Sunland — FY2016 Earnings Presentation
21 slides from Sunland's earnings presentation, 2016
Slide 1: Full Year Results 2016
FULL YEAR RESULTS 2016 Sunland Group
Slide 2: Group Overview
GROUP OVERVIEW
Slide 3: 22 years listed, 33 years as property developer
In 2016, Sunland Group is celebrating 22 years as a listed company on the Australian Securities Exchange and 33 years as a leading property developer, delivering award-winning, design driven communities along Australia’s eastern seaboard. The Group’s core operating segments comprise Residential Hous
Slide 4: Group Narrative and Key Milestones
G R O U P N A R R AT I V E A N D K E Y MI L E S T O N E S CHAPTER ONE CHAPTER TWO CHAPTER THREE CHAPTER FOUR CHAPTER FIVE CHAPTER SIX 1983—1990 1991—1999 2000—2005 2006—2009 2010–2015 2016–BEYOND PIONEERING YEARS CREATIVE INNOVATION NATIONAL EXPANSION GLOBAL GROWTH STRATEGIC EVOLUTION NEW HORIZONS [
Slide 5: National Portfolio
N AT I O N A L P O R T F O L I O The Group’s portfolio represents in excess of 6,300 residential homes, urban land lots and multi-storey apartments, representing $4.3 billion.* RESIDENTIAL MULTI-STOREY URBAN TOTAL HOUSING # # # # 3,189 1,565 1,550 6,3 04 $M $M $M $M 2,903 1,046 308 4 ,257 *THIS FIGU
Slide 6: FY16 Key Results
F Y16 K E Y R E S U LT S S UNLAND IS WELL POSIT IONED T O CA PITA LISE ON T HE DELIVERY OF THE STR ATEGIC SI TES ACQUIRED IN RECENT YEA RS, PA RT ICULA RLY IN SOUT H EAST QUEENSL A ND A ND AC ROSS THE GROUP’S SUBSTA NT IA L MULT I- ST OREY DEVELOPMEN T PIPELINE STRONG FY16 FINANCIAL RESULT UNDERPINN
Slide 7: FY16 Milestones
F Y16 M I L E S T O N E S CAPITAL MANAGEMENT PORTFOLIO ■■ The Group’s combined share buy back programs commenced ■■ The portfolio is weighted towards South East Queensland during 2009 and have reduced the issued shares by ■■ Re-emergence of multi-storey portfolio with a predominant approximately 50%
Slide 8: 2016 Portfolio Under Construction and Coming Soon
2 0 16 P O R T F O L I O U N D E R C O N S T R U C T I O N & C O M I N G S O O N COMING SOON BRISBANE G R AC E ON C O RON AT ION m u lt i - s to r e y TOWNSVILLE B AYS ID E u r b a n d e v e lo p m e n t EVERTON HILLS residential housing GOLD COAST THE LAKES m u lt i - s to r e y / r e ta i l PA L M
Slide 9: Financial and Operational Review
F IN A N C I A L A N D O P E R AT I O N A L R E V I E W
Slide 10: Financial Performance
FINANCIAL PERFORMANCE RESIDENTIAL HOUSING AND URBAN DEVELOPMENT KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 30 JUNE 2016 ■■ Residential housing and urban development continues to provide a sound $M FY16 FY15 % CHANGE earnings profile and will be strategically complimented by multi-storey portfolio TO
Slide 11: Operational Review: Sales and Settlements
O P E R AT I O N A L R E V I E W — S A L E S A N D S E T T L E M E N T S HISTORICAL SALES VALUE AND VOLUME (YEAR ENDING 30 JUNE 2016) AVERAGE SALE PRICE (YEAR ENDING 30 JUNE 2016) 500 500 12001200 800 800 509.0 509.0 10671067 700 700 675.0 675.0 400 400 10001000 389.0 389.0 600 600 618.4 618.4 613.0
Slide 12: Operational Review: Projects Under Construction
O P E R AT I O N A L R E V I E W — P R O J E C T S U N D E R C O N S T R U C T I O N 294823 MULTI-STOREY $240M PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 30 JUNE 2016) UNSE TTL ED CONTRACTED % CONTRACTED LOTS LOTS LOTS URBAN 23% 29% $308M # $M # $M # $M VALUE OF MULTI-STOREY 150 240 150 240 100%
Slide 13: Operational Review: Total Development Portfolio
O P E R AT I O N A L R E V I E W — T O TA L D E V E L O P M E N T P O R T F O L I O URBAN $308M 68626 TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 30 JUNE 2016) HOUSING 7% $1,046M TO BE UNDE R TOTAL DE V E LOPMENT 25% RE L E ASED CONSTRUCTION PORTFOLIO # ( $M) # $M # $M VALUE OF TOTAL MULTI-STOREY
Slide 14: Outlook
OUTLOOK
Slide 15: Outlook
OUTLOOK SUNLAND IS FOCUSED ON the delivery of its portfolio within the strong performing markets of South East Queensland, Sydney and Melbourne. The Group’s portfolio provides earnings visibility into the medium-term. SUNLAND INTENDS TO LAUNCH up to nine new residential developments in FY17 across t
Slide 16: Portfolio Details
P O R T F O L I O D E TA I L S
Slide 17: Portfolio Under Construction
PORTFOLIO UNDER CONSTRUCTION PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) ( $M) ( #) ( $M) (# ) ($ M) (# ) ($ M) (# ) ($ M) MULTI STOREY ABIAN, QLD 150 240.3 0 - 150 240.3 150 240.3 0 - SUB-TOTAL 150 240.3 0 - 150 240.3 150 240.3 0 - HOUSING ROYAL P
Slide 18: Portfolio To Be Released
PORTFOLIO TO BE RELEASED PORTFOLIO TO BE RELEASED YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS ( #) (M) ( #) (M) ( #) (M) (# ) (M) (# ) (M) MULTI STOREY INGLESIDE - ELLANORA, NSW 72 58.8 72 58.8 0 - 72 58.8 MARINERS COVE, QLD 439 482.7 439 482.7 0 - 439 482.7 TOOWONG, QLD 506 485.0
Slide 19: Project Settlement Timeline: Under Construction
PROJECT SETTLEMENT TIMELINE PORTFOLIO UNDER CONSTRUCTION F Y17 FY18 FY19 FY20 & BEYOND MULTI STOREY ABIAN, QLD HOUSING CARRÉ, VIC THE GARDENS, VIC THE TERRACES, QLD MAGNOLI, QLD PARKWAY—SANCTUARY COVE, QLD MELIAH—SANCTUARY COVE, QLD ANCORA, QLD SHEA RESIDENCES, QLD THE HEIGHTS RESIDENCES QLD DAHLIA,
Slide 20: Project Settlement Timeline: To Be Released
PROJECT SETTLEMENT TIMELINE PORTFOLIO TO BE RELEASED F Y17 FY18 FY19 FY20 & BEYOND MULTI STOREY MARINER'S COVE, QLD GRACE ON CORONATION, QLD 1 MARINE PARADE, QLD MARINA CONCOURSE, QLD PALM BEACH, QLD THE LAKES, QLD HOUSING ELLANORA, NSW 18 MCPHERSON STREET, NSW MONAVALE, NSW EVERTON HILLS, QLD PALM
Slide 21: Sunland Group
Sunland Group ESTABLISHED 983