Fantasia Holdings Group Co. Ltd. · HKEX:1777
Fantasia — FY2013 Earnings Presentation
27 slides from Fantasia's earnings presentation, March 2014
Slide 1: 2013 Annual Results Presentation
Stock code：1777 2013 Annual Results Presentation March 2014
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fantasia Holdings Group Co., Limited (the “Company”) solely for use at the presentation regarding the Company and its subsidiaries (collectively, the “Group”). No representation or warranty (whether express or implied) is made as to the fairness, acc
Slide 3: Section
Section 1. 2013 Results Overview 2. 2013 Business Review 3. Market Outlook and Corporate Strategy 4. Appendix 3
Slide 4: Steady Growth in Contract Sales
Steady Growth in Contract Sales Contract sales for 2013 reached RMB10.17 billion (YoY +27%); Contract sales GFA for 2013 reached 1,292,735 sq.m. (YoY +35%); Achieved sales target for 2013 Contract Sales (RMB billion) Contract Sales GFA (sq.m) CAGR: 37.8% CAGR: 50.1% 1,292,735 10.2 8.0 960,000
Slide 5: Key Financial Highlights
Key Financial Highlights Profitability Gross profit margin Net profit margin EPS 38.4% 16.7% RMB0.23 / share Financial position Cash on hand RMB3.6 billion Financing activities in 2013 Issued USD 250 million 10.75% Issued RMB1 billion 7.875% senior senior notes due 2020 in Jan 2013 notes due 2016 in
Slide 6: Solid Profit Growth
Solid Profit Growth RMB mn 2012 2013 Change Revenue 6,230 7,280 16.9% Gross Profit 2,520 2,794 10.8% Net Profit 1,139 1,215 6.7% Core Net Profit 892 1,141 27.9% EPS (RMB) 0.22 0.23 4.5% Gross Profit Margin 40.5% 38.4% (2.1pts) Net Profit Margin 18.3% 16.7% (1.6pts) Core Net Profit Margin 14.3% 15.6%
Slide 7: Healthy Financial Position
Healthy Financial Position RMB mn Dec 31 2012 Dec 31 2013 Change Cash (1) 3,496 3,632 3.9% Non-restricted cash 2,788 2,777 (0.4%) Total Assets 24,527 30,563 24.6% Short-term debt 2,452 2,053 (16.3%) Long-term debt 5,429 9,785 80.2% Total debt 7,881 11,838 50.2% Shareholder's equity 6,601 7,320 10.9%
Slide 8: Debt Maturity Profile
Debt Maturity Profile > 5 years < 1 year As of December 2013, the company had a total 18% 16% debt of c. RMB 11.8bn, of which c. RMB 7.9bn (66.5%) will mature during 2015-2018. 1 - 2 year 24% The total debt represented loans and senior notes, 2 - 5 year including offshore debt RMB5.6bn (47.6%) and 4
Slide 9: Dividend
Dividend To maintain a proper balance between shareholders’ cash return and the Company’s future investment needs, the Board of Directors recommends to shareholders a final dividend of HKD 6.68cents per share for 2013 Total dividend payout ratio of 2013 is 25% Dividend Per Share (HKD cent) Divid
Slide 10: Section
Section 1. 2013 Results Overview 2. 2013 Business Review 3. Market Outlook and Corporate Strategy 4. Appendix 10
Slide 11: Increasingly Diversified Revenue
Increasingly Diversified Revenue Contract Sales Breakdown (by product) 2012 Boutique 2013 Boutique Upscale Upscale Residences Residences 24% 31% Urban Urban Complexes Complexes 49% 49% Mid-to-high Mid-to-high End End Residences Residences 20% 27% Contract Sales Breakdown (by region) 2012 2013 The Ya
Slide 12: Strategic Project Planning and Execution
Strategic Project Planning and Execution 2013 Newly Commenced Projects City Project name Product Category GFA (sq.m) Pearl River Delta Huizhou Phase 4 of Fantasia Special Town Residential and Commercial 156,144 Huizhou Phase 5 of Fantasia Special Town Residential and Commercial 149,981 Guilin Phase
Slide 13: Strategic Project Planning and Execution (Cont'd)
Strategic Project Planning and Execution (Cont’d) 2013 Completed Projects City Project name GFA (sq.m) Pearl River Delta Dongguan Phase 2 of Wonderland 75,557 Dongguan Phase 3.1 of Wonderland 71,660 Guilin Phase 1 of Fantasia Town 272,574 Shenzhen Able 34,430 Huizhou Phase 1 of Love Forever 97,376 C
Slide 14: Land Acquisition in 2013
Land Acquisition in 2013 Many of the newly acquired projects have commenced construction in 2013, and our land acquisition was focused on first and second-tier cities Time City Project Name Planned Total GFA (sq.m) Feb 2013 Chengdu Wenjiang District 293,600 Mar 2013 Suzhou Huqiu District Projects 19
Slide 15: High Quality Land Bank
High Quality Land Bank As of December 31 2013, we had a total of 29 projects at various stages of development in 16 core cities in China and Singapore, providing diversification while improving management efficiency Central China Beijing-Tianjin Singapore 3.0% Metropolitan 0.1% Region Beijing-Tianji
Slide 16: High Quality and Low Cost Land Bank
High Quality and Low Cost Land Bank Land Bank Under Development City Project GFA (sq.m) Product Category Xingnian Plaza 52,468 Urban complex Shenzhen Longqi Bay 38,139 Boutique upscale residence Phase 3, 4 and 5 of Fantasia Special Town 466,375 Mid-to-high end residence Huizhou Love Forever 41,390 M
Slide 17: High Quality and Low Cost Land Bank (Cont'd)
High Quality and Low Cost Land Bank (Cont’d) Land Bank Held for Future Development City Project GFA (sq.m) Nature of Land Nanshan District Project (TCL Project) 39,587 Industrial, commercial and financial Zhizhou Building Project 37,500 Commercial and financial use land Shenzhen Huachuang Project 90
Slide 18: Continuous Expansion of Property Services and Business Operating Capacity
Continuous Expansion of Property Services and Business Operating Capacity In 2013, our other business such as property operation and hotel services also achieved a sustainable growth. Recurrent Revenue From Property Investment, Hotel and Community Services Businesses 2012 2013 Recurrent Recurrent In
Slide 19: Maintaining Competitive Team Scale
Maintaining Competitive Team Scale We maintain a competitive team scale which is in line with the expansion of our business operations Number of Total Employees 12,412 1,085 706 7,502 6,929 794 649 9,793 5,542 5,912 738 796 828 Dec 31 2011 Dec 31 2012 Dec 31 2013 Property Development Property Operat
Slide 20: Recent Development
Recent Development Jan 2014 Issuance of USD300 million 10.625% senior notes due 2019 in Jan 24 2014 Jan 2014 Kicked off a new journey with sales achieving RMB10 billion in 2013 Acquisition of property business of TCL Group and issue of new shares about 863 million Jan 2014 shares at a subscription p
Slide 21: Glance at Projects – Funian Plaza
Glance at Projects – Funian Plaza 21
Slide 22: Section
Section 1. 2013 Results Overview 2. 2013 Business Review 3. Market Outlook and Corporate Strategy 4. Appendix 22
Slide 23: Market Outlook - 2014
Market Outlook - 2014 Domestic economic development will have a good foundation with a target GDP growth of around 7.5% Fundamental demand will still be the dominating part in the property market and its structural imbalance will be improved Property sales in first and second-tier cities will
Slide 24: Corporate Strategy - 2014
Corporate Strategy - 2014 Leveraging the solid foundation in the real estate industry, Fantasia has transformed to a property services– related enterprise mainly covering : financial service, community service, real estate development, business management, hotel management, cultural tourism and seni
Slide 25: Thank You!
Thank You! www.cnfantasia.com 25
Slide 26: Section
Section 1. 2013 Results Overview 2. 2013 Business Review 3. Market Outlook and Corporate Strategy 4. Appendix 26
Slide 27: Appendix I: Contract Sales in 2013
Appendix I：Contract Sales in 2013 Amount City Project Name GFA (sq.m) （million RMB） Funian Plaza 744.9 24.1 Shenzhen Love Forever 151.2 2.6 Hailrun Plaza 267.7 0.2 Love Forever 9,454.8 87.3 MIC Plaza 69,793.2 1,161.4 My Place 49.6 0.5 Future Plaza 58,158.9 642.9 Chengdu Fantasia Town 110,354.4 499.0
Fantasia Holdings Group — FY2013 Earnings Presentation on 6ix