20140609 sena

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Opportunity Day SENA Development PCL. June 9, 2014

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Transcript of 20140609 sena

  • 1. Opportunity Day SENA Development PCL. June 9, 2014
  • 2. Vision: The Company commits to be a real estate company that can respond to customers needs at a middle-low level focusing on developing assets to have the most value and integrated services to make it easier to own and comfortable to live Mission: Conservative and prudent for stability (Trust & Strong Financial) Customer Centered Approaches Knowledge Driven & Sharing to both industry & customer Corporate Social Responsibility (CSR) and transparent operation
  • 3. Performance 1Q14 Project Up Date Outlook 2Q14 Value for Investors CSR Q & A
  • 4. Performance 1Q14
  • 5. A m o u n t % A m o u n t % A m o u n t % A m o u n t % T o ta l a sse ts 5 ,6 2 7 1 0 0 % 4 ,6 5 9 1 0 0 % 5 ,6 4 1 1 0 0 % 4 ,2 9 8 1 0 0 % T o ta l lia bilitie s 3 ,1 7 9 5 7 % 2 ,3 7 3 5 1 % 3 ,2 2 6 5 7 % 2 ,0 6 2 4 8 % R e giste r e d ca pita l 8 5 8 1 5 % 8 5 8 1 8 % 8 5 8 1 5 % 8 5 8 2 0 % Pa id- u p ca pita l 7 1 5 1 3 % 7 1 5 1 5 % 7 1 5 1 3 % 7 1 5 1 7 % S h a r e h o lde r 's e qu ity 2 ,4 4 8 4 4 % 2 ,2 8 6 4 9 % 2 ,4 1 5 4 3 % 2 ,2 3 6 5 2 % B o o k v a lu e p e r s h a r e (B a h t / s h a r e ) T o ta l R e ve n u e s 3 7 6 1 0 0 % 3 6 9 1 0 0 % 2 ,0 7 5 1 0 0 % 1 ,7 3 9 1 0 0 % Co st o f sa le s 2 2 9 6 1 % 1 9 7 5 3 % 1 ,1 7 3 5 7 % 9 3 0 5 3 % Gr o ss pr o fit 1 3 6 3 6 % 1 6 2 4 4 % 8 2 8 4 0 % 7 5 5 4 3 % S e llin g a n d a dm in istr a tive e xpe n se s 9 6 2 6 % 9 6 2 6 % 5 0 7 2 4 % 3 9 9 2 3 % Ne t pr o fit 3 4 9 % 5 0 1 4 % 2 7 2 1 3 % 2 9 7 1 7 % E a r n in g s p e r s h a r e (b a h t / s h a r e ) ( Un it: M illio n Ba h t) FO R T H E T H R E E -M O NT H P E R I O D S E ND E D M A R C H , 2 0 1 4 Q u a r t e r 1 - 2 0 1 4 Q u a r t e r 1 - 2 0 1 3 2 0 1 3 2 0 1 2 3 .4 2 3 .2 0 3 .3 8 3 .1 3 0 .0 5 0 .0 7 0 .3 8 0 .4 2
  • 6. Unit: Million Baht 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 369 423 498 786 376 Millions Total Revenue 0 100 200 300 400 500 600 700 800 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 329 379 442 724 310 Total Transfer 0 100 200 300 400 500 600 700 800 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 180 92 27 188 70 150 287 416 537 240 23 27 36 38 55 16 17 18 23 11 Housing Condo Rental Others 0 100 200 300 400 500 600 700 800 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 180 92 27 188 70 70 173 309 416 121 80 114 107 120 119 Housing The Niche The Kith
  • 7. 77 MB 335 MB 128 MB The Kith The Niche Housing 62% 24% 14% Total Sale Q1/2014 Housing 77 MB The Kith 128 MB The Niche 335 MB Total Sale 540 MB
  • 8. 70 MB 19% 121 MB 32% 119 MB 32% 55 MB 14% 11 MB, 3% The Kith The Niche Housing Rental Others Total Transfer Q1/2014 Housing 70 MB The Kith 119 MB The Niche 121 MB Rental 55 MB Others 11 MB Total Transfer 376 MB
  • 9. Unit: Million Baht 925 755 828 162 165 206 295 139 2011 2012 2013 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Gross Profit 420 295 270 49 36 60 125 33 2011 2012 2013 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Net Profit 43% 45% 41% 46% 41% 43% 40% 37% 2011 2012 2013 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 GPM 20% 18% 13% 14% 9% 12% 16% 9% 2011 2012 2013 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 NPM
  • 10. 20% 23% 24% 28% 28% 28% 19% 26% 2011 2012 2013 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 SG&A 0.51 0.92 1.34 1.04 1.26 1.44 1.34 1.31 0.40 0.57 0.90 0.61 0.80 0.92 0.90 1.08 2011 2012 2013 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 D/E Ratio
  • 11. Project Update
  • 12. 2557 Quarter 1 Quarter 3Quarter 2 Quarter 4 The Niche ID The Niche Mono 8 5,000 The Niche Phase3 * * - (S-Ville ,The Kith) - (S-Town, The Kith) - (The Niche MONO)
  • 13. CBD 2572 CBD OUTER RING SUBURB SITE SELECTION
  • 14. CBD 2572 CBD OUTER RING SUBURB SITE SELECTION Land Bank Land Bank Land Bank
  • 15. . 31 2557 Unit: Million Baht
  • 16.
  • 17. 2 The KITH 2 2
  • 18. 2 The KITH A3,A6
  • 19. 2 The Niche MONO 2
  • 20. Outlook 2Q14
  • 21. Housing Condo Rental CSR Life Style Apartment warehouse Golf course
  • 22. o Rearranging Internal process and work flow o QC Process o Strengthening 360 after sale service
  • 23. o Partnership with Precast factory to speed up construction process and better economy of scale o Improve yield in warehouse project with solar roof top
  • 24. Value for Investors
  • 25. Dividend Policy : Maintain minimum 40% payout of net profit Book Value: increase constantly 2.53 2.91 3.12 3.36 - 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 Y2010 Y2011 Y2012 Y2013 Book Value 6.85% 9.05% 6.02% 5.51% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% Y2010 Y2011 Y2012 Y2013 Dividend Yield 126.68MB 167.40MB 117.93MB 107.92MB * Price as at 22 Apr 2014 = 2.74 B.
  • 26. Comparison Dividend (% per year) Value for investors 6.03% 1.39% 5.08% 4.55% 5.63% 3.61% 2.62% 3.24% 2.12% 2.78% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% LALIN PRIN SIRI QH SENA SC NCH PS ANAN NOBLE Source: http://www.settrade.com/
  • 27. CSR
  • 28. Q&A