Tuan Sing Holdings Limited · SGX:T24
Tuan Sing — Shareholder Meeting (2023)
39 slides from Tuan Sing's shareholder meeting presentation, 2023
Slide 1: Cover
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Slide 2: Disclaimer
TUAN SING HOLDINGS LIMITED Disclaimer This presentation and the information contained herein does not constitute or form any part of and should not be constructed as any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities
Slide 3: CEO Presentation
Slide 4: FY2022 Financial Performance
WY TUAN SING HOLDINGS LIMITED FY2022 Financial Performance ($’m) FY2022 FY2021 Chg (%) Revenue 225.3 248.7 (9) Gross profit 86.9 70.1 24 Adjusted EBIT 52.7 40.0 32 Profit before tax & fair value adj 0.4 87.5 (100) Profit before tax 0.7 84.1 (99) Profit after tax 2.8 81.8 (97) Net profit attributable
Slide 5: FY2022 Financial Performance by Business Segments
WY TUAN SING HOLDINGS LIMITED FY2022 Financial Performance by Business Segments Revenue ($M) Adjusted EBIT ($'M) 248.7 25.3 40.0 318 30.5 28.5, 6. 19.1 85.5 | 917917 59.2 56.156.0 as il [] = = (10. (3.4\7.1) = =~ Lz Hospitality Group Total Hospitality Group Total Real Estate Investment Real Estate D
Slide 6: FY2022 Financial Performance
WY TUAN SING HOLDINGS LIMITED FY2022 Financial Performance ($’m) Total Assets Total Liabilities Total Borrowings Cash and Bank Balances Shareholders’ Funds NAV per share (cents) Gross Gearing Net Gearing 31.12.22 2,657.0 1,432.2 1,278.2 252.0 1,223.3 100.4 1.04x 0.84x 31.12.21 Chg (%) 2,764.3 1,499.
Slide 7: Dividend Record
i TUAN SING HOLDINGS LIMITED Dividend Record STRONG DIVIDEND TRACK RECORD FYO9 FY10 Fy11 FY12 Ml Gross payout (S'000) FY13 FY14 Fy1S FY16 —== Cumulative payout ($'000) FY17 Fy18-FY19 FY20 == Dividend per share (cent) Fy21 FY22 0.1 0
Slide 8: CEO Presentation
Slide 9: Business Updates
WY TUAN SING HOLDINGS LIMITED Business Updates * Real Estate Investment ¢ Real Estate Development ¢ Hospitality ° Industrial Services ¢ Other Investments
Slide 10: Singapore
ti TUAN SING HOLDINGS LIMITED SINGAPORE Description Awards Location Tenure Type Net Lettable Area Average Occupancy Rate for FY22 Valuation Selected Tenants (") 28-storey Grade A commercial building in the heart of CBD 6 basement Automated Guided Vehicle carpark TOP obtained in January 2019 New York
Slide 11: Singapore: Link@896
WY TUAN SING HOLDINGS LIMITED SINGAPORE Link@896 Site at 870 Dunearn Road 5-storey commercial building on the largest plot of commercial land of 13,089 square metres along Bukit Timah Road and Description connected to King Albert Park MRT Additions & Alterations (A&A) commenced in 2019 to reposition
Slide 12: Australia
WY TUAN SING HOLDINGS LIMITED AUSTRALIA & Carpark, Mel Commercial Ce: * Inthe “Paris End” of Collins Street in Melbourne’s Central Business District within Grand Hyatt Melbourne complex * 3 flagship luxury boutique retail tenancies fronting Collins Description Street, 2 retail tenancies fronting the
Slide 13: The Grand Outlet, East Jakarta
Artist's Impression The Grand Outlet — East Jakarta will be a world-class luxury outlet mall featuring international luxury brands GRANDOUTL Description Eee Developed together with our Joint Venture partner Mitsubishi Estate Asia, the luxury mall will have approximately 180 shop units Karawang, a fa
Slide 14: Business Updates
ith TUAN SING HOLDINGS LIMITED Business Updates Real Estate Investment Real Estate Development Hospitality Industrial Services Other Investments 14
Slide 15: Singapore
ti TUAN SING HOLDINGS LIMITED SINGAPORE i i ,, , Description er an) ‘ - a ! ng ot Tr lye at Equity Interest Location Tenure Planned GFA Total Units AI - = Mul af Launch Date Units Sold/Booked Completion Date Within North Coast Innovation Corridor, a short drive to Woodlands Regional Centre and Pungg
Slide 16: Singapore: Mont Botanik Residence and Peak Residence
ith TUAN SING HOLDINGS LIMITED SINGAPORE Mont Botanik Residence Description Equity Interest Location Tenure Planned GFA Total Units Launch Date Units Sold/Booked Completion Date + Mont Botanik Residence obtained TOP in Feb 2023, while Peak Residence is 90% sold Astist’s impression, ‘Aftist's Impress
Slide 17: 1.25 million sqm land bank in Batam
1.25 million sqm land bank in Batam Proposed integrated development consists of hotels with MICE facilities, retail, tourist facilities and attractions as well as residential properties (villas and apartments) World-class collaboration Master Plan — New York-based Kohn Pedersen Fox Associates (KPF)
Slide 18: Sanya integrated development
W TUAN SING HOLDINGS LIMITED Description Equity Interest Location Tenure Total site area Estimated Completion Date An integrated development connected to Sanya High-Speed Railway Station Positioned as an iconic landmark that houses commercial apartments, hotel and retail components 7.8% acquired thr
Slide 19: Business Updates
ith TUAN SING HOLDINGS LIMITED Business Updates Real Estate Investment Real Estate Development Hospitality Industrial Services Other Investments 19
Slide 20: Grand Hyatt Melbourne
+4 TUAN SING HOLDINGS LIMITED Grand Hyatt Melbourne Mixed development comprising a 5-star hotel built over 33 levels with a total of 550 guestrooms Description and suites Within Melbourne’s Central Business District, at the “Paris End” of Collins Street Location 123 Collins Street, Melbourne, Victor
Slide 21: Hyatt Regency Perth
WY TUAN SING HOLDINGS LIMITED AUSTRALIA Hyatt Regency Perth Description Location Tenure Land Area Rooms Average Room Occupancy Rate Valuation Awards Integrated 5-star hotel, office, retail and parking complex with the adjacent Fortescue Centre At eastern end of Perth’s Central Business District with
Slide 22: Business Updates
ith TUAN SING HOLDINGS LIMITED Business Updates Real Estate Investment Real Estate Development Hospitality Industrial Services Other Investments 22
Slide 23: SP Corporation
SP Corporation SP SP Corporation Limited Primary business activity of commodities trading Description The commodities trading unit primarily trades in commodities such as coal, rubber, metals and other commodities and products used by manufacturers in the energy, tyre, metal and automotive industrie
Slide 24: Business Updates
ith TUAN SING HOLDINGS LIMITED Business Updates Real Estate Investment Real Estate Development Hospitality ndustrial Services Other Investments 24
Slide 25: Gul Technologies Singapore Pte. Ltd.
WY TUAN SING HOLDINGS LIMITED Gul Technologies Singapore Pte. Ltd. (“GulTech’ * Respected manufacturer in the printed circuit boards market * 3 manufacturing plants in China: located in Suzhou and Wuxi * Customers base in automotive, computer peripheral, consumer electronics, telecommunication, heal
Slide 26: Grand Hyatt Melbourne, Australia
Grand Hyatt Melbourne, Australi
Slide 27: Grand Hyatt Melbourne, Australia
Grand Hyatt Melbourne, Australi
Slide 28: Resolutions & Poll Results
RESOLUTIONS & POLL RESULTS Mr Richard Eu, Chairman \ oe 5 Mont Botanik Residence, Singapore
Slide 29: Resolution 1: Adoption of Financial Statements
ti TUAN SING HOLDINGS LIMITED Resolution 1: Ordinary Resolution Adoption of Directors’ Statement, Audited Financial Statements for FY2022 and Independent Auditor’s Report Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shar
Slide 30: Resolution 2: Dividend Payment
i TUAN SING HOLDINGS LIMITED Resolution 2: Ordinary Resolution Payment of a first and final dividend of 0.7 cent per ordinary share for FY2022 Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 676,010,556 100.00% 14,
Slide 31: Resolution 3: Directors' Fees
ti TUAN SING HOLDINGS LIMITED Resolution 3: Ordinary Resolution Approval of Directors’ Fees of $$425,000 for FY2022 Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 675,958,956 100.00% 14,321 0.00% 675,973,277 100.0
Slide 32: Resolution 4: Re-election of Mr Richard Eu
ti TUAN SING HOLDINGS LIMITED Resolution 4: Ordinary Resolution Re-election of Mr Richard Eu Yee Ming as a Director Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 676,010,556 100.00% 14,321 0.00% 676,024,877 100.0
Slide 33: Resolution 5: Re-election of Ms Michelle Liem
ti TUAN SING HOLDINGS LIMITED Resolution 5: Ordinary Resolution Re-election of Ms Michelle Liem Mei Fung as a Director Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 652,142,907 96.47% 23,881,970 3.53% 676,024,877
Slide 34: Resolution 6: Re-appointment of Auditors
i TUAN SING HOLDINGS LIMITED Resolution 6: Ordinary Resolution Re-appointment of Deloitte & Touche LLP as Auditors and authorisation for Directors to fix their remuneration Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Sh
Slide 35: Resolution 7: General Share Issue Mandate
ti TUAN SING HOLDINGS LIMITED Resolution 7: Ordinary Resolution Authority to allot and issue shares up to 10% of the issued shares (General Share Issue Mandate) Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 676,0
Slide 36: Resolution 8: Scrip Dividend Scheme
i TUAN SING HOLDINGS LIMITED Resolution 8: Ordinary Resolution Authority to allot and issue shares pursuant to the Tuan Sing Holdings Limited Scrip Dividend Scheme Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 67
Slide 37: Resolution 9: Share Purchase Mandate
ti TUAN SING HOLDINGS LIMITED Resolution 9: Ordinary Resolution The Proposed Renewal of the Share Purchase Mandate Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 676,004,556 100.00% 14,321 0.00% 676,018,877 100.00
Slide 38: Resolution 10: Interested Person Transactions Mandate
i TUAN SING HOLDINGS LIMITED Resolution 10: Ordinary Resolution The Proposed Renewal of the Interested Person Transactions Mandate Poll Results “For” Votes “Against” Votes Total Votes No. of Percentage No. of Percentage No. of Percentage Shares % Shares % Shares % 24,238,110 99.94% 14,321 0.06% 24,2
Slide 39: Thank You
ha TUAN SING HOLDINGS LIMITED Thank You For further information, please contact: August Consulting Alan Lee, Managing Partner Alanlee@august.com.sg William Liem Tan Choong Kiak Group Chief Executive Officer Group Chief Financial Officer william_liem@tuansing.com tan_ck@tuansing.com Peggy Lim Patrick