Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — H1 2015 Earnings Presentation
22 slides from Yoma Strategic's earnings presentation, Oct 29, 2014
Slide 1: 1H2015 Results Presentation
1H2015 Results Presentation 29 Oct 2014
Slide 2: Disclaimer
Disclaimer The material presented herein is for your general information only and nothing herein shall be considered to be business or legal advice. No representation, warranty or recommendation whatsoever as to the merits of investing in any company, entity or financial instrument is to be read or
Slide 3: Results Highlights
Results Highlights
Slide 4: 2Q2015 Financial Highlights
2Q2015 Financial Highlights Revenue increased over 53% year- Revenue on-year to S$41.2 million S$’million 50 52.9% Net profit jumped by 177% year- 40 41.2 on-year to S$16.5 million 30 27.0 Net profit attributable to 20 shareholders recorded a strong 10 222% year-on-year growth to S$10.8 mill
Slide 5: 2Q2015 Revenue Breakdown
2Q2015 Revenue Breakdown Strong revenue growth driven by Real 2Q2014 Estate Division contributing 91% of the Others 2% Group’s turnover in 2Q2015 In S$’million 2Q2015 2Q2014 Sales of Residences 41% Residences 9.2 11.0 Sales of Sales of LDRs Residences 57% and LDRs LDRs 28.2 15.4 Others 3.8 2Q2015
Slide 6: Quarterly Analysis
Quarterly Analysis S$ million 45 41.2 Revenue 40 Gross Profit Net Profit attributable to shareholders 35 30.2 30 27.0 27.5 25 20.5 20 2 17.3 16.1 15.5 15.2 15 13.6 13.0 13.4 12.8 11.6 11.5 12.1 10.8 3 9.8 10 8.6 7.3 5.9 6.4 6.0 6.4 5.5 5.1 5.4 5.2 4.9 5 3.7 3.3 2.0 1.4 2.5 2.1 2.2 1.6 1.1 1.4 1.4 0.
Slide 7: P&L Statement
P&L Statement In S$’million unless Change Change 2Q2015 2Q2014 1H2015 1H2014 otherwise stated (%) (%) Revenue 41.2 27.0 52.9 58.7 42.4 38.2 Cost of sales (25.7) (14.8) 73.0 (38.1) (24.3) 57.0 Gross profit 15.5 12.1 28.2 20.5 18.2 13.1 Other operating gains 10.5 0.1 N.M. 16.3 0.2 N.M. Expenses Financ
Slide 8: Selected Balance Sheet Items
Selected Balance Sheet Items S$’million 30 Sept 2014 31 Mar 2014 • 47%: Unbilled trade Cash and cash equivalents 61.5 16.7 receivables Trade and other receivables 122.4 86.1 • 22%: Project costs Inventories 0.9 0.7 Properties under development 28.5 39.4 LDRs 145.3 158.2 Strong landbank – LDRs Call o
Slide 9: Business Updates
Business Updates 9
Slide 10: FMI City
FMI City Myanmar’s first gated community, complete with its own sports and recreation centre, supermarket and wet market, bank and food stalls. Situated on 465 acres of land, it is nine miles from the centre of Yangon and two miles from Yangon International Airport. Sales of Properties Economic be
Slide 11: Pun Hlaing Golf Estate (PHGE)
Pun Hlaing Golf Estate (PHGE) PHGE Sales Updates Rose Garden Villas Rose Garden/Lotus Garden Villas 6 out of 26 houses sold House Area: 4,163 – 7,067 sq t Site Area: 8,568 – 11,323 sqft Current Selling Price: c.US$1.1 million or US$208 psf Bamboo Grove 12 out of 12 houses sold Bamboo Grove House Are
Slide 12: PHGE - Upcoming launch
PHGE - Upcoming launch Expected launch date – 2H2014 - Lotus Canal View Villas – 12 detached homes - Lotus Garden Place Villas – 30 semi detached homes - Lotus Terrace – 18 apartments (2 and 3 bedrooms) - Lotus Hill and Lotus Golf Villas 12
Slide 13: Star City
Star City 95% of the units launched in Star City have been taken up1 Take-up Rate for Zones A and B A3 A4 B1 B2 B5 B3 B4 Total Launch 528 169 441 433 1571 Sold* 528 164 413 385 1490 Launch May’12 April ‘13 Aug ‘13 Dec’13 NA Date Zone D Zone C Future FY2H15 Plan 13 1Including those with booking depos
Slide 14: Star City Zone C
Star City Zone C Zone C Collaboration with the third party investor after Zone B Agreement to sell the LDRs for future development and manage the construction and sale of the 950 apartment units* to buyers Recorded US$20 million (S$25.2 million) as the consideration for the sale of the LDRs
Slide 15: Star Residence A5
Star Residence A5 Strong leasing demand for A5 66 out of 150 units have been leased out The unoccupied ones are not fully furnished yet Monthly 1 Bedroom 2 bedrooms 3 bedrooms 4 bedrooms Rents US$ Apartment Apartment Apartment Apartment River View 1900 – 2650 2450 – 2650 3200 – 3550 3850 Courtya
Slide 16: Recent Developments
Recent Developments 16
Slide 17: Recent Developments
Recent Developments Proposed Acquisition of LDRs and businesses at PHGE for US$77 million 17
Slide 18: Proposed Acquisition (PHGE)
Proposed Acquisition (PHGE) Agreed Price Proposed proportion to Agreed price Post Proposed Acquisitions Acquisition Site Area the proposed US$ psf acquisition (Interest) interest US$ (Interest) million LDRs Relating to Land 0.18 million sq ft 100% 11.46 65 100% Adjacent to Hospital (4.03 acres) Econ
Slide 19: Recent Developments
Recent Developments Proposed acquisition of an 80% interest in Landmark Development (approx. 25 year lease) US$43 million Proposed acquisition of the CPCL (New Holland tractors) US$12 million Proposed 1 for 3 rights issue at S$0.38 per share to raise US$131.1 million (S$163.9 million) 19
Slide 20: Overview of KFC Myanmar
Overview OF KFC Myanmar The Opportunity in Myanmar About KFC • Consumer class of up to 19 million • One of the world’s largest by 2030 with consumer spending restaurant chains most recognised expected to increase 3-fold consumer brands • No GLOBAL QSR brands in country • Over 18,000 locations in 118
Slide 21: Bringing KFC to Myanmar
Bringing KFC to Myanmar YOMA ‘THE STRAITS TIMES Business about i business and ie sty be = a pe tense iter, Yum! Brands & Yoma Strategic to Bring First KFC to Myanmar | KFC targets middle-class future Leading US beand KFC coming to Myanmar on 2018 REUTERS KFC to open first Myanmar outlet in 2015 Myan
Slide 22: Q&A
Q&A
Yoma Strategic Holdings — H1 2015 Earnings Presentation on 6ix