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Our Business❖ Complete interior contractor services
❖ For hotels, hospitals, condominiums, offices, shopping malls, universities, and houses
❖ Thailand and abroad
❖ Public enterprises and private corporations
3
Company History
Current registered capital of more than 500 Million Baht
Listed in the MAI market with 350 Million Baht registered capital
Stop exporting and focus only on interior construction
Manufacture and export rubber wood furniture
Start interior construction
Manufacture and supply office furniture to the government1985
1992
1993
2000
2013
Now4
Strength1. The first listed interior construction company in Thailand
2. Net cash company
3. Continuous growth
4. Good working relationship with both private and public sectors, as well as the suppliers
5. Expertise in many project fields (hotels, hospitals, condos, offices, etc.)
10
AEC❖ Relationship with Chip Mong Group (from Cambodia)
❖ Opportunities to expand to a higher margin market
12
BiddingCurrent❖ Office ~1300MB
❖ Hospital ~900MB
❖ Condo and Housing ~40MB
❖ Hotel and Residence ~50MB
Future❖ Office (4 projects ~ 1300MB) *government
❖ Hospital (2 projects ~600MB) *government and private
❖ Retail ~250MB
13
Half Year Financial Highlights
Current Ratio: 2.99D/E Ratio: 0.50
Backlog: 1,240 MB
GP: 5.79%
NP: 6.87%
Revenue: 740 MB
Gross Profit: 43 MB
Net Profit: 51 MB
15
Half Year Revenue and Profit TrendsM
illio
n Ba
ht
0
200
400
600
800
Net Profit Gross Margin Revenue
740
4351
691
11345
568
13178
432
10354
290
7133
2013 2014 2015 2016 2017
16
Other1%House
10%Museum
6%
Office24%
Hotel4%
Hospital55%
Backlog Structure
17
Private23%
Public77%
❖ current work on hand: 1,240 Million Baht
Revenue ForecastM
illio
n Ba
ht
00
450
900
1,350
1,800
2013 2014 2015 2016 2017 2018
1773
902
740
13681154
907601
Revenue Forecast
27%
17731642
19%
20%8%
51%
20
Investment Highlights
Price (B) 3.30
P/E 8.64
Listed Share (M) 986.21
Market Cap (MB) 3,254.49
Dividend Policy Not less than 40%
First-day trade September 25, 2013
(as of September 1, 2017)
22
Krungthep Kritha
❖ Bought: 87 Million Baht in August 2009 (20 Rai)
❖ Sold: 492 Million Baht in April 2017
❖ Cost: 37 Million Baht (commission and transfer fee)
❖ Profit: 368 Million Baht
❖ Special dividend paid: 0.27 Baht per share on September 5, 2017
23
Khu Khot
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สถานี คูคต
❖ The land is located just 80 meters away from the Khu Khot Station (Metro Green Line)
❖ Opposite is the land owned by BTS Group
❖ Cost: 616,242,400 Baht (28 Rai)
Summary
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Promising IndustryGovernment projects
AEC opportunityFew competitors
Excellent TeamCommitted management team
Experienced craftsmanKnowledgable operator
Strong Financial StatusLow D/E ratioCash company
Continuous growth
Trustworthy Interior Contractor30 years of experience
Great track recordsNumber one in the industry