Ying Li International Real Estate Limited · SGX:5DM
Ying Li International Real Estate — Q2 2013 Earnings Presentation
20 slides from Ying Li International Real Estate's earnings presentation, 2013
Slide 1: 2Q 2013 Results Presentation
Chongqing Jiefangbei CBD 2Q 2013 Results Presentation
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of Ying Li or the Group, or industry results, to be materially different from any fut
Slide 3: Agenda
Agenda 1. Financial Results 2. Business Updates 3. Appendix 3
Slide 4: Financial Results
Financial Results WD A Ee
Slide 5: 2Q 2013 – Consolidated Income Statement
2Q 2013 – Consolidated Income Statement 2Q 2013 (RMB’000) 2Q 2012 (RMB’000) % CHANGE Revenue 89,430 145,331 (38.5%) Sales of Properties 62,303 125,064 (50.2%) Rental Income 27,127 20,267 33.8% Gross Profit 43,208 82,834 (47.8%) Gross Profit Margin 48.3% 41.7% +6.6pp Other Income 1,269 8,676 (85.4%)
Slide 6: Revenue Contribution
Revenue Contribution Sales Revenue (RMB million) 600 547.1 501.2 500 400 300 200 139.0 125.0 107.6 76.7 62.3 100 31.2 0 FY 10 FY 11 FY 12 1H 13 1Q 12 1Q 13 2Q 12 2Q 13 Rental Revenue (RMB million) 100 84.0 80 60 53.9 +33.8% 45.7 46.4 26.8 27.1 40 20.3 13.4 20 0 FY 10 FY 11 FY 12 1H 13 1Q 12 1Q 13 2Q
Slide 7: Note – Consolidated Income Statement
Note – Consolidated Income Statement Revenue Sale of Properties • Fewer properties being available for sale as the bulk of our completed projects were sold and recognised in prior periods. • Revenue from Ying Li International Plaza project has not been recognised as it has not been completed. Rental
Slide 8: 2Q 2013 – Statement of Financial Position
2Q 2013 – Statement of Financial Position (RMB’000) 30 Jun 13 31 Dec 12 Total Assets 7,820,782 7,375,119 Total Liabilities 4,590,167 4,141,761 Total Equity 3,230,615 3,233,358 Cash and Cash Equivalents 783,746 758,974 Net Gearing Ratio 48.1% 54.5% Total Debts to Total Asset 29.9% 34.2% • Increase in
Slide 9: Business Updates
Business Updates WD A Ee
Slide 10: Business Updates – Ying Li IFC Office
Business Updates – Ying Li IFC Office Ying Li IFC Office • Leasing activities continue to progress smoothly. High Zone Office New tenants include: Leased / Sold 44.0% o Financial Secretary Incorporated (Hong Kong) o Sichuan Trust Co. Mid Zone Office Office Leased / Sold Average o Chongqing Guang E T
Slide 11: Business Updates – Ying Li IFC Mall
Business Updates – Ying Li IFC Mall Ying Li IFC Retail Mall • New tenants: H&M o Swedish multinational retail-clothing company, known for its fast-fashion clothing for men, women, teenagers and children o Largest and flagship store in Chongqing Evisu o An international well-known Japanese company th
Slide 12: Business Updates – Ying Li International Plaza
Business Updates – Ying Li International Plaza Ying Li International Plaza Construction Progress Blk 1 Blk Blk 3 4 Blk 2 Blk 1 Blk 1 Blk Blk 3 4 Retail Podium Retail Podium *Photos as at Aug 2013 Ying Li Int’l Plaza (as at May 13) Construction Progress Total Floors Block 1 Structure Completed 50 Blo
Slide 13: Business Updates – Ying Li International Plaza (cont.)
Business Updates – Ying Li International Plaza (cont.) Targeted to open in 4Q 2013 Ying Li International Plaza Retail Mall *Photos as at Aug 2013 Ying Li International Plaza Mall • Construction progressing smoothly at Ying Li (Commercial) Total leasable GFA = 98,439 m2 International Plaza Retail Mal
Slide 14: Business Updates – Ying Li International Plaza (cont.)
Business Updates – Ying Li International Plaza (cont.) Ying Li International Plaza Pre-Sales % Units Sold (to date) 99.7% 99.0% 99.2% 97.8% ASP = RMB13,000/sqm Cumulative Contracted ASP to-date = RMB11,060/sqm Cumulative contracted pre-sales to-date = RMB974 mil 21.1% Phase 1 Phase 2 Phase 3 Phase 4
Slide 15: Business Updates – San Ya Wan Phase 2
Business Updates – San Ya Wan Phase 2 San Ya Wan Phase 2 • Ongoing earthwork at San Ya Wan Phase 2 is progressing smoothly • Started on project design and expect to complete the project in stages in 2015 to 2016 15
Slide 16: Business Updates – Chongqing Financial Street Project
Business Updates – Chongqing Financial Street Project Chongqing Financial Street Project • Ongoing subway track protection construction and have commenced beam foundation construction • Commenced resettlement on the adjacent Wei Yuan land parcel • Completion of project expected to be in stages from
Slide 17: Thank You
Thank You For further information, please contact: Mr. Ronald Ng Manager, Investor Relations Tel : (65) 6334 9056 Email : ronald.ngyz@yingligj.com Please visit our website at www.yingligj.com for more information. 17
Slide 18: Appendix
Appendix 18
Slide 19: Chongqing Economic indicators
Chongqing Economic indicators Chongqing 2Q 2013 Economic Indicators Indicators Unit Value Change y-o-y (%) GDP RMB billion 584.05 12.4% Industrial Output RMB billion 711.79 15.0% Fixed Asset Investment RMB billion 453.12 21.3% Foreign Direct Investment (FDI) US$ billion 4.21 20.0% Retail Sales RMB b
Slide 20: Chongqing’s Property Landscape
Chongqing’s Property Landscape • Chongqing’s Property Landscape for 2Q 2013 • Chongqing Grade A office rental rate increased 1.01% y-o-y to RMB 95.98 per sq.m per month ^ • Yuzhong district Grade A office edge up 0.81% to RMB 99.23 per sq.m per month ^ • Adopting a cautious approach toward expansion
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