Opportunity Day 2017 My Life My Origin - 12-Mar-2018 - Origin Property
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Opportunity Day 2017
My Life My Origin
Presented by IR Team
12-Mar-2018
2
Disclaimers
The information (“Confidential Information”) contained in this presentation provided by Origin Property Public Company Limited is strictly confidential and is for information purposes only and does not constitute
an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Origin Property Public Company Limited (“Company”, and shares in the Company, “Shares”) in any
jurisdiction, not should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever.
Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduce in any form or by any means;
or (iii) redistributed, passed on or otherwise disseminated to any other person either in your organization or elsewhere, without the prior written consent of the Company. By attending this presentation,
participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company.
In addition, this presentation contains projection and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on a
number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many
cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements which are based on the current view of the management of
the Company on future events. No assurance can be given that future events will occur that projects will be achieved, or that the Company’s assumptions are correct.
The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events or otherwise. These
statements can be recognized by the use of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and
assumptions.
Although care has been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the Confidential Information is subject to
change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company. None of the Company, or any of their
respective members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation
or its contents or otherwise arising in connection therewith.
3
Presentation Contents
1 Company Overview
2 Summary of Operating Performance Y2017
3 Business Outlook
4 2018 Business Plan
5 5 years plan
Company Overview
4
Joint Venture
Residential For Sale
39 Projects 5 Projects
Project value 51,908 MB Project value 19,600 MB
1 Project 1 Project
Project value 800 MB Project value 2,500 MB
Recurring Income Services Business
3 Projects
Revenue from service
Project value 8,500 MB
Approx. 100 MB /year
(Calculate by Income
approach method)
Origin Residential Product 5
Luxury > 200,000 Baht/Sq.m.
High End 120,000 – 200,000 Baht/Sq.m.
Mid End 80,000 – 120,000 Baht/Sq.m.
Entry Level < 80,000 Baht/Sq.m.
A modern residence with “London luxury
affordable” concept to fit with all family
members’ need .
Origin Housing 6
Product Segmentation 7
Single Detached House ( Premium)
20% 8-20 MB
Single and/or Detached House
40% ( Economy)
5-8 MB
Townhome/Home Office
40%
3-5 MB
Joint Venture 2017 8
TOTAL PROJECT VALUE 22,500 MB.
Condominium Hotel
KNIGHTSBRIDGE KNIGHTSBRIDGE KNIGHTSBRIDGE KNIGHTSBRIDGE PARK THONGLOR STAYBRIDGE SUITE
COLLAGE - RAMKHAMHAENG PRIME - ONNUT PRIME - RATCHAYOTHIN SPACE - RATCHAYOTHIN (PHASE 1) THONG LOR
(Hotel Project value 2,500 MB which is calculated by Income approach method)
Benefit from Joint Venture 9
x
• KNOW HOW – TECHNOLOGY, INNOVATION DESIGN
• CUSTOMER BASED STRATEGY
• PROPERTY MANAGEMENT
• BROKERAGE – CUSTOMER NETWORK
Potential JV Business 10 CONDOMINIUM CONDOMINIUM HOTEL & SERVICED HOTEL & SERVICED APARTMENT APARTMENT PROPERTY PROPERTY MANAGEMENT MANAGEMENT RETAIL / OFFICE ORIGIN 24 RETAIL / OFFICE HOUSING HOUSING WAREHOUSE WAREHOUSE
11 Recurring Income
BUSINESS STRUCTURE
12
BUILD TO SUIT WAREHOUSERECURRING INCOME BUSINESS PLAN
13
TOTAL PROJECT VALUE 14,500 MB.
ORIGIN 24 NEW NEW
BANGKOK THONGLOR SIRACHA LEAMCHABANG CHONBURI SIRACHA BANGKOK HAMPTON I HAMPTON II
HOTEL & SERVICE APARTMENT HOTEL & SERVICE APARTMENT HOTEL & SERVICE APARTMENT MIXED USE
Asset Value by Income approach Asset Value by Income approach Asset Value by Income approach Asset Value by Income approach NEW PROJECT NEW PROJECT
method 2,500 MB, 303 units method 2,200 MB, 347 units method 2,800 MB, 400 units method 3,500 MB, 400 units
2020 2021 2022 2023ORIGIN ONE BANGKOK CLUSTER 14
MIXED USE
HOTEL & SERVICE APARTMENT
OFFICE
PHAYA THAI AREA
MIXED USE
PHAYATHAI
**FUTURE PLAN** HOTEL & SERVICE APARTMENT
RAMA IX
**FUTURE PLAN**
HOTEL & SERVICE APARTMENT
SUKHUMVIT
**FUTURE PLAN**
HOTEL & SERVICE APARTMENT
MIXED USE THONGLOR
MIXED USE SUKHUMVIT
SATHORN OFFICE
**FUTURE PLAN**
SUKHUMVIT
LOWER SUKHUMVIT- SATHORN **FUTURE PLAN**
AREA MID SUHUMVIT AREA
HOTEL & SERVICE APARTMENT
BANGNA
**FUTURE PLAN**ORIGIN ONE EEC CLUSTER 15
EXCLUSIVE AREA : CHONBURI & RAYONG AREA
SIRACHA & LEAMCHABANG AREA RAYONG AREA >> POTENTIAL
RAYONG AREA
HOTEL & SERVICE APARTMENT
CHONBURI SIRACHA
SIRACHA AREA MIXED USE
RAYONG
HOTEL & SERVICE APARTMENT
RAYONG
HOTEL & SERVICE APARTMENT
SIRACHA LEAMCHABANG
MIXED USE PATTAYA AREA >> POTENTIAL
SIRACHA LEAMCHABANG
HOTEL & SERVICE APARTMENT
LEAMCHABANG AREA PATTAYA
PATTAYA AREA16 Summary of Operating Performance Y2017
2017 Key Deliverables 17
Acquired 100% share of Knightsbridge The Ocean
Proud Residence Co.Ltd. First project in EEC completed
May Q3
Sept Dec
Joint Venture with One of
Nomura Real Estate SET 100Financial Highlight Y 2017 Presale 2017
14,757 MB increase 3,913 MB (36%) due to 18
12 Months the increase of presale the new projects
2016 2017 Diff % Diff
Presale 10,843.9 14,760.0 3,916.1 36.1%
Total Revenues 2017
12 Months 9,988 MB increase 6,789 MB (212%) due to mainly the completion of 9
2016 2017 Diff % Diff projects in the year 2017 and gain on sales of investments in subsidiaries
Revenues 641mb (Joint Ventures with Nomura Real Estate Development” (NRED) –
Revenues from sale 3,153.1 8,764.9 5,611.8 177.98%
one of world’s leading real estate developer in Japan)
Gain from selling sub-ordinary co., 0.0 641.1 641.1 100.00%
Other revenues 46.0 581.8 535.8 1165.46%
Total revenues 3,199.0 9,987.7 6,788.7 212.21% COGS 2017
COGS 1,724.2 5,662.4 3,938.3 228.42% 5,662 MB increase 3,938 MB (228%) which was in line with the increase
Gross Profit 1,428.9 3,102.4 1,673.5 117.12%
of the revenues from sale and recognize cost from Purchase Price
Selling expenses 507.9 1,179.2 671.2 132.15%
Admin expenses 158.5 273.3 114.8 72.46% Allocation from acquiring Park Origin Co.,Ltd (formerly known as “Proud
EBIT before Gain / (Loss) from JV co., 808.5 2,872.8 2,064.3 255.34% Residence Co.,Ltd”) on October 2nd, 2017
Gain / (Loss) from JV co., 0.0 (218.5) (218.5) -100.00%
EBIT after Gain / (Loss) from JV co., 808.5 2,654.3 1,845.9 228.32%
NP 2017
Interest expenses 6.8 51.0 44.2 651.25%
EBT 801.7 2,603.4 1,801.7 224.74% 2,020 MB (20.23%) increase 1,383 MB (217%) mainly due to an increase
Tax 162.1 582.9 420.9 259.64% of revenue recognitions from sale and
Net Profit 639.6 2,020.4 1,380.8 215.89%
Net Profit (Equity Holder) 637.6 2,020.9 1,383.3 216.97%
%GP 35.4% that was recognized cost from Purchase Price Allocation
% Gross Profit 45.32% 35.40%
% Selling expenses 15.9% 11.8% from acquiring Park Origin Co.,Ltd as accounting method
% Admin expenses 5.0% 2.7% %NP 20.23% has been also increase from 2016
% Net Income (Equity Holder) 19.93% 20.23%Financial Highlight Y 2017 19
Y 2017 Benchmark Comparison 20
#1
#4Origin Leverage Ratio 21
22 Business Outlook
Business Outlook 23
Correlation between Residential Units Sold to GDP growthBusiness Outlook 24
Correlation between Household Debt to GDP (%) to GDP growthBusiness Outlook 25
High end to luxury segment are getting out from the bottom of economic cycle26 2018 Business Plan
2018 Plan 27
2018F : Plans to launch total new projects of 30,000 MB (+98%), Target Pre-Sale of 20,000 MB (+36%)
35000 98%
30,000
30000
25000 36%
38%
20,000
20000
15,150
MB
14,757
15000
11,340
10,844
10000
6,955
5,356
5000 3,850
2,899 2,439
405 1,150 1,474
199 73 300 782
0
Y2010 Y2011 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018F
Launch 199 300 1,150 2,899 3,850 6,955 11,340 15,150 30,000
Pre-Sale 73 405 782 1,474 2,439 5,356 10,844 14,757 20,000Origin Projects Launch 2018
28
30,000 MB
10 Condominiums (New launch growth 98%)
10 Condominium Projects 8 Lines
4 Housing
4 Housing Project 4 InterchangesBrand Proportion of Project Launch 2018 29
30,000 MB
(New launch growth 98%)
12%
60%
7%
21%Origin Business Plan Summary 2018 30
• Project Launch 30,000 MB
• Presale Target 20,000 MB
• Revenue Target 15,000 MB
• New Project Complete 19,605 MB
(as of 31 Dec 2017)
98% • Actual Backlog 27,400 MB
35,000
30,000
30,000 27,400
36%
49%
25,000
20,000 67% 19,605
20,000
15,150 14,760 15,000
15,000 13,165
10,000 9,000
5,000
-
Project Launch Presale Target Revenue Target Origin's Project Complete Actual Backlog
2017 New Target 2018Available Transfer value Vs Target Transfer 31
32
Q1’2018 Project Launch and Pre-sale Target 33
Unit: MB
6,000
5,000
5,000
4,000 6,000
3,000
KNIGHTSBRIDGE
KNIGHTSBRIDGE KNIGHTSBRIDGE
COLLAGE – SUKHUMVIT 107 SPACE – RAMA IX SPACE - RATCHAYOTHIN
2,000
Q1'18F PROJECT VALUE : 1,000 MB. PROJECT VALUE : 2,300 MB. PROJECT VALUE : 2,700 MB.
TOTAL UNITS : 304 Units TOTAL UNITS : 325 Units TOTAL UNITS : 488 Units
Project Launch
Pre-sale Target1st Day Online booking 3 Knightsbridge 34
35 Projection 2018F – 2022F
Total Revenues Projection 2018F – 2022F 36
Total Revenues Projection 2018F – 2022F (Included JV Project) 37
38
Thank You
Origin Property Public Company Limited
BHIRAJ TOWER at BITEC 20/FL 4345 TEL. +662-0300-000
Sukhumvit Road Bangna Bangkok 10260 FAX. +662-398-9994
Opening Hours Monday - Friday : from 9:00 – 18:00 E-MAIL. ir@origin.co.thYou can also read
