United Overseas Australia Ltd · ASX:UOS
United Overseas Australia — Investor Presentation (September 2009)
28 slides from United Overseas Australia's investor presentation, Sep 10, 2009
Slide 1: Investor Presentation cover letter
UNITED OVERSEAS AUSTRALIA LTD ACN 009 245 890 Level 1, 252 Cambridge Street, Wembley, W.A. 6104 P.O. Box 60, Wembley, W.A. 6913 Tel: (+618) 9381 9266 • Fax: (+618) 9381 9611 For personal use only 10 September 2009 Company Announcements Manager Company Announcements Manager Australian Stock Exchange
Slide 2: UOA Group
UOA GROUP ‘oJ Fee 2009 MESS. =a
Slide 3: Important Notice
Important Notice This presentation may include certain forward looking statements. The actual results or future development of UOA Ltd may differ materially from those indicated by these forward looking statements as a result of various factors and uncertainties, including but not limited to price f
Slide 4: Results Overview, Financial Performance, Highlights, Outlook
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Slide 5: For personal use only
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Slide 6: Results Overview
Results Overview > Strong Financial Performance Profit After Tax & Minority Interests was A$83.48 mil for 1H 2009 > Sales revenue from property development activities increased by 131% to A$110.28 mil in for 1H 2009 against corresponding period. > 1H 2009 rental revenue of A$12.37mil on track to ach
Slide 7: Financial Performance
Financial Performance e UOA GROUP BUILDING EXCELLENCE
Slide 8: Profit & Loss Statement
Profit & Loss Statement Sales Revenue 110.28 47.75 131% TP Rental Revenue EPC 8.20 51% Tf EBITDA 70.93* 23.45* 202% tT PATMI 83.48 10.77 675% T PAT excl. FV 52.64** 16.18** 225% Tf Notes: “Excludes Fair Value Adjustments of A$72.04mil (2009) and other one-off item *“PAT excl. FV: Profit After Tax ex
Slide 9: Balance Sheet
Cash & Equiv Shareholders’ Funds Current Ratio Gearing Ratio Net Asset Value Per Share Balance Sheet 83.28 359.79 1.55 Net Cash A$0.59 1H 2008 63.16 225.66 1.92 0.019 A$0.43 Improved Improved Decreased Improved Improved UOA GROUP BUILDING EXCELLENCE
Slide 10: UOA Ltd Financial Performance
UOA Ltd Financial Performance Sales Revenue Land Development and 60,961 36,865 30,634 174,305 Resale Other Revenue from Operating Activities Investments* 30,956 21,972 111,670 24,595 Others 2,286 2,828 1,490 1,978 : 195,963 Gross Profit 27,912 14,093 13,392 Gross Profit Margin 45.8% 38.2% 43.7% 45.6
Slide 11: UOA REIT financial performance
1H 2008 Change +/(-) EELS Se 15.06 11.59 Revaluation Distibution 5.82 cents 4.48 cents Per Unit Total Assets 484.29 482.53 Note: UOA Ltd holds an effective and deemed interest of 45% and 71% respectively in UOA REIT. Exchange Rate used is AUD1 to RM2.8293 which is average of 2008 12% Tf 30% > = 30%
Slide 12: Highlights
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Slide 13: Development Properties
Development Properties e UOA GROUP BUILDING EXCELLENCE
Slide 14: Highlights — Development Properties
Highlights — Development Properties > For H1 2009, sales revenue of A$110.28 mil from development properties highest for 6 months since inception of UOA. > Mega development of Menara UOA Bangsar and Horizon, Phase 1 were successfully completed during the year well ahead of schedule > Pipeline develo
Slide 15: Highlights — Key Development: Menara UOA Bangsar High Tower
Highlights — Key Development Menara UOA Bangsar High Tower > 39 stories Class A Office Building in decentralised business district of Bangsar 90% with Sales Value of A$161.0mil Project is completed since June 2009 UOA has 60% effective interest in this project | VV Vv Menara UOA Bangsar High lower a
Slide 16: Highlights — Key Development: Horizon @ Bangsar South
Highlights — Key Development Horizon @ Bangsar South > 14 blocks of Boutique Office Tower > 8 blocks with Sales Value of A$122mil sold > 4 of 14 blocks retained as investment properties > Advance negotiations to sell remaining 2 blocks earmarked for sale > Project is completed in June 2009 > UOA has
Slide 17: Highlights — Key Development: Park Residences @ Bangsar South
Highlights — Key Development Park Residences @ Bangsar South HAN ui > Pre-Sales have commenced with strong take-up:- Begonia (290 units) — 66% Acacia (180 units) — 48% Construction is 40% completed To be completed by 2"4 quarter 2010 Pre-Sold with Sales Value of AUD62.0mil UOA has 100% interest in t
Slide 18: Investment Properties
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Slide 19: Highlights — Investment Properties
Highlights — Investment Properties > For 1H 2009, rental revenue of A$12.37 mil for 6 months marked the highest since the inception of UOA Group > UOA REITs properties portfolio and other commercial and residential properties remain resilient and enjoys strong occupancy > Menara UOA Bangsar (Low Tow
Slide 20: Highlights - UOA REITS
Highlights - UOA REITS > UOA REIT owns rpalority parcels in 4 major commercial buildings in Kuala Lumpur with total lettable area of 882,572 sq ft and 1,479 car parking bays with total assets of RM484.29 mil > All properties portfolios continue to resilient and high occupancy > Distribution per unit
Slide 21: Highlights - Investment Properties: Wisma UOA Damansara II
Highlights - Investment Properties Wisma UOA Damansara Il > 16 Storey Class A Building in the decentralised business district of Damansara Heights > Lettable area of 300,000 sq ft with 600 car parking bays Completed in Dec 07 Occupancy at resilient 89% Tenants are mainly multinationals Potential ass
Slide 22: Highlights - Investment Properties: Menara UOA Bangsar Low Tower
Highlights - Investment Properties Menara UOA Bangsar Low Tower Vv 23 Storey Class A Office Building in decentralised business district of Bangsar Office will have lettable area of 250,000 sq ft Retail will have lettable area of 50,000 sq ft eo ere ty 1,200 car parking bays H Completed in June 2009
Slide 23: Outlook
For personal use only
Slide 24: Horizon @ Bangsar South Phase II
Horizon @ Bangsar South Phase II * Scheduled for pre-leasing / pre-sales to commence in 2009 * Total area estimated at 500,000 sq ft comprise 4 blocks specifically targeted at financial institutions, share services and large corporate * Estimated Gross Development Value of A$110.0mil * Construction
Slide 25: Sri Desa Condominium & Commercial Centre
Sri Desa Condominium & Commercial Centre * Commercial Centre consist of approximately 500,000 sq ft of commercial and office space for sale 24 units of luxury condominium Estimated Gross Development Value estimated at A$100.0mil Construction is expected to commence by Q2 2010 c= Sri Desa Condominium
Slide 26: Financial Strength and Capital Management
Financial Strength and Capital Management ¢ Net cash position with strong balance sheet provide good opportunities and financial flexibility to seek out attractive investment opportunities * Ample liquidity for good dividend payout Development and Investment Portfolios * Good earnings visibility to
Slide 27: Development and Investment Portfolios (cont'd)
Development and Investment Portfolios (cont’d) ¢ Existing land held for future development is all located in Kuala Lumpur and nearby mature neighborhoods with total saleable area of more than 800,000 sq m of residential and commercial space provide a platform for future growth ¢ Existing investment
Slide 28: Thank you
United Overseas Australia Ltd Thank you Contact Australia Alan Winduss alan_winduss@winduss.com.au Malaysia/Singapore Eugene Lee / Kong Sze Choon eugene@uoa.com.my / sckong@uoa.com.my Tel: +618 9381 9266 Tel: +603 2161 9261 y —\ ad UOA GROUP BUILDING EXCELLENCE
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