Sinyi Realty Inc. · TWSE:9940

Sinyi Realty — Q3 2023 Earnings Presentation

20 slides from Sinyi Realty's earnings presentation, Nov 13, 2023

  1. Slide 1: Sinyi Realty Inc. (9940) 2023 Third Quarter Earnings Conference

    Sinyi Realty Inc. (9940) 2023 Third Quarter Earnings Conference Speaker： Chen, Chih-Huan, CFO Tseng, Chin-Der, Researcher Nov 13, 2023 © Sinyi Realty Inc.

  2. Slide 2: Agenda

    1 3Q23 Financial Results 2 Key Messages Agenda 3 Housing Market Outlook 4 Q&A © Sinyi Realty Inc. 1

  3. Slide 3: Disclaimer

    Disclaimer The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Sinyi Realty Inc. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statemen

  4. Slide 4: 2023Q3 Statements of Comprehensive Income

    2023Q3 Statements of Comprehensive Income in NT$ thousands (EPS in NT$) 2023Q3 2022Q3 YoY 2023Q1-Q3 2022Q1-Q3 YoY Sales Revenue 55,080 311,836 (82%) 2,613,615 1,283,488 104% Service Revenue 2,944,887 2,663,059 11% 8,194,193 8,755,419 (6%) Net sales 2,999,967 2,974,895 1% 10,807,808 10,038,907 8% Sal

  5. Slide 5: 2023Q3 Statements of Comprehensive Income

    2023Q3 Statements of Comprehensive Income in NT$ thousands 2023Q3 2022Q3 YoY 2023Q1-Q3 2022Q1-Q3 YoY Net income 334,335 199,060 73% 1,359,502 1,000,326 36% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Unrealized gain (loss) on investments in equity in

  6. Slide 6: Sales Revenue by Segments

    Sales Revenue by Segments © Sinyi Realty Inc. 5

  7. Slide 7: Monthly Consolidated Revenue

    Monthly Consolidated Revenue in NT$ millions © Sinyi Realty Inc. 6

  8. Slide 8: Monthly Non-development Consolidated Revenue

    Monthly Non-development Consolidated Revenue in NT$ millions © Sinyi Realty Inc. 7

  9. Slide 9: Monthly Development Consolidated Revenue

    Monthly Development Consolidated Revenue in NT$ millions 9 © Sinyi Realty Inc.

  10. Slide 10: Consolidated Statement of Financial Position

    Consolidated Statement of Financial Position in NT$ thousands Year 2023.09.30 2022.12.31 2022.09.30 Account Amount % Amount % Amount % Cash & Cash equivalents 7,091,257 23% 8,310,286 25% 8,964,454 28% Financial assets at fair value through 368,224 1% 386,213 1% 368,224 1% other comprehensive income

  11. Slide 11: Consolidated Statement of Financial Position

    Consolidated Statement of Financial Position in NT$ thousands Year 2023.09.30 2022.12.31 2022.09.30 Account Amount % Amount % Amount % Short-term debt 100,000 - 1,098,077 3% - - Contract liabilities - current 592,357 2% 1,514,707 4% 1,434,453 4% Trade payables & Notes payables 340,169 1% 608,024 2%

  12. Slide 12: Consolidated Statement of Financial Position

    Consolidated Statement of Financial Position in NT$ thousands Year 2023.09.30 2022.12.31 2022.09.30 Account Amount % Amount % Amount % Ordinary shares 7,368,465 24% 7,368,465 22% 7,368,465 23% Capital surplus 63,790 - 63,790 - 63,896 - Retained earnings Legal reserve 2,896,935 10% 2,762,813 8% 2,762

  13. Slide 13: Consolidated Statement of Cash Flow

    Consolidated Statement of Cash Flow in NT$ thousands 2023Q1-Q3 2022Q1-Q3 YoY Beginning Balance 8,310,286 9,546,619 (1,236,333) Net cash (used in) generated from 2,315,767 (1,763,976) 4,079,743 operating activities Net cash generated from (used in) (91,494) 83,721 (175,215) investing activities Net c

  14. Slide 14: Inventory as of Year ended September 2023

    Inventory as of Year ended 30 September 2023 in NT$ thousands 2023.09.30 2022.12.31 2022.09.30 Property under development Banqiao District, New Taipei City 2,111,878 1,889,819 3,963,545 Xinzhuang District, New Taipei City 1,090,258 1,078,966 1,074,130 Property to be developed Nanzi District, Kaohsiu

  15. Slide 15: Development Projects of Sinyi's Subsidiaries

    Development Projects of Sinyi’s Subsidiaries Accumulated Total 2023Q3 (As of Sept. 30, 2023) Project Available Units Delivered Revenue Delivered Revenue Rate of sale Units Recognized Units Recognized Jia-Ho 144 100% - - - - Jia-Pin 114 100% - - - - Sanshui Jiating TWD TWD 608 69% 415 3 (Wuxi) 6.327B

  16. Slide 16: Development Schedule of Tourism Business

    Development Schedule of Tourism Business 1. Schedule on Hotel in Melinsung 2023 2024 2027 Application for Begin Hotel Grand opening building permit construction of Hotel (Note) Note: We had obtained the Development Plan and are in the process of applying for the Building Plan. 2. Development schedul

  17. Slide 17: Physical Stores in Taiwan

    Physical Stores in Taiwan 2023.10 2022.10 Area Diff. No. % No. % Greater Taipei Area 267 56% 285 58% (18) Taoyuan & Hsinchu 67 14% 65 13% 2 Taichung 81 17% 81 16% - Tainan & Kaohsiung 63 13% 64 13% (1) Total 478 100% 495 100% (17) © Sinyi Realty Inc. 14

  18. Slide 18: Housing Market Outlook

    Housing Market Outlook  The volume of property transaction for this whole year might now challenge the 300,000 unit mark.  The preferential mortgage program geared toward young adults stabilizes rigid housing demand.  The economy in Taiwan with poor exports and rising domestic consumption has lim

  19. Slide 19: Q & A

    fene O&A © Sinyi Realty Inc.

  20. Slide 20: Investor Relations

    Investor Relations © Sinyi Realty Inc. 17

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