Landsea Green Management Limited · HKEX:106
Landsea Green Management — Landsea Green Properties — FY2021 Earnings Presentation
36 slides from Landsea Green Management's earnings presentation, March 2022
Slide 1: 2021 Annual Results Presentation
朗诗绿色地产有限公司 (106.hk) Landsea Green Properties Co., Ltd. 2021 Annual Results Presentation 2022 March
Slide 2: Overview of the Company, Operation Review, Financial Performance
Overview of the Company Operation Review Financial Performance Future Prospect Appendices Figure: Nantong Landsea Haiyingli
Slide 3: Results Highlight
Results Highlight ◆ Landsea produced a contracted value of RMB47.15 billion, representing a year-on- Transformation and year increase of 14.5%; upgrading to the next level ◆ Since the debut of “Ark of Freedom”, it has been launched throughout 16 cities in the PRC with over 8,279 sets of residence la
Slide 4: Overview of the Company
Overview of the Company Figure: Hangzhou Lin’an Landsea Xijian Yalu
Slide 5: Structure of Landsea Green Properties
Structure of Landsea Green Properties Landsea Green Properties (106.HK) 100% 71.12% Operation in Operation in the PRC the US Listed on NASDAQ under stock code: LSEA Development Development services (Project Development and sales management and sales services) 5
Slide 6: Business layout and market position - Operation in the PRC
Business layout and market position - Operation in the PRC LANDSEA 6 36 ALWAYS ON THE WAY Regional companies Cities 150 Developed projects, >25 million m² H u i z h o u , C h u z h o u, J i n h u a , Zhangzhou, Wenling, Dongyang green residential projects of development area M i a n y a n g , H u a
Slide 7: Business layout and market position - Operation in the US
Business layout and market position - Operation in the US Northern Southern New York California California Arizona Florida Texas Metropolitan Area Silver Award – Silver Award – Best Website Best Single Palm Coast New Braunfels Manhattan Tracy Lake Forest Avondale Family Model NAHB NAHB Sunnyvale Ont
Slide 8: Green certifications
Green certifications Green certifications in the PRC A total of 52 national green building evaluation mark 3-start certifications International green A total of 21 top international green building certifications, including WELL, LEED, certifications BREEAM, PHI, DGNB and other top international cert
Slide 9: Operation Review
Operation Review Figure: Mianyang Landsea Dafa Jiangyu Bay
Slide 10: Landsea products contracted sales and contracted GFA in 2021
Landsea products contracted sales and contracted GFA in 2021 (Comprehensive contracted sales of Landsea Group’s products ) Landsea Products contracted value and contracted GFA in 2021 Contracted Sales (RMB100 million) GFA (10,000 sq. m.) Contracted sales 264 RMB 47.1 billion 2.64 million sq. m. Cont
Slide 11: Saleable value of new projects in 2021 (Comprehensive)
Saleable value of new projects in 2021 (Comprehensive) Saleable value and area of new projects Average unit price per sq. m. of new projects Saleable value (RMB 100 million) Saleable area (10,000 sq. m.) Saleable value of new projects Total 17,092 +40.0% 272 RMB 46.5 billion 2.72 million sq. m. The
Slide 12: Project management services business - Newly acquired saleable value
Project management services business - Newly acquired saleable value in 2021 and saleable value as at the end of 2021 Saleable value and area of Saleable value as at the end of new projects 2021 by type (in the PRC) Saleable value of new project managements services projects Saleable value (RMB100 m
Slide 13: Developable projects as of the end of 2021 (Comprehensive)
Developable projects as of the end of 2021 (Comprehensive) Developable projects at the end of the period The PRC The US 5.38 million sq. m. RMB 98.4 billion 4.05 million sq. m. RMB77.3 billion 1.33 million sq. m. RMB 21.1 billion of saleable area Note 1 of saleable value Note 2 of saleable area of s
Slide 14: Business in the PRC – Ark of Freedom, the brand new healthy residential product
Business in the PRC – Ark of Freedom, the brand new healthy residential differentiated product Freedom of temperature Freedom of humidity Freedom of fresh air Freedom of sound and light Ark of Freedom Whole house control of Stay away from PM2.5 and No need to accommodate and No need to worry about d
Slide 15: Business in the PRC - Implementation and premium advantage of the Ark of Freedom
Business in the PRC - Implementation and premium advantage of the Ark of Freedom Implementation of Ark of Freedom as at the end of 2021: Figure: Chengdu Landsea Le Mansion Figure: Changshu Shangjing Mingzhu 16 19 Projects of Ark of Cities1 entered Freedom launched over 8,279 Houses of Ark of 72 Livi
Slide 16: Business in the PRC - Asset light model focusing on minority interests
Business in the PRC - Asset light model focusing on minority interests Competitive advantages of Landsea’s Win-win relationship with Increase revenue and differentiated products complementary resources reduce debt Partners Major profound cooperation with investment institutions/enterprises Investmen
Slide 17: Business in the US - Technology-enabled products for further development
Business in the US - Technology-enabled products for further development in the highly-growth U.S. markets Successfully completed the NASDAQ listing. Through this spin-off, we can unlock greater valuation premiums, and at 1 the same time, further implement our localization strategy and synergistical
Slide 18: China Real Estate Operations Review
China Real Estate Operations Review Real Estate in China achieved sales results in line with expectations in the first half of 2021, with 41% of annual tasks completed in contracting and 48% of 2021 was an exceptionally difficult year for real estate in China. Fortunately, annual tasks completed in
Slide 19: U.S. Real Estate Operations Review
U.S. Real Estate Operations Review As a result of the continued spread of the pandemic and Texas Florida 1 the extreme shortage of housing supply, U.S. home sales reached a nearly 15-year high in 2021 and the average new home sale price increased by nearly 20%; Landsea Homes has been able to enter a
Slide 20: Financial Performance
Financial Performance Figure: Hangzhou Lin’an Landsea Xijian Yalu
Slide 21: Decrease in profit due to changes in accounting estimates
Decrease in profit due to changes in accounting estimates brought about by industry regulation and prudent principles Change Year-on-year RMB million, % Jan-Dec 2021 Jan-Dec 2020 amount change Revenue under on and off-balance sheet equity 11,292 14,542 -3,250 ↓ 22.3% Note 1 Gross profit under on and
Slide 22: Business in the PRC - Gross profit margin in the industry median
Business in the PRC - Gross profit margin in the industry median, development services revenue share increased Property business in the PRC (RMB Year-on-year Jan-Dec 2021 Jan-Dec 2020 million, %) change Revenue under on and off-balance sheet equity 4,616 9,342 ↓ 50.6% Revenue from development servic
Slide 23: Business in the US - earnings levels continue to improve
Business in the US - earnings levels continue to improve Property business in the US (RMB Year-on-year Jan-Dec 2021 Jan-Dec 2020 million, %) change Revenue under on and off-balance sheet equity 6,676 5,200 ↑ 28.4% Development sales revenue on balance sheet 6,511 5,069 Development sales revenue off b
Slide 24: Safe net debt ratio, declining financing costs and solid cash flow
Safe net debt ratio, declining financing costs and solid cash flow As of 31 December As of 30 June As of 31 December Change compared RMB million 2021 2021 2020 to the end of 2020 Interest bearing debts 8,490 7,074 6,554 ↑ 29.5% Of which: short-term debts 3,839 1,435 857 ↑ 348.1% Bank balance and cas
Slide 25: Further optimize the debt maturity structure
Further optimize the debt maturity structure and proactively manage the risk of debt repayment due The assets denominated in USD are in line with the liabilities denominated in USD, therefore the currency liabilities risk is under control. The proportion of debt over 2 years increased from 41% to 54
Slide 26: Diversified financing channels
Diversified financing channels Diversified financing channels Sufficient banking facilities As of the end of December 2021, the Company maintained good long- Debt Bond stock amounting to US$312 million at the end of term cooperation relationship with various financial institutions and financing Dece
Slide 27: Financial Review
Financial Review 01 02 03 04 As the Company shifts from heavy In 2021, we made an orderly In 2022, through measures such as In conjunction with the Company's asset- to light, the structure of revenue lightening transformation, Landsea repayment of RMB3.2 billion of de-stocking, strengthening sales P
Slide 28: Future Prospects
Future Prospects Figure: Chongqing Landsea Xiyue Mansion
Slide 29: Macroeconomic and industry outlook
Macroeconomic and industry outlook Figure: Mianyang Landsea Dafa Jiangyu Bay Macroeconomic ⚫ Under the triple pressure of "demand contraction, supply shock and weakening expectations", China's economy continues to emphasize on maintaining stability and placing more importance on stabilizing growth.
Slide 30: Future Plans - Business in the PRC
Future Plans - Business in the PRC Determined to position itself strategically as a "real estate investment banker + green builder”, Landsea will continue to fulfill its mission of "building for people" and realize the vision of "Everlasting Green Company". By 2022, we will complete the transformati
Slide 31: Future Plans - Business in the US
Future Plans - Business in the US 1 Continue to develop existing operating regions and increase market share #19 NY C ✓ San ✓ Francisco 2 Maintain a reasonable amount of land reserves to meet future development needs in core markets Los Angeles ✓ #24 #14 Riverside #4 #4 ✓ Phoenix #1 Dallas #16 Jacks
Slide 32: Appendices
Appendices Figure: Jiaxing Oasis Jing Yuan 32
Slide 33: Corporate structure of Landsea Holdings
Corporate structure of Landsea Holdings To be the world’s leading energy-saving and low-carbon Technology technology company International green International services developer Stock code:LSEA business business Committed to creating a natural, comfortable, humanistic and life-like tasteful residenc
Slide 34: Development history of Landsea Green Properties
Development history of Landsea Green Properties “ A r k o f Fr e e do m” Deep-green Strategy Property Implement In-depth transformation n e w ge n e r a t io n o f gr e e n h e a lt h y G reen d evel op men t P r od u c t d i f f er en t i a t i on P r od u c t d i f f er en t i a t i on E s t a bli
Slide 35: LANDSEA ALWAYS ON THE WAY
朗诗 永远在路上 LANDSEA ALWAYS ON THE WAY Landsea’s mountain climbing team climbing Qizi Peak in Tibet on 1 October 2020
Slide 36: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. The information in this presentation has been prepared by representa
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