AMATA VN Public Company Limited Welcome to Opportunity Day Financial Performance Results for the 3 months period ended March 31, 2018
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
Amata VN Overview 1Q-2018 Financial Results Looking Ahead Appendix
Key Milestones 1994 2007 2012 2015 2016 2018 Initial Investment in Vietnam Established Amata (Vietnam) Joint Stock Company and received Investment Certificate to develop first 100 ha Received Investment Certificate for Amata Commercial Complex with total area of 19.07 ha Group restructuring and establishment of Amata VN Public Company Limited Received 1 st Investment Certificate for 410 ha Hi-tech Industrial Estate under ACLT IPO and listing on the Stock Exchange of Thailand Received Investment certificate for 107 ha Service Township Project ACLT Received Investment certificate for 753 ha Mega Township Project under ATLT Received Investment Certificate for 714 ha 1 st phase of Amata City Halong 4
Project Overview Amata City Bien Hoa Bien Hoa City, Dong Nai Province 7 km 2 Amata City Long Thanh & Amata Township Long Thanh Long Thanh City, Dong Nai Province 13 km 2 Amata City Halong v Halong City, Quang Ninh Province 58 km 2 5
Group Shareholding Structure 73.2% Amata City Bien Hoa JSC 90% 65% 35% Amata City Long Thanh JSC Amata Township Long Thanh JSC Amata City Halong JSC 93.5% 100% 100% Amata City Bien Hoa Hi-Tech Industrial Park Service Township Mega Township Amata City Halong 6
Amata VN Overview 1Q-2018 Financial Results Looking Ahead Appendix
Revenue Breakdown by Business Type [2014 1Q2018] Total Revenue (THB mn) 8
Analysis of Change on Revenue Unit : M. THB + 175% Overall 9
Revenue Breakdown 1Q-2017 1Q-2018 10 *Land Sales : Recurring 28% : 72% *Note: Proportion of Land Sales and Recurring Income is excluding other incomes. *Land Sales : Recurring 75% : 25%
Real Estate Sales Land Sales: Revenue & Growth (%) Pre-Land Sale and Land Transfer Note: 1 Hectare = 6.25 Rai 11
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
Operating Results Summary 14
Operating Results Revenue and Gross Margin 15
Operating Results Revenue and Gross Margin 16
Financial Performance Avg 2017 (3M) Evolution 3M 2017 3M 2018 Evolution (Million Baht) % (Million Baht) (Million Baht) % Revenue 293 +57% 167 459 +175% Operating profit reported 137 +57% 22 216 +901% Financial Expense 2 4 4 Income Tax Expense 29 13 60 Net Profit 106 5 152 Net Profit (after deduct MI) 92 +44% 2 133 +6520% Net Profit (after deduct MI) in % 32% -3 pts 1% 29% +28 pts 17
Balance Sheet Unit: Million Baht Current Ratio Debt-to-Equity Return on Equity Return on Assets Note: Interest bearing debt to equity : 0.8x 18
Cash Flow Statement 19
Amata VN Overview 1Q-2018 Financial Results Going Forward Appendix
Continuous Growth of Vietnam 2018 Economic Figures FDI first 4 months 2018 $8.1 bn GDP 7.53% 1 st Quarter 2018 93.7 million people Top 10 provinces Top 10 countries Japan South Korea Singapore China Hong Kong Netherlands Thailand USA British Virgin Germany Vietnam maintain strong economic figures: FDI US$ 8.1 billion GDP year on year growth in 1 st quarter 7.53% Dong Nai and Quang Ninh in top 10 province for FDI Japan still lead the way for FDI 21
Amata City Halong Overview Grantor Quang Ninh Economic Zone Authority (QEZA) Total Area Expected 5,789 hectares or 36,000 rais Current Approved Area 714 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 Strategic Location ACHL 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 22
Project Updates Amata City Bien Hoa Investment Certificate approval process of new phase on schedule Transfer of back log as expected Amata City Long Thanh Land process ongoing, expected land hand over and start development as schedule mid of this year Target preland sales within end of 2018 Amata City Halong Investment Certificate obtained, next step is start investment in land Economic Zone approval process ongoing 24
Highlights for the Period Investment Certificate of Amata City Halong Securing IC for 1st phase start of expansion to north and source of future growth for group Vietnam maintain strong economic figures GDP growth 7.53%, strong FDI of $8.1 bn Strong performance of ACBH Land transfer of back log as expected 2018 target within sight Development of new areas All new projects are on schedule; ACBH new phase, ACLT develpment 25
Amata VN Overview 1Q-2018 Financial Results Going Forward Appendix
Customer Profile By Industry By Nationality *Updated March 2018 27
Amata City Bien Hoa Grantor Total Granted Area Current Approved Area Project Description Dong Nai Industrial Zone Authority (DIZA) 700 hectares or 4,375 rais 513 hectares or 3,206 rais 2 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 1 CAI MEP PORT 7 8 Strategic Location 0 km 5 km 20 km 30 km 33 km 35 km 50 km 65 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 Vung Tau Port 1 2 3 4 5 6 7 8 28
Amata City Long Thanh & Amata Township Long Thanh Grantor Total Granted Area Project Description Dong Nai Industrial Zone Authority (DIZA) 1,252 hectares or 7,825 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 1 3 4 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 6 2 CAI MEP PORT 7 8 Strategic Location 25 km 20 km 10 km ACLT 0 km 20 km 27 km 30 km 40 km 55 km Bien Hoa City Long Thanh Airport Dau-Giay Expressway Ho Chi Minh City Tan Son Nhat Airport Cat Lai Port Cai Mep Port Vung Tau Port 1 2 3 4 5 6 7 8 29
Amata City Long Thanh & Amata Township 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 107 ha 107 ha LONG THANH DAU GIAY HIGHWAY 30
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 31