Oxley Holdings Ltd. · SGX:5UX
Oxley — Investor Presentation (September 2013)
40 slides from Oxley's investor presentation, September 2013
Slide 1: Oxley Holdings Limited
Oxley Holdings Limited September 2013
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. This document
Slide 3: Group Overview
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 3
Slide 4: Overview of Oxley Holdings Limited
Overview of Oxley Holdings Limited Overview Price Performance of Oxley Holdings Limited Profile • Property development company 0.40 specialising in the development of quality residential, commercial and industrial projects at competitive 0.35 prices • Developments usually located in prime areas with
Slide 5: Key Management
Key Management Ching Chiat Kwong Chief Executive Officer • Possesses more than 15 years of industry experience • Responsible for the overall performance as well as the formulation of the corporate strategies and direction of the Group • Invested, developed and successfully launched 13 Singapore resi
Slide 6: Management Reporting Structure
Management Reporting Structure BOARD OF DIRECTORS Ching Chiat Kwong Executive Chairman & CEO Judy Ching Chiat Dee General Manager Project Administration Finance Department Department Department Slide 6
Slide 7: Strategy & Plans
Strategy & Plans Residential Maintain a sustainable land bank for a development pipeline of 3-5 years Participate in government land sales (GLS) tenders for larger sites, with a focus on vibrant and accessible districts Explore potential acquisitions, joint-ventures or strategic-alliance oppor
Slide 8: Land Acquisition Criteria
Land Acquisition Criteria Location Prime areas and easily accessible by public transport Environment Potential for inclusion of amenities to inject vibrancy into the vicinity Typical tenure Residential: freehold / 999 yrs Industrial: 30 – 60 years Commercial: freehold Slide 8
Slide 9: Investment Merits
Investment Merits Responsiveness to changing trends Short investment-to-sale cycle Focus on core competency • Design, construction and sales activities outsourced to professionals Established relationships and extensive network Experienced and committed management team with more than 10 ye
Slide 10: Group Overview
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 10
Slide 11: Operations Review: Launched Projects
Operations Review Launched Projects o Residential o Industrial o Commercial Slide 11
Slide 12: Summary of Launched Projects
Summary of Launched Projects Residential No. of units Land Area GFA Expected No Project Name Tenure Unit Sold (%) (residential / shops) (sq ft) (sq ft) TOP 1 Loft@Holland FH 41 / 0 12,099 17,004 100% 2013 2 Loft@Stevens FH 44 / 0 13,972 20,329 100% TOP 3 Suites@Braddell FH 33 / 0 11,927 16,699 100%
Slide 13: Summary of Launched Projects
Summary of Launched Projects Commercial No. of units Land Area GFA Expected No Project Name Tenure Unit Sold (%) (office / shops) (sq ft) (sq ft) TOP 20 Robinson Square FH 32 / 6 4,542 51,177 97% 2015 21 Oxley Tower FH 104 / 133 16,033 181,252 95% 2017 22 The Flow FH 0 / 56 22,147 70,186 41% 2017 In
Slide 14: Launched Projects – Residential
Launched Projects – Residential Parc Somme Suites @ Katong Loft @ Rangoon Loft @ Holland 62 Somme Road 263 Tanjong Katong Road 113 Rangoon Road 151 Holland Road Acquisition Date Dec 2009 Acquisition Date Dec 2009 Acquisition Date Feb 2010 Acquisition Date May 2010 Launch Date Apr 2010 Launch Date Ap
Slide 15: Launched Projects – Residential
Launched Projects – Residential Vibes @ Kovan Loft @ Stevens Vibes @ East Coast Viva Vista 93 Kovan Road 68 Stevens Road 308 Telok Kurau Road 3 South Buona Vista Road Acquisition Date May 2010 Acquisition Date Jun 2010 Acquisition Date May 2010 Acquisition Date Jun 2009 Launch Date Jan 2011 Launch D
Slide 16: Launched Projects – Residential
Launched Projects – Residential Devonshire Residences Presto @ Upper Serangoon Vibes @ Upper Serangoon RV Point 55 Devonshire Road 528 Upper Serangoon Road 488 Upper Serangoon Road 233 River Valley Road Acquisition Date Apr 2010 Acquisition Date Oct 2010 Acquisition Date Oct 2010 Acquisition Date Fe
Slide 17: Launched Projects – Residential
Launched Projects – Residential Suites @ Braddell The Promenade @ Pelikat Oxley Edge Midtown Residences / The Midtown 56 Braddell Road 183 Jalan Pelikat 308 River Valley Road 1189 Upper Serangoon Road Acquisition Date Oct 2010 Acquisition Date May 2011 Acquisition Date Nov 2010 Acquisition Date Jun
Slide 18: Launched Projects – Residential
Launched Projects – Residential NEWest KAP Residences / KAP Floraville 1 & 3 West Coast Drive Singapore 9 & 11 King Albert Park 2 Cactus Road Acquisition Date May 2012 Acquisition Date Oct 2012 Acquisition Date Mar 2012 Launch Date May 2013 Launch Date May 2013 Launch Date Aug 2013 Tenure 956 years
Slide 19: Launched Projects – Industrial
Launched Projects – Industrial Oxley BizHub Oxley BizHub 2 Arcsphere 61/63/65/67/69/71/73 Ubi Road One 62 Ubi Road One 124 Lor 23 Geylang Road Acquisition Date Aug 2010 Acquisition Date Feb 2011 Acquisition Date Dec 2010 Launch Date Apr 2011 Launch Date Oct 2011 Launch Date Sep 2011 Tenure 60 years
Slide 20: Launched Projects – Industrial
Launched Projects – Industrial The Commerze@Irving Eco-Tech@Sunview 1 Irving Road 1 Sunview Road Acquisition Date Jun 2011 Acquisition Date Oct 2012 Launch Date Feb 2012 Launch Date Aug 2013 Tenure 60 years Tenure 30 years Gross Floor Area (sq ft) 126,263 Gross Floor Area (sq ft) 758,126 Light Indus
Slide 21: Launched Projects – Commercial
Launched Projects – Commercial The Flow Oxley Tower Robinson Square 66 East Coast Road 138 Robinson Road 144 Robinson Road Acquisition Date Mar 2012 Acquisition Date Sep 2010 Acquisition Date Dec 2010 Launch Date Jun 2013 Launch Date Apr 2012 Launch Date Nov 2011 Tenure Freehold Tenure Freehold Tenu
Slide 22: Operations Review: Pipeline Projects
Operations ReviewReview Operations Pipeline Projects o Residential o Industrial o Commercial o Overseas Land Parcels Slide 22
Slide 23: Projects in Pipeline
Projects in Pipeline Residential No. of units Land Area GFA Expected No Project Name Tenure (residential / shops) (sq ft) (sq ft) Launch 1 Floravista & Floraview FH 90/29 61,666 92,253 2013 2 The Rise@Oxley FH TBC 25,630 107,648 2013 3 339 – 339C Joo Chiat Road FH TBC 6,383 11,475 2014 Commercial /
Slide 24: Projects in Pipeline
Projects in Pipeline Malaysian Land Parcels Land Area Group’s Expected No Project Name Tenure (sq m) Stake Launch 6 Plot B3 & B5 Iskandar, Johor 99 Leasehold 17,280 100% TBC No. Hakmilik 354,Lot 904, Bt 6 Jalan Damansara, Mukim Sungai Bulah, TBC 7 Freehold 20,234 100% Daerah Petaling, Negeri Selango
Slide 25: Projects in Pipeline – Residential
Projects in Pipeline – Residential Property Name Floravista & Floraview Location 1/3/5/7 Ang Mo Kio Street 66 Type Mixed Residential & Commercial Development Acquisition Date March 2012 Launch Date 3rd Quarter 2013 Tenure Freehold Land Area (sq ft) 61,666 Gross Floor Area (sq ft) 92,253 Residential
Slide 26: Projects in Pipeline – Residential
Projects in Pipeline – Residential Property Name The Rise@Oxley Location 71 / 73 / 73A Oxley Rise Type Mixed Residential & Commercial Development Acquisition Date May 2012 Launch Date 4th Quarter 2013 Tenure Freehold Land Area (sq ft) 25,630 Gross Floor Area (sq ft) 107,648 Residential Units TBC Sho
Slide 27: Projects in Pipeline – Residential
Projects in Pipeline – Residential Property Name TBC Location 339 – 339C Joo Chiat Road Type Mixed Residential & Commercial Development Acquisition Date April 2012 Launch Date 4th Quarter 2013 Tenure Freehold Land Area (sq ft) 6,383 Gross Floor Area (sq ft) 11,475 Residential Units TBC Shop Units TB
Slide 28: Projects in Pipeline – Commercial / Hospitality
Projects in Pipeline – Commercial / Hospitality Property Name TBC Location 30 Stevens Road Type Mixed Hotel & Commercial Development Acquisition Date March 2013 Tenure 103 years leasehold Land Area (sq ft) 198,889 Gross Floor Area (sq ft) 318,222 Hotel Units TBC Shop Units TBC Land Price S$318 milli
Slide 29: Projects in Pipeline – Industrial
Projects in Pipeline – Industrial Property Name TBC Location Plot 3, Tampines Industrial Crescent Type Industrial Acquisition Date October 2012 Tenure 30 years leasehold Land Area (sq ft) 417,643 Gross Floor Area (sq ft) 709,263 Light Industrial Units TBC Land Price S$55 million Group’s Stake 70% Ke
Slide 30: Financial Highlights
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 30
Slide 31: Comprehensive Income
Comprehensive Income Financial Year Ended (Unaudited) Fourth Quarter Ended Consolidated (S$’000) (Audited) (Unaudited) 30-Jun-12 30-Jun-13 %U 30-Jun-12 30-Jun-13 %U Revenue 159,368 457,693 187% 37,538 277,321 639% Gross Profit 39,152 138,437 254% 8,661 90,935 950% Operating Profit * 33,531 130,642 2
Slide 32: Financial Position
Financial Position As At Consolidated (S$’000) (Audited) (Audited) (Unaudited) %U 30-Jun-11 30-Jun-12 30-Jun-13 Cash & Cash Equivalents 112,652 205,135 436,460 113% Development Properties 720,822 1,323,881 1,849,178 40% Total Assets 856,117 1,605,440 2,676,401 67% Current Borrowings 13,545 177,356 3
Slide 33: Key Financial Ratios
Key Financial Ratios (Audited) (Audited) (Unaudited) Consolidated ($’000) 30-Jun-11 30-Jun-12 30-Jun-13 Gross Margin 34.8% 24.6% 30.2% Operating Margin 26.4% 21.0% 28.5% Net Margin (Profit After Tax) 20.6% 14.9% 22.7% EBITDA / Interest Expense 24.8x 8.2x 15.5x Total Borrowings / Total Assets 0.74x 0
Slide 34: Steadily Delivering Financial Performance
Steadily Delivering Financial Performance Steady Growth in Revenue, Profit and Profitability S$’000 500,000 457,693 450,000 400,000 350,000 300,000 250,000 200,000 159,368 150,000 130,642 122,733 100,000 70,850 50,000 33,531 29,500 18,716 17,962 0 FY2011 FY2012 FY2013 Revenue Operating Profit NPBT S
Slide 35: Strengthening Asset Base and Financial Condition
Strengthening Asset Base and Financial Condition Expanding Asset Base and Stable Financial Condition S$’000 Slide 35
Slide 36: Outlook and Strategies
GroupOverview Company Overview Operations Review Financial Highlights Outlook and Strategies Slide 36
Slide 37: Outlook - Residential
Outlook - Residential Impact of Property Cooling Measures Group’s Position Anti-speculation measures may cap near- Effects of the latest bout of cooling measures term demand on Group’s position is partially mitigated as most projects in its portfolio are fully sold Additional Buyer’s Stamp Dut
Slide 38: Outlook - Industrial / Commercial
Outlook - Industrial / Commercial Key Demand Drivers The good take-up rates on the Group’s industrial projects are driven by the following factors:- Low interest rate environment Choice locations and key lifestyle elements and amenities Wider market reach as a result of lower price quantum as com
Slide 39: Outlook - Hospitality
Outlook - Hospitality Key Demand Drivers Continued growth in visitor arrivals driven by Singapore’s reputation:- As a safe leisure destination, with an annual line-up of international sports, arts and entertainment events In providing world-class medical facilities and services Of a corruption-f
Slide 40: Oxley Holdings Limited – Thank You
Oxley Holdings Limited Thank You
Oxley Holdings — Investor Presentation (September 2013) on 6ix