Soundwill Holdings Limited · HKEX:878
Soundwill — H1 2019 Earnings Presentation
19 slides from Soundwill's earnings presentation, August 2019
Slide 1: 2019 Interim Results
金朝陽集團有限公司 * SOUNDWILL HOLDINGS LIMITED Stock Code: 878.HK 2019 Interim Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the “Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or
Slide 3: Company Overview
Company Overview About Soundwill Stock Price Performance 14 0.6 Stock code : 878.HK 12 0.5 10 0.4 Listing date : March 1997 8 0.3 No. of issued shares 6 : 283,308,635 shares 4 0.2 (as at 26 Aug 2019) 2 0.1 Share price (as at 26 Aug 2019) : HK$ 9.85 0 0 Aug-2018 Oct-2018 Dec-2018 Feb-2019 Apr-2019 Ju
Slide 4: Milestone
Milestone Causeway Bay 1954 Soundwill Plaza 2004 Soundwill Plaza II -Midtown Causeway Bay 2010 Park Haven 2010 THE SHARP Wan Chai Tai Hang Kai Kwong Commercial Building Jones Hive WarrenWoods Kwai Chung 2014 iCITY iPLACE 4
Slide 5: Soundwill's Footprint
Soundwill’s Footprint Industrial Residential New Territories Kowloon Commercial Property Investment Hong Kong Island Kai Kwong Commercial Building 5
Slide 6: Property Redevelopment Strategies
Property Redevelopment Strategies 5 years or above • Property investment & leasing – 3-5 years self-development of commercial • Property Development – self- properties in prime areas 1-3 years development of residential / • Sale of un-developed land sites commercial / industrial after site re-zoning
Slide 7: 2019 Interim Results
2019 Interim Results
Slide 8: 2019 Interim Results Highlights
2019 Interim Results Highlights Turnover Revenue Revenue by business segments HK$ mil Property Development 20% (33%) Building Management & Other Services 3% (2%) 980.0 Property Leasing 77% (65%) 398.8 360.6 FY2018 1H2018 1H2019 (Comparative figures of 1H2018 in parentheses) Revenue composition ￭ Pro
Slide 9: Earnings
Earnings Adjusted Profit* Basic Earnings Per Share HK$ mil HK$ 537.0 3.55 2.37 1.73 210.0 196.0 FY2018 1H2018 1H2019 FY2018 1H2018 1H2019 * Exclude net gain/(loss) on fair value adjustments on investment properties and gain/(loss) on disposal of subsidiaries 9
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As at 31 Dec 2018 As at 30 Jun 2019 Change (HK$ mil) (HK$ mil) Total assets 23,124 25,041 ↑8% Net assets 20,456 21,399 ↑5% Cash and bank deposit 761 1,164 ↑53% Total borrowings 1,563 2,507 ↑60% Gearing ratio* 8% 12% ↑4 p.p. * Gearing ratio = Total debt / Total equity 10
Slide 11: Business Overview
Business Overview
Slide 12: Grade-A Investment Portfolio – Commercial: Soundwill Plaza
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay Times Square Soundwill Plaza, Causeway Bay 時代廣場 Total leasing GFA : 245,105 sq. ft. Russell St 羅素街 Prime location in one of the world’s most expensive districts Canal Road 堅拿道 Destination
Slide 13: SWP Current Tenants (as at 30 Jun 2019)
SWP Current Tenants (as at 30 Jun 2019) 3-39/F Street level 13
Slide 14: Grade-A Investment Portfolio – Soundwill Plaza II - Midtown
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Soundwill Plaza II - Midtown, Causeway Bay Times Square Growth Driver Total leasing GFA : 218,000 sq. ft. 時代廣場 Quality tenants: Russell St 羅素街 Canal Road 堅拿道 Tang Lung St 登
Slide 15: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial Investment property 10 Knutsford Terrace, Tsim Sha Tsui Total leasing GFA : approx.114,000 sq. ft. New leasing specifications Floor GFA (sq. ft.) Occupancy rate G/F – 3/F 20,000 100% 4/F – 23/F 94,000 96.63% Total 114,000 97.23% Kai Kwong Commercial Buil
Slide 16: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial Investment property THE SHARP, Causeway Bay (G/F retail space retained for investment purpose) Total leasing GFA : approx.5,968 sq. ft. New leasing specification Floor GFA (sq. ft.) Occupancy rate G/F – 2/F 4,570 100% Shops 1-3 G/F Shop A 1,398 100% 16
Slide 17: Land Bank & Development Timeline
Land Bank & Development Timeline Project location Development plan Causeway Bay Commercial development Yiu Wa St. and Canal Road East GFA: 44,000 sq. ft. 耀華街及堅拿道東 「iCITY」 Industrial complex Ta Chuen Ping Street GFA: 190,000 sq. ft. 打磚坪街 17
Slide 18: Appendix
Appendix
Slide 19: Shareholding / Corporate Structure
Shareholding / Corporate Structure Chairman Other Public Shareholders Madam Grace 73.19% 26.81% * Property and Property Property Building Management Leasing Development No. of issued shares : 283,308,635 shares (as at 26 Aug 2019) * For identification purpose only 19