Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Hwa Hong — Shareholder Meeting (May 2020)
11 slides from Singapore Exchange's shareholder meeting presentation, May 22, 2020
Slide 1: Hwa Hong Corporation Limited 67th Annual General Meeting
HWA HONG CORPORATION LIMITED 67th Annual General Meeting 22 May 2020, 10am Via Live Webcast and Audio Private and Confidential 1
Slide 2: Our FY2019 Operating Performance
OUR FY2019 OPERATING PERFORMANCE 2 SGDm FY2018 FY2019 Change Revenues 10.4 14.5 39% EBITDA 8.2 12.1 47% Gross profit (“GP”) 3.7 10.8 192% Net profit after tax (“NPAT”) 4.4 6.5 48% Earnings per share (cts) 0.67 0.99 48% Net assets per share 28.98 29.18 0.7% FY2019 revenue was higher at S$14.5m (FY2
Slide 3: Our FY2019 Financial Highlights
OUR FY2019 FINANCIAL HIGHLIGHTS 3 Gearing Payout Market valuation Net gearing ratio1 42% Payout ratio 101.01% P/BV (cost2) 0.96x Total debt S$79.4m NPAT S$6.5m P/BV (FMV3) 0.62x Net assets S$190.5m Dividend S$6.5m Market cap. 183m Cash S$39.5m Dividend yield 3.13% Based on share price of S$0.28 St
Slide 4: Our Business in FY2019: Segmental PBT and Portfolio Allocation
OUR BUSINESS IN FY2019 4 SEGMENTAL PBT AND PORTFOLIO ALLOCATION Portfolio Allocation UK Resi. 15% SG Ind. (data ctr) 28% UK Office 31% SG Resi. 5% SG Office 20% Vietnam (mixed use) 1% Note: 1. Based on 31 Dec 2019 valuations (excl. any tax effects) 2. Orchard Medical and Orchard Towers was based on
Slide 5: Our Portfolio Life Cycle
OUR BUSINESS IN 2019 5 OUR PORTFOLIO LIFE CYCLE Transaction Design Build Leasing & rent On-going asset sourcing & & planning & stabilization or management for acquisition permission value-add development recurring income sales No acquisitions in Kilmuir House 253 Jln Besar Neo Bankside 110 Paya Leba
Slide 6: Key Developments in 2019
OUR BUSINESS IN 2019 6 KEY DEVELOPMENTS IN 2019 DESIGN & PLANNING BUILD & VALUE-ADD LEASE STABILISATION & SALES/EXITS Kilmuir House 253 Jln Besar 20 Garrett St • Planning submission targeted for • Construction underway • Rent review negotiations underway 2H2020 • Completion expected 1Q2021 Rivergate
Slide 7: Looking Ahead into 2020/2021
LOOKING AHEAD INTO 2020/2021 7 FOCUS ON NAVIGATING OUR WAY THROUGH THE COVID-19 CRISIS KEY RISKS & CONCERNS Economic impact of COVID-19 on supply chains, trade and demand US-China trade row worsening with COVID-19 as a catalyst COVID-19 impact on the global financial system, bank lending and a
Slide 8: Our Business – Potential COVID-19 Impact
OUR BUSINESS – POTENTIAL COVID-19 IMPACT 8 OUR REAL ESTATE STRATEGY Property Rent rebates Yields & cap Vacancy rates values & holidays rates & defaults Project delays Possible impact Singapore: As yet unknown Possible impact Delays to on valuations Government tax due to on valuations projects due to
Slide 9: Shareholder Communication (Q&A)
SHAREHOLDER COMMUNICATION (Q&A) 9 1. What is the impact of Covid-19 on the rental income of its properties in London and Singapore for FY2020? 2. What is the impact on the Group’s UK business post Brexit? 3. Any plans to expand on the income stream of the Group beyond rental income? 4. Are Allen Hou
Slide 10: Shareholder Communication (Q&A)
SHAREHOLDER COMMUNICATION (Q&A) 10 6. Hwa Hong’s HQ building at south bridge road has a short leasehold left on it. What’s the longer-term plan for this asset? 7. What is the plan and timeline for development of the land at 253 Jalan Besar? 8. What are the latest developments on the real estate mana
Slide 11: Thank you
HWA HONG CORPORATION LIMITED Thank you Private and Confidential 11