Wing Tai Holdings Limited · SGX:W05
Wing Tai — FY2022 Earnings Presentation
12 slides from Wing Tai's earnings presentation, Aug 25, 2022
Slide 1: FY 2022 Results
FY 2022 Results WING TAI HOLDINGS LIMITED 25 August 2022
Slide 2: Results Overview for Financial Year Ended 30 June 2022
Results Overview for Financial Year Ended 30 June 2022 Revenue S$515 million Net Profit Attributable to Shareholders S$140 million 2
Slide 3: Summary Financial Highlights
Summary Financial Highlights FY 2022 FY 2021 S$ M S$ M Revenue 514.6 461.4 Operating profit 62.3 69.6 Finance costs (25.3) (30.6) Share of profits of associate / JV 112.2 36.3 Tax & non-controlling interests (9.0) (31.7) Net profit 140.2 43.6 3
Slide 4: Summary Financial Highlights (continued)
Summary Financial Highlights (continued) The increase in revenue is mainly due to the higher contribution from development properties. The current year revenue from development properties was largely attributable to the progressive sales recongised from The M at Middle Road and the additional unit
Slide 5: Development Properties
Development Properties FY 2022 FY 2021 S$ M S$ M Revenue 419.2 357.5 EBIT 120.8 152.7 The higher revenue was largely attributable to the progressive sales recognised from The M at Middle Road. The decrease in EBIT for the current year is mainly due to the fewer units sold for Le Nouvel Ardmore.
Slide 6: Residential Properties Sales in FY 2022
Residential Properties Sales in FY 2022 N Sales Value No. of Units Sold S$ M Singapore 36 137 Malaysia 171 40 Total 207 177 The residential properties sales in Singapore were mainly from The M at Middle Road and Le Nouvel Ardmore. As at 30 June 2022, more than 90% of The M at Middle Road were so
Slide 7: Investment Properties
Investment Properties FY 2022 FY 2021 S$ M S$ M Revenue 40.2 40.6 EBIT 48.9 (14.6) The EBIT loss in FY 2021 was mainly attributable to the Group’s share of fair value losses from the investment properties of Wing Tai Properties (Hong Kong). 7
Slide 8: Balance Sheet
Balance Sheet 30 June 22 30 June 21 S$ M S$ M Current assets 1,319 1,813 Non-current assets 2,943 2,679 Current liabilities (397) (299) Non-current liabilities (354) (638) Net assets 3,511 3,555 Shareholders’ funds 3,286 3,187 Perpetual securities 149 296 Non-controlling interests 76 72 Total equity
Slide 9: Balance Sheet (continued)
Balance Sheet (continued) The decrease in current assets is mainly attributable to the progress billings made for development properties. The increase in non-current assets is mainly due to the acquisition of the remaining 50% stake in the freehold office building at 464-466 St. Kilda Road and t
Slide 10: Assets Allocation by Business Segments & Geographical Locations as at 30 June 2022
Assets Allocation by Business Segments & Geographical Locations as at 30 June 2022 By Business By Countries Malaysia 10% Development Properties China 41% 2% Singapore Australia 44% 6% Others 4% Hong Kong Investment 38% Properties 55% Total Assets = S$4.3 billion 10
Slide 11: Dividend
Dividend FY 2022 Dividend per share (cents) - Ordinary 3.0 - Special 3.0 6.0 Dividend yield (%) * 3.7% * Based on share price prior to the date of results announcement. For FY 2022, the Company has declared a final dividend of 3 cents per share and a special dividend of 3 cents per share, subject
Slide 12: Slide 12