China New City Group Limited · HKEX:1321
China New City — China New City Commercial Development — FY2015 Earnings Presentation
21 slides from China New City's earnings presentation, March 2016
Slide 1: 2015 Annual Results Presentation
2015 Annual Results Presentation (Stock code: 1321.HK) March 2016 1
Slide 2: Results Overview, Financial Review, Operations Review, Strategies and Outlook
1 Results Overview 2 Financial Review 3 Operations Review 44 Strategies and Outlook 2
Slide 3: Results Overview
se HRM AHALSRaRAS ays China New City Commercial Development Limited E23 Results Overview Z
Slide 4: Results Overview
Results Overview • In 2015, the recognized and contracted sales of properties amounted to approx. RMB398 million and RMB746 million, representing an year-on-year increase of 3.6 times and 2.2 times respectively, mainly due to the completion and recognized Operating sales of Jia Run Mansion Performan
Slide 5: Market and Business Review
Market and Business Review Property Development • The delivery of part of the property of Jia Run Mansion, the serviced apartments of the International Office Center (“IOC”) (Plot A3), was completed smoothly, which drove up property sales income significantly • During the year under review, with Han
Slide 6: Financial Review
se HRM AHALSRaRAS ays China New City Commercial Development Limited 22) «Financial Review Z
Slide 7: Financial Review
Financial Review (RMB ‘000) As of 31 Dec 2015 2015 2014 change Turnover 503,986 208,853 141.3% Gross profit 179,444 108,614 65.2% Gross profit margin 35.6% 52.0% -16.4 bps Profit attributable to equity 740,337 476,504 55.4% holders of the Company Profit for the period 751,170 462,504 62.4% Basic ear
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights (RMB ‘000) As of 31 Dec 2015 As of 31 Dec 2014 Total Cash (1) 1,088,532 863,667 Total assets 11,293,164 10,043,821 Total assets less current 9,220,916 7,413,984 liabilities Shareholder’s equity 5,039,459 4,287,874 Total equity (Net asset) 5,219,842 4,457,424 Note (1): Total
Slide 9: Key Financial Ratios
Key Financial Ratios As of 31 Dec 2015 As of 31 Dec 2014 Current ratio 1.37 0.96 Total liability to total assets ratio 53.8% 55.6% Net debt to total assets ratio 23.6% 30.0% Net debt to total equity ratio 51.2% 67.6% Note (1): Current ratio = Current assets / Current liabilities Note (2): Total asse
Slide 10: Debt Structure
Debt Structure Total Debt: RMB 3.76 billion Total Debt: RMB 3.76 billion Debt Composition Debt Maturity Other debt (approx. 1.29 billion) Over 1 year but within 2 years Within 1 year (approx. 1.44 billion) (approx. 0.71 34.4% billion) 19% 38% 65.6% 13% 30% Over 5 years Banking debt Over 2 years but
Slide 11: Sustainable Growth
Sustainable Growth Revenue (RMB million) Profit for the Year (RMB million) 1000 800 751 876 CAGR: 31.5% 800 600 CAGR: 26.3% 463 600 504 396 400 400 251 198 209 164 200 200 86 0 0 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Net Asset (RMB million) Net Asset per Share (RMB million) 6,000 3 5220
Slide 12: Operations Review
se HRM AHALSRaRAS ays China New City Commercial Development Limited (259 ‘Operations Review Z
Slide 13: Segment Revenue
Segment Revenue Segment Revenue in 2015 as compared to 2014 (RMB million) 2015 2014 397.6 86.9 88.0 90.1 2.4 0.9 48.1 47.6 SALE OF PROPERTIES PROPERTY LEASING PROPERTY HOTEL OPERATING MANAGEMENT FEE Segment revenue of 2015 as compared to the same period of 2014 +357.8% -2.3% +155.8% +1.0% 13
Slide 14: Contracted sales
Contracted sales Contracted sales (RMB million) Contracted GFA sold (sq. m.) 746 217% 219% 68,759 235 21,534 2014 2015 The contracted sales in 2015 amounted The contracted GFA sold achieved to RMB746 million 68,759 sq. m.. 14
Slide 15: GFA available for sale/lease/operation in 2016
GFA available for sale/lease/operation in 2016 GFA available for Usage sale/lease/operation (sq. m.) Hangzhou, International Office Center 191,790 For sale/leasing Zhejiang Plot A3 province Hidden Dragon Bay 108,806 For sale/leasing Hangzhou Qiandao Lake 46,691 For operation Run Zhou Resort Hotel Co
Slide 16: Investment Properties Location
主要投資物業 No. Investment Properties Location Total GFA Status Opening Year* (sq. m.) Downtown district 1 Highlong Plaza, Hangzhou Approx. 171,071 In operation 2007 of Xiaoshan Xianghu New 2 Hidden Dragon Bay, Hangzhou Approx. 241,695 In operation 2013 Town, Xiaoshan Qianjiang Century For 3 IOC Plot A3,
Slide 17: Strategies and Outlook
Part 4 Strategies and Outlook 17
Slide 18: Development Strategies
Development Strategies Positioning Light Commercial property developer, owner and O2O operator, with a focus on developing integrated Asset commercial complexes in sub-city centers of second-tier cities in the Yangtze River Delta Region Business • Sales of properties Urbanization • Property leasing
Slide 19: Future Outlook
Future Outlook Expansion of IOC project • International Office Center (IOC) is the major development project of the Group. Qianjiang Century City, where IOC is located, and Qianjiang New Town across the river are the new main city centers of Hangzhou • The project enjoys a spectacular river view, an
Slide 20: la m.
la m. S$ Shins seaieAa Gays c G hina New City Commercial Development Limited
Slide 21: Thank You!
"2 hRRMhALSRSRAT ays China New City Commercial Development Limited Thank You !
China New City Commercial Development — FY2015 Earnings Presentation on 6ix