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������ ������� �� �� (�����)Prinsiri Public Company Limited

PresentationOpportunity Day23 March 2006

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Contents

Company Profile

Operation Overview

Industry Overview

Financial Highlights

Company Highlights

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Company Profile

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Main Business : Property Development

Establishment : February 23, 2000

Listed : November 7, 2005

Paid-up Capital : 670 Million Baht

No. of Shares : 670 Million Shares

Par Value : 1 Baht

Head Office : 123 Sun Towers A 12 th Fl., Vibhavadi-Rangsit,

Chompol, Chatuchak, Bangkok 10900

No. of Employees : 225 Employees

Company Profile

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Group Structure

Prinsiri Plc.Paid-up Capital 670 Million Baht

Grow Yotha Group Co.,Ltd.Paid-up Capital 10 Million Baht

Prinventure Co.,Ltd.Paid-up Capital 5 Million Baht

99.99% 51.00%

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Board of Directors & Management Team

Board of Directors

1. Mr.Mongkol Pao-in2. Mr.Surabhon Kwunchaithunya3. Ltn.Sivaraks Phinicharomna4. Mr.Amnat Ngamsuriyarote5. Ms.Siriluck Kovitchindachai6. Mr.Kwanchai Mongkolkittaveepol7. Mr.Chaiwat Kovitchindachai8. Mrs.Moogda Arriyavat9. Mr.Sakol Pao-in10. Mr.Numchai Vanapanubet

Executive Committee

1. Ms.Siriluck Kovitchindachai President2. Mr.Kwanchai Mongkolkittaveepol Executive Committee3. Mr.Chaiwat Kovitchindachai Executive Committee4. Mr.Sakol Pao-in Executive Committee5. Mr.Namchai Vanapanubet Executive Committee

Management Team

1. Ms.Siriluck Kovitchindachai Managing Director2. Mr.Kwanchai Mongkolkittaveepol Assistant Managing Director

(Marketing)3. Mr.Chaiwat Kovitchindachai Assistant Managing Dire ctor

(Construction)4. Mr.Namchai Vanapanubet Assistant Managing Director

(Finance)5. Mr.Sakol Pao-in Assistant Managing Director

(Administration)

ChaimanChairman of Audit CommitteeAudit CommitteeAudit CommitteeDirectorDirectorDirectorDirectorDirectorDirector

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Shareholder Structure

Kovitchindachai Group

76.01%

Public23.99%

As of 28 February 2006

(670 Million Shares)

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Products

“Experience a Truly Charming Home

“ �����������... ��������������������”Amidst Lush Nature”

Single Detached Home(Premium Market)

(Siritawara)

Single Detached Home(Middle Market)

(Prinyada)

Town House

(Prinyaluck)

Other

(The Pulse)

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Products

Siritawara

Single Detached Home (Premium Market)

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Products

Single Detached Home (Middle Market)

Prinyada

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Products

Prinyaluck

Town House

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Products

The Pulse

Condominium

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Achievements

Awards of Merit from Pacific Coast Builders Confere nce (PCBC),

San Francisco, USA, Year 2001 & 2004

Year 2001Best Single FamilyDetached Home(under 1,800 sf)

Year 2001Best Single FamilyDetached Home(2,601–3,000 sf)

Year 2004Best Single FamilyDetached Home(3,300-3,600 sf)

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Marketing Strategy

Product DifferentiationImage Differentiation

Brand Awareness

Profit ThroughCustomer

Satisfaction

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Operation Overview

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Sold Out / Completed Projects

Opening Sold-out

date date Unit Value (MB.) %

Prinsiri Soi Samakomphad 2-Storey SDH Sep-00 Dec-02 90 496.96 18.38

Prinsiri Privacy 2-Storey SDH Mar-02 Jun-03 25 213.54 7.90

Prinyaluck Chamchan 3-Storey TH Jun-02 Feb-04 137 318.43 11.78

Prinyaluck Nawamin 3-Storey TH Feb-04 May-05 168 503.50 18.62

Prinyada Chalongrat 2-Storey SDH May-04 Dec-05 190 1,171.27 43.32

Total 610 2,703.70 100.00

Sold & TransferredProject Characteristics

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Current ProjectsAs at 31 December 2005

Unit Value (MB.) Unit Value (MB.) % Unit Value (MB.) %

Prinsiri Nawamin Sep-02 88 727.72 85 683.72 93.95 85 683.72 93.95

Prinsiri Nuanchan Mar-03 49 415.09 49 415.09 100.00 48 398.09 95.90

Prinyada Chamchan Sep-03 27 174.67 24 148.64 85.10 24 148.64 85.10

Siritawara Oriental Dec-03 67 1,128.05 41 678.60 60.16 27 436.18 38.67

Prinyada Theparak Phase I Mar-04 83 395.91 53 237.45 59.98 52 231.62 58.50

Prinyada Sathon Ring Road Apr-05 174 1,046.23 160 961.47 91.90 57 306.61 29.31

Prinyada Theparak Phase II Jun-05 106 304.10 100 285.97 94.04 46 126.75 41.68

Total Single Detached House 594 4,191.77 512 3,410.94 81.37 339 2,331.61 55.62

Prinyaluck Rama II Jun-05 164 538.12 132 424.81 78.94 51 157.34 29.24

Prinyaluck Exclusive Sep-05 48 209.59 30 98.64 47.06 25 80.23 38.28

212 747.71 162 523.45 70.01 76 237.57 31.77

806 4,939.48 674 3,934.39 79.65 415 2,569.18 52.01

Total Townhouse

Total

Sold TransferredProject Opening date

Total

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Projects Status

As at 31 December 2005

(MB.)

683.72

398.09

148.64

436.18

231.62

306.61

126.75

157.34

80.23

683.72

415.09

148.64

678.60

237.45

961.47

285.97

424.81

98.64

727.72

415.09

174.67

1,128.05

395.91

1,046.23

304.10

538.12

209.59

0 200 400 600 800 1000 1200 1400

Prinsiri Nawamin

Prinsiri Nuanchan

Prinyada Chamchan

Siritawara Oriental

Prinyada Theparak Phase I

Prinyada Sathon Ring Road

Prinyada Theparak Phase II

Prinyaluck Rama II

Prinyaluck Exclusive

Transferred Sold Total

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Projects Location

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Projects Location

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Projects Location

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New Projects Launched in 2006

Unit Value (MB.)Prinsiri ProjectsPrinyada Rama II Phase I 2 stories SDH 69 513 Prinyaluck Intraluck 3 stories TH 42 168 The Pulse Condominium - Lardprao 9 stories Condo 202 323 Prinyaluck Sathon Ring Road 3 stories TH 135 418 Prinyada Buddha Monthon Sai II 2 stories SDH 87 699 Prinyada Kaset-Nawamin 2 stories SDH 160 872 Prinyaluck Aekkachai 3 stories TH 202 691 Prinyaluck Petchkasem 3 stories TH 257 824 Condominium - Rajchaprarop 33 stories Condo 547 1,400 Total Prinsiri Projects 1,701 5,908 Prinventure ProjectsSDH Onnuch 2 stories SDH 62 405 TH Onnuch 3 stories TH 184 595 SDH Rangsit 2 stories SDH 233 800 TH Rangsit 2 stories TH 311 550 Home Office Onnuch Home Office 22 110 Total Prinventure Projects 812 2,460

Total 2,513 8,368

Q3/06 Q4/06Expected Opening DateProject Characteristics Total

Q2/06Q1/06

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Industry Overview

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Housing Registration in BKK & Vicinity

Source : Bank of Thailand

32,028 34,023 34,035

50,594

62,79667,829

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2000 2001 2002 2003 2004 20050

1

2

3

4

5

6

7

8

Launched Unit GDP (%)

(Unit) (%)CAGR 16.19% 8.01%

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Housing Registration in BKK & VicinityBy Category

26.01 28.48

42.22

59.4764.90

52.98

17.59 13.79

5.79

3.773.48

9.81

56.40 57.7251.98

36.7631.62

37.21

0%

20%

40%

60%

80%

100%

2000 2001 2002 2003 2004 2005

Housing Project Apartment & Condominium Self-Buit Housing

26Source : AREA

New Housing Launched in BKK & Vicinity

Detached, 39%

Duplex, 3%Town House, 29%

Shop House, 4%

Condominium, 24%Land, 1%

Detached, 31%

Duplex, 5%

Town House, 28%

Shop House, 3%

Condominium, 30%

Land, 3%

Year 2004Total Newly Launched

62,437 Unit

Year 2005Total Newly Launched

58,006 Unit

27Source : GHB & Home Buyer (Research date 19 – 21 November 2004)

Demand of Housing Price

500,001 Baht-

4,000,000 Baht

78.94%Price (Baht) Person %> 500,000 1,432 6.76

500,001 - 1,000,000 4,797 22.64 1,000,001 - 1,500,000 3,855 18.19 1,500,001 - 2,000,000 3,163 14.93 2,00,0001 - 3,000,000 3,294 15.55 3,000,001 - 4,000,000 1,618 7.64 4,000,001 - 5,000,000 1,042 4.92 5,000,001 - 7,000,000 1,014 4.79

< 7,000,001 418 1.97 No Specify 556 2.62

Total 21,189 100.00

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Price (Baht) Detached Duplex Town House Shop House Condominium Land Total> 500,001 - - - - 863 1,370 2,233

500,001 - 1,000,000 565 314 6,045 9 4,757 - 11,690 1,000,001 - 2,000,000 2,086 1,108 6,582 110 5,887 211 15,984 2,000,001 - 3,000,000 2,717 1,270 785 367 1,631 93 6,863 3,000,001 - 5,000,000 6,678 222 2,397 994 1,893 12 12,196

5,000,001 - 10,000,000 4,439 93 597 148 1,348 4 6,629 10,000,001 - 20,000,000 1,246 - 23 - 662 - 1,931

< 20,000,000 83 - - - 397 - 480 Total 17,814 3,007 16,429 1,628 17,438 1,690 58,006

New Housing Launched in BKK & VicinityYear 2005 By Price Range

500,001 Baht-

5,000,000 Baht80.57%

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Housing Demand in BKK & Vicinity Year 2006 (Estimate)

67,829Unit

Year 2005

68,000 – 72,000Unit

Year 2006

0.25% - 6.15%

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Financial Highlights

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Total Revenues(MB.)

376.41

1,170.44

1,486.66

2,325.34

-

500

1,000

1,500

2,000

2,500

2002 2003 2004 2005

CAGR 83.49 %

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Revenue Structure

SDH - Prem. market37.94%

SDH - Middle market38.66%

Townhouse22.23%

Other Revenues1.17%

Total Revenue1,486.65 MB.

Total Revenue2,325.34 MB.

Year 2004

SDH - Prem. market18.42%

SDH - Middle market56.44%

Townhouse18.05%

Revenue from Sales3.07%

Other Revenues4.01%

Year 2005

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Revenues by Quarterly

Q112.88%

Q216.87%

Q327.50%

Q442.76%

Q112.93%

Q29.91%

Q320.26%

Q456.90%

2003 2004 2005

Q116.53%

Q211.58%

Q324.11%

Q447.78%

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Gross Profit Margin

20.3%21.3%

28.8%30.9%

0%

5%

10%

15%

20%

25%

30%

35%

2002 2003 2004 2005

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Net Profit(MB.)

18.27

114.11

184.19

304.75

-

50

100

150

200

250

300

350

2002 2003 2004 2005

CAGR 155.51 %

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Net Profit Margin

4.85%

9.75%

12.39%13.11%

0%

2%

4%

6%

8%

10%

12%

14%

2002 2003 2004 2005

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COGS , SG&A

79.71% 78.71%71.25% 69.72%

11.47%6.45%

10.82% 11.43%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2002 2003 2004 2005

COGS SG&A Revenue

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Total Asset, Total Liabilities & Total Equity(MB.)

850.97

2,200.83 2,124.42

3,196.99

1,748.08

1,334.70

1,613.29

673.54

1,448.91

789.72587.54

177.43

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2002 2003 2004 2005

Total Asset Total Liabilities Total Equity

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ROE & D/E Ratio

ROE D/E Ratio

Times

21.0%

26.5%

17.0%

29.8%

0%

5%

10%

15%

20%

25%

30%

35%

2002 2003 2004 2005

1.21

3.80

2.75

1.69

0

1

2

3

4

2002 2003 2004 2005

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Financial HighlightsItems 2002 2003 2004 2005

Pre-Sales (THB M.) 634.9 844.5 2,117.4 2,660.3

Sales (THB M.) 374.0 1,168.8 1,469.2 2,241.0 Total Revenues (THB M.) 376.4 1,170.4 1,486.7 2,325.3

YoY , QoQ Chg (%) N.A. 210.9% 27.0% 56.4%Gross Profit (THB M.) 75.9 248.9 422.5 692.9

Gross Margin (%) 20.3% 21.3% 28.8% 30.9%Operating Profit (THB M.) 35.4 175.2 279.3 448.8

Operating Margin (%) 9.5% 15.0% 19.0% 20.0%Net Profit (THB M.) 18.3 114.1 184.2 304.2

Net Profit Margin (%) 4.9% 9.7% 12.4% 13.1%

Basic EPS (THB) 0.10 0.23 0.36 0.52 Fully Diluted EPS (THB) 0.03 0.17 0.27 0.45

Total Assets (THB M.) 851.0 2,200.8 2,124.4 3,196.9 Equity (THB M.) 177.4 587.5 789.7 1,448.9

Financial Debt (THB M.) 498.1 1,480.5 1,043.6 955.1

Debt to Equity (x) 3.80x 2.75x 1.69x 1.21xROAA (%) 2.8% 7.5% 7.9% 9.5%*ROAE (%) 17.0% 29.8% 26.5% 21.0%*

*Calculated base on LTM Net Income# Consolidated Figures

41Company Highlights

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Company Highlights

� Long Experienced Management� Excellent Location, High Growth Area� Implement New Designs & Use of High Quality Materials� Competitive Pricing with Effective Marketing Strategies� Expanding Revenue� Growth in Profit Margin� Healthy Balance Sheet with Low D/E, High Interest Coverage

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Investor Relation Contact

Mr.Chatree ChancharoenritTel : (02) 617-6900 Ext. 602

Fax : (02) 617-6910-11Email : chatree@prinsiri.com

Address : 123 Sun Towers A 12th Fl., Vibhavadi-Rang sit,Chompol, Chatuchak, Bangkok 10900

Website : www.prinsiri.com

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