Sunevision Holdings Ltd. · HKEX:1686
Sunevision — H1 2021 Earnings Presentation
21 slides from Sunevision's earnings presentation, February 2021
Slide 1: 1H20/21 Results Presentation
1H20/21 RESULTS PRESENTATION (HKSE: 1686) FEBRUARY 2021
Slide 2: Disclaimer
DISCLAIMER 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 SUNeVision Holdings Limited
Slide 3: SUNeVision at a Glance
SUNeVision AT A GLANCE Hong Kong based largest data centre service provider with differentiating capabilities Most Carrier - Cloud Largest Connected Neutral Gateways Scalable Trusted ~27% 10 200+ All 5+2 20 market share1 subsea cable carriers, ISPs major cloud strategic years’ of PoPs3 & other servi
Slide 4: Proven Track Record of Growth Over 20 Years
SUNeVision: PROVEN TRACK RECORD OF GROWTH OVER 20 YEARS 1 2 3 4 20 years track record of Consistently maintained Over HKD16.4bn of total Strong revenue CAGR of developing data centre portfolio industry leading EBITDA margins capital invested over the years1 15% from FY2017–2020 and building strong c
Slide 5: Corporate Highlights
01 CORPORATE HIGHLIGHTS
Slide 6: Corporate Highlights
Sizable and growing addressable market 1 driven by secular tailwinds Largest IDC player with best-in-class assets 2 in strategic locations across Hong Kong Diversified, quality and sticky 3 client base CORPORATE HIGHLIGHTS 4 Strong future growth pipeline SUNeVision is a leading data centre service p
Slide 7: Sizable and Growing Addressable Market Driven by Secular Tailwinds
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY SECULAR TAILWINDS Unprecedented demand for data and traffic continues to drive demand for DC services. HK is a global DC hub in the fastest growing region for DC Demand for data and traffic HK public cloud market1 HK data centre market2 Cloud Softwa
Slide 8: Hong Kong Global Connectivity Hub with Subsea Cables
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY SECULAR TAILWINDS Hong Kong – global connectivity hub with subsea cables concentrated around the city Hong Kong as Key Hub for Data Traffic Growth Japan ✓ Geographical location, strong subsea cable China Korea Tokyo connections & well-established co
Slide 9: Reliable Power Supply and Supportive Government Policies
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY SECULAR TAILWINDS Reliable and abundant power supply and supportive government policies further serve as HK’s competitive advantages for data centre services Reliable and Abundant Power Supply1 Supportive Government Policies2 • HK has 2 power compan
Slide 10: Largest IDC Player with Best-in-Class Assets
2 LARGEST IDC PLAYER WITH BEST-IN-CLASS ASSETS IN STRATEGIC LOCATIONS ACROSS HONG KONG Largest IDC player with 1.4mn sq ft GFA (~27% market share1) and best-in-class assets across HK SUNeVision's Data Centre Portfolio SUNeVision’s Future Pipeline DCs Location GFA (sq ft) Highlights Revitalisation ✓
Slide 11: Scalable Self-Owned Data Centre Portfolio in Strategic Locations
2 LARGEST IDC PLAYER WITH BEST-IN-CLASS ASSETS IN STRATEGIC LOCATIONS ACROSS HONG KONG Scalable and self owned data centre portfolio with strategic locations in Hong Kong SUNeVision’s IDCs are Developed in Strategic Locations in HK Strategic Focus in HK Scale and cluster effect Gateway to China • In
Slide 12: Diversified, Quality and Sticky Client Base
3 DIVERSIFIED, QUALITY AND STICKY CLIENT BASE Diversified clientele with robust and accelerating demand, with top 5 customers accounted for ~43% of data centre revenue Customer Universe Clients’ Demand SUNeVision’s Solution • Demand from hyperscale/ MEGA Plus cloud players ✓ First greenfield site in
Slide 13: Strong Future Growth Pipeline
4 STRONG FUTURE GROWTH PIPELINE SUNeVision to triple its total IT capacity to 200MW+ based on its current pipeline projects Construction of New Data Centres Revitalising Existing Facilities 1 1 TWTL 428 MEGA-i • Combined with JUMBO to strengthen Tsuen Wan cluster • +40% power capacity Completed • Bo
Slide 14: Strong Future Growth Pipeline: Capacity Expansion Plan
4 STRONG FUTURE GROWTH PIPELINE Exciting growth opportunity as TWTL 428 and TKOTL 131 are getting ready for service within the next 24 months, coupling with continual power upgrades and revitalisation projects Capacity Expansion Plan (MW) ~3-4x in Total IT Capacity Up to 130 Up to 260+ (depending on
Slide 15: Industry Veteran Management and Strategic Shareholder Support
5 INDUSTRY VETERAN MANAGEMENT AND STRATEGIC SHAREHOLDER SUPPORT Veteran management and strong backing by strategic shareholder, enabling the fastest and most efficient high-tier data centre build in Hong Kong Industry veteran management Key Leadership Raymond Tong Martin Chan Fiona Lau Alvin Hui Hel
Slide 16: FY20/21 Interim Results
02 FY20/21 INTERIM RESULTS
Slide 17: 1H21 Highlights
1H21 HIGHLIGHTS SUNeVision is pleased to announce another strong interim result ✓ Revenue from continuing operations increased 13% yoy to HK$923mn ✓ Revenue from data centre and IT facilities increased 17% yoy to HK$856mn Financial Results ✓ EBITDA from continuing operations rose 17% yoy to HK$662mn
Slide 18: Solid Revenue Growth Driven by Capacity Expansion
SOLID REVENUE GROWTH DRIVEN BY CAPACITY EXPANSION Healthy revenue growth on the back of increased IT capacity as well as continuing growth from hyperscale and cloud customers Net Revenue1 (HK$mn) Total IT Capacity2: ~70MW IT Occupancy3: ~75% 895 923 832 819 67 91 729 93 89 84 805 856 740 729 644 1H1
Slide 19: Healthy EBITDA Growth with Margin Expansion
HEALTHY EBITDA GROWTH WITH MARGIN EXPANSION Margin expansion as a result of increased economies of scale and improved operating leverage EBITDA and Margin1 Underlying Profit2 (HK$mn) (HK$mn) 72% 69% 69% 45% 43% 41% 42% 65% 64% 41% 1,186 1,005 881 709 670 612 15 42 662 41 565 389 335 628 694 15 571 1
Slide 20: Strong Funding Platform with Competitive Financing Cost
STRONG FUNDING PLATFORM WITH COMPETITIVE FINANCING COST Access to competitively priced bank financing and strong financial support by major shareholder Net debt / EBITDA1,2 Debt structure as of 31 December 2020 (HK$mn) Shareholder's loan 31% Total debt: HK$10.5bn 7.5x 7.3x 7.7x 7.7x HK$3.3bn 1.7x 4.
Slide 21: Thank You
THANK YOU oxahed