SC Asset Corp. Public Co., Ltd. · SET:SC

SC Asset Corp. Public — SC Asset Corporation Public Company — FY2016 Earnings Presentation

46 slides from SC Asset Corp. Public's earnings presentation, Mar 3, 2017

  1. Slide 1: SC Asset Opportunity Day 3 March 2017

    SC ASSET pee? ell OPPORTUNITY DAY 3 MARCH 2017 Presented by ATTAPOL SARIDDIPUNTAWAT - CFO

  2. Slide 2: SC Business Structure

    SC BUSINESS STRUCTURE SCASSET veeset tunity Day FY2016 taro zo SCASSET 2 SC ASSET

  3. Slide 3: SC Business Structure

    SC BUSINESS STRUCTURE 107,330 S.Q.M 3

  4. Slide 4: SC Business Structure: Property Development for Rental & Services

    SC BUSINESS STRUCTURE : PROPERTY DEVELOPMENT FOR RENTAL & SERVICES 5 Office Buildings comprised the total rentable space of 107,330 SQ.M with overall occupancy 92% Shinawatra Tower 1, 2, 3 Office Building in Phaholyothin & Chaengwattana Land and Technical Building 109 Site SC TOWER New Office Buildi

  5. Slide 5: SC Business Structure: Property Development for Sales

    SC BUSINESS STRUCTURE : PROPERTY DEVELOPMENT FOR SALES PROPERTY DEVELOPMENT FOR SALES  Develop Premium Products in all Categories  Project Development : Focus on Low-rise > High-rise  Main Target Market : B up  Project Location : Mainly BMA Area  Develop High Quality & Value for Money Products

  6. Slide 6: SC Product & Price Segment

    SC PRODUCT & PRICE SEGMENT Low-rise HIGH-RISE High-rise — Price © GRANADA’ GRAND, HEADQUARTERS ~ THE GENTRY EI CHIDLOM >250K SALADAENG BEATIFIO B/sq.m. boulevard Aes. THE CREST 120K-250K VENUE CENTRIC B/sq.m. PAVE CHAMBERS 60K-120K B/sq.m.. <60K B/sq.m. SC ASSET FOR GOOD MORNINGS ity Day FY2016 Marc

  7. Slide 7: UININIOWAN EOIN

    UININIOWAN EOIN WOP QUALITY SC ASST portunity Day'F¥2016 March’3, 2017

  8. Slide 8: Performance Highlights FY 2016

    PERFORMANCE HIGHLIGHTS FY 2016 8

  9. Slide 9: 5-Year Recap

    5-YEAR RECAP SUSTAINABLE GROWTH To raise Profit without compromising Quality (Unit :MB) 20,000 *CAGR = Compound Annual Growth Rate 2012 – 2016 : 15% Operating Revenue 18,000 FY2016 (+3% YOY) 16,000 14,050 14,434 14,000 12,601 12,000 10,031 10,000 8,358 Net Profit 8,000 *CAGR = Compound Annual Growth

  10. Slide 10: Operating Revenues

    OPERATING REVENUES FY2016 = 14,434 MB (+3% YoY) Revenues from Rental & Services Revenue from Sales 3% Operating Revenues 14,050 14,434 (Unit : MB) 814 756 5,142 3,323 2,999 2,970 13,236 13,678 4,949 (94%) (95%) 3,135 2,809 2,785 1Q16 2Q16 3Q16 4Q16 FY2015 FY2016 Q1-Q2 : Benefit from the Government’s

  11. Slide 11: Gross Profit Margin Breakdown by Business

    GROSS PROFIT MARGIN BREAKDOWN BY BUSINESS Gross Profit Margin : 36.1% GP- Property for Sales : 34.6% GP-Property for Rent & Services : 64.3% 100% 36.6% 36.1% 40% 80% 35% 64.9% 64.3% 30% 60% 25% 40% 34.9% 34.6% 20% 20% 15% 0% 10% FY2015 FY2016 (LR % : HR%) (61 : 39) (56 : 44) 11

  12. Slide 12: FY2016 SG&A: 2,730MB or 18.9% of Operating Rev.

    FY2016 SG&A : 2,730MB or 18.9% of Operating Rev. SG&A (% of Operating Rev.) 19.3% 18.9% FY2015 FY2016 Marketing Expenses Specific Business Tax & Transfer Fee Admin Expense Unit : % to Operating Revenues 10.0% 9.4% 3.5% 3.4% 5.8% 6.1% FY2015 FY2016 SG&A(MB) 2,712 2,730  0.6% YoY Operating Rev. 14,05

  13. Slide 13: Net Profit & Net Profit Margin

    NET PROFIT (MB) & NET PROFIT MARGIN (%) (Unit :MB) Net Profit (Million Baht) Net Profit Margin (%) (Unit : % of Total Rev.) 2,200 15.0% 13.4% 13.6% 14.0% 4% 13.0% 2,000 12.0% 1,968 11.0% 1,895 1,800 10.0% FY 2015 FY 2016 Dividends from the operating result of year 2016 - Cash dividend of Baht 0.19 p

  14. Slide 14: Financial Position as of 31 December 2016

    FINANCIAL POSITION AS OF 31 DECEMBER 2016 31-Dec-2016 31-Dec-2015 Change (MB) (MB) (MB) % YoY Total Asset 33,487 30,957 2,529 8% Total Liabilities 19,046 17,732 1,313 7% Total Equity 14,441 13,225 1,216 9% ROA (%) 6.11% 6.33% Net Profit /Avg.Total Asset ROE (%) 14.23% 15.25% D/E (Time) 1.32 1.34 EPS

  15. Slide 15: Property for Sales FY2016

    SC ASSET ——— SC ASSET Property for Sales FY2016 SC*ASSEF15 ————

  16. Slide 16: FY2016: Projects Launched 14,650 MB

    FY2016 : 7 PROJECTS LAUNCHED 14,650 MB • Launched 7 Projects (6 Low-rise : 1 Condo) and 1 Exclusive Preview “28 Chidlom” • Initiate new BRAND for segment price 5-10 MB 1H2016 (80%) 2H2016 (20%) 92U / 3,200MB 289U / 1,260MB 41U / 1,500MB 52U / 1,450MB 65U / 2,800MB 56U / 440MB Exclusive Preview for V

  17. Slide 17: Presales FY 2016: 11,612 MB

    PRESALES FY 2016 : 11,612 MB  7% YoY Presales FY 2015 FY 2016 YoY SDH 7,541 7,612 +1% Low-rise TH 533 341 -36% -1% YoY Condo 4,442 3,658 -18% Total 12,516 11,612 -7% (Unit : MB) Low-rise High-rise Total Presales 12,516 11,612 4,177 (35%) (32%) 2,631 2,558 43% 2,245 45% 32% 16% 57% 65% (68%) 55% 68%

  18. Slide 18: Revenue from Sales FY2016: 13,678 MB

    REVENUE FROM SALES FY2016 : 13,678 MB  3%YoY Rev. from Sales FY15 FY16 YoY SDH 7,488 7,364 -2% Low-rise TH 568 347 -39% -4% YoY Condo 5,180 5,967 +15% (Unit : MB) Total 13,236 13,678 +3% 13,236 13,678 Low-rise High-rise Total Rev. from Sale 4,949 (39%) (44%) 3,135 2,809 41% 2,785 38% 42% 29% (61%)

  19. Slide 19: Income Property FY2016

    rm bei jan ame ir mpi ty ia =: scAsser eam LA | ve ae a ve ww 1 df oe il iEz: Incothe Ptoperty.FY2016 iam be ames ie SC ASSET 19 pe Boge!

  20. Slide 20: Revenue from Rental & Services: 756 MB

    REVENUE FROM RENTAL & SERVICES : 756 MB 7% YoY (Unit: MB) ST1, ST2, ST3 and 2 Office Building Rentable Area of 107,300 sq.m . 814 overall occupancy rate = 92% 756  Occupancy rate for ST1=99%, ST2 = 100% 129  Occupancy rate for ST3 as of 31 Dec 2016 = 83% 127 84% 83% 685 629 Dec-15 Dec-16 FY15 FY1

  21. Slide 21: SC Tower

    SC TOWER Grade A Non CBD Office Building 24 Floors, 12,250 sq.m. Phahon Yothin Road Occupancy Rate 100% Occupied (2 Corporate Tenants) Jan 2017 Construction Completed 100% Mar 2017 Tenants move in Progress of Construction 96% as of 31 Dec 2016 21

  22. Slide 22: Awards 2016

    AWARDS 2016 • IAA Awards 2016 for Listed Companies (BEST CEO & BEST CFO) • SET Sustainability Awards 2016 • Investors’ Choice Awards 2016 • Sustainability Report Award 2016 • BCI Asia Awards 2016 (Saladaeng One & PAVE Rangsit) • AREA มอบรางวัลโครงการอสังหาริมทรัพย์ดเี ด่น (Life Bangkok Boulevard Cha

  23. Slide 23: 2017: The Shift to SC 4.0

    2017 SC ASSET THE SHIFT TO SC 4.0 FOR GOOD MORNINGS

  24. Slide 24: 3-Year Revenue Target

    3-YEAR REVENUE TARGET Se 2018 18,000 MB | - 2017 | 14/800 MB | 20,000 _ | 2 3 15,000 10,000 5,000 “481920 24 SC ASSET nT Opportunity Day FY2016 March 3, 2017

  25. Slide 25: What's Next???

    WHAT'S NEXT ??? 1.0 2004 - 2013 2014 - 2017 high-end extended product-centric customer-centric REV 10 BL REV 15 BL REVENUE ( MB ) 21 23" 22! , - 25 Opportunity Day FY2016 ETT . z SC ASSET SC ASSET

  26. Slide 26: Income: Sources of Revenue

    INCOME HIGH-RISE LOW-RISE scAsser SOURCES OF REVENUE - Opportunity Day FY2016 March 3, 2017 SC ASSET

  27. Slide 27: 2017 Target

    2017 TARGET SCASSET Opportunity Day FY2016 March 3, 2017 SC ASSET 27

  28. Slide 28: YoY YoY

    +3% YoY +38% (L-R : H-R = 65% : 35%) YoY 28

  29. Slide 29: Project for Sales & Office Buildings in 2017

    PROJECT FOR SALES & OFFICE BUILDINGS IN 2017 NEW PROJECT LAUNCHED 2017 29

  30. Slide 30: 1Q17 New Launched

    1Q17 4 NEW LAUNCHED SCASSET SC RSOE! Opportunity Day FY2016 larch 3, 2017 SC ASSET 30

  31. Slide 31: 1Q17 New Launched: Low-Rise Projects

    1Q17 NEW LAUNCHED 2 Low-Rise Projects HEADQUARTERS se » rd Ec fi ; |. --- Loon fF i I I ri 2) A mn gy Se SUKHUMVIT 31 SC ASSET SC ASSET March 3, 2017

  32. Slide 32: Headquarters Ekamai-Ladprao

    Concept : Modern EKAMAI HEADQUARTERS Classic &- LADPRAO Smart Office Project area : 6-2 Rais Total Unit : 29 Units (5F + Lift) Project Value : 940 MB Function Area : 479 – 693 Sq.m. Land Plot : ~45 – 77 Sq.wa Launch : 18 Feb 2017 Start : 27 MB 32

  33. Slide 33: Headquarters Ekamai-Ladprao: Location Map

    HEADQUARTERS EKAMAI – LADPRAO : LOCATION MAP 33

  34. Slide 34: The Gentry Sukhumvit

    THE GENTRY SUKHUMVIT Project area : 16-0 Rais Total Unit : 57 Units (3F) (SDH 49 Units & Semi 8 Units) Project Value : 1,300 MB Function Area : 302 – 448 Sq.m. Land Plot : ~46 – 78 Sq.wa Launch : Feb 2017 Start : 25 MB 34

  35. Slide 35: The Gentry Sukhumvit: Location Map

    THE GENTRY SUKHUMVIT : LOCATION MAP 1.7 M FROM BTS PUNNAWITHI STATION 35

  36. Slide 36: 1Q17 New Launched: High-Rise Projects

    1Q17 NEW LAUNCHED : 2 High-Rise Projects CHAMBERS RATCHADA-RAMINTRA, CHIDLOM SC ASSE 36 Opportunity Day FY2016 March 3, 2017 SC ASSET oY ASSE!

  37. Slide 37: 28 Chidlom

    THE TOWER 243 unit Se ee ett tet mn antes an ao See 3a3a38 ak THE VILLA 184 nies sales Sh S35 ae aeseSnezEee. SC ASSET Opportunity Day FY2016 March 3, 2017 PROJECT DETAILS PROJECT NAME 28 Chidlom LAND AREA 3-0-24 Rai PROJECT VALUE 8,000 MB PROJECT DETAILS 2 Buildings (The Tower & The Villa) TENURE 4

  38. Slide 38: 28 Chidlom: Location Map

    28 CHIDLOM: LOCATION MAP LUMPINI PARK 14 KM =) Mi 7 1 BDMS WELLNESS CENTER. 350. ‘. 7 fr nae . i INTERNATIONAL SCASSET } | ¥ HOSPITAL 1.SKM Opportunity Day FY2016 | March 3, 2017 Y f | ASE pate VEE | ee SCASSET BCHIDLOM

  39. Slide 39: The Tower: Lap Pool on 44th Floor

    THE TOWER: LAP POOL ON 44TH FLOOR HCHIDLOM SC ASSET SC ASSET Opportunity Day FY2016 March 3, 2017 SC ASSET 39 wh Poor!

  40. Slide 40: The Tower: Kid's Pool on 44th Floor

    THE TOWER : KID'S POOL ON 44TH FLOOR ome SURO WAMEI HICHIDLOM SC ASSET Opportunity Day FY2016 March 3, 2017 SC ASSET 40 OU Dose!

  41. Slide 41: The Tower: Jewel-Box Facade

    THE TOWER : JEWEL-BOX FACADE HCHIDLOM SC ASSET SC ASSET Opportunity Day FY2016 March 3, 2017 SC ASSET 41 wh Poor!

  42. Slide 42: 28 Chidlom

    ie eS EICHIDLOM SC ASSET Opportunity Day FY2016 March 3, 2017 sc ASSET 42 SN Boor

  43. Slide 43: Chambers Cher Ratchada-Ramintra

    CHAMBERS CHER RATCHADA - RAMINTRA Chambers Cher Project Name Ratchada - Ramintra Land Area 4-1 Rai Product Type Condominium 8F Total Unit 252 Units ( 1B / 2B) Project Value (MB) 780 MB Launch February 2017 Function Area 33 – 58 Sq.m Price Start 1.89 MB (~69,000 / sq.m) 43

  44. Slide 44: Chambers Cher: Location Map

    CHAMBERS CHER : LOCATION MAP 44

  45. Slide 45: Summary

    SUMMARY 1. 3-year revenue target (2017 - 2019) 2017.: 14,800 MB >> 2019 : 20,000 MB 2. SC.4.0 strategies - high-end + MASS - human-=centric innovation - quality - lean 3. 2017 target - presale 16,000 M, revenue 14,800 MB - launch 17 projects 27,000 MB - total 49 projects 54,000 MB SCASSET SC ASSET O

  46. Slide 46: Q&A

    SC ASSET peed RSL FOR GOOD MORNINGS Q&A ele such as beliefs in ant or other similar words. The statements are pee, ‘on our management i! to be ons involve risks and uncertainties which may cause the actual results, performance or a ce or achievements expressed or implied by such forward-looking stat

SC Asset Corporation Public Company — FY2016 Earnings Presentation on 6ix