Sino-ocean Service Holding Ltd. · HKEX:6677
Sino-ocean Service — H1 2021 Earnings Presentation
24 slides from Sino-ocean Service's earnings presentation, 2021
Slide 1: Interim Results 2021
INTERIM RESULTS 2021
Slide 2: Highlights
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Slide 3: Highlights
Highlights Significant improvement in Substantial growth in scale Effective expansion Rapid growth for VAS profitability Newly added GFA from Revenue from community Contracted GFA Gross profit third-party VAS 82.6 mil sq.m. 10.9 mil sq.m. RMB 441.3 mil RMB 371.8 mil 33.5% 430.3% 71.6% 265.5% Third-p
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Sustainable growth in scale
Sustainable growth in scale From the six months ended 30 June 2021, revenue increase by 53.2% to RMB1,384.6 million as compared to the six months ended 30 June 2020. Contracted GFA was 82.6million sq.m., GFA under management was 57.8 million sq.m.; percentage of third-party contacted GFA increas
Slide 6: Revenue mix optimization
Revenue mix optimization Revenue from community VAS was RMB 371.8 million, contributed 26.8% of 2021H1 revenue Net profit attrib. to Owners of the company increased by 73.3% YoY to RMB261.3 million; net profit margin attrib. to Owners of the company was 18.9% Core profit increased by 109.7% Yo
Slide 7: Consolidating our advantages in mid- and high-end property
Consolidating our advantages in mid- and high-end property 91.7% of GFA under management are located in first- and second-tier cities, with strong presence in Beijing- Tianjin-Hebei region and Bohai Rim region As of 30 June 2021, average property management fee was RMB3.5/sq.m./ month GFA under
Slide 8: Diversifying non-residential properties
Diversifying non-residential properties Cooperation with Sino-Ocean Capital providing property management services to logistics warehouse and IDC with an aggregate GFA of 2 million sq.m. Significant growth in non-residential properties High-end shopping malls Office buildings • 9 new additions • 1
Slide 9: Commercial operational services to become new growth engine
Commercial operational services to become new growth engine Providing commercial operational services to 11 commercial properties (GFA of approximately 905,000 sq.m.) and 11 office buildings (GFA of approximately 966,000 sq.m.) of Sino-Ocean Group and its associaites As high-end mall and office
Slide 10: Rapid development of commercial property portfolio
Rapid development of commercial property portfolio Property management and commercial operations included, we managed a total of 71 commercial property projects1, comprising 36 commercial projects and 35 office projects Joint Venture with Complex Community 5A Office Other Offices Swire Commercial
Slide 11: Commercial projects located in core first-tier and New first-tier cities
Commercial projects located in core first-tier and New first-tier cities Beijing Shanghai Tianjin Hangzhou Beijing Ocean Xingfan Plaza Incom Wellness Industrial Contracted GFA: 31,000 sq.m. Park Launched 2021 GLA: 53,000 sq.m. Ocean We-life Plaza Sino-Ocean Tower(Shanghai) Ocean We-Life Plaza(Tianji
Slide 12: Leaping growth in community VAS
Leaping growth in community VAS Revenue from community VAS was RMB 371.8 million, increasing 265.5% YoY. Revenue from community VAS Revenue from community VAS breakdown （RMB million） （RMB million） 183.3 2020H1 2021H1 371.8 316.2 104.6 84.1 118.1% 1,294.3% 83.8 726.0% 241.3 237.3 7.5 10.1 Community
Slide 13: Focusing on four paths, and promoting service power
Focusing on four paths, and promoting service power Focusing on property brokerage services, community living, home decoration and community space operation services Optimizing systems and enhancing service standards Digitalization, productization and delicacy of services in ongoing improvemen
Slide 14: Focusing on property maintenance and appreciation
Focusing on property maintenance and appreciation Property brokerage business take breakthroughs in both stores coverage and transaction amount Home decoration services focused on turnkey furnishing and move-in services and renovation services Property brokerage services Home decoration services
Slide 15: Taking insights in community needs
Taking insights in community needs Improving the potential growth of community space operation services through sophisticated model and technology Community living services reported 140-fold YoY Community asset VAS Retail sales of commodities • Efficiency improvement empowered by technology • Re
Slide 16: Ready for community senior living service
Ready for community senior living service One of the six pilot community senior living services operators designated by MOHURD(住建部） Constructing platform for community senior living services, backed by Senior Living L’amore, and starting with potential, highly demand services Excellent foundatio
Slide 17: Technical expertise highlighted in VAS to non-property owners
Technical expertise highlighted in VAS to non-property owners Property engineering service was RMB 111.8 million, increasing 312.4% YoY. Revenue from VAS to non-property owners breakdown by proportion Revenue from property engineering services （RMB million） Pre-delivery services 111.6 111.8 34% 41
Slide 18: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 19: Rapid growth in revenue
Rapid growth in revenue Revenue for H1 2021 amounted to RMB1,384.6 million, up 53.2% YoY; revenue from property management services, community VAS and VAS to non-property owners accounted for 53.8%, 26.8% and 19.4%, respectively Revenue from property management services Revenue （RMB million） （RMB
Slide 20: Significant improvement in profitability
Significant improvement in profitability Gross profit margin increased by 3.4 pts, with gross profit margin of property management services increasing by 2.5 pts, community VAS and VAS to non-property owners decreased by 12.9 ppts and 2.5 ppts, respectively Gross profit GP from PM services 13.7% 1
Slide 21: Profit attributable to Owners of the company and basic earnings per share
profit attributable to Owners of the company and basic earnings per share profit attributable to owners of the company grew by 73.3% YoY, while core profit grew by 109.7% YoY Basic earnings per share was RMB0.22, up 29.4% YoY Profit Basic earnings per share （RMB million） (RMB) 19.6% 14.3% 12.4%
Slide 22: Other financial indicators
Other financial indicators Strong cash flow from operating activities, highlighted by 337.5% YoY growth Cash and equivalent was RMB 2,366 million, up 8.8% than that of 2020 Net cash generated from operating activities Cash and cash equivalents （RMB million） （RMB million） 361.4 2,366.0 2,175.0 28
Slide 23: Disclaimer
DISCLAIMER These materials have been prepared by Sino-Ocean Service Holding Limited (the “Company”) solely for informational use during its presentation to prospective and existing investors for introduction of the Company and to provide an update on the business performance and development of the C
Slide 24: Q&A Thanks!
Q&A SINO-OCEAN SERVICE (6677.HK) Thanks!
Sino-Ocean Service Holding — H1 2021 Earnings Presentation on 6ix