Ying Li International Real Estate Limited · SGX:5DM

Ying Li International Real Estate — Q3 2017 Earnings Presentation

32 slides from Ying Li International Real Estate's earnings presentation, November 2017

1. Slide 1: Ying Li International Real Estate 3Q FY2017 Financial Results

   Y RiaREw YING LI INTERNATIONAL REAL ESTATE Ying Li International Real Estate Limited 3Q FY2017 Financial Results

2. Slide 2: Financial Performance

   Y zEReW YING LI INTERNATIONAL REAL ESTATE Financial Performance

3. Slide 3: Disclaimer

   Disclaimer This presentation may contain forward-looking statements that involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of Ying Li or the Group, or industry results, to be materially different from any fut

4. Slide 4: 3Q FY2017 versus 3Q FY2016 Consolidated Statement of Comprehensive Income

   3Q FY2017 versus 3Q FY2016 Consolidated Statement of Comprehensive Income (RMB ‘000) 3Q FY2017 3Q FY2016 Change % Revenue 314,560 251,016 25.3 Cost of Sales (219,702) (190,737) 15.2 Gross Profit 94,858 60,279 57.4 Other income 10,825 8,999 20.3 Selling expenses (16,124) (20,732) (22.2) Administrativ

5. Slide 5: 9M FY2017 versus 9M FY2016 Consolidated Statement of Comprehensive Income

   9M FY2017 versus 9M FY2016 Consolidated Statement of Comprehensive Income (RMB ‘000) 9M FY2017 9M FY2016 Change % Revenue 760,308 511,627 48.6 Cost of Sales (544,726) (319,517) 70.5 Gross Profit 215,582 192,110 12.2 Other income 32,161 39,108 (17.8) Selling expenses (43,356) (52,460) (17.4) Administ

6. Slide 6: Revenue

   Revenue RMB (million) Sales Revenue In 3Q17, Y-o-Y revenue growth was mainly driven by the continued handover of IEC Phase 1000 1A and 2A, sales of some Investment Properties 900 and others. 800 700 600 +31.0% +70.4% 500 Y-o-Y 851 868 Y-o-Y 400 300 501 525 200 399 604 100 264 354 202 0 FY2012 FY2013

7. Slide 7: Statement of Financial Position

   Statement of Financial Position (RMB ‘000) As at 30 Sep 2017 As at 31 Dec 2016 Non-current assets Property, plant and equipment 62,178 54,656 Investment properties 4,448,928 4,457,926 Other investment 620,000 620,000 Net decrease due to handover of Deferred assets 29,275 28,108 completed units to ow

8. Slide 8: Statement of Financial Position (cont’d)

   Statement of Financial Position (cont’d) (RMB ‘000) As at 30 Sep 2017 As at 31 Dec 2016 Non-current liabilities Deferred taxation 541,485 573,209 Borrowings – Secured 1,922,603 1,804,559 Decrease in total borrowings mainly due to repayment of loans. Total non-current liabilities 2,464,088 2,377,768

9. Slide 9: Financial per share and Key Milestones

   Financial per share and Key Milestones Financial per share 3Q FY2017 3Q FY2016 % Change EPS (RMB per share) 0.007 - 246,200.0 30 Sep 2017 31 Dec 2016 % Change NAV (RMB) per share 1.94 1.96 (1.0) Key Milestones Ying Li International Hardware and Electrical Centre (IEC) – Phase 1A and 2A • Total sales

10. Slide 10: Financial Highlights

    Y zEReW YING LI INTERNATIONAL REAL ESTATE Financial Highlights

11. Slide 11: Financial Highlights

    Financial Highlights Revenue Gross Profit and Gross Profit Margin (RMB m) 1,080 (RMB m) 400 1000 42.3% 212 37.5% 760 800 300 31.3% 28.4% 617 156 600 7 512 200 211 868 157 338 400 261 604 100 192 216 200 399 354 0 0 FY2015 FY2016 9M FY2016 9M FY2017 FY2015 FY2016 9M FY2016 9M FY2017 Sales Revenue Ren

12. Slide 12: Operational Review

    Y zEReW YING LI INTERNATIONAL REAL ESTATE Operational Review 11

13. Slide 13: Balanced Portfolio with Diversified Quality Tenants’ Base; Recurring Income Provides Stability and Growth

    Balanced Portfolio with Diversified Quality Tenants’ Base; Recurring Income Provides Stability and Growth Selected Office Tenants Financial Institutions Global MNCs / SOEs Government-related Agencies Occupancy Rate1 (%) 100 89.5 89.4 86.1 84.2 80 87.8 60 40 20 0 2Q16 3Q16 4Q16 1Q17 2Q17 中心 Selected

14. Slide 14: Mall Activities: Ying Li IMIX Park Jiefangbei (aka IFC mall)

    Mall Activities: Ying Li IMIX Park Jiefangbei (aka IFC mall) Grand Opening of Xiaomi Store Pianist Zhang Haochen Meet-and-Greet Session Super Moon Exhibit 3D Ice Cream Event 13

15. Slide 15: Mall Activities: Ying Li IMIX Park Daping (aka Int’l Plaza mall)

    Mall Activities: Ying Li IMIX Park Daping (aka Int’l Plaza mall) Women’s Cooking Competition Kids’ Cooking Competition Beer Festival Family Foam Party Autumn Festival Building Blocks Carnival 14

16. Slide 16: Re-positioning: Ying Li IMIX Park Daping

    Re-positioning: Ying Li IMIX Park Daping Focusing on Entertainment and Family/Children-related Concepts Tailored to the Needs of Consumers New shop：Escape Chamber Entertainment 15

17. Slide 17: AEI: Ying Li IMIX Park Jiefangbei

    AEI: Ying Li IMIX Park Jiefangbei Continual Tenant Mix Rejuvenation and Space Optimisation to Generate Recurring Revenue and Higher Foot Traffic 16

18. Slide 18: AEI: Ying Li IMIX Park Daping

    AEI: Ying Li IMIX Park Daping Continual Tenant Mix Rejuvenation and Space Optimisation to Generate Recurring Revenue and Higher Foot Traffic 17

19. Slide 19: Project Updates

    Y zEReW YING LI INTERNATIONAL REAL ESTATE Project Updates 18

20. Slide 20: Update (A): Ying Li International Hardware and Electrical Centre (IEC), Chongqing

    Update (A): Ying Li International Hardware and Electrical Centre (IEC), Chongqing  One-stop hardware and electrical centre build-to-order (BTO) model catering to ~3,000 merchants  Located at Shuangfu neighbourhood in Jiangjin District, Chongqing’s secondary CBD, surrounded with amenities such as h

21. Slide 21: Update (A): Ying Li International Hardware and Electrical Centre (IEC), Chongqing

    Update (A): Ying Li International Hardware and Electrical Centre (IEC), Chongqing  Amalgamation of Chongqing’s hardware and electrical vendors at IEC  Collaboration with Chongqing Hardware & Electrical Industry Association Alliance which provides the ready customer base for the project Shift from

22. Slide 22: Update (B): Ying Li International Commercial Centre (ICC), Chongqing

    Update (B): Ying Li International Commercial Centre (ICC), Chongqing  Strategically located along Chongqing Financial Street in Chongqing’s main CBD Jiefangbei  Commenced pre-sales registration  Phase 1 on track to complete in 2018 Total GFA: ~320,000 sqm Commercial Type (Retail / SOHO / Office)

23. Slide 23: Update (B): Ying Li International Commercial Centre (ICC), Chongqing

    Update (B): Ying Li International Commercial Centre (ICC), Chongqing  High-end luxury SOHO Tower fitted with innovative smart home concept offers a higher quality of living  Façade installation for SOHO Tower has completed and interior renovation is in progress  Completed showroom reconfiguration

24. Slide 24: Update (C): New Everbright Centre, Beijing Tongzhou

    Update (C): New Everbright Centre, Beijing Tongzhou (Formerly Future Beijng)  Mixed-used development located in the Tongzhou New City Canal Core Area, the second CBD of Beijing  Approximately 2 million Beijing residents will gradually shift to Tongzhou as part of a massive urban extension project

25. Slide 25: Update (C): New Everbright Centre, Beijing Tongzhou

    Update (C): New Everbright Centre, Beijing Tongzhou (Formerly Future Beijng)  Connected to two Beijing subway lines (R1 and Line 6)  30 minutes away from the main Beijing CBD via subway  16km to current Beijing Capital International Airport and approximately 45km to the future 2nd Beijing Airport

26. Slide 26: Update (C): New Everbright Centre, Beijing Tongzhou

    Update (C): New Everbright Centre, Beijing Tongzhou (Formerly Future Beijng)  Adding finishing touches for the SOHO towers  Construction started on the office/retail land site Day view of project Artist’s impression of entire project Actual site: Broke ground for the office/retail land site Evenin

27. Slide 27: Update (D): San Ya Wan Phase 2 (Lion City Garden), Chongqing

    Update (D): San Ya Wan Phase 2 (Lion City Garden), Chongqing  Garden-like residential community comprising quality apartments targeted for the emerging middle class  Final Phase (2D) is at planning stage  Buyers have largely moved in upon handover of Phase 2A, 2B and 2C  Metro Line 10, convenien

28. Slide 28: Market Outlook

    Y zEReW YING LI INTERNATIONAL REAL ESTATE = TW Market Outlook 27

29. Slide 29: Market Outlook

    Market Outlook Chongqing : The highest GDP growth in China (%) 10.9 11.0 10.7 10.0 7.4 6.9 6.7 6.9 2014 2015 2016 3Q2017 China Chongqing Growing disposable income per capita Grade A office monthly rental rate (RMB) (RMB per sqm/month) 500 29,610 27,239 450 25,216 25,147 24,834 400 22,968 350 20,250

30. Slide 30: Exposure to Fast Economic Growth of Chongqing: Key Developments to Boost Economic Growth

    Exposure to Fast Economic Growth of Chongqing: 3 Key Developments to Boost Economic Growth 3rd G-to-G project is in Chongqing Belt and Road (一带一路) Source: Bloomberg, Straits Times Graphics Source: Ministry of Communications and Information China and Singapore have three G-to-G projects One of the 7

31. Slide 31: Chongqing Selected as One of the 7 New FTZs

    Exposure to Fast Economic Growth of Chongqing: Chongqing Selected as One of the 7 New FTZs What is a Free Trade Zone (FTZ)? A FTZ is an area set up in a sole country or region within which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of customs

32. Slide 32: Thank you

    Y zEReW YING LI INTERNATIONAL REAL ESTATE Thank you 31

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