Sino Land Co. Ltd. · HKEX:83
Sino Land — H1 FY2018/19 Earnings Presentation
20 slides from Sino Land's earnings presentation, Feb 28, 2019
Slide 1: Interim Results for the six months ended 31 December 2018
Interim Results for the six months ended 31 December 2018
Slide 2: Contents
Contents Page – Financial Results Highlights 1 – Business Overview A) Earnings of projects recognised for the six months ended 31 December 2018 4 B) Projects in Hong Kong launched for sale but earnings have not yet been recognised 5 C) Projects in Hong Kong expected to be launched for sale in 2019 6
Slide 3: Disclaimer
Disclaimer This document and the information contained herein are intended to be for general information purpose only. It does not purport to be comprehensive nor to provide any investment or other professional advice. It is not or should not be regarded as any advertisement or propaganda materials.
Slide 4: Financial Results Highlights
Financial Results Highlights Interim 2018/19 Interim 2017/18 % Change Revenue HK$4,597.8m HK$ 3,927.9m ↑ 17.1% Underlying net profit HK$2,370.3m HK$ 8,927.6m ↓ 73.4% from operations (Note 1) Net profit attributable HK$3,130.6m HK$10,366.6m ↓ 69.8% to shareholders (Note 2) Notes (1) Excluding the one
Slide 5: Financial Results Highlights: Good rental growth
Financial Results Highlights Good rental growth Interim 2018/19 Interim 2017/18 % Change Gross rental revenue* HK$2,097.5m HK$2,000.4m ↑ 4.8% Net rental revenue* HK$1,830.1m HK$1,747.2m ↑ 4.7% Total gross value of investment properties attributable to the Group increased by 1.2% to approximately HK$
Slide 6: Financial Results Highlights
Financial Results Highlights Cash and bank deposits of HK$26,574.6 million and debts of HK$4,228.1 million with a resulting net cash position of HK$22,346.5 million High liquidity with cash resources, including attributable share of associates and joint ventures, of HK$30,855.9 million 31/12/2018 30
Slide 7: Earnings of projects recognised for the six months ended 31 December 2018
Earnings of projects recognised for the six months ended 31 December 2018 Percentage of Stake Total number Project Name Location units sold (%) of units as of 28 February 2019 Commune Modern Fanling 100 296 98% The Spectra Long Ping (North) 40* 912 99% Providence Bay Pak Shek Kok 35 482 99% * MTRC ‘
Slide 8: Projects in Hong Kong launched for sale but earnings not yet recognised
Projects in Hong Kong launched for sale but earnings have not yet been recognised Percentage of Stake Total number Project Name Location units sold (%) of units as of 28 February 2019 Grand Central Kwun Tong 90 1,999 75% Mayfair By The Sea 8 Pak Shek Kok 100 528 50% Madison Park Cheung Sha Wan 100 1
Slide 9: Projects in Hong Kong expected to be launched for sale in 2019
Projects in Hong Kong expected to be launched for sale in 2019 Stake Location Usage Plot ratio area (sq.ft.) Number of units (%) 24A Kadoorie Avenue Residential 100* 309,707 175 STTL 611, Ma On Shan Residential 100 119,351 93 Lot 1181 in DD 215, Sai Kung Residential 100 51,592 33 Total 480,650 301 *
Slide 10: Land bank as at 31 December 2018
Land bank as at 31 December 2018 Total land bank: 21.7 million sq. ft. Mainland Hong Overseas (in million square feet) Total China Kong Singapore Sydney Property under development 4.3 4.8 - - 9.1 Investment properties & hotels 0.9 10.1 0.7 0.2 11.9 Completed properties for sale 0.1 0.6 - - 0.7 Total
Slide 11: Land bank – Hong Kong
Land bank – Hong Kong Total land bank: 15.5 million sq. ft. as at 31 December 2018 Residential IndustrialRetail 4% Hotel 4% 4% 2% Hotel 5% Car Park 15% Retail Office 34% 13% Industrial Residential 21% 74% Office 24% Completed investment properties, hotels & stock Properties under development Total:
Slide 12: Land bank – Mainland China
Land bank – Mainland China Total land bank: 5.3 million sq. ft. as at 31 December 2018 Residential Office Hotel 1% 1% 1% Retail Serviced 5% apartment 6% Retail Office 39% 60% Residential 87% Completed investment properties, hotels & stock Properties under development Total: 1.0mn sq.ft. Total: 4.3mn
Slide 13: Land acquisitions since July 2017
Land acquisitions since July 2017 Stake Attributable Project Name/Site Usage (%) Plot Ratio Area (sq. ft.) STTL 611, Whitehead, Ma On Shan 100 Residential 119,351 NKIL 6549, Cheung Sha Wan 22.5 Residential 222,258 AIL 467 Site B, Wong Chuk Hang Station Package Two 50* Residential 246,496 Property De
Slide 14: Development properties in Hong Kong as at 31 December 2018
Development properties in Hong Kong as at 31 December 2018 Stake Attributable Project Name/Site Location (%) Plot Ratio Area (sq.ft.) Grand Central Kwun Tong 90* 1,346,383 YLTL 532 Yuen Long 100 497,620 Mayfair By The Sea 8 Pak Shek Kok (East) 100 412,530 Lot 1040 in D.D. No. 103 Package One Kam She
Slide 15: Development properties in Mainland China as at 31 December 2018
Development properties in Mainland China as at 31 December 2018 Attributable Stake Project Name Location Plot Ratio Area (sq.ft.) (%) (in 000’s) Dynasty Park Zhangzhou 100 2,302 The Palazzo Chengdu 20 1,685 T102 – 0262, Qianhai Shenzhen 50 248 Chengdu International Community Chengdu 20 39 Total 4,27
Slide 16: Property investment
Property investment Steadily-growing rental income from diversified portfolio Breakdown by Rental Revenue Carpark Gross Rental Income for six months for the past six years Industrial 8% 8% Residential In HK$ million 4% Office Retail 23% 57% Breakdown by Floor Area Carpark 14% Industrial 16% Retail 3
Slide 17: Hotel business
Hotel business Revenue and Operating Profit from Hotel Portfolio HK$ mn 800 (-0.3% yoy) 707 705 700 653 640 600 500 400 (-4.0% yoy) 298 286 300 268 272 200 100 0 31-Dec-2015 31-Dec-2016 31-Dec-2017 31-Dec-2018 Revenue Operating Profit 14
Slide 18: Hotel business: Singapore
Hotel business Total number of Room: 400 Awards received Singapore • DestinAsian Readers’ Choice Awards (Top Ten Hotels in Singapore 2017-2019) • Condé Nast Traveler’s Readers’ Choice Awards (#3 among “Top Ten Hotels in Singapore” 2018) • The American Chamber of Commerce in Singapore (AmCham CARES A
Slide 19: Hotel business: Sydney and Hong Kong
Hotel business The Westin Sydney * Total number of room: 416 Award received Sydney • Finalist Outstanding Community Contribution, TAA NSW Awards, 2018 Hong Kong Total number of room: 32 Award received • Certificate of Excellence 2018, TripAdvisor • Country Winner of Luxury Contemporary Hotel, World
Slide 20: Thank You
¢) Sino Land Company Limited Trusted Brand « Solid Foundations THANK YOU
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