Wee Hur Holdings Ltd. · SGX:E3B
Wee Hur — Shareholder Meeting (April 2025)
41 slides from Wee Hur's shareholder meeting presentation, Apr 30, 2025
Slide 1: 18th Annual General Meeting 30 April 2025
18th Annual General Meeting 30 April 2025
Slide 2: Contents
Contents 01 Important Milestone 02 Business Review 03 Financial Performance 04 Sustainability 05 Wee Hur’s 45-Year Journey 06 Challenges Ahead
Slide 3: Important Milestone
Important Milestone • On 16 December 2024, the Group announced the disposal of all Purpose-Built Student Accommodation (“PBSA”) properties under Wee Hur PBSA Master Trust (“Fund I”) to GS Australia Student Venture I Mid Trust, a part of Greystar, for a gross selling price of A$1.6 billion. • Fund I
Slide 4: Business Review
Business Review
Slide 5: Business Review
Business Review 01 Business Overview 02 Properties Business, Singapore • Development Properties • Investment Properties 03 Properties Business, Australia • Development Properties • Investment Properties 04 PBSA Operation 05 Construction 06 Fund Management 07 Alternative Investment
Slide 6: Business Overview
Business Overview Positive sentiment across all our businesses in 2024 Completion of the disposal of Fund I to Greystar for a gross selling price of A$1.6 billion Strong performance from the workers’ dormitory business
Slide 7: Properties Business, Singapore
Business Review Properties Business, Singapore
Slide 8: Development Properties - Singapore
Development Properties - Singapore • Sales for Bartley Vue and Mega@Woodlands have achieved 99% and 98.5%, respectively, as of 31 March 2025. • Bartley Vue, a residential development, is expected to obtain TOP at the end of 2025 • Sentiment in the residential market turned positive in Q4 2024, with
Slide 9: Investment Properties - Singapore
Investment Properties - Singapore Worker’s Dormitory • Tuas View Dormitory have performed strongly in 2024. • Pioneer Lodge is targeted to be partially operational with 3,088 beds by the second quarter of 2025 and fully operational with 10,500 beds by the end of 2025. • The Group believes that the h
Slide 10: Properties Business, Australia
Business Review Properties Business, Australia
Slide 11: Development Properties - Australia
Development Properties - Australia • Park Central, has obtained Development Application (“DA”) in 2024, and the group is exploring alternative options for this development due to builder constraints and higher construction costs. • The Group’s residential land subdivision venture, has acquired three
Slide 12: Investment Properties - Australia
Investment Properties - Australia Purpose-Built Student Accommodation • Prior to the disposal of Fund I, the Group had eight operational PBSA across five major Australian cities with 6,071 beds. The Group’s latest addition of PBSA operational property in Sydney with 409 beds – Y Suites on Margaret,
Slide 13: Investment Properties - Australia
Investment Properties - Australia Purpose-Built Student Accommodation • Currently in our pipeline, our latest development site located at 188 Grenfell, Adelaide have obtained DA for 683 beds and is on track to commence construction in 2H 2025. • The supply-demand dynamics across Australia have creat
Slide 14: PBSA Operation
Business Review PBSA Operation
Slide 15: PBSA Operation Overview
PBSA Operation Overview • Y Suites, a brand under Wee Hur Hospitality, is the operator for a portfolio of 4,493 PBSA beds across 4 cities, in Australia. • Y Suites is committed to deliver an exceptional student accommodation experience in Australia. • Despite the challenging environment in 2024 due
Slide 16: PBSA Operation Overview
PBSA Operation Overview • The Group anticipates a stronger performance in 2025, supported by the fact that the proposed cap on international students in Australia did not pass into legislation, and by the persistent supply-demand imbalance in the PBSA sector. • Following the Completion of Disposal o
Slide 17: Construction
Business Review Construction
Slide 18: Construction Overview
Construction Overview • One project secured in 2024. • Order book at S$263.33 million as at 31 December 2024, with continuous construction activities through 2027. • Three ongoing projects are expected to complete in 2025. • The Group will remain steadfast, actively participate in tenders to secure
Slide 19: Construction Current Projects
Construction Current Projects Bartley Beacon Bartley Vue Pioneer Lodge Expected Completion: Q1 2025 Expected Completion: Q4 2025 Expected Completion: Phase 1(Q2 2025) Phase 2(Q4 2025) Mount Vernon Funeral Parlour Complex Teochew Building Newly Awarded BTO Project Expected Completion: Q3 2026 Expecte
Slide 20: Fund Management Alternative Investment
Business Review Fund Management Alternative Investment
Slide 21: Fund Management Overview
Fund Management Overview A$1.7 b 2016 3 4th Funds for PBSA strategy by Largest PBSA portfolio in Gross Asset Value Year of Fund Inception 2025 Australia 5 6,071 7 8 Australian major cities we are PBSA assets under PBSA assets in prime Beds across portfolio locations invested in Y Suites • Managed 2
Slide 22: Alternative Investment Overview
Alternative Investment Overview • KK39 Ventures was incorporated, to drive diversification beyond the built environment, explore potential synergies with Wee Hur’s core business, and ensure long-term resilience in a competitive and maturing market. • KK39 Ventures is the alternative investment arm o
Slide 23: Financial Performance
Financial Performance
Slide 24: Financial Performance
Financial Performance $653 m $225 m $1.03 b $98 m $606 m $0.97 b $201 m $54 m 2024 2023 2024 2023 2024 2023 2024 2023 Profit to Equity Equity to Equity Revenue Total Assets Holders Holders S$ 201 m S$ 1.03 b S$ 54 m S$ 653 m (2023: S$ 225m) (2023: S$ 0.97 b) (2023: S$98 m) (2023: S$ 606 m)
Slide 25: Segment Performance - Development Properties Singapore
Segment Performance Properties Business, Singapore Revenue – Development Properties Singapore Development (S$ Millions) 2023 2024 • In FY2024, the Singapore development business saw a 52.69 decline of 14.1%, with revenue reaching S$45.26 million. • This is primarily due to fewer units sold in the Gr
Slide 26: Segment Performance - Worker Dormitory
Segment Performance Properties Business, Singapore Revenue – Investment Properties - Worker Dormitory Worker Dormitory (S$ Millions) 2023 • In FY2024, the worker dormitory business contributed strongly to the 2024 Group’s performance, with revenue rising 43.2% to S$84.61 million, 59.07 driven by a 9
Slide 27: Segment Performance - Properties Australia
Segment Performance Properties Business, Australia Segment Result – Development Properties Australia Development (S$ Millions) • In FY2024, the Australia development business’s segment result incurred a loss of S$10.06 million, primarily due to the recognition of an -7.13 impairment loss on developm
Slide 28: Segment Performance - Construction
Segment Performance Construction 2023 Revenue Building Construction (S$ Millions) 2024 • In FY2024, total construction revenue rose by 8.73% to S$123.74 million, driven primarily by increase in construction 106.15 activities. However, excluding revenue contributions from internal projects such as Ba
Slide 29: Segment Performance - Fund Management & Alternative Investment
Segment Performance Fund Management & Alternative Investment Fund Management (S$ Millions) 2023 Revenue – Fund Management 2024 • The fund management business generated a revenue S$5.54 5.88 million in FY2024. • This is derived from the management fees charged for the two PBSA funds currently managed
Slide 30: Segment Performance - PBSA Operation
Segment Performance PBSA Operation PBSA Operation (S$ Millions) 2023 Revenue – PBSA Operation 2024 • The PBSA operation business generated revenue of S$2.09 1.05 million in FY2024, derived from operator fees charged by the Group, which owns the Y Suites brand. • This is largely due to our Sydney ass
Slide 31: Dividend Recommendation
Dividend Recommendation • The Board is pleased to recommend a final one-tier tax- exempt dividend of $0.008 per ordinary share for FY2024, as announced on 28 February 2025. • Following the completion of the disposal of Fund I to Greystar, the Board is also pleased to recommend a special dividend of
Slide 32: ESG Sustainability
ESq Sustainability TSN ae—lU(G NS
Slide 33: Our Commitment to Sustainability
Our Commitment to Sustainability • At Wee Hur, sustainability is placed at the core of our business strategy. • We are committed to responsible growth, environmental stewardship, and creating a positive social impact. • In 2025, we published our 9th Annual Sustainability Report, reaffirming our dedi
Slide 34: Key Sustainability Focus Area
Key Sustainability Focus Area Climate Resilience Robust Governance Proactive Stakeholder • Climate resilience Practices Engagement measures are • We have established • We maintain open embedded into our strong governance dialogues with operations and processes to ensure employees, strategic planning
Slide 35: Environmental Initiatives
Environmental Initiatives Green Building Practices Energy Efficiency Climate Action Improvements • We promote • We actively adopt environmentally • Implemented Integrated solutions to reduce responsible building and Digital Delivery (“IDD”) energy consumption, construction practices in across projec
Slide 36: Social Responsibility
Social Responsibility Community Impact Through Wee Hur’s Inaugural Charity Wee Hur Foundation Golf • Our foundation supports • We will be organising our initiatives in: first Charity Golf in 9th July o Education 2025 at Tanah Merah Country Club. o Community development o ARC Children’s Centre o Heal
Slide 37: Looking Ahead
Looking Ahead • We will continue to enhance workplace safety through better systems, training, and technology adoption. • We aim to minimise our environmental footprint by expanding green practices and sustainable innovations in construction and operations. • We are committed to fostering sustainabl
Slide 38: Wee Hur's 45-Year Journey
Wee Hur’s 45-Year Journey • Wee Hur is celebrating a significant milestone in 2025, its 45th anniversary! • We would like to thank our Founders for 45 years of dedicated hard work, visionary foresight, and invaluable expertise that built this establishment. Founders of Wee Hur
Slide 39: Wee Hur's 45-Year Journey
Wee Hur’s 45-Year Journey • A highlight of these celebration will be our inaugural charity golf event. • It will be held at Tanah Merah Country Club on 9th July 2025, with proceeds supporting selected charitable organizations that align our CSR values and commitment to the community. • Donation Pack
Slide 40: Challenges Ahead
Challenges Ahead • While the Group expects a commendable outlook for our businesses in 2025, headwinds persist. • The escalation of trade tensions between major economies, resulting in massive reciprocal tariffs announced by the U.S. Government on 2 April 2025, has created a complex and dynamic busi
Slide 41: Thank You
oR BAA Wee Hur Hopines Ltp THANK YOU