New World Development Co. Ltd. · HKEX:17
New World Development — FY2013 Earnings Presentation
16 slides from New World Development's earnings presentation, Sep 26, 2013
Slide 1: FY2013 Annual Results
FY2013 Annual Results 26 September 2013 New World ‧ One Step Forward ‧ We Create New Living Experience
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by New World
Slide 3: Corporate structure
Corporate structure HK stock code: 17 Hong Kong Property Development and Investment NWS (HK stock code: 659) NWCL (HK stock code: 917) NWDS (HK stock code: 825) Infrastructure & Service Mainland Property Mainland Department Store 61.1% 69.8% 72.3% As at 30 June 2013 New World ‧ One Step Forwar
Slide 4: Financial highlights
Financial highlights Property development Revenues Underlying profit Segment results segment results HK$ 46,779.9 mil HK$ 6,327.3 mil HK$ 16,484.8 mil HK$ 7,338.5 mil ↑31% ↑26% ↑24% ↑39% As at 30 June 2013 New World ‧ One Step Forward ‧ We Create New Living Experience 4
Slide 5: Financial highlights
Financial highlights (HK$ million) FY2013 FY2012 Change Revenues 46,779.9 35,620.1 ↑ 31% Total segment results 16,484.8 13,241.6 ↑ 24% Other gains, net 999.0 1,924.5 ↓ 48% Changes in fair value of investment properties 7,460.8 4,902.7 ↑ 52% Profit attributable to shareholders 14,148.7 10,139.0 ↑ 40%
Slide 6: Financial highlights
Financial highlights Segment results (HK$ million) FY2013 FY2012 Change Property development 7,338.5 5,274.0 ↑ 39% Property investment 2,996.4 2,016.9 ↑ 49% Service 1,708.5 1,907.2 ↓ 10% Infrastructure 2,462.0 2,343.7 ↑ 5% Hotel operations 450.2 609.6 ↓ 26% Department stores 743.7 766.1 ↓ 3% Telecom
Slide 7: Property development
Property development FY2013 property development performance No. of residential unit sold in Hong Kong: 2,669* units, up 204% Projects launched in Hong Kong * Source: Government website/ Company data New World ‧ One Step Forward ‧ We Create New Living Experience 7
Slide 8: Hong Kong property sales
Hong Kong property sales Contracted sales in key residential properties* * Source: Government website/ Company data No of units sold No of units sold No of units sold Key projects Total units sold (1 Jul 12 – 31 Dec 12) (1 Jan 13 – 30 Jun 13) (1 Jul 13 – 22 Sep 13) The Masterpiece, TST 6 1 - 7 The S
Slide 9: Hong Kong property launches
Hong Kong property launches Upcoming key launches Location NWD Total GFA/ sq ft Attri GFA/ sq ft Land source A. Presale consent application submitted Austin Station project Site C (JV project) South West Kowloon 50% 543,324 271,662 MTRC tender Hung Shui Kiu project Yuen Long 100% 79,664 79,664 Agric
Slide 10: Hong Kong landbank
Hong Kong landbank Hong Kong ready landbank Attributable GFA: 9,274,291 sq ft, 60% is residential use Ready landbank by location Attributable GFA (sq ft) Hong Kong Island 692,969 Kowloon 4,385,962 New Territories 4,195,360 Hong Kong farmland landbank Attributable land area: 18,897,320 sq ft Farmland
Slide 11: Hong Kong landbank
Hong Kong landbank Location Attri. GFA (sq ft) % HK Island 692,969 8% - North Point 229,320 Landbanking replenishment strategy: - Tin Hau 337,064 equal emphasis on… - Happy Valley 57,965 - Mid Levels 26,334 - Western District 42,286 Public auction and tender Kowloon 4,385,962 47% - Tsim Sha Tsui & S
Slide 12: Rental operations
Rental operations Investment property performance HK gross rental income: HK$ 1,460.5 mil Major project rental performance Average occupancy New World Tower, Central 96% Manning House, Central 98% K11, TST 99% Pearl City, Causeway Bay 100% Discovery Park Mall, Tsuen Wan 96% Telford Plaza, Kowloon Ba
Slide 13: Rental operations
Rental operations Hong Kong completed investment property portfolio Attributable GFA: 8,541,702 sq ft Asset enhancement program - New World Tower: podium asset enhancement work was completed in Dec 2012 - Manning House: upgrading to most of its common areas in the office portion was completed in Jun
Slide 14: Hotel operations
Hotel operations We have 16 hotel properties in Hong Kong, China and South East Asia Grand Hyatt, Renaissance Harbour Hyatt Regency, Hyatt Regency, Wan Chai** View, Wan Chai TST Sha Tin ADR: HK$ 3,303 ADR: HK$ 2,153 ADR: HK$ 2,137 ADR: HK$ 1,319 Occupancy: 67% Occupancy: 72% Occupancy: 87% Occupancy
Slide 15: Hotel operations
Hotel operations Hotel properties geographic coverage (as at 30 June 2013) Location No. of hotels No. of rooms Hong Kong 6 3,489 China 7 2,722 The brands of South East Asia 3 1,464 Rosewood Hotel Group Total 16 7,675 Ultra luxury Deluxe Neighborhood lifestyle New World ‧ One Step Forward ‧ We
Slide 16: One Step Forward, We create new living experience
One Step Forward We create new living experience New World ‧ One Step Forward ‧ We Create New Living Experience 16
New World Development Company — FY2013 Earnings Presentation on 6ix