Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — Q3 FY2015 Earnings Presentation
21 slides from Ytl Hospitality Reit's earnings presentation, May 21, 2015
Slide 1: Third Quarter 2015 Financial Results
YTL Hospitality REIT – A leading Asia Pacific hospitality REIT Third Quarter 2015 Financial Results 21 May2015
Slide 2: Key Highlights – 3Q FY2015 Results
Key Highlights – 3Q FY2015 Results Revenue is marginally higher at RM107.9 million as compared to RM107.4 million recorded in 3Q FY2014 Net Property Income (“NPI”) improved to RM 54.4 million as compared to RM 52.9 million recorded in 3Q FY2014 1.86 sen distribution per unit (“DPU”) declared for 3Q
Slide 3: Financial Snapshot
Financial Snapshot 3Q FY2015* 3Q FY2014* % change YTD FY2015* YTD FY2014* % change (RM'000) Revenue 107,895 107,365 + 0.5% 323,433 324,624 (0.4%) Net property income 54,427 52,930 + 2.8% 159,242 157,728 + 1.0% Income available for distribution 23,680 30,613 (22.6%) 74,813 86,414 (13.4%) (1) Income d
Slide 4: Financial results: Income statement
Financial results Income statement Fiscal year ended 30 June 3Q FY2015* 3Q FY2014* YTD FY2015* YTD FY2014* (RM'000) Hotel revenue 79,476 78,996 238,291 239,517 Property revenue 28,419 28,369 85,142 85,107 Total revenue 107,895 107,365 323,433 324,624 Property operating expenses (53,468) (54,435) (16
Slide 5: Financial results: Balance sheet
Financial results Balance sheet As at 31.03.2015* As at 30.06.2014 (RM'000) Current assets 166,512 168,045 Non-current assets 3,013,092 3,157,589 Total assets 3,179,604 3,325,634 Current liabilities 77,069 77,197 Non-current liabilities 1,568,700 1,578,771 Total liabilities 1,645,769 1,655,968 Net A
Slide 6: Portfolio performance by country
Portfolio performance by country 3Q FY2015 versus 3Q FY2014 Revenue (RM'000) Net property income (RM'000) 3Q FY2015 3Q FY2014 % change 3Q FY2015 3Q FY2014 % change Australia 79,476 78,996 + 0.6% 27,900 25,972 + 7.4% Malaysia 24,508 24,487 + 0.1% 23,117 23,268 (0.6%) Japan 3,911 3,882 + 0.7% 3,410 3,
Slide 7: Revenue breakdown by country
Revenue breakdown by country Revenue (RM’000) 114,678 113,235 107,895 106,993 107,365 102,581 100,490 102,303 99,796 Note: The variation in the revenue from the Australia portfolio are due to seasonal factors 6
Slide 8: NPI breakdown by country
NPI breakdown by country NPI (RM’000) 70,000 60,000 56,524 57,343 52,930 54,427 50,139 48,274 50,000 45,155 47,472 45,139 30,090 30,998 27,900 40,000 25,972 23,301 21,783 21,155 19,298 19,550 30,000 3,684 2,647 3,214 3,158 3,690 2,685 3,192 3,220 3,410 20,000 23,154 23,210 23,277 23,276 23,268 22,90
Slide 9: Debt profile
Debt profile Gearing details As at 31 March 2015 (RM'000) (1) Total debt 1,581,800 Total assets 3,179,604 Gearing 49.7% (2) Interest cover 2.7x (3) Average interest rate p.a. 4.83% Maturity date of secured loan 23-Nov-17 * Unaudited (1) The debt matures in FY 2017 (2) Calculated as 3Q FY2015 NPI / 3
Slide 10: Details of Australia portfolio performance - 3Q FY2014 versus 3Q FY2015
Details of Australia portfolio performance - 3Q FY2014 versus 3Q FY2015 Average Daily Rate (A$) Occupancy rate (%) RevPar (A$) (1) (1) Change in percentage points 9
Slide 11: Distribution performance
Distribution performance Distribution per unit (sen) 5.65 (1) YTL Hospitality REIT started paying quarterly distributions commencing the financial year ended 30 June 2014 (1) Includes one-off gain on sale of Convertible Preferred Units issued by Starhill Global Real Estate Investment Trust amounting
Slide 12: Distribution time table
Distribution time table Distribution period 1 January to 31 March 2015 Distribution per unit 1.86 sen Distribution timetable Ex-date 3 June 2015 Entitlement Date 5 June 2015 Payment Date 26 June 2015 11
Slide 13: Appendix
Appendix
Slide 14: YTL Hospitality REIT overview
YTL Hospitality REIT overview A unique investment opportunity providing exposure to high quality Asia Pacific hospitality assets 9 luxury hotels, 3 upscale hotels and 1 serviced residence YTL Hospitality REIT overview No. of rooms / Market Asset value NPI breakdown(2) Countries units capitalisation(
Slide 15: Portfolio valuation
Portfolio valuation 3,706 rooms and units located across 3 countries Portfolio overview # of rooms / units Appraised value (RM'000) % of total appraised value JW Marriott Hotel Kuala Lumpur* 561 383,000 12.5% The Residences at The Ritz-Carlton, Kuala Lumpur* 114 239,000 7.8% The Ritz-Carlton, Kuala
Slide 16: A portfolio of upscale and luxury hotels and serviced residences
A portfolio of upscale and luxury hotels and serviced residences 3,706 rooms located across 3 countries Focused on city and destination hotels and resorts managed by best-in-class operators and affiliated with quality global brands Japan Asset breakdown by country(1) Hilton Niseko Village Malaysia (
Slide 17: Luxury hotels and residences Malaysia
Luxury hotels and residences Malaysia The Residences at The Ritz-Carlton, Kuala JW Marriott Hotel Kuala Lumpur The Ritz-Carlton, Kuala Lumpur Lumpur 168, Jalan Imbi and Jalan Yap Tai Chi, 55100 Lot 1308, Jalan Yap Tai Chi, Seksyen 67 Off Address 183, Jalan Bukit Bintang, 55100 Kuala Lumpur Kuala Lum
Slide 18: Luxury hotels Malaysia and Japan
Luxury hotels Malaysia and Japan Pangkor Laut Resort Tanjong Jara Resort Cameron Highlands Resort Hilton Niseko Village Pangkor Laut, 32200 Lumut, Perak Darul Batu 8, Off Jalan Dungun, 23000 Dungun, By the Golf Course, 39000 Tanah Rata, Higashiyama-Onsen, Niseko-town, Abuta-gun, Address Ridzuan Tere
Slide 19: Upscale hotels Malaysia
Upscale hotels Malaysia Vistana Kuala Lumpur Titiwangsa Vistana Penang Bukit Jambul Vistana Kuantan City Centre No.9, Jalan Lumut, off Jalan Ipoh, 50400 Kuala No. 213, Jalan Bukit Gambir, Bukit Jambul, Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Lumpur 11950 Pulau Pinang Located within the hub
Slide 20: Luxury hotels Australia
Luxury hotels Australia Sydney Harbour Marriott Brisbane Marriott Melbourne Marriott Corner Exhibition and Lonsdale Street, Address 30 Pitt Street, Sydney, New South Wales 515 Queen Street, Brisbane, Queensland Melbourne, Victoria Located on Pitt Street in the heart of the Sydney Located on the nort
Slide 21: 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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