Yuzhou Group Holdings Co., Ltd. · HKEX:1628
Yuzhou — Yuzhou Properties Company — H1 2019 Earnings Presentation
30 slides from Yuzhou's earnings presentation, August 2019
Slide 1: Interim Report 2019
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fl behbabsbababah nmtenx: Ti sue Ten years of endeavor A QUARTER CENTURY Of legacy
Slide 3: Results Highlights
Results Highlights – Leading with Locality Development Strong Contracted Sales, Abundant Growing Steadily, Maximize the Interests of Saleable Resource in 2H2019 Shareholders In 1H2019, contracted sales reached Net profit attributable to owners increase 23.2% yoy RMB28.5 bn, increase 32.5% yoy, accou
Slide 4: Contents
Contents 1. Business and Financial Reviews 2. Business Operations 3. Future Outlook 4. Appendix Xuzhou·Lakeside Langham 4
Slide 5: Business and Financial Reviews
Business and Financial Reviews Shanghai Yuzhou Noble Mansion 5
Slide 6: Rapid Contracted Sales Renew the Record
Rapid Contracted Sales Renew the Record Contracted sales increased to RMB28,474 mn in 1H2019, strongly increased 32.47% yoy， finished 42.5% of the annual target Accelerated sales and actively extended in the tier 1&2 cities and their satellite cities with convenient rail transportation In-dema
Slide 7: Diversified Contracted Sales in 1H2019
Diversified Contracted Sales in 1H2019 In 1H2019, Yuzhou achieved a total contracted sales of RMB28,474 mn; contracted GFA was 1,853,013 sq.m.；and the contracted ASP was RMB15,366/sq.m. 1H2019 Contracted Sales by Region Contracted Contracted Contracted As of Total Sales GFA ASP The Region City Cen
Slide 8: Sales Highlights — In-Depth Cultivation
Sales Highlights — In-Depth Cultivation By contracted sales in 1H2019, Yuzhou were Top ranked in many major cities. Suzhou Hefei Yangzhou The 6 th The 7 th The 9 th In 1H2019, many projects sell successful and popular Yuzhou Jinmao Residence Yuzhou Honor Hill Yuzhou Honor Promenade （Shanghai） （S
Slide 9: 1H2019 Analysis of Recognized Property Sales
1H2019 Analysis of Recognized Property Sales Recognized Property Sales* Recognized GFA & ASP GFA ASP RMB mn ‘000 sq.m. RMB ‘000/sq,m, 25,000 2,000 14,118 15,182 16,000 1,536 12,662 20,000 1,483 1,503 12,000 12,574 14,653 15,000 14,166 1,000 9,000 875 8,000 10,000 692 9,327 11,303 4,000 5,000 8,973 7
Slide 10: Win-Win of Scale & Profitability
Win-Win of Scale & Profitability (RMB mn） 1H2019 1H2018 Changes 100% = RMB 100% = RMB 11,637 mn 9,243 mn Sales of 11,302.84 8,972.99 +26% 0.02% 0.01% others properties 0.07% 0.09% Rental income 147.51 102.19 +44% 1.52% 1.71% 1.27% 1.11% Hotel operation Property income management fee 177.13 158.31 +1
Slide 11: Steady Growth in Profits, Continuous Return to Shareholders
Steady Growth in Profits, Continuous Return to Shareholders Yuzhou has always been committed to sharing the development results with shareholders and investors. In the past 10 years, the company has accumulated a dividend of HK$2.62 per share, equivalent to 97% of the IPO price of HK$2.7, providin
Slide 12: Stable Financial Position & Diversified Financing Channels
Stable Financial Position & Diversified Financing Channels Sustained a manageable net gearing ratio, with successful financing measures that effectively control the average funding cost Moody’s, S&P, Fitch and Lianhe Global retained Ba3、BB-、BB- and BB respectively Golden Credit Rating Internat
Slide 13: Business Operations
Business Operations Wuhan Langham City Land
Slide 14: Strategic Planning of Land Acquisition at Attractive Value
Strategic Planning of Land Acquisition at Attractive Value As of 30 June，cultivating 6 metropolitan areas with a footprint in 30 cities nationwide The land bank was approximately 19.18mn sq.m. with the average land cost of RMB5,580 By sellable resource, tier 1&2 cities account for about 80%，wh
Slide 15: New Landbank in 1H2019
New Landbank in 1H2019 Avg. land Project Method % Site area Total land Att. land Saleable City GFA (sq.m.) Att. GFA cost type ology (sq.m.) cost cost Resources (sq.m.) (RMB/ Saleable GFA* (RMB mn) (RMB mn) (RMB mn) sq.m.) Qingdao Resi/Com Bidding 100% 97,953 156,724 156,724 731 731 4,662 2,700 Bohai
Slide 16: High Quality & Abundant Saleable Resource
High Quality & Abundant Saleable Resource In 2H2019，saleable resource amount to RMB80 billion，tier 1&2 cities account to 90% 2019 Total Saleable Resource 2H2019 Saleable Resource Amount to RMB80 Amounts to RMB110 billion billion and Breakdown by Region The Greater Bay Area 2% 1H Bohai Rim 40% Sout
Slide 17: Investment Properties – Vigorous Business Expansion
Investment Properties – Vigorous Business Expansion, 92% in tier 1&2 cities* 15X Operation 12X Preparation Shenyang： Yuzhou Plaza Yangzhou： Yuzhou Commercial Plaza Nanjing： Yuzhou Commercial Plaza Suzhou： Shanghai： Wangting Town Project Yuzhou Commercial Plaza Yuzhou Plaza Research Building Yuzhou J
Slide 18: Investment Properties – Further Development in the Next 3 Years
Investment Properties – Further Development in the Next 3 Years In the next 3 years, earnings are expected to realize a dynamic growth Regional business office buildings, community-based commercial complexes, landmark-level 5A office buildings, European-style British pedestrian streets, park-sty
Slide 19: Hotel Business & Property Management Developing Strongly
Hotel Business & Property Management Developing Strongly Focusing on the development of serviced apartments as well as medium-to-high-end business hotels in order to establish premium hotel brands Property management part achieved rapid development, covering 22 cities, 58 projects 「Yu Housekeepe
Slide 20: Future Outlook
未來展望 Future Outlook Hefei Galaxy Park 20
Slide 21: Outlook for the Group in 3-5 Years
Outlook for the Group in 3-5 Years Target on 100bn contracted sales, aiming to rank TOP20 by profit among peers Actively acquiring land parcels with high quality Paying close attention to the improvement of profit, achieving a steady growth trend Contracted Sales Core Net Profit RMB mn RMB mn
Slide 22: Expand Urban Renewal Project In-Depth Cultivation
Expand Urban Renewal Project In-Depth Cultivation Stronger urban renewal business development， promoting projects landing rapidly Accelerate the business in the Greater Bay Area, grasp the growth potential of core cities Keep deepening the layout of the six metropolitan, supporting the strateg
Slide 23: Appendix
Appendix Xiamen Yuzhou Wyndham Grand Plaza Royale Hotel
Slide 24: Key Projects in 2H2019
Key Projects in 2H2019 Wuhan Yuzhou Langham City Land Suzhou Yuzhou Honor Hill (武漢禹洲·朗廷元著) (蘇州禹洲·嘉譽山) • Located at the intersection of • Located at the junction of Jiangcheng Avenue and Taizi Zhenshan road and Zhenbei Hubei road in Wuhan road of Tong’an town, Suzhou Economic and Technological high-t
Slide 25: Key Projects in 2H2019 (Cont'd)
Key Projects in 2H2019 (Cont’d) Tianjin Yuzhou Tangshan Jiayujinghu Tianjin Yuzhou Tangshan Fenghuang Garden (天津禹洲·唐山嘉譽瀞湖) (天津禹洲·唐山鳳凰府) • It is located on the southeast side of the intersection of Youyi • Located in the core of Street and Second Ring Road Fenghuang New City, North in Fengnan Distric
Slide 26: Development Milestone
Development Milestone Cultivating in Regions Leading the Market 2015 2013 2017 Ranked among the The national land Top 36 of real estate Based in West Yuzhou was introduced to “Hang 2011 bank amounted to enterprises in China, Seng SCHK High Dividend Low Strait Zone, over 9.2 million Yuzhou “Boutique
Slide 27: Highlights of 1H2019 Results
Highlights of 1H2019 Results 1H2019 1H2018 Changes (RMB’000) Contracted sales 28,473,760 21,494,226 +32.47% Recognized revenue 11,637,425 9,242,624 +25.90% Gross profit 3,140,422 2,914,092 +7.77% Profit for the year 1,907,126 1,390,650 +37.10% Core profit 1,396,993 1,158,064 +20.63% EBITDA 4,443,546
Slide 28: 1H2019 Key Financials
1H2019 Key Financials As at 30 June 2019 As at 31 Dec 2018 Changes (RMB’000) Total assets 143,207,059 115,063,004 +24.46% Total liabilities 120,388,169 93,632,652 +28.57% Total equity 22,818,890 21,430,352 +6.48% Total cash 38,926,188 29,279,350 +32.95% Total debt 55,515,597 43,631,855 +27.24% Net d
Slide 29: 2019 Cash Flow
2019 Cash Flow （RMB bn） 1H2019 FY2019E Cash inflow Cash proceeds from contracted sales and other income +24.2 +41.2 Cash outflow Land premium paid -12.8 -20.0 Construction cost capex -8.4 -14.4 Other expenses – Interest, tax, dividends and others -5.2 -9.8 29
Slide 30: Yuzhou Properties will remain resilient in the face of the ever-changing market environment. Capitalizing
凡大成者，必取於勢，優於術，精於道。 Yuzhou Properties will remain resilient in the face of the ever-changing market environment. Capitalizing on the development of new urban areas, it will stick to the “A Journey to 100 Billion with Nationwide Cultivation” strategy. Emphasis will be placed on strengthening its prese
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