New World Development Co. Ltd. · HKEX:17
New World Development — FY2012 Earnings Presentation
13 slides from New World Development's earnings presentation, Sep 26, 2012
Slide 1: FY2012 final results announcement
FY2012 final results announcement 26 September 2012
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE This presentation and the accompanying slides (the “Presentation”) which have been prepared by New World Development Company Limited (the “Company”) have been prepared and furnished solely for information purposes and do not constitute an offer, recommendation or invitati
Slide 3: Agenda
Agenda 1 Corporate structure 2 Financial highlights 3 Hong Kong property development 4 Hong Kong property investment 5 Hotel operations 2
Slide 4: Corporate structure
Corporate structure HK stock code: 17 Hong Kong Property Development and Investment NWS (HK stock code: 659) NWCL (HK stock code: 917) NWDS (HK stock code: 825) Infrastructure & Service Mainland Property Mainland Department Store 60.7% 69.9% 72.3% As at 30 June 2012 3
Slide 5: Financial highlights
Financial highlights (HK$ million) FY2012 FY2011 Change Revenues 35,620.1 32,882.0 ↑ 8% Total segment results 13,241.6 10,987.6 ↑ 21% Other gains, net 1,924.5 2,132.6 ↓ 10% Changes in fair value of investment properties 4,902.7 3,534.6 ↑ 39% Profit attributable to shareholders 10,139.0 9,153.9 ↑ 11%
Slide 6: Financial highlights: segment results
Financial highlights Segment results (HK$ million) FY2012 FY2011 Change Property development 5,274.0 4,743.1 ↑ 11% Property investment 2,016.9 1,761.5 ↑ 14% Service 1,907.2 1,620.2 ↑ 18% Infrastructure 2,343.7 1,872.6 ↑ 25% Hotel operations 609.6 433.1 ↑ 41% Department stores 766.1 582.4 ↑ 32% Telec
Slide 7: Hong Kong property sales
Hong Kong property sales 3 new projects launched with 1,246 units sold The Signature at Tai Hang – Mar 2012 The Riverpark at Sha Tin – Jun 2012 Double Cove at Ma On Shan – Sep 2012 The Masterpiece – 72 units sold The Reach at Yuen Long obtained the pre‐sale consent in Sep 2012 Non‐core
Slide 8: Hong Kong property sales: key launches in late 2012 & 2013
Hong Kong property sales Key launches in late 2012 & 2013 Location NWD % Total GFA Total units Attri GFA Attri units Land source Tong Yan Sun Tsuen project – Park Villa Yuen Long 100% 170,854 51 170,854 51 Farmland Tai Tong Road project – The Reach Yuen Long 21% 1,299,753 2,580 272,558 541 Farmland
Slide 9: Hong Kong landbank
Hong Kong landbank Location attri. GFA (sq ft) % HK Island 690,269 7% ‐ North Point 229,320 ‐ Tin Hau 337,064 ‐ Happy Valley 56,417 ‐ Mid Levels 26,334 ‐ Western District 41,134 Kowloon 4,260,686 45% ‐ West Kowloon 641,083 ‐ Tsim Sha Tsui * 2,951,285 ‐ Kai Tak * 285,601 ‐ Yau Tong 346,038 ‐ Hung Hom
Slide 10: Hong Kong landbank – farmland
Hong Kong landbank – farmland Farmland by location – total 18.7 million sq ft Location Attri Land area (sq ft) % Yuen Long 12,913,500 69% Fanling 2,386,000 13% Sha Tin/ Tai Po 2,162,000 11% Sai Kung 1,100,000 6% Tuen Mun 120,000 1% Total 18,681,500 100% Steady land supply from farmland conversion Ke
Slide 11: Hong Kong property investment
Hong Kong property investment Projects Atti GFA Avg Occupancy New World Tower, Central ‐ Office 562,187 96% New World Tower, Central ‐ Retail 77,948 100% Manning House, Central ‐ Office 46,657 98% Manning House, Central ‐ Retail 63,383 100% Pearl City, Causeway Bay 46,158 88% K11, Tsim Sha Tsui 264,
Slide 12: Hotel operations
Hotel operations HK hotels – satisfactory growth in ARR and occupancy Acquisition of the brand Rosewood Hotels & Resorts completed in Jul 2011 Total 16 hotels with 7,125 rooms in HK, Mainland and Southeast Asia Projects ARR (HK$) Avg occupancy Grand Hyatt Hong Kong 3,350 75% Renaissance Harbou
Slide 13: One Step Forward
One Step Forward We create new living experience 12
New World Development Company — FY2012 Earnings Presentation on 6ix