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GENERAL PRESENTATION
1Q 2019
Vienna House Easy Berlin
Prepared by Investor Relations DepartmentU CITY PCL
Address: U City Public Company LimitedIR Department20th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd.Chomphon, Chatuchak, Bangkok, Thailand 10900
Telephone: +66(0) 2273 8838 Fax: +66(0) 2273 8858
Email: [email protected] Website: www.ucity.co.th
This document has been prepared and distributed by the Investor Relations Department of U City Public Company Limited (“U City”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in U City and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. U City does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of U City or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.
All information contained in this document is presented as of the date indicated within, and U City assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. Thus, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. U City undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
DISCLAIMER
IR CONTACT
2
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s information
3
Prepared by Investor Relations DepartmentU CITY PCL
Formerly operating solely in Thailand, we expanded internationally since 2017 with a presence in 10 European countries and 5 Asian
and Middle Eastern countries with assets spanning from hotels across various ownership models to office buildings. Within U City’s
portfolio we now have 95 hotels and more than 26,000 keys owned, leased or managed, 3 office buildings, and business interests
spanning 15 countries globally
Total of 38 hotels and 2 office buildings
Total of 57 hotels, 1 office building, 13 condominium projects launched
PRESENCE IN 5 ASIAN& MIDDLE EASTERN COUNTRIES
PRESENCE IN 10 EUROPEAN COUNTRIES
• Austria• Belarus• Czech Republic• France• Germany• Poland• Romania• Russia• Slovakia• United Kingdom
• Thailand• Vietnam• Indonesia• India• Oman
WE ARE A GLOBAL CAPITAL ALLOCATORInvesting in Diversified Assets Globally
28%Of total revenue from Thailand*
72%of total revenue from overseas*
* Based on FY2018
THB 54bnTotal Asset Value*
4Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Section 1: U City in Brief
Prepared by Investor Relations DepartmentU CITY PCL
KEY MILESTONES
5
1999 - 2013
1993
Listed on the SET
Rehabilitation
1988
Company founded
2015
• BTS Group
became a major
shareholder
(35.64%)
• Name changed
to
“U City Public
Company
Limited”
2016
First geographic
expansion into
Europe by
acquiring 33
Gracechurch, an
office building in
London, UK
2017
Acquired a hotel
portfolio,
comprising of 24
pan-European
hotels, and a hotel
management
platform
2018
Becoming a leading
property company
after acquiring the lion’s
share of BTS Group’s
property business under
Unicorn Enterprises
(UE), which includes a
portfolio of hotels, hotel
management platform,
land bank and
residential projects
under BTS-Sansiri joint
ventures
Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Section 1: U City in Brief
Prepared by Investor Relations DepartmentU CITY PCL
STRATEGYPoised to Emerge as Thailand’s Leading International Property Investor
• Recycle capital for
future investment
• Potential for fee-based
income
• Access to expertise
and new business
opportunities
• Reduce development
and investment risk
• Increase long-term firm
value and synergies
• Diversified portfolio
• Grow through project
development and
acquisition
• Enhance value
through prudent
management and
value engineering
• Maximize synergy
• To benefit from the
‘mass transit
premium’
6
INVESTMENTEFFICIENT USE
OF CAPITALSUSTAINABILITY PARTNERSHIPS
MASS TRANSIT LINK
5 PILLARS OF SUSTAINABLE VALUE ACCRETION
• Respond to changes
in consumer lifestyles,
including digital
disruption
• Environmental
awareness
• Benefit to communities
• Enterprise value/Return
to Shareholders
Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Section 1: U City in Brief
Prepared by Investor Relations DepartmentU CITY PCL
BUSINESS OVERVIEWHospitality Focused Portfolio at the Start of a Multi-Year Earnings Expansion Period
Hospitality Office
Residential Property Land Bank & Others
Hospitality segment includes a geographically diversified portfolio of owned, leased and managed hotels in Europe and Asia.
Office segment has lettable space comprising of 2 office buildings in London, UK and 1 office building in Bangkok, Thailand
Through our 50% stake in the BTS-Sansiri JV (Sansiri JV), we develop condominiums near mass transit lines. We recognise equity income or a share of profit from the JV
64% of our land bank value is located adjacent to future or current mass transit lines and is therefore well-positioned to benefit from the ‘mass transit premium’
33 GracechurchStreet, London 6-14 Underwood
6-14 Underwood Street, London
TST Tower,Bangkok
Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Section 1: U City in Brief
Prepared by Investor Relations DepartmentU CITY PCL
2,620
176 1,204
1,380
2017 Hospitality Office Alternatives Residential 2022
5-YEAR TARGETPoised to Emerge as Thailand’s Leading International Property Investor
FY 2017 FY 2022
Operating Revenue
Recurring Net Profit
Operating Revenue20% CAGR
Recurring Net Profit15% Margin*
Key Growth Drivers
Hospitality All pipeline keys becoming operational 5% revenue CAGR for owned hotels
Office Full-year effect of acquisitions and rent reversion
Alternatives Share of profit from international school, The Unicorn mixed-use building
Residential Future gross development value of THB 68bn
CAPEX / Investment 5-year aggregate of THB 14.6bn
5-YEAR TARGET – Operating Revenue of THB 9,400mn, Recurring Net Profit of THB 1,360mn
Operating Revenue Development (Growth 2017 -2022)
* Note: revenue includes share of profit in BTS-Siri JV, Keystone JV and Property management services revenue
9,400
4,030
8
4,030
9,410
72% Overseas28% Thailand
59% Overseas41% Thailand
1,360
(127)
Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Section 1: U City in Brief
THB mn
THB mn
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s information
9
Prepared by Investor Relations DepartmentU CITY PCL
Management Platform Brands Under Management Details
Vienna House Capital(100% subsudiary)
Pan-European hotel portfolio, hotel management company and associated brands
4-star boutique hotels across South East Asia with a unique blend of local heritage and modern design
Absolute Hotel Services(50% JV)
3-5 star hotels under the motto of "Value For All Occasions" with signature properties in Thailand, India, Indonesia, Vietnam and Middle East
Travelodge is recognised worldwide as a leading brand in the midscale limited service segment
RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYHOTEL PORTFOLIOStrategic Expansion Flexibility Through a Diverse Spectrum of Brands
Section 2.1: Recurring Income Property Business – Hospitality
Two dynamic hotel management platforms that are mutually complementing, offering strategic flexibility
and a springboard for global expansion, under Vienna House and Absolute Hotel Services
Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Management Platform Brands Under Management Details
Vienna House Capital
(100% subsidiary)
Pan-European hotel portfolio, hotel management company
and associated brands
4-star boutique hotels across South East Asia with a unique
blend of local heritage and modern design
3-5 star hotels under the motto of "Value For All Occasions"
with signature properties in Thailand, India, Indonesia,
Vietnam and Middle East
Absolute Hotel Services
(50% JV) Travelodge is recognized worldwide as a leading brand in
the midscale limited service segment
10
Prepared by Investor Relations DepartmentU CITY PCL
RECURRING INCOME PROPERTY BUSINESS – HOSPITALITYHotel Portfolio Snapshot
11
NUMBER OF HOTELS AND KEYS GEOGRAPHICAL BREAKDOWN BY KEYS
Section 2.1: Recurring Income Property Business – Hospitality Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Operating In Pipeline
hotels keys hotels keys
Subsidiaries 40 7,351 6 2,145
Owned 24 3,963 1 394
Leased 8 1,459 4 976
Managed 8 1,929 1 775
Joint Ventures 21 2,564 28 14,274
Managed 21 2,564 28 14,274
Total 61 9,915 34 16,419
Owned 24 3,963 1 394
Leased 8 1,459 4 976
Managed 29 4,493 29 15,049
OWNED & LEASED
MANAGED
*
**
*Total owned and leased of Operating and in Pipeline**Total managed of Operating and in Pipeline
Prepared by Investor Relations DepartmentU CITY PCL
OWNED HOTELS (24+1)A Geographically Diversified Hotel Portfolio
12
OWNED HOTEL PERFORMANCE
Section 2.1: Recurring Income Property Business – Hospitality Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
Hotel Name Country No. of Keys
Vienna House Amber Baltic Poland 194
Vienna House Andel's Lodz Poland 277
Vienna House Diplomat Praque Czech Rep 398
Vienna House Easy Airport Bucharest Romania 176
Vienna House Easy Amberg Germany 110
Vienna House Easy Katowice Poland 203
Vienna House Easy Bad Oeyhausen Germany 146
Vienna House Easy Bratislava Slovakia 167
Vienna House Easy Braunschweig Germany 176
Vienna House Easy Castrop-Rauxel Germany 84
Vienna House Easy Coburg Germany 123
Vienna House Easy Cracow Poland 220
Vienna House Easy Günzburg Germany 100
Vienna House Easy Landsberg Germany 103
Vienna House Easy Limburg Germany 99
Vienna House Easy Neckarsulm Germany 95
Vienna House Easy Pilsen Czech Rep 144
Vienna House Easy Trier Germany 105
Vienna House Easy Wuppertal Germany 130
Eastin Grand Hotel Sathorn Thailand 390
Eastin Thana City Golf Resort Thailand 194
U Inchantree Kanchanaburi Thailand 50
Anantara Chiang Mai Thailand 84
Avani Khon Kaen Thailand 195
Total keys 3,963
HOTELS IN OPERATION (24)
HOTELS IN PIPELINE (1)
Hotel Name Country No. of Keys
Eastin Grand Hotel Phayathai Thailand 394
Total keys 394
2,878 2,862 2,812
2,098 1,903 1,752
72.9%66.5%
62.3%
2017 2018 1Q 2019
ADR RevPar OCC
(THB)
Vienna House Diplomat Prague
Prepared by Investor Relations DepartmentU CITY PCL
Vienna House Easy Berlin
OPERATING LEASED HOTELSA Capital-Efficient Growth Vector for Our European Hotel Business
13
OP. LEASED HOTEL PERFORMANCE
Section 2.1: Recurring Income Property Business – Hospitality Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
HOTELS IN OPERATION (8)
HOTELS IN PIPELINE (4)
Hotel Name Country No. of Keys
Vienna House Andel's Berlin Germany 557
Vienna House Andel's Cracow Poland 159
Vienna House Easy Berlin Germany 152
Vienna House Easy Leipzig Germany 205
Vienna House QF Dresden Germany 95
Vienna House Mokotow Warsaw Poland 164
U Chiang Mai Thailand 41
U Sathorn Thailand 86
Total keys 1,459
3,503 3,4533,219
2,8022,567
1,997
80%74.3%
62.0%
2017 2018 1Q 2019
ADR RevPar OCC
Hotel Name Country No. of Keys
Vienna House Kronberg Germany 108
Vienna House Easy Raunheim Germany 180
Revo Munich Germany 608
Customs House by Vienna House Thailand 80
Total keys 976
(THB)
Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin
Prepared by Investor Relations DepartmentU CITY PCL
MANAGED HOTELS (29+29)Growth Engine that Benefits from Economies of Scale
14
HOTEL IN OPERATION (29) HOTEL IN PIPELINE (29)
Section 2.1: Recurring Income Property Business – Hospitality Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
No. Hotel Name Country No. of Keys
1 Angelo by Vienna House Ekaterinburg Russia 211
2 Angelo by Vienna House Prague Czech Rep 168
3 Liner Airport Hotel Ekaterinburg Russia 152
4 Marriott Minsk Hotel Belarus 217
5 Vienna House Andel's Prague Czech Rep 290
6 Vienna House Dream Castle Paris France 397
7 Vienna House Magic Circus Paris France 396
8 Vienna House Martinspark Dornbirn Austria 98
9 Eastin Ashta Resort Canguu Bali Indonesia 130
10 Eastin Easy Aishwarya Talegaon India 90
11 Eastin Grand Hotel Saigon Vietnam 268
12 Eastin Hotel Makkasan Thailand 280
13 Eastin Hotel Tan Chiang Mai Thailand 119
14 Eastin Residences Muscat Oman 50
15 Eastin Residences Vadodara India 44
16 Mountain Lodge By U Thailand 7
17 Travelodge Pattaya Central Thailand 164
18 Travelodge Sukhumvit 11 Thailand 224
19 U Janevalla Bandung Indonesia 119
20 U Jomtien Thailand 63
21 U Khao Yai Thailand 63
22 U Nimman Chiang Mai Thailand 150
23 U Pattaya Thailand 44
24 U Sukhumvit Thailand 82
25 U Tropicana Alibaug India 32
26 U Zenmaya Phuket Thailand 50
27 U Paasha Seminyal Bali Indonesia 99
28 Holiday Inn Leuchtenbergring* Germany 279
29 Holiday Inn Munich Westpark* Germany 207
Total keys 4,493
No. Hotel Name Country No. of Keys
1 Eastin Easy Vita India 50
2 Travelodge Niman Chiang Mai Thailand 150
3 Eastin PhatLinh Hotel Halong Vietnam 334
4 Eastin Hotel & Residences Hanoi Vietnam 200
5 Eastin Grand Hotel Panorama Nha Trang Vietnam 1,056
6 Eastin Hotel Habour Bangkok Vietnam 456
7 Eastin Hotel NhaTrang Vietnam 180
8 Eastin Hotel Saigon (Covert) Vietnam 310
9 Eastin Lakeside Hotel Hanoi Vietnam 90
10 U Kata Phuket Thailand 86
11 Travelodge Jomtien Thailand 150
12 U Lombok Indonesia 110
13 U North Pattaya Thailand 270
14 Travelodge Phuket Town Thailand 180
15 Eastin Grand Hotel Vung Tau Vietnam 4,000
16 Eastin Grand Hotel Hong Van Hotel Halong Vietnam 380
17 Eastin Grand Resort Danang Vietnam 300
18 U Manado Indonesia 120
19 Skye By Travelodge NhaTrang Vietnam 4,300
20 U Danang Vietnam 154
21 U Riverside Hoi An Vietnam 150
22 U Mui Ne Vietnam 108
23 U Bang Rak Samui Thailand 60
24 U Phu Quoc Vietnam 150
25 Eastin Easy Pen India 350
26 Travelodge Jatujak Bangkok Thailand 200
27 Travelodge Laguna Phuket Thailand 200
28 Eastin Residences Sriracha Thailand 180
29 Vienna House Vung Tau Vietnam 775
Total keys 15,049
Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL
15
Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris
Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris
WUPPERTAL
Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL
16
Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig
Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig
Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL
17
Visualization
VisualizationVisualization
VisualizationVisualization
VisualizationVisualization
Visualization
Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL
18
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
U Sathorn Bangkok
Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL
19
Eastin Grand Sathorn
Eastin Grand Sathorn Eastin Grand Sathorn
Eastin Grand Sathorn Eastin Grand Sathorn
Eastin Grand Sathorn
Prepared by Investor Relations DepartmentU CITY PCL
20Section 2.1: Recurring Income Property Business – Hospitality
Eastin Hotel Makkasan
Eastin Hotel Makkasan
Eastin Hotel Makkasan
Eastin Hotel Makkasan
Eastin Hotel Makkasan
Eastin Hotel Makkasan
Prepared by Investor Relations DepartmentU CITY PCL
21Section 2.1: Recurring Income Property Business – Hospitality
Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon
Eastin Easy Aishwarya Talegaon
Section 2.1: Recurring Income Property Business – Hospitality Prepared by Investor Relations DepartmentU CITY PCL
22
Travelodge Pattaya
Travelodge Pattaya Travelodge Pattaya
Travelodge Pattaya Travelodge Pattaya
Travelodge Pattaya
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s information
23
Prepared by Investor Relations DepartmentU CITY PCL
33 Gracechurch Street
Situated within the heart of London, fronting the
Gracechurch Street, one of the City’s main
thoroughfares, and close walking distances to
underground stations Bank and Monument
RECURRING INCOME PROPERTY BUSINESS – OFFICEOffice Portfolio Snapshot
24Section 2.2: Recurring Income Property Business – Office
27,184 Sqm
Net Floor Area
Office BuildingNet Floor Area
(sqm)Occupancy
Gracechurch Street (London) 8,747 100%
Underwood Street (London)* 2,370 0%
TST Tower (Bangkok) 16,067 99%
Total/Weighted Average 27,184 91%
33 Gracechurch Street, London
6-14 Underwood Street, London
TST Tower,Bangkok
91 %
Occupancy
Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
* Renovation completed in February 2019
6-14 Underwood Street
Situated within the heart of the tech area of London,
less than 650 meters from Old Street Roundabout, aka
‘Silicon Roundabout’ due to the increasing number of
tech companies relocate to the area. Excellent
transport links
TST Tower
Situated in a burgeoning business area en-route to
Don Muang International Airport and 15 mins from
Mochit BTS Station
Prepared by Investor Relations DepartmentU CITY PCL
33 GRACECHURCH STREET, LONDON
Situated within the heart of the City of London,fronting the western side of Gracechurch Street,one of the City’s main thoroughfares, and benefitsfrom close walking distances to undergroundstations Bank and Monument
33 GRACECHURCH
STREET, LONDON
25
Property Details
Ownership 144-year lease expiring on 18 Jan 2162
Head Rent 5% of the gross rental income
Building Specifications
• Comprehensively refurbished and extended in 2007
• NFA: 8,747 sqm
Tenants• 7 tenants• Average lease term of 7.90 years
Atmosphere around Gracechurch, London Atmosphere around Gracechurch, London
Atmosphere around Gracechurch, London
Prepared by Investor Relations DepartmentU CITY PCL
26
6-14 UNDERWOOD STREET, LONDON
Situated within the heart of the tech city area ofLondon and is less than 650 meters from OldStreet Roundabout, known as ‘SiliconRoundabout’. Due to the increasing in number oftechnology, media and telecommunications manycompanies choosing to relocate to the area. Theproperty also benefits from excellent transportlinks; including underground, rail and bus services.
6-14 UNDERWOOD STREET, LONDON
Property Details
Ownership 37-year lease expiring in 25 Dec 2055
Head Rent GBP 111,250 per annum
Building Specifications
• Comprises of three attractive Victorian warehouse buildings
• NFA: 2,370 sqm over basement, ground and three upper floors.
Tenants • In negotiations with potential tenants
Atmosphere around Underwood Street, London
Atmosphere around Underwood Street, London
Atmosphere around Underwood Street, London
Atmosphere around Underwood Street,
LondonAtmosphere around
Underwood Street, London
Prepared by Investor Relations DepartmentU CITY PCL
TST TOWER, BANGKOK
27
Situated in a burgeoning business area en-routeto Don Muang International Airport and 15 minsfrom Mochit BTS Station, the area is closed to anumber of major Thai corporate headquartersand foreign offices including PTT, Thai Airways,Bangkok Airways, Thai-Rath, Ericsson, Fuji-Xeroxand Halliburton
TST TOWER
Property Details
Ownership Freehold
Building Specifications
• One high-rise office tower with multi-floor parking
• NFA: 16,061 sqm on 24 floors
Anchor Tenants
• BTS Group• VGI Media • U City• Office of SME Promotion
Atmosphere around TST Tower
Atmosphere around TST Tower
Atmosphere around TST Tower
Atmosphere around TST Tower
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s information
28
Prepared by Investor Relations DepartmentU CITY PCL
RESIDENTIAL PROPERTY BUSINESSJoint Venture with Sansiri
29Section 2.3: Residential Property BusinessInformation in this presentation is based on 1Q 2019 financial reports, except indicated otherwise
PARTNERSHIP ROADMAP
2015
2016
50:50 JV to develop a targeted THB 100bn worth of condominiums along current and future mass transit lines through the JV with Sansiri PCL with an expected NPAT margin 12%
2018
• The LINE Jatujak – Mo Chit Project value: THB 5,815mn No. of units: 841
• The LINE Sukhumvit 71Project value: THB 1,967mn No. of units: 291
• The LINE RatchathewiProject value: THB 2,851mn No. of units: 231
• The LINE Asoke-RatchadaProject value: THB 3,022mn No. of units: 473
• The BASE Garden Rama 9Project value: THB 2,336mn No. of units: 640
• The LINE Phahon-PradipatProject value: THB 5,890mn No. of units: 981
2017
• The BASE Phetkasem 29Project value: THB 2,012mn
No. of units: 640
• The MONUMENT Thong LoProject value: THB 6,258mn
No. of units: 127
• The LINE SathornProject value: THB 3,910mn
No. of units: 327
• The LINE Sukhumvit 101Project value: THB 4,653mn
No. of units: 778
• KHUN BY YOO Project value: THB 4,069mn No. of units: 148
• The LINE WongsawangProject value: THB 4,776mn No. of units: 1,288
The LINE WongsawangThe LINE
Sukhumvit 101
The LINE
Jatujak-Mo Chit
Fully transferred
• The BASE SaphanmaiProject value: THB 2,921mn No. of units: 820
• The LINE Phahonyothin ParkProject value: THB 4,961mn No. of units: 880
2019The LINE
Sathorn • The BASE Ratchada-ThapraProject value: THB 3,050mn
No. of units: 1,037
• VIA Sukhumvit 34Project value: THB 1,345mn
No. of units: 82
• Yak Phang MuangProject value: THB 1,842mn
No. of units: 315
Prepared by Investor Relations DepartmentU CITY PCL
30
THE BASE Sapanmai
THE LINE Phahonyothin Park
THE LINE Phahon Pradipat
THE LINE Ratchathewi
THE MONUMENT Thong Lo
KHUN BY YOO
THE LINE Sukhumvit 101THE LINE Sathon
THE BASE Phetkasem
THE LINE Wongsawang
Active Projects
RESIDENTIAL PROPERTY BUSINESS
(THB mn) 1Q 2019 4Q 2018 1Q 2018 % QoQ %YoY
Value 1,310 778 769 68.4% 70.4%
No. of units 314 228 288 37.7% 9.0%
*Net of cancellations
PRESALES BACKLOG SCHEDULE
(THB mn)
*Backlog as of 8 April 2019. Not equity adjusted
5,219
6,928
3,546
1,053
2019 2020 2021 2022 Total
16,745
PRESALES UPDATE
Active Projects along Mass Transit Lines
Presales Update and Backlog Schedule
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s information
31
Prepared by Investor Relations DepartmentU CITY PCL
LAND BANKSufficient Land Bank For Multi-Year Development
Khukhot51.7 rai (8.3 ha)
Mochit11.1 rai (1.8 ha)
Bangkrachao25.4 rai (4.1 ha)
Ratburana27.5 rai (4.4 ha)
Suksawad16.6 rai (2.7 ha)
Land Bank
NATIONWIDE LANDBANK PORTFOLIO
Total of 881.6 rai (1.41mn sqm) divided into 132.4 rai (0.21mn sqm) located in Bangkok & Vicinities and 749.2 rai (1.20mn sqm) upcountry
Bangkok & Vicinities
132.4 rai (21.2 ha)
Nakorn Ratchasima
747.2 rai (119.6 ha)
Chonburi (to be disposed)
2.0 rai (0.3 ha)
BOOK VALUE OF LAND BANK 31 MAR 2019
THB bn Book Value
Bangkok & Vicinities 6.6
Upcountry 1.4
Total Land Bank 8.0
% Near Mass Transit 63%
Land Bank along Mass Transit Lines
Prepared by Investor Relations DepartmentU CITY PCL
33
51 levels of mixed use complex building comprising retail, office, 4-star hotel and premium residences
RetailNFA: 2,816 sqm
Office NFA: 22,499 sqm
Premium Residence118 unitsNFA: 7,560 sqm
Hotel397 keysNFA: 20,714 sqm
THE UNICORN, PHAYATHAI
THE UNICORN
Project at a Glance
Project value Approximately THB 9.2bn
Land Area 7.3 Rai or 1.2 Ha (11,749.6 sqm)
GFA 120,400 sqm
LocationAdjacent to 2 mass transit stations: BTS Phayathai Station and Airport Rail Link
Status 8% Progress
Project period Approximately 48 months
Project Details
Prepared by Investor Relations DepartmentU CITY PCL
34
The Unicorn: Commercial Preliminary Concept Design
Prepared by Investor Relations DepartmentU CITY PCL
ROI CHAK SAM
35
A luxurious 5-star hotel project in a rare, historic,colonial-era heritage building located along magnificentChao Praya Riverside, on Charoen Krung road
Total AreaNFA: 12,300 sqm
World-ClassDining Experience
5-Star Luxurious Hotel
ROI CHAK SAM
Project at a Glance
Project value Approximately THB 4.6bn
Land Area 6.3 Rai or 1.0 Ha (10,148 sqm)
LocationOn the Chao Praya Riverside, SoiCharoenkrung 36, Bangrak, Bangkok
ConceptFocus on the harmony between the ancient custom house and new building
Management Company
Inhouse brands and management platform
Project Details
Prepared by Investor Relations DepartmentU CITY PCL
VERSO INTERNATIONAL SCHOOL AT THANA CITY
36
A 50:50 joint venture between U City and Hong Kong Partner who has extensive experience in International School to provide educational services for up to 1,800 students from grade 1 to 12
VERSO INTERNATIONAL
SCHOOL
Project at a Glance
Project Details
Project value Approximately THB 4.8bn
Land Area 109.8 Rai or 19.1 Ha (191,642 sqm)
Location Thana City
ConceptProviding unique learning experience and paring modern technology and contemporary teaching techniques
Status 35% Progress
Project period Approximately 36 months
Construction period
2017 1Q 2020
Start Completion
Prepared by Investor Relations DepartmentU CITY PCL
CONTENTS
Section 1 U City in Brief
Section 2 Recurring Income Property Business
Section 2.1 Hospitality
Section 2.2 Office
Section 2.3 Residential Property Business
Section 3 Land Bank and Others
Section 4 Company’s Information
37
Prepared by Investor Relations DepartmentU CITY PCL
COMPANY’S INFORMATION
38
STOCK PROFILE
* Bloomberg as of 29 March 2019. Excludes preference shares
Mr. Keeree KanjanapasChairman
Mr. Rungson SriworasatIndependent Director / Chairman of Audit Committee / Nomination & Remuneration Committee
Mr. Chaiwat AtsawintarangkunIndependent Director / Chairman of Nomination & Remuneration Committee / Audit Committee
Mr. Plakorn WangleeIndependent Director / Audit, Nomination & Remuneration Committee
Mr. Paisal TarasansombatIndependent Director / Audit, Nomination & Remuneration Committee
Mr. Surajit GongvatanaDirector / Chairman of Executive Committee
Mr. Kavin KanjanapasDirector
Mr. Kong Chi KeungDirector
Ms. Piyaporn PhanachetExecutive Director / Chief Executive Officer
Mr. Sayam SiwarapornskulExecutive Director / Chief Legal Officer / Company Secretary
Top 10 Shareholders (29 March 2019)
1 BTS Group Holdings PCL 35.8%
2 Trophy Capital Growth Fund 10.8%
3 Thai NVDR Co Ltd 2.2%
4 The Vanguard Group Inc 2.2%
5 Sukalya Tongpan 1.6%
6 Komol Jungrungreangkit 1.4%
7 Wichit Chinnawongworakul 1.4%
8 Somkiet Chatsakulwilai 0.9%
9 Chaiyan Chakarakul 0.9%
10 Thongpleow Siripornpitak 0.8%
Stock Code U / U-P
Market Capitalisation THB 12,462mn
Total Outstanding Shares 5,614mn
Total Preference Shares 11,970mn
Website: http://www.ucity.co.th
BOARD OF DIRECTORS