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March 2016
2015
Annual Results
Presentation
Overview 1 3
Financial Highlights 2 6
Business Operations 3 12
Business Updates 4 24
Contents
2
Appendix 5 29
3
1. Overview
4
Performance highlights
Sustainable sales growth with favourable development in overseas markets
Contracted sales in 2015 increased by 24% yoy to approx. RMB15.17bn, achieving 112% of the full year
target. Contracted sales in 2015 tripled that in 2012 which was approx. RMB5.25bn, maintaining a growth
rate above the industry average
Revenue in 2015 increased by 37% yoy to approx. RMB9.57bn
Gross profit in 2015 increased by 28% yoy to approx. RMB2.65bn; Gross profit margin was approx. 27.6%
In 2015, net profit excluding exchange loss increased by 52% yoy to approx. RMB1.19bn, while net profit
including exchange loss increased by 16% yoy to approx. RMB910mn
Proposed a final dividend of RMB8.80 cents per share, maintaining a stable dividend policy
Aoyuan has successfully established a strategic plan in overseas markets through a localization strategy:
Aoyuan acquired One30 Hyde Park Sydney in Mar 2015. Since launch in Aug, the project has achieved
contracted sales of approx. A$213mn (equivalent to approx. RMB1.02bn) in 2015 with an average selling
price of approx. RMB126,957 per sqm, receiving favourable market response
Being one of the few Chinese developers who have gained access to local bank financing when entering
into overseas property markets, Aoyuan has obtained a loan from Commonwealth Bank of Australia
(CBA) which amounted to 50% of land acquisition cost, with the total borrowing cost of below 5% per
annum. Besides, Aoyuan has also secured a loan from CBA to fund 100% construction cost of One30
Hyde Park Sydney
Performance highlights (cont.)
Sound financial performance with successful funding diversification Fitch upgraded credit rating to Positive
Aoyuan maintained solid financial performance. As of 31 Dec 2015, net gearing was kept at an industry
reasonable level of 62.7%, and the cash collection ratio was kept at a high level of 82%
Capitalizing on onshore and offshore capital markets, Aoyuan made ongoing success in diversifying financing
channels and capital resources, further lowering borrowing cost and optimizing debt structure:
In Mar 2015, Aoyuan issued a US$100mn senior notes to ABCI through private offering at coupon rate of
9.25% amid difficult market situation
In May 2015, Aoyuan seized the market window of opportunity to issue a US$250mn senior notes at
coupon rate of 10.875% which was oversubscribed by 6.5x
In Jul 2015, Aoyuan successfully issued its inaugural public domestic corporate bonds of RMB2.4bn at
coupon rate of 5.8%
In Aug 2015 and Feb 2016, Aoyuan obtained a total of US$180mn syndicated loan led by Nanyang
Commercial Bank. The US$100mn tranche bears an interest of LIBOR plus 6.5% per annum, while the
US$80mn tranche bears an interest of LIBOR plus 5% per annum
In Oct 2015 and Feb 2016, Aoyuan successively issued a RMB1.5bn and a RMB500mn domestic
corporate bonds through private offering at coupon rate of 7.8% and 7.9% respectively
In Nov 2015 and Feb 2016, Aoyuan completed the redemption of US$225mn senior notes due 2017 in two
batches, further lowering borrowing cost and optimizing debt structure
In Jan 2016, Fitch upgraded Aoyuan’s credit rating outlook to Positive with B+ corporate rating confirmed
5
6
2. Financial Highlights
(Year ended 31 Dec)
(RMB '000) 2015 2014 Change
Turnover 9,572,424 6,976,151 +37%
Gross profit 2,646,276 2,067,369 +28%
Gross profit margin 27.6% 29.6% -2pp
Net profit (excl. exchange loss)
1,185,002 780,095 +52%
Net profit margin (excl. exchange loss)
12.4% 11.2% +1.2pp
Net profit (incl. exchange loss)
907,493 782,933 +16%
Net profit margin (incl. exchange loss)
9.5% 11.2% -1.7pp
Final dividend per share (RMB cents)
8.8 8.7 +1%
Income statement highlights
7
(RMB '000) 31 Dec 2015² 30 Jun 2015 31 Dec 2014
Total cash¹ 9,035,678 6,731,164 5,917,308
Total assets 48,826,872 40,314,579 36,785,834
Total assets less current liabilities
26,057,288 19,858,515 16,407,799
Equity attributable to owners of the Company
8,242,775 8,006,049 7,719,452
Total equity 11,575,857 9,739,506 9,034,088
8
Note:
1 Total cash = Cash and cash equivalents + Restricted bank deposits
2 As of 31 Dec 2015, banking facilities amounted to approx. RMB26.7bn, of which approx. RMB1.1bn were unutilized
Balance sheet highlights
31 Dec 2015 30 Jun 2015 31 Dec 2014
Net debt / Total equity ¹ 62.7% 72.6% 61.8%
Net debt / Total assets 14.9% 17.5% 15.2%
Net debt / EBITDA 2 4.1x 4.3x 4.2x
Total liabilities / Total assets 76.3% 75.8% 75.4%
Liquidity ratio 3 1.9x 1.7x 1.6x
9
Key financial ratios
Note:
1 Net debt = Total debt - Total cash
2 EBITDA = Profit before tax + Finance costs – Revaluation on investment properties – Other income, gains & loss + Depreciation + Amortization (EBITDA for 30 Jun 2015 is based on the LTM EBITDA prior to 30 Jun 2015)
3 Liquidity ratio = Current assets / Current liabilities
10
25%
39%
16%
39% 18%
34%
33% 42%
49%
3% 1% 1%
0%
20%
40%
60%
80%
100%
2013 2014 2015
< 1 year 1-2 years 2-5 years > 5 years
Debt maturity Debt breakdown by type
Borrowing cost
Debt profile
Onshore bank
borrowings 51%
Trust loans 15%
Offshore senior
notes 28%
Offshore bank
borrowings 6%
2014
Onshore
bank
borrowings 24%
Onshore
corporate
bonds 24%
Offshore
senior
notes 30%
Offshore
bank
borrowings 9%
2015
Trust loans 13%
11.4%
10.2%
9.5%
8%
10%
12%
2013 2014 2015
11
5.9
9.0
12.5
5.8
5.9 0.6
-5.4
-5.8
-1.2 -0.9
-1.3 -0.3
-6.1
-0.8
0
5
10
15
20
25
30
35
Openin
g ca
sh b
ala
nce
(as o
f 1 Ja
n)
Opera
ting ca
sh flo
w
New
bank b
orro
win
gs
Pro
ceeds fro
m se
nio
rnote
s/dom
estic
bonds issu
ance
Oth
er ca
sh in
flow
Land a
cquisitio
n
Constru
ction e
xpense
s
Tax e
xpense
s
SG
&A
Inte
rest e
xpense
s
Div
idend p
aym
ents
Debt re
paym
ent
Redem
ptio
n o
fse
nio
r note
s
Endin
g ca
sh b
ala
nce
(as o
f 31 D
ec)
12.5
15.2
0
4
8
12
16
Cash collected Contracted sales
82%
Note 1: As of 31 Dec 2015, the outstanding land premium was approx. RMB310mn which will be fully paid in 2016
Aoyuan adheres to the principle of prudent financial management by recycling capital through rapid presales and diversifying financing channels
2015 Cash flow 2015 Cash collection
Cash flow and financial management
(RMB billion) (RMB billion)
1
12
3. Business Operations
Contracted sales growth continues to be above industry average
13
5,251
10,038
12,223
15,171
0
4,000
8,000
12,000
16,000
2012 2013 2014 2015
(RMB million)
Contracted sales
Monthly contracted sales
(RMB million)
977
405
707
519
817
1,722
856
503
878
1,230
2,130
1,500
1,132
636
880
666
929
1,826
1,021
1,403
1,140
1,512
1,890
2,140
1,503
707
0
500
1,000
1,500
2,000
2,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 2015 2016
合同及确认销售面积 合同及确认销售金额 合同及确认销售均价
14
Contracted sales and recognized sales (GFA)
Contracted sales and recognized sales (Value)
Contracted sales and recognized sales (ASP)
1,343
1,888
914
1,018
0
400
800
1,200
1,600
2,000
2014 2015
Contracted GFA sold Recognized GFA sold
12,222
15,171
6,803
9,295
0
4,000
8,000
12,000
16,000
2014 2015
Contracted sales Recognized sales
9,103
8,037
7,441
9,130
0
2,000
4,000
6,000
8,000
10,000
2014 2015
Contracted ASP Recognized ASP
Contracted sales and recognized sales
(000's sqm) (RMB million) (RMB per sqm)
2014 contracted sales: RMB12.22bn 2015 contracted sales: RMB15.17bn
Guangzhou 18%
Chongqing 17%
Hunan 8%
Shenyang 4%
Guangxi 11%
Anhui 8%
Australia 7%
Others 1%
Guangzhou 50% Chongqing
13%
Hunan 9%
Shenyang 6%
Guangxi 2%
Others 3%
By region
2014 contracted sales: RMB12.22bn
Residential apartments
48%
Retails and others
26%
Commercial apartments
24%
By product
2015 contracted sales: RMB15.17bn
Residential apartments
66%
Retails and others
18%
Commercial apartments
13%
Low density residential
2%
Low density residential
3%
By region
By product
Contracted sales breakdown
Guangdong (ex-Guangzhou)
17%
Guangdong (ex-Guangzhou)
26%
15
2014 recognized sales: RMB6.80bn 2015 recognized sales: RMB9.30bn
Guangzhou
40%
Chongqing 14%
Shenyang 14%
Hunan 2%
Guangxi 5%
Jiangsu 6%
Jiangxi 2%
Guangzhou 54% Chongqing
15%
Shenyang 5%
Anhui 9%
Guangxi 3%
Jiangsu 3%
2014 recognized sales: RMB6.80bn 2015 recognized sales: RMB9.30bn
Residential apartments
68%
Retails and others
25%
Residential apartments
41%
Retails and others
20%
Commercial apartments
38%
Low density residential
2%
Low density residential
1%
Recognized sales breakdown
By region By region
By product By product
Guangdong (ex-Guangzhou)
17% Guangdong (ex-Guangzhou)
11%
Commercial apartments
5%
16
New GFA start and GFA completion
Aoyuan proactively manages its new GFA start and GFA completion dynamic to respond to market changes, thus having flexibility in capex management and maintaining sound cash flows
(000's sqm)
2,335
1,616
2,037
1,141 1,247
1,368
0
500
1,000
1,500
2,000
2,500
2013 2014 2015
New GFA start GFA completion
17
Project name Location Status Product type¹ GFA (sqm) Interest (%)
1 Guangzhou Aoyuan Plaza Panyu, Guangzhou Leased C, S 80,500 54%
2 Guangzhou Aoyuan Panyu, Guangzhou Leased C, S 8,600 100%
3 Shenyang Aoyuan The Metropolis Shenyang, Liaoning Leased H 6,900 100%
4 Guangzhou Aoyuan City Plaza Panyu, Guangzhou Leased C, CH 31,300 100%
5 Guangzhou Luogang Aoyuan Plaza Huangpu, Guangzhou Leasing C 34,400 60%
6 Guangzhou Aoyuan Kangwei Plaza Zengcheng, Guangzhou Leasing C, S 60,000 51%
7 Zhuhai Aoyuan Plaza Zhuhai, Guangdong Leasing C, S 53,700 93%
8 Chongqing Aoyuan The Metropolis Chongqing Leasing C 19,300 100%
9 Chongqing Aoyuan City Plaza Chongqing Leasing C 57,300 100%
10 Chongqing Aoyuan Panlong Yihao Chongqing Leasing C, S 51,000 60%
11 Shenyang Aoyuan Convention Plaza Shenyang, Liaoning Leasing C, S 114,200 100%
12 Liuyang Aoyuan Plaza Changsha, Hunan Leasing C, S 25,000 100%
13 Bengbu Aoyuan Hanlin Yinzuo Bengbu, Anhui Leasing C, S 35,500 55%
To diversify income sources and reduce volatility in revenue, Aoyuan will develop investment properties and other businesses in a steady pace
Major investment properties overview
18
Diversified revenue streams
Note 1: C = Commercial; S = Retail shop; CH = Club house; H = Hotel
沈阳奥园会展广场 广州奥园城市天地
广州奥园康威广场 广州萝岗奥园广场
广州奥园广场
重庆奥园国际城
珠海奥园广场
18
Shenyang Aoyuan Convention Plaza
Guangzhou Aoyuan City Plaza
Guangzhou Luogang Aoyuan Plaza Chongqing Aoyuan The Metropolis
Guangzhou Aoyuan Plaza Zhuhai Aoyuan Plaza
Renowned tenants at Guangzhou
Aoyuan Plaza www.aoyuanplaza.com
19
Asset-light operating model: Guangzhou Aoyuan Plaza
Total GFA: Approx. 250,000 sqm
Development model:
Shopping Mall + Themed Shopping Street + Commercial Apartments
The occupancy rate remains above 95% since opening
Guangzhou Aoyuan Plaza
In Dec 2012, the high-end shopping mall of Guangzhou Aoyuan Plaza was officially opened, with a GFA of approx. 80,500 sqm. Three fast fashion tycoons, H&M, ZARA and UNIQLO, have set up their stores. Other domestically and internationally renowned brand names include Vanguard and Stellar International Cineplex, etc.
In Nov 2014, Aoyuan has successfully invited Huaxia Insurance as a strategic investor of Guangzhou Aoyuan Plaza by means of capital injection, thus strengthening cash flows and further facilitating an asset-light operating model
Guangdong
Jiangsu 3,171 3,075
1,598 1,562 1,324 1,178 1,093
603 338
111 0
1,000
2,000
3,000
4,000
Guangzh
ou
Chongqin
g
Jiangsu
Hunan
Anhui
Guangdong
(ex-G
uangzh
ou)
Zhejia
ng
Guangxi
Liaonin
g
Jiangxi
Average land cost: RMB1,556 per sq.m.
Average land cost by region (China)
20
Liaoning
Anhui
As of 31 Dec 2015, Aoyuan had 57 projects with a total GFA of approx. 13.33mn sqm, which are located in
Guangdong, Chongqing, Jiangsu, Liaoning, Hunan, Anhui, Zhejiang, Guangxi, Jiangxi of China and Sydney of Australia.
The current reserve will be sufficient to meet the development needs in approx. five years.
Land bank overview
Guangxi Guangdong
Jiangxi
Chongqing
Jiangsu
Hunan
Liaoning
Zhejiang
Anhui
Region City GFA (‘000 sqm)
Guangzhou Guangzhou 1,922.1
Subtotal 1,922.1
Guangdong (ex-Guangzhou)
Zhuhai, Guangdong 270.8
Foshan, Guangdong 555.3
Zhongshan, Guangdong 285.2
Jiangmen, Guangdong 166.6
Yangjiang, Guangdong 362.1
Meizhou, Guangdong 583.7
Qingyuan, Guangdong 132.4
Fogang, Guangdong 494.2
Yingde, Guangdong 756.5
Yunfu, Guangdong 255.3
Shaoguan, Guangdong 678.7
Subtotal 4,540.8
Core region of Central and West China
Chongqing 1,304.7
Changsha, Hunan 148.9
Zhuzhou, Hunan 873.3
Ganzhou, Jiangxi 218.7
Subtotal 2,545.6
Yangtze River Delta
Kunshan, Jiangsu 89.9
Jiaxing, Zhejiang 202.3
Bengbu, Anhui 892.4
Subtotal 1,184.6
Beibuwan Nanning, Guangxi 284.2
Yulin, Guangxi 1,117.3
Subtotal 1,401.5
Bohai Rim Shenyang, Liaoning 1,713.0
Subtotal 1,713.0
Australia Sydney, NSW 20.8
Subtotal 20.8
Land bank breakdown by region (by value) Land bank breakdown by city tier (by value)
Tier 1/
Int’l cities 32%
Tier 2
cities 40%
Lower
tier cities 28%
Guangzhou 29%
Core region of Central
and West China 27%
Yangtze River Delta
7%
Beibuwan 4%
Bohai Rim 3%
Australia 3%
Land bank breakdown by type (by GFA) Land bank breakdown by status (by GFA)
Residential apartments
63%
Commercial 28%
Investment properties
5%
Low density residentials
1%
Auxiliary facilities
3%
Held for future
development 48%
Under development
38%
Completed and held for
sale 8%
Completed and sold, but yet to be delivered
/Auxiliary facilities 6%
Land bank overview (cont.)
(as of 31 Dec 2015)
Guangdong (ex-Guangzhou)
27%
21
22
Name City Type¹ Approach Acquired
Date Interest
% Total GFA
(sqm)
Total cost (RMB million)
Avg. land cost (RMB per sqm)
1 Jiaxing Aoyuan Gold Coast Jiaxing, Zhejiang
C, R Land auction Feb 2015 100% 202,300 221 1,093
2 One30 Hyde Park Sydney 2 Sydney, Australia
R Land acquisition Mar 2015 70% 15,000 610 40,619
3 Wuhua Aoyuan Plaza Meizhou, Guangdong
C, R Land auction Mar 2015 100% 135,800 170 1,251
4 Nanning Aoyuan Hanlin Shangzhu 3 Nanning, Guangxi
C, R Equity acquisition Apr 2015 55% 74,300 225 3,033
5 Nanning Aoyuan Hanlin Mingmen 3 Nanning, Guangxi
C, R Equity acquisition Apr 2015 55% 142,900 396 2,775
6 Bengbu Aoyuan Hanlin Huafu 3 Bengbu, Anhui
R Equity acquisition Apr 2015 55% 325,600 419 1,287
7 Zhuhai Aoyuan Plaza Zhuhai, Guangdong
C, R Industrial
redevelopment Aug 2015 93% 270,800 740 2,740
8 Lianhua Hill Aoyuan Panyu, Guangzhou
R Commission development
Aug 2015 100% 280,800 600 2,137
9 Liuyang Aoyuan Plaza Changsha, Hunan
C, R Land auction Sep 2015 100% 148,900 123 828
10 Nanning Aoyuan Hanlin Langting Nanning, Guangxi
C, R Land auction Sep 2015 60% 67,100 133 1,992
11 Bengbu Aoyuan Hanlin Yinzuo 3 Bengbu, Anhui
C, R Equity acquisition Oct 2015 55% 706,300 950 1,345
12 Foshan Aoyuan Foshan, Guangdong
C, R Land auction Nov 2015 100% 116,200 1,087 9,358
13 188 Maroubra Sydney Sydney, Australia
R Land acquisition Nov 2015 100% 5,800 86 14,897
Total 2,491,800 5,760 2,312
Land bank expansion
High-quality projects successfully acquired in 2015
Note 1: R = Residential; C = Commercial
Note 3: Aoyuan has acquired 55% interests in Hanlin Shangzhu, Hanlin Mingmen, Hanlin Huafu and Hanlin Yinzuo at a net asset value of RMB110mn
Note 2: Aoyuan has secured an acquisition loan from Commonwealth Bank of Australia which covers 50% of the acquisition cost of RMB610mn. Aoyuan has paid 70% of the remaining acquisition cost on the basis of interest in joint venture, which amounts to RMB210mn
23
No. Avg. land cost (RMB per sqm)
Total GFA (sqm)
Total cost (RMB million)
2008 2 369 341,483 126
2009 4 876 3,583,868 3,138
2011 7 2,933 1,268,457 3,721
2012 8 2,178 1,874,914 4,084
2013 8 2,245 2,232,579 5,013
2014 8 1,715 2,657,445 4,557
2015 13 2,312 2,491,800 5,761
Total 50 1,827 14,450,546 26,400
Guangzhou 30%
Chongqing 19%
Hunan 6%
Anhui 5%
Guangxi 3%
Shenyang 3%
Australia 3%
Others 7%
Breakdown of land bank acquired since IPO (by value)
Land bank expansion (cont.)
High-quality projects successfully acquired since IPO
Guangdong (ex-Guangzhou）
24%
24
4. Business Updates
Upgrading composite real estate and leading beyond healthy lifestyle
25
Aoyuan is a pioneer in China’s composite real estate development. In 1997, it has successfully developed Guangzhou Aoyuan, the first sports-themed project in China. The motto, which is based on the Olympic spirits, became hugely popular in China.
Adhering to its brand philosophy of building a healthy lifestyle, Aoyuan has launched a brand new composite real estate model since 2015 and lead beyond healthy lifestyle!
Adjust proportions of residential and commercial properties in
dynamical manner to speed up sales and cash collection
Open up Australian property market to achieve parallel development
in domestic and overseas markets
Upgrade composite real estate with themes of cultural tourism, regimen, and senior care to
enhance asset quality and valuation
Develop Internet+ Property business and cross-border e-commerce O2O platform
26
In Mar 2015, Aoyuan has acquired One30 Hyde Park in Sydney CBD through a joint venture with Ecove, a prominent Australian
developer, to develop luxury residential apartments. Aoyuan holds 70% equity interests in the joint venture
In 2015, One30 Hyde Park Sydney has achieved contracted sales of approx. A$213mn (equivalent to approx. RMB1.02bn) since
launch in Aug, receiving favorable market response
Being one of the few Chinese developers who has gained access to local bank financing when developing overseas, Aoyuan has
obtained a loan from CBA which amounted to 50% of land acquisition cost, with the total borrowing cost of below 5% per annum.
Besides, Aoyuan has also secured a loan from CBA to fund 100% construction cost of One30 Hyde Park Sydney
Aoyuan Australia office has been set up with a professional team made up of Australian locals with rich experience in local property
development and management. The team is responsible for day-to-day operations and management of Aoyuan’s Australia projects
Aoyuan has acquired 188 Maroubra Sydney project for independent development and submitted the DA application on schedule.
The launch of 188 Maroubra Sydney project is expected in mid 2016
Favourable development in overseas markets
Successful strategic plan in overseas markets through localization strategy Australian projects achieves outstanding performance
27
Innovative composite real estate model (cultural tourism)
Aoyuan has invested Mr. Mei Shuaiyuan’s Shanshui Scenery Culture in 2011, laying a foundation for developing composite real estate with a cultural tourism theme. Mr. Mei is the founder of large scale scenic performance in China. In 2015 Aoyuan has collaborated with Shanshui Scenery Culture to develop Aoyuan Shaoguan Impression into the first world-class cultural tourism complex in South China.
Shaoguan sits at the conjunction of Guangdong, Hunan and
Jiangxi. It boosts a number of well-known cultural heritages and
natural landscapes, including Nanhua Temple (the birthplace of
Southern Zen Buddhism) and Mount Danxia (a UNESCO World
Natural Heritage site), and attracts over 20mn visitors every year
Aoyuan Shaoguan Impression project has a total GFA of approx.
700,000 sq.m. including 3km coastline along a river. Leveraging
on the natural sceneries and Buddhism Zen culture in Shaoguan,
the project strives to be the first world-class cultural tourism
complex in South China consisting of Buddhism Zen culture,
tourism, commercial and residential elements. Upon completion,
the project will not only exemplify Aoyuan’s innovative
composite real estate model, but also boast a new landmark that
enhances Shaoguan’s image and overall competitive power of
tourism. Aoyuan will continue to roll out such win-win model
between Aoyuan and local governments in other cities in the
future
In Sep 2015, Aoyuan held the opening ceremony of Shaoguan
Impression where Mr. Mei Shuaiyuan and his team would give
their first large scale scenic performance in South China named
Platform Sutra Of Hui Neng. Shanshui Zen Theatre will also be
permanently located here
28
China has proposed One Belt One Road initiative to encourage innovative businesses since 2015, including cross-border e-commerce. Guangzhou is one
of the first 7 pilot cities for cross-border e-commerce, and others include Shanghai, Shenzhen, Hangzhou, Ningbo, Chongqing and Zhengzhou.
As the pioneer of developing cross-border e-commerce business
among its peers in Chinese real estate, Aoyuan has obtained the
cross-border e-commerce O2O platform license in Jun 2015.
Aoyuan has built its own brand, Aomygod!, which has completed
connection with relevant authorities’ system, including customs
and quarantine inspection service, etc.
Aoyuan’s cross-border e-commerce O2O platform adopts a model
of “Offline experiential stores + Online purchase platform” to
provide high quality bonded and duty-paid imported commodities
around the world, and to integrate various services of
experiencing, trading, product inspection, delivery and
communication
The desktop and mobile versions of Aomygod! have been officially
launched. And about ten self-owned stores, experiential stores
and franchisee has opened. Therefore, customers can gain
convenient access to online and offline shopping
Physical self-owned stores and experiential stores are helpful in
improving customer flow and attracting more merchants, thus
boosting sales, leasing and operation of projects
Establishing cross-border e-commerce O2O platform
29
5. Appendix
Company structure
30
Commercial operations
Property management
Property investment
Property development
Guo Zi Wen/Guo Zi Ning 1
Approx. 50%
Cathay Capital Group
Approx. 10%
Public
Approx. 40%
Note 1: Deemed interests
(as of 8 Mar 2016)
Corporate milestones
Aoyuan has grown from a leading regional developer in Guangdong to a leading player with its presence in five major economic regions including Pearl River Delta, Yangtze River Delta, Bohai Rim, Central & Western China and Beibuwan;
has successfully set up a strategic plan in Australia property market, a first step towards global markets
31
1996-2006 Developed a sports-themed project,
pioneered in composite real estate development had Cathay Capital Group as a pre-IPO strategic investor
2007-2013 Listed on Main Board of SEHK, implemented a strategy of “developing commercial and residential properties in parallel” , and explored composite real estate with themes of cultural tourism , regimen and senior care
2007: China Aoyuan Property Group Limited (Stock code: 3883.HK) was listed on the Main Board of SEHK
1997: Zi Ye was established in PRC, which marked the beginning of Aoyuan Group
Chairman Guo Zi Wen introduced the "Sports+Property" development concept, and subsequently the “exercise starts from home" concept which became hugely popular in China
1999-2001: Successful sales of Guangzhou Aoyuan and Panyu Aoyuan
2014 – Now Sales growth continue to be above industry average, upgrading composite real estate development model,
and leading beyond healthy lifestyle
2014: Successfully issued a US$300mn senior notes, with oversubscription of 4.2x, establishing recognition from international capital markets
2006: Cathay Capital Group invested in Aoyuan as a pre-IPO strategic investor
2007: Geographical reach extended beyond Guangdong Province by entering into Guangxi, Shenyang and Chongqing, paving the way for Aoyuan to become a leading regional developer
2011: Took advantage of the growth in the Yangtze River Delta Region and successfully expanded into Jiangsu
2012- 2013: Aoyuan issued its debut USD Bond in late 2012 and subsequently tapped the same bond in early 2013, raising an aggregate of US$225mn
2013: Raised full year contracted sales target from RMB7.5bn to 8.5bn, and surpassed RMB10bn by Dec 2013, becoming a member of
the over-RMB1bn group
2014: Contracted sales recorded RMB12.2bn, up 22% yoy, maintaining robust growth momentum
2015: Announced the first overseas project, One30 Hyde Park Sydney, to open up overseas markets
2015: Issued US$250mn and US$100mn senior notes through public and private offering respectively, reaffirming recognition from international capital
markets and ABCI
Aoyuan instituted a clear strategy of “a leader in integrated properties and an operator of the urban development in the future”
2015: Issued RMB2.4bn and RMB1.5bn domestic bonds through public and private offering respectively
2015: Contracted sales achieved 112% of 2015 full year target with RMB15.2bn, tripling 2012 contracted sales
2016: Fitch upgraded credit rating outlook to positive with “B+” credit rating affirmed
2016: Secured a totalled US$180mn syndicated loan led by Nanyang Commercial Bank
Experienced and professional management with excellent track record in China’s real estate market, upholding stable and prudent operating principles, excellent compliance in corporate governance,
as well as high corporate transparency to ensure balanced and sustainable development
Board of Directors
4 Executive Directors, 1 Non-executive Director, and 3 Independent Non-executive Directors
Audit Committee, Remuneration Committee, and Nomination Committee
MA Jun
Executive Director, COO
ZHONG Ping
Executive Director, CFO
GUO Zi Ning
Vice Chairman, CEO
GUO Zi Wen
Chairman, Group Founder
YANG Zhong
Non-executive Director
CHEUNG Kwok Keung
Independent Non-executive Director
TSUI King Fai
Independent Non-executive Director
HU Jiang
Independent Non-executive Director
Senior Management
Commercial Properties
Investment
and Fund Management
Capital markets,
Overseas project development
Financial
Management, HR
and Administration
Management
Operations Management
Project Management
Brand and Sales & Marketing
Engineering
Management, Design and R&D
MIAO Si Hua
Vice President
CHEN Yong
Vice President
Jacky CHAN
Vice President
ZHONG Ping
CFO
MA Jun
COO
XIAO Yi
Vice President
MAI Ze Nian
Vice President
GAO Xiang Dong
Assistant to President
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Professional management team and outstanding corporate governance
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One30 Hyde Park is well-located
in the heart of Sydney CBD. It
faces north over Hyde Park to
Royal Botanic Gardens, Sydney
Opera House as well as Sydney
Harbour, enjoying a stunning
280-degree view
One30 Hyde Park is in close
proximity to the landmark Sydney
Tower, Chinatown, the oldest
Australian Museum, and the
largest St Mary Cathedral, etc.
One30 Hyde Park is located above
the heritage listed Museum MTR
Station, enjoying convenient
transportation
Sydney Harbour Bridge Sydney
Opera House
Royal Botanic Gardens
Art Gallery of NSW
St. Mary Cathedral
Australian Museum
Hyde Park
Australia projects - One30 Hyde Park Sydney
Sydney CBD
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Located in the heart of Maroubra, a
beachside district in eastern Sydney, 188
Maroubra Sydney is adjacent to the world-
class University of New South Wales
(UNSW), and is only a 15-minute drive
away from Sydney CBD
188 Maroubra Sydney also enjoys a 10-
minute walking distance from Maroubra
Beach, and a 10-minute drive away from
two globally renowned beaches, Bondi
Beach and Coogee Beach
Australia projects – 188 Maroubra Sydney
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Aoyuan has invested in Mr. Mei Shuaiyuan‘s
Shanshui Scenery Culture in 2011, holding
10% interests
Shanshui Scenery Culture carries on tourism
show curating, design and production,
cultural tourism planning of scenic area, and
operation and management of cultural
tourism projects. It has produced over a
dozen of scenic performance and dramas,
including Impression – Liu Sanjie (Guilin and
Yangshuo, Guangxi), the first large scale
scenic performance in China, Zen – Shaolin
(Mount Song, Henan), Worship Ceremony –
Mount Tai (Mount Tai, Shandong), Princess
Wencheng (Lhasa, Tibet), and Fox Fairy in
Mount Tianmen (Zhangjiajie, Hunan). Among
these, four shows have been designated as
National Cultural Industry Demonstration
Site, which have been drawing over 4 million
audience each year.
1
2
3 4
About Shanshui Scenery Culture
1. Impression–Liu Sanjie 2. Zen Shaolin
3. Worship Ceremony – Mount Tai
4. Prosperous Era of Northern Song Dynasty
Company HQ Aoyuan Mansion, No.108,
Huangpu Avenue West, Tianhe, Guangzhou
HK Office Unit 1901-02, 19/F, One Peking,
No.1 Peking Road, T.S.T, Hong Kong
Jacky Chan
Group Vice President, President of Australia Office, Head of Corporate
Finance and Investor Relations
HK: (852) 2180 9566
China: (86 20) 3868 6666
Email: [email protected]
IR contacts
Anthony Cheng
Financial Controller
HK: (852) 2180 6981
China: (86 20) 3868 6666
Email: [email protected]
Emma Qi
Senior Corporate Finance Manager
HK: (852) 2180 9566
China: (86 20) 3868 6666
Email: [email protected]
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This presentation was prepared by China Aoyuan Property Group Limited (the “Group” or the “Company”) for reference only. This presentation may not be reproduced or redistributed to any persons without explicit authorization from the Company. Neither the Company nor any of its respective subsidiaries, directors, employees or advisors, directly or indirectly, gives any representation or warranty as to the completeness and accuracy of all the information contained in this presentation (including all forward-looking statements). The information contained in this presentation should be considered in the context of the circumstances prevailing at the time of presentation and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. This presentation contains statements that reflect the Company’s beliefs and expectations about the future. These forward-looking statements are based on a number of assumptions about the Company’s operations and factors which are beyond the Company’s control, and accordingly, actual results may differ materially from these forward-looking statements. The Company does not undertake to revise forward-looking statements to reflect future events or circumstances. The Company expressly disclaims all the liabilities (in negligence or otherwise) for any loss incurred or sustained by the participants of this presentation, their employers, entities, agents or any of their related parties as a result of using the information contained in this presentation. The materials and information in this presentation are for informational purposes only and do not constitute an offer or solicitation for the purchases or sale of any securities or financial instruments or to provide any investment service or investment advice.
Disclaimer
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