K. Wah International Holdings Limited · HKEX:173
K. Wah International — H1 2008 Earnings Presentation
38 slides from K. Wah International's earnings presentation, Sep 10, 2008
Slide 1: 2008 Interim Results Announcement
2008 Interim Results Announcement 10 September 2008 0
Slide 2: Financial Highlights
Financial Highlights 1
Slide 3: 2008 Interim Results - Highlights
2008 Interim Results- Highlights 2008 2007 (HK$ million) (HK$ million) For the 6 months ended 30 June Revenue 716 1,759 Profit Attributable to Shareholders 251 439 Less: Change in fair value of investment 60 40 properties Underlying Profit Attributable to Shareholders 191 399 Basic EPS (HK cents) 10
Slide 4: Strong Financial Position
Strong Financial Position 2008 2007 (HK$ million) (HK$ million) For the 6 months ended For the year ended 30 June 2008 31 December 2007 Cash and Bank Balances 1,316 2,444 Gearing Ratio* (%) 15% 15% NAV per Share (HK$) 3.48 3.46 * The ratio of total loans outstanding less cash balances to total asset
Slide 5: Business Highlights
Business Highlights 4
Slide 6: Sales Property – The Great Hill
Sales Property – The Great Hill Property: The Great Hill - Houses & Unique Apartments 嘉御山獨立屋及特色單位 No. of Units Sold in 1H/2008: 14 units and 1 house No. of Remaining Units: Approx. 28 units and 7 houses Remaining Sales Proceeds: HK$1.9 billion Unit Size (sq.ft.): Multi-storey – 1,830-3,160 Duplex –
Slide 7: The Great Hill - Houses & Unique Apartments
The Great Hill - Houses & Unique Apartments 嘉御山獨立屋及特色單位 6 6
Slide 8: The Great Hill - Houses & Unique Apartments
The Great Hill - Houses & Unique Apartments 嘉御山獨立屋及特色單位 7 7
Slide 9: The Great Hill - Houses & Unique Apartments
The Great Hill - Houses & Unique Apartments 嘉御山獨立屋及特色單位 8 8
Slide 10: Investment Property - Shanghai K. Wah Centre
Investment Property - Shanghai K. Wah Centre 9 9
Slide 11: Shanghai K. Wah Centre
Shanghai K. Wah Centre Grade A office 100% occupancy Generate favourable rental income Major tenants: 10 10
Slide 12: Investment Property - J SENSES
Investment Property - J SENSES 11 11
Slide 13: J SENSES
J SENSES A new landmark in Wanchai: a mix of cultural heritage and business operation Almost 100% leased Tenants offering a host of international cuisines: BO Innovation OVOLOGUE Deluxe Wine OS Good Food Pizza Express Le Fauchon Shake ‘EM Buns Makoto (誠) The Pawn Yin Yang 12 12
Slide 14: Project Updates
Project Updates 13
Slide 15: Shanghai Properties
Shanghai Properties 14
Slide 16: Shanghai Westwood II
Shanghai Westwood II 上海慧芝湖花園第二期 - 嘉寧薈 Progress as of September 2008 15 15
Slide 17: Shanghai Westwood II
Shanghai Westwood II 上海慧芝湖花園第二期 - 嘉寧薈 No. of blocks: 6 No. of units: 1,061 Unit size: 71 – 169 sq.m. Shanghai Westwood I 16 16
Slide 18: Shanghai Westwood II
Shanghai Westwood II 上海慧芝湖花園第二期 - 嘉寧薈 A modern and sophisticated community in downtown Shanghai Attract middle-class households and expatriates Equipped with a full spectrum of amenities − Metro Line 1 (20 minutes away from CBD) − International schools, top-ranked colleges & university − Business ho
Slide 19: Jianguo Xi Road Project, Xuhui District
Jianguo Xi Road Project, Xuhui District 上海徐匯區建國西路高級住宅/服務式公寓項目 上海徐匯區建國西路高級住宅 服務式公寓項目 18 18
Slide 20: Jianguo Xi Road Project, Xuhui District
Jianguo Xi Road Project, Xuhui District 上海徐匯區建國西路高級住宅/服務式公寓項目 上海徐匯區建國西路高級住宅 服務式公寓項目 Type : French style high-end residential units and serviced apartments GFA : Approximately 1,500,000 sq.ft. (140,000 sq.m.) Type No. of Units High-end Residential 530 units Serviced Apartment 400 units 19 19
Slide 21: Jianguo Xi Road Project, Xuhui District
Jianguo Xi Road Project, Xuhui District 上海徐匯區建國西路高級住宅/服務式公寓項目 上海徐匯區建國西路高級住宅 服務式公寓項目 Progress as of September 2008 20 20
Slide 22: Yanjiazhai Project, Jingan District
Yanjiazhai Project, Jingan District 上海靜安區嚴家宅項目 21 21
Slide 23: Yanjiazhai Project, Jingan District
Yanjiazhai Project, Jingan District 上海靜安區嚴家宅項目 Type : Serviced apartment / High-end residential units GFA : Approximately 1,076,000 sq.ft. (100,000 sq.m.) Type GFA (sq.ft.) No. of Units Serviced Apartment 364,840 sq.ft. (34,000 sq.m.) 120 units Residential 704,780 sq.ft. (65,500 sq.m.) 280 units 22
Slide 24: Shanghai Min Hang District Project
Shanghai Min Hang District Project 上海閔行區項目 Type : Residential & commercial complex Location : Wu Jing, Min Hang District Total Permissible : Approximately 1,800,000 sq.ft. (171,290 sq.m.) Buildable Floor Area 23 23
Slide 25: Guangzhou Properties
Guangzhou Properties 24
Slide 26: Guangzhou Huadu Mega Integrated Project
Guangzhou Huadu Mega Integrated Project 廣州花都新華鎮超大型國際社區項目 25 25
Slide 27: Guangzhou Huadu Mega Integrated Project
Guangzhou Huadu Mega Integrated Project 廣州花都新華鎮超大型國際社區項目 Type : Integrated project comprising residential developments, serviced apartments, business condominium, hotels, office buildings, shopping mall and sanitorium GFA : More than 12,000,000 sq.ft. (1,147,000 sq.m.) No. of Phases : 6 Total Invest
Slide 28: Guangzhou Huadu Airport CBD Project
Guangzhou Huadu Airport CBD Project 廣州花都新華鎮機場CBD項目 廣州花都新華鎮機場 項目 27 27
Slide 29: Guangzhou Huadu Airport CBD Project
Guangzhou Huadu Airport CBD Project 廣州花都新華鎮機場CBD項目 廣州花都新華鎮機場 項目 Type : Integrated development GFA : Over 3,400,000 sq.ft. (323,000 sq.m.) Type Facilities / Scale Business hotel with about 300 rooms, indoor and outdoor swimming pools, Hotel a gym, F&B, a business centre, a banquet hall and landscape
Slide 30: Guangzhou Huadu Jianshebei Road Project
Guangzhou Huadu Jianshebei Road Project 廣州花都建設北路項目 Type : Residential Development Location : Huadu downtown GFA : Approx. 500,000 sq.ft. (46,000 sq.m.) 29 29
Slide 31: Hong Kong Properties
Hong Kong Properties 30
Slide 32: 6 Shiu Fai Terrace, Stubbs Road, Hong Kong
6 Shiu Fai Terrace, Stubbs Road, Hong Kong 香港司徒拔道肇輝台6號 香港司徒拔道肇輝台 號 Progressas Progress asof ofSeptember September2009 2009 31 31
Slide 33: HK Island South: Welfare Road, Aberdeen
HK Island South: Welfare Road, Aberdeen 港島南區:香港仔惠福道內地段第 港島南區 香港仔惠福道內地段第451號 香港仔惠福道內地段第 號 Type : Luxury waterfront residential project next to Aberdeen Marina Club Location : Welfare Road, Aberdeen Inland (35% owned) Total Site Area : Approx. 69,000 sq.ft. Joint Development : K. Wah International Hol
Slide 34: New Territories: Tai Po Town Lot No. 186 & 188
New Territories: Tai Po Town Lot No. 186 & 188 新界:大埔市地段第 及188號 新界 大埔市地段第186及 大埔市地段第 號 Type : Low density luxury sea-view residential project Location : Tai Po Town Lot No. 186 (15% owned) & 188 (25% owned) Total Site Area : Approx. 450,000 sq.ft. Joint Development : K. Wah International Holdings Lim
Slide 35: West Kowloon Integrated Business District: Lot No. 11073
West Kowloon Integrated Business District: Lot No. 11073 西九龍綜合商業區: 西九龍綜合商業區 內地段11073號 內地段 號 Type : Luxury residential project Location : Hoi Wang Road, West Kowloon Integrated Business District (15% owned) Total Site Area : Approx. 87,000 sq.ft. Joint Development : K. Wah International Holdings Limi
Slide 36: Conclusion
Conclusion 35
Slide 37: Geared up for Long-term Sustainability
Geared up for Long-term Sustainability Ready to launch over 10 projects of varying scale and type in the next 3 years Over 20 million sq.ft. in total GFA for development in the next 5 years More than HK$4 billion available funds to replenish land bank in HK and Mainland China Positioning: an integra
Slide 38: Thank You
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K. Wah International Holdings — H1 2008 Earnings Presentation on 6ix