Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — Q4 FY2014 Earnings Presentation
29 slides from Ytl Hospitality Reit's earnings presentation, Aug 22, 2014
Slide 1: Fourth Quarter 2014 Financial Results
YTL Hospitality REIT – A leading Asia Pacific hospitality REIT Fourth Quarter 2014 Financial Results 22 August 2014
Slide 2: 1. Key Highlights
1. Key Highlights
Slide 3: Key Highlights – 4Q FY2014 Results
Key Highlights – 4Q FY2014 Results Revenue increased to RM100.5 million, up 0.7% from 4Q FY2013 Net Property Income (“NPI”) of RM45.1 million, similar to 4Q FY2013(1) 2.48 sen distribution per unit (“DPU”) declared for 4Q FY2014, up 19.2% from 3Q FY2014 of 2.08 sen(2) Australia portfolio remains key
Slide 4: Key Highlights – Full Year FY2014 Results
Key Highlights – Full Year FY2014 Results Revenue increased to RM425.1 million, up 45.6% from FY2013(1) NPI increased 29.2% to RM202.9 million from FY 2013(1) (2) 8.46 sen DPU for FY2014, up 14.6% from 7.38 sen paid for FY 2013 Gearing ratio at 47.6% as of 30 June 2014 post revaluation surplus on po
Slide 5: Distribution time table for 4Q FY2014
Distribution time table for 4Q FY2014 Distribution period 1 April to 30 June 2014 Distribution per unit 2.48 sen Distribution timetable Ex-date 13 August 2014 Entitlement Date 15 August 2014 Payment Date 29 August 2014 4
Slide 6: 2. Financial Results
2. Financial Results
Slide 7: Financial Snapshot
Financial Snapshot 4Q FY2014 4Q FY2013 % change FY2014 FY2013 % change (RM'000) Revenue 100,490 99,796 + 0.7% 425,114 292,021 + 45.6% Net property income (1) 45,139 45,155 (0.0%) 202,867 156,975 + 29.2% Income available for distribution 30,728 28,535 + 7.7% 117,142 105,183 + 11.4% Income distributio
Slide 8: Financial results Income statement
Financial results Income statement Fiscal year ended, 30 June 4Q FY2014 4Q FY2013 FY2014 FY2013 (RM'000) Hotel revenue 72,140 71,495 311,657 179,192 Property revenue 28,350 28,301 113,457 112,829 Total revenue 100,490 99,796 425,114 292,021 Property operating expenses (1) (55,351) (54,641) (222,247)
Slide 9: Financial results Balance sheet
Financial results Balance sheet As at 30 June FY2014 FY2013 (RM'000) Current assets 168,045 176,432 Non-current assets 3,157,589 2,815,188 Total assets 3,325,634 2,991,620 Current liabilities 77,197 97,634 Non-current liabilities 1,578,771 1,577,918 Total liabilities 1,655,968 1,675,552 Net Asset Va
Slide 10: Distribution performance
Distribution performance Distribution per unit (sen) (1) (1) YTL Hospitality REIT started paying quarterly distributions commencing the financial year ended 30 June 2014 (1) Includes one-off gain on sale of Convertible Preferred Units issued by Starhill Global Real Estate Investment Trust amounting
Slide 11: Breakdown of revaluation surplus of RM343.0 million in May 2014
Breakdown of revaluation surplus of RM343.0 million in May 2014 Net Book Value (RM million) Australian properties - Sydney Harbour Marriott + RM178.5 mil - Brisbane Marriott - RM49.7 mil - Melbourne Marriott + RM36.7 mil Malaysian properties - JW Marriott Hotel Kuala Lumpur + RM33.3 mil - The Reside
Slide 12: 3. Portfolio Performance by Country
3. Portfolio Performance by Country
Slide 13: Portfolio performance by country 4Q FY2014 versus 4Q FY2013
Portfolio performance by country 4Q FY2014 versus 4Q FY2013 Revenue (RM'000) Net property income (RM'000) 4Q FY2014 4Q FY2013 % change 4Q FY2014 4Q FY2013 % change Australia 72,140 71,495 + 0.9% 19,550 19,298 + 1.3% Malaysia 24,488 24,413 + 0.3% 22,904 23,210 (1.3%) Japan 3,862 3,888 (0.7%) 2,685 2,
Slide 14: Portfolio performance by country FY2014 versus FY2013
Portfolio performance by country FY2014 versus FY2013 Revenue (RM'000) Net property income (RM'000) FY2014 FY2013 % change FY2014 FY2013 % change (2) (1)(2) Australia 311,657 179,192 + 73.9% 97,395 52,104 + 86.9% Malaysia 97,950 97,426 + 0.5% 92,725 92,479 + 0.3% Japan 15,507 15,403 + 0.7% 12,747 12
Slide 15: Details of Australia portfolio performance - 4Q FY2014 vs 4Q FY2013
Details of Australia portfolio performance - 4Q FY2014 vs 4Q FY2013 Average Daily Rate (A$) Occupancy rate (%) RevPar (A$) 241 192 235 79.9% 186 79.1% 4Q FY2013 4Q FY2014 4Q FY2013 4Q FY2014 4Q FY2013 4Q FY2014 14
Slide 16: Details of Australia portfolio performance - FY2014 vs FY2013
Details of Australia portfolio performance - FY2014 vs FY2013 Average Daily Rate (A$) Occupancy rate (%) RevPar (A$) 253 84.2% 213 83.1% 240 199 FY2013 FY2014 FY2013 FY2014 FY2013 FY2014 . 15
Slide 17: 4. Capital Management
4. Capital Management
Slide 18: Debt maturity profile
Debt maturity profile Debt maturity profile as at 30 June 2014 Gearing details As at 30 June 2014 (RM'000) Total debt 1,581,800 Total assets 3,325,634 Gearing 47.6% (1) Interest cover 2.5x Average interest rate p.a. 4.54% (2) Weighted average debt maturity 3.4 years Maturity date of secured loan 23-
Slide 19: 5. Appendix
5. Appendix
Slide 20: YTL Hospitality REIT overview
YTL Hospitality REIT overview A unique investment opportunity providing exposure to high quality Asia Pacific hospitality assets 9 luxury hotels, 3 upscale hotels and 1 serviced residence YTL Hospitality REIT overview No. of rooms / Market Asset value NPI breakdown(2) Countries units capitalisation(
Slide 21: Portfolio valuation
Portfolio valuation 3,706 rooms and units located across 3 countries Portfolio overview # of rooms / units Appraised value (RM'000) % of total appraised value JW Marriott Hotel Kuala Lumpur* 561 383,000 12.1% The Residences at The Ritz-Carlton, Kuala Lumpur* 114 239,000 7.6% The Ritz-Carlton, Kuala
Slide 22: A portfolio of upscale and luxury hotels and serviced residences
A portfolio of upscale and luxury hotels and serviced residences 3,706 rooms located across 3 countries Focused on city and destination hotels and resorts managed by best-in-class operators and affiliated with quality global brands Japan Asset breakdown by country(1) Hilton Niseko Village Malaysia (
Slide 23: Luxury hotels and residences Malaysia
Luxury hotels and residences Malaysia The Residences at The Ritz-Carlton, Kuala JW Marriott Hotel Kuala Lumpur The Ritz-Carlton, Kuala Lumpur Lumpur 168, Jalan Imbi and Jalan Yap Tai Chi, 55100 Lot 1308, Jalan Yap Tai Chi, Seksyen 67 Off Address 183, Jalan Bukit Bintang, 55100 Kuala Lumpur Kuala Lum
Slide 24: Luxury hotels Malaysia and Japan
Luxury hotels Malaysia and Japan Pangkor Laut Resort Tanjong Jara Resort Cameron Highlands Resort Hilton Niseko Village Pangkor Laut, 32200 Lumut, Perak Darul Batu 8, Off Jalan Dungun, 23000 Dungun, By the Golf Course, 39000 Tanah Rata, Higashiyama-Onsen, Niseko-town, Abuta-gun, Address Ridzuan Tere
Slide 25: Upscale hotels Malaysia
Upscale hotels Malaysia Vistana Kuala Lumpur Titiwangsa Vistana Penang Bukit Jambul Vistana Kuantan City Centre No.9, Jalan Lumut, off Jalan Ipoh, 50400 Kuala No. 213, Jalan Bukit Gambir, Bukit Jambul, Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Lumpur 11950 Pulau Pinang Located within the hub
Slide 26: Luxury hotels Australia
Luxury hotels Australia Sydney Harbour Marriott Brisbane Marriott Melbourne Marriott Corner Exhibition and Lonsdale Street, Address 30 Pitt Street, Sydney, New South Wales 515 Queen Street, Brisbane, Queensland Melbourne, Victoria Located on Pitt Street in the heart of the Sydney Located on the nort
Slide 27: Revenue breakdown by country
Revenue breakdown by country Revenue (RM’000) 140,000 Malaysia Japan Australia 114,678 120,000 106,993 107,365 99,796 102,581 100,490 100,000 80,000 86,350 78,661 78,996 71,495 74,171 72,140 60,000 40,000 3,845 3,888 3,922 3,841 3,882 3,862 20,000 24,487 24,413 24,488 24,487 24,487 24,488 - 3Q FY201
Slide 28: NPI breakdown by country
NPI breakdown by country Malaysia NPI (RM’000) Japan Australia 60,000 56,524 52,930 50,139 48,274 50,000 45,155 45,139 30,090 40,000 25,972 23,301 21,783 19,298 19,550 30,000 3,684 2,647 3,214 3,158 3,690 2,685 20,000 23,154 23,210 23,277 23,276 23,268 22,904 10,000 - 3Q FY2013 4Q FY2013 1Q FY2014 2
Slide 29: Pintar Projek Sdn Bhd – Manager of YTL Hospitality REIT
PINTAR PROJEK SDN BHD 314009-W Manager of YTL Hospitality REIT 11th Floor Yeoh Tiong Lay Plaza 55 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2117 0088 603 2142 6633 Fax: 603 2141 2703 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com
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