Slide 1: 2014 Annual Results Presentation
(incorporated in Bermuda with limited liability) Stock Code: 1098 2014 Annual Results Presentation March 2015
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by Road King Infrastructure Limited (the “Compan
Slide 3: A Developer and Operator with Sustainable and Healthy Growth
A Developer and Operator with Sustainable and Healthy Growth Updates Q&A 2
Slide 4: Performance Highlights
Performance Highlights Progressive growth in revenue from property development Sustainable gross profit margin at mid-20% mid 20% Closely monitor leverage ratio Reaffirmed credit rating with positive outlook 3
Slide 5: Developing track record in property development business
Developing track record in property development business Revenue (HK$ mm) Core operating profit1 (HK$ mm) 12,730 11 456 11,456 9,344 6,833 4,942 40% 2,639 2 080 2,080 2 130 2,130 1,265 1,483 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Note: 1 Core operating profit represents profit excluding t
Slide 6: Developing track record in property development business
Developing track record in property development business Contracted sales (RMB mm) Contracted sales (GFA’ 000 sqm) 12,210 1 104 1,104 1,019 946 9,563 9,404 727 6,335 596 5,633 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Balancing turnover and profitability Maintain an ASP of approximately
Slide 7: Land reserve in focus area
Land reserve in focus area Land reserve 2013 2014 Others Others 11% 15% Bohai Rim 16% Bohai Rim 19% Yangtze River Delta Yangtze 66% River Delta 73% T t l land Total l d reserve: 5.6 5 6 million illi sqm T t l land Total l d reserve: 5.3 5 3 million illi sqm Cautious approach pp in land acquisition
Slide 8: Enhanced toll road portfolio
Enhanced toll road portfolio Average daily traffic volume of existing toll Share of toll road revenue roads (‘000 vehicles) (HK$ mm) 9% 8% 201 968 844 839 893 803 184 171 174 169 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Stable cash flow stream – cash received from JV was HK$518 mm in 2014
Slide 9: Financial profile
Financial profile Financial snapshot (HK$ mm) 2013 2014 Key observations Contracted sales (RMB mm) 12,210 9,404 Contracted sales (GSA ’000 sqm) 1,104 946 Maintain ASP for contracted sales approx. RMB10,000 Property y revenue 11,456 12,730 Gross profit 2,933 3,334 Gross margin (%) 26% 26% Gross profi
Slide 10: Healthy liquidity level
Healthy liquidity level Termed out debt maturity profile (HK$ mm) Total debt 1/ capitalization2 Offshore loan Onshore Loan 79 17 3,542 46% 47% 48% 50% 51% 5,090 4,037 377 1,246 <1 years 1-2 years 2-5 years >5 years 2010 2011 2012 2013 2014 Note: 1 Total debt includes current and non-current bank and
Slide 11: Summary
Summary Developing track record Progressive growth in revenue with 11% increase over 2013 and 24% growth in core operating profit in property d development l t business b i Maintain ASP and gross profit margin despite sluggish market Steady increase in traffic volume and share of revenue Stabl
Slide 12: Questions & Answers
A Developer and Operator with Sustainable and Healthy Growth Questions & Answers 11