Analyst Meeting 52-4-30lpn.listedcompany.com/misc/analyst_meet_Q12009.pdf · Information Update....

Information Update

Apr 30, 2009

Information Update. Apr 30, 2009 Slide No. 2

I. Financial Statement Overview

II. Industry Overview

III. Business Overview

IV. Project Update

Agenda


Financial Statement OverviewIncome recognized in 1Q09

1.02Less Discount

1,978.771,978.771,6481,648TotalTotal

ProjectProjectIncome recognized in 1Q09Income recognized in 1Q09

UnitsUnits MBMB

Lumpini Place

Pinklao 2

Narathiwat–Chaophraya

Ratchada-Thapra

Ratchada-Thapra (C)

Phahon-Saphankwai

1

6

39

12

2

1.59

18.58

69.13

10.37

5.00

Lumpini Ville

Ramkhamhaeng 44

Ramindra–Laksi

Prachachun-PhongPhet

Ramkhamhaeng 26

11

595

695

1

21.23

631.59

971.05

0.55

Lumpini Condotown

Bodindecha-Ramkhamhaeng

Ramindra–Laksi

Ratanathibet

145

83

58

138.60

71.06

40.02

Grand TotalGrand Total 1,6481,648 1,977.751,977.75


48.44%

0.20

9.30

0.93

47.77%

0.28

(2.94%)

(3.85)

88.13%

88.42%

5.52%

78.37%

3.21%

78.57%

20.88%

1,390.59

30.18

28.24

39.30

422.25

30.36

158.65

11.41

269.64

267.75

19.25

204.33

14.69

0.14

2.73

2,036.42

30.38

37.54

40.23

623.96

30.64

153.99

7.56

507.28

504.49

24.77%

364.46

17.90%

0.25

3.30

1. Total Revenue (MB)

2. Gross Profit Margin (G/P) on Sales (%)

3. G/P From Rent & Services (%)

4. G/P From Mgt. Service Fee (%)

5. G/P From Line 2-4 (MB)

6. G/P From Line 2-4 (%)

7. SG&A (MB)

8. SG&A (%)

9. E.B.I.T. (MB)

10. E.B.T. (MB)

11. E.B.T. (%)

12. Net Profit (MB)

13. Net Profit (%)

14. Earning Per Share (Baht)

15. Book Value Per Share

%Change1Q081Q09

ConsolidatedItem

Financial Statement OverviewFinancial Statement in 1Q09


D/E Ratio

0.84 0.80 0.850.77

0.97

0.79

0.54

0.310.19

0.440.38

0.65

0.43

0.580.44

0.88

0.51

0.850.77

0.630.75

1.010.93 0.88

0.83

1.00

0.550.48

0.30

0.51 0.48 0.45 0.430.44

1Q 2Q 3Q 05 1Q 2Q 3Q 06 1Q 2Q 3Q 07 1Q 2Q 3Q 08 1Q

Financial Statement OverviewKey Financial Indicator

Net Gearing

D/E

Sales

1,014

1,881

1,5271,345

2,1982,065

1,411

1,9782,152

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09

Gross Profit

374

624 600

406

693647

447

601682

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09

Gross M argin

30.4%31.7%

36.9%33.2%

39.3%

30.2% 31.5% 31.3% 31.7%

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09


Financial Statement OverviewSource of Income

Income from Sales

1,977.75 MB,

97.12%

Rental&Service Fee

15.62 MB, 0.77%

Mgt. Service Fee

43.05 MB, 2.11%


Cost of Goods Sold

1,412.46 MB,

69.36%

SG & A

153.99 MB, 7.55%

Net Profit

364.46 MB, 17.90%

Income Tax

140.03 MB, 6.88%

Other Expenses

7.57 MB, 0.38%

Financial Statement OverviewCost of Goods Sold & Expenses

Remark : Other Revenues (42.10) MB , (2.07 % )


MB

Total Liabilities 3,822.05

44.08%

Item MB

• Cash & Investment 2,117.85

• Less Interest Bearing Debt 2,112.67

• Net Positive Cash 5.185.18

Total Equities,

4,847.74 MB 55.92%

Interet Bearing Debt.

2,112.67 MB 55.28%

Non Interest Bearing

Debt.

1,709.38 MB 44.72%

Financial Statement OverviewFunding Structure

Financial Ratio

• D/E Ratio = 0.79

• Interest Bearing Debt Ratio = 0.44

Highlight of Assets MB

• Cash and Cash Equivalents 1,067.18

• Current Investments – P/N 1,050.67

Total 2,117.85





IV. Project Update

Agenda


NON-LISTED

55.5%LISTED

25.7%

LPN

18.8%

18.8 %

11.7 %

10.7 %

3.2 %

1st LPN

2nd AP

3rd Areeya

4th Siri(Plus)

4 Listed Companies16.2 %

8.4 %

7.9 %

6.0 %

4.1 %

1st Grand Happyhome

2nd Regent Green Power

3rd Housing Complex

4thWondera

5th Ruksakul Development

25 Non-Listed Companies

Condominium Registration in 2008 : 26,124 Units from 86 Projects

Source : RND

Industry OverviewCondominium Registration during Jan-Mar 2009

Jan - Mar 2009 : 5,089 Units from 25 Projects



958

11,474 13,172

18,115

8,009

3,0503,3334,131

0

5,000

10,000

15,000

20,000

25,000

30,000LPN OTHERS

Industry OverviewCondominium Registration during 2006 – Mar 2009

2006

Source : RND

22.5%

2007 2008

18.8%

30.7%

958 Units1. Lumpini Ville Prachachuen-Phongphet200

9

850 Units

827 Units

3,445 Units

1,306 Units

651 Units

442 Units

680 Units

48 Units

1,568 Units

1,271 Units

4.Lumpini Place Ratchada-Thapra( C)

5.Lumpini CondoTown Ramintra–Laksi

6.Lumpini Ville Ramintra-Laksi

1. Lumpini Place Ratchada-Thapra2. Lumpini Ville Ramkhamhaeng 443. Lumpini CondoTown Bodindecha-Ramkhamhaeng

200

8

1,093 Units3. Lumpini Place Phahon-Saphankwai1. Lumpini Place Narathiwat-Chaophraya2. Lumpini Place Pinklao 2

200

7

987 Units

1,324 Units

3. Lumpini Ville Sukhumvit 774. Lumpini Ville Cultural Center

1. Lumpini Center Nawamin

2. Lumpini Place Pinklao200

6

2009 (Mar)

Unit

18.8%


Industry OverviewNew Project Launched during Jan-Mar 2009

New launched Project in 2008 : 32,979 Units from 92 Projects



LPN

19.0%

LISTED

63.9%

NON-LISTED

17.1%

36.5 %

19.0 %

17.7 %

7.1 %

2.6 %

1st Supalai

2nd LPN

3rd SIRI(Plus)

4th Noble

5thPS

5 LISTED COMPANIES

6.8 %

5.9 %

2.7 %

1.6 %

1st Akando RealEstate

2nd Big City Group

3rd Big Tree Asset

4th Thai Contractors Asset

4 NON-LISTED COMPANIES

Source : RND


Industry OverviewNew Project Launched during 2006 – Mar 2009

509 Units1. Lumpini Place Ramintra – Laksi2009

998 Units

182 Units1,131 Units

3,445 Units

1,271 Units1,568 Units

1,093 Units

930 Units

1,165 Units

268 Units

4. Lumpini Place Rama 9 (Phase 1)5. Lumpini Ville Bangkhae

1. Lumpini Ville Ramkamhaeng 262. Lumpini Suite Rama 83.Lumpini Place Rama 8

2008

958 Units

547 Units1,944 Units

4. Lumpini Ville Prachachuen-Pongpetch

5. Lumpini Suite Pinklao6. Lumpini Condo Town Rattanatibet

1. Lumpini CondoTown Bodindecha -Ramkhamhaeng

2. Lumpini Ville Ramintra – Laksi3. Lumpini CondoTown Ramintra-Laksi

2007

827 Units

651 Units

3. Lumpini Ville Ramkhamhaeng 444. Lumpini Place Pinklao (Phase 2)

1. Lumpini Place Phahon-Saphankwai

2. Lumpini Place Ratchada - Thapra2006

35,988

49,763

29,235

3,7449,733

3,501509

2,165

0

10,000

20,000

30,000

40,000

50,000

60,000

LPN OTHERS

2006

8.9%

2007 2008

16.4%

11.4%

Unit

2009(March)

19.0%

Source : RND





IV. Project Update

Agenda


0

200

400

600

800

1,000

1,200

1,400

2008 2009

As of May 3, 2009

Business OverviewWeekly Site Visit Feedback Compare 2008 VS 2009

Avg. 2008 = 348 person/week, Avg. 2009 = 323 person/weekPerson

LV-BKLV-RK 26

LP-RM 8

LS-RM 8 LP-RM 9

288

LP-RL

DecDecNovNovOctOctSepSepAugAugJulJulJunJunMayMayAprAprMarMarFebFebJanJan


Business Overview Weekly Sales Volume Compare 2008 VS 2009

0

100

200

300

400

500

600

700

800

2008 2009

LV-BK

LV-RK 26

LP-RM 8

LS-RM 8

LP-RM 9

82

Avg. 2008 = 109 unit/week, Avg. 2009 = 89 unit/week

As of May 3, 2009

Unit

LP-RL

DecDecNovNovOctOctSepSepAugAugJulJulJunJunMayMayAprAprMarMarFebFebJanJan


Business Overview Post-finance Reject Rate in 2008

As of May 3, 2009

5.71

3.78

11.29

9.169.72 9.77 9.53

7.67 7.98 7.658.19

8.84

4.40

10.25

9.28

10.96

0%

2%

4%

6%

8%

10%

12%

Jan 08

Feb 08

Mar 08

Apr 08

May 08

Jun 08

Jul 08

Aug 08

Sep 08

Oct 08

Nov 08

Dec 08

Jan 09

Feb 09

Mar 09

Apr 09

2009200920082008

AprAprMarMarFebFebJanJanDecDecNovNovOctOctSepSepAugAugJulJulJunJunMayMayAprAprMarMarFebFebJanJan


Business Overview Inventory movement during Sep 08 – Mar 09

LP-RT, LT-BR, LT-RL, LP-NCUnit

805 MB

750 MB

725 MB

725 MB

671 MB 543 MB

487 MB450 MB

3,985

2,417

1,5841,090

742 552 440 478 362 326

723

546

516

525534

483 385347 322

790

0

1,000

2,000

3,000

4,000

5,000

กค.51 สค.51 กย.51 ตค.51 พย.51 ธค.51 มค.52 กพ.52 มีค.52 เมย.52 พค.52 มิย.52

During Tranfer Inventory

JunJunMayMayAprAprMarMarFebFebDecDecNovNovOctOctSepSepAugAug JanJanJulJul

20082008 20092009

As of May 3, 2009


Business OverviewThe LPN’s Back Log 2009-2010

1,981.07

169.07

387.97

-

813

166

229

--

1,981.07

169.07

387.97

-

813

166

229

-

12. Lumpini Place Rama 9 – Ratchada ( Phase 1 )

13. Lumpini Ville Bangkhae

14. Lumpini Place Ramintra – Laksi

15. Lumpini Ville Prachachuen – Pongpetch (Phase 2)

2,538.11

Amount

(MB)

1,208

Unit

2010

Amount

(MB)

UnitAmount

(MB)

Unit

8,113.958,113.955,0705,0705,575.843,862Total

67.25

6.89

217.15

87.83

191.18

250.03

1,309.06

849.05

1,060.09

1,214.47

322.84

32

4

206

95

169

174

537

1,025

783

699

138

67.25

6.89

217.15

87.83

191.18

250.03

1,309.06

849.05

1,060.09

1,214.47

322.84

32

4

206

95

169

174

537

1,025

783

699

138

1. Lumpini Place Ratchada - Thaphra

2. Lumpini Ville Ramkhamhaeng 44

3. Lumpini Condotown Bodindecha - Ramkhamhaeng

4. Lumpini Condotown Ramintra – Laksi

5. Lumpini Ville Ramintra – Laksi

6. Lumpini Ville Prachachuen – Phongphet

7. Lumpini Suite Pinklao

8. Lumpini Condotown Ratanathibet

9. Lumpini Ville Ramkhamhaeng 26

10. Lumpini Place Rama 8

11. Lumpini Suite Rama 8

Total2009

Project

As of May 3 , 2009





IV. Project Update

Agenda


Projects Update Recognized Project during the period 2009 to 2010

95%

93%

98%

95%

100%

100%

63%

79%

78%

62%

71%

70%

45%

-

-

-

Sold

24,90020,907Total

1Q08- 2Q09

1Q08- 2Q09

3Q08- 2Q09

1Q09-2Q09

1Q09-2Q09

2Q09-3Q09

1Q09-4Q09

3Q09-4Q09

4Q09-1Q104Q09-1Q10

2Q10-3Q10

1Q10

2Q10

2Q10

3Q10

4Q10

2Q06

1Q07

2Q07

2Q07

3Q07

4Q07

4Q07

1Q08

1Q08

1Q08

2Q08

4Q08

1Q09

2Q09

2Q09

3Q09

5,550

1,500

2,8001,250

9,100

1,300

1,300

1,300

1,600

1,300

400

1,900

10,250

2,600

300

800

2,250

1,200

3,100

851

3,445

1,568

1,271

958

547

1,948

998

182

1,131

1,165

271

516

2,586

1,040

2,430

Recognize Project Before 2009

Lumpini Place Ratchada - Thapra

Lumpini CondoTown Bodindecha – Ramkhamhaeng

Lumpini Condotown Ramintra - Laksi

Recognize Project in 2009

Lumpini Ville Ramintra – Laksi

Lumpini Ville Prachachuen – Pongpetch

Lumpini Suite Pinklao

Lumpini CondoTown Rattanathibet

Lumpini Ville Ramkamhaeng 26

Lumpini Suite Rama 8

Lumpini Place Rama 8

Recognize Project in 2010

Lumpini Place Rama 9 – Ratchada (Phase 1)

Lumpini Ville Bangkhae

Lumpini Place Ramintra – Laksi

Lumpini Condotown Ramintra – Nawamin

Lumpini Ville Ratburana – Suksawad

Lumpini Ville Pinklao

Realized PeriodLaunchProject Value (MB)No. of UnitsProjects

As of May 3 , 2009


Finished Project Lumpini Ville Ramintra - Laksi

Recognized in 2009

As of May 3 , 2009


Finished Project Lumpini Ville Prachachuen – Pongpetch

Recognized in 2009

As of May 3 , 2009


Construction Progress Lumpini Suite Pinklao

Recognized in 2009

As of May 3 , 2009


Construction Progress Lumpini CondoTown Rattanathibet

Recognized in 2009

As of May 3 , 2009



Recognized in 2009

As of May 3 , 2009


Construction Progress Lumpini Ville Ramkhamhaeng 26

Recognized in 2009

Tower A Tower B Tower C Tower D Tower E

Tower A Tower B Tower C Tower D Tower E

As of May 3 , 2009


Construction Progress Lumpini Place/Suite Rama 8

Recognized in 2009

Piling Work

As of May 3 , 2009


Construction Progress Lumpini Place Rama 9 - Ratchada Phase 1

Recognized in 2010

EIA Approval Process (Target June 09)


Construction Progress Lumpini Ville Bangkhae

Recognized in 2010

EIA Approval Process (Target May 09)


Construction Progress Lumpini Place Ramindra – Laksi

Recognized in 2010

Piling Work

As of May 3 , 2009


New Project LPN’s Future Project Map

Ranintra-Nawamin

Pinklao

Ratburana-Suksawad

LPN’s Customer Base

Future Location in 2009

BTS Line

MRT Line


LS-PK

LS-RM 8

LP-RM 8

LP-NC

LP-RT

LP-RM 9

LP-RL

LV-RK 44

LV-RL

LV-PP

LV-RK 26

LV-BK

LT-RL

LT-BR

LT-RB

Abbreviation

Lumpini Suite Pinklao

Lumpini Suite Rama 8

Lumpini Place Rama 8

Lumpini Place Narathiwat - Chaopraya

Lumpini Place Ratchada - Thaphra

Lumpini Place Rama 9 – Ratchada

Lumpini Place Ramintra – Laksi

Lumpini Ville Ramkhamhaeng 44

Lumpini Ville Ramintra – Laksi

Lumpini Ville Prachachuen - Phongphet

Lumpini Ville Ramkhamhaeng 26

Lumpini Ville Bangkhae

Lumpini Condotown Ramintra – Laksi

Lumpini Condotown Bodindecha – Ramkhamhaeng

Lumpini Condotown Ratanathibet

Project

Appendix

Analyst Meeting 52-4-30lpn.listedcompany.com/misc/analyst_meet_Q12009.pdf · Information Update....

Documents

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