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Accent 5
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DISCLAIMER
2
These materials may contain projections and forward-looking statements that reflect the Company’s
current views with respect to future events and financial performance. Readers are cautioned not to
place undue reliance on these forward-looking statements, which involve inherent risks, uncertainties
and assumptions. No assurance can be given that actual results will be consistent with these forward-
looking statements. The Company assumes no obligation to update or revise any forward-looking
statements.
These materials are for information purposes only and do not constitute or form part of any invitation or
offer to acquire, purchase or subscribe for any securities or the provision of any investment advice, and
none of them shall form the basis of or be relied upon in connection with any contract, commitment or
investment decision in relation thereto. These materials do not constitute a recommendation regarding
the securities of the Company.
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FINANCIAL HIGHLIGHT
3
USD Million3 RM Million3
2015 2014 Change (%) 2015 2014 Change (%)
Revenue 148.6 165.1 (10.0) 580.4 540.3 7.4
EBITDA1 102.8 56.1 83.2 401.4 183.7 118.5
Adjusted EBITDA2 61.3 65.0 (5.7) 239.4 212.8 12.5
Profit for the year 87.4 37.8 131.2 341.2 123.8 175.6
Adjusted Profit for the year2 45.9 46.7 (1.7) 179.2 152.9 17.2
Profit for the year attributable to
owners of the Company
86.8 35.8 142.5 339.2 117.1 189.7
Adjusted profit for the year
attributable to owners of the
Company2
45.3 44.6 1.6 177.2 146.2 21.2
Contract sales 197.5 206.7 (4.4) 771.7 676.6 14.1
1. EBITDA is calculated by adding finance cost and depreciation and amortization to profit before taxation.
2. Adjusted to exclude (a)USD41.5 million (equivalent to RM162.0 million) of net foreign exchange gain in 2015, (b)USD3.3 million
(equivalent to RM10.7 million) in share-based payment expenses in 2014, (c) USD5.3 million (equivalent to RM17.3 million) Listing
expenses in 2014, and (d) USD0.3 million (equivalent to RM1.1 million) of other expenses relating to the Listing in 2014.
3. The above amounts denominated in RM have been translated into USD at the exchange rates of 3.9064 and 3.2733 for 2015 and 2014,
respectively.
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FINANCIAL HIGHLIGHT
4
206.7 197.5
676.6 771.7
0
200
400
600
800
2014 2015 2014 2015
Am
ou
nt
(Mil
lio
n)
USD
Contract sales
165.1 148.6
540.3 580.4
0
100
200
300
400
500
600
700
2014 2015 2014 2015
Am
ou
nt
(Mil
lio
n)
Decrease 10.0%
Revenue
RM RM USD
Increase in RM terms was primarily due to the increase in sales from
Singapore, and sales contributed from newly launched Nirvana Center Kuala
Lumpur in Malaysia, Thailand and Hong Kong
Increase in revenue are mainly derived from Semenyih and Kulai in
Malaysia.
65.0 61.3
212.8 239.4
0
50
100
150
200
250
300
2014 2015 2014 2015
Am
ou
nt
(Mil
lio
n)
Adjusted EBITDA
44.6 45.3
146.2 177.2
0
50
100
150
200
2014 2015 2014 2015
Am
ou
nt
(Mil
lio
n)
Adjusted profit for the year attributable to
owners of the Company
RM RM USD USD
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166.6 140.4 226.8 203.1 224.7
110.1 133.3
165.9 202.6
300.1 74.7 84.5
77.5 130.8
107.0
72.0 114.7
84.5
91.4
111.7
14.4 22.6
20.6
48.7
28.2
0
100
200
300
400
500
600
700
800
900
2011 2012 2013 2014 2015(R
M 'm
) 437.8
495.5 575.3
676.6
771.7
54.5 45.4 72.0 62.0 57.5
36.0 43.2
52.6 61.7 76.8 24.4 27.4
24.6 39.9 27.4
23.5 37.1
26.8 27.9 28.6
4.7 7.3
6.6
15.2 7.2
0
50
100
150
200
250
2011 2012 2013 2014 2015
(US
D 'm
)
143.1 160.4
182.6
206.7 197.5
SOLID GROWTH IN CONTRACT SALES
Contract sales evolution
Contract sales growth has continued to be robust
Burial plots Niches Tomb design and construction services Funeral services Others
5
Our contract sales increased at CAGR of 8.4% in USD terms, and 15.2% in RM terms, from 2011 to 2015.
The Group’s contract sales decreased by 4.4% in USD terms, but increased by 14.1% in RM terms with growth recorded for all 5 countries that the
Group is operating. The increase in RM terms was primarily due to the increase in sales from Singapore, and the newly launched Nirvana Center
Kuala Lumpur in Malaysia, Nirvana Memorial Park in Thailand and sales office in Hong Kong, China. Lower contract sales in USD terms was due to
the strengthening of USD against RM during 2015.
USD RM
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As-need
16.2%
Pre-need
83.8%
As-need
13.4%
Pre-need
86.6%
6
CONTRACT SALES BREAKDOWN
2014
By need type
2015
By need type
By geography By geography
Malaysia
78.6%
Singapore
16.7%
Indonesia
3.3%
Thailand
1.1%
Hong Kong
0.3%
Malaysia
86.7%
Singapore
9.7%
Indonesia
3.6%
Ex-Malaysia countries’ contribution increased by 8.1 percentage points to 21.4% in 2015.
Pre-need contract sales increased by 2.8 percentage points to 86.6% in 2015.
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139.0 137.8 144.9 177.5 191.1
111.0 115.2 148.8
195.7 201.0 58.5 73.9
83.9
86.8 104.1
33.9 36.9
39.7
43.7
52.4
15.0 19.8
22.9
36.6
31.8
0
100
200
300
400
500
600
700
2011 2012 2013 2014 2015(R
M 'm
)
357.4 383.6
440.2
540.3
580.4
Revenue evolution
SOLID GROWTH IN REVENUE
7
45.4 44.6 46.0 54.2 48.9
36.3 37.3 47.2
59.8 51.5
19.1 23.9
26.6
26.5
26.6 11.1
11.9
12.6
13.4
13.4 4.9 6.4
7.3
11.2 8.2
0
50
100
150
200
2011 2012 2013 2014 2015
(US
D 'm
)
116.8 124.2
139.7
165.1 148.6
Revenue increased at CAGR of 6.2% in USD terms and 12.9% in RM terms from 2011 to 2015.
Revenue for 2015 rose by 7.4% despite 14.1% growth in contract sales primarily due to contract sales from Nirvana Center Kuala Lumpur and
substantial amount of contract sales from Singapore which have not been recognised as revenue in 2015.
Lower revenue in USD terms was mainly due to the strengthening of USD against RM.
Burial plots Niches Tomb design and construction services Funeral services Others
USD RM
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Malaysia
83.6%
Singapore
12.1%
Indonesia
4.1% Hong Kong
0.2%
Malaysia
85.2%
Singapore
11.0%
Indonesia
3.8%
As-need
18.4%
Pre-need
81.6%
As-need
18.9%
Pre-need
81.1%
8
2014
By need type
2015
By need type
By geography By geography
REVENUE BREAKDOWN
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Burial plots 30.0%
Niches 29.9%
Tomb design and construction
19.3%
Funeral services 13.5%
Others 7.3%
9
2014
By contract sales
2015
By contract sales
By revenue By revenue
BUSINESS SEGMENT
Burial plots 32.8%
Niches 36.2%
Tomb design and construction
16.1%
Funeral services
8.1%
Others 6.8%
Burial plots 32.9%
Niches 34.7%
Tomb design and construction
17.9%
Funeral services
9.0%
Others 5.5%
Burial plots 29.1%
Niches 38.9%
Tomb design and construction
13.9%
Funeral services 14.5%
Others 3.6%
Accent 5
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Text
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Accent 1
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Highlight
(209,33,48)
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(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
Lower contract sales and ASP in USD terms YoY was primarily due to the strengthening of USD against RM. However, in RM terms:
(i) Contract sales increased by 10.6% YoY, primarily contributed by (1) higher sales from (a) Bukit Mertajam and Kulai in Malaysia, and (b)
Indonesia, and (2) the newly launched (a) Nirvana Memorial Park in Thailand, and (b) sales office in Hong Kong, China.
(ii) ASP per sq.m increased by 1.8% YoY largely due to increase in ASP from Semenyih in Malaysia and Indonesia, but partly offset by
lower ASP in Thailand during the initial product launch before the site is ready for interment. Excluding Thailand, ASP per sq.m would
have grown by 3.6% YoY.
BURIAL SERVICES – BURIAL PLOTS
10
Offer single, double, family-sized and garden lot burial plots in our cemeteries
54.5
45.4
72.0
62.0 57.5
675 629
694 686
585
0
200
400
600
800
0
20
40
60
80
100
2011 2012 2013 2014 2015
Contract Sales (USD ’m) ASP per sq.m (USD)
80,635 72,182 103,737 90,501 Sq.m.
sold
Per sq.m. ASP (USD)
54.5 45.4
72.0
27.1
675 629 694 686
0
200
400
600
800
0
50
100
150
2011 2012 2013 1H 2014
Note : ASP means average sales price
80,635 72,182
166.6
140.4
226.8 203.1
224.7
2,066 1,945
2,186 2,244 2,284
0
500
1,000
1,500
2,000
2,500
0
50
100
150
200
250
300
2011 2012 2013 2014 2015
Contract Sales (RM ’m) ASP per sq.m (RM)
98,368 103,737 90,501 98,368
USD RM
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BURIAL SERVICES - NICHES
11
36.0 43.2
52.6
61.7
76.8
6.7 6.7 6.2
7.0 6.2
0
2
4
6
0
20
40
60
80
100
2011 2012 2013 2014 2015
Offer single, double and family-sized niches in our columbarium facilities
Contract Sales (USD ‘m) ASP per unit (USD '000)
5,391 6,471 8,513 8,850 Unit
sold
Per sq.m. ASP (USD)
54.5 45.4
72.0
27.1
675 629 694 686
0
200
400
600
800
0
50
100
150
2011 2012 2013 1H 2014
12,365 5,391
8
110.1 133.3
165.9 202.6
300.1
20.4 20.6 19.5
22.9 24.3
0
5
10
15
20
25
30
0
100
200
300
400
500
2011 2012 2013 2014 2015
6,471 8,513 8,850 12,365
Contract Sales (RM ‘m) ASP per unit (RM '000)
USD RM
• The Group sold 12,365 niches in 2015, an increase of 39.7% YOY.
• Contract sales increased by 24.5% in USD terms and 48.1% in RM terms YoY, largely attributed to sales growth from Singapore and the
newly launched Nirvana Center Kuala Lumpur in Malaysia.
• Lower ASP in USD terms YoY was primarily due to the strengthening of USD against RM, however in RM terms, ASP for niches increased
by 6.0% YoY primarily due to a higher sales contribution from the Group’s columbarium in Singapore which has a higher ASP.
Accent 5
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Text
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Accent 1
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Accent 4
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Accent 6
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74.7 84.5
77.5
130.8
107.0 1,432
1,733
1,433
1,967 2,046
0
400
800
1,200
1,600
2,000
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015
12
TOMB DESIGN AND
CONSTRUCTION
Offer standard and personalized tomb design and construction packages
24.4 27.4
24.6
39.9
27.4
451
561
472
601
524
0
100
200
300
400
500
600
700
0
10
20
30
40
50
60
70
80
2011 2012 2013 2014 2015
Contract Sales (USD ‘m) ASP per sq.m (USD)
BURIAL SERVICES –
54,125 48,771 52,118 66,474 Sq.m.
sold 54,125 48,771 52,299 52,118 66,474 52,299
Contract Sales (RM ‘m) ASP per sq.m (RM)
USD RM
• Lower contract sales primarily due to higher promotion activities for pre-need tomb construction in 2014 in conjunction with the auspicious
Chinese Lunar Year in 2014.
• ASP per sq.m increased by 4.0% YoY primarily due to higher ASP per sq.m from Semenyih in Malaysia.
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Accent 6
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4,054 6,428 4,439 4,617 Cases
sold 4,054 6,428 5,610 4,439 4,617 5,610
13
We provide integrated premium funeral services that include funeral consultation and planning, transportation, embalming, cosmetology and
preparation for viewing, cremation and funeral ceremonies
23.5
37.1
26.8 27.9 28.6
5.8 5.8 6.0 6.0
5.1
0
1
2
3
4
5
6
7
0
10
20
30
40
50
60
70
80
2011 2012 2013 2014 2015
Contract sales & ASP per funeral services
Contract Sales (USD ‘m) ASP per case (USD '000)
Funeral services
FUNERAL SERVICES
72.0
114.7
84.5 91.4
111.7
17.7 17.9 18.9 19.6 19.9
0
5
10
15
20
25
0
20
40
60
80
100
120
140
160
180
2011 2012 2013 2014 2015
Contract Sales (RM ‘m) ASP per case (RM '000)
USD RM
• The Group sold 5,610 funeral services packages in 2015, an increase of 21.5% YOY.
• Contract sales from funeral services increased by 22.2% YoY mainly due to higher sales from as-need funeral services.
• Higher ASP by 1.4% YoY primarily due to increase in ASP of as-need funeral service.
Accent 5
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Text
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Accent 4
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Accent 6
(69,132,133)
76.7 84.8
97.2
116.4 112.4
65.6 68.3 69.6 70.5
75.7
0
10
20
30
40
50
60
70
80
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015
Gross profit (USD 'm) Gross margin (%)
EXPANDING GROSS PROFIT MARGINS We enjoy premium pricing for our products and services through a combination of market leadership,
recognized brand and quality services
14
(%)
• Gross profit margin increased by 5.2 percentage points from 70.5% for 2014 to 75.7% for 2015 was primarily
due to :
(i) higher margin following the acquisition of tomb construction and design business in March 2015
(ii) economies of scale achieved from higher land utilization, and
(iii) better cost management for the funeral services segment.
• Lower gross profit YoY in USD terms was primarily due to the strengthening of USD against RM.
(US
D ‘
m)
Accent 5
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(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
15
SELLING & DISTRIBUTION EXPENSES
BREAKDOWN
18.8% 16.8% 13.3%
14.1% 13.6%
3.2% 2.7%
2.7%
3.0%
2.9%
3.3%
3.4% 2.7%
3.6%
5.1%
1.5%
0.8% 0.9%
1.1%
1.2%
0.8%
0.7% 0.8%
1.0%
0.8%
0
10
20
30
40
2011 2012 2013 2014 2015
(US
D 'm
)
USD35.0m
USD31.9m
USD30.5m
USD37.5m
USD34.9m
Total as %
of revenue 30.0% 25.7% 21.8% 22.8%
Commissions Incentives Promotion and others
Advertising and newsletter Event and function
The selling and distribution expenses to revenue increased by 0.7 percentage point from 22.8% for 2014 to 23.5%
for 2015. The increase in promotion expenses to revenue is primarily due to certain expenses in connection with the
newly-launched cemeteries in Thailand and Nirvana Center Kuala Lumpur in Malaysia which cannot be deferred in
proportion to contract sales not recognized as revenue during the year.
(% represents % of revenue for the year)
23.5%
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
ADMINISTRATIVE EXPENSES BREAKDOWN
16
Administrative expenses reduced by USD1.6 million, or 5.4%, from USD30.4 million for 2014 to USD28.8 million for
2015, primarily due to one-off share-based payment expenses of USD3.3 million in relation to pre-Listing employees
share rights scheme, which were fully vested in 2014. The increase in staff cost in 2015 was mainly due to the
integration of work force from the newly acquired tomb design and construction business in March 2015.
Staff cost
Administrative and general Depreciation and amortization Others
(% represents % of revenue for the year)
18.0% 18.4% 15.8% 18.4%
10.0% 9.6% 9.7% 9.2%
11.4%
4.5% 5.4%
1.7%
3.7%
3.7%
1.6%
1.6% 1.5%
1.3%
1.2%
2.2%
3.1%
0
5
10
15
20
25
30
35
2011 2012 2013 2014 2015
(US
D 'm
) 1.9%
1.9%
USD30.4m
1.8%
USD21.0m USD22.9m
USD22.1m
2.0%
USD28.8m
Employee share right scheme
Total as %
of revenue
1.0%
19.4%
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
EXPANDING EBITDA MARGINS
17
Adjusted EBITDA1,2
We enjoy premium pricing for our products & services through a combination of market leadership,
recognized brand and quality services
31.1
43.9
55.0
65.0 61.3
26.6
35.3
39.4 39.4 41.2
0
5
10
15
20
25
30
35
40
45
0
10
20
30
40
50
60
70
80
90
2011 2012 2013 2014 2015
EBITDA (USD 'm) EBITDA margin (%)
(%)
95.1
135.6
173.3
212.8
239.4
26.6
35.3
39.4 39.4 41.2
0
5
10
15
20
25
30
35
40
45
0
50
100
150
200
250
300
2011 2012 2013 2014 2015
EBITDA (RM 'm) EBITDA margin (%)
(%)
USD RM
Notes:
1 Adjusted to exclude (a) USD41.5 million (equivalent to RM162.0 million) of net foreign exchange gain in 2015, (b) USD3.3 million (equivalent to RM10.7 million) in share-
based payment expenses in 2014, (c) USD5.3million (equivalent to RM17.3 million) Listing expenses in 2014, (d) USD0.3million (equivalent to RM1.1 million) of other
expenses relating to the Listing in 2014.
2 EBITDA is calculated by adding finance cost and depreciation and amortisation to profit before taxation.
• As a result of the foregoing, EBITDA margin improved to 41.2% from 39.4% YoY, and registered a CAGR of
18.5% and 30.0% in USD and RM terms respectively between 2011 and 2015
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
19.5
30.7
34.7
44.6 45.3
16.7
24.7 24.8 27.0
30.5
0
5
10
15
20
25
30
35
0
10
20
30
40
50
60
70
2011 2012 2013 2014 2015
Profit for the period (USD 'm) margin (%)
EXPANDING NET PROFIT MARGINS
18
Adjusted profit for the period attributable to owners of the Company1 (“Adjusted Profit”)
Notes:
1 Adjusted to exclude (a) USD41.5 million (equivalent to RM162.0 million) of net foreign exchange gain in 2015, (b) USD3.3 million (equivalent to RM10.7 million) in share-
based payment expenses in 2014, (c) USD5.3million (equivalent to RM17.3 million) Listing expenses in 2014, (d) USD0.3million (equivalent to RM1.1 million) of other
expenses relating to the Listing in 2014.
2 Income tax expenses divided by adjusted PBT 1
We enjoy premium pricing for our products and services through a combination of market leadership,
recognized brand and quality services
(%)
59.6
94.8 109.3
146.2
177.2
16.7
24.7 24.8 27.0
30.5
0
5
10
15
20
25
30
35
0
50
100
150
200
250
300
2011 2012 2013 2014 2015
profit for the period (RM 'm) margin (%)
(%)
• The Adjusted Profit margin increased by 3.5 percentage points to 30.5% in 2015, primarily due to (i)
improved gross profit margin, (ii) lower effective income tax rate2, and (iii) lower non-controlling interest in
Singapore pursuant to the take-over of the remaining shareholding in September 2014.
• Lower growth in Adjusted Profit in USD terms was mainly due to the strengthening of USD against RM.
USD RM
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
PRUDENT CASH FLOW MANAGEMENT AND
SOLID FINANCIAL PROFILE
Net cash from operating activities
Solid cash flow generation & a strong balance sheet provides flexibility for debt financing in the future
Gearing ratio1 Net cash/(debt)2
Notes:
1 Gearing Ratio = Net Debt/Total Equity
2 Net Debt = Total bank borrowings – Bank Balances and Cash and cash equivalents
27.2
37.6 37.8
21.1
-5.4 (10)
(5)
0
5
10
15
20
25
30
35
40
2011 2012 2013 2014 2015
(US
D 'm
)
177.5
31.1
5.9
0
40
80
120
160
200
2011 2012 2013 2014 2015
(%)
NIL NIL
-22.2 -10.6 -3.4
214.8
183.6
(50)
0
50
100
150
200
250
2011 2012 2013 2014 2015
(US
D 'm
)
In 2015, higher net cash used in
operating activities was primarily
attributable to payment for land
acquisitions and premium in relation to
increase in built-up capacity in
Singapore totalling USD28.5 million.
As at December 31, 2015, excluding
the restricted cash amount of USD5.6
million held under the pre-need funeral
service contract and maintenance
service contract’s trust account, the
Group had total fixed deposits, bank
balances and cash, and financial
instruments classified under financial
assets through P&L of USD235.0
million and a bank borrowing of
USD46.0 million.
Net cash decreased from 2014 to
2015 primarily due to the payment for
land acquisition and premium in
relation to increase in built-up
capacity in Singapore.
19
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
WORKING CAPITAL OVERVIEW
Trade receivables turnover days1 Trade payables turnover days2
Notes:
1 Trade receivables turnover days are calculated by dividing the arithmetic mean of the opening and ending balance of trade receivables for the period by revenue in that period
and then multiplying by the number of days within the period.
2 Trade payables turnover days are calculated by dividing the arithmetic mean of the opening and ending balance of trade payables for the period by cost of sales and services in
that period and then multiplying by the number of days within the period.
96 106
116
133
159
0
20
40
60
80
100
120
140
160
180
2011 2012 2013 2014 2015
65
80 91
116
162
0
20
40
60
80
100
120
140
160
180
2011 2012 2013 2014 2015
The increase was primarily due to an increasing number
of clients electing for longer installment payment periods.
To manage the increasing trade receivables, the
Company has further incentivized sales agents to
promote shorter installment periods to customers.
As a result of installment payment, revenue is discounted
at an effective interest rate ranging 6.8% to 13.5% (2014:
8.5%) per annum.
The increase was in line with the increase in trade
receivables turnover period as payment to certain land
owners of cemeteries in Malaysia were made after the
Group collected payments from customers.
20
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
In addition to strengthening our market leadership in home
markets, we are also actively pursuing expansion
opportunities in China, Vietnam, Thailand and Indonesia.
DEVELOPMENT UPDATE
21
In November 2015, the Group entered into a JV
agreement with Klang Kwong Tung Association to
develop a columbarium cum funeral homes in Klang
city centre.
This project is targeted to commence sale in the
second half of 2016.
Klang
P. 153, 154, 177
Existing cemeteries and columbarium facilities
In May 2015, the approved
capacity of our columbarium has
increased from 11,000 sq.m to
43,000 sq.m
In January 2016, the lease
expiry date of our columbarium
was extended from August 2029
to August 2098
Singapore 2
In Febuary 2015, the Group
commenced construction of a
funeral parlour cum columbarium
complex
Approximately 100,000 double
niches equivalent
Sales commenced in April 2015
Estimated completion by end of
2017.
Nirvana Center Kuala Lumpur
Malaysia 1
c
a
1
2
Future new site
In October 2015, the Group acquired approximately
66.8 hectares of land, adding the total land banks
owned by the Group in the same district to 100
hectares.
We target to commence sale in the second half of
2016.
Kuala Selangor b
Sites under development
In March 2015, the Group acquired the downstream
business of tomb design and construction from its tomb
contractor.
Others d
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
Indonesia
DEVELOPMENT UPDATE
22
In November 2015, we commenced sales of
Huizhou’s cemetery product and services via
our sales office in Hong Kong
Hui Zhou, China/ Hong Kong
In July 2015, we entered into an
agreement with a local land owner to
develop a parcel of land at Dong Nai
Province
We target to commence sales in the
first half of 2017
Total Area: approximately 40.5
hectares
Dong Nai Province, Vietnam
In May 2015, started selling burial
plots on a pre-need basis at our
cemetery near Bangkok
Acquired additional lands measuring
2.7 hectares adjacent to existing site
Total Area: approximately 39.4
hectares
Banbueng, Thailand
Acquired 27 hectares of land and in the process
of acquiring further 23 hectares of land and
obtaining approval to commence selling
Tangerang, Jakarta
3
6
4
5
3
a
5
P. 153, 154, 177
Note
1 Absolute numbers represent double burial plots equivalent and double niches equivalent
Existing cemeteries and columbarium facilities
Sites under development
Future new sites
4
In September 2015, our Group entered into a
conditional sale and purchase agreement to
acquire 63 parcels of lands measuring
approximately 75.2 hectares in Medan to
develop a cemetery with a local partner
Target to commence sales in 2Q of 2016
Medan b
6
Accent 5
(140,181,92)
Text
(26,83,163)
Accent 1
(26,83,163)
Accent 3
(31,73,125)
Highlight
(209,33,48)
Accent 2
(149.188.207)
Accent 4
(104,172,186)
Accent 6
(69,132,133)
OUR CEMETERIES AND COLUMBARIUM
23
As of December 31, 2015:
• The Group had approximately 3.0 million sq.m of net saleable burial land available for
sale as burial plots and available for future development (excluding cemetery land of
400,000 sq.m in Vietnam), and approximately 400,000 units of niches for sales.
• For the year under review, the Group acquired approximately 2.0 million sq.m of land for
cemetery development and has received formal approval from the relevant authority to
expand the built-up capacity of its columbarium in Singapore from 11,000 sq.m to 43,000
sq.m. As a result, Nirvana Singapore will have an unsold niches capacity of
approximately 70,000 units.
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