China Vanke Co., Ltd Class A · SZSE:000002
China Vanke Co., Ltd Class A — H1 2022 Earnings Presentation
42 slides from China Vanke Co., Ltd Class A's earnings presentation, August 2022
Slide 1: China Vanke 2022 Interim Results Announcement
CHINA VANKE CO.,LTD. (000002.SZ, 2202.HK) 2022 INTERIM RESULTS ANNOUNCEMENT August 2022 www.vanke.com
Slide 2: Contents
Contents 1. Results Overview 2. Financial Overview 3. Business Overview 4. Future Prospects 5. Appendix
Slide 3: 1. Results Overview
3 1. Results Over view
Slide 4: 2022 Interim Results Overview
2022 Interim Results Overview 4 • Revenue reached RMB 206.92 billion, a YoY growth of 23.8%. Net profit attributable to equity • Net profit attributable to equity shareholders of the Company amounted to RMB12.22 billion, a shareholders increased by 10.6% YoY YoY increase of 10.6%. • The “three red l
Slide 5: 2. Financial Overview
5 2. Financial Over view
Slide 6: Summary Of Key Accounting Data And Financial Indicators
Summary Of Key Accounting Data And Financial Indicators 6 损益情况 Profit and Loss 单位 Account Unit 20222021年 H1 2021 H1 20200年 Change 变动 Revenue RMB hundred million 2,069.2 1,671.1 23.8% Gross profit margin (before tax) % 20.5 22.9 -2.5pct Operating profit margin (after tax) % 16.4 18.2 -1.8pct Net prof
Slide 7: Industry-leading Credit Rating With A Net Operating Cash Inflow
The Group Maintained An Industry-leading Credit Rating With A Net 7 Operating Cash Inflow ◆ The Group maintained an industry-leading credit rating. The “three red lines” indicators were still in the “green category”. The Group has maintained industry-leading credit ratings. ◆ The Group maintained a
Slide 8: Interest-bearing Liabilities Increased Slightly And Financing Structure Improved
Interest-bearing Liabilities Increased Slightly And Financing Structure 8 Improved 8 ◆ The scale of interest-bearing liabilities increased slightly. The interest-bearing liabilities amounted to RMB 280.23 billion in total, up by 5.4% from the end of 2021. ◆ The structure of interest-bearing liabilit
Slide 9: Diversified Financing Channel And Low-level Financing Cost
Maintaining A Diversified Financing Channel And Low-level Financing 9 Cost In The Industry ◆ Rational utility of debt financing tools. The Group continued to optimize its debt structure and replaced the existing financing through financing instruments including corporate bonds and medium-term notes.
Slide 10: 3. Business Overview
3. Business Over view
Slide 11: Property Development: Sales Amount Reached RMB 215.29 Billion
Property Development Business: Sales Amount Reached RMB 11 11 215.29 Billion ◆ In 2022 H1, the Group reached a sales amount of RMB 215.29 billion, a YoY decrease of 39.3%. ◆ The GFA of newly started projects was approximately 10.688 million square meters, a YoY decrease of 38.9%, completing 55.7% of
Slide 12: Property Development: Booked Area And Revenue Increased
Property Development Business: Booked Area And Revenue Increased 12 ◆ The Group realized a booked area from property development business of 13.102 million square meters (+17.5% YoY), and a booked revenue of RMB 178.88 billion (+23.9% YoY). ◆ The average settlement price of the property development
Slide 13: Property Development: Adopt Strict Investment Standards
Property Development Business: Adopt Strict Investment Standards 13 13 To Guarantee Quality Top 10 cities in the scope of newly added land reserve in 2022H1 ◆ Carefully selecting the best projects which have stable Land acquisition Planned estimated regional markets and high profitability City GFA(1
Slide 14: Property Development: Strengthen Projects Management
Property Development Business: Strengthen Projects Management14By 14 Classification And Categorization And Stabilize Project Output ◆ Improve product line building and align product standards • An array of representative projects in key cities have been included in research on residential product it
Slide 15: Property Development: Synchronous Delivery of Property And Ownership Certificate
Property Development Business: First To Create Synchronous Delivery 15 of Property And Handling of Property Ownership Certificate, Deliver Full-cycle Services, And Build Beautiful Communities Together ◆ Continued “Site Opening” events. Property owners were invited to participate in construction qual
Slide 16: Rental Housing: Nearly 210,000 Long-term Rental Apartments Under Management
Rental Housing：Nearly 210,000 Long-term Rental Apartments 16 16 Under Management, The Best Choice In The Era Of Renting And Purchasing ◆ Industry-leading performance Units under management and units unveiled (10 thousand units) • Revenue of rental housing reached RMB 1.48 billion, with 12.3% YoY gro
Slide 17: Rental Housing: Deepen Connection With Corporate Customers
Rental Housing: Serve Hard-working Residents With Heart And 17 17 Continue To Deepen The Connection With Corporate Customers ◆ Strengthened the sales and service capabilities for B-end customers and implemented the account manager system for corporate customers. ◆ Acquired 160 new corporate customer
Slide 18: Rental Housing: Join Subsidized Housing Programs
Rental Housing: Follow National Policies And Actively Join Subsidized 18 18 Housing Programs ◆ In response to the national policy on subsidized rental housing, the Company played an active role in the construction and 规模领先领跑 6类合作模式 operation of local subsidized rental housing programs by joining han
Slide 19: Onewo: Revenue Reached RMB 14.35 Billion
Onewo: Revenue Reached RMB 14.35 Billion 19 19 Revenue（RMB 100 million） ◆ Solid revenue growth • Onewo achieved RMB 14.35 billion in revenue, representing a YoY increase of 143.5 38.2%, of which RMB 8.08 billion was generated from community space living consumption services, representing a YOY incre
Slide 20: Onewo: Butterfly City Strategy
Onewo：Cultivates Deeply The Existing Market, Consolidates 20 20 Residential Consumption Basis And Launches“Butterfly City”Strategy ◆ “Butterfly City” is the core strategy of Onewo for the ◆ Core and pilot cases of “Butterfly City” next decade Skynet Butterfly City：building up new service cycle with
Slide 21: Onewo: Serving High-potential Industries And Diversified Customers
Onewo: Building Influential Brand By Serving More High-potential21 21 Industries And Diversified Customers ◆ In 2022H1, despite the complicated and challenging external environment, Cushman & Wakefield Vanke Service continued the business expansion against the trend with 200+ new projects. The clien
Slide 22: Onewo: Urban Space Operation And Efficiency Enhancement
Onewo: Urban Space Operation And Efficiency Enhancement 22 22 ◆ All-encompassing intelligent operation: stable quality and ◆ Explore long-term efficient operation practice on enhanced efficiency neighborhood management for old communities • Integrates multiple systems, such as Baichuan, RM, command
Slide 23: Logistics & Warehousing: Rapid Growth Of Cold Chain Business
Logistics & Warehousing: Rapid Growth Of Cold Chain Business, And 23 23 Won Customers Praises Through Operation Service ◆ Industry-leading in scale and operational efficiency • Revenue reached RMB1.86 billion with 39.1% YoY growth. The revenue of cold chain business totaled RMB 820 million, a YoY in
Slide 24: Logistics And Warehousing: Win Over Customers With Quality Service
Logistics And Warehousing: Win Over Customers And Increase 24 24 Cooperation Share With Quality Service ◆ Ensure quality and safety, build reputation with service • Yum China - VX is recognized for its quality and safety control and professional operation ability. VX tops Yum’s supplier system in te
Slide 25: Retail Property Development And Operations
Retail Property Development And Operations: Focused On Value 25 25 Enhancement And Strengthened Competitive Advantages In The Yangtze River Delta Region The Group’s revenue from retail property business ◆ Robust growth of business （RMB 100 million) 40.1 • Revenue of the retail property segment was R
Slide 26: Case: Differentiated Products And Services, Tap Into Local Culture
Case: Differentiated Products And Services, Tap Into Local Culture 26 26 And Consumer Characteristics Shanghai Caohejing Incity Hangzhou Olympic Sports Center Impression City GFA: 56,000 ㎡, a young and trendy hub with a small size but a big buzz GRA over 240,000㎡, a shopping mall with the strongest
Slide 27: Fulfil Social Responsibility During The Pandemic (1/2)
Fulfil Social Responsibility During The Pandemic (1/2) 27 27 ◆ Onewo Shenzhen: rallied 800 warriors to join the anti-pandemic fight in Shatou • From February 15, 2022, Onewo’s CITY UP, as the provider of urban operation service for Shenzhen Shatou Street, gave full play to the role of "horizontal co
Slide 28: Fulfil Social Responsibility During The Pandemic (2/2)
Fulfil Social Responsibility During The Pandemic (2/2) 28 28 • VX logistics: mobilized a broad variety of resources to support the pandemic prevention effort. The flexible supply chain solution steers away from disruptions to the logistics network. Over 700 employees stationed in the park to ensure
Slide 29: ESG: Industry-leading Green Building Practice
ESG：Industrial-leading Green Building Practice, Pursuing 29 29 Sustainable Development ◆ As of June 30, 2022, the accumulated GFA of Vanke's properties that meet the green building standards exceeded 297 million square meters. ◆ Logistics and warehousing：6 projects awarded with LEED Platinum certifi
Slide 30: ESG: Keep Improving ESG Management
ESG: Keep Improving ESG Management And Receive Wide Recognition 30 30 ◆ Keep improving ESG Management Industry-leading ESG ratings • Took the initiative and set up multi-dimensional sustainability goals. The Company has put forward about 50 sustainable development goals, covering emission reduction,
Slide 31: ESG: Poverty Alleviation And Rural Revitalization
ESG：Consolidating And Expanding Proverty Alleviation And Rural31 31 Revitalization ◆ Social responsibility • In Shantou City, Guangdong Province, we are organizing donations to more than 8 public kindergartens in the center of towns to solve the problem of insufficient local • In July 2022, the Comp
Slide 32: 4. Future Prospects
4. Future Prospect
Slide 33: Business Strategies In 2022H2
Business Strategies In 2022H2 33 33 In 2022H2, the Group will continue to focus on “rebound to stable, then the enhancement”, in accordance with the plan at the beginning of the year: • Firstly, we will maintain a healthy financial position through stable operation, continue to strengthen its cash f
Slide 34: Business Strategies In 2022H2
Business Strategies In 2022H2 34 34 Property development: • Promote sales, pay close attention to local competition landscape and the rapid changes in the market. Adopt proactive sales strategy, allocate marketing resources in precise approach and to settle down the commission payment on time ; peop
Slide 35: Business Strategies In 2022H2
Business Strategies In 2022H2 35 35 Onewo: • The residential property business will continue to improve its world-class service to uncover opportunities in the existing market and lay the foundation for long-term competitiveness by focusing on regional network and the consumption needs of residents.
Slide 36: 5. Appendix
5.Appendix
Slide 37: Condensed Consolidated Statement Of Profit Or Loss
Appendix: Condensed Consolidated Statement Of Profit Or Loss 37 37 For the period ended 30 June 2022 Jan – Jun Jan – Jun 20222021 RMB’000 RMB’000 2020 RMB’000 2021 RMB’000 Revenue 206,916,289 167,110,935 Cost of revenue (164,586,222) (128,782,060) Gross profit 42,330,067 38,328,875 Other net income
Slide 38: Condensed Consolidated Statement Of Profit Or Loss And Other Comprehensive Income
Appendix: Condensed Consolidated Statement Of Profit Or Loss And 38 38 Other Comprehensive Income For the period ended 30 June 2022 Jan – Jun Jan – Jun 2021 RMB’000 2022 RMB’000 2020 RMB’000 2021 RMB’000 Profit for the year 18,102,741 16,173,519 Other comprehensive income for the year (after tax and
Slide 39: Condensed Consolidated Statement Of Financial Position
Appendix: Condensed Consolidated Statement Of Financial Position 39 39 As at 30 June 2022 30 June 2022 31 December 2021 RMB’000 RMB’000 Non-current assets Property, plant and equipment 2021 RMB’000 34,486,192 2020 RMB’000 32,631,565 Investment properties 109,815,788 108,521,492 Intangible assets and
Slide 40: Condensed Consolidated Statement Of Financial Position
Appendix: Condensed Consolidated Statement Of Financial Position 40 40 As at 30 June 2022 30 June 2022 31 December 2021 RMB’000 RMB’000 Non-current liabilities 2021 RMB’000 2020 RMB’000 Bank loans and borrowings from financial institutions 167,602,250 154,322,279 Bonds payables 49,980,542 53,020,572
Slide 41: Condensed Consolidated Cash Flow Statement
Appendix: Condensed Consolidated Cash Flow Statement 41 41 For the period ended 30 June 2022 Jan – Jun Jan – Jun 2022 RMB’000 2021 RMB’000 Operating activities 2021 RMB’000 2020 RMB’000 Cash generated from operations 31,430,141 34,283,730 Income Tax paid (23,142,120) (27,502,169) Net cash generated
Slide 42: Thanks
THANKS！ IMPORTANT NOTICE： The content of this material is extracted from Vanke's 2022 Interim Report. If there is any discrepancy, please refer to the interim report Vanke Vanke IR E-house Weekly Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen www.vanke.com 0755-25606666 IR@v