Csi Properties Limited · HKEX:497
Csi Properties — FY2013 Earnings Presentation
16 slides from Csi Properties's earnings presentation, June 2013
Slide 1: FY 2013 Results Presentation
FY 2013 Results Presentation June 2013
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the "Company") for reference purposes only, and should not be relied upon for the purpose of making any investment decision or for any other purpose whatsoever. The information contained in this presenta
Slide 3: Agenda
Agenda • Results Highlights • Prospects • Q&As 3
Slide 4: Results Highlights & Prospects
Results Highlights & Prospects
Slide 5: FY 2013 Final Results Highlights
FY 2013 Final Results Highlights (Year ended 31st March) (HK$’m) FY’2013 FY’2012 % change (A) (B) (A/B-1) Gross Revenue from 1,162 3,217 64% property business - property sale 939 2,992 - rental income 223 225 Gross Profit 738 1,666 55% Profit from Property JV/ 300 217 38% Associates Profit Attributa
Slide 6: FY 2013 Disposals
FY 2013 Disposals Project Selling Price Book Cost (HK$m) (HK$m) Causeway 25 %interest in CUBUS 383 130 Bay 4 units of the Hampton Happy Valley 484 182 Basement and 24th floors of Wanchai 359 108 AXA Centre Unit 3210, Bank of America Central 37 23 Tower Interest in Yiu Wah Street Kwun Tong 60 50 6
Slide 7: FY 2014 YTD Disposals
FY 2014 YTD Disposals Project Selling Price Book Cost (HK$m) (HK$m) H8, 8 Hau Fook Street* TST 668 311 2 units of the Hampton** Happy Valley 160 80 703 Nathan Road*** Mongkok 1,063 830 Presale of 37 units at the Causeway c. 550 377 yoo Residence**** Bay CSI has achieved several key sales in the curr
Slide 8: FY 2013 Final Results Highlights
FY 2013 Final Results Highlights (HK$’m) FY 2013 FY 2012 31st Mar 2013 31st Mar 2012 Properties & related assets 7,425 5,877 Cash & bank balances 3,132 2,445 Investments 752 646 Other assets 181 81 TOTAL ASSETS 11,490 9,049 Bank loans 2,707 2,655 Notes and Convertible Bonds 1,170 9 Other liabilities
Slide 9: FY 2013 Financial Highlights
FY 2013 Financial Highlights FY 2013 (HK$m) FY 2012 (HK$m) Book NAV attributable to Shareholders 7,064 5,959 Pro-forma adjusted NAV attributable to 10,530 9,448 Shareholders Net debt 745 210 Current ratio 6.09x 5.6x Gearing ratio (consolidated) 33.7% 29.3% Committed Property JV/ Associate 1,250 777
Slide 10: Pro-forma Balance Sheet Adjusted for Market Valuation
Pro-forma Balance Sheet Adjusted for Market Valuation Net Asset Value (HK$’m) Net assets attributable to Shareholders (audited) 7,064 Add: Attributable revaluation surplus relating to the Group’s properties held for sale as per independent valuations 2,800 at 31 March 2013* Attributable revaluation
Slide 11: Key Corporate Activities Highlights
Key Corporate Activities Highlights • Completed a placement exercise through CLSA Capital Markets Limited and JPMorgan Securities to raise approximately US$50 million in October 2012. • The placement proceeds further strengthen the balance sheet of the company and provide the funds for necessary acq
Slide 12: Strong Commitment of Controlling Shareholder
Strong Commitment of Controlling Shareholder Public Shareholders Mico Chung (53.8%) (46.2%) Shareholding interests based on 9,518 million, the total number of outstanding shares after completion of top-up placement in October 2012 • Mr. Chung recently completed his annual 2% purchase limit in April
Slide 13: Awarded "Best Small Cap Company in Hong Kong"
Awarded “Best Small Cap Company in Hong Kong” • The Group was awarded the “Best Small Cap Company in Hong Kong” in Asia's Best Managed Companies annual poll conducted by FinanceAsia, the leading financial journal in the Asia Pacific region • FinanceAsia has organised the annual poll to select Asia’s
Slide 14: Prospects
Prospects Investment Properties Couture Homes • Commitment to detailed design and top quality finishing, tailored made to aim at • Continue to leverage on established pre-targeted class of high-net worth market strengths and network to identify buyers and invest in properties that fit into our model
Slide 15: Prospects - List of Major Properties
Prospects - List of Major Properties Gross Current/ Area Market Book Date of Committed Occupancy Portfolio information * (approx) Value(1) Value Purchase Annual Rent (%) sq ft (HK$’m) (HK$’m) (HK$’m) (‘000) Investment Property G/F, 1506-07,17-23F, Skysign, 75 carparks of Aug ‘06 / Wanchai 124 2,197
Slide 16: Q & As
* ASIA'S CSI BEST TH PROPERTIES COMPANIES a s+ & & COUTURE HOMES 20135 Mm OR eS Best Small-Cap CSI Properties Hong Kong