Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — Q1 FY2017 Earnings Presentation
38 slides from Ytl Hospitality Reit's earnings presentation, Nov 17, 2016
Slide 1: First Quarter FY2017 Financial Results
First Quarter FY2017 Financial Results 17 November 2016
Slide 2: Key Highlights – 1Q FY2017
KEY HIGHLIGHTS – 1Q FY2017 • Income available for distribution of FINANCIAL RM28.9 million, +6.3% q-o-q PORTFOLIO HIGHLIGHTS • 2.0528 sen distribution per unit (“DPU”) declared for 1Q FY2017, +7.1% q-o-q MANAGEMENT • Refurbishment works at Sydney Harbour Marriott − On-going • Properties in Malaysia
Slide 3: Financial performances 1Q FY2017
1 Financial performances 1Q FY2017 Pangkor Laut Resort Perak Darul Ridzuan, Malaysia
Slide 4: Financial Performance: 1Q FY2017
FINANCIAL PERFORMANCE: 1Q FY2017 (1) (2) Notes: * pp = change in percentage points (1) The increase was mainly due to the appreciation of the Australian Dollar during the current quarter. (2) The increase was mainly due to cost saving initiatives carried out at the Australian Properties and the appr
Slide 5: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at 30 September 2016 As at 30 June 2016 RM ('000) Change (Unaudited) (Audited) Investment properties 1,854,588 1,843,183 + 0.6% (1) Property, plant and equipment 1,703,012 1,623,328 + 4.9% Cash & cash equivalents 120,382 119,563 + 0.7% Other assets 36,027 35,844 +
Slide 6: DPU Performance
DPU PERFORMANCE Total DPU Quarterly Breakdown DPU (sen) 4Q Total Distributions* FY2016 FY2017 Cumulative 104.5 27.2 3Q 4Q 28.4 3Q 25.4 2Q 2Q 25.4 1Q 25.4 27.2 * In RM mi l l i on 1Q Note: YTL Hospitality REIT started paying quarterly distributions commencing the financial year ended 30 June 2014. 6
Slide 7: First Quarter Financial Performances
FIRST QUARTER FINANCIAL PERFORMANCES TOTALrevenue NETproperty income RM (million) RM (million) 7.5% 3.8% 7
Slide 8: Quarterly Financial Performances
QUARTERLY FINANCIAL PERFORMANCES FY2015 FY2016 FY2017 TOTALrevenue NETproperty income RM (million) RM (million) 3.8% 7.5% 8
Slide 9: Quarterly Financial Performances by Country
QUARTERLY FINANCIAL PERFORMANCES BY COUNTRY 1Q FY2016 1Q FY2017 TOTALrevenue NETproperty income RM (million) RM (million) 5.3% 19.6 % 0.7% 0.5% 3.8 % 7.8% 9
Slide 10: NPI for Australia in AUD and RM
NPI FOR AUSTRALIA IN AUD AND RM NPI in RM impacted by the foreign exchange effects of the stronger AUD relative to RM AUD (million) RM (million) 14.8% 19.6% FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017 10
Slide 11: NPI for Japan in JPY and RM
NPI FOR JAPAN IN JPY AND RM NPI in RM impacted by the foreign exchange effects of the stronger JPY relative to RM JPY (million) RM (million) 22.7% 7.8% FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017 11
Slide 12: Unit Price Performance
UNIT PRICE PERFORMANCE YTL Hospitality REIT’s RM Unit Price Movement & Relative Performance to FBMKLCI % (1 January 2012 to 30 September 2016) TRADING STATISTICS Relative Performance (right scale) Closing price 1 RM1.15 Market Cap (RM) 1 RM1,523 mil Outperform FBMKLCI Units issued 1 1,324,388,889 Av
Slide 13: Capital management
2 Capital management Tanjong Jara Resort, Terengganu, Malaysia
Slide 14: Debt Maturity Profile
DEBT^ MATURITY PROFILE Borrowings in RM Borrowings in AUD before restructuring after restructuring (RM million) (RM million) RM760 million of existing RM borrowings refinanced into AUD262.5 million in 811.8 841.3 * June 2015 10.0 FY2017 FY2018 FY2019 FY2020 FY2021 Notes: ^ Excluding the effects of c
Slide 15: Debt Profile as at 30 September 2016
DEBT^ PROFILE AS AT 30 SEPTEMBER 2016 CURRENCY INTEREST RATE @ # Notes: * For the respective Quarter. ^ Excluding the effects of capitalised transaction costs. # Computed as NPI / Finance Cost @ The interest rate is largely hedged and fixed at 4.76% 15
Slide 16: Debt Headroom of ~RM1,400 million for Acquisitions
DEBT HEADROOM OF ~RM1,400 million FOR ACQUISITIONS RM (million) Gearing limit = 60% Gearing = 44.8% As at 30September 2016 (As at 30 September 2016) ^ Notes: ^ Excluding the effects of capitalised transaction costs. 16
Slide 17: Asset management
3 Asset management Vistana Penang Bukit Jambul Pulau Pinang, Malaysia
Slide 18: Luxury Hotels & Serviced Residences in 3 Countries
LUXURY HOTELS & SERVICED RESIDENCES IN 3 COUNTRIES Malaysia (Northern) ASSET breakdown(by Country)(1) Vistana Penang Bukit Jambul Japan Pangkor Laut Resort Hilton Niseko Village Cameron Highlands Resort Malaysia (Eastern) Tanjong Jara Resort Vistana Kuantan City Centre Kuala Lumpur ASSET
Slide 19: Portfolio Occupancy
PORTFOLIO OCCUPANCY Note: (1) For 1 July 2012 to 30 June 2013 which includes certain pre-acquisition period as the properties were acquired on 29 November 2012. 19
Slide 20: Master Leases Expiry Profile
MASTER LEASES EXPIRY PROFILE NETproperty income NETproperty income (% of total *) Master leases (% of total *) * For 1Q FY2017. 20
Slide 21: Australia Hotel Performances (1 of 2)
AUSTRALIA HOTEL PERFORMANCES (1 OF 2) FY2015 FY2016 REVENUE per available room (RevPAR) 0.7% 21
Slide 22: Australia Hotel Performances (2 of 2)
AUSTRALIA HOTEL PERFORMANCES (2 OF 2) FY2015 FY2016 Average occupancy Average daily rate (ADR) % AUD 2.5 pp 2.2% 22
Slide 23: Appendices
4 Appendices Hilton Niseko Village Hokkaido, Japan
Slide 24: JW Marriott Hotel Kuala Lumpur
JW MARRIOTT HOTEL KUALA LUMPUR No. 183, Jalan Bukit Bintang, 55100 Kuala Address Lumpur A 5-star hotel with 561 rooms located on part of an 8-level podium block and entire 24-level tower block of Starhill Gallery together with Description car park bays located partially at basement 1 and 4 and the e
Slide 25: The Residences at The Ritz-Carlton, Kuala Lumpur
THE RESIDENCES AT THE RITZ CARLTON, KUALA LUMPUR No. 2, Jalan Yap Tai Chi, Off Jalan Imbi, 55100 Address Kuala Lumpur Parcel 1: 60 units of serviced apartments, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car parks Description Parcel 2: 50 units of serviced apa
Slide 26: The Ritz-Carlton, Kuala Lumpur
THE RITZ-CARLTON, KUALA LUMPUR Address No. 168, Jalan Imbi, 55100 Kuala Lumpur 22-storey 5-star hotel building comprising 251 Description rooms with 4-storey basement car parks Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 10 years Annual rental (2) RM19.25 million(
Slide 27: Vistana Penang Bukit Jambul
VISTANA PENANG BUKIT JAMBUL No. 213, Jalan Bukit Gambier, Bukit Jambul, Address 11950 Pulau Pinang 17-storey Tower A with 238 hotel rooms and Description 26-storey Tower B with 189 hotel suites with an annexed 3-storey podium 99-year leasehold expiring on 27 October Tenure 2094 Master lease expiry 1
Slide 28: Vistana Kuala Lumpur Titiwangsa
VISTANA KUALA LUMPUR TITIWANGSA No. 9, Jalan Lumut, Off Jalan Ipoh, 50400 Address Kuala Lumpur 17-storey hotel building with 364 rooms and Description 2-storey basement car parks Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 10 years Annual rental (2) RM8.2 million(
Slide 29: Vistana Kuantan City Centre
VISTANA KUANTAN CITY CENTRE Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Description 8-storey hotel building with 215 rooms Tenure 99-year leasehold expiring on 11 July 2092 Master lease expiry 14 November 2026 Master lease remaining (1) 10 years Annual rental (2) RM6.0 million(3) No. of rooms 2
Slide 30: Pangkor Laut Resort
PANGKOR LAUT RESORT Pangkor Laut Island, 32200 Lumut, Perak Address Darul Ridzuan 36 units of Garden Villas, 52 units of Hill Villas, Description 8 units of Beach Villas and 1 unit of Pavarotti Suite 99-year registered lease expiring on 21 May Tenure 2095 Master lease expiry 14 November 2026 Master
Slide 31: Tanjong Jara Resort
TANJONG JARA RESORT Batu 8, Off Jalan Dungun, 23000 Dungun, Address Terengganu Darul Iman Description Small luxury boutique resort with 100 rooms 60-year leasehold expiring on 4 December Tenure 2067 Master lease expiry 14 November 2026 Master lease remaining (1) 10 years Annual rental (2) RM7.0 mill
Slide 32: Cameron Highlands Resort
CAMERON HIGHLANDS RESORT By the Golf Course, 39000 Tanah Rata, Address Cameron Highlands, Pahang Darul Makmur 3-storey luxury resort with a 2-storey spa Description village block with 56 rooms and suites and a single storey building 99-year leasehold expiring on 9 December Tenure 2108 Master lease e
Slide 33: Hilton Niseko Village
HILTON NISEKO VILLAGE Address Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido 16-storey hotel building with 1-storey of Description basement comprising 506 rooms Tenure Freehold Master lease expiry 21 December 2026 Master lease remaining (1) 10 years Annual rental (2) RM15.54 million No. of rooms 506 Acqu
Slide 34: Sydney Harbour Marriott
SYDNEY HARBOUR MARRIOTT Address 30 Pitt Street, Sydney, New South Wales 33-storey hotel building with central atrium Description comprising 595 rooms including 3 levels of basement with car parking bays Tenure Freehold No. of rooms 595 Acquisition date 29 November 2012 Valuation (1, 2) AUD380 millio
Slide 35: Brisbane Marriott
BRISBANE MARRIOTT Address 515 Queen Street, Brisbane, Queensland 28-storey hotel building comprising 267 Description rooms with 3 levels of basement with car parking bays Tenure Freehold No. of rooms 267 Acquisition date 29 November 2012 Valuation (1, 2) AUD87 million (RM275.2 million) Notes: 1. As
Slide 36: Melbourne Marriott
MELBOURNE MARRIOTT Corner Exhibition and Lonsdale Streets, Address Melbourne, Victoria 16-storey hotel building comprising 186 Description rooms with 5 split levels of car park Tenure Freehold No. of rooms 186 Acquisition date 29 November 2012 Valuation (1, 2) AUD77.4 million (RM244.8 million) Notes
Slide 37: Disclaimer
DISCLAIMER This presentation shall be read in conjunction with YTL Hospitality REIT’s interim financial report for the quarter ended 30 September 2016, a copy of which is available on www.bursamalaysia.com and www.ytlhospitalityreit.com. This presentation is for information purposes only and does no
Slide 38: Pintar Projek Sdn Bhd
PINTAR PROJEK SDN BHD 314009-W Manager of YTL Hospitality REIT 11th Floor Yeoh Tiong Lay Plaza 55 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2117 0088 603 2142 6633 Fax: 603 2141 2703 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com
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