+ All Categories
Home > Documents > Analyst Meeting - listed...

Analyst Meeting - listed...

Date post: 09-Aug-2018
Category:
Upload: doandang
View: 213 times
Download: 0 times
Share this document with a friend
70
Origin Property Public Company Limited July 31 th 2017 Analyst Meeting
Transcript

Origin Property Public Company Limited

July 31th 2017

Analyst Meeting

Company Overview

Company Name

Head Office

Established

Capital

Employees

Business

Origin Property Public Company Limited

496 Moo.9 Sukhumvit 107 Bearing 16 Samrong Nuea MueangSamutprakan Thailand

Year 2009 ( IPO 2015 )

1,542,740,814 Shares

I. Residential real estate developments – Condominiums and housingsII. Commercial recurring developments – Hotels, Servicing apartments,

and Community Malls III. Services – Property management

Aims to become a development company that covers the entire real estate industry We think more, to offer more so that our customers benefit more Affordable Premium Products – Affordable Premium Mass Deliver a better product and services to achieve customer satisfaction Quality products and Quality selection

496 persons (consolidated basis/full-time employees / as of June 30, 2017)

Origin Grand

Origin House

Origin Prime

Origin Prime 2

Origin Sathorn

Origin One Thonglor

Primo Management

Digital Butler

Primo Retail

Condominium

Housing

Services Business

Primo Realtor

Uno Service

Property development

for sale

Recurring Income

Business

Origin Vertical 2

Origin Sphere

Origin Vertical

Origin Condominium

Origin Ramkhamhaeng

JV Company

Blue Ocean StrategyAvoid intense competitiveness

Mass Transit Extension AreaSeek new potential area to expand

Industrial AreaCreate supply for demands

Leading Mover

Focus on Real Demand

First JobberFirst Home buyer

Young entrepreneurIndustrial Worker

Expat & Retirement Market

Boutique condominiumUnique plan innovationSomething more for economicalUnique concepts to capture all customersPremium facility and after sale services

Living More, Think More,Offer More, Benefit More

Origin Property Public Company Limited

Hotel Service Apartment Retail

Condominium & Housing

II. Recurring Income Business

I. Residential for Sale Business

III. Service Business

Property ManagementProperty AgentProperty Consultant Service & CareService Application

ORIGIN Business

2010 – as of Potential Projects 2017

Highest amount of project launches each year since 2012

Total

Summary of our projects

43 17,487 44,208 MB

No. Detail Project Units Value

1. Completed Projects 21 5,189 11,253 MB.

2. Project Under Construction 9 4,286 9,315 MB.

3. On Pre-sale Projects 4 1,648 6,090 MB.

Total 34 11,123 26,658 MB.

4. Project Launch Q1-Q2/2017 4 4,254 9,450 MB.

5. Potential Projects Q3/2017 4 1,960 7,400 MB.

6. Potential Projects Q4/2017 4 352 1,200 MB.

Total 46 17,689 44,708 MB.

A

Bang Yai - Bang SueProject Value = THB 4,040 mm

1. Notting Hill Tiwanon2. KnightBridge Duplex Tiwanon3. Notting Hill Skyscaper

CD

Laemchabang – SrirachaProject Value = THB 4,830 mm

1. Knightsbridge The Ocean 2. Kensington Laemchabang – Sriracha 13. Kensington Laemchabang – Sriracha 24. Notting Hill Laemchabang – Sriracha

E

B

On Nut – Bearing Project Value = THB 9,918 mm

1. Sense of London 2. Kensington Sukhumvit 1073. Notting Hill Sukhumvit 1074-5. The Knight I & II6. Knightsbridge Sukhumvit 107 7. B-Loft Sukhumvit 1098. Villa Lasalle9. B -Republic Sukhumvit 101/1 10. Pause Sukhumvit 107 A11. Pause Sukhumvit 107 B12. Pause Sukhumvit 10313. Pause ID Sukhumvit 10714. Notting Hill Sukhumvit 10515. Knightsbridge Prime On-Nut

A

Bearing - SamutprakarnProject Value = THB 8,880 mm

1. B-Loft Sukhumvit 1152. Knightsbridge Sky River Ocean 3. Tropicana4. The Cabana5. Pause Sukhumvit 115

B

Mhor Chit - SaphanmaiProject Value = THB 10,790 MB

1. Notting Hill Paholyothin-Kaset2. Knightsbridge Sky City Saphanmai3. Kensington Paholyothin-Kaset4. Notting Hill Saphanmai5. Kensington Kaset Campus6. Kensington Pahol 63 7. Notting Hill Jatujak8. Knightsbridge Paholyothin – Interchange9. Knightsbridge Prime Ratchayothin10. Knightsbridge Kaset Society

CD

E Sathorn – CharoenkrungProject Value = THB 4,250 mm

1. Notting Hill Charoenkrung2. KnightsBridge Prime Sathorn

F

Ramkhamhaeng– MinburiProject Value = THB 2,000 mm

1. Knightsbridge Collage - Ramkhamhaeng

G G

1. B-Loft Sukhumvit 1152. Knightsbridge Sky River Ocean 3. Tropicana4. The Cabana5. Pause Sukhumvit 1156. Notting Hill Praksa

7. Kensington Theparak8. Britania Srinakarin9. Bloft I

16. Bloft II17. Bloft III

5 Railways

8 Condominium Projects

3 Interchanges

1 Housing Project

15,000 MB(New launch growth 32%)

2,500 MB

Origin Project Launches 2017

5 Railways

3 Interchanges

1 Housing Project

18,050 MB(New launch growth 59%)

11 Condominium Projects

Kensington60 – 80 KB / Sq.m

Knightsbridge120 – 200 KB / Sq.m

Britania Housing

Notting Hill 80 – 120 KB / Sq.m

9,500 MB.

4,850 MB.

2,500 MB.

Kensington60 – 80 KB / Sq.m

Knightsbridge120 – 200 KB / Sq.m

Notting Hill 80 – 120 KB / Sq.m

Housing

6,400 MB.5,400 MB.

2,500 MB.

B-loft

New Target

Previous Target

A

CD

E

1

7

3

2

5

9

= CBD= Mid - Town

= Fringe Area

4

6 G

KNIGHTSBRIDGE Phaholyothin Interchange

KNIGHTSBRIDGE Prime Onnut

KNIGHTSBRIDGE Ramkhamhaeng

KNIGHTSBRIDGE Prime Ratchayothin

NOTTING HILL Skyscraper Central Rattanathibet

NOTTING HILL Sukhumvit 105

BRITANIA Srinakarin

KENSINGTON Sukhumvit-Teparak

8KNIGHTSBRIDGE

Kaset Society

Projects Launch 2017

10-11BLoft

12BLoft

Origin Business Plan Summary

• Project Launch 15,000 MB 18,050 MB• Presale Target 13,000 MB 14,000 MB• Revenue Target 6,000 MB 9,000 MB• Origin’s Project Complete 6,870 MB 12,770 MB• Total Backlog 14,385 MB 25,285 MB

(as of Q1/16) (End of 1H/2017)

Business Plan 2017

New Target (Included )

15,000 13,000

6,000 6,870

14,385

18,050

14,000

9,000

12,770

25,285

-

5,000

10,000

15,000

20,000

25,000

30,000

Project Launch Presale Target Revenue Target Origin's ProjectComplete

Total Backlog

Previous Target New Target

20%8%

50%

86%

76%

Previous Target

Update Performance Highlight

% GP 46.7% , % NP 19.6% are higher than Q1 2016

YoY : Presale Q1 2017 increase 16%, Transfer Q1 2017 increase 65%QoQ : Presale Q1 2017 decrease 59%, Transfer Q1 2017 decrease 32%

Performance Q1 2017

773

1,6121,366

1,605

5,356

1,2351,735

4,387

3,487

10,844

1,435

489 591270

705

2,055

532 489885

1,294

3,199

878

105 125 32 125386 88 73 158 318

632172

42.8% 40.7%43.5% 44.4% 42.9%

45.3% 43.9% 42.9%47.5%

45.3%46.7%

21.5% 21.1%

11.7%

17.7% 18.8% 16.6% 15.0%17.9%

24.6%

19.9%19.6%

-55.0%

-35.0%

-15.0%

5.0%

25.0%

45.0%

65.0%

0

2000

4000

6000

8000

10000

12000

Q1 Q2 Q3 Q4 Total2015

Q1 Q2 Q3 Q4 Total2016

Q1

Pre-Sale Transfer Total Revenue NP %GP %NP

Growth 15%

Growth 65%

# 1

# 3

Project Launch vs Pre-Sale 2010-2016, 2017F

Origin Group’s real estate development has been consistently growing in sales since 2010 – 2016 Q1 2017 : Launches a new project of 1,050 MB, Pre-sale 1,435 MB 2017F : Plans to launch total new projects of 18,050 MB (+59%), Target Pre-Sale of 14,000 MB (+23%)

Y2010 Y2011 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017F

Launch 199 300 1,150 2,899 3,850 6,955 11,340 18,050

Pre-Sale 73 405 782 1,474 2,439 5,356 10,844 14,000

199 300

1,150

2,8993,850

6,955

11,340

18,050

73405 782

1,474

2,439

5,356

10,844

14,000

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

20000

MB

63%

59%

23%

102%

Actual1H 2017

4,219 MB

Origin Revenue Target 2017

2017 F : Target Revenues 9,000 MB increase 181%

192.4 418.9 559.4

2,055.1

3,199.0

9,000.0

27.6 64.1 70.3 386.3

637.6

42.9%45.7%

41.8% 42.9%45.3%

14.4% 15.3%12.6%

18.8% 19.9%

-55.0%

-35.0%

-15.0%

5.0%

25.0%

45.0%

65.0%

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

8,000.0

9,000.0

10,000.0

Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 F

Total Rev NP (Equity Holder) % GP % NP (Equity Holder)

+ 65%

+ 56%

+ 450%

+ 267%

+ 181%

(Included )

Forecast

Backlog

25,285 MB End of 1H/2017

(Included )

6,825 MB.27.0%

3,540 MB.14.0%

3,285 MB.13.0%

OTHER760 MB.

3.0%

PH14,550 MB.

18.0%

PH26,325 MB.

25.0%

Estimated Finished Project Vs Target Revenues & Backlog (End of 1H/2017)

(Included )

Estimate finish project, 6,870

Estimate finish project, 9,870

Estimate finish project, 14,055

Park24, 5,900

Park24, 5,500

Park24, 5,600

-

-

-

- -

Actual+Forecast, 2,000

Backlog, 4,000

Backlog, 4,757

Backlog, 5,531

Backlog_Park24, 3,000

Backlog_Park24, 4,600

Backlog_Park24, 3,300

Target, 4,643

Target, 8,669

12,770

9,000

15,370

14,000

19,655

17,500

-

5,000

10,000

15,000

20,000

25,000

Finish Proj. Backlog Finish Proj. Backlog Finish Proj. Backlog

2017 2018 2019

Estimated Completed Project vs Target Revenues

Estimate finish project Park24 Tentative project Actual+Forecast Backlog Target

Actual + Backlog

100%

Backlog67%

Backlog50%

Moving Forward toEastern Economic Corridor (EEC)

1,200 MB.

1,200 MB.

200 MB.1,130 MB.

2,500 MB.

Hampton Sriracha

Hampton Sriracha1,600 MB.

Origin, One of the best benefit gain from EEC.

Eastern Economic Corridor : EEC

Potential

Industrial Zone – 70% of all export amount in Thailand is from Eastern Seaboard Industrial Area.

Ref: http://

Sriracha City

Bang Phra City

Bang Lamung

Khao Khiao

Sichang Island

AMATACITY

Pinthong1

Pinthong2

Pinthong3

Siam Eastern Industrial Park Hemraj Eastern

Seabord(Rayong)

Hemraj Eastern Seabord

(ESIE)Hemraj Chonburi (CIE)

Holiday inn

Laem Chabang

Potential

Opportunities : Ferry service Pattaya-Huahin-Bangpoo

Ref: http://www.realist.co.th/blog, http://thaipublica.org

The ferry service is the first phase of the government’s new

East-West Ferry Project to connect Pattaya in Chonburi

province and Hua Hin in Prachuap Khiri Khan.

To drive between the towns currently takes 5-7 hours, but

the ferry will shorten travel time by about 1.4 hours.

Huahin

Bangpoo

Pattaya

Potential

Potential

Digital Park Thailand – Thailand Silicon Valley

2.6 km. from Origin

District to Digital

Park Thailand

The area is a prime place where digital products and services are researched developed and tested before their actual market launches

The special economic area to support Thailand’s digital innovation initiative.

Potential

Digital Park Thailand – Thailand Silicon ValleyThe special economic area to support Thailand’s digital innovation initiative.

Asia Industrial Park

3,220 Rai

Hemaraj Eastern Industrial Estate - Map Ta Phut

3,546 Rai

Pa DaengIndustrial Park

540 Rai

Rayong

Industrial Park1,692 Rai

Hemraj

CP

3,068 Rai

Eastern Seabord

11,062 Rai

U-Tapao Airport

Hemraj Eastern

Seabord2,595 Rai

Total area is 3,068 Rai for THB 7.5 billions

expected to operate in the

end of 2016. Currently, the

main investors are Chinese,

Japanese, and Korean.

New Rayong City (Total area 356,75 Rai)

is located on a prime plot adjacent to Rayong city and

amphoe baan kai

Map Ta PhutIndustrial Park

6,949 Rai

IRPC

Industrial Park

New Industrial Park

New Town

Industrial Area

Airport

Industrial Area

Rayong Industrial Park

Amata City 8,634 Rai

Rayong provice has approximately 2,067 factory from all industrial parks. The total investment capital is about THB 1.3 billions. Total

labor force is 161,217 employees approximately 10% is management level or 16,122 employees (Referred to ministry of industry, 2016)

New TownMap Ta Phut

Away from U-TapaoAirport about 5

kilometers.

Aerospace

Industrial Park

(U-Tapao) 150 Rai

Opportunities : Rayong

SRIRACHA, CHONBURI 14 RAIProject Value ~ 4 Billion Baht

Holiday Inn & Suites

• The first Business Hotel of our group is developed to support the demands of the biggest industrial estate in Thailand

• Situated in Laemchabang – Borwin

• The 28 storey high building

• Total of 347 units (anticipated completion at 2019)

• We expect to have a based rentals of 38,000 baht –72,000 baht per month

(The development is still under development and is subject to change)

Hampton Sriracha

• This exceptional land plot, has the potential to develop a Top grade Hotel and Serviced Apartment over 42 storey high, 428 units that could support current and future executive Japanese expats residing in the so-called “Japanese Town” at the heart of Sriracha

• However the development is still under development and is subject to change

• We expect to have a based rentals of 38,000 baht – 70,000 baht per month

Knightsbridge The Ocean Sriracha - 36 Storeys / 722 Units- Project Value of 2,500 MB.- Launched Q4/2015- Complete Q4/2017

Construction Progress Update 13/7/60

Knightsbridge The Ocean Sriracha

ORIGIN Projects in Sriracha which benefited from EEC, value of 12,130 MB.

Unit Million Baht

KnightsBridge the Ocean 722 2,500

Kensington Laemchabang1 399 530

Kensington Laemchabang2 399 600

Notting Hill Laemchabang 534 1,200

Total 2,054 4,830

Holiday Inn & Suite 347 2,500

Hampton Siracha 428 2,800

Mix Used project in Rayong ~ 2,000

Total 2,829 12,130

Business Plan H2/2017

Q3 Project Project Value (MB.)

KnightsBridge Prime Onnut

7,400

KnightsBridge Prime Ratchayothin

KnightsBridge Collage - Ramkhamhaeng

KnightsBridge Kaset Society

Q4 Project Project Value (MB.)

Britania Srinakarin

1,200B-loft Condo 3 Projects

Total 8,600 MB.

Project to be launched in 2H/2017

Bangkok Metropolitan

Region

NEW

NEW

NEW

NEW

Location

4 KnightsBridge launch in Q3 / 2017

4 KnightsBridge launch in Q3 / 2017

‘NEW HIGH – 3m CEILING HEIGHT’สัมผัสความโปร่ง โล่ง สบาย กับเพดานสูง 3 เมตรทุกห้อง

‘Another Home’คอนเซ็ปต์ใหม่ของการอยู่อาศัย ที่ยกระดับคุณภาพชีวิตในคอนโดมิเนียมเพิ่มพื้นท่ีพิเศษให้คุณใช้ชีวิตอย่างสะดวกสบาย เสมือนบ้านอีกหลังหนึ่ง

30 m. from Station 600 m. from Station 100 m. from Station 40 m. from Station

• Ready-to-move in Project Inclusive of SDH, DH which will be launched & transfer on Q4/17

(The development is still under development and is subject to change)

Housing Project

Diversification to New Business

3 Projects launch in Q4 / 2017

Finished Projects 2017

Project Completion in the Pipeline 2017

Y2017 Finish Project 12,770 million baht (9 projects)

Completes in Q3-Q4

Completes in Q4

Completes in Q1-Q2

KnightsBridge The Ocean

Kensington Phahol-Kaset

Kensington Laemchabang-Sriracha2

Kensington Laemchabang-Sriracha1

NottingHill CharoenkrungKnightsBridge Sky City Saphanmai

Pause 103

Project Completion in the Pipeline 2017

Y2017 Finish Project 12,770 million baht (9 projects)

(Phase 1)

Corporate Name Nomura Real Estate Holdings, Inc.

Date of Establishment June 1, 2004

Capital ¥ 116,779,573,800 (as of March 31, 2017)

Representative President and Representative Director, Group CEO Eiji Kutsukake

Head OfficeShinjuku Nomura Building, 1-26-2 Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-0566, Japan

Number of Employees 6,457 (as of March 31, 2017 on a consolidated basis)

Company Overview

History

Spun off from Nomura Securities Co., Ltd. And launches real estate business focused on leasing and Management of office buildings.

Lunches condominium development business with the construction of Co-op Takenomaru in Yokohama.

1957 1961 1963

Starts construction of Yokohama Business Park (YBP), the largest business development conducted solely by the private sector.

Unified brand name “PROUD” for residential products and service established.

Completes construction of the Shinjuku Nomura Building and moves the headquarters from Nihonbashi.

1979 1988 2002

Lunches residential land development business with Development of Kajiwarayama residential area in Kamakura, Kanagawa.

History

Nomura Real Estate Holdings, Inc. listed of the firstSection of the Tokyo Stock Exchange.

Completes construction of PMO NihonbashiHoncho, the first development in the PMO series.

NREG Toshiba Building Co., Ltd. Joins the Nomura Real Estate Group.

2006 2008 2008

Bono SAGAMIONO opened. Nomura Real Estate Master Fund. Inc. established.

Completes construction of the NihonbashiMuromachiNomura Building.

2010 2013 2015

Market Trend & Our Share

2010 2011 2012 2013 2014 2015 2016Our Supply 5,036 5,034 6,181 6,517 4,818 4,556 3,253Total 85,356 86,793 93,652 105,113 83,069 78,552 77,085Our Market Share 5.90% 5.80% 6.60% 6.20% 5.80% 5.80% 4.22%

85,356 86,793 93,652

105,113

83,069 78,552 77,085

6.60%5.80% 5.80%

-

20,000

40,000

60,000

80,000

100,000

120,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Our Supply Total Our Market Share

5.80 %6.20%

5.90%No.3 No.2

No.1 No.3

Top 3 in Japanese residential market share

Source : Real Estate Economic Institute Co., Ltd.

No.3 No.2No.34.22%

Operating Revenue & Profit

Operating RevenueFor the fiscal year ended March 2017

¥569.6 billionOperating Profit

For the fiscal year ended March 2017

¥77.2 billion

Company Structure Nomura Real Estate Development Co., Ltd.

Nomura Real Estate Asset Management Co., Ltd.

Nomura Real Estate Urban Net Co., Ltd.

Nomura Real Estate Partners Co., Ltd.

NREG TOSHIBA BUILDING Co., Ltd.

Nomura Real Estate Life & Sports Co., Ltd.

Nomura Real Estate Heating and Cooling Supply Co., Ltd.

Geo Akamatsu Co., Ltd.

Nomura Real Estate Reform Co., Ltd.

Nomura Real Estate Amenity Service Co., Ltd.

NREG TOSHIBA BUILDING FACILITIES Co., Ltd.

PRIME X Co., Ltd.

NF Power Service Co., Ltd.

First Living Assistance Co., Ltd.

NOMURA REAL ESTATE ASIA PTE.LTD.

NOMURA REAL ESTATE HONG KONG LIMITED

Nomura Real Estate Consulting (Beijing) Co., Ltd.

Corporate Name Nomura Real Estate Development Co., Ltd.

Date of Establishment April 15, 1957

Paid-in Capital ¥2 billion (as of April 1, 2017)

Revenue from Operation ¥401 billion(for the fiscal year ended March 31, 2017)

Number of Employees 1,899 (as of April 1, 2017)

Business Operations Residential development, corporate real estate brokerage, commercial property development, building leasing, architectural design

Company Overview

Business of Nomura Real Estate Development

The Five Business of Nomura Real Estate Development

Nomura Real Estate Development expands the possibilities of the real estate business with five business fields: Residential Development

Business, Building Business, Retail Facility Business, Logistics Facility Business, and Corporate Real Estate (CRE) Business.

Office Retail Logistics Corporate Real Estate

Residential

Nomura’s Tower CondominiumTrack records are

Nomura has enough experience and know-how about tower condominium since 1992

80 PROJECT

28,692 UNITS

PROUD Tower Musashi-KosugiPROUD Tower Futako-Tamagawa

Residential Development Business

Residential Development Business

Core BrandDetached

Housing Brand Suburban-Type Brand

(Launched in Dec. 2002) (Launched in Oct. 2003) (Launched in Aug. 2011)

“Relaxed Time for Family” OHANA means “family or family ties” in Hawaiian. Cherishing such feeling of family members, we create the place where we can realize comfortable life.

“The Best Living Space to Spend Time”PROUD signifies that these are residences of which the Occupants, the people who created them and the local community can all be proud.

OHANA Tamagawajosui GardeniaPROUD SEASON Higashi-Funabashi Garden AvenuePROUD Komaba

Residential Development Business

No. 1 No. 2 No. 3

Safety PROUD

BrilliaLuxury PROUD

ParkHOMES

The Parkhouse

Top class PROUD ParkHOMES

Friendliness LIONS MANSION

Reliability PROUD ParkHOMESThe Parkhouse

Sophistication PROUD The Parkhouse

Sense PROUD The Parkhouse

Uniqueness PROUD The Parkhouse

Technology PROUD The Parkhouse

Tradition LIONS MANSION PROUD

Source : 2016 Condominium Brand Survey was compiled based on 1,514 responses selected from the 1,657 responses received online following an ad placed in the morning edition of the May 23, 2016 Nikkei Newspaper calling for participants in the 2016 Condominium Brand Survey.

The Parkhouse

LIONS MANSIONThe Parkhouse

The Parkhouse

Brillia

Brillia

Brillia

The Parkhouse

Aspired-living The Parkhouse Brillia

PROUD is overall No.1 brand image in recognition of safety, security, and quality.

Note : The Parkhouse = Mitsubishi Est a , ParkHOMES = Mitsui Fudos an , LIONS MANSION = Daikyo Group , Brillia = Tokyo Tatemono

Origin Property51 %

Nomura Real EstateDevelopment

49 %

Joint Venture Company

Total Joint Venture Project Value8,600 MB.

Total amount investment plan value2,156 MB.

Origin Prime 2 Co., Ltd.Total Investment Plan Value 589.00 MB.

Origin Ramkhamhaeng Co., Ltd.Total Investment Plan Value 476.00 MB.

Origin Vertical Co., Ltd.Total Investment Plan Value 632.00 MB.

Origin Sphere Co., Ltd.Total Investment Plan Value 459.00 MB.

ELCID on resolution of BOD Meeting

Reference is made to the fact that Origin Property Public Company Limited (the “Company”) convened Board of Directors Meeting No. 8/2017 on 29 July 2017. The Board of Directors Meeting has considered and approved as follows

• The Board of Directors resolved to approve the Company to dispose of its ordinary shares of Origin Prime 2 Co., Ltd. (“Origin Prime 2”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares). Subject to Origin Prime 2 increase of its registered capital to 589,700,000 Baht, the Company will dispose an amount of 28,895,300 shares (par value of 10 Baht per share), which is equivalent to 49.00 percent of the total number of common shares of Origin Prime 2 or equivalent to registered capital of 288,953,000 Baht, to NRED. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of Baht 400,540,000 (the “Selling Price”).

• The Board of Directors resolved to approve the Company to dispose of it ordinary shares of Origin Ramkhamhaeng Co., Ltd. (“Origin Ramkhamhaeng”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares), Subject to Origin Ramkhamhaeng increase of its registered capital to 476,530,000 Baht, the Company will dispose an amount of 23,349,970 shares (par value of 10 Baht per share) which is equivalent to 49.00 percent of the total number of common shares of Origin Ramkhamhaeng or is equivalent to its registered capital of 233,499,700 Baht, to NRED. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of THB 311,390,000 (the “Selling Price”).

ELCID on resolution of BOD Meeting (Cont.)

• The Board of Directors resolved to approve the Company to dispose of its ordinary shares of Origin Sphere Co., Ltd. (“Origin Sphere”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares) in an amount of 49,000 shares (par value of 10 Baht per share) to Nomura Real Estate Development Co., Ltd. (“NRED”). The total amount of shares to be disposed to NRED is in an amount equivalent to 49 percent of the total number of common shares of Origin Sphere or is equivalent its registered capital of 490,000 Baht. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of THB 32,810,000 (the “Selling Price”).

• The Board of Directors resolved to approve the Company to dispose of its ordinary shares of Origin Vertical Co., Ltd. (“Origin Vertical”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares) in an amount of 49,000 shares (par value of 10 Baht per share) to NRED. The total amount of shares to be disposed to NRED is in an amount equivalent to 49 percent of the total number of common shares of Origin Vertical or equivalent to its registered capital of 490,000 Baht. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of THB 44,220,000 (the “Selling Price”).

The total transaction value, combining with all Transaction is equivalent to 22.13 percent. The transaction value is higher than 15 percent but lower than 50 percent, resulting in the Company being obliged to prepare a report, disclose the information memorandum on the entering into of the transaction with the Stock Exchange, and deliver the notice of the entering into of the transaction to the shareholders within the period of 21 days from the date on which the transaction is disclosed to the Stock Exchange.

• This is another crucial step of “ORIGIN” in moving forward to become the leader in real estate development business.

• Increasing competitive efficiency in expanding project development to maximize market-share and opportunity of joint-investment of residential condominium projects in future.

• Opportunity to invest in other business developments such as: office building management, hotels and wide range of real asset services

• Knowledge inter-exchanging, in order to represent the leader of total solutions in real estate business like “NRED”

- Heading to be the number 1 brand of residential condominium like “PROUD” from “NRED” in Japan.

- Other business growth such as office building management (office space, hotels, apartments, retail space, warehousing and logistics)

• Cooperation in research and development for technology and innovation in terms of business management, product development, design and construction in various types of real estate projects.

• Cooperation in sale and marketing with Japanese customers

Expect Benefits from Future development with Nomura

Location Overview

Bangkok Metropolitan

Region

NEW

NEW

NEW

Ratchadaphisek Rd.

Mo Chit

Phaholyothin 24

SenaNikhom

Kasetsart University

Chatuchak Park

Bang Sue

Bang Son

Chatuchak

Wat Samian Nari

Chatuchak

Ladprao

Phaholyothin

Bang Sue

KamphaengPhet

Ratchadaphisek

Phawana

Kasetsart University 50 m. to BTS Phaholyothin 24 Station300 m. to Major Ratchayothin

to SCB Park900 m. to Central Plaza Ladprao1.3 km. to Mayo Hospital2 km. to Kasetsart University

3 km. to Chatuchak Market

Ha Yaek Latprao

Ratchayothin

JJ Market

Bang Sue Complex &New Bang

Sue Grand Station

Mega Complex by BTS Group Holding & GLAND

Mayo Hospital

SiteSCB Park

School/University Office Building Hotel Entertainment/ShoppingSite Mixed-UseHospital

Tesco LotusCentral Ladprao

CentaraGrand

Howang School

Union Mall

Elephant Tower

Saint John

VibhavadiHospital

Rajabhat ChadrakasemUniversity

Export Training DepartmentDepartment of International Trade

Civil CourtMunicipal Court

Big C

Tunnel Over Pass Bridge

Location

Location

Sukhumvit77 Rd. (Onnut)

RAMA 4 Rd.

Bang Chak

Onnut

Phra-Khanong

Ekamai

30 m. to Big C Extra On Nut

600 m. to BTS On Nut700 m. to Tesco Lotus On Nut

1.2 km. to Wells Int’l School1.5 km. to Chaloengrat Expressway2.1 km. to Gateway Ekamai

Summer Hill

SiteBig C

Gateway Ekamai

Major Cineplex Ekamai

W District

Wells School

Tesco Lotus

Bangkok Prep School

Habito Mall

Century Movie Plaza & Hotel

Bangkok University

SukhumvitHospital

Kluaynamthai Hospital

The Phyll

School/University Office Building Hotel Entertainment/ShoppingSite Mixed-UseHospital Other

People Park mall

Lum Salee

Sri Kreetha

Pattanaka

บางกะปิ

Ladprao 101

Sri Burapa

Klong Ban Ma

HuamakRachamungkala

Ramkhamhaeng

SITE

Ramkhamhaeng

HuaMak

Lum Salee

ABAC

Ramkhamhaeng 12

Huamak Rd.

100 m. to MRT Hua Mak

370 m. Ramkhamhaeng Hospital500 m. to The Mall Bangkapi540 m. to Makro600 m. to MRT Lumsalee (Yellow)

1 km. to Tesco Lotus Bangkapi2.2 km. to RamkhamhaengUniversity2.8 km. ABAC University

Express way to Rama 9/ to the city

Location

Thank You

Origin Property Public Company Limited 496 Moo.9 Soi Bearing 16, Sukumvit 107 Road, Samrong Nuae District, Muaeng Samutprakarn. 10270 Opening Hours Monday - Friday : from 9:00 - 21:00

TEL. 020-300-000 FAX. 02-398-9994 E-MAIL. [email protected]


Recommended