Pan Hong Holdings Group Limited · SGX:P36

Pan Hong — Pan Hong Property Group — 3Q2012 Earnings Presentation

14 slides from Pan Hong's earnings presentation, February 2012

  1. Slide 1: Pan Hong Property Group Limited 3Q2012 Results Presentation

    PAN HONG PROPERTY GROUP LIMITED 3Q2012 RESULTS PRESENTATION

  2. Slide 2: Financial Highlights

    Financial Highlights Revenue (RMB'000) NAV/Share (RMB) 3.41 768,767 2.64 603,537 2.19 432,684 1.52 373,505 39,859 FP2008/2009 FY2010 FY2011 9M2011 9M2012 FP2008/2009 FY2010 FY2011 9M2012 28.2% Gearing Ratio *PATAMI (RMB'000) 235,370 171,463 161,106 15.0% 130,621 13.7% (36,985) 0.20% FP2008/2009 FY20

  3. Slide 3: Financial Snapshot

    Financial Snapshot RMB ('000) 3Q2012 3Q2011 Change Revenue 145,105 400,129 (63.7%) Gross profit 53,523 163,814 (67.3%) Gross profit margin 36.9% 40.9% (4pts) Operating profit 135,341 167,985 (19.4%) Profit before income tax 133,186 164,322 (18.9%) Profit after income tax 105,206 125,355 (16.1%) Pan

  4. Slide 4: Financial Review: Revenue

    Financial Review Revenue (RMB’000) Commercial and others Residential 66,178  More residential and commercial properties were sold and delivered at both Zhejiang and Jiangxi in 333,951 3QFY2011. 8,485 136,620  Lower revenue was recorded in 3QFY2012 on YOY basis as it was mainly contributed by the r

  5. Slide 5: Financial Review: Operating Profit

    Financial Review Operating profit margin  Operating Profit  3QFY2011 RMB168.0 million  3QFY2012 RMB135.3 million 93%  Higher operating profit margin in 3QFY2012 is mainly contributed by the other income and gains from the sale and transfer of Hailian Project at Zhejiang  Selling expenses has al

  6. Slide 6: Financial Review: Profit Before Tax

    Financial Review RMB ‘000 3QFY2011 3QFY2012 Profit before tax (RMB’million) Finance costs (3,621) (865) Share of result of jointly (42) (1,290) controlled entity & others Profit before tax 164,322 133,186 164.3  Profit before tax  3QFY2011 RMB164.3 million 133.2  3QFY2012 RMB133.2 million  Highe

  7. Slide 7: Sound Financial Position

    Sound Financial Position RMB ('000) As at 31 Dec 2011 As at 31 Mar 2011 Change Cash and bank balances 195,437 223,069 (27,632) Bank and other loans 41,065 364,779 (323,714) Net current assets 1,538,516 1,096,254 442,262 Total equity 1,756,035 1,361,207 394,828 Gearing ratio 0.2% 15.0% (14.8pt) Finan

  8. Slide 8: Status of on-going projects

    Status of on-going projects • Total unbilled sales at 31 Jan 2012  RMB 510.6m Residential Fuzhou Hua Cui Ting Yuan P1 Nanchang Honggu Kaixuan P2 Location Jiangxi Location Jiangxi % sold 64% % sold 98% Unbilled sales^ RMB249.8m Unbilled sales^ RMB58.4m ASP per sq m RMB4,795 ASP per sq m RMB7,216 Yic

  9. Slide 9: Future Developments

    Future Developments Projects Location 2012 2013 2014 2015 2016 2017 2018 2019 Huzhou Hua Cui Ting Yuan P2 Zhejiang Huzhou Runyuan Project Zhejiang Fuzhou Hua Cui Ting Yuan P2 and 3 Jiangxi Nanchang Dingxun Project P1 to 5 Jiangxi Leping Projects P1 to 3 Jiangxi Yichun Royal Lake City Project Jiangxi

  10. Slide 10: Land Reserves

    Land Reserves Project Equity Location Est. GFA Expected Completion (sq m) Date 1 Huzhou Hua Cui Ting Yuan 100% Zhejiang 55,000 CY2014 Phase 2 2 Fuzhou Hua Cui Ting Yuan 100% Jiangxi 177,871 Phase 2: 1QCY2013 Phase 2 and 3 Phase 3: 4QCY2014 3 Huzhou Runyuan Project 100% Zhejiang 216,000 CY2014 5 Nanc

  11. Slide 11: Summary

    Summary Total unbilled sales worth RMB510.6 million will provide earnings visibility in the future The Group’s gearing ratio further improved to 0.2% an unparalleled position among its peers Land Reserve of appx GFA 3 million sqm can sustain the pipeline for property developments in the next few yea

  12. Slide 12: Company Outlook & Strategy

    Company Outlook & Strategy  The Group has plans to step up its property development in the next few years in order to weather the future market improvement and demand.  The Group will closely monitor any development or changes in the property market and stay nimble and astute in timing its develop

  13. Slide 13: Contact

    Contact Pan Hong PANH SP Equity Last price (10 Feb 2012) S$ 0.28 Issued shares 515,395,024 (excluding treasury shares) Market capitalization S$ 144.3 million Free float (%) 37.4% P/E (Historical) 3.2 times Major shareholders : Substantial Shareholders: 1. Extra Good - 55.88% 2. Wong Lam Ping - 3.95%

  14. Slide 14: Thank You

    Thank You Pan Hong Property Group 3Q2012 Results 14

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