Slide 1: 2015 Annual Results Presentation
(incorporated in Bermuda with limited liability) Stock Code: 1098 2015 Annual Results Presentation
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by Road King Infrastructure Limited (the “Compan
Slide 3: A Developer and Operator with Sustainable and Healthy Growth
A Developer and Operator with Sustainable and Healthy Growth Updates Q&A RK Shanghai Villa in Shanghai RK Hong Kong Times in Suzhou Tangjin Expressway in Hebei 2
Slide 4: Performance overview
Performance overview Contracted sales achieved RMB10,408m in 2015, increased by Progressive growth in 11% over 2014 property development business ASP increased by 11% to RMB11,000/sqm as compared to 2014 Cash received from JV was HK$530 mm in 2015 Stable cash flows with growing performance S
Slide 5: Contracted sales
Contracted sales Contracted sales Area ('000 sqm) RMB ('mm) Contracted sales and ASP increased 9,404 10,408 by 11% respectively to RMB10,408m 11% 946 979 and RMB11,000/sqm over 2014 68% was contributed by Yangtze River Delta, mainly by Shanghai & Suzhou 2014 2015 ASP (RMB/sqm) Contracted sales bre
Slide 6: Revenue recognized
Revenue recognized Revenue (HK$ mm) Revenue breakdown by region 12,730 12,510 11,456 2013 2014 2015 Operating profit* (HK$ mm) Recorded HK$12,510m in 2015 with 1,174 1,158 an ASP of RMB10,300/sqm 723 Operating profit (excluding exchange impact) reached HK$1,158m Yangtze River Delta remained as th
Slide 7: Land reserve
Land reserve Dec Dec 2014 2015 Total land reserve: 5.3m sqm Total land reserve: 5.4m sqm In 2015, successfully obtained three projects in Luoyang, Langfang and Guangzhou with an aggregate saleable area of about 1,002,000 sqm Two of these new projects are jointly developed with well established P
Slide 8: Land reserve
Land reserve Bohai Rim Region City GFA % Demonstrate ability to Pan-Beijing* 802,000 15% replenish land bank in Tier 1 Tianjin 295,000 6% and 2 cities Jinan 342,000 6% Target to replenish landbank Total 1,439,000 27% in Shanghai, Suzhou and * Including Longfang city Guangzhou Yangtze River Delta O
Slide 9: Toll Road Business
Toll Road Business Cash received from toll road (HK$ mm) Share of toll road profit (HK$ mm) 515 530 250 512 59% 180 157 2013 2014 2015 2013 2014 2015 Average daily traffic volume of existing toll roads (mm vehicles) Recurring cash flow stream of over HK$500m each year – cash received from JV was HK
Slide 10: Financial Metrics
Financial Metrics Gross gearing ratio Total debt/ EBITDA 102% 100% 96% 3.5x 3.6x 3.4x 2013 2014 2015 2013 2014 2015 Type of borrowings Reduced leverage level - Gross gearing ratio reduced 6% to 96% in 2015 Total debt/EBITDA remained stable Diverse funding channel - preparation of issuance of corp
Slide 11: Outlook
Outlook Maintain progressive growth of 20% Developing and expanding different financing channels (i.e. issuance of domestic bonds) Enhance cooperation with business partners to look for better development - Ping An Real Estate (平安不動產) - Hebei Construction & Investment Group (河北建設投資集團) Focus on land
Slide 12: Questions & Answers
A Developer and Operator with Sustainable and Healthy Growth Questions & Answers RK Shanghai Style in Shanghai RK J•o•Y Heights in Guangzhou Machao Expressway in Anhui Top Foreign-owned Property Developer in China 11
Slide 13: Appendix: Financial Highlights
Appendix: Financial Highlights (HK$ mm) FY2015 FY2014 Revenue 12,510 12,730 Gross profit 2,883 3,334 Gross profit margin 23% 26% Profit attributable to owners of the Company 820 1,005 EBITDA1 3,732 4,160 Basic earnings per share (HK$) 1.11 1.37 Dividend per share (HK$) 0.48 0.58 Note: 1 EBITDA is ca
Slide 14: Appendix: Financial Highlights
Appendix: Financial Highlights (HK$ mm) FY2015 FY2014 Total cash1 3,314 4,047 Total debt2 13,450 14,389 Gross gearing ratio3 96% 102% Net gearing ratio4 73% 74% Total debt / Total capitalization5 49% 51% Net debt/ Net capitalization6 42% 42% Total debt / EBITDA 3.6x 3.5x Note: 1 Total cash includes