Yanlord Land Group Limited · SGX:Z25
Yanlord Land — Q1 2010 Earnings Presentation
18 slides from Yanlord Land's earnings presentation, Jun 2, 2010
Slide 1: Yanlord Land Group Limited 1Q 2010 Results Presentation
仁恒置地集团 YANLORD LAND GROUP LIMITED 1Q 2010 Results Presentation 1
Slide 2: Presentation Content
Presentation Content I. Key Financial Highlights II. Business and Operation Overview III. Outlook 2
Slide 3: Key Financial Highlights
- Yanlord Riverside City (Shanghai) Key Financial Highlights 3
Slide 4: Yanlord 1Q 2010 Business Review
Yanlord 1Q 2010 Business Review Despite recent austerity measures introduced by the PRC central government to cool the property sector, demand for Yanlord’s quality products continues to be resilient. Pre-contracted sales in 1Q 2010 rose $217.9 million or 18.6% to S$1.4 billion as at 31 March 2010 f
Slide 5: Yanlord 1Q 2010 Business Review
Yanlord 1Q 2010 Business Review ASP recognized in 1Q 2010 grew 27.4% to RMB25,050 per sqm from RMB19,658 per sqm for FY 2009. GFA delivered in 1Q 2010 declined 2.9% to 31,709 sqm from 32,662 sqm in 1Q 2009. Maintains robust financial position with cash and bank balances of S$1.3 billion and has a ne
Slide 6: Income Statement – 1Q 2010 VS 1Q 2009
Income Statement – 1Q 2010 VS 1Q 2009 1Q 2010 1Q 2009 % Change S$’mil S$’mil +/(-) Revenue 173.1 186.4 (7.1) Cost of sales (74.1) (66.9) 10.9 Gross profit 99.0 119.5 (17.2) Gross profit margin (%) 57.2 64.1 (6.9) ppt Profit before income tax 70.7 98.1 (27.9) Income tax (49.4) (58.4) (15.3) Profit fo
Slide 7: Financials – Snapshot as of 31 March 2010
Financials – Snapshot as of 31 March 2010 As of 31 Mar 10 As of 31 Dec 09 % Change S$’mil S$’mil +/(-) Current assets 4,103.6 3,993.6 2.8 Non-current assets 3,158.7 2,713.1 16.4 Total assets 7,262.3 6,706.7 8.3 Current liabilities 2,252.1 2,190.3 2.8 Non-current liabilities 1,645.6 1,331.4 23.6 Tota
Slide 8: Profitability and Sustained Growth
Profitability and Sustained Growth Growth S$ million Revenue Gross Profit 893.0 559.5 553.3 1599.7 1559.7 1227.9 438 1014.4 1007.2 186.4 173.1 119.5 89.5 116.2 43.6 99.0 53.2 25.9 44.6 FY2006 FY2007 FY2008 FY2009 1Q2010 FY2006 FY2007 FY2008 FY2009 1Q2010 FY06 FY07 FY08 FY09 1Q10 * IQ figures Margins
Slide 9: Strong Credit Statistics
Strong Credit Statistics Net Debt / Equity (Excl. MI) Net Debt / Total Equity (Incl. MI) 64.0% 51.4% 19.3% 13.2% 14.9% 9.3% Net Cash 5.3% 4.0% Net Cash FY2006 FY2007 FY2008 FY2009 1Q2010 FY2006 FY2007 FY2008 FY2009 1Q2010 Total Debt / Total Equity (Incl. MI) Total Debt / Capitalization* 67.5% 50.2%
Slide 10: Business and Operation Overview
Business and Operation Overview 10
Slide 11: GFA & ASP Overview
GFA & ASP Overview GFA Delivered (sqm) Overall ASP (RMB per sqm) 30,000 500,000 25,000 400,000 20,000 300,000 25,050 15,000 381,597 481,028 200,000 408,153 19,658 285,926 10,000 17,294 342,293 13,039 12,593 100,000 5,000 11,446 31,709 0 0 FY2005 FY2006 FY2007 FY2008 FY2009 1Q2010 FY2005 FY2006 FY200
Slide 12: GFA/ Property Sale Contribution Analysis in 1Q 2010
GFA/ Property Sale Contribution Analysis in 1Q 2010 By City, Project and ASP Property Sale Contribution Major Projects Delivered in 1Q 2010 GFA (sqm) ASP (RMB/sqm) by project (%) Shanghai Yanlord Riverside City (Phase 3) 9,603 39,989 47.7 Nanjing Yanlord International Apartments 9,244 22,196 24.9 Su
Slide 13: Pre-sales Contracts and Receipts
Pre- re-sales Contracts and Receipts Resilient growth Revenue Booked, Contract Sales and Proceeds Collected (S$ million) 3000 2,768.8 149 2500 2,373.1 209.2 1020.1 2000 1,602.3 778.3 1,560.2 1500 1,245.3 263.9 135.9 1,128.7 109.8 928.5 125.8 128.3 536.2 1000 738.5 184.9 1251.2 407.5 1599.7 521.2 138
Slide 14: Diversified Geographic Coverage
Diversified Geographic Coverage Abundant land land bank in high high--growth cities Yangtze River Delta in 1993 Shanghai Bohai Rim in 2005 • Yanlord Riverside City (81,089 sqm) Tianjin • Yunjie Riverside Gardens (100,307 sqm) • Yanlord Riverside Plaza (359,716 sqm) • San Jia Gang Land Plot (35,831 s
Slide 15: Development Strategies
Development Strategies Growth of business across high-growth cities Increase the market share in cities where Yanlord already has established a superior brand name Expand into new cities within the 5 regions where Yanlord is currently in Existing land bank sustainable for development in each of thes
Slide 16: New Launches of property for sale in 2Q 2010
New Launches of property for sale in 2Q 2010 We continue to launch the following new batches of projects in 2Q 2010: Shanghai Yunjie Riverside Gardens (Phase 2) Suzhou Yanlord Peninsula (Apartment) Tianjin Yanlord Riverside Plaza (Phase 1) Zhuhai Yanlord New City Gardens (Phase 2) 16
Slide 17: Commencement of New Constructions
Commencement of New Constructions We plan to commence the construction of the following projects in 2010: Shanghai Waigaoqiao Area Land Shanghai Qingpu Land Nanjing Yanlord Yangtze Riverbay Town (Phase 3) Tianjin Yanlord Riverside Plaza (Phase 2) 17
Slide 18: Disclaimer
Disclaimer This document contains information that is commercially sensitive, subject to professional privilege and is proprietary and confidential in nature. Any professional privilege is not waived or lost by reason of mistaken delivery or transmission. If you receive a copy of this document but a