Road King Infrastructure Limited · HKEX:1098
Road King Infrastructure — H1 2015 Earnings Presentation
12 slides from Road King Infrastructure's earnings presentation, August 2015
Slide 1: 2015 Interim Results Presentation
(incorporated in Bermuda with limited liability) Stock Code: 1098 2015 lnterim Results Presentation August 2015
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by Road King Infrastructure Limited (the “Compan
Slide 3: A Developer and Operator with Sustainable and Healthy Growth
A Developer and Operator with Sustainable and Healthy Growth Updates Q&A RK Shanghai Villa in Shanghai RK Phoenix City in Suzhou Machao Expressway in Anhui Top Foreign-owned Property Developer in China 2
Slide 4: Performance Highlights
Performance Highlights Progressive growth in contracted sales and revenue from property development Sustainable gross profit margin around mid-20% Robust liquidity – stable toll road cashflow + high cash collection ratio from property sales Closely managed leverage position Top Foreign-owned Propert
Slide 5: Contracted sales
Contracted sales Contracted sales (RMB mm) ASP for contracted sales (RMB/sqm) 12,210 11,000 4% 9,563 9,404 10,300 24% 9,900 9,400 5,108 4,133 2012 2013 2014 1H2014 1H2015 2012 2013 2014 1H2015 Contracted sales breakdown by region Contracted sales increased 24% over 1H2014 ASP in 1H2015 increased by
Slide 6: Revenue recognized
Revenue recognized Revenue (HK$ mm) Recognized revenue breakdown by region 12,730 11,456 9,344 18% 4,390 3,722 2012 2013 2014 1H2014 1H2015 Net Profit (HK$ mm) Revenue recognized increasing by 1,023 1,029 18% over 1H2014 853 Net Profit increased by 19% to 19% HK$248 mm in 1H2015 as compared 248 to 1
Slide 7: Land reserve
Land reserve Dec Jun 2014 2015 Total land reserve: 5.3m sqm Total land reserve: over 5.8m sqm In 1H2015, successfully obtained two projects with an aggregate saleable area of about 777,000 sqm Land reserve of over 5.8m sqm for 3 – 4 years development Discipline land acquisition approach and focus in
Slide 8: Toll Road Business
Toll Road Business Cash received from toll road (HK$ mm) Share of toll road revenue (HK$ mm) 523 512 515 968 839 893 12% 245 519 217 462 2012 2013 2014 1H2014 1H2015 2012 2013 2014 1H2014 1H2015 Average daily traffic volume of existing toll roads (mm vehicles) Recurring cash flow stream of HK$500m e
Slide 9: Financial Highlights
Financial Highlights (HK$ mm) 1H2015 1H2014 FY2014 Turnover 4,390 3,722 12,730 Gross profit 993 989 3,334 Gross profit margin 23% 26% 26% Profit attributable to owners of the 228 198 1,005 Company EBITDA1 4,045 3,953 4,013 EBITDA margin 30% 32% 32% Basic earnings per share (HK$) 0.31 0.27 1.37 Divid
Slide 10: Financial Highlights
Financial Highlights (HK$ mm) 1H2015 1H2014 FY2014 Total cash1 4,423 4,407 4,047 Total debt2 15,166 14,293 14,389 Total debt / Total capitalization3 52% 51% 51% Total debt / EBITDA 3.7x. 3.6x 3.6x EBITDA / interest expense 3.3x 3.3x 3.4x Note: 1 Total cash includes pledged bank deposits and bank bal
Slide 11: Debt Profile
Debt Profile Type of borrowings Currency profile of borrowings RMB USD&HKD 43% 51% 47% 57% 49% 53% 2013 2014 1H2015 According to the maturity date of the loan agreements, only HK$3,371m will need to repay in 1 year, which could be covered by cash balance of HK$4,423m as at 30 Jun 2015 Increase the p
Slide 12: Performance overview
Performance overview Contracted sales achieved RMB5,108m in 1H2015, increased by 24% over 1H2014 Progressive growth in ASP increased by 4% to RMB10,300/sqm as compared to property development 2014 business Revenue recognized increasing by 18% to HK$4,390m over 1H2014 Cash received from JV was HK$217
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