Analyst Meeting 3Q23

November 2023

Executive Summary of 3Q23 Performance

2,464 MB

1,993 MB

31.0%

Presales +32% QoQ

Transfer -6%QoQ

%GP

-0.9% QoQ

20.6%

26.2%

0.42

%SG&A +0.6% QoQ

%Net Profit -0.5%QoQ

IBD ratio

- QoQ

2,590 MB

-

29 MB

Launched 2 projects

Closed

- project Land Capex Low rise

2

3Q23

Operating

Highlight

3

Presales & Transfer 3Q23

Presales

MB

2,355

1,872

2,464

+32% QoQ

206

289

+18%YoY

298

MB

2,066

1,574

2258

3Q22

2Q23

3Q23

Transfer

2,143

MB

2,120

1,993

-6% QoQ

211

391

224

-7%YoY

1,932

1,729

1,769

3Q22

2Q23

3Q23

Housing Condo

6,474

6,384

700

794

-1%YoY

5,774 5,590

9M22 9M23

6,027

5,704

555

750

-5%YoY

5,472

4954

9M22 9M23

4

Project Launch in 2023

1Q23

3Q23

4Q23

4Q23

Casa Ville

Laddarom

Q District

Vararom

Pinklao

Putthamonthon

MRT

Wongwaen

sai 3

Suksawat 76

Romklao

- SDH

- SDH

- SDH

- TH

- Hi-End

- Mid-End

- Hi-End

- Mid-End

- 1,058 MB

- 1,161 MB

- 804 MB

- 2,348 MB

6 Projects

1 2 3 45

1Q23

3Q23

Vararom

Q District

Ratchapruek

Suksawad 78

Tadmai

- TH

- SDH

- Mid-End

- Hi-End

- 1,098 MB

- 1,794 MB

6

Rescheduled to 1Q24 Casa Ville Thepharuk Thanasith

  • TH
  • Mid-End
  • 2,628 MB

Total Value

8,263 MB

Hi-End :Mid-End

44% : 56%

5

Active Projects & Backlog 3Q23

As of 3Q23

Remaining Projects

Remaining Value (MB)

67 projects

38,271 MB

Type

Status

12

33

10,589

19,225

DH

Prebuilt

TH

Prebuilt

Condo

Presales

22

8,457

Remaining Project Location

10%17%

90%83%

Low Rise

Condo

Bangkok & Greater Bangkok

Provinces

Backlog

2021

773

19

792

2022

604

62

666

3Q23

1172

81

1,253

Low rise

Condo

6

3Q23

Financial Highlight

7

Financial Highlight

Unit: MB

3Q23

2Q23

3Q22

QoQ

YoY

Revenue

Property for sales

1,993

2,120

2,143

-6%

-7%

Low-rise

1,769

1,729

1,932

2%

-8%

Condo

224

391

211

-43%

6%

Property for rent

356

304

274

17%

30%

Office

35

34

74

0%

-53%

Hotel

321

269

201

19%

60%

Other income

72

78

58

-7%

23%

Total revenue

2,421

2,502

2,475

-3%

-2%

SG&A

499

501

476

0%

5%

Equity income from associates

422

438

407

-4%

4%

Net profit

634

669

640

-5%

-1%

9M23

9M22

YoY

5,704

6,027

-5%

4,954

5,472

-9%

750

555

35%

972

675

44%

102 224 -54%

870

451

93%

212

174

21%

6,888

6,877

0%

1,482

1,457

2%

1,313

1,169

12%

1,896

1,740

9%

8

Equity Income from Associates

Equity Income 3Q23, 422 MB +4% YoY

3%

7%

HMPRO

305 MB

0% YoY

18%

LHFG

74

MB

+11% YoY

QHPF

29

MB

+10% YoY

74%

QHHR

14

MB

+66% YoY

Market Value (MB) per QH Stake

As of 30 Sep 2023

32,663

37,480

2,968

1,196

653

HMPRO

LHFG

QHPF

QHHR

Total

QH Stake

20%

14%

26%

31%

9

Financial Ratio

Financial Ratio

Gross profit margin

3Q23

2Q23

3Q22

Property for sales

31.0%

31.9%

32.1%

Low-rise

33.7%

35.1%

32.9%

Condo

9.1%

17.7%

25.7%

Property for rent

41.9%

41.7%

38.1%

Office

55.3%

54.9%

59.7%

Hotel

40.5%

40.1%

30.2%

Total

32.6%

33.1%

32.8%

SG&A to total revenue (%)

20.6%

20.0%

19.0%

Net profit margin (%)

26.2%

26.7%

26.1%

(excluding extra gain and provision)

9M23 9M22

32.0% 33.3%

34.4% 34.0%

16.7% 26.9%

41.9% 38.0%

55.0% 62.1%

40.4% 26.0%

33.5% 33.8%

20.3% 20.1%

27.9% 26.4%

10

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Disclaimer

Quality Houses pcl published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 11:35:05 UTC.