Sunland — FY2019 Earnings Presentation
21 slides from Sunland's earnings presentation, Sep 16, 2019
Slide 1: Sunland Group
Sunland Group
Slide 2: Full Year Results 2019
FULL YEAR RESULTS 2019 (TO BE READ IN CONJUNCTION WITH THE GROUP'S FINANCIAL REPORT)
Slide 3: Group Overview and Development Portfolio
GROUP OVERVIEW AND DEVELOPMENT PORTFOLIO
Slide 4: For 36 years, Sunland Group has contributed to vibrant communities
FOR 36 YEARS, SUNLAND GROUP HAS CONTRIBUTED TO THE CREATION OF VIBRANT COMMUNITIES. AS WE ENTER A NEW CHAPTER OF LEARNING, WE ARE FOCUSED ON FURTHER ADVANCING OUR UNDERSTANDING OF THE RELATIONSHIP BETWEEN ARCHITECTURAL EXCELLENCE, URBAN DESIGN, AND SUSTAINTABILITY IN CREATING COMMUNITY VIBRANCY AND
Slide 5: Group Narrative & Key Milestones
Group Narrative & Key Milestones CHAPTER ONE CHAPTER TWO CHAPTER THREE CHAPTER FOUR CHAPTER FIVE CHAPTER SIX 1983—1990 1991—1999 2000—2005 2006—2009 2010–2017 2018–BEYOND PIONEERING YEARS CREATIVE INNOVATION NATIONAL EXPANSION GLOBAL GROWTH STRATEGIC EVOLUTION NEW HORIZONS [1983] 27 CABANA BOULEVARD
Slide 6: National Portfolio
National Portfolio THE GROUP'S PORTFOLIO COMPRISES 4,292 RESIDENTIAL HOMES, URBAN LAND LOTS, MULTI-STOREY APARTMENTS, AND 20,000SQM OF RETAIL, REPRESENTING $3.0 BILLION.* M U LT I -S T O R E Y RESIDENTIAL HOUSING URBAN T O TA L R E TA I L T O TA L P O R T F O L I O # # # # M2 2, 0 76 9 15 1,301 4,29
Slide 7: FY19 Key Results
FY19 Key Results SUNLAND REMAINS WELL POSITIONED TO CAPITALISE ON THE DELIVERY OF STRATEGIC SITES, PARTICULARLY IN SOUTH-EAST QUEENSLAND AND ACROSS THE GROUP’S SUBSTANTIAL MULTI-STOREY DEVELOPMENT PORTFOLIO. RESULT AFFECTED BY 1H19 NET REALISABLE VALUE (NRV) KEY OPERATIONAL HIGHLIGHTS FOR PERIOD END
Slide 8: Development Portfolio: Completed, Under Construction or Coming Soon
Development Portfolio: Completed, Under Construction or Coming Soon Completed Projects Under Construction Future Projects TOWNSVILLE B AY S I D E – B U S H L A N D B E A C H URBAN DEVELOPMENT G R A C E O N C O R O N AT I O N MULTI-STOREY HYDE RESIDENCES RESIDENTIAL HOUSING KIRKDALE RESIDENCES RESIDE
Slide 9: Financial & Operational Review
FINANCIAL & OPERATIONAL REVIEW
Slide 10: Financial Performance
Financial Performance PORTFOLIO KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 30 JUNE 2019 ›› Projects strategically target the owner-occupier market, with a particular focus on first home $M F Y 19 F Y 18 buyers and downsizers. TOTA L R E V E N U E 282.7 329.9 ›› Longer approval timeframes are impacti
Slide 11: Operational Review—Sale of Properties
Operational Review—Sale of Properties HISTORICAL SALES VALUE AND AVERAGE SALE PRICE VOLUME (YEAR ENDING 30 JUNE 2019) (YEAR ENDING 30 JUNE 2019) 905 900 905905 900900 500 1200 800 509.0 500500 12001200 800800 509.0 509.0 700 718.3 675.0 400 1000 700700 718.3 718.3 600 613.0 675.0 675.0 400400 376.4
Slide 12: Operational Review—Projects Under Construction
Operational Review—Projects Under Construction URBAN $86 M PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 30 JUNE 2019) 10% UNSETTLED CONTRACTED % CONTRACTED LOTS LOTS LOTS HOUSING 15% # $M # $M # $M $138 M M U LT I-S TO R E Y 667 686 94 152 14% 22% VA L U E O F U N S E T T L E D LOTS BY SEGMENT HOUS
Slide 13: Operational Review—Total Development Portfolio
Operational Review—Total Development Portfolio URBAN $256 M TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 30 JUNE 2019) 9% TO BE UNDER T O TA L D E V E L O P M E N T P O R T F O L I O RELEASED CONSTRUCTION HOUSING 21% # ($M) # $M # $M $592 M VA L U E O F T O TA L M U LT I-S TO R E Y 1,409 1,322 667
Slide 14: Outlook
OUTLOOK
Slide 15: Outlook
Outlook THE CURRENT HEADWINDS in the residential sector, evidenced by the slowing sales rate and volume across the sector in FY19, are being offset by recent rate reductions and improved access to finance. We believe market conditions are unlikely to strengthen in the short-term and the Group remain
Slide 16: Portfolio Details
PORTFOLIO DETAILS
Slide 17: Portfolio Under Construction
Portfolio Under Construction PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS (#) ($M) (#) ($M) (#) ($M) (#) ($M) (#) ($M) M U LT I -S T O R E Y MARINA CONCOURSE, QLD 110 89 59 48 51 42 5 4 46 38 272 H E D G E S AV E N U E , Q L D 98 249 - - 98 249 56 124 42
Slide 18: Portfolio to be Released
Portfolio to be Released PORTFOLIO TO BE RELEASED YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS (#) (M) (#) (M) (#) (M) (#) (M) (#) (M) M U LT I -S T O R E Y G R A C E O N C O R O N AT I O N, Q L D * 237 315 237 315 237 315 INGLESIDE, NSW 72 61 72 61 72 61 1 80 M A R I N E PA R A D E
Slide 19: Project Settlement Timeline
Project Settlement Timeline PORTFOLIO UNDER CONSTRUCTION F Y 20 F Y 21 F Y 22 F Y 23 & B E Y O N D R E S I D E N T I A L A PA R T M E N T S 27 2 H E D G E S AV E N U E , Q L D MARINA CONCOURSE, QLD M A G N O L I A PA R T M E N T S, Q L D T H E L A N E S R E S I D E N C E S, Q L D RESIDENTIAL HOUSING
Slide 20: Project Settlement Timeline
Project Settlement Timeline PORTFOLIO TO BE RELEASED F Y 20 F Y 21 F Y 22 F Y 23 & B E Y O N D R E S I D E N T I A L A PA R T M E N T S MARINER'S COVE, QLD G R A C E O N C O R O N AT I O N, Q L D 1 80 M A R I N E PA R A D E , Q L D G R E E N M O U N T R E S I D E N C E S, Q L D THE LAKES - FUTURE MI
Slide 21: Sunland Group
Sunland Group