Soundwill Holdings Limited · HKEX:878
Soundwill — FY2016 Earnings Presentation
23 slides from Soundwill's earnings presentation, Mar 28, 2017
Slide 1: 2016 Annual Results
Stock code: 878.HK 2016 Annual Results 1
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 18 2.5 Stock code : 878.HK 16 14 2 Listing date : March 1997 12 1.5 10 No. of issued share capital 8 : 283,308,635 shares 1 (as at 23 Mar 2017) 6 4 0.5 Share price (as at 23 Mar 2017) : HK$14.56 2 0 0 Market cap (as at 23 Mar 2017) : HK$4.125
Slide 4: Milestone
Milestone Causeway Bay 1954 Soundwill Plaza I 2004 Soundwill Plaza II -Midtown Causeway Bay 2010 Park Haven 2010 THE SHARP Tai Hang 2010 COHO Jones Hive WarrenWoods Kwai Chung iCITY iPLACE 2014 4
Slide 5: Soundwill's Footprint
Soundwill’s Footprint Industrial Residential New Territories Kowloon Commercial Hong Kong Island Property Investment 5
Slide 6: Property Redevelopment Strategies
Property Redevelopment Strategies Sale of un-developed Lun Fat St. project Hing Wan St. project Mosque St. project 1• land sites after site re- Lin Fa Kung Tung Lo Wan 1-3years zoning & modifying St. project Road project building plan All projects sold out 2• Property development – self-development
Slide 7: 2016 Annual Results
- 2016 Annual Results
Slide 8: 2016 Annual Results Highlights
2016 Annual Results Highlights Turnover Revenue Revenue by business segments HK$ mil 1,800 1,600 1,627.9 1,400 Property leasing 1,200 31% (95%) 1,000 Property 800 development Building 600 68% (2%) management & 540.5 other services 400 1% (3%) 200 0 2015 2016 (Comparative figures of 2015 in parenthes
Slide 9: Earnings
Earnings Underlying profit * Basic earnings/(loss) per share HK$ mil HK$ 350 11.5 330 300 9.5 9.97 250 7.5 200 150 170 5.5 100 3.5 50 1.5 0 2015 2016 -0.18 -0.5 2015 2016 *Exclude net gain/(loss) on fair value adjustments on investment properties and gain on disposal of subsidiaries 9
Slide 10: Net Asset Overview
Net Asset Overview NAV NAV per share NAV per share breakdown (HK$ bn) (HK$) (as at 31 Dec 2016) HK$ 25 67.1 70 Soundwill Plaza 33.7 58.7 57.9 Soundwill Plaza II – Midtown 10.6 60 20 53.6 THE SHARP 1.9 Total: 19.0 49.1 Total: 16.7 Total: 16.5 9.6 50 10 Knutsford Terrace 3.3 Total: 15.0 7.9 7.6 15 Tot
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights As at 31 Dec 2015 As at 31 Dec 2016 Change HK$ mil (HK$mil) (HK$mil) Total assets 19,963 22,343 ↑12% Net assets 16,531 19,003 ↑15% Cash and cash equivalents 374 1,592 ↑326% Bank deposit at escrow account 346 51 ↓85% Total borrowings 2,137 1,694 ↓21% Gearing ratio* 13% 9% ↓4p
Slide 12: Financial Ratios
Financial Ratios Total Debt / Total Equity Debt Maturity (as at 31 Dec 2016) % HK$bil 40% 2 34.1% 26.3% 1.2 21.7% 20% 1 13.2% 12.9% 8.9% 0.5 0.0 0% 0 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 < 1 yr 1 - 5 yrs > 5 yrs Net Debt / EBITDA Interest Cover Times Times 26.3 85.3 80 20 60 53.0 41.3 40 30.1 1
Slide 13: Business Overview
Business Overview
Slide 14: Grade-A Investment Portfolio – Commercial: Soundwill Plaza
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay Soundwill Plaza, Causeway Bay Times Square 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 Destination of choice for i
Slide 15: SWP Current Tenants
SWP Current Tenants (as at 31 Dec 2016) 32-39/F 3-31/F Street level 15
Slide 16: Grade-A Investment Portfolio – Commercial: 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 Grand opening in Dec 2014 Midtown POP on 17/F & 18/F – a 15,8
Slide 17: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial New retail complex THE SHARP, Causeway Bay Total leasing GFA : 4,800 sq. ft. (G/F retail space retained for investment purposes) Pre-sold all 29 floors on 3 Jan 2013 - GFA : 45,900 sq. ft. - ASP : HK$33,600 / sq. ft. Status - Delivered in March 2016 an
Slide 18: Grade-A Investment Portfolio – Residential
Grade-A Investment Portfolio – Residential Boutique residences in premium locations WarrenWoods 尚巒, Tai Hang Occupancy date : Oct 2012 162 out of 163 units sold Proceeds : HK$1,212 mil (recognized in FY2012) Status: Skyline penthouse was sold on 2 January 2016 Proceeds : HK$143,630,000 (re
Slide 19: Land Bank & Est. Development Completion Timeline
Land Bank & Est. Development Completion Timeline Est. year of completion Project location Development plan FY2016 FY2017 FY2018 「COHO」 Commercial/residential complex Tai Hang School St. 書館街 GFA: 23,200 sq. ft. 「iPLACE」 Industrial complex Kwai Chung Castle Peak Road 青山公路 GFA: 126,000 sq. ft
Slide 20: Appendix
- Appendix
Slide 21: Shareholding / Corporate Structure
Shareholding / Corporate Structure Chairman Other Public Shareholders Madam Grace Foo and family 71.8% 28.2% Property Assembly & Property Property Resale Leasing Development No. of issued shares : 283,308,635 shares (as at 23 March 2017) 21
Slide 22: Unified Projects Overview
Unified Projects Overview Project Year unified Project status WarrenWoods 尚巒 2009 Completed in 2012 (Warren St.) Soundwill Plaza II – Midtown 2010 For lease (Tang Lung St.) Park Haven 曦巒 2010 Completed in 2014 (Haven St.) THE SHARP 2010 Completed in 2016 (Sharp St. East & Yiu Wah St.) COHO 2011 For
Slide 23: Thank You
- Thank You