New World Development Co. Ltd. · HKEX:17
New World Development — 1HFY2017 Earnings Presentation
18 slides from New World Development's earnings presentation, February 2017
Slide 1: The Artisanal NEW WORLD – FY2017 Interim Results
The Artisanal NEW WORLD FY2017 Interim Results
Slide 2: Disclaimer – Important Notice
DISCLAIMER 2 DISCLAIMER - IMPORTANT NOTICE 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 suggestio
Slide 3: Corporate Structure
CORPORATE STRUCTURE 3 NEW WORLD DEVELOPMENT COMPANY LIMITED HK Stock code: 0017/ US ADR: NDVLY Hong Kong property development Hong Kong property investment NEW WORLD CHINA LAND LIMITED Mainland China property (Wholly owned subsidiary) NWS HOLDINGS LIMITED (HK stock code: 0659) NEW WORLD Mainland Chi
Slide 4: Highlights
HIGHTLIGHTS 4 HK property development • Robust execution in property sales: surpassed FY2017 HK$10 bn contracted sales target in just 7 months • Unique and ample saleable resources: approximate 1,700 residential units HK property investment • Defensive portfolio with pioneered concepts delivers stab
Slide 5: Financials
FINANCIALS 5 Results summary (HK$ million) 1HFY2017 1HFY2016 Revenues 26,639.4 33,778.2 Profit attributable to shareholders 4,335.7 3,300.0 Underlying profit 5,001.3 3,281.4 Financial position (HK$ million) As at 31 Dec 2016 As at 30 Jun 2016 Cash & bank balances 68,206.3 55,170.8 Net debt 73,050.2
Slide 6: Segment Performance
SEGMENT PERFORMANCE 6 Segment results (HK$ million) 1HFY2017 1HFY2016 (1) Property development Hong Kong 1,601.0 2,767.2 Mainland China 2,656.4 1,286.1 4,257.4 4,053.3 (2) Property investment Hong Kong 619.6 602.5 Mainland China 293.0 408.0 912.6 1,010.5 (3) Hotel operations Hong Kong 90.7 89.6 Main
Slide 7: HK Property Sales
HK PROPERTY SALES 7 HK attributable contracted sales Sales proceeds/ HK$ bn 2016.01.01 – 2016.06.30 3.72 2016.07.01 – 2016.12.31 4.73 2017.01.01 – 2017.02.12 5.62 CY2016 8.45 FY2017 (up to 2017.02.12) 10.35
Slide 8: HK Property Sales – Upcoming Launches
HK PROPERTY SALES 8 Upcoming major new launches No of units MOUNT PAVILIA 680 ARTISAN HOUSE 250 PARK VILLA 51 HEUNG SZE WUI RD PROJECT 100 TONG YAN SAN TSUEN PROJECT 112 THE PAVILIA BAY (Remaining units as at 12 Feb 2017) 239 Subtotal A 1,432 NWD inventory (as at 12 Feb 2017) 37 JV inventory (as at
Slide 9: Mainland China Property Sales
MAINLAND CHINA PROPERTY SALES 9 Contracted sales 1HFY2017 1HFY2016 Sales proceeds/ RMB mn 12,786 12,359 Overall ASP/ RMB 19,548 16,828 Contracted sales in 1HFY2017 by region Southern China 44% Central China 17% Northern China 22% North-eastern China 17% Total 100% Estimated completion in FY2017 Prop
Slide 10: HK Landbank
HK LANDBANK 10 OLD BUILDING REDEVELOPMENT PUBLIC TENDER FARMLAND CONVERSION Unique location Sizeable development Unlock hidden value HK attributable landbank as at mid-Feb 2017 Hong Kong ready land (by GFA) 10.0 million sq ft - Residential usage (by GFA/ % of total) 5.0 million sq ft (50%) Farmland
Slide 11: Mainland China Landbank
MAINLAND CHINA LANDBANK 11 STRONG CAPABILITIES TO EXPLORE NEW OPPOUTUNITIES Focus in key cities and has set the scenes in developing major landmark projects that offer enormous potential CHINA landbank Development property landbank Over 10 mn sq m Completed investment properties Over 2 mn sq m Key g
Slide 12: New Acquisition – Hong Kong
NEW ACQUISITION – HONG KONG 12 New projects acquired Key usage NWD Approx. attri .GFA/ sq ft Mid Levels Seymour Rd project Residential 35% 165,000 Kowloon East Industrial Projects Industrial 100% 262,000 Kowloon West Tonkin St project Residential 100% 233,000 Kowloon West King Lam St project* Office
Slide 13: New Acquisition – Mainland China
NEW ACQUISITION – MAINLAND CHINA 13 New projects acquired Key usage NWD Approx. attri .GFA/ sq m Shenzhen Qianhai project Office 30% 51,000 Shenzhen Prince Bay project – Parcel A Commercial 51% 113,000 Commercial/ office/ Shenzhen Prince Bay project – Parcel B 49% 78,000 serviced apartment Total 242
Slide 14: Investment Properties
INVESTMENT PROPERTIES 14 Office Occupancy New World Tower, Central 99% Manning House, Central 97% Mall Occupancy HK K11, TST 100% D‧PARK, Tsuen Wan 99% Pearl City, Causeway Bay 100% Telford Plaza, Kowloon Bay 100% POPCORN II, Tseung Kwan O 100% HK gross rental income up 5.5% Office - Positive rental
Slide 15: Investment Properties – Shanghai K11
INVESTMENT PROPERTIES 15 Shanghai K11 - Sustainable “Art x Commerce” K11 business model, creating a museum retail concepts, office and residences in Greater China - 2016: One for fashion and photography lovers, BAGISM is an exhibition of over 300 handbags dating from 400 years ago to the present day
Slide 16: Investment Properties – New World Centre Redevelopment
INVESTMENT PROPERTIES 16 New World Centre Redevelopment • Total GFA: 3 mn sq ft • Current status: Project progress as scheduled • Focus: New landmark in Hong Kong
Slide 17: Hotel Operations
HOTEL OPERATIONS 17 Location No of hotels Hong Kong 6 China 8 SE Asia 3 Total 17 Occupancy ADR Hotels/ 1HFY2017 Location Room (%) (HK$) Grand Hyatt HK Wanchai 545 78 3,100 Renaissance Harbourview Wanchai 861 83 1,900 Hyatt Regency TST TST 381 92 1,900 Hyatt Regency Sha Tin Sha Tin 559 89 1,300 penta
Slide 18: New World Development Company Limited
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