Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — H1 2022 Earnings Presentation
13 slides from Yoma Strategic's earnings presentation, May 13, 2022
Slide 1: 6M-Mar2022 Earnings Results
6M-Mar2022 Earnings Results Yoma Strategic Holdings Ltd. 1
Slide 2: CEO statement on business recovery
“The Group’s businesses continue to recover amidst a difficult operating environment. Residential property sales in our flagship estates – StarCity and Pun Hlaing Estate – grew by 14% compared to same period last year; Wave Money’s digital transaction volumes continue to grow each month and have rea
Slide 3: 6M-Mar2022 Key Financial Highlights – Profit and Loss
6M-Mar2022 Key Financial Highlights – Profit and Loss 1) COVID-19 recovery Statement of Income 6M-Mar2021 6M-Mar2022 (US$ million) (US$ million) Myanmar has substantially recovered form the latest surge Revenue 43.9 36.6 of the omicron variant of COVID-19. The government has progressively lifted the
Slide 4: 6M-Mar2022 Key Financial Highlights – Balance Sheet
6M-Mar2022 Key Financial Highlights – Balance Sheet Net Debt & Net Gearing Ratio US$ million Net Debt Total Capital Gearing Ratio 1,400 35.0% 1,200 29.2% 27.9% 30.0% 28.1% 1,000 25.0% 800 600 20.0% 400 15.0% 200 - 10.0% As at Mar 2021 As at Dec 2021 As at Mar 2022 • Net gearing was relatively unchan
Slide 5: Segment Results - Yoma Land Development
Segment Results - Yoma Land Development Revenue Contribution: Revenue: Revenue decline Y-o-Y was primarily due to the decrease in revenue recognition at US$12.9 million Yoma Central due to the project’s suspension. -24% y-o-y • Excluding Yoma Central, Yoma Land Development revenue increased by 14% Y
Slide 6: Segment Results - Yoma Land Services
Segment Results - Yoma Land Services Revenue Contribution: Revenue: Revenue increased Y-o-Y primarily due to higher commercial leasing revenue at US$4.3 million StarCity. 7.5% y-o-y • Conversion of the StarCity Dulwich College campus into an office building offset Core operating EBITDA excluding 12%
Slide 7: Segment Results - Yoma Financial Services
Segment Results - Yoma Financial Services Revenue Contribution: Revenue: US$2.6 million Yoma Fleet -26% y-o-y • Headwinds in the uncertain operating environment saw fleet size shrink by almost 14% to 1,233 vehicles which resulted in the decrease in revenue. 7% Core operating EBITDA excluding extraor
Slide 8: Segment Results – Yoma F&B
Segment Results – Yoma F&B Revenue Contribution: Revenue: Restaurants business rationalized its strategy Y-o-Y: US$10.5 million -1% y-o-y • Right-sized operations to focus on profitability which led to 22 store closures Y-o-Y. Core operating EBITDA excluding 29% • Revenue recovery has been due to fe
Slide 9: Segment Results - Yoma Motors
Segment Results - Yoma Motors Revenue Contribution: Revenue: Heavy Equipment business impacted by a lower demand environment (disruptions to US$5.6 million customer financing from local banks) and the absence of government tenders. -33% y-o-y • New Holland sold 64 tractors in 6M-Mar2022 vs. 114 trac
Slide 10: 6M-Mar2022 Strategic Updates
6M-Mar2022 Strategic Updates Restructuring of the Ayala investment • In December 2021, the Group restructured the Ayala shareholder loan into a perpetual securities that may only be redeemed through the issuance of shares. Please see the announcement dated 29 December 2021 for the detailed terms of
Slide 11: For enquiries, please contact
Note: This news release should be read in conjunction with the results announcement released on the SGXNet on 14 May 2022. For enquiries, please contact: Analyst contact: Ms. Jane Kwa, Tel: (65) 9759 2602 or (95) 09 79311 3587 Email: janekwa@yoma.com.mm Ms. Hnin Yu Mon, Tel: (95) 9253 0011 00 Email:
Slide 12: Appendix: Core Operating EBITDA excluding extraordinary items
Appendix 6M-Mar2022 Core Operating EBITDA excluding extraordinary items US$ Million 5 3.2 3.8 2.4 0 (0.5) 0.2 0.6 -5 0.1 5.7 -10 1.8 -15 (18.0) 8.3 -20 Net Profit Interest expenses Interest expense Taxes Depreciation and Currency Shares of losses Shares of losses Yoma Central Extraordinary items Cor
Slide 13: Appendix: Profit and Loss – 6M-March2021 vs 6M-March2022
Appendix Profit and Loss – 6M-March2021 vs 6M-March2022 6M-Mar2021 6M-Mar2022 Real Estate Real Estate Financial F&B Motors Investment & Total Real Estate Real Estate Financial F&B Motors Investment & Total Development Services Services Corporate Development Services Services Corporate Revenue 16.9 4
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