Sunland — 1H17 Earnings Presentation
21 slides from Sunland's earnings presentation, February 2017
Slide 1: Half Year Results 2017
HALF YEAR RESULTS 2017 Sunland Group
Slide 2: Group Overview
GROUP OVERVIEW
Slide 3: Sunland: 22 years listed, 34 years as property developer
In 2017, Sunland Group is celebrating 22 years as a listed company on the Australian Securities Exchange and 34 years as a leading property developer, delivering award-winning, design driven communities along Australia’s eastern seaboard. The Group’s core operating segments comprise Residential Hous
Slide 4: Group Narrative and Key Milestones
G R O U P N A R R AT I V E A N D K E Y MI L E S T O N E S CHAPTER ONE CHAPTER TWO CHAPTER THREE CHAPTER FOUR CHAPTER FIVE CHAPTER SIX 1983—1990 1991—1999 2000—2005 2006—2009 2010–2015 2016–BEYOND PIONEERING YEARS CREATIVE INNOVATION NATIONAL EXPANSION GLOBAL GROWTH STRATEGIC EVOLUTION NEW HORIZONS [
Slide 5: National Portfolio
N AT I O N A L P O R T F O L I O The Group’s portfolio comprises approximately 5,800 residential homes, urban land lots and multi-storey apartments, representing $3.8 billion.* RESIDENTIAL MULTI-STOREY URBAN TOTAL HOUSING # # # # 2,667 1,596 1,505 5,768 $M $M $M $M 2,446 1,088 300 3 ,8 3 4 *THIS FIG
Slide 6: Key Results
K E Y R E S U LT S S UNLAND C ONT INUES T O CA PITA LISE ON T HE DELIVERY OF IT S P R EMIUM P OR TFOLIO, WITH A PA RT ICULA R FOCUS ON ST RAT EGIC SIT ES IN SOUT H - EAST Q UEENSL A ND. EARNINGS ARE UNDERPINNED BY PRESALES OF PROJECTS SCHEDULED KEY OPERATIONAL HIGHLIGHTS FOR PERIOD ENDING 31 DECEMBE
Slide 7: Capital Management and Portfolio Milestones
F Y 17 M I L E S T O N E S CAPITAL MANAGEMENT PORTFOLIO ■■ The Group announced a 10% share buy back in December to ■■ The portfolio is weighted towards South East Queensland. add further long-term value for shareholders, capitalising on ■■ Re-emergence of multi-storey portfolio with a predominant th
Slide 8: 2016 Portfolio Under Construction and Coming Soon
2 0 16 P O R T F O L I O U N D E R C O N S T R U C T I O N & C O M I N G S O O N COMING SOON BRISBANE G R AC E ON C O RON AT ION m u lt i - s to r e y TOWNSVILLE B AYS ID E u r b a n d e v e lo p m e n t THE HILLS RESIDENCES residential housing GOLD COAST T H E L A K E S A PA R T M EN T S m u lt i -
Slide 9: Financial and Operational Review
F IN A N C I A L A N D O P E R AT I O N A L R E V I E W
Slide 10: Financial Performance
FINANCIAL PERFORMANCE RESIDENTIAL HOUSING AND URBAN DEVELOPMENT KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 31 DECEMBER 2016 ■■ Residential housing and urban development continues to provide a sound $M 1H17 1H16 % CHANGE earnings profile and will be strategically complimented by multi-storey portfoli
Slide 11: Operational Review — Sales and Settlements
O P E R AT I O N A L R E V I E W — S A L E S A N D S E T T L E M E N T S HISTORICAL SALES VALUE AND VOLUME (YEARS ENDING 30 JUNE ANNUALLY) AVERAGE SALE PRICE (YEARS ENDING 30 JUNE ANNUALLY) 500 500 1200 1200 800 800 509.0 509.0 700 700 710.0 710.0 675.0 675.0 400 400 1000 1000 389.0 389.0 600 600 61
Slide 12: Operational Review — Projects Under Construction
O P E R AT I O N A L R E V I E W — P R O J E C T S U N D E R C O N S T R U C T I O N PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 31 DECEMBER 2016) MULTI-STOREY $323M URBAN UNSE TTL ED CONTRACTED % CONTRACTED 27% 25% $299M LOTS LOTS LOTS # $M # $M # $M VALUE OF MULTI-STOREY 260 323 174 259 67% 80%
Slide 13: Operational Review — Total Development Portfolio
O P E R AT I O N A L R E V I E W — T O TA L D E V E L O P M E N T P O R T F O L I O URBAN $299M TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 31 DECEMBER 2016) HOUSING 8% $1,088M TO BE UNDE R TOTAL DE V E LOPMENT 28% RE L E ASED CONSTRUCTION PORTFOLIO # ( $M) # $M # $M VALUE OF TOTAL MULTI-STOREY 2,
Slide 14: Outlook
OUTLOOK
Slide 15: Outlook
OUTLOOK SUNLAND INTENDS TO LAUNCH up to nine new residential developments in FY17 across diverse development segments and geographic markets. This will result in a significant expansion of the Group’s multi-storey portfolio, with the launch of up to four new apartment projects on the Gold Coast. THE
Slide 16: Portfolio Details
P O R T F O L I O D E TA I L S
Slide 17: Portfolio Under Construction
PORTFOLIO UNDER CONSTRUCTION PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) ( $M) ( #) ( $M) (# ) ($ M) (# ) ($ M) (# ) ($ M) MULTI STOREY ABIAN, QLD 150 240.3 0 - 150 240.3 150 240.3 0 - ROYAL PINES - MARINA CONCOURSE, QLD 110 82.9 0 - 110 82.9 24 18
Slide 18: Portfolio To Be Released
PORTFOLIO TO BE RELEASED PORTFOLIO TO BE RELEASED YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) (M) ( #) (M) ( #) (M) (# ) (M) (# ) (M) MULTI STOREY INGLESIDE - ELANORA, NSW 72 60.6 0 - 72 60.6 0 - 72 60.6 TOOWONG, QLD 506 485.0 0 - 506 485.0 0 - 506 485.0 ONE MARINE PARADE, QLD
Slide 19: Project Settlement Timeline — Under Construction
PROJECT SETTLEMENT TIMELINE PORTFOLIO UNDER CONSTRUCTION F Y17 FY18 FY19 FY20 & BEYOND MULTI STOREY ABIAN, QLD HOUSING CARRÉ RESIDENCES, VIC THE GARDENS, VIC THE TERRACES, QLD MAGNOLI RESIDENCES, QLD PARKWAY—SANCTUARY COVE, QLD MELIAH—SANCTUARY COVE, QLD ANCORA, QLD SHEA RESIDENCES, QLD THE HEIGHTS
Slide 20: Project Settlement Timeline — To Be Released
PROJECT SETTLEMENT TIMELINE PORTFOLIO TO BE RELEASED F Y17 FY18 FY19 FY20 & BEYOND MULTI STOREY MARINER'S COVE, QLD GRACE ON CORONATION, QLD ONE MARINE PARADE, QLD MARINA CONCOURSE, QLD PALM BEACH, QLD THE LAKES, QLD GREENMOUNT, QLD HOUSING ELANORA, NSW 18 MACPHERSON STREET, NSW MONAVALE, NSW MT ANN
Slide 21: Sunland Group
Sunland Group ESTABLISHED 983