Sunland — FY2015 Earnings Presentation
23 slides from Sunland's earnings presentation, 2015
Slide 1: Full Year Results 2015
FULL YEAR RESULTS 2015 Sunland Group
Slide 2: Group Overview
GROUP OVERVIEW
Slide 3: Sunland celebrates 20 years as a listed company
In 2015, Sunland Group is celebrating 20 years as a listed company on the Australian Securities Exchange and more than 30 years as a leading national property developer, delivering award-winning, design-driven communities along Australia’s eastern seaboard. The Group’s core operating segments compri
Slide 4: Group Narrative and Key Milestones
G R O U P N A R R AT I V E A N D K E Y MI L E S T O N E S CHAPTER ONE CHAPTER TWO CHAPTER THREE CHAPTER FOUR CHAPTER FIVE CHAPTER SIX 1983—1990 1991—1999 2000—2005 2006—2009 2010—2014 2015—BEYOND PIONEERING YEARS CREATIVE INNOVATION NATIONAL EXPANSION GLOBAL GROWTH STRATEGIC EVOLUTION NEW HORIZONS [
Slide 5: National Portfolio
N AT I O N A L P O R T F O L I O The Group’s portfolio represents in excess of 6,000 residential homes, urban land lots and multi-storey apartments, representing $3.7 billion. RESIDENTIAL MULTI-STOREY URBAN TOTAL HOUSING # # # # 2,706 1,676 1,628 6,010 $M $M $M $M 2,263 1,067 355 3 ,68 5
Slide 6: FY15 Milestones
F Y15 M I L E S T O N E S GOVERNANCE & CAPITAL MANAGEMENT PORTFOLIO SALES & SETTLEMENTS ■■ The Group capitalised on the inherent value within ■■ Relocated the Group’s headquarters to Brisbane. ■■ Sales volumes increased with 754 sales achieved its portfolio by undertaking strategic asset sales for $
Slide 7: FY15 Key Results
F Y15 K E Y R E S U LT S S UNLAND IS WELL POSIT IONED T O CA PITA LISE ON IMPROVING MA R KET C ONDI TIONS, PARTICULARLY ACROSS T HE GROUP’S SUBSTA NT IA L MULT I- ST OR EY DEV ELOPMEN T PIPELINE STRONG FY15 FINANCIAL RESULT UNDERPINNED BY ENHANCED KEY OPERATIONAL HIGHLIGHTS FOR PERIOD ENDING 30 JUNE
Slide 8: 2015 Portfolio Under Construction and Coming Soon
2 0 15 P O R T F O L I O U N D E R C O N S T R U C T I O N & C O M I N G S O O N COMING SOON BRISBANE GRACE m u lt i - s to r e y TOWNSVILLE B AYS ID E u r b a n d e v e lo p m e n t ST LUCIA residential housing GOLD COAST THE LAKES m u lt i - s to r e y / r e s i d e n t i a l h o u s i n g / u r b
Slide 9: FY15 Financial Review
F Y15 F I N A N C I A L R E V I E W
Slide 10: Financial Performance
FINANCIAL PERFORMANCE RESIDENTIAL HOUSING AND URBAN DEVELOPMENT KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 30 JUNE 2015 ■■ Revenue increase includes strategic project sales of $90.1 million. $M FY15 FY14 % CHANGE ■■ Return on cost well above Group objective of 20%. TOTAL REVENUE 289.0 188.0 54% ■■ R
Slide 11: Operational Review
O P E R AT I O N A L R E V I E W
Slide 12: Operational Review — Segmental Results
O P E R AT I O N A L R E V I E W — S E G M E N TA L R E S U LT S SEGMENTAL RESULTS (YEAR ENDING 30 JUNE) ■■ Revenue in residential housing and urban development includes $90.1 million FY15 FY14 % CHANGE from strategic sale of projects in Melbourne and Sydney. RESIDENTIAL HOUSING & URBAN DEVELOPMENT
Slide 13: Operational Review — Sales and Settlements
O P E R AT I O N A L R E V I E W — S A L E S A N D S E T T L E M E N T S HISTORICAL SALES VALUE AND VOLUME (YEAR ENDING 30 JUNE 2015) AVERAGE SALE PRICE (YEAR ENDING 30 JUNE 2015) 500 500 12001200 800 800 509.0 509.0 10671067 700 700 675.0 675.0 400 400 10001000 432.9 432.9 389.0 389.0 600 600 618.4
Slide 14: Operational Review — Projects Under Construction
O P E R AT I O N A L R E V I E W — P R O J E C T S U N D E R C O N S T R U C T I O N 175528 MULTI-STOREY PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 30 JUNE 2015) $245M URBAN $145M 17% UNSE TTL ED CONTRACTED % CONTRACTED LOTS LOTS LOTS 28% # $M # $M # $M UNSETTLED LOTS MULTI-STOREY 156 245 143 213
Slide 15: Operational Review — Total Development Portfolio
O P E R AT I O N A L R E V I E W — T O TA L D E V E L O P M E N T P O R T F O L I O 62929 URBAN TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 30 JUNE 2015) $355M HOUSING $1,067M 9% TO BE UNDE R TOTAL DE V E LOPMENT 29% RE L E ASED CONSTRUCTION PORTFOLIO # ( $M) # $M # $M TOTAL PORTFOLIO BY MULTI-STO
Slide 16: Outlook
OUTLOOK
Slide 17: Outlook
OUTLOOK SUNLAND’S COUNTER-CYCLICAL APPROACH has placed the Group in an advantageous position as it enters a key delivery phase in the high growth markets of South-East Queensland, Sydney and Melbourne. THE GROUP’S STRATEGIC RETURN to the multi-storey sector, coupled with several major site acquisiti
Slide 18: Portfolio Details
P O R T F O L I O D E TA I L S
Slide 19: Portfolio Under Construction
PORTFOLIO UNDER CONSTRUCTION PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) ( $M) ( #) ( $M) (# ) ($ M) (# ) ($ M) (# ) ($ M) MULTI STOREY ABIAN, QLD 148 239.1 0 0 148 239.1 142 212 6 27.1 MARINA RESIDENCES, QLD 84 53.7 76 47.6 8 6.1 1 0.6 7 5.5 SUB-T
Slide 20: Portfolio To Be Released
PORTFOLIO TO BE RELEASED PORTFOLIO TO BE RELEASED YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) ( $M) ( #) ( $M) ( #) ($ M) (# ) ($ M) (# ) ($ M) MULTI STOREY MARINER'S COVE, QLD 370 482 0 0 370 482 0 0 370 482 GRACE, QLD 506 485 0 0 506 485 0 0 506 485 1 MARINE PARADE, QLD 164
Slide 21: Project Settlement Timeline
PROJECT SETTLEMENT TIMELINE PORTFOLIO UNDER CONSTRUCTION FY16 F Y17 FY18 FY19 & BEYOND MULTI STOREY ABIAN, QLD MARINA RESIDENCES, QLD HOUSING CONCOURSE VILLAS, QLD QUAYS, QLD W HYTE, VIC CARRÉ, VIC THE GARDENS, VIC PAVILIONS, QLD THE TERRACES, QLD DAHLIA, NSW URBAN BAYSIDE, QLD MEDINAH, QLD AMYTIS,
Slide 22: Project Settlement Timeline
PROJECT SETTLEMENT TIMELINE PORTFOLIO TO BE RELEASED FY16 F Y17 FY18 FY19 & BEYOND MULTI STOREY MARINER'S COVE, QLD GRACE, QLD 1 MARINE PARADE, QLD MARINA CENTRAL, QLD PALM BEACH, QLD THE LAKES, QLD HOUSING ELLANORA, NSW 18 MCPHERSON STREET, NSW PARKWAY, QLD MELIAH, QLD PALM BEACH, QLD VARSITY LAKES
Slide 23: Sunland Group
Sunland Group ESTABLISHED 983