Vanke Overseas Investment Holding Co., Ltd. · HKEX:1036

Vanke Overseas Investment — Vanke Property (Overseas) — Investor Presentation (March 2016)

15 slides from Vanke Overseas Investment's investor presentation, March 2016

  1. Slide 1: Vanke Property (Overseas) Limited Investor Presentation

    Vanke Property (Overseas) Limited Investor Presentation March 2016

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Vanke Property (Overseas) Limited (the “Company” or “VPO”) for the exclusive use of the party to whom the Company delivers this presentation (the “Recipient”). This presentation has been prepared solely for information purpose and does not constitute

  3. Slide 3: Contents

    Contents Page  Company History 1  2015 Annual Results Highlights 2  Property Investment 4  Property Development 8  Outlook 11

  4. Slide 4: Company History

    Company History Wing Tai entered into Winsor was an agreement to renamed as Vanke dispose its entire Property (Overseas) interest in Winsor to 12/12 China Vanke, followed by a general offer from China Completion of a Vanke 5/12 one-for-two rights issue Listed by way of introduction in the Hong 8/15

  5. Slide 5: 2015 Annual Results Highlights

    2015 Annual Results Highlights Revenue (HK$’M) Income Statement Audited Audited 2015 2014 Change 86 89 83 78 Revenue (HK$’M) 89.1 85.8 4% *2012 2013 2014 2015 Gross profit (HK$’M) 68.9 66.0 4% Net profit (HK$’M) 161.7 137.6 18% Gross profit (HK$’M) Underlying profit (HK$’M) 36.0 28.0 29% 69 EPS (HK

  6. Slide 6: 2015 Annual Results Highlights (Cont'd)

    2015 Annual Results Highlights (Cont’d) Shareholders' equity (HK$'M) Balance Sheet Audited Audited 2,739 2015 2014 Change 1,129 1,279 1,423 1,552 Investment properties 1,619.9 1,494.2 8% (HK$’M) Net assets per share (HK$) Interest in an associate 459.0 429.4 7% 7.0 (HK$’M) 4.3 4.9 5.5 6.0 Bank balan

  7. Slide 7: Property Investment

    Property Investment  Regent Centre  Completed in 1996  Two industrial towers, comprising 816 units and a 3-storey carpark podium. Total GFA: 1,030,000 square feet.  VPO owns 530 units and the carpark podium. Total GFA: 657,000 square feet, equivalent to 64% of the total GFA. 4

  8. Slide 8: Property Investment (Cont'd)

    Property Investment (Cont’d) Passing rent Occupancy rate HK$/psf % 9.2 97 8.7 8.3 95 7.9 94 7.7 93 93 Cost of services to revenue ratio Rental yield, net % % 23.8 4.8 23.1 4.5 4.4 22.7 22.6 4.3 2012 2013 2014 2015 2012 2013 2014 2015 5

  9. Slide 9: Property Investment (Cont'd)

    Property Investment (Cont’d) D No. Property C A A Regent Centre B Reason Group Tower B C Viking Technology & Business Centre D Asia Trade Centre E Ever Gain Plaza Tower E 6

  10. Slide 10: Property Investment (Cont'd)

    Property Investment (Cont’d) 7

  11. Slide 11: Property Development

    Property Development • West Rail Tsuen Wan West Station TW6 Property Development Project • Jointly developed by New World Development (80%) and VPO (20%) • Residential portion of 675,000 square feet and government portion of 129,000 square feet • Acquired in August 2013 for HK$727.9 million • Number

  12. Slide 12: Property Development (Cont'd)

    Property Development (Cont’d) 9

  13. Slide 13: Property Development (Cont'd)

    Property Development (Cont’d) 10

  14. Slide 14: Outlook

    Outlook  Existing assets - Regent Centre - TW6 Project  Remaining rights issue proceeds of HK$709.2 million  Awaiting property acquisition opportunities 11

  15. Slide 15: Thank you! Q&As

    Vonke rr Thank you! Q&As

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