Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — 2Q FY2017 Earnings Presentation
18 slides from Yoma Strategic's earnings presentation, Nov 8, 2016
Slide 1: 2QFY2017 Results Presentation
2QFY2017 Results Presentation
Slide 2: 2Q2017 Financial Highlights
2Q2017 Financial Highlights S$ million Group saw healthy growth across all its three core businesses and revenue grew 25.2% year-on-year to S$24.9 million, from S$19.9 million in the previous corresponding quarter ended 30 September 2015 S$ million 50 Revenue Gross Profit Net Profit Attributable to
Slide 3: 2Q2017 Financial Highlights
2Q2017 Financial Highlights S$ million Revenue Sales of Residences and LDRs Real Estate Rental and Services 18 16 15.3 Rental properties Increase in revenue mainly due to 14 the Star Residences (Building A5) 12.1 in StarCity Zone A and The 5.4 12 Residence at Pun Hlaing (Lakeview G) in Pun Hlaing 10
Slide 4: 2Q2017 Financial Highlights
2Q2017 Financial Highlights S$ million Revenue Food & Beverages Automotive & Equipment 12 KFC 10 9.6 9.7 Revenue increase due to higher number of stores. 2.2 2.7 Automotive 8 7.8 Revenue increase mainly 1.4 contributed by Convenience Prosperity, 6 which is in the trading business of New Holland
Slide 5: Profit and Loss Items
Profit and Loss Items S$ million 2Q2016 2Q2017 Revenue 19.9 24.9 Cost of sales (11.0) (14.6) Gross profit 8.9 10.3 Significant increase driven by fair value gain of S$14.7 Other income, net 6.9 16.3 million from the Group’s telecommunications towers investment. Expenses - Finance (3.9) (3.9) Interes
Slide 6: Balance Sheet Key Items
Balance Sheet Key Items S$ million 31 Mar 2016 30 Sep 2016 Cash and cash equivalents 13.4 28.3 Trade and other receivables 120.0 130.5 Development properties 182.9 197.9 Land development rights 220.0 221.4 Investment in associated companies 28.5 27.7 Investment properties 192.9 194.1 Financial asset
Slide 7: Business Reviews
Business Reviews
Slide 8: Pun Hlaing Estate Sales Performance
Pun Hlaing Estate Sales Performance Sold 8 units at Lotus Place and 2 units at Lotus Hill in 2Q17 8
Slide 9: Galaxy Towers Sales Performance
Galaxy Towers Sales Performance Project Details Total GFA (sq. ft.) 1,235,712 Total NSA (sq. ft.) 1,124,092 Total No. of Units 954 Estimated Unit size (sq. ft.) 1,178 Estimated selling price US$ psf 210 No. of units launched 334 No of units sold as at 30 Sept’16* 94 Estimated Completion Dates • Phas
Slide 10: New Holland Tractors Sales Performance
New Holland Tractors Sales Performance Revenue increased by 13% year-on-year despite Sold larger engine delay of the shipment of stocks tractors this quarter Revenue by Segments Tractors and Implements Sales S$ Millions Tractors Implements Spare Sparts Services No. 300 6.0 Tractors Implements 250
Slide 11: Fleet Leasing
Fleet Leasing Fleet size rose by 75.3% y-o-y to 491 Number of Vehicles vehicles despite changes in import 600 regulation 491 500 400 359 332 313 300 280 200 149 152 124 100 0 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 11
Slide 12: KFC Sales Performance
KFC Sales Performance Higher year-on-year revenue was mainly driver by more stores Higher quarter-on-quarter revenue was partly driven by higher foot traffic at the new International Airport as 80% of planned flights have started operations and more office tenants at Myanmar Plaza Opened our 7
Slide 13: Recent Developments
Recent Developments
Slide 14: Spinning off tourism assets into a new Listed Tourism Platform
Spinning off tourism assets into a new Listed Tourism Platform Main rationale for the listed platform Listed Tourism Company Capture growing tourism demand in Myanmar YSH / FMI Balloons Hotel Hotels and over Bagan Activities Resorts Maximize commercial and cost synergies Bagan Land Leverage top inte
Slide 15: Initial assets in the new platform
Initial assets in the new platform New Tourism Platform Proposed RTO of SHC Capital Asia Limited Yoma Strategic & FMI Third Party Assets Balloons over Bagan: Bagan Land Pun Hlaing Lodge (100% Hpa An Lodge Asia Holidays • Iconic touristic • 4.3 acres on the river Yoma Strategic) • Boutique hotel in •
Slide 16: Rationale of the spin-off
Rationale of the spin-off Spin-off non-core assets Post RTO Shareholdings Focus on growing its core businesses – Real Estate, Proposed shareholding in SHC Capital Asia Limited before any proposed compliance placement Automotive & Equipment and Consumer Yoma Strategic, Crystallise values of Balloon
Slide 17: Telecommunications Towers
Telecommunications Towers Original Investment has increased by more than 3x to US$70 million Exercising its option to sell 12.5% stake at US$35 million 70.0m Purchase Price A premium65.1m to book value Allow the significant 30 Sept 16 fair value gains that were 65.1m booked earlier to be realise
Slide 18: Questions & Answers
STRATEGIC HOLDINGS LTD. QUESTIONS & ANSWERS
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