Keong Hong Holdings Limited · SGX:5TT
Keong Hong — Investor Presentation (May 2015)
29 slides from Keong Hong's investor presentation, May 2015
Slide 1: Keong Hong Holdings Limited
KEONG HONG HOLDINGS LIMITED 1
Slide 2: Disclaimer
This document has been prepared and furnished to you solely for the purpose of introducing the information set out herein. This document does not constitute or form part of any offer, solicitation, recommendation or invitation for or in relation to the securities of any company described herein, nor
Slide 3: Agenda
1. Group Overview 2. Singapore Business 3. Overseas Business 4. Financial Highlights 5. Outlook and Strategies 3
Slide 4: 1. Group Overview
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Slide 5: Keong Hong Holdings Limited: core businesses and recent developments
• Keong Hong Holdings Limited (the "Company") is engaged in 3 core businesses - Building Construction Services (in Singapore and the Maldives); - Property Development (in Singapore); and - Hotel and Resort Development (in Singapore and the Maldives) • With a track record of over 30 years, the Compan
Slide 6: Financial summary FY2012-1H FY2015
S$ ‘000 FY2012 FY2013 FY2014 1H FY2014 1H FY2015 Revenue 167,360 146,623 272,881 118,030 141,386 EBITDA 26,886 27,809 26,194 11,733 13,239 EBITDA Margin (%) 16.06% 19.09% 9.60% 9.94% 9.36% Finance Costs 63,403 61,893 319,814 106,197 249,382 Total Assets 125,988 132,346 222,099 175,513 244,983 Total
Slide 7: Group structure
Principal activities: (1) General and building contractors (2) Mixed construction activities (3) Real estate developer Keong Hong Holdings Limited (4) Hotel developer of 86 East Coast Road (5) Resorts and hotels building contractor (6) Investment holding and trading (7) Investment holding (8) Own, o
Slide 8: Building construction projects
• The Group’s construction projects covers new construction, A&A works of existing buildings, refurbishment and upgrading of existing buildings. • The Group provides a broad range of building construction services for residential, commercial, industrial, infrastructural and institutional projects in
Slide 9: Property development joint ventures
• Leveraging on our experience and expertise in the building construction sector, the Group has expanded into property development in 2012. • Our strategy to partner reputable property developers and owners to jointly undertake residential development projects enables the Group to share resources wi
Slide 10: Hotel and resort development
• As global tourism is projected to increase over the next ten years, the Group’s expansion into hotel and resort development will provide the Group with recurring income and an added engine of growth • The Group intends to achieve such expansion through suitable acquisitions, investments, strategic
Slide 11: SkyPark Residences
SkyPark Residences i 3 > & ug = “4 °9 + VANES — et ie
Slide 12: Singapore projects and expected TOP dates
Twin Waterfalls (expected TOP 2H 2015) SkyPark Residences (expected TOP 2016) The Amore (expected TOP 2017) Parc Life EC (launching in 1Q 2016) (expected TOP 2018) J Gateway (expected TOP 2017) Paterson Collection (expected TOP July 2015) Alexandra Central (Retail - TOP Dec 2014 Hotel - TOP April 20
Slide 13: Twin Waterfalls and SkyPark Residences
Twin Waterfalls SkyPark Residences Type Executive Condominium Type Executive Condominium Total Units 728 Total Units 506 Launch Date February 2012 Launch Date November 2013 Sales Status 100% Sales Status 73% Average Selling Price S$698 psf Average Selling Price S$793 psf Group’s Stake 20% Group’s St
Slide 14: Parc Life and The Amore
The Amore Parc Life Parc Life Type Executive Condominium Type Executive Condominium Total Units 378 Total Units 660 Launch Date January 2015 Launch Date 1Q 2016 Sales Status 25% Sales Status n.a. Average Selling Price S$795 psf Average Selling Price n.a. Group’s Stake 15% Group’s Stake 20% Expected
Slide 15: Hotels at Katong
131-room Hotel Indigo Singapore Katong 451-room Holiday Inn Express Singapore Katong Food and beverage outlets and retail shops The hotels will be managed by InterContinental Hotels Group, to be opened in 2016 Group holds 20% interest in this joint development 15
Slide 16: Pullman Maldives Maamutaa Resort
Pullman Maldives Maamutaa Resort
Slide 17: Airport Expansion, Kooddoo
Maamutaa Airport Expansion Island Kooddoo Airport Kooddoo Island in Gaafu Alifu Atoll - expansion of the Kooddoo domestic airport, including infrastructure work for the extension of its existing runway, slated for completion by end 2015 17
Slide 18: Mercure Maldives Kooddoo Resort
Kooddoo Island - 68-villa Mercure Maldives Kooddoo Resort - hotel to commence operations in 2016
Slide 19: Kooddoo Island location
• Located in the south of the Maldives, Kooddoo Island is just a short 55 minutes flight from Male • Mercure Kooddoo will be the only Maldivian beach resort directly accessible by domestic plane 19
Slide 20: Pullman Maldives Maamutaa Resort
Maamutaa Island - 120-villa Pullman Maldives Maamutaa Resort - hotel to commence operations in 2018
Slide 21: Pullman Maldives Maamutaa Resort
Pullman Maldives Maamutaa Resort
Slide 22: Financial highlights 1H FY2015
S$ ‘million FY2014 1H FY2014 1H FY2015 Change Remarks • Growth in revenue due mainly to higher Revenue 272,881 118,030 141,386 19.8% revenue recognition from ongoing projects • Higher operating cost as a result of higher Gross profit 30,331 13,740 14,104 2.6% wages, labour levies, safety compliance,
Slide 23: Revenue, EBITDA and NPAT
Revenue (S$’000) EBITDA (S$’000) NPAT (S$’000) EBITDA Margin (%) 23
Slide 24: Debt, net worth and coverage ratios
Debt to Tangible Net Worth Tangible Net Worth Debt to Asset EBITDA Coverage 24
Slide 25: 5. Outlook and Strategies
5. Outlook and Stra The Amore
Slide 26: Singapore Construction Industry
Singapore Construction Industry 2015 - 2016 • BCA projects the average construction demand in 2015 and 2016 to moderate to between S$25 and S$34 billion • Private residential construction demand is expected to continue to soften following the implementation of various property cooling measures as we
Slide 27: The Maldives Tourism Industry
The Maldives Tourism Industry (1) - Strong demand for new resort construction as well as airport infrastructure to support the growing tourism industry - Traditional honeymoon and high-end tourists for luxury resorts will continue to grow. Recent years there has also been a steady rise in niche mark
Slide 28: Growth strategies
Explore new Focus on projects business Undertake hotel with higher opportunities in and resort Growth and complexity and property development expansion value-add for its development in projects in through joint building Singapore and Singapore, the ventures and construction other countries in Maldiv
Slide 29: Building a Sustainable Future
BUILDING A SUSTAINABLE FUTURE
Keong Hong Holdings — Investor Presentation (May 2015) on 6ix