GENERAL PRESENTATION 1Q 2019 - listed companyu.listedcompany.com/misc/presentation/20190719-u... ·...

GENERAL PRESENTATION

1Q 2019

Vienna House Easy Berlin

Prepared by Investor Relations DepartmentU CITY PCL

Address: U City Public Company LimitedIR Department20th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd.Chomphon, Chatuchak, Bangkok, Thailand 10900

Telephone: +66(0) 2273 8838 Fax: +66(0) 2273 8858

Email: [email protected] Website: www.ucity.co.th

This document has been prepared and distributed by the Investor Relations Department of U City Public Company Limited (“U City”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in U City and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. U City does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of U City or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

All information contained in this document is presented as of the date indicated within, and U City assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. U City undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

DISCLAIMER

IR CONTACT

2


CONTENTS

Section 1 U City in Brief

Section 2 Recurring Income Property Business

Section 2.1 Hospitality

Section 2.2 Office

Section 2.3 Residential Property Business

Section 3 Land Bank and Others

Section 4 Company’s information

3


Formerly operating solely in Thailand, we expanded internationally since 2017 with a presence in 10 European countries and 5 Asian

and Middle Eastern countries with assets spanning from hotels across various ownership models to office buildings. Within U City’s

portfolio we now have 95 hotels and more than 26,000 keys owned, leased or managed, 3 office buildings, and business interests

spanning 15 countries globally

Total of 38 hotels and 2 office buildings

Total of 57 hotels, 1 office building, 13 condominium projects launched

PRESENCE IN 5 ASIAN& MIDDLE EASTERN COUNTRIES

PRESENCE IN 10 EUROPEAN COUNTRIES

• Austria• Belarus• Czech Republic• France• Germany• Poland• Romania• Russia• Slovakia• United Kingdom

• Thailand• Vietnam• Indonesia• India• Oman

WE ARE A GLOBAL CAPITAL ALLOCATORInvesting in Diversified Assets Globally

28%Of total revenue from Thailand*

72%of total revenue from overseas*

* Based on FY2018

THB 54bnTotal Asset Value*

4Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief


KEY MILESTONES

5

1999 - 2013

1993

Listed on the SET

Rehabilitation

1988

Company founded

2015

• BTS Group

became a major

shareholder

(35.64%)

• Name changed

to

“U City Public

Company

Limited”

2016

First geographic

expansion into

Europe by

acquiring 33

Gracechurch, an

office building in

London, UK

2017

Acquired a hotel

portfolio,

comprising of 24

pan-European

hotels, and a hotel

management

platform

2018

Becoming a leading

property company

after acquiring the lion’s

share of BTS Group’s

property business under

Unicorn Enterprises

(UE), which includes a

portfolio of hotels, hotel

management platform,

land bank and

residential projects

under BTS-Sansiri joint

ventures

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise



STRATEGYPoised to Emerge as Thailand’s Leading International Property Investor

• Recycle capital for

future investment

• Potential for fee-based

income

• Access to expertise

and new business

opportunities

• Reduce development

and investment risk

• Increase long-term firm

value and synergies

• Diversified portfolio

• Grow through project

development and

acquisition

• Enhance value

through prudent

management and

value engineering

• Maximize synergy

• To benefit from the

‘mass transit

premium’

6

INVESTMENTEFFICIENT USE

OF CAPITALSUSTAINABILITY PARTNERSHIPS

MASS TRANSIT LINK

5 PILLARS OF SUSTAINABLE VALUE ACCRETION

• Respond to changes

in consumer lifestyles,

including digital

disruption

• Environmental

awareness

• Benefit to communities

• Enterprise value/Return

to Shareholders




BUSINESS OVERVIEWHospitality Focused Portfolio at the Start of a Multi-Year Earnings Expansion Period

Hospitality Office

Residential Property Land Bank & Others

Hospitality segment includes a geographically diversified portfolio of owned, leased and managed hotels in Europe and Asia.

Office segment has lettable space comprising of 2 office buildings in London, UK and 1 office building in Bangkok, Thailand

Through our 50% stake in the BTS-Sansiri JV (Sansiri JV), we develop condominiums near mass transit lines. We recognise equity income or a share of profit from the JV

64% of our land bank value is located adjacent to future or current mass transit lines and is therefore well-positioned to benefit from the ‘mass transit premium’

33 GracechurchStreet, London 6-14 Underwood

6-14 Underwood Street, London

TST Tower,Bangkok




2,620

176 1,204

1,380

2017 Hospitality Office Alternatives Residential 2022

5-YEAR TARGETPoised to Emerge as Thailand’s Leading International Property Investor

FY 2017 FY 2022

Operating Revenue

Recurring Net Profit

Operating Revenue20% CAGR

Recurring Net Profit15% Margin*

Key Growth Drivers

Hospitality All pipeline keys becoming operational 5% revenue CAGR for owned hotels

Office Full-year effect of acquisitions and rent reversion

Alternatives Share of profit from international school, The Unicorn mixed-use building

Residential Future gross development value of THB 68bn

CAPEX / Investment 5-year aggregate of THB 14.6bn

5-YEAR TARGET – Operating Revenue of THB 9,400mn, Recurring Net Profit of THB 1,360mn

Operating Revenue Development (Growth 2017 -2022)

* Note: revenue includes share of profit in BTS-Siri JV, Keystone JV and Property management services revenue

9,400

4,030

8

4,030

9,410

72% Overseas28% Thailand

59% Overseas41% Thailand

1,360

(127)



THB mn

THB mn


CONTENTS




Section 2.2 Office




9


Management Platform Brands Under Management Details

Vienna House Capital(100% subsudiary)

Pan-European hotel portfolio, hotel management company and associated brands

4-star boutique hotels across South East Asia with a unique blend of local heritage and modern design

Absolute Hotel Services(50% JV)

3-5 star hotels under the motto of "Value For All Occasions" with signature properties in Thailand, India, Indonesia, Vietnam and Middle East

Travelodge is recognised worldwide as a leading brand in the midscale limited service segment

RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYHOTEL PORTFOLIOStrategic Expansion Flexibility Through a Diverse Spectrum of Brands

Section 2.1: Recurring Income Property Business – Hospitality

Two dynamic hotel management platforms that are mutually complementing, offering strategic flexibility

and a springboard for global expansion, under Vienna House and Absolute Hotel Services


Management Platform Brands Under Management Details

Vienna House Capital

(100% subsidiary)

Pan-European hotel portfolio, hotel management company

and associated brands

4-star boutique hotels across South East Asia with a unique

blend of local heritage and modern design

3-5 star hotels under the motto of "Value For All Occasions"

with signature properties in Thailand, India, Indonesia,

Vietnam and Middle East

Absolute Hotel Services

(50% JV) Travelodge is recognized worldwide as a leading brand in

the midscale limited service segment

10


RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYHotel Portfolio Snapshot

11

NUMBER OF HOTELS AND KEYS GEOGRAPHICAL BREAKDOWN BY KEYS

Section 2.1: Recurring Income Property Business – Hospitality Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Operating In Pipeline

hotels keys hotels keys

Subsidiaries 40 7,351 6 2,145

Owned 24 3,963 1 394

Leased 8 1,459 4 976

Managed 8 1,929 1 775

Joint Ventures 21 2,564 28 14,274

Managed 21 2,564 28 14,274

Total 61 9,915 34 16,419

Owned 24 3,963 1 394

Leased 8 1,459 4 976

Managed 29 4,493 29 15,049

OWNED & LEASED

MANAGED

*

**

*Total owned and leased of Operating and in Pipeline**Total managed of Operating and in Pipeline


OWNED HOTELS (24+1)A Geographically Diversified Hotel Portfolio

12

OWNED HOTEL PERFORMANCE


Hotel Name Country No. of Keys

Vienna House Amber Baltic Poland 194

Vienna House Andel's Lodz Poland 277

Vienna House Diplomat Praque Czech Rep 398

Vienna House Easy Airport Bucharest Romania 176

Vienna House Easy Amberg Germany 110

Vienna House Easy Katowice Poland 203

Vienna House Easy Bad Oeyhausen Germany 146

Vienna House Easy Bratislava Slovakia 167

Vienna House Easy Braunschweig Germany 176

Vienna House Easy Castrop-Rauxel Germany 84

Vienna House Easy Coburg Germany 123

Vienna House Easy Cracow Poland 220

Vienna House Easy Günzburg Germany 100

Vienna House Easy Landsberg Germany 103

Vienna House Easy Limburg Germany 99

Vienna House Easy Neckarsulm Germany 95

Vienna House Easy Pilsen Czech Rep 144

Vienna House Easy Trier Germany 105

Vienna House Easy Wuppertal Germany 130

Eastin Grand Hotel Sathorn Thailand 390

Eastin Thana City Golf Resort Thailand 194

U Inchantree Kanchanaburi Thailand 50

Anantara Chiang Mai Thailand 84

Avani Khon Kaen Thailand 195

Total keys 3,963

HOTELS IN OPERATION (24)

HOTELS IN PIPELINE (1)


Eastin Grand Hotel Phayathai Thailand 394

Total keys 394

2,878 2,862 2,812

2,098 1,903 1,752

72.9%66.5%

62.3%

2017 2018 1Q 2019

ADR RevPar OCC

(THB)

Vienna House Diplomat Prague


Vienna House Easy Berlin

OPERATING LEASED HOTELSA Capital-Efficient Growth Vector for Our European Hotel Business

13

OP. LEASED HOTEL PERFORMANCE


HOTELS IN OPERATION (8)

HOTELS IN PIPELINE (4)


Vienna House Andel's Berlin Germany 557

Vienna House Andel's Cracow Poland 159

Vienna House Easy Berlin Germany 152

Vienna House Easy Leipzig Germany 205

Vienna House QF Dresden Germany 95

Vienna House Mokotow Warsaw Poland 164

U Chiang Mai Thailand 41

U Sathorn Thailand 86

Total keys 1,459

3,503 3,4533,219

2,8022,567

1,997

80%74.3%

62.0%

2017 2018 1Q 2019

ADR RevPar OCC


Vienna House Kronberg Germany 108

Vienna House Easy Raunheim Germany 180

Revo Munich Germany 608

Customs House by Vienna House Thailand 80

Total keys 976

(THB)

Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin


MANAGED HOTELS (29+29)Growth Engine that Benefits from Economies of Scale

14

HOTEL IN OPERATION (29) HOTEL IN PIPELINE (29)


No. Hotel Name Country No. of Keys

1 Angelo by Vienna House Ekaterinburg Russia 211

2 Angelo by Vienna House Prague Czech Rep 168

3 Liner Airport Hotel Ekaterinburg Russia 152

4 Marriott Minsk Hotel Belarus 217

5 Vienna House Andel's Prague Czech Rep 290

6 Vienna House Dream Castle Paris France 397

7 Vienna House Magic Circus Paris France 396

8 Vienna House Martinspark Dornbirn Austria 98

9 Eastin Ashta Resort Canguu Bali Indonesia 130

10 Eastin Easy Aishwarya Talegaon India 90

11 Eastin Grand Hotel Saigon Vietnam 268

12 Eastin Hotel Makkasan Thailand 280

13 Eastin Hotel Tan Chiang Mai Thailand 119

14 Eastin Residences Muscat Oman 50

15 Eastin Residences Vadodara India 44

16 Mountain Lodge By U Thailand 7

17 Travelodge Pattaya Central Thailand 164

18 Travelodge Sukhumvit 11 Thailand 224

19 U Janevalla Bandung Indonesia 119

20 U Jomtien Thailand 63

21 U Khao Yai Thailand 63

22 U Nimman Chiang Mai Thailand 150

23 U Pattaya Thailand 44

24 U Sukhumvit Thailand 82

25 U Tropicana Alibaug India 32

26 U Zenmaya Phuket Thailand 50

27 U Paasha Seminyal Bali Indonesia 99

28 Holiday Inn Leuchtenbergring* Germany 279

29 Holiday Inn Munich Westpark* Germany 207

Total keys 4,493

No. Hotel Name Country No. of Keys

1 Eastin Easy Vita India 50

2 Travelodge Niman Chiang Mai Thailand 150

3 Eastin PhatLinh Hotel Halong Vietnam 334

4 Eastin Hotel & Residences Hanoi Vietnam 200

5 Eastin Grand Hotel Panorama Nha Trang Vietnam 1,056

6 Eastin Hotel Habour Bangkok Vietnam 456

7 Eastin Hotel NhaTrang Vietnam 180

8 Eastin Hotel Saigon (Covert) Vietnam 310

9 Eastin Lakeside Hotel Hanoi Vietnam 90

10 U Kata Phuket Thailand 86

11 Travelodge Jomtien Thailand 150

12 U Lombok Indonesia 110

13 U North Pattaya Thailand 270

14 Travelodge Phuket Town Thailand 180

15 Eastin Grand Hotel Vung Tau Vietnam 4,000

16 Eastin Grand Hotel Hong Van Hotel Halong Vietnam 380

17 Eastin Grand Resort Danang Vietnam 300

18 U Manado Indonesia 120

19 Skye By Travelodge NhaTrang Vietnam 4,300

20 U Danang Vietnam 154

21 U Riverside Hoi An Vietnam 150

22 U Mui Ne Vietnam 108

23 U Bang Rak Samui Thailand 60

24 U Phu Quoc Vietnam 150

25 Eastin Easy Pen India 350

26 Travelodge Jatujak Bangkok Thailand 200

27 Travelodge Laguna Phuket Thailand 200

28 Eastin Residences Sriracha Thailand 180

29 Vienna House Vung Tau Vietnam 775

Total keys 15,049

Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL

15

Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris

Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris

WUPPERTAL


16

Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig

Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig


17

Visualization

VisualizationVisualization



Visualization


18

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok

U Sathorn Bangkok


19

Eastin Grand Sathorn

Eastin Grand Sathorn Eastin Grand Sathorn

Eastin Grand Sathorn Eastin Grand Sathorn

Eastin Grand Sathorn


20Section 2.1: Recurring Income Property Business – Hospitality

Eastin Hotel Makkasan







21Section 2.1: Recurring Income Property Business – Hospitality

Eastin Easy Aishwarya Talegaon



Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon



22

Travelodge Pattaya

Travelodge Pattaya Travelodge Pattaya

Travelodge Pattaya Travelodge Pattaya

Travelodge Pattaya


CONTENTS




Section 2.2 Office




23


33 Gracechurch Street

Situated within the heart of London, fronting the

Gracechurch Street, one of the City’s main

thoroughfares, and close walking distances to

underground stations Bank and Monument

RECURRING INCOME PROPERTY BUSINESS – OFFICEOffice Portfolio Snapshot

24Section 2.2: Recurring Income Property Business – Office

27,184 Sqm

Net Floor Area

Office BuildingNet Floor Area

(sqm)Occupancy

Gracechurch Street (London) 8,747 100%

Underwood Street (London)* 2,370 0%

TST Tower (Bangkok) 16,067 99%

Total/Weighted Average 27,184 91%

33 Gracechurch Street, London

6-14 Underwood Street, London

TST Tower,Bangkok

91 %

Occupancy


* Renovation completed in February 2019

6-14 Underwood Street

Situated within the heart of the tech area of London,

less than 650 meters from Old Street Roundabout, aka

‘Silicon Roundabout’ due to the increasing number of

tech companies relocate to the area. Excellent

transport links

TST Tower

Situated in a burgeoning business area en-route to

Don Muang International Airport and 15 mins from

Mochit BTS Station


33 GRACECHURCH STREET, LONDON

Situated within the heart of the City of London,fronting the western side of Gracechurch Street,one of the City’s main thoroughfares, and benefitsfrom close walking distances to undergroundstations Bank and Monument

33 GRACECHURCH

STREET, LONDON

25

Property Details

Ownership 144-year lease expiring on 18 Jan 2162

Head Rent 5% of the gross rental income

Building Specifications

• Comprehensively refurbished and extended in 2007

• NFA: 8,747 sqm

Tenants• 7 tenants• Average lease term of 7.90 years

Atmosphere around Gracechurch, London Atmosphere around Gracechurch, London

Atmosphere around Gracechurch, London


26

6-14 UNDERWOOD STREET, LONDON

Situated within the heart of the tech city area ofLondon and is less than 650 meters from OldStreet Roundabout, known as ‘SiliconRoundabout’. Due to the increasing in number oftechnology, media and telecommunications manycompanies choosing to relocate to the area. Theproperty also benefits from excellent transportlinks; including underground, rail and bus services.

6-14 UNDERWOOD STREET, LONDON

Property Details

Ownership 37-year lease expiring in 25 Dec 2055

Head Rent GBP 111,250 per annum


• Comprises of three attractive Victorian warehouse buildings

• NFA: 2,370 sqm over basement, ground and three upper floors.

Tenants • In negotiations with potential tenants

Atmosphere around Underwood Street, London



Atmosphere around Underwood Street,

LondonAtmosphere around

Underwood Street, London


TST TOWER, BANGKOK

27

Situated in a burgeoning business area en-routeto Don Muang International Airport and 15 minsfrom Mochit BTS Station, the area is closed to anumber of major Thai corporate headquartersand foreign offices including PTT, Thai Airways,Bangkok Airways, Thai-Rath, Ericsson, Fuji-Xeroxand Halliburton

TST TOWER

Property Details

Ownership Freehold


• One high-rise office tower with multi-floor parking

• NFA: 16,061 sqm on 24 floors

Anchor Tenants

• BTS Group• VGI Media • U City• Office of SME Promotion

Atmosphere around TST Tower





CONTENTS




Section 2.2 Office




28


RESIDENTIAL PROPERTY BUSINESSJoint Venture with Sansiri

29Section 2.3: Residential Property BusinessInformation in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

PARTNERSHIP ROADMAP

2015

2016

50:50 JV to develop a targeted THB 100bn worth of condominiums along current and future mass transit lines through the JV with Sansiri PCL with an expected NPAT margin 12%

2018

• The LINE Jatujak – Mo Chit Project value: THB 5,815mn No. of units: 841

• The LINE Sukhumvit 71Project value: THB 1,967mn No. of units: 291

• The LINE RatchathewiProject value: THB 2,851mn No. of units: 231

• The LINE Asoke-RatchadaProject value: THB 3,022mn No. of units: 473

• The BASE Garden Rama 9Project value: THB 2,336mn No. of units: 640

• The LINE Phahon-PradipatProject value: THB 5,890mn No. of units: 981

2017

• The BASE Phetkasem 29Project value: THB 2,012mn

No. of units: 640

• The MONUMENT Thong LoProject value: THB 6,258mn

No. of units: 127

• The LINE SathornProject value: THB 3,910mn

No. of units: 327

• The LINE Sukhumvit 101Project value: THB 4,653mn

No. of units: 778

• KHUN BY YOO Project value: THB 4,069mn No. of units: 148

• The LINE WongsawangProject value: THB 4,776mn No. of units: 1,288

The LINE WongsawangThe LINE

Sukhumvit 101

The LINE

Jatujak-Mo Chit

Fully transferred

• The BASE SaphanmaiProject value: THB 2,921mn No. of units: 820

• The LINE Phahonyothin ParkProject value: THB 4,961mn No. of units: 880

2019The LINE

Sathorn • The BASE Ratchada-ThapraProject value: THB 3,050mn

No. of units: 1,037

• VIA Sukhumvit 34Project value: THB 1,345mn

No. of units: 82

• Yak Phang MuangProject value: THB 1,842mn

No. of units: 315


30

THE BASE Sapanmai

THE LINE Phahonyothin Park

THE LINE Phahon Pradipat

THE LINE Ratchathewi

THE MONUMENT Thong Lo

KHUN BY YOO

THE LINE Sukhumvit 101THE LINE Sathon

THE BASE Phetkasem

THE LINE Wongsawang

Active Projects

RESIDENTIAL PROPERTY BUSINESS

(THB mn) 1Q 2019 4Q 2018 1Q 2018 % QoQ %YoY

Value 1,310 778 769 68.4% 70.4%

No. of units 314 228 288 37.7% 9.0%

*Net of cancellations

PRESALES BACKLOG SCHEDULE

(THB mn)

*Backlog as of 8 April 2019. Not equity adjusted

5,219

6,928

3,546

1,053

2019 2020 2021 2022 Total

16,745

PRESALES UPDATE

Active Projects along Mass Transit Lines

Presales Update and Backlog Schedule


CONTENTS




Section 2.2 Office




31


LAND BANKSufficient Land Bank For Multi-Year Development

Khukhot51.7 rai (8.3 ha)

Mochit11.1 rai (1.8 ha)

Bangkrachao25.4 rai (4.1 ha)

Ratburana27.5 rai (4.4 ha)

Suksawad16.6 rai (2.7 ha)

Land Bank

NATIONWIDE LANDBANK PORTFOLIO

Total of 881.6 rai (1.41mn sqm) divided into 132.4 rai (0.21mn sqm) located in Bangkok & Vicinities and 749.2 rai (1.20mn sqm) upcountry

Bangkok & Vicinities

132.4 rai (21.2 ha)

Nakorn Ratchasima

747.2 rai (119.6 ha)

Chonburi (to be disposed)

2.0 rai (0.3 ha)

BOOK VALUE OF LAND BANK 31 MAR 2019

THB bn Book Value

Bangkok & Vicinities 6.6

Upcountry 1.4

Total Land Bank 8.0

% Near Mass Transit 63%

Land Bank along Mass Transit Lines


33

51 levels of mixed use complex building comprising retail, office, 4-star hotel and premium residences

RetailNFA: 2,816 sqm

Office NFA: 22,499 sqm

Premium Residence118 unitsNFA: 7,560 sqm

Hotel397 keysNFA: 20,714 sqm

THE UNICORN, PHAYATHAI

THE UNICORN

Project at a Glance

Project value Approximately THB 9.2bn

Land Area 7.3 Rai or 1.2 Ha (11,749.6 sqm)

GFA 120,400 sqm

LocationAdjacent to 2 mass transit stations: BTS Phayathai Station and Airport Rail Link

Status 8% Progress

Project period Approximately 48 months

Project Details


34

The Unicorn: Commercial Preliminary Concept Design


ROI CHAK SAM

35

A luxurious 5-star hotel project in a rare, historic,colonial-era heritage building located along magnificentChao Praya Riverside, on Charoen Krung road

Total AreaNFA: 12,300 sqm

World-ClassDining Experience

5-Star Luxurious Hotel

ROI CHAK SAM

Project at a Glance


Land Area 6.3 Rai or 1.0 Ha (10,148 sqm)

LocationOn the Chao Praya Riverside, SoiCharoenkrung 36, Bangrak, Bangkok

ConceptFocus on the harmony between the ancient custom house and new building

Management Company

Inhouse brands and management platform

Project Details


VERSO INTERNATIONAL SCHOOL AT THANA CITY

36

A 50:50 joint venture between U City and Hong Kong Partner who has extensive experience in International School to provide educational services for up to 1,800 students from grade 1 to 12

VERSO INTERNATIONAL

SCHOOL

Project at a Glance

Project Details


Land Area 109.8 Rai or 19.1 Ha (191,642 sqm)

Location Thana City

ConceptProviding unique learning experience and paring modern technology and contemporary teaching techniques

Status 35% Progress

Project period Approximately 36 months

Construction period

2017 1Q 2020

Start Completion


CONTENTS




Section 2.2 Office



Section 4 Company’s Information

37


COMPANY’S INFORMATION

38

STOCK PROFILE

* Bloomberg as of 29 March 2019. Excludes preference shares

Mr. Keeree KanjanapasChairman

Mr. Rungson SriworasatIndependent Director / Chairman of Audit Committee / Nomination & Remuneration Committee

Mr. Chaiwat AtsawintarangkunIndependent Director / Chairman of Nomination & Remuneration Committee / Audit Committee

Mr. Plakorn WangleeIndependent Director / Audit, Nomination & Remuneration Committee

Mr. Paisal TarasansombatIndependent Director / Audit, Nomination & Remuneration Committee

Mr. Surajit GongvatanaDirector / Chairman of Executive Committee

Mr. Kavin KanjanapasDirector

Mr. Kong Chi KeungDirector

Ms. Piyaporn PhanachetExecutive Director / Chief Executive Officer

Mr. Sayam SiwarapornskulExecutive Director / Chief Legal Officer / Company Secretary

Top 10 Shareholders (29 March 2019)

1 BTS Group Holdings PCL 35.8%

2 Trophy Capital Growth Fund 10.8%

3 Thai NVDR Co Ltd 2.2%

4 The Vanguard Group Inc 2.2%

5 Sukalya Tongpan 1.6%

6 Komol Jungrungreangkit 1.4%

7 Wichit Chinnawongworakul 1.4%

8 Somkiet Chatsakulwilai 0.9%

9 Chaiyan Chakarakul 0.9%

10 Thongpleow Siripornpitak 0.8%

Stock Code U / U-P

Market Capitalisation THB 12,462mn

Total Outstanding Shares 5,614mn

Total Preference Shares 11,970mn

Website: http://www.ucity.co.th

BOARD OF DIRECTORS

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