Sunland — H1 FY2019 Earnings Presentation
20 slides from Sunland's earnings presentation, Feb 20, 2019
Slide 1: Sunland Group
Sunland Group
Slide 2: Half Year Results 2019
HALF YEAR RESULTS 2019 TO BE READ IN CONJUNCTION WITH THE GROUP'S FINANCIAL REPORT
Slide 3: Group Overview and Development Portfolio
GROUP OVERVIEW AND DEVELOPMENT PORTFOLIO
Slide 4: Throughout Sunland's 35-year history, our desire to create vibrant communities
THROUGHOUT SUNLAND'S 35-YEAR HISTORY, OUR DESIRE TO CONTRIBUTE TO THE CREATION OF VIBRANT COMMUNITIES HAS SET US ON A PATH OF LEARNING AS WE EXPLORE HOW ARCHITECTURAL EXCELLENCE AND BEAUTY CAN DEFINE, SHAPE, AND ENGAGE THE URBAN FABRIC OF COMMUNITY LIFE AND CONTRIBUTE TOWARDS BETTERMENT FOR ALL.
Slide 5: Group Narrative & Key Milestones
Group Narrative & Key Milestones CHAPTER ONE CHAPTER TWO CHAPTER THREE CHAPTER FOUR CHAPTER FIVE CHAPTER SIX 1983—1990 1991—1999 2000—2005 2006—2009 2010–2017 2018–BEYOND PIONEERING YEARS CREATIVE INNOVATION NATIONAL EXPANSION GLOBAL GROWTH STRATEGIC EVOLUTION NEW HORIZONS [1983] 27 CABANA BOULEVARD
Slide 6: National Portfolio
National Portfolio THE GROUP'S PORTFOLIO COMPRISES 4,421 RESIDENTIAL HOMES, URBAN DEVELOPMENT, RESIDENTIAL APARTMENTS, AND 24,600sqm OF RETAIL/COMMERCIAL, REPRESENTING $3.2 BILLION.* R E S I D E N T I A L A PA R T M E N T S RESIDENTIAL HOUSING URBAN DEVELOPMENT T O TA L R E TA I L & C O M M E R C I
Slide 7: FY19 Key Results
FY19 Key Results SUNLAND IS WELL POSITIONED TO CAPITALISE ON THE DELIVERY OF STRATEGIC SITES, PARTICULARLY IN SOUTH- EAST QUEENSLAND AND ACROSS THE GROUP’S SUBSTANTIAL MULTI-STOREY DEVELOPMENT PORTFOLIO. IH19 RESULTS AFFECTED BY NET REALISABLE VALUE (NRV) KEY OPERATIONAL HIGHLIGHTS FOR PERIOD ENDING
Slide 8: Portfolio Under Construction, Completed & Coming Soon
Portfolio Under Construction, Completed & Coming Soon UNDER CONSTRUCTION & COMPLETED FUTURE RELEASES TOWNSVILLE BAYSIDE urban development BRISBANE HYDE RESIDENCES residential housing G R AC E O N CO R O N AT I O N residential apartments GOLD COAST THE LANES RESIDENCES AND THE LANES residential apart
Slide 9: Financial & Operational Review
FINANCIAL & OPERATIONAL REVIEW
Slide 10: Financial Performance
Financial Performance PORTFOLIO KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 31 DECEMBER 2018 ›› Projects are strategically focused on the owner-occupier market, with a particular $M I H 19 1 H 18 % CHANGE focus on downsizers, first home buyers, and subsequent home buyers. TOTA L R E V E N U E 206.0 2
Slide 11: Operational Review—Projects Under Construction
Operational Review—Projects Under Construction URBAN DEVELOPMENT $93 M PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 31 DECEMBER 2018) 13% UNSETTLED CONTRACTED % CONTRACTED LOTS LOTS LOTS # $M # $M # $M R E S I D E N T I A L A PA R T M E N T S 357 440 79 123 22% 28% RESIDENTIAL VA L U E O F U N S E
Slide 12: Operational Review—Total Development Portfolio
Operational Review—Total Development Portfolio URBAN DEVELOPMENT TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT $261 M (AS AT 31 DECEMBER 2018) 9% TO BE UNDER T O TA L D E V E L O P M E N T P O R T F O L I O RELEASED CONSTRUCTION # ($M) # $M # $M RESIDENTIAL 24% HOUSING VA L U E O F T O TA L $720 M R E S I
Slide 13: Outlook
OUTLOOK
Slide 14: Outlook
Outlook SUNLAND GROUP IS FOCUSED on delivering a stable, consistent performance during a period of adjustment and consolidation in the market cycle. This includes a strategic approach to geographic and portfolio diversification. ACCORDINGLY, SUNLAND GROUP is focused on establishing the Company for t
Slide 15: Portfolio Details
PORTFOLIO DETAILS
Slide 16: Portfolio Under Construction
Portfolio Under Construction PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS (#) ($M) (#) ($M) (#) ($M) (#) ($M) (#) ($M) R E S I D E N T I A L A PA R T M E N T S MARINA CONCOURSE, QLD 110 88 59 47 51 42 4 3 47 39 272 H E D G E S AV E N U E , Q L D 96 246 -
Slide 17: Portfolio to be Released
Portfolio to be Released PORTFOLIO TO BE RELEASED YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS (#) (M) (#) (M) (#) (M) (#) (M) (#) (M) R E S I D E N T I A L A PA R T M E N T S G R A C E O N C O R O N AT I O N, Q L D 233 295 233 295 233 295 INGLESIDE, NSW 72 61 72 61 72 61 O N E M A
Slide 18: Project Settlement Timeline
Project Settlement Timeline PORTFOLIO UNDER CONSTRUCTION F Y 19 F Y 20 F Y 21 F Y 22 & B E Y O N D R E S I D E N T I A L A PA R T M E N T S 27 2 H E D G E S AV E N U E , Q L D MARINA CONCOURSE, QLD M A G N O L I A PA R T M E N T S, Q L D RESIDENTIAL HOUSING T H E G A R D E N S, V I C PAV I L I O N S
Slide 19: Project Settlement Timeline
Project Settlement Timeline PORTFOLIO TO BE RELEASED F Y 19 F Y 20 F Y 21 F Y 22 & B E Y O N D R E S I D E N T I A L A PA R T M E N T S MARINER'S COVE, QLD G R A C E O N C O R O N AT I O N, Q L D 1 80 M A R I N E PA R A D E , Q L D G R E E N M O U N T R E S I D E N C E S, Q L D T H E L A N E S R E S
Slide 20: Sunland Group
Sunland Group