Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — 6M-Sept2020 Earnings Presentation
16 slides from Yoma Strategic's earnings presentation, November 2020
Slide 1: 6M-Sept2020 Earnings Results
6M-Sept2020 Earnings Results The Group announced the change of its financial year end from 31 March to 30 September in February 2020 Yoma Strategic Holdings Ltd.
Slide 2: 6M-Sept2020 Result Commentary
6M-Sept2020 Result Commentary “Despite the recent challenging operating environment, most of our businesses is witnessing stronger recovery. Wave Money’s digital business crossed more than 1.1 million monthly active users at the end of October and its OTC business transacted a total remittance volum
Slide 3: Key Financial Highlights – Profit and Loss
6M-Sept2020 Key Financial Highlights – Profit and Loss • Revenue increased 25.3% driven by a strong recovery in Yoma Land’s development Statement of Income 6M-Sept2019 6M-Sept2020 business and Yoma Motors despite the strict government measures to limit the (US$ million) (US$ million) spread of COVID
Slide 4: Core Operating EBITDA
6M-Sept2020 Core Operating EBITDA US$ Million 10 2.9 0 -10 0.7 18.8 -20 1.2 6.7 1.3 -30 Fair value losses from HRGCCL US$1.2 million Fair value losses on investment properties driven 8.8 US$12.1 million -40 2.8 by currency translation 1.9 Fair value losses from the shopping mall in Dalian US$0.7 mil
Slide 5: Profit and Loss Key Items
6M-Sept2020 Profit and Loss Key Items Statement of Income 6M-Sept2020 I. Revenue (US$ million) • HRGCCL recognised a US$1.7 million net fair value loss on its investment properties (see below explanation). Therefore, 6M- Sept2020 revenue included negative operator fee income1 of US$0.4 million which
Slide 6: Key Financial Highlights – Balance Sheet
6M-Sept2020 Key Financial Highlights – Balance Sheet Net Debt & Net Gearing Ratio US$ million Net Debt Total Capital Gearing Ratio 1400 35% 1200 27.8% 30% 30.3% 1000 26.7% 25% Pro forma net gearing 800 19.4% upon the completion of 20% the second tranche of the 600 Ayala investment 15% 400 10% 200 5%
Slide 7: Segment Results - Yoma Land Development
Segment Results - Yoma Land Development Key Commentaries Revenue Contribution: Revenue: US$18.6 million Higher revenue was mainly driven by the progressive percentage of completion and new units sold at City Loft at StarCity: +118.8% y-o-y • 693 units of the 791 total launched units had been sold/bo
Slide 8: Segment Results - Yoma Land Services
Segment Results - Yoma Land Services Revenue Contribution: Key Commentaries Revenue: US$3.7 million Lower revenue in 6M-Sept2020 was due to: -15.9% y-o-y • Negative operator fee income1 of US$0.4 million included the Group’s share of the 7% fair value loss on HRGCCL’s investment properties of US$1.2
Slide 9: Segment Results - Yoma Financial Services
Segment Results - Yoma Financial Services Revenue Contribution: Key Commentaries Revenue: US$3.8 million Revenue, gross profit and core operating EBITDA were generated by Yoma Fleet: +11.8% y-o-y • Vehicle numbers grew by 12.0% year-on-year to 1,352 vehicles and third-party assets 7% under managemen
Slide 10: Segment Results - Yoma F&B
Segment Results - Yoma F&B Key Commentaries Revenue Contribution: Revenue: US$12.5 million Lower revenue was mainly due to the negative impact of COVID-19: -16.7% y-o-y • F&B restaurant business was the most affected segment due to government- 24% imposed lock downs, curfews and prohibitions on dine
Slide 11: Segment Results - Yoma Motors
Segment Results - Yoma Motors Revenue Contribution: Key Commentaries Revenue: US$12.3 million Revenue recorded strong growth despite facing the negative impacts of COVID-19 for +35.2% y-o-y most of the period: 24% • New Holland sold 198 tractors in 6M-Sept2020 compared to 134 tractors in 6M- Core op
Slide 12: Strategic Updates
6M-Sept2020 Strategic Updates Updates on Wave Money’s transactions • In May 2020, Ant Financial Services Group announced that it plans to invest US$73.5 million in Wave Money to become a substantial minority shareholder. • In June 2020, Yoma Strategic announced that it plans to take a controlling st
Slide 13: Sum of the Parts Valuation
Sum of the Parts Valuation Sum of the Parts Valuation $US27m US$181m- US$ 212m US$22m-US$26m US$19mMemories Group 10 Heavy US$8m YMPS 9 US$75m-US$106m Wave Money7 Equipment and Automotives 8 US$74m-US$85m US$106m Yoma Fleet6 US$790m - US$953m US$6m KOSPA5 US$197m US$18m-US$25m US$708m-US$819m Pernod
Slide 14: For enquiries, please contact
Note: This news release should be read in conjunction with the results announcement released on the SGXNet on 28 November 2020. For enquiries, please contact: Analyst contact: Ms. Jane Kwa, Tel: (65) 9759 2602 or (95) 09 79311 3587 Email: janekwa@yoma.com.mm Yoma Group Media contact: Ms. Sylvia Saw
Slide 15: Appendix: Profit and Loss 6M-Sept 2019 vs 6M-Sept 2020
Appendix Profit and Loss – 6M-Sept 2019 vs 6M-Sept 2020 6M-Sept 2019 6M-Sept 2020 Real Estate Real Estate Financial Investment & Real Estate Real Estate Financial Investment & US$ million F&B Motors Total F&B Motors Total Development Services Services Corporate Development Services Services Corporat
Slide 16: Appendix: Profit and Loss 12M-Sept 2019 vs 12M-Sept 2020
Appendix Profit and Loss – 12M-Sept 2019 vs 12M-Sept 2020 12M-Sept 2019 12M-Sept 2020 Real Estate Real Estate Financial Investment & Real Estate Real Estate Financial Investment & US$ million F&B Motors Total F&B Motors Total Development Services Services Corporate Development Services Services Corp
Yoma Strategic Holdings — 6M-Sept2020 Earnings Presentation on 6ix