1Q2024 Corporate Presentation
DISCLAIMER
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 ("Central Pattana, "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 Central Pattana operates and general achievement of Central Pattana business forecasts, which will cause the actual results, performance or achievements of Central Pattana to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.
This presentation has been prepared by the Central Pattana. 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 Central Pattana 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.
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AGENDA
- Key Highlights
- Company Overview
- 2023 Recap & 2024 Guidance
- 1Q24 Business Updates
- Announced Project Pipeline
- Financial Performance
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KEY HIGHLIGHTS
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KEY INVESTMENT CONSIDERATIONS
The largest retail property developer in Thailand and the only player who can offer complete "center of
life" ecosystem with additional support from Central Group
Well-diversified portfolio through retail-ledmixed-use strategy with synergy between retail/non-retail
resulting in robust retail and office occupancy
Accommodative macro factors from robust domestic consumption in mid-to-high income segment
with tailwinds from foreign tourists' recovery
Solid financial structure reaffirmed by TRIS with "AA" ratings and "stable" outlook with continual
improvement in net D/E
Integrated ecosystem with CPNREIT & CPNCG as assets recycling vehicles for mature assets
#1 DJSI World 2023 in real estate management & development category reflecting commitment to ESG
through net zero journey and a robust Sustainability Framework
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THE 360-DEGREE CENTER OF LIFE THROUGH SUPPORT FROM THE 1
• 1 million+ daily footfall traffic overall
• More than 2,500 brands and 7,000+ tenants
(38 Malls, 17 Com Mall, 1 JV)
(29 Projects) | (10 Projects) |
1,000+ Keys
- Central Group's The 1 is Thailand's largest loyalty platform with over 20 million members and more than 3,000 brands in The 1 ecosystem
- The 1 Biz is the partnership between CPN and tenants to gain more insights on shoppers through data analytic tools, CPN currently has 800+ brands under The 1 Biz ecosystem
2023 - STRONG PERFORMANCE
New Project launches | ||
+11 | ||
+ value enhancement | ||
through renovation |
>70Int brand opening first stores at CPN
+1
40 17
ESG initiatives
Partner Champion
with tenants
+5
33
All-time-high revenues/ NPAT/ DPS
All-time-high retail gross profit margin
Net D/E improved from 0.82x to 0.71x
+5
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2024 KEY HIGHLIGHTS
New Project launches | |||
+13 | |||
+ opening of hotel at | |||
Dusit Central Park | |||
6 | Asset enhancement | ||
projects | |||
ESG initiatives
Partner
Champion
with tenants
NLA +~90,000 sqm and +10% target revenue growth
Support CPNREIT capital raising
Continued improvement in net D/E
+2
42 17
+10 +1
4310
*10 hotels excluding Dusit Central Park project
COMPANY OVERVIEW
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CENTRAL GROUP STRUCTURE
CPN is the property development arm of Central Group, the largest retail conglomerate in Thailand
(est 1980)
(est 1956)
(est 1980)
Owner, developer, and manager of | Multi-format retail operators | Owner, developer, and manager of hotel |
retail-ledmixed-use development | chains and operator of chain restaurants |
Fashion
Hardline
Food
Property
Health & Wellness
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Central Pattana pcl published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 08:55:05 UTC.