Sunland — H1 2018 Earnings Presentation
20 slides from Sunland's earnings presentation, 2018
Slide 1: Half Year Results 2018
HALF YEAR RESULTS 2018 Sunland Group
Slide 2: Group Overview and Development Portfolio
GROUP OVERVIEW AND DEVELOPMENT PORTFOLIO TO BE READ IN CONJUNCTION WITH THE GROUP'S FINANCIAL REPORTS
Slide 3: Sunland's 35-year history
Sunland's 35-year history is defined by the creation of communities that have endeavoured to shape their urban fabric and aspired to advance new frontiers of design excellence. As we look to the future, we draw on our collective experiences and insights to guide us as we refine our approach in the c
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 5,138 residential homes, urban land lots, multi-storey apartments, and 38,000sqm of retail, representing $3.9 billion.* RESIDENTIAL TOTAL MULTI-STOREY URBAN RETAIL HOUSING # # # # M2 5 ,138 2,730 1,020 1,38 8 3 0,225 $M $M $M $M $M 3 ,
Slide 6: 1H Key Results
I H 18 K E Y R E S U LT S S UNLAND IS WELL POSIT IONED T O CA PITA LISE ON T HE DELIVERY OF THE STR ATEGIC SI TES ACQUIRED IN R ECENT YEA RS, PA RT ICULA RLY IN SOUT H- EAST QUEENSL A ND A ND AC ROSS THE GROUP’S SUBSTA NT IA L MULT I- ST OREY DEVELOPMEN T P OR TFOLIO. IH18 FINANCIAL RESULTS SUPPORT
Slide 7: 1H Milestones
1H 18 M I L E S T O N E S CAPITAL MANAGEMENT PORTFOLIO ■■ The Group's share buyback program reduced the number of shares ■■ The portfolio is weighted towards South-East Queensland. on issue by 2.1 million at an average price of $1.72 per share. ■■ The multi-storey portfolio has a focus on staged med
Slide 8: Portfolio Under Construction & Coming Soon
PORTFOLIO UNDER CONSTRUCTION & COMING SOON UNDER CONSTRUCTION COMING SOON BRISBANE THE HILLS RESIDENCES residential housing TOWNSVILLE B AYS ID E u r b a n d e v e lo p m e n t KIR K DA L E R E SIDENC E S residential housing G R AC E ON C O RON AT ION m u lt i - s to r e y GOLD COAST 2 7 2 H E D G E
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 2017 ■■ Residential housing and urban development continues to provide a sound earnings $M 1H18 1H17 profile and will be strategically complemented by the multi-storey portfolio. TO
Slide 11: 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 186220 URBAN MULTI-STOREY $105M $92M PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 31 JANUARY 2018) 20% 18% UNSE TTL ED CONTRACTED % CONTRACTED LOTS LOTS LOTS # $M # $M # $M VALUE OF MULTI-STOREY 113 92 62 51 55% 55
Slide 12: 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 806 TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 31 DECEMBER 2017) URBAN $179M 6% TO BE UNDE R TOTAL DE V E LOPMENT RE L E ASED CONSTRUCTION PORTFOLIO HOUSING 14% $442M # ( $M) # $M # $M VALUE OF TOTAL MULTI-STOREY
Slide 13: Outlook
OUTLOOK
Slide 14: Outlook
OUTLOOK A PREMIUM PORTFOLIO of residential developments will be launched during the second half of FY18, including a significant expansion of the Group's multi- storey portfolio, and new residential housing developments. STRONG CASHFLOW generated from the settlement of residential projects, in addit
Slide 15: Portfolio Details
P O R T F O L I O D E TA I L S
Slide 16: 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 $241 147 $235 3 $6 3 $6 - - ROYAL PINES - MARINA CONCOURSE, QLD 110 $86 - - 110 $86 59 $45 51 $41
Slide 17: 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 GRACE ON CORONATION, QLD 558 $502 558 $502 558 $502 INGLESIDE, NSW 72 $61 72 $61 72 $61 ONE MARINE PARADE, QLD 217 $203 217 $203 2
Slide 18: Project Settlement Timeline – Under Construction
PROJECT SETTLEMENT TIMELINE PORTFOLIO UNDER CONSTRUCTION FY18 FY19 FY20 FY21 & BEYOND MULTI-STOREY ABIAN, QLD MARINA CONCOURSE, QLD HOUSING THE GARDENS, VIC PAVILIONS, QLD THE LAKES RESIDENCES, QLD THE TERRACES, QLD ANCORA, QLD SHEA RESIDENCES, QLD THE HEIGHTS RESIDENCES, QLD THE HEIGHTS - PARK TERR
Slide 19: Project Settlement Timeline – To Be Released
PROJECT SETTLEMENT TIMELINE PORTFOLIO TO BE RELEASED FY18 FY19 FY20 FY21 & BEYOND MULTI STOREY MARINER'S COVE, QLD GRACE ON CORONATION, QLD ONE MARINE PARADE, QLD GREENMOUNT RESIDENCES, QLD 272 HEDGES AVENUE, QLD MAGNOLI APARTMENTS, QLD THE LAKES, QLD INGLESIDE, NSW VARSITY, QLD HOUSING INGLESIDE, N
Slide 20: Sunland Group
Sunland Group ESTABLISHED