K. Wah International Holdings Limited · HKEX:173
K. Wah International — H1 2006 Earnings Presentation
25 slides from K. Wah International's earnings presentation, Sep 14, 2006
Slide 1: 2006 Interim Results Announcement
2006 Interim Results Announcement 14 September 2006
Slide 2: Financial Highlights
Financial Highlights FY2006 FY2005 HK$ million HK$ million Change For the 6 months ended 30 June Turnover 129 174 ↓ 25.9% Net Profit Attributable to Shareholders - Operating 108 42 ↑ 157.1% - Discontinued Operations - 590 - Basic EPS - Continuing Operations 4.52 2.03 ↑ 122.7% - Discontinued Operatio
Slide 3: Hong Kong Properties
Hong Kong Properties
Slide 4: Market Overview
Market Overview • Market sentiment in 1H of 2006 was generally stagnant due to uncertain interest rate outlook • July onwards, market sentiment has shown signs of improvement • US interest rate is expected to peak out • Transactions have been gradually picking up, the number of properties sold in Au
Slide 5: The Great Hill
The Great Hill • Received overwhelming market response when launched in Mar 2006
Slide 6: The Great Hill
The Great Hill • All 65 units of Phase I were sold out in 3 weeks
Slide 7: The Great Hill
The Great Hill • Phase II scheduled for launch in Q4 2006
Slide 8: J Residence
J Residence • Almost all units were snapped up within 2 weeks
Slide 9: J Residence
J Residence • Luxurious boutique-hotel-style apartments targeting professionals and young families
Slide 10: J Residence
J Residence • Every unit has 12-feet-high ceiling and a spacious 38-sq-ft balcony
Slide 11: J Residence
J Residence • Contemporary high-class residential complex, offering chic lifestyle and exclusive entertainment facilities • Mesmerizing view of Victoria Harbour from a 30,000 sq. ft. sky clubhouse with rooftop heated pool, sky garden, gymnasium, cigar bar etc
Slide 12: Mainland China Properties
Mainland China Properties
Slide 13: Market Overview
Market Overview • Robust economic growth in Mainland China – GDP increased by 10.9% in Q2 2006 • The government has launched measures to cool property speculation, with the aim of fostering a more regulated and healthy property market • Market sentiment is gradually recovering in August • Underlying
Slide 14: Shanghai Westwood
Shanghai Westwood • Phase 1A : Pre-sold 594 units (94.1% of total available inventory) • Phase 1B : 127 units of 128 were either sold or reserved
Slide 15: Shanghai Westwood
Shanghai Westwood • Plan is underway to launch Phase 2 in 2008
Slide 16: Shanghai Westwood
Shanghai Westwood 1 ue F R A 4 ‘ a r ’ J ee ; A Mikes ' <a ¢ ge % WA Wi vx pest } ‘ N Mt M4 - 7 uel, q Year
Slide 17: Shanghai K. Wah Centre
Shanghai K. Wah Centre • 100% occupancy • Generate HK$200 million rental income per year
Slide 18: Shanghai K. Wah Centre
Shanghai K. Wah Centre a K. WAH INTERNATIONAL HOLDINGS LIMITED “it See MU) ses coon Ae A OD
Slide 19: Prospects
Prospects
Slide 20: Jianguoxi Road Project, Xuhui District
Jianguoxi Road Project, Xuhui District • Up-market residential project • 150,000 m2 GFA • Construction is expected to commence within the next 6 months
Slide 21: Yanjiazhai Project, Jingan District
Yanjiazhai Project, Jingan District • Up-market residential project • 100,000 m2 GFA • Construction is expected to commence within the next 6 months
Slide 22: Shanghai Baoland Project
Shanghai Baoland Project • JV Partners include: Shanghai Baosteel 41.5% KWIH 41.5% Mitsubishi 15.0% Tokyu Land 2.0% • JV company commenced operation • Yangpo District (楊浦區) Project - 200,000 m2 for residential use - 100,000 m2 for commercial use
Slide 23: Sound Financial Position
Sound Financial Position • HK$1.8 billion Transferable & Unsecured Revolving Credit / Term Loan Facility signed with 14 local and international banks on September 6, 2006 • The loan will be used to strengthen the land bank and as general working capital
Slide 24: Conclusion
Conclusion Fruitful Year in 2007 Expanding property business In both markets Strong cash flow to Vote of confidence strengthen the land from bankers bank Proven track record in Acclaimed by buyers HK & China property and tenants development
Slide 25: 2006 Interim Results Announcement
2006 Interim Results Announcement 14 September 2006
K. Wah International Holdings — H1 2006 Earnings Presentation on 6ix