Landsea Green Management Limited · HKEX:106
Landsea Green Management — Landsea Green Properties Company — FY2019 Earnings Presentation
31 slides from Landsea Green Management's earnings presentation, Mar 30, 2020
Slide 1: 2019 Annual Results Presentation
Landsea Green Properties Company Limited 2019 Annual Results Presentation 30 March 2020 LEADING GREEN LIFE
Slide 2: Content
Content 01 Results Highlight 02 Financial Performance 03 Business Review 04 Outlook for 2020 05 Appendix: Company Overview LEADING GREEN LIFE 1
Slide 3: Results Highlight
Results Highlight ◼ Net core profit amounted to RMB 1.4 billion, increased by 11%; net profit attributable to shareholders of listed companies amounted to RMB 1.17 billion，increased by 5%； comprehensive gross profit margin of 29%, remained stable; net profit margin of 17.5%， maintained a high level
Slide 4: Financial Performance
Financial Performance 3
Slide 5: Steady and solid financial performance and stable profitability
Steady and solid financial performance and stable profitability 人民币（百万元，%） RMB million, % 2019年1-12月 2019 2018年1-12月 2018 变动额 Change amount 同比变动 Year-on-year change 表内+表外权益下确认销售收入 Sales revenue recognized under on and off-balance sheet equity 11,653 10,974 679 6% Gross profit表内+表外权益下毛利 under on and
Slide 6: Property business in the PRC - Diversified sources of profit
Property business in the PRC - Diversified sources of profit, development service business maintains high gross profit Property 中国地产（百万元，%） business in the PRC (RMB million, %) 2019年1-12月 2019 2018年1-12月 2018 变动额 Change amount 同比变动 Year-on-year change 表内+表外权益下确认销售收入 Sales revenue recognized under on
Slide 7: Property business in the US - Sustain the cultivation of domestic market
Property business in the US - Sustain the cultivation of domestic market and the scale has grown steadily Property美国地产（百万元，%） business in the US (RMB million, %) 2019年1-12月 2019 2018年1-12月 2018 变动额 Change amount 同比变动 Year-on-year change 表内+表外权益下确认销售收入 Sales revenue recognized under on and off-balanc
Slide 8: Net gearing ratio on and off-balance sheet lower than the average of the industry
Net gearing ratio on and off-balance sheet lower than the average of the industry RMB million, % 人民币（百万元） 2019年12月31日 31 December 2019 2019年6月30日 30 June 2019 2018年12月31日 31 December 2018 变动额 Change amount 同比变动 Year-on-year change 资产负债表内： On-balance sheet 有息负债 Interest bearing debts 6,961 7,547 7,02
Slide 9: Further optimize the debt maturity structure
Further optimize the debt maturity structure and proactively manage the risk of debt repayment due The assets denominated in USD are in line with the liabilities denominated in USD, therefore the currency liabilities risk is under control Only 12% of debts due within one year on and off-balance shee
Slide 10: Solid credit indicators, cash to short-term liabilities ratio covers in 5 times
Solid credit indicators，cash to short-term liabilities ratio covers in 5 times 10.0x 2017 2018 2019 2019* 8.7x 9.0x 8.0x 7.0x 7.0x 6.0x 4.8x 5.0x 5.0x 4.0x 3.5x 3.0x 3.0x 2.6x 2.6x 2.0x 2.0x 1.7x 1.0x 0.0x 总债务/EBITDA Total liabilities/EBITDA EBITDA/利息费用 EBITDA/Finance cost 现金/短期债务 Cash/Short-term li
Slide 11: Diversified financing channels
Diversified financing channels Diversified financing channels Sufficient banking facilities • Successfully issued public offering bonds of US$200 million in the As of the end of December 2019, the Company maintained good long- Debt financing Hong Kong public market in June 2019 and January 2020, ter
Slide 12: Business Review
Business Review 11
Slide 13: Business review – Contracted Sales/ Business Expansion
Business review – Contracted Sales/ Business Expansion Contracted sales in 2019 Business expansion in 2019 In RMB hundred In RMB hundred In RMB hundred In RMB hundred million in ‘0000m² million million in ‘0000m² 513 million 405 234 112 284 18 New development Saleable value of new projects Saleable
Slide 14: Business in the PRC – Contracted sales
Property business in the PRC – Contracted sales Sales amount of Contracted sales Contracted GFA attributable equity Type of project (In RMB hundred (in ‘0000m²) (In RMB hundred million) million) Equity project 215 127 78 Entrusted construction 150 94 - project Total 365 221 78 5% 16,511 21% Year-on-
Slide 15: Property business in the PRC – Business expansion
Property business in the PRC – Business expansion New property development projects in 2019 In 2019, Zhongshan project was launched Saleable value Saleable GFA Number of Share of Region City Enter the Guangdong-Hong Kong- Projects saleable value (RMB hundred (‘0000 sq.m.) million) Hangzhou 1 1% 5 1
Slide 16: Property business in the PRC – Projects available for development
Property business in the PRC – Projects available for development in the PRC Saleable value Saleable GFA Number of Share of Region City projects saleable value (RMB hundred million) (‘0000 sq.m.) As of the end of 2019, projects managed by Shanghai 3 1% 11 4 Nanjing 16 21% 247 76 Landsea in the PRC:
Slide 17: Property business in the PRC – Leading differentiated products of green construction
Property business in the PRC – Leading differentiated products of green construction ⚫ Based on the core of "health" and human-oriented products, we ⚫ A new generation of products with independent innovation and will optimize the living environment through professional independent intellectual prope
Slide 18: Property business in the PRC - Asset-light model focusing on minority interests
Property business in the PRC - Asset-light model focusing on minority interests Landsea ‘s advantages of ability, Carry out different types of asset-light business models through New profit growth drivers + experience, brand and differentiated cooperation with complementary financial institutions, f
Slide 19: Property business in the US – Contracted sales/Business expansion
Property business in the US – Contracted sales/ Business expansion In RMB hundred in ‘0000m² In RMB 40 13 30,520 14% million Contracted Sales Contracted sales amount Contracted GFA Average selling price Year-on-year growth Sales amount of attributable of contracted sales of sales amount equity 35 RM
Slide 20: Property business in the US – Projects available for development
Property business in the US – Projects available for development in the United States Saleable value As of the end of 2019, projects managed by Number of Share of Saleable GFA City (RMB hundred projects saleable value (‘0000 sq.m.) Landsea in the United States: million） RMB hundred million 55 ‘0000m
Slide 21: Honours and awards
Honours and awards Landsea Properties Landsea Properties Landsea Properties 9 consecutive years TOP10 Green Property in China Top 10 Best Green Real Estate Operation Top 100 Property Performing Property Model in China TOP10 Developers in China Developers in China Comprehensive Decoration Enterprises
Slide 22: Outlook for 2020
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Slide 23: Property development in the PRC
Property development in the PRC To create brand-new green architecture Continue to adhere to the strategy of products with “health, comfort, product differentiation, asset-light environmental protection” to reach more transformation and income diversification customers Strengthen the cash flow manag
Slide 24: Property development in the US
Property development in the US Continue the development in the existing operating areas Diversified product selection, pyramid strategy, based on (Northern California / Southern California / Arizona) and entry-level housing, selective investment in some urban increase market share central areas Expl
Slide 25: Landsea Always on the Way
朗诗 永远在路上 LANDSEA Landsea team climbing Mount Elbrus on 3 August 2018 ALWAYS ON THE WAY 24
Slide 26: Appendix: Company Overview
Appendix: Company Overview 25
Slide 27: Development history
Development history Deep-green Strategy Property Implement In-depth transformation Gre e n de ve lo p me n t Pr o d u c t d if f e r e n t ia t io n Pr o d u c t d if f e r e n t ia t io n Establishment of Gre e n c o n s t ru c t io n s e rvic e A s s e t - lig h t o p e r a t io n A s s e t - lig
Slide 28: Overview of business segments
Overview of business segments Property development Development and management service Business Revenue of development service position Value from independent third parties preposition (Unit: RMB million) Extensive product Prominent portfolio project location 1,000 1,049 753 ⚫ Adhere to environmental
Slide 29: Business distribution in the PRC
Business distribution in the PRC Zhangjiakou Shijiazhuang Baoding Tangshan Tianjin Beijing Jinan Bohai Rim Suzhou Xianyang Hangzhou Changzhou Mid- Wuhan Shanghai Xi’an Yangtze Zhangjiagang western River Chengdu Ningbo China Wuhu Delta Changsha Nanjing Chongqing Kaifeng Pearl Hefei Wuxi River Man’ans
Slide 30: Business distribution in the United States
Business distribution in the United States 29
Slide 31: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. The information in this presentation has been prepared by representa
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