Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — 6M-Sep2021 Earnings Presentation
14 slides from Yoma Strategic's earnings presentation, Nov 29, 2021
Slide 1: 6M-Sept2021 Earnings Results
6M-Sept2021 Earnings Results Yoma Strategic Holdings Ltd. 1
Slide 2: 6M-Sep2021 Key Financial Highlights – Profit and Loss
6M-Sep2021 Key Financial Highlights – Profit and Loss 1) Severe disruptions Statement of Income 6M-Sep2020 6M-Sep2021 (US$ million) (US$ million) 6M-Sep2021 included periods of extraordinary disruption Revenue 51.2 43.4 in Myanmar. Extended holidays were announced after the Cost of sales (34.6) (28.
Slide 3: 6M-Sept2021 Profit and Loss Key Items
6M-Sept2021 Profit and Loss Key Items Statement of Income 6M-Sept2021 I. Revenue (US$ million) • HRGCCL recognised a US$6.5 million net fair value gain on its investment properties (see below explanation). Therefore, 6M-Sept2021 revenue included positive operator fee income1 of US$4.8 million which
Slide 4: Illustration of Investment Properties FMV Movements
Illustration of Investment Properties FMV Movements P&L Effects in Local Subsidiaries MMK Accounts Consolidation into the Group USD Balance Sheet Subsequent expenditures on IPs MMK 423.9b $2.7m Fair MMK 358.3b $273.4m value gain MMK 61.5b* (equivalent $41.4m) $228.9m Currency translation $217.8m los
Slide 5: 6M-Sep2021 Key Financial Highlights – Balance Sheet
6M-Sep2021 Key Financial Highlights – Balance Sheet Net Debt & Net Gearing Ratio US$ million Net Debt Total Capital Gearing Ratio 1200 35% 32.3% 1000 27.7% 30% 30.4% 27.8% Pro forma net gearing 25% 800 ratio upon completion of the Ayala second tranche 20% 600 15% 400 10% 200 5% 0 0% Sept 2020 Mar 20
Slide 6: Segment Results - Yoma Land Development
Segment Results - Yoma Land Development Revenue Contribution: Revenue: Revenue decline Y-o-Y was primarily due to the decrease in revenue recognition at the US$15.6 million Yoma Central project due to the project’s suspension. -16% y-o-y • Revenue from StarCity and Pun Hlaing Estate remained relativ
Slide 7: Segment Results - Yoma Land Services
Segment Results - Yoma Land Services Revenue Contribution: Revenue: Revenue increased significantly Y-o-Y primarily due to higher operating fee income US$8.3 million from the Hlaing River Golf and Country Club. 124% y-o-y • Leasing revenue declined due to lower rental rates which were offered to boo
Slide 8: Segment Results - Yoma Financial Services
Segment Results - Yoma Financial Services Revenue Contribution: Revenue: US$3.3 million Yoma Fleet -13% y-o-y • Fleet size shrank by 2.7% to 1,315 vehicles with corresponding decrease in revenue 8% Core operating EBITDA excluding • Operating lease and daily rental businesses continue to face headwin
Slide 9: Segment Results - Yoma F&B
Segment Results - Yoma F&B Revenue Contribution: Revenue: Restaurants business faced significant disruptions and shifts during 6M-Sep2021: US$9.2 million -26% y-o-y • Right-sized its operations to focus on profitability going forward. Store closures resulted in significant write-downs during the per
Slide 10: Segment Results - Yoma Motors
Segment Results - Yoma Motors Revenue Contribution: Revenue: Heavy Equipment business impacted by the absence of government tenders and a US$6.3 million lower demand environment (monsoon season, falling crop prices, disruptions to hire- -49% y-o-y purchase financing from local banks to customers). 1
Slide 11: 6M-Sept2021 Strategic Updates
6M-Sept2021 Strategic Updates Update on the Ayala second tranche • The long stop date has been extended to 31st December 2021. Wave Money • Previous agreement to acquire Telenor’s 51% stake in Wave Money. The Group remains in discussion with Telenor regarding Wave Money’s future strategy and structu
Slide 12: For enquiries, please contact
Note: This news release should be read in conjunction with the results announcement released on the SGXNet on 26 November 2021. For enquiries, please contact: Analyst contact: Ms. Jane Kwa, Tel: (65) 9759 2602 or (95) 09 79311 3587 Email: janekwa@yoma.com.mm Ms. Hnin Yu Mon, Tel: (95) 9253 0011 00 E
Slide 13: Appendix: Core Operating EBITDA excluding extraordinary items
Appendix 6M-Sep 2021 Core Operating EBITDA excluding extraordinary items and current year provisions US$ Million 50 47.2 20.8 45 40 35 8.0 (4.8) 30 1.8 0.9 0.8 25 9.7 2.3 20 1.9 15 10 6.0 5 0 Net Profit Interest expenses Interest expense Taxes Depreciation and Currency translation Shares of profit S
Slide 14: Appendix: Profit and Loss – 6M-Sep2020 vs 6M-Sep2021
Appendix Profit and Loss – 6M-Sep2020 vs 6M-Sep2021 6M-Sep2020 6M-Sep2021 Real Estate Real Estate Financial F&B Motors Investment & Total Real Estate Real Estate Financial F&B Motors Investment & Total Development Services Services Corporate Development Services Services Corporate Revenue 18.6 3.7 3
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