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HEMARAJ TO SPEND 40 BILLION BAHT IN FIVE YEARS FOR EXPANSION

(Following is a press release of Hemaraj Land & Development
Pcl via an electronic mail. The statement was confirmed by the
sender.) 
2013 Hemaraj Business Outlook 
------------ 
Press Information Kit
February 6, 2013 
Contents 
     Press Release: 
Hemaraj’s Promising 2013 Outlook 
SET-listed Hemaraj announces a dynamic investment plan
and defines its top priorities for 2013 and beyond 
     Hemaraj 2013 Outlook Presentation 
Press Release 
06-02-13 
Hemaraj’s Promising 2013 Outlook
SET-listed Hemaraj announces a dynamic investment plan and
defines its top priorities
for 2013 and beyond 
Bangkok, 6 February 2013 - Following a record business
performance in 2012, Hemaraj Land And Development Public Company
Limited (Hemaraj) is set for an overall robust outlook this year.
As it gets ready to mark the company’s 25th anniversary, the
management of Hemaraj has indicated a 5-year investment plan of
Baht 40 billion, Baht 8.0 billion of which will be invested this
year to expand the company’s four business lines: Industrial
Estates, Utilities, Power and Property. 
In addition, Hemaraj is embarking on the joint development of
Hemaraj Chonburi Industrial Estate 2.  Covering a land area of
640 rai (256 acres or 102 hectares), the new project is
scheduled to be available in late 2013. 
Industrial Estates: Looking Toward Further Expansion 
As the original activity of Hemaraj, Industrial Estates are
foreseen to continue their development and contribution to the
company’s income and performance. 
Representing a combined land area of 36,137 rai (14,500 acres or
5,800 hectares), Hemaraj’s seven industrial estates provide
facilities and services to 555 distinct customers and 832 land
or factory contracts, including 188 in the automotive and 54 in
the chemical/petrochemical industries.  Over the past 25 years,
it is estimated that the total consolidated investments
generated by Hemaraj customers is approximately USD 25 billion,
contributing extensively to Thailand’s development and growth. 
Credited for more than 45% of the company’s operating revenue,
Industrial Estates still present a high potential for steep
growth, thanks to several factors such as the continuing
development of Thailand’s automotive industry, the increased
number of Free Trade Agreements with Australia, China, India,
Japan and AFTA; the relocation of some industries from flood-affected areas to the Eastern Seaboard and the overall
attractiveness of Thailand towards investors from Australia,
Japan and the USA. 
David Nardone, President & CEO of Hemaraj, said: “With our
leading market position, Hemaraj Industrial Estates benefit from
several competitive advantages, such as great infrastructure,
environmental and town planning, industry integrated clusters,
state-of-the-art utilities and the financial strength of our
company”. 
This year, Hemaraj targets double digit revenue growth, with the
projected sale of another 1,600 rai (640 acres or 256 hectares),
50 new customers and 80 contracts. 
Utilities: Target Revenue of Baht 2 Billion 
Utilities, which mainly cover water-related services from
potable water supply to wastewater treatment, became a
significant part of Hemaraj’s activities approximately 10 years
ago. Today, it represents 22% of the company’s operating revenue.
Following strong performance in 2012, Hemaraj foresees another
20% growth this year, representing a target revenue of Baht 2
billion in 2014. 
Two main elements are expected to help Hemaraj accomplish this
objective.  Firstly, the expansion of the company’s Industrial
Estates has a mechanical effect that will lead to increased
needs for Utilities.  Secondly, several Hemaraj customers are
involved in industries such as automotive, steel, petrochemical
and power generation which are important users of Utilities,
from raw water, potable water and clarified water to wastewater
treatment and maintenance. 
Mr. Vivat Jiratikarnsakul, Hemaraj’s Executive Vice President
explained: “As a business line, Utilities is a natural
complement of Industrial Estates.  The more the latter grows,
the more the former is needed by our customers.  Over the last
ten years, we have accumulated significant expertise in
environmental, water treatment and wastewater technologies.  We
plan to continue to leverage on the competence we have acquired
in this field.” 
Power: Strong growth in SPP Power projects 
On the footsteps of GHECO-One, a 35/65 joint-venture with Glow
(GDF Suez Energy International), Hemaraj holds 25.01%
shareholding equity of its first SPP project (126 MW) with Gulf-J-Power Japan to operate by mid-2013.  Further growth is
expected from power co-generation with another seven potential
SPP projects of 120 MW each. 
“In this sector, added David Nardone, I believe we have two
factors for further growth. The first one is the significant
market represented by our existing Industrial Estates. The
second one is our current partnership and enriching experience
with international players such as Glow GDF Suez and Gulf-J-Power Japan.” 
Through dividends, Power already contributes to 8% of Hemaraj’s
operating revenue and is expected to double within the next five
years, representing a significant driver of earnings. 
Property: Dynamic Development of Ready Built Factories and
Logistics Parks for Rent 
Already contributing to a quarter of Hemaraj’s operating revenue,
Ready Built Factories and Logistics Warehouses are poised for
impressive expansion this year.  With a projected rental area of
over 120,000 sq.m, Ready Built Factories are expected to achieve
over 50% growth.  Logistics Warehouses, Hemaraj’s latest
business product, will grow even more significantly, coming from
an additional 100,000 sq.m. for rent out of 180,000 sq.m.
currently under construction.  Both rental-based, these two
products offer the dual advantage of answering the needs of
Hemaraj’s customers while providing recurring income to the
company. 
“We believe that Thailand remains an attractive industrial base,
thanks to a positive investment climate, improving market access,
reasonable operating costs and good
infrastructures”, explained David Nardone, “This is the reason
why, for this year and beyond, we are confident that our broad-based revenue strategy, characterized by the expansion of our
four business lines, will translate into better earnings
predictability and superior long term returns to our
shareholders, he said.” 
In the Property sector, following the acquisition of 258 rai
(103 acres or 41 hectares) in 2012  at Koh Lan, Pattaya, Hemaraj
is also gearing up to launch a fully-integrated real estate
project.  The master plan is expected to be completed in 2013,
with the 1st phase of construction starting in 2014. 
-Ends-
About Hemaraj
Hemaraj Land And Development Public Company Limited is
Thailand’s leading developer of Industrial Estates, Utilities,
Power, and Property Solutions. 
Hemaraj develops seven industrial estates of  36,137 rai (14,500
acres, 5,800 hectares) and 700,000 square meters of Ready Built
Factories and Logistics Parks.  Industrial customers are
automotive, petrochemical and other clusters comprising 555
distinct customers, 188 automotive customers with 287 automotive
contracts, 832 land or factory contracts, and a customer
investment estimate of USD 25.0 billion. 
Utilities include provision of 265,000 cubic meters per day of
industrial water and waste water treatment. Power development
operating or under planning and development are 13 projects of
2,635 megawatts with 23% Hemaraj shareholding. 
Hemaraj received the “Excellent” (5 logos) corporate governance
recognition level from Thai Institute of Directors (IOD) in 2009,
2010, 2011, and 2012. 
For  further  information  concerning  Hemaraj  Land  And
Development  Public  Company Limited  (SET  symbol  Hemraj),
please  visit  our  website  at  www.hemaraj.com  or contact us
by email at invest@hemaraj.com 
Mr. Paopitaya Smutrakalin, Director - Investor Relations
Hemaraj Land And Development Plc.
18/F UM Tower, 9 Ramkhamhaeng, Suanluang
Bangkok 10250, Thailand
Tel: 662-719-9555 to 9 Fax: 662-719-9546 to 7 
Khun Suthatip Anantapornsuk or Khun Wandee Lerdsupongkit
Hemaraj Public Relations
C/O Francom Asia
Tel:  02 233 4338 ext. 12 and 19
Fax:  02 236 8030
E-mail: pr@francomasia.com 
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