Q 1 2 0 1 9 A N A L Y S T M E E T I N G

D A T E : 1 4 T H M A Y 2 0 1 9

Q1 2019 Performance

2,546 3,127 3,3414,183 4,022 4,656 4,492 4,668

3,946

5,9851,4991,498 1,298

3,631

1,3411,657 2,127

3,666

1,321

1,517

927

1,314

921

2,007 1,185

1,152

910

1,142

Q1 17

666

Q4 17 Q1 18(Restated)

Q2 17 Q1 18

6,426

523

Q2 18Q3 17 Q3 18 Q1 19Q4 18

288

5,127 5,463 5,462

8,5649,553

6,533

8,065

9,8038,932

+39%

Million Baht

Q1 2019 Revenue: +51% JV

1,052 1,071 1,900

12,94713,198

17,838

20,500

6,7067,926

8,792

5,5003,431

5,264 4,000

32,965

600

2016 2017 2018 2019 FC

25,607

22,669

31,900

3

Condominium

51% JV

Service Rev

Low Rise

+51.7%

+14.8%

7,790(+41.2%)

Q1 2019 Financial Summary

Note: % Of total revenue + 51% JV, except selling expenses which is based on reported revenue

34.5%

17.8%

7.8%

10.0%

*With 51% JV

4

34.9%

15.6%

8.2%

7.4%

8.2%

7.4%

2,6232,703

3,148

3,856

1,078

34.8%

18.0%

11.9%

20.5%

Y2015

18.8%

19.3%

13.3%

Y2016 Y2017

35.7%

35.8%

19.1%

Y2018

32.9%

Q1 2019

34.5%

17.8%

13.8%

19.8%

34.1%

19.0%

33.8%

35.1%

20.7%

13.9%14.2%

+16.5% +22.5%

P&L Quarterly Performance

549 608 636

1,355

8651,181

915 953 1,078

32.9%

11.0%

33.8%

13.1% 12.7%

21.8%

19.6%

34.3%

Q1 2017

36.6%34.8%

Q3 2017

20.9%

19.9%

34.9%

19.5%

Q3 2018Q2 2017

36.6%

22.0%

21.0%

12.9%

37.4%

34.7%

33.9%

Q4 2017

18.7%

16.4%

21.5%

34.2%

16.8%

37.1%

Q1 2019

15.6%15.7%

21.7%

Q1 2018(Restated)

36.0%

33.3%

20.6%

17.4%17.8%

32.8%

18.0%

Q2 2018

34.8%

13.3%

19.3%

34.5%

20.4%

Q4 2018

13.8%

17.8%

32.5%

+24.6%

%GP

Net profit

%NI

%SG&A

5

Presales Update: 30th April 2019

Presales Performance as of 30th April 2019

12,33214,822

19,65222,500

6,9098,323

10,033

28,15621,646 16,500

5,380

6,673

22,365

42,97841,298

39,000

14,996

12,289

2016 2017 2018 2019FC YTD2018YTD2019

+22%

5,2104,714

5,690

4,037

6,222

2,100

6,909

8,323

Q2 2018Q1 2018 Q3 2018 Q1 2019Q4 2018 April 2019

YTD 2019YTD 2018

+19%

+20%

4,806

2,534

7,7386,568 6,363

310

5,380

6,673

YTD 2019Q1 2018 Q4 2018Q2 2018 Q3 2018 Q1 2019 YTD 2018April 2019

+32%+24%

Mill

ion

Bah

t

Condominium

Low Rise

9

Presales Achievement as of 30th April 2019

1

PresalesTHB

Million

Low Rise 8,323

Condominium 6,673

of which JV Condo (1,888)

Presales Achievement 14,995

% Achievement 38.4%

2019 Presales Target 39,000

AP BacklogTHB

Million

Low rise 7,164

Condominium(2019 Portion)

2,024

3M 2019 Revenue Recognition

7,503

Total Backlog(2019 Portion)

16,691

% Secured Revenue 64.2%

2019 Property Revenue Target

26,000

Backlog by Segment: AP

7,164

5,164

12,328

30th April

Condo

Low Rise

Mill

ion

Bah

t

9Note: Data as of 30th April 2019

• Q1 2019 JV revenue recorded at THB 2.2 billion (+25.5% YoY)

• “Share of profit from investments in joint ventures” reported at THB 293 million (+95.3% YoY).

• In Q1, “Life Asoke” (91.2% transferred) and “Rhythm Ekkamai” (68.1% transferred) continued to be

key players.

• As of 30th April, JV condo backlog recorded at THB 39.2 billion and a schedule of revenue recognition

is shown in the below table.

Joint Venture with Mitsubishi Estate Residence

10Note: Data as of 30th April 2019

Condo Backlog & Transfer Schedule:JV Condo Backlog

11

AP Condo Backlog

3,562

5,506

1,765

4,420

1,375 1,375

20232019 2020 2021 2022

7,717 7,804

11,969 12,09813,847

7,303

594

2021 20232019 2020

7,1103,460

2022

4,530

17,550 17,980

6,630

New Launch

Backlog Based Completion

Backlog

Note: Data as of 30th April 2019

Based Completion

2019 Launch Plan (Revised)

2019 New Launch Phasing

13

6,0008,685

10,385 10,580

7,300

8,800 6,30010,580

Q1 2019 Q2 2019 Q3 2019 Q4 2019

13,300

17,485 16,685

Condominium

Low Rise

Number of Project Q1’19 Q2’19 Q3’19 Q4’19 2019

Condo 3 1 1 - 5

- AP 2 - - - 2

- JV 1 1 1 - 3

Low rise 5 8 13 9 35

Total 8 9 14 9 40

2019 New Launch Phasing

14

Disclaimer:

This presentation may include information which is forward-looking in nature.Forward-looking information involve known and unknown risks, uncertainties andother factors which may impact on the actual outcomes, including economicconditions in the markets in which AP (Thailland) and general achievement of AP(Thailand) business forecasts, which will cause the actual results, performance orachievement of AP (Thailand) to differ, perhaps materially, from the results,performance or achievements expressed or implied in this presentation.

15

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