Opportunity Day March 2012
Supalai Public Company Limited
Opportunity Day March 2012
Supalai Public Company Limited
Executive Summary
2
• Delivering record sales and revenue in 2011 despite the floods
• Robust market share growth in provincial markets with established operations
• Secured land bank to support new launches and further growth
• Newly inducted to be a component of SET50 and SETHD indices
3
For the year ended (Million Baht) 31Dec11
31Dec10
(Restated) Change
MB. %
Total Revenues 12,809 11,184 1,625 15%
Revenues from Sale on Real Estate 12,466 10,885 1,581 15%
Gross Margin (%) 42.4% 43.0% - -
Selling and Administrative Expenses 1,353 991 362 37%
% S&A to Total Revenues 10.6% 8.9% - -
Earning before Tax 3,991 3,791 200 5%
% EBT to Total Revenues 31.2% 33.9% - -
Corporate Tax 1,319 1,153 165 14%
% Effective Corporate Income Tax Rate 33.0% 30.4% - -
Net Profit 2,568 2,581 (13) (1%)
Net Profit Margin (%) 20.0% 23.1% - -
Basic Earnings Per Share (Baht) 1.50 1.50 0 0%
Consolidated Income Statement
4
(Million Baht)
31Dec11 31Dec10 (Restated)
Change
MB. %
Total Assets 20,495 18,586 1,908 10%
Loan from Financial Institutions 5,100 4,393 706 16%
- Project Loan 80 253 (173) (68%)
- Debenture 4,139 4,137 2 0%
- Other 880 3 877 30,664%
Deposits & Advances Received From Customers 2,221 2,166 55 3%
Total Liabilities 9,362 8,962 400 4%
Total Shareholder's Equity 11,132 9,624 1,509 16%
Issued and Paid-up Share Capital 1,717 1,717 - 0%
Consolidated Statement of Financial Position
5
Remark : Net Gearing = (Interest Bearing Debt – Cash) / Equities
31Dec11 31Dec10
Net Gearing (%) 40% 42%
Net BV Per Share (Baht) 6.49 5.61
Interest Coverage Ratio (Times) 28 53
ROE (%) 23% 27%
ROA (%) 13% 14%
Financial Ratios (Consolidated)
6
Expansion in Provincial Markets
L M H
DH
TH
CD
Chiangmai
Khonkaen (Subsidiary)
Bangkok Metropolis
Chonburi
Phuket
Suratthani L M H
DH
TH
CD
L M H
DH
TH
CD
L M H
DH
TH
CD
L M H
DH
TH
CD
L M H
DH
TH
CD
Remark : DH = Detached House, TH = Townhouse, CD = Condominium, L = Low income, M = Middle income, H = High income
Hadyai (Subsidiary) L M H
DH
TH
CD
7
4,804 5,358 5,960 7,2859,469
11,2362,164 2,1223,341
4,881
4,416
4,675
18,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
2006 2007 2008 2009 2010 2011 2012 (T)
High Rise Low Rise Target
Sales Contract Performance & Target Million Baht
13,885
Remark : Sales contract shown are value of total contracts signed minus all cancellations
15,911
Historic quarterly sales in 4Q11 worth 6.3 billion Baht
City Resort Ratchada-Huaykhwang
8
No. of Units : 875 Project Value : 1,600 MB Launch Date : January 2012
Remark : Percentage shown are derived from pre-sales by value as of 26Feb12
9,36810,529
11,677
7,761
3,4715,624 5,190
12,500
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2009 2010 2011 2012 (T) 2012 2013 2014 2015
Revenue Recognized Backlog Revenue Target
9
Revenue & Backlog (The Company Only)
Total Backlog = 22,046 Million Baht
Million Baht
Remark : Numbers as of 31Dec11
10
Project Type Project Value Backlog
Remaining Project Value
Units Million Baht Million Baht Million Baht
Condominium - Completed 16,201 35,938 559 2,109
Condominium - Under Construction 8,261 26,265 18,640 7,603
Detached House 8,948 31,154 2,174 10,380
Townhouse 4,318 11,438 673 1,042
Grand Total 37,728 104,796 22,046 21,133
Remark : The company has combined finished inventory for detached house and townhouse of 820 MB as at 31Dec11
Ongoing Project Status (31Dec11)
11
Remark : The company has land acquisition budget of 4.5 billion Baht in 2012 (3.6 billion Baht spent in 2011)
Project Type Project Launched 2011 New Project Launch 2012 (Land Secured Only)
Land Bank Secured for 2013 Onwards
# Value # Value # Value
Low Rise 5 4,680 11 8,420 10 6,810
High Rise 4 11,920 5 9,190 1 3,600
Total 9 16,600 16 17,610 11 10,410
Project Launch Plan & Land Bank
Supalai Wellington
12
No. of Units : 1,062 Project Value : 4,750 MB Launch Date : March 2012
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