Siam Future Development PLCSiam Future Development PLC
2
Presentation Outline
Company Profile
Business Model
Property Portfolio
Project Financing Model
Industry Outlook
Q&A Session
3
COMPANY PROFILE
4
About Siam Future
A young company specializing in retail business real estate development21% own by Major Cineplex (#1 movie screen in Thailand)40% own by management95% occupancy rate for the last 10 years
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FAQ Facts
Founded : 1994
Employee : 50
Rental Space (End of Y2005) : 96,836 sq.m.
End of Y2006 : 187,119 sq.m.
Number of Shopping Centers (End of Y2006) : 27
Market Cap (market price = 7.25 baht/share) : 3 Billion Baht
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BUSINESS MODEL
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Business Model
TOTAL Rental Space 209,416 sq.m.
Retail Real EstateConvenience CenterNeighborhood CenterLifestyle centerCommercial CenterUrban Entertainment Center
28 %58,378 SQ.M.
63 %131,498 SQ.M.
9 %19,540 SQ.M.
Siam Future Development PLC.
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Gloss Leasable Area (GLA) Summary
3 PROJECTS UNDERCONSTRUCTION
GLA 74,583 SQ.M.
25 EXISTING PROJECTS
GLA 134,833 SQ.M.
TOTAL GLA 209,416 SQ.M.
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SF PortfolioType of 2004 2005 2006 2007
Shopping Center No. of centers
GLA No. of centers
GLA No. of center
s
GLA No. of center
s
GLA
Neighborhood Center 8 40,832 8 40,832 8 44,260 8 44,260
Lifestyle Center 1 7,315 1 7,315 3 27,278 4 49,575
Lifestyle & Entertainment Center 1 43,118 1 43,118
Urban Entertainment Center 1 8,238 1 8,238 1 8,238 1 8,238
Power Center 2 34,604 2 58,378 2 58,378
Convenience Center 3 1,958 4 2,942 4 2,942 4 2,942
Automotive Service Workshop 8 2,906 8 2,906 8 2,906 8 2,906
Total 21 61,248 24 96,836 27 187,119 28 209,416
Growth Rate 66% 58% 93% 12%
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Rental Space Growth
36,972
61,248
96,836
187,119
209,416
34,079
0
50,000
100,000
150,000
200,000
250,000
2001 2002 2003 2004 2005 2006 2007 2008
sq.m.
8.49%
65.66%
58.10%
93.23%
11.92%
AVG 54%
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Strong, long-term bond with Anchor Tenants
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Mixture of World Class Tenants
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Mixture of leading local tenants
K Bank
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$ Location Procurement fee$ Prepaid Rent
Project Financing Model
BankBank
Other TenantsOther Tenants
Anchor TenantAnchor TenantLandlordLandlord
ConstructionConstructionContractorContractor
$ rental deposit
$ Loan
Cash InflowCash Inflow
$ Cost
$ upfront
> 60%
< 40%
Cash OutflowCash Outflow
$ Rental Deposit45%Rental space
55%Rental space
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INDUSTRY OUTLOOK
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Modern Trade Thailand
128
97113
7763
238
138150
170208
1999 2000 2001 2002
Convenience stores& minimart
Supermarkets
Hypermarkets
Year
22 %
9 %
13 %
16 %
21 %
26 %
2003
14 %
13 %
23 %
4 %
4 %
8 %AVG.Growth = 10 %
AVG.Growth = 15%
AVG Growth= 20 %
6700
6200
5750
4500
5537
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2005 Major Hypermarket
Rank Name Country of Origin No. of Store(Year 2005)
1 Tesco Lotus UK 67
2 BigC France 44
3 Makro Netherlands 29
4 Carrefour France 22
162
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2005 Major Supermarket
Rank Name Country of Origin No. of outlets(Year 2005)
1 Tops Netherlands 91
2 Jusco Japan 6
3 FoodLand Thailand 9
4 Villa Market Thailand 9
115
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• Mr. Oranop Jantaraprapa, Chairman
• Mr. Pongkit Suttapong, Founder & Vice Chairman
• Mr. Nopporn Witoonchart, Founder & CEO
• Mr. Somnuk Pojkasemsin, President
(MBA)
(MBA / B.Industrial Eng.)
( B.Electrical Eng.)
( M.ACC / CPA)
- Former Executive of Siam Cement Group
- Former Junior Executive of Siam Cement Group
- Former S.E Asia Regional Manager Nokia (Singapore)
- Former Junior Executive of Siam Cement Group
- Former Auditor of KPMG
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Q&A
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Supplementary
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Neighborhood Shopping Center
Open air shopping center
Supermarket as anchor tenant
Suburb areas
Convenience Oriented
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Lifestyle Center
Open air shopping center
Upscale specialty stores
Fun & Leisure atmosphere
Destination Oriented
24
Entertainment Center
Open air shopping center
Lifestyle Center & Theater
Destination Oriented
25
Power Center
Open air shopping center
Discount Stores as anchor tenants
Destination Oriented
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Outlet Center
13
Open air shopping center
Discount Brand Name Stores
as Anchors.
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PROPERTY PORTFOLIO
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Neighborhood Centers
Bangbon
OPEN : 1995
ANCHOR : JUSCO
GLA : 7,100 SQ.M.
OPEN : 1996
ANCHOR : JUSCO
GLA : 6,170 SQ.M.
Pracha Utis Sukaphiban3
OPEN : 1996
ANCHOR : TOPS
GLA : 6,335 SQ.M.
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Neighborhood Centers
Sukhumvit 71
OPEN : 1998
ANCHOR : JUSCO
GLA : 1,418 SQ.M.
Thonglo 6
OPEN : 2002
ANCHOR : MARKET PLACE
GLA : 3,015 SQ.M.
Thung Mahamek
OPEN : 2003
ANCHOR : TOPS
GLA : 2,893 SQ.M.
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Neighborhood CentersOPEN : Oct, 2004
ANCHOR : MARKET PLACE
PIYAROM SPORT CLUB
GLA : 7,912 SQ.M.
Piyarom Place
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Convenience Centers
Automotive Service Workshops
OPEN : 2000
GLA : 2,906 SQ.M.
STAND-ALONE STORES :
BANG KAE, MENG JAI, PHAHOLYOTHIN
K.M.27, HUAY KWANG, TAPRA, SATHORN,
PATTANAKARN, RAMA III
Wanghin
OPEN : 2000
ANCHOR : BQUIK, SEVEN-ELEVEN
GLA : 535 SQ.M.
Ramintra K.M.2
OPEN : 2000
ANCHOR : BQUIK, SEVEN-ELEVEN
GLA : 780 SQ.M.
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Convenience Center
Ladprao 120OPEN : Mar, 2004
ANCHOR : LOTUS EXPRESS
GLA : 643 SQ.M.
Lotus WanghinOPEN : Jan, 2005
ANCHOR : LOTUS EXPRESS
GLA : 984 SQ.M.
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Community Center
ChachuengsaoOPEN : Jun, 04
ANCHOR : MAJOR CINEPLEX
GLA : 8,238 SQ.M.
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Power Center
PetchkasemOPEN : Q4,2005
ANCHOR : BIG C, MAJOR CINEPLEX,
INDEX LIVING MALL, HOMEWORK
GLA : 49,481 SQ.M.
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Ekkamai
Power Center
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OPEN : Q4,2005
ANCHOR : BIG C, INDEX LIVING MALL
GLA : 14,876 SQ.M.
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Lifestyle Center
J AvenueOPEN : Aug, 04
ANCHOR : VILLA MARKET,
MAJOR BOUTIQUE BOWLING
GLA : 7,315 SQ.M.
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Lifestyle CenterThe Avenue Changwattana
OPEN : Q2,2006
ANCHOR : MAJOR CINEPLEX ,
CALIFORNIA FINESS
GLA : 23,335 SQ.M.
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Lifestyle CenterPhahonyothinPhahonyothin
OPEN : Q3,2006
ANCHOR : Villa Market
GLA : 5,495 SQ.M.
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CONCEPT: Lifestyle center
SITE AREA: 3-3-40 Rai
GLA: 5,495 Sq.m.
PhahonyothinPhahonyothin Lifestyle Center
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Lifestyle CenterPattayaPattaya OPEN : Q2,2007
ANCHOR : Major Cineplex,
Supermarket
GLA : 21,839 SQ.M.
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CONCEPT: Lifestyle center
SITE AREA: 11-1-41 Rai
GLA: 21,839 Sq.m.
PattayaPattaya Lifestyle CenterLifestyle Center
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Esplanade Esplanade RatchadaRatchada
Lifestyle and Entertainment Center
OPEN : Q4,2006
ANCHOR : MAJOR CINEPLEX,
CALIFORNIA FITNESS
GLA : 44,058 SQ.M.