Soundwill Holdings Limited · HKEX:878

Soundwill — FY2015 Earnings Presentation

18 slides from Soundwill's earnings presentation, Mar 30, 2016

  1. Slide 1: 2015 Annual Results

    2015 Annual Results Stock code: 878.HK A niche property play with quality assets in Causeway Bay

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the “Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or

  3. Slide 3: 2015 Annual Results Highlights

    2015 Annual Results Highlights Turnover Revenue Revenue by business segments HK$ mil 3,000 Building management Property & other development serviecs 2% (16%) Property 3%(1%) 2,000 leasing 95% (83%) 2 937 2,937 1,000 540 0 FY2014 FY2015 ((Comparative p figures g of 2015 in pparentheses)) Revenue comp

  4. Slide 4: Earnings and Dividends

    Earnings and Dividends Underlying Profit * Basic loss/earnings per share HK$ mil HK$ 1,000 7 6 5 4 500 3 5.77 897 2 1 330 0 -00.18 18 FY2014 FY2015 0 -1 FY2014 FY2015 *Exclude net gain on fair value adjustments on investment *Mainly due to decrease in income recorded from property properties and gai

  5. Slide 5: Net Asset Overview

    Net Asset Overview NAV NAV per share NAV per share breakdown (HK$ bn) (HK$) (as at 31 Dec 2015) HK$ 58 7 58.7 57 9 57.9 25 60 Soundwill Plaza 26.7 53.6 49.1 Other assets – Commercial 50 20 Soundwill Plaza II – Midtown 7.9 Total: 16.5 Total: 16.7 THE SHARP 5.3 37.3 40 Total: 15.0 10 Knutsford Terrace

  6. Slide 6: Balance Sheet Highlights

    Balance Sheet Highlights As at 31 Dec 2014 As at 31 Dec 2015 Change HK$ mil (HK$mil) (HK$mil) Total assets 20,004 19,963 ↓0.20% Net assets 16 663 16,663 16 531 16,531 ↓0 79% ↓0.79% Cash and cash equivalents 1,070 374 ↓65.05% Bank deposit at escrow account 179 346 ↑93.30% Total debt 2 222 2,222 2 137

  7. Slide 7: Financial Ratios

    Financial Ratios Total Debt / Total Equity Debt Maturity (as at 31 Dec 2015) % HK$bil 80% 2 1.3 60% 40% 34 1% 34.1% 1 26.3% 21.7% 20% 13.3% 12.9% 0.8 0 0% 0 FY2011 FY2012 FY2013 FY2014 FY2015 < 1 yr 1 - 5 yrs > 5 yrs Net Debt / EBITDA Interest Cover Times Times Ti 30 26.3 100 80 20 60 53.0 41.3 40 3

  8. Slide 8: Business Overview

    Business Overview

  9. Slide 9: Grade-A Investment Portfolio – Commercial

    Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay Soundwill Plaza, Causeway Bay Times Square 時代廣場  Total leasing GFA : 245,105 sq. ft. Russell St 羅素街  Prime location in one of the world’s most expensive di t i t districts  Destination of cho

  10. Slide 10: Grade-A Investment Portfolio – Commercial

    Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Soundwill Plaza II Midtown, Causeway Bay Times Square Growth Driver  Total leasing GFA : 218,000 sq. ft. 時代廣場  Grand opening in Dec 2014  Midtown POP on 17/F & 18/F – a 15,8

  11. Slide 11: Grade-A Investment Portfolio – Commercial

    Grade-A Investment Portfolio – Commercial New retail complex THE SHARP, Causeway Bay  Total leasingg GFA : 4,800 , sq. q ft. (G/F retail space retained for investment purposes)  Pre-sold all 29 floors on 3 Jan 2013 - GFA : 45,900 sq. ft. - ASP : HK$33 HK$33,600 600 / sq sq. ftft. - Recognized in F

  12. Slide 12: Grade-A Investment Portfolio – Residential

    Grade-A Investment Portfolio – Residential Boutique residences in premium locations WarrenWoods 尚巒, Tai Hang  Occupancy date : Oct 2012  162 outt off 163 units it sold ld  Proceeds : HK$1,212 mil (recognized in FY2012) Status:  [[Skyline y ppenthouse reserved for future sale,, with a GFA of appr

  13. Slide 13: Land Bank & Est. Development Completion Timeline

    Land Bank & Est. Development Completion Timeline Est. year of completion Project location Development plan FY2016 FY2017 「COHO」  Commercial/residential complex comple Tai Hang School St. 書館街  GFA: 23,200 sq. ft.  Kwai Chung  Industrial complex Castle Peak Road 青山公路  GFA: 126,000 126 000 sq. sq

  14. Slide 14: Appendix

    Appendix

  15. Slide 15: Shareholding / Corporate Structure

    Shareholding / Corporate Structure Chairman Other Public Shareholders Madam Grace Foo and family [69.14]% [30.86]% Property P t Assembly A bl & Property P t Property P t Resale Leasing Development No. of issued shares : 285,886,135 shares (as at 31 Jan 2016) 15

  16. Slide 16: SWP Current Tenants (as at Dec 2015)

    SWP Current Tenants (as at 31 Dec 2015) 32-39/F 3-31/F Street level An Iconic An Iconic Luxury Watch British Luxury Brand Brand 16

  17. Slide 17: Unified Projects Overview

    Unified Projects Overview Project Year unified Project status WarrenWoods 尚巒 2009 Completed in 2012 ((Warren St.)) Soundwill Plaza II – Midtown 2010 For lease (Tang Lung St.) Park Haven 曦巒 2010 Completed in 2014 (Haven St.) THE SHARP 2010 Pre-sale completed in 2013 (Sharp St. East & Yiu Wah St.) COH

  18. Slide 18: Thank You

    SS . a Thank Ye

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