Fantasia Holdings Group Co. Ltd. · HKEX:1777
Fantasia — H1 2010 Earnings Presentation
22 slides from Fantasia's earnings presentation, August 2010
Slide 1: 2010 Semi-annual Results Presentation
Stock Code：1777 2010 Semi-annual Results Presentation August 2010
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fantasia Holdings Group Co., Limited (the “Company”) solely for use at the presentation regarding the Company and its subsidiaries (collectively, the “Group”). No representation or warranty (whether express or implied) is made as to the fairness, acc
Slide 3: Section
Section 1. Company Overview 2. 1H 2010 Operational Highlights 3. 1H 2010 Financial Highlights 4. Market Outlook 2 3
Slide 4: Company Overview
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Slide 5: A leading property developer and property related service provider in China
A leading property developer and property related service provider in China We are a leading property developer and property related service provider in China 27 projects and project stages (1) completed with 1.55 mm sqm GFA in Shenzhen, Chengdu, Dongguan, Tianjin and Yixing from 1996 to Jun 30,
Slide 6: A review of 1H 2010
A review of 1H 2010 A review of China real estate market in Continue to implement our strategy of “Blossoming China” 1H 2010 Temporary downturn. The market fails to reach Focusing on four fastest growing economic regions in China, we have further extended our a new balance in the multi-game. str
Slide 7: 1H 2010 Operational Highlights
2 1H 2010 Operational Highlights
Slide 8: Solid revenue base and diversified revenue streams
Solid revenue base and diversified revenue streams Our income is more diversified both in terms of geographical mix and product mix in 1H 2010 Contracted sales breakdown by region Total new GFA and GFA completed 1H 2009 1H 2010 443,385 Yangtze River Beijing - Beijing- Delta Tianjin Yangtze Tianjin 6
Slide 9: Solid revenue base and diversified revenue streams (cont’d)
Solid revenue base and diversified revenue streams (cont’d) In addition to the property development business, our property agency, property operation and hotel services also achieved substantial growth in 1H 2010 Revenue from non-property development business 100 63.8 % 14.9 75 55.5 Rmb mm 50 25 0 1
Slide 10: Expanding high-quality low-cost land bank
Expanding high-quality low-cost land bank We have adhered to scientific and prudent land acquisition strategy to Average cost of land bank as at Jun 30, 2010 acquire quality land at low cost and maintain our competitive strength Land Bank Projects Total GFA (RMB,0000) (RMB/sqm) Status In 1H 2010
Slide 11: Expanding high-quality low-cost land bank (Cont’d)
Expanding high-quality low-cost land bank (Cont’d) In 1H 2010, we continue to expand nationwide through diversified land acquisition strategies Suzhou Taihu Project Wuxi Project Dali Project Land Location Suzhou Taihu National Tourism Vacation Cross section of Jincheng Road and Xiaguan Town Zo
Slide 12: Expanding high-quality low-cost land bank (Cont’d)
Expanding high-quality low-cost land bank (Cont’d) In 1H 2010, we continue to expand nationwide through diversified land acquisition strategies Guilin Gaohua Project Tianjin Chentang Project Dongguan Wonderland Project Land Location Xicheng Avenue, Lingui New South of Dongjiang Avenue, Hexi Hu
Slide 13: Enhancing brand image
Enhancing brand image We and our projects won several awards in 1H 2010. Our brand image has been further enhanced. Company level Award Jun 2010, “2010 Outstanding Chinese Property Stock” Award May 2010, ”2010 Top 50 Listed China’s Real Estate Companies” Award Mar 2010, “2010 China Top 100 Real Esta
Slide 14: Elevating segment synergies
Elevating segment synergies We have an integrated business model that drives our national expansion Real estate Property Market research Construction Marketing/sales Hotel services development management Xinshengji Shenzhen Fantasia Construction & Engineering Co., Ltd. Hotel Services In 1H 2010, i
Slide 15: 1H 2010 Financial Highlights
3 1H 2010 Financial Highlights 15
Slide 16: Sustaining high growth of business
Sustaining high growth of business Our sales volume increased 42.8 % YoY in 1H 2010 1H 2010 Operating Results Strong Growth (Rmb mm) As of Jun 30 Revenue Gross Profit 42.8 % .2% Rmb mm 2010 2009 Change% 71 1,918 952 Revenue 1,918 1,343 42.8% 1,343 556 Gross profit 952 556 71.2% EBITDA(1) 782 442 76.
Slide 17: Continuing improvement of high profitability
Continuing improvement of high profitability All profit indicators have improved in 1H 2010, indicating strong profitability Gross margin increase in 1H 2010 EBITDA (1) increase in 1H 2010 49.7% .3% 40.8% 41.4% +8 .9% +7 32.9% 1H 2009 1H 2010 1H 2009 1H 2010 Operating margin increase in 1H 2010 Net
Slide 18: Prudent financial management
Prudent financial management We successfully completed the issuance of guaranteed senior notes in the aggregate principal amount of US$ 120 mm on May 12, 2010 We kept an excellent credit record and have solid debt service ability As of As of EBITDA （2） / interest （3）change Rmb mm Chnage % Jun 30
Slide 19: Market Outlook
a | Market Outlook 19
Slide 20: Market outlook for 2H 2010
Market outlook for 2H 2010 2H 2010 outlook – The trade volume in 1H 2010 has been low and the market has not reached a new balance in the multi-game. We are not optimistic about the market trend in 2H 2010; – The market still faces with uncertainties such as China’s economic growth slowdown, slow
Slide 21: 2H 2010 Development strategies
2H 2010 Development strategies Major development strategies in 2H 2010 include: Achieve rapid business growth through highly 1 efficient implementation Plan and establish an information system, integrate in an all-round approach and establish a more efficient information management platform Driv
Slide 22: Our targets for 2H 2010
Our targets for 2H 2010 Targets for 2H 2010 Targets for 2H 2009 YoY change(%) 2H 2010 GFA of newly commenced projects (‘0000 sqm) 90 25 260% GFA of completed projects (‘0000 sqm) 49 28 75% Saleable GFA constructed (‘0000 sqm) 70 16 338% Locked-in sales for 2H 2010 As of Jun 30, 2010, locked-in sales
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