Soundwill Holdings Limited · HKEX:878

Soundwill — H1 2015 Earnings Presentation

20 slides from Soundwill's earnings presentation, Sep 4, 2015

  1. Slide 1: 2015 Interim Results

    2015 Interim Results A niche property play with quality assets in Causeway Bay Stock code: 878.HK

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the “Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or

  3. Slide 3: 2015 Interim Results Highlights

    2015 Interim Results Highlights Turnover Revenue Revenue by business segments HK$ mil 3,500 Building Property management & 3,000 , development th serviecs other i 1% (16%) 3%(3%) Property 2,500 leasing 96% (81%) 2,000 1,500 2,937 1,000 500 255 261 0 FY2014 1H2014 1H2015 (Comparative figures of 1H201

  4. Slide 4: Earnings and Dividends

    Earnings and Dividends Underlying Profit * Basic earnings per share HK$ mil HK$ 1,000 7 6 5 4 500 878 3 6.00 2 1 1.60 124 1.02 85 0 0 FY2014 1H2014 1H2015 FY2014 1H2014 1H2015 Increase in underlying profit ￭ Mainly due to the increase in revenue from property leasing *Exclude net gain on fair value

  5. Slide 5: Net Asset Overview

    Net Asset Overview NAV NAV per share NAV per share breakdown (HK$ bn) (HK$) NAV per share breakdown HK$ 58 7 58.7 59 5 59.5 (as at 30 Jun 2015) 25 60 53.6 Soundwill Plaza 27.2 49.1 Other assets – Commercial 50 20 Soundwill Plaza II – Midtown 8.3 Total: 16.7 Total: 16.9 THE SHARP 4.3 37.3 Total: 15.0

  6. Slide 6: Balance Sheet Highlights

    Balance Sheet Highlights As at 31 Dec 2014 As at 30 Jun 2015 Change HK$ mil (HK$mil) (HK$mil) Total assets 20,004 20,613 + 3% Net assets 16 663 16,663 16 926 16,926 +2% Cash and cash equivalents 1,070 321 -70% Bank deposit at escrow account 179 308 +72% Total debt 2 222 2,222 2 351 2,351 +6% Gearing

  7. Slide 7: Financial Ratios

    Financial Ratios Total Debt / Total Equity Debt Maturity (as at 30 Jun 2015) % HK$bil 80% 2 1.9 60% 46.0% 40% 34 1% 34.1% 1 26.3% 21.7% 20% 13.3% 13.9% 0.3 0.2 0% 0 FY2010 FY2011 FY2012 FY2013 FY2014 1H2015 < 1 yr 1 - 5 yrs > 5 yrs Net Debt / EBITDA Interest Cover Times Times Ti 6 100 5.2 5 80 4 60

  8. Slide 8: Business Overview

    Business Overview

  9. Slide 9: Grade-A Investment Portfolio – Commercial

    Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay Soundwill Plaza, Causeway Bay Times Square 時代廣場  Total leasing GFA : 245,105 sq. ft. Russell St 羅素街  Prime location in one of the world’s most expensive di t i t districts  Destination of cho

  10. Slide 10: Grade-A Investment Portfolio – Commercial

    Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Soundwill Plaza II Midtown, Causeway Bay Times Square Growth Driver  Total leasing GFA : 218,000 sq. ft. 時代廣場  Grand opening in Dec 2014  Midtown POP on 17/F & 18/F – a 15,8

  11. Slide 11: Grade-A Investment Portfolio – Commercial

    Grade-A Investment Portfolio – Commercial New retail complex THE SHARP, Causeway Bay  Total leasing GFA : 4,800 sq. ft. (G/F retail space retained for investment purposes)  Pre-sold all 29 floors on 3 Jan 2013 - GFA : 45,900 sq. ft. - ASP : HK$33 HK$33,600600 / sq sq. ftft. - Proceeds of HK$1,500

  12. Slide 12: Grade-A Investment Portfolio – Residential

    Grade-A Investment Portfolio – Residential Boutique residences in premium locations WarrenWoods 尚巒, Tai Hang  Occupancy date : Oct 2012  162 out of 163 units sold  Proceeds : HK$1,212 mil (recognized in FY2012) Status:  Skyline penthouse reserved for future sale, with a GFA of approx. 3,300 sq.

  13. Slide 13: Prospects

    Prospects

  14. Slide 14: Upcoming Catalysts

    Upcoming Catalysts Project Details Positive financial impact 2015 1  Grand opening in December 2014 Substantial increase in  90% of dining floors has been leased rental income Proceeds of HK$1,500 mil to be 2  Completion of “THE SHARP” in 2H 2015 recognized in FY2015 2016 Expected 3  Completion

  15. Slide 15: Land Bank & Est. Development Completion Timeline

    Land Bank & Est. Development Completion Timeline Est. year of completion Project location Development plan FY2016 FY2017 「COHO」 COHO」  Commercial/residential C / complex Tai Hang School St. 書館街  GFA: 23,200 sq. ft.  Kwai Chung  Industrial complex Castle Peak Road 青山公路  GFA: 126,000 126 000 sq.

  16. Slide 16: Appendix

    Appendix

  17. Slide 17: Shareholding / Corporate Structure

    Shareholding / Corporate Structure Chairman Other Public Shareholders Madam Grace Foo and family [68.15]% [31.85]% Property P t Assembly A bl & Property P t Property P t Resale Leasing Development No. of issued shares : 284,328,635 shares (as at 31 July 2015) 17

  18. Slide 18: SWP Current Tenants (as at June 2015)

    SWP Current Tenants (as at 30 June 2015) 32-39/F 3-31/F Street level An Iconic British Luxury Brand 18

  19. Slide 19: Unified Projects Overview

    Unified Projects Overview Project Year unified Project status WarrenWoods 尚巒 2009 Completed in 2012 ((Warren St.)) Soundwill Plaza II – Midtown 2010 For lease (Tang Lung St.) Park Haven 曦巒 2010 Completed in 2014 (Haven St.) THE SHARP 2010 Pre-sale completed in 2013 (Sharp St. East & Yiu Wah St.) COH

  20. Slide 20: Thank You

    Thank You

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