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Property Gross Profit by Cities (Stock Code: 0081.HK) Interim Results Presentation 2 August 2011 CONTENT 2011 INTERIM RESULTS BUSINESS OVERVIEW OUTLOOK & STRATEGY The Oakwood, Guangzhou 1 2011 INTERIM RESULTS International Community, Yinchuan 2 1H 2011 KEY FINANCIALS Unit 1H 2011 1H 2010 Change Turnover HK$ Million 2,054.2 1,025.6 100.3% Gross Profit HK$ Million 1,075.9 268.1 301.3% Net Profit HK$ Million 803.7 52.6 1,427.9% Gross Margin Percentage % 52.4 26.1 26.3% Net Profit Margin Percentage % 39.1 5.1 34.0% EPS HK cents 87.3 7.9 1,005.1% 3 1H 2011 KEY FINANCIALS Unit 30/6/2011 30/6/2010 Change Cash on Hand HK$ Million 3,451.8 502.1 587.5% Shareholder‟s HK$ Million 4,182.4 2,196.3 90.4% Equity Net Gearing Percentage % Net Cash 50.3 N/A Liabilities/Assets Percentage % 71.6 74.5 -2.9% ROE* Percentage % 24.0 3.4 20.6% ROA* Percentage % 6.3 0.6 5.7% * Half year figure 4 SEGMENT TURNOVER AND RESULTS BREAKDOWN Turnover Results (HK$ million) (HK$ million) Property Development 1,981.0 1,168.4 Property Investment 48.0 190.2 Others 25.2 1.0 Total 2,054.2 1,359.6 5 PROPERTY TURNOVER AND GROSS PROFIT BY CITIES Property Property Property Turnover by Cities Gross City Turnover Profit (HK$ mn) Beijing 33.9% (HK$ mn) Guangzhou 44.3% Hohhot 21.8% Beijing 672.4 268.7 Guangzhou 877.7 541.0 Property Gross Profit by Cities Beijing 26.3% Hohhot 430.9 211.3 Guangzhou 53.0% Hohhot 20.7% Total 1,981.0 1,021.0 6 BUSINESS OVERVIEW Royal Waterfront, Jilin 7 BUSINESS DEVELOPMENT Jilin Hohhot Beijing Yinchuan Property Development Hefei Shanghai Property Investment Guilin Guangzhou New Land Nanning Acquisition 8 NEW LAND ACQUISITION IN 2011 Attributable Land Area Total GFA Attributable Land Cost City Name of Project Interest (m2) (m2) GFA (m2) (RMB mn) Hohhot Xiao Tai Project 100% 72,857 214,000 214,000 420.00 Jilin Fengman District Project 100% 36,800 169,500 169,500 185.25 Hefei Shushan District Project 100% 144,700 399,200 399,200 707.58 Nanning Donggouling Project 100% 46,002 183,100 183,100 414.02 Total 300,359 965,800 965,800 1,726.85 9 CURRENT LANDBANK Total Landbank: 5.93 million Sq.m.; Attributable Landbank: 4.77 million Sq.m. Total GFA Total Attr. GFA Attr. City („000m2) % („000m2) % Beijing 342.1 5.77% 241.1 5.05% 1-Tier Cities Guangzhou 298.4 5.03% 298.4 6.25% Jilin 169.5 2.86% 169.5 3.55% Hohhot 877.1 14.79% 877.1 18.38% 3-Tier Yinchuan 3,314.0 55.87% 2,319.8 48.60% Cities Hefei 399.2 6.73% 399.2 8.36% Guilin 348.0 5.87% 284.8 5.97% Nanning 183.1 3.08% 183.1 3.84% 10 PROPERTY SALES IN 1H 2011 Property Property Property Sales in Value Sales in Sales in City Value (HK$ GFA („000 Beijing 6.4% mn) Sq.m.) Guangzhou 75.5% Hohhot 18.1% Beijing 272.6 7.0 Guangzhou 3,201.3 116.0 Property Sales in GFA Beijing 3.4% Hohhot 766.8 80.3 Guangzhou 57.1% Hohhot 39.5% Total 4,240.7 203.3 11 PROJECTS COMPLETED FOR OCCUPATION IN 1H 2011 GFA A total of two projects were City Project Name Completion completed in 1H 2011. („000 Sq.m.) Total Gross Floor Area (GFA) Guangzhou Banyan Bay (J6-J8) 64.8 completed for occupation was 120,000 m2. Hohhot Glorious City (Zone IV) 55.2 Over 95% of the total saleable GFA m2 completed was sold by Total 120.0 30st June 2011. 12 STRATEGY & OUTLOOK Lagoon Manor, Beijing 13 STRATEGIES Maintain disciplined investment approach to expand market share in 3rd- tier cities of high growth potential and promising returns. Conduct delicacy management at every step of the whole value chain in property development, including master planning, construction, marketing and custom service. Develop business under the “China Overseas Property” brand name and introduce the leading service of “China Overseas Property Management”. Aim to provide branded and quality housing product portfolio catering to local market demand through market segmentation and properly product- positioning. 14 OUTLOOK FOR 2H 2011 Property Market COGO Tightening measures will be kept on hold. HPRs could be extended to more Tier-2/3 cities, but it does not necessarily result in weaker Launch more brand new projects in property sales, in particular for Tier-3 cities to expedite business premium brands. expansion. For the physical market, property When right opportunities emerge in sales would remain brisk, while the financial market, the company national average prices might will further build up financing decline slightly . strength for future development. Uncertain factors of the external economic environment would likely affect Chinese economy, hence weigh on property market. 15 GUIDANCE FOR 2011 COGO is well on track to 2010 2011 1H 2011 Percentage achieve the target of new Actual Guidance Actual project commencement and new land acquisition. New Project In 2H11, the saleable Commencement 163 1,400 659.8 47.1% resources will be much higher than in 1H, we („000 Sq.m. ) have confidence to maintain high take-up Property Sales rate and achieve our 248 700 203.3 29.0% („000 Sq.m. ) sales target by the end of this year . COGO has sufficient New Land resources to acquire Acquisition 2,483 1,000 965.8 96.6% more land in 2H11 in („000 Sq.m. ) good timing. 16 FIVE YEARS OUTLOOK Target net profit compound annual growth rate of 30% over next five years. Expect to realize contracted sales of over HK$20 billion and turnover of more than HK$15 billion in 2015. Achieve a nationwide coverage of over 10 cities and replenish land bank totaling above 10 million square meters Build up a strong competitive team by recruiting the best. Maintain a reasonable yet aggressive gearing level while keep financial risks at control. 17 Thank you! Q&A 18 DISCLAIMER These materials have been prepared by China Overseas Grand Oceans Group Ltd. (“COGO” or the “Company”) solely for information use during its presentation may not be reproduced or redistributed to any other person without the permissions from COGO. By attending this presentation, you are agreeing to be bound by the foregoing restrictions. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the company‟s financial or trading position or prospects. The information and opinions in these materials are provided as at the date of this presentation and are subject to change without notice. None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials. The information in this material contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of capital expenditures. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company. The materials and information in the presentations and other documents are for informational purposes only, and are not an offer or solicitation for the purchases or sale of any securities or financial instruments or to provide any investment service or investment advice..
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