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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. -
OISHI's CYCLE
ANNUAL REPORT 2018 OISHI’s CYCLE Contents 8 Message from the Chairman 10 Message from the President and CEO 13 General Information 14 Financial Highlights 16 Board of Directors and the Executives 22 Business Policy and Overview 36 Business Nature 45 Risk Factors 50 Business Assets 57 Legal Disputes 57 Capital Structure 61 Management Structure 74 Information on the Board of Directors and the Executives 96 Remuneration of the Board of Directors and Executives 99 Share ownership of the Board of Directors and the Executives 100 Human Capital and Human Resources Development Policy 103 Internal Control 104 Internal Information Usage 105 Related Parties Transactions 118 Financial Status and the Company’s Performance 128 Report of the Board of Directors’ Responsibility for the Finance Reporting 129 Report of the Audit Committee 131 Report of the Sustainability and Risk Management Committee 132 Report of the Nomination Committee 133 Report of the Remuneration Committee 134 Report of the Good Corporate Governance Committee 135 Corporate Governance Report 153 Financial Statements 225 Corporate Social Responsibility and Sustainability Report 274 GRI Standards Contents 8 Message from the Chairman 10 Message from the President and CEO 13 General Information 14 Financial Highlights 16 Board of Directors and the Executives 22 Business Policy and Overview 36 Business Nature 45 Risk Factors 50 Business Assets 57 Legal Disputes 57 Capital Structure 61 Management Structure 74 Information on the Board of Directors and the Executives 96 Remuneration of the -
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 -
III-4 National Development Plan and Travel Demand Forecasting III-4
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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. -
Bangkok Central Where to Buy Mi
WHERE TO BUY MI BANGKOK SHOP NAME Mi Store - Seacon Bangkae Mi Home - Imperial Samrong Jaymart TG Fone IT City Power Buy Advice True Shop Advance Mobile - Seacon Square A.O.B Mobile Service - MBK Smart Inter - MBK 55 Phone - MBK Notebook Shop - Fortune Town Navaasia - Future Park Rangsit Wizmax - Future Park Rangsit Magic Gold - Zeer Rangsit Studio phone - Central Plaza Chaengwattana Studio phone - Central Plaza Rama 9 Studio phone - MBK Sentel - The Mall Bangkapi CENTRAL SHOP NAME Province Sahaphat Telecom - Big C Nakhon Pathom Nakhon Pathom Green Apple - Sattahip Chonburi Sentel - Robinson Chachoengsao Chachoengsao Sentel - Central Pattaya Beach Chonburi Sentel - Central Chonburi Chonburi Sentel - Robinson Sriracha Chonburi Sentel - Central Rayong Rayong Vtec - Robinson Kanchanaburi Kanchanaburi PDA Shop - Robinson Sriracha Chonburi I-Smart Corporation Chonburi SOUTH SHOP NAME Province Boonchai Hadyai - Central Festival Hatyai Songkhla Boonchai Hadyai - Robinson Hatyai Songkhla Boonchai Hadyai - Lotus Prince of Songkla University Songkhla Boonchai Hadyai - Lotus Extra Songkhla Songkhla Boonchai Hadyai - Lotus Hatyai Nai Songkhla Boonchai Hadyai - Big C Klong Hae Songkhla Boonchai Hadyai - Wachira Songkhla Songkhla Boonchai Hadyai - Dannok Songkhla K-Smart - Thungsong Nakhon Si Thammarat K-Smart - Central Plaza Nakhon Si Thammarat Nakhon Si Thammarat K-Smart - Robinson Ocean Nakhon Si Thammarat Nakhon Si Thammarat Sirisin Telecom Surat Thani Hitech Computer & Networks Chumphon NORTH SHOP NAME Province Chiangmai Teleshop - Central Chiangmai Airport Chiang Mai Chiangmai Teleshop - Central Festival Chiangmai Chiang Mai Goosetech Global - Chiangmai Business Park Chiang Mai Iviva - Central Festival Chiang Mai Sahapanich - Changpuak Road Chiang Mai GPhone - Big C Phetchabun Phetchabun Like Shop - Big C Tak Tak Tee Phone Lampang NORTHEAST SHOP NAME Province Koratnawakij - The Mall Korat Nakhonratchasrima Smart IT System - Robinson Sakonnakorn K V Telecom Sakonnakorn. -
Towards Sustainable Center of Life
TOWARDS SUSTAINABLE CENTER OF LIFE CENTER OF CENTER OF HAPPINESS COMMUNITY CENTER OF ALL LIFESTYLES CENTER OF ACTIVITIES Central Pattana Public Company Limited (CPN) SET Digital Roadshow For the full-year 2018 financial results 18 March 2019 The Stock Exchange of Thailand Agenda DASHBOARD Company Overview SUMMARY RESULTS 2018 Key Highlights and Results UPDATES Business Updates APPENDICES Page 2 CPN at a Glance The most glorified property developer in Thailand DASHBOARD world-class retail and million sq.m. of net million visitors per day GLAND projects1 that leasable area (NLA) (and more) at our offer the most fulfilling under management: a shopping malls, serving 32 lifestyle experiences 1.7 domestic market leader 1.3 both locals and tourists SUMMARY LIFESTYLE DESTINATION % occupancy rate th largest company listed across our projects: a on SET with over USD 10 bn RESULTS strong and sustainable in market capitalization 93 performance 11 and continues to grow UPDATES HOLISTIC ICONIC bn THB of high-quality the only Thai property company % revenue CAGR attained retail and commercial listed on DJSI World (2018) and during the past 10 years assets monetized through DJSI Emerging Markets (2014- (2008-2017): proven track 50 CPNREIT and CPNCG 1 2018): a sustainability leader 14 record of business growth 27% ownership in CPNREIT 25% ownership in CPNCG APPENDICES DYNAMIC ENCHANTED Page 3 Strong Support from Major Shareholders Central Group’s leadership in retail and lifestyle experiences DASHBOARD Other 15% Listed entities / business units and Central Group’s ownership % 62% 65% % ownership in CPN by investor group out of Resorts Hotels & & Hotels SUMMARY Group 4,488 53% Store Dept. -
Jerhigh Newsletter กันยายน 2557
www.jerhigh.com Vol.6 No.67 SEPTEMBER 2014 ISSN 19054424 It’s Gotta BE YOU, ONLY YOU. ณัชชานันท์ พีระณรงค์ Dog Guru เพียงเล็กน้อย กำรป้องกันไว้ก่อน เรื่องฟันก็ส�าคัญ ก็จ�ำเป็นจะต้องค�ำนึงถึงด้วย กำรดูแล กำรดูแลเอำใจใส่ที่ถูกต้องย่อม ฟันและช่องปำกของเจ้ำตูบด้วย ช่วยพิทักษ์และยืดอำยุกำรใช้งำน ตัวของคุณเองเมื่ออยู่ที่บ้ำน ก็ถือเป็น ของฟัน ให้นำนขึ้น ส่งผลให้เจ้ำตูบ สิ่งจ�ำเป็นอันดับต้นๆ ในกำรที่จะเลี้ยง มีควำมสุขสดใสตลอดอำยุขัย ฉะนั้น สุนัขสักตัว และบำงขั้นตอนก็สำมำรถ สิ่งที่เจ้ำของควรท�ำก็คือรีบจัดโปรแกรม ช่วยลดปัญหำกลิ่นปำกได้ไม่ยำกเลย ที่เหมำะสมให้เขำอย่ำงด่วน เพรำะ เมื่อคุณท�ำอยู่สม�่ำเสมอ และวิธีง่ำยๆ อำกำรบำดเจ็บของฟันนั้นไม่ได้ ก็คือ กำรแปรงฟัน แสดงออกมำให้เห็น แม้กิริยำอำกำร ส�ำหรับสุนัขแล้วกำรแปรงฟัน จะดูปกติ แต่ใครจะรู้ดีไปกว่ำเจ้ำตัว คงต้องมีตัวช่วยพิเศษสักหน่อย นั่น ว่ำมันปวดแค่ไหน ก็คือแปรงชนิดพิเศษที่ท�ำขึ้นมำส�ำหรับ เมื่อคุณทรำบควำมส�ำคัญของ สุนัขโดยเฉพำะ และยำสีฟันที่ผลิตขึ้น กำรบ�ำรุงรักษำฟันแล้ว ตำรำงนัด เพื่อสุนัขในปัจจุบันก็สำมำรถหำซื้อได้ คุณหมอที่เรำก�ำลังจะน�ำเสนอ ไม่ยำกนัก ซึ่งจะมีกลิ่นที่สุนัขชื่นชอบ ต่อไปนี้ ควรจ�ำให้แม่น อย่ำได้ลืม ต่ำงจำกยำสีฟันของคน ช่วยให้กำร เป็นอันขำด แปรงฟันเจ้ำตัวยุ่งง่ำยขึ้นมำก อีกวิธีที่สำมำรถปฏิบัติเองได้ที่บ้ำน ลูกสุนัข อายุ 0-12 เดือน BAD BREATH ก็คือ กำรให้อำหำร ซึ่งอำจปรึกษำกับ เมื่อครบก�ำหนดรับวัคซีนในช่วง สัตวแพทย์ผู้เชี่ยวชำญถึงอำหำรที่ 4 เดือน เวลำที่คุณพำเขำไปตำมนัด (CHRONIC) IN DOGS เหมำะกับสุนัขของเรา และสำมำรถช่วย อย่ำลืมกระซิบให้หมอตรวจฟันของ ณเคยสังเกตกันบ้างหรือไม่ ว่ากลิ่นลมหายใจของเจ้าตูบมีความ ลดกลิ่นปำกและหินปูนได้ในระดับหนึ่ง เขำควบคู่กันไปด้วย ผิดแปลกอย่างไร จริงอยู่ว่าสุนัขเกิดกลิ่นปากได้เป็นเรื่องธรรมดา -
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. -
List of Cpn Shopping Malls
Central Pattana Public Company Limited Location 10th, 30th – 34th Floor, The Offices at CentralWorld, 999/9 Rama I Road, Patumwan Sub-District, Patumwan District, Bangkok 10330, Thailand Telephone + 66 (0) 2667 5555 Corporate Website www.cpn.co.th Registration No 0107537002443 Year of Establishment 1980 Business Overview Develop and invest in retail property for rent comprising large-scale shopping complexes and other related and supportive businesses, such as office buildings, hotels, residential devel ANNUAL REPORT 2018 opment and food court. In addition, the Company invests in and is the property manager of CPN Commercial Growth Leasehold Property Fund (CPNCG) and CPN Retail Growth Leasehold REIT (CPNREIT). Securities Information Common shares of Central Pattana Plc. were listed and traded on the Stock Exchange of Thailand in 1995 under the abbreviated security name of “CPN”. Registered Capital Baht 2,244,000,000 Issued and Paid-up Baht 2,244,000,000 comprising ordinary shares of Capital 4,488,000,000 shares Par value of Baht 0.5 per share Contacts Company Secretary Telephone: + 66 (0) 2667 5555 Ext. 1665, 1684, 1685, 1686 and 1687 Email: [email protected] Investor Relations Telephone: + 66 (0) 2667 5555 Ext. 1614, 1632 and 1689 Email: [email protected] Investors can obtain further information regarding the Company from the Annual Registration Statement (Form 56-1) which has been disclosed at www.sec.or.th or www.cpn.co.th ANNUAL REPORT 2018 S U S T A I N A B L E FUTURE CONTENTS P.12 P.14 P.16 P.20 P.24 Chapter 01 Chapter 02 Chapter -
Central Pattana Plc. Property Development and Investment
Central Pattana Plc. Property Development and Investment CentralPlaza Mahachai NDR in London & Paris 16-19 October 2017 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, 22 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower 1 centralmarina • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 30 1.6 mn sqm 93%* 1 Rank 21% Shopping Malls NLA CPN Occ. Rate Retail Developer Market Share in BKK * Includes area transferred to CPNRF, 2Q17 occ. rate was 92%. 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 27% Local funds 19% Free float Foreign 53% 47% funds 74% Individuals Central 7% Group 26% Source: TSD as of 30 June 2017 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract dynamic -
CENTRAL PATTANA PCL (CPN) 3 Jul 2018
INITIAL COVERAGE CENTRAL PATTANA PCL (CPN) 3 Jul 2018 BUY 12M Target Price: Bt80.00 Promising long-term plans Closing price: Bt70.00 We expect 2Q18 net profit of Bt2.9bn, up 17.7% YoY and 3.6% QoQ, driven Upside/downside 14.3% by the transfer of 3 condominium projects of Bt1bn We expect the renovation Sector Property Development process of Central World to be completed by the end of 3 Q6 1 with a Paid-up shares (shares mn) 2,244 resumption of occupancy rate in 2019. CPN plans to open average 2 - 3 Market capitalization (Bt mn) 314,160 branches per year mainly in Thailand and also look for opportunities to expand Free float (%) 52.34 its branches to overseas. Meanwhile, the company plans to open a new branch 12-mth daily avg. turnover (Bt mn) 485.43 12-mth trading range (Bt) 87.00/65.75 in Malaysia by the end of 2018, including expand its residential projects from existing lands. However, the risk of online trading will raising the downside risk Major shareholders (%) to its occupancy rate, especially the new branches in the future. We CENTRAL HOLDING 26.21 recommend "BUY" with a target price of Bt80.00/share THAI NVDR 6.17 HSBC (SINGAPORE) 2.57 2Q18 Earnings estimates We expect 2Q18 net profit of Bt2.9bn, up 17.7% YoY and 3.6% QoQ, driven by Financial highlights the transfer of 3 condominium projects of Bt1bn (100% sold out) with 37.5% End of Dec 31 2016 2017 2018E 2019E margin. However, GPM of total revenue expects to decline from 1Q18 to 49% Revenue (Bt mn) 27,634 28,785 32,208 33,022 Normalized profit (Bt mn) 9,244 10,068 11,044 11,287 due to higher proportion of condominium transfers.