Yuexiu Property Monthly Update

Yuexiu Property Monthly Update
Issue 1 ‧January 11th 2012
Highlights：
P.1 Operating Data
P.2 Monthly Contracted Sales
P.3 Recent Investor and Media Events
P.4 Upcoming Investor and Media Events
Yue Xiu Enterprises (Holdings)
Limited Completed Financing of
HK$1,000 Million
Building a diversified financing platform
to expand capital sources
I.
Operating Data (Unaudited)
2011 Full Year Sales Target RMB9 Billion Completed
In December 2011, the contracted sales GFA amounted to approximately
168,800 sqm while contracted sales value totaled approximately RMB1,703
million, representing year-on-year increases of 268.6% and 128.0% and monthon-month increases of 291.6% and 109.0% respectively.
For the twelve months ended 31 December 2011, the Company’s aggregated
contracted sales GFA was approximately 608,400sqm, a year-on-year increase
of 12.0%, the contracted sales value of RMB9,054 million, a year-on-year
increase of 2.2%. The aggregated contracted sales GFA and its value accounted
for 112.7% and 100.6% of the full-year contracted sales target of no less than
540,000sqm and RMB9,000 million respectively. The sales performance was in
line with the Company’s expectation.
Yue Xiu Enterprises (Holdings) Limited
(“YXE”), announced in January that it reached
agreement with China Life Trustees Limited
(as the trustee of China Life Insurance
(Overseas) Company Limited (“China Life”))
(as the bond subscriber) and Nomura
International
(Hong
Kong)
Limited
(“Nomura”) (as the arranger and settlement
agent), on all the terms of a private bond
placement agreement in respect of the issue of
mid-to-long term corporate bonds with a
maturity of 8 years and carrying a coupon rate
of 6.4% on 28 December 2011 to raise
HK$1,000 million.（Cont’d on P.2）
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II. Monthly Contracted Sales (Unaudited)
Monthly Contracted Sales Value of Yuexiu Property
RMB mil.
2000
1,817
1,757
1,703
1500
1,248
1,019
1,017
1000
868
827
747
700
530
790
815
778
550
504
500
Such Hong Kong dollar bond financing is
YXE’s first innovative financing exercise to
switch from pure bank loans to a combination
of bank loans and bond financing. It does not
only expand its sources of finance but also
realises a new means of financing at a
reasonable cost and with a long maturity. The
proceeds will be mainly used for YXE's
general working capital.
Mr. Lu Zhifeng, Chairman of Yue Xiu
Enterprises (Holdings) Limited, said, “The
financing not only enhances our ability to
secure long term and stable capital, but also
lays a solid foundation for YXE to improve its
financing structure. Furthermore, China Life’s
brand name enjoys a high recognition and
reputation in the industry, having them
subscribe to our bond issue will strengthen the
Hong Kong capital market’s positive
perception of and confidence in YXE’s
financial status and sustainable growth.”
404
395
273
235
189
Awards and Recognition
284
281
149
0
2010.01
2010.02
2010.03
2010.04
2010.05
2010.06
2010.07
2010.08
2010.09
2010.10
2010.11
2010.12
2011.01
2011.02
2011.03
2011.04
2011.05
2011.06
2011.07
2011.08
2011.09
2011.10
2011.11
2011.12
On 19 December 2011, The Asset, a renowned
financial magazine in Hong Kong, announced
that Yuexiu Property was one of the winners of
the “Corporate Awards 2011”. Although this
was the Company’s first participation, Yuexiu
Property won the “Gold Award for Social
Responsibility and Investor Relations 2011”.
On 2 September 2011, Yuexiu Property won
the “Outstanding China Property Developer
Awards 2011” sponsored by the famous Hong
Kong financial magazine Economic Digest,
which was also the third consecutive year to
receive the award. (Cont’d on P.3)
2011 Yuexiu Property Media Appreciation Conference
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On 31 August 2011, Yuexiu Property won the
honor of “The Excellence of Listed Enterprise
Awards 2011” organized by Capital Weekly, the
renowned financial magazine in Hong Kong.
III. Recent Investor and Media Events
Event
Date
Venue
Yuexiu Property Media Appreciation
Conference
2011-12-29
Guangzhou IFC
RBS Hong Kong/China
Seeking Alpha
2011-12-08～
2011-12-09
Hong Kong Shangri-La
Hotel
BAML Greater China Property Corp.
Day
2011-12-06～
2011-12-07
Hong Kong BAML
Client Centre
Nomura Investment & Global Real
Estate Forum 2011
2011-12-01
Japan Tokyo Mandarin
Oriental Hotel
CLSA HK/China Property Access Day
2011
2011-11-30
Hong Kong JW Marriott
Hotel
Daiwa Investment Conference Hong
Kong 2011
2011-11-08～
2011-11-09
Hong Kong Shangri-La
Hotel
BAML 2011 China Conference
2011-11-02～
2011-11-04
Beijing JW Marriott
Hotel
Citi/2011 Greater China Investor
Conference
2011-10-19～
2011-10-20
Macau Grand Hyatt
Hotel
Kingsway-Hong Kong Investor
Conference
2011-09-15
Hong Kong
Access-
Nomura Investment & Global Real
Estate Forum 2011
RBS Hong Kong/China Access –
Seeking Alpha
ICBC’s Analyst Report on Yuexiu
Property
Yuexiu Latest Major Research Reports:
Issued Date
2012-01-09
2012-01-03
2011-11-28
2011-11-14
2011-11-08
Company
Deutche Bank
Daiwa Capital
Daiwa Capital
ICBC
Samsung
3
Successful Three-year Business
Optimization Program and Result
IV. Upcoming Investor and Media Events
Event
2011 Yuexiu Group
Media Appreciation Conference
Date
2012-01-12
Venue
Guangzhou IFC
2012 Deutsche Bank
Conference 2012
2012-01-09～
2012-01-11
Beijing Grand Hyatt
Hotel
UBS Greater China
Conference 2012
2012-01-09～
2012-01-09
Shanghai Shangri-La
Hotel
Yuexiu Property Company Limited
Yuexiu Property Company Limited (HKEx Stock Code: 00123) (the “Company”) was listed in Hong
Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou with its
businesses mainly concentrated in the Guangzhou area and gradually expanding into the Pearl River
Delta, Yangtze River Delta, the Bohai Rim and the central region. As at 30 June 2011, Yuexiu had
investment properties, properties under development and undeveloped properties with total GFA of
approximately 11.33 sqm. The Company also holds a 35.58% interest in GZI Real Estate Investment
Trust (“GZI REIT”), the first listed real estate investment trust in the world investing in real estate in
China.
In 2008, Yue Xiu Group (the “Group”)
launched
its
three-year
business
optimisation programme, conducted a series
of strategic restructuring and was actively
involved in joint venture and cooperation
projects. It divested its businesses related to
hotel operations, cement manufacturing,
supermarket and battery manufacturing and
focused its efforts on growing its three core
businesses. As a result of the asset
consolidation over the past three years, the
Group’s three core businesses have
expanded rapidly and its total asset value
has doubled. The Group has also achieved
notable results in optimisation of its
enterprise structure, capital structure and
organisational structure.
As at the end of 2011, YXE’s parent
company Guangzhou Yue Xiu Holdings
Limited had total asset value over RMB120
billion, making it the first state-owned
enterprise under the State-owned Assets
Supervision
and
Administration
Commission (SASAC) of Guangzhou with
over RMB100 billion in assets.
Currently, YXE holds a 49.88% stake in
Yuexiu Property Company Limited (HKEx
Stock Code: 00123) [Yuexiu Property holds
a 35.58% stake in Yuexiu REIT (HKEx
Stock Code: 00405)] and a 60.65% stake in
Yuexiu Transport Infrastructure Limited
(HKEx Stock Code: 01052).
Yuexiu Property Monthly Update
Issue 1 ‧January 11th 2012
Disclaimer
For Enquiries, Please Contact：
The Company wishes to remind investors that the above operational statistics are based on the
Group’s internal records which are unaudited. Differences may arise between such statistics and the
data disclosed in subsequent audited financial statements. Such statistics including but not limited to
major research reports are provisional and for reference purposes only. Investors are cautioned not to
rely unduly on such statistics.
Yuexiu Property Company Limited
Ms. Carrie Li
Capital Department
Investor Relations Officer
Tel：（852）2593 2326
Fax：（852）2511 0832
Email：[email protected]
Weber Shandwick
Ms. Jessica Or/Mr. Steve Lee
Tel：（852）2533 9993 / 2533 9986
Fax：（852）2868 0224
Email: [email protected]/
[email protected]
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