MBK Public Company Limited Key Performance 1H 2011/1212 Page 1
Disclaimer This presentation is made, furnished and distributed for information purposes only. Nothing in this release should be construed as either an offer to sell or the solicitation of and offer to buy or sell share in any jurisdiction. This presentation may include information which is forward-looking in nature. Forward-looking involve risks, uncertainties and other factors which may impact on the actual outcomes, include economic conditions in the markets in which MBK operates and general achievement of MBK business forecasts, which will cause the actual results, performance or achievements of MBK to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. Please be advised that this presentation may contain expectations and assumptions that are subject to change at any time. Results and future performance are not guaranteed and may differ from expectations. Page 2
Content Quarterly Highlight Company Overview Profile and Key Performance - Shopping Center Business - Hotel & Tourism Business - Golf Business - Real Estate Development Business - Rice Business - Finance Business - Other Business CAPEX Financial Highlight 1H 2011/12 Page 3
Quarterly Highlight Dusit Thani Maldives, Mudhdhoo Island, Baa Atoll soft open in March 2012. Revenue grows 5.5% YoY to 4,292 Mil. Operating Profit Margin for 1H 2011/12 increases 2.4% YoY to 35%. ROE rises 1.8% to 11%, and ROA climbs 0.8% to 5% Accounting Period Changing from the period starting from 1 July to 30 June to the period starting from 1 January to 31 December. Page 4
Company Overview Page 5
Corporate info Background Paid-Up Capital Established in 1974; relisted on the SET since 1994; changing its name to MBK in 2003. Bt1,886.291 Mil(188.629 million shares @Par 10 baht) Market Cap. Bt18,061 Mil (95.75 Bt/share as of 29 February 2012) Dividend Policy Semi-Annually Major shareholders Patum Rice Mill and Granary Plc. (26%) Rating Thanachart Group (19.9%) State Street Bank and Trust Company For Australia (3.7%) Nortrust Nominees Ltd. (3.5%) A by Tris Rating. Page 6
Milestones The Nine opened Layana acquired Invested in Maldives (Resort) Paradise Park taken over formerly Seri Center 2011 Sheraton Krabi Beach Resort launched Plan Estate acquired 2008 2010 Established 1974 1985 PPB Hotel opened Relisted on SET 1994 Invested in ROH 1996 Mah Boon Krong Shopping Center opened 2001 2002 2003 2007 Invested In Siam Piwat Tinidee Hotel@ Ranong acquired Loch Palm Golf Course acquired Paradise Park relaunched Riverdale Golf Course opened T Leasing acquired Glas Haus Ratchada acquired Red Mountain Golf Course opened Apple Auto Auction operated Glas Haus Sukhumvit acquired Renewed lease agreement of MBK Page 7
Business Structure As of December 2011 Shopping Center Hotel & Tourism Golf Real Estate Development Rice Finance Other MBK Center Paradise Park (50%) Sheraton Krabi Beach Resort 50% Siam Piwat (30.7%) Siam Center Siam Discovery Siam Tower Siam Paragon (50%) The Nine Center Glas Haus Sukhumvit Glas Haus Ratchada Pathumwan Princess Hotel Tinidee Hotel @ Ranong Tinidee Hotel @Phuket Layana Dusit Thani Maldives, Mudhdhoo Island, Baa Atoll (30%) Royal Orchid Sheraton (29.7%) Dusit Thani (11.6%) Erawan Group (6.3%) Loch Palm Golf Course (72.6%) Red Mountain Golf Course (72.6%) Riverdale Golf Course Lam Luk Ka Golf and Country Club (26.4%) Plan Estate (72.6%) Crystal Lake (72.6%) Riverdale Residence Condominium @ Ratchada Soi 17 Patum Rice Mill (74.5%) MBK-G T Leasing TCAP (9.9%) Max Asset (16.6%) Apple Auto Auction (50%) X-GEN (34%) (9%) (10%) (3%) (4%) (26%) (3%) Asset allocation by business (excl. 10% allocated to pooled asset for liquidity management purpose) Page 8
Properties by Geography Bangkok Phuket Krabi Page 9
Properties in Bangkok Area Page 10
Properties in Phuket and Krabi Page 11
Profile and Key Performance Page 12
Shopping Center Business Page 13
Shopping Center Business Profile Property MBK's Net Stake (%) Retail (sq.m.) Office (sq.m.) MBK Center 100.0% 92,000 - MBK Tower 100.0% - 18,000 Paradise Park 65.4% 90,000 - The Nine Neighborhood Center 100.0% 12,000 9,000 Properties of Siam Piwat Siam Center 30.7% 19,000 - Siam Discovery & Tower 30.7% 23,200 30,700 Siam Paragon 15.4% 186,010 - Glas Haus Sukhumvit 100.0% - 13,500 Glas Haus Ratchada 100.0% - 8,200 Total 422,210 79,400 MBK's Net Stake 204,357 58,128 Page 14
Shopping Center Performance Average Occupancy Rate (Percent) 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 MBK Center (92,000 sq.m.) 99.8% 99.9% 99.5% 99.2% 100.0% MBK Tower (18,000 sq.m.) 100.0% 100.0% 100.0% 100.0% 100.0% Paradise Park (90,000 sq.m.) N/A N/A 89.20% 87.10% 90.60% The nine (21,000 sq.m.) N/A N/A N/A N/A 99.7% Gaus Haus Sukhumvit (13,500 sq.m.) 93.7% 98.2% 97.9% 97.6% 80.0% Glas Haus Ratchada (8,200 sq.m.) N/A N/A 100.0% 100.0% 100.0% Total Group 99.2% 99.7% 95.3% 94.3% 94.8% The lease contracts of MBK Center tenants : to be expired in 2012^ = ~15%* to be expired in 2013^ = ~46%* Note : ^ calendar year and * of total lettable space Average MBK s traffic of 80,000 visitors per day during weekdays and 90,000 visitors per day during weekend with foreign visitors accounting for 32%. (for the period October to December 2011) Page 15
Siam Piwat (SPW) SPW's Stake (%) Business Retail (sq.m) Office (sq.m.) Branches Siam Center 100% Shopping center 19,000 - - Siam Discovery 100% Shopping center 23,200 - - Siam Tower 100% Office Building - 30,700 - Siam Paragon 50% Shopping center 186,010 - - Paradise Park 50% Shopping center 90,000 - - Loft 100% Gift shop - - 3 Page 16
Contribution of SPW 250 229 Bt Mil 200 150 100 50 134 141 126 Profit Shari ing 60 101 101 71 Dividend 115 105 0 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Profit Sharing Dividend Book Value = Bt1,307.6 Mil (under equity method as of December 2011) Page 17
Paradise Park Property Profile As of December 2011 Type Shopping Center Lettable Area 90,000 sq.m. Location Srinakarin Road Tenure Leasehold ended 2023 Storey 5 No. of Tenants 408 Investment Size Bt1,644 Mil Avg. OR 91% Target Customer A and B Reopening Date 24 August 2010 Page 18
The Nine Neighborhood Center Property Profile As of December 2011 Type Community Mall Lettable Area: Retail 12,000 sq.m. Office 9,000 sq.m. Tenure Freehold Location Rama IX Road Storey 2-4 No. of Tenants 128 Investment Size Bt1,200 Mil Avg. OR 100% Target Customer B Opening Date 15 July 2011 Page 19
Office Buildings Property : Glas Haus Building Location : Sukhumvit Rd. Tenure : Leasehold ended August 2020 Tenant : TBANK, UOB, GHB and PST Lettable area : 13,500 sq.m. Acquired : June 2007 Investment Size : Bt290.5 Mil Avg. OR : 71.3% Property : Glas Haus Ratchada Location : Ratchada Rd. Tenure : Leasehold ended February 2024 Tenant : TBANK Lettable area : 8,200 sq.m. Acquired : June 2010 Investment Size : Bt208 Mil Avg. OR : 100% Page 20
Shopping Center Business Revenue Breakdown 1,605 million baht 1,828 million baht GLAS HAUS OFFICE 4.73% 1H 2010/11 SPW 7.18% THE NINE 4.34% GLAS HAUS OFFICE 3.44% 1H 2011/12 SPW 5.77% PDP 25.54% MBK 62.55% PDP 27.52% MBK 58.93% Page 21
Hotel & Tourism Business Page 22
Hotel Business Profile Property Location : Pathumwan Princess Hotel (PPB) : Sitting adjacent to MBK Center and opposite Siam Square. : 4 star : 455 keys Grade Room Capacity Tenure : Leasehold ended 2033 Operate/Acquire : 1996 Property : Sheraton Krabi Beach Resorts (SKBR) Location : Krabi Province Grade : 5 star Room Capacity: 246 keys Tenure : Freehold Operate/Acquire : 2003 Page 23
Hotel Business Profile (Con.) Property : Tinidee Hotel @Ranong (TNDR) Location : Ranong Province Grade : 3 star Room Capacity : 138 keys Tenure : Freehold Operate/Acquire : 2002 Property : Tinidee Hotel @ Phuket (TNDP) Location : Loch Palm Golf Course, Phuket Grade : 3 star Room Capacity: 47 keys Tenure : Freehold Operate/Acquire : 2010 Page 24
Hotel Business Profile Property Location Investment size : : Layana Resort & Spa : Koh Lanta Yai Island in Mu Koh Lanta National Park. About 2 hours of Krabi International Airport. 330.5 Bt Mil. Room Capacity : 50 keys Tenure : Freehold Operate/Acquire: April 2011 Room rate ADR : Bt5,482 Avg. OR : 63% Page 25
Hotel Business Profile Page 26
Hotel Business Profile Page 27
Hotel Business Profile Property : Dusit Thani Maldives, Mudhdhoo island, Baa Atoll Location : Located on Mudhdhoo Island in Baa Atoll. Only 35 minutes from the capital Male by seaplane and 10 minutes by speedboat from the new domestic airport in Baa Atoll. Investment size : 348 Bt Mil. Room Capacity : 100 keys Tenure : Leasehold Operate/Acquire: March 2012 Stake : 30% Page 28
Hotel Business Profile Page 29
Hotel Business Profile Page 30
Hotel Business Profile Page 31
Hotel Business Profile Page 32
Hotel Business Profile Page 33
Hotel Business Profile Company : Royal Orchid Hotel (Thailand) Plc. (ROH) Location : 2 Captain Bush Lane, New road, Bangrak, Bangkok Business : Owns a 726-key hotel at the bench of Chaopraya River managed by Starwood Book Value : Bt614 Mil (at market value as of December 2011) Stake : 29.7% (as of December 2011) Dividend : - Proceeds Page 34
Hotel Business Profile Company Business : Dusit Thani Plc. (DTC) : Owns and manage 16 properties with 4,252 keys in total in Thailand and overseas under its own hotel brands: Dusit Thani, Dusit Princess, dusitd2, Dusit Devarana and Dusit Residence Book Value : Bt362 Mil (at market value as of December 2011) Stake : 11.6% (as of December 2011) Dividend : - Proceeds Page 35
Hotel Business Profile Company : The Erawan Group Plc. (ERW) Business : Owns 15 properties countrywide with 3,347 keys in total and operates under varied international hotel managements namely: Grand Hyatt, JW Marriott, A Luxury Collection, Renaissance, Courtyard, Holiday Inn, Mercure and ibis Book Value : Bt331 Mil (at market value as of December 2011) Stake : 6.3% (as of December 2011) Dividend : - Proceeds Page 36
Hotel Operating Performance Average Occupancy Rate (Percent) 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Patumwan Princess Bangkok (455 keys) 90.57% 74.97% 57.09% 65.11% 59.58% 77.53% Sheraton Krabi Beach Resort (246 keys) 54.99% 43.32% 45.21% 53.40% 42.71% 50.50% Tinidee Hotel Ranong (138 keys) 56.18% 57.88% 62.30% 64.56% 63.56% 48.76% Layana Resort & Spa (50 keys) N/A N/A N/A N/A N/A 58.90% Total Group 74.81% 60.98% 54.33% 61.59% 55.28% 59.50% Average Room Rate (Baht/Room/Night) Patumwan Princess Bangkok 3,038 3,201 2,923 2,825 2,768 2,748 Sheraton Krabi Beach Resort 3,973 4,217 4,274 4,229 3,692 3,382 Tinidee Hotel Ranong 712 692 671 670 638 701 Layana Resort & Spa N/A N/A N/A N/A N/A 4,961 Total Group 2,985 3,004 2,837 2,810 2,575 2,759 Average RevPAR (Baht/Room/Night) Patumwan Princess Bangkok 2,752 2,399 1,669 1,839 1,649 2,131 Sheraton Krabi Beach Resort 2,185 1,827 1,933 2,258 1,577 1,708 Tinidee Hotel Ranong 400 400 418 433 406 342 Layana Resort & Spa N/A N/A N/A N/A N/A 2,922 Total Group 2,233 1,832 1,541 1,731 1,423 1,780 Page 37
Hotel and Tourism Business Revenue Breakdown 390 million baht 489 million baht 1H 2010/11 1H 2011/12 TNDR 7.22% TNDR 6.12% LAYANA 10.72% SKBR 27.58% PPB 65.21% SKBR 24.33% PPB 58.83% Page 38
Golf Business Page 39
Golf Business Profile Property Location Hole : Loch Palm Golf Course (LPGC) : 500 rai of land in Kratu District, Phuket : Standard 18-holes golf course (par 72) Property Location Hole : Red Mountain Golf Course (RMGC) : 600 rai of land in Kratu District, Phuket : Standard 18-holes golf course (par 72) Page 40
Golf Business Profile Property : Riverdale Golf Course (RDGC) Location : 360 rai of land in Muang Pathum Thani District, Pathum Thani. The landscape includes several large lakes, sloping hills and gently rolling fairways. Offer challenging experience and a test to every level of gofer. Hole : Standard 18-holes golf course (par 72) Page 41
Lam Luk Ka Golf Course Location Hole Facilities Stake : 1,500 rai of land in Lam Luk Ka Klong 11, Pathum Thani. : Standard 2 golf courses 36 Holes. 18-Holes East (Championship) Course and 18-Holes West (Resort) Course. : Restaurant, Swimming pool, Locker rooms, Function rooms, Driving range, Chipping green, Putting green and Pro shop : MBK invested 26.4% in common shares or Bt176.4 Mil with intention to increase stake up to 30%. (as of December 2011) Page 42
Lam Luk Ka Golf Course Page 43
Golf Operating Performance LPGC 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 No. of Golfer (Rounds) 52,078 44,873 44,432 39,271 19,580 17,040 Avg. Green Fee per Golfer (Baht) 1,158 1,274 1,303 1,541 1,327 1,496 RMGC 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 No. of Golfer (Rounds) 12,949 15,687 16,624 18,697 7,674 8,784 Avg. Green Fee per Golfer (Baht) 2,526 2,834 2,922 2,934 2,799 2,957 RDGC 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 No. of Golfer (Rounds) N/A N/A N/A 41,901 18,873 15,695 Avg. Green Fee per Golfer (Baht) N/A N/A N/A 1,253 1,135 1,292 Page 44
Golf Business Revenue Breakdown 140 million baht 134 million baht 1H 2010/11 1H 2011/12 RDGC 34.58% LPGC 34.87% RDGC* 28.79% LPGC 35.82% RMGC 30.54% RMGC 35.39% Remark: *RDGC faced flood situation in late 2012 Page 45
Real Estate Development Business Page 46
Existing Residential Project Profile Property : Baan Suan Loch Palm @ Phuket Location : the edge of loch Palm Golf club in Kathu, Phuket. Price : Bt 22 Mil Type : Single Detached House No. of Units : 60 Property Location Price Type No. of Units : 28 : The PANO @ Phuket : Situated in the heart of Loch Palm Golf Course at the 13 th,14 th and 15 th hole area, Phuket : Bt 23.9-51.7 Mil : Single Detached House Page 47
Existing Residential Project Profile Property : The Indy II @ Phuket Location : Kao-kaew, Phuket Price : THB 4.5-12.5 M Type : Single Detached House, Duplex No. of Units : 59 Property : Sabai Village @ Phuket Location : Kathu soi 6, Phuket Price : THB 2-3 M Type : Town house,twin No. of Units : 119 Page 48
Existing Residential Project Profile Property : Sabai Village II @ Phuket Location : Kathu soi 6, Phuket Price : THB 3.5-6.5 M Type : Single Detached House, Duplex No. of Units : 124 Page 49
Existing Residential Project Portfolio As of Dec 2011 Project Name Year Launch Total Project Value (Bt Mil) Total Units Average Unit Price (Bt Mil) % of sold Total Units Remaining Unsold (Units) Remaining Unsold Value (Bt Mil) Baan Suan Loch Palm 2007 748.80 60 12.48 85% 9 112.32 The Indy II 2010 361.67 59 6.13 34% 39 239.07 Pano 2010 1,020.04 28 36.43 0% 28 1,020.04 Sabai Village 2010 271.32 119 2.28 92% 9 20.52 Sabai Village II 2010 500.96 124 4.04 2% 122 492.88 18A (@Loch Palm) 2011 450.20 49 9.19 0% 49 450.20 Riverdale Residence 2011 855.00 44 19.43 0% 44 855.00 Sum 4,207.99 483 8.71 40% 289 3,190.03 Page 50
Existing Residential Project Performance Project Name Presales 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Baan Suan Loch Palm (Units) 14 5 2 1 1 1 (Bt Mil) 123.35 64.78 17.30 8.34 8.34 13.00 Indy I (Units) - 36 3 - - - (Bt Mil) - 126.40 12.71 - - - Indy II (Units) - - 16 4 1 - (Bt Mil) - - 75.49 16.85 4.82 - Sabai Village (Units) - - - 95-19 (Bt Mil) - - - 233.09-43.58 Sabai Village II (Units) - - - - - 10 (Bt Mil) - - - - - 46.90 Total (Units) 14 41 21 100 2 30 Project Name (Bt Mil) 123.35 191.18 105.50 258.28 13.16 103.48 Transfers 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Baan Suan Loch Palm (Units) 25 7 3 2 1 - (Bt Mil) 250.37 103.43 25.66 20.14 8.34 - Indy I (Units) - 36 3 - - - (Bt Mil) - 126.40 12.71 - - - Indy II (Units) - - - 17 15 3 (Bt Mil) - - - 80.21 70.06 12.03 Sabai Village (Units) - - - - - 7 (Bt Mil) - - - - - 17.44 Sabai Village II (Units) - - - - - - (Bt Mil) - - - - - - Total (Units) 25 43 6 19 16 10 (Bt Mil) 250.37 229.83 38.37 100.35 78.40 29.47 Page 51
Finance Business Page 52
Finance Business Profile Company : MBK Guarantee (MBK-G) Location : 8 th floor MBK Center Type : Offering financing against collateral in Bangkok and key tourist provinces with acceptable LTV. Portfolio size : Bt2,245 Mil (as of December 2011) Company : T Leasing (TLS) Location : 5 th floor Thanachart Building, Rama VII Road. Type : Operating motorcycle hire purchase in Bangkok and suburban area. Portfolio size : Bt952 Mil (as of December 2011) Page 53
Finance Business Profile Name : Thanachart Capital Plc. Location : MBK Tower Business : Holding Company of Tbank and other related financial institutions Book Value : Bt3,566 Mil (at market value as of December 2011) Portfolio size : Bt676,790 Mil (as of December 2011) Stake : 9.9% Dividend : Bt67 Mil Proceeds Name Location Business Book Value : Max Asset Management : MBK Tower : Acquire NPA and NPL from financial institutions to manage restructure the collection and foreclose mortgage : Bt337 Mil (under equity method as of December 2011) Portfolio size : Bt921 Mil (as of December 2011) Stake : 16.6% Dividend : - Proceeds Page 54
Other Business Page 55
Other Business Profile Company Location Business Investment Size: Bt45 Mil Stake : 50% : Apple Auto Auction (AAA) : Bangna-Trad Km.4 Rd : Car and motorcycle auction company with genuine on-line auction service Company : X-Gen Premium (X-GEN) Location : Bangkae Business : Motorcycles dealer Investment Size: Bt27 Mil Stake : 100% Page 56
CAPEX Bt mil Business 2012 2013 2014 Total Shopping 362 377 256 995 Hotel 222 125 66 414 Golf 24 27 30 81 Real estate* 370 448 757 1,575 Others 58 1 1 61 1,035 979 1,111 3,125 Note *excl. potential investment in Condo Page 57
Future Projects A community mall next to PDP (50% JV) due to open in late 2012 Residential development in Riverdale Golf Course More Residential Projects in Phuket More Condo Projects in Bangkok Page 58
Financial Highlights Page 59
Ratio Analysis for Shareholders Financial Ratios 2007/08 2008/09 2008/09 (Adj) 2009/10 2010/11 1H 2010/11 1H 2011/12 Operating Profit Margin 40.81% 40.05% 40.05% 33.27% 32.82% 32.32% 34.72% ROE 14.85% 12.64% 14.64% 26.32%* 11.30% 9.22%** 10.98%** ROA 7.49% 5.75% 6.34% 10.82%* 4.70% 4.01%** 4.80%** Dividend Yield 5.96% 7.73% 7.73% 6.94% 5.11% 2.55%^ 2.72%^ Price to book value 1.05 0.76 1.02 0.93 1.26 1.23 1.16 Price to earnings 7.26 6.36 6.36 4.07 11.46 13.07** 10.64** Note: * Including gain on marketable securities sale ** Annualized ^ Interim payment only Page 60
Balance Sheet 30,000 25,000 20,000 20,887 24,654 20,413 26,682 28,430 27,065 Bt Mil 15,000 10,000 10,572 12,456 10,315 12,198 11,181 9,232 14,605 15,790 12,077 12,640 14,205 12,860 5,000 0 2007/08 2008/09 * 2008/09(Adj) 2009/10 2010/11 1H 2011/12 Asset Liabilities Shareholders'Equity Note: *For comparison purpose with previously reported only adjusted real estate investment from fair value to historical cost. Page 61
Income Statement 9000 8000 8,573 8,337 7000 6,282 6,434 2,233 6000 5000 4000 3000 2000 1000 0 2,564 1,402 4,434 6,340 2,577 2,233 2,547 1,308 1,582 2,201 965 2,736 1,293 4,070 4,292 1,316 1,490 567 654 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Total Revenue EBITDA Net Profit Gain on marketable securities sale Page 62
Revenue breakdown 9,000 8,000 7,000 6,000 6,283 6,435 372 586 120 438 337 8,573 2,233 118 426 233 8,337 214 605 298 125 2,547 Gain on marketable securities sale Others Finance Real Estate Rice Golf Hotel & Tourism 5,000 Shopping Center Bt mil 4,000 3,000 2,000 1,000 1,943 171 1,176 1,951 1,865 182 940 2,520 2,215 197 820 2,323 310 952 3,411 4,070 1307 402 140 4,292 158 127 265 319 195 113 1194 498 173 0 1603 1870 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Page 63
Revenue breakdown 1H 2010/11 1H 2011/12 Real Estate 5% Finance 7% Others 4% Real Estate 3% Finance 7% Others 3% Rice Rice 32% Shopping 28% Shopping Center Center 39% 43% Golf 3% Hotel & Tourism 10% Golf 4% Hotel & Tourism 12% Total revenue = Bt4,070 million Total revenue = Bt4,292 Million Page 64
EBITDA Breakdown 4,500 4,434 4,000 Bt mil 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2,564 2,577 259 119 346 75 118 221 52 517 300 1,321 1,594 97 70 52 2,233 345 125 255 1,386 17 26 46 2,736 170 125 118 303 2,000 0.4 20 1,316 1,490 184.8 73 148 29 21 41 143 121 846 1086 Gain on marketable securities sale Others Finance Real Estate Rice Golf Hotel & Tourism Shopping Center -0.7 46 76-7 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Page 65
Operating Profit Margin Operating Profit Margin (%) 60.00% 50.00% 40.81% 40.05% 40.00% 30.00% 33.26% 32.82% 32.32% 34.72% 20.00% 10.00% 0.00% 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 Page 66
Return on Assets and Equity 30.00% 25.00% Bt mil 20.00% 15.00% 10.00% 5.00% 0.00% 14.85% 7.49% 12.64% 14.64% 5.75% 6.34% 17.27% 11.30% 6.72% 4.70% 9.05% 4.10% 9.22% 10.98% 4.01% 4.80% 2007/08 2008/09 2008/09 (adj) * 2009/10 2010/11 ** 1H 2010/11 ** 1H 2011/12 ROA (%) ROE (%) Gain o n marke table securities sale Note: * For comparison purpose with previously reported only adjusted real estate investment from fair value to historical cost. ** Annualized Page 67
EPS 18.00 16.00 14.00 Baht 12.00 10.00 8.00 6.00 9.26 8.64 10.45 8.54 4.00 2.00 6.37 3.74 4.32 0.00 2007/08 2008/09 2009/10 2010/11 1H 2010/11 1H 2011/12 EPS Gain on sales (Marketable securities) Page 68
Dividend 5.00 4.00 3.00 2.00 2.25 2.50 2.50 Ba aht 2.00 1.00 0.00 2.00 2.00 2.25 2.50 2.50 2007/08 2008/09 2009/10 2010/11 1H 2011/12 DPS : interim DPS : final Page 69
Major shareholders As of September 27,2011 Name Number of shares % 1. PATUM RICE MILL AND GRANARY PUBLIC COMPANY LIMITED GROUP 49,924,953 26.47% PATUM RICE MILL AND GRANARY PUBLIC COMPANY LIMITED 47,424,953 25.14% PRG. GRANARY COMPANY LIMITED 2,500,000 1.33% 2. THANACHART CAPITAL PUBLIC COMPANY LIMITED GROUP 37,537,209 19.90% THANACHART CAPITAL PUBLIC COMPANY LIMITED 18,856,209 10.00% THANACHART LIFE INSURANCE CO.,LTD. 7,684,200 4.07% THANACHART SECURITIES PUBLIC COMPANY LIMITED 7,560,300 4.01% THANACHART INSURANCE CO.,LTD. 3,436,500 1.82% 3. STATE STREET BANK AND TRUST COMPANY FOR AUSTRALIA 7,050,900 3.74% 4. NORTRUST NOMINEES LTD. 6,643,200 3.52% 5. MR.YONGSAK KANATHANAVANICH 4,421,400 2.34% 6. DBS BANK A/C DBS NOMINEES-PB Clients 3,598,400 1.91% 7. AMERICAN INTERNATIONAL ASSURANCE COMPANY, LIMITED-APEX 3,086,400 1.64% 8. THAI NVDR CO.,LTD 3,009,100 1.60% 9. THANACHART EMPLOYEE SAVINGS AND CREDIT COOPERATIVES.,LTD 3,000,000 1.59% 10. MS. SINEE THIENPRASIDDHI 2,550,233 1.35% Page 70
Thank You For further enquiries, Contact MBK Investor Relations : E-mail : inv@mbk-center.co.th Tel : (66 66)2620-7120 Website : www.mbk-center.co.th Page 71