Wee Hur Holdings Ltd. · SGX:E3B
Wee Hur — Investor Presentation (May 2026)
36 slides from Wee Hur's investor presentation, May 12, 2026
Slide 1: General Announcement: Corporate Presentation
GENERAL ANNOUNCEMENT::CORPORATE PRESENTATION Issuer & Securities Issuer/ Manager WEE HUR HOLDINGS LTD. Securities WEE HUR HOLDINGS LTD. - SG1W55939399 - E3B Stapled Security No Announcement Details Announcement Title General Announcement Date &Time of Broadcast 12-May-2026 17:22:48 Status New Announ
Slide 2: Corporate Presentation May 2026
CORPORATE PRESENTATION May 2026
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Wee Hur Holdings Ltd (“Wee Hur” or the “Group”) for information purposes only and does not constitute or form part of any offer, invitation or solicitation, whether in Singapore or any other jurisdiction nor should this presentation or any part of it
Slide 4: Agenda
AGENDA 01 BUSINESS OVERVIEW 02 FINANCIAL PERFORMANCE 03 WORKER DORMITORY 04 CONSTRUCTION 05 OUTLOOK 3
Slide 5: Wee Hur Holdings at a Glance
WEE HUR HOLDINGS AT A GLANCE S$ 606.7M S$ 0.71 0.94 Market capitalization# NAV per share* Price / book# #as of 31 Mar 2025 | *as of 31 Dec 2025 KEY BUSINESS SEGMENTS MULTI-ASSET INVESTMENT HOUSE WITH REAL ESTATE HERITAGE Singapore Properties Development & Investment Construction & Property Developme
Slide 6: FY2025 Performance
FY2025 PERFORMANCE Growth driven by strong performance across core segments +47% YoY 293.3 Construction (+19.9% YoY) Increase in revenue mainly due to recognition 41.8 of work completed in FY2025. 224.8 215.9 200.8 Property Development (+83.1% YoY) 188.6 92.7 36.8 59.1 Driven by progressive revenue
Slide 7: Workers' Dormitory
NULL Ren bar es NUE MASSAGE a WRUREEE TOSREReEeL EERE | ave a vale SA ' ee | ae ae
Slide 8: Portfolio Structure
PORTFOLIO STRUCTURE Scaling workers’ dormitory portfolio to grow recurring revenue, demand driven by Singapore’s construction boom TUAS VIEW DORMITORY ^ PIONEER LODGE ^ NUMBER OF BEDS Operational since 2014 Operational since Q1 2026 Capacity y-o-y +66% 10,500 3,144 15,744 15,744 15,744 No. of Beds:
Slide 9: Revenue Model and Operations
REVENUE MODEL AND OPERATIONS Short-cycle leasing for pricing flexibility, anchored by an experienced operating partner REVENUE MODEL OPERATING MODEL Recurring rental income across both assets Joint venture structure INCOME STRUCTURE WEE HUR TS GROUP 1-year leases give pricing flexibility through the
Slide 10: Outlook and Positioning
OUTLOOK AND POSITIONING A recurring-income platform with resilient demand, experienced partnerships and strong growth ahead MARKET OUTLOOK RESILIENT DEMAND QUALITY UPGRADE SUPPLY PIPELINE 566,800 construction workers ~900 dormitories to be upgraded to 5 new government PBD sites (Dec 2025) 1 NDS by 2
Slide 11: Construction
CONSTRUCTION
Slide 12: Construction Expertise Across Asset Class
CONSTRUCTION EXPERTISE ACROSS ASSET CLASS Deep building know-how is our competitive edge in delivering dormitory assets at speed and lower cost PROJECT TYPES OUR COMPETITIVE EDGE Public and Private residential Construction expertise powers dormitory development HDB BTO and Estate Renewal projects, P
Slide 13: Building Pioneer Lodge Through a Regulatory Shift
BUILDING PIONEER LODGE THROUGH A REGULATORY SHIFT Adapting from old to new dormitory standards mid-project, while protecting time and capital 2019 2020 Jan 2024 Apr 2025 1Q 2026 Project commenced Halted Construction restarted Phase 1 occupied Full operation Old dormitory standards NDS and DTS introd
Slide 14: Working with Stakeholders Across the Asset Lifecycle
WORKING WITH STAKEHOLDERS ACROSS THE ASSET LIFECYCLE Building with the architect, consultants and operator delivers faster execution and better long-term performance PHASE 01 PHASE 02 PHASE 03 DESIGN AND APPROVAL CONSTRUCTION AND HANDOVER OPERATIONS AND LIFECYCLE Design coordination Builder perspect
Slide 15: Thank You
THANK YOU We welcome your questions and look forward to your continued support 26
Slide 16: Outlook
OUTLOOK
Slide 17: Forward Momentum
01 CAPITALISE ON SINGAPORE’S CONSTRUCTION BOOM Record high construction book of S$935 million with capacity to scale 67% increase in workers’ dormitory capacity to meet growing demand FORWARD 02 GROW RECURRING INCOME PLATFORMS • Ramp up workers’ dormitories with Pioneer Lodge • Progress Wycombe Abbe
Slide 18: Appendix
APPENDIX I
Slide 19: FY2025 Highlights
FY2025 HIGHLIGHTS 4
Slide 20: The Year in Review: Three Defining Milestones
THE YEAR IN REVIEW THREE DEFINING MILESTONES PBSA FUND I MAIDEN MTN CAPITAL MONETISATION PROGRAMME RECYCLING A$375M S$500M AU & SG • Net cash proceeds received from • Group's debut in Singapore debt Singapore disposal of the PBSA Fund I portfolio capital markets. • Upper Thomson GLS (596 units) to G
Slide 21: Key Financial Highlights FY2025
KEY FINANCIAL HIGHLIGHTS FY2025 Revenue Adjusted Net Profit* S$295M S$106M +47% year-on-year +130% year-on-year FY2024: S$200.8M FY2024: S$45.8M –excl. fair value & one-offs PATMI Gross Profit Margin Total Assets S$68M 46% S$1.22B +27% year-on-year +4.7 ppt improvement From S$1.03B FY2024: S$54.0M F
Slide 22: Corporate History
CORPORATE HISTORY 1980 - 2022 | Foundation & Scaling Wee Hur was founded 1980 AU Property SG Property Development & Alternative Development Investment Investment 2009 2014 2021 Listed on SGX Main Workers’ Dormitory PBSA Fund Fund I Exit to GIC Board Management 2013 2022 2008 2017 SG New Investment M
Slide 23: Investment Properties – Education & Hospitality
INVESTMENT PROPERTIES – EDUCATION & HOSPITALITY Upcoming projects with strategic partnerships to expand recurring income WYCOMBE ABBEY SCHOOL (SINGAPORE) HOTEL MIRAMAR (DOUBLETREE BY HILTON) • Co-developed with BE Education Group. • Maiden investment in Singapore hospitality sector. • Premium K–12 c
Slide 24: Residential Property Development – Upper Thomson
RESIDENTIAL PROPERTY DEVELOPMENT – UPPER THOMSON NEW GLS PROJECT UPPER THOMSON ROAD (PARCEL A) • GLS site secured for mixed-use development • 596 residential units • Commercial space + early childhood development centre • Adjacent to Springleaf MRT and nature reserve 596 Q4’26 H1’27 RESIDENTIAL UNIT
Slide 25: Construction: Record High Order Book
CONSTRUCTION Record high order book driven by HDB project wins Awards Construction Order Book Project Completion Timeline* 935.0 6.3 Bartley Vue 2Q 2026 Mount Vernon 4Q 672.5 Funeral Parlour 2026 6.3 Teochew Building 3Q 2027 928.7 1Q Wycombe Abbey 2028 School 666.2 275.0 263.3 240.2 4Q 106.3 108.3 H
Slide 26: Australia
AUSTRALIA
Slide 27: Development Properties - Australia
DEVELOPMENT PROPERTIES - AUSTRALIA Expanding land banks and securing Development Approvals to capture long-term Australian housing demand Park Central Brisbane (Mixed-use)1 DA approval obtained in 2024 but are looking to refine this approval in 2026 Cryna (I, II, III) Projects2 DA approval aimed
Slide 28: Student Accommodation Portfolio - Australia
STUDENT ACCOMMODATION PORTFOLIO - AUSTRALIA Capturing opportunity through an asset light model to expand recurring income PBSA Portfolio UniLodge Park Central 9 6,779 Properties Total Beds Y Suites on Gibbons Y Suites on Regent Y Suites on Margaret Fund I1 13% Stake Y Suites on Moore Fund II 30% Sta
Slide 29: Fund Management
FUND MANAGEMENT I 12
Slide 30: Fund Management – PBSA
FUND MANAGEMENT – PBSA Proven ability to deliver returns while positioning for larger-scale growth Fund management platform driving recurring fee income and scalable growth through an asset-light model Management Fee Development Fee Performance Fee Fund I Exit Fund II 409 30% Beds Sponsor Stake A$1.
Slide 31: Geopolitical Risks
GEOPOLITICAL RISKS
Slide 32: Proactive Risk Management in an Uncertain Environment
PROACTIVE RISK MANAGEMENT IN AN UNCERTAIN ENVIRONMENT The following reflects the group's current assessment and mitigation posture across all business segments. EXPOSURE & MONITORING STRUCTURAL PROTECTIONS IN OUR OUTLOOK • Construction margins remain PLACE • Underlying demand across broadly stable,
Slide 33: Key Operational Highlights FY2025
KEY OPERATIONAL HIGHLIGHTS FY2025 Successfully Recycled Capital from the Australian PBSA Fund Launched Pioneer Lodge Dormitory to Become the 2nd Largest Dormitory Operator in Singapore S$299.6M 26,244 beds Net proceeds — Fund I partial exit Total capacity — one of Singapore's largest PBWA portfolios
Slide 34: FY2025 Performance
FY2025 PERFORMANCE Performance across core business segments strengthened despite absence of Fund I contributions S$'000 FY2025 FY2024 YoY Change Gross Margin Revenue 295,439 200,794 47% Boosted by the one-time performance fee from the partial disposal of units in Fund I, as well as contributions fr
Slide 35: Strong Financial Position
STRONG FINANCIAL POSITION Healthy liquidity and debt headroom to fund strategic opportunities Strong cash position with capacity to grow Medium Term Note Programme • Healthy cash balance due to issuance of MTN & partial-disposal of Fund I • Significant debt headroom to support reinvestment into its
Slide 36: Key Growth Drivers 2026 & Beyond
KEY GROWTH DRIVERS 2026 & BEYOND WORKERS’ DORMIOTRY INVESTMENT PROPERTY TVD Lease Renewal Discussions with JTC DoubleTree by Hilton (344 rooms) Opens Progressing Positively Ahead of October 2026 September 2026, Generating Recurring Room Expiry Revenue with Divestment Optionality PROPERTY DEVELOPMENT