Keong Hong Holdings Limited · SGX:5TT
Keong Hong — Investor Presentation (December 2014)
30 slides from Keong Hong's investor presentation, December 2014
Slide 1: Keong Hong Holdings Limited – December 2014
December 2014 KEONG HONG HOLDINGS LIMITED 1
Slide 2: Disclaimer
This document has been prepared and furnished to you solely for the purpose of introducing the information set out herein. This document does not constitute or form part of any offer, solicitation, recommendation or invitation for or in relation to the securities of any company described herein, nor
Slide 3: Overview, Financial Highlights, Outlook and Strategies
1. Overview 2. Financial Highlights 3. Outlook and Strategies 3
Slide 4: Twin Waterfalls Executive Condominium
Twin Waterfalls Executive Condominium
Slide 5: 3 Growth Engines
3 Growth Engines Building Construction Property Development 30 Hotel Development Years of established track record 137* Per cent growth in market capitalisation >450 since IPO Employees 463 ** 3,077 Million of Units of residential and Singapore Dollars hotel rooms under worth of order construc
Slide 6: Listing, customers and awards
Listed on the Catalist Board of the Singapore Exchange in December 2011 Customers include main contractors, project consultants and well-established property developers and owners, such as Keppel Land group, Frasers Centrepoint Limited and MCL Land Awarded BCA A1 grading under the category CW01 for
Slide 7: Dividends, Convertible Bond and Bonus Share Issue
FY2012 FY2013 FY2014 Dividends $0.005 $0.015 $0.015 $0.005 $0.02 $0.01 $0.0125 Interim Final Special Interim Final Interim Final Dividend Dividend Dividend Dividend Dividend Dividend Dividend $0.035 $0.025 $0.0225 Dividend Payout Ratio 28.3% 18% 22.7% Convertible Bond Subscription (August 2013) • En
Slide 8: Group structure
Keong Hong Holdings Limited 100% 100% 100% Keong Hong Construction KH Land Pte Ltd (1) KH Capital Pte Ltd (6) Pte Ltd (1) 100% 50% 20% 20% 15% 20% 51% Pristine Islands KH-Kienta JV LLP (2) Punggol Residences Oasis Development MKH (Punggol) Katong Holdings Investments Pte Ltd (6) Pte Ltd (3) Pte Ltd
Slide 9: Building construction services
Our construction projects covers new construction, A&A works of existing buildings, refurbishment and upgrading of existing buildings. We provide a broad range of building construction services to both private and public sectors for residential, commercial, industrial, infrastructural and institutio
Slide 10: Residential Projects
Residential Projects Intelligent computerized self-climbing platform at Martin Place Residences The Parvis (D&B) Martin Place Residences at Kim Yam Road (D&B) 8@Woodleigh (D&B) J Gateway construction site 10
Slide 11: Commercial and Industrial Projects
Commercial Projects IBIS Hotel at Sime Darby Performance Bencoolen Street Centre at Alexandra Road Industrial Projects Makino at Gul Avenue AvaPlas at Changi South Vicplas at Joo Koon Circle Industrial Estate 11
Slide 12: Institutional Projects
Institutional Projects SIM at Clementi Road Mount Alvernia Hospital Sisters’ Accommodation Toa Payoh Nursing Home 12
Slide 13: Resort Development and Infrastructural Project
Resort Development Project The Residence Maldives • 94-villa resort hotel on Falhumaafushi Island • Developed by Bonvest group Infrastructural Project Kooddoo Airport in Maldives • Domestic airport to serve nearby resorts • Design and built project: 1.2km runway Passenger terminal Air-traffic
Slide 14: Twin Waterfalls
Twin Waterfalls • 728-unit executive condominium development in Punggol • Main contractor and joint developer • Group holds 20% interest in this joint property development with Frasers Centrepoint Limited • Officially launched on 18 February 2012, fully-sold • Average selling price S$698 per sq foot
Slide 15: SkyPark Residences
SkyPark Residences • 506-unit executive condominium development in Sembawang • Main contractor and joint developer • Group holds 20% interest in this joint property development with JBE Holdings Limited • Officially launched on 16 November 2013, approximately 67.5% sold to-date • Average selling pri
Slide 16: The Amore
The Amore • 378-unit executive condominium development in Punggol Central, Edgedale Plains • Main contractor and joint developer • Group holds 15% interest in this joint property development with Master Contract Services Pte Ltd and JBE Holdings Limited • Launching in January 2015 • Target completio
Slide 17: Executive Condominium at Sembawang Avenue
Executive Condominium at Sembawang Avenue • Awarded the 22,189.7 sqm site in July 2014 for S$214.08 million • Group will jointly develop this executive condominium development with FCL Tampines Court Pte Ltd, a wholly-owned subsidiary of Frasers Centrepoint Limited • Target to launch the project in
Slide 18: Hotel development at East Coast Road
Hotel development at East Coast Road, former Joo Chiat Police Station • 131-room Hotel Indigo Singapore Katong • 451-room Holiday Inn Express Singapore Katong • food and beverage outlets and retail shops • The hotels will be managed by InterContinental Hotels Group, to be opened in 2016 • Group hold
Slide 19: Hotel Development and Airport Expansion
Hotel Development • Kooddoo Island in Gaafu Alifu Atoll - development of a 68-villa airport hotel, to be ready by end 2015 • Maamutaa Island in Gaafu Alifu Atoll - development of a 120-villa resort hotel, to be ready by end 2017 Airport Expansion • Kooddoo Island in Gaafu Alifu Atoll - expansion of
Slide 20: Projects and expected TOP dates
Twin Waterfalls (expected TOP first half 2015) The Amore (expected TOP 2017) SkyPark Residences (expected TOP 2016) J Gateway (expected TOP 2017) Paterson Collection (expected TOP July 2015) Alexandra Central (Retail - expected TOP Dec 2014 Hotel - expected TOP 2015)
Slide 21: SkyPark Residences
SkyPark Residences i 3 > & ug = “4 °9 + VANES — et ie
Slide 22: Share price and trading statistics
52-week range • S$0.435 – S$0.370 • S$90.97 million Market capitalisation • Share price as at 1.12.2014: S$0.390 P/E ratio • 3.7 x (1) Price / NAV ratio • 1.1 x (2) Dividend payout ratio • 22.7% (3) No. of shares • 233,250,000 Public Float • 39.60% (4) Major shareholder • Ronald Leo (52.1%) Notes: (
Slide 23: Revenue, Gross Profit, Net Profit After Tax
Revenue Gross Profit Net Profit After Tax FY2014 FY2013 FY2014 23
Slide 24: FY2014 financial highlights
Change S$ ‘million FY2014* FY2013 Remarks (%) • Growth in revenue due mainly to higher revenue Revenue 272.8 146.6 86.1 recognition from ongoing projects as well as new projects as they reached active stage of construction Gross profit 30.3 30.4 (0.3) • Increase in cost of sales as a result of highe
Slide 25: Four-year financial summary
S$ ‘million FY2014 FY2013 FY2012 FY2011 Revenue 272,881 146,622 167,360 189,545 Gross profit 30,331 30,424 29,306 13,838 Gross profit margin (%) 11.1 20.7 17.5 7.3 Net profit after tax 19,397 21,532 19,296 10,975 Basic EPS (cents) 11.1 13.9 12.5 5.9 Net gearing ratio (x) 0.27 0.04 0 0 25
Slide 26: The Amore
The Amore
Slide 27: Singapore Construction Industry
Singapore Construction Industry 2015 - 2016 BCA projects the average construction demand in 2015 and 2016 to moderate to between S$25 and S$34 billion Private residential construction demand is expected to continue to soften following the implementation of various property cooling measures as well a
Slide 28: The Maldives Tourism Industry
The Maldives Tourism Industry (1) - Strong demand for new resort construction as well as airport infrastructure to support the growing tourism industry Tourist arrivals to the Maldives reached a million for the first time in 2013, registering a healthy growth of 17.4% compared with 2012 The top ten
Slide 29: Outlook and strategies
Seek suitable Expansion of Continue to Expansion in acquisitions, building prospect for Maldives and strategic alliances construction new business other markets and joint ventures business in opportunities for hotel and for future growth Singapore in the in hotel and resort and expansion in resident
Slide 30: Building a Sustainable Future
BUILDING A SUSTAINABLE FUTURE
Keong Hong Holdings — Investor Presentation (December 2014) on 6ix