A-living Smart City Services Co., Ltd. Class H · HKEX:3319
A-living Smart City Services Co., Ltd. Class H — H1 2021 Earnings Presentation
25 slides from A-living Smart City Services Co., Ltd. Class H's earnings presentation, 2021
Slide 1: A-Living Smart City Services Co., Ltd.
A-Living Smart City Services Co., Ltd. 3319.HK
Slide 2: Disclaimer
This presentation may contain forward-looking statements. Any such forward-looking does not take into consideration the investment objectives, financial situation or statements are based on a number of assumptions about the operations of the A-Living particular needs of any particular investor. It s
Slide 3: 01 Results Highlights
01 Results Highlights
Slide 4: High-quality Growth, Industry-leading Scale, Balanced Business Structure
Industry-leading Balanced Business High-quality Growth Scale Structure Leading property management scale A further optimized revenue mix Revenue RMB6,247 mn +56.1% Contracted GFA: 584 mn sq.m. PM Property City Extended Services Owners VAS Services VAS GFA under management: 424 mn sq.m. 63.6% 12.9% 2
Slide 5: 02 Financial Summary
02 Financial Summary
Slide 6: Revenue, Cost of sales, Gross profit
Revenue 6,247 4,002 +56.1% Cost of sales (4,373) (70.0%) (2,727) (68.1%) +60.4% Gross profit 1,874 1,275 +46.9% Gross profit margin 30.0% 31.9% (1.9 p.p.) Selling and marketing costs (62) (1.0%) (29) (0.7%) +112.7% Administrative expenses (385) (6.2%) (221) (5.5%) +74% Income tax rate 17.0% 23.5% (6
Slide 7: Steady Growth of Operating Efficiency, Accelerated Growth of Core Businesses
Accelerated Growth of Steady Growth of Core Businesses Operating Efficiency Revenue and Growth Rate (by Business Lines) GP and GP Margin (by Business Lines) 1H2020 GP 1H2021 GP 1H2020 GPM 1H2021 GPM 6,000 1H2020 1H2021 (RMB million) （RMB million） 1,500 55.0% 3,977 48.9% 4,000 54.6% 40.0% 22.0% 1,000
Slide 8: Total assets, Total liabilities, Total equity
Total assets 19,467 13,975 +39.3% Total liabilities 7,318 5,318 +37.6% Total equity 12,149 8,657 +40.3% Current assets 13,480 9,100 +48.1% Cash and cash equivalents 8,198 5,057 +62.1% Debt ratio 37.6% 38.1% -0.5 p.p. Current Ratio 197.9% 187.0% +10.9 p.p. 8
Slide 9: Business and Operation Review
Business and 03 Operation Review
Slide 10: GFA Under Management and Contracted GFA
GFA Under Management (mn sq.m.) Contracted GFA (mn sq.m.) 31/12/2020 30/06/2021 31/12/2020 30/06/2021 vs. 31/12/2020 900 600 800 49.37 mn sq.m. 41.71mn sq.m. 4.51mn sq.m. 3.15mn sq.m. 61.53mn sq.m. 53.15mn sq.m. 3.44mn sq.m. 4.94mn sq.m. 500 700 Over 620mn sq.m. ^ Over 460mn sq.m. ^ 374.8 (Incl. Sha
Slide 11: Consolidating steady expansion of residential property
In 1H2021, A-Living remained at the forefront of the industry in terms of market expansion, further consolidated its footholds in various markets, achieved breakthroughs in business portfolios and obtained 30 benchmark projects, each with an annualized contract value of over RMB10 mn Through third-p
Slide 12: A frontrunner in management scale of public, commercial and office buildings
A frontrunner in terms of management scale of public building, commercial and office building as well as the presence in other niche markets Anti-cycle and strong growth boosted by comprehensive business portfolios Integrated multiple leading brands to form a joint force for market expansion GFA Num
Slide 13: Strategic cooperation with Greenland Holdings extended for five years to 2025
Strategic cooperation with Greenland Holdings has been extended for five years to 2025 As the priority strategic partner of Greenland Holdings, A-Living will continue to deliver high-quality services and seek for opportunities for diversified cooperation with Greenland Holdings. 2021-2025 Priority S
Slide 14: Set foot in city services and formed a nationwide coverage
Set foot in city services and formed a nationwide coverage In 1H2021, A-Living acquired several leading comprehensive city services providers RMB14.58 bn RMB2.34 bn 22.1% Total annualized GPM of city services for a total of RMB1.18 bn at a P/E ratio of appr. 10x. Total contract value contract value
Slide 15: Post-investment empowerment system for acquired companies
As a pioneer in industry consolidation, A-Living has established a post-investment empowerment system with industry-leading integration capabilities to enhance brand influence and bring synergies in market expansion so as to enable high-quality and sustainable development of the acquired companies C
Slide 16: Property services + living services: extension of VAS
VAS continued to grow rapidly with revenue up 91% YoY, occupying a rising share in total revenue. Focusing on “property services + living services”, the Group accelerated the extension of business and the incubation of innovative VAS % of segment Synergetic incubation of Innovative VAS revenue 37% 1
Slide 17: A-Living's unique Digital Operation Capability
Achievements in 1H2021 Consistency of service quality Improvement of efficiency with a A-Living’s unique unified platform Digital Operation Capability Upgraded operation and management system Platform-enabled sharing Focused on the standardization of service quality and Reinforced A-Living’s underly
Slide 18: 04 Outlook
04 Outlook
Slide 19: Standing at A New Starting Point
Continuous Improvement of Nationwide Presence Achieved by Standing at A New Starting Point Service Quality Strategic Expansion 1993 2017 2019 2021 Established Entered into strategic Acquired CMIG PM and Unveiled a new five-year Agile Property cooperation with New CMIG PM to set strategic plan Manage
Slide 20: Become China's leading urban space operator
1 Strategic Vision Become China’s leading urban space operator Double Hundred Goal To realize the goal of transforming into a “double hundred billion” platform-based enterprise Billion Incubated Business Ecosystem-based Business Innovative VAS Core Businesses Core Businesses Property Services + Livi
Slide 21: Scale and Efficiency
VAS Ecosystem Quality first Pursuit of excellence Service standardization Word-of-mouth Marketing Scale up with city-specific strategy Reasonable management Improvement of fee operating efficiency Compliance with regulations Refine management A-Living’s Existing Market Potential Market Raise price i
Slide 22: City Services and Corporate Services
Public Services and Smart City Corporate Services Services City space service City governance Corporate services maintenance City facilities 2B Industrial park service Office building Technology- Commercial property empowered Featured VAS integration Extended Tailor-made services Breaking boundaries
Slide 23: Innovative Business Ecosystem
Analysis and Anticipation of Industry Prospects Follow China’s 14th Five-Year Plan Innovative Business Ecosystem Seize the demographic dividend and choose the industries encouraged by policies Commercial and Carry out in-depth research and analysis and develop Analysis Residential portfolio Public p
Slide 24: Development and Operation of the Technology-driven Platform
Development and Operation of the Technology-driven Platform Deployment of Technological Industrialization 2021-2023 PaaS Local convenience services Digitalized City Services Develop market-oriented PaaS to empower the digital Provide smart public services such as smart Cultivate the overall operatio
Slide 25: A-Living Smart City Services Co., Ltd.
A-Living Smart City Services Co., Ltd. 3319.HK
A-Living Smart City Services — H1 2021 Earnings Presentation on 6ix