Xinyuan Real Estate Co. Ltd. · OTC:XINRY
Xinyuan Real Estate — Investor Presentation (June 2020)
35 slides from Xinyuan Real Estate's investor presentation, June 2020
Slide 1: Investor Presentation
Investor Presentation Date:June Date: Feb 2020 2020
Slide 2: Safe Harbor / Forward Looking Statements
Safe Harbor / Forward Looking Statements Forward Looking Statements Certain statements in this presentation constitute “forward-looking statements”. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statem
Slide 3: Table of Content
Table of Content I Executive Summary II Business Update Credit Highlights and III Strategies IV Appendix 3
Slide 4: Executive Summary
Executive Summary o Xinyuan has been ranking among the top 100 Chinese real estate businesses for 15 consecutive years and was recently honored with the designation as a Top 5 Innovative Chinese Real Estate 1 Proven Track Record of Developers. Success o Through 2019, Xinyuan has completed over 60 pr
Slide 5: Business Update
II Business Update 5
Slide 6: Expansion Footprints
Expansion Footprints Land Bank Beijing Dalian In China Completed projects Tianjin Jinan Qingdao o Xinyuan develops and manages large scale, high-quality real estate Xuzhou Xi'an Kunshan projects in China, focusing on High-Growth Tier 1 and Tier 2 cities. Zhengzhou Huzhou Chengdu Suzhou Wuhan Shangha
Slide 7: Core and Auxiliary Business Segments
Core and Auxiliary Business Segments Industrial Real Estate Property Development Operation Commercial Real Estate Property Management Management Financing & Construction Smart Technology Services Source: Earnings Release and Company Filings. As of Mar 31, 2020 7
Slide 8: Property Development Core Business
Property Development Core Business The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers. o Strategically focusing on high-growth tier 1 and tier 2 cities including Beijing, Shanghai, New 1 Focusing on High-Growth Tier 1 York City,
Slide 9: Overview of the Auxiliary Businesses
Overview of the 5 Auxiliary Businesses o Provide property management services. This segment was established to develop a pan-property ecosystem systematically built on communities as its "base", cities as its "service“ and locations and diversified industries as its "pillars". With community consump
Slide 10: Technology: Enhance Efficiency and Embrace Future
Technology: Enhance Efficiency and Embrace Future IT-driven management efficiency improvement in Cloud-based property selections to address multiple AI Platform to provide owners with a full range of the industry pain-points in property sales experience in intelligent technologies o Real estate ERP
Slide 11: A Leader in Property Development
A Leader in Property Development 2006- 2020 2020 2018 2015 Top 100 Developers in China for 15 Top 50 in Terms of Brand Value among Top 10 Chinese Developers for Top 5 Innovative Developers in China consecutive years Chinese Property Companies Comprehensive Development in 2015 2015 2015 2014 2013 201
Slide 12: Experienced Management Team
Experienced Management Team The Company has an experienced, dedicated and visionary management team Yong Zhang Chairman/CEO - Founded Xinyuan in 1997 - Vice Chairman of Henan Real Estate Association, Deputy to the 12th People's Congress of Henan Province - Over 20 years of working experience in the
Slide 13: Q1 2020 Financial Results
Q1 2020 Financial Results o Contract sales was US$153.3 million in 1Q 2020, compared to US$478.9 million in 1Q 2019 and US$653.6 million in 4Q 2019. o Total revenues were US$125.8 million in 1Q 2020, compared to US$468.9 million in 1Q 2019 and US$906.7 million in 4Q 2019. o Gross profit margin was 2
Slide 14: Sustained Growth of Revenue and Gross Profit
Sustained Growth of Revenue and Gross Profit o In its 20-year history of operation, Xinyuan has been adhering to the mission of providing customers with comfortable and convenient community lifestyle. o From 2016 to 2019, the CAGR of Company’s contracted sales is in the range of 12.5% to 15.2%. Xiny
Slide 15: Strictly Control Financial Leverage
Strictly Control Financial Leverage o From 2018 to 2020 Q1, the Company achieved remarkable results in terms of deleveraging. o It is devoted to continuing to increase profit and to decrease leverage for the next few years. o As of Mar 31, 2020, its total interest-bearing debt(1) amounted to US$3.0b
Slide 16: Prudent and Diversified Land Acquisition
Prudent and Diversified Land Acquisition Prudent Strategies on Land Acquisition Diversified Land Acquisition Channels to Lower the Cost o In 2016, the Company's land bank was relatively small, therefore it expanded its o Effectively improved project margins through M&A and joint development with lan
Slide 17: Credit Highlights and Strategies
III Credit Highlights and Strategies 17
Slide 18: Debt Structure Analysis
Debt Structure Analysis Total Interest-bearing Debt Maturity Profile Debt breakdown by Type Overseas Project Financing Overseas Loans under FY 2023 6% Domestic Guarantee 17.5% 6% FY 2020 24.3% FY 2022 Bank 6.8% Borrowings USD Bonds 40% 28% Corporate Bonds FY 2021 3% Trusts Other 14% 51.5% 3% Debt Br
Slide 19: Proactive Management of Debt and Financing
Proactive Management of Debt and Financing Good Credit Line Profile Supported by Financial Institutions Diversified Financing Channels Financial institution Amount (RMB'00mm) Ping An Trust Co., Ltd. (equity cooperation) 200 US Dollar Xinyuan has successfully completed multiple USD bond offerings Day
Slide 20: Focusing on Increasing the Cash Turnover
Focusing on Increasing the Cash Turnover o The Company is aiming to secure decent project returns with lower financing cost while maintaining a rapid and high cash turnover level. o Stringent control and effective mechanism will provide Xinyuan with further liquidities. Standardized Development Cycl
Slide 21: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Zhengzhou International New City Project Profile: q Located in the downtown and city highland of Zhengzhou, Henan Province. q 8 plots have been developed with a total floor area of 1,810,000 m². q Adjacent to two subway entrances of Subway Line No.2 and two BRT
Slide 22: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Zhengzhou International New City I Zhengzhou International New City II Source: Earnings Release and Company Filings. As of Mar 31, 2020 22
Slide 23: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Zhengzhou International New City III A Zhengzhou International New City III B Zhengzhou International New City III C Zhengzhou International New City III D 23 Source: Earnings Release and Company Filings. As of Mar 31, 2020
Slide 24: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Zhengzhou International New City IV A12 Zhengzhou International New City V A04 Zhengzhou International New City IV B10 Source: Earnings Release and Company Filings. As of Mar 31, 2020 24
Slide 25: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Xinyuan Golden Water View City-Zhengzhou Project Profile: q Located in Jinshui district of Zhengzhou, one of the most thriving urban areas as the political, economic, cultural, financial and information center of Henan Province. q The project covers an area of
Slide 26: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Chengdu Xinyuan City Project Profile: q Located in Shu Du New Town in the Pi Du District, Chengdu, Sichuan Province. q The project covers an area of 301 mu and a total construction area of about 1.216 million square meters. q The planned residence area is about
Slide 27: Landmark Real Estate Projects in China
Landmark Real Estate Projects in China Qingdao Royal Dragon Bay Project Profile: q Located in the center of Lingshan Bay on Binhai Avenue, Qingdao, Shandong Province. q 200 meters away from the Metro M13 College station. q Surrounded by three commercial hubs, more than 15 higher education schools, a
Slide 28: Landmark Real Estate Projects in China-Under Planning
Landmark Real Estate Projects in China-Under Planning Tongzhou Xinyuan Royal Palace Project Profile: q Located in Tongzhou District, the sub-center of Beijing. q The project covers an area of 110,000 square meters, with a focus on urban development. q Will be designed as a gathering area for interna
Slide 29: Landmark Real Estate Projects in China-Under Planning
Landmark Real Estate Projects in China-Under Planning Lingshan Bay Dragon Seal-Qingdao Project Profile: Project Status: q Located in the central development area of the West q Unsold GFA as of March 31, 2020: 380,000 m² Coast National New District in Qingdao, Shandong Province. q The project covers
Slide 30: Appendix
IV Appendix 30
Slide 31: Major Financial Data — Highlights
Major Financial Data — Highlights Three months ended Three months ended Mar 31, 2020 Mar 31, 2019 Mar 31, 2020 Dec 31, 2019 (US$'000) (US$'000) % change (US$'000) (US$'000) % change Total Revenue 125,769 468,853 (73.2%) 125,769 906,703 (86.1%) Gross Profit 28,106 131,049 (78.6%) 28,106 146,542 (80.8
Slide 32: Key Financials — Consolidated P&L Summary
Key Financials — Consolidated P&L Summary Three months ended Mar 31, 2020 Dec 31, 2019 Mar 31, 2019 As % of (US$'000) (US$'000) As % of Revenue (US$'000) As % of Revenue Revenue Total Revenue 125,769 100.0% 906,703 100.0% 468,853 100.0% Total Costs of Revenue (97,663) (77.7%) (760,161) (83.8%) (337,
Slide 33: Key Financials — Balance Sheet
Key Financials — Balance Sheet As of Mar 31, 2020 As of Dec 31, 2019 As of Mar 31, 2020 As of Mar 31, 2019 (US$'000) (US$'000) % change (US$'000) (US$'000) % change Cash and restricted cash 794,076 989,587 (19.8%) 794,076 1,127,198 (29.6%) Short-term investments 7,060 5,596 26.2% 7,060 - - Accounts
Slide 34: Key Financials — Balance Sheet
Key Financials — Balance Sheet As of Mar 31, 2020 As of Dec 31, 2019 As of Mar 31, 2020 As of Mar 31, 2019 (US$'000) (US$'000) % change (US$'000) (US$'000) % change Accounts payable and notes payable 1,049,106 1,166,660 (10.1%) 1,049,106 704,397 48.9% Short-term bank loans and other debt 38,719 73,4
Slide 35: Thank You
Thank You 3
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