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PROFIT & LOSS STATEMENTAS AT 30 APRIL 2017
RM’000QUARTER ENDED
30 APRIL 2017
QUARTER ENDED
30 APRIL 2016% CHANGE Q2 FY2017
Revenue 37 135 (73%) 364
Direct Expenses (1,212) (871) 39% (2,677)
Gross Loss (1,175) (736) 60% (2,313)
Other Operating Income 7,794 19 40,921% 8,192
Selling & Marketing Expenses (316) (278) 14% (661)
Administrative Expenses (15,162) (6,648) 128% (26,157)
Unrealised gain/(loss) on foreign
exchange12,570 (23,905) (153%) 48,243
Finance Costs (15,334) (10,293) 49% (31,920)
Share of Results in a Joint Venture (12,215) (17,932) (32%) (24,702)
Loss before Taxation (23,838) (59,773) (60%) (29,318)
Taxation (277) (151) 83% (306)
Net Loss (24,115) (59,924) (60%) (29,624)
Basic Loss per Share (Sen) (2.43) (24.67) (4.92)
SALES ACHIEVEDAS AT 31 MAY 2017
• Cumulative Sales as at 31 May 2017: RM6.736 billion (based on contracts exchanged)
• Sales as at 1H 2017: RM1.051 billion (based on contracts exchanged)
Sales Target for FY 2017 – RM2.5 billion
PROJECTS
EWI
STAKE
TOTAL
GDV(1) SALES VALUE (MILLION)
CUMULATIVE SALES VALUE
(MILLION)(%) (MILLION)
CUMULATIVE
FY2015-2016FY2017
London City Island 75% £691 £379 £73 £452
Embassy Gardens 75% £933 £192 £69 £261
Wardian London 75% £566 £306 £65 £371
Sub-total UK £2,190 £877 £207 £1,084
West Village 100% AUD315 AUD253 - AUD253
PURCHASER PROFILEGEOGRAPHICAL PROFILE OF BUYERS
LONDON PROJECTS AUSTRALIA PROJECT
Well-balanced mix of buyers a key advantage for EWI to deploy going forward
POST-LISTING ACQUISITIONFIVE PROJECTS CURRENTLY IN HAND
Wardian London
Canary Wharf,
London
(Zone 2)
Estimated GDV:
RM3,125.4 mil
(GBP566.1 mil)
London City Island
East London
(Zone 2/3)
Estimated GDV:
RM3,816.3 mil
(GBP691.3 mil)
West Village
Parramatta,
West Sydney
Estimated GDV:
RM1,052.0 mil
(AUD314.8 mil)
Embassy Gardens
Nine Elms, London
(Zone 1)
Estimated GDV:
RM5,148.2 mil
(GBP932.5 mil)
United Kingdom Australia
Post-Listing 10/4/17
Yarra One
South Yarra,
Melbourne
Estimated GDV:
RM773.4 mil
(AUD243.5 mil)
Australia
MOST RECENT AWARDS WONOUR PROJECTS CONTINUE ON PATH TO EXCELLENCE
London Evening Standard Grand Prix Award & Best
Regeneration Project -
London City Island
18 May 2017
RESI AwardsDevelopment of the Year -
London City Island
10 May 2017
Wharf Property Awards Residential Development -
London City Island
25 May 2017
London Planning AwardsBest New Place to Live -
London City Island
27 Feb 2017
IMF expects the UK to grow by 1.5% in 2017, compared with its previous
forecast of 1.1%, on the back of a stronger than expected economic
performance since Brexit
The Office for Budget Responsibility (OBR) upgraded its forecast for growth
this year from 1.4% to 2.0%
The UK manufacturing sector’s PMI index was 56.7 in May 2017 signaling
an improvement in operating conditions for the 10th successive month
UK FDI inflows soared to $253.7bn (£197bn) in 2016, up from £33bn the
previous year (Source: OECD FDI in Figures April 2017)
London’s emergence as a world leader in digital tech has been phenomenal
and it is a major centre for investment (Source: Tech Nation 2017)
LONDON’S ECONOMIC RESILIENCEHIGHEST LEVEL OF FDI INFLOWS SINCE 2005
LONDON’S GLOBAL STANDING INTACTCITY STILL ATTRACTIVE DESPITE BREXIT JITTERS
Property Price Paid Purchaser
“Cheesegrater” Building £1.15
billion
CC Land (Hong Kong)
- 2nd largest ever sale of a UK building
Facebook’s new London
HQ (Tottenham Court
Rd)
£435
million
Deka Immobilien (German Real Estate
Fund)
7-8 St. James’s Square £246
million
Stanley Ho (Macau)
30 Crown Place £210
million
Beijing Capital Development Holdings
(China)
3 Harbour Exchange,
South Quay
£37 million Lee Kum Kee (Hong Kong)
Buyers from China & Hong Kong continue to snap up trophy assets while
European investors led by Germany accounted for 23% of the overall
investment transactions in Q1 2017
Demand for housing continues to outstrip supply
driven by:
o Low interest rate environment with good
mortgage availability - the BoE Monetary Policy
Committee recently voted (by a majority of 7-1)
to maintain the bank rate at 0.25%
o London’s growing population - it reached 8.6
million in 2015 and is projected to exceed 10
million by 2035
o London’s status as a global city - a city
steeped in rich history, arts and culture
This is expected to fuel the mid to mid-high end
housing market and support prices
Historical and Future Delivery
Source: Savills & Greater London Authority(1) GLA minimum target (including backlog), 3 May 2017
LONDON PROPERTY MARKETHIGH DEMAND FOR RESIDENTIAL PROPERTY
22k
27k
41k
46k 45k40k
36k 35k
2014 2015 2016 2017 2018 2019 2020 2021
Forecast
No. of UnitsDemand 64k per annum(1)
26th year of consecutive annual economic growth demonstrating Australia’s
economic resilience, adaptability and record of steady growth
Ranked 15th out of 190 economies for ease of doing business - high ranking
for legal rights, justice, the soundness of its banks and corporate debt
‘First choice’ education destination across Asia for business and technology-
related education in the region
Changes in the stamp duty regime from 1 July a challenge, however this is
partially offset by incentives for Australian residents and first-home buyers
THE AUSTRALIAN ECONOMYWORLD’S 13TH LARGEST ECONOMY
Source: Why Australia Benchmark Report 2017 –
Australian Trade and Investment Commission
Sydney One of the fastest growing cities in Australia - Population topped
5 million mark after adding 1 million people in just 16 years
Melbourne Ranked the world’s most liveable city for 6 years in a row, scoring
top marks in healthcare, infrastructure and education
LONDON CITY ISLANDSITE PROGRESS
Block A & M:
• Hurks precast superstructure
progressed to the 18th floor
Block B & C:
• Substructure works completed
• Hurks precast superstructure
currently at Level 3/ Block B and
Level 5/ Block C
Block D, E & F:
• Demolition & piling works
completed
• Substructure works in progress
• Block E carpark shear walls now
at Level 4
Target Handover
Blocks A & M: 1H 2018
Blocks B & C: 1H 2019
Blocks D & E: 1H2019
Blocks A & M on track for completion and handover in 1H 2018
EMBASSY GARDENSSITE PROGRESS
Building A04:
• Superstructure works
completed
• Steel Frame System works now
to level 16, windows to level 8
and brickwork to level 6
Building A05:
• Substructure work is ongoing
with ground floor slab
completed
• Frame is completed to level 11
Building A03:
• Construction to podium
complete to Level 1
• Energy Centre works
progressing
Target Handover
Block A04: 1H2018
Block A05: 1H2019
Block A03: 2H 2021Construction progressing well with Block A04 on track for completion in 1H2018
WARDIAN, LONDONSITE PROGRESS
Target Handover
East Tower: 1H 2020
West Tower: 2H 2020
• Raft foundation for both East Tower and
West Tower is now complete
• Basement Box is substantially complete
• East Tower core progressed to Level 4,
floor slab at level 3
• West Tower core progressed to Level 1
Foundation has been laid and tower cores are in progress
WEST VILLAGE, SYDNEYUPDATES
• Tender of main building works completed.
Construction award in June and start date
expected end July 2017
• Target completion: 1H 2020
• Marketing activities planned to reintroduce
West Village to the market following the
upcoming stamp duty changes
EcoWorld International Sydney Office cum Gallery
YARRA ONELOCATION MAP
Located in South Yarra on the fringe of the Melbourne CBD, Yarra One enjoys great
connectivity and conveniences in the surrounding locale
YARRA ONECLAREMONT STREET, SOUTH YARRA, MELBOURNE
Location Freehold land area of 2,128 sq. metres located
outside the fringe of Melbourne CBD
Approximately 5.3-km southeast of Melbourne CBD
Description of
Development
Residential-led mixed use development
27-storey tower with 268 residential units
Retail and office podium
Key Features Excellent connectivity to public transportation
serviced by regular tram operations along Chapel
Street and Toorak Road; and bus routes via Punt
Road nearby
5-minutes’ walk (300m) from South Yarra Station
9-minutes’ train ride from Yarra Station to Flinders
Station (2 stops)
Located near Melbourne High School
Completion
Date
Estimated mid-2020
Estimated
GDV
AUD243.5 millionNote: Acquisition expected to be completed in August 2017
PREVIEW OF YARRA ONE27&28 MAY @ ECOWORLD INTERNATIONAL, KUALA LUMPUR
• Yarra One preview well-received by the
public
• 89 units (33%) sold (exchanged and
reserved) as of 6 June 2017
• International roadshows held to introduce
project
Beijing,
Shanghai &
Shenzhen
Sydney &
MelbourneJakarta Hong Kong
Singapore Brunei KL, Sibu &
Kota Kinabalu
CONCLUSIONOUTLOOK REMAINS POSITIVE
Sales momentum maintained: Sales of £207 million
achieved in the UK between 1 Nov 2016 – 31 May 2017
Unique selling points of existing projects and positive
developments in each locality will continue to drive &
underpin sales demand
Acquisition of Yarra One enables EWI to enter important
Melbourne market & extends the Group’s brand presence
in Australia
Profit recognition begins in FY 2018 as handover
commences in phases starting with LCI and Embassy
Gardens
Future acquisitions being considered to build up well-
diversified portfolio with projects at multiple price points &
stages of development