Sunevision Holdings Ltd. · HKEX:1686
Sunevision — FY2020/21 Earnings Presentation
24 slides from Sunevision's earnings presentation, September 2021
Slide 1: FY20/21 Results Presentation
FY20/21 RESULTS PRESENTATION (HKSE: 1686) September 2021
Slide 2: Disclaimer
DISCLAIMER The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by SUNeVision Holdings Limited
Slide 3: SUNeVision at a Glance
SUNeVision AT A GLANCE Hong Kong based largest data centre service provider with differentiating capabilities Most Carrier - Cloud Largest Connected Neutral Gateways Scalable Trusted ~25% 9 200+ All 5+3 21 market share1 subsea cable carriers, ISPs major cloud strategic years’ of PoPs3 & other servic
Slide 4: Proven Track Record of Growth Over 21 Years
PROVEN TRACK RECORD OF GROWTH OVER 21 YEARS 1 2 3 4 21 years track record of Consistently maintained Over HKD18.1bn of total Strong revenue CAGR of developing data centre portfolio industry leading EBITDA margins capital invested over the years1 13% from FY2017–2021 and building strong clientele of
Slide 5: Dual Core Strategy to Further Accelerate Growth
DUAL CORE STRATEGY TO FURTHER ACCELERATE GROWTH Full Asset Ownership Model ✓ Provides Company with superior control in managing underlying properties – Decisions optimised based on business needs Asset Light Model – Long-term stability an important consideration MEGA-i for DC clients (Chai Wan) ✓ Li
Slide 6: Key Transaction Update: Brownfield Development of Hyperscale Data Centre
KEY TRANSACTION UPDATE: BROWNFIELD DEVELOPMENT OF HYPERSCALE DATA CENTRE In July 2021, SUNeVision has entered into a master service agreement with a major hyperscale customer. SUNeVision will establish a single-user data centre with a total IT power capacity of 10MW for the customer to facilitate th
Slide 7: Corporate Highlights
01 CORPORATE HIGHLIGHTS
Slide 8: Corporate Highlights
Sizable and growing addressable market 1 driven by secular tailwinds Largest IDC player with best-in-class assets 2 in strategic locations across Hong Kong Diversified, quality and sticky 3 client base CORPORATE HIGHLIGHTS 4 Strong future growth pipeline SUNeVision is a leading data centre service p
Slide 9: Sizable and Growing Addressable Market Driven by Secular Tailwinds
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY SECULAR TAILWINDS Unprecedented demand for data and traffic continues to drive demand for DC services. HK is a global DC hub in the fastest growing region for DC Demand for data and traffic HK public cloud market1 HK data centre market2 Cloud Softwa
Slide 10: Hong Kong Global Connectivity Hub
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY SECULAR TAILWINDS Hong Kong – global connectivity hub with subsea cables concentrated around the city Hong Kong as Key Hub for Data Traffic Growth Japan ✓ Geographical location, strong subsea cable China Korea Tokyo connections & well-established co
Slide 11: Reliable Power Supply and Supportive Government Policies
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY SECULAR TAILWINDS Reliable and abundant power supply and supportive government policies further serve as HK’s competitive advantages for data centre services Reliable and Abundant Power Supply1 Supportive Government Policies2 • HK has 2 power compan
Slide 12: Largest IDC Player with Best-in-Class Assets
2 LARGEST IDC PLAYER WITH BEST-IN-CLASS ASSETS IN STRATEGIC LOCATIONS ACROSS HONG KONG Largest IDC player with 1.4mn sq ft GFA (~25% market share1) and best-in-class assets across HK SUNeVision's Data Centre Portfolio SUNeVision’s Future Pipeline DCs Location GFA (sq ft) Highlights Revitalisation ✓
Slide 13: Scalable Self-Owned Data Centre Portfolio in Strategic Locations
2 LARGEST IDC PLAYER WITH BEST-IN-CLASS ASSETS IN STRATEGIC LOCATIONS ACROSS HONG KONG Scalable and self owned data centre portfolio with strategic locations in Hong Kong SUNeVision’s IDCs are Developed in Strategic Locations in HK Strategic Focus in HK Scale and cluster effect Gateway to China • In
Slide 14: Diversified, Quality and Sticky Client Base
3 DIVERSIFIED, QUALITY AND STICKY CLIENT BASE Diversified clientele with robust and accelerating demand, with top 5 customers accounted for ~44% of data centre revenue Top DC Ecosystems in HK1 Clients’ Demand SUNeVision’s Solution (% of Market Ecosystem) • Demand from hyperscale / MEGA Plus cloud pl
Slide 15: Case Study: Collaboration with Tencent Cloud
CASE STUDY: COLLABORATION WITH TENCENT CLOUD Strategic Collaboration with Tencent Cloud In August 2021, SUNeVision announced a strategic collaboration “We are excited to strategically collaborate with Tencent Cloud to with Tencent Cloud to further expand both parties’ presence and accelerate digital
Slide 16: Strong Future Growth Pipeline
4 STRONG FUTURE GROWTH PIPELINE SUNeVision to quadruple its total IT capacity to 280MW+ based on its current pipeline projects Construction of New Data Centres Revitalising Existing Facilities 1 1 MEGA Gateway MEGA-i (TWTL 428) • Combined with JUMBO to strengthen Tsuen Wan • +40% power capacity and
Slide 17: Strong Future Growth Pipeline: Capacity Expansion Plan
4 STRONG FUTURE GROWTH PIPELINE Exciting growth opportunity as MEGA Gateway (TWTL 428), MEGA IDC – Phase 1 (TKOTL 131) and MEGA Fanling are getting ready for service within the next 12-18 months, coupling with continual power upgrades and revitalisation projects Capacity Expansion Plan 4x in Total I
Slide 18: Industry Veteran Management and Strategic Shareholder Support
5 INDUSTRY VETERAN MANAGEMENT AND STRATEGIC SHAREHOLDER SUPPORT Veteran management and strong backing by strategic shareholder, enabling the fastest and most efficient high-tier data centre build in Hong Kong Industry Veteran Management Key Leadership Raymond Tong Martin Chan Fiona Lau Andrew Wong A
Slide 19: FY20/21 Full Year Results
02 FY20/21 FULL YEAR RESULTS
Slide 20: FY20/21 Highlights
FY20/21 HIGHLIGHTS SUNeVision is pleased to announce another strong full year results for FY2020/21 ✓ Revenue from continuing operations increased 9% YoY to HK$1,874mn ✓ Revenue from data centre and IT facilities increased 14% YoY to HK$1,746mn Financial Results ✓ EBITDA from continuing operations r
Slide 21: Solid Revenue and EBITDA Growth with Margin Expansion
SOLID REVENUE AND EBITDA GROWTH WITH MARGIN EXPANSION Healthy revenue growth on the back of increased IT power capacity as well as continuing growth from hyperscale and cloud customers. Margin expansion as a result of increased economies of scale and improved operating leverage Net Revenue (Annually
Slide 22: Healthy Growth with Margin Expansion
HEALTHY GROWTH WITH MARGIN EXPANSION Proposed final dividend of HK19.4 cent per share, representing a strong 11% growth over FY19/20. The dividend will be paid on 25 November 2021 following approval at the 2021 AGM Underlying Profit1 Dividend per Share (HK$mn) (HK cents per share) 45% 43% 41% 42% 78
Slide 23: Strong Funding Platform with Competitive Financing Cost
STRONG FUNDING PLATFORM WITH COMPETITIVE FINANCING COST Access to competitively priced bank financing and strong financial support by major shareholder Net debt / EBITDA1,2 Debt structure as of 30 June 2021 (HK$mn) Shareholder's loan 31% Total debt: HK$10.6bn 7.5x 7.3x 7.5x HK$3.3bn 1.7x 4.3x 4.6x 5
Slide 24: Thank You
THANK YOU oxahed
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