Ho Bee Land Limited · SGX:H13
Ho Bee Land — Shareholder Meeting (April 2019)
18 slides from Ho Bee Land's shareholder meeting presentation, Apr 30, 2019
Slide 1: 31st Annual General Meeting
31st Annual General Meeting 30 April 2019 1
Slide 2: Contents
Contents • FY2018 Financial Results 03 • Key Performance Drivers in FY2018 04 • Total Property Investments by Geographical Location 05 • Total Property Investments by Sector 06 • Investment Properties – London 07 • New Investments and Acquisitions in FY2018 09 • China Development Projects 12 • 10-Ye
Slide 3: FY2018 Financial Results
FY2018 Financial Results YoY (S$ Million) FY 2018 FY 2017 change Sales of development properties 17.2 17.5 1.7% Rental income 179.6 147.2 22.0% Other income 134.8 103.0 30.9% Total 331.6 267.7 23.9% Cost of sales, operating exp & net finance costs (110.3) (83.3) 32.4% Share of profits of associates
Slide 4: Key Performance Drivers in FY2018
Key Performance Drivers in FY2018 1 2 3 Strong 7 prime Share of Singapore London office profits from base assets China - FY2018: S$91.4 - FY2018: S$86 associates & million/ 51% of million/ 48% of total total rental income, rental income. Long JVs (Shanghai, Zhuhai anchored by The WALE & tenants of &
Slide 5: Total Property Investments by Geographical Location
Total Property Investments by Geographical Location 10% 1% 13% FY2018: 1% FY2017: 1% Total Total 59% 49% Investments Investments 40% S$5.8 billion S$4.7 billion 27% 40% Singapore PRC Australia UK • Acquired Ropemaker Place during the year • UK contribution increased to 40% from 27% in the previous y
Slide 6: Total Property Investments by Sector
Total Property Investments by Sector FY 2018: FY2017: Total Total 73% 66% 33% Investments 26% Investments S$5.8 billion S$4.7 billion 1% 1% Commercial Residential Industrial 6
Slide 7: Investment Properties – London
Investment Properties – London 39 Victoria Street 60 St Martin’s Lane 67 Lombard Street Apollo & Lunar House 110 Park Street 7
Slide 8: Investment Properties – London
Investment Properties – London 1 St Martin’s Le Grand Ropemaker Place 8
Slide 9: New Investments and Acquisitions in FY2018
New Investments and Acquisitions in FY2018 9
Slide 10: Acquisition of Ropemaker Place, London
Acquisition of Ropemaker Place, London Ropemaker Place Location 25, Ropemaker Street, London EC2 (within walking distance to upcoming Crossrail and Liverpool Street station) Description 21-storey Grade A office building Land tenure Freehold NLA Approximately 602,000sqft Rental income £30.5 million p
Slide 11: Investment into Munich, Germany
Investment into Munich, Germany Correo, Munich, Germany Location Munich, Germany (Adjacent to Munich’s main railway station) Description Office redevelopment Land tenure Freehold Current NLA 45,411 sqm Co- €92 million investment sum 11
Slide 12: China Development Projects
China Development Projects 12
Slide 13: JV Development Projects in China
JV Development Projects in China China Location Shanghai Description 1,470-unit residential development Land tenure 70 years leasehold Ownership 40% interest Units sold 100% sold 13
Slide 14: JV Development Projects in China
JV Development Projects in China China Location Zhuhai Description 3,481-unit residential development (4 phases) Land 70 years leasehold tenure Ownership 20% interest Units 2,300 launched Units sold 2,027 (Dec 2018) 14
Slide 15: JV Development Projects in China
JV Development Projects in China China Location Tangshan Description 2,065-unit residential development (2 phases) Land tenure 70 years leasehold Ownership 40% interest Units 2,065 launched Units sold 1,622 (Dec 2018) 15
Slide 16: 10-Year Financial Summary
10-Year Financial Summary Turnover PATMI EPS NTA NTA/share Dividends ROE FY ($M) ($M) (Cents) ($M) ($) (Cents) (%) 2009 1,098 312 42.4 1,172 1.59 4 30.4% 2010 600 333 45.2 1,476 2.01 4 25.2% 2011 342 203 28.0 1,645 2.34 4 13.0% 2012 473 187 26.7 1,787 2.58 5 10.9% 2013 149 592 87.4 2,331 3.48 8 28.7
Slide 17: FY2018 In Summary
FY2018 In Summary 8.3% improvement in net profit 8.4% Return On Equity Enhance recurring income through acquisition of Ropemaker Place 17
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