PDF《仁恒置地集团》

1 仁恒置地集团 YANLORD LAND GROUP LIMITED 3Q and 9M

2012 Results Presentation

2 2 Presentation Content III.

Outlook I. Key Financial Highlights II. Business and Operation Overview

3 3 ? Driven by the increased GFA delivery and higher ASP achieved owing to the change in product mix for the period, revenue and gross profit in 9M

2012 rose 32.6% and 18.3% to RMB5.709 billion and RMB2.019 billion respectively from 9M 2011. ? Underscored by the stable revenue growth, 9M

2012 net profit attributable to equity holders of the Company rose 291.4% to RMB1.234 billion while net attributable margin similarly grew to 21.6% from 7.3% in 9M 2011. ? GFA delivered in 9M

2012 was 265,880 sqm while ASP recognized in 9M

2012 grew to RMB20,485 per sqm from RMB15,838 per sqm in 9M 2011. ? In line with the Group'

s development strategy;

net debt to equity ratio declined to 43.3% as at

30 September

2012 from 51.9% as at

31 December

2011 while cash and cash equivalents as at

30 September

2012 was RMB3.377 billion. Yanlord 9M

2012 Business Review

4 4 ? Underscored by strong project delivery in 3Q 2012, revenue for the quarter leapt 253.9% to RMB2.510 billion from RMB709.3 million in 3Q 2011. In line with the revenue growth, 3Q

2012 gross profit rose 156.9% to RMB895.9 million. ? Net profit attributable to equity holders of the Company for 3Q

2012 rose 5,437.4% to RMB362.6 million from RMB6.5 million mainly due to the greater delivery of units and higher ASP achieved for the quarter. ? Despite uncertainty arising from austerity measures introduced by the PRC central government to cool the property sector, demand for Yanlord'

s quality products continues to be resilient. Pre-contracted sales rose to RMB8.554 billion as at

30 September

2012 from RMB5.378 billion as at

31 December 2011. ? Yanlord remains confident about its performance for FY 2012, driven by continued sales of its developments and larger proportion of pre-contracted sales recognition in subsequent periods. Yanlord 3Q

2012 Business Review

5 5

5 Key Financial Highlights -Yanlord Townhouse (Shanghai)

6 6 Income Statement C 3Q

2012 VS 3Q

2011 3Q

2012 3Q

2011 % Change GFA delivered (sqm) 121,232 39,030 210.6 ASP (RMB / sqm) 19,886 14,995 32.6 Revenue (RMB mil) 2,510.2 709.3 253.9 Cost of sales (RMB mil) (1,614.3) (360.6) 347.7 Gross profit (RMB mil) 895.9 348.8 156.9 Gross profit margin (%) 35.7 49.2 (13.5) ppt Profit before income tax (RMB mil) 880.7 132.9 562.6 Income tax (RMB mil) (374.2) (104.3) 258.8 Profit for the period (RMB mil) 506.5 28.6 1,670.4 Net profit margin (%) 20.2 4.0 16.1 ppt Profit attributable to equity holders of the Company (RMB mil) 362.6 6.5 5,437.4 Net attributable profit margin (%) 14.4 0.9 13.5 ppt Basic earnings per share* (RMB cents) 18.33 0.31 5,812.9 * Based on adjusted weighted average number of shares on a fully diluted basis

7 7 Income Statement C 9M

2012 VS 9M

2011 9M

2012 9M

2011 % Change GFA delivered (sqm) 265,880 252,337 5.4 ASP (RMB / sqm) 20,485 15,838 29.3 Revenue (RMB mil) 5,708.7 4,306.7 32.6 Cost of sales (RMB mil) (3,689.8) (2,600.3) 41.9 Gross profit (RMB mil) 2,019.0 1,706.5 18.3 Gross profit margin (%) 35.4 39.6 (4.3) ppt Profit before income tax (RMB mil) 2,420.5 1,206.8 100.6 Income tax (RMB mil) (939.9) (649.4) 44.7 Profit for the period (RMB mil) 1,480.5 557.4 165.6 Net profit margin (%) 25.9 12.9 13.0 ppt Profit attributable to equity holders of the Company (RMB mil) 1,233.8 315.2 291.4 Net attributable profit margin (%) 21.6 7.3 14.3 ppt Basic earnings per share* (RMB cents) 59.97 15.04 298.7 * Based on adjusted weighted average number of shares on a fully diluted basis