Tian An Australia Limited · ASX:TIA
Tian An Australia — FY2016 Earnings Presentation
12 slides from Tian An Australia's earnings presentation, Jul 6, 2016
Slide 1: FY16 Results
For personal use only FY 16 Results For the Year Ended 30 June 2016
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Tian An Australia Limited ACN 009 134 114 (TIA) and is general background information about TIA’s activities current as at the date of this presentation. This information is given in summary form and does not pur
Slide 3: Contents
Contents For personal use only 1. FY 16 Overview 2. Financial Results 3. Project Summary 4. Project Updates Burwood Square 3
Slide 4: FY16 Overview
FY16 Overview For personal use only FY16 statutory profit of $4.8 million (underlying profit of $6.8 million) reflects the commencement of realising Burwood Square, SeaSpray, The Milton, the completion of Bridgeview and reduced finance costs as a result of lower corporate level debt during the yea
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only FY16 FY15 Change Summarised Profit and Loss FY16 Commentary ($M) ($M) ($M) Underlying Profit / (Loss) after Tax 6.8 (7.7) 14.5 Settlements at SeaSpray and Bridgeview Legacy asset impairment - (3.9) 3.9 Oceanique writedown Financing cost (1.1)
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only FY16 FY15 Summarised Balance Sheet FY16 Commentary ($M) ($M) Assets East Coast projects 37.7 101.5 Settlements at Bridgeview, Burwood Square, The Milton and SeaSpray West Coast projects 55.1 57.5 Sale of Oceanique apartments Other assets 31.3 10
Slide 7: Project Updates
For personal use only 7 Project Updates
Slide 8: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Carrying Value Total Project Gross Construction Nature of (GST exclusive) Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots Bridgeview (Dundas 50%1 35.5 0.0 23 23 0 Project completed Comp
Slide 9: Bridgeview and Burwood Square
Bridgeview Burwood Square For personal use only • TIA interest: 50% • TIA interest: 48% • 23 townhouses (100% sold / 100% settled) • 210 apartments (100% sold / 98% settled) • Gross Realisation: $35.5 million • 7,455 sqm retail & commercial • Status: Project completed • Estimated Gross Realisation:
Slide 10: SeaSpray and The Milton
SeaSpray The Milton For personal use only • TIA interest: 100% • TIA interest: 50% • 247 lot residential subdivision (98% sold / 68% settled) • 295 apartments (96% sold / 95% settled) • Estimated Gross Realisation: $58.0 million • 2,270 sqm retail & commercial • Status: Construction complete • Estim
Slide 11: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 48.2 3,080 N/A N/A N/A Development Appr
Slide 12: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 lots • 66 luxury apartments (94% sold / 94% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved subdivision and marina • Available apartments: 4 12