Carnival Group International Holdings Limited Company ...€¦ · 6 Mr. King Pak Fu Chairman, CEO & Executive Director Mr. Ambrose Lee, CFA Chief Strategy Officer; Chief Financial

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January 2017

Carnival Group International Holdings Limited

Company Presentation

Disclaimer

1

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Table of Contents

Section 1 - Company Overview P.3

Section 2 - Investment Highlights P. 28

Section 3 - Key Financial Highlights P. 39

2

Company Overview

Section 1

Key Corporate Milestones

4

Early-2010

Rio Carnival (Qingdao)

commenced development

2015

Rio Carnival (Qingdao) project commenced operation

Established Global Star JV (78% indirect interest)

Established Haokaishi JV (68% indirect interest)

Acquired 100% in Nice Race, which owns and operates the “Golden Jaguar” restaurant chain

Sep 2012

Acquired 99.01% in

Carnival

International

Community

(Chengdu) project

May 2012

Changed corporate

name to Carnival

Group International

Holdings Limited

2015

Dec 2013

Mr. King increased

shareholding to

74.68% through

rights issue and

conversion of CBs

Dec 2011

Acquired 60% in

Rio Carnival

(Qingdao)

2010 2011 2012 2013 2014

Nov / Dec 2014

CTBC Life

Insurance and Ping

An Life Insurance

became strategic

shareholders

Mar 2015

Inclusion in Hang

Seng Composite

Mid Cap Index and

SH-HK Stock

Connect

Corporate

Development

Project

Development

Aug 2014

Inclusion in MSCI

Small Cap Index

Mr. King Pak Fu

(Chairman) Other shareholders

Rio Carnival

(Qingdao)

Carnival International

Community, Chengdu

71.43% 28.57%

64% 100%

Carnival Group International (HKSE: 996.HK)

5

Golden Jaguar Haokaishi Global Star Carnival

100% 78% 68%

Organizational Structure

Issuer

Note: As of 31st Dec 2015

6

Mr. King Pak Fu Chairman, CEO & Executive Director

Mr. Ambrose Lee, CFA Chief Strategy Officer; Chief Financial Officer

Ms. Mara Wang Group Vice President – Commercial Asset Management

Over 20 years of experience specializing in retail property

planning, leasing, management and consultancy industry

Previously responsible for the development and management

of E-Da Outlet Mall, Taipei 101, Taichung Mode Mall and

numerous other large commercial projects in Taiwan as the

Regional Director, Head of Retail at Jones Lang LaSalle

Taiwan and a key member of its retail property department in

Asia Pacific from 1993 to 2012

Successful entrepreneur and builder of multiple

successful businesses and companies in the IT, real estate,

consumer, retail, leisure and entertainment industries in

China for over 20 years

Highly experienced in property development, corporate

management and operation

Around 19 years of experience in investment banking and

asset management

Served as Managing Director and Head of Hong Kong

Coverage at BOCI Asia Limited

Qualified Chartered Financial Analyst

Senior Management Team

Mr. Cai Meng Executive Director

Over 30 years of experience in real estate in China

Served as general manager of China Nanshan Development

Limited, deputy general manager of China Merchants Property

Development Co., Ltd., associate director of Hong Kong Sino

Group and executive director of Kerry Development (China)

Limited

Over 10 years of investment banking and accounting

experience in Greater China and North America with global

investment banks and Big Four accounting firms

Qualified Chartered Financial Analyst; Qualified Chartered

Professional Accountant

Ms. Rachel Li, CFA, CPA Joint Company Secretary; General Manager, Capital Markets

Highly Experienced, Professional and International

Management and Operational Team

Mr. Changbin Tang Group Vice President – China Property Development

Over 13 years of management experience in China‟s real

estate industry - at Vanke (000002.SZ) for almost 10 years

Served as Project Development Director of Vanke in Chengdu,

and is now responsible for Carnival‟s property project development

and management in China, including Rio Carnival (Qingdao) and

Carnival International Community (Chengdu)

Veteran in real estate projects marketing and operation

management

Retail

Carnival Group International Holdings Limited

(HKSE: 996.HK)

Theme Park

Conference Hospitality

Rio Carnival

Theme Park

Rio Carnival

Outlets

Grand Carnival

Hotel

Convention

Centre

7

Touring carnival Edutainment

Dining

Golden Jaguar

Haokaishi Global Star

Carnival

The only Chinese Listed Company with a Diverse Portfolio of

Theme-based Leisure and Consumption Businesses

1

2 3

4

Shenyang

Qingdao

Shanghai

Hong Kong

Taiyuan

Beijing

Tianjin

Zhengzhou

Chengdu

Wuhan

Wuxi

Hangzhou

Suzhou

Note: Photos of Rio Carnival (Qingdao) on this page are artists‟ renditions; Company footprint as of 31 Dec 2015

Shenzhen

Value-added

High-end

residential

community

Rio Carnival Global Star Carnival

Haokaishi Golden Jaguar

8

Qingdao Rio Carnival is well located at the center of Tangdao Bay, holding

the rare bay area resources.

Subway stop “Rio Carnival”, to start operating in 2017

30-40 minutes car ride from downtown Qingdao or Liuting Airport through

Sea Tunnel or Bridge

One of the most popular tourist

destinations in China

‒ Population of approx. 9 million, and visitors of approx. 68 million in 2014

‒ 50 million population within 3 hour’s drive

‒ 500 million population within 1 hour’s flight radius

‒ Japan and Korea only 3 hours flight away

One of China‟s “Top 10 Cities for Business

Climate” (Forbes)

One of China‟s six “Golden Cities” for its

investment climate, harmoniousness and

governance (World Bank)

Qingdao – An Overview Rio Carnival – Locations

1 Rio Carnival (Qingdao) : One of the First Large-scale Integrated

Consumption and Tourism Complex in China

1

Vocation tourism, as the core of development of this

area, drives the progress of related industries including

cultural creativity, hotel, exhibition, sports and leisure,

which promote the development of modern service

industry and the formation „blue‟ agglomeration

economy area.

„Blue‟ Tourism

─ Plan world-class yacht club, theme parks, etc.

Cultural Creativity

─ Promote performing arts, film and dramas undertakings

Hotels and Conventions

─ Bring in world-class star hotels. More than 15 hotels are expected to move in the area from 2012

to 2018

Sports and Leisure

─ Endeavour to hold international sports events and actively popularize sports and leisure

International Tourism Island Area Attracts World Famous Hotels to Move In

Golden Beach Realistic Picture Tangdao Bay Realistic Picture

Note: In the upper right picture, the numbers in the parentheses represent the hotel guest room numbers. 9

Rio Carnival (Qingdao) : One of the First Large-scale Integrated

Consumption and Tourism Complex in China (cont’d)

13.02cm 8.47cm 7.47cm 2.33cm 3.33cm 13.13cm

8.91cm

5.99cm

1.19cm

7.31cm

8.61cm

Slide number

07/01/2011 – v35.0

Ferris wheel

Theme Park (Indoor & Outdoor)

Hotel Plaza Carnival

Residential

Carnival Outlets

Exhibition & Performance Center

Ice Skating World

Lego School

- Children's Role Play Center

Jackie Chan

DMAX Cinema

2

RIO CARNIVAL (QINGDAO)

Project Introduction Total Site Area Approximately 350,000 sq. m.

Gross Floor Area Approximately 800,000 sq. m

Number of Parking Spaces Approximately 2,500

Excepted Visitors Approximately 10 million per year

Large-scale integrated project

Themed Restaurant Street Along The River Bank

Dinosaur Museum

THEME PARK PREMIUM OUTLETS

11

Total Site Area: Approximately 350,000 sq. m. Gross Floor Area: Approximately 800,000 sq. m.

One-stop international premium brand

shopping outlets with 170-180 shops

and 230-260 brands

Dynamic shopping, leisure,

recreation, entertainment and

gourmet dining experience

Selected brands:

Indoor and outdoor underwater ocean exploration Main Theme

1

Capacity Planned GFA of 60,000 sq. m.

Annual capacity of 3 million visitors

Features

Indoor family park with multimedia rides and attractions

Outdoor water park with wave pool, lazy river, hot spring and

spa-like facilities

Indoor dynamic thrill park

50+ planned themed recreational facilities including roller

coasters, water worlds, and leisure and entertainment zones

World-class entertainment complex

featuring:

Largest Lego education experience

center in China

One of the largest Jackie Chan

DMAX cinema complexes in China

Ice skating world

Sea-view Ferris wheel

Note: Some photos of the theme park on this page are artists‟ renditions



Hotel Plaza Carnival include:

538 five-star level guest rooms and 499 serviced

apartments

16 multifunction meeting rooms in different sizes,

equipped with advanced meeting infrastructure

to meet the needs of exhibition business

FIVE-STAR HOTELS HIGH-END RESIDENTIAL COMMUNITY

12

High-rise and low-rise apartments, villas, club house, kindergarten and car

parks

Total GFA of 350,000 sq.m.

Facilities such as private club and other amenities to fulfill the needs of our high-end

residents

1

Featuring Golden Jaguar Liyuan Chinese

Restaurant, Qinwan Café, Spa and

aromatherapy, fitness center, swimming

pool and other premium facilities

Note: Some photos on this page are artists‟ renditions

CONVENTION CENTRE

4-storey modern centre designed to hold corporate conventions, weddings, parties

and other catering events and functions

Total planned GFA: c.25,000 sq.m.

Features:

Exhibition/banquet hall with 100+

exhibition booths or 165+ banquet

tables

Dinosaur museum

Auditorium / performance hall

with 5,000 seats



13.02cm 8.47cm 7.47cm 2.33cm 3.33cm 13.13cm

8.91cm

5.99cm

1.19cm

7.31cm

8.61cm

Slide number

07/01/2011 – v35.0

8

RIO CARNIVAL (QINGDAO)

Carnival Outlets

Land area Approximately 89,000 sq. m.

Gross floor area Approximately 130,500 sq. m.

Rental area Approximately 70,000 sq. m.

Number of parking spaces Approximately 1,300

Planned number of shops 170-180

Expected Visitors Approximately 8 – 10 million

International Premium Brand Outlet

Attraction of the City: One-stop International Renowned Brand Outlet

14

Rio Carnival (Qingdao) – Premium Outlets 1

Premium Outlets Shops Opening Status

Shop's status Opened Decoration

completed

Decoration

in process

Shop design

under review

Formal

Contract

Signed

Agreement

signed/formal

contract

under review

Total with

agreement or

formal

contract

Agreement

under review

Conditions of

contract

proposed

Shop location

selected Total

No. of shop 152

（248 brands） 0 2 0 0 1 154 9 9 14 187

Area of shop

（m²） 63,100.6 0 1,964.3 0 0 449.3

65,514.2

4,376.3 4,401.9 6,941.4 81,233.8 (80.6% of total area)

Notes: Opening status as of Dec. 31, 2016.

Trendy shopping boulevard Themed restaurant street Entertainment complex Indoor ice skating rink

Brands Wall

15

1

16

Rio Carnival (Qingdao) – Project Progress (July-2015) 1

17

Rio Carnival (Qingdao) – Project Progress (September-2015) 1

18

Rio Carnival (Qingdao) – Project Progress (November-2015) 1

19

Rio Carnival (Qingdao) – Project Progress (April-2016) 1

20

1 Rio Carnival (Qingdao) – Project Progress (August-2016)

1 Rio Carnival (Qingdao) – Project Progress (December-2016)

21

Rio Carnival (Qingdao) – Theme Park

Total planned GFA approximately 60,000 sq.m.

More than 50 leisure and entertainment integrated

projects including 4D movies, roller coasters, water

worlds and leisure and entertainment zones

Designed capacity of approx. 3 - 3.5 million visitors

annually

Appointed Sanderson, an internationally renowned

design house from Australia, as the overall project

designer, and ProFun Management Group as our

them park operational advisor

Open year round by maintaining comfortable

temperature, offering an indoor family entertainment

center, an indoor and outdoor water park and

dynamic indoor thrill park. These facilities immerse

our visitors in a brand-new experience, creating great

appeal to visitors from Qingdao and Northern China

even in the winter season

Indoor and outdoor theme parks with

ocean exploration as the main theme

22 Note: Photos of the theme park on this page are artists‟ renditions.

1

The hotel project will comprise of:

538 five-star level guest rooms and 499 serviced apartments

16 multifunction meeting rooms in different sizes, equipped with advanced

meeting infrastructure to meet the needs of exhibition business

Featuring Golden Jaguar Liyuan Chinese Restaurant, Qinwan Café, Spa and

aromatherapy, fitness center, swimming pool and other premium facilities

23

Rio Carnival – Hotel Plaza Carnival Qingdao 1

Rio Carnival

Hotel Plaza Carnival Qingdao Total site area approximately 63,000 sq.m.

Gross floor area around 200,000 sq.m.

（including the convention center）

Hotel brand Hotel Plaza Carnival

No. of rooms 1037

No. of car parking approximately 1,270

spaces

Rio Carnival Convention Center is a modern exhibition centre featuring the latest

exhibition, convention and business services and catering and entertainment

functions. Its layout includes a lower level for an exhibition hall for premium product

exhibitions and launch events/press conferences while the upper level will serve as

a multi-function hall.

Features:

Exhibition / banquet hall with 100+ exhibition booths or 165+ banquet tables

Dinosaur museum

Auditorium / performance hall with 5,000 seats

24

Rio Carnival (Qingdao) – Convention Center

Note: Some photos of the convention center on this page are artists‟ renditions.

1

Rio Carnival (Qingdao)

Convention Center Total site area approximately 9,900 sq.m.

Gross floor area around 26,000 sq.m.

No. of car parking approximately 1,270

Spaces

Specialised organiser of large-scale touring carnivals, offering:

Amusement Rides

Large amusement rides of terminal velocity, sports and

physical challenges, medium and small rides of a lighter riding

experience. Provide a safe, fresh and thrilling experience in

recreation and entertainment

Games Booths

Specialised, skilled games with alluring and popular prizes

Cultural Entertainment

Circus, magic and other local and overseas performances

Food and Shopping

Galore of food and merchandises from China and overseas

25

Global Star Carnival : Leading and Highly Specialized

Operator of Touring Carnivals

2

Sponsor Duke Catering Group Limited

Time

Period

Dec 23, 2015 to Mar 28, 2016

Location Hong Kong Kai Tak Cruise Terminal Park

Site area 58,000 sq.m.

Recreation

Facilities

18 amusement rides

15 game booths

Royalles British Thrill Circus

Our First Touring Carnival：

Tung Wah Charity Carnival in HK

26

Discovery Channel, Peppa Pig, The Smurfs, Candy Crush,

Chelsea FC, Liverpool, Automobili Lamborghini, FIFA World Cup, etc

Flagship Shanghai edutainment center

Smurf’s Music English

Haokaishi : Unique Edutainment Business 3

Edutainment business targeting children 3-12 years old:

Educational programs and courses for children using

well-known global brand licenses

Centers with physical premises, initially in the Greater

China region (PRC, Hong Kong, Macau and Taiwan)

and to be expanded to other Asian countries

Key

businesses

Selected

Children

Experience

Centre themes

JV Partner

Bear Grylls Young

Survivor Programme Model Training Camp

Michelangelo

Inspiration Lab K-Pop Dancing Club

Discovery Kids

Curiosity Centre

Strategic Vision

To develop one-stop carnival and themed consumption

experience to take advantage of the increasing spending

power unleashed by the fast growing middle class in

China

By creating tremendous cross-selling opportunities

among the Group’s different businesses, our stable of

brands shall become widely recognised in the lifestyle,

leisure, entertainment, edutainment, retail, hospitality,

travel and dining sectors across China and selected

overseas destinations

Mission of the

Group

Value

Proposition

27

Investment Highlights

Section 2

Co-operation with Internationally Recognised and Reputable Partners with

Track Record of Success

Key Investment Highlights

Well Positioned to Capture the Growing China Tourism Market and

Consumption Trends

One-stop Carnival and Themed Consumption Experience to Attract

Customers Through Integrated Themes

Cash-Based Business Model Providing Strong Cash Flows and

ROE

Strategically-designed Product Mix and Project Locations Across

Major Cities in China and Selected Overseas Destinations

1

2

3

4

5

29

Well Positioned to Capture the Growing China Tourism

Market and Consumption Trends

Tourism industry in China has experienced robust growth and showed significant upside potential

1

30 Source: National Bureau of Statistics (PRC); Qingdao Tourism Board

Qingdao remains one of the favourite destinations for tourists

49.6 55.9

61.6 68.4

72.0

0

20

40

60

80

2011 2012 2013 2014 2015

63.7 75.6

86.6

106.1

127.0

0

20

40

60

80

100

120

140

2011 2012 2013 2014 2015

No. of Tourists in Qingdao (million visits) Revenue from Tourists in Qingdao (RMB bn)

2,641 2,957

3,262 3,611

4,000

0

1,000

2,000

3,000

4,000

2011 2012 2013 2014 2015

1,931 2,271

2,628 3,031

3,430

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2011 2012 2013 2014 2015

No. of Domestic Tourists (million visits) Revenue from Domestic Tourists (RMB bn)

48,086 53,474

58,974 64,070

68,551

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2011 2012 2013 2014 2015


Market and Consumption Trends (cont’d)

Continued economic growth and increased purchasing power drive overall discretionary spending

1

31

Source: National Bureau of Statistics (PRC)

China Nominal GDP (RMB bn)

21,810 24,565

26,955 28,844

31,195

0

10,000

20,000

30,000

2011 2012 2013 2014 2015

Per Capita Disposable Income of Urban Households (RMB)

Outbound travels made by Chinese citizens are also increasing, especially to other Asian cities

70.3 83.2

98.2 107.3

120.0

0

20

40

60

80

100

120

140

2011 2012 2013 2014 2015

No. of Outbound Tourists (million visits) Top 5 Outbound Tourist Destinations (2015)

Source: Euromonitor

Destination Trips / visits (million)

1 Hong Kong 18.0

2 Macau 9.2

3 Thailand 8.0

4 South Korea 6.0

5 Japan 5.0

Others 73.8

Total 120.0



Growth in China’s theme park industry expected to be led by “integrated leisure+” model

Outlet malls in China undergoing explosive growth

1

32

No. of Visitors in Key Theme Parks in Greater China

Note: 1. Total GSP of outlet malls refer to the total revenue of all tenants at the outlets

AECOM also ranked China as a significant market for theme parks, as it is

home to more than half of the top 20 amusement parks in Asia

Pacific, with each attracting 2-4 million visitors annually

Before 2020, Asia-pacific area is expected to become the biggest market

for theme parks world-wide; and China is predicted to surpass the USA

in this field in 2020

“Integrated leisure+” theme parks incorporate various elements that

complement one another, such as theme park, shopping and dining

experiences into the project to drive visitor traffic

“Integrated leisure+” theme parks are expected to gain traction

among Chinese consumers, especially for family travellers as these

parks provide a comprehensive solution

Theme Park City Change 2015 2014

Chimelong Ocean Kingdom Zhuhai +36.0% 7,486,000 5,504,000

Ocean Park Hong Kong -5.2% 7,387,000 7,792,000

Songcheng Park Hangzhou +25.5% 7,289,000 5,810,000

Hong Kong Disneyland Hong Kong -9.3% 6,800,000 7,500,000

Songcheng Park Lijiang Lijiang +170.4% 4,678,000 1,730,000

Changzhou Dinosaur Park Changzhou +6.8% 3,950,000 3,700,000

OCT East Shenzhen +4.2% 3,940,000 3,780,000

Happy Valley Beijing +12.0% 3,740,000 3,340,000

Chimelong Paradise Guangzhou +8.0% 3,619,000 3,351,000

Window of the World Shenzhen -4.4% 3,440,000 3,600,000

平均 +24.4%

Total gross sales proceeds (“GSP”)1 of the outlet industry in

China reaches about RMB100bn in 2015, more than tripled the

value in 2013

For retailers, discount outlets are possibly the best channel to

offload stale inventory

Government‟s anti-corruption campaign boosts outlet

business which shifted luxury retail businesses from regular

shopping stores to outlet malls

Outlet Change 2015 GSP

(RMB bn)

2014 GSP

(RMB bn)

GFA

(m2)

Shanghai Qingpu Bailian +5.0% 4.2 4.0 125,000

Beijing Yansha Outlets -5.3% 3.6 3.8 95,000

Tianjin Florentia Village +30.4% 3.0 2.3 77,000

Shenyang Xinglong Outlets +50.0% 2.1 1.4 150,000

Beijing Scitech Premium +5.0% 2.1 2.0 100,000

Chongqing West Outlets +16.7% 2.1 1.8 80,000

Chengdu Times Outlets +23.5% 2.1 1.7 70,000

Wuhan Panlong Bailian +45.5% 1.6 1.1 92,000

Ningbo Shanjing Outlets +45.5% 1.6 1.1 68,000

Hangzhou Bailian Outlets +33.3% 1.6 1.2 80,000

Average +25.0%

Top 10 Outlet Malls in China in 2015

Source: TEA/AECOM; Euromonitor; Macquarie Research

Source: Soupu Consulting Commercial Real Estate Research Centre

Dining sector in China resumes high growth

Edutainment as a massive market following relaxation of the one-child policy

1

33

Source: CRCCI Research; ChinaIRR.org; iResearch

1,764 2,054

2,328 2,539

2,789

3,231

0

500

1,000

1,500

2,000

2,500

3,000

3,500

2010 2011 2012 2013 2014 2015

Revenue from China’s Dining Sector (RMB bn)

46%

10%

15%

14%

7% 8%

Manufacturing RetailEducation HealthcareCultural/sports/entertainment Others

Source: National Bureau of Statistics (PRC)



The dining industry, in particular, high-end dining sector in China,

experienced tough years starting from 2013, primarily due to the

government‟s anti-corruption policies

There was a shift to focus on middle-income customers in 2013 and

2014, following which signs of recovery were seen in the overall

industry – 16% increase in revenue of the dining sector in 2015

vs 2014

To stay competitive in the middle-income customer market, dining

operators are enriching their product offering, menu and brand

portfolio, as well as deploying O2O marketing strategies

According to data released by ChinaIRR.org and iResearch, China‟s

children education market is projected to reach RMB100 billion in 2016

There were 16.55 million new infants born in 2015, while 79 million

couples were expected to give birth to a second child following

the relaxation of the one-child policy in Oct 2015, which will give a

significant boost to the birth rate in China. Further government policy

relaxation is expected to boost birth rate even higher

Education, cultural, sports and entertainment activities represent an

important proportion of children expenditure for parents and the growth

potential for children edutainment is massive

Breakdown of Children Products

and Services Expenditure in China

One-stop Experiential

Consumption

Travel

Leisure

Dining

Edu-tainment

Business Lifestyle

Enter-tainment

Shopping

Hospitality

One-stop Carnival and Themed Consumption Experience

to Attract Customers Through Integrated Themes 2

34

Integrated and Complementary Themes

Attracts new and repeat customers

by offering them distinctive yet

complementary experience

Increases customers‟ length of

stay, likelihood of visits and return

visits, and allow Company to

capture a greater share of

customers‟ total spending

Creates cross-selling opportunities

among the Group‟s different

businesses

Goals

New businesses – Haokaishi, Golden Jaguar, Global Star

35

Cash-Based Business Model Providing

Strong Cash Flows and ROE

Recoup a significant portion of overall investment through

upfront sale and pre-sale of residential properties

Initial Project Investment and

Capital Expenditure

Sale and Pre-Sale of

Residential Properties

Completion and Commencement of

Operations of Main Project

Stable, recurring cash flows

Diversified revenue streams through theme

park, hotels, outlet shops, dining and

convention centres in Rio Carnival (Qingdao)

project

Most revenue to be generated through cash

and credit card payments

‒ Optimises cash conversion cycle and lowers receivables risk

Predominantly turnover-based rent1

1. For turnover-based rent, we expect to receive directly in our account the cash and credit card payments from the sale of our tenants' merchandise. From such amount, we will deduct an agreed

percentage as rent and management service fees, and remit the balance to our outlet shop tenants every month. We generally set a minimum turnover rent beginning on the third or fourth year of the

relevant tenancy agreement

3

Development of high-end residential

properties adjacent to main project

Able to recoup a significant portion of

overall project investment

Strengthens cash flows, improves liquidity

position and shortens payback period

Increases financial flexibility to fund

current and future projects

Benefit from overall development of

surrounding area as a result of main

project

Existing project - Rio Carnival (Qingdao)

Asset-light, scalable and primarily cash-based new businesses that complement the Rio

Carnival (Qingdao) business model and help to bring faster Return On Equity

Strategically-designed Product Mix and Project Locations

Across Major Cities in China and Selected Overseas Destinations 4

36

Diversification of risks via different locations and business lines

Enormous cross-sell opportunities and synergies across business lines in different locations

Integrated commercial,

residential and tourism

complex in Qingdao

Edutainment business

launched in Shanghai and

Guangzhou. Actively

expanding in the Greater

China region and to be

expanded to other

Asian countries

Touring carnival

successfully been held in

Hong Kong and to be

expanded to China and other

Asian countries

High-end restaurant chain with

presence in 13 major cities

(mainly in Beijing and Shanghai)

Diversified and complementary businesses and

locations

Rio Carnival

project

Haokaishi

Global Star Golden

Jaguar

5

37

Co-operation with Internationally Recognised and

Reputable Partners with Track Record of Success

Commercial architectural

designer

Edutainment partner

Landscape planners and

designers

Hotel interior designers

Hotel management

Touring carnival partner

Our Partners

Working with

internationally,

regionally recognised

and reputable institutions

and teams

Significant contribution to

overall quality of

infrastructure and

operations of our

facilities

Actively seek strategic

cooperation with market

leaders in various sector

both domestically and

abroad

Eurostar Recreation

Development

Theme park planner and

designer

http://www.aecom.com/http://www.wilsonassociates.com/

Key Development Strategies

38

Complete and launch our flagship, Rio Carnival (Qingdao) project 1

Continue to enhance and replicate our one-stop experiential themed consumption business model across other

attractive markets 2

Continue to promote our stable of brands across China and overseas 4

Continue to diversify our business into new sectors 3

Commenced operations in May 2015, will open in phases till mid-2016

Aim for Rio Carnival (Qingdao) to become one of China’s premier tourist destinations

Enhance our one-stop experiential themed consumption business model that generates diversified revenue streams from theme

park, hotels, outlet shopping, dining, edutainment and other primarily cash-based ancillary businesses

Aim to replicate across other attractive markets in Greater China region

Comprehensive marketing strategies and channels to promote our brands, e.g. partnerships with leading tour operators across

China, media interviews by senior executives, press events, launch events, industry research reports, etc.

Aim to establish our stable of brands, including “Carnival”, “Golden Jaguar”, “Haokaishi” and “Global Star”, as the leading

brands in their respective sectors across China and in selected overseas destinations

Continue to expand our product offering portfolio in order to develop a one-stop carnival and themed consumption business to

tap the enormous market powered by the fast-growing middle class in China

Target new business lines that are asset-light, scalable and primarily cash-based, which in turn help to bring faster return on

equity

Key Financial Highlights

Section 3

Key Financial Highlights

Consolidated financial position highlight

40 Source: Audited financial statements and results announcement

Consolidated income statement highlight

17,537

23,020 23,621

-

5,000

10,000

15,000

20,000

25,000

2014 Dec 2015 Dec 2016 Jun

Total assets (HK$ million)

6,614

7,086

7,404

5,000

5,500

6,000

6,500

7,000

7,500

8,000

2014 Dec 2015 Dec 2016 Jun

Total equity (HK$ million)

504 521

-

100

200

300

400

500

600

2015 1st Half 2016 1st Half

Revenue (HK$ million)

269 296

-

50

100

150

200

250

300

350

2015 1st Half 2016 1st Half

Gross Profit (HK$ million)

T H A N K S F O R Y O U R A T T E N T I O N

Thank You！

Carnival Group International Holdings Limited Company ...€¦ · 6 Mr. King Pak Fu Chairman, CEO & Executive Director Mr. Ambrose Lee, CFA Chief Strategy Officer; Chief Financial

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