Frasers Property Ltd. · SGX:TQ5
Frasers Property — FY2021 Earnings Presentation
95 slides from Frasers Property's earnings presentation, Nov 12, 2021
Slide 1: Financial Results for the full year ended 30 September 2021
Financial Results for the full year ended 30 September 2021 12 November 2021 Frasers Tower, Singapore
Slide 2: Important notice
Important notice • Statements in this presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results,
Slide 3: Glossary
Glossary Frasers Property entities Additional notes ARF : AsiaRetail Fund Limited FTREIT : Frasers Property Thailand Industrial • In the tables, the arrow direction indicates the FCT : Frasers Centrepoint Trust Freehold & Leasehold REIT increase (up) or decrease (down) of the absolute FCOT : Frasers
Slide 4: Contents
Contents Key highlights Results and financials Business unit highlights • Singapore • Australia • Industrial • Hospitality • Thailand & Vietnam • Others 5 Capri by Fraser, Leipzig, Germany
Slide 5: Key Highlights
Key Highlights Hermes, Hamburg, Germany
Slide 6: Earnings boosted by robust industrial performance
Earnings boosted by robust industrial performance Industrial & logistics (“I&L”) continues to drive earnings, offsetting weaker residential and hospitality performance Revenue Cash & deposits1 S$3,763.8 m S$3.8 b ▲ 4.6%2 ▲ 13.8%2 PBIT3 Total assets S$1,424.7 m S$40.3 b ▲ 14.4%2 ▲ 3.9%2 Attributable
Slide 7: Strengthening platforms and building capabilities for sustainable growth
Strengthening platforms and building capabilities for sustainable growth Aptitude and fortitude to overcome adversity while capitalising on growth opportunities Robust Build Future- Firm base to support portfolio resilience Business Ready Continued investment in capabilities, and take advantage of p
Slide 8: Actively managing property portfolio
Actively managing property portfolio Poised to benefit from new economy and e-commerce opportunities Enhancing portfolio resilience Ready to capitalise on stronger market fundamentals through growing exposure to I&L and commercial & business parks Focused growth of I&L and commercial & business park
Slide 9: Adopting a rigorous and disciplined approach to optimise returns
Adopting a rigorous and disciplined approach to optimise returns Driving investment properties portfolio income through operating capabilities while maintaining stable occupancy rates Rigorous asset management and operations to drive returns amid the gradual macroeconomic recovery • Achieved ~1,157,
Slide 10: Focused on residential segments with robust underlying demand
Focused on residential segments with robust underlying demand Steady sales activity and settlements Prudent approach to developments while evolving offerings Sustained level of unrecognised revenue1 provide to meet customer requirements and market trends earnings and cashflow visibility • Healthy le
Slide 11: Building future-ready capabilities
Building future-ready capabilities Investing in technology and innovation Enhance customer experience and offering through innovation and technology Seamless omnichannel Smart applications for shopping experience through World's 1st on-demand enhanced customer workspace solution Frasers eStore – eng
Slide 12: Making sustainability a core part of our DNA
Making sustainability a core part of our DNA Progressing on our sustainability processes and performance Topped Global Real Since our first green The customised Introduced a Group Signed a seven-year Estate Sustainability loan in September sustainability Responsible Sourcing renewable energy Benchma
Slide 13: Effective capital management fuels growth and boosts financial agility
Effective capital management fuels growth and boosts financial agility Increased focus on green and sustainable financing • Completed rights issue in April 2021, raised net proceeds of Optimised debt maturities profile approximately S$1.16 billion • Approximately S$171 million of proceeds utilised i
Slide 14: Initiatives in line with three-pronged approach to portfolio management
Initiatives in line with three-pronged approach to portfolio management Focused on generating sustainable growth and long-term shareholder value Corporate and business developments in FY21 Our three-pronged approach: Sustained level of unrecognised residential revenue and leasing demand 1 • Healthy
Slide 15: Focused and scalable platforms support portfolio resilience
Focused and scalable platforms support portfolio resilience Well-diversified across asset class and geography S$42.6 billion AUM1 across five asset classes Synergistic end-to-end business space Suburban malls at transportation Long-stay and leisure Delivering quality homes solutions provider across
Slide 16: Enhancing business resilience and building a future-ready business
Enhancing business resilience and building a future-ready business The Group will continue to execute its strategic Business priorities over the next 24 months: action plan to strengthen its foundation and deliver sustainable growth. 1 Health, safety and well-being remains top of the agenda Foundati
Slide 17: Results and Financials
Results and Financials Farnborough Business Park, United Kingdom
Slide 18: Results boosted by higher contributions from I&L business
Results boosted by higher contributions from I&L business Stronger numbers from I&L properties partially offset by lower residential and hospitality contributions • Results boosted by higher contributions from I&L business due to recognition of a one-time gain on the change in use of a portfolio of
Slide 19: Improved PBIT in Australia and Industrial segments
Improved PBIT in Australia and Industrial segments Higher industrial contribution offset by lower residential and hospitality contributions Business Segment FY21 FY20 Change Remarks • Lower contributions due to the absence of FCOT’s results following Singapore S$270.7 m S$312.7 m ▼ 13.4% the formati
Slide 20: Diversified across asset classes
Diversified across asset classes of the Group’s property assets1 as 88% at 30 September 2021 are in recurring income asset classes 68% of the Group’s FY21 PBIT2 was recurring income Property assets1 by asset class ($b) PBIT2 by income sources ($m) Total Residential, 4.1, Total 1,362 12% 1,291 Total
Slide 21: Diversified across geographies
Diversified across geographies of the Group’s property assets1 are 84% in key markets of Singapore, Australia and Europe 83% of the Group’s FY21 PBIT2 was generated from key markets of Singapore, Australia and Europe Property assets1 by geography ($b) PBIT2 by geography ($m) Total Total 1,362 1,291
Slide 22: Balance sheet remains healthy
Balance sheet remains healthy As at As at Proactive steps to manage gearing as part of Key Financials Change active capital management 30 Sep 21 30 Sep 20 Total equity1 S$18,330.5 m S$15,115.3 m ▲ 21.3% 120% 1 2 110% 105.0% 3 Cash and bank deposits2 S$3,779.4 m S$3,322.0 m ▲ 13.8% 99.3% 97.6% 100% N
Slide 23: Well-distributed debt maturities
Well-distributed debt maturities Group has more than adequate resources to repay / refinance debts due in FY22 As at As at Debt maturity profile Key Financials Change S$ m 30 Sep 21 30 Sep 20 5,000 4,849 Fixed rate debt1 75.4% 61.8% ▲ 13.6 pp 4,500 4,209 Average weighted 2.4 Years 2.6 Years ▼ 0.2 Ye
Slide 24: Dividends
Dividends FY21 FY20 Interim Dividend Temporarily suspended Temporarily suspended First and Final Dividend 2.0 Singapore cents 1.5 Singapore cents Total Dividend 2.0 Singapore cents 1.5 Singapore cents 1.7% 1.3% Dividend Yield (based on FPL closing share price of (based on FPL closing share price S$1
Slide 25: Business Unit Highlights: Singapore
Business Unit Highlights Singapore Tampines 1, Singapore
Slide 26: Delivering quality residential developments in Singapore
Delivering quality residential developments in Singapore Steady progress at current residential projects • Seaside Residences attained Temporary Occupation Permit in February Macro Drivers and Industry Trends 2021 and was fully sold as at March 2021 • Riviere 36.3% sold with target completion in 1H
Slide 27: Singapore investment properties portfolio remain resilient
Singapore investment properties portfolio remain resilient Strengthening commercial and retail management capabilities • Strengthening commercial and retail management capabilities Macro Drivers and Industry Trends • Launch of Frasers eStore to enhance retail user experience • Launch of agents’ e-po
Slide 28: FCT's FY21 revenue up 107.5% to S$341.2 million
FCT’s FY21 revenue up 107.5% to S$341.2 million Financial performance boosted by enlarged portfolio after ARF Acquisition Operational and Transaction Highlights • Retail portfolio1 occupancy improved 0.9 pp Q-o-Q to 97.3% as at 30 September 2021 • A total of 459 retail leases renewed in FY21, year-t
Slide 29: Singapore PBIT supported by resilient suburban mall performance
Singapore PBIT supported by resilient suburban mall performance Segment FY21 FY20 Change Remarks • Lower contributions mainly due to project provision, timing of Residential (S$90.6 m) (S$38.2 m) ▲ 137.2% project completion and marketing costs Retail S$310.3 m S$269.6 m ▲ 15.1% • Lower contribution
Slide 30: Business Unit Highlights: Australia
Business Unit Highlights Australia The Waterfront, Shell Cove, NSW, Australia
Slide 31: Residential portfolio in Australia remains resilient
Residential portfolio in Australia remains resilient Positive economic conditions and government stimulus continue to drive strong sales and settlements • Focused on pipeline replenishment Macro Drivers and Industry Trends • Secured ~3,000 sqm site in Newstead, QLD in July 2021; expected to yield ~1
Slide 32: Australia investment portfolio continues to face operating headwinds
Australia investment portfolio continues to face operating headwinds Commercial tenants evaluating office requirements for a post-COVID environment • Active office leasing efforts to drive occupancy Macro Drivers and Industry Trends • Pressure on office portfolio metrics due to vacancies across Rhod
Slide 33: Australia PBIT driven by stronger development portfolio performance
Australia PBIT driven by stronger development portfolio performance • Improved development earnings due to higher level of completions and settlements; partially offset by weaker investment portfolio performance Segment FY21 FY201 Change Remarks • Higher level of settlements in FY21, with 2,327 resi
Slide 34: Business Unit Highlights: Industrial
Business Unit Highlights Industrial 4Ten Epping, VIC, Australia
Slide 35: Stable I&L development pipeline
Stable I&L development pipeline Continued strong demand from high quality tenants Ten assets to be delivered in FY22 and one asset in FY23 • Completed eight assets totalling S$406 million GDV (six in Australia and two in Europe) with ~202,000 sqm, seven assets held S$450m Total investment on balance
Slide 36: Robust I&L portfolio performance in Australia and Europe
Robust I&L portfolio performance in Australia and Europe Strong leasing activity underpinned by quality tenant profile • High occupancy with quality tenant profile Macro Drivers and Industry Trends • Realised strong leasing activity1 Strong tenant demand arising from growth in e-commerce8 • ~443,000
Slide 37: FLCT's distributable income increased 34.3% Y-o-Y
FLCT’s distributable income increased 34.3% Y-o-Y1 Maintained high portfolio occupancy of 96.2%2 and WALE of 4.8 years2 Operational and Transaction Highlights • Completed ~152,000 sqm of leasing across industrial and commercial portfolio in 4Q FY21, totalling ~353,000 sqm for FY2021 • Reinforced cor
Slide 38: Industrial PBIT driven by enlarged REIT portfolio
Industrial PBIT driven by enlarged REIT portfolio One-time gain on change in use boosted PBIT Segment FY21 FY201 Change Remarks • Gain recognised on the change in use of properties held for Non-REIT S$484.1 m S$81.4 m N/M sale reclassified to investment properties • Enlarged property portfolio gave
Slide 39: Business Unit Highlights: Hospitality
Business Unit Highlights Hospitality Modena by Fraser, Nanjing, China
Slide 40: Hospitality business poised to capitalise on market recovery
Hospitality business poised to capitalise on market recovery Focused on effectively executing recovery plans • Benefiting from well-laid recovery plans amid evolving situation Macro Drivers and Industry Trends • Capturing pockets of demand as lockdowns ease in Europe • Malmaison & Hotel du Vin (“MHD
Slide 41: Hospitality portfolio metrics
Hospitality portfolio metrics1 Improved performance boosted by domestic travel and increased vaccination rates North Asia FY21 FY20 Change • Localised impact from regional small scale outbreaks of COVID-19 but properties continue to be cushioned by long stay corporate base and domestic travel AOR 47
Slide 42: FHT's performance remains impacted by the COVID-19 pandemic
FHT’s performance remains impacted by the COVID-19 pandemic Distribution per stapled security ("DPS") down as the pandemic impacted full 12 months of performance in FY21 Operational and Transaction Highlights • As the onslaught of COVID-19 pandemic began in February 2020 and has not fully abated to
Slide 43: COVID-19 pandemic continues to weigh on hospitality PBIT
COVID-19 pandemic continues to weigh on hospitality PBIT Decline in revenue per available room (“RevPAR”) affected contributions Segment FY21 FY201 Change Remarks • Lower contributions as RevPAR declined due to the COVID-19 Non-REIT (S$9.3 m) S$1.4 m N/M pandemic • Lower contributions from most of t
Slide 44: Business Unit Highlights: Thailand and Vietnam
Business Unit Highlights Thailand and Vietnam Golden Neo Ngamwongwan-Prachachuen, Bangkok, Thailand
Slide 45: Integrated FPT platform remains resilient despite a challenging year
Integrated FPT platform remains resilient despite a challenging year Corporate Developments and Financial Performance • With assets in excess of ~S$4.5 billion1 as at 30 September 2021, FPT is among the five largest property developers in Thailand by asset size • FPT’s robust platform with cross-ass
Slide 46: Well-positioned to ride on Thailand's residential market recovery
Well-positioned to ride on Thailand’s residential market recovery Leverage digitalisation and data analytics to enhance customer experience • Fourteen projects launched during the year with total value of Macro Drivers and Industry Trends ~S$690 million provided a strong boost to sales performance •
Slide 47: Strong industrial performance with healthy leasing growth
Strong industrial performance with healthy leasing growth Growing demand for logistics and industrial properties • Portfolio occupancy reached a five-year record high at ~85%; FPT Macro Drivers and Industry Trends achieved net leasing growth of >170,000 sqm Logistics property will continue to benefi
Slide 48: High occupancy of mature commercial assets adds to resilience
High occupancy of mature commercial assets adds to resilience Core and Flex office offerings in prime and well-located office buildings enhance value proposition for tenants • Maintained high occupancy of 94% for the prime and mature assets within the Macro Drivers and Industry Trends commercial por
Slide 49: Focused on developing an integrated Vietnam platform
Focused on developing an integrated Vietnam platform Performance remained resilient during the pandemic • Completed construction of Q2 Thao Dien1 high-rise component in February Macro Drivers and Industry Trends 2021, as planned; handed over 86% of high-rise units and 100% of retail units; recorded
Slide 50: Thailand & Vietnam reported PBIT of S$197 million
Thailand & Vietnam reported PBIT of S$197 million Segment FY21 FY20 Change Remarks • Lower level of settlements from residential projects in Thailand due to fewer launches Thailand & Vietnam S$196.7 m S$265.4 m ▼ 25.9% • Partially offset by settlements of Q2 Thao Dien project in Vietnam Golden Neo 2
Slide 51: Business Unit Highlights: Others
Business Unit Highlights Others The Rowe – formerly Central House, London, UK
Slide 52: Stable performance in China supported by robust demand
Stable performance in China supported by robust demand Residential property market in Shanghai remains resilient • Residential portfolio remains in demand • Opus One1 residential development (359 units) in Shanghai, fully sold2 and on Macro Drivers and Industry Trends schedule to hand over units by
Slide 53: UK business is well-positioned for growth
UK business is well-positioned for growth Steady operating metrics provides stability against headwinds • Continued to achieve steady residential sales Macro Drivers and Industry Trends • Sold final two units at ‘Camberwell on the Green’ • Solid progress at ‘Riverside Quarter’, with 19 sales complet
Slide 54: China and UK reported PBIT of S$117 million
China and UK reported PBIT of S$117 million Segment FY21 FY20 Change Remarks • Reduced contribution from lower level of settlements of 199 residential units and 29 office and retail units in FY21 China S$57.1 m S$252.2 m ▼ 77.4% compared to 552 residential units and 140 office, warehouse and retail
Slide 55: Appendix I
Appendix I Century Square, Singapore
Slide 56: Overview of Frasers Property
Overview of Frasers Property Multi-national real estate company with multi-segment expertise • S$42.6 billion AUM1 across five asset classes • Four main SBUs – Singapore, Australia, Singapore Australia Thailand & Vietnam Others2 Industrial Hospitality Hospitality, Industrial; as well as Thailand & V
Slide 57: Frasers Property approach to portfolio management
Frasers Property approach to portfolio management Sustainable earnings growth Balanced portfolio Optimised capital productivity Achieve sustainable earnings growth Grow portfolio in a balanced manner Optimise capital productivity through significant development across geographies through REIT platfo
Slide 58: Earnings visibility from residential development pipeline
Earnings visibility from residential development pipeline 5,587 6,501 10,219 18,865 units settled units launched units sold pipeline units in FY21 in FY21 in FY21 as at 30 September 2021 Pre-sold revenue FY21 pre-sold revenue1 amounts to S$1.8 billion S$ b Total: 3.5 Total: 3.4 3.1 0.3 3.0 0.5 2.5 T
Slide 59: Diversified across asset classes and geographies
Diversified across asset classes and geographies Property assets1 by asset class Property assets1 by geography China, Others2, 88% Residential, 4.1, 0.5, 1% 0.8, 2% 12% Thailand, Industrial & 4.3, 13% logistics, of the Group’s 10.5, 31% Singapore, property assets1 as Total Total 12.3, 36% Retail, at
Slide 60: Scaled platforms in Singapore, Australia and Thailand
Scaled platforms in Singapore, Australia and Thailand Singapore breakdown by Australia breakdown by Thailand breakdown by asset classes as at 30 Sep 21 asset classes as at 30 Sep 21 asset classes as at 30 Sep 21 (S$ ’m) (S$ ’m) (S$ ’m) 838.2, 1,375.7, 1,927.5, 8% 14% 417.7, 9% 1,411.7, 13% 157.2, 3%
Slide 61: Active capital management to optimise capital productivity
Active capital management to optimise capital productivity Capital recycling via the Group’s REITs, capital partnerships, and sales to third parties FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 S$8.1 b recycled via the Recycling via the S$808 m S$447 m S$1,700 m S$240 m S$1,003 m S$1,185 m S$2,359 m S$38
Slide 62: Frasers Property Singapore Business Unit Overview
Frasers Property Singapore Business Unit Overview • One of the largest retail mall / office owners and/or operators in Singapore, with established REITs that Retail properties NLA facilitate efficient capital recycling breakdown4(sqm) • Among the top residential property developers in Singapore, wit
Slide 63: Frasers Property Singapore REIT – FCT
Frasers Property Singapore REIT – FCT • 41.1% stake in FCT, which owns a retail portfolio of nine suburban malls1 • FCT holds 31.2% of the units in Hektar Real Estate Investment Trust S$6.1b Total Assets2 Portfolio Country Properties FY21 NPI value3 9 Well-located suburban retail properties • Causew
Slide 64: Frasers Property Australia Business Unit Overview
Frasers Property Australia Business Unit Overview • One of Australia’s leading diversified property groups • ~14,000 pipeline residential development units1,2 • Market leader in complex mixed-use masterplanned development Brookhaven • National presence in all major markets across Australia with asse
Slide 65: Frasers Property Industrial Business Unit Overview
Frasers Property Industrial Business Unit Overview • Multi-national expertise in the industrial property sector The Netherlands • Capabilities in development management, asset management and • 6 REIT assets Germany • 1 Non-REIT asset • 29 REIT assets investment management • 18 Non-REIT assets • Netw
Slide 66: Frasers Property Industrial REIT – FLCT
Frasers Property Industrial REIT – FLCT • 21.3% stake in logistics & commercial trust with 103 quality properties • FLCT is included as a constituent of the STI (Straits Times Index) from 13 April 2021 S$7.3 b Portfolio value1 • FLCT is a constituent of the FTSE EPRA/NAREIT Global Real Estate Index
Slide 67: Frasers Hospitality Business Unit Overview
Frasers Hospitality Business Unit Overview • Well-established hospitality brands with quality assets in prime locations Breakdown of total units by geography2 • Strong and established international footprint 10,000 • Scalable operations across 70 cities and 21 countries Total: 8,378 8,000 1,583 Tota
Slide 68: Frasers Hospitality Stapled Trust – FHT
Frasers Hospitality Stapled Trust – FHT • 25.8% stake in global hotel and serviced residence trust; 15 quality assets Country Properties Portfolio value1,2 FY21 NPI 9 Gateway cities • One hotel Singapore • One serviced residence S$798.0 m (36%) 21% 3,913 Keys • Three hotels S$723.8 m Australia 43% •
Slide 69: Frasers Property Thailand Business Unit Overview
Frasers Property Thailand Business Unit Overview Chiang Rai • 81.8%1 deemed interest in FPT, a leading integrated real estate Chiang Mai Lumphun S$3.4 b Warehouse & platform and one of the five largest property developers in Thailand 903 assets Factory AUM4 • Holds a ~ 26.6%, ~ 23.5%, and ~ 33.0% st
Slide 70: Frasers Property Vietnam Business Unit Overview
Frasers Property Vietnam Business Unit Overview • Building an integrated platform with a resilient portfolio • Residential – 333 apartment units and 13 shop-lots units completed in February 2021, 18 landed units will be completed by December 2021 • Commercial – office NLA close to 22,500 sqm • Indus
Slide 71: Frasers Property China Business Unit Overview
Frasers Property China Business Unit Overview • Owner, developer and operator of a diverse portfolio of properties in China • 11,984 homes built to date • 4 projects under development • ~2,160 units1 in the land bank • S$0.2 billion2 unrecognised revenue Gemdale Megacity, Shanghai Chengdu Logistics
Slide 72: Frasers Property UK Business Unit Overview
Frasers Property UK Business Unit Overview • One of the largest business parks owners and/or managers in the UK S$2.1 b Business park • Six business parks located west of London along the M3 and M4 corridors, 7 assets AUM1 including two managed on behalf of FLCT, and one business park in Glasgow Bus
Slide 73: Appendix II
Appendix II Eastern Creek Business Park, NSW, Australia
Slide 74: Frasers Property Singapore Notes on profit recognition
Frasers Property Singapore Notes on profit recognition1 Notes on profit recognition Estimated total saleable area Target Project Effective share (%) Total no. of units % of units sold2 % completed3 (’000 sqm) completion date Seaside Residences 40 843 100.0 100.0 68 Completed Rivière 100 4554 36.3 46
Slide 75: Residential / Mixed Use – Notes on profit recognition
Frasers Property Australia Residential / Mixed Use – Notes on profit recognition Estimated total Effective share Total no. % of Target Project1 saleable area (%) of units2 units sold completion date (’000 sqm) Burwood East (Burwood Brickworks, Plaza Garden Apt) - HD, VIC 100 70 98.6 4.7 Completed Ea
Slide 76: Residential / Mixed Use – Notes on profit recognition
Frasers Property Australia Residential / Mixed Use – Notes on profit recognition Estimated total Effective share Total no. % of Target Project1 saleable area (%) of units2 units sold completion date (’000 sqm) Blacktown (Fairwater) - MD, NSW 100 827 96.6 n/a 4Q FY23 Edmondson Park (Ed.Square, The Ar
Slide 77: Residential / Mixed Use – Notes on profit recognition
Frasers Property Australia Residential / Mixed Use – Notes on profit recognition Estimated total Effective share Total no. % of Target Project1 saleable area (%) of units2 units sold completion date (’000 sqm) Mandurah (Frasers Landing) - L3, WA 100 608 41.9 n/a 2029 3 North Coogee (Port Coogee) - L
Slide 78: Residential – Land bank
Frasers Property Australia Residential – Land bank Effective share Estimated total Estimated total saleable area Project1 (%) no. of units2 (’000 sqm) Macquarie Park (Midtown MacPark) - HD, NSW PDA3 1874 138.8 Deebing Heights (Flourish) - L, QLD 100 926 n/a Edmondson Park (Ed.Square) - HD, NSW 100 8
Slide 79: Retail – Notes on profit recognition and land bank
Frasers Property Australia Retail – Notes on profit recognition and land bank Notes on profit recognition Development for internal pipeline Effective share (%) Total area (’000 sqm) % Revenue to go Target completion date Horsley Park (Eastern Creek Quarter, Stage 2), NSW PDA1 11.3 100 3Q FY22 Land b
Slide 80: Build-to-rent – Notes on profit recognition
Frasers Property Australia Build-to-rent – Notes on profit recognition Effective share Total no. Target Project1 (%) of units2 completion date Fortitude Valley (Brunswick & Co.) – HD, QLD 100 366 4Q FY24 1. L – Land, H/MD – Housing / medium density, HD – High density, R – Mixed use retail. 2. Includ
Slide 81: Frasers Property Industrial Notes on profit recognition
Frasers Property Industrial Notes on profit recognition Australia - Development for internal pipeline Effective share (%) Total area (’000 sqm) % to go Target completion date Dandenong South (Spec), VIC 100 22.6 100 4Q FY22 Tarneit (Spec), VIC 100 27.9 100 3Q FY22 Braeside (IVE Group), VIC 100 30.8
Slide 82: Land bank
Frasers Property Industrial Land bank Estimated total saleable area Australia - Industrial Effective share (%) Type (’000 sqm) Stapylton, QLD 100 Industrial 484.5 Kemps Creek West, NSW 49.9 Industrial 377.2 Epping, VIC 100 Industrial 348.5 Kemps Creek East, NSW 100 Industrial 343.9 Dandenong South,
Slide 83: Land bank
Frasers Property Industrial Land bank Estimated total saleable area Europe - Industrial Effective share (%) Type (’000 sqm) Dusseldorf, Germany 100 Industrial 141 Bemmel, Netherlands 100 Industrial 105 Breda Posthoren, Netherlands 100 Industrial 99 Gaggenau, Germany 100 Industrial 79 Gunzburg, Germa
Slide 84: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date (’000 sqm) Golden Neo Sathorn 59.32 237 99.6 38.8 Completed De Pine 59.32 213 99.1 99.1 Completed The Island (Courty
Slide 85: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date (’000 sqm) Golden City Sathorn 59.32 119 52.1 10.6 3Q FY22 Golden Town 2 Bangkae 59.32 312 53.2 22.8 4Q FY22 Golden
Slide 86: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date (’000 sqm) Golden Town Phaholyothin-Saphanmai 59.32 495 46.5 36.4 4Q FY23 Golden Town Sukhumvit-Lasalle 59.32 239 41
Slide 87: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date (’000 sqm) Golden Neo Sukhumvit-Lasalle 59.32 154 14.9 25.4 3Q FY24 Golden Neo Ngamwongwan-Prachachuen 59.32 118 16.
Slide 88: Residential – Land bank
Frasers Property Thailand Residential – Land bank Effective share Site Estimated total no. of units Estimated total saleable area (’000 sqm) (%) Bangna 59.32 495 36,562.4 Rama 2 59.32 1,510 148,040.0 Chiangrai 59.32 900 41,389.8 Bangkae 59.32 116 8,203.8 Ramintra-Wongwaen 59.32 2 9,155.2 Rattanathib
Slide 89: Commercial & Retail – Notes on profit recognition
Frasers Property Thailand Commercial & Retail – Notes on profit recognition Development for internal pipeline Effective share (%) Total area (’000 sqm) Target completion date Silom Edge – Bangkok CBD 59.32 21 4Q FY22 We are Frasers Property 90
Slide 90: Industrial & Logistics – Notes on profit recognition
Frasers Property Thailand Industrial & Logistics – Notes on profit recognition Development for internal pipeline Effective share (%) Total area (’000 sqm) Target completion date Frasers Property Logistics Center, Wangnoi Ayutthaya 59.63 21 Completed Frasers Property Logistics Park, Wangnoi 2 Ayuttha
Slide 91: Industrial & Logistics – Land bank
Frasers Property Thailand Industrial & Logistics – Land bank Site Effective share (%) Type Total land area (’000 sqm) Northern Bangkok 59.63 Industrial 110 Central Region 59.63 Industrial 35 Eastern Region 59.63 Industrial 273 Outer Region 59.63 Industrial 702 Northern Bangkok 59.63 Logistics 927 Ce
Slide 92: Frasers Property China Notes on profit recognition
Frasers Property China Notes on profit recognition1 Estimated total saleable Target completion Project Effective share (%) Total no. of units2 % of units sold3 area (’000 sqm) date Baitang One (Phase 3B), Suzhou 100 380 91.6 58 Completed Baitang One (Phase 3C2), Suzhou 100 380 100 50 Completed Cheng
Slide 93: Land bank
Frasers Property China Land bank Site Effective share (%) Estimated total no. of units Estimated total saleable area (’000 sqm) Chengdu Logistics Hub (Phase 2A), Chengdu 80 1791 81 Gemdale Megacity (Phase 4E), Songjiang, Shanghai 45 1012 15 1. Warehouse/office units. 2. Retail units. 3.Residential u
Slide 94: Frasers Property UK Notes on profit recognition
Frasers Property UK Notes on profit recognition1 • Frasers Property UK Estimated total saleable Target completion Residential Project Effective share (%) Total no. of units2 % of units sold area (’000 sqm) date Five Riverside Quarter 100 149 98% 12.5 Completed Seven Riverside Quarter 100 87 87% 8.4
Slide 95: Inspiring experiences, creating places for good.
Inspiring experiences, creating places for good.