S-enjoy Service Group Co., Ltd. · HKEX:1755
S-enjoy Service — FY2019 Earnings Presentation
24 slides from S-enjoy Service's earnings presentation, 2020
Slide 1: 2019 Annual Result Announcement
2019 Annual Result Announcement 2019 年全年业绩推介 S-Enjoy Service Group Co., Limited（1755.HK）
Slide 2: Implementing strategic initiative of "one core and two increments"
Implementing strategic initiative of “one core and two increments” to achieve the corporate vision of “achieving excellence for a happy community” 基础物业 Property Management Value-added Services 增量拓展 Third-party Services Building up customer-oriented service system which is a Expansion Building up var
Slide 3: 目 录
目 录 1 2 3 Investment Highlights Business Analysis Management and Financial Performance S-Enjoy Service Group Co., Limited（1755.HK） 3
Slide 4: GFA under management has entered into a period of explosive growth
1.1GFA under management has entered into a period of explosive growth, VAS lead to growth in both revenue and profits, also continuously high payout ratio 60,152 Thousand sq.m. GFA under management 42,887 17,265 40.3% At the end of 2018 Net increase in 2019 Contracted GFA 112,199 40,578 36.2% 152,77
Slide 5: Phenomenal growth of VAS revenue, especially community VAS and smart community
1.2Phenomenonal growth of VAS revenue, especially for community VAS and smart community services Rev of community VAS 267.7% Rev of smart community services 263.1% Self-operated business Parking space sales Parking Ready-to- Public Resources Smart home move-in Engineering Management facilities servi
Slide 6: Abundant cash inflows and sufficient cash equivalents
1.3Abundant cash inflows and sufficient cash equivalents Contract liability1： 390M RMB Disposable cash2： 1.5B RMB Operating cash inflows： 545M RMB Dividend per share： 0.18 RMB Operating cash as a percentage of net 180.4% profit ： Notes 1.Contract liability mainly represent customer advances for prop
Slide 7: 目 录
目 录 1 2 3 Investment Highlights Business Analysis Management and Financial Performance S-Enjoy Service Group Co., Limited（1755.HK） 7
Slide 8: Revenue and gross profit by segments
Revenue and gross profit by segments 2019 17.4% Gross Profit and Gross Profit Margin Million RMB 29.6% 29.4% 800 28.2% 30.0% 28.0% 8.7% 41.9% 600 28.0% Revenue 400 25.1% 26.0% Gross Profit 599.9 200 345.0 24.0% 100.4 161.9 242.2 Gross Profit Margin(Right) 32.0% 0 22.0% 2015 2016 2017 2018 2019 Prope
Slide 9: Gross profit margin of property mgt services steadily increased
Gross profit margin of property mgt services steadily increased due to a record high proportion of GFA from new projects GFA under management increased by 40.3% yoy, contracted GFA Revenue of property mgt services increased by 16.0% yoy increased by 36.2% yoy Million sq.m. Million RMB 200 2.62 2.54
Slide 10: ASP increases significantly and collection rate maintained stable
ASP increases significantly and collection rate maintained stable ASP of GFA under management 2.4 ASP of new projects handed over per sq.m. 2.20 from Seazen Group in 2019 per month 2.17 Seazen Group(including 2018 expenses for special use only) 2019 Collection rate After the year accumulated collect
Slide 11: Multi-channel and various targeting industry strategy for third-party expansion
Multi-channel and various targeting industry strategy creates more opportunities for third- party expansion Contracted GFA contributed by third-pary that engaged during the 6.2 million sq.m. handed over from third-parties, 84.7% of which are year is 10.1 million sq.m. from new-delivery projects Mill
Slide 12: Seazen Group's national layout and third-party expansion regions
Seazen Group’s national layout and our strategic third-party expansion regions make the projects 'regional distribution more balanced 2019 2018 Regions Percentage in Percentage in property Percentage in GFA Percentage in GFA contracted GFA mgt services revenue under management under management Yangt
Slide 13: Community-related VAS enhanced by strong marketing capability
Community-related VAS enhanced by strong marketing capability Revenue of community-related VAS increased to 176.1 million RMB, Gross profit community-related VAS increased by 189.4% yoy by 267.7% yoy Million RMB Million RMB 200 176.1 100.0% 89.4% 87.5% 85.0% 120 81.7% 80.0% 64.3% 100 150 60.0% 80 Gr
Slide 14: Service matrix for community-related VAS
Service matrix for community-related VAS Assets management Decoration services Parking space Ready-to- Smart home Storage sales move-in Partial Agency Chengxiangjia Xinchengju reconstruction Renovation Fresh foodstuff Indoor services Xinchengshe Xinyuehui Charging Community Community Advertising Hea
Slide 15: Provision of multiple smart community solutions
Provision of multiple smart community solutions for residential and commercial projects Revenue of smart community services increased to 351.2 million Gross profit of smart community services increased by 139.5% yoy RMB, by 263.1% yoy Gross profit(Right) Million RMB Gross profit margin Million RMB 4
Slide 16: Revenue for developer-related VAS increased
Revenue for developer-related VAS increased due to the increasing demand of property developers Revenue of developer-related VAS increased to 647.7 million RMB, Gross profit of developer-related VAS increased by 138.3% by 118.3% yoy Million RMB Million RMB 26.7% 27.9% 800 30.0% 25.4% 25.5% 200 647.7
Slide 17: 目 录
目 录 1 2 3 Investment Highlights Business Analysis Management and Financial Performance S-Enjoy Service Group Co., Limited（1755.HK） 17
Slide 18: Multiple initiatives to optimize the incentive system
Multiple initiatives to optimize the incentive system from front-line staff to management Shares options and Other incentive schemes Projects partners share award scheme for regional branches 16,000,000 share options For front-line staff Satisfaction rate with exercise price Profit is a base
Slide 19: Optimize the ageing structure to ensure the health of the financial model
Optimize the ageing structure to ensure the health of the financial model Although However Ageing structure optimized The increase of trade receivables Ageing analysis of trade receivables 2018 2019 Million RMB 262.8 Within 1 year 65.5% 81.2% 1 to 2 years 13.9% 8.6% 2 to 3 years 8.2% 4.0% The propor
Slide 20: Incubation of marketing capability for community-related VAS
Well succeed in the incubation of marketing capability for community-related VAS “Venn Diagram for community-related VAS” what we have done in 2019 Demand of property Enhanced by marketing Easy to get involved From owners To capability Property management Marketing Lack of places for company comes
Slide 21: Excellent financial performance
Excellent financial performance Total expenses as a percentage of revenue Operating profit margin Total expenses = selling and marketing expenses + administrative expenses 17.7% 18.5% 20.0% 15.4% 16.7% 15.9% 20.0% 13.2% 12.1% 15.0% 11.5% 12.3% 10.2% 10.0% 10.0% 5.0% 0.0% 0.0% 2015 2016 2017 2018 201
Slide 22: Excellent financial performance (Cont'd)
Excellent financial performance（Cont’d） Operating cash inflow Operating cash as a percentage of net profit Million RMB 600 544.7 397.0% 500 350.0% 400 250.0% 300 198.3 216.1% 185.6 180.0% 180.4% 200 91.5 93.9 150.0% 100 112.4% 0 50.0% 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Contract liabil
Slide 23: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of S-Enjoy Service Group Limited (the “Company”) and factors beyond the Company's control and are subject to significant risks and uncert
Slide 24: 新城悦服务集团有限公司（1755.HK）
卓悦成就幸福社区 新城悦服务集团有限公司（1755.HK） S-Enjoy Service Group Co., Limited