Tian An Australia Limited · ASX:TIA
Tian An Australia — H1 2017 Earnings Presentation
11 slides from Tian An Australia's earnings presentation, Aug 11, 2017
Slide 1: June 2017 Results
For personal use only June 2017 Results For the six months ended 30 June 2017
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. Overview 2. Financial Results 3. Project Summary 4. Project Updates The Milton Burwood Square 3
Slide 4: Overview
Overview For personal use only Statutory profit of $0.01 million Strong cash reserves with in excess of $49.7 million available. Financial Nil debt outstanding. AUD $22 million financing facility with AP Finance Limited undrawn. Acquired a commercial office in Enfield in December 2016, wit
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to Jun 6 months to Dec Change Summarised Profit and Loss 2017 2016 6 months to June 2017 Commentary ($M) ($M) ($M) Revenue and Other income 4.6 13.4 (8.8) Settlements at SeaSpray Cost of sales (2.6) (3.6) (1.0) Lower SeaSpray commissi
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only June 2017 December 2016 Summarised Balance Sheet June 2017 Commentary ($M) ($M) Assets East Coast projects 10.6 15.1 Settlements at Milton and SeaSpray West Coast projects 55.1 55.1 No change Other assets 59.3 54.7 Cash and other trade receivabl
Slide 7: Project Updates
Project Updates For personal use only Burwood Square 7
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 The Milton Sales / Settlement risk on 50%1 219.8 6.2 295 295 -
Slide 9: SeaSpray The Milton
SeaSpray The Milton For personal use only • TIA interest: 50% • TIA interest: 100% • 295 apartments (100% settled) • 247 lot residential subdivision (83% settled) • 2,270 sqm retail & commercial • Estimated Gross Realisation: $58.0 million • Estimated Gross Realisation: $219.8 million • Status: Cons
Slide 10: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 48.2 3,080 N/A N/A N/A Development Appr
Slide 11: Point Grey Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 potential lots • 66 luxury apartments (94% sold / 94% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved for subdivision and marina • Available apartments: 4 11