3Q23 Corporate Presentation
DISCLAIMER
The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Central Pattana Public Company Limited ("Central Pattana, "CPN" and shares in CPN, "shares") in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.
This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which Central Pattana operates and general achievement of Central Pattana business forecasts, which will cause the actual results, performance or achievements of Central Pattana to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.
This presentation has been prepared by the Central Pattana. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the Central Pattana or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes.
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AGENDA
Company Overview
2023 Strategy
3Q23 Business Update
Announced project pipeline
Financial Performance
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COMPANY OVERVIEW
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CENTRAL GROUP STRUCTURE
CPN is the property development arm of Central Group, the largest retail conglomerate in Thailand
(est 1980)
(est 1956)
(est 1980)
Owner, developer, and manager of | Multi-format retail operators | Owner, developer, and manager of hotel |
retail-ledmixed-use development | chains and operator of chain restaurants |
Fashion
Hardline
Food
Property
Health & Wellness
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CPN AT A GLANCE
A top regional retail-led diversified property developer
56 | 38 | Shopping Malls | ||||
17 | Community Malls | |||||
Retail | Super-regional | |||||
Majority of | Projects | 1 | ||||
(JV investment) | ||||||
asset base | ||||||
10 | 30 | 8 | ||||
1 Retail Prop. | Offices | Residential | Hotels | |||
*Notes: Assets under CPNREIT and CPNCG included | ||||||
Solid financial performance and robust
capital structure to support growth
Residential 8%
Hotel 3%
Office 4%
37.60.82
bn THB | times | |
Retail 86% | ||
2022 Total revenue | 2022 Revenue | 2022 Net IBD/E |
+47%YOY | contribution |
More than 40 years as industry leadership in Thailand
2.390% 9
Including community malls | parent co. of |
listed prop. developers
Strategic investments in REIT, prop fund and business collaborations with industry leaders
30% 25%
12 projects includes | Central World |
Retail, Office and | Offices |
Hospitality |
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MARKET LEADERSHIP IN THAILAND
MARKET SHARE
Hypermarket 29%22%
5%
5% The Mall
3% Siam Piwat
37%
Others
As of Dec 2022, based on retail GLA of 15.1m sqm
Chiangmai | 1 | Central Pattana's shopping malls are in 21 strategic provinces |
Chiangrai | ||
Lampang | nationwide, residential projects and hotels will continue to be | |
Phitsanulok | added to create "Centre of Life" destinations |
(5 provinces)
- Khonkaen
Nakhon Ratchasima
Udonthani
Ubonratchathani
- Ayutthaya
Chonburi 2 | 16 |
Si Racha | |
Rayong | 15 |
Chanthaburi | |
Phuket 3
Suratthani 4
- Hatyai
- Nakhon Si Thammarat
Mall only
Note:
Bangkok Metropolitan Area include operational shopping malls, namely at 1) Lardprao ; 2) Ramindra ; 3) Pinklao ; 4) Rama 3 ; 5) Bangna ; 6) Rama 2 ; 7) Central World ; 8) Rattanathibet ;
-
Chaengwattana ; 10) Rama 9 ; 11) Salaya ; 12) Westgate ; 13) Eastville ; 14) Mahachai, 15) Central Village 16) Esplanade Ratchada; and announced future projects namely Westville, Dusit Central Park
1. Chiangmai includes 2 shopping malls: Central Chiangmai Airport and Central Chiangmai
2. | Chonburi includes 3 shopping malls: Central Marina, Central Pattaya and Central Chonburi | 7 |
3. | Phuket includes 2 shopping malls: Central Phuket Floresta and Central Phuket Festival (both under the same complex "Central Phuket") | |
4. | Suratthani includes 2 shopping malls: Central Suratthani and Central Samui |
COMPLETING A PLACEMAKER ECOSYSTEM
2016-2017
2018
2019
2020
2021
2022
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9
LEADER IN RETAIL MIXED-USE DEVELOPMENT
"Hi g h e r & m o r e su st a i n abl e g r o wt h t h r o u g h m i x e d - u se d e v e l o p m e n t"
TRADITIONAL ASSET MODEL
#1 Retail developer
ResidentialHotel
Retail
Office
Focus on retail development with
few non-retail projects
CURRENT ASSET MODEL
#1 retail-ledmixed-use developer
CPN | CPN Owned |
Residences | Hotels |
CPN | |
Malls | |
Central | New Assets |
Offices | & Services + |
Omnichannel | |
Platform |
Accelerated expansion of non-retail
and integration of uses around Retail to create Centre of Life
Bt bn | Rental revenue |
40 | |
30 | |
20 | |
10 |
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Bt bn | Total revenue excl food court |
40 |
30
20
10
-
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Rental revenues | Hotel revenues | Residential revenues | 10 | ||
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Disclaimer
Central Pattana pcl published this content on 16 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2023 05:17:08 UTC.