Road King Infrastructure Limited · HKEX:1098
Road King Infrastructure — H1 2014 Earnings Presentation
12 slides from Road King Infrastructure's earnings presentation, August 2014
Slide 1: 2014 Interim Results Presentation
(incorporated in Bermuda with limited liability) Stock Code: 1098 2014 lnterim Results Presentation August 2014
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by Road King Infrastructure Limited (the “Compan
Slide 3: A Developer and Operator with Sustainable and Healthy Growth
A Developer and Operator with Sustainable and Healthy Growth Updates Q&A 2
Slide 4: Progressive growth in property development business
Progressive growth in property development business Revenue (HK$ mm) Operating earnings1 (HK$ mm) 110% 11,456 40% 667 704 607 9,344 6,833 317 3,722 2,654 151 2011 2012 2013 1H2013 1H2014 2011 2012 2013 1H2013 1H2014 Note: 1 Operating earnings represent profit attributable to owners of the Company be
Slide 5: Progressive growth in property development business
Progressive growth in property development business Contracted sales (RMB mm) 11,057 10,728 10,680 9,848 9,385 12,210 9,563 6,930 5,633 4,133 2011 2012 2013 1H2013 1H2014 Maintaining an ASP of above RMB10,000/sqm for contracted sales despite austerity measures and downturn of the property sector No
Slide 6: Land reserve in focus area
Land reserve in focus area Land reserve Dec 2013 Jun 2014 Others Others 11% 15% Bohai Rim 17% Bohai Rim 19% Yangtze River Delta Yangtze 66% River Delta 72% Total land reserve: 5.6 million sqm Total land reserve: 5.7 million sqm Land reserve of over 5.7 mm sqm for 3 – 4 years development In 1H2014, a
Slide 7: Enhanced toll road portfolio
Enhanced toll road portfolio Average daily traffic volume of existing toll Share of toll road revenue roads (mm vehicles) (HK$ mm) 222 893 185 185 198 844 839 10% 177 421 462 2011 2012 2013 1H2013 1H2014 2011 2012 2013 1H2013 1H2014 5 expressways spanning over 340km in length Enhanced toll road port
Slide 8: New acquisition in 1H2014
New acquisition in 1H2014 ■ Acquisition for 49% equity interests in Machao Expressway was completed Anhui Machao Expressway Grade Expressway, dual three-lane Distance 35.77 kilometers Project total investment RMB 2,471 million Interest shared by Road King 49% Operation period 30 years 7
Slide 9: Financial profile
Financial profile Financial snapshot (HK$ mm) 2012 2013 1H2013 1H2014 Key observations Contracted sales (RMB mm) 9,563 12,210 6,930 4,133 Contracted sales (GSA ’000 sqm) 1,019 1,104 646 387 Property revenue 9,344 11,456 2,654 3,722 Substantial growth of 40% in property revenue performance over 1H201
Slide 10: Healthy liquidity level
Healthy liquidity level Termed out debt maturity profile (HK$ mm) EBITDA1 Offshore loan Onshore Loan 7,061 862 925 1,008 942 815 5,069 3,601 1,777 386 1,468 <1 years 1-2 years 2-5 years >5 years 1H2010 1H2011 1H2012 1H2013 1H2014 Note: 1 EBITDA is calculated based on the profit for the period of the
Slide 11: Summary
Summary Proven execution capability with 40% increase in revenue and Progressive growth in 110% increase in operating earnings property development business Stable ASP and gross profit margin despite poor market conditions Steady increase in traffic volume and share of revenue Stable cash flows from
Slide 12: Questions & Answers
A Developer and Operator with Sustainable and Healthy Growth Questions & Answers 11
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