Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Shareholder Meeting (May 2012)
23 slides from Yoma Strategic's shareholder meeting presentation, May 25, 2012
Slide 1: Yoma Strategic Holdings Shareholders Presentation for EGM
Yoma Strategic Holdings Shareholders Presentation for Extraordinary General Meeting 25 May 2012
Slide 2: Agenda
Agenda Briefing to Shareholders o Business Environment in Myanmar o Business Update o FY2012 Financial Highlights o About Star City Proposed Acquisition and Proposed Rights Issue o Resolution 1: The Proposed Acquisition of Economic Interests in Land Development Rights in respect of Star City o Resol
Slide 3: Business Environment in Myanmar
Business Environment in Myanmar
Slide 4: Political and Economic Developments
Political and Economic Developments Aung San Suu Kyi’s National League for Democracy secured 43 of the 44 seats it contested in parliamentary by-elections in April Reform of Myanmar Currency (Kyat) EU suspends most of its sanctions against Myanmar for a year US sanctions on Myanmar eased Derek Mitch
Slide 5: YOMA Business Update
YOMA Business Update
Slide 6: Real Estate
Real Estate Pun Hlaing Golf Estate – Land Development Rights 46 plots sold in FY2012 vs 17 in FY 2011 – Ivory Court Residences FMI City 11 units sold in FY2012 vs 3 in – Land Development Rights FY2011 154 plots sold in FY2012 vs 18 – Lakeview Apartments plots in FY 2011 36 units sold in FY2012 vs 20
Slide 7: Real Estate
Real Estate Total revenue recognized in FY2012 for land and property sales in FMI City and Pun Hlaing Golf Estate was S$36.9m vs S$10.2m in FY 2011 However, additional sales revenue of S$17.4m was made in FY2012 but has not yet been recognized in FY2012 and will be recognised on percentage of comple
Slide 8: Agriculture
Agriculture 100,000 acres of contiguous agricultural land in Ayerwaddy Division of Myanmar, situated 260 km west of Yangon Jatropha Curcas is currently the main agricultural product on the estate - accounting for approx. 2,000 acres Currently started to prepare the land to plant black pepper 8
Slide 9: Automobile Dealership
Automobile Dealership Exclusive dealership to import Dongfeng Light Trucks from China Setting up facilities to support the sales, spare parts and after-sales service Accelerating plan to implement future assembly and potentially manufacturing of trucks in Myanmar 9
Slide 10: FY2012 Financial Highlights
FY2012 Financial Highlights
Slide 11: Financial Summary
Financial Summary S$ ‘m 45 Revenue increased by 249.6% to 39.2 S$39.2 m as a result of significant 40 222 plots of LDRs increase in sales of housing and were sold in FY2012 35 LDRs > 35 plots in FY2011 30 Gross profit increased by 347.7% to 25 S$11.7m 20 Net profit attributable to 15 shareholders in
Slide 12: Segmental Breakdown
Segmental Breakdown FY2012 Construction related services* Automobile 4.27% Dealership 2.44% Agriculture 0.11% FY2011 Construction related services* 8.18% Agriculture 0.56% Sales of housing and Sales of LDR housing and LDR 94.16% 91.25% *Construction related services refers to the Design and Project
Slide 13: YOMA Star City
YOMA Star City o SA = ae
Slide 14: Star City
Star City Artist impressions of Star City Located in Thanlyin Township, approx 6 miles south-east of downtown Yangon Approx. 135 acres of development area to comprise > 9,000 units of apartments and houses, shopping and commercial areas, targeted at middle-class population Properties along perimeter
Slide 15: Rationale for Proposed Acquisition
Rationale for Proposed Acquisition Approaching final phase of FMI City o Current land bank in the mass market segment: 750,000 sq ft in FMI City Proposed acquisition will provide a development pipeline for next 6 – 8 years Opportune timing in view of recent political, social and economic reforms in
Slide 16: Sales update of Star City
Sales update of Star City Building (1) and (2) that are not part of the acquisition fully sold Building (3) launched on 21 April 2012 o 13 floors with a total of 264 apartment units As of 15 May 2012, 172 apartments sold and 30 apartments reserved for purchase 53 apartment units were sold to Myanmar
Slide 17: Star City Sales Event in Singapore
Star City Sales Event in Singapore
Slide 18: Star City Sales Event in Singapore
Star City Sales Event in Singapore 2-day property sales exhibition organised by SPA Group on 28 & 29 April 2012 at Grand Park City Hall Hotel Properties under SPA/Yoma portfolio exhibited and sold in Singapore for the first time Attended by close to 1,000 Myanmar nationals mainly residing in Singapo
Slide 19: Proposed Acquisition and Proposed Rights Issue
Proposed Acquisition and Proposed Rights Issue
Slide 20: Proposed Acquisition of Economic Interests of LDRs in respect to Star City
Proposed Acquisition of Economic Interests of LDRs in respect to Star City Artist impressions of Star City Proposed acquisition of 70% of economic interests of the remaining LDRs in Star City at acquisition price of S$91 million Via conditional deed of assignment (DOA) and joint development deed (JD
Slide 21: Proposed Rights Issue
Proposed Rights Issue Non-underwritten 4 for 5 rights issue of up to 422,117,874 Rights Shares Rights price set at S$0.24 per share representing a 39.2% discount to the closing price on 10 Feb 2012* Theoretical ex rights set at S$0.33 per share - 27.3% discount to the closing price on 10 Feb 2012* S
Slide 22: Employee Incentivisation
Employee Incentivisation The Group has posted record results in FY 2012 and the level of activity is expected to continue to grow strongly. The planned acquisition of the Star City project alone will mean a steep increase in the size of the operations. Further projects are being actively considered.
Slide 23: Questions and Answers
Questions and Answers Thank you
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