Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — FY2014 Earnings Presentation
30 slides from Yoma Strategic's earnings presentation, May 21, 2014
Slide 1: FY2014 Results Presentation
FY2014 Results Presentation 21 May 2014
Slide 2: Disclaimer
Disclaimer The material presented herein is for your general information only and nothing herein shall be considered to be business or legal advice. No representation, warranty or recommendation whatsoever as to the merits of investing in any company, entity or financial instrument is to be read or
Slide 3: Yoma in brief
Yoma in brief Listed on SGX Mainboard (Z59:SI) in August 2006 via an RTO Affiliated to SPA Group Myanmar and First Myanmar Investment (FMI) via common major shareholder, Serge Pun FTSE ST Small Cap Index & MCSI ASWI Global Small Cap Index Chairman: Serge Pun; CEO: Andrew Rickards Major Shareholders:
Slide 4: Results Highlights
Results Highlights
Slide 5: FY2014 Financial Highlights
FY2014 Financial Highlights FY2014 revenue increases over 66% Revenue year-on-year to S$100.5 million S$’m 120 66.2% 100.5 FY2014 net profit up 67.8% to S$23.9 100 million 80 60.5 FY2014 net profit attributable to 60 shareholders rose 13.5% year-on-year to 40 S$16.4 million 20 0 Gross profit margin
Slide 6: FY2014 Revenue Breakdown
FY2014 Revenue Breakdown FY2014 Strong revenue growth driven by Real Others Tourism 4% Estate Division contributing 91% of the 5% Group’s turnover in FY2014 Sales of Residences 45% In S$’million FY2014 FY2013 Residences 45.1 27.1 Sales of Sales of Housing LDRs 46% and LDRs LDRs 45.8 28.2 FY2013 Othe
Slide 7: 5-Year Financial Overview
5-Year Financial Overview S$ million 120 Revenue Gross Profit Net Profit 100.5 100 80 Revenue CAGR: 85.3% GP CAGR: 94.6% Net Profit attributable to 60.5 60 shareholders CAGR: 55.6%* 44.7 39.2 40 26.2 20 14.4 16.4 11.2 11.7 4.6 6 1.6 2.6 2.8 0 FY2010-0.1 FY2011 FY2012 FY2013 FY2014 *Exclude FY2010 -2
Slide 8: Quarterly Analysis
Quarterly Analysis S$ million 35 Revenue 30.2 30 Gross Profit 27.0 27.5 Net Profit 25 20.5 20 16.1 15.2 15 13.6 13.4 13.0 12.8 11.6 2 12.1 11.5 9.8 10 8.6 7.3 3 5.9 6.4 6.0 6.4 5.5 5.1 5.4 5.2 5 3.7 3.3 2.0 2.5 2.1 2.2 1.6 1.1 1.4 1.4 0.4 0 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 1Q2
Slide 9: Quarterly Margin Analysis
Quarterly Margin Analysis 60 Gross Margin Net Margin 49.1 50 47.2 46.4 44.9 44.3 41.9 39.3 40 37.1 34.4 30.6 30 27.7 28.2 26.7 25.7 25.6 18.6 18.9 20 16.1 15.7 13.6 14.2 14.2 13.7 10.3 10 0 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 ** Net Margin is calculate
Slide 10: P&L Statement
P&L Statement In S$’million unless Change Change 4Q2014 4Q2013 FY2014 FY2013 otherwise stated (%) (%) Revenue 27.5 20,5 34.4 100.5 60.5 66.2 Cost of sales (14.7) (11.9) 24.0 (55.8) (34.3) 63.0 Gross profit 12.8 8.6 49.0 44.7 26.2 70.4 Other operating gains 5.7 9.4 (39.2) 6.8 8.1 (15.8) Expenses Fina
Slide 11: Selected Balance Sheet Items
Selected Balance Sheet Items S$’million 31 Mar 2014 31 Mar 2013 Cash and cash equivalents 16.7 106.2 Trade and other receivables 86.1 35.4 Inventories 0.7 1.7 Properties under development 39.4 22.7 Strong landbank – LDRs LDRs 158.2 179.0 are held at cost Call option to acquire land 13.2 - Available
Slide 12: Business Updates
Business Updates
Slide 13: FMI City
FMI City Myanmar’s first gated community, complete with its own sports and recreation centre, supermarket and wet market, bank and food stalls. Situated on 465 acres of land, it is nine miles from the centre of Yangon and two miles from Yangon International Airport. Sales of Properties Economic bene
Slide 14: Pun Hlaing Golf Estate (PHGE)
Pun Hlaing Golf Estate (PHGE) Lakeview Apartments Blocks A to F fully sold ; Block G intended for rental Bamboo Grove 11 out of 12 houses sold House Area: 6,784 sq ft Site Area: 7,910 sqft Current Selling Price: c.US$1.1M Rose Garden Villas 2 out of 26 houses sold as House Area: 4,538 sq ft GFA) Sit
Slide 15: PHGE - Upcoming launch
PHGE - Upcoming launch Expected launch date – 2H2014 - Lotus Canal View Villas – 12 detached homes - Lotus Garden Place Villas – 30 semi detached homes - Lotus Terrace – 18 apartments (2 and 3 bedrooms) - Lotus Hill and Lotus Golf Villa 18
Slide 16: Star City
Star City Zone A (A3 and A4) – Total sales approx. S$61.1m, only S$24.8 m recognized, – Remaining c. S$36.3m to be recognised within next 9 - 15 months as construction progresses (as at 31 Mar 2014) – Average transacted price: US$100 psf Zone B Conditional agreement with third party investor for the
Slide 17: Star City Zone B
Star City Zone B View from top of A4 looking towards zone B, international school and golf course beyond.
Slide 18: Star City Zone C
Star City Zone C Increased parking areas and parking ratio High-rise building with Shwedagon Pagoda View Increased unit sizes Fixed ID package for purchasers Improved construction techniques Estimated units: 940 Expected launch date 2H2014
Slide 19: Updates on other businesses
Updates on other businesses Agriculture & Logistics Proposed Partnership with IFC Formation of Yoma Agricultural & Logistics Holding Pte. Ltd. (YALH) to invest in the following businesses – Coffee Plantation in Maw Tin Estate with ED&F Man – Investment in Dairy Production – Agricultural Cold Chain B
Slide 20: Updates on other businesses
Updates on other businesses Luxury Tourism Automotive • 52.5% stake in Balloon over Bagan • Exclusive service centres for international • Developing hotels in Bagan and Pun Hlaing Golf brands: Mitsubishi, Volkswagen and Hino Estate • JV with Mitsubishi Corporation in tyre business Retail FMCG • Firs
Slide 21: Investments
Investments Telecommunications Elevator Formed a consortium, Digicel Asian Has a 20% interest in a JV with Mitsubishi Holdings, with Digicel Group and FMI and FMI to import, supply and provide maintenance services of elevators, Consortium to develop, construct and escalators and related products lea
Slide 22: New Appointments
New Appointments
Slide 23: Working with the Community
Working with the Community Head of Corporate Social Responsibility – Mr Martin Pun The Company believes that CSR is a fundamental part of the business and believes in taking a long-term approach to ensuring sustainable alignment between our business and our community Martin has been active in Myanma
Slide 24: Strategic Financial Management
Strategic Financial Management Head of Financial Management- Ms Thiri Thant Mon As the Head of Financial Management, her role will include oversight of all aspects of financial management including preparation of budgets, measuring of performance against budgets, capital planning and capital raising
Slide 25: Outlook
Outlook
Slide 26: Myanmar's Significant Developments
Myanmar’s Significant Developments Assumed leadership of ASEAN for 2014, hosting the 24th ASEAN Summit – The event is an important dynamic that will continue to re-integrate Myanmar into the ASEAN region Government continues to push through political and economic reforms resulting in: – Positive dev
Slide 27: Real Estate
Real Estate Real estate developments will continue to benefit from ongoing urbanisation as well as the mismatch in supply and demand in the residential market Continue to look at ways to enhance the attractiveness of our developments such as the establishment on-site of international and local schoo
Slide 28: Thilawa Special Economic Zone
Thilawa Special Economic Zone New River Crossing: Vital connection for Star City 1st phase of the Thilawa Special Economic Zone (SEZ) is expected to be completed in 2015 New bridges and roads are essential infrastructure for operation of Thilawa SEZ Funded by Japanese credit, the government will sel
Slide 29: Outlook
Outlook Continue to be a major player in real estate development in Myanmar, a sector with great market dynamics at the moment Building a team to continue to dominate real estate and diversify for future growth Expect the Group’s small but growing businesses in luxury tourism, agriculture, automobil
Slide 30: Q&A
Q&A
Yoma Strategic Holdings — FY2014 Earnings Presentation on 6ix