Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — FY2017 Earnings Presentation
19 slides from Yoma Strategic's earnings presentation, May 24, 2017
Slide 1: FY2017 Results Presentation
FY2017 Results Presentation
Slide 2: 4Q2017 Financial Highlights
4Q2017 Financial Highlights Record quarterly revenue and gross profit S$ million 60 Revenue Gross Profit Net Profit attributable to Equity Holders 53.8 50 45.7 41.2 40 30.2 30 27.0 27.5 27.6 27.7 25.0 25.2 24.9 23.8 24.1 22.7 21.6 20.5 2 19.9 20 17.3 17.6 15.2 15.5 13.0 13.4 12.8 13.0 13.4 11.6 11.5
Slide 3: FY2017 Financial Highlights
FY2017 Financial Highlights Gross profit margin improved to 40.4% as compared to 36.4% in FY2016 Proposed first and final cash dividend of 0.25 cents per ordinary share S$ million 140 Revenue Gross profit Net Profit attributable to Equity Holders 124.2 120 110.9 111.9 100.5 100 80 60.5 60 50.1 4
Slide 4: Annual Revenue Structure
Annual Revenue Structure Non-real estate businesses contributed 46.6% of total revenue on track to meet the Group’s 2020 target to have at least half of its revenue coming from its non-real estate businesses Non-Real Estate Businesses Real Estate Rental & Services Sales of Residences & Land Developm
Slide 5: Key highlights for Non-Real Estate Businesses
Key highlights for Non-Real Estate Businesses Revenue from Non-Real Estate businesses, FY2017 Key Highlights 8.9 Non-Real Estate revenue grew 34.4% to S$57.8 million driven by the Consumer and 10.9 Automotive & Heavy Equipment businesses S$ million 8.4 4.6 Growth in Automotive & Heavy Equipment
Slide 6: Key highlights for Real Estate Business
Key highlights for Real Estate Business Revenue from Real Estate Business, FY2017 Key Highlights Real Estate revenue fell by a marginal 18.4 3.6% to S$66.3 million 19.9 S$ million Revenue from sales of residences and LDRs declined by S$4.0 million 50.4 46.5 Partially offset by S$1.5 million in
Slide 7: Key items for Other Income
Key items for Other Income Other Income, FY2017 5.4 Key items in Other Income largely due to gains from: 3.6 3.4 3.1 3.2 Telecom towers investment which was partially realised S$ million through the sale of 12.5 % stake in December 2016 28.8 Progressive completion of two Dulwich International 36
Slide 8: Impact of Currency Movements
Impact of Currency Movements Strengthening of the USD against both SGD and Kyats resulted in a S$3.6 million gain in other income offset by a S$6.3 million currency translation loss on borrowings FY2016 FY2017 4.3 3.6 3.2 Exchange rates movement 1.1 Rates Kyats to USD USD to SGD S$ million 31 Mar 20
Slide 9: FY2017 Profit and Loss Items
FY2017 Profit and Loss Items S$ million FY2016 FY2017 Revenue 111.8 124.2 Cost of sales (71.1) (74.1) Gross profit 40.7 50.1 Other income, net 55.6 66.9 Interest expense on borrowings rose to S$8.9 Expenses million in FY2017 with increased borrowings - Finance (3.1) (16.0) and rising interest rate
Slide 10: Key Balance Sheet Key Items
Key Balance Sheet Key Items S$ million 31 Mar 2016 31 Mar 2017 Cash and cash equivalents 13.4 34.8 Development properties 182.9 262.8 Landbank of approximately 10 million Land development rights 220.0 219.3 square feet at book value Investment properties 192.9 219.3 Trade and other receivables 120.0
Slide 11: Key Balance Sheet Ratios
Key Balance Sheet Ratios Net Debt / Total Capital EBITDA / Interest • Incorporation of leverage within capital structure • Sufficient interest coverage ratio S$ Million S$ Million EBITDA Interest Net Debt Total Capital 60 14.0 x 7.4 x 1,200 27.2% 1,000 17.7% 50 37.6 x 8.2% 800 1,021 40 894 600 25.8
Slide 12: Business Reviews
Business Reviews 12
Slide 13: Real Estate
Real Estate S$ million StarCity and Pun Hlaing Estate continued to attract interest from potential end-user buyers though overall property market remained soft during the year Completed reconfiguration of units in StarCity’s Galaxy Towers - number of units increased from 954 units to 1,038 units
Slide 14: Case New Holland
Case New Holland Revenue by Segments Tractors and Implements Sales New Holland Tractors Implements Tractor sales Implements S$ million Spareparts Services 1,600 1499 No. 35 1,400 FY2017: 30 S$30.0 million 1,200 FY2016: 25 1,000 S$23.5 million 885 20 800 692 607 15 600 10 400 5 200 0 0 FY2016 FY2017
Slide 15: JCB
JCB JCB Heavy Equipment Started operations in January 2017 and official launch held on 17 May 2017 Currently two branches located in Yangon and Mandalay Expects to open additional nine branches across Myanmar over the next two years Official Launch Ceremony at Pun Hlaing Estate JCB “Dancing Di
Slide 16: Yoma Fleet
Yoma Fleet Added 208 vehicles to fleet portfolio despite changes in import regulations during the year Revenue in FY2017 was S$5.8 million vs S$3.6 million in FY2016 600 540 509 491 500 400 359 332 313 300 280 200 149 152 100 0 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 16
Slide 17: KFC
KFC Expects to open its first store in Mandalay in June 2017 Planning to increase its store count to 22 by the end of FY2018 22 Stores Launch of 10 Stores 10 new stores KFC ONE All in Yangon Expansion outside of Yangon including Mandalay Jul-15 Sep-16 Dec-16 Mar-17 Mar-18 6 Stores 12 Stores All
Slide 18: Recent Developments
Recent Developments Food and Distribution Establishing a one-stop food distribution platform in Myanmar with METRO GROUP wholesale & Food Specialist Company - Will hold a 15%-interest in Metro Myanmar Synergies with Yoma Fleet and KOSPA businesses Distributed Power Networks Partnering with Nor
Slide 19: Questions & Answers
STRATEGIC HOLDINGS LTD. QUESTIONS & ANSWERS
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