Tian An Australia Limited · ASX:TIA
Tian An Australia — FY2017 Earnings Presentation
11 slides from Tian An Australia's earnings presentation, Feb 26, 2018
Slide 1: December 2017 Results
For personal use only December 2017 Results For the year ended 31 December 2017
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Tian An Australia Limited ACN 009 134 114 (TIA) and is general background information about TIA’s activities current as at the date of this presentation. This information is given in summary form and does not pur
Slide 3: Contents
Contents For personal use only 1. Overview 2. Financial Results 3. Project Summary 4. Project Updates The Milton Burwood Square 3
Slide 4: Overview
Overview For personal use only Underlying profit of $2.4 million Statutory profit of $1.2 million Financial Strong cash reserves with in excess of $24.0 million available. Nil debt outstanding. AUD $22 million financing facility with AP Finance Limited undrawn. Settled the acquisition of
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to Dec Year to Dec 2017 Change Summarised Profit and Loss 2016 Year to December 2017 Commentary ($M) ($M) ($M) Revenue and Other income 14.4 13.4 (1.0) Settlements at SeaSpray Cost of sales (7.9) (3.6) (4.3) Impairments (1.2) - (1.2)
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only December 2017 December 2016 Summarised Balance Sheet June 2017 Commentary ($M) ($M) Assets East Coast projects 44.2 15.1 Acquisition of Enfield West Coast projects 53.9 55.1 Impairment of Oceanique Other assets 28.7 54.7 Payment of new projects
Slide 7: Project Updates
Project Updates For personal use only Burwood Square 7
Slide 8: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Carrying Value Total Project Gross Construction Nature of (GST exclusive) Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots The Milton Sales / Settlement risk on 50%1 219.8 6.3 295 295 -
Slide 9: SeaSpray, The Milton, Enfield
SeaSpray The Milton Enfield For personal use only • TIA interest: 50% • TIA interest: 100% • TIA interest: 100% • 295 apartments (100% • 247 lot residential subdivision (98% • Residential development settled) settled) • 12,619 sqm site • 2,270 sqm retail & commercial • Estimated Gross Realisation: $
Slide 10: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 48.2 3,080 N/A N/A N/A Development Appr
Slide 11: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 potential lots • 66 luxury apartments (94% sold / 94% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved for subdivision and marina • Available apartments: 4 11