Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — 2Q2019 Earnings Presentation
20 slides from Yoma Strategic's earnings presentation, Nov 8, 2018
Slide 1: 2Q2019 Financial Results Presentation
2Q2019 Financial Results Presentation
Slide 2: Agenda
AGENDA • Financial Highlights • Key Developments 2
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS 14
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS Led by the much improved Real Estate performance S$ MILLION Revenue Gross profit Net Profit attributable to Shareholders 41.91 33.14 26.16 14.81 14.73 3.68 2Q2018 2Q2019 4
Slide 5: Key Highlights of Yoma Land Business (Real Estate Development)
KEY HIGHLIGHTS OF YOMA LAND BUSINESS (REAL ESTATE DEVELOPMENT) Strong revenue growth was generated mainly S$ million from new sales of apartments in Galaxy 25 22.59 Towers 2 and 4. Revenue Gross profit Lower gross margin was partly due to: 20 Core Operating EBITDA - In August 2017 (2Q2018), the
Slide 6: Key Highlights of Yoma Land Business (Real Estate Services)
KEY HIGHLIGHTS OF YOMA LAND BUSINESS (REAL ESTATE SERVICES) S$ million Revenue 70 Gross profit Core Operating EBITDA 60.15 60 Rental revenue from the two Dulwich 50 international schools and The Campus 40 partially offset the loss of rental revenue from FMI Centre. 30 The higher EBITDA was mainl
Slide 7: Key Highlights of Yoma F&B Business
KEY HIGHLIGHTS OF YOMA F&B BUSINESS S$ million Revenue Gross profit Core Operating EBITDA 5 4.61 Revenue contribution exclusively from 4 KFC business. 3.28 3 Operates 26 KFC stores throughout 2.30 Myanmar as at 30 September 2018. 2 1.50 Increase in revenue driven by new store 1 openings alongs
Slide 8: Key Highlights of Yoma Motors Business
KEY HIGHLIGHTS OF YOMA MOTORS BUSINESS S$ million Revenue Gross profit Core Operating EBITDA 14 • Lower revenue was due to the lower 12.92 number of tractor and implements sold 12 in the New Holland business. 10 7.66 • The decline was mainly due to the 8 delay in farmers taking delivery of the 6 sec
Slide 9: Key Highlights of Yoma Financial Services Business
KEY HIGHLIGHTS OF YOMA FINANCIAL SERVICES BUSINESS S$ million Revenue Gross profit Core Operating EBITDA 2.5 2.09 2.0 1.71 Revenue generated from the Financial Services business was 1.5 1.37 exclusively from Yoma Fleet. 1.0 0.96 0.89 Yoma Fleet expanded to 919 vehicles with total assets of S$36.
Slide 10: Healthy Balance Sheet
HEALTHY BALANCE SHEET Net gearing is healthy at 23.8% 1,400 30% Net Debt (LHS) Total Borrowings (LHS) Total Capital (LHS) Net Gearing (RHS) 1,200 25% 23.8% 1,000 20% 19.3% 800 Millions 15.0% 15% 600 10% 9.4% 400 5% 200 0.8% 0 0% -0.6% FY2014 FY2015 FY2016 FY2017 FY2018 1H2019 -200 -5% The financial
Slide 11: Key Developments
KEY DEVELOPMENTS 14
Slide 12: Key Developments
KEY DEVELOPMENTS YOMA LAND YOMA F&B Yoma Financial Services Launched City Loft, a new Added Auntie Anne’s, the Wave Money achieved cashflow mass market offering world’s largest hand-rolled soft breakeven and Yoma Fleet pretzel franchise1, to its portfolio partners with the authorised dealer of Cater
Slide 13: Launch of City Loft
LAUNCH OF CITY LOFT YOMA LAND Designed to bring quality apartments at an accessible price point. Favourable mortgage repayment terms of up to 25 years with domestic banks. The first City Loft project is located in StarCity (“City Loft @ StarCity”), which received a very strong and positive res
Slide 14: Yangon Serviced Apartment Market
YANGON SERVICED APARTMENT MARKET1 YOMA LAND No new serviced apartment projects Yangon Serviced Apartment Stock were completed between October 2017 5,000 and June 2018. 4,500 Supply at the start of the year 4,000 Additional supply during the year Majority of the new supply is expected 3,500 to en
Slide 15: StarCity Galaxy Towers
STARCITY GALAXY TOWERS YOMA LAND Tower 2 and Tower 4 are nearing completion. Fitted out units provide the opportunity to quickly tap into the more robust serviced apartment sector where new supply is limited in the next two years. 15
Slide 16: Bringing Auntie Anne's Pretzel Franchise to Myanmar
BRINGING AUNTIE ANNE’S PRETZEL YOMA F&B FRANCHISE TO MYANMAR More than 1,800 outlets in 30 countries, including more than 600 locations outside of the USA1. Strong presence in Asia, gaining popularity in markets such as Thailand, Philippines, Japan, Cambodia, Indonesia, Malaysia, Singapore, Chin
Slide 17: Wave Money Continuing Rapid Growth
WAVE MONEY CONTINUING RAPID GROWTH YOMA FINANCIAL ACHIEVED CASH-FLOW BREAKEVEN IN SEPTEMBER 2018 SERVICES Revenues* (MMK) *Revenue includes prepaid airtime sales in addition to money transfer revenues. 17
Slide 18: Wave Money Continuing Rapid Growth
WAVE MONEY CONTINUING RAPID GROWTH YOMA FINANCIAL AGENT NETWORK REACH 34,019 AT THE END OF SEPTEMBER 2018 SERVICES WST Transactions* • WST is Wave Shop Transfer, an over the counter money transfer. • WA is Wave Account, a customer account connected to the MSISDN. • WST Transactions includes WST-WST
Slide 19: Fast Expansion of Yoma Fleet
FAST EXPANSION OF YOMA FLEET YOMA FINANCIAL SERVICES No. of Vehicles New partnership with the authorised 1,000 919 dealer of Caterpillar branded heavy 900 equipment in Myanmar. 800 720 Targeting the expected upturn in the 700 resource and construction industry as well 600 540 as Myanmar’s massiv
Slide 20: Questions & Answers
STRATEGIC HOLDINGS LTD. QUESTIONS & ANSWERS
Yoma Strategic Holdings — 2Q2019 Earnings Presentation on 6ix