Tian An Australia Limited · ASX:TIA
Tian An Australia — H1 2018 Earnings Presentation
12 slides from Tian An Australia's earnings presentation, Aug 10, 2018
Slide 1: June 2018 Results
For personal use only June 2018 Results For the half year ended 30 June 2018
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Tian An Australia Limited ACN 009 134 114 (TIA) and is general background information about TIA’s activities current as at the date of this presentation. This information is given in summary form and does not pur
Slide 3: Contents
Contents For personal use only 1. Overview 2. Financial Results 3. Project Summary 4. Project Updates The Milton Burwood Square 3
Slide 4: Overview
Overview For personal use only Underlying loss of $1.0 million. Statutory loss of $2.8 million. Financial Fair value write-down of Pymble of $1.6 million and Oceanique $0.2 million. New $20 million finance facility with Oasis Star Limited, $7 million undrawn. $22 million financing facility
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to June 6 months to Change Summarised Profit and Loss 2018 June 2017 HY to June 2018 Commentary ($M) ($M) ($M) Underlying profit/(loss) (1.0) 0.01 (1.0) Settlements at SeaSpray Fair value change in Cascade Gardens (1.6) - (1.6) Revalu
Slide 6: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to June 6 months to Change Summarised Profit and Loss 2018 June 2017 HY to June 2018 Commentary ($M) ($M) ($M) Revenue and Other income 1.3 4.6 (3.3) 3 Settlements at SeaSpray Cost of sales (0.5) (2.6) 2.1 Impairments (1.8) - (1.8) Py
Slide 7: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only June 2018 June 2017 Summarised Balance Sheet June 2018 Commentary ($M) ($M) Assets East Coast projects 66.1 10.6 Pymble joint venture West Coast projects 53.9 55.1 Impairment of Oceanique Other assets 15.6 59.3 Settlement of Enfield Total Assets
Slide 8: Project Updates
Project Updates For personal use only Enfield Burwood Square 8
Slide 9: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Carrying Value Total Project Gross Construction Nature of (GST exclusive) Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots The Milton Sales / Settlement risk on 50%1 219.8 2.7 295 295 -
Slide 10: Pymble, The Milton and Enfield
Pymble The Milton Enfield For personal use only • TIA interest: 70% • TIA interest: 50% • TIA interest: 100% • 98 apartments • 295 apartments (100% • Residential development • Estimated Gross Realisation: $113.9 settled) • 12,619 sqm site million • 2,270 sqm retail & commercial • Estimated Gross Rea
Slide 11: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 48.4 3,080 N/A N/A N/A Development Appr
Slide 12: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 potential lots • 66 luxury apartments (94% sold / 94% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved for subdivision • Available apartments: 4 12