Vanke Overseas Investment Holding Co., Ltd. · HKEX:1036
Vanke Overseas Investment — Vanke Property (Overseas) — Investor Presentation (September 2015)
15 slides from Vanke Overseas Investment's investor presentation, September 2015
Slide 1: Vanke Property (Overseas) Limited Investor Presentation
Vanke Property (Overseas) Limited Investor Presentation September 2015
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Vanke Property (Overseas) Limited (the “Company” or “VPO”) for the exclusive use of the party to whom the Company delivers this presentation (the “Recipient”). This presentation has been prepared solely for information purpose and does not constitute
Slide 3: Contents
Contents Page Company History 1 2015 Interim Results Highlights 2 Property Investment 4 Property Development 8 Outlook 11
Slide 4: Company History
Company History Wing Tai entered into Winsor was an agreement to renamed as Vanke dispose its entire Property (Overseas) interest in Winsor to 12/12 China Vanke, followed by a general offer from China Completion of a Vanke 5/12 one-for-two rights issue Listed by way of introduction in the Hong 8/15
Slide 5: 2015 Interim Results Highlights
2015 Interim Results Highlights Income Statement Unaudited Unaudited 2015 2014 Change Turnover (HK$’M) 83 86 78 Turnover (HK$’M) 44.5 42.7 4% Gross profit (HK$’M) 34.5 33.0 5% 41 43 45 38 Net profit (HK$’M) 85.1 76.4 11% 2012 2013 2014 1st H 2015 Underlying profit (HK$’M) 17.4 11.8 47% EPS (HK cents
Slide 6: 2015 Interim Results Highlights (Cont’d)
2015 Interim Results Highlights (Cont’d) Shareholders' equity (HK$'M) Balance Sheet Unaudited Audited 30/6/2015 31/12/2014 Change 1,552 1,630 1,279 1,423 1,129 Investment properties 1,561.9 1,494.2 5% (HK$’M) Interest in an associate 428.9 429.4 - (HK$’M) Bank balance and cash 18.1 12.0 51% Net asse
Slide 7: Property Investment
Property Investment Regent Centre Completed in 1996 Two industrial towers, comprising 816 units and a 3-storey carpark podium. Total GFA: 1,030,000 square feet. VPO owns 530 units and the carpark podium. Total GFA: 657,000 square feet, equivalent to 64% of the total GFA. 4
Slide 8: Property Investment (Cont’d)
Property Investment (Cont’d) Passing rent Occupancy HK$/psf % 97 9.0 8.7 95 95 8.3 94 7.9 93 7.7 HK$’M Gross profit % Rental yield, net 63 66 60 4.8 4.5 4.4 4.4 30 31 33 35 2012 2013 2014 1st H 2015 2012 2013 2014 1st H 2015 5
Slide 9: Property Investment (Cont’d)
Property Investment (Cont’d) D No. Property C A A Regent Centre B Reason Group Tower B C Viking Technology & Business Centre D Asia Trade Centre E Ever Gain Plaza Tower E 6
Slide 10: Property Investment (Cont’d)
Property Investment (Cont’d) 7
Slide 11: Property Development
Property Development • West Rail Tsuen Wan West Station TW6 Property Development Project • Jointly developed by New World Development (80%) and VPO (20%) • Residential portion of 675,000 square feet and government portion of 129,000 square feet • Acquired in August 2013 for HK$727.9 million • Number
Slide 12: Property Development (Cont’d)
Property Development (Cont’d) 9
Slide 13: Property Development (Cont’d)
Property Development (Cont’d) 10
Slide 14: Outlook
Outlook Existing assets - Regent Centre - TW6 Project Refinancing of Regent Centre bank loan Acquisition of Wan Chai Lun Fat Street Project Other property acquisition opportunities available to the Group from time to time 11
Slide 15: Thank you! Q&As
Vanke rr Thank you! Q&As
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