AMATA VN Public Company Limited Welcome to Opportunity Day Financial Results for the period ended December 31, 2017 1
Disclaimer This document was prepared by Amata VN Public Company Limited in good faith upon sources believed to be reliable but no representation or warranty expressed or implied is made to their accuracy or correctness. Amata VN Public Company Limited accepts no liability for any direct or consequential loss or damage arising from any use of this document or its contents. All information and opinion expressed here is subject to change without notice. The copyright belongs to Amata VN Public Company Limited. No part of this document may be published or copied in any form or by any means without the written permission of Amata VN Public Company Limited. 2 2
Amata VN Overview FY-2017 Financial Results Going Forward Appendix 3 3
Key Milestones 2017 Amata Township Long Thanh increased capital to USD 15.0 million, mainly for land acquisition 2016 Received Investment certificate for Service City Long Thanh area of 107 ha Received Investment certificate for Township Long Thanh area of 753 ha 2011 2012 2015 Increase shareholding in Amata Vietnam Joint Stock Company through acquiring from Sonadezi Established Amata City Long Thanh Joint Stock Company Listed Amata VN PCL in Stock Exchange of Thailand (SET) Received Investment certificate for Hi-tech industrial area of 410 ha Established Amata VN PCL Received Golden Dragon Award : Best Services for Industrial Zones from Vietnam Economic Times (for 5 consecutive years from 2007 to 2012) 2008 2010 Received additional investment certificate for industrial area of 18.33 ha Received First class Industrial Park Award from Dong Nai Industrial Zone Labor Union Received Award for Excellent Enterprise in Dong Nai from People s Committee of Dong Nai Province 2007 1996 Received additional investment certificate for industrial area of 132.7 ha Received additional investment certificate for industrial area of 261.98 ha Received investment certificate for Amata Commercial Complex with total area of 19.07 ha 4 1994 Invested in Amata Power (Bien Hoa) Ltd Established Amata Vietnam Joint Stock Company Received investment certificate to develop leasable area of 100 ha
Shareholding Structure Amata Corporation 73.2% *To be established Amata City Bien Hoa JSC 90% Amata City Long Thanh JSC 93.5% Amata Township Long Thanh JSC 100% Amata City Halong JSC 100% Amata City Bien Hoa Hi-Tech Industrial Park Long Thanh Service Township Long Thanh Township Long Thanh Amata Industrial Park Halong 5
Project Overview Current Project Project Location Area No. of Factories Amata City Bien Hoa Bien Hoa City, Dong Nai Province Project in Progress No. of Employee Customer by Industry 700 ha 154 44,000 38% Machinery, Steel, Metal, Plastic, Rubber 15% Textile, Garment 12% Chemical paints 9% Electronics Project Location Area Highlights Amata City Long Thanh Long Thanh City, Dong Nai Province 1,270 ha On New HCMC Long Thanh - Dau-Giay Expressway: 6-lane expressway opened in February 2015 Highway No.51, linking to Cai Mep Port and Vung Tau Port Amata City Halong Halong City, Quang Ninh Province Expected 5,789 ha On new Highway No. 5 connecting Hanoi, Haiphong and Halong Near the new Lach Huyen Deep Sea Port Proximity to China Border 6
Amata VN Overview FY-2017 Financial Results Going Forward Appendix 7 7
Revenue Breakdown by Business Type [2013 2017] Total Revenue (THB mn) 8
Analysis of Change on Revenue Unit : M. THB + 30.6% Overall 9
Revenue Breakdown FY-2016 FY-2017 *Land Sales : Recurring 43% : 57% *Land Sales : Recurring 59% : 41% *Note: Proportion of Land Sales and Recurring Income is excluding other incomes. 10
Real Estate Sales Land Sales: Revenue & Growth (%) Pre-Land Sale and Land Transfer 11 Note: 1 Hectare = 6.25 Rai
Utility Services Utility Services: Revenue & Growth (%) International standard level of telecommunication Reserved water tanks total capacity of 31,000m 3 High quality stable power supply with 2 independent sources (national grid and Amata Power Bien hoa Waste water treatment plant of 12,000m 3 /day Note: Utility Services includes water supply and treatment and management of common areas of Industrial estates, garbage / solid waste fee and other utility maintenance services 12
Rental: Ready Built Factory and Commercial Rental Rental: Revenue & Growth (%) Note: Ready Built Factory Size range from 1,000 5,000 m 2 (total area of aprx.130,000 m 2 ) 13
14 Operating Results Summary
15 Operating Results Revenue and Gross Margin
16 Operating Results Revenue and Gross Margin
Financial Performance FY-2016 FY-2017 Evolution (Million Baht) (Million Baht) % Revenue 896 1,171 +30.6% Operating profit reported 185 548 +195.9% Financial Expense 33 10 Income Tax Expense 91 116 Net Profit 62 422 Net Profit (after deduct MI) 50 369 +641.5% Net Profit (after deduct MI) in % 5.6% 31.5% +26.0 pts Note: In 2Q17, THB 15 million additional land rental was recognized from 4 out of 9 land rental contracts with government resulting from announcement of new regulation. 17
Balance Sheet Unit: Million Baht Current Ratio Debt-to-Equity Return on Equity Return on Assets 18 Note: Interest bearing debt to equity : 0.8x
19 Cash Flow Statement
Recap Beyond-target Land sales FY2017 at 22 Ha Strong Presales in 2017 resulting in 17 ha backlog to 2018 Strong results in 2017; revenue and net profit growth of net profit over 31% and 642%, respectively Momentum expected to carry over to 2018 20
Amata VN Overview FY-2017 Financial Results Going Forward Appendix 21 21
Project Update Amata City Bien Hoa Project Process of getting license for expansion phase has begun, expected to get Investment Certificate (IC) in mid 2018 Amata City Long Thanh Project Amata City Long Thanh project on schedule for presales in 2018 Amata City Halong Project Pushing for first phase IC 22
Strong FDI Momentum FDI in Vietnam surged 44% in 2017 Total registered foreign direct investment (FDI) for 2017 was USD 35.9 billion Manufacturing-processing industry remained the top sector accounting for 44.2% of the total registered FDI The World Bank estimated that Vietnam s economy would expand at an average of 6.3% in the next 3 years through strong export-oriented manufacturing, buoyant domestic demand, and high FDI Top 3 countries investing in Vietnam in 2017 1) Japan: USD 9.11 billion, making up 25% of the FDI 2) South Korea: USD 8.49 billion or 24% of the FDI 3) Singapore: USD 5.3 billion or 15% of the FDI 23
5 Years Ambition of Amata VN Creating Sustainable Portfolio Footprint in VIETNAM 24 1. Securing Land Rights on 80 km 2 in Vietnam AMATA CITY AREA (KM 2 ) Bien Hoa 7.0 Long Thanh 12.7 Halong 58.0 2. Building Stable Revenue Cumulated lease land, 300 ha, 2017 2 times LAND 600 ha Year 2022 Organic growth of 35% from land sales New business introduction 3. Embedding Sustainable Development Apply Sustainable Development Concept Upgrade IP Status toward Eco/Green City Sustainability Development Competencies for our Employees
Highlight for Amata VN in 2018 Amata City Bien Hoa to maintain strong performance Amata City Long Thanh opening to be upside Expanding north to Amata City Halong, the future of Amata VN 25
Amata VN Overview FY-2017 Financial Results Going Forward Appendix 26 26
Customer Profile By Industry By Nationality 27 27
Strategic Location - Amata City Bien Hoa Amata City (Bien Hoa) is located in a key strategic location in the southern economic hub and with access to various transportation networks and access to labor resource in Bien Hoa City Land Description Grantor Dong Nai Industrial Zone Authority (DIZA) Total Granted Area Current Approved Area 700 hectares or 4,375 rais 513 hectares or 3,206 rais 2 1 Location Located in Bien Hoa City, Dong Nai Province Next to the crossroad of Highway No. 1 and Highway No. 15 Highway No. 1 : the main north to south route connecting various big cities including Hanoi, Ho Chi Minh, and Bien Hoa Highway No. 15 : connects to Highway No.51, linking Amata City (Bien Hoa) to Cai Mep Port and Vung Tau Port 6 4 5 3 7 Distance 0 km 5 km 20 km 30 km 33 km 35 km 50 km Highway No. 1 Bien Hoa City Long Thanh Airport (Developing) Ho Chi Minh City Cat Lai Port Tan Son Nhat Airport Cai Mep Port 1 2 3 4 5 6 7 28
Strategic Location - Amata City Long Thanh Amata City Long Thanh (project in progress) is strategically located on the new Dau-Giay Expressway and upcoming Long Thanh International Airport connecting to HCMC Land Description Grantor Total Granted Area Dong Nai Industrial Zone Authority (DIZA) 1,270 hectares or 7,940 rais Current Approved Area 1,218 hectares or 7,615 rais Location Located in Long Thanh City, Dong Nai Province On New HCMC Long Thanh - Dau-Giay Expressway: 6-lane expressway opened in February 2015 Highway No.51, linking to Cai Mep Port and Vung Tau Port 5 4 6 1 3 2 Highlight Granted Investment certificate for High Tech Industrial Park 410 ha in June 2015 Granted Investment certificate for Service City Township 55.4 ha in March 2016 Granted Investment certificate for Township 753 ha in July 2016 7 8 Distance 25 km 20 km 10 km ACLT 0 km 20 km 27 km 30 km 40 km 55 km Bien Hoa City Amata City Bien Hoa Long Thanh Airport (Developing) Dau-Giay Expressway Ho Chi Minh CityTan Son Nhat Airport Cat Lai Port Cai Mep Port 1 2 3 4 5 6 7 Vung Tau Port 8 29
Strategic Location - Amata City Long Thanh Amata City Long Thanh High-tech Industrial Park (410 ha) Service Township (107 ha) Industrial Park Urban Development Amata Township Long Thanh 753 ha Mega Township (753 ha) Urban Development N7 ROAD 10.5 ha HIGHTECH 410 PARK ha 410 ha 30 107 ha 107 ha LONG THANH DAU GIAY HIGHWAY
Strategic Location - Amata City Halong Amata City Halong (project in progress) is strategically located on the new Haiphong - Halong Expressway and upcoming the new Lach Huyen Deep Sea Port Land Description Grantor Quang Ninh Economic Zone Authority (QEZA) Total Area Expected 5,789 hectares or 36,000 rais 6 7 Current Application Submitted Area 709 hectares or approximately 4,430 rais Location Located in Quang Ninh Province On new Highway No. 5 connecting Hanoi, Haiphong and Halong Near the new Lach Huyen Deep Sea Port Proximity to China Border 5 2 1 3 4 Distance ACH 0 km 30 km 30 km 95 km 117 km 134 km 190 km Expressway Halong-Haiphong Cat Bi International Airport Lach Huyen Deep Sea Port Van Don Airport Hanoi Noi Bai Airport China Border 1 2 3 4 5 6 7 31 31
Contact Nattorn Kijsamrej Vice President Finance & Accounting Tel: +66-2-792-0000 ext. 190 nattorn@amata.com Yanisa Dechapahul Investor Relations Section Manager Tel: +66-2-792-0000 ext. 224 yanisa@amata.com March, 2018 32