Sunland — H1 2016 Earnings Presentation
21 slides from Sunland's earnings presentation, Nov 8, 2016
Slide 1: Half Year Results 2016
HALF YEAR RESULTS 2016 Sunland Group
Slide 2: Group Overview
GROUP OVERVIEW
Slide 3: Sunland Group celebrating 21 years as a listed company
In 2016, Sunland Group is celebrating 21 years as a listed company on the Australian Securities Exchange and more than 30 years as a leading property developer, delivering award-winning, design-driven communities along Australia’s eastern seaboard. The Group’s core operating segments comprise Reside
Slide 4: Group Narrative and Key Milestones
G R O U P N A R R AT I V E A N D K E Y MI L E S T O N E S CHAPTER ONE CHAPTER TWO CHAPTER THREE CHAPTER FOUR CHAPTER FIVE CHAPTER SIX 1983—1990 1991—1999 2000—2005 2006—2009 2010—2014 2015—BEYOND PIONEERING YEARS CREATIVE INNOVATION NATIONAL EXPANSION GLOBAL GROWTH STRATEGIC EVOLUTION NEW HORIZONS [
Slide 5: National Portfolio
N AT I O N A L P O R T F O L I O The Group’s portfolio represents 6,000 residential homes, urban land lots and multi- storey apartments, representing $3.7 billion. RESIDENTIAL MULTI-STOREY URBAN TOTAL HOUSING # # # # 2,700 1,683 1,616 5,999 $M $M $M $M 2,258 1,141 346 3 ,74 5
Slide 6: Key Results
K E Y R E S U LT S S UNLAND CONT INUES T O FOCUS ON T HE DELIVERY OF IT 'S EX ISTING P OR TFOLIO W I TH E ARNINGS WEIGHT ED T OWA RDS T HE SECOND HA LF OF T HE FIN A NCI A L Y EA R . MODEST FIRST HALF RESULTS WITH GUIDANCE EXPECTED TO BE ACHIEVED KEY OPERATIONAL HIGHLIGHTS FOR PERIOD ENDING 31 DECEM
Slide 7: 2016 Portfolio Under Construction & Coming Soon
2 0 16 P O R T F O L I O U N D E R C O N S T R U C T I O N & C O M I N G S O O N COMING SOON* BRISBANE GRACE m u lt i - s to r e y TOWNSVILLE B AYS ID E u r b a n d e v e lo p m e n t ST LUCIA residential housing GOLD COAST THE LAKES m u lt i - s to r e y / r e s i d e n t i a l h o u s i n g PA L M
Slide 8: 1H Financial Review
1H 16 F I N A N C I A L R E V I E W
Slide 9: Financial Performance
FINANCIAL PERFORMANCE RESIDENTIAL HOUSING AND URBAN DEVELOPMENT KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 31 DECEMBER 2015 ■■ Delivery of residential portfolio activities is weighted towards 2H16. $M 1H16 1H15 % CHANGE ■■ Return on cost continues to be well above Group objective of 20%. TOTAL REVEN
Slide 10: Portfolio Review
PORTFOLIO REVIEW
Slide 11: Operational Review - Sales and Settlements
O P E R AT I O N A L R E V I E W — S A L E S A N D S E T T L E M E N T S HISTORICAL SALES VALUE AND VOLUME (YEAR ENDING 30 JUNE 2015) PROJECTS TO BE LAUNCHED 2H16 ■■ Shea Residences (St Lucia) – QLD ■■ Heights Residences (Pimpama) – QLD 500 1200 800 509.0 ■■ The Lakes Residences (Mermaid Waters) – Q
Slide 12: Operational Review - Projects Under Construction
O P E R AT I O N A L R E V I E W — P R O J E C T S U N D E R C O N S T R U C T I O N 304822 MULTI-STOREY PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 31 DECEMBER 2015) $240M URBAN UNSE TTL ED CONTRACTED % CONTRACTED 22% $346M LOTS LOTS LOTS 30% # $M # $M # $M UNSETTLED LOTS MULTI-STOREY 150 240 150
Slide 13: Operational Review - Total Development Portfolio
O P E R AT I O N A L R E V I E W — T O TA L D E V E L O P M E N T P O R T F O L I O 62929 URBAN TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 31 DECEMBER 2015) $346M HOUSING $1,141M 10% TO BE UNDE R TOTAL DE V E LOPMENT 30% RE L E ASED CONSTRUCTION PORTFOLIO # ( $M) # $M # $M TOTAL PORTFOLIO BY MULT
Slide 14: Outlook
OUTLOOK
Slide 15: Outlook
OUTLOOK AUSTRALIA’S CAPITAL CITY MARKETS remain at different stages in the property cycle and securing quality development sites remains challenging. Sunland is maintaining a conservative, counter-cyclical approach to market conditions, staging project delivery to navigate cycles and mitigate risk.
Slide 16: Portfolio Details
P O R T F O L I O D E TA I L S
Slide 17: Portfolio Under Construction
PORTFOLIO UNDER CONSTRUCTION PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) ( $M) ( #) ( $M) (# ) ($ M) (# ) ($ M) (# ) ($ M) MULTI STOREY ABIAN, QLD 150 240.3 0 0 150 240.3 150 240.3 0 0 SUB-TOTAL 150 240.3 0 0 150 240.3 150 240.3 0 0 HOUSING ONE TRE
Slide 18: Portfolio To Be Released
PORTFOLIO TO BE RELEASED PORTFOLIO TO BE RELEASED YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) ( $M) ( #) ( $M) ( #) ($ M) (# ) ($ M) (# ) ($ M) MULTI STOREY MARINER'S COVE, QLD 370 482 0 0 370 482 0 0 370 482 GRACE, QLD 506 485 0 0 506 485 0 0 506 485 1 MARINE PARADE, QLD 164
Slide 19: Project Settlement Timeline
PROJECT SETTLEMENT TIMELINE PORTFOLIO UNDER CONSTRUCTION FY16 F Y17 FY18 FY19 & BEYOND MULTI STOREY ABIAN, QLD MARINA RESIDENCES, QLD HOUSING CARRÉ, VIC THE GARDENS, VIC QUAYS, QLD THE TERRACES, QLD MAGNOLI, QLD PARKWAY—SANCTUARY COVE, QLD MELIAH—SANCTUARY COVE, QLD ANCORA, QLD DAHLIA, NSW URBAN THE
Slide 20: Project Settlement Timeline
PROJECT SETTLEMENT TIMELINE PORTFOLIO TO BE RELEASED FY16 F Y17 FY18 FY19 & BEYOND MULTI STOREY MARINER'S COVE, QLD GRACE, QLD 1 MARINE PARADE, QLD MARINA CENTRAL, QLD PALM BEACH, QLD THE LAKES, QLD HOUSING ELLANORA, NSW MONAVALE, NSW 18 MACPHERSON STREET, NSW VARSITY LAKES, QLD ST LUCIA, QLD THE HE
Slide 21: Sunland Group
Sunland Group ESTABLISHED 983