DOCSLIB.ORG

The Hilton Pattaya Beach Hotel”

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Hilton Pattaya Beach Hotel” CentralCentral PattanaPattana Plc.Plc. Property Development & Investment Corporate Presentation: 3Q 2009 Important Notice 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 (“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 CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. This presentation has been prepared by the CPN. 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 CPN 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. This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws. 2 Content Company Overview & Business Strategy Operations Developments Financial Highlights Appendix 3 Company Overview & Business Strategy Business Overview Highlights Recent Achievements CPN is the leading retail property developer and investor CPN received “Top Corporate Governance Awards 2008”from SET Awards 2008. The awards were granted to ten listed in Thailand with a 24% market share in Bangkok’s mall companies that pursue outstanding report on corporate leaseable area. governance. CPN manages 14 shopping centers, 6 office towers, CPN was classified into “Very Good CG Scoring” according to the company’s corporate governance performance. The survey 1 hotel and 2 residential properties in Thailand. was conducted by Thai Institute of Directors (IOD). CPN continuously achieves strong growth of shopping CPN’s credit rating was affirmed at “A+” by TRIS Rating in June 2009. complex through green field developments, acquisition & redevelopments and asset enhancement projects. CentralWorld received “CNBC’s Asia Pacific Commercial Property Award 2009” for the best mixed-use development and CPN is a fully integrated retail developer with unparallel best retail development in Thailand. synergies with its major shareholders, Central Group and Thailand Equity Fund, and unmatched financing Shareholder’s Value Appreciation(2) capability through its property fund. 3 Years CPN share price compared to SET Index and Property Index CPN is the largest retail property developer on Stock (based price on year 2005) Index Exchange of Thailand (SET) with a market capitalization 450 (1). of approx. USD 1.53 bn 400 SET PROP CPN 350 CPN is the property manager and largest shareholder 300 250 (28%) in Thailand’s largest REIT - CPN Retail Growth 200 Leasehold Property Fund (CPNRF) with a market 150 100 (1) capitalization of approx. USD 442 mil . 50 - Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jan-05 Apr-05 Oct-05 Jan-06 Apr-06 Oct-06 Jan-07 Apr-07 Oct-07 Jan-08 Apr-08 Oct-08 Jan-09 Apr-09 Note 1: As at 9 Nov 2009, CPN share price at Bt23.50per share, CPNRF unit price at Bt9.05 per unit, Exchange rate at Bt33.484 per $USD. Note 2: Source; SetSmart as at 9 Nov 2009. 5 Strong Development & Acquisition Pipelines CPN Current Portfolio: 14 Shopping Centers, 6 Office Towers, 1 Hotel and 2 Residential Properties Throughout its 29 years, CPN not only achieved success in its own green field projects, but also success in its acquisition and redevelopment projects. Past Developments (Core Growth) Future Growth 2008 - Opened 2012 - Open 1995 - Opened “CentralPlaza Chaengwattana” “CentralPlaza Rama 9 “CentralPlaza Pinklao” 2009 - Opened 1982 - Opened “CentralFestival Pattaya Beach” “CentralPlaza Lardprao”, the first and “Central Center Pattaya” “CentralPlaza Chonburi” integrated shopping complex in Thailand 1997 - Opened and - Open “CentralPlaza 1993 - Opened 2002 - Opened “CentralPlaza KhonKaen” 1980 - Established under Ratchada Rama 3” “CentralPlaza Co., Ltd.” “CentralPlaza Ramindra” “CentralPlaza Rama 2” 2011 - Open “The Hilton Pattaya Beach Hotel” 2002 – Acquired “Centralworld (World Trade Center”, a mix-used complex 1996 – Acquired full equity stake in 2004 – Completed “CentralPlaza Chiangmai Airport” “The Offices at CentralWorld” 2000 – Completed “CentralPlaza 2005 – Completed Chiangmai Airport Phase 2A “CentralPlaza Rattanathibet” 2001 – Acquired full equity 2006 – Completed stake in “CentralPlaza Bangna” “CentralWorld 2009 – Acquired 2002 – Acquired “CentralPlaza Udornthani “CentralWorld” and Centara Udonthani Hotel” (Formerly World 2003 – Completed (Formerly Chareonsri Complex) Trade Center) “CentralPlaza Chiangmai Airport Phase 2B and Acquired “Central Plaza Rattanathibet (Formerly Siam Jusco Rattanathibet” Acquisitions and Redevelopments (Opportunity Growth) 6 Leading Market Share of Mall Retail Space in BMA CPN is the leading retail property developer and investor in Thailand with approximately 24% market share in Bangkok Metropolitan Area’s mall leaseable space. CPN 24% The Mall Group 11% Future Park Rangsit 5% Siam Paragon Others 5% 36% Seacon Square 5% MBK 2% Siam Future Seri Center Fashion Island 6% 2% 4% Source : Company’s estimate as at 30 Sep 2009, based on CBRE property report as at 31 Dec 2006. 7 Vision and Strategy Vision To be the leading retail developer with world-class experience. Mission To constantly achieve a sustainable growth with maximum satisfaction for all stakeholders. Values Innovative, Experience, Trustworthiness, Excellence, Success of Partners Core Business Growth Strategy Develop new shopping centers with multi formats both in country and overseas. Retain and extend the shopper customers. Develop new retail tenants. Organization Development Strategy Improve business processes. Provide effective human capital align with company growth. Deploy new management tools and initiatives in organization development. 8 Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family’s long record and successful leadership in Thailand’s dynamic and competitive landscape of shopping mall developments and department store / specialty stores operations. As a strategic investor, Lombard’s Thailand Equity Fund(1) brings to CPN a wealth of financial advisory, international shopping center knowledge, corporate governance initiatives and many other business know-how’s. Other Central Holding 36% 27% The Central Group 59% Lombard's Chirathivat Family Thailand Equity Fund 32% 5% As of 9 March 2009 Note1: Lombard’s Thailand Equity Fund is a US$245 million private equity fund sponsored by Lombard Investments, Inc., headquartered in San Francisco, and the International Finance Corporation ("IFC"), part of the World Bank Group. The fund was formed with the support of the Government of the Kingdom of Thailand in order to make private equity investments in operationally competitive Thai businesses and is managed by MFC Asset Management. Investors in the fund include the IFC, California 9 Public Employees'Retirement System ("CalPERS"), Asian Development Bank, DEG (a member of Germany's KfW Group), the Ministry of Finance of the Government of Thailand, and ten leading Thai banks and other institutions. Strategic Shareholder: Central Group CPN’s strong synergy with the Central Group helps CPN to attract dynamic tenants, increase people traffic and command higher rents. The Central Group and Chirathivat Family 59%100% 67% 100% Central Pattana Central Retail Centara Hotel Central Marketing Corporation Group (CPN) (CRC) (CENTEL) (CMG) Owner and developer of Owner of retail chains Owner of Centara hotel, Owner of international retail Shopping Centers and Mix- including resorts, and convention franchisees for; Used Complex Central Department Stores, centers, and also - Cosmetics : Clarins, Robinson Department franchisees of fast-food Elizabeth Aden, Payot... Stores, ZEN Department retail chains including - Apparel : G2000, U2, Store, Power Buy, Super KFC, Baskin Robbins, S'fare, John Henry, Sports, B2S, Home-works, Mister Donut, Auntie's Daniel Hechter, Tops Supermarket, Office Anne, Pepper Lunch, Hush Puppies, Jockey, Depot, etc. Beard papa’ Wrangler, Lee, FCUK, Energy, Miss Sixty... - Others : Samsonite, Pentax,
Load more

Recommended publications
  • 1 AR CPN EN 2014 4C P1-72.Indd
    AANNUALNNUAL RREPORTEPORT 22014014 TOGETHER WE ARE ONE CONTENTS 012 016 020 022 023 026 CONSOLIDATED MESSAGE FROM REPORT OF THE REPORT OF THE REPORT OF THE REPORT OF THE OPERATIONAL & THE BOARD AUDIT NOMINATION AND RISK POLICY CORPORATE FINANCIAL OF DIRECTORS COMMITTEE REMUNERATION COMMITTEE GOVERNANCE HIGHLIGHTS COMMITTEE AND SUSTAINABLE DEVELOPMENT COMMITTEE 054 062 064 065 068 073 FUTURE VISION & CORPORATE SUSTAINABILITY BUSINESS PERFORMANCES PROJECTS MISSIONS VALUES MANAGEMENT STRATEGIES ECONOMIC DIMENSION 114 132 135 138 148 149 CORPORATE NOMINATION OF REMUNERATION CONNECTED GROUP REVENUE GOVERNANCE DIRECTORS AND OF THE TRANSACTIONS STRUCTURE STRUCTURE OF MANAGEMENT DIRECTORS AND OF COMPANY COMPANY AND MANAGEMENT AND ITS ITS SUBSIDIARIES SUBSIDIARIES 263 268 269 272 273 276 GENERAL LIST OF EXISTING REFERENCE INFORMATION GRI INDEX INFORMATION OF COMMITTEE IN PROJECTS FIRMS FOR INVESTORS BUSINESS HELD SUBSIDIARIES MANAGED BY CPN BY CPN 10% UPWARD 028 030 034 040 043 047 BOARD OF 2014 YEAR IN AWARDS OF ECONOMIC NATURE OF ASSET UNDER DIRECTORS AND BRIEF GREAT PRIDE AND RETAIL BUSINESS CPN’S MANAGEMENT IN 2014 INDUSTRY MANAGEMENT TEAM OVERVIEW IN 2014 073 079 084 097 100 102 FINANCIAL ENVIRONMENTAL SOCIAL RISK FACTORS ORGANIZATION MANAGEMENT PERFORMANCE DIMENSION DIMENSION CHART STRUCTURE REVIEW 151 160 161 162 246 247 CAPITAL RESPONSIBILITY FINANCIAL INDEPENDENT AUDIT’S FEE MANAGEMENT STRUCTURE OF THE BOARD STATEMENTS & AUDITOR’S BIOGRAPHY OF DIRECTORS TO NOTES TO THE REPORT THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS TOGETHER WE ARE ONE MOST ADMIRED DYNAMIC REGIONAL WORLD-CLASS TO BE THE MOST RETAIL RETAIL RETAIL REWARDING ADMIRED AND DEVELOPER DEVELOPER DEVELOPER EXPERIENCE DYNAMIC REGIONAL OF ALL RETAIL PROPERTY STAKEHOLDERS DEVELOPER WITH WORLD-CLASS REWARDING EXPERIENCE The word “ONE” conveys competency with immense power in itself.
    [Show full text]
  • Central Pattana (CPN TB) Buy (Maintained)
    Thailand Results Review 24 February 2020 Consumer Cyclical | Leisure & Entertainment Central Pattana (CPN TB) Buy (Maintained) Favourable 4Q19 Results; Keep BUY Target Price (Return): THB79.00 (32%) Price: THB60.00 Market Cap: USD8,516m Avg Daily Turnover (THB/USD) 379m/12.4m Keep BUY and DCF-based THB79.00 TP, 32% upside plus c.2% yield. Analyst We remain positive on Central Pattana’s positioning on mixed-use property development, which should secure its long-term outlook. 4Q/FY19 results Vatcharut Vacharawongsith were resilient – beat expectations – and we expect growth to continue this +662 2088 9736 year ie 6% for core profit and 20% for net profit from a big batch asset spin- [email protected] off to its REIT despite having no new malls. Strong 1Q20F bottomline may act as a near-term catalyst, while the stock looks undemanding (-1.5SD). 4Q19 results above expectations. 4Q19 net profit was THB3.61bn (+43% YoY, +28% QoQ). Excluding a THB203m one-time extra gain from the share sales of its subsidiary, core profit was THB3.4bn (+39%YoY, +21% QoQ). It was 15% higher than our forecast due to lower opex and tax expenses. Total revenue surge (20% YoY and 26% QoQ) was supported Share Performance (%) by rising occupancy rates at its key malls in Bangkok and strong residential YTD 1m 3m 6m 12m unit transfer – mainly the condominium project in the northern province of Absolute (3.6) (5.5) (5.9) (10.1) (22.6) Chiang Rai. The accounting re-classification of other income from related Relative 1.8 (0.4) 0.2 (1.4) (13.3) activities (ie marketing with its retail mall tenants) to its topline was applied, resulting in a GPM boost to 54%.
    [Show full text]
  • Central Pattana Public Company Limited Major Events
    Document Quick Link Central Pattana Public Company Limited Major Events Management’s Discussion and Analysis (MD&A) Performance Consolidated Financial Results: 1Q18 Business Plan Executive Summary In 1Q18, the Thai economy continues to expand, primarily driven by a number of supporting factors, namely 1) growth in exports with a record high in March 2018. 2) Growth in the tourism sector characterized by an increase in foreign inbound tourists, especially from China due to more available direct flights to Thailand and Europe due to the Easter holidays at the end of the period. 3) Gradual expansion of private consumption as consumer confidence continues to improve and 4) Other supporting factors, namely public and private investments and proposed stimulus schemes, such as increase in minimum wages, local SME projects and agricultural business reform, to support the low-income group. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of Thailand, with its GDP growth in 2018 at 4.1%, a slight increment from that of 2017 at 3.9%. Growth in both revenue The performance of Central Pattana Public Company Limited (“The Company” or and net profit “CPN”) in 1Q18 shows a net profit of THB 2,822 mn, an increase of 1.7% from the demonstrates the same period in the previous year (YoY), whilst total revenues stood at THB 8,223 effectiveness of retail mn, an increase of 6.5% YoY. The result demonstrates the growth resiliency of properties and cost CPN’s operating results despite the impact on its revenue from rent and services management from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017, and the increase in utility cost due to the increase in electricity Ft rate since May 2017.
    [Show full text]
  • Central Pattana Plc. Property Development and Investment
    Central Pattana Plc. Property Development and Investment CentralPlaza Marina Pattaya Re-launch on 19 December 2016 Corporate Presentation: 3Q16 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance To be the most admired and dynamic regional retail property VISION developer with world-class rewarding experience Mixed-use Project Development Malls Other related business Property funds Residential Commercial Hotel CPNRF CPNCG 7 Office Buildings 2 Hotels 1 1 Residence • Lardprao CPNRF: Central City Residence • Pinklao Tower A RM2, RM3, PKO, CMA, 23 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 30 1.6 mn sqm 93% 1 Rank 16% Shopping Malls NLA Occ. Rate Retail Developer 9M16 Rev. Growth 3 Our company Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family‟s long record and successful leadership in Thailand‟s dynamic and competitive landscape of shopping mall developments and department store / specialty store operations. Chirathivat Family 26% Local funds 19% Free float Foreign 53% 47% funds 73% Individuals Central 8% Group 27% Source: TSD as of 30 September 2016. 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract dynamic tenants, increase people traffic and
    [Show full text]
  • Central Pattana Plc Thai Airways International
    CENTRAL PATTANA PLC No. 75/2015 9 December 2015 Company Rating: THAI AIRWAYS AA- Rating Rationale INTERNATIONAL PLC TRIS Rating affirms the company rating and the existing senior unsecured Issue Ratings: debenture ratings of Central Pattana PLC (CPN) at “AA-”. At the same time, SeniorAnnouncement unsecured no. 111 AA - 12 November 2011 TRIS Rating assigns the rating of “AA-” to CPN’s proposed issue of up to Bt2,200 Outlook: Stable million in senior unsecured debentures. The proceeds from the new debentures will be used for business expansion. The “AA-” ratings reflect the company’s Company Rating History: leading position in the retail property development industry in Thailand, proven Date Rating Outlook/Alert record of managing high-quality shopping centers, reliable cash flows from 12/05/14 AA- Stable contract-based rental and service income, and conservative financial policy. The 05/02/13 A+ Positive 23/05/07 A+ Stable ratings also take into consideration the large amount of capital expenditures 22/02/05 A Stable needed for business expansion during 2015-2018. 12/07/04 A- Positive CPN is the largest retail property developer in Thailand. Its major 04/10/02 A- shareholders are the Chirathivat family (29%) and Central Holding Co., Ltd. (26%). 17/05/01 BBB+ The ownership link with the Central Group is a benefit for CPN since many anchor stores under the group have been strong magnets for shopping centers owned by CPN. As of September 2015, CPN managed 28 shopping centers, with a total retail space of 1.54 million square meters (sq.m.).
    [Show full text]
  • Central Pattana Plc. Property Development and Investment
    Central Pattana Plc. Property Development and Investment CentralPlaza Nakhon Si Thammarat Corporate Presentation: 1Q16 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance Flagship business of the Central Group (Chirathivat Family) 29 1.6 mn sqm 93% 21% 15% Shopping Malls NLA Occ. Rate Market Share 5-yr top line growth Malls Other related business Residential Commercial Hotel 15 New Projects (2016-2020): 12 domestic malls and 3 overseas malls (i-City and 2 new malls) 1 Residence 7 Office Buildings 2 Hotels 1 Central City Residence @ Bangna • Lardprao Renovation projects: 21 • Pinklao Tower A 2016: Project 2016-2020 • Pinklao Tower B 6 BNA, RM3, PTC, and PKT • Bangna • CentralWorld Tower centralcenter 2017-2020: 1 • Chaengwattana CMA, CTW, CWN, and RM2 Announced: 3 Condominiums • Rama9 New Retail format and paid attraction Target: 3 Condominiums/Yr 3 Growth 5-yr target: revenue growth of 15%CAGR Overall NLA to increase by 20% between 2015 and 2018F Retail NLA and occupancy rates SQMmn % 97 98 96 96 97 2.0 95 96 96 94 94 94 94 100 1.8 90 1.6 80 36 1.4 70 33 1.2 60 30 1.0 29 50 0.8 25 40 23 0.6 20 30 18 15 0.4 15 20 10 11 0.2 projects 10 - - Existing New Unannounced RS: Occupancy rate Source: Company estimate as at 31 March 2016. Retail space: Includes leasable area of CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao, and CentralPlaza Chiangmai Airport, which were 4 partially transferred to CPNRF, but still under CPN’s management.
    [Show full text]
  • Stock Comparison
    TFEX Single Stock Futures No. Symbol Company Sector 1 AAV Asia Aviation Public Company Limited Transportation & Logistics 2 ADVANC Advanced Info Service Public Company Limited Information & Communication Technology 3 AMATA Amata Corporation Public Company Limited Property Development 4 AOT Airports Of Thailand Public Company Limited Transportation & Logistics 5 AP AP (Thailand) Public Company Limited Property Development 6 BA Bangkok Airways Public Company Limited Transportation & Logistics 7 BANPU Banpu Public Company Limited Energy & Utilities 8 BAY Bank Of Ayudhya Public Company Limited Banking 9 BBL Bangkok Bank Public Company Limited Banking 10 BCH Bangkok Chain Hospital Public Company Limited Health Care Services 11 BCP The Bangchak Petroleum Public Company Limited Energy & Utilities 12 BDMS Bangkok Dusit Medical Services Public Company Limited Health Care Services 13 BEM Bangkok Expressway and Metro Public Company Limited Transportation & Logistics 14 BH Bumrungrad Hospital Public Company Limited Health Care Services 15 BJC Berli Jucker Public Company Limited Commerce 16 BLA Bangkok Life Assurance Public Company Limited Insurance 17 BLAND Bangkok Land Public Company Limited Property Development 18 BTS BTS Group Holdings Public Company Limited Transportation & Logistics 19 CBG Carabao Group Public Company Limited Food and Beverage 20 CENTEL Central Plaza Hotel Public Company Limited Tourism & Leisure 21 CK Ch. Karnchang Public Company Limited Property Development 22 CKP Ck Power Public Company Limited Energy & Utilities 23 CPALL CP All Public Company Limited Commerce 24 CPF Charoen Pokphand Foods Public Company Limited Food and Beverage 25 CPN Central Pattana Public Company Limited Property Development 26 DTAC Total Access Communication Public Company Limited Information & Communication Technology 27 EARTH Energy Earth Public Company Limited Energy & Utilities 28 HANA Hana Microelectronics Public Company Limited Electronic Components 29 HMPRO Home Product Center Public Company Limited Commerce TFEX Single Stock Futures No.
    [Show full text]
  • Towards Sustainable Center of Life
    Event Title / Subtitle Location Analyst Briefing Analyst Meeting CPN Head Office for [QQYY] Results CEO Forum CEO Forum CPN Head TOWARDS SUSTAINABLE CENTER OF LIFE Office Strategic Direction for [Year] NDR Non-deal Roadshow City, ST, CENTER OF HAPPINESS Country CENTER OF with [Broker] COMMUNITY Conference [Name of Conference] City, ST, Country CENTER OF [not used ; use as 2nd line] ALL LIFESTYLES Opp Day Opportunity Day SET, Bangkok for [QQYY] Results Co. Visit Investor Presentation CPN Head Office [blank] Others [Title] [Location] [Subtitle / Organizer / Audience] CENTER OF ACTIVITIES Central Pattana Public Company Limited (CPN) Investor Presentation Discussion material on the company’s latest information November 2019 CPN Head Office Disclaimer Please read before you proceed! DASHBOARD . 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 (“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. OVERVIEW . 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 CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.
    [Show full text]
  • CPN Retail Growth Property Fund “CPNRF”
    CentralCentral PattanaPattana PlcPlc.. ““CPNCPN”” CPNCPN RetailRetail GrowthGrowth PropertyProperty FundFund ““CPNRFCPNRF”” Opportunity Day March 28, 2006 Content Economic Overview and Marketing Situation CPN Achievements and Plans Operation Review Financial Highlights CPN Retail Growth Property Fund (CPNRF) 2 Economic Overview & Marketing Situation Economic Overview Thai economy in Q405 grew by 4.7% Q-o-Q. However, for full year 2005 the economy grew by only 4.5%, a moderate decrease from 6.2% from the previous year. The decrease was attributed to the slowdown in household spending, lower overall production and a decrease in export. The contributing factors: - Higher oil price - Higher inflation - Higher interest rate - Reduction in consumer confidence - Other non-macroeconomic factors such as Tsunami, southern unrest, avian influenza, drought and flooding Note: Source from NESDB 4 Marketing Situation Retail Market Total supply of retail space in Bangkok rose by approximately 8% to 4.2 million sq.m. at the end of 2005, as compared with 3.9 million sq.m. at year-end 2004 and vacancy at year-end 2005 stood at approximately 5%. Retail rent in Bangkok was broadly stable in Q405, however, 2005 saw approximately 5% growth from 2004. New retail supply in 2006 is expected to be around 300,000 sq.m. Competition in Rajprasong is becoming increasingly intense, due to the growth in supply from the newly opened Paragon mall and the near completion of Centralworld. Office Market Total supply of office in Bangkok was stable in 2005 with an increase of less than 1% over 2004. Office space in 2005 stood at 7.2 million sq.m.
    [Show full text]
  • Annual Report 2020 (56-1 One Report) Summary of Specified Items Per Form 56-1 One Report
    Annual Report 2020 (56-1 One Report) Summary of Specified Items per Form 56-1 One Report Topics Page Part 1: Business and Operating Performance 1. Business Structure and Operating Performance 1.1 Business Policy and Business Overview 17, 33-41 1.2 Nature of Business 42-67 1.3 Investment Structure 68-85 1.4 Authorized Share Capital and Paid-up Share Capital 86 1.5 Other Securities (Debenture) 86-87 1.6 Dividend Policy 87 2. Risk Management 2.1 Risk Policy and Risk Management Plan 88 2.2 Risk Factors 88-92 3. Sustainable Development 3.1 Materiality Issue and Strategy 94-100 3.2 Sustainable Management for Stakeholder in Business Value Chain 101-135 3.3 Sustainable Management for Environment 143-159 3.4 Sustainable Management for Society 136-142 4. Management Discussion and Analysis 4.1 Analysis at Business and Financial Performance 161-170 4.2 Significant Factors that may Impact Future Business and Financial Performance 171-172 4.3 Financial Highlights 172-180 5. General Information and Other Information 5.1 General Information and Reference Persons 182, 185 5.2 Other Information 183-184 5.3 Legal Dispute 186 5.4 Secondary Market N/A 5.5 Financial Institution for Debenture 185 Part 2: Corporate Governance 6. Corporate Governance Policy 6.1 General Policy and Corporate Governance Practice 188-189 6.2 Code of Business Ethics 188 6.3 Key Development of Policy and Corporate Governance in the Year 189-199 7. Corporate Governance Structure and Information of Board of Directors, Sub-committee, Management, Employees and Others 7.1 Corporate Governance Structure Chart 200-201 7.2 Board of Directors 202-206 7.3 Sub-committees 207-208 7.4 Management 209-213 7.5 Employees 119-131, 214 7.6 Other Information 214 8.
    [Show full text]
  • Lay Bki Cover Tha
    VISION Bangkok Insurance aims to be the preferred non-life insurer in Thailand We will strive for progress with • Quality products and services that meet our customers’ needs • Fast and responsive service to maximize our customers’ satisfaction • Exceptional teams who are knowledgeable and innovative • Tradition and culture of corporate integrity CONTENTS FINANCIAL HIGHLIGHTS 3 REPORT OF THE CORPORATE PRIDE IN 2020 4 GOVERNANCE COMMITTEE 73 MESSAGE FROM THE CHAIRMAN 6 REPORT ON THE BOARD OF DIRECTOR’S MESSAGE FROM THE CHIEF EXECUTIVE RESPONSIBILITY FOR FINANCIAL OFFICER AND PRESIDENT 8 STATEMENTS 74 REPORT OF THE COMPANY’S REPORT OF INDENPENDENT AUDITOR 75 OPERATIONS 10 STATEMENTS OF FINANCIAL POSITION 78 INVESTMENT INCOME 15 STATEMENTS OF COMPREHENSIVE INVESTMENT 16 INCOME 80 INVESTMENTS IN SECURITIES 17 STATEMENTS OF CASH FLOWS 82 SHAREHOLDING IN OTHER COMPANIES 18 STATEMENTS OF CHANGES IN REVENUE STRUCTURE 19 OWNERS’ EQUITY 84 SUMMARY OF QUARTERLY NOTES TO FINANCIAL STATEMENTS 86 FINANCIAL RESULTS 20 COMPANY’S FINANCIAL STATUS 146 FIVE YEARS REVIEW 21 FINANCIAL RATIO 152 POLICY ON AND THE OVERALL RELATED PARTIES TRANSACTIONS 153 BUSINESS TRANSACTION 22 ORGANIZATION STRUCTURE 155 TYPE OF BUSINESS TRANSACTIONS 26 MANAGEMENT STRUCTURE 156 RISK FACTORS 34 SHAREHOLDINGS STRUCTURE 165 ADVISORY BOARD 39 PRINCIPLES OF GOOD CORPORATE BOARD OF DIRECTORS AND GOVERNANCE 168 BOARD OF DIRECTORS PROFILE 40 INTERNAL CONTROL AND MANAGEMENT COMMITTEE AND RISK MANAGEMENT 187 MANAGEMENT COMMITTEE PROFILE 48 GENERAL INFORMATION 189 CORPORATE SOCIAL RESPONSIBILITY
    [Show full text]
  • Rental Rates Have Generally Been Stable Since 2H05 Due 0 4.0% 2003 2004 2005 9M 2006 to the Steady Supply of New Retail Leasable Area
    CentralCentral PattanaPattana PlcPlc.. Property Development & Investment Analyst Briefing – 4Q06 and FY2006 13 March 2007 Important Notice 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 (“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 CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. This presentation has been prepared by the CPN. 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 CPN 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.
    [Show full text]