Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — Q3 2014 Earnings Presentation
24 slides from Ytl Hospitality Reit's earnings presentation, May 20, 2014
Slide 1: Third Quarter 2014 Financial Results
YTL Hospitality REIT – A leading Asia Pacific hospitality REIT Third Quarter 2014 Financial Results 20 May 2014
Slide 2: 1. Financial Highlights
1. Financial Highlights
Slide 3: Key Highlights
Key Highlights 3Q FY 2014 DPU up 5.1% from previous quarter to 2.08 cents − Total revenue increased to RM 107.4 million, 0.3% up from 3Q FY 2013 − Total Net Property Income (“NPI”) increased 5.6% to RM 52.9 million from 3Q FY 2013(1) Australia portfolio revenue increased − Australia portfolio averag
Slide 4: Distribution time table
Distribution time table Distribution period 1 January to 31 March 2014 Distribution per unit 2.08 sen Distribution timetable Ex-date 2 June 2014 Entitlement Date 4 June 2014 Payment Date 24 June 2014 3
Slide 5: Financial highlights
Financial highlights 3Q FY14* 3Q FY13* % change YTD FY14* YTD FY13* % change (RM'000) Revenue 107,365 106,993 + 0.3% 324,624 192,225 + 68.9% Net property income (1) 52,930 67,314 (21.4%) 157,728 134,898 + 16.9% Income available for distribution 30,613 29,138 + 5.1% 86,414 76,648 + 12.7% Income distr
Slide 6: Distribution history
Distribution history Distribution per unit (sen) (1) YTL Hospitality REIT has started paying quarterly distributions commencing the financial year ending 30 June 2014 (1) Includes one-off gain on sale of Convertible Preferred Units issued by Starhill Global Real Estate Investment Trust amounting to
Slide 7: Financial results: Income statement
Financial results Income statement Fiscal year ended, 30 June 3Q FY14* 3Q FY13* YTD FY14* YTD FY13* (RM'000) Hotel revenue 78,966 78,661 239,517 107,697 Property revenue 28,399 28,332 85,107 84,528 Total revenue 107,365 106,993 324,624 192,225 Property operating expenses (1) (54,435) (39,679) (166,8
Slide 8: Financial results: Balance sheet
Financial results Balance sheet As at 31 March 2014 3Q FY14* (RM'000) Current assets 170,664 Non-current assets 2,801,906 Total assets 2,972,570 Current liabilities 73,214 Non-current liabilities 1,581,130 Total liabilities 1,654,344 Net Asset Value 1,318,226 NAV per unit (RM)(1) 1.055 Adjusted NAV
Slide 9: 2. Portfolio Performance
2. Portfolio Performance
Slide 10: Portfolio valuation
Portfolio valuation 3,706 rooms and units located across 3 countries Portfolio overview # of rooms / units Appraised value (RM'000) % of total appraised value JW Marriott Hotel Kuala Lumpur* 561 349,700 12.5% The Residences at The Ritz-Carlton, Kuala Lumpur* 114 223,500 8.0% The Ritz-Carlton, Kuala
Slide 11: Revenue breakdown by country
Revenue breakdown by country Revenue (RM’000) Australia 140,000 Japan Malaysia 120,000 114,678 106,993 107,365 102,581 99,796 100,000 80,000 86,350 78,661 78,996 71,495 74,171 60,000 40,000 3,845 3,888 3,922 3,841 3,882 20,000 24,487 24,413 24,488 24,487 24,487 - 3Q FY13 4Q FY13 1Q FY14 2Q FY14 3Q F
Slide 12: NPI breakdown by country
NPI breakdown by country Malaysia NPI (RM’000) Japan 80,000 Australia 67,314 70,000 60,000 56,524 52,930 48,274 50,000 45,519 40,476 30,090 40,000 25,972 21,783 19,662 30,000 3,684 2,647 3,214 3,158 3,690 20,000 23,154 23,210 23,277 23,276 23,268 10,000 - 3Q FY13 4Q FY13 1Q FY14 2Q FY14 3Q FY14 Note
Slide 13: Portfolio performance 3Q FY14 versus 3Q FY13
Portfolio performance 3Q FY14 versus 3Q FY13 Revenue (RM'000) Net property income (RM'000) 3Q FY14* 3Q FY13* % change 3Q FY14* 3Q FY13* % change (1) Australia 78,996 78,661 + 0.4% 25,972 40,476 (35.8%) Malaysia 24,487 24,487 0.0% 23,268 23,154 + 0.5% Japan 3,882 3,845 + 1.0% 3,690 3,684 + 0.2% * Una
Slide 14: Australia hotel portfolio performance
Australia hotel portfolio performance Average Daily Rate (A$) Occupancy rate (%) RevPar (A$) * Unaudited. 13
Slide 15: 3. Capital Management
3. Capital Management
Slide 16: Debt maturity profile
Debt maturity profile Debt maturity profile as at 31 March 2014 Gearing details As at 31 March 2014 3Q FY14* (RM'000) Total debt 1,581,800 Total assets 2,972,570 Gearing 53.2% Interest cover(1) 2.9x Average interest rate p.a. 4.56% No refinancing risk Weighted average debt maturity(2) 3.6 years Matu
Slide 17: 4. Appendix
4. Appendix
Slide 18: YTL Hospitality REIT overview
YTL Hospitality REIT overview A unique investment opportunity providing exposure to high quality Asia Pacific hospitality assets 9 luxury hotels, 3 upscale hotels and 1 serviced residence YTL Hospitality REIT overview No. of rooms / Market Asset value NPI breakdown(2) Countries units capitalisation(
Slide 19: A portfolio of upscale and luxury hotels and serviced residences
A portfolio of upscale and luxury hotels and serviced residences 3,706 rooms located across 3 countries Focused on city and destination hotels and resorts managed by best-in-class operators and affiliated with quality global brands Japan Asset breakdown by country(1) Hilton Niseko, Hokkaido Malaysia
Slide 20: Luxury hotels and residences Malaysia
Luxury hotels and residences Malaysia The Residences at The Ritz-Carlton, Kuala JW Marriott Hotel Kuala Lumpur The Ritz-Carlton, Kuala Lumpur Lumpur 168, Jalan Imbi and Jalan Yap Tai Chi, 55100 Lot 1308, Jalan Yap Tai Chi, Seksyen 67 Off Address 183, Jalan Bukit Bintang, 55100 Kuala Lumpur Kuala Lum
Slide 21: Luxury hotels Malaysia and Japan
Luxury hotels Malaysia and Japan Pangkor Laut Resort Tanjong Jara Resort Cameron Highlands Resort Hilton Niseko Pangkor Laut, 32200 Lumut, Perak Darul Batu 8, Off Jalan Dungun, 23000 Dungun, By the Golf Course, 39000 Tanah Rata, Higashiyama-Onsen, Niseko-town, Abuta-gun, Address Ridzuan Terengganu C
Slide 22: Upscale hotels Malaysia
Upscale hotels Malaysia Vistana Kuala Lumpur Vistana Penang Vistana Kuantan No.9, Jalan Lumut, off Jalan Ipoh, 50400 Kuala No. 213, Jalan Bukit Gambir, Bukit Jambul, Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Lumpur 11950 Pulau Pinang Located within the hub of Kuala Lumpur close to Located in
Slide 23: Luxury hotels Australia
Luxury hotels Australia Sydney Harbour Marriott Brisbane Marriott Melbourne Marriott Corner Exhibition and Lonsdale Street, Address 30 Pitt Street, Sydney, New South Wales 515 Queen Street, Brisbane, Queensland Melbourne, Victoria Located on Pitt Street in the heart of the Sydney Located on the nort
Slide 24: Pintar Projek Sdn Bhd
PINTAR PROJEK SDN BHD 314009-W Manager of YTL Hospitality REIT 11th Floor Yeoh Tiong Lay Plaza 55 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2117 0088 603 2142 6633 Fax: 603 2141 2703 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com