UOL Group Limited · SGX:U14
UOL — Investor Presentation (May 2013)
27 slides from UOL's investor presentation, May 13, 2013
Slide 1: Investor Meeting Presentation
Investor Meeting Presentation 13 May 2013 1
Slide 2: Agenda
• COMPANY OVERVIEW • 1Q2013 RESULTS OVERVIEW • OPERATION HIGHLIGHTS • Q&A 2
Slide 3: Company overview: founded 1963, three core businesses
• Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development (residential units for sale) - Property investments (offices, retail malls and serviced suites) - Hotel operations (owned and/or managed hotels) • Award-winning developer noted for architectural
Slide 4: Stable Management Team and strengths
Stable Management Team Strong Nimble & Capital Focused on Position Strategic Fit Well Proven Track Diversified Record Portfolio Design & Quality Excellence
Slide 5: Group structure and business segments
Residential Developments Property Wholly-owned projects Development Joint-venture projects Commercial Properties/Serviced Suites Wholly-owned properties Property Joint-venture properties Investments UNITED INDUSTRIAL CORPORATION LIMITED (43%) MARINA CENTRE HOLDINGS PTE LTD (23%) Hotel Investments PA
Slide 6: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Japan, Bangladesh, USA & Canada 6
Slide 7: Ten-year financial summary
2011 CAGR 2003 2004 2005 2006 2007 2008 2009 2010 2012 (Restated) % Revenue ($m) 461.9 461.2 505.5 605.1 713.5 899.2 1,007.1 1,349.1 1,960.2 1,145.8 10.6 Profit before fair value and other 107.6 128.3 149.3 158.6 273.3 351.5 429.9 551.2 727.8 439.7 16.9 gains/(losses) ($m) Profit before income 115.9
Slide 8: Revenue, PATMI, Total Assets, Market Capitalisation
Revenue PATMI 2,500.0 900.0 CAGR 29.5% 2,000.0 CAGR 10.6% 800.0 700.0 600.0 1,500.0 500.0 400.0 1,000.0 300.0 500.0 200.0 100.0 0.0 0.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Total Assets Market Capitalisation 12,000.0 5,000.0 4,500.0 CAGR
Slide 9: Contribution by Business Segments
Contribution by Business Segments Adjusted EBITDA* (%) Total Assets** (%) (FYTotal 2012) Assets** (%) (as at 31 Dec 2012) 3.7 2.1 0.3 0.4 8.4 17.2 26.9 7.4 12.9 18.4 15.8 21.3 50.1 59.7 54.9 *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains/losses on
Slide 10: Awards and recognition
• FIABCI Prix d’Excellence Award • The Aga Khan Award for Architecture • Urban Land Institute Awards for Excellence • Singapore President’s Design Award • MIPIM Asia Awards • South East Asia Property Awards • International Property Awards (Asia Pacific) • BCA Green Mark Platinum Award • Solar Pionee
Slide 11: 1Q2013 Results Overview
UOL 2 $e 1Q2013 RESULTS OVERVIEW 11
Slide 12: 1Q2013 vs 1Q2012 results
S$m 1Q2013 1Q2012 % Change Revenue 247.8 297.7 -17 Share of profit of associated and 27.1 27.8 -3 joint venture companies Profit before other gains and income tax 91.7 107.8 -15 Profit before income tax 92.6 108.4 -15 Net attributable profit 71.7 84.0 -15 Earnings per share (cents) 9.31 10.93 -15 12
Slide 13: Balance sheet 3M2013 vs FY2012
3M2013 FY2012 % Change Net tangible asset value per share $8.08 $7.94 +2 Total equity $6,833m $6,719m +2 Cash $279m $260m +7 Net debt $1,840m $1,914m -4 Gearing ratio 0.27 0.28 -4 13
Slide 14: Revenue by Business Segments 1Q2013 vs 1Q2012
($m) Revenue by Business Segments 1Q2013 vs 1Q2012 153.2 -34% +2% 101.6 99.2 96.8 1Q2013 - 1Q2012 42.1 41.9 -15% 4.9 5.8 Property Property Hotel operations Management development investments services 14
Slide 15: Revenue Contribution by Business Segments
($m) Revenue Contribution by Business Segments 1Q2013 vs 1Q2012 1Q2013 1Q2012 Management services Management 2% services 2% Hotel Hotel operations operations 33% 40% Property Property development development Property 51% Property 41% investments investments 14% 17% 15
Slide 16: Operation Highlights
UOL 2 $e OPERATION HIGHLIGHTS 16
Slide 17: Site Acquisition at Sengkang West Way
Site Acquisition at Sengkang West Way in April • Site area 16,604 sq m, Plot ratio 3.0 • 99-year leasehold at Sengkang West Way overlooking Punggol river • 20-storey development with approximately 600 condo units • 100% stake • Target to launch in 1Q 2014 17
Slide 18: The Esplanade, Tianjin
The Esplanade, Tianjin • Mixed development, along HaiHe River, comprising four blocks of 522 apartments, a 330-room hotel, 17,075 sqm office and 6,164 sqm retail space • 90% stake • Launched three blocks of 456 residential units; 74% sold • Launched one office tower; 14% sold • Pan Pacific Tianjin h
Slide 19: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % TOP Date Equity Units Area (as at Complete Stake (sq m) 31.03.13) (as at 31.03.13) Terrene at Bukit Timah 50 172 19,740 100 100 TOP 1Q2013 Waterbank at Dakota 100 616 58,213 100 94 Est. 2Q2013 Spottiswoode Residences 100
Slide 20: Singapore and overseas residential pipeline
Singapore residential pipeline Project Name/Location Tenure Site Area Est. Saleable Est. No. % Target of Land (sq m) Area (sq m) of Units Owned Launch St Patrick’s Garden site FH 12,950 19,083 186 100 3Q2013 Bright Hill Drive site 99 13,437 39,965 445 50 3Q2013 Sengkang West Way site 99 16,604 48,83
Slide 21: Office and retail properties
Office properties Net Lettable Area/ GFA (sq m) Portfolio Novena Square 41,509 United Square 24,711 Odeon Towers 18,402 Faber House 3,956 One Upper Pickering 8,089 Sub Total 96,667 Retail properties Portfolio Novena Square shopping mall 15,972 United Square shopping mall 19,392 Sub Total 35,364 Pipe
Slide 22: OneKM
OneKM • 19,519 sqm mall offering lifestyle, edutainment and gastronomy • 100% stake • 54% of leases committed • Target to open in 2014 22
Slide 23: Owned Serviced Suites Portfolio
Owned Serviced Suites Properties Rooms Portfolio PAN PACIFIC Serviced Suites Orchard, Singapore 126 PAN PACIFIC Serviced Suites Beach Road, Singapore 180 (Opened 7 May 2013) PARKROYAL Serviced Suites Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 Total 683 23
Slide 24: Hotel portfolio: existing and confirmed pipeline
Existing Confirmed Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brands Pan Pacific 15 5,150 1 330 PARKROYAL 10 3,308 1 225 Others 2 631 - - Total 27* 9,089 2 555 By Ownership Type Owned 16 5,497 1# 330 Managed 11 3,592 1## 225 Total 27 9,089 2 555 * As at 10 May 2013. # Pan Paci
Slide 25: Disclaimer
This presentation may contain forward-looking statements or financial information. Such forward-looking statements and financial information may involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of UOL Group
Slide 26: Thank You
UOL 2 $e THANK YOU 26
Slide 27: Q&A
UOL 2 $e Q&A 27