Yanlord Land Group Limited · SGX:Z25
Yanlord Land — FY2023 Earnings Presentation
34 slides from Yanlord Land's earnings presentation, Feb 27, 2024
Slide 1: 2H & FY 2023 Financial Results Announcement
YANLORD LAND GROUP LIMITED (Z25.SI) 仁恒置地集团有限公司 2H & FY 2023 Financial Results Announcement 27 February 2024
Slide 2: Contents
• Key Figures for FY 2023 • Key Financial Highlights • Business Operation Highlights • Property Pre-sales, Property Development, Land Acquisitions, Landbank and Contents Development Strategies • Property Investment and Hotel Operations • Property Management Services and Non- Property Businesses • ES
Slide 3: Key Figures for FY 2023
fi YANLORD Key Figures for FY 2023
Slide 4: Key Figures for FY 2023
Key Figures for FY 2023 ❑ For the financial year ended 31 December 2023 (“FY 2023”), the revenue of Yanlord Land Group Limited (“Yanlord” or “Company” and together with its subsidiaries, “Group”) was RMB43.395 billion, an increase of 51.1% compared to FY 2022 ❑ For FY 2023, income from property deve
Slide 5: Key Financial Highlights
fi YANLORD Key Financial Highlights
Slide 6: Statement of Profit or Loss
Statement of Profit or Loss (RMB million) FY 2023 FY 2022 % Change Revenue 43,395 28,712 51.1 Cost of sales (35,108) (20,960) 67.5 Gross profit 8,287 7,752 6.9 Gross profit margin (%) 19.1% 27.0% (7.9ppt) Other operating income and other gains 425 1,139 (62.7) Fair value loss on investment propertie
Slide 7: Statement of Profit or Loss (2H)
Statement of Profit or Loss (RMB million) 2H 2023 2H 2022 % Change Revenue 28,590 17,373 64.6 Cost of sales (24,462) (13,655) 79.1 Gross profit 4,128 3,719 11.0 Gross profit margin (%) 14.4% 21.4% (7.0ppt) Other operating income and other gains 219 840 (73.9) Fair value loss on investment properties
Slide 8: Revenue and Segment Analysis in FY 2023
Revenue and Segment Analysis in FY 2023 Revenue of the Group Revenue from Property Development Revenue from Property Management (RMB billion) (RMB million) (RMB million) 50 +51.1% -17.6% +25.4% 43.395 +54.3% +45.6% 50,000 1,600 40 34.833 38,138 1,253 YOY +28.1% 40,000 28.712 1,200 30 28.590 999 23.9
Slide 9: Property Sales Delivered Contribution Analysis
Property Sales Delivered Contribution Analysis A total of 1.468 million sqm delivered in 2023 Average Selling Price Gross Sales Top 10 projects recognised as revenue of the GFA City (“ASP”) Amount1 Group in 2023 (sqm)/(Unit) (RMB/sqm)/ (RMB million) (RMB/Unit) Yanlord Arcadia Shanghai 178,804 106,64
Slide 10: Property Sales Recognition Analysis
Property Sales Recognition Analysis Recognised Property Sales of the Group Distribution of Property Sales1 Recognised Property Sales1 ASP2 Recognition of the Group in FY 2023 FY 2022 vs FY 2023 FY 2022 vs FY 2023 Chengdu Haikou Sanya Tianjin Greater Bay Shenzhen 3.5% 0.2% 0.2% 1.0% Singapore Area: 2
Slide 11: Financial Position
Financial Position As at As at (RMB million) % Change 31 Dec 2023 31 Dec 2022 Total assets 154,734 189,066 (18.2) Current assets 97,957 134,386 (27.1) Non-current assets 56,777 54,680 3.8 Total liabilities 110,995 143,715 (22.8) Current liabilities 81,099 109,536 (26.0) Contract liabilities 33,384 5
Slide 12: Debt Maturity and Currency Breakdown as at 31 Dec 2023
Debt Maturity and Currency Breakdown as at 31 Dec 2023 Debt Maturity Profile as at 31 Dec 2023 Debt Maturity Profile as at 31 Dec 2023 As at (RMB million) As at 31 Dec 2023 As at 31 Dec 2022 % Change (RMB million) 1 Year >1 to<2 >2 to <5 >5 31 Dec 2023 Bank and other loans Total Amount repayable in
Slide 13: Healthy Financial Management
Healthy Financial Management Total Assets Cash and Cash Equivalents Net Gearing Ratio (%) (RMB billion) (RMB billion) -18.2% -37.2% 189.066 25 100% 200 154.734 20.696 -7.8ppt 20 80% 150 13.007 60% 54.5% 15 46.7% 100 10 40% 50 5 20% 0 0 0% 31-Dec-22 31-Dec-23 31-Dec-22 31-Dec-23 31-Dec-22 31-Dec-23 T
Slide 14: Five Years Credit Metrics
Five Years Credit Metrics Total Assets Total Equity (Including NCI) Cash and Cash Equivalents (RMB billion) (RMB billion) (RMB billion) 200 189.066 50 45.351 25 43.856 43.739 154.734 39.907 40.618 21.552 20.696 154.448 146.560 40 20 150 129.895 17.200 30 15 13.818 13.007 100 20 10 50 10 5 0 0 31-Dec
Slide 15: Business Operation Highlights
Business Operation Highlights • Property Pre-sales, Property Development, Land Acquisitions, Landbank and Development Strategies
Slide 16: Total Property Contracted Pre-sales for FY 2021 to FY 2023
Total Property Contracted Pre-sales for FY 2021 to FY 2023 Total Property Contracted Pre-sales Property Contracted Pre-sales Performance FY 2021 to FY 2023 FY 2022 vs FY 2023 (RMB billion) 2022 Quarter 2023 Quarter YoY Period 100 (RMB billion) (RMB billion) (RMB billion) (RMB billion) Change 77.713
Slide 17: Property Contracted Pre-sales of the Group with JVs and Associates
Property Contracted Pre-sales of the Group together with its Joint Ventures and Associates Property Contracted Pre-sales – ASP and GFA1 Distribution of Property Contracted Pre-sales in FY 2023 ASP FY 2021 to FY 2023 Singapore Others 2 8.1% 1.4% Suzhou 13.9% (RMB) Shenyang Nanjing 2.4% 60,000 Bohai R
Slide 18: Top Ranked Property Contracted Pre-sales Projects in FY 2023
Top Ranked Property Contracted Pre-sales Projects in FY 2023 Riverside City, Jinan Yanlord Four Seasons The Park 3, Yanlord Gardens, Haikou Riverbay Century Gardens, Nanjing Star Century, Tianjin Riverfront Mansion, Suzhou Lan Virtuoso, Suzhou 铁恒河滨园、铁恒河滨府，济南 Shenzhen 仁恒滨江园，海口 江湾世纪花园，南京 恒美雅苑，天津 河滨雅园，
Slide 19: Accumulated Property Contracted Pre-sales Pending Recognition
Accumulated Property Contracted Pre-sales Pending Recognition of the Group together with its Joint Ventures and Associates Accumulated Property Contracted Pre-sales Pending Recognition Accumulated Property Pre-sold GFA Pending Recognition (RMB billion) (GFA million sqm) -32.9% 120 -23.1% 101.596 3.0
Slide 20: New Projects to be launched in 1H 2024
New Projects and New Batches of Existing Projects to be launched in 1H 2024 in PRC Yangtze River Delta Bohai Rim Greater Bay Area Suhe Century, Shanghai Yanlord PRELAND (Phase 1), Suzhou Star Century, Tianjin Yanlord The Great Bay (Phase 1 晋元华庭，上海 仁恒‧叙澜庭，一期，苏州 恒美雅苑，天津 and 2), Zhuhai Yanlord Phoenix
Slide 21: New Start and New Land Acquisitions in 2023
New Start and New Land Acquisitions in 2023 In FY 2023, the Group together with its joint ventures and associates have commenced 14 new developments, with a total GFA of approximately 1,469,000 sqm. Hillock Green, Singapore SUNLAND, Nantong STARRY BAY, Suzhou 悦翠轩，新加坡 溪棠雅园，南通 滨湖湾，苏州 City Project Name
Slide 22: Development Strategies
Development Strategies Growth of business across high-growth cities in the PRC and Singapore • Have presence in 20 cities in the PRC and Singapore with a total GFA of 8.197 million sqm • Expand into new cities within the 6 major economic regions of the PRC Completed projects1 (1.900 million sqm2) Pr
Slide 23: Development Strategies - Diversified Geographic Coverage
Development Strategies - Diversified Geographic Coverage Landbank distribution Landbank distribution PRC Tier 1, 2, 3 and Singapore PRC Six Regions and Singapore as at 31 December 2023 as at 31 December 2023 Singapore 2.4% Western China Singapore PRC Tier 3 3.3% Central China 2.2% 2.5% 8.2% Hainan 8
Slide 24: Property Investment and Hotel Operations
Business Operation Highlights • Property Investment and Hotel Operations
Slide 25: Singapore Portfolio
Singapore Portfolio The Seletar Mall, Singapore 利达广场，新加坡 Park Avenue Clemenceau and UE BizHub CITY, Singapore Park Avenue Robertson, Singapore UE广场和柏薇（克列孟梭）服务公寓，新加坡 UE BizHub WEST, Singapore 柏薇（罗伯逊）服务公寓，新加坡 UE BizHub TOWER, Singapore Rochester Mall and Park Avenue Rochester, Singapore WBL Building,
Slide 26: Investment Property Portfolio in the PRC
Investment Property Portfolio in the PRC Yanlord Landmark, Chengdu Yanlord Landmark, Nanjing Yanlord Marina Centre, Orchard Summer Palace, Shenyang 仁恒置地广场，成都 仁恒置地广场，南京 Zhuhai 夏宫城市广场, 沈阳 ▪ Office & Retail ▪ Office , Retail & Serviced Apartment 仁恒滨海中心，珠海 ▪ Retail Mall ▪ Total GFA: 114,853 sqm ▪ Total
Slide 27: Grand-opening of Shenzhen Reverie Plaza
Grand-opening of Shenzhen Reverie Plaza Yanlord Reverie Plaza, Shenzhen 仁恒梦创广场, 深圳 ▪ Office & Retail ▪ Total GFA: 178,708 sqm 27
Slide 28: Soft-opening of Suzhou Cangjie Commercial Plaza
Soft-opening of Suzhou Cangjie Commercial Plaza in September 2023 Cangjie Commercial Plaza, Suzhou 仓街商业广场, 苏州 ▪ Retail ▪ Total GFA: 78,007 sqm 28
Slide 29: Hospitality Property Portfolio in the PRC
Hospitality Property Portfolio in the PRC Grand ParcVue Hotel Residence, InterContinental Zhuhai Crowne Plaza Sanya Haitang Bay Resort Yanlord Viale Hotel, Tianjin Chengdu 珠海仁恒洲际酒店 三亚海棠湾仁恒皇冠假日度假酒店 天津仁恒微乐酒店 成都仁恒格蓝柏薇酒店公寓 ▪ No. of rooms: 324 ▪ No. of rooms: 404 ▪ No. of rooms: 94 ▪ Serviced Apartment (
Slide 30: Property Management Services and Non-Property Businesses
Business Operation Highlights • Property Management Services • Non-Property Businesses ESG Highlights & Achievements
Slide 31: Property Management Services and Non-Property Businesses
Property Management Services and Non-Property Businesses (including Engineering, Distribution and Manufacturing in Singapore, Australia and United Kingdom) Property Management （Including self owned and out resourced projects） As at 31 Dec 2023 • Total contracted projects: 137 projects under manageme
Slide 32: ESG Highlights & Achievements
ESG Highlights & Achievements Yanlord’s MSCI ESG rating was upgraded for the 4th consecutive year. In August 2023, the rating was upgraded to A. In 2023, Yanlord was awarded the Singapore Corporate Sustainability Award in the Big Cap category in Singapore's Investor Choice. 32
Slide 33: Disclaimer
Disclaimer Some of the information contained in this presentation has been prepared based on information derived from public sources or third parties which has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the
Slide 34: Thank You
Thank You YANLORD LAND GROUP LIMITED 仁恒置地集团有限公司