Fantasia Holdings Group Co. Ltd. · HKEX:1777
Fantasia — FY2009 Earnings Presentation
26 slides from Fantasia's earnings presentation, Mar 22, 2010
Slide 1: 2009 Annual Results Presentation
Stock Code：1777 2009 Annual Results Presentation March 22, 2010
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fantasia Holdings Group Co., Limited (the “Company”) solely for use at the presentation regarding the Company and its subsidiaries (collectively, the “Group”). No representation or warranty (whether express or implied) is made as to the fairness, acc
Slide 3: Agenda
Agenda Presenters 1. Mr. PAN, Jun Chairman, Chief Executive Officer 2. Mr. FENG, Hui Ming Executive Director, Group Vice President 3. Mr. CHAN, Alex Executive Director, Chief Financial Officer Section 1. Company overview 2. 2009 operation highlights 3. 2009 financial highlights 4. Market outlo
Slide 4: Company overview
1 Company overview
Slide 5: A leading property developer and property related service provider in China
A leading property developer and property related service provider in China We are a leading property developer and property related service provider in China 25 projects (1) completed with 1.49 mm sqm GFA in Shenzhen and Chengdu from 1996 to Feb 28, 2010 We have a land bank of 10.78 mm sqm GF
Slide 6: A review of 2009
A review of 2009 In 2009, Fantasia continued to implement the established strategies and achieved high growth China real estate market in 2009 Continue to implement our strategy of “Blossoming China” Under the further strengthening of economic Focus on the four fastest growing economic regions i
Slide 7: 2009 operation highlights
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Slide 8: Solid revenue base and diversified revenue streams
Solid revenue base and diversified revenue streams Our income is more diversified both in terms of product mix and region mix in 2009 and our construction area has also increased Contracted sales breakdown by region Total GFA completed 2008 2009 506,565 Beijing- Yangtze Ynagtze Tianjin River River 6
Slide 9: Solid revenue base and diversified revenue streams (cont’d)
Solid revenue base and diversified revenue streams (cont’d) In addition to the property development business, our property agency, property operation and hotel services also achieved substantial growth in 2009 Revenue from non-property development business 150 136.6 7% 24. 109.6 100 (RMB mm) 50 0 20
Slide 10: Highly competitive products leading to excellent sales performance
Highly competitive products leading to excellent sales performance We have developed a series of urban complexes and boutique upscale residences which are highly welcomed by our customers and have generated a high sales rate in a short time Shenzhen Love Forever Tianjin Hailrun Plaza Scarce small
Slide 11: Highly competitive products leading to excellent sales performance (cont’d)
Highly competitive products leading to excellent sales performance (cont’d) We have developed a series of urban complexes and boutique upscale residences which are highly welcomed by our customers and have generated a high sales rate in a short time Dongguan Mont Conquerant Chengdu Meinian Internati
Slide 12: Expanding low-cost high-quality land bank
Expanding low-cost high-quality land bank • We have adhered to our scientific and prudent land acquisition strategy to Average cost of land bank by Feb 28, 2010 acquire quality land at low cost and maintain our competitive strength • In 2009, the gross floor area of our newly acquired land bank amou
Slide 13: Expanding low-cost high-quality land bank (cont’d)
Expanding low-cost high-quality land bank (cont’d) We continue to focus our business on the four fastest growing economic regions in China in 2009. Currently, all of our land bank is located in the strategically advantaged areas in these regions. By Feb 28, 2010, our land bank has reached 10.78 mm s
Slide 14: Expanding low-cost high-quality land bank (cont’d)
Expanding low-cost high-quality land bank (cont’d) Under the strategy of “Blossoming China”, we continued to expand in the focused regions in 2009. Through diversified land acquisition strategies, we have strengthened our presence in these areas Shenzhen Meinian International Huizhou Huiyang Project
Slide 15: Expanding low-cost high-quality land bank (cont’d)
Expanding low-cost high-quality land bank (cont’d) In 2010, we continue to expand nationwide through diversified land acquisition strategies Suzhou Taihu Project Wuxi Project Dali Project Land Location Suzhou Taihu National Tourism Vacation Wuxi New City Xiaguan Town Zone Date Acquired Febru
Slide 16: Elevating segment synergies
Elevating segment synergies We have an integrated business model that drives our national expansion Real estate Property Market research Construction Marketing/sales Hotel services development operation Xinshengji Shenzhen Fantasia Construction & Engineering Hotel Services Co, “Top 10 brand name
Slide 17: Further enhancing brand image
Further enhancing brand image Our company and our properties have won numerous awards, further promoting our brand image Awards On Company Level 奖 March 2009, " 2009 China Top 100 Real Estate Developers” 奖 January 2010, " 2009 Top Ten Brand Developers in Shenzhen” 奖 December 2009, “Golden Prize for
Slide 18: Strong Partners
Strong Partners Design firms Contractors Suppliers Investors Banks – Hero Path Ltd. – Rouy Chai International Investment (Group) Co., Ltd. – Bondic International Holdings Ltd. – Dr. Choi Chee Ming – Mr. Huang De-Lin Benny – Mr. Joseph Lau, Luen Hung • Long-term partnerships with well-known design co
Slide 19: 2009 financial highlights
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Slide 20: Sustainable high growth
Sustainable high growth Our revenue increased 109% YoY in 2009 2009 financial highlights High growth (RMB mm) As of Dec 31 Revenue Gross profit 2,459 1,027 RMB mm 2009 2008 Change% 9% 9% 11 10 Revenue 2,459 1,174 109% 1,174 469 Gross profit 1,027 469 119% 772 223 154 334 EBITDA 837 333 151% 2006 200
Slide 21: Improving profitability
Improving profitability Profit margins further improved in 2009, indicating strong profitability Gross margin increase in 2009 EBITDA margin increase in 2009 40.0% 41.8% .8 % 34.1% +1 28.3% .8 % +5 2008 2009 2008 2009 EBIT margin increase in 2009 Net margin increase in 2009 33.7% 15.2% 27.6% .1 % .0
Slide 22: Prudent financial management
Prudent financial management While pursuing rapid expansion, we have maintained sufficient working capital and managed to greatly lower the net gearing ratio We have kept excellent credit record We have obtained credit facility of RMB 22 bn from China Everbright Bank and China Construction Ban
Slide 23: Market outlook
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Slide 24: Market outlook for 2010
Market outlook for 2010 2010 outlook – Global economic recovery is still on-going – China’s economy is facing challenges of “preventing inflation, maintaining growth and adjusting industrial structure” – Policies are expected to tighten and real estate market in China is expected to slow down from
Slide 25: The strategy for 2010
The strategy for 2010 2010 is a new starting point for our company to reach the next level in its sustained development. The strategies mainly include the followings. Achieve rapid business growth 1 through efficient implementation Enhance high-end services and Go on advocating high-performance en
Slide 26: Our targets for 2010
Our targets for 2010 Targets for 2010 Targets for 2010 2009 Change(%) GFA of newly commenced projects (‘0000 sqm) 111 69 61% GFA of completed projects (‘0000 sqm) 60 51 18% Saleable GFA constructed (‘0000 sqm) 113 77 47% Contracted sales GFA (‘0000 sqm) - 43 - Contracted sales YTD2010 By Feb 28, 201
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