Ytl Hospitality Reit · MYX:YTLREIT
Ytl Hospitality Reit — 1Q FY2025 Earnings Presentation
39 slides from Ytl Hospitality Reit's earnings presentation, Nov 26, 2024
Slide 1: First Quarter FY2025 Financial Results
First Quarter FY2025 Financial Results 26 November 2024
Slide 2: Key Highlights – 1Q FY2025
KEY HIGHLIGHTS – 1Q FY2025 • Income available for distribution is RM26.5 FINANCIAL million for 1Q FY2025 PORTFOLIO HIGHLIGHTS MANAGEMENT • Properties in Malaysia and Japan under master leases • Properties in Australia (1Q FY2025 vs 1Q FY2024) ➢ Average Occupancy Rate: 81.6% vs 81.7% ➢ ADR: AUD293 vs
Slide 3: Financial performance 1Q FY2025
1 Financial performance 1Q FY2025 Pangkor Laut Resort Perak Darul Ridzuan, Malaysia
Slide 4: Financial Performance: 1Q FY2025
FINANCIAL PERFORMANCE: 1Q FY2025 1 July - 30 September 1Q FY2025 1Q FY2024 Change Total Revenue 132.7 130.9 + 1.4% (1) - Hotel Revenue (Management Contracts) 85.8 87.5 (1.9%) (2) - Lease Rental (Master Leases) 46.9 43.4 + 8.1% Net Property Income (NPI) 68.9 68.3 + 0.9% (1) - Management Contracts 24.
Slide 5: Quarterly Financial Performance
QUARTERLY FINANCIAL PERFORMANCE FY2023 FY2024 FY2025 TOTAL revenue NET property income RM (million) RM (million) 1.4% 150 145.2 148.6 150 130.1 130.2 130.9 132.7 126.9 117.6 100 100 79.8 0.9% 75.7 66.3 66.9 65.8 68.3 68.9 59.9 50 50 0 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 5
Slide 6: First Quarter Financial Performance by Country
FIRST QUARTER FINANCIAL PERFORMANCE BY COUNTRY 1Q FY2024 1Q FY2025 TOTAL revenue NET property income RM (million) RM (million) 100 1.9% 100 87.5 85.8 10.4% 10.4% 50 50 40.3 38.2 36.5 34.6 10.1% 27.6 24.8 4.3% 3.3% 6.9 6.6 6.1 5.9 0 0 Malaysia Australia Japan Malaysia Australia Japan 6
Slide 7: DPU Performance
DPU PERFORMANCE Total DPU Semi-annual Breakdown DPU (sen) 10 8.4613 8.2661 7.9746 8.0838 7.8938 7.8683 7.8711 7.6359 7.3803 7.4433 6.7115 6.4855 6.4855 Total Distributions* FY2 0 2 4 FY2 0 2 5 Cumulative 140.9 - 5 4.1636 2H 4.0880 2H 69.7 3.9550 1H 71.2 * In RM million 1H 4.1781 0 FY2010 FY2011 FY20
Slide 8: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at 30 September 2024 As at 30 June 2024 RM ('000) Change (Unaudited) (Audited) Investment properties 3,054,405 3,052,259 + 0.1% Property, plant and equipment 1,916,035 2,118,453 (9.6%) Cash & cash equivalents 174,852 233,701 (25.2%) Other assets 104,223 42,065 + 14
Slide 9: Unit Price Performance
UNIT PRICE PERFORMANCE YTL Hospitality REIT’s YTL Hospitality REIT’s Unit Price Movement & Relative Performance to FBMKLCI Unit Price Movement & Relative Performance to REIT Index (1 January 2012 to 30 September 2024) (1 October 2017 to 30 September 2024) RM % RM % 1.40 60 1.40 30 Unit Price Relativ
Slide 10: Capital management
2 Capital management Tanjong Jara Resort, Terengganu, Malaysia
Slide 11: Debt Maturity Profile
DEBT^ MATURITY PROFILE Borrowings in AUD * Borrowings in RM Borrowings in JPY # RM (million) 1,200 1,125 1,000 385 800 600 423 400 740 255 200 350 263 168 105 0 - - - FY2025 FY2026 FY2027 FY2028 FY2029 Notes: ^ Excluding the effects of capitalised transaction costs. * RM equivalent based on the exch
Slide 12: Debt Profile as at 30 September 2024
DEBT^ PROFILE AS AT 30 SEPTEMBER 2024 CURRENCY INTEREST RATE Fixed α JPY 3.8% 7.4% AUD 44.3% RM Floating 48.3% β 96.2% 30 September 2024 30 June 2024 Change Borrowings^ (RM'000) 2,265,933 2,322,089 (2.4%) Total Asset Value (RM'000) 5,249,515 5,446,478 (3.6%) Gearing (%) 43.2% 42.6% + 0.6 pp Average
Slide 13: Debt Headroom of ~RM485 million for Acquisitions
DEBT HEADROOM OF ~RM485 million FOR ACQUISITIONS As at 30 September 2024 After taking into account committed payment obligations including but not RM (million) RM (million) limited to the renovation work of Ipoh Hotel and the property 8,000 8,000 development of Moxy Niseko 5,961 5,961 6,000 6,000 71
Slide 14: Asset management
3 Asset management Cameron Highlands Resort, Malaysia
Slide 15: Luxury Hotels & Serviced Residences in 3 Countries
LUXURY HOTELS & SERVICED RESIDENCES IN 3 COUNTRIES ASSET breakdown(by Country)(1) Malaysia (Northern) ◼ AC Hotel Penang Bukit Jambul Japan Japan ◼ Pangkor Laut Resort ◼ Hilton Niseko Village 9.7% Australia ◼ Cameron Highlands Resort 38.9% ◼ The Green Leaf Niseko ◼ Ipoh Hotel Village Malaysia Malaysi
Slide 16: Portfolio Occupancy
PORTFOLIO OCCUPANCY Q1 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Malaysia Under Master Leases Japan Under Master Leases Australia 83.1% (1) 84.2% 84.4% 86.4% 86.9% 87.8% 84.9% 73.1% (2) 53.3% (2) 43.8% (2) 73.5% (2,3) 82.5% 81.6% Notes: (1) For 1 July
Slide 17: Master Leases Expiry Profile
MASTER LEASES EXPIRY PROFILE NET property income NET property income (% of total *) Master leases (% of total *) 40 Master Leases 30 64% 30 20 15 Management Contracts 10 36% 10 6 3 0 2024 2025 2026 2027 2028 2029 2030 2031 2032 2038 2048 Note: * For 1Q FY2025. 17
Slide 18: Australia Hotel Performance by Quarter (1 of 2)
AUSTRALIA HOTEL PERFORMANCE BY QUARTER (1 OF 2) FY2023 FY2024 FY2025 REVENUE per available room (RevPAR) AUD 400 300 289 275 237 242 239 239 225 203 200 100 0 2Q 3Q 4Q 1Q 18
Slide 19: Australia Hotel Performance by Quarter (2 of 2)
AUSTRALIA HOTEL PERFORMANCE BY QUARTER (2 OF 2) FY2023 FY2024 FY2025 Average occupancy Average daily rate (ADR) % AUD 100 400 0.1pp 84.4 84.2 343 81.7 81.6 326 0.3% 78.7 79.6 311 76.1 307 73.2 292 293 277 283 50 200 0 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 19
Slide 20: Appendices
4 Appendices Hilton Niseko Village Hokkaido, Japan
Slide 21: JW Marriott Hotel Kuala Lumpur
JW MARRIOTT HOTEL KUALA LUMPUR No. 183, Jalan Bukit Bintang, 55100 Kuala Address Lumpur A 5-star hotel with 578 rooms located on part of an 8-level podium block and entire 24-level tower block of Starhill Gallery Description together with car park bays located partially at basement 1 and 4 and the e
Slide 22: The Majestic Hotel Kuala Lumpur
THE MAJESTIC HOTEL KUALA LUMPUR No. 5, Jalan Sultan Hishamuddin, 50000 Address Kuala Lumpur A 5-star hotel comprising Majestic Wing (original historic hotel building) with 47 luxurious suites, Tower Wing with 253 guestrooms and suites, Majestic Ballroom with seating capacity of 1,200 for banquet or
Slide 23: The Ritz-Carlton, Kuala Lumpur – Hotel Wing
THE RITZ-CARLTON, KUALA LUMPUR – HOTEL WING Address No. 168, Jalan Imbi, 55100 Kuala Lumpur 22-storey 5-star hotel building comprising Description 251 rooms with 4-storey basement car park Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 2 years Annual rental (2) RM22.
Slide 24: The Ritz-Carlton, Kuala Lumpur – Suite Wing
THE RITZ-CARLTON, KUALA LUMPUR – SUITE WING Address No. 168, Jalan Imbi, 55100 Kuala Lumpur Parcel 1: 60 units of hotel suites, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car park Description Parcel 2: 50 units of hotel suites, 4 units of penthouses and 1 leve
Slide 25: AC Hotel Kuala Lumpur Titiwangsa
AC HOTEL KUALA LUMPUR TITIWANGSA No. 9, Jalan Lumut, Off Jalan Ipoh, 50400 Address Kuala Lumpur 17-storey hotel building with 364 rooms and Description 2-storey basement car park Tenure Freehold Master lease expiry 14 November 2026 Master lease remaining (1) 2 years Annual rental (2) RM10.13 million
Slide 26: Hotel Stripes Kuala Lumpur
HOTEL STRIPES KUALA LUMPUR No. 25, Jalan Kamunting, 50300 Kuala Address Lumpur 20-storey hotel building with 184 rooms and Description 148 car park bays Tenure Freehold Master lease expiry 30 October 2038 Master lease remaining (1) 14 years Annual rental (2) RM9.66 million No. of rooms 184 Acquisiti
Slide 27: AC Hotel Penang Bukit Jambul
AC HOTEL PENANG BUKIT JAMBUL No. 213, Jalan Bukit Gambir, Bukit Jambul, Address 11950 Pulau Pinang 17-storey Hotel Wing with 238 hotel rooms Description and 26-storey Suite Wing with 189 hotel suites with an annexed 3-storey podium 99-year leasehold expiring on 27 October Tenure 2094 Master lease ex
Slide 28: Pangkor Laut Resort
PANGKOR LAUT RESORT Pangkor Laut Island, 32200 Lumut, Perak Address Darul Ridzuan 36 units of Garden Villas, 52 units of Hill Description Villas, 8 units of Beach Villas and 1 unit of Pavarotti Suite 99-year registered lease expiring on 21 May Tenure 2095 Master lease expiry 14 November 2026 Master
Slide 29: Tanjong Jara Resort
TANJONG JARA RESORT Batu 8, Off Jalan Dungun, 23000 Dungun, Address Terengganu Darul Iman Description Small luxury boutique resort with 101 rooms 60-year leasehold expiring on 4 December Tenure 2067 Master lease expiry 14 November 2026 Master lease remaining (1) 2 years Annual rental (2) RM7.72 mill
Slide 30: AC Hotel Kuantan City Centre
AC HOTEL KUANTAN CITY CENTRE Address Jalan Teluk Sisek, 25000 Kuantan, Pahang Description 8-storey hotel building with 215 rooms Tenure 99-year leasehold expiring on 11 July 2092 Master lease expiry 14 November 2026 Master lease remaining (1) 2 years Annual rental (2) RM7.35 million No. of rooms 215
Slide 31: Cameron Highlands Resort
CAMERON HIGHLANDS RESORT By the Golf Course, 39000 Tanah Rata, Address Cameron Highlands, Pahang Darul Makmur 3-storey luxury resort with a 2-storey spa Description village block with 56 rooms and suites and a single storey building 99-year leasehold expiring on 9 December Tenure 2108 Master lease e
Slide 32: Ipoh Hotel (Formerly Known As Syeun Hotel)
IPOH HOTEL (Formerly Known As Syeun Hotel) No. 88, Jalan Sultan Abdul Jalil, 30450 Ipoh, Address Perak Darul Ridzuan Description 13-storey hotel building with 291 rooms 999-year leasehold expiring on 21 Tenure September 2894 No. of rooms 291 Acquisition date 8 April 2024 Valuation (1) RM58.0 million
Slide 33: Hilton Niseko Village
HILTON NISEKO VILLAGE Address Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido 16-storey hotel building with 1-storey of Description basement comprising 506 rooms Tenure Freehold Master lease expiry 21 December 2026 Master lease remaining (1) 2 years Annual rental (2) RM17.13 million No. of rooms 506 Acqui
Slide 34: The Green Leaf Niseko Village
THE GREEN LEAF NISEKO VILLAGE Aza-Higashiyama, Niseko-cho, Abuta-gun, Address Hokkaido 5-storey hotel building with 1-storey of Description basement comprising 200 rooms Tenure Freehold Master lease expiry 25 September 2048 Master lease remaining (1) 24 years Annual rental (2,4) JPY331 million (RM9.
Slide 35: Sydney Harbour Marriott
SYDNEY HARBOUR MARRIOTT Address 30 Pitt Street, Sydney, New South Wales 33-storey hotel building with central atrium Description comprising 595 rooms including 3 levels of basement with car parking bays Tenure Freehold No. of rooms 595 Acquisition date 29 November 2012 Valuation (1, 2) AUD506.0 mill
Slide 36: Brisbane Marriott
BRISBANE MARRIOTT Address 515 Queen Street, Brisbane, Queensland 28-storey hotel building comprising 267 Description rooms with 3 levels of basement with car parking bays Tenure Freehold No. of rooms 267 Acquisition date 29 November 2012 Valuation (1, 2) AUD93.0 million (RM264.71 million) Notes: 1.
Slide 37: Melbourne Marriott
MELBOURNE MARRIOTT Corner Exhibition and Lonsdale Streets, Address Melbourne, Victoria 16-storey hotel building comprising 189 Description rooms with 5 split levels of car park Tenure Freehold No. of rooms 189 Acquisition date 29 November 2012 Valuation (1, 2) AUD80.0 million (RM227.70 million) Note
Slide 38: Disclaimer
DISCLAIMER This presentation shall be read in conjunction with YTL Hospitality REIT’s interim financial report for the quarter ended 30 September 2024, a copy of which is available on www.bursamalaysia.com and www.ytlhospitalityreit.com. This presentation is for information purposes only and does no
Slide 39: Pintar Projek Sdn Bhd
PINTAR PROJEK SDN BHD 199401028328 (314009-W) Manager of YTL Hospitality REIT 33rd Floor Menara YTL 205 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2038 0888 Fax: 603 2038 0388 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com
YTL Hospitality REIT — 1Q FY2025 Earnings Presentation on 6ix