Tian An Australia Limited · ASX:TIA
Tian An Australia — H1 2020 Earnings Presentation
12 slides from Tian An Australia's earnings presentation, Aug 14, 2020
Slide 1: June 2020 Results
For personal use only June 2020 Results For the half-year ended 30 June 2020
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Tian An Australia Limited ACN 009 134 114 (TIA) and is general background information about TIA’s activities current as at the date of this presentation. This information is given in summary form and does not pur
Slide 3: Contents
Contents For personal use only 1. Financial Results 2. Project Summary 3. Project Updates The Milton Burwood Square 3
Slide 4: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to 6 months to Change Summarised Profit and Loss June 2020 June 2019 HY to June 2020 Commentary ($M) ($M) ($M) Statutory profit / (loss) after tax 0.3 (2.6) 2.9 Fair value change in Cascade Gardens 1.3 6.7 (5.4) Fair value uplift Ocea
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to 6 months to Change Summarised Profit and Loss June 2020 June 2019 HY to June 2020 Commentary ($M) ($M) ($M) Revenue and Other income 1.3 2.1 (0.8) Interest income Cost of sales - (1.8) 1.8 Impairments - (7.9) 7.9 Asset Revaluation-
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only June 2020 December 2019 Summarised Balance Sheet June 2020 Commentary ($M) ($M) Assets East Coast projects 108.2 60.0 Auburn acquisition West Coast projects 52.1 51.5 Other assets 18.9 18.8 Total Assets 179.2 130.3 Liabilities June 2020 December
Slide 7: Project Updates
Project Updates For personal use only AuburnBurwood Square Square 7
Slide 8: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Carrying Value Total Project Gross Construction Nature of (GST exclusive) Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots Enfield 100%1 TBA 31.3 TBA - - Planning TBA Cascade Gardens 70%
Slide 9: Auburn Square
Auburn Square For personal use only • TIA interest: 50% of project profit • 427 apartments • Estimated Gross Realisation: circa $315 million • Status: Pre-launch • Project end: Oct 2024 9
Slide 10: Cascade Gardens and Enfield
Cascade Gardens Enfield For personal use only • TIA interest: 70% of project profit • TIA interest: 100% • 93 apartments (41% exchanged) • Residential development • Estimated Gross Realisation: circa $100 million • 12,619 sqm site • Status: Construction • Estimated Gross Realisation: TBA • Project e
Slide 11: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Point Grey 100% 49.9 3,080 N/A N/A Planning N/A Sales / Settlement risk on
Slide 12: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 potential lots • 66 luxury apartments (98.5% sold / 98.5% settled) • Size: 275 hectares • Completed in July 2010 • Status: Planning • Available apartments: 1 12