updated in december 2020

仁恒置地集团有限公司

Yanlord Land Group Limited

(Company No. 200601911K)

Stock Code：Z25.SI

www.yanlordland.com

Updated in December 2020

Company

Factsheet

ABOUT YANLORD

01

Yanlord Land Group Limited (Z25.SI) is a real estate developer focusing on developing high-end

fully-fitted residential, commercial and integrated property projects in strategically selected key and

high-growth cities in the People’s Republic of China (“PRC”) and Singapore. Yanlord Land Group

Limited was listed in June 2006 on the Mainboard of the Singapore Exchange. As at 31 December

2019, the Group’s total asset was approximately RMB129.9 billion. Building on its established track

record for developing high-end residential property developments in prime locations within affluent

areas such as Shanghai and Nanjing since its foray into the PRC property market in 1993, the

“Yanlord” name has been developed into a premium brand synonymous with quality in the property

development industry. Typically, Yanlord residential property developments are characterised by

large-scale, multi-phased projects designed and built by international architects, leading designers

and reputable contractors.

INVESTMENT HIGHLIGHTS

⚫ Speeding up replicating high-quality projects to accelerate sales growth: Leveraging on its

strong brand equity and product quality, Yanlord has been replicating its high-quality development

projects in tier 1 & 2 cities of the PRC to accelerate sales growth and expand market share. The

Group together with its joint ventures and associates recorded a total contracted pre-sales from

residential and commercial units, and car parks of approximately RMB55.7 billion in 2019 and

RMB29.8 billion in the first half of 2020, representing a year-on-year increase of 116% and 65%,

respectively.

⚫ High quality landbank and saleable resources in tier 1 & 2 cities of the PRC: As of 30 June

2020, over 90% of projects under development and landbank are concentrated in tier 1 & 2 cities of

the PRC, such as Shanghai, Shenzhen, Nanjing, Hangzhou and Suzhou, which upgrade demand

and sped-up urbanisation bring strong demand.

⚫ Strong accumulated contracted pre-sales pending recognition in second half of 2020 and

beyond: As of 30 June 2020, the Group together with its joint ventures and associates recorded an

accumulated contracted pre-sale of RMB75.779 billion pending recognition in the second half of

2020 and beyond.

⚫ Expanding through collaboration with world renowned investors: Yanlord and an affiliate of

GIC Private Limited signed an investment agreement of up to RMB7 billion to embark on new co-

investment in residential projects in the PRC.

⚫ Sufficient liquidity to strive for quality growth: Based on unaudited financial statements as of

30 June 2020, the Group’s cash and cash equivalents was RMB14.665 billion, an increase of 6.1%

compared to the end of 2019, average cost of borrowings remains at 5.4%. Yanlord signed a

US$1.1 billion syndicated loan facility in August 2020 with a syndicate of 24 leading local and

international banks and financial institutions across Asia, reflecting continued confidence and

support to the Group from the financial sector.

Yanlord Gardens

Shanghai仁恒滨江园上海




Stock Code：Z25.SI

www.yanlordland.com

Business Information

Bohai

Rim

Yangtze

River

Delta

Greater

Bay AreaHainan

Landbank distribution* – PRC** and Singapore

Yangtze River Delta

50.1%

Greater Bay Area

17.9%

Bohai Rim 19.0%

Hainan 6.0%

Western China 3.9%

Central China 1.5% Singapore

1.6%

Notes:

*As of 30 June 2020

**Cities are classified based on the list of tiered Chinese cities on baike.baidu.com.

Distribution of Contracted Pre-sales - 1H 2020

ChengduWuhan

Sanya Haikou

Zhuhai Shenzhen

Shanghai

Suzhou

Nanjing

Nantong

Hangzhou

Tianjin

Tangshan

JinanYancheng

Western

China

Shenyang

Taicang

Singapore

Geographic Coverage in 18 cities in the PRC and Singapore

Central

China

02

Total gross floor area

(“GFA”) in PRC:

9.856 million square

metres (“sqm”)

Total GFA in Singapore:

270,000 sqm

Tier 1 and New Tier 1

78.7%

Tier 213.5%

Tier 36.2%

Singapore 1.6%

Nanjing 26.6%

Suzhou 24.7%

Hangzhou 9.4%

Nantong 9.7%

Zhuhai 3.2%

Shenzhen 13.1%

Tianjin 7.1%

Singapore 1.9%Others 4.3%

Yangtze

River

Delta: 70.7%(including

Shanghai 0.3%)

Greater Bay

Area: 16.3%

Market

Presences

Currently, Yanlord has an

established presence in 18

key high-growth cities

within the 6 major economic

regions of the PRC, namely,

(i)Yangtze River Delta

– Shanghai, Nanjing, Suzhou,

Hangzhou, Nantong,

Yancheng and Taicang;

(ii) Bohai Rim

– Tianjin, Tangshan, Jinan

and Shenyang;

(iii) Greater Bay Area

– Shenzhen, Zhuhai and

Zhongshan;

(iv) Hainan

– Haikou and Sanya;

(v) Western China

– Chengdu; and

(vi) Central China

– Wuhan.

Zhongshan




Stock Code：Z25.SI

www.yanlordland.com

Residential Developments

- Architects and Product Design

03

Residential

Developments

Large-scale, multi-phased projects designed and built by international

architects, leading designers and reputable contractors

Yanlord Phoenix Hill, Nanjing

凤凰山居南京

Canal Times, Suzhou

运河时代花园苏州

Four Seasons Heming

Gardens, Suzhou

四季和鸣雅园苏州

The Corals, Hangzhou

珊瑚世纪雅园杭州Hangzhou Bay, Hangzhou

前湾江上湾杭州

Jingan Century, Shanghai

璟安悦庭上海

Smriti Curtilage, Suzhou

耦前别墅苏州




Stock Code：Z25.SI

www.yanlordland.com

Shanghai Curtilage, Shanghai

海和院上海

*Some are artist impression images

04

Residential

Developments

Premium brand

synonymous with quality

High-end fully-fitted

residential developments




Stock Code：Z25.SI

www.yanlordland.com

05

Premium property

management services

Residential

Developments

Greenery landscape with

club houses & sport

facilities, kids and pets

playgrounds




Stock Code：Z25.SI

www.yanlordland.com

Investment

and

Hotel

Properties

Investment Property Portfolio and Hotel Properties

in the PRC

06

Since 2003, Yanlord has been developing high-quality commercial and

integrated properties, such as shopping malls, offices, serviced

apartments and hotels in the PRC for investment and recurring income

generating. As of 30 June 2020, the portfolio includes:

• Hotels: 728 rooms

• Serviced Apartments: 570 rooms

• Shopping Malls and Office Buildings:

• Chengdu Yanlord Landmark;

• Chengdu Hengye International Plaza;

• Tianjin Yanlord Riverside Plaza; and

• Zhuhai Marina Centre.

Crowne Plaza Sanya Haitang Bay Resort

三亚海棠湾仁恒皇冠假日度假酒店A 5-star Hotel (404 rooms)

Total GFA: 79,264 sqm

Yanlord International Apartments,

Tower A, Nanjing

仁恒国际公寓, A栋, 南京Serviced Apartment (210 rooms)


Yanlord Riverside Plaza, Tianjin

仁恒海河广场, 天津Office, Retail Mall & Commercial Street


Yanlord Landmark, Chengdu

仁恒置地广场, 成都Office, Retail & Serviced Apartment (360 rooms)





Stock Code：Z25.SI

www.yanlordland.com

Yanlord Marina Centre, Zhuhai

仁恒滨海中心, 珠海Office & Retail


InterContinental Zhuhai

珠海仁恒洲际酒店A 5-star Hotel (324 rooms)


Singapore

Portfolio

UE BizHub TOWER

(Freehold) Office

UE BizHub CITY

(Also known as UE

Square) Office

Park Avenue

Clemenceau

Serviced Apartment:

150 rooms

UE Square Shopping Mall

(Part of UE BizHub CITY)

Retail

Park Avenue

Robertson

Serviced Apartment:

36 rooms

Park Avenue

Rochester

Serviced Apartment:

351 rooms

Rochester Mall

Retail

07

Investment Properties – Office Buildings and Shopping Malls

UE BizHub WEST

(Freehold)

Industrial & Office

In Singapore, Yanlord successfully completed the acquisition of then another Singapore

Exchange listed company - United Engineers Limited (“UEL”) in February 2020, taking it

private and integrating into the Group. UEL (founded in 1912) and its subsidiary, WBL

Corporation Limited (founded in 1906), are companies with a history that extends more

than a hundred years. UEL is one of Singapore’s pioneer companies and played an

integral role in the country’s property development industry since the colonial period.

Through the acquisition of UEL, Yanlord currently holds a high-quality property portfolio in

the country, including UE BizHub CITY, UE BizHub TOWER, UE BizHub WEST,

Rochester Mall, Park Avenue Rochester and Park Avenue Robertson.

Serviced Apartments: 537 Rooms

Leedon Green

Residential Development

(a joint venture with MCL

Land Limited)

Dairy Farm Residences

Residential Development

Residential Developments




Stock Code：Z25.SI

www.yanlordland.com

Analysts & Media Contact:

Michelle SzeHead of Investor Relations Phone: (852) 2861 0608 [email protected]

Krystal XuInvestor Relations Associate Phone: (65) 6336 [email protected]

Top 10 Shareholders*

08

Other

Information

Corporate Governance Structure

⚫ Board of Directors: Total 9 Directors

• 5 Independent Non-Executive Directors (“INED”)

• 4 Executive Directors (“ED”)

⚫ Audit Committee: Chaired by INED, all 5 members are

INEDs

⚫ Risk Management Committee: Chaired by INED,

3 members are INEDs and 1 member is ED

⚫ Nominating Committee: Chaired by INED,

3 members are INEDs and 1 member is ED

⚫ Remuneration Committee: Chaired by INED,

all 4 members are INEDs

Name Percentage (%)

Yanlord Holdings Pte. Ltd. 66.19

DBS Nominees (Private) Limited 8.23

Citibank Nominees Singapore Pte Ltd 5.69

UOB Kay Hian Private Limited 3.69

DBSN Services Pte. Ltd 2.25

Morgan Stanley Asia (Singapore) Securities Pte

Ltd2.04

Raffles Nominees (Pte.) Limited 1.61

BPSS Nominees Singapore (Pte.) Ltd 1.59

DB Nominees (Singapore) Pte Ltd 0.89

HSBC (Singapore) Nominees Pte Ltd 0.79

(RMBmn) 1H 2020 1H 2019 FY 2019 FY 2018

Contracted Pre-

sales**29,773 18,040 55,704 25,774

Year on Year

Change (%) 65% - 116% -

Revenue 9,117.1 7,711.9 18,666.4 24,888.0

Cost of sales (5,841.8) (4,127.4) (10,982.7) (13,432.7)

Gross Profit 3,275.2 3,584.5 7,683.6 11,455.3

GP Margin (%) 35.9% 46.5% 41.2% 46.0%

Profit attributable

to owners of the

Company

492.9 1,188.4 3,350.5 3,544.6

Basic EPS (RMB

cents)25.52 61.52 173.46 183.51

Financial

Position

30 Jun

2020

30 Jun

2019

31 Dec

2019

31 Dec

2018

Total Asset 137,616.5 109,072.9 129,895.3 106,680.8

Total Equity 38,467.4 34,096.2 39,907.3 32,878.6

Total Debt 48,611.2 39,154.0 45,770.4 42,135.2

Cash and Cash

Equivalents14,664.6 16,940.0 13,817.6 10,317.4

Net Debt 33,946.6 22,214.1 31,952.8 31,817.8

Net Gearing Ratio 88.2% 65.2% 80.1% 96.8%

Dividend per share

(SGD cents) - - 6.80 6.80

Dividend Payout

Ratio- - 19.8% 18.2%

Net Asset Value

per share (RMB)14.56 13.21 14.62 12.96

Financial Highlights

Credit Rating Date

S&P Global BB- Negative 30 Sept 2020

Moody’s Ba2 Negative 16 Nov 2020

Substantial Shareholders*

Held by Yanlord Holdings Pte. Ltd. and Zhong

Sheng Jian (substantial shareholders) 70.35% ***

Held by public Approx. 27%

*Source: 2019 Annual Report as of March 16, 2020

***This percentage is computed based on total no. of issued ordinary shares excluding treasury shares, and

round up to two decimal points.

**Including contracted pre-sales from the Group together with its joint ventures and associates.

Disclaimer & NoticeThe information contained in this document has been prepared based on information available to the Company, includinginformation derived from public sources, which has not been independently verified. No representation or warranty, express orimplied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reliability or correctness of suchinformation, conclusions or opinions contained herein. The information contained in this document should be considered in thecontext of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developmentswhich may occur after the date of this document. Neither Company nor any of its respective affiliates, advisers or representativesshall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or itscontents or otherwise arising in connection with this document. This document may contain statements that reflect the Company’sbeliefs and expectations about the future. These statements are based on a number of assumptions about the Company’soperations and factors beyond the Company’s control, and accordingly, actual results may differ materially from these statements.The Company does not undertake to revise these statements to reflect future events or circumstances.




Stock Code：Z25.SI

www.yanlordland.com

updated in december 2020

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