Analyst Meeting Q1 2016

13 May 2016

Q1 Presales: driven by good momentum of Low rise

13,225 14,500

3,189

14,959

16,500

1,392

11,311

15,108

Y 2015

28,184

+10%

As of Q1

31,000

EST 2016

31,000

3,1893,6633,6812,7103,171

+1%

TG 2016

14,500

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q1 2015

1,3922,208

1,364

9,913

1,474

Q4 2015

Q3 2015

Q2 2015

Q1 2015

-6%

TG 2016

16,500

Q1 2016

Million Baht

Low Rise

Condo

8% of Target

22% of Target

YTD booking +9.4% YoY

Particularly, April booking +77%

Presales THB Million

: Low rise Presales 3,993

: Condominium Presales 1,893

of which JV Condo Presales 745

Presales Achievement 5,886

% Achievement 18.9%

2016 Presales Target 31,000

3

Data as of 30th April, 2016

6 New project to be launch in Q2, 2016

4

Q2 2016

6,570

Q1 2016

Q3 2016

15,825

9,560

Q4 2016

Low riseCondo

New launch by Quarter

Note: Include JV project at 8.6 Billion Baht

List of Q2 project new launches

Q1 Q2 Q3 Q4

Condo none 2 2 1

Low rise 1 4 7 3

Revenues booked at 4.2 billion Baht

Q3 15

5,499

Q2 15

5,402

Q1 15

5,220

-20%

Q1 16

4,171

Q4 15

5,962

12,543 13,80010,877

9,0959,900

2,923

1,117

8,783

Y 2015

As of Q1

22,079

23,700

EST 2016

23,700

p.m. : In Q1 2015, Two new condominiums handover, namely Rhythm Sathorn-Narathiwas and Aspire Udornthani, valued 1,210mB altogether.

70 %

Condo

Low Rise

Top 5 Revenue Contributors

Net margin at 10.9%, +20bpt vs. Q1 LY- Favorable GM - Good control on SG&A- 46.5mB Gain from sales of investment

Y2015

11.4%

19.8%

38.2%

11.9%

18.0%

34.1%

Y2014

10.1%

19.7%

33.6%

Y2012

12.6%

18.1%

34.9%

Y2011

11.3%

17.9%

33.9%

Y2013

10.7%

19.0%

33.9%

11.9%

18.3%

35.1%

Q1 15

13.5%

17.4%

34.1%

Q2 15

10.9%

19.1%

34.1%

Q4 15

11.3%

17.3%

33.4%

Q3 15 Q1 16

Favorable GM at 34.1%, SG&A in controland NM at 10.9%

Net profit

%NM

%SG&A

%GP

Total Backlog = 30,701mBAP Portion = 20,744mB

JV: Mitsubishi 49%

JV: AP 51%

AP: Condo

AP: Low rise

Y2018Y2017Y2016

11,570

9,071 10,060

Note : Backlog JV will not be reported as AP Revenues

Million Baht

Backlog THB Million

Low rise backlog (2016 Portion) 3,159

Condominium backlog (2016 portion) 5,411

3M 2016 Revenue Recognition 4,040

Total 2016 Portion 12,610

% Secured Revenue 53.2%

2016 Revenue Target 23,700

2016 Backlog

10

Data as of 30th April, 2016

Backlog by segment: AP

10,379

3,159

7,220

Ending backlog (excl. JV)

Million Baht

Condo

Low Rise

Condo backlog will be recognized revenue as below:

Apr 30th, 2016

Joint Venture update:

: Backlog presales 20.3 billion Bht or average 80% sold from 7 projects launched. Backlog transfer schedule are below.

: 2016, three projects are ready to handover with 100% secured revenues.

: Two more JV projects to be launched in Q3 2016, namely AP (Ekkamai) and AP ME2, total value 8.6 billion Baht.

Please save the Date !!!Analyst Meeting Q2

Date: 11st August 2016Timing: 15.30 – 17.00pm

THANK YOU