Sino-ocean Service Holding Ltd. · HKEX:6677
Sino-ocean Service — H1 2022 Earnings Presentation
25 slides from Sino-ocean Service's earnings presentation, 2022
Slide 1: Interim Results 2022
INTERIM RESULTS 2022
Slide 2: Overviews
1 } | OVERVIEWS
Slide 3: Performance
Performance GFA Financial Commercial Segment Operation Revenue from commercial Contracted GFA Revenue Satisfaction Segment 121.5 m ㎡ RMB 1,600.3 m RMB 277.3 m 90 pts 14.8% 15.6% 34.3% 2 pts % of Gross profit from Managed GFA Net Profit attib to shareholders Fee collection rate commercial segment 79.
Slide 4: Balanced mix
Balanced mix p Total revenue achieved RMB 1,600.5m, growing 15.6% yoy. p Commercial operational and PM services gross profit mix accounted for 24.3% Revenue from PM and commercial operational Revenue Gross profit breakdown services （RMB million） （RMB million） 15.6% 26.7% PM and commercial operationa
Slide 5: Service oriented
Service oriented p Upgrading service standards, keeping fee collection rate stable and improving satisfaction rate. p Average management fee rate was RMB3.1/month/㎡ Fee collection ratio Satisfaction Average management fee rate （RMB / month/㎡） Focused on customer’ experience Environment improvement C
Slide 6: Steady GFA expansion
Steady GFA expansion p As at 30 June 2022, contracted GFA and managed GFA reached 121.5 million ㎡ and 79.4 million ㎡, respectively p Parent co delivered 30 premium residential and logistic park projects with contracted GFA 6.15 million ㎡ Contracted, Managed and Reserved GFA Breakdown of new Contract
Slide 7: Third-party expansion
Third-party expansion p Third-party expansion GFA reached 14.0 m ㎡ p Newly added third-party residential properties accounted for 32% Third-party expansion Third-party projects in 2022H1 Projects contracted GFA （million ㎡） Residential Medical Urban space Staff Family District Wuhan 32% 16% 14% Unive
Slide 8: Red Star property acquisition
Red Star property acquisition p Announced Red Star property acquisition, acquiring premium assets to facilitate expansion of Sino-Ocean Service p Red Star property shows clear prospect of endogenous growth with a higher-than-average reserve ratio 1 Residential-orientated 2 High reserve ratio Managed
Slide 9: M&A consolidation
M&A consolidation p Comprehensive integration of finance, human resources, culture and quality p Ourui signed 16 third-party projects with total contracted GFA of 653,000 ㎡ Consolidation measures Quality third-party projects Financial Human resources Wenzhou No. 3 Middle School Wenzhou Bureau of Civ
Slide 10: Commercial segment
Commercial segment p Revenue from commercial segment was RMB 280m for a 34.3% YoY growth; gross profit was RMB 100m for a 28.9% YoY growth p Including property management and commercial operational services, we signed 43 commercial projects and 36 office projects Contracted GFA of Revenue from PM an
Slide 11: Shopping mall segment
Shopping mall segment p Newly added 3 shopping mall under management/operation p Diverse marketing measures were implemented to assist tenants in their sales promotion Property Management Operational Service New third-party shopping malls 2 New parent co shopping mall 1 Ocean We-life, Chongqing – Ti
Slide 12: Office segment
Office segment p Providing personalized upgrades, achieving a rise in occupancy p Enhancing building quality to maintain competitiveness Insight tenant needs to enhance occupancy rate New projects 6pts Intercontinental Centre, Finance 12pts Ocean Star Sail Plaza Beijing Anjing, Chaoyang District Bei
Slide 13: Community VAS
Community VAS p Revenue from community VAS was RMB304.7 million, an 18% decline yoy. p Promoted two-dimensional growth of VAS, strengthened core value of business. Revenue from community VAS Strategy （RMB million） Scale and depth Property brokerage service Furnishing service Retail sales Community a
Slide 14: Asset service
Asset service p Upgrading one-stop asset service through the establishment of the “Zhimei Living” p Enhancing the conversion rates of property brokerage service and furnishing service Property Brokerage service Furnishing service ·Joint business model: Commission for individual transaction: RMB 1.21
Slide 15: Life Service
Life Service p Guided by customers’ needs, retail focused on merchandise selection and marketing p Community assets VAS brings in premium resources of convenience facilities Community retail Community assets VAS Merchandise selection Convenience facilities • Concern for people’s livelihood, safeguar
Slide 16: Community senior living services
Community senior living services p Continuing to improve the contents and standards of the service to explore a replicable business model p Providing a complete range of service-to-client scenarios by building an online smart platform and offline site Product matrix Community activities • Facility m
Slide 17: Facilities Management
Facilities Management p Revenue from VAS to non-property owners amounted to RMB 352m at YoY growth of 31.2% p Revenue from property engineering services amounted to RMB 138m at YoY growth of 23.5%, with ongoing optimisation of revenue mix Revenue from VAS to non-property owners Revenue from property
Slide 18: Intelligence
Intelligence p Business model came into shape to facilitate technology-empowered smart city development p Engaging in intensive cooperation with Beijing Intelligent to undertake and implement intelligent upgrades and conversion projects Product of Yingwei Technology SaaS Intelligence integration Sma
Slide 19: ESG
ESG Green Operation Social Responsibility ·Community renovation ·Delivery of supplies ·Sustainable property management ·Safeguard community Tower A, Ocean International Center BOMA BEST Golden Certification ·Energy saving and emission reduction ·Public welfare activity 19
Slide 20: Financial Highlights
Sd» FINANCIAL HIGHLIGHTS
Slide 21: Revenue
Revenue p Interim revenue amounted to RMB1,600.3 million, increasing by 15.6% YoY; p PM and commercial operation services, community VAS and VAS to non-property owners accounted for 59.0%, 19.0% and 22.0%, respectively Revenue from PM and commercial operation services Revenue （RMB million） （RMB mill
Slide 22: Gross profit and gross profit margin
Gross profit and gross profit margin p Gross profit amounted to RMB 428.5 million, decreasing by 2.9% YoY p Gross profit margin was 26.8%, declining by 5.1 pts YoY （RMB million） Gross profit （RMB million） 824.8 12.2% （RMB million） 511.3 441.3 428.5 38.1% （RMB million） 61.8% 22
Slide 23: Net profit attrib to shareholders, core net profit and EPS
Net profit attrib to shareholders, core net profit and EPS p Net profit attributable to shareholders amounted to RMB266.7million at 2.1% YoY growth; p Core net profit amounted to RMB271.9 million at 0.4% YoY growth, while core net profit margin was 17.0% p EPS RMB0.23 Profit EPS （RMB million） （RMB）
Slide 24: Other financial indicators
Other financial indicators p Net cash from operating activities RMB75.8 million p Cash on hand RMB2,474.5 million Net cash from operating activities Cash on hand （RMB million） （RMB million） 24
Slide 25: Disclaimer
DISCLAIMER These materials have been prepared by Sino-Ocean Service Holding Limited (the “Company”) solely for informational use during its presentation to prospective and existing investors for introduction of the Company and to provide an update on the business performance and development of the C
Sino-Ocean Service Holding — H1 2022 Earnings Presentation on 6ix