New World Development Co. Ltd. · HKEX:17
New World Development — H1 FY2014 Earnings Presentation
14 slides from New World Development's earnings presentation, Feb 26, 2014
Slide 1: FY2013/2014 Interim Results
FY2013/2014 Interim Results 26 February 2014 New World ‧ One Step Forward ‧ We Create New Living Experience
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by New World
Slide 3: 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 61.3% 69.7% 72.3% As at 31 Dec 2013 New World ‧ One Step Forward
Slide 4: Financial highlights
Financial highlights Property development HK property Revenues Underlying profit segment results contracted sales* HK$ 27.2 bil HK$ 4.2 bil HK$ 5.1 bil HK$ 11.7 bil ↑11% ↑3% ↑22% ↑99% * Attributable/ As at 31 Dec 2013 New World ‧ One Step Forward ‧ We Create New Living Experience 4
Slide 5: Financial highlights
Financial highlights (HK$ million) 1HFY2014 1HFY2013 Change Revenues 27,180.2 24,455.0 ↑ 11% Total segment results 9,362.1 9,126.2 ↑ 3% Other gains, net 1,284.2 688.2 ↑ 87% Changes in fair value of investment properties 440.2 5,650.7 ↓ 92% Profit attributable to shareholders 4,529.2 9,985.9 ↓ 55% Un
Slide 6: Financial highlights: Segment results
Financial highlights Segment results (HK$ million) 1HFY2014 1HFY2013 Change Property development 5,139.9 4,215.9 ↑ 22% Property investment 1,283.9 1,716.5 ↓ 25% Service 727.8 881.8 ↓ 18% Infrastructure 1,374.5 1,301.9 ↑ 6% Hotel operations 246.2 336.4 ↓ 27% Department stores 377.6 361.1 ↑ 5% Telecom
Slide 7: Hong Kong property development
Hong Kong property development 1HFY2014 property development performance No. of residential unit sold in Hong Kong: 2,234* units, up 46% Attributable contacted sales proceeds: HK$ 11.7 billion, up 99% Projects launched in Hong Kong * Source: Government website/ Company data New World ‧ One Step Forw
Slide 8: Hong Kong property sales
Hong Kong property sales Contracted sales in key residential properties* * Source: Government website/ Company data No of units sold No of units sold No of units sold Key projects Total units sold (1 Jan 13 – 30 Jun 13) (1 Jul 13 – 31 Dec 13) (1 Jan 14 – 16 Feb 14) The Riverpark, Sha Tin 95 56 - 151
Slide 9: Hong Kong property launches
Hong Kong property launches Upcoming key launches Location NWD Total GFA/ sq ft Attri GFA/ sq ft Land source A. Presale consent application submitted Austin Station project Site D (JV project) South West Kowloon 50% 738,841 369,421 MTRC tender The Pavilia Hill Tin Hau 85% 396,546 337,064 Old buildin
Slide 10: Hong Kong landbank
Hong Kong landbank Hong Kong ready landbank Attributable GFA: 8,859,935 sq ft, 58% in urban area Ready landbank by location Attributable GFA (sq ft) Hong Kong Island 778,600 Kowloon 4,375,982 New Territories 3,705,353 Hong Kong farmland landbank Attributable land area: 19,389,470 sq ft Farmland by l
Slide 11: Hong Kong landbank replenishment strategy
Hong Kong landbank Landbanking replenishment strategy: equal emphasis on… Public auction and tender Old building redevelopment Farmland conversion Tsuen Wan West Station TW6, Tsuen Wan Des Voeux Rd W project, Western District* Clear Water Bay Rd project, Sai Kung Sai Yee St Project, Mong Kok Eight S
Slide 12: Rental operations
Rental operations 1HFY2014 property investment performance HK gross rental income: HK$ 754.2 mil, up 7% Major project rental performance Average occupancy New World Tower, Central 94% Manning House, Central 95% K11, TST 99% Pearl City, Causeway Bay 100% Discovery Park Shopping Centre, Tsuen Wan 86%
Slide 13: Hotel operations
Hotel operations We have 17 hotel properties in Hong Kong, China and South East Asia Location No. of hotels No. of rooms Hong Kong 6 3,489 China 8 3,031 South East Asia 3 1,464 Total 17 7,984 Grand Hyatt, Renaissance Harbour Hyatt Regency, Hyatt Regency, Wan Chai** View, Wan Chai TST Sha Tin ADR: HK
Slide 14: One Step Forward
One Step Forward We create new living experience New World ‧ One Step Forward ‧ We Create New Living Experience 14
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