Ying Li International Real Estate Limited · SGX:5DM
Ying Li International Real Estate — FY2012 Earnings Presentation
27 slides from Ying Li International Real Estate's earnings presentation, 2013
Slide 1: 4Q & FY 2012 Results Presentation
Chongqing Jiefangbei CBD 4Q & FY 2012 Results Presentation
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of Ying Li or the Group, or industry results, to be materially different from any fut
Slide 3: Agenda
Agenda 1. Financial Results 2. Sector / Industry Updates 3. Business Updates 4. Appendix 3
Slide 4: Financial Results
Financial Results 4
Slide 5: 4Q 2012 – Consolidated Income Statement
4Q 2012 – Consolidated Income Statement 4Q 2012 (RMB’000) 4Q 2011 (RMB’000) % CHANGE Revenue 158,790 491,048 (67.7%) Sales of Properties 131,690 478,253 (72.5%) Rental Income 27,100 12,795 111.8% Gross Profit 69,027 199,929 (65.5%) Gross Profit Margin 43.5% 40.9% +2.6pp Other Income 6,972 14,836 (53
Slide 6: FY 2012 – Consolidated Income Statement
FY 2012 – Consolidated Income Statement Jan - Dec 2012 (RMB’000) Jan - Dec 2011 (RMB’000) % CHANGE Revenue 585,220 593,495 (1.4%) Sales of Properties 501,182 547,091 (8.4%) Rental Income 84,038 46,404 81.1% Gross Profit 256,805 233,977 9.8% Gross Profit Margin 43.9% 39.4% +4.5pp Other Income 17,057
Slide 7: Revenue Contribution
Revenue Contribution Sales Revenue (RMB million) 600 547.1 - 8.4% Mainly from 501.2 recognition of 478.3 500 cumulative contracted pre-sales 400 of IFC office 300 200 125.1 136.8 131.7 88.5 107.6 100 31.2 18.9 27.9 22.1 0 FY 09 FY 10 FY 11 FY 12 1Q 11 1Q 12 2Q 11 2Q 12 3Q 11 3Q 12 4Q 11 4Q 12 Rental
Slide 8: Note – Consolidated Income Statement
Note – Consolidated Income Statement Sales of Properties • 2009-2010 were the periods where IFC was under construction. Substantial portion of other projects prior to IFC, such as Future International mall was held for capital appreciation and recurring income, thus it had resulted in lower sales in
Slide 9: 4Q 2012 – Statement of Financial Position
4Q 2012 – Statement of Financial Position (RMB’000) 31 Dec 12 31 Dec 11 Total Assets 7,375,119 5,934,825 Total Liabilities 4,141,761 3,057,821 Total Equity 3,233,358 2,877,004 Cash and Cash Equivalents 758,974 342,845 * Net Gearing Ratio 54.5% 55.4% Total Debts to Total Asset 34.2% 32.6% * The incre
Slide 10: Business Updates
Business Updates D 10
Slide 11: Occupancy Rate from major Existing Properties (to-date)
Occupancy Rate from major Existing Properties (to-date) Targeted to be opened in 4Q 2013 High Zone Office Leased / Sold 30.5% Mid Zone Office Leased / Sold 84.4% Low Zone Office Leased / Sold 63.2% Commercial Occupancy Rate 83.0% International Plaza Mall Future International (Commercial) (Commercial
Slide 12: Business Updates – Ying Li IFC Office
Business Updates – Ying Li IFC Office Ying Li IFC Office • Leasing activities continue to progress smoothly. Existing tenants include : DBS bank, OCBC bank, Deloitte & Touche, Capitaland, CBRE, JCDecaux, NYK Logistics, Yum! Brands (KFC), Taikang Insurance, Chongqing Departmental Store, Glenview Ho
Slide 13: Business Updates – Ying Li IFC Mall
Business Updates – Ying Li IFC Mall Ying Li IFC Retail Mall • New tenants: Just Cavalli, international renowned Italian fashion brand by Italian fashion designer, Roberto Cavalli Blumarine, iconic fashion brand by award winning designer Anna Molinari and Gianpaolo Tarabini Beler, well-known Ch
Slide 14: Business Updates – Ying Li International Plaza
Business Updates – Ying Li International Plaza Ying Li International Plaza Construction Progress Blk 3 Blk 1 Blk 2 Blk 4 Retail Podium Retail Podium *Photos as at Feb 2013 Ying Li Int’l Plaza (as at Feb 13) Construction Progress Total Floors Block 1 38th Floor 50 Block 2 41st Floor 46 Block 3 Struct
Slide 15: Business Updates – Ying Li International Plaza (cont.)
Business Updates – Ying Li International Plaza (cont.) Ying Li International Plaza Retail Mall • Ongoing construction progressing smoothly at Ying Li International Plaza Retail Mall • Expected to soft launch the retail mall before end of the year 15
Slide 16: Business Updates – Ying Li International Plaza (cont.)
Business Updates – Ying Li International Plaza (cont.) Ying Li International Plaza Pre-Sales % Units Sold (to date) 99.3% 99.7% 99.5% 95.9% 88.3% Cumulated Contracted ASP to-date = RMB 10,682/sqm Cumulated contracted pre-sales to-date = RMB 914 m Phase 1 Phase 2 Phase 3 PhasePhase 4 + 4.1 4 + 4.2 Ph
Slide 17: Business Updates – San Ya Wan Phase 2
Business Updates – San Ya Wan Phase 2 Prime location land bank in Chongqing - Strategically located in the heart of Liangjiang New Area - next to the airport highway and is about 10 minutes from Chongqing International and Domestic Airport - a MRT station is located nearby - nearby is the largest
Slide 18: Business Updates – San Ya Wan Phase 2 (cont.)
Business Updates – San Ya Wan Phase 2 (cont.) Pending final approval, the overall plot ratio for total Phase 1, Phase 1A and Phase 2 will be increased from 1.5x to 1.9x As the GFA constructed for Phase 1 and Phase 1A had been completed and fully Phase 2 sold, all the remaining GFA will be constr
Slide 19: Business Updates – San Ya Wan Phase 2 (cont.)
Business Updates – San Ya Wan Phase 2 (cont.) San Ya Wan Phase 2 • Covering an approximately 89,700 sqm site area, earthwork at San Ya Wan Phase 2 has begun and is progressing smoothly • We have started the project design phase and expect to complete the project in stages in 2015 to 2016 19
Slide 20: San Ya Wan Phase 2 – Artist Impression
San Ya Wan Phase 2 – Artist Impression Artist Impression 20
Slide 21: Business Updates – Chongqing Financial Street Project
Business Updates – Chongqing Financial Street Project Chongqing Financial Street Project • Ongoing earthwork progressing smoothly at Chongqing Financial Street Project • Completion of project will be in stages from 2015 to 2016 21
Slide 22: Thank You
Thank You For further information, please contact: Mr. Liew Kah Khong Mr. Ronald Ng Head, Strategic Development & Investor Relations Manager, Investor Relations Tel : (65) 6334 9059 Tel : (65) 6334 9056 Email : liewkk@yingligj.com Email : ronald.ngyz@yingligj.com Please visit our website at www.ying
Slide 23: Appendix
Appendix D 23
Slide 24: Chongqing Economic indicators
Chongqing Economic indicators Chongqing 2012 Economic Indicators Indicators Unit Value Change y-o-y (%) GDP RMB billion 1,145.90 13.6% Industrial Output RMB billion 1,310.40 18.0% Fixed Asset Investment RMB billion 938.00 22.9% Foreign Direct Investment (FDI) US$ billion 10.53 0.0% Retail Sales RMB
Slide 25: Chongqing’s Investment Landscape
Chongqing’s Investment Landscape • Chongqing’s Investment Landscape • Toshiba Corporation is set to build its global laptop base, mainly manufacturing high-end laptops and tablet PCs, in Chongqing • Chongqing has attracted more than 225 Fortune 500 companies with industrial enterprises accounting 82
Slide 26: Chongqing’s Property Landscape
Chongqing’s Property Landscape • Chongqing’s Property Landscape for 4Q 2012 • Chongqing Grade A office market performed remarkably by absorbing 53,742 sqm in 2012, up 177.2% y-o-y, a record high since 2005# • Chongqing Grade A office rental rate increased 12.0% y-o-y to RMB 90.3 per sqm per month #
Slide 27: Chongqing Political Landscape
Chongqing Political Landscape • Chongqing New Party Secretary – Mr. Sun Zheng Cai (孙政才) • The youngest newly appointed member to the new 25-member Politburo • Taking over from Mr. Zhang Dejiang, whom was promoted to the seven- member Politburo Standing Committee • 2009 – 2012: Served as Party Secret
Ying Li International Real Estate — FY2012 Earnings Presentation on 6ix