Sinyi Realty Inc. · TWSE:9940

Sinyi Realty — Q3 2022 Earnings Presentation

18 slides from Sinyi Realty's earnings presentation, Nov 11, 2022

  1. Slide 1: Sinyi Realty Inc. 2022Q3 Earning Release Conference

    Sinyi Realty Inc. (9940) 2022Q3 Earning Release Conference Speaker： Chen, Chih-Huan, CFO Tseng, Chin-Der, Researcher Nov 11, 2022 © 2022 Sinyi Realty Inc.

  2. Slide 2: Agenda

    1 2022 Q3 Financial Highlight 2 Business Overview Agenda 3 Future Outlook of Housing Market 4 Q&A © 2022 Sinyi Realty Inc. 1

  3. Slide 3: Disclaimer

    Disclaimer The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Sinyi Realty Inc. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statemen

  4. Slide 4: 2022Q3 Consolidated Comprehensive Income

    2022Q3 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2022Q3 2021Q3 YoY 2022Q1-Q3 2021Q1-Q3 YoY Sales Revenue 311,836 1,616,575 (81%) 1,283,488 2,742,080 (53%) Service Revenue 2,663,059 3,752,595 (29%) 8,755,419 10,349,747 (15%) Net sales 2,974,895 5,369,170 (45%) 10,038,907 13,091,

  5. Slide 5: 2022Q3 Consolidated Comprehensive Income

    2022Q3 Consolidated Comprehensive Income in NT$ thousands 2022Q3 2021Q3 YoY 2022Q1-Q3 2021Q1-Q3 YoY Net income 199,060 730,065 (73%) 1,000,326 1,689,982 (41%) Other comprehensive income Items that will not be reclassified subsequently to profit or loss Unrealized gain (loss) on investments in equity

  6. Slide 6: Sales Revenue by Segments

    Sales Revenue by Segments 2022Q3 2021Q3 China (development China (real estate agent China (real estate agent subsidiaries) subsidiaries) subsidiaries) 11% 2% China (development 1% subsidiaries) Domestic non- Sinyi Realty Inc. 30% Sinyi Realty Inc. development subsidiaries 3% Japan Japan Japan 3% Dom

  7. Slide 7: Monthly Consolidated Revenue

    Monthly Consolidated Revenue in NT$ millions © 2022 Sinyi Realty Inc. 6

  8. Slide 8: Monthly Non-development Consolidated Revenue

    Monthly Non-development Consolidated Revenue in NT$ millions 1,600 1,496 1,400 1,349 1,312 1,355 1,310 1,480 1,229 1,261 1,212 1,229 1,200 1,228 1,112 1,175 1,050 1,052 1,144 1,115 1,124 1,176 1,000 1,054 883 969 989 767 774 842 800 862 855 853 729 750 600 734 594 400 200 0 Jan Feb Mar Apr May Jun J

  9. Slide 9: 2022.09.30 Consolidated Balance Sheets

    2022.09.30 Consolidated Balance Sheets in NT$ thousands Year 2022.09.30 2021.12.31 2021.09.30 Account Amount % Amount % Amount % Cash & Cash equivalents 8,964,454 28% 9,546,619 29% 8,826,406 26% Financial assets at fair value through P&L 37,325 - 47,588 - 40,172 - Financial assets at fair value thro

  10. Slide 10: 2022.09.30 Consolidated Balance Sheets

    2022.09.30 Consolidated Balance Sheets in NT$ thousands Year 2022.09.30 2021.12.31 2021.09.30 Account Amount % Amount % Amount % Contract liabilities - current 1,434,453 4% 1,723,403 5% 2,453,571 7% Trade payables & Notes payables 583,940 2% 811,840 2% 735,229 2% Other payables 2,710,101 8% 3,774,97

  11. Slide 11: 2022.09.30 Consolidated Balance Sheets

    2022.09.30 Consolidated Balance Sheets in NT$ thousands Year 2022.09.30 2021.12.31 2021.09.30 Account Amount % Amount % Amount % Ordinary shares 7,368,465 23% 7,368,465 22% 7,368,465 22% Capital surplus 63,896 - 63,896 - 63,896 - Retained earnings Legal reserve 2,762,813 8% 2,518,043 8% 2,518,043 8%

  12. Slide 12: 2022Q1~Q3 Consolidated Cash Flows

    2022Q1~Q3 Consolidated Cash Flows in NT$ thousands 2022Q1-Q3 2021Q1-Q3 YoY Beginning Balance 9,546,619 6,383,520 3,163,099 Net cash (used in) generated from (1,763,976) 4,378,997 (6,142,973) operating activities Net cash generated from (used in) 83,721 (74,099) 157,820 investing activities Net cash

  13. Slide 13: Inventory as of 2022.09.30

    Inventory as of 2022.09.30 in NT$ thousands 2022.09.30 2021.12.31 2021.09.30 Property under development Banqiao District, New Taipei City 3,963,545 3,534,406 3,386,895 Xinzhuang District, New Taipei City 1,074,130 - - Property to be developed Banqiao District, New Taipei City 490 490 490 (for transf

  14. Slide 14: Development Projects of Sinyi's Subsidiaries

    Development Projects of Sinyi’s Subsidiaries Accumulated Total 2022Q3 (As of Sept. 30, 2022) Project Available Units Delivered Revenue Delivered Revenue Rate of sale Units Recognized Units Recognized Jia-Ho 144 100% - - - - Jia-Pin 114 100% - - - - Sanshui Jiating TWD TWD 608 66% 353 20 (Wuxi) 5.324

  15. Slide 15: Physical Stores in Taiwan

    Physical Stores in Taiwan 2022.10 2021.10 Area Diff. No. % No. % Greater Taipei Area 285 58% 283 59% 1 Taoyuan & Hsinchu 66 13% 66 14% - Taichung 81 16% 74 15% 7 Tainan & Kaohsiung 64 13% 59 12% 5 Total 496 100% 482 100% 13 © 2022 Sinyi Realty Inc. 14

  16. Slide 16: Future Outlook of Housing Market

    Future Outlook of Housing Market  The new residential sales show signs of cooling, accompanying with the sitting-tight attitude from the potential house buyers.  A down housing market can be a precursor to a recession in recent 6 years.  The pent-up demand for 6 months is expected to gradually re

  17. Slide 17: Q&A

    Q&A © 2022 Sinyi Realty Inc. 16

  18. Slide 18: Investor Relations

    Investor Relations © 2022 Sinyi Realty Inc. 17

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