35
FPT Corporate Day Financial results presentation for FY2018/2019 12-month period ended 30 September 2019 3 December 2019
FPT Corporate Day
Financial results presentation for FY2018/2019
12-month period ended 30 September 2019
3 December 2019
Statements in this presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause theactual results, performance or achievements of Frasers Property (Thailand) Public Company Limited (“FPT”) and its subsidiaries orindustry results, to be materially different from any future results, or FPT performance or achievements expressed or implied by suchforward-looking statements and financial information. Such forward-looking statements and financial information are based on numerousassumptions regarding the present and future business strategies and the environment in which the FPT and its subsidiaries will operatein the future. Because these statements and financial information reflect FPT’s current views concerning future events, these statementsand financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially fromthese forward-looking statements and financial information as a result of these risks, uncertainties and assumptions and you arecautioned not to place undue reliance on these statements and financial information.
FPT expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement orfinancial information contained in this presentation to reflect any change in FPT’s expectations with regard thereto or any change inevents, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable lawsand regulations and/or the rules of the Stock Exchange of Thailand, the Securities and Exchange Commission and/or any other regulatoryor supervisory body or agency.
This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies,where appropriate, as well as market research, publicly available information and industry publications. Industry publications, surveys andforecasts generally state that the information they contain has been obtained from sources believed to be reliable, but there can be noassurance as to the accuracy or completeness of such included information. FPT has not independently verified any of the data from thirdparty sources or ascertained the underlying economic assumptions relied upon therein.
The information contained in this document is strictly confidential and is made available to the recipient on the condition that it will be heldin complete confidence. Any reproduction or distribution of this document in whole or in part, or the disclosure of any of its Presentations,without prior expressed or written consent of the Company is prohibited. The information contained in this document has been compiledfrom sources believed to be reliable. The accuracy and completeness of such information, however, is not guaranteed nor warranted.Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult yourindependent advisors.
2
Important Notice & Disclaimer
2Frasers Property Thailand – Corporate Day FY2018/2019
Agenda
• Corporate highlights
• Portfolio operating metrics
• Financial performance
• Looking forward
• Special program :
- Showcasing FPT innovation lab by Khun Supparat Singhara Na Ayutthaya,
Chief Digital officer of Frasers Property Thailand
- SYM Show Suite (10th Floor)
- SYM Co-op site visit (2nd Floor)
Frasers Property Thailand – Corporate Day FY2018/2019 3
Corporate highlights
Logistics Park Bangna, ChachoengsaoLogistics Park Bangna, Chachoengsao
Karawang Banjarmasin
Makassar
6
Factory
Transitioning to “Integrated Real Estate Platform”
Warehouse
Residential
Commercial
Hospitality
Data center
Co-working
space
RESIDENTIAL PROPERTYTop 5 developer in Thailand
53 active projects
THB 31 bn presale value
COMMERCIAL PROPERTYLeading developer in Thailand
241,000 sq.m. NLA
5 offices buildings
1,614 keys of hotels
THB 49.8 bn worth of REIT portfolio value*
as of 30 September 2019
*Note : Combination of total assets of FTREIT and GVREIT
1st hyperscale Data center in BKK
60,000 sq.m. of GFA under development
~17,000 sq.m. Thailand’s largest Co-working space
Frasers Property Thailand – Corporate Day FY2018/2019
INDUSTRIAL PROPERTY
#1 provider in Thailand
2.7 mn sq.m. AUM
82% occ rate AUM
135k sq.m. pre-committed BTS
OTHER INVESTMENTS
LumphunKhon Kaen
Bangkok & Greater Bangkok
and EEC
Rayong
Chonburi
Chachoengsao
Phachinburi
Ayutthaya
Pathumthani
Bangkok
Chiang rai
Nontaburi
Samut-
PrakanSamut-
Sakhon
Chiang mai
36%
36%
11%
4%
13%
Industrial Residential Commercial Others Investment in Asso&JV Long term loans
29%
28%12%
8%
23%
16%
72%
7%
5%
Industrial Residential Commercial Other income
92,390
+ 12% YOY
Industrial Property Business
Commercial Property Business3
Residential Property Business
1,1101,491 1,526
9M 2017 FY 2018 FY 2019
2.3%
1,532 1,863
3,508
FY 2017 9M2018 FY 2019
88.3%
10.4%
43%
47% 5%5%
5,270
+ 20 % YOY
21,545
+ 16% YOY
Revenue Composition EBIT Composition
Total Assets Composition Total Liabilities Composition
64,519
+ 56% YOY
A Leap in Scale and Competitiveness with Diversified Portfolio
Revenue structure 1/2
(THB mn) (THB mn)
Frasers Property Thailand – Corporate Day FY2018/2019 7
8,069
14,053 15,515
9M 2017 FY 2018 FY 2019
1 Total revenue excl. other business and other income
2 Other business incl. management fee and golf course revenue and other income incl. investment income, gain from sales investment in subsidiary, one-off reversals and other income
3 Commercial property business revenue reflects revenue related to/from FYI center, Goldenland building, the Ascott sathorn, Mariott Mayfair and Modena by Frasers
FY2019 Year in ReviewOur new Built-to-Suit Design Capability
Frasers Property Thailand – Corporate Day FY2018/2019 8
RoofSolar panel /
Sky light
AmbientFloor Load 3.5T/m2
Clear Height 12m
ASRSFloor Load 10T/m2
Clear Height 33.7m
Cold RoomFloor Load 3.5T/m2
Clear Height 12m
Temperature-25°C / -18°C / 4°C
25C Ambient
Automation/Robotic
Employee centered workplace
LandAcquisition
Master planning
DesignProject
Management
ConstructionAsset
ManagementLease
ManagementProperty
Management
In-house Expertise to deliver bespoke solutions to our customers
Specialised building for Omnichannel Specialised building for F&B Cold Storage
Frasers Property Thailand – Corporate Day FY2018/2019
9
FY2019 Year in ReviewKey Business Achievements
✓ Leveraging on GOLD’s
capability in commercial
and residential business
✓ Transfer asset to FTREIT was valued at
THB 2,662 mn
✓ Transfer asset to 3rd parties was valued at
THB 948 mn
✓ Successfully raised THB 3,269 million via
PP, to solve free float issue to 17.75%
✓ The Country Award Winner 2019
Best Developers Thailand of
Industrial/Warehouse Sector
✓ FIABRCI-Thai PRIX
D’EXCELLENCE
AWARDS 2019
✓ BCI Asia Top 10
Developers Awards 2019
(5-year consecutive)
✓ Advancing strategic partnership
✓ 135k sq.m. Outperformed Build-to-suit target with key tenants
across sector
Accelerated growth with value-creation strategy
Completed VTO of GOLD & proceeding to delist
Scaled up portfolio with customer-centric approach
2019 Best-in-class award winning property developers
Assets capitalization and successful private placement
Successfully rebranded
FY2019 Year in ReviewValue-accretive investments and partnerships
30k sq.m.
Target launch
in Q1/2020
70k sq.m.
Target launch
in Q3/2020
35k sq.m.
Target launch in
Q4/2020
66k sq.m.Target launch
in Q4/2020
60k sq.m. GFA
Target launch
in Q1/2021
17,000 sq.m.
NLA
Deepen industrial and
logistics real estate
capabilities
Broaden multi segment
expertise across
business verticals
Frasers Property Thailand – Corporate Day FY2018/2019 10
Portfolio operating metrics
JustCo Capital Tower, All Seasons Place, Bangkok
Frasers Property Thailand – Corporate Day FY2018/2019 12
3.36 years
87%
Segmental Performance – Industrial PropertyRobust operating metrics
Factory
45.6K sq.m.
2.04 years
Portfolio
Occupancy Rate
WALE
74%70%
Net Add YTD Sep-19
1.78 years
Warehouse
Portfolio
Occupancy Rate
WALE
Net Add YTD
Mar-19
451Properties Under
Management
1.15mnsq.m.
AUM
Sep-18 Sep-19
Portfolio
Occupancy Rate
WALE
77%
Net Add YTD Sep-19
3.52 years
411Properties Under
Management
1.60mn sq.m.
AUM
Sep-18 Sep-19
190.0K sq.m.
83%
FPT
Portfolio
Occupancy Rate79%68%
FTREIT
Portfolio
Occupancy Rate
Net Add YTD
Mar-19
308Properties
1.07mn sq.m.
AUM
Sep-18 Sep-19
Portfolio
Occupancy Rate79%
Net Add YTD Sep-19
554Properties
1.68mn sq.m.
AUM
Sep-18 Sep-19
164.0K* sq.m.* FTREIT net add is inclusive of properties acquired from FPT over the period.
** In the absence of property sales, organic net add YTD Sep-19 under FPT would be 180.1K sq.m. and under FTREIT of 55.6K sq.m.
77.4K** sq.m.Net Add YTD Sep-19
46%
17%9%
28%
86%
13%
32%
26%22%
12%
10%
3 “Manufacturing &
Trade Logistics”• Automotive• Electronics• Export/Import
1 “Distribution Center”
• Modern Trade• Food/Beverage• Consumer
Products• Agriculture
FPT Thailand’s largest provider of Ready-Built factory and warehouse nationwide
2 “City Logistics”
• e-Commerce• FMCG• Food & Beverage• Healthcare
Northern BKK
Customerproduct
3PL
Auto
Electronic
Others
Central region
FMCG
3PL
Eastern region
Auto
Others
Electronic3PL
Logistic/Warehouse Operator30.7%
Automotive18.9%
Electronics/Computer
13.7%
Consumer Products7.0%
Plastic Injection/Products
3.4%
Others 26.4%
Japan35.1%
Thailand17.2%
Germany15.4%
USA 5.3%
Singapore 5.1%
other 21.9%
Segmental Performance - Industrial PropertyPortfolio tenant mix by industry and country/region by revenue
Breakdown of Tenants
COUNTRY/
REGION
INDUSTRY
Chinese Customer
Chinese enquiries to FPT
materialized with higher
proportion of Chinese take-
ups in FPT portfolio tenant mix
3.95%* (Sep-19)
*Up from 3.09% as of Sep-18
Frasers Property Thailand – Corporate Day FY2018/2019 13
New take-up 2019
Segmental Performance – Residential Footprints
Frasers Property Thailand – Corporate Day FY2018/2019 14
active projects
Townhouse
Single / Semi detached house
Total
30 Projects
23 Projects
53 Projects
Samut Sakorn
Nonthaburi
Samut Prakarn
Bangkok
30
12,20,46Chachoengsao,
SrirachaPattaya
15,36
3,6,34
10,14,21,35
16,33,38
7
27,44,45
17,22,47
28,41
234,29,42
5,13,19,26,32
8
1
11,25
31
18
9
SuvarnabhumiInternational Airport
Don MueangInternational Airport
Ayutthaya
Chiang rai, Chiang mai
39,43
2
4024,37
48
1. The Grand Rama 2 (5 Projects)
2. The Grand Pinklao(2 Projects)
3. Two Grande Monaco Bangna-Wongwaen
4. Golden Town Phetkasem-PhutthamonthonSai 3
5. GrandioBangkae
6. The Grand Lux Bang na-Suanluang
7. Golden Prestige Watcharapol–Sukhapiban5
8. Golden Prestige Ekachai -Wongwan
9. Golden Neo Chaiyaphruek–Wongwan
10. Golden Neo Ladphrao–KasetNavamin
11. Golden Neo ๒ Rama 2
12. Golden Town Pattaya–Sukhumvit
13. Golden Neo Sathorn
14. Golden Neo ๒ Ladphrao–KasetNavamin
15. Golden Neo ๒ Bang na –Kingkeaw
16. Golden Neo Ramintra-Wongwaen
17. Golden Town Rattanathibet –Bangplu
18. Golden Town Chaiyapreuk–Wongwan
19. Golden Town Sathorn
20. Golden Town Sriracha-Assumption
21. Golden Town ๒ Ladphrao-Kasetnawamin
22. Golden Town Rattanathibet-Sai Ma Station
23. Golden Town ๒ Pinklao-CharanSanitwong
24. Golden Town ๓ Suksawat-PhutthaBucha
25. Golden Town ๒ Rama 2
26. Golden City Sathorn
27. Golden Town Vibhavadi-Chaengwattana
28. Golden Town Wongsawang-KhaeRai
29. Golden Town Petchkasem
30. Golden Town Srinakarin -Sukhumvit
31. Golden Town Ayutthaya
32. Golden Town Bangkae
33. Golden Town Phaholyothin-Saphanmai
34. Golden Town ๓ Bang na-Suanluang
35. Golden Town ๓ Ladphrao-Kasetnawamin
36. Golden Biz Bangna–Kingkeaw
37. Golden Town Suksawat-Phuttha Bucha
38. Golden Town Ramintra-Wongwaen
39. Golden Town Chiangrai-BigCAirport
40. Golden Town Sukhumvit-Bearing Station
41. Golden Town Ngamwongwan-KhaeRai
42. Grandio Petchkasem 81
43. Golden Town Charoen Muang-Superhighway
44. Golden City Chaengwattana-Muang Thong
45. Golden Neo Chaengwattana-Muang Thong
46. Golden Town Chachoengsao-Ban Pho
47. Golden Town Rattanathibet–Westgate
48.Golden Town Rangsit-Klong 3
53
Segmental Performance – Residential PropertyOutstanding financial results
Frasers Property Thailand – Corporate Day FY2018/2019 15
19,420
31,939 30,786
OCT 16 - SEP 17 OCT 17 - SEP 18 OCT 18 - SEP 19
Residential Presale
(THB mn)
30,786 MB Presale in 12 months
-3.6% Y-o-Y
(THB mn)
10,571 14,041 15,515
OCT 16 - SEP 17 OCT 17 - SEP 18 OCT 18 - SEP 19
Residential Revenue
(THB mn)
15,515 MB Revenue in 12 months
10.5% Y-o-Y
(THB mn)
Presale as of Fiscal Year Period
Revenue as of Fiscal Year Period
♦ First two-day launch of new projects fully
booked in several locations.
Segmental Performance – Residential PropertyOutperforming new launched projects in FY2019
Golden Empire
Chiangrai
Outperformed
target with
THB 500 mn
Presale value
during the launch
period on 22-23 Jun
2019.
Golden City
Chaengwattana
Muangthong
Sold out 100%
(THB 650 mn
Presale value)
during the launch period on 3-4 Aug 2019
Frasers Property Thailand – Corporate Day FY2018/2019 16
♦ Rural market newly-launched projects also
received a favorable feedback.
2 2 1
53
1
111
35,400
4,200 3,100
8,100
OCT - DEC 18 JAN - MAR19
APR - JUN 19 JUL - SEP19
Residential Project Launch Plan
(No. of projects)
20,700 MB Project value
20 Projects Launched in FY2019
12 10
3 4
3 21 4
23,000 20,700
FY2018 FY2019
UpcountrySDHTWTH
-10% Y-o-Y
Total FY2019
Segmental Performance – Commercial and Hospitality
Frasers Property Thailand – Corporate Day FY2018/2019 17
Golden Land
Building
Samyan Mitrtown
Golden Land Building
Mayfair Marriott
Sathorn Square
W Bangkok*
The Ascott Sathorn
FYI Center Modena
Landmark commercial, hospitality and mixed use development in heart of CBD
Park Venture Ecoplex
*GOLD holds 20% of North Sathorn Hotel Co., Ltd. who operates W Bangkok
Occ rate 53%NLA : 46,977 sq.m.
Value : ~ THB 9,000 mn
Asking : THB 1,000/sq.m.
Price
Keys : Condo 516
Hotel 112
Occ rate 89%NLA : 11,231 sq.m.
Value : ~ THB 340 mn
Asking : THB 600/sq.m.
Price
Keys : 164
Value : ~ THB 2,000 mn
Occ rate 100%NLA : 27,478 sq.m.
Asking : THB 1,500/sq.m.
Price
Occ rate 99%NLA : 72,735 sq.m.
Value : ~ THB 4,500 mn
Asking : THB 1,100/sq.m.
Price
Keys : 403
Value : ~ THB 5,800 mn
Keys : 177
Value : ~ THB 2,300 mn
Occ rate 99%NLA : 50,375 sq.m.
Value : ~ THB 4,000 mn
Asking : THB 900/sq.m.
Price
Keys : 239
Value : ~ THB 1,000 mn
Segmental Performance – Commercial and HospitalitySamyan Mitrtown – Successful event
Frasers Property Thailand – Corporate Day FY2018/2019 18
EVENT REVIEW(Oct 2019)
1.INNOVATION THAILAND EXPO
2.FREE FIRE PRO-LEAUGE
3.ISUZU-DMAX INFINIT WORLD
4.MITRTOWN HAPPY HALLOWEEN
5.ONE PIECE 20th ANIMATION ANNIVERSARY
6.BLIND EXPERIENCE
Financial performance
Golden NEO,Chaengwattana-Muang Thong
FY2019 key highlights
Frasers Property Thailand – Corporate Day FY2018/2019 20
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NPM :
EPS:
14.4%14.4% in FY2018
THB 0.96 THB 0.48 in FY2018
ROE :
9.0%5.5% in FY2018
Revenue :
THB 21,545 mnUp 16% Y-o-Y
Net profit :
THB 3,484 mn*Up 18% Y-o-Y
Net IBD/E :
1.63x0.47x in FY2018
*Net profit attributable to owner of the company which reflects FPT’s two-month ownership in GOLD stood THB 1,791 mn
0.360.48
0.96
9MFY18 Normalized FY18 FY19
2,144
2,9833,484
9MFY18 Normalized FY18 FY19
1,863 2,236 3,508 714 940960
10,282
14,04115,515415
551
566
532
744
996
13,806
18,51121,545
9MFY18 Normalized FY18 FY19
Industrial property business
Residential property business
Revenue Structure
FY2019 revenue and profit performance
Commercial property business
Net Profit
+ 56% Y-o-Y
EPS*
(THB mn)(THB mn)
(THB)
Other incomeHospitality business
+ 16% Y-o-Y + 62%
Y-o-Y
+ 18% Y-o-Y
+ 167% Y-o-Y
Frasers Property Thailand – Corporate Day FY2018/2019 21
+ 100% Y-o-Y
*Calculated by dividing profit attributable to owners of the company over number of paid-up shares
**Normalized for the 12-month period starting 1 Oct 17 to 30 Sep 18
**
13.5% 12.1% 16.3%5.2% 5.1% 4.5%
74.5% 75.8% 72.0%
3.0% 3.0% 2.6%3.8% 4.0% 4.6%
9MFY18 Normalized FY18 FY19
**
**
27,115 50,028
14,138
14,492 41,397
27,870
82,650 92,390
43101 43466
IBD Non-IBD
Shareholder's Equity Total assets
Debt maturity profile
(THB bn)
Balance sheet strength
7,475
4,504
9M18(Sep-18)
FY2019(Sep-19)
Balance Sheet Composition
Cash & Current Investments
(THB mn)
Gearing Ratio
(THB mn)
30-Sep-18 30-Sep-19
Frasers Property Thailand – Corporate Day FY2018/2019 22
Ample cash and
short-term
investments for
business operation
2020 2021 2022 2023 2024
Reoptimizing debt maturity profile, taking
advantage of low interest rate environment
De-leveraging
initiatives via
sales of assets
to REIT together
with future profit
contribution
Enlarging asset
from investment in
associates and
residential project
under construction
0.47
1.63
9M18(Sep-18)
FY2019(Sep-19)
Net IBD/ E*
*Calculated by dividing loans, borrowings and liability under financial lease after cash, cash equivalents and current investment over total shareholders’ equity
1.6
12.7 13.1
5.9
14.3
Profit & Loss statement (THB mn)
FY2019
(Oct 18-Sep 19)
Normalized FY2018(Oct 18-Sep 19)
%
FY2018
(Jan-Sep 19)
% Remark
Total revenue 21,545 18,511 16% 13,806 56%
Rental and related service revenue
2,702 2,478 9% 1,913 41% • Net increase in leased area of industrial property• FYI center had been fully-occupied
Revenue from hotel business
566 551 3% 415 36%• Higher occupancy rate and average daily room
rate
Revenue from sales of real estate
15,515 14,041 10% 10,282 51%• Higher selling price per unit • Increased the number of newly launched
projects
Management fee income
541 463 17% 334 62%• Acquired new lessees from FTREIT • New projects under management by GOLD
Gain on sales of properties
1,710 638 168% 610 180%• Gain from sales of assets to FTREIT, JV-MF, 3rd
party
Share of profits of associates and joint ventures
238 373 -36% 250 -5%• Lower shares of profit as investments in most
JVs currently at initial stage of investment
Finance cost 807 608 33% 465 73% • Debentures issued amounting to THB 13 bn
Profit for the year* 3,484 2,983 18% 2,144 62%
Net profit margin** 14.4% 14.4% - 13.3% 11 pp
Earnings per share 0.96 0.48 0.48 0.36 0.60
Key financial performance
Frasers Property Thailand – Corporate Day FY2018/2019 23
*Net profit attributable to owner of the company which reflects FPT’s two-month ownership in GOLD stood THB 1,791 mn
**Calculated by profit attributable to owner of the company and former shareholder before business restructuring over total revenue
Looking forward
Data CenterLogistics Park Bangna, ChachoengsaoSamyan Mitrtown, Bangkok
Demand for Industrial Property remains robustWarehouse and logistics has emerged key growth area for investment
Frasers Property Thailand – Corporate Day FY2018/2019 25
Electronics
Auto,Textile,
Agriculture
Auto, Electronics Food, Petrochem
& Logistics
Rubber,Tourism
Thailand Infrastructure development
will play a key role in future industrial
development
Industry highlight
East-West Economic Corridor
North-South Economic Corridor
Southern Economic Corridor
China
Laos
Myanmar
Thailand
Cambodia
Vietnam
Source: ASEAN information center, Government Public Relation Department
Industrial and logistics sectors have recovered from a multi-year downturn,
with rebounding demand driven by EEC & US-China trade war while
developers continue acquiring prime sites despite economic slowdown.
77% 76% 76% 77% 80%
0.0
2.0
4.0
6.0
2014 2015 2016 2017 2018
(mil
lio
n s
qm
)
Total supply Total take-up
Occ rate
Chonburi31%
Samutprakarn21%
Rayong17%
Ayutthaya15%
Saraburi 6%
Pathumthani 6%
Prachinburi 3% Chachoengsao 1%
240
170
180
180
140
200
123
200
250
185
190
230
200
220
230
250
Chachoengsao
Prachinburi
Pathumthani
Saraburi
Ayutthaya
Rayong
Samutprakarn
Chonburi
81% 79% 81% 82% 85%
0.0
2.0
4.0
6.0
8.0
2014 2015 2016 2017 2018
(mil
lio
n s
qm
)
Total supply Total take-up
Samutprakarn33%
Chonburi25%
Ayutthaya13%
Chachoengsao9%
Bangkok 7%
Rayong 4%
Khon Kaen 3%
Pathumthani 2%Lamphun 2%Saraburi 1%Samut Sakhon 1%
120
100
120
140
100
150
120
100
120
120
110
155
160
125
180
110
180
180
180
155
200
190
Samut Sakhon
Saraburi
Lamphun
Pathumthani
Khon Kaen
Rayong
Bangkok
Chachoengsao
Ayutthaya
Chonburi
Samutprakarn
Thailand Ready Built Factory (RBF) Supply, demand and occupancy rate 2014-2018
Thailand Warehouse Supply, demand and occupancy rate 2014-2018
Warehouse supply in key provincesRBF supply in key provinces
RBF rental rate by location Warehouse rental rate by location
* Source : Knight Frank Market Study, September 2019 (data as of 2018)
Industrial property - Key development trends
Frasers Property Thailand – Corporate Day FY2018/2019 26
▪ Robust demand for logistics property driven by growth of E-Commerce, Omichannel and FMCG
▪ Rapid urbanisation, limited supply and requirement for innovation and robotic technology are driving demand for industrial property spaces
▪ Relocation of foreign companies to Thailand following the trade war will enlarge local supply chain ecosystem which in turn boosts demand for factories & warehouses
▪ Adoption of Industry 4.0 will give rise to smart industrial facilities with higher specifications powered by intelligent management tools and automated vehicles
Momentum from ongoing positive structural shifts in the sector
Macro
Industry
Positive demographic
profile
Rapid urbanisation
High infrastructure
investment
Increasing e-commerce
platforms
New Industry 4.0 & special
economic zones
Greater implementation
of technology
4.0
Warehouse
Consumers
Factory
Retail Shop
Factory Individual/SMEs
E-Commerce
e-Shop
Omni-Channel
New Supply Chain Model:Warehouse as a center of gravity
Industrial property - New smart logistic centers
Frasers Property Thailand – Corporate Day FY2018/2019 27
Land Area299k m2
(~187 rai)
Net Lettable Area
164k m2
Expected Date of
Completion for 1st phase
Q4/2020 withNLA of 42k m2
Partnered with Mitsui Fudosan
Bangpakong Logistic ParkBangpakong ,Chachoengsao
The technology-led smart industrial and logistic parks
Industrial property - New smart logistic centers
Frasers Property Thailand – Corporate Day FY2018/2019 28
Land Area250k m2
(~156 rai)
Net Lettable Area
101k m2
Expected Date of
Completion for 1st phase
Q4/2020 withNLA of
24k m2
Partnered with Mitsui Fudosan
Wangnoi Logistics ParkWangnoi, Ayutthaya
The prime distribution centernode to northern and northeastern part of Thailand
Industrial property - New smart logistic centers
Frasers Property Thailand – Corporate Day FY2018/2019 29
Land Area72k m2
(~45 rai)
Net Lettable Area
35k m2
Expected Date of
CompletionQ4/2020
Partnered with Sahathai Terminal
Bangkok Logistics Park
Last mile logistics park, 20 minutes from CBD area with direct connection to industrial ring road and highways
Challenging year for residential developers
6,619
2,383
14,368
26,680
6,031
3,683
14,085
36,639
6,579
2,634
16,981
29,716
Single-detached house
Semi-detached house
Townhome Projects
Condominium
First-half sales of residential units 2018-2019
Jan-Jun 18
Jul-Dec 18
Jan-Jun 19
Source: Agency for Real Estate Affairs (AREA)
Frasers Property Thailand – Corporate Day FY2018/2019 30
• Higher down payments following LTV rules
has cooled down residential market.
• Condominium segment remains very
challenging whilst there remains positive
outlook for selective areas for SDH/
Townhouse segment.
• Overall residential sector weighting is neutral
with weak earning outlook as new launch
declined for all products.
(million baht)
Economic stimulus campaign by government
Chim, Shop, Chai campaign
♦ Transferred fee : 2% to 0.01%
♦ Mortgage fee : 1% to 0.01%
♦ Effective until Dec 2019
for those who buy property <3MB
Tax reduction GHB offering
low-interest mortgage loans
♦ Interest rate remains at 2.5% for
the first 3 years
♦ Borrowed amount : <3 MB
♦ Effective date : 24 Dec 2019
♦ An overall limit of 50 billion baht
Speed up
disbursement
of the national budget
Source: NNT (24 Oct 19)
• 1H19 has seen office rents soar to new-high
level with prime offices commanding
>THB900 per sq.m., whilst occupancy rate
remains high.
• Agile workplace and co-working space have
become major players tenants.
• The incoming new supply of 2 million sq.m. in
2023 will put pressure on older office building
to renovate and upgrade.
Steady office market in Bangkok with low vacancy rate and escalating rents
Market-wide average monthly gross rents, 2008 to 3Q19
Net new supply, net absorption and vacancy, 2008 to 3Q19
Source: JLL Thailand
Frasers Property Thailand – Corporate Day FY2018/2019 31
902Average Prime Grade Rent
725Average Rent
552CBD Grade B
Source: CBRE
Market-wide future for-lease supply pipeline
THB 31 bn
Presale value
in FY2019
Click icon to add
picture Samyan Mitrtown
was successfully
launched
in Sep-2019
SYM 70%Triple Y Residence
Presale
Residential & Commercial property outlook
Strengthening Commercial Portfolio
• The latest commercial mixed-used development
Samyan Mitrtown was successfully launched
and well-received by the public in Sep-2019.
• Development strategies:
• Emphasizing on tenants’ experiences
• Placemaking concept incorporating
different types of asset classes ie
residential, retail and office
• Potential investment in new commercial building
in 2020
Frasers Property Thailand – Corporate Day FY2018/2019 32
- Residential sales for townhouses and,
single house and SDH in selective areas
remain strong despite slowdown in
overall residential market.
- The focus remains on lower-middle
segment with pricing range between
THB2 – 7 mn under Golden Neo, Golden
City and Golden Town.
- New launches in greater Bangkok area
and key regional cities e.g. Chiang Mai,
Rayong and Ayutthaya
Strengthening Residential Portfolio
Key Takeaways
Looking forward 2020
Active Asset Enhancement Initiative and Smart Solutions to drive Industrial
Property AUM occupancy rate
Strong IP pipeline and positive demand from both existing & new tenants following
EEC and US-China trade war
Moderate Growth in Residential demand driven by unique design and attractive price
offering
Leverage on existing partnership and relation with Group Companies
Frasers Property Thailand – Corporate Day FY2018/2019 33
