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.
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