New World Development Co. Ltd. · HKEX:17
New World Development — H1 FY2013 Earnings Presentation
13 slides from New World Development's earnings presentation, Feb 27, 2013
Slide 1: FY2013 interim results announcement
FY2013 interim results announcement 27 February 2013
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE This presentation and the accompanying slides (the “Presentation”) which have been prepared by New World Development Company Limited (the “Company”) have been prepared and furnished solely for information purposes and do not constitute an offer, recommendation or invitati
Slide 3: Agenda
Agenda 1 Corporate structure 2 Financial highlights 3 Hong Kong property development 4 Hong Kong property investment 5 Hotel operations 2
Slide 4: Corporate structure
Corporate structure HK stock code: 17 Hong Kong Property Development and Investment NWS (HK stock code: 659) NWCL (HK stock code: 917) NWDS (HK stock code: 825) Infrastructure & Service Mainland Property Mainland Department Store 61.0% 69.8% 72.3% As at 31 December 2012 3
Slide 5: Financial highlights
Financial highlights (HK$ million) 1HFY2013 1HFY2012 Change Revenues 24,455.0 19,103.1 ↑ 28.0% Total segment results 9,126.2 7,159.8 ↑ 27.5% Other gains, net 688.2 1,584.7 ↓ 56.6% Changes in fair value of investment properties 5,650.7 1,852.3 ↑ 205.1% Profit attributable to shareholders 9,985.9 5,22
Slide 6: Financial highlights: segment results
Financial highlights Segment results (HK$ million) 1HFY2013 1HFY2012 Change Property development 4,215.9 3,262.5 ↑ 29.2% Property investment 1,716.5 924.0 ↑ 85.8% Service 881.8 932.2 ↓ 5.4% Infrastructure 1,301.9 1,292.1 ↑ 0.8% Hotel operations 336.4 327.2 ↑ 2.8% Department stores 361.1 369.3 ↓ 2.2%
Slide 7: Hong Kong property sales
Hong Kong property sales Contracted sales, as at 24 Feb 2013 Launch No of units sold No of units sold No of units sold Total units Total units Key projects date (1 Jan 12 – 30 Jun 12) (1 Jul 12 – 31 Dec 12) (1 Jan 13 – 24 Feb 13) sold unsold The Masterpiece Aug 09 13 6 ‐ 19 28 The Signature Mar 12 6
Slide 8: Hong Kong property launches
Hong Kong property launches Key launches in 2013 Location NWD % Total GFA Total units Attri GFA Attri units Land source A. Presale consent application submitted Park Signature ‐ Lung Tin Tsuen project Yuen Long 100% 1,055,407 1,620 1,055,407 1,620 Agricultural Austin Station project Site C (JV proje
Slide 9: Landbank replenishment in Hong Kong
Landbank replenishment in Hong Kong 2 new projects were acquired by public tenders Mong Kok Sai Yee Street project – September 2012 NWD interest: 100% in residential/ 50% in commercial Source: URA tender GFA breakdown Attri. GFA (sq ft) Residential 186,712 Commercial 26,673 Total 213,385 Tsuen Wan
Slide 10: Hong Kong landbank (ready land and agricultural)
Hong Kong landbank (ready land and agricultural) Hong Kong ready landbank as at Feb 2013 Hong Kong farmland Location attri. GFA (sq ft) % Location Attri land area (sq ft) % HK Island 690,269 7% Yuen Long 12,913,500 69% ‐ North Point 229,320 Fanling 2,386,000 13% ‐ Tin Hau 337,064 Sha Tin/ Tai Po 2,1
Slide 11: Hong Kong property investment
Hong Kong property investment Projects Atti GFA Avg occupancy New World Tower, Central ‐ Office 562,187 97% New World Tower, Central ‐ Retail 77,948 100% Manning House, Central ‐ Office 46,657 97% Manning House, Central ‐ Retail 63,383 100% Pearl City, Causeway Bay 46,158 100% K11, Tsim Sha Tsui 264
Slide 12: Hotel operations
Hotel operations HK hotels – satisfactory performance in ARR and average occupancy Total 15 hotels with 6,976 rooms in HK, Mainland China and Southeast Asia Key hotels performance (Jul ‐ Dec 2012) Projects ARR (HK$) Avg occupancy Grand Hyatt Hong Kong 3,317 75.8% Renaissance Harbour View Hotel 2
Slide 13: One Step Forward
One Step Forward We create new living experience 12
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