Slide 1: December 2018 Results
For personal use only December 2018 Results For the year ended 31 December 2018
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Tian An Australia Limited ACN 009 134 114 (TIA) and is general background information about TIA’s activities current as at the date of this presentation. This information is given in summary form and does not pur
Slide 3: Contents
Contents For personal use only 1. Overview 2. Financial Results 3. Project Summary 4. Project Updates The Milton Burwood Square 3
Slide 4: Overview
Overview For personal use only Underlying loss of $2.1 million. Statutory loss of $14.9 million. Financial Fair value write-down of Pymble $12.1 million, Oceanique $0.6 million and Lot 370 $0.1 million. Entered in a joint venture with LFD Developments Pty Ltd in May 2018 for a 98 apartment d
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only Year to Dec 2018 Year to Dec 2017 Change Summarised Profit and Loss Year to December 2018 Commentary ($M) ($M) ($M) Underlying profit/(loss) (2.1) 2.4 (4.5) 5 Settlements at SeaSpray Fair value change in Cascade Gardens (12.1) - (12.1) Delay i
Slide 6: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only Year to Dec 2018 Year to Dec 2017 Change Summarised Profit and Loss HY to December 2018 Commentary ($M) ($M) ($M) Revenue and Other income 3.0 14.4 (11.4) 5 Settlements at SeaSpray Cost of sales (1.4) (7.9) 6.5 Impairments (12.8) (1.2) (11.6)
Slide 7: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only Dec 2018 Dec 2017 Summarised Balance Sheet December 2018 Commentary ($M) ($M) Assets East Coast projects 55.9 44.2 Enfield and Pymble joint venture West Coast projects 52.7 53.9 Impairment of Oceanique and Lot 370 Other assets 14.5 28.7 Total As
Slide 8: Project Updates
Project Updates For personal use only Pymble –Burwood Cascade Gardens Square 8
Slide 9: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Carrying Value Total Project Gross Construction Nature of (GST exclusive) Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots 100% Currently in planning Enfield TBA 37.7 TBA - - Mid 2023 pr
Slide 10: Pymble and Enfield
Pymble Enfield For personal use only • TIA interest: 70% • TIA interest: 100% • 98 apartments (18% exchanged) • Residential development • Estimated Gross Realisation: $113.9 million • 12,619 sqm site • Status: Construction • Estimated Gross Realisation: $172 million • Project end: Mid 2023 • Status:
Slide 11: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 48.6 3,080 N/A N/A N/A Development Appr
Slide 12: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 potential lots • 66 luxury apartments (97% sold / 95% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved for subdivision and marina • Available apartments: 3 12