Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — Q1 FY2018 Earnings Presentation
37 slides from Ytl Hospitality Reit's earnings presentation, Nov 22, 2017
Slide 1: First Quarter FY2018 Financial Results
First Quarter FY2018 Financial Results 22 November 2017
Slide 2: Key Highlights – 1Q FY2018
KEY HIGHLIGHTS – 1Q FY2018 • Income available for distribution of RM33.6 FINANCIAL million, +16.3% q-o-q PORTFOLIO • 1.9737 sen distribution per unit (“DPU”) HIGHLIGHTS declared for 1Q FY2018 MANAGEMENT • Properties in Malaysia and Japan under master leases • 1Q FY2018 average occupancy rate for pro
Slide 3: Financial performances 1Q FY2018
1 Financial performances 1Q FY2018 Pangkor Laut Resort Perak Darul Ridzuan, Malaysia
Slide 4: Financial Performance: 1Q FY2018
FINANCIAL PERFORMANCE: 1Q FY2018 1 July - 30 September 1Q FY2018 1Q FY2017 Change Total Revenue 120.5 101.1 + 19.2% (1) - Hotel Revenue (Management Contracts) 89.8 72.5 + 23.8% (2) - Lease Rental (Master Leases) 30.7 28.6 + 7.4% Net Property Income (NPI) 55.1 47.5 + 16.1% - Management Contracts 26.7
Slide 5: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at 30 September 2 01 7 As at 3 0 J une 20 17 RM ('0 00 ) Change (U naudited) (Audited) Investment properties 1,931,529 1,937,647 (0.3%) Property, plant and equipment 1,908,638 1,921,844 (0.7%) Cash & cash equivalents 142,369 142,462 (0.1%) Other assets 43,273 37,25
Slide 6: DPU Performance
DPU PERFORMANCE Total DPU Quarterly Breakdown DPU (sen) 10 8.4613 7.9746 7.8938 8.0838 7.6359 7.3803 1.9306 4Q Total Distributions* 6.4855 6.4855 FY2017 FY2018 1.8364 3Q Cumulative 122.7 33.6 5 4Q 32.9 3Q 31.3 2.2640 2Q 2Q 31.3 1.9737 1Q 27.2 33.6 1Q * In RM mi l l i on 2.0528 1.9737 0 FY2010 FY2011
Slide 7: Quarterly Financial Performances
QUARTERLY FINANCIAL PERFORMANCES FY2016 FY2017 FY2018 TOTALrevenue NETproperty income RM (million) RM (million) 120 19.2% 119.2 120.5 117.1 118.3 120 110.6 111.1 16.1% 101.2 101.1 60 55.5 57.0 57.3 55.1 51.9 47.3 47.8 47.5 60 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 7
Slide 8: Quarterly Financial Performances by Country
QUARTERLY FINANCIAL PERFORMANCES BY COUNTRY 1Q FY2017 1Q FY2018 TOTALrevenue NETproperty income RM (million) RM (million) 100 23.8% 100 89.8 72.5 50 50 7.8% 26.5% 8.2% 26.6 25.2 26.7 24.7 23.3 21.1 4.9 % 4.0% 3.9 4.1 3.1 3.3 0 0 Malaysia Australia Japan Malaysia Australia Japan 8
Slide 9: NPI for Australia in AUD and RM
NPI FOR AUSTRALIA IN AUD AND RM NPI in RM impacted by the foreign exchange effects of the stronger AUD relative to RM 14.8% 26.5% AUD (million) RM (million) 40 12 6 20 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2014 FY2015 FY2016 FY201
Slide 10: NPI for Japan in JPY and RM
NPI FOR JAPAN IN JPY AND RM NPI in RM impacted by the foreign exchange effects of the weaker JPY relative to RM JPY (million) RM (million) 7.0% 4.0% 150 4 3 100 2 50 1 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2014 FY2015 FY2016 FY201
Slide 11: Unit Price Performance
UNIT PRICE PERFORMANCE TRADING STATISTIC YTL Hospitality REIT’s RM Unit Price Movement & Relative Performance to FBMKLCI % Closing price 1 RM1.20 (1 January 2012 to 30 September 2017) Market Cap (RM) 1 RM2,045 mil 1.30 40 Units issued 1 1,704,388,889 Outperform Average daily traded volume for 1.20 3
Slide 12: Capital management
2 Capital management Tanjong Jara Resort, Terengganu, Malaysia
Slide 13: Debt Maturity Profile
DEBT^ MATURITY PROFILE Borrowings in RM Borrowings in AUD 1071.9 * 266.8 65.0 10.0 FY2018 FY2019 FY2020 FY2021 FY2022 Notes: ^ Excluding the effects of capitalised transaction costs. * RM equivalent based on the exchange rate of A$1.00: RM3.31840 as at 30 September 2017. 13
Slide 14: Debt Profile as at 30 September 2017
DEBT^ PROFILE AS AT 30 SEPTEMBER 2017 CURRENCY INTEREST RATE @ Floating AUD RM @ Fixed 18.9% 75.8% 24.2% 81.1% 30 September 2017 30 June 2017 Change Borrowings (RM'000) 1,413,699 1,412,394 + 0.1% Total Asset Value (RM'000) 4,025,809 4,039,206 (0.3%) Gearing (%) 35.1% 35.0% + 0.1 pp Average Interest
Slide 15: Debt Headroom of ~RM2,113 million for Acquisitions
DEBT HEADROOM OF ~RM2,113 million FOR ACQUISITIONS As at 30September2017 Borrowing of RM385million* After completionoftheacquisition RM (million) RM (million) 7,000 7,000 6,524 6,524 6,000 6,000 2,113 2,498 5,000 5,000 3,912 3,912 4,000 4,000 3,000 3,000 Gearing 2,113 limit = 60% 2,498 4,411 2,000 4
Slide 16: Asset management
3 Asset management Vistana Penang Bukit Jambul Pulau Pinang, Malaysia
Slide 17: Luxury Hotels & Serviced Residences in 3 Countries
LUXURY HOTELS & SERVICED RESIDENCES IN 3 COUNTRIES Malaysia (Northern) ASSET breakdown(by Country)(1) Vistana Penang Bukit Jambul Japan Pangkor Laut Resort Hilton Niseko Village Cameron Highlands Resort Malaysia (Eastern) Tanjong Jara Resort Vistana Kuantan City Centre Kuala Lumpur JW
Slide 18: Portfolio Occupancy
PORTFOLIO OCCUPANCY FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 1Q FY2018 Malaysia Under Master Leases Japan Under Master Lease Australia – – 83.1% (1) 84.2% 84.4% 86.4% 86.9% 87.7% Note: (1) For 1 July 2012 to 30 June 2013 which includes certain pre-acquisition period as the properties were ac
Slide 19: Master Leases Expiry Profile
MASTER LEASES EXPIRY PROFILE NETpropertyincome NETpropertyincome (%oftotal *) Master leases (%oftotal *) 40 34 30 20 10 11 7 0 2018 2023 2024 2025 2026 2027 2028 2029 2030 2031 Note: * For 1Q FY2018. 19
Slide 20: Australia Hotel Performances (1 of 2)
AUSTRALIA HOTEL PERFORMANCES (1 OF 2) FY2016 FY2017 FY2018 REVENUEperavailableroom AUD (RevPAR) 300 239 237 237 9.5% 233 216 202 206 197 200 100 0 2Q 3Q 4Q 1Q 20
Slide 21: Australia Hotel Performances (2 of 2)
AUSTRALIA HOTEL PERFORMANCES (2 OF 2) FY2016 FY2017 FY2018 Average occupancy Average daily rate (ADR) % AUD 100 2.8pp 88.8 88.1 87.9 89.5 87.7 86.3 85.0 84.9 300 6.0% 269 265 270 265 246 234 242 232 200 50 100 0 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 21
Slide 22: Appendices
4 Appendices Hilton Niseko Village Hokkaido, Japan
Slide 23: JW Marriott Hotel Kuala Lumpur
JW MARRIOTT HOTEL KUALA LUMPUR No. 183, Jalan Bukit Bintang, 55100 Kuala Address Lumpur A 5-star hotel with 569 rooms located on part of an 8-level podium block and entire 24- level tower block of Starhill Gallery together Description with car park bays located partially at basement 1 and 4 and the
Slide 24: The Ritz-Carlton, Kuala Lumpur – Suite Wing
THE RITZ-CARLTON, KUALA LUMPUR – SUITE WING * Address No. 168, Jalan Imbi, 55100 Kuala Lumpur Parcel 1: 60 units of serviced apartments, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car parks Description Parcel 2: 50 units of serviced apartments and 4 units of p
Slide 25: The Ritz-Carlton, Kuala Lumpur – Hotel Wing
THE RITZ-CARLTON, KUALA LUMPUR – HOTEL WING * Address No. 168, Jalan Imbi, 55100 Kuala Lumpur 22-storey 5-star hotel building comprising Description 251 rooms with 4-storey basement car parks Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 9 years Annual rental (2) RM
Slide 26: Vistana Penang Bukit Jambul
VISTANA PENANG BUKIT JAMBUL No. 213, Jalan Bukit Gambier, Bukit Jambul, Address 11950 Pulau Pinang 17-storey Tower A with 238 hotel rooms and Description 26-storey Tower B with 189 hotel suites with an annexed 3-storey podium 99-year leasehold expiring on 27 October Tenure 2094 Master lease expiry 1
Slide 27: Vistana Kuala Lumpur Titiwangsa
VISTANA KUALA LUMPUR TITIWANGSA No. 9, Jalan Lumut, Off Jalan Ipoh, 50400 Address Kuala Lumpur 17-storey hotel building with 364 rooms and Description 2-storey basement car parks Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 9 years Annual rental (2) RM8.61 million
Slide 28: Vistana Kuantan City Centre
VISTANA KUANTAN CITY CENTRE Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Description 8-storey hotel building with 215 rooms Tenure 99-year leasehold expiring on 11 July 2092 Master lease expiry 14 November 2026 Master lease remaining (1) 9 years Annual rental (2) RM6.30 million No. of rooms 215
Slide 29: Pangkor Laut Resort
PANGKOR LAUT RESORT Pangkor Laut Island, 32200 Lumut, Perak Address Darul Ridzuan 36 units of Garden Villas, 52 units of Hill Description Villas, 8 units of Beach Villas and 1 unit of Pavarotti Suite 99-year registered lease expiring on 21 May Tenure 2095 Master lease expiry 14 November 2026 Master
Slide 30: Tanjong Jara Resort
TANJONG JARA RESORT Batu 8, Off Jalan Dungun, 23000 Dungun, Address Terengganu Darul Iman Description Small luxury boutique resort with 100 rooms 60-year leasehold expiring on 4 December Tenure 2067 Master lease expiry 14 November 2026 Master lease remaining (1) 9 years Annual rental (2) RM7.35 mill
Slide 31: Cameron Highlands Resort
CAMERON HIGHLANDS RESORT By the Golf Course, 39000 Tanah Rata, Address Cameron Highlands, Pahang Darul Makmur 3-storey luxury resort with a 2-storey spa Description village block with 56 rooms and suites and a single storey building 99-year leasehold expiring on 9 December Tenure 2108 Master lease e
Slide 32: Hilton Niseko Village
HILTON NISEKO VILLAGE Address Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido 16-storey hotel building with 1-storey of Description basement comprising 506 rooms Tenure Freehold Master lease expiry 21 December 2026 Master lease remaining (1) 9 years Annual rental (2) RM16.32 million No. of rooms 506 Acqui
Slide 33: Sydney Harbour Marriott
SYDNEY HARBOUR MARRIOTT Address 30 Pitt Street, Sydney, New South Wales 33-storey hotel building with central atrium Description comprising 595 rooms including 3 levels of basement with car parking bays Tenure Freehold No. of rooms 595 Acquisition date 29 November 2012 Valuation (1, 2) AUD420 millio
Slide 34: Brisbane Marriott
BRISBANEMARRIOTT Address 515 Queen Street, Brisbane, Queensland 28-storey hotel building comprising 267 Description rooms with 3 levels of basement with car parking bays Tenure Freehold No. of rooms 267 Acquisition date 29 November 2012 Valuation (1, 2) AUD85 million (RM282.1 million) Notes: 1. As a
Slide 35: Melbourne Marriott
MELBOURNEMARRIOTT Corner Exhibition and Lonsdale Streets, Address Melbourne, Victoria 16-storey hotel building comprising 186 Description rooms with 5 split levels of car park Tenure Freehold No. of rooms 186 Acquisition date 29 November 2012 Valuation (1, 2) AUD78.4 million (RM260.2 million) Notes:
Slide 36: Disclaimer
DISCLAIMER This presentation shall be read in conjunction with YTL Hospitality REIT’s interim financial report for the quarter ended 30 September 2017, a copy of which is available on www.bursamalaysia.com and www.ytlhospitalityreit.com. This presentation is for information purposes only and does no
Slide 37: Pintar Projek Sdn Bhd
PINTAR PROJEK SDN BHD 314009-W Manager of YTL Hospitality REIT 11th Floor Yeoh Tiong Lay Plaza 55 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2117 0088 603 2142 6633 Fax: 603 2141 2703 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com
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