Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Shareholder Meeting (February 2013)
37 slides from Yoma Strategic's shareholder meeting presentation, Feb 28, 2013
Slide 1: Contents
27/2/2013 28 February 2013 Contents Business Climate in Myanmar 3Q Results Highlights Business Updates – Real Estate – Automobile – Agriculture New Business Developments Landmark Development Project Questions & Answers 1
Slide 2: Business Climate in Myanmar
27/2/2013 Business Climate in Myanmar Political and Business Highlights Historic visit by Hillary Clinton (Dec 2011) 2
Slide 3: Political and Business Highlights
27/2/2013 Political and Business Highlights Aung San Suu Kyi appointed Chair of National Historic visit by Hillary Clinton (Dec 2011) Reconciliation Commission (Jul 2012) Political and Business Highlights First US Aung San dealSuu in Myanmar Kyi appointed – GeneralChair Electric of provides National
Slide 4: Political and Business Highlights
27/2/2013 Political and Business Highlights First US Aung San dealSuu in Myanmar Kyi appointed – GeneralChair Electric of provides National Historic Aung Sanvisit SuubyKyi Hillary toursClinton US and(Dec Europe 2011) (Sept 2012) Reconciliation medical equipment Commission (Jul 2012) (Jul 2012) Polit
Slide 5: Political and Business Highlights
27/2/2013 Political and Business Highlights First US Aung San dealSuu in Myanmar Kyi appointed – GeneralChair Electric of provides National Historic Aung President New Foreign San visit Suu Thein by Investment Kyi Hillary Sein tours visits Clinton USLaw US andenacted (Sept (Dec Europe 2011) 2012) (N
Slide 6: Political and Business Highlights
27/2/2013 Political and Business Highlights World Bank providing: US President Aung First USSan dealSuu in Barack Myanmar Kyi Obama appointed – General visit Chair to Electric Myanmar of provides National – first Historic Aung President New Foreign San US$440visit Suu Thein by Investment million K
Slide 7: Political and Business Highlights
27/2/2013 Political and Business Highlights Aung San World bankSuu givesKyiUS$440 offers tomillion help zero-interest negotiate end loan to Aung First US World Myanmar’s President USSan bank dealSuu Ethnic gives in Barack Myanmar Kyi US$245 Reconciliation Obama appointed – General million visit Chai
Slide 8: 3Q Highlights
27/2/2013 3Q Highlights 3Q Highlights S$’m 14 13 13 32.1% 12 9.8 9.8 10 8 6.4 6 3.7 4 2.5 1.7 1.4 2 0.5 -0.5 0 -2 3Q FY2011 3Q FY2012 3Q FY2013 Revenue Gross Profit Net Profit Revenue 32.1% to S$13.0m 8
Slide 9: 3Q Highlights
27/2/2013 3Q Highlights S$’m 14 13 12 9.8 10 8 6.4 6.4 6 152.9% 3.7 4 2.5 2.5 1.7 1.4 2 0.5 -0.5 0 -2 3Q FY2011 3Q FY2012 3Q FY2013 Revenue Gross Profit Net Profit Gross profit 152.9% to S$6.4m 3Q Highlights S$’m 14 13 12 9.8 10 8 6.4 6 169.9 % 3.7 3.7 4 2.5 1.7 1.4 1.4 2 0.5 -0.5 0 -2 3Q FY201
Slide 10: Revenue Breakdown
27/2/2013 Revenue Breakdown Agriculture Automobile 1% 2% Construction related 5% Sales of Houses 14% 3Q FY2012 Sales of LDRs 78% Revenue Breakdown Construction Automobile related 2% 4% Sales of Houses 40% 3Q FY2013 Sales of LDRs 54% Sale of houses increased threefold 10
Slide 11: Real Estate
27/2/2013 Business Updates Real Estate FMI City Approx 0.4m sq ft LDRs available as at 31 Dec 2012 11
Slide 12: FMI City
27/2/2013 FMI City Land cost in 2006 – approx Ks. 3,000/sq ft and held at cost FMI City Last selling price - approx Ks. 10,000/sq ft 12
Slide 13: FMI City and Pun Hlaing Golf Estate LDRs
27/2/2013 FMI City 95 units of Fontana Garden sold as at 31 Dec 2012 Pun Hlaing Golf Estate LDRS Still hold approx 5m sq ft of LDRs as at 31 Dec 2012 13
Slide 14: Pun Hlaing Golf Estate LDRs
27/2/2013 Pun Hlaing Golf Estate LDRS Land cost of LDRs in 2006 - approx Ks.7,000/sq ft and held at cost Pun Hlaing Golf Estate LDRS Last selling price - approx Ks. 40,000/sq ft 14
Slide 15: Lakeview Apartments
27/2/2013 Pun Hlaing Golf Estate Lakeview Apartments Self-contained low rise condominium development in Northeast corner of PHGE Pun Hlaing Golf Estate Lakeview Apartments Blocks A, B, C & D already built Blocks E, F & G under construction 15
Slide 16: Lakeview Apartments and Ivory Court Residence
27/2/2013 Pun Hlaing Golf Estate Lakeview Apartments Blocks A to F fully sold Block G intended for rental Pun Hlaing Golf Estate Ivory Court Residence Located in PHGE with prime views of 18th fairway 16
Slide 17: Ivory Court Residence
27/2/2013 Pun Hlaing Golf Estate Ivory Court Residence 20 units of modern 3-bedroom townhouses Pun Hlaing Golf Estate Ivory Court Residence 10 units of first phase (ICR I) all sold 17
Slide 18: Ivory Court Residence and Bamboo Grove Garden Villas
27/2/2013 Pun Hlaing Golf Estate Ivory Court Residence 8 out of 10 units of second phase (ICR II) sold as at 31 Dec 2012 Pun Hlaing Golf Estate Bamboo Grove Garden Villas 4 landed houses on plots approx 7,800 - 9,500 sq ft 18
Slide 19: Bamboo Grove Garden Villas and Star City
27/2/2013 Pun Hlaing Golf Estate Bamboo Grove Garden Villas 2 out of 4 houses sold as at 31 Dec 2012 Star City Building (1) and (2) not part of acquisition 19
Slide 20: Star City Buildings 3 and 4
27/2/2013 Star City Building (3) launched on 21 April 2012 228 out of 264 units sold as at 31 Dec 2012 Booking deposits received for additional 9 units Star City Building (4) launched in 2QFY2013 138 out of 264 units sold as at 31 Dec 2012 Booking deposits received for additional 14 units 20
Slide 21: Star City units available
27/2/2013 Star City Total of 139 units available as at 31 Dec 2012 Star City Additional 32 units sold and booking deposits for 38 units received in Jan 2013 21
Slide 22: Star City sales
27/2/2013 Star City Only 69 units available as at 31 Jan 2013 Star City Total sales of S$46.3m as at 31 Dec 2012 Only S$2.6m out of the S$46.3m recognised (percentage-on-completion basis) 22
Slide 23: Star City revenue recognition and deposits
27/2/2013 Star City Remaining balance of approx S$43.7m will be recognised as construction progresses Star City As at 31 December 2012 - received cash deposits of S$15.0m (approx 32% of the total contractual purchase prices of units) 23
Slide 24: Automotive
27/2/2013 Business Updates Automotive Automotive Established 70:30 Singapore JV with FMI called Myanmar Motors Pte. Ltd. 24
Slide 25: Proposed Acquisition of GCI
27/2/2013 Automotive Proposed Acquisition of German Car Industries Company Limited (GCI) Automotive Appointment of Mr Michael Rudenmark as Managing Director (Automotive) 25
Slide 26: Agriculture
27/2/2013 Automotive Possible acquisition of existing automotive businesses of SPA Business Update Agriculture 26
Slide 27: Agriculture
27/2/2013 Agriculture Located on the Maw Tin estate in Ayerwaddy Division of Myanmar, 260 km west of Yangon Agriculture Existing Jatropha Curcas Planting black pepper 27
Slide 28: Realising Opportunities
27/2/2013 Agriculture Exploring additional agricultural uses for land e.g. rubber, eucalyptus, coffee, neem etc Realising Opportunities 28
Slide 29: Retail
27/2/2013 Retail Retail Signed JV Agreement in Nov 2012 with Parkson Myanmar & FMI to establish JV to operate department stores in Myanmar 29
Slide 30: Retail JV with Parkson Myanmar
27/2/2013 Retail Paid-up capital of US$3 million: Parkson Myanmar (70%) Yoma Strategic (20%) FMI (10%) Retail First store to be located in FMI Centre in Pabedan Township of Yangon: Comprising 4 storeys Built-up area of approx 43,000 sq ft 30
Slide 31: What's next in Real Estate?
27/2/2013 What’s next in Real Estate? Real Estate Appointment of Mr Elmar Busch as Managing Director (Real Estate) 31
Slide 32: Riverside Residential Development Project
27/2/2013 Real Estate Received notice from SPA Myanmar regarding Riverside Residential Development Project Real Estate On Hlaing River next to FMI City FMI City 32
Slide 33: Riverside project: acres and apartment units
27/2/2013 Real Estate Approx 12 acres Real Estate Approx 1,000+ apartment units* Artist’s impression *subject to change 33
Slide 34: Landmark Development Project
27/2/2013 Landmark Development Project Landmark Development Project Signed S&P agreement with SPA to acquire 80% of Landmark Development Project on 19 Nov 2012 34
Slide 35: Landmark Development Project mixed-use components and cost
27/2/2013 Landmark Development Project Mixed-use development comprising: 5-star hotel in iconic heritage building 5-star luxury condominium building Business hotel Executive serviced apartment Grade-A office towers Retail podium Landmark Development Project Proposed acquisition cost of a
Slide 36: Landmark Development Project funding
27/2/2013 Landmark Development Project Development cost may be partially funded by net proceeds of placement in Nov 2012 Landmark Development Project The Landmark Development Project will define downtown Yangon 36
Slide 37: Questions & Answers
27/2/2013 Questions & Answers Thank you 37
Yoma Strategic Holdings — Shareholder Meeting (February 2013) on 6ix