KeeTai — Call Transcript 2023

Dec 26, 2023

Kee Tai Properties Co., Ltd - 2023 On Line Investor Meeting - - 2023 12 27 TAIEX 2538

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Disclaimer

The estimated information referred in this presentation and the simultaneous release of relevant information is based on our Company‘s information derived from the Company data and the overall economic development.

Such estimated information will be subject to risks, uncertainties and inferences that will be partly out of our control and the actual results may differ materially from these estimated information. This may be due to various factors including but not limited to the increase in raw material costs, market demand, changes in various policies and ordinances, the financial and economic conditions and other risks beyond our Company's control.

The information provided in this presentation does not expressly or imply any representation as to its correctness, completeness or reliability nor does it represent a complete statement of our Company, the state of the industry or any subsequent major developments. The outlook for the future, response our Company so far the views for the future, for these views, the future if any changes or adjustments, our Company does not guarantee the correctness of the present information, and does not have the update or amendment presentation information content responsibility.

This presentation and its contents shall not be freely accessible to any third party without the written permission of our Company.

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~~General Brief~~ Financial Results Operation Summary Urban renewal in preparatiom Vision

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General Brief

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Profile

• Established in 1979

• TSEC IPO in 1996

• ：

• Paid-in Capital NT$4,384,487,640

• Number of Shares ： 438,448,764

• Total Net Value : 6,177,412 thousand

• TAIEX ： 2538

• Website ： http://www.keetai.com.tw/index.html

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History

• Nov 1979 Established

• Nov 1996 TSEC Initial Public Offering

• Feb 1998 Issued the first domestic non-guaranteed convertible bonds NT $ 1 billion

• Aug 2006 Issued the “KeeTaiStar Real Estate Investment Trusts“(REITs), which was the first and only one launched by construction company

• Oct 2012 Issued the second domestic guaranteed convertible bonds NT $ 700 million

• Nov 2013 Issued the third domestic guaranteed convertible bonds NT $ 1 billion

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Awards

• 1994 “XinChun“ won the “Pre-sale Residence” 1st prize of Chinese Golden Stone Award

• 2000 “Century Louvre“ won the “New Residence“ 1st prize of Chinese Golden Stone Award

• 2004 “Century Louvre” won the 12th “Excellent Stone Award” Champion

• 2004 “HsinyiStar” was the winner of Golden Octagonal Jade Award

• 2007 “HsinyiStar” was voted top ten luxury residential which selected by Apple Daily

• 2011 Winner of the 8th Grand A of Information Transparency and Disclosure Ranking Results in Taiwan by SFI

• 2015 “KeeTaiZhongxiao” was selected to be the 3rd of 7S construction site clean movement in general engineering group by Department of Environmental Protection

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Financial Results

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Consolidated Income Statement

onsolidated Income Statement	onsolidated Income Statement	onsolidated Income Statement	onsolidated Income Statement	onsolidated Income Statement	onsolidated Income Statement	onsolidated Income Statement
Unit：million (NTD)
Item	2018	2019	2020	2021	2022	2023/Q3
Operating income	148	174	507	255	351	280
Gross margin	103	96	161	156	264	199
Operating profit	-15	-103	-26	-30	93	4
Non-Op. income	69	-183	-86	-82	96	1,864
Net income	51	-291	-126	-122	176	1,780
Other comprehensive income (Net after tax)	29	-26	-63	-23	-56	-4
Total comprehensive net income	80	-317	-189	-146	120	1,777
Earnings per share	0.10	-0.68	-0.32	-0.31	0.44	1.31

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Consolidated Balance Sheet

Unit ： million (NTD)

Item	2018	2019	2020	2021	2022	2023/Q3
Current assets	14,062	14,919	15,650	15,971	24,069	18,507
Otherassets	5,438	5,187	5,167	5,110	1,059	1,278
Total Assets	19,500	20,106	20,818	21,081	25,128	19,785
Current liabilities	8,709	9,914	11,083	11,791	18,855	13,565
Non-current liabilities	3,119	3,100	3,050	2,970	71	43
Total Liabilities	11,827	13,014	14,133	14,761	18,926	13,608
Share capital	4,384	4,384	4,384	4,384	4,384	4,384
Capital reserve	59	59	59	59	59	59
Retained earnings	2,814	2,254	1,874	1,518	1,491	1,846
Otherequity	416	395	368	359	268	-112
Total Equity	7,673	7,092	6,685	6,320	6,202	6,177

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Operation Summary

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Commercial Real Estate

Finished Residence Ongoing Construction

Pre-sale construction

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Commercial Real Estate

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KeeTai Zhongxiao (The sales contract was signed on October 4, 2023.)

Base Area：448.31 ping

Building Plan：37stories above ground and 6 stories basement Location：No. 80, Sec. 1, ZhongxiaoW. Rd., ZhongzhengDist., Taipei City 100, Taiwan (R.O.C.)

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Finished Residence

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KeeTai Taida

Base Area：533 ping

Building Plan：19stories above ground and 6 stories basement

Location：No. 309~319, Sec. 3, Roosevelt Rd., Da’anDist., Taipei City 106, Taiwan (R.O.C.)

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Finished Residence

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KeeTai Shimao Base Area：210.24 ping

Building Plan：11stories above ground and 2 stories basement

Location：Ln. 284, WuxingSt., XinyiDist., Taipei City 110, Taiwan (R.O.C.)

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Finished Residence

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KeeTai Earl

Base Area：3,219.78ping Building Plan：ShuangpinBuilding and Elevator building

Location：Ln. 217, Sec. 3, XiwanRd., XizhiDist., New Taipei City 221, Taiwan (R.O.C.)

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Ongoing Construction

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KeeTai Jianzhong

Base Area：206.3 ping

Building Plan：9stories above ground and 2 stories basement

Location：Next To No. 260, JuguangRd., WanhuaDist., Taipei City 108, Taiwan (R.O.C.)

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Ongoing Construction

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KeeTai Huang River

Base Area：191.18 ping

Building Plan：12stories above ground and 2 stories basement

Location：Next To JianminPark ,Opposite To No. 23, Ln. 16, WenlinRd., ShilinDist., Taipei City 111, Taiwan (R.O.C.)

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Ongoing Construction

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KeeTai Daan

Base Area：149.13 ping

Building Plan：8 stories above ground and 2 stories basement

Location：Next To No. 47, Ln. 304, Sec. 1, JianguoS. Rd., Da’anDist., Taipei City106, Taiwan (R.O.C.)

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Ongoing Construction

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KeeTai Bihu

Base Area：338.19 ping Building Plan：15 stories above ground and 3 stories basement

Location：Next To No. 741, Sec. 1, NeihuRd., NeihuDist., Taipei City114, Taiwan (R.O.C.)

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Ongoing Construction

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KeeTai Dazhi

Base Area：215.99 ping Building Plan：12 stories above ground and 3 stories basement

Location：Aly. 3, Ln. 94, DazhiSt., ZhongshanDist., Taipei City104, Taiwan (R.O.C.)

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Pre-sale construction

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Master of Xiangshan(In Sales) Base Area：255.31 ping

Building Plan：22 stories above ground and 3 stories basement

Location：Sec. 3, MuzhaRd., WenshanDist., Taipei City116, Taiwan (R.O.C.)

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Urban renewal in preparation

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Urban renewal

Name	Area	Place	Lotsize(ping)	situation
KT052	Neihu	Bihusection 3th subsection	956	Business Plan Approval
KT060	Beitou	Dayesection 4th subsection	1,007	Business Plan Approval
KT063	Xinyi	Wuxingsection 3th subsection	2,550	Business Plan Under Review
KT066	Zhonghe	MRTsection	1,212	Rights Transformation Under Review
KC	Wunshan	Shijiansection 2th subsection	1,558	Business Plan Under Review

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Vision

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Deepening Roots for Greater Growth in Taipei and New Taipei Cities, Accelerating Transformation.

Contribute to Retail Profits

Residence Operating Commercial Real estate

Increase Operating Income

Create long-term value

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Upgrade
Smart Homes of
the Future
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Estate Capability

~~Renewal Cases~~

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Q&A
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Thanks!

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