3,946 4,580 4,415 4,5815,985

4,719 4,202 4,403

1,3211,638 2,100

3,620 1,517

3,238

876849 759

910

1,992 1,177

1,1491,142

985

2,333

Q3 18 Q2 19Q1 18

7,697

Q4 19

307

Q2 18 Q4 18

698

Q1 19

238

Q3 19

725

Q1 20

6,426

8,454 7,953

9,6678,932

5,4606,124 6,124

-31.4%

Q1 2020 Revenue (+51% JV)

1,052 1,071 1,123 1,200

13,198

17,521

21,000

7,926

8,679

18,145

4,3503,431

5,229

4,227

7,140

4,41125,607

28,214

20192017

307

32,499

2018 (Restated)

2020FC

33,690

Condominium

51% JV

Service

Low Rise

Mill

ion

Bah

t

Restated 1

5,399 MB(-30.7%)

+4.8%

2

Q1 2020: AP Performance

Q1 2020: JV Performance

3

2,703

3,148

3,953

3,064

618

34.4%35.7%

18.8% 19.1%

13.3%

19.8%

Y2016

20.5%

14.2%

Y2017

32.8%

19.4%

17.7%

14.5%

Y2018 (Restated)

34.3%

22.9%

Y2019

20.8%

12.9%

Q1 2020

34.5%

19.8%

21.2%

11.4%

Net Profit Quarterly Performance

8651,188

927 973 1,078

487 618881

618

16.8%

15.6%

15.7%

Q1 18

21.2%

35.1%

18.6%

19.4%20.4%

16.5% 13.7%

23.6%

18.4%

36.6%

Q2 18

32.3%

22.2%

33.9%

20.3%

11.4%

Q3 18

31.5%

Q1 20

33.0%

11.4%

33.3%

Q4 18 Q2 19

32.9%

19.3%21.2%

34.5%

Q1 19

23.9%

10.2% 10.5%

35.1%

35.9%35.1%

Q3 19

38.7%

29.0%

Q4 19

16.4%

34.5%

35.0%

20.8%

34.9%

17.8%

33.7%

19.2%

34.2%

13.8%

19.8%

-42.7%%SG&A

%GP

%NI

Net profit

4

Restated

Q1 2020 Balance Sheet Position

26,914 26,296 25,568

35,07332,498

27,525

61,986

53,093

Q1 2020 Q4 2019

Total Liab

ility

Q1 2019

Total Eq

uity

58,794

5

28,09020,760

35,050

8,025 7,270

16,485

3,270

17,10027,100

20202018 2019 Q4 2020Q2 2020

47,860

Q1 2020 Q3 2020

45,190

+5.9%-26.8%

Low Rise

Condominium

Number of Project 2020 Q1’20 Q2’20 Q3’20 Q4’20

Low rise 33 7 6 16 4

- SDH 17 4 6 5 2

- TH 16 3 - 11 2

Total 33 7 6 16 4

35,050mb

2020 New Launch Phasing: Postpone CD Launch

6

+68.8%

Presales Performance as of 30th April 2020

12,33114,822

19,652 18,419

22,500

10,033

28,15621,646

14,438

11,000

2016 2017 20192018 2020FC

41,29842,978

22,365

32,857 33,500

5,2104,714

5,690

4,037

6,2225,065

4,557

2,574

5,096

1,796

8,323

6,892

Q1 2019

Q3 2018

Q2 2018

April 2020

Q1 2018

Q2 2019

Q4 2019

Q4 2018

YTD 2019

Q3 2019

Q1 2020

YTD 2020

-18.1%

-17.2%

4,806

2,534

7,7386,568 6,363

3,144 3,210

1,721949 486

6,673

1,436

Q3 2019

Q4 2019

Q4 2018

Q1 2018

Q1 2019

Q3 2018

Q2 2018

Q2 2019

Q1 2020

April 2020

YTD 2019

YTD 2020

-85.1%-78.5%

Mill

ion

Bah

t Condominium

Low Rise

7

Please note that there is no new CD launch in YTD 2020.

+98.0%

22,500

6,892

11,000

Presales Target

1,436

15,608

9,564

YTD Presales

33,500 33,500

YTG

Low rise

CondominiumPresalesTHB

Million

Low Rise 6,892

Condominium 1,436

of which JV Condo 771

Presales Achievement 8,328

% Achievement 24.9%

2020 Presales Target 33,500

Presales Achievement as of 30th April 2020

8

Backlog by Segment: AP & JV

Note: Data as of 30th April 2020

9

Backlog includes April 2020 transfer value which is not yet announced.

AP Condo Backlog & Transfer Schedule

3,201

4,352

1,536

3,029

20222020 20242021 2023

Backlog

Based Completion

10

Q1

Q3

Note: Data as of 30th April 2020

JV Condo Backlog & Transfer Schedule

13,80614,13413,325

14,165

9,963

14,650

2,469

10,500

5,265

2021 20222020 2023 2024

Based Completion

Backlog

11

Q1

Q3

Note: Data as of 30th April 2020

Total Condo Backlog: THB 42.1 Billion

18,48617,194

9,963

14,650

2,469

10,500

5,265

20232020

14,861

2021 2022

17,007

2024

AP Backlog

Based Completion

JV Backlog

12Note: Data as of 30th April 2020

Revenue & Backlog as of 30th April 2020

25,350

5,162

7,314

2,431

14,907

Revenue Target YTD

41.2%

AP BacklogTHB

Million

Low rise 7,314

Condominium(2020 Portion)

2,431

3M 2020 Property Revenue

5,162

Total Backlog(2020 Portion)

14,907

% Secured Revenue 58.8%

2020 Property Revenue Target

25,350

Property Revenue

2020 Condo BL

Low Rise BL

13

Disclaimer:

This presentation may include information which is forward-looking in nature.Forward-looking information involve known and unknown risks, uncertainties andother factors which may impact on the actual outcomes, including economicconditions in the markets in which AP (Thailand) and general achievement of AP(Thailand) business forecasts, which will cause the actual results, performance orachievement of AP (Thailand) to differ, perhaps materially, from the results,performance or achievements expressed or implied in this presentation.