Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — 6M-Sept2022 Earnings Presentation
13 slides from Yoma Strategic's earnings presentation, Nov 13, 2022
Slide 1: 6M-Sept2022 Earnings Results
6M-Sept2022 Earnings Results Yoma Strategic Holdings Ltd. 1
Slide 2: CEO statement – Melvyn Pun
“Amidst encouraging signs in the property market in Myanmar, the Group’s real estate business has had a standout 2022 with record breaking sales numbers compared to our past performance. Our restaurants platform also achieved our highest monthly sales volumes on record, and Wave Money continues to g
Slide 3: 6M-Sep2022 Key Financial Highlights – Profit and Loss
6M-Sep2022 Key Financial Highlights – Profit and Loss 1) Road to recovery Statement of Income 6M-Sep2021 6M-Sep2022 (US$ million) (US$ million) Strong demand for the Group’s newly launched real estate Revenue 43.4 40.9 projects combined with a substantial recovery in Yoma F&B Cost of sales (28.7) (2
Slide 4: 6M-Sep2022 Key Financial Highlights – Balance Sheet
6M-Sep2022 Key Financial Highlights – Balance Sheet Net Debt & Net Gearing Ratio US$ million Net Debt Total Capital Gearing Ratio 1200 35% 32.4% 1000 27.8% 30% 28.2% 25% 800 20% 600 15% 400 10% 200 5% 0 0% Sept 2021 Mar 2022 Sept 2022 • Net gearing continued to decrease and remains well below the ma
Slide 5: Segment Results - Yoma Land Development
Segment Results - Yoma Land Development Revenue Contribution: Revenue: Revenue decline Y-o-Y was primarily due to Yoma Central as the project remained US$13.9 million under suspension for the full period: -11% y-o-y • Customer activity at both estates remains robust as the demand for hard assets Cor
Slide 6: Segment Results - Yoma Land Services
Segment Results - Yoma Land Services Revenue Contribution: Revenue: Revenue declined Y-o-Y primarily due to lower operating fee income from Pun Hlaing US$4.8 million Golf and Country Club driven by the change in the Group’s financial year end. -42% y-o-y • Commercial leasing revenue increased due to
Slide 7: Segment Results - Yoma Financial Services
Segment Results - Yoma Financial Services Revenue Contribution: Revenue: US$2.2 million Yoma Fleet -33% y-o-y • Fleet size shrank by 18% to 1,073 vehicles with a corresponding decrease in revenue: 5% Core operating EBITDA excluding extraordinary items and year end • Early lease terminations and cont
Slide 8: Segment Results - Yoma F&B
Segment Results - Yoma F&B Revenue Contribution: Revenue: Restaurants business saw record monthly revenue in 6M-Sept2022: US$13.8 million 50% y-o-y • Strength in consumer spending despite KFC and YKKO increasing prices to counter inflation. Core operating EBITDA excluding 34% extraordinary items and
Slide 9: Segment Results - Yoma Motors
Segment Results - Yoma Motors Revenue Contribution: Revenue: Heavy Equipment business impacted by limited government tenders, lower demand US$5.4 million from disruptions to hire-purchase financing to customers and showroom closures in -14% y-o-y Upper Myanmar. 13% Core operating EBITDA excluding •
Slide 10: 6M-Sept2022 Strategic Updates
6M-Sept2022 Strategic Updates Wave Money • Continuing to work on regulatory approvals to finalize the acquisition of the remaining 51% stake in Wave Money from Telenor. 10
Slide 11: For enquiries, please contact
Note: This news release should be read in conjunction with the results announcement released on the SGXNet on 13 November 2022. For enquiries, please contact: Analyst contact: Ms. Jane Kwa, Tel: (65) 9759 2602 or (95) 09 79311 3587 Email: janekwa@yoma.com.mm Ms. Hnin Yu Mon, Tel: (95) 9253 0011 00 E
Slide 12: Appendix – Core Operating EBITDA excluding extraordinary items
Appendix 6M-Sep 2022 Core Operating EBITDA excluding extraordinary items US$ Million 10 4.7 7.4 5.2 5 (4.1) 0.3 0.9 0.8 0 (0.4) 1.9 -5 -10 (11.3) 9.4 -15 Net Profit Interest expenses Interest expense Taxes Depreciation and Currency Shares of losses Shares of losses Yoma Central Extraordinary items C
Slide 13: Appendix – Profit and Loss 6M-Sep2021 vs 6M-Sep2022
Appendix Profit and Loss – 6M-Sep2021 vs 6M-Sep2022 6M-Sep2021 6M-Sep2022 Real Estate Real Estate Financial F&B Motors Investment & Total Real Estate Real Estate Financial F&B Motors Investment & Total Development Services Services Corporate Development Services Services Corporate Revenue 15.6 8.3 3
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