Pruksa Real Estate Pcl. Quarter 1, 2013 Performance and ...

Pruksa Real Estate Pcl.

Quarter 1, 2013

Performance and Updates

Management Highlights

by

Mr. Thongma Vijitpongpun

President & Chief Executive Officer

Management Highlight

Business strategies • Continuous product improvement and quality improvement to meet customer satisfaction

• Long term sustainable business growth with strong financial position

• Looking to expand in major provinces outside of Bangkok such as Phuket, Chonburi, Ayutthaya,

Khon Kaen and Chiang Mai

1Q13 performance • Bt12.3bn in presales new record high with Bt4.9bn in condo, Bt4.8bn in townhouse and Bt2.6bn in SDH

• Bt6.3bn in revenue exceeded projection, up 35% YoY (93% from TH and SDH)

• Full implementation of “Real Estate Manufacturing” (REM) in TH and SDH. Construction time and cost

can be controlled, while also improving quality and efficiency

Financial strategies • Solid financial performance and strong capital structure: IBD/E ratio of 0.95x as of 1Q13

• Bt6.0bn debenture will be issued on May 15th

3

7,019

25,554

7,993 8,715

5,669

29,396

16,188

22,774

12,329

38,752

-1,000

4,000

9,000

14,000

19,000

24,000

29,000

34,000

39,000

2008 2009 2010 2011 1Q'12 2Q'12 3Q'12 4Q'12 2012 1Q'13

Townhouse Single Detached HouseCondominium Intern'l

Mill

ion

Bah

t

Net booking at a historical high exceeding 2Q’10 of Bt11,432m

117 % YoY

41 % QoQ

flooding

4

Apr.’13 Net booking was Bt. 2,364 m

23,407

6,340

27,141

8,364

4,675

6,868 7,234

23,422

19,033

13,033

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2008 2009 2010 2011 1Q'12 2Q'12 3Q'12 4Q'12 2012 1Q'13

Townhouse Single Detached HouseCondominium Intern'lOther income, Land

Mill

ion

Bah

t Revenue up 35% YoY : weakest quarter as planned

35 % YoY

flooding

5

24% QoQ

2,373

3,6223,488

2,835

633

1,002 1,0001,263

3,898

773

0

1,000

2,000

3,000

4,000

2008 2009 2010 2011 1Q'12 2Q'12 3Q'12 4Q'12 2012 1Q'13

Million Bt.

Net profit up 22% YoY

22 % YoY

39 % QoQ

6

India • Ongoing Project Bangalore

• New projects Bangalore II

Maldives Transferring

Vietnam Ongoing project

Haiphong

• Maintain light capital investment policy • Focus on the core country-India and Vietnam after gaining local insights and

experiences on business environment • Adopt Phase Model to balance sale and construction speed to mitigate inflation

risk

International Projects

7

Bangalore TH & SDH Construction updates

• Total project 401 units Bt. 1,645 m (321 villa, 80 row house)

• 2012 booking are Bt123 m with Bt252 m transferred

• As of 1Q’13, accumulated booking of Bt796 m, transferred Bt336 m

• New phase : under land acquisition stage

8

Vietnam (Hai Phong)

• 85% main share holder in JV Company which our local partner is Hoang Huy Service Investment Co.,

• JV Co. is now established and also received the investment license • 70% of Land has been expropriated and to be developed as a condominium project

in Hai Phong. • 1st phase expected to open for booking on Q3’13.

9

2013-Q1 Performance &

Pruksa Business Target 2013

by

Mr. Prasert Taedullayasatit

Director & Chief Business Officer

Business Performance

2012 The Beginning of Pruksa New High Record Story

- Presale Recovery

- New High Record of Revenue & Net Profit

2013 Best & Beautiful & Sexy

Best : Continuing New High Record of Revenue & Net Profit

Beautiful : Cash Flow & Balance Sheet (D/E)

Sexy : Aggressive more

- Strengthen Existing Business Platform (TH, SDH) - Segment of Condominium - Upcountry Market Launch Middle-to-Low segment Housing in Vietnam 12

2013 Presale Target

TH :, 6,063 TH :, 7,327TH :, 10,756

TH :, 17,032

TH :, 12,476TH :, 14,896 TH :, 16,423SDH :, 3,597

SDH :, 5,184

SDH :, 7,295

SDH :, 8,682

SDH :, 8,435

SDH :, 7655

SDH :, 9,038

CD : 3,986

CD : 3,677

CD : 4,723

CD : 12,340

CD : 4,265

CD : 6730

CD : 9,382

Inter : 698

Inter : 378

Inter : 116

Inter : 583

2007 2008 2009 2010 2011 2012 2013 (Target)

22,774 MB.

16,188 MB.

13,646 MB.

38,753 MB.

25,554 MB.

Growth +19%

Growth +41%

Growth +71%Growth -34%

1%

16%

33%

50%

35,427 MB.

46 %

26 %

26%

2%

29,396 MB.

Growth +29%

50.6%

26%

23%

0.4%

Growth +21%

Director & Chief Business Officer : Prasert Taedullayasatit 13

(As of date 31 March 2013)

2013 Presale Target & Actual

TH : 16,423

SDH : 9,038

CD : 9,382

2013 (Target) Actual (Jan-Mar)

35,427 MB.100%

(46%)

(26%)

(26%)

(2%)

New Presale : 23,098 (65%)

Inter : 583

Actual : 12,329(35%)


4,439 4,268 6,064 7,233

10,765

17,086

13,484

4,359 4,069 3,334 714 1,898

3,718 4,463 4,816

14,895

4,759

3,076 2,810

3,596

5,277

7,416

8,685

7,478

3,076 3,286 2,669

-596

1,149 2,123

2,394 1,989

7,655

2,627 70

3,986

3,677

4,594

12,282

4,215

927 1,506 1,723

109

2,653 1,109

1,099 1,868

6,730

4,873

699

378

104 308

-42

8

-30

68 37 42

116

69

7,515 7,148

13,646

16,187

22,775

38,752

25,554

8,466 9,1697,684

235

5,6697,019

7,993

8,715

29,396

12,329

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2005 2006 2007 2008 2009 2010 2011 Q1 '11 Q2 '11 Q3 ' 11 Q4 ' 11 Q1'12 Q2'12 Q3'12 Q4'12 2012 2013(Jan-Mar)

Inter

Condominium

Single detached house

Townhouse

Presale : Q1-2013


MB.

Director & Chief Business Officer : Prasert Taedullayasatit

Q / Q= +41%Y / Y = +118%

Target(Q1’13)= +99%

Growth (Q1’13)= +118%

Q1’13

15

2013 Revenue Target

TH : 5,149TH : 7,536

TH : 9,743TH : 11,948 TH : 11,503

TH : 14,908TH : 14,908

SDH : 3,862

SDH : 4,969

SDH : 5,601

SDH : 7,723SDH : 7,140

SDH : 8775

SDH : 9,032

CD : 43

CD : 564

CD : 3,596

CD : 3,608 CD : 4,487

CD : 2837

Inter : 100

Inter : 474

Inter : 617

Other : 38

Other : 65

Other : 78

2007 2008 2009 2010 2011 2012 2013 (Target)

26,994 MB.

19,033 MB.

13,034 MB.

9,093 MB.

23,280 MB. 23,230 MB.

Growth +19%

Growth +41%

Growth +22%Growth 0%

1%

19%

30%

50%

33,971 MB.

Growth +16%

2%

23%

26%

49%

Growth +26%

55%

33%

10%

2%

CD: 7,663


6,805 8,891 8,764 9,936 10,792 11,001 9,737 9,211 9,993 10,314 10,990 11,9773,011

4,348 4,2205,361

6,555 7,1195,516 5,043 4,144 4,576 3,336 3,832 26,419

12,828

15,248 16,98817,621

17,717 18,303

16,763 18,976 19,297 19,402 20,450

25,0657,291

0

550699

8031,111

994

977 765 773 758 619

535

7,698

22,644

29,037 30,671

33,72136,176 37,417

32,99333,995 34,208

35,049 35,396

41,409 41,409

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

Q2' 10 Q3'10 Q4'10 Q1'11 Q2' 11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 2013(31Mar)

Inc. Year

Inter Condo SDH TH

'2013

'2015

'2014

2013 Backlog

Director & Chief Business Officer : Prasert Taedullayasatit (As of date 31 March 2013)

CorporateCondo transfer 2013

Construction

area (m2) Sold UnsoldProject

Value(MB) Presale TransferPlum Naw amin 31,973 629 4 633 Mar-11 Transferred Apr-13The Seed Mingle 38,251 1,746 37 1,783 Sep-10 Transferred Apr-13The Tree Bangpoh 43,145 1,359 44 1,403 Oct-10 Aug-13Urbano Absolute 50,859 2,484 231 2,715 Jun-10 Aug-13Condolette Light 9,040 516 134 650 Oct-10 Jun-13Fuse Mobius 79,356 2,342 393 2,735 Aug-10 Jun-13Plum Condo Ladprao 101 22,788 475 170 644 Feb-12 Oct-13Total 275,412 9,551 1,013 10,563

Q1’13 by Year

Q1’13) By Type

17

Total : 32,734 MB.

= 97% of Target

2013 Revenue Target & Actual

New Presale : 1,237 MB.

= 3% of Target

2013(Target) Actual (Jan-Mar)

33,971 MB.

100%

Actual : 6,315 (19%)

Backlog : 26,419 (78%)

TH : 16,659(49%)

SDH : 9,032(26%)

CD : 7,663 (23%)

Inter : 617(2%)

New Presale: 1,237(3%)

(As of date 31 March 2013) Director & Chief Business Officer : Prasert Taedullayasatit 18

4,328 4,882 5,150 7,436

9,820 11,945 11,605

2,431 3,742 3,979 4,756

14,908

3,807

3,268 3,269

3,863

4,968

5,528

7,727 7,039

1,613

2,423 2,124 2,613

8,775

2,097

43

564

3,594

3,608 4,486

441

582 994 819

2,836

258

100

181

60 52 181

474

153

7,596 8,151 9,055

12,969

18,942

23,280 23,230

4,666

6,807 7,151

8,368

26,994

6,315

-

5,000

10,000

15,000

20,000

25,000

30,000

2005 2006 2007 2008 2009 2010 2011 Q1'12 Q2'12 Q3'12 Q4'12 2012 2013(Jan-Mar)

IB

Condominium

Single detached house

Townhouse

Revenue : Q1-2013

Q / Q = -25%

Y / Y= +35%

Target(Q1’13) = +19%

Growth (Q1’13)= +35%


MB.


Q1’13

19

Product Performance

4,308 4,671 4,649 3,663 4,293 4,575 4,188

608 1,036 965 1,579 1,244

573 176 1,486 3,974

4,838 4,483 5,946

1,077 1,493 1,672

1,704 1,236

302

1,302

1,422

1,835 1,453

2,820

411

750 766 894

576

328

679 806

1,319

259

349 357 355

372

99

340

300 6

47

-47 86

91

-

-

-

-

-

179

271

77

71 75

48 13

193

44 130

19 48 4,881

5,149

7,536

9,820

11,949 11,503

14,908

2,431

3,742 3,980 4,755 3,807

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

Villette Patio

Urbano (TH) Duplex Village

The Plant Citi Preuksa Town

The Connect Preuksa Ville

Baan Preuksa

3,8934,677

3,758 3,837

6184

4,366 4,080

477 987 1,206 1,410 1,102

365

548 2,199

4,242

6424

4,894 5,321

789

1,191 1,839 1,502 1,751

10

839

1,181

1,524

2881

1,851 2,515

73

844

689 908 902

88

907

1249

586

1,688

381

425

444 438 208

188

552

13

2

170

62

68

40 51

542228

-

-

-

283

149

47

14

-22

26 29 17

400

649

161

57

158

273 93

425

2

173 35

215 635

4,268

6,064

7,414

11,604

17,034

12,476

14,895

1,898

3,718

4,463 4,816 4,759

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

Villette

Patio

Urbano

Village

The Plant Citi

Pruksa Town

The Connect

Pruksa Ville

Baan Pruksa

Townhouse Segment

As of 31 March 2013

Townhouse Development

Pruksa Ville Baan Pruksa

The Plant Citi

Pruksa Town

New

The Connect

Urbano

Patio Villette

New

MB

35% 34% 51% 58% 66% 62%

TH Booking

TH Transfer

PS Share

Q on Q = -1%

Q on Q = -20%

Y on Y = +151%

Y on Y = +57%

MB


2,301 2,3671,799 1,446 1,461

463 160 6 43 46 64 38

273

1,945

1,196 1,919

448 497 479 493 394

9671,495 2,246

2,760

2,613

3,021 2,531

383786 661 700 582

824

1,049

1,703

1,9303,111

604

854 704 949784

424

504

93

131121 159

187

105

550

78

111 114 247113

3,268

3,862

4,869

5,528

7,7227,139

8,775

1,613

2,423 2,125 2,6142,097

0

3,000

6,000

9,000

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

Existing Passorn

New Passorn

Pruksa Village

The Plant

Pruksa Nara

1,688 1,9611,457 1,590

901182 233 7 98 87 41 18

8041,112

1,710 1,755

214 432 505 604 500

1,1221,554 2,648

2,509

3,8173,368

1,991

438778 537

237988

82

992

1,545

2,592

2,166

2,706

388

639 869810

862

257

481553

36

111 238168

172

528

411

2,810

3,597

5,097

6,448

8,679 8,435 7,655

1,149

2,123 2,394 1,993

2,627

0

3,000

6,000

9,000

12,000

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

Existing Passorn(Passorn7) Pruksa Village

The Plant Pruksa Nara

Pruksa Puri

Single Detached House Segment

SDH Development

Passorn Pruksa Village

The Plant

Pruksa Nara Pruksa Puri

New Passorn

SDH Transfer

7% 9% 12% 17% 21% 15% PS Share

SDH Booking

Q on Q = +32%

Q on Q = -20%

Y on Y = +129%

Y on Y = +30%

As of 31 March 2013

MB

MB


43143 87337

2,777

2,206 2,236

840242 254 229 115 52

83

732

1,401 1,331

546

93 95 176 182 40

293

7

5

326

260

50 19 145 92

295

22

571 377 76 43

563

3,5963,608

4,486

2,837

441 582994

819 2581,000

3,000

5,000

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

70 116 67 19 2

3,675

2,118 1,947

17

1,630709 266 198 114 131

24

1941,492 2,387

2,869

-803

-349 -45-91

-282 101

294 2,438

-74

2,289

1,058355 230 645 851

1,376

851

1,225

49756

222 450 150

1,749

746

855

335

180198 142

77

71

300

-4

3

2,238

733

974

262

217 115 3802,441

1,355

715

412

272104

27

9

466

610

6

88 47541

1,230

70

3,985 3,677

4,721

12,343

4,265

6,727

2,653 1,109 1,099

1,868

4,873

-1,000

1,000

3,000

5,000

7,000

9,000

11,000

13,000

15,000

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

City Ville IvyThe Seed The TreeCharpter One Condo LetteBe You FuseUrbano Plum CondoSeries10

194

3,985 3,67

City Ville IvyThe Seed The TreeCharpter One Condo LetteBe You FuseUrbano Plum CondoSeries10

IVY-River:IVY-Ratchada IVY-Sathon

Condominium Development

IVY City The Tree Be you

The Seed Musee The Seed Teere

The Seed Memories Siam

Condolette

Plum

Condominium Segment

CD Booking

CD Transfer

0.2% 1.2% 3.2% 2.2% 5% PS Share

Q on Q = +161%

Q on Q = -68%

Y on Y = +84%

Y on Y = -41%

As of 31 March 2013 MB

MB


95

221

96

23 16

86 73

4

252

84

37 36

95 81

99

474

181

60 52

181 153

0

100

200

300

400

500

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 2013(Jan-Mar)

679

-30 -7.03 -22 7 6 1 -6

20

408

123

-8

60 31 4075

699

378

116

-3068

37 42 69

-100

0

100

200

300

400

500

600

700

800

2006 2007 2008 2009 2010 2011 2012 Q1'12 Q2'12 Q3'12 Q4'12 13(Jan-Mar)

India Maldives

Coral Ville Hulhumale Maldives

International Development

International Business

Booking

Transfer

2013

As of 31 March 2013 MB

MB


TH : 21

TH : 47

TH; 15

SDH : 5

SDH :16

CD: 4

CD: 13

CD; 4

Inter: 2

2012 New Projects 2013 Target Q1'2013

TH SDH CD Inter

New Projects in 2012 -> 2013

2012 : 30 Projects

2013 Target : 78 Projects


Q1’ 2013 19 Projects


New Projects in Q1-2013


No. PROJECT NAME TYPE LOCATION UNIT VALUE (MB) LUANCHED

1 เดอะคอนเนค 10/1 TH ซ.แบริ�ง 58 สําโรงเหนือ เมืองสมุทรปราการ สมุทรปราการ 9 28 Jan-13

2 พฤกษาวิลล์ 41/1 ติวานนท์ -รังสิต (2) TH บางกะดี บางกะดี เมืองประทุมธานี ปทุมธานี 429 693 Feb-13

3 วิลเลต ไลท์ พัฒนาการ TH ถ.พัฒนาการ 32 สวนหลวง สวนหลวง กรุงเทพฯ 456 1,173 Feb-13

4 พฤกษาวิลล์ 38/1 TH กิ�งแก้ว-หนามแดง บางพลีใหญ่ บางพลี สมุทรปราการ 494 794 Feb-13

5 พฤกษาวิลล์ 63/1 TH บางไผ่น้อย เมืองนนทบุรี นนทบุรี 383 811 Mar-13

6 พฤกษาวิลล์ 58/1 (ภูเก็ต-ถลาง) TH เทพกษัตรีย์ ถลาง ภูเก็ต 203 399 Mar-13

7 พฤกษาวิลล์ 57 พัฒนาการ TH ถ.พัฒนาการ 32 สวนหลวง สวนหลวง กรุงเทพมหานคร 447 1,402 Mar-13

8 บ้านพฤกษา 78 (ฉลองกรุง) TH ลําปลาทิว ลาดกระบัง กรุงเทพมหานคร 339 499 Mar-13

9 The Connect 14 TH วัดเวฬุวนาราม 9 สีกัน ดอนเมือง กรุงเทพมหานคร 376 817 Mar-13

10 บ้านพนาลี 54/2 วงแหวนฯ -คลองถนน TH วงแหวนฯ -คลองถนน คลองถนน บางใหญ่ นนทบุรี 211 297 Mar-13

11 พฤกษาวิลล์ 61 บางม่วง TH บางม่วง บางใหญ่ นนทบุรี 254 576 Mar-13

12 บ้านพฤกษา 74/1 (พนาล)ี TH บางเมือง เมือง สมุทรปราการ 326 440 Mar-13

13 พฤกษาวิลล์ 62/2 นิมิตรใหม่ TH ถนนนิมิตรใหม่ ตําบลทรายกองดิน มีนบุรี กรุงเทพมหานคร 301 621 Mar-13

14 พฤกษาวิลล์ 60 TH ถนนหลวงแพ่ง จระเข้น้อย บางพลี สมุทรปราการ 386 741 Mar-13

15 พฤกษาวิลล์ 56/1 บรมราชชนนี TH ซ.บางเตย 5 ถ.บรมราชชนนี บางเตย สามพราน นครปฐม 300 556 Mar-13

TOWN HOUSE : 15 PROJECTS 4,914 9,847

SINGLE HOUSE : 0 PROJECT - -

1 ฟิวส์ วัลเล่ย์ ภูเก็ต CD ภูเก็ต 403 649 Feb-13

2 เดอะ ทรี พริวาต้า CD ประชาราษฎร์สาย 1 ต.บางซื�อ อ.ดุสิต กรุงเทพฯ 392 719 Feb-13

3 ฟิวส์ จันทน-์สาทร CD ถนนจันทน์ ทุ่งวัดดอน สาทร กรุงเทพมหานคร 1,227 3,843 Mar-13

4 พลัม คอนโด พหลโยธิน 89 CD ถ. พหลโยธิน 89 ประชาธิปัตย์ ธัญบุรี ปทุมธานี 7,855 7,438 Mar-13

CONDOMINIUM : 4 PROJECTS 9,877 12,649

19 PROJECTS 14,791 22,496

NEW PROJECTS IN Q1 - 2013

TOTAL Q1 :

(As of date 31 Mar 2013)

26

Active Project

Units MB Units MB Units MB

Total 149 66,806 148,283 38,476 87,511 28,330 60,772Bann Pruksa 21 11,866 14,210 7,979 9,547 3,887 4,662Pruksa Nara 3 919 2,744 474 1,463 445 1,282Pruksa Ville 29 11,289 21,366 6,420 11,655 4,869 9,710The Connect 10 3,425 8,725 1,919 4,785 1,506 3,940Passorn 9 3,495 13,906 2,043 8,174 1,452 5,732The Plant 10 2,607 11,817 1,374 6,959 1,233 4,858Pruksa Village 14 3,940 11,612 2,367 6,819 1,573 4,794Pruksa Town 19 5,112 12,500 2,850 6,764 2,262 5,736Pruksa Puri 3 616 2,559 280 1,028 336 1,531IVY 3 495 2,911 438 2,322 57 589The Tree 3 2,836 6,606 2,339 5,423 497 1,183Plum Condo 4 9,578 9,102 2,768 2,602 6,810 6,499Urbano 2 804 3,244 773 2,980 31 263Patio 3 670 2,850 272 1,144 398 1,706The Seed 2 531 1,783 521 1,746 10 37Chapter One 1 1,875 4,026 1,669 3,601 206 425Condolette 4 1,127 3,929 921 2,974 206 956Villette 3 1,196 3,592 431 1,288 765 2,304FUSE 4 3,844 8,998 2,233 4,975 1,611 4,023CORAL VILL (Maldives) 1 180 466 180 466 - - Silvana Bangalore (India) 1 401 1,338 225 796 176 543

Active Project No. of Projects

Total Project Value Sold Unsold 31 MAR 2013


Business Cycle Time (Day)

(Booking to Transfer) Total

TH+SDH

Condo

Units Transfer (Unit) Total

TH+SDH

Condo

Total Revenue (M฿) Total

TH+SDH

Condo

2005 2006 2007 2008 2009 2010 2011 2012 2013(Jan-Mar)

209

209

-

6,136

6,136

-

7,655

7,655

-

180

180

-

6,568

6,568

-

8,151

8,151

-

111

111

-

7,074

7,074

-

9,054

9,054

-

125

111

420

8,913

8,492

421

12,968

12,404

564

164

91

564

11,249

9,527

1,722

161

115

582

12,849

11,566

1,283

19,033

15,437

3,596

23,277

19,669

3,608

23,130

18,644

4,486

12,155

10,470

1,686

196

144

521

Business Cycle Time

12,283

11,353

930

192

167

513

26,520

23,683

2,837

Note: Excluded International Business / Unaudited Revenue from Real Estate

157

146

441

2,794

2,696

98

6,162

5,904

258



CorporateCondo transfer 2013

Construction

area (m2) Sold UnsoldProject

Value(MB) Presale TransferPlum Naw amin 31,973 629 4 633 Mar-11 Transferred Apr-13The Seed Mingle 38,251 1,746 37 1,783 Sep-10 Transferred Apr-13The Tree Bangpoh 43,145 1,359 44 1,403 Oct-10 Aug-13Urbano Absolute 50,859 2,484 231 2,715 Jun-10 Aug-13Condolette Light 9,040 516 134 650 Oct-10 Jun-13Fuse Mobius 79,356 2,342 393 2,735 Aug-10 Jun-13Plum Condo Ladprao 101 22,788 475 170 644 Feb-12 Oct-13Total 275,412 9,551 1,013 10,563

11,977 11,977

3,832 3,832

25,065

10,076

535

535

26,419 26,419 26,419

7,291 6,315 6,315

7,698

1,013 5,792

2,410

1,237

41,409 41,409

26,419

41,949

33,971

31Mar13 Inc.Year Backlog 2013 2013Revenue

map

2013Revenue

Target

Assumption : 1. TH/SDH สง่มอบใน 146 วัน (5 เดอืน)

2. Condo Low Rise สง่มอบใน 18 เดอืน

Condo High Rise สง่มอบใน 30 เดอืน

Backlog 2013

CD stock unsold Actual

TH/SDH/CD/INTER

Pre-Q2’13 TH/SDH

TH

SDH

CD

INTER

Backlog 2013

(78%)

Unsold (4%) (100%)

Target Growth +26%

2013 Target 33,971 +7,978

TH

(29%)

SDH

(9%)

CD

(61%)

INTER (1%)

(100%)

2013 (63%)

2014

(18%)

2015

(19%)

(100%) Pre-Q3’13 TH/SDH(Jul)

Actual TH/SDH/CD/INTER

(18%)

Pruksa Revenue Map & 2013 Revenue Target (As of date 31 Mar 2013)

Revenue Map Backlog (31Mar13)


Backlog (31Mar13) by Year

Backlog (31Mar13) By Type

29

Financial Performance

by

Mr. Edward J. Cooper, Jr.

Director & Chief Finance and Risk Officer

1,6752,490

1,002 1,263

3,898

2,1922,705

2,382

8,6989,250

1,672

7,284

8,846

1,000 773633355

2,835

3,4883,622

32.0%34.6%

35.8%37.1%

34.0%34.7%

37.8%

33.8%

38.3% 34.4%

12.2%14.4%

15.1%14.6%

14.9%

7.5%

19.0%

13.5% 13.8%12.1%

0

2,000

4,000

6,000

8,000

10,000

'09 '10 4Q'11 '11 1Q'12 2Q'12 3Q'12 4Q'12 '12 1Q'130%

10%

20%

30%

40%

50%

Gross Margin (m Baht) Net Margin (m Baht) Gross Margin (%) Net Margin (%)

Gross margin, Net margin

Million Baht Percent

31

41,250

42,070 41,982 41,753 41,988 41,588 43,821

48,688

15,894 16,657

16,996 17,629 17,762 18,797 20,082 20,962

18,678 19,281 20,307 19,003 19,032 17,490 17,527 19,873

1.601.53

1.47 1.36 1.361.21

1.181.32

1.18 1.16 1.191.08 1.07

0.93 0.870.95

0

0.5

1

1.5

0

10,000

20,000

30,000

40,000

50,000

2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13Asset LiabilitiesEquity Interest Bearing debt

Million Baht

Times

IBD ratio is well-managed to be within internal target policy of 1.25 times

Liability Ratio

32

68%62%

44%

62%

45%

66% 69%78%

63%55%

10% 7%3% 7% 6%

10% 10% 12% 9% 7%

25%19%

8%18%

15%23% 22% 26%

21%15%

41,25042,070 41,982 41,982 41,753 41,987 41,588

43,821 43,821

48,688

0%

20%

40%

60%

80%

100%

120%

140%

2Q'11 3Q'11 4Q'11 2011 1Q'12 2Q'12 3Q'12 4Q'12 2012 1Q'13

Avg. Asset T / O Avg. ROA Avg. ROE Total Asset

ROA , ROE & Asset T/O

Million Bt.

33

15, 90422, 806 23, 792 23, 657 25, 492 25, 790 29, 0392, 045

5, 371 6, 115 5, 286 4, 895 4, 4854, 445

9, 148

7, 524 6, 432 6, 718 4, 655 6, 646 7, 351

28, 083

36, 709 37, 400 36, 739 36, 109 38, 019 42, 004

0

10,000

20,000

30,000

40,000

50,000

'10 '11 1Q'12 2Q'12 3Q'12 '12 1Q'13

Land under Dev. Land,House for sale Projects developingSample houses Construct. Materials Grand total

Million Bt.

Property development projects : gross

34

13%

10%

12,256 15,923 16,109 15,263 16,286 16,116 17,382

1,687

3,099 3,657 4,056 4,556 4,891 6,310

15,904

22,80623,792 23,657 25,492 25,790

29,039

0

10,000

20,000

30,000

'10 '11 1Q'12 2Q'12 3Q'12 '12 1Q'13

Interest Overhead : construction InfrastructureConstruction Land Dev. LandProjects under dev.

Project under Development boosted from land &

construction

Million Bt.

35

29%

8%

0.33 0.55 0.5 0.4 0.5

3.8 4.65.9

6.9 7.7 8 8 8.5 9.07 9.07 9.4

0.6 1.08 1.64 1.580.29 0.45 0.45 0.57

1.760.35

8.4

17.8 18.5

11.6

15.3 15.7

21.1 21.1

3028.75

0.221.28

4.4

18

0

5

10

15

20

25

30

35

'07 '08 '09 '10 2011 1Q'12 2Q'12 3Q'12 4Q'12 '12 1Q'13 09-May

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000MKT. Cap in SET @ period endDividend per shareBook Value per shareEarning per shareEnding PS price in SET

Per share & Return performance B

t. / s

hare

(bar

gra

ph)

Million Bt.

36

Pruksa Real Estate Public Company Limited SM Tower 979/83 Phaholyothin Rd., Samsen Nai, Phayatthai, BKK 10400 Pruksa Call Center 1739 www.pruksa.com

Pruksa Real Estate Pcl. Quarter 1, 2013 Performance and ...

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