Guocoland Limited · SGX:F17
Guocoland — FY2025 Earnings Presentation
33 slides from Guocoland's earnings presentation, Aug 29, 2025
Slide 1: FY2025 Financial Results
FY2025 Financial Results 29 August 2025
Slide 2: Content
Content 1. Group CEO Remarks 2. Financial Highlights 3. Business Highlights 4. Industry Outlook 5. Q&A Guoco Tower, Singapore
Slide 3: Group CEO Remarks
Group CEO Remarks 3 Guoco Midtown, Singapore
Slide 4: FY2025 year in review
FY2025 year in review Macro environment Lentor projects performing well Deepened presence in Singapore 4 • Geopolitical uncertainties Sales status as at 30 June 2025 persisted due to US tariffs and continued 100% Lentor Modern international conflicts 99% Lentor Hills Residences Lentor Central Reside
Slide 5: Creating value through our twin-engine growth strategy and end-to-end capabilities
Creating value through our twin-engine growth strategy and end-to-end capabilities Portfolio of best-in-class Uplifting neighbourhoods investment properties Proficiency in identifying Stable recurring rental revenue high-potential sites with strong from premium Grade A assets attributes, and enhanci
Slide 6: Financial Highlights
Financial Highlights 6 Guoco Tower, Singapore
Slide 7: FY2025 key financial highlights
FY2025 key financial highlights 5% -7% -17% Revenue Operating profit Attributable profit S$1,916m S$299m S$107m 0.01x 1 ct/sh Debt1-to-assets Dividends 0.44x 7 cts / share 1 Debt is defined as total loans and borrowings 7
Slide 8: Twin-engine growth strategy underpins results
Twin-engine growth strategy underpins results Revenue by key business Operating profit by key business • Higher revenue for FY2025 was mainly (S$’ million) (S$’ million) driven by o Higher rental revenue from Guoco 281 Tower and Guoco Midtown 230 o Progressive recognition of profits from the residen
Slide 9: Asset profile
Asset profile Assets by key segments1 GuocoLand China breakdown by asset type Property Others2 Development Overseas 19% 50% 21% S$11.88b S$1.74b Singapore Property 79% Investment 31% Figures as at 30 June 2025 1 Excludes Others 2 Bank & cash, and other assets 9
Slide 10: Growing recurring income base
Growing recurring income base FY2017 FY2022 FY2023 FY2024 FY2025 Guoco Tower Guoco Changfeng Guoco Midtown Guoco Midtown Guoco Midtown II began operations City (South Tower) began operations fully operational began operations began operations 6,785 6,971 6,203 5,932 4,975 281 230 19% S$’ million 170
Slide 11: Creating value for the long term
Creating value for the long term Generating shareholder value through fair value gains of investment properties ~S$1.2b 59 in fair value gains 40 156 recognised from FY2017 – FY2025 249 72 S$’ million 197 -8 143 >2x 254 Growth in asset value from FY2017 – FY2025 FY2017 FY2018 FY2019 FY2020 FY2021 FY
Slide 12: Prudent capital management
Prudent capital management Group loans & borrowings (S$’ million) Debt profile backed by high-quality assets in Singapore 5,334 5,484 • Borrowings are backed by a resilient portfolio of high-quality investment properties with good operating performance and stable, growing recurring cash flows, as we
Slide 13: Prudent capital management
Prudent capital management Debt1-to-assets ratio remains steady Debt1 / Assets Total Equity2 (S$’ million) 4,745 0.47 0.46 4,692 4,679 0.45 0.44 0.43 0.43 4,521 408 4,407 408 408 181 407 4,284 4,337 4,340 4,271 4,000 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025 Attrib
Slide 14: Business Highlights
Business Highlights 14 Lentor Modern, Singapore
Slide 15: Business highlights
Business highlights Transforming neighbourhoods with a portfolio of high-quality, user-centric developments in Singapore Guoco Midtown Midtown Modern Completed Completed Guoco Tower 20 Collyer Committed 100% sold Completed Quay CBD occupancy: 100% Committed Completed Guoco Midtown II occupancy: Comm
Slide 16: Guoco Midtown: A Flagship Integrated Development
GUOCO MIDTOWN: A Flagship Integrated Development Soon-to-be-opened overhead link bridge will connect Guoco Midtown and Guoco Midtown II to Marina Centre 16
Slide 17: Continued strong demand for best-in-class investment properties
Continued strong demand for best-in-class investment properties Singapore Investment properties asset value • Offices achieved 100% commitment rate, positive rental reversions, 30 June 2025 30 June 2024 and healthy weighted average lease expiry of 3.021 years Completed and under • Strong rental rate
Slide 18: Unique leasing strategy provides resilience
Unique leasing strategy provides resilience 2.8% Automotive ✓ Diversified tenant base Banking & Finance 20.8% 13.2% Chemical/ Energy/ Oil & Gas Commodities & Trading across industries boosts FMCG Hospitality portfolio resilience and 3.0% Insurance lowers concentration risk Investment Services & Cons
Slide 19: Widening our foothold with sustained investments in land sites in Singapore
Widening our foothold with sustained investments in land sites with strong attributes and catchment in Singapore FY FY FY FY FY 2022 2023 2024 2025 2026 Jul’21: Acquired Sep’22: Launched Jul’23: Launched Aug’24: Acquired Aug’25: Launched 1st site in Lentor Lentor Modern Lentor Hills Margaret Drive s
Slide 20: Springleaf Residence
SPRINGLEAF RESIDENCE: First high-rise development in Springleaf with a biodiversity-sensitive design approach • Developed by GuocoLand−Hong Leong JV (60:40) • 941-units across five 25-storey towers and a conserved four-storey building, which was part of the former Upper Thomson Secondary School • Le
Slide 21: Transforming neighbourhoods with upcoming launches
Transforming neighbourhoods with upcoming launches Faber Walk River Valley Green (Parcel B) • Developed by • Developed by GuocoLand GuocoLand−TID−Hong Leong • High-end waterfront JV (50:40:10) development comprising two • Near established schools and towers with commercial key business hubs shops on
Slide 22: Committed to Sustainable Developments
COMMITTED TO SUSTAINABLE DEVELOPMENTS 22 Guoco Midtown, Singapore
Slide 23: Driving sustainability through biophilic and sustainable designs
Driving sustainability through biophilic and sustainable designs, reducing energy and resource usage, and sustainable building practices Guoco Tower, Singapore Guoco Midtown & Midtown Bay, Singapore Guoco Midtown II & Midtown Modern, Singapore BCA Green Mark Platinum LEED Platinum certified BCA Gree
Slide 24: Industry Outlook
Industry Outlook 24 Midtown Modern, Singapore
Slide 25: Singapore
Singapore • Singapore’s GDP grew by an average of 4.3% in 1H 20251. This positive outlook is tempered by potential risks from global geopolitical and trade tensions. • Buying demand from homeowners remains resilient, supported by a healthy labour market and moderating interest rates. • Price growth
Slide 26: Overseas
Overseas CHINA • China’s economy grew 5.2% year-on-year in 2Q 20251, in line with the government’s target of 5.0%. Key lending rates have been maintained at record lows. • Recent data suggests a slowing decline in new home prices, and a sustainable recovery will be dependent on the overall economy a
Slide 27: Q&A
Q&A
Slide 28: Appendix
Appendix
Slide 29: Revenue by business unit
Revenue by business unit S$’ million FY2025 FY2024 % change GuocoLand Singapore 1,521 1,473 3 GuocoLand China 211 169 24 GuocoLand Malaysia 115 107 8 Others 70 71 (1) Total 1,916 1,820 5 29
Slide 30: Profit/(Loss) before tax by business unit
Profit/(Loss) before tax by business unit S$’ million FY2025 FY2024 % change GuocoLand Singapore 339 237 43 GuocoLand China (122) (22) N/M GuocoLand Malaysia 14 22 (36) Others (59) (65) 10 Total 173 172 0.4 N/M: Not meaningful 30
Slide 31: Total assets by business unit
Total assets by business unit S$’ million 30 June 2025 30 June 2024 GuocoLand Singapore 9,397 9,085 GuocoLand China 1,738 2,216 GuocoLand Malaysia 748 734 Others 493 495 Total 12,375 12,530 31
Slide 32: Residential projects – Singapore
Residential projects – Singapore Expected Project Stake Total units % Sold / booked completion1 Midtown Bay 70% 219 64% Completed in 2Q 2024 Midtown Modern 60% 558 100% Completed in 1Q 2025 Lentor Modern 100% 605 100% 3Q 2025 Lentor Hills Residences 30% 598 99% 2H 2026 Lentor Mansion 60% 533 98% 1H
Slide 33: Disclaimer
Disclaimer ▪ This presentation has been prepared by GuocoLand Limited (the “Company”) solely to provide information in connection with a potential investment in securities to be issued by GLL IHT Pte. Ltd. and/or the Company. By viewing all or part of this presentation, you agree to maintain confide