SC 2Q21 Opportunity Day
Transcript of SC 2Q21 Opportunity Day
OPPORTUNITY DAY 2Q21
Presented by
29 SEPTEMBER 2021
PRADTHANA PATSAMANChief F inancia l Off icer
SC ASSET CORPORATION PLC .
Our mission is to Make every morning a
âGood Morningâ For every customer By designing thoughtful living solutions and co-creating better value for all
Our-Philosophy
āļŠāļĢāđāļēāļāļāļļāļāđāļāđāļēāļāļĩāđāļāļĩ āđāļāļ·āđāļāļĨāļđāļāļāđāļēāļāļļāļāļĢāļēāļĒ
āđāļ āļĢāļāļŠāļĢāđ āļē āļāļāļļ āļĢ āļāļī āļāđāļĨāļ°āļŠāļą āļāļŠāđ āļ§āļ āļĢ āļēāļĒ āđāļāđ āļāļāļāļāļĢāļī āļĐāļą āļ
S I N G L E D E TA C H E D H O U S E TO W N H O M E & H O M E O F F I C E C O N D O M I N I U M O F F I C E S PA C E S H O T E L S SERVICE
APARTMENTS
S H I N AWAT R A TO W E R 1
S H I N AWAT R A TO W E R 2
S H I N AWAT R A TO W E R 3
S C TO W E RSC ALPHA INC.
LANDED : CONDO 70% : 30%
āļāļļāļĢāļāļīāļāļāļąāļāļāļēāļāļŠāļąāļāļŦāļēāļĢāļīāļĄāļāļĢāļąāļāļĒāđāđāļāļ·āđāļāļāļēāļĒ95 %
āļāļļāļĢāļāļīāļāļāļąāļāļāļēāļāļŠāļąāļāļŦāļēāļĢāļīāļĄāļāļĢāļąāļāļĒāđ āđāļāļ·āđāļāđāļāđāļēāđāļĨāļ°āļāļēāļĢāļĨāļāļāļļāļ
5 %
3
āļāļĨāļĒāļļāļāļāđāļāļĢāļīāļĐāļąāļ āļāļĩ 2 0 2 1 - 2 0 2 3
Focus on Strong Core Bus iness but open for new oppor tun i t i e s
COVID-19 Pandemic Cris is After the Pandemic Cris is
āļāļēāļāļāļĩāļĄāļāļļāļ
āļāļĢāđ āļāļĄ āđāļāļī āļ āđāļāļāļĒāđ āļē āļāļĄāļąāđ āļ āļ āļāļāļą āļāļāļĩ āđ āļĄāļ·āđ āļ āļ§āļī āļāļĪāļāļī āļāļ
āļĢāļēāļĒāđāļāđāļĄāļēāļāļāļ§āđ āļē 20 ,000 āļĨāđ āļēāļāļāļēāļ
& āļŠāļąāļāļŠāđāļ§āļāļāļģāđāļĢāļāļēāļ recurring income āļāļ°āļĄāļēāļāļāļ§āđāļē 1 āđāļ 3
Capital People Infrastructure
F U L L Y - L O A D E D
2 0 2 1 - 2 0 2 2
G R O W
~ 2 0 2 3 o n w a r d s
4
SC TARGET 2021
5
20,00019,000MILLION BAHT MILLION BAHT
P R E S A L E SR E V E N U E S
6
āļāļĩāļāļĩāđāđāļāđāļāļāļĩāļāļĩāđāļāđāļēāļāļēāļĒ āđāļĢāļēāļĄāļąāđāļāđāļāļ§āđāļē āļŠāļēāļĄāļēāļĢāļāļāļĢāļąāļāļāļąāļ§āđāļāđāļĢāļ§āļāđāļĢāđāļ§ āđāļāļ·āđāļāļĢāļąāļāļĄāļ·āļāļāļąāļāļāļ§āļēāļĄāļāļąāļāļāļ§āļāđāļāđ
āđāļāļāļļāļāļ§āļīāļāļĪāļāļīāļĒāđāļāļĄāļĄāļĩāđāļāļāļēāļŠāđāļŠāļĄāļ āđāļĢāļēāļĄāļąāđāļāđāļāļ§āđāļēāļāļ°āđāļāđāļāļāļĩāļāļāļĩāļāļĩāđāļŠāļģāđāļĢāđāļāļāļēāļĄāđāļāđāļēāļŦāļĄāļēāļĒ āļ āļēāļĒāđāļāđāļāļēāļĢāļāļĢāļąāļāļāļąāļ§āļĒāļ·āļāļŦāļĒāļļāđāļ
âāļŠāļīāļāļāđāļēāļāļĢāđāļāļĄ āļāļēāļĢāđāļāļīāļāđāļāđāļāđāļāļĢāđāļâ
S C 2 0 2 1
SC UPDATE
2Q21 & 1H21
1 H 2 1 H I G H L I G H T S
8
Landed CondoLanded
1 H 2 1 H I G H L I G H T S
9
New High
(For Sales : 95%) (For Rent : 5%)
Operating Revenues :
8,715 MB
1H 2021 Highlights
New High
1H 2021 Highlights
āļāđāļēāļāļāļēāļĒāļāļĩāļāļļāļāļĢāļēāļāļē
Landed : 6,825 MB
Revenue from Sales :New High
New High
#SC āļ āļē āļĢ āđ āļāļī āļ āđ āļāđ āļ āđ āļ āļĢāđ āļ #SC āļ āļē āļĢ āđ āļāļī āļ āđ āļāđ āļ āđ āļ āļĢāđ āļ
SC PERFORMANCE
11
O P E R AT I N G R E V E N U E S
Unit : MB2Q21 : 4,759 MB 1H21 : 8,715 MB
2Q20 1Q21 2Q21
4,546
(96%)
4,7593,956
1H20 1H21
(95%)
4,569
7,431
(94%)
8,715
8,285
+4% YoY +20% QoQ
+11% YoY
Revenue from Sales Revenues from Rental & Services
3,7394,360
(95%)(95%)
+11% YoY
+11% YoY
+4% YoY+20% QoQ
+4% YoY+22% QoQ
7,861
12
G R O S S P R O F I T
%GP Rental & Services (%)%GP Property from Sale (%) %GP Consulting (%)Gross Profit Margin (%)
55%54%52%111
29%29%30%
2Q20 2Q211Q21
63%
29%
64%
29%
64%
30%
54%55%11
29%31%
1H211H20
63%
31%
64%
29%
30.5%31.2%31.1% 30.8%32.5%
2Q21 : 1,453 MB 1H21 : 2,686 MB+2% YoY +18% QoQ
+5% YoY
13
N E T P R O F I T , S G & A
2Q21 : 520 MB 1H21 : 937 MB+14% YoY +25% QoQ
+24% YoY
2Q20 1Q21 2Q21 1H20 1H21
520757
937
417456
10.0%10.9%
10.5%%NPM
9.6%
10.7%
+24% YoY
+14% YoY+25% QoQ
17.8% 16.3%17.2% 16.7%19.4%%SG&Ato Operating Rev.
NET PROFIT(MB)*Equity holder of the Company
14
F I N A N C I A L P O S I T I O N
Unit : MB
Tota l Assets (MB)
Tota l L iabi l i t ies (MB)
Tota l Equi t ies (MB)
ROA (%)
ROE (%)
D/E ( Time)
IBD/E ( Time)
EPS (Baht)
Book Value (Baht)
30 Jun 21 Diff31 Dec 20 % YoY
46,827
27,952
18,875
2,508 +6%
2,276 +9%
233 +1%
4.47%
11.42%
1.48
1.24
0.2238
4.51
Net Profit / Avg. Total Asset
44,319
25,676
18,643
4.24%
10.49%
1.38
1.14
0.4541
4.46
* EPS (12M) = 0.4961
* (6M)
a s o f 3 0 J u n e 2 0 2 1
PROPERTY FOR SALES
16
1H21 : 2 NEW LAUNCHED 2,300 MB
S C O P E P R O M S R I
Launched : Marâ21148 Units / 1,000 MB
BANGKOK BOULEVARD SIGNATURE PETCHKASEM - PINKLAO
59 Units / 1,300 MB
Launched : May â21
Size : 351-521 Sq.m
āļāđāļēāļāļŦāļĢāļđ āļŠāđāļāļĨāđāđāļĄāđāļāļīāļĢāđāļ
āļāļāļāļĩāđāļāļīāļāđāļĢāļīāđāļĄāļāđāļ 100 āļāļĢ.āļ§āļē
PETCHKASEM - PINKLAO
P R O M S R I
Start : 6.3 - 8.8 MB (~235K / Sq.m)
Size : 1B (28-34 Sq.m)
Start : 20-30 MB
PAVE Rangsit
PAVE Prachautid 90
VENUE Tiwanon - Rangsit
GRAND BANGKOK BOULEVARD Sukhumvit
HEADQUARTER Ekamai - Ladprao
SALADAENG One
VERVE Rama 9
7 PROJECTS SOLD OUT IN 1H21
17
18
Unit : MB2Q21 : 4,546 MB 1H21 : 8,285 MB
2Q20 1Q21 2Q21
3,587
(79%)
4,5463,739
1H20 1H21
(82%)
4,360
5,540
(75%)
8,285
6,825
+4% YoY +22% QoQ
+11% YoY
3,2373,711
(87%)(85%)
+23% YoY
+11% YoY
+4% YoY
+22% QoQ
-3% YoY
+11% QoQ
7,431
R E V E N U E F RO M S A L E S
Landed Revenues Condo Revenues
1,460
959
1,891
502649
19
Unit : MB2Q21 : 5,639 MB 1H21 : 11,338 MB
2Q20 1Q21 2Q21
4,784
(85%)
5,6395,700
1H20 1H21
(83%)
6,220
7,720
(94%)
11,338
9,390
-9% YoY -1% QoQ
+38% YoY
4,6065,652
(81%)(91%)
+22% YoY
+38% YoY
-9% YoY
-1% QoQ
-15% YoY
+4% QoQ
8,202
P R E S A L E S
Landed Presales Condo Presales
1,948
854
482
1,094568
Note : All time high for 1H21 Presales & Landed Presales
+304% YoY
20
1H21 : SC MARKET SHARE OF SDH
*Source : Agency for Real Estate affairs (AREA) : Bangkok and Vicinity Area
No.2
13%
F Y 2 0 2 0 # N o . 4 ( 1 0 % )
91%
9%
TOTAL SDH
F Y 2 0 2 0 # N o . 2 ( 1 7 % )
85%
15%
SDH >10 MB
No.2
60% of TOTAL PRESALES
F Y 2 0 2 0 # N o . 1 ( 2 4 % )
82%
18%
SDH >20 MB
No.1
21
8,557 MB
4,560
(53%)
3,997
(47%)
Y2021 Y2022As of 30 Junâ21
4,560
827
63%
5,387
]37%]
3,170
Note : Foreign Customer = 11% of total backlog (Chinese Customer 4%)
Landed
Condo
PA R K R E S I D E N C E S
L A NGSUAN
P ROMSR I
B A C K LO Ga s o f 3 0 J u n e 2 0 2 1
22
C A S H PAY M E N T & BA N K R E J E C T
C A S H PAY M E N T
2018 2019 2020 1H21
28%32%31%30%
B A N K R E J E C T I O N
2018 2019 2020 1H21
9.4%14.8%13.2%
10.3%
TOTAL % BANK REJECTION : 8.6% 11.6%6.9% 6.8%Landed :
Condo :
25%
45%
21%
52%
25%
57%
26%
37%
LANDED PROJECT
23
4 CONDO READY-TO-MOVE IN
425 units/ 8,400 MB 197 units/ 3,800 MB 261 units/ 1,500 MB 487 units/ 1,850 MB
R A T C H A Y O T H I N O N N U T S T A T I O N
Value Remaining : ~6 ,000 MBa s o f 3 0 J u n e 2 0 2 1
52% Sold 85% Sold 71% Sold 78% Sold
INCOME PROPERTY
25
PROPERTY DEVELOPMEMT FOR RENTAL & SERVICES
6 Off ice Buildings comprised the total rentable space of 119,385 sq.m. with overall occupancy 92%
ST 2 ST 3 SC Tower
21,813 sq.m.Rentable Area :
Occupancy Rate :
(Freehold) (Freehold) (Freehold) (Leasehold)
99%16,220 sq.m.
97%
54,313 sq.m.
84%12,250 sq.m.
97%
a s o f 3 0 J u n e 2 0 2 1
F Y 2 0 2 0 # 8 8 %
ST 1
(Freehold)
26
Unit : MB2Q21 : 213 MB 1H21 : 430 MB
2Q20 1Q21 2Q21
197
213217
1H20 1H21
209
393
430
396
+2% YoY -2% QoQ
+0.1% YoY
199192
429
REVENUE FROM RENTAL & SERVICES
Rental and Rendering Services Consulting and Management Services
+0.1% YoY
OUTLOOK
2H21
H o m e i s E v e r y t h i n g
2 H 2 1 S C O U T LO O K
: Debenture issued #3/2021, 1,200 MB, 3 years, coupon rate 3%
âĒ Keep Growing steadily in Landed Properties
28
Conf ident to achieve targets
âĒ 8 New Projects Launched ; 11,400 MB
âĒ Strong Liquidity and Financial Stability
âĒ Land Acquisition 10,000 MB for future projects
: New Series LANAI ; âwork from home more productiveâ
2 H 2 1 TOTA L P R O J E C T S F O R S A L E : 4 3 , 0 0 0 M B
66%
34%CONDO
LANDED
Landed Condo
61 Projects43,000 MB
52 Landed 9 Condo
29
Value 31,600 MB Value 11,400 MB Value 43,000 MB
LANDED CONDO
5,640 MB
DONMUEANG CHAENGWATTHANA
RAMKHAMHAEMG - WONGWAEN
RAMA 5
B A N G N A - S R I N A KA R I N
WESTGATE
SAIMAI - PHAHOLYOTHIN
RAMINTRA- WATHACHARAPOL
PA R K R E S I D E N C E S
3Q21 4Q21
3 1 LANDED45,760 MB
2 H 2 1 : 8 N E W P R O J E C T S L A U N C H E D 1 1 , 4 0 0 M B
30
3 Q 2 1 : N E W P R O J E C T S L A U N C H E D
DONMUEANG - CHAENGWATTHANA
31
Total Units : 103 Units
Start : 10 - 20 MB
Total Value : 1,300 MBFunctional Area : 231 - 350 Sq.m
New Ser ies : LANAI
DONMUEANG - CHAENGWATTHANA
Launched : Sepâ21
: THE OPEN WORKSPACE: āđāļāļ·āđāļāļĄāļāđāļāļŦāđāļāļāļāļģāļāļēāļāļāļąāļāļāļĢāļĢāļĄāļāļēāļāļī: āļāļēāļĢāļāļģāļāļēāļāļāļēāļāļāļĩāđāļāđāļēāļ āļāļ°āļĄāļĩāļāļĢāļ°āļŠāļīāļāļāļīāļāļĨāļĄāļēāļāļāļķāđāļ
LANAI Concept
3 Q 2 1 : N E W P R O J E C T S L A U N C H E D
32
SAIMAI - PHAHOLYOTHIN
āļĢāļāļāļĢāļąāļāļāļēāļĢāļāļĒāļđāđāļāļēāļĻāļąāļĒāđāļĨāļ°āļāļēāļĢāļāļģāļāļļāļĢāļāļīāļ
āđāļŪāļĄāļāļāļāļāļīāļĻāļāļāļāļāļāļĢāļļāđāļāđāļŦāļĄāđ āļāļāļāļģāđāļĨāļŠāļēāļĒāđāļŦāļĄ āļāđāļ§āļĒāļāļĩāđāļāļāđāļŠāļļāļāđāļāđ āļŠāđāļāļĨāđ Modern Loft
āđāļŦāđāļāļļāļāļŠāļĢāđāļēāļāļŠāļĢāļĢāļāđ Idea āļāļĒāđāļēāļāđāļĢāđāļāļĩāļāļāļģāļāļąāļ āđāļāļīāļāļāļēāļāļĢāļ§āļāđāļĢāđāļ§āļĒāļīāđāļāļāļķāđāļ āļāđāļ§āļĒāļĢāļāđāļāļāđāļē
āđāļ§āļīāļĢāđāļāđāļāļĨāļŠ āļŠāļēāļĒāđāļŦāļĄ - āļāļŦāļĨāđāļĒāļāļīāļ āđāļāļĨāļāļāļāļĢāđāļĄāļāļ§āļēāļĄāļŠāļģāđāļĢāđāļāļāļĩāđ āđāļāđāļāđāļāđāļāđ
Total Units : 8 Units
Launched : Julâ21Start : 7.49 - 9 MB
Total Value : 60 MBFunctional Area : 235 Sq.m
3 Q 2 1 : N E W P R O J E C T S L A U N C H E D
33
Total Units : 244 Units
Launched : Sepâ21Start : 3.89 - 7 MB
Total Value : 1,180 MBFunctional Area : 112-161 Sq.m
āļāļēāļ§āļāđāđāļŪāļĄ āļŠāđāļāļĨāđ Modern Loft āļāļĩāđāđāļŠāđāđāļāđāļ āļāļļāļāļĢāļēāļĒāļĨāļ°āđāļāļĩāļĒāļ āļāļąāļāļāļĩāđāļāļāđāļŦāļāđāļēāļāļ§āđāļēāļ 7 āđāļĄāļāļĢ
āļāļĢāđāļāļĄāđāļāļāļēāļāļŠāļđāļāļāļ§āđāļē 5.1 āđāļĄāļāļĢ āđāļĨāļ° Facilities āļāļĩāđāļāļĢāļāļāļđāļāđāļāđāļāļ§āļāļīāļāļāļĢāļĢāļĄ
āļāļāļāļģāđāļĨāđāļāļĨāđāļĢāļāđāļāļāđāļē āđāļāļĩāļĒāļ 1 āļāļĄ.
RAMKHAMHAENG - WONGWAEN
āļāļĩāļ§āļīāļāļāļĩāđ āđāļ§āļīāļĢāđāļ āđāļŦāđāļāļĢāļāļāļļāļāđāļāļ§
āļāļĢāļĩ āđ āļĄāļĩāđ āļĒāļĄāļāļēāļ§āļāđ āđ āļŪāļĄ āļŦāļāđ āļēāļāļ§āđ āļē āļ 7 āđ āļĄāļāļĢ
3 Q 2 1 : N E W P R O J E C T S L A U N C H E D
34
PARK RESIDENCES
Total Units : 420 Units
Launched : Sepâ21
Start : 4.99 - 16 MB
Total Value : 3,100 MB
āļāļāļāđāļāļŦāļĢāļđ āđāļāļĢāļāļāļēāļĢāđāļŦāļĄāđāđāļāļĨāđāļŦāđāļēāđāļĒāļāļĨāļēāļāļāļĢāđāļēāļ§ (BTS āļŦāđāļēāđāļĒāļāļĨāļēāļāļāļĢāđāļēāļ§ / MRT āļāļŦāļĨāđāļĒāļāļīāļ)
Room Type : 1B (start 31 Sq.m), 2B (start 71 Sq.m)
S C Re s i l i e n t i n 2 0 2 1 : S i t e V i s i t
S C C o n d o V i r t u a l A s s i s t a n tāļāļĄāļāļāļāđāļāđāļāļ 360 āļāļāļĻāļē āđāļŠāļĄāļ·āļāļ Walk in
Dr ive Thru āļāļđāļāđ āļēāļ SC
35
S C C A R E
āļāļĢāļīāļĐāļąāļāđāļāđāļ§āļēāļāļĄāļēāļāļĢāļāļēāļĢāđāļāļīāļāļĢāļļāļ āđāļāļĒāļĒāļāļĢāļ°āļāļąāļ āļāļēāļĢāļāļđāđāļĨāļāļāļąāļāļāļēāļāđāļĨāļ°
āļāļĢāļāļāļāļĢāļąāļ§āļāļāļąāļāļāļēāļāļāļ§āļāļāļđāđāļāļąāļāļāļēāļĢāļāļđāđāļĨāļāļđāđāļāđāļē āļāļĢāđāļāļĄāļāļąāđāļāļāļđāđāļĨāļŠāļąāļāļāļĄāđāļāļĨāđāļāļāļāđāļāļĢāđāļĨāļ°āļāļļāļĄāļāļāļĢāļāļāļāđāļēāļ
āđāļāļ·āđāļāđāļŦāđāđāļāļīāļāļŦāļāđāļēāļāļĒāđāļēāļāđāļāđāļāđāļāļĢāđāļāđāļāļāđāļ§āļĒāļāļąāļ āļĢāđāļ§āļĄāļāļąāļāļāļąāļāđāļāļĨāļ·āđāļāļāļāļļāļĢāļāļīāļāđāļāļāđāļ§āļāļāļĢāļķāđāļāļāļĩāļŦāļĨāļąāļāđāļĨāļ°
āđāļāļāļāļēāļāļ āđāļāļ·āđāļāđāļŦāđāļŠāļģāđāļĢāđāļāļāļēāļĄāđāļāđāļēāļŦāļĄāļēāļĒ
36
āļāļāļąāļāļāļēāļ SC ASSET āļāļąāđāļāļŦāļĄāļ āđāļāđāļĢāļąāļāļ§āļąāļāļāļĩāļāļāļĢāļ 2 āđāļāđāļĄāđāļĨāđāļ§
3 0 - d ay C o n s t r u c t i o n c a m p c l o s u r e
āļāļĢāļīāļĐāļąāļāđāļāđāđāļŦāđāļāļēāļĢāļŠāļāļąāļāļŠāļāļļāļāļāļđāđāļāđāļē āļāđāļ§āļĒāļāļēāļĢāļāļđāđāļĨāļāđāļ§āļĒāđāļŦāļĨāļ·āļāđāļĢāļāļāļēāļāļāļąāđāļāļāļāđāļāļĒ
āđāļĨāļ°āđāļĢāļāļāļēāļāļāđāļēāļāļāļēāļāļī āđāļāđāļ āļāļēāļĢāļŠāđāļāļĄāļāļāļāļļāļāļĒāļąāļāļāļĩāļ
āļāļēāļĢāļāļĢāļąāļāļāļĢāļļāļāđāļāļĄāļāđāļāļāļāļēāļ āđāļĨāļ° āļāđāļ§āļĒāļāļđāđāļĨāļŠāļ āļēāļāļāļĨāđāļāļāļāļāļāļāļđāđāļĢāļąāļāđāļŦāļĄāļē
āļĢāļ§āļĄāļāļąāđāļāļāļĢāļ°āļŠāļēāļāļāļēāļāđāļŦāđāļĢāļ°āļāļāļŠāļēāļāļēāļĢāļāļŠāļļāļ āđāļāđāļēāļāļķāļāđāļĢāļāļāļēāļāđāļāļāļļāļāđāļāļĢāļāļāļēāļĢ āđāļĨāļ°
āļāđāļ§āļĒāļāļđāđāļĨāļāļąāļāļŦāļēāļ§āļąāļāļāļĩāļāđāļŦāđāļāļąāļāđāļĢāļāļāļēāļāļāđāļāļŠāļĢāđāļēāļ
S C C A R E
37
1H21 SECURED REVENUES
38
Data as of 30 June 2021
1H21
8,715 MB
Backlog
New Sales
IP
46%
>70%
Secured Rev.
Unit : MB
FY2021
TARGET 19,000
L a n d e d
C o n d o
I P
75%
20%
T H A N K YO U & Q A
Stay Safe & Healthy
Further more information, please visit www.scasset.com or contact IR E-mail : [email protected] Tel : 662-949-2344, 662-949-2969 âSome Statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as âmayâ, âwillâ, âexpectâ, âanticipateâ, âintendâ, âestimateâ, âcontinuesâ, âplanâ, or other similar words. The statements are based on our managementâs assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statementsâ