Sivaram Real Estate Public Company Limited ("SVR") is moving forward with plans to raise funds on the mai stock exchange by offering an IPO of up to 130 million shares, aiming to launch new horizontal property development projects in the future, reinforcing its potential as an expert in horizontal property development around Bangkok and its vicinity, paving the way for high growth.

Mr. Attapawit Manothamraks, Managing Director of Sivaram Real Estate Public Company Limited ("SVR"), revealed that the COVID-19 pandemic over the past 2-3 years has led to a shift in consumer behavior, with an increased focus on purchasing horizontal residences (single houses and townhomes). This is reflected in the group of consumers who have a real demand for housing, choosing projects based on usable space and functions that facilitate working from home, at price points that are affordable and meet various lifestyle needs. As a result, the demand for horizontal residences in the Bangkok and surrounding areas, priced under 5-7 million baht, has continuously increased over the past 2-3 years up to the present.

Given the high demand for horizontal residences, Sivaram ("SVR") has strategically planned to develop residential properties in all forms priced between 1 to 7 million baht to align with the needs of consumers seeking real housing. The company focuses on developing properties on land sizes not exceeding 50 rai per project to allow for diverse project developments in various areas that meet demand without creating excess supply. This strategy has resulted in all of Sivaram's projects being sold out within 1 to 3 years.

With a vision and commitment to being a property developer that continuously creates innovative products and services to meet all lifestyle needs, SVR emphasizes distinctive residential design and selects project locations with potential, developing projects near community hubs or workplaces, and essential transportation infrastructure (main roads, expressways, motorways, and train stations) to cater to every lifestyle and generation, paving the way for future project development.

The increasing demand from consumers for horizontal housing in Bangkok and its vicinity has led to a growing market trend. In 2022, the market is expected to grow at a rate of 4.5% compared to 2021. This has prompted Sivaram ("SVR") to accelerate project development continuously.

To meet this demand, the number of projects developed increased from 2 in 2019 to 9 in 2022, driven by the concept of "Best Smart Living" featuring 4 S's: 1.) Smart Location - convenient access to major infrastructure and proximity to public transport; 2.) Smart Space - designing usable space based on residents' needs for maximum efficiency; 3.) Smart Value - ensuring the price paid by residents offers maximum value; and 4.) Smart Home - incorporating innovations that cater to the lifestyles of all generations. This approach effectively meets the living needs of residents.

Mr. Ronarut Thitisuriyarak, Senior Chief Financial Officer of Sivaram Real Estate Public Company Limited ("SVR") added that the company's commitment to sustainable business growth has led to plans for listing on the mai stock exchange to raise funds for future project developments covering Bangkok and its vicinity.

An analysis of the company's financial performance shows continuous growth. For the first nine months ending September 31, 2022, total revenue was 532 million baht with a net profit of 36 million baht. In 2021, revenue from sales was 576 million baht with a net profit of 64 million baht; in 2020, revenue was 557 million baht with a net profit of 42 million baht; and in 2019, total revenue was 243 million baht with a net loss of 5 million baht. Meanwhile, the debt-to-equity ratio (D/E) remains low, with a D/E of only 1.39 times as of the first nine months of 2022. The company has set a D/E policy of 3:1 before the IPO and 2:1 after the IPO.

This demonstrates the company's strong potential to navigate the economic challenges posed by the COVID-19 pandemic over the past three years, reflecting significant growth in revenue and profit for Sivaram ("SVR"), reinforcing the outlook for continued high growth in the future through expanded investments and new project developments.

Mr. Ekkachak Buahapakhdee, Managing Director of Capital One Partners Co., Ltd. stated, as a financial advisor, that Sivaram ("SVR") is preparing to offer shares to the public for the first time (IPO) of up to 130 million shares, representing no more than 25.49% of the total issued and paid-up shares after the offering, with a par value of 1.00 baht. Sivaram ("SVR") is a developer of horizontal properties, including residential projects in Bangkok, its vicinity, and other provinces, with high growth potential, making it a new real estate stock to watch due to changing consumer behavior that demands housing solutions for all generations.

However, the company's key business aligns with its vision and mission to be a property developer that continuously creates innovative products and services to meet all lifestyle needs, delivering quality communities with sustainable happiness through the development of quality products, services, and organizations that adapt to changes while addressing customer needs across all price levels and generations to foster sustainable growth alongside customers, partners, shareholders, and employees.