MEET OUR PRESIDENT
MESSAGE FROM THE CHIEF
EXECUTIVE OFFICER
In2015, Univentures PCLanditssubsidiaries reported a better operating performance than the prior year despite the sluggish pace of the overall economic recovery. The Company recorded a year-on-year expansion of 45% in its revenues from sales, rental and rendering of services
Dear, Shareholders of Univentures PCL. In 2015, Univentures PCL and its subsidiaries reported a better operating performance than the prior year despite the sluggish pace of the overall economic recovery. The Company recorded a year-on-year expansion of 45% in its revenues from sales, rental and rendering of services, with a strong surge of 47% inprofit attributableto owners of the Company. Revenue growth contributed mainly from the business accomplishments of Grand Unity Development Co., Ltd. (GUD) and Golden Land Properties Development PLC (GOLDENLAND) in real estate development for sales that showed a year-on-year rise of 61%. This remarkable growth was supported mainly by the government stimulus plans which included measures such as reduction in property transfer and mortgage fees, easing of credit conditions for housing loans, and individual income tax exemption for first-time home buyers of self­ dwelling property with a value of less than Baht 3 million. In addition, the Company's rental
income from leasing and renting of commercial property also increased 21% from the prior year. The main rental income source was from the Park Ventures Ecoplex Building.
All these accomplishments become challenges that drive the Company towards its continual forward movement and sustainable expansion plan. The Company requested the shareholder resolution from an Extraordinary General Meeting of Shareholders in December 2015 to approve the share capital increase of Golden Land Properties Development PLC and the sales of this share capital increase of 685.7 million shares to Fraser Property Holdings (Thailand) Co., Ltd. (FPHT), a subsidiary of the Frasers Centrepoint Limited (FCL), at Baht 7.25 per share, for atotal amount of Baht 4,971 million. This transaction provided Golden Land Properties Development PLC with additional investment funds for further business expansion and benefits from its future business alliance with FCL which is a leading Singaporean property development company.
The Company is also please to inform its shareholders that its "Golden Ventures REIT" which was co-founded by Univentures PCL and Golden Land Properties Development PLC shall begin its trading in the Stock Exchange of Thailand on April 4, 2016.
As the Chief Executive Officer of Univentures PCL, Iwish to thank our executives, employees, and all stakeholders who have trusted and strongly supported the Company's management. Lastly, Iwould like to assure all our shareholders and stakeholders that we are committed to transparently
and efficiently conducting our business with the intention to lead our Company towards the prospect of becoming the foremost company in property investment and development that achieves sustainable growth and generates suitable returns for all our shareholders and stakeholders.
MESSAGE FROM THE PRESIDENT
In 2015, Univentures PCLand its subsidiaries created a better operational achievement than its prior year. Revenues from sales, rental and rendering of services expanded 45%,whereas profit attributable to owners of the Company also rose 47% from the previous year.
Dear, Shareholders of Univentures PCL. In 2015, Univentures PCL and its subsidiaries created a better operational achievement than its prior year . Revenues from sales, rental and rendering of services expanded 45%, whereas profit attributable to owners of the Company also rose 47% from the previous year. Revenue growth contributed mainly from its business accomplishments in real estate development for sales of Grand Unity Development Co.,Ltd. (GUD) which created its business concept under a slogan of "Plan Every Step, Consider Every Aspect, Enjoy Every Square Meter".The meaning of "Plan Every Step" shows its interest inevery detail of condominium design aiming to provide buyers with the full valueof its utilizable area that suits their living styles. Furniture and fixtures are uniquely and specially designed under the concept of "Consider Every Aspect"to perfectly fit with the layout plan of each unit so that buyers can "Enjoy Every Square Meter" of their condominium units that are fully equipped with utilization functions that are mostly suitable to their daily lives. The construction was made on a high standard of quality that provides buyers with trust and confidence in the company's products. The business success of GUD, together with the business achievements of Golden Land Properties Development PLC (GOLDENLAND) in their sales of property developments, creates another successful year for the Univentures Group in term of its business operations. GOLDENLAND emphasized state-of-the-art designs that provide ultimate utilization benefits under
efficient cost controls. Rental of commercial property was another business activity that recorded operational success during the pastyear. The Park Ventures Ecoplex Building was the first office rental building in Thailand to be awarded the platinum honor of "Leadership in Energy and Environmental Design (LEED)" from the U.S. Green Building Council (USGBC). Its occupancy rate reached a high of 99% and commanded the highest rental rate in the Bangkok Metropolis of Baht 1,200 per square meter. In 2015, its average rent per square meter increased 6% from the prior year. The Sathorn Square Office Tower was also awarded the goldhonor of "Leadership in Energy and Environmental Design (LEED)" from the U.S.Green Building Council (USGBC). It had 85% occupancy rate and an average rent per square meter of Bahl 740 per square meter.
The Company pays attention to the importance of good corporate governance and is fully confident that good corporate governance is beneficial for its business operations ; while in the long-term, adds value and promising returns to its shareholders. Good governance improves the trust and confidence of shareholders, investors and all other related parties. The Company therefore reviewed the Company's Corporate Governance Policy and Code of Conduct to comply with the Principles of Good Corporate Governance for Listed Companies, prescribed by the Stock Exchange of Thailand (SET), particularly in issues such as Risk Management Policy, "Whistleblowing Policy and Whistleblower Protection Scheme". In addition, the Company also prescribed an internal system to assure the compliance of its Corporate Governance Policy and Code of Conduct, aiming to create and develop a superior organizational culture.
The Company also put the Company's Corporate Governance Policy and Code of Conduct as an agenda item in the orientation for its newly recruited staff, and required its entire staff to endorse their compliance with the Company's Code of Conduct.
For corporate social responsibility, the Company still commits to pay full attention to all its business processes that may directly or indirectly cause potential impact to the environment andsociety. Concurrently, itencourages all its stakeholders to be aware and be responsible for the natural environment and society via its campaign activities such as:
Toxic waste knowledge which includes waste sorting and special handling of hazardous waste for building tenants and visitors,
Energy saving via an "Are you energy efficient" campaign which promotes energy saving behavior among building tenants and visitors, provides relevant knowledge on environmental crisis and energy saving guidelines,
Fund raising for the Foundation for Environmental Education for Sustainable Development (Thailand): FEED THAILAND which promotes the promising future of mankind and environment via learning how to live in harmony with nature, and provide integrated knowledge of nature to youth and young adults of the newgeneration. The campaign activity iscalled "MELT VENTURES" program.
The Company's successful achievements inthe pastyear resultedfromthededication and support of our executives, employees, and all stakeholders. Iwould like to express my appreciation and thanks to all of you who have trusted our management and havealways been our great support. I hope that you will continue to trust and support us in the future so that we can all march together toward our corporate path of success,to become a leading company in the property investment and development sector,that is capable of generating appropriate returns for all our shareholders andstakeholders whilecreating sustainable growth for our company.