHAK SAM
Prepared by Investor Relations DepartmentU CITY PCL
A 50:50 joint venture between U City and Hong Kong Corporation who has extensive experience in International School to provide educational services for up to 1,800 students from Pre-K to grade 12
VERSO INTERNATIONAL SCHOOL AT THANA CITY
37
Project Details
Project value Approximately THB 4.8bn
Land Area 79.4 Rai or 12.7 Ha (127,065 sqm)
Location Thana City
ConceptProviding unique learning experience and paring modern technology and contemporary teaching techniques
Status 90% Progress
Project period Approximately 39 months
Construction period
Opening Date August 2020
2017 2Q 2020
Start Completion
VERSO INTERNATIONAL
SCHOOL
Section 3: Land Bank and Project Updates
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Project Updates
Section 4 Company’s Information
38
Prepared by Investor Relations DepartmentU CITY PCL
COMPANY’S INFORMATION
39
STOCK PROFILE*
* SET as of 31 March 2020. Excludes preference shares
Mr. Keeree KanjanapasChairman of the Board of Directors
Mr. Rungson SriworasatIndependent Director / Chairman of Audit Committee / Nomination & Remuneration Committee
Mr. Chaiwat AtsawintarangkunIndependent Director / Chairman of Nomination & Remuneration Committee / Audit Committee
Mr. Plakorn WangleeIndependent Director / Audit, Nomination & Remuneration Committee
Mr. Surajit GongvatanaDirector / Chairman of Executive Committee
Mr. Kavin KanjanapasDirector
Mr. Kong Chi KeungDirector
Ms. Piyaporn PhanachetDirector / Chief Executive Officer
Mr. Sayam SiwarapornskulDirector / Chief Legal Officer / Company Secretary
Top 10 Shareholders**
BTS Group Holdings PCL 36.2%
Trophy CG Limited 10.8%
Thai NVDR 2.3%
Mr. Komol Jungrungreangkit 1.8%
South East Asia UK (Type C) Nominees Limited 1.7%
Ms. Sukalya Tongpan 1.6%
Mr. Vichit Chinwongvorakul 1.0%
Mr. Chaiyan Chakarakul 0.9%
Mr. Thongplew Siripornpitak 0.7%
Mr. Nethirat Pongnarusorn 0.7%
Stock Code U / U-P
Market Capitalisation THB 4,547mn
Total Outstanding Shares 5,614mn
Total Preference Shares 11,970mn
Website: http://www.ucity.co.th
BOARD OF DIRECTORS
Section 4: Company’s Information
** Shareholder Close Book as of 31 March 2020. Excludes preference shares
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