Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — FY2013 Earnings Presentation
28 slides from Yoma Strategic's earnings presentation, May 27, 2013
Slide 1: FY2013 Results Briefing
FY2013 Results Briefing 27 May 2013
Slide 2: Disclaimer
Disclaimer The material presented herein is for your general information only and nothing herein shall be considered to be business or legal advice. No representation, warranty or recommendation whatsoever as to the merits of investing in any company, entity or financial instrument is to be read or
Slide 3: Agenda
Agenda Yoma at a glance FY2013 Highlights Financial Overview Latest Developments Outlook Questions & Answers 3
Slide 4: Yoma at a Glance
Yoma at a Glance Listed on SGX Mainboard (Z59:SI) in August 2006 Current businesses include Real Estate, Agriculture, Automotive and Retail Affiliated to SPA Group Myanmar via common major shareholder, Serge Pun Constituent stock in FTSE ST Small Cap Index & MCSI ASWI Global Small Cap Index
Slide 5: Experienced Management Team
Experienced Management Team Chairman's Office Serge Pun Chairman CEO's Office CEO's Office Jerry Westmore Andrew Rickards General Manager CEO Investor Legal Finance Human Business Risk Relations Resources Development Management Loo Hwee Fang Joycelyn Siow Jane Kwa Group Legal Group Financial Tom Wan
Slide 6: FY2013 Highlights
FY2013 Highlights
Slide 7: FY2013 Highlights
FY2013 Highlights Successful acquisition of Star City (Jun 2012) Issued 192,853,000 Placement Shares to Capital International, Inc. (82,000,000) and other subscribers (110,853,000) (Nov 2012) JV announced with Parkson Myanmar & FMI (PMIC) to operate department stores in Myanmar (Dec 2012) Pr
Slide 8: FY2013 Financials
FY2013 Financials = Fan it
Slide 9: Financial Highlights
Financial Highlights Revenue 54.2 % to S$60.5m S$’million (FY2012: S$39.2m) 70 – Higher ASP for LDRs – Sale of more development properties in PHGE & Star 60.5 City 60 Gross profit 124.1% to S$26.2m 50 (FY2012: S$11.7m) 39.2 Gross profit margin: 43.3% 40 (FY2012: 29.8%) – Higher selling price
Slide 10: FY2013 Revenue Breakdown
FY2013 Revenue Breakdown In S$’million FY2013 FY2012 Sales of Housing and Housing 27.1 11.84 LDRs LDRs 28.2 23.1 Construction related services* 2.1 1.3 Agriculture - 0.04 Automotive 2.4 0.96 Total 60.5 11.7 FY2013 FY2012 Construction Automotive Agriculture Automotive related 4% 0.1 3% 4% Constructio
Slide 11: Property Development Projects Update
Property Development Projects Update Pun Hlaing Golf Estate Star City Lakeview Apartment Blocks A to F fully sold ; Block G intended for rental Building 3 Ivory Court Residences 252 out of 264 units sold as at 31 Dec 2012; booking deposits for additional 8 units received Second phase (ICR II) fully
Slide 12: Gross & Net Margins
Gross & Net Margins 25 60 49.1 47.2 50 20 41.9 37.1 40 34.4 15 27.7 28.2 30 26.7 25.7 10 19.6 19.1 16.9 20 15.7* 13.8 14.2 13 5 10 Revenue 5.9 7.3 9.8 16.1 13.6 11.6 13 20.5 Gross Margin 0 0 1Q FY2012 2Q FY2012 3Q FY2012 4Q FY2012 1Q FY2013 2Q FY2013 3Q FY2013 4Q FY2013 Net Margin * Calculated based
Slide 13: P&L Statement
P&L Statement Change In S$’million unless otherwise stated FY2013 FY2012 (%) Revenue 60.5 39.2 54.2 Cost of sales (34.3) (27.5) 24.5 Gross profit 26.2 11.7 124.1 Other operating gains 9.6 1.1 759.8 Expenses Finance - (0.8) NM Sales & distribution (0.3) (0.04) 837.8 Administrative (19.4) (5.6) 248.9
Slide 14: Selected Balance Sheet Items
Selected Balance Sheet Items In S$’million unless otherwise stated 31 Mar 2013 31 Mar 2012 Cash and cash equivalents 106.2 20.1 Trade and other receivables 35.4 6.5 Inventories 1.7 1.6 Properties under development 22.7 7.5 LDRs 179.0 57.8 Operating rights 11.4 11.9 Investment rights* - 32.1 Investme
Slide 15: Latest Developments
‘ »! Latest Developments | "4
Slide 16: Landmark Development Project
Landmark Development Project Signed S&P agreement with SPA Group on 19 Nov 2012 to acquire 80% Landmark Development Project Acquisition cost of approx. S$99.16m to be funded by 1 for 4 rights issue Development cost may be partially funded by net proceeds of placement completed in Nov 2012 16
Slide 17: Landmark Development Project
Landmark Development Project Mixed-use development comprising: 5-star hotel in iconic heritage building 5-star luxury condominium building Business hotel Executive serviced apartment Grade-A office towers Retail podium Acquisition approved by shareholders at EGM on 28 Feb 2013 Awai
Slide 18: Retail
Retail Incorporated PMIC (JV) with Parkson Myanmar & FMI to operate department stores in Myanmar on Dec 2012 Interest in PMIC – Parkson Myanmar (70%) – Yoma Strategic (20%) – FMI (10%) Incorporated Myanmar Parkson Company Limited (MPCL) on 1 April 2013 First store located in FMI Centre, Pabe
Slide 19: Retail
Retail New brands in Myanmar @ Parkson FMI: 19
Slide 20: Automotive
Automotive Established 70:30 Singapore JV with FMI called Myanmar Motors Pte. Ltd Acquisition of German Car Industries Company Limited (GCI) for US$700,000 completed in March 2013 – Established premier service centre for European vehicles in Yangon Possible acquisition of existing automotive b
Slide 21: Agriculture
Agriculture 100,000 acres of contiguous agricultural land located on the Maw Tin estate in Ayerwaddy Division of Myanmar, situated 260 km west of Yangon Jatropha Curcas currently main agricultural product – accounting for approx. 2,000 acres Started planting black pepper Exploring additional
Slide 22: Luxury Tourism
Luxury Tourism Opportunity to enter high-end tourism at a time when Myanmar is receiving rapidly growing international attention and interest Aim to capture all spending from beginning to end of the trip and “complete the circuit” Creating destination for Luxury Tourism in Myanmar and a leadin
Slide 23: Luxury Tourism
Luxury Tourism YSH & FMI has formed JVCo, Chindwin Holdings, to acquire 75% of Balloons over Bagan (BOB) for US$10.7 m BOB currently operates 7 balloons of various sizes, to be expanded to 12 balloons over a few years Consideration payable by JVCo: US$8.6m on completion US$2.1m payable in
Slide 24: Telecommunications
Telecommunications Part of consortium bidding for one of two mobile phone licenses expected to be awarded by the Myanmar Government in 2013 Consortium includes: – Digicel Group (leading global communications provider in 31 markets in the Caribbean, Central America and Asia Pacific) – Quantum Str
Slide 25: Telecommunications
Telecommunications Pre-qualified consortia for the two telecommunications licences as announced on 11 April 2013: Airtel Consortium Axiata Group Berhad Digicel France Telecom-Orange + Marubeni KDDI Corporation + Sumitomo Corporation + Myanmar Information and Communication Technology Develo
Slide 26: Outlook
Outlook Real estate remains as the Group’s core business – Pun Hlaing Golf Estate likely to see increased demand as Myanmar’s wealth rises and the expected increase in foreigners looking for international standard accommodations – Star City likely to benefit from shortage of quality apartments in
Slide 27: Outlook
Outlook Reorientation of the Maw Tin Estate – From Jatropha to higher value crops such as pepper and other crops Developing automotive business – Intention to move into passenger vehicles Moving into luxury tourism – Set to grow strongly as number of tourists grow dramatically Potential of t
Slide 28: Questions & Answers
Questions & Answers
Yoma Strategic Holdings — FY2013 Earnings Presentation on 6ix