Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q4 2022 Earnings Presentation
23 slides from Sinyi Realty's earnings presentation, Mar 13, 2023
Slide 1: Sinyi Realty Inc. (9940) 2022Q4 Earning Release Conference
Sinyi Realty Inc. (9940) 2022Q4 Earning Release Conference Speaker： Chen, Chih-Huan, Chief Finace Officer Tseng, Chin-Der, Researcher Mar 13, 2023 1
Slide 2: Agenda
1 Opening 2 2022Q4 Operational Report Agenda First Half of 2023 Market 3 Outlook 4 Q&A 2
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
Slide 4: 2022 Consolidated Comprehensive Income
2022 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2022 2021 YoY YoY% Sales Revenue 2,668,176 4,517,084 (1,848,908) (41%) Service Revenue 11,055,550 14,275,237 (3,219,687) (23%) Net sales 13,723,726 18,792,321 (5,068,595) (27%) Sales of Goods Sold 2,159,325 3,654,843 (1,495,518) (4
Slide 5: 2022 Consolidated Comprehensive Income
2022 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2022 2021 YoY YoY% Net income 1,236,208 2,370,359 (1,134,151) (48%) Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans 148,611 (18,833) 167,444 Na. U
Slide 6: Sales Revenue Per Business
Sales Revenue Per Business 2022 2021 China (non- . devel it China (development China (non-development waiters subsidiaries) subsidiaries) China (development 1% 12% 1% subsidiaries) 24% m Sinyi Realty Inc. Domestic non- development § Japan subsidiaries = Domestic development subsidiaries 3% = Domesti
Slide 7: Monthly Consolidated Revenue
Monthly Consolidated Revenue 新台幣佰萬元 7
Slide 8: Monthly Non-development Consolidated Revenue
Monthly Non-development Consolidated Revenue in NT$ millions 8
Slide 9: 2022 Consolidated Balance Sheets
2022 Consolidated Balance Sheets in NT$ thousands Year 2022.12.31 2021.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 8,310,286 25% 9,546,619 29% (1,236,333) (13%) Financial assets at fair value through P&L - - 47,588 - (47,588) (100%) Financial assets at fair value through oth
Slide 10: 2022 Consolidated Balance Sheets
2022 Consolidated Balance Sheets in NT$ thousands Year 2022.12.31 2021.12.31 YoY Account Amount % Amount % Amount % Short-term Debt 1,098,077 3% - - 1,098,077 Na. Contract liabilities - current 1,514,707 4% 1,723,403 5% (208,696) (12%) Trade payables & Notes payables 608,024 2% 811,840 2% (203,816)
Slide 11: 2022 Consolidated Balance Sheets
2022 Consolidated Balance Sheets in NT$ thousands Year 2022.12.31 2021.12.31 YoY Account Amount % Amount % Amount % Ordinary shares 7,368,465 22% 7,368,465 22% - - Capital surplus 63,790 - 63,896 - (106) - Retained earnings Legal reserve 2,762,813 8% 2,518,043 8% 244,770 10% Special reserve 1,061,56
Slide 12: 2022 Consolidated Cash Flows
2022 Consolidated Cash Flows in NT$ thousands 2022 2021 YoY Beginning Balance 9,546,619 6,383,520 3,163,099 Net cash (used in) generated from (457,749) 7,032,338 (7,490,087) operating activities Net cash generated from (used in) (2,733,743) (159,358) (2,574,385) investing activities Net cash generat
Slide 13: Inventory as of 2022.12.31
Inventory as of 2022.12.31 in NT$ thousands 2022.12.31 2021.12.31 Property under processing of development Banqiao District, New Taipei City 1,889,819 3,534,406 Xinzhuang District, New Taipei City 1,078,966 - Property to be developed Banqiao District, New Taipei City 490 490 （For Capacity Transfer）
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2022 (As of Dec 31, 2022) Project Available Units Delivered Revenue Delivered Revenue Rate of sale Units Recognized Units Recognized NTD NTD Jia-Ho 144 100% 50 50 1.027B 1.027B Jia-Pin 114 100% - - - - Sanshui Jiating NTD NTD 608 67% 374
Slide 15: 2022 Standalone Comprehensive Income
2022 Standalone Comprehensive Income in NT$ thousands 2022 2021 YoY YoY% Net sales 10,077,630 13,297,719 (3,220,089) (24%) Operating cost 7,548,670 9,357,465 (1,808,795) (19%) Gross profit 2,528,960 3,940,254 (1,411,294) (36%) Gross margin(%) 25% 30% (5pt.) Operating expense 1,079,556 1,050,179 29,3
Slide 16: 2022 Standalone Comprehensive Income
2022 Standalone Comprehensive Income in NT$ thousands (EPS in NT$) 2022 2021 YoY YoY% Net income 1,223,336 2,349,841(1,126,505) (48%) Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans 146,801 (16,599) 163,400 Na. Unre
Slide 17: 2022 Standalone Balance Sheets
2022 Standalone Balance Sheets in NT$ thousands Year 2022.12.31 2021.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 601,894 2% 658,568 3% (56,674) (9%) Financial assets at fair value through other 109,723 1% 119,892 - (10,169) (8%) comprehensive income - current Accounts & Note
Slide 18: 2022 Standalone Balance Sheets
2022 Standalone Balance Sheets in NT$ thousands Year 2022.12.31 2021.12.31 YOY Account Amount % Amount % Amount % Other payables 2,383,867 8% 3,107,737 12% (723,870) (23%) Other payables –Related Party 979,880 3% 160,125 - 819,755 512% Current tax liabilities 286,574 1% 599,063 2% (312,489) (52%) Le
Slide 19: 2022 Standalone Cash Flows
2022 Standalone Cash Flows in NT$ thousands 2022 2021 YoY Beginning Balance 658,568 596,783 61,785 Net cash (used in) generated from 815,771 4,068,638 (3,252,867) operating activities Net cash generated from (used in) (1,762,853) (80,568) (1,682,285) investing activities Net cash generated from (use
Slide 20: Physical Store Location in Taiwan
Physical Store Location in Taiwan 2023/02 2022/02 Area Diff. No. % No. % Greater Taipei Area 279 57% 283 58% (4) Taoyuan & Hsinchu 65 13% 67 14% (2) Taichung 81 17% 76 15% 5 Tainan & Kaohsiung 65 13% 61 13% 4 Total 490 100% 487 100% 3 20
Slide 21: First Half of 2023 Market Outlook
First Half of 2023 Market Outlook Accompanied with return of deferred demand, there will be an slight increase in transactions of houses after the Lunar New Year for 2023. The new-home sales remain weak and the volume of transactions of the each building project will depend on its own specific f
Slide 22: Q&A
fene O&A
Slide 23: Investor Relations
Investor Relations 23