Sunland — FY2018 Earnings Presentation
21 slides from Sunland's earnings presentation, Aug 21, 2018
Slide 1: Sunland Group
Sunland Group
Slide 2: Full Year Results 2018
FULL YEAR RESULTS 2018 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: Throughout Sunland's 35-year history, our desire to contribute to vibrant communities
THROUGHOUT SUNLAND'S 35-YEAR HISTORY, OUR DESIRE TO CONTRIBUTE TO THE CREATION OF VIBRANT COMMUNITIES HAS SET US ON A PATH OF LEARNING AS WE EXPLORE HOW ARCHITECTURAL EXCELLENCE AND BEAUTY CAN DEFINE, SHAPE, AND ENGAGE THE URBAN FABRIC OF COMMUNITY LIFE AND CONTRIBUTE TOWARDS BETTERMENT FOR ALL.
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 4,977 RESIDENTIAL HOMES, URBAN LAND LOTS, MULTI-STOREY APARTMENTS, AND 27,000SQM OF RETAIL, REPRESENTING $3.6 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, 4 3 6 1,226 1,315 4,
Slide 7: FY18 Key Results
FY18 Key Results SUNLAND IS 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. SOLID FINANCIAL RESULTS DESPITE SLOWING SALES KEY OPERATIONAL HIGHLIGHTS FOR PERIOD ENDING 30 JU
Slide 8: Portfolio Under Construction & Coming Soon
Portfolio Under Construction & Coming Soon UNDER CONSTRUCTION FUTURE RELEASES TOWNSVILLE BAYSIDE urban development BRISBANE KENMORE residential housing G R AC E O N CO R O N AT I O N multi-storey GOLD COAST THE LANES RESIDENCES multi-storey GREENMOUNT RESIDENCES multi-storey THE LANES SHEA RESIDENCE
Slide 9: Financial & Operational Review
FINANCIAL & OPERATIONAL REVIEW
Slide 10: Financial Performance
Financial Performance PORTFOLIO KEY FINANCIAL HIGHLIGHTS FOR PERIOD ENDING 30 JUNE 2018 ›› Projects are strategically focused on targeting the owner-occupier market, with a $M F Y 18 F Y 17 % CHANGE particular focus on first home buyers and downsizers. TOTA L R E V E N U E 298.7 405.5 -26% ›› Longer
Slide 11: Operational Review—Sale of Properties
Operational Review—Sale of Properties HISTORICAL SALES VALUE AND AVERAGE SALE PRICE VOLUME (YEAR ENDING 30 JUNE 2018) (YEAR ENDING 30 JUNE 2018) 500 500 12001200 800 800 509.0 509.0 700 700 718.3 718.3 675.0 675.0 400 400 10001000 389.0 389.0 600 600 618.4 618.4 613.0 613.0 376.4 376.4 560.0 560.0 5
Slide 12: Operational Review—Projects Under Construction
Operational Review—Projects Under Construction URBAN $100 M PROJECTS UNDER CONSTRUCTION BY SEGMENT (AS AT 30 JUNE 2018) 11% UNSETTLED CONTRACTED % CONTRACTED LOTS LOTS LOTS # $M # $M # $M M U LT I-S TO R E Y 416 486 78 62 19% 13% VA L U E O F U N S E T T L E D HOUSING LOTS BY SEGMENT 53% M U LT I -S
Slide 13: Operational Review—Total Development Portfolio
Operational Review—Total Development Portfolio URBAN $269 M TOTAL DEVELOPMENT PORTFOLIO BY SEGMENT (AS AT 30 JUNE 2018) 8% TO BE UNDER T O TA L D E V E L O P M E N T P O R T F O L I O RELEASED CONSTRUCTION HOUSING 26% # ($M) # $M # $M $886 M VALUE OF TOTAL M U LT I-S TO R E Y 2,020 1,733 416 486 2,4
Slide 14: Outlook
OUTLOOK
Slide 15: Outlook
Outlook FOLLOWING A NINE-YEAR period of expansion, the Australian property market has entered an inevitable phase of consolidation and adjustment. This is the natural consequence of the cyclical nature of our industry and evidenced by a reduction in the volume of property sales, a reduction in forei
Slide 16: Portfolio Details
PORTFOLIO DETAILS
Slide 17: Portfolio Under Construction
Portfolio Under Construction PORTFOLIO UNDER CONSTRUCTION YIELD SETTLED LOTS UNSETTLED LOTS CONTRACTED LOTS UNSOLD LOTS (#) ($M) (#) ($M) (#) ($M) (#) ($M) (#) ($M) M U LT I -S T O R E Y MARINA CONCOURSE, QLD 110 88 - - 110 88 72 55 38 33 272 H E D G E S AV E N U E , Q L D 96 244 - - 96 244 3 5 93 2
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 * 558 502 558 502 558 502 INGLESIDE, NSW 72 61 72 61 72 61 O N E M A R I N E PA R A D
Slide 19: Project Settlement Timeline
Project Settlement Timeline PORTFOLIO UNDER CONSTRUCTION F Y 19 F Y 20 F Y 21 F Y 22 & B E Y O N D M U LT I -S T O R E Y 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 HOUSING T H E G A R D E N S, V I C PAV I L I O N S, Q L D T H E L A K E S R E S I
Slide 20: Project Settlement Timeline
Project Settlement Timeline PORTFOLIO TO BE RELEASED F Y 19 F Y 20 F Y 21 F Y 22 & B E Y O N D M U LT I -S T O R E Y MARINER'S COVE, QLD G R A C E O N C O R O N AT I O N, Q L D O N E 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 T H E L A N E S R E S I D E N C E S, Q
Slide 21: Sunland Group
Sunland Group