Stable Development in Yangtze River Delta Region
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2020 Annual Results Briefing 31 March 2021 Contents 1.Highlights 2.Business Operation 3.Financial Performance 4.Future Development Appendix 1 Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Sinic Holdings (Group) Company Limited (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group at investor meetings for information purposes. No part of this presentation should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained herein. 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You are also deemed to have represented and agreed that you and any customers you represent are professional investors as defined in the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and any rules made thereunder. 2 1.Highlights Wuxi Feicuiwan3 2020 Annual Results Highlights Revenue Net gearing Ratio Total facilities Dividend payout ratio 28.1 billion 63.3% 90.7 billion 26.8% Strong growth in revenue Robust Financial Position Diversified financing Clear dividend policy and net profit channels • Recognised revenue • The net gearing ratio • H-to-H strategic cooperation • Annual dividend per share approximately RMB28.07 decreased to 63.6%, established with banks; the RMB14 cents per share billion, up 4.0% YoY maintaining the level within total credit facilities obtained • Dividend payout ratio is 26.8% 80% from financial institutions was of core attributable to owners • The cash-to-short-term debt RMB90.7 billion, increase of the parent • The core profit attributable to ratio was 1.2x 22.7% YoY. owners of the parent(1) was Existing onshore RMB approximately RMB1.87 billion, • corporate bonds of RMB 750 up 0.8 % YoY The weighted average cost of • million and offshore indebtedness was 9.1%, corporate bonds of USD 740 decreased by 0.1 ppt YoY million • Existing ABS of RMB1,180 million Robust Financial Policy (1) Core profit attributable to the owners represents profit attributable to the owners less the changes in fair value of investment properties (net of tax) and changes in fair value of financial assets/liabilities (net of tax). (2) The calculation of net gearing ratio is based on total indebtedness less cash and bank balances divided by total equity at the end of the year and multiplied by 100%. 4 2020 Operation Highlights Total contracted sales Total land reserve SINIC 5S Three major 113.74 billion digital platforms 15.21 million sq.m Maintain high-quality Adherence to quality Delicacy operation Rigorous land and provision of growth management acquisition strategy complete services • Total contracted sales • SINIC 5S landed and products • The efficiency, cost control, • As of December 31, 2020, the reached RMB113.74 billion; fully upgraded and operational Company has 150 projects attributable contracted sales • Won 52 product awards, capabilities have been • Total attributable land reserve is reached RMB50.42 billion, including 27 awards in the further developed about 15.21 million square up 11.8% YoY 15th Kinpan Awards • A total of three digital meters, first-tier and second-tier • Attributable contracted cities account for about 85.6% • The Group’s customers platforms have been built, average selling price was satisfaction rate is 89.9%; which were digital • 35 new projects in 2020, with RMB15,006 per sqm, up ranking 8 out of 110 real estate operation platform, core attributable planned area of 14.7% YoY companies by FG data platform and Internet 3.47 million square meters, a + procurement platform. total attributable investment of • Sustainable development: approximately RMB15.7 billion, established governance and an average land price of mechanisms and procedures approximately RMB4,527 per for the issuance of green, square meter socially responsible, sustainable development • 60% of the value is in the bonds, loans and other debt Yangtze River Delta and the instruments Greater Bay Area 5 2.Business Operation Nanchang Heyuebingjiang 6 Contracted sales maintained significant growth with a more balanced structure In 2020, the total contracted sales and the attributable contracted sales reached RMB113.7 billion and RMB50.4 billion respectively, representing a YoY increase of 24.4% and 11.8% respectively, in which the Greater Bay area and Yangtze River Delta region accounted for 52%, Tier-1 and Tier-2 cities’ sales represented 90%.The attributable sales area was 3,360,103 sq.m., and the attributable contracted average selling price was RMB15,006 per sq.m., representing a YoY increase of 14.7%. Attributable sales breakdown by regions 2019 2020 Central & Western China and others Central & Western China and Others 11% Jiangxi 17% Yangtze River Province Delta region 31% 11% 45.1 50.4 billion billion Jiangxi Greater Bay Province Yangtze River Area 54% Delta Region Greater Bay 24% 28% Area 24% Attributable sales by city tier Percentation of Attributable Sales total Attributatble GFA Attributable ASP Tier-1 Region (RMB Million) attributable (m2) 2 New Tier-1 8% (RMB/m ) (1) sales cities 18% Jiangxi Province 15,551 31% 1,128,690 13,778 Greater Bay Area 12,041 24% 854,583 14,090 Yangtze River Delta region 14,443 28% 798,848 18,080 Central & Western China and otHers 8,385 17% 577,982 14,508 Tier-2 Total 50,420 100.0% 3,360,103 15,006 Tier-3 and others 64% 10% (1) New Tier-1 cities include Chengdu, Chongqing, Nanjing, Suzhou, Hangzhou, Wuhan, Qingdao, Hefei 7 Diversified Geographic Distribution and High-quality Land Bank • As of 31 December 2020, 150 projects were distributed in 4 regions By attributable area • The attributable land reserve area was 15.21 million sq.m., sufficient