Slide 1: UOL Group 3Q2018 Financial Results
UOL Group 3Q2018 Financial Results 13 November 2018
Slide 2: Agenda
AGENDA • 3Q2018 KEY FINANCIALS • OPERATION HIGHLIGHTS 2
Slide 3: Company Overview
COMPANY OVERVIEW • UOL Group Limited (UOL) was founded in 1963 and listed on the Singapore Exchange in 1964 • Total assets of $20.6 billion as at 30 September 2018 • Geographical presence in 12 countries - Singapore, Malaysia, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Bangladesh, U
Slide 4: Core Businesses
CORE BUSINESSES Property Property Hotel operations development investments • Wholly-owned projects • Wholly-owned • Wholly-owned hotels • Joint-venture projects properties • Joint-venture hotels • UIC-owned projects • Joint-venture properties • UIC-owned hotels • UIC-owned properties • Aquamarina Ho
Slide 5: Diversified Portfolio
DIVERSIFIED PORTFOLIO Contributions by Business Segment 2.3% 0.4% 4.3% 5.8% 20.0% 23.8% 17.2% 21.5% Adjusted EBITDA* Total Assets** (FY2017) (FY2017) 48.1% 56.6% Property development Property investments Hotel operations Investments Management services & technologies *Excludes unallocated costs, oth
Slide 6: 3Q2018 Key Financials
3Q2018 KEY FINANCIALS
Slide 7: Key Financials
KEY FINANCIALS $m 3Q2018 3Q2017 % 9M2018 9M2017 % (Restated) change (Restated) change Revenue 523.8 537.9 -3 1,820.3 1,287.7 41 Share of profit of associated 1.7 36.4 -95 3.2 117.0 -97 and joint venture companies Profit before fair value and other gains/(losses) and 149.9 127.5 18 441.2 342.8 29 inc
Slide 8: Key Financials
KEY FINANCIALS As at As at % 30.09.2018 31.12.2017 Change (Restated) Net tangible asset value per share $11.24 $11.01 2 Total equity $14,406m $14,154m 2 Cash $699m $816m -14 Net debt $3,971m $3,031m 31 Gearing ratio 0.28 0.21 33 8
Slide 9: Contributions by Business Segment
CONTRIBUTIONS BY BUSINESS SEGMENT Revenue by Business Segment 350 291.5 300 250 (-43%) (+26%) 200 165.0 (+60%) 172.2 $ million 150 132.5 136.9 100 (+164%) (+46%) 82.7 50 33.7 20.4 12.8 13.9 0 3Q2018 3Q2017 Property development Property investments Hotel operations Management services & technologies
Slide 10: Contributions by Business Segment
CONTRIBUTIONS BY BUSINESS SEGMENT Revenue by Business Segment (+9%) 800 760.4 696.0 700 (+47%) 600 (+102%) 501.0 500 395.9 400 341.6 $ million 300 (+367%) 195.7 200 114.8 (+62%) 100 48.1 24.6 29.8 0 9M2018 9M2017 Property development Property investments Hotel operations Management services & techno
Slide 11: Operation Highlights
OPERATION HIGHLIGHTS
Slide 12: Property Development: Profit Recognition of Launched Projects
PROPERTY DEVELOPMENT Profit Recognition of Launched Projects Project Name % No. of Saleable % Sold % TOP Date Equity Units Area (as at 30.09.18) Completed Stake (sqm) (as at 30.09.18) Ongoing Park Eleven, Shanghai* 55 398 78,526 36.7 99 Est. 4Q2018 Principal Garden 70 663 50,665 100 95 Est. 4Q2018 B
Slide 13: Property Development: Residential Pipeline
PROPERTY DEVELOPMENT Singapore Residential Pipeline Project Name/Location Tenure of Land Site Area Est. No. of % Owned (sqm) Residential Units 92-128 Meyer Road site Freehold 10,185 56 50 Silat Avenue site^ 99 22,852 1,074 65 Total 33,037 1,130 Overseas Residential Pipeline Project Name/Location Ten
Slide 14: Completed en-bloc purchase of Nanak Mansions
PROPERTY DEVELOPMENT Completed en-bloc purchase of Nanak Mansions at 92-128 Meyer Road • Completed en-bloc purchase of Nanak Mansions in December 2017 • Freehold residential site of 10,185 sqm; estimated 56-unit project • 50:50 joint venture with Kheng Leong • Close to upcoming Tanjong Katong MRT st
Slide 15: Awarded residential site at Silat Avenue
PROPERTY DEVELOPMENT Awarded residential site with commercial use at Silat Avenue • Awarded government land sales site at Silat Avenue on 17 May 2018 for $1.035 billion • 50:30:20 joint venture between UOL, UIC and Kheng Leong • Total GFA of 84,551 sqm; estimated 1,074 residential units and 1,300 sq
Slide 16: Singapore – The Tre Ver
PROPERTY DEVELOPMENT Singapore – The Tre Ver • A 729-unit riverfront development at Potong Pasir Avenue 1 • Next to Kallang River and near Potong Pasir MRT station • 50:50 joint venture with UIC • Launched on 4 August 2018 16
Slide 17: Singapore – Amber45
PROPERTY DEVELOPMENT Singapore – Amber45 • Freehold 139-unit residential development • Located in District 15 along Amber Road • Close to upcoming Marine Parade and Tanjong Katong MRT stations • 100% stake • Launched on 12 May 2018 17
Slide 18: China – Park Eleven
PROPERTY DEVELOPMENT China – Park Eleven • Mixed development with 398 residential units and 4,103 sqm of net lettable area of retail in Shanghai • Located within Changfeng Ecological Business Park, close to Hongqiao Transportation Hub and The Bund • 40:30:30 joint venture between UOL, UIC and Kheng
Slide 19: UK – One Bishopsgate Plaza
PROPERTY DEVELOPMENT UK – One Bishopsgate Plaza • UOL’s first investment in UK • Freehold land of 3,200 sqm • Located in London’s central financial district, near Liverpool Street Station and the future Crossrail Station • Approved for a 43-storey tower with 160 residential units and 237-key Pan Pac
Slide 20: Property Investments
PROPERTY INVESTMENTS Office properties Approximate Net Lettable Area (sqm)* Portfolio Novena Square 41,611 United Square 26,971 Odeon Towers 18,357 Faber House 3,956 One Upper Pickering 8,089 110 High Holborn, London 7,954 120 Holborn Island, London 18,323 Total 125,261 Retail properties Portfolio V
Slide 21: Property Investments: Commercial properties under UIC
PROPERTY INVESTMENTS Commercial properties under UIC Approximate Net Floor Area (sqm) Portfolio Singapore Land Tower 57,500 Clifford Centre 25,470 The Gateway 69,803 SGX Centre 2 25,800 Abacus Plaza and 8,397 Tampines Plaza 8,397 Stamford Court 5,990 UIC Building 26,394 Marina Square shopping mall 7
Slide 22: Hotel Operations
HOTEL OPERATIONS Owns and/or manages over 30 hotels with more than 10,000 rooms • Comprises two highly-acclaimed brands – “Pan Pacific” and PARKROYAL Pan Pacific Melbourne, Australia PARKROYAL Yangon, Myanmar PARKROYAL on Pickering, Singapore 22
Slide 23: Expands hospitality presence in Jakarta
HOTEL OPERATIONS Expands hospitality presence in Jakarta • On 16 July 2018, UOL announced the acquisition of 180 apartments in Thamrin Nine Tower 2, which will be developed into PARKROYAL Serviced Suites • PPHG signed a management contract for a 200-key PARKROYAL Jakarta in the same tower • Thamrin
Slide 24: Hotel Operations: Existing and Pipeline
HOTEL OPERATIONS Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 19 6,001 5 1,181 PARKROYAL 13 3,878 4 1,084 Others 2 850 - - Total 34 10,729 9 2,265 By Ownership Type Owned 23 8,093 4 977 Managed 11 2,636 5 1,288 Total 34 10,729 9 2,265 Note: - Serviced
Slide 25: Owned Hotels under UOL
HOTEL OPERATIONS Owned Hotels under UOL Country Rooms Portfolio PARKROYAL on Beach Rd Singapore 346 PARKROYAL on Kitchener Road Singapore 532 PARKROYAL on Pickering Singapore 367 Pan Pacific Perth Australia 486 Pan Pacific Melbourne Australia 396 PARKROYAL Darling Harbour, Sydney Australia 340 PARKR
Slide 26: Owned Hotels under UIC and Serviced Suites
HOTEL OPERATIONS Owned Hotels under UIC Country Rooms Portfolio Pan Pacific Singapore Singapore 790 Marina Mandarin Singapore 575 The Westin Tianjin China 275 Total 850 Grand Total 7,997 Owned Serviced Suites under UOL Country Rooms Portfolio Pan Pacific Serviced Suites Orchard Singapore 126 Pan Pac
Slide 27: Pipeline Projects: Pan Pacific Orchard
PIPELINE PROJECTS (OWNED) Singapore – Pan Pacific Orchard • Pan Pacific Orchard was closed from 1 April 2018 for redevelopment into a new iconic and green 350-key hotel • Will feature three unique levels of experiential sky gardens which will redefine the vertical sky-rise typology • Expected to ope
Slide 28: Pipeline Projects: Pan Pacific London
PIPELINE PROJECTS (OWNED) UK – Pan Pacific London • Located in Bishopsgate, London’s central financial district • Part of a 43-storey luxury mixed-use development • 237 rooms and 160 residential units with dining, meeting, fitness and wellness facilities • Expected to open in 2020 28
Slide 29: Pipeline Projects: Pan Pacific Serviced Suites Kuala Lumpur
PIPELINE PROJECTS (OWNED) Malaysia – Pan Pacific Serviced Suites Kuala Lumpur • Located in Bukit Bintang, the shopping and entertainment district of Kuala Lumpur • Redevelopment of the multi-storey carpark at PARKROYAL Kuala Lumpur (left) into a 210-unit Pan Pacific Serviced Suites Kuala Lumpur • Ex
Slide 30: Best in Class Properties
BEST IN CLASS PROPERTIES Award-winning and Quality Properties across Residential, Commercial and Hospitality Asset Classes Nassim Park Residences, Singapore One Bishopsgate Plaza, London, UK PARKROYAL on Pickering, Singapore The Clement Canopy, Singapore 30
Slide 31: Disclaimer
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
Slide 32: SUNAN AA ae
SUNAN AA ae