2007 Annual Results April 2008 Disclaimer The information provided - - PowerPoint PPT Presentation

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2007 Annual Results April 2008 Disclaimer The information provided - - PowerPoint PPT Presentation

Jun 22, 2023 166 likes •433 views

(Stock Code 1168.hk) 2007 Annual Results April 2008 Disclaimer The information provided to you in this presentation does not constitute, or form part of any offer for subscription of, or solicitation of any offer to subscribe for or to

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(Stock Code：1168.hk)

April 2008

2007 Annual Results

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Disclaimer The information provided to you in this presentation does not constitute, or form part of any offer for subscription of, or solicitation of any offer to subscribe for or to sell any securities of Sinolink Worldwide Holdings Limited (“Sinolink” or the “Group”) nor shall it form the basis of, nor can it be relied

  • n, in connection with any contract or commitment whatsoever.

Confidentiality The information provided to you in this presentation is given on a confidential basis and must not be passed to, or their contents disclosed to, any person (s) and no copy shall be taken thereof.

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Contents Contents

19 Land Bank Acquisition Plans ………………………………………… IV. 11 Business Review …………………………………….……………..… IIl. 6 Financial Highlights ………………………………………………….. II. 23 Appendix MWC Price/Volume Performance………..……..……… V. 4 Sinolink Overview ……………………………………………………. I.

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Sinolink Overview Sinolink Overview

An experienced China-based premier property developer Proven track record in developing large scale premier property projects

in China

Strategically focused on maximizing profit through value-added

approach

Listed on Hong Kong’s main board since 1998

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Sinolink Worldwide Holdings Limited (stock code:1168.hk) Sinolink Worldwide Holdings Limited (stock code:1168.hk) Property Development, Investment & Management

80.00%

ROCKBUND ROCKBUND Sinolink Garden Phase V Sinolink Garden Phase V Mangrove West Coast Mangrove West Coast

Sinolink Properties Ltd. Sinolink Properties Ltd.

65.00% 100.00% 35.00% Shenzhen Sinolink Property Management Co., Ltd. Shenzhen Sinolink Property Management Co., Ltd. 100.00%

Corporate Structure Corporate Structure (As at Dec 31, 2007)

(As at Dec 31, 2007)

49.00%

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Financial Highlights

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2007 Annual Results 2007 Annual Results -

  • Highlights

Highlights

962.4 34.5% 802.3 52.2% 1,215.2 2,326.7 2006 +21.3%

  • +60.7%
  • +59.4%

+25.6% Change +(-)% 1,167.1 Net Profit Attributable to Equity Holders

  • f the Company

1,289.1 Net Profit from Continuing Operations before share of results of associates, property revaluation and gain on disposal 2007 (HK$ Million) 44.1% Net Margin from Continuing Operations before share of results of associates, property revaluation and gain on disposal 66.3% Gross Margin 1,936.8 Gross Profit 2,921.6 Turnover from continuing operations

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2007 Annual Results 2007 Annual Results -

  • Highlights

Highlights

40 33.5 Note # 3.0 3.5 20.23 30.21 2006 35.75 29.25*

  • 3.0

3.5 35.95 35.95 2007

  • Total Dividend per share
  • Final Dividend per share (recommended)
  • Special Interim Dividend

Bonus Share Issue # +77.7% From Continuing Operations Interim Dividend per share

  • Interim Dividend

Change +(-)% (HK cents) +19.0% Earnings per share-basic

* On 16 October 2007, the Board declared a special interim dividend to be satisfied by way of a

distribution in specie of Enerchina shares held by the Company in the proportion of 13 Enerchina shares for every 20 shares held by the shareholders of the Company. The value of the special dividend is equivalent to 65% of $0.45 per Enerchina share at that time.

# A Bonus issue of one share for every eight existing shares held

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Capital Structure & Capital Structure & Liquidity Liquidity

12.8% 15.5 % Total Debt to Equity Net Cash 4,542 4,064 459 171 6,749 4,306 1,859 31 Dec 2007 Net Cash 4,147 3,829 338 154 5,585 2,481 516 31 Dec 2006 Net Assets Long Term Borrowings Net Debt to Equity Shareholders equity Short Term Borrowings Total Assets Current Assets Cash and Equivalent (HK $ Million)

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Turnover Breakdown & Profitability Ratio Turnover Breakdown & Profitability Ratio

17.1 2,820.8 71,836 2007 15.3 2,239.6 97,559 2006 +11.8 % Property Investment +26.0 % Property Sales GFA Sold (m2) Change + (-) % TURNOVER BREAKDOWN (HK $ million) 34.5 % 52.2 % 2006 44.1 % Net Margin 66.3 % Gross Margin 2007 PROFITABILITY RATIO 17.2 % 17.3 % Return on assets 25.1 % 2006 28.7 % Return on equity 2007

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Business Review

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Mangrove West Coast Mangrove West Coast

  • Sold approximately 930 units by the end of 2007
  • Sold approximately 177,000 sq.m. by the end of 2007,

approximately 73,000 sq.m. remains to be sold

  • Price continues to see support, monthly average selling price

grew from RMB 33,000/m2 (end of 2006) to RMB48,000/m2 (end

  • f 2007) (see chart on next page)
  • The opening of Western Corridor in July 2007 shortens travel

time and further increases interest in purchases

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Mangrove West Coast Mangrove West Coast

monthly ASP

Mangrove West Coast (MWC) Price Since its Launch in May 2005

18000 20000 22000 24000 26000 28000 30000 32000 34000 36000 38000 40000 42000 44000 46000 48000 50000 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07

RMB

MWC average selling price has grown 140% since its launch

Latest price RMB 48,000/sq.m End of 2006 RMB 33,000/sq.m Launch Price in 2005 RMB 20,000/sq.m

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Mangrove West Coast Mangrove West Coast -

  • Economics/ TimeLine

Economics/ TimeLine

RMB 3,300 / sq.m RMB 48,000/ sq.m Land Cost : Current Average Selling Price :

PRICE / COST UNIT INOFORMATION OTHER INFORMATION AREA

1,755 Being sold Mid-2005 to 2008 June 2006 Parking Space : Current Status : Selling Period : Occupancy Permit Granted : 1,302 2-6 bedrooms, ranging from 117 sq. m. – 512 sq. m. Number of Residential Units : Unit Size : 75,102 sq. m 255,857 sq. m

Residential : 249,591 sq. m. Others : 6,266 sq.m.

Land Area : Total GFA :

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Sinolink Garden Sinolink Garden Phase V Phase V -

  • The Oasis Plaza

The Oasis Plaza

  • Construction of retail podium completed
  • Construction of residential towers completed
  • Some 25% of retail GFA have been taken up by anchor tenants
  • Office/ hotel tower to be completed in 2009
  • Residential units ready for pre-sale in mid 2008
  • Proposed exit location for Shenzhen Metro Station line 3 to

increase convenience and appeal

  • Secondary market price of neighbouring Sinolink Garden Phase

IV already at RMB 18,000 / m2 to 22, 000/ m2 15

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Sinolink Garden Sinolink Garden Phase V Phase V -

  • Economic/ TimeLine

Economic/ TimeLine

RMB 1,300 / sq. m. Land Cost :

PRICE / COST UNIT INOFORMATION OTHER INFORMATION AREA

40,786 sq. m. 226,231 sq. m.

Residential: 133,752 sq. m. Retail: 40,116 sq. m. Office: 20,000 sq. m. Hotel: 30,000 sq. m. Others:2,363 sq. m.

Land Area : Total GFA : Approximately 1,000 86 sq. m. – 196 sq. m.

  • No. of Residential

Units :

Unit Sizes:

Construction of retail podium and residential towers completed

Pre-sale in mid 2008 Agreements signed with Multiplex Cinema Ltd, China Construction Bank and Pizza Hut as anchor tenants for retail property Current Status : Selling Period : Anchor Tenant :

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ROCKBUND ROCKBUND

  • Restoration works on historic buildings already

commenced, construction of new buildings to follow

  • Completion by the 2010 Shanghai World Expo on

schedule

  • Construction of some 52,000m2 of new buildings with

maximum height of 60m requires no more than 18 months

  • Discussions with top tier brands already in progress

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ROCKBUND ROCKBUND – – Economic/ TimeLine Economic/ TimeLine

PRICE / COST UNIT INOFORMATION OTHER INFORMATION AREA

18,000 sq. m. 94,080 sq. m.

Residential: 12,305 sq. m. Retail: 33,137 sq. m. Office: 33,336 sq. m. Hotel: 15,302 sq. m.

Land Area : Total GFA : USD 1,800 / sq.m. Land Cost : 28 Number of Residential Units : 200

Restoration works on historic buildings already commenced, construction of new buildings to follow

Pre-sale in 2009 Parking Space : Current Status : Selling Period :

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Land Bank Acquisition Plans

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Mangrove West Coast Sinolink Garden

Land Bank Acquisition Plans Land Bank Acquisition Plans Location – continue to focus on 1st tier cities

Greater Beijing Greater Beijing

Beijing city centre and its 35 km vicinity

Greater Shanghai Greater Shanghai

Shanghai city centre and its 45 km vicinity

Shenzhen city and its vicinity Shenzhen city and its vicinity

Shenzhen and cities within 2 hours driving distance (e.g.Dongguan and Zhongshan)

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Land Bank Acquisition Plans Land Bank Acquisition Plans

Product and development strategy Product and development strategy

Two Types of Developments

INNOVATION TYPE

Cutting edge leader in design, technology and concept – e.g. ROCKBUND, Shanghai

PROVEN MODEL TYPE

Developed and repeatedly deployed concept – e.g. Sinolink Garden and Mangrove West

Coast

Development Strategy

Focus on high end residential development Increase exposure to retail and office property In strategic locations in city centre – “Innovation” type developments In city centre and its vicinity – “Proven model” type developments Achieve highest absolute profit/m2 through value added propositions

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Appendix

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Appendix Appendix – – MWC Price/Volume Performance MWC Price/Volume Performance

MWC Sales Figures

5000 10000 15000 20000 25000 30000

Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07

sq.m.

10000 20000 30000 40000 50000 60000

RMB/ sq.m. GFA Sold Average Selling Price

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Appendix Appendix – – MWC Price/Volume Performance MWC Price/Volume Performance

Source: Shenzhen Municipal Bureau of Land Resources and Housing Management and Sinolink 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000

RMB/sq.m 05q3 05q4 06q1 06q2 06q3 06q4 07q1 07q2 07q3 07q4 Year/Quarter

MWC vs Shenzhen Proeprty Market (by price)

Market MWC

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Appendix Appendix – – MWC Price/Volume Performance MWC Price/Volume Performance

Source: DTZ Research and Sinolink

MWC vs Nan Shan's New Luxury Residential Projects Price

5000 10000 15000 20000 25000 30000 35000 40000 45000 50000 06q1 06q2 06q3 06q4 07q1 07q2 07q3 07q4 Year/Quarter RMB /sq.m Nan Shan Luxury Price MWC Price

MWC price is 70% higher than Nan Shan's new luxury residential projects price

47,000 (quarter average)

(quarter avg.)

27,700

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Thank you!