Hiap Hoe Ltd. · SGX:5JK
Hiap Hoe — Investor Presentation (March 2014)
32 slides from Hiap Hoe's investor presentation, Mar 4, 2014
Slide 1: Hiap Hoe Limited Investor Presentation
Hiap Hoe Limited Investor Presentation March 2014 1
Slide 2: Important Notice
Important Notice This presentation and the information contained herein does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities of Hiap Hoe Limited (the “Company”) or any of its subsidiaries, assoc
Slide 3: Company Overview
Company Overview Business Update Financial Highlights Moving Forward 3
Slide 4: Overview of Hiap Hoe Limited: A premium property developer
Overview of Hiap Hoe Limited Our four core businesses A premium property developer Development Projects: • Focused on residential properties in prime and strategic locations -Residential -Industrial • More than a decade of experience developing homes of premium quality -Commercial • Established repu
Slide 5: Overview of Hiap Hoe Limited: Key statistics
Overview of Hiap Hoe Limited Key statistics Steady share price appreciation over past 5 years Liquidity Statistics Listed on SGX-ST Six-month average daily traded volume: 332,688 shares Estimated Free Float: 28.7% Substantial Shareholder: Hiap Hoe Holdings Pte Ltd , 69.85% Market Cap as at 4 March 2
Slide 6: Competitive Advantages
Overview of Hiap Hoe Limited Leveraging on our key strengths Competitive Advantages • In-house construction capability and expertise allow for greater Integrated control over cost and quality Capabilities • In-house sales, leasing and project management team • Renown for developing properties of hig
Slide 7: Organisation Chart
Organisation Chart Board of Directors EXCO Teo Ho Beng, Executive Chairman & CEO Roland Teo Ho Kang, Managing Director Tracy Wun, Executive Director Construction Asset Management Project Management & Contracts HR & Admin Finance Chew Char Choon Gareth Zhou Marc Teo Teo Poh Sim, Agnes Benjamin Chan H
Slide 8: Business Update
Company Overview Business Update Financial Highlights Moving Forward 8
Slide 9: Residential Development
Residential Development Gross Land Average Equity Floor Purchase % Description Tenure TOP Selling Stake Area price Sold* Price (psf) (sq ft) (psf ppr) Signature at Lewis 1 Lewis Road 100% Freehold Oct 11 34,682 S$710 S$1,364 94% 12-storeys with 32 residences The Beverly 45/47 Toh Tuck Road 60% Freeh
Slide 10: Integrated Development At Zhongshan Park
Integrated Development At Zhongshan Park Comprising: • Zhongshan Mall • Hiap Hoe Building At Zhongshan Park • Days Hotel Singapore At Zhongshan Park • Ramada Singapore At Zhongshan Park • Developed on a 99-yr leasehold site over 190,107 sq ft • Landmark development that preserves rich heritage of Su
Slide 11: On-going Property Development
On-going Property Development Industrial Development At Kallang Pudding Road known as HH@Kallang • Description : A 9-storey multiple-user light B1 industrial development comprising 55 units • Tenure : Freehold • Land area : 48,121 sq ft • GFA : 120,304 sq ft • Land cost : S$324 psf ppr • Expected
Slide 12: Foray into Overseas Market: First Acquisition
Foray into Overseas Market First Acquisition – 6-22 Pearl River Road, Melbourne, Australia • Possesses approved planning permit for the development of 425 residential units Tenure : Freehold Land area : 3,795 sq m Total land cost : S$33.6 million1 • Proposed development will comprise: Two re
Slide 13: Foray into Overseas Market: Second Acquisition
Foray into Overseas Market Second Acquisition – 380 Lonsdale Street, Melbourne, Australia A significant commercial asset that sits in the heart of Melbourne CBD • Purchase comes with an approved planning permit for an iconic 46 level mixed-use development comprising 627 apartments, 445 bay commercia
Slide 14: Foray into Overseas Market: Third Acquisition
Foray into Overseas Market Third Acquisition – 206 Bourke Street, Melbourne, Australia A trophy quality mixed use retail and office asset centrally located in the CBD • Purchase comes with an approved planning permit for a 142-room hotel that will sit above the existing development • Tenure : Freeho
Slide 15: Foray into Overseas Market: Fourth Acquisition
Foray into Overseas Market Fourth Acquisition – 130 Stirling Street, Perth, Australia A-grade commercial building located along the northern fringe of Perth’s CBD • A seven-storey development comprising 11,863 sq m of office lettable area and 486 sq m of retail lettable area with 239 parking lots •
Slide 16: Investment Activities
Investment Activities Acquired 14.9% interest in Ley Choon Group Ley Choon Group Holdings is listed on SGX-ST with a market capitalisation of S$99.5 million as at 4 March 2014 • Acquired 14.9% of Ley Choon Group through a placement of 88,268,000 shares at a placement price of S$0.1642 per share or a
Slide 17: Financial Highlights
Company Overview Business Update Financial Highlights Moving Forward 17
Slide 18: Financial Snapshot
Financial Snapshot Stable Revenue & Profitability Growth (S$’000) Revenue Net Profit Net Profit Margin Change (S$’000) FY2013 FY2012 (%) Revenue 240,795 145,668 65.3 Gross Profit 116,154 57,671 101.4 Profit Before Tax 96,501 66,855 44.3 Profit After Tax 78,560 57,539 36.5 EPS (cents) 16.99 12.30 38.
Slide 19: Financial Management & Funding Mix
Financial Management & Funding Mix Total Debt* (S$‘000) Gearing* Long Term Debt Short Term Debt 228 58,759 134 147,930 108 89 125,152 326,512 167,770 101,969 56 184,989 135,088 81,922 69,919 FY09 FY10 FY11 FY12 FY13 FY09 FY10 FY11 FY12 FY13 *As at 31December 2013 • Interest cover at approximately 24
Slide 20: Moving Forward
Company Overview Business Update Financial Highlights Moving Forward 20
Slide 21: Moving Forward: Delivering Growth and Sustained Returns
Moving Forward Delivering Growth and Sustained Returns • Two diversified sources of revenue: – Development and sale of properties; and Diversification – Investment income • Geographic diversification: 4 acquisitions in Australia • Focus on acquiring land in prime and strategic locations • Secondary
Slide 22: End of Presentation
HIAP HOE LIMITED End of Presentation 22
Slide 23: Appendix
HIAP HOE Appendix
Slide 24: Board of Directors
Board of Directors Teo Ho Beng Executive Chairman & CEO • Possesses over 30 years of experience in the construction and property industries and over 20 years of experience in the leisure industry • Responsible for the formulation of corporate strategies and policies for the Group • Monitoring Hiap H
Slide 25: Board of Directors (cont'd)
Board of Directors (cont’d) Chan Wah Tiong Lead Independent, Non-Executive Director •Extensive financial, accounting and compliance experience, having served as external Auditor, Accountant, Financial Analyst, Financial Director and CFO of several companies (both local and multinational) in semicond
Slide 26: Management Team
Management Team Benjamin Chan Group CFO •Has over 20 years of experience in the financial field, holding various accounting and financial positions in listed and non-listed companies. •Joined in March 2014 and is responsible for the financial, accounting and taxation functions and the Group’s compli
Slide 27: Management Team
Management Team Marc Teo Head of Project Management & Contracts •Responsible for managing the Group’s project related matters for all developments in Singapore and Australia •Previously held the position of Construction Project Manager for 2 years and Project Management Executive for 1 year •Spent 2
Slide 28: Skyline 360° @ St Thomas Walk
Skyline 360° @ St Thomas Walk A 36-storey freehold skyscraper with 61 residences Artist’s Impression 28
Slide 29: Signature @ Lewis
Signature @ Lewis A 12-storey freehold development with 32 residences Artist’s Impression 29
Slide 30: Waterscape At Cavenagh
Waterscape At Cavenagh 4 blocks of 7-storey and 2 blocks of 6-storey apartment with resort themed with 200 residences Artist’s Impression 30
Slide 31: The Beverly
The Beverly A freehold development consisting of 2 blocks of 5-storey with 118 units 31
Slide 32: Treasure on Balmoral
Treasure on Balmoral 12-storey comprising 48 apartment units Artist’s Impression 32