Fantasia Holdings Group Co. Ltd. · HKEX:1777
Fantasia — FY2010 Earnings Presentation
27 slides from Fantasia's earnings presentation, March 2011
Slide 1: 2010 Annual Results Presentation
：1777 Stock Code： 2010 Annual Results Presentation March 2011
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fantasia Holdings Group Co., Limited (the “Company”) solely for use at the presentation regarding the Company and its subsidiaries (collectively, the “Group”). No representation or warranty (whether express or implied) is made as to the fairness, acc
Slide 3: Agenda: Company Overview
Section 1 Company Overview 2010 Market Review and Business Review 2010 Operational Highlights 2010 Financial Highlights 2011 Market Outlook and Corporate Strategy Appendix 2 3
Slide 4: Company Overview
Company Overview Chengdu-Chongqing Economic Zone: Chengdu, Dali Geographical Pearl River Delta: Shenzhen, Dongguan, Huizhou, Guilin Positioning Yangtze River Delta: Suzhou, Yixing, Wuxi, Nanjing Beijing-Tianjin Metropolitan Region: Tianjin Product Urban Complexes Positioning Boutique Upscale Residen
Slide 5: Agenda: 2010 Market Review and Business Review
Section 2 Company Overview 2010 Market Review and Business Review 2010 Operational Highlights 2010 Financial Highlights 2011 Market Outlook and Corporate Strategy Appendix 2 5
Slide 6: 2010 Market Review
2010 Market Review The government continued to put forward severe and stringent macro control measures in 2010. China’s property market has experienced cyclical volatilities. With rigid demand, anticipation of high inflation and huge liquidity in the market, prices of land and commodity residential
Slide 7: 2010 Business Review
2010 Business Review We have entered into four core regional cities, namely Guilin, Dali, Wuxi and Nanjing, extending our footprint from 7 to 11 cities and enabling a more balanced business coverage. We have acquired approx. 4.45 million sqm of GFA land in 2010, so that our planned GFA of the land b
Slide 8: Agenda: 2010 Operational Highlights
Section 3 Company Overview 2010 Market Review and Business Review 2010 Operational Highlights 2010 Financial Highlights 2011 Market Outlook and Corporate Strategy Appendix 2 8
Slide 9: More Diversified Revenue
More Diversified Revenue Contracted sales breakdown by region No. of projects and cities of contracted sales 2009 2010 Yangtze River Beijing Tianjin Beijing-Tianjin Delta 6.0% 13% Yangtze River 15 5% 14 Delta Chengdu- 4% Chengdu- Chongqing Pearl River Pearl River Delta Chongqing 37% 52% Delta 52% 7
Slide 10: High-quality Low-cost Land Bank
High-quality Low-cost Land Bank （as at 31 December 2010） ） Land bank with land use right Land bank with framework agreement GFA Product Avg. Cost GFA Product City Project City Project Interest （ sq.m） ） Category (RMB/sqm) (sq.m) Category Love Forever 63,870 Mid-to-high End 796 Chengdu Pixian Project
Slide 11: Newly Acquired Land in 2010: Expanding Quality Land Bank
：Expanding Quality Land Bank Newly Acquired Land in 2010： GFA Avg. Cost City Project Product Category Interest (sq.m) (RMB/sqm) Suzhou Lago Paradise Boutique Upscale Residence 533,121 100% 1,522 Dali Human Art Wisdom Mid-to-high End Residence 76,796 100% 678 Guilin Gaohua Project Boutique Upscale Re
Slide 12: Enhancing Brand Influence
Enhancing Brand Influence －Company Level Winning Awards－ In January 2010, “2009 Top Ten Brand Developer in Shenzhen”; In March 2010, “2010 China Real Estate Top 100 Enterprises” by China Real Estate Top10 Research Group； In March 2010, “2010 Low-Carbon Model for China Real Estate Enterprises” by Chi
Slide 13: Upgrading Property Service and Business Operating Capacity
Upgrading Property Service and Business Operating Capacity In 2010, our property agency, property operation and hotel services also achieved sustainable growth. Revenue from non-property development businesses 180.0 150.8 136.6 120.0 (RMB mn) 60.0 0.0 2009 2010 13
Slide 14: Agenda: 2010 Financial Highlights
Section 4 Company Overview 2010 Market Review and Business Review 2010 Operational Highlights 2010 Financial Highlights 2011 Market Outlook and Corporate Strategy Appendix 2 14
Slide 15: 2010 Financial Highlights
2010 Financial Highlights Sustainable Profit Growth： - Revenue RMB 4.47bn, a YoY increase of 81.9%; - Net Profits RMB 807mn, a YoY increase of 116.2%; - EPS RMB 0.17, a YoY increase of 70.0% - Proposed dividend per share: 4 HK cents Robust Financial Position： - Cash on hand was RMB 2.46bn； - Unutili
Slide 16: Sustainable Business Growth
Sustainable Business Growth Rmb mn 2010 2009 Change % Revenue 4,471 2,459 81.9% Gross profit 1,925 1,027 87.4% EBITDA (1) 1,593 803 98.5% Net profit attributed to owners of the company 807 373 116.2% Earnings per share (RMB) 0.17 0.10 70.0% Gross margin 43.0% 41.8% EBITDA (1) margin 35.6% 32.6% Net
Slide 17: Prudent Financial Management
Prudent Financial Management As of As of Rmb mn Change % ‘31 Dec 2010 ‘31 Dec 2009 Cash(1) 2,457 3,886 (36.8%) Non-restricted cash 2,371 3,696 (35.8%) Total assets 15,382 11,453 34.3% Short-term debt 2,132 1,266 68.4% Long-term debt 3,430 2,174 57.8% Total debt 5,562 3,440 61.7% Shareholders’ equity
Slide 18: Agenda: 2011 Market Outlook and Corporate Strategy
Section 5 Company Overview 2010 Market Review and Business Review 2010 Operational Highlights 2010 Financial Highlights 2011 Market Outlook and Corporate Strategy Appendix 2 18
Slide 19: 2011 Market Outlook
2011 Market Outlook Anti-inflation is expected to be the key theme of China’s macro economic policies and liquidity is anticipated to shrink. Scale of borrowings will be further squeezed and bank loan interest will likely hike further as a result. China’s property market is estimated to gradually de
Slide 20: 2011 Corporate Strategy
2011 Corporate Strategy To be responsive to unforeseen market change with a flexible sales strategy, we are committed to grow rapidly towards a much larger property company. To implement hierarchical development strategy for branch companies and continue to enhance the Group’s management and control
Slide 21: 2011 Target
2011 Target 2011 Target Contract Sales (RMB mn) 6,000 GFA of newly commenced projects ('000 sqm) 1,400 GFA of completed projects ('000 sqm) 650 GFA of available for sale projects ('000 sqm) 1,500 21
Slide 22: Agenda: Appendix
Section 6 Company Overview 2010 Market Review and Business Review 2010 Operational Highlights 2010 Financial Highlights 2011 Market Outlook and Corporate Strategy Appendix 2 22
Slide 23: Appendix I: 2010 Contract Sales Breakdown
：2010 Contract Sales Breakdown Appendix I： GFA Sold Contract sales ASP City Projects (sq.m) ('000 RMB） （ RMB/sq.m） Flower Harbor 2,135 44,292 20,745 Shenzhen Future Plaza 7,338 219,283 29,882 Love Forever 34,377 680,129 19,785 Hailrun Plaza 19,442 356,626 18,344 Fantasia Town 59,936 253,645 4,232 Lo
Slide 24: Appendix II: 2010 Debt Structure
：2010 Debt Structure Appendix II： Period As at 31 Dec, 2010 As at 31 Dec, 2009 (RMB mn) (RMB mn) Within 1 year 1,933 1,266 Between 1 and 2 years 1,860 1,422 Between 2 and 5 years 1,663 727 Over 5 years 106 25 Total 5,562 3,440 24
Slide 25: Appendix III: 2010 Investment Properties Breakdown
：2010 Investment Properties Breakdown Appendix III： GFA Company's Project Type (sq.m) Interest Shenzhen My place Commercial 11,100 52% Shenzhen Meinian Plaza Office building 34,409 100% Chengdu Love forever Commercial 8,248 100% Guilin Zhongding Office building 3,179 100% Total 56,936 25
Slide 26: Appendix IV: 2011 Planned Newly Commenced Projects Breakdown
：2011 Planned Newly Commenced Projects Breakdown Appendix IV： GFA City Project Product Category (sq.m) Fantasia Town Phase 3 Mid-to-high End Residence 188,000 Chengdu Funian Plaza Urban Complex 165,000 Dali Human Art Wisdom Mid-to-high End Residence 76,800 Dongguan Wonderland Boutique Upscale Reside
Slide 27: Appendix V: 2011 Planned Completed Project Breakdown
：2011 Planned Completed Project Breakdown Appendix V： GFA City Project Product Category (sq.m) Shenzhen Love Forever Mid-to-high End Residence 64,000 Dongguan Mont Conquerant Boutique Upscale Residence 123,000 Huizhou Fantasia Special Town Phase 1 Mid-to-high End Residence 72,400 Meinian Int'l Plaza
Fantasia Holdings Group — FY2010 Earnings Presentation on 6ix