Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — Q1 FY2024 Earnings Presentation
37 slides from Ytl Hospitality Reit's earnings presentation, Nov 23, 2023
Slide 1: First Quarter FY2024 Financial Results
First Quarter FY2024 Financial Results 23 November 2023
Slide 2: Key Highlights – 1Q FY2024
KEY HIGHLIGHTS – 1Q FY2024 • Income available for distribution FINANCIAL of RM26.5 million for 1Q FY2024 PORTFOLIO HIGHLIGHTS MANAGEMENT • Properties in Malaysia and Japan under master leases • Properties in Australia (1Q FY2024 vs 1Q FY2023) ➢ Average Occupancy Rate: 81.7% vs 66.1% ➢ ADR: AUD292 vs
Slide 3: Financial performance 1Q FY2024
1 Financial performance 1Q FY2024 Pangkor Laut Resort Perak Darul Ridzuan, Malaysia
Slide 4: Financial Performance: 1Q FY2024
FINANCIAL PERFORMANCE: 1Q FY2024 1 July - 30 September 1Q FY2024 1Q FY2023 Change Total Revenue 130.9 112.3 + 16.6% (1) - Hotel Revenue (Management Contracts) 87.5 68.9 + 27.1% - Lease Rental (Master Leases) 43.4 43.4 + 0.0% Net Property Income (NPI) 68.3 58.1 + 17.4% (1) - Management Contracts 27.6
Slide 5: Quarterly Financial Performance
QUARTERLY FINANCIAL PERFORMANCE FY2022 FY2023 FY2024 TOTALrevenue NETproperty income RM (million) RM (million) 150 16.6% 150 130.1 130.9 126.9 117.6 112.3 106.4 100 100 89.8 77.5 17.4% 66.3 66.9 68.3 55.4 56.8 59.9 58.1 50 50 44.5 0 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 5
Slide 6: First Quarter Financial Performance by Country
FIRST QUARTER FINANCIAL PERFORMANCE BY COUNTRY 1Q FY2023 1Q FY2024 TOTALrevenue NETproperty income RM (million) RM (million) 100 27.1% 100 87.5 68.9 50 50 36.5 36.5 34.7 34.6 58.5% 27.6 17.4 6.8 6.9 6.1 6.1 0 0 Malaysia Australia Japan Malaysia Australia Japan 6
Slide 7: DPU Performance
DPU PERFORMANCE Total DPU Semi-annual Breakdown DPU (sen) 10 8.4613 7.9746 8.0838 7.8938 7.8683 7.8711 7.6359 7.3803 7.4433 6.4855 6.4855 6.7115 Total Distributions* FY2 0 2 3 FY2 0 2 4 Cumulative 126.9 - 5 2H 4.3833 2H 74.7 4.1636 1H 52.2 3.9550 * In RM million 1H 3.0600 0 FY2010 FY2011 FY2012 FY20
Slide 8: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at 30 September 2023 As at 30 June 2023 RM ('000) Change (Unaudited) (Audited) Investment properties 2,777,948 2,792,750 (0.5%) Property, plant and equipment 2,020,676 2,085,578 (3.1%) Cash & cash equivalents 118,052 183,599 (35.7%) Other assets 104,717 65,351 + 60
Slide 9: Unit Price Performance
UNIT PRICE PERFORMANCE YTL Hospitality REIT’s YTL Hospitality REIT’s Unit Price Movement & Relative Performance to FBMKLCI Unit Price Movement & Relative Performance to REIT Index (1 January 2012 to 30 September 2023) (1 October 2017 to 30 September 2023) RM % RM % 1.40 60 1.40 30 Unit Price Relativ
Slide 10: Capital management
2 Capital management Tanjong Jara Resort, Terengganu, Malaysia
Slide 11: Debt Maturity Profile
DEBT^ MATURITY PROFILE Borrowings in AUD * Borrowings in RM Borrowings in JPY # RM (million) 1,170 1,200 385 800 400 785 350 273 171 80 0 - - - FY2025 FY2026 FY2027 FY2028 FY2029 Notes: ^ Excluding the effects of capitalised transaction costs. * RM equivalent based on the exchange rate of A$1.00: RM
Slide 12: Debt Profile as at 30 September 2023
DEBT^ PROFILE AS AT 30 SEPTEMBER 2023 CURRENCY INTEREST RATE Fixed JPY 4.2% α 8.4% AUD 51.8% RM 39.8% Floating 95.8% β 30 September 2023 30 June 2023 Change Borrowings^ (RM'000) 2,044,481 2,071,253 (1.3%) Total Asset Value (RM'000) 5,021,393 5,127,278 (2.1%) Gearing (%) 40.7% 40.4% + 0.3 pp Average
Slide 13: Debt Headroom of ~RM786 million for Acquisitions
DEBT HEADROOM OF ~RM786 million FOR ACQUISITIONS As at 30 September 2023 Borrowing of RM140 million* After completion of the acquisition RM (million) RM (million) 5,947 5,947 6,000 6,000 926 786 4,000 4,000 2,970 2,970 Gearing 786 5,161 926 5,021 limit = 50% 2,000 2,000 Gearing = 40.7% Proforma (As
Slide 14: Asset management
3 Asset management Cameron Highlands Resort, Malaysia
Slide 15: Luxury Hotels & Serviced Residences in 3 Countries
LUXURY HOTELS & SERVICED RESIDENCES IN 3 COUNTRIES ASSET breakdown(by Country)(1) Malaysia (Northern) ◼ AC Hotel Penang Bukit Jambul Japan Japan ◼ Pangkor Laut Resort 10.5% ◼ Hilton Niseko Village ◼ Cameron Highlands Resort Australia ◼ The Green Leaf Niseko 42.1% Village Malaysia 47.4% Malaysia (Eas
Slide 16: Portfolio Occupancy
PORTFOLIO OCCUPANCY FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 1Q FY2024 Malaysia Under Master Leases Japan Under Master Leases Australia 83.1% (1) 84.2% 84.4% 86.4% 86.9% 87.8% 84.9% 73.1% (2) 53.3% (2) 43.8% (2) 73.5% (2,3) 81.7% Notes: (1) For 1 July 2012 to 30 J
Slide 17: Master Leases Expiry Profile
MASTER LEASES EXPIRY PROFILE NETproperty income NETproperty income (% of total *) Master leases (% of total *) 40 Master 30 Leases 29 60% 20 Management Contracts 10 11 ^ 40% 10 6 4 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2048 Notes: * For 1Q FY2024. ^ Lessee for JW Marriott Hotel Kuala L
Slide 18: Australia Hotel Performance by Quarter (1 of 2)
AUSTRALIA HOTEL PERFORMANCE BY QUARTER (1 OF 2) FY2022 FY2023 FY2024 REVENUEper available room AUD (RevPAR) 300 30.6% 237 242 239 203 200 183 171 100 83 53 0 2Q 3Q 4Q 1Q 18
Slide 19: Australia Hotel Performance by Quarter (2 of 2)
AUSTRALIA HOTEL PERFORMANCE BY QUARTER (2 OF 2) FY2022 FY2023 FY2024 Average occupancy Average daily rate (ADR) % AUD 100 350 15.6pp 5.4% 311 307 81.7 292 78.7 300 277 76.1 273 277 73.2 66.1 250 231 62.5 195 200 50 36.0 150 27.3 100 50 0 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 19
Slide 20: Appendices
4 Appendices Hilton Niseko Village Hokkaido, Japan
Slide 21: JW Marriott Hotel Kuala Lumpur
JW MARRIOTT HOTEL KUALA LUMPUR No. 183, Jalan Bukit Bintang, 55100 Kuala Address Lumpur A 5-star hotel with 578 rooms located on part of an 8-level podium block and entire 24-level tower block of Starhill Gallery Description together with car park bays located partially at basement 1 and 4 and the e
Slide 22: The Majestic Hotel Kuala Lumpur
THE MAJESTIC HOTEL KUALA LUMPUR No. 5, Jalan Sultan Hishamuddin, 50000 Kuala Address Lumpur A 5-star hotel comprising Majestic Wing (original historic hotel building) with 47 luxurious suites, Tower Wing with 253 guestrooms and suites, Majestic Ballroom with seating capacity of 1,200 for banquet or
Slide 23: The Ritz-Carlton, Kuala Lumpur – Suite Wing
THE RITZ-CARLTON, KUALA LUMPUR – SUITE WING Address No. 168, Jalan Imbi, 55100 Kuala Lumpur Parcel 1: 60 units of hotel suites, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car park Description Parcel 2: 50 units of hotel suites, 4 units of penthouses and 1 leve
Slide 24: The Ritz-Carlton, Kuala Lumpur – Hotel Wing
THE RITZ-CARLTON, KUALA LUMPUR – HOTEL WING Address No. 168, Jalan Imbi, 55100 Kuala Lumpur 22-storey 5-star hotel building comprising Description 251 rooms with 4-storey basement car park Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 3 years Annual rental (2) RM22.
Slide 25: AC Hotel Kuala Lumpur Titiwangsa
AC HOTEL KUALA LUMPUR TITIWANGSA No. 9, Jalan Lumut, Off Jalan Ipoh, 50400 Address Kuala Lumpur 17-storey hotel building with 364 rooms and Description 2-storey basement car park Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 3 years Annual rental (2) RM9.04 million
Slide 26: AC Hotel Penang Bukit Jambul
AC HOTEL PENANG BUKIT JAMBUL No. 213, Jalan Bukit Gambir, Bukit Jambul, Address 11950 Pulau Pinang 17-storey Hotel Wing with 238 hotel rooms Description and 26-storey Suite Wing with 189 hotel suites with an annexed 3-storey podium 99-year leasehold expiring on 27 October Tenure 2094 Master lease ex
Slide 27: AC Hotel Kuantan City Centre
AC HOTEL KUANTAN CITY CENTRE Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Description 8-storey hotel building with 215 rooms Tenure 99-year leasehold expiring on 11 July 2092 Master lease expiry 14 November 2026 Master lease remaining (1) 3 years Annual rental (2) RM6.62 million No. of rooms 215
Slide 28: Pangkor Laut Resort
PANGKOR LAUT RESORT Pangkor Laut Island, 32200 Lumut, Perak Address Darul Ridzuan 36 units of Garden Villas, 52 units of Hill Description Villas, 8 units of Beach Villas and 1 unit of Pavarotti Suite 99-year registered lease expiring on 21 May Tenure 2095 Master lease expiry 14 November 2026 Master
Slide 29: Tanjong Jara Resort
TANJONG JARA RESORT Batu 8, Off Jalan Dungun, 23000 Dungun, Address Terengganu Darul Iman Description Small luxury boutique resort with 100 rooms 60-year leasehold expiring on 4 December Tenure 2067 Master lease expiry 14 November 2026 Master lease remaining (1) 3 years Annual rental (2) RM7.72 mill
Slide 30: Cameron Highlands Resort
CAMERON HIGHLANDS RESORT By the Golf Course, 39000 Tanah Rata, Address Cameron Highlands, Pahang Darul Makmur 3-storey luxury resort with a 2-storey spa Description village block with 56 rooms and suites and a single storey building 99-year leasehold expiring on 9 December Tenure 2108 Master lease e
Slide 31: Hilton Niseko Village
HILTON NISEKO VILLAGE Address Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido 16-storey hotel building with 1-storey of Description basement comprising 506 rooms Tenure Freehold Master lease expiry 21 December 2026 Master lease remaining (1) 3 years Annual rental (2) RM17.13 million No. of rooms 506 Acqui
Slide 32: The Green Leaf Niseko Village
THE GREEN LEAF NISEKO VILLAGE Aza-Higashiyama, Niseko-cho, Abuta-gun, Address Hokkaido 5-storey hotel building with 1-storey of Description basement comprising 200 rooms Tenure Freehold Master lease expiry 25 September 2048 Master lease remaining (1) 25 years Annual rental (2,4) JPY331 million (RM10
Slide 33: Sydney Harbour Marriott
SYDNEY HARBOUR MARRIOTT Address 30 Pitt Street, Sydney, New South Wales 33-storey hotel building with central atrium Description comprising 595 rooms including 3 levels of basement with car parking bays Tenure Freehold No. of rooms 595 Acquisition date 29 November 2012 Valuation (1, 2) AUD504.0 mill
Slide 34: Brisbane Marriott
BRISBANE MARRIOTT Address 515 Queen Street, Brisbane, Queensland 28-storey hotel building comprising 267 Description rooms with 3 levels of basement with car parking bays Tenure Freehold No. of rooms 267 Acquisition date 29 November 2012 Valuation (1, 2) AUD90.0 million (RM272.57 million) Notes: 1.
Slide 35: Melbourne Marriott
MELBOURNE MARRIOTT Corner Exhibition and Lonsdale Streets, Address Melbourne, Victoria 16-storey hotel building comprising 189 Description rooms with 5 split levels of car park Tenure Freehold No. of rooms 189 Acquisition date 29 November 2012 Valuation (1, 2) AUD80.0 million (RM242.29 million) Note
Slide 36: Disclaimer
DISCLAIMER This presentation shall be read in conjunction with YTL Hospitality REIT’s interim financial report for the quarter ended 30 September 2023, a copy of which is available on www.bursamalaysia.com and www.ytlhospitalityreit.com. This presentation is for information purposes only and does no
Slide 37: Pintar Projek Sdn Bhd
PINTAR PROJEK SDN BHD 199401028328 (314009-W) Manager of YTL Hospitality REIT 33rd Floor Menara YTL 205 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2038 0888 Fax: 603 2038 0388 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com
YTL Hospitality REIT — Q1 FY2024 Earnings Presentation on 6ix