quarter 1 / 2019 - set.or.th · thailand’s consumer confidence index (cci) slightly up to 80.7 in...

1 Quarter 1 / 2019

Disclaimer

The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (“PLAT” or the "Company") to you solely for your reference. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and their respective affiliates or advisors. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and their respective affiliates or advisors. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto in Thailand or any other jurisdiction. Any recipient considering a purchase of securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in the final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. The information in this presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many cases outside the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. You are cautioned not to place undue reliance on these forward looking statements. In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct any inaccuracies therein which may become apparent. None of PLAT or any of their respective affiliates or other advisors accepts any liability to any person in relation to the granting of access to, or possession of, this document in any jurisdiction.

2

“ To be the leader in commercial property development sector with mixed use development to cover residential, office and hotel together with fill support for entrepreneur, social and environment by making the optimum return to shareholders, encouraging work life balance to employees, and looking for corporate partners to achieve the sustainable growth.”

3

PLAT’S VISION

MISSIONS To Support “Pratunum Trading District” development as a central

strategic location for the country.

To continue strengthen wholesale and retail shopping center management in all market segments.

To promote the holistic view of mixed used property development to meet business requirement for local and South East Asia.

To encourage the entrepreneurship, strategic partner engagement, and responsible for social , community, environment, employees and shareholders for sustainable growth.

To develop personnel potentiality in preparation for business expansion and encourage the employees to align with the business engagement strategy and the encouraging the novelty or new ideas to generate new innovation

Major Shareholders

Choturangkool Family,

49%

Wijithanarak family, 11%

Limpiviwatkul family, 8%

Pongsuthimanus family,

4%

Institutional Investors,

14%

Others, 14%

2,800,000,000 Shares

As of Mar 2019

PLAT’S Profile

Symbol “PLAT”

4

Business Rental & Service 1

Food & Beverage

Business 3

Business Hotel 2

For Rent Business Office Building

4

Well mixed with synergy support to each others

Diversified Business Portfolio

PLAT group’s business

5

Rental & Service Business

(The Platinum Fashion Mall, The Market Bangkok,

The Neon Night Bazaar and The Wharf Samui)

Hotel Business

(Novotel Bangkok Platinum Hotel)

Food & Beverage Business

(Food center on the 6th floor inside of The Platinum Fashion Mall)

Office Building For Rent Business

(Future Project on top of The Market Bangkok)

6

Location

Annual Tenant Meeting SME Empowering

Prime Location

PLAT’s strengths

Tenants Supports

Low D/E

Low Risk

Growth Company - 4 Hotels - 1 Retail - 1 Office Building

7

Executive Summary Industry

International Tourism Arrival increased by 2% YoY in Q1/19 to 10.8 Million.

Thailand’s Consumer Confidence Index (CCI) slightly up to 80.7 in Q1/19 from 80.4 in

Q4/18. Household debt remained high and affects the spending power of consumers. Same-store sales growth(SSSG) in Q1/19 of major retailers drop to 12.5% from 14.5% in

Q1/18 due to weak domestic consumption.

Source : CBRE, BOT, Ministry of Tourism & Sports

8

Executive Summary Business

Q1/19 Revenue = 604 MB(+14% YoY), Net Profit = 201MB (-1% YoY) Q1/19 SG&A per Total Revenue = 17% (0% YoY)

Q1/19 Group’s Revenue proportion : Rental & Service 67%, Hotel Business 19%, F&B 10%,

Others 4% Q1/19 GP Margin = GP Margin 57%, NP Margin 33%

AGENDA Industry Update

Q4/2018 and Year 2018 Performance Review

Outlook

The Market Project Update

Q&A

Appendix

9

10

29.9

32.5

35.4 38.3

41.1

1.62 1.63 1.82 2.01 2.2

-30

-25

-20

-15

-10

-5

0

5

0

5

10

15

20

25

30

35

40

45

2015 2016 2017 2018 2019 (F)

No.of foreign tourist Tourist receipt (Trillion Baht)

Thailand’s International Tourist Arrivals

Source: Ministry of Tourism and Sport Kasikorn Research 28 Jan 2019

Source: Ministry of Tourism and Sport Kasikorn Research 28 Jan 2019

Key factors affect an arrival of International Tourism

11

12

Thailand’s International Tourist Arrivals

Source: Ministry of Tourism and Sport

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

JAN FEB MAR APR MAY JUN JULY AUG SEP OCT NOV DEC

2015 2016 2017 2018 2019


Q1/2019 Performance view

Outlook


Q&A

Appendix

13

1,097 1,757 1,787

2,507 2,273

216

BEFORE 2018 2018 2019 2020 2021 2022

2021 onwards

4-Year Capital Expenditures Plan (Project Investment)

2020 2019

32,938 Sq.m. 288 Hotel Keys



106,982 Sq.m. 1,583 Hotel Keys

14

2018


2015-2017

Unit : MB

1,097 1,757 1,787

2,507 2,273

216

BEFORE 2018 2018 2019 2020 2021 2022

2019 Projects in pipeline Investment

15

1,262 MB

512 MB

13 MB

Others

Unit : MB

Operate Land Ownership

Leasable Area (sq.m.)

Avg Rental Rate %OCC

The Platinum Fashion Mall

Dec 2005 Freehold 23,087 3,092 97%

Wharf Samui

Jan 2015 Leasehold 5,423 543 28%

Neon Night Bazaar Phase 1:Dec 2016 Phase 2: Dec 2018

Leasehold 5,772

1,721 83%

The Market Bangkok Retail Phase 1

14 February 2019 Leashold 28,000 1,462 77%

Novotel Platinum Pratunam

Nov 2011 Freehold 288 keys 3,472 95%

Current Projects (Q1/2019)

16

Investment value (MB)

Tentative Timeline Ownership Leasable Area

The Market Retail Phase 2

1,000 Q2/2021 Leasehold 30 +30 Years ended 2079

6,700 sq.m.

The Platinum Tower @ M2


38,000 sq.m.

Fairfield by Marriot @ M3


434 keys

Moxy Hotel @ M1


532 keys

Holiday Inn Resort Samui 425 Q3/2020 Freehold 127 keys

Holiday Inn Express 475 Q3/2020 Freehold 202 keys

Projects in pipeline

17

Since December 2018, Neon Phase 2 contributes additional NLA 1,344 Sq.m. Since February 2019, The leasable area from Rental &Service business increases from 34,282 sq.m. to 62,282 sq.m. (+82%)

from The Market Bangkok (M1,M2 building).

23,087 23,087 23,087 23,087 23,087

5,423 5,423 5,423 5,423 5,423

4,428 5,772 5,772 5,772 5,772

28,000 28,000

34,700

38,000

2017 2018 2019 2020 2021

Platinum Fashion Mall The Wharlf Samui Neon Night BazarRetail@The Market The Platinum Tower (office)

Expansion Plan –Rental & Service Rental & Service Business ( Sq.m. Leasable Area)

Y2017 32,938

Y2019 62,282

Y2018 34,282

Y2021 106,982

Y2020 62,282

18

Expansion Plan- Hotel Hotel Business (Keys)

288 288 288 288 288

127 127

202 202

434

532

2017 2018 2019 2020 2021

Novotel BKK Holiday Inn Resort samui Holiday Inn Express Samui Fairefield @ M3 Moxy @ M1

Y2017 288

Y2019 288

Y2018 288

Y2021 1,583 Y2020

617

19

In year 2020, there will be 329 additional keys from Holiday Inn Samui. In year 2021, there will be another 2 hotels in The Market Bangkok project with 966 keys from Moxy

Hotel on M1 and Fairfiled by Marriott on M3 Building.

69 166 250 438

630 704 772 785

203 199 186 198 201

2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

272 432 503 719

950 1,043 1,171 1,177

301 297 280 299 317

2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Financial Summary

670 1,015 1,169

1,445 1,768 1,863 2,059 2,117

531 517 512 557 604

2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Unit :Million Baht

EBITDA Margin

Net Profit Margin

41% 43% 43% 50% 54%

10% 16% 21% 30% 36%

56%

38%

52% 58%

38%

57%

33%

Overview

57%

36%

55%

38% 37% 35%

56% 54%

20

-2 MB, -1% YoY

+73 MB, +14% YoY

37%

+16 MB, +5% YoY

Net Profit

Ebitda

Revenue

59%

20%

13%

8%

670

1,015

1,169

1,445

1,769 1,863

2,059 2,117

2011 2012 2013 2014 2015 2016 2017 2018

Rental and Services Hotel Business Food and Beverage Others

Note: Revenue from hotel business includes both room revenue and Novotel F&B revenue

Unit : Million Baht

Revenue Breakdown

531 517 512

557

604

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Rental and Services Hotel Business

Food and Beverage Others

59% 62%

57%

39%

3%

43%

28%

25%

4%

45%

26%

24%

5%

63%

17%

16%

4%

59%

13%

19%

9%

1%

21%

12%

5%

59%

13%

20%

8%

Key

Highlights

Financial

Highlights

Business

Overview

Future

Projects

65%

13%

19%

3%

65%

13%

21%

1%

13%

63%

20%

4%

60%

22%

13%

5%

21

67%

19%

10%

4%

296

454

582

836

992 1,068

1,213 1,307

323 319 326 336 330

2011 2012 2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

62%

-7 MB, -2 % YoY

Gross profit Margin 63% 64%

46% 47% 52% 60% 61% 62% 64%

Unit : Million Baht

64% 64%

22

Gross Profit from Core Business

57%

181

209 237

62 51 58 66 59

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Unit :Million Baht Core Business

837 941

1,005

247 253 252 252 256

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Gross Profit from Rental Business Gross Profit from Hotel Business

Gross Profit from Food & Beverage Business

+9 MB, +4% YoY

50

63 65

14 15 16 18 15

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

-3 MB, -5% YoY

+1 MB, +7% YoY

23

24

% GP of Core Business

69%

76% 76% 76% 75% 75% 75% 76% 76% 75%

63%

50%

40% 45%

50% 53%

55% 56% 53% 54%

55%

53%

24%

19% 21% 20%

24% 24% 22%

23% 24% 25% 24%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

2013 2014 2015 2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Rental &Service Hotel F&B

RENTAL & SERIVICE

F&B

HOTEL

Business Type The Biggest wholesale and retail fashion shopping mall over 2,600 shops where had opened since November 2005


26

Average R Walk Traffic per day Average No. of tourism traffic on R Walk Q1/19 =70,239 people per day (+32% YoY)

27

53,093 52,512 53,667 54,263 56,448

67,035 66,372 70,481 67,925

63,731 68,454

76,656

62,553

68,806 70,395 71,515 72,891

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec AVG

2017 2018 2019

REMARK : July 22-31, 2016 ( 10 Days) Open Skyline (Full Phase) on Mar 29, 2017 Open Gate 7 (Big C) on May 14, 2018 Open Gate 2 (Novotel) on Jan 28, 2019 and Open The Market on Feb 14, 2019

Platinum Fashion Mall Traffic

0

50

100

150

200

250

300

350

400

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

No. of Buses

2017 2018 2019

0

200

400

600

800

1000

1200

1400

1600

1800


No. of Vans

2017 2018 2019

28

No. of Buses visiting the Platinum Fashion Mall Q1 2019 : 741 bus -3% YoY

No. of Vans visiting the Platinum Fashion Mall Q1 2019 : 3,052 vans -28% YoY

2,974 3,101

3,175 3,183 3,184 3,175 3,156 3,092

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Baht per sq.m. per month

Occupancy Rate

Rental Rate


2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

98% 98% 98% 98% 99% 99% 98% 97%

29

-91 MB, -2% YoY

3,525 Sq.m.

4,046 Sq.m

2,716 2,163

2,484

1,000 997

1,134 1,282

2,158

3,303

Q3/18 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q4/22 Q3/23 Q4/23

Lease area(Sq.m.) AVG Rental rate (Baht/Sqm)

The Platinum Fashion Mall Expiring Schedule and average rental rate of long-term contract

30

Breakdown by Category

As of 31 Mar 2019 As of 31 Mar 2019


By Area By Shop

Fashion clothes and accessories

67%

Storage 15%

restuarants 9%

Banks 3%

Services 4%

Others 2%

Fashion clothes and accessories

75%

Storage 15%

restuarants 3%

Banks 1%

Services 3%

Others 3%

31

Breakdown of Unearned Rental Income

Note : The proportion is calculated base on leasable area in both buildings of The Platinum Fashion Mall.

Breakdown of Tenant term

As of 31 Mar 2019 As of 31 Mar 2019


166 MB, 46%

195 MB ,54%

Within 1 year Within 2-5 year

1,044 Contracts,

59%

737 Contracts,

41%

1-3 year 10 year

32

The Platinum Fashion Mall As at 31 Mar 2019 (Only Unit and Area)

Rental Unit Occupied Area

Sq.m.

Avg.Rental

Q1/2019

Rental Space 1,464 17,438 3,557

GP Sharing 18 1,372 2,641

Storage 299 3,857 1,147

1+3 Yrs. 1,044 14,515 3,933

10 Yrs 737 8,151 1,599

Total 1,781 22,666 3,092

Occupancy 96.8%

Contract Expiration (No. of contracts)

Expired in

2019

Expired in

2020 Onward

1-3 Yrs 943 34

10 Yrs 737

Total 943 771

33

Business Type The first beachfront community mall in Samui Island with the vintage architecture in the combination of the western and eastern styles targeting to Thai and Foreign tourists.

The Wharf Samui

35

511

546

640 645 655 632 626

543

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Occupancy Rate

Rental Rate

The Wharf Samui


-102 Baht, -16% YoY

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

62% 57% 38% 39% 39% 36% 37% 28%

36

Business Type New shopping destination in the center of Bangkok gathered with various delicious food and more than 585 shops, 24 containers and 28 mini-shops in the comfortable atmosphere.

TOURIST , LOCAL RESIDENT & OFFICR WORKER

The Neon Night Bazaar

38

39

Neon Nigh Bazaar Traffic

No. of Buses visiting the Neon Night Bazaar Q1 2019 : 163 bus +58% YoY

No. of Vans visiting the Neon Night Bazaar Q1 2019 : 796 van +107% YoY

0

10

20

30

40

50

60

70

80

90

100


No. of Buses

2017 2018 2019

0

50

100

150

200

250

300

350

400


No. of Vans

2017 2018 2019

973

1,392

1,667 1,633 1,710

1,618 1,708 1,721

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

Occupancy Rate

Rental Rate

The Neon Night Bazaar Baht per sq.m. per month

Appendix

+88 Baht, +5% YoY

2016* 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18** Q1/19

65% 70% 87% 86% 84% 92% 88% 83%

Note : * Phase 1 -opened in Dec 2016 **Phase 2-opened 15 Dec 18 40

1 TENT STANDARD COMMERCIAL SHELTER SIZE : 2 x 2 M. = 557 UNITS

2 CONTAINER 1 STOREY & MEZZANINE SIZE : 8 x 7.5 M. = 32 UNITS

4 Take Away SIZE : 2 x 3 M. = 28 UNITS 3

SHOP FREE FROM STYER SIZE : 6 x 4 M. = 73 UNITS

41

Shop types

Business Type The new retail shopping mall situated in the heart of Bangkok, with convenient access to ChitLom and Siam BTS stations via the elevated R-Walk. The Market Bangkok fill up with new trend with the coolest shopping mall under the concept BANGKOK NEW DREAM

Leasehold land from Crown Property Bureau under 30 year contract

and first right for another 30 Years

TOURIST , LOCAL RESIDENT & OFFICR WORKER

The Market Bangkok (Retail Phase 1)

43

1,492

Q1/19

Occupancy Rate

Rental Rate

The Market Bangkok


Appendix

Q1/19

77%

44

12,995

14,263

14,855

12,308

11,557 11,879

12,504 13,059

14,258

13,394

11,382

10,693

10,834 11,714

13,111

20,171

17,388

18,128

17,581

19,782

20,997

21,055

20,677

18,831

18,960

17,806 17,222

19,749

22,907

20,050

21,494

17,605

16,597 16,748

18,155 19,032

19,251 19,048

0

5,000

10,000

15,000

20,000

0

200

400

600

800

1000

1200

1400

Visitors

Car Motorcycle Tour (Pax) Visitor

The Market Bangkok Traffic

45

EXPERIENCED LOCAL STREET FOOD &

TAKEAWAY

URBAN QUICK MEAL EATERY

LIFESTYLE CAFE

FASHION & ACCESSORIES

FASHION & ACCESSORIES

SPECIALTY STORE

RESTAURANT

M3 M2

RAJDHAMRI ROAD

BANGKOK SKYLINE

DECORATIVE ITEMS

COSMETIC & SKIN CARE BANK

4F

LOCAL WISDOM

SOUVENIR

RETAIL FLOOR CONCEPT M1

3F

2F

1F

GF

MF EXPERIENCED

THAI CONCEPT STORE & BEAUTY MEGA STORE

EXPERIENCED THAI CONCEPT STORE &

BEAUTY MEGA STORE

WELLNESS & VITALITY

46 46

TARGET VISITORS

OFFICE WORKERS

& STUDENTS

RESIDENTS LOCAL THAIS FOREIGN TOURISTS

A complete

EVERYDAY shopping & dinning venue in the heart of

Bangkok

A GATHERING

welcoming place for family & friends

An enjoyable place with various kinds of

food, activities and trendy merchandises

at AFFORDABLE price

A MUST VISIT destination whenever visiting Bangkok. This place will offer a

UNIQUE EXPERIENCE like no others

47

MERCHANDISING MIX BY CATEGORY

Local Wisdom Souvenir & Specialty,

14%

Fashion & Accessories,

30% Food &

Beverages, 34%

Talad Krungthep,

5%

Bank & Financial

Institution, 2%

Wellness & Vitality, 10%

Beauty Mega Store,

5%

48

Novotel Bangkok Platinum Pratunam

49

Objective To compliment the Platinum Fashion Mall business as it provides the hospitality services to those visiting The Platinum Fashion Mall

50


Occupancy Rate

Average Room Rate RevPar


87% 88% 91%

94%

88% 91% 91%

95%

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

51

-22 Baht, -1% YoY

- 50 Baht, -1% YoY

2,674 2,890

3,193 3,319 2,875

3,106 3,470

3,297

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

3,078 3,284

3,502 3,522 3,241 3,413

3,792 3,472

2016 2017 2018 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19

51

Distribution Channel Q1/2019

Guest Nationality Q1/2019

Appendix

Online Agent

Booking 45%

Accor website

14%

Contracted Agent 15%

Contraced Corporate

3%

Business Group

11%

Group Tour 4%

Others 8%

Singapore 26%

Malaysia 10%

Indonesia 11%

China 7% HongKong

4%

Philippines 5%

Thailand 3%

India 4%

kuwait 3%

USA 3%

Other 28%


52



Outlook


Q&A

Appendix

53

54

Industry BOT forecasts Thailand GDP growth at 3.8% in year 2019. Tourism industry continue to grow but

at the lower growth rate. International Tourism Arrival is expected to grow 7.3% YoY to 41.1 Million in 2019 with revenue

from the arrival of international tourists growth 9%to Baht 2.2 trillion. Chinese tourists is expected to rise during the second half of this year but still depends on the

Chinese economy, the Yuan currency and the highly competitive tourism sector in Japan, South Korea and Vietnam.

According to Electronic Transactions Development Agency (ETDA) , E-commerce market is

expected to increase to 10% of total retail sales within 5 years from 3% in year 2018.

Company The Company is striving to attract more traffic to new project “ The Market Bangkok”

Outlook

54

55

Revenue Portfolio

63% 20%

13% 4%

Rental&Service Hotel F&B Others

Year 2018 Revenue : 2,117 MB

Year 2022 Revenue : Approximately 5,000 MB

60%

39%

1%

Rental&Service Hotel F&B/Others



Outlook


Q&A

Appendix

56

More Plans are coming to attract traffic ….

57

https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwioic2yy4viAhULTY8KHRAUBYQQjRx6BAgBEAU&url=https://www.facebook.com/OgilvyBangkok/&psig=AOvVaw0_IzTQoKB8uTm4ygJK7Pu6&ust=1557393034675172



Outlook


Q&A

Appendix

58



Outlook


Q&A

Appendix

59

4,375 4,107

9,547 9,822 10,49111,339 11,707

2013 2014 2015 2016 2017 2018 31-Mar-19

Current Assets Total Liabilities Non Current Assets Equities

81%

51%

39%

64%

36%

30%

59%

86%

53%

83%

14%

86%

14%

41%47%

17%

49%15%

85%64%

36%

79%

21%

43%

57%41%

59%

58%

42%

78%

22%

Consolidated Financial Position

19%

60

Unit :MB

61

0.1575 Baht/Share

0.18 Baht/Share

0.2 Baht/Share

0.2 Baht/Share

441 MB

Dividend Payment

504 MB 560 MB

Dividend : PLAT’s payout policy at least 40% of net profit after tax and legal reserves of separate financial statement

70% 72% 72%

2015 2016 2017

% of Net profit

560 MB

72%

2018

Quarter 1/2019 Consolidated Income Statement UNIT : MB Q1/18 Common Size Q1/19 Common Size % Change

Revenue from rental and services 329 62% 407 67% +24%

Revenues from hotel operations 110 21% 111 19% +1%

Revenues from F&B 64 12% 62 10% -3%

Other income 28 5% 24 4% -14%

TOTAL REVENUES 531 100% 604 100% +14%

Cost of rental and services 82 15% 151 25% +84%

Cost of hotel operation 48 9% 52 9% +8%

Cost of F&B sales 50 9% 47 8% -6%

SG&A 93 17% 101 17% +9%

TOTAL EXPENSES 273 51% 351 58% +29%

OPERATIONAL PROFIT 258 49% 253 42% -2%

Income tax expenses 55 10% 52 9% -5%

NET PROFIT 203 38% 201 33% -1%

EPS (Baht/share) 0.07 0.07 62

Consolidated Financial Position UNIT : MB Year

2017 31 Dec 2018 31 Mar 2019

Cash & Cash equivalents &Current Investment 5,472 4,648 4,517

Trade and Other receivables 43 47 138

Other Current Assets 75 171 237

Total Current Assets 5,590 4,866 4,892

Investment Properties 3,418 4,957 5,294

Property, Plant and equipment 1,171 1,170 1,179

Intangible Assets 252 231 226

Other non-current Assets 60 114 115

Total Non-current Assets 4,901 6,472 6,814

TOTAL ASSETS 10,491 11,339 11,707

63

Consolidated Financial Position UNIT : MB Year 2017 31 Dec

2018 31 Mar 2019

Trade and other payables 431 732 808

Current portion of unearned rental income 165 168 167

Short-term deposits of rental income 204 224 235

Other current liabilities 129 185 247

Total current liabilities 929 1,309 1,457

Unearned rental income, net of current portion 395 234 195

Other non-current liabilities 432 834 892

Total non-current liabilities 827 1,068 1,087

TOTAL LIABILITIES 1,756 2,377 2,544

TOTAL SHAREHOLDERS’EQUITY 8,735 8,961 9,162

TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY

10,491 11,339 11,707

64

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quarter 1 / 2019 - set.or.th · thailand’s consumer confidence index (cci) slightly up to 80.7 in...

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