City Developments Limited · SGX:C09
City Developments — Shareholder Meeting (April 2009)
15 slides from City Developments's shareholder meeting presentation, Apr 29, 2009
Slide 1: Creating a Greater Affinity – Annual General Meeting
CREATING A GREATER AFFINITY 29 April 2009 ANNUAL GENERAL MEETING PRESENTATION OUTLINE 1. PERFORMANCE REVIEW 2. OPERATIONS REVIEW 3. MOVING FORWARD IN 2009 * Artist’s Impression of The Arte 1
Slide 2: Performance Review: The Economy
PERFORMANCE REVIEW ; ; * Artist’s Impression of Livia PERFORMANCE REVIEW The Economy Singapore’s GDP (2004 – 2009*) 11% 8.8% 7.9% 7.7% 9% 7% Annual GDP Growth 6.6% 5% 3% 1.2% 1% -2% -4% -6% -9.0% to - 6.0%* -8% 2004 2005 2006 2007 2008 2009 * * Projected by MTI (as at 14 Apr 09) Source : MTI website
Slide 3: Singapore Property Market
PERFORMANCE REVIEW Singapore Property Market Property Price Index – Residential (2004 – Q1 2009) 200 Q1 08 Q2 08 All Residential Q4 07 177.2 177.5 Q3 08 180 173.7 Q4 08 170.8 162.8 160 Q1 09 140 140.3 120 100 80 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 04 04 04 04 05 05 05 05 0
Slide 4: Revenue and Summary of Financial Highlights
PERFORMANCE REVIEW Revenue for the Year Ended 31 Dec 08 3,500 3,106 2,945 3,000 2,547 2,326 2,380 2,374 2,500 2,289 $ million 2,000 1,500 1,000 500 0 2002 2003 2004 2005 2006 2007 2008 Year Note : The above financial information is extracted from yearly announcements. PERFORMANCE REVIEW Summary of F
Slide 5: 10-Year Financial Highlights
PERFORMANCE REVIEW 10-Year Financial Highlights 1999 2000# 2001# 2002 2003 2004# 2005 2006 2007 2008 Revenue $2,015m $2,626m $2,227m $2,289m $2,326m $2,380m $2,374m $2,547m $3,106m $2,945m Profit before tax $513m $546m $139m $243m $214m $503m $404m $692m $955m $834m PATMI $383m $287m $54m $151m $152
Slide 6: Residential Launches and Iconic Landmarks Completed
OPERATIONS REVIEW Residential Launches Livia Shelford Suites Artist’s impressions OPERATIONS REVIEW Iconic Landmarks Completed St. Regis Residences, Singapore The Sail @ Marina Bay Parc Emily 6
Slide 7: Commercial Developments: City Square Mall, Tampines Grande
OPERATIONS REVIEW Commercial Developments City Square Mall 700,000 sq ft 250 shops Artist’s impressions OPERATIONS REVIEW Commercial Developments Tampines Grande 300,000 sq ft Artist’s impressions 7
Slide 8: Tampines Concourse and Land Bank by Sector
OPERATIONS REVIEW Commercial Developments Tampines Concourse 108,000 sq ft Artist’s impressions OPERATIONS REVIEW Land Bank by Sector (as at 31 Dec 2008) Type of Development Land Area (sq ft) % Residential (Local & Overseas) 3,054,423 72 Commercial / Hotel 739,597 17 Industrial 462,818 11 TOTAL 4,25
Slide 9: Hotels – Millennium & Copthorne Hotels plc
OPERATIONS REVIEW Hotels – Millennium & Copthorne Hotels plc (M&C) Twin strategies of being a hotel owner and operator • Hotel owner – capitalise on hotel assets value over time or through natural appreciation of real estate value • Hotel operator – cash generation capability Millennium Airport Hote
Slide 10: Singapore's First Islamic MTN Programme; Green Building and CSR
OPERATIONS REVIEW Pioneering Singapore’s First Islamic MTN Programme • Pioneered the issuance of Singapore’s first Sukuk-Ijarah unsecured financing agreement, under a S$1 billion Islamic Multi- Currency Medium Term Notes (MTN) Programme. • In January 2009, CDL successfully issued the first tranche a
Slide 11: Planned Residential Project Launches for 2009
MOVING FORWARD * Artist’s Impression of The Quayside Isle @ Sentosa Cove MOVING FORWARD Planned Residential Project Launches for 2009 (subject to market conditions) Projects Units Livia (Total 724) 150 * The Arte at Thomson (Total 336) 250 ** The Quayside Isle @ Sentosa Cove (Total 228) 100 Former H
Slide 12: Livia and The Arte at Thomson
MOVING FORWARD Livia Pasir Ris Grove 724 units Artist’s impression of Livia Livia Show Suite MOVING FORWARD The Arte at Thomson Freehold Condominium 336 units Artist’s impression of The Arte The Arte Show Suite 12
Slide 13: The Quayside Isle and Commercial Outlook
MOVING FORWARD The Quayside Isle @ Sentosa Cove Artist’s impression 228 units MOVING FORWARD Commercial • Continue to renew existing tenancies and attract new tenants to its buildings. • Well positioned with a diversified portfolio that caters to different tenant mix and requirements. City Square Ma
Slide 14: Hotel Operations and Strong Positioning of Singapore
MOVING FORWARD Hotel Operations • M&C will focus on cash conservation and profit protection to mitigate the global downturn. Millennium Chengdu • More hotel properties are due to open between 2009 and 2011. • M&C will continue with its tough, prudent and analytical management approach. Artist’s impr
Slide 15: Thank You
Disclaimer: This document may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions