Tian An Australia Limited · ASX:TIA
Tian An Australia — FY2019 Earnings Presentation
11 slides from Tian An Australia's earnings presentation, Feb 24, 2020
Slide 1: December 2019 Results
For personal use only December 2019 Results For the year ended 31 December 2019
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. Financial Results 2. Project Summary 3. Project Updates 3
Slide 4: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only Year to Year to Change Summarised Profit and Loss December 2019 December 2018 FY to December 2019 Commentary ($M) ($M) ($M) Underlying loss (2.6) (2.1) (0.5) Two settlements at Oceanique Fair value change in Cascade Gardens 6.8 (12.1) 18.9 Fai
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only Year to Year to Change Summarised Profit and Loss December 2019 December 2018 FY to December 2019 Commentary ($M) ($M) ($M) Revenue and Other income 2.9 3.0 (0.1) 2 Settlements at Oceanique and interest income Cost of sales (1.7) (1.5) (0.2) I
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only December 2019 December 2018 Summarised Balance Sheet December 2019 Commentary ($M) ($M) Assets East Coast projects 60.0 55.9 Enfield and Pymble joint venture West Coast projects 51.5 52.7 Settlement and Impairment of Oceanique Other assets 18.8
Slide 7: Project Updates
Project Updates For personal use only Cascade Gardens - Pymble Enfield 7
Slide 8: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Gross Carrying Value Total Project (GST exclusive) Construction Nature of Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots Enfield 100% TBA 30.8 TBA - - Planning TBA Cascade Gardens 70%1
Slide 9: Cascade Gardens and Enfield
Cascade Gardens Enfield For personal use only • TIA interest: 70% • TIA interest: 100% • 93 apartments (33% exchanged) • Residential development • Estimated Gross Realisation: circa $100 million • 12,619 sqm site • Status: Construction • Estimated Gross Realisation: TBA • Project end: Mid 2021 • Sta
Slide 10: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 49.3 3,080 N/A N/A N/A Development Appr
Slide 11: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 potential lots • 66 luxury apartments (98.5% sold / 98.5% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved for subdivision and marina • Available apartments: 1 11