Oxley Holdings Ltd. · SGX:5UX
Oxley — Investor Presentation (November 2013)
43 slides from Oxley's investor presentation, November 2013
Slide 1: Oxley Holdings Limited
Oxley Holdings Limited November 2013
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. This document
Slide 3: Group Overview
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 3
Slide 4: Overview of Oxley Holdings Limited
Overview of Oxley Holdings Limited Overview Price Performance of Oxley Holdings Limited Profile • Property development company 0.40 specialising in the development of quality residential, commercial and industrial projects at competitive 0.35 prices • Developments usually located in prime areas with
Slide 5: Key Management
Key Management Ching Chiat Kwong Chief Executive Officer • Possesses more than 15 years of industry experience • Responsible for the overall performance as well as the formulation of the corporate strategies and direction of the Group • Invested in, developed and successfully launched 13 Singapore r
Slide 6: Management Reporting Structure
Management Reporting Structure BOARD OF DIRECTORS Ching Chiat Kwong Executive Chairman & CEO Judy Ching Chiat Dee General Manager Project Administration Finance Department Department Department Slide 6
Slide 7: Strategy & Plans
Strategy & Plans Residential Maintain a sustainable land bank for a development pipeline of 3-5 years Participate in government land sales (GLS) tenders for larger sites, with a focus on vibrant and accessible districts Explore potential acquisitions, joint-ventures or strategic-alliance oppor
Slide 8: Land Acquisition Criteria
Land Acquisition Criteria Location Prime areas and easily accessible by public transport Environment Potential for inclusion of amenities to inject vibrancy into the vicinity Typical tenure Residential: freehold / 999 yrs Industrial: 30 – 60 years Commercial: freehold Slide 8
Slide 9: Investment Merits
Investment Merits Responsiveness to changing trends Short investment-to-sale cycle Focus on core competency • design, construction and sales activities outsourced to professionals Established relationships and extensive network Experienced and committed management team with more than 10 ye
Slide 10: Group Overview
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 10
Slide 11: Operations Review: Launched Projects
Operations Review Launched Projects o Residential o Industrial o Commercial Slide 11
Slide 12: Summary of Launched Projects
Summary of Launched Projects Residential No. of units Land Area GFA Expected No Project Name Tenure (residential / Sold (%) (sq ft) (sq ft) TOP shops) 1 Loft@Holland FH 41 / 0 12,099 17,004 100% 2013 2 Loft@Stevens FH 44 / 0 13,972 20,329 100% TOP 3 Suites@Braddell FH 33 / 0 11,927 16,699 100% 2014
Slide 13: Summary of Launched Projects
Summary of Launched Projects Industrial No. of units Land Area GFA Sold Expected No Project Name Tenure (industrial / (sq ft) (sq ft) (%) TOP shops) 1 Oxley Bizhub 60 yrs 728 / 0 375,158 937,825 99% TOP 2 Oxley Bizhub 2 60 yrs 271 / 0 133,237 333,092 99% TOP 3 Arcsphere FH 19 / 0 10,882 27,223 100%
Slide 14: Launched Projects – Residential
Launched Projects – Residential Parc Somme Suites @ Katong Loft @ Rangoon Loft @ Holland 62 Somme Road 263 Tanjong Katong Road 113 Rangoon Road 151 Holland Road Acquisition Date Dec 2009 Acquisition Date Dec 2009 Acquisition Date Feb 2010 Acquisition Date May 2010 Launch Date Apr 2010 Launch Date Ap
Slide 15: Launched Projects – Residential
Launched Projects – Residential Vibes@Kovan Loft@Stevens Vibes@East Coast Viva Vista 93 Kovan Road 68 Stevens Road 308 Telok Kurau Road 3 South Buona Vista Road Acquisition Date May 2010 Acquisition Date Jun 2010 Acquisition Date May 2010 Acquisition Date Jun 2009 Launch Date Jan 2011 Launch Date Fe
Slide 16: Launched Projects – Residential
Launched Projects – Residential Devonshire Residences Presto@Upper Serangoon Vibes@Upper Serangoon RV Point 55 Devonshire Road 528 Upper Serangoon Road 488 Upper Serangoon Road 233 River Valley Road Acquisition Date Apr 2010 Acquisition Date Oct 2010 Acquisition Date Oct 2010 Acquisition Date Feb 20
Slide 17: Launched Projects – Residential
Launched Projects – Residential Suites@Braddell The Promenade@Pelikat Oxley Edge Midtown Residences / The Midtown 56 Braddell Road 183 Jalan Pelikat 308 River Valley Road 1189 Upper Serangoon Road Acquisition Date Oct 2010 Acquisition Date May 2011 Acquisition Date Nov 2010 Acquisition Date Jun 2012
Slide 18: Launched Projects – Residential
Launched Projects – Residential NEWest KAP Residences / KAP Floraville 1 & 3 West Coast Drive Singapore 9 & 11 King Albert Park 2 Cactus Road Acquisition Date May 2012 Acquisition Date Oct 2012 Acquisition Date Mar 2012 Launch Date May 2013 Launch Date May 2013 Launch Date Aug 2013 Tenure 956 years
Slide 19: Launched Projects – Industrial
Launched Projects – Industrial Oxley BizHub Oxley BizHub 2 Arcsphere 61/63/65/67/69/71/73 Ubi Road One 62 Ubi Road One 124 Lor 23 Geylang Road Acquisition Date Aug 2010 Acquisition Date Feb 2011 Acquisition Date Dec 2010 Launch Date Apr 2011 Launch Date Oct 2011 Launch Date Sep 2011 Tenure 60 years
Slide 20: Launched Projects – Industrial
Launched Projects – Industrial The Commerze@Irving Eco-tech@Sunview 1 Irving Road Sunview Road Acquisition Date Jun 2011 Acquisition Date Oct 2012 Launch Date Feb 2012 Launch Date Aug 2013 Tenure 60 years Tenure 30 years Gross Floor Area (sq ft) 126,263 Gross Floor Area (sq ft) 758,126 Light Industr
Slide 21: Launched Projects – Commercial
Launched Projects – Commercial The Flow Oxley Tower Robinson Square 66 East Coast Road 138 Robinson Road 144 Robinson Road Acquisition Date Mar 2012 Acquisition Date Sep 2010 Acquisition Date Dec 2010 Launch Date Jun 2013 Launch Date Apr 2012 Launch Date Nov 2011 Tenure Freehold Tenure Freehold Tenu
Slide 22: Operations Review: Pipeline Projects
Operations ReviewReview Operations Pipeline Projects o Residential o Industrial o Commercial o Overseas Land Parcels Slide 22
Slide 23: Projects in Pipeline - Domestic
Projects in Pipeline - Domestic Residential No. of units Land Area GFA Expected No. Project Name Tenure (residential / shops) (sq ft) (sq ft) Launch 1 Floraview / Floravista FH 90/28 61,666 92,253 2013 2 The Rise@Oxley FH TBC 25,630 107,648 2013 3 339 – 339C Joo Chiat Road FH TBC 6,383 11,475 2014 I
Slide 24: Projects in Pipeline - International
Projects in Pipeline - International Malaysia Land Parcels Land Area Group’s Expected No Project Name Tenure (sq m) Stake Launch 6 Plot B3 & B5 Iskandar, Johor 99 years 17,280 100% TBC No. Hakmilik 354,Lot 904, Bt 6 Jalan Damansara, Mukim Sungai 7 Freehold 20,234 100% TBC Bulah, Daerah Petaling, Neg
Slide 25: Projects in Pipeline - International
Projects in Pipeline - International China Land Parcels Land Area Group’s Expected No Project Name Tenure (sq m) Stake Launch Parcel 1, Xuancheng Economic & Technical Development Zone, 15 Until Mar ‘82 102,506 10% TBC Anhui Province Parcel 2, Xuancheng Economic & Technical Development Zone, 16 Until
Slide 26: Projects in Pipeline – Residential
Projects in Pipeline – Residential Property Name Floraview / Floravista Location 1/3/5/7 Ang Mo Kio Street 66 Type Mixed Residential & Commercial Development Acquisition Date March 2012 Expected Launch 4th Quarter 2013 Tenure Freehold Land Area (sq ft) 61,666 Gross Floor Area (sq ft) 92,253 Resident
Slide 27: Projects in Pipeline – Residential
Projects in Pipeline – Residential Property Name The Rise@Oxley Location 71 / 73 / 73A Oxley Rise Type Mixed Residential & Commercial Development Acquisition Date May 2012 Expected Launch 4th Quarter 2013 Tenure Freehold Land Area (sq ft) 25,630 Gross Floor Area (sq ft) 107,648 Residential Units TBC
Slide 28: Projects in Pipeline – Residential
Projects in Pipeline – Residential Property Name TBC Location 339 – 339C Joo Chiat Road Type Mixed Residential & Commercial Development Acquisition Date April 2012 Expected Launch 2014 Tenure Freehold Land Area (sq ft) 6,383 Gross Floor Area (sq ft) 11,475 Residential Units TBC Shop Units TBC Land P
Slide 29: Projects in Pipeline – Commercial / Hospitality
Projects in Pipeline – Commercial / Hospitality Property Name TBC Location 30 Stevens Road Type Mixed Hotel & Commercial Development Acquisition Date March 2013 Tenure 103 years leasehold Land Area (sq ft) 198,889 Gross Floor Area (sq ft) 318,222 Hotel Units TBC Shop Units TBC Land Price S$318 milli
Slide 30: Projects in Pipeline – Industrial
Projects in Pipeline – Industrial Property Name TBC Location Plot 3, Tampines Industrial Crescent Type Industrial Acquisition Date September 2012 Tenure 30 years leasehold Land Area (sq ft) 417,643 Gross Floor Area (sq ft) 709,263 Light Industrial Units TBC Land Price S$55 million Group’s Stake 70%
Slide 31: Projects in Pipeline – Residential (Cambodia)
Projects in Pipeline – Residential (Cambodia) Property Name The Bridge Location Phum #14, Sangkat Tonle Bassac, Khan Chamkarmoun, Phnom Penh Capital, Kingdom of Cambodia Type Mixed Residential & Commercial Development Acquisition Date N/A Expected Launch TBC Tenure Freehold Land Area (sq m) 10,152 G
Slide 32: Projects in Pipeline – Residential (UK)
Projects in Pipeline – Residential (UK) Property Name The Royal Wharf Location North Woolwich Road, London, United Kingdom Type Mixed Residential & Commercial Development Acquisition Date November 2013 Expected Launch TBC Tenure Freehold & Leasehold Land Area (sq m) 149,734 Gross Floor Area (sq m) 3
Slide 33: Group Overview
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 33
Slide 34: Comprehensive Income
Comprehensive Income Financial Year Ended (Unaudited) First Quarter Ended Consolidated (S$’000) (Audited) (Audited) 30-Jun-12 30-Jun-13 %U 30-Sep-12 30-Sep-13 %U Revenue 159,368 457,693 187% 50,035 685,955 1271% Gross Profit 39,152 138,437 254% 11,414 328,103 2775% Operating Profit * 33,531 130,642
Slide 35: Financial Position
Financial Position As At Consolidated (S$’000) (Audited) (Audited) (Audited) (Unaudited) 30-Jun-11 30-Jun-12 30-Jun-13 30-Sep-13 Cash & Cash Equivalents 112,652 205,135 436,460 637,705 Development Properties 720,822 1,019,110 1,293,471 1,011,876 Total Assets 856,117 1,605,440 2,676,401 2,981,499 Cur
Slide 36: Key Financial Ratios
Key Financial Ratios (Audited) (Audited) (Audited) (Unaudited) Consolidated ($’000) 30-Jun-11 30-Jun-12 30-Jun-13 30-Sep-13 Gross Margin 34.8% 24.6% 30.2% 47.8% Operating Margin 26.4% 21.0% 28.5% 45.4% Net Margin (Profit After Tax) 20.6% 14.9% 22.7% 36.7% EBITDA / Interest Expense 24.8x 8.2x 15.5x 7
Slide 37: Steadily Delivering Financial Performance
Steadily Delivering Financial Performance Steady Growth in Revenue, Profit and Profitability S$’000 500,000 457,693 450,000 400,000 350,000 300,000 250,000 200,000 159,368 150,000 130,642 122,733 100,000 70,850 50,000 33,531 29,500 18,716 17,962 0 FY2011 FY2012 FY2013 Revenue Operating Profit NPBT S
Slide 38: Strengthening Asset Base and Financial Condition
Strengthening Asset Base and Financial Condition Expanding Asset Base and Stable Financial Condition S$’000 Slide 38
Slide 39: Outlook and Strategies
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 39
Slide 40: Outlook - Residential
Outlook - Residential Impact of Property Cooling Measures Group’s Position Anti-speculation measures may cap near- Effects of the latest bout of cooling measures term demand on Group’s position is partially mitigated as most projects in its portfolio are fully sold Additional Buyer’s Stamp Dut
Slide 41: Outlook - Industrial / Commercial
Outlook - Industrial / Commercial Key Demand Drivers The good take-up rates on the Group’s industrial projects are driven by the following factors:- Low interest rate environment Choice locations and key lifestyle elements and amenities Wider market reach as a result of lower price quantum as
Slide 42: Outlook - Hospitality
Outlook - Hospitality Key Demand Drivers Continued growth in visitor arrivals driven by Singapore’s reputation:- As a safe leisure destination, with an annual line-up of international sports, arts and entertainment events In providing world-class medical facilities and services Of a corrupti
Slide 43: Thank You
Oxley Holdings Limited Thank You
Oxley Holdings — Investor Presentation (November 2013) on 6ix