Q2 2020 Analyst Meeting - listed companyap.listedcompany.com/misc/presentation/20200813-ap-am-2q... · 2020. 8. 13. · Q2 2020 Q1 2020 Q2 2019 y 61,986 55,295 Note: YTD 2020 land

Q2 2020 Analyst Meeting Date: 11th August 2020

Q2 2020 Performance

3,946 4,580 4,415 4,5815,985

4,719 4,202 4,403

6,732

307

11,135

1,3211,638 2,100

3,620 1,517

3,238

876849 759

851

9,223

1,610

910

1,992 1,177

1,1491,142

985

2,333725

2,727

2,502

3,452

698

1,840

Q4 18

16,643

238

307

Q2 19 Q1 20Q4 19 Q2 20

7,697

YTD2019

446

6,426

YTD2020Q3 19

6,124

Q1 18 Q2 18 Q1 19

8,4547,953

9,6678,932

5,4606,124

10,519

14,393

520

Q3 18

+92.6%

+15.6%

1,052 1,071 1,123 1,200

13,198

17,521

21,000

7,926

8,679

18,145

4,3503,431

5,229

4,227

7,140

4,411

28,214

2020FC2017 2018 (Restated)

307

2019

25,607

32,49933,690

+19% Condominium

51% JV

Service

Low Rise

13,191 MB+5.1%

+20.7%

Q2 2020 Revenue (+51% JV)

1Restated

Million Baht

7,792MB+63.6%

+15.7%

Q2 2020: AP Performance

2

Q2 2020: JV Performance

3

3,148

3,953

3,064

1,565

35.7%

20.5%

32.8%

20.8%19.1%

14.2%

19.4%

14.5%

Y2018 (Restated)

34.3%

22.9%

21.0%

12.9%

17.7%

Y2019

33.0%

19.5%

YTD 2019

12.5%

31.6%

17.7%

YTD 2020Y2017

13.9%

34.7%

20.2%

1,832

33.0%

36.1%

+17.1%

8651,188

927 973 1,078

487 618881

618

1,215

35.1%

33.7%

20.3%19.4%

16.8%

32.9%

15.6%

11.4%

Q4 19Q2 18

15.7%

34.5%

16.5%

31.9%

18.4%

32.3%

33.9%

18.6%

13.7%

Q3 18

11.4%

31.5%

22.2%

33.0%

19.2%

16.4%

20.4%

Q4 18

19.5%

23.9%

34.5%

19.3%

29.6%

17.8%

13.8%

36.6%

Q1 19

33.3%

10.2%

Q2 19

35.1%

35.9%

21.2%

Q1 18

10.5%

34.2%

Q3 19

38.7%

29.0%

23.6%

35.0%

20.8%

21.2%

19.8% 16.4%

15.6%

Q2 20

34.9% 35.1%

Q1 20

+149.3%

%SG&A

%GP

%NI

Net profit

Net Profit Quarterly Performance

Restated4

26,870 26,914 24,797

35,670 35,073

30,498

62,540

To

tal E

qu

ity

Q2 2019Q2 2020 Q1 2020

To

tal L

iab

ility

61,986

55,295

Note: YTD 2020 land spending = 1,511 MB

Q2 2020 Balance Sheet Position

*Due to the adoption of the new accounting standard (TFRS 16), outstanding debt and net debt to equity ratio from 2020 onwards are calculated by including lease liabilities. 5

Presales Update: 31st July 2020

19,65218,419

22,500

13,99615,537

21,646

14,438

11,000

10,061

2,636

24,057

20192018 2020FC YTD 2019 YTD 2020

41,298

32,857 33,500

18,173

-24.5%

5,210 4,7145,690

4,037

6,2225,065 4,557

2,574

5,096

7,716

2,726

13,99615,537

Q2 2019Q1 2018 Q2 2018 Q3 2019Q3 2018 Q4 2018 Q4 2019Q1 2019 Q1 2020 Q2 2020 July 2020 YTD 2019 YTD 2020

+52.3% +51.4%

+11.0%

4,806

2,534

7,738

6,568 6,363

3,144 3,210

1,721949 1,324

362

10,061

2,636

Q4 2019Q3 2018Q1 2018 Q4 2018Q2 2018 Q1 2019 YTD 2019Q3 2019Q2 2019 Q1 2020 Q2 2020 July 2020 YTD 2020

-57.9% +39.5%

-73.8%

Million Baht Condominium

Low Rise

Please note that there is no new CD launch in YTD 2020.

4 Launches = 16,100 MB

Presales Performance as of 31st July 2020

451 501

6

+11.0%

22,500

15,537

11,000

2,636

33,500 33,500

YTD Presales

8,364

Presales Target

6,963

YTG

Condominium

Low rise

Presales THB Million

Low Rise 15,537

Condominium 2,636

of which JV Condo 1,278

Total Presales 18,173

% Achievement 54.2%

2020 Presales Target 33,500

Presales Achievement as of 31st July 2020

YTG = 332 MB / Week

7

Sold Out Condo Projects

Aspire Udornthani

Aspire Sathorn - Taksin Phase 3

Aspire Ngamwongwan Coo PhitsanulokAspire Erawan Phase I

Life Pinklao (JV) Life Sukhumvit 62 (JV)

Q1 2020 Q2 2020

8

Backlog by Segment: AP & JV

Note: Data as of 31st July 2020

*Backlog includes July 2020 transfer value which is not yet announced.

9

Backlog by Segment: AP & JV

Low Rise

20%

AP Condo 8%

JV Condo

72%

Low rise = 9,143 MBCondo = 36,941 MB• AP Condo = 3,799 MB• JV Condo = 33,142 MB

Total Backlog = 46,084 MB

2,146 1,653

10,768

2,170

7,018

13,186

2020 2021 2022

2,170

9,164

2023

10,768

14,839

Note: Data as of 31st July 2020

Total CD Backlog = 36,941 MB

10

18,48617,194

10,768

14,650

2,170

10,500

5,265

2020

14,839

2021 2022 2023 2024

17,722 AP Backlog

Based Completion

JV Backlog

Note: Data as of 31st July 2020

Total Condo Backlog: THB 36.9 Billion

Q1

Q3

Q1

Q3

AP JV

11

25,350

12,745

9,143

2,146

Revenue Target YTD

24,034 5.2%

AP Backlog THB Million

Low rise 9,143

Condominium(2020 Portion)

2,146

6M 2020 Property Revenue 12,745

Total Backlog (2020 Portion) 24,034

% Secured Revenue 94.8%

2020 Property Revenue Target 25,350

Property Revenue

2020 Condo BL

Low Rise BL

Revenue & Backlog as of 31st July 2020

12

2020 Revised Launch Plan

1H 2020 Launch Summary

14 Low Rise Projects (THB 15,475 Million)

1H 2020: Focus on low rise

4 TownhouseTHB 3,000 Million

10 Single-Detached HouseTHB 12,475 Million

• Q1 2020: 4 Projects (5,205 Million)• Q2 2020: 6 Projects (7,270 Million)

• Q1 2020: 3 Projects (2,820 Million)• Q2 2020: 1 Project (180 Million)

13

28,090

20,760 8,025 7,450

17,10027,100

38,960

15,595 7,890

Q2 2020

16,245

2018 2019 Q1 20202020

4,700

Q3 2020

6504,050

Q4 2020

47,86045,190

43,660

11,940

+5.9%-8.8%

Low Rise

Upcountry

Number of Project 2020 Q1’20 Q2’20 Q3’20 Q4’20

Single-Detached House 18 4 6 6 2

Townhouse 18 3 1 8 6

Upcountry 5 - - 1 4

Total 41 7 7 15 12

+110.3%

2020 New Launch Phasing

+8 Projects (8,610 MB)

43,660 MB

(21)

(6)

(28)

(4)

14

Introducing Upcountry Projects

Chiangrai

Bangkok

Ayutthaya

Khonkaen

Rayong

Nakhonsrithammarat

M A S T E R P L A N F O R T O M O R R O W

ก า ร เ ด ิ น ห น้ า ข ย า ย ข อ บ เ ข ต ใ น ก า รส ร้ า ง พิ ม พ์ เ ขี ย ว แ ห่ ง ก า ร อ ยู ่ อ า ศั ยคุ ณ ภ า พ ใ ห้ ค ล อ บ ค ลุ ม ค ว า ม ต้ อ ง ก า รข อ ง ค น ไ ท ย ม า ก ยิ่ ง ข้ึ น

5 Projects = 4,700 Million

15

August: 7 Projects (THB 7,145 Million)

2H 2020 Launch Timeline

1 SDH: THB 1,210 Million 6 TH: THB 5,935 Million

16

September: 8 Projects (THB 9,100 Million)

2H 2020 Launch Timeline

5 SDH: THB 4,945 Million 2 TH: THB 3,505 Million1 UPC: THB 650 Million

(Nakhonsrithammarat)

17

Q4: 12 Projects (THB 11,940 Million)

2H 2020 Launch Timeline

OCT 5 TH: THB 3,890 MillionNOV 1 TH: THB 2,200 Million

OCT 2 UPC: THB 1,800 Million (Rayong & Khonkaen)

NOV 2 UPC: THB 2,250 Million (Chiang Rai & Ayutthaya)

NOV 2 SDH: THB 1,800 Million

18

2H 2020 Launch Summary

2H 2020: More to come from low rise

14 Townhouse

THB 15,530 Million

8 Single-Detached House

THB 7,955 Million• Q3 2020: 6 Projects (6,155 Million)• Q4 2020: 2 Projects (1,800 Million)

• Q3 2020: 8 Projects (9,440 Million)• Q4 2020: 6 Projects (6,090 Million)

Bangkok and Vicinities Upcountry

5 Projects

THB 4,700 Million

• Q3 2020: 1 Project (650 Million)• Q4 2020: 4 Projects (4,050 Million)

27 Low Rise Projects (THB 28,185 Million)

1H 2020: 4 Projects (THB 3,000 Million)1H 2020: 10 Projects (THB 12,475 Million)

19

Q 3 2 0 2 0 A n a l y s t M e e t i n g :1 0 t h N o v e m b e r 2 0 2 0 @ 3 : 0 0 P M

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Disclaimer:

This presentation may include information which is forward-looking in nature. Forward-looking information involves known and unknown risks, uncertainties, and other factors including economic condition of the industry that AP (Thailand) operates which may impact the actual outcomes and general achievement of AP (Thailand) business forecast and may cause the actual results, performance, or achievement of AP (Thailand) to differ, perhaps materially, from the results, performance, or achievements expressed or implied in this presentation.

Thank You

For more information, please visit www.apthai.comIR Contact: [email protected]: +66-2261-2518-22