Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — FY2018 Earnings Presentation
23 slides from Yoma Strategic's earnings presentation, May 30, 2018
Slide 1: FY2018 Results Presentation
FY2018 Results Presentation
Slide 2: Transition from a real estate company to a more balanced and diversified conglomerate
TRANSITION FROM A REAL ESTATE COMPANY TO A MORE BALANCED AND DIVERSIFIED CONGLOMERATE ▪ In 2014, we set a 2020 target to have at least 50% of our revenue generated by non-real estate businesses and to increase real estate rental income ▪ In FY2018 non-real-estate businesses contributed 60% of revenu
Slide 3: FY2018 Financial Highlights
FY2018 FINANCIAL HIGHLIGHTS S$ million Revenue 140 Gross profit Net Profit attributable to Shareholders 120 115.3 107.8 ▪ Strong growth in Consumer and Automotive & 100 Heavy Equipment segments partially offsetting the slowdown in the Real Estate segment 80 ▪ Gross profit margin decreased from 39.2%
Slide 4: Key Highlights of Non-Real Estate Business
KEY HIGHLIGHTS OF NON-REAL ESTATE BUSINESS REVENUE Automotive & Heavy Equipment Consumers ▪ Non-Real Estate revenue grew 33.0% to a record S$65.2 million driven by the Consumer and Automotive & 14.17 Heavy Equipment businesses ▪ Growth in Automotive & Heavy Equipment business S$ MILLION 10.9 mainly
Slide 5: Key Highlights of Real Estate Business
KEY HIGHLIGHTS OF REAL ESTATE BUSINESS REVENUE Sale of Residences & LDRs Real Estate Rental & Services ▪ For Real Estate sales, the Group launched fewer units for sale in FY2018 as it adjusted its sales strategy after taking into consideration market conditions 19.9 ▪ Real Estate rental & services r
Slide 6: 4Q2018 and FY2018 Profit and Loss Items
4Q2018 AND FY2018 PROFIT AND LOSS ITEMS S$ million 4Q2017 4Q2018 FY2017 FY2018 Increase in Other Income • Telecommunications tower Revenue 48.4 25.1 115.3 107.8 investment recorded a S$8.2 million Cost of sales (30.0) (17.1) (70.2) (68.4) fair value gain Gross profit 18.5 7.9 45.2 39.4 • Tourism-rel
Slide 7: Key Balance Sheet Items
KEY BALANCE SHEET ITEMS S$ million 31 Mar 2017 31 Mar 2018 Development Properties Cash and cash equivalents 34.8 33.4 • Yoma Central project at S$209.7 million Development properties 262.8 356.6 • StarCity's Galaxy Towers at S$113.9 million Land development rights 219.3 219.5 Land Development Rights
Slide 8: Healthy Balance Sheet
HEALTHY BALANCE SHEET NET GEARING IS HEALTHY AT 19.3% 1,200 30% 1,000 25% 800 20% 19.3% 600 15.0% 15% Millions 400 9.4% 10% 200 5% 0.8% 0 -0.6% 0% FY2014 FY2015 FY2016 FY2017 FY2018 -200 -5% Net Debt (LHS) Total Borrowings (LHS) Total Capital (LHS) Net Gearing (RHS) The financial gearing ratio is ca
Slide 9: Business Outlook
BUSINESS OUTLOOK REAL ESTATE CONSUMER LAND FOOD Leading property developer and landlord End-to-end platform in production in Myanmar and distribution of F&B products AUTOMOTIVE & FINANCIAL SERVICES HEAVY EQUIPMENT MOTORS FINANCE Exclusive distributor for leading Enhancing financial services in Myanm
Slide 10: Real Estate
REAL ESTATE Relaunched StarCity’s Galaxy Towers with redesigned units Explore the possibility of applying for condominium status for its projects Sales at The Peninsula Residences Yangon ▪ 96 luxurious private homes set across 26 floors ▪ An initial 30 residences have been made available and are att
Slide 11: Business Outlook
BUSINESS OUTLOOK REAL ESTATE CONSUMER LAND FOOD Leading property developer and landlord End-to-end platform in production in Myanmar and distribution of F&B products AUTOMOTIVE & FINANCIAL SERVICES HEAVY EQUIPMENT MOTORS FINANCE Exclusive distributor for leading Enhancing financial services in Myanm
Slide 12: Heavy Equipment Segment
HEAVY EQUIPMENT SEGMENT NEW HOLLAND REVENUE 40.5% Strong growth in New Holland business S$42.7 million ▪ A total of 911 tractors were sold in FY2018, 29.4% compared to 692 tractors in FY2017 New Holland and JCB are expected to S$30.4 million continue to grow ▪ Continued mechanization of agriculture
Slide 13: Passenger & Commercial Segment
PASSENGER & COMMERCIAL SEGMENT Expanding with more showrooms and dealerships: ▪ Volkswagen showrooms in both Yangon and Mandalay to open in the coming months ▪ Mitsubishi has expanded with 3 dealerships opened in Nay Pyi Taw, Myeik and Yangon ▪ Ducati Mandalay Showroom opened in March 2018 13
Slide 14: Business Outlook
BUSINESS OUTLOOK REAL ESTATE CONSUMER LAND FOOD Leading property developer and landlord End-to-end platform in production in Myanmar and distribution of F&B products AUTOMOTIVE & FINANCIAL SERVICES HEAVY EQUIPMENT MOTORS FINANCE Exclusive distributor for leading Enhancing financial services in Myanm
Slide 15: Building a Comprehensive F&B Platform
BUILDING A COMPREHENSIVE F&B PLATFORM Leading quick service restaurant brand with 23 stores1 ▪ 18 stores in Yangon, 5 stores outside of Yangon ▪ Target opening of 32 stores by March 2019 Adding Little Sheep to its franchise portfolio ▪ First Yangon store planed for fourth quarter of 2018 ▪ Plans to
Slide 16: KFC Expanding Nationwide
KFC EXPANDING NATIONWIDE 23 KFC STORES IN MYANMAR Yangon Stores Mandalay Stores • KFC ONE (Bogyoke) • KFC Plaza @ 78 • KFC Junction Square • KFC The Move (Mingalar • KFC Myanmar Plaza Mandalay) • KFC Dagon Centre 2 • KFC International Airport Taunggyi Stores • KFC Hledan • KFC City Square • KFC Capi
Slide 17: Why Little Sheep
WHY LITTLE SHEEP IN-DEPTH STUDY INTO CONSUMER TASTES AND DINING HABITS Growing Middle Class Burmese enjoy hotpot for The number of consumers at or many reasons above the middle-class salary Social gathering, healthy, customization and bracket is estimated to reach 10 comfort food million by 2020* Bu
Slide 18: Joint Venture with Pernod Ricard
JOINT VENTURE WITH PERNOD RICARD TARGETING LEADERSHIP IN MYANMAR’S WHISKY INDUSTRY Pernod Ricard is the first major global producer of wine and spirits to enter Myanmar World’s second-largest wines and spirits company Myanmar is one of the fastest-growing whisky markets Whisky sales increased 63
Slide 19: Business Outlook
BUSINESS OUTLOOK REAL ESTATE CONSUMER LAND FOOD Leading property developer and landlord End-to-end platform in production in Myanmar and distribution of F&B products AUTOMOTIVE & FINANCIAL SERVICES HEAVY EQUIPMENT MOTORS FINANCE Exclusive distributor for leading Enhancing financial services in Myanm
Slide 20: Yoma Fleet
YOMA WHO ISFLEET WAVE MONEY? EXPECTED TO ACCELERATE ITS GROWTH IN FY2019 No. of vehicles 720 ▪ Fleet size has recorded healthy year-on-year growth 540 in FY2018 ▪ With the establishment of the Group’s Financial 332 Services pillar, Yoma Fleet will be reassigned under Financial Services from FY2019 1
Slide 21: Wave Money on Track to Continue Rapid Growth
WAVE MONEY ON TRACK TO CONTINUE RAPID GROWTH AGENT NETWORK REACH 23,436 AT THE END OF APRIL 2018 Revenues* +42% (MMK) +23% +22% +26% +40% +26% +17% +17% +15% +33% +34% 21 • Revenue includes prepaid airtime sales in addition to money transfer revenues.
Slide 22: Wave Money on Track to Continue Rapid Growth
WAVE MONEY ON TRACK TO CONTINUE RAPID GROWTH WST Transactions* +41% • WST is Wave Shop Transfer, an over the counter money transfer. • WA is Wave Account, a customer account connected to the MSISDN. • WST Transactions includes WST-WST and WST-WA +25% • Transfer Volumes includes WST-WST, WST-WA, WA-
Slide 23: Questions & Answers
STRATEGIC HOLDINGS LTD. QUESTIONS & ANSWERS
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