Highwealth Construction Corp. · TWSE:2542
Highwealth Construction — Investor Conference 2011
12 slides from Highwealth Construction's conference presentation, 2011
Slide 1: Highwealth Construction Corp.
. Highwealth Construction Corp. TEL:886-2-2755-5899 http://www.highwealth.com.tw
Slide 2: Company Profile
Company Profile ․ 1980 Established ․ 1999 Listed in TWSE ․ 2003 Company name changed to “Highwealth Construction” ․ 2010 Paid in capital totaled NT$7,122,348,430 ․ Among top three construction firms in Taiwan by capitalization ․ Chairman & CEO: Cheng Chin-Tien ․ President: Cheng Chih-Lung ․ Headquar
Slide 3: Project pipeline
Project pipeline Land bank for 2011~2014 Land value Area GFA(Ping) Amount(NT1000) Percentage (NT1000) Keelung 1,788.38 205,663 1,518,600 1% Taipei 32,687.43 53,122,711 110,399,374 72% Taichung 10,757.42 11,435,457 28,750,562 19% Tainan 1,141.03 251,030 19,340 0% Kaoshiung 6,419.19 4,025,258 13,711,4
Slide 4: Revenue
Revenue NT$ bn 30 25 20 15 10 5 0 2005 2006 2007 2008 2009 2010 Year 3.1bn 7.3bn 9.8bn 10.7bn 18.9bn 27.5bn 3
Slide 5: Projects in Greater Taipei
Projects in Greater Taipei 4
Slide 6: Projects in Greater Taichung
Projects in Greater Taichung 5
Slide 7: Projects in Greater Kaoshiung
Projects in Greater Kaoshiung 6
Slide 8: Features and Target Customers
Features and Target Customers ․ Major project locations: Top four metropolitans in Taiwan (Taipei, Xinbei, Taichung and Kaoshiung) ․ Features: Upscale residential housing with sophisticated design & decor and advanced management systems ․ Target customers: 1.Replacement homebuyers - large high-end r
Slide 9: Project differentiation and market uptrend
Project differentiation and market uptrend ․ Downtown Taipei projects Due to the uptrend of land prices in downtown Taipei, projects are mainly designed to: -- High-end residential housing: Demand driven by economic recovery and continuous fund inflow. -- Small sophisticated suite: For singles or fa
Slide 10: Core competency and earnings review
Core competency and earnings review ․ Core competency: Highwealth is among top three private property developers in Taiwan with a capitalization of NT$7.1bn. With a land bank totaling 52,793 ping, the company is in keeping with the market trend and has projects across the island. Chairman Cheng Chin
Slide 11: Taiwan property market outlook
Taiwan property market outlook ․ After more than a decade of slowdown, Taiwan’s property market started to pick up in 2004 after the economy was devastated by the SARS epidemic, boosted by the pent-up demand for residential housing, unprecedented low interest rate, and increased government spending.
Slide 12: Taiwan property market outlook
Taiwan property market outlook ․ We believe the recent “luxury tax on property” from Taiwan government is to curb the property speculation rather than to cool down the market. Although the housing price may be constrained in the short-term due to negative impact on sentiment, the new policy should b