Analyst Meeting’ Analyst Meeting’ 33QQ20092009€¦ · 2 4 2Q2009 2,737 3Q2009 3 2,601 2,501...
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Analyst Meeting’ Analyst Meeting’ 3Q2009 2009 18 November 2009 Seminar Room, 16/F Sansiri Public Company Limited
Transcript of Analyst Meeting’ Analyst Meeting’ 33QQ20092009€¦ · 2 4 2Q2009 2,737 3Q2009 3 2,601 2,501...
Analyst Meeting’ Analyst Meeting’ 33QQ20092009
18 November 2009Seminar Room, 16/F
Sansiri Public Company Limited
A dAgenda
Corporate HighlightsCorporate Highlights
Presales Update
3Q2009 Performance
A diAppendix
Page 2
Corporate Highlights
68% S ld V l f A i P j i h l i68% Sold Value of Active Projects with low inventory
60 000
56,40560,000
Condominium
Townhouse
40,000
B M
illio
n
24,077 Single-detached House
20,000
TH
22722,821
9,507
3,415
17,446 997
0
761
4,897
9,134
9
Total Project Value
4,047 available units for sale180 inventory units, approximately 4% of available units for sale
Available Value for Sale Inventory
Page 4
G i i E i f S l d I r i Sh r h ld r W lth
Selling Expense per Revenue Administrative Expense per Revenue
Gaining Economies of Scale and Increasing Shareholder Wealth
14% 10%14%
12%
10%
10%
9%
12%13%
9%
9%10%
8%
6%
8%
7%
8% 7%8%
8%
SG&A per Revenue Earnings per Share
7%
24% 0 80
2006 2007 20082006 2007 2008 9M2009 9M2009
24%
21%
18%
0.80
0.60
21% 22%
0.48
0.62
0.68
15%
12%
0.40
0.20
16%15%
0.27
Page 5
2006 2007 2008 9M20092006 2007 2008 9M2009
Presales Update
New Launches in 2009
Year 2009 Single-detachedHouse Condominium Townhouse Number of
ProjectsProject Value(THB Million)House Projects (THB Million)
9 13,2421Q2009
2
4
2,7372Q2009
3Q2009
4
3
2,601
2,501
3Q2009
4Q2009
6Number of
Projects
4 8 18
Projects
Project Value(THB Million) 21,081
7,010 6,458 7,613
Page 7
Q l P lQuarterly Presales
2Q2009 3Q2009 4Q2009As of 16 Nov
Quarterly Presales 2 242 3 903 1 679 13 264
Unit : THB Million YTD2009
Quarterly Presales 2,242 3,903 1,679 13,264
Single Houses 1,171 1,525 822 4,551
Townhouses 510 847 482 2,488,
Condominiums 561 1,531 375 6,225
Page 8
3Q2009 Performance
Financial HighlightsFinancial Highlights
3M2009 9M2009Financial Statement 3M2009 9M2009
Revenue from Project Sales 4,297.9 10,492.0
Total Revenues 4,524.3 11,117.3
Financial Statement
Unit : THB Million
Total Revenues 4,524.3 11,117.3
SG&A Expense 595.6 1,690.5
EBIT 794.4 1,611.4
Net Profit 502 2 1 007 9Net Profit 502.2 1,007.9
Key financial Ratios
Gross Margin from project sales 32.0 % 30.1 %
Selling Expense per Revenue 6.5 % 7.4 %
Administrative Expense per Revenue 6.6 % 7.8 %
Eff ti T R t 34 2 % 34 4%Effective Tax Rate 34.2 % 34.4%
Net Profit Margin 11.1 % 9.1 %
Page 10
R G h i 3Q2009Revenue Growth in 3Q2009
Property Development 4 350 2 + 24 4 % + 6 6 %
3Q2009 % Q-o-QUnit : THB Million % Y- o-Y
Property Development 4,350.2 + 24.4 % + 6.6 %
Project sales 4,297.9 + 25.0 % + 6.9 %
Rental Business 52.3 - 12.8 % - 14.6 %
Property Services 127.7 + 28.4 % + 15.9 %
Property Management 109.5 + 33.4 % + 22.0 %
Hospitality Business 18 2 + 4 8 % - 11 1 %Hospitality Business 18.2 + 4.8 % 11.1 %
Other 46.5 + 1.3 % + 57.6 %
Total Revenues 4,524.4 + 25.5 % + 7.3 %
Page 11
R G h i 9M2009Revenue Growth in 9M2009
Property Development 10 662 5 9 752 3 + 9 3 %
9M2009 9M2008Unit : THB Million % Y-o-Y
Property Development 10,662.5 9,752.3 + 9.3 %
Project sales 10,492.0 9,571.9 + 9.6 %
Rental Business 170.5 180.4 - 5.5 %
Property Services 335.2 315.0 + 6.4 %
Property Management 279.1 255.8 + 9.1 %
Hospitality Business 56 1 59 2 - 5 2 %Hospitality Business 56.1 59.2 5.2 %
Other 119.6 100.5 + 19.0 %
Total Revenues 11,117.3 10,167.8 + 9.3 %
Page 12
R B kdRevenue BreakdownTotal Revenue for 9M2009 Breakdown Revenue from Project Sales
Property Development
Property Services
3%
12,000
9,57210,492
96%
39%
6 000Mill
ion 57%
16%
6,000
THB
M
11%
Other
1%0
45%32%
THB 11,117 million of total revenue for 9M2009
9M2008 9M2009
CondominiumTownhouseSingle House
Page 13
R f P j S l B kdRevenue from Project Sales Breakdown 2,757 3,437 4,298
THB 10,492 million of revenue from project sales for 9M2009
12,000
Revenue from project sales breakdown for 9M2009 ;
THB 3,381 million from Single House
2,181
2,070
12,000
Mill
ion
THB 3,381 million from Single House THB 1,140 million from TownhouseTHB 5,971 million from Condominium1,720 595
12,000THB
M
8071,052 1,522
230
31512,000
CondominiumTownhouseSingle House
1Q2009 2Q2009 3Q2009
Page 14
g
Fi i l Hi hli hFinancial HighlightsGross Margin from Project Sales SG&A per Revenue
35%
28%
35% 20%
15%
21%
15%
10%14%
Net Profit Margin Earnings per Share
1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09
14% 0 4014%
6%
0.40
0.20
THB
1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09
1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09
-2%
-10%
0.00
-0.20
T
Page 15
Appendix
C i P C l P jConstruction Progress : Complete Project
My Condo Ladprao 27
378 units
P j V l THB 553 illiProject Value: THB 553 million
Sale Progress : 100% of total units (as of 16 Nov 09)
Transfer Progress : 71% of sold units (as of 31 Oct 09)
Page 17
C i P C l P j ( )Construction Progress : Complete Project (cont.)
My Condo Pinklao
420 units
Project Value: THB 704 millionj
Sale Progress : 93% of total units (as of 16 Nov 09)
Transfer Progress : 46% of sold units (as of 31 Oct 09)
Page 18
Q&AQ&A
