Fantasia Holdings Group Co. Ltd. · HKEX:1777
Fantasia — FY2012 Earnings Presentation
27 slides from Fantasia's earnings presentation, April 2013
Slide 1: 2012 Annual Results Presentation
Stock code：1777 2012 Annual Results Presentation April 2013
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fantasia Holdings Group Co., Limited (the “Company”) solely for use at the presentation regarding the Company and its subsidiaries (collectively, the “Group”). No representation or warranty (whether express or implied) is made as to the fairness, acc
Slide 3: Section
Section 1 2012 Market Review and Business Review 2 2012 Results Overview 3 2012 Business Overview 4 2013 Market Outlook and Corporate Strategy 5 Appendix 3
Slide 4: 2012 Market Review and Business Review
2012 Market Review and Business Review Market Review The PRC real estate industry in 2012, although facing challenges by continuous global economic instability and domestic restrictive policies, continued to record a steady growth especially in the second half of 2012 Having experienced the impl
Slide 5: 2012 Market Review and Business Review: Business Review
2012 Market Review and Business Review Business Review Successfully issued two US$250 million senior notes in September 2012 and January 2013, respectively Rather than a pure real estate development company, Fantasia has transformed to a property-service-related enterprise covering different val
Slide 6: Section
Section 1 2012 Market Review and Business Review 2 2012 Results Overview 3 2012 Business Overview 4 2013 Market Outlook and Corporate Strategy 5 Appendix 6
Slide 7: 2012 Results Overview: Steady Growth in Contract Sales
2012 Results Overview: Steady Growth in Contract Sales •Contract sales for 2012 reached 8.01billion, recorded YoY growth of 14%; •Contract sales area for 2012 reached 959,905 sq.m., recorded YoY growth of 29% Contract Sales Contract Sales Area （RMB mn） （sq.m） 959,905 8,014 7,005 746,104 2011 2012 20
Slide 8: Sustainable Profitability
Sustainable Profitability Remarkable Financial Performance in 2012: - Revenue: RMB6.23 bn, a YoY increase of 11.4%; - Gross profit: RMB2.52 bn, a YoY increase of 5.4%; - Net profit: RMB1.13 bn, a YoY increase of 7.8%; - Net profit from core business: RMB892mn, a YoY increase of 3.8%; - EPS: RMB0.22,
Slide 9: Steady Profitability
Steady Profitability RMB mn 2012 2011 Change% Revenue 6,230 5,592 11.4% Gross Profit 2,520 2,392 5.4% EBITDA 2,007 1,914 4.9% Net profit attributable to shareholders 1,139 1,057 7.8% Net profit from core business 892 859 3.8% EPS(RMB) 0.22 0.21 4.8% Gross Profit margin 40.5% 42.8% (2.3pts) EBITDA ma
Slide 10: Healthy and Steady Financial Position
Healthy and Steady Financial Position RMB mn 31 Dec 2012 31 Dec 2011 Change % Cash(1) 3,496 1,336 161.7% Non restricted cash 2,785 1,021 172.7% Total assets 24,526 18,123 35.3% Short-term debt 2,452 2,100 16.8% Long-term debt 5,429 3,393 60.0% Total debt 7,881 5,493 43.4% Shareholders’ equity 6,601
Slide 11: Section
Section 1 2012 Market Review and Business Review 2 2012 Results Overview 3 2012 Business Overview 4 2013 Market Outlook and Corporate Strategy 5 Appendix 11
Slide 12: Increasingly Diversified Revenue and Enhanced Sales Contribution from Multi-regions
Increasingly Diversified Revenue and Enhanced Sales Contribution from Multi-regions Contract sales breakdown: by region 2011 2012 10% 6% 7% 30% 41% 15% 46% 45% Chengdu-Chongqing The Pearl River Delta The Yangtze River Delta Beijing-Tianjin Contract sales breakdown: by product 2011 2012 20% 22% 55% 4
Slide 13: Strategic Project Planning and Execution: 2012 Newly Commenced Projects
Strategic Project Planning and Execution 2012 Newly Commenced Projects City Project Product GFA Category （sq.m） Dongguan Wonderland Phase 3 Boutique upscale residence 158,625 Love Forever Phase 1 & 2 Mid-to-high end residence 138,767 Huizhou Fantasia Special Town Phase 3 Mid-to-high end residence 16
Slide 14: Strategic Project Planning and Execution: 2012 Completed Projects
Strategic Project Planning and Execution 2012 Completed Projects Product GFA City Project Category （sq.m） Shenzhen Funian Plaza Urban complex 61,156 Dongguan Wonderland Phase 1 Boutique upscale residence 83,195 Huizhou Fantasia Special Town Phase 2 Mid-to-high end residence 180,511 Fantasia Town Pha
Slide 15: High Quality Land Bank: Prudent Investment and Stable Operations
High Quality Land Bank: Prudent Investment and Stable Operations Land bank spanning four major regions and 11 core cities of high strategic importance Beijing-Tianjin Metropolitan Region City GFA (sq.m) Percentage Beijing 140,000 1.7% Tianjin 710,658 8.9% Subtotal 850,658 10.6% The Yangze River Delt
Slide 16: High Quality and Low Cost Land Bank
High Quality and Low Cost Land Bank Land bank with use right Land bank with framework agreement GFA Avg. cost Product City Project Product Category City Project GFA (sq.m) Interest (sq.m) (RMB/sqm) Category Topsearch Building 77,500 Urban Complex 2,754 Chengdu Pixian Project 3,539,848 Urban Complex
Slide 17: Continuous Expansion of Property Services and Business Operating Capacity
Continuous Expansion of Property Services and Business Operating Capacity In 2012, our other business such as property operation and hotel services also achieved sustainable growth. Recurrent revenue from property investment Recurrent revenue from agency services RMB mn RMB mn 100 15 14.5 90.3 75 10
Slide 18: Maintaining Competitive Team Scale
Maintaining Competitive Team Scale Maintaining competitive team scale is in line with the expansion of business operations Number of Total Employees 7,502 6,929 794 649 796 738 Business 31 Dec 4,199 Segment 2010 2011 2012 381 Property 607 607 738 796 Development 5,912 5,542 Property Operation 3,211
Slide 19: Section
Section 1 2012 Market Review and Business Review 2 2012 Results Overview 3 2012 Business Overview 4 2013 Market Outlook and Corporate Strategy 5 Appendix 19
Slide 20: Market Outlook - 2013
Market Outlook - 2013 New PRC government officials aim to maintain an all-rounded stable environment in 2013, especially social stability. The overall objective has been adjusted from maintenance of high economic growth to emphasis on social order and stability It is expected that the “purchase
Slide 21: Corporate Strategy - 2013
Corporate Strategy - 2013 By virtue of the solid established in the real estate industry, Fantasia transformed to a property services–related enterprise mainly covering : financial service, community service, real estate development, business management, hotel management, cultural tourism and senior
Slide 22: 2013 Target
2013 Target 2013 Target Contract sales (RMB mn) 10,000 GFA of newly commenced projects ('000 sq.m) 1,520 GFA of completed projects ('000 sq.m) 1,150 GFA of available for sale projects ('000 sq.m) 1,950 22
Slide 23: Make Life in Style
Make Life in Style www.cnfantasia.com 23
Slide 24: Section
Section 1 2012 Market Review and Business Review 2 2012 Results Overview 3 2012 Business Overview 4 2013 Market Outlook and Corporate Strategy 5 Appendix 24
Slide 25: Appendix I: Contract Sales in 2012
Appendix I：Contract Sales in 2012 GFA Sold Contract s ale s City Proje ct (s q.m ) （ RM B'000） Funian Plaza Urban Complex 22,592 829,320 Shenzhen Others 479 11,509 Funian Plaza Urban Complex 41,013 504,395 Future Plaza Urban Complex 61,563 645,115 MIC Plaza Urban Complex 23,098 171,735 Chengdu Grand
Slide 26: Appendix II: Planned Newly Commenced Projects in 2013
Appendix II：Planned Newly Commenced Projects in 2013 GFA City Project Product Category （sq.m) Shenzhen Topsearch Building Project Urban complex 40,000 Huizhou Fantasia Special Town Mid-to-high end residence 170,000 MIC Plaza phase 2.3.1 Urban complex 60,000 Long Nian International Urban complex 250,
Slide 27: Appendix III: Planned Completed Projects in 2013
Appendix III：Planned Completed Projects in 2013 GFA City Project Product Category （sq.m) Huizhou Love Forever Phase 1 Mid-to-high end residence 100,000 Dongguan Wonderland Phase 2 and 3.1 Boutique upscale residence 150,000 Funian Plaza Urban complex 180,000 Chengdu Fantasia Town Phase 4.1 Mid-to-hig
Fantasia Holdings Group — FY2012 Earnings Presentation on 6ix