Pollux Properties Ltd. · SGX:5AE
Pollux Properties — Shareholder Meeting (July 2015)
35 slides from Pollux Properties's shareholder meeting presentation, Jul 23, 2015
Slide 1: 15th Annual General Meeting 23 July 2015
15TH ANNUAL GENERAL MEETING 23RD JULY 2015
Slide 2: Sponsor notice
This presentation has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not inde
Slide 3: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may either differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Y
Slide 4: Contents
CONTENTS 1. Financial Highlights 2. Operation Review 3. Market Outlook 4. Going Forward 4 Pollux Properties Annual General Meeting
Slide 5: 1. Financial Highlights
15TH ANNUAL GENERAL MEETING 1. FINANCIAL HIGHLIGHTS 5 Pollux Properties Annual General Meeting
Slide 6: Financial Highlights – Overview
FINANCIAL HIGHLIGHTS – OVERVIEW FY2015 Revenue increased by 57.05% as compared to FY2014. Earnings per share increased by 750.00% from 0.04 cents per share in FY2014 to 0.34 cents per share in FY2015. Return on equity increased from 0.49% in FY2014 to 4.34% in FY2015. 6 Pollux Properties Annua
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS FY2015 FY2014 % CHANGE Revenue (S$ million) 37.88 24.12 57.05 EBIDTA (S$ million) 3.57 0.88 305.68 PATMI (S$ million) 2.12 0.23 821.74 Earnings Per Share (cents) 0.34 0.04 750.00 NAV Per Share (cents) 7.84 7.50 4.53 Return on Equity (%) 4.34 0.49 785.71 7 Pollux Properties Annua
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS FY2015 FY2014 % CHANGE Total Equity (S$ million) 48.83 46.71 4.54 Cash and Cash Equivalents 16.85 9.71 73.53 (S$ million) Net Debt (S$ million) 73.77 73.95 (0.24) Gearing Ratio (%) 60.17 61.29 (1.83) Loans and Borrowings 71.01 67.90 4.58 (S$ million) Interest Coverage Ratio (tim
Slide 9: Revenue for the Last Four Financial Years
FINANCIAL HIGHLIGHTS Revenue for the Last Four Financial Years 40 37.88 35 30 24.12 25 S$ MILLION 20 15 10.5 10 5 1.15 0 FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR Note: The above financial information is extracted from annual reports / full year announcements of the respective financial years. 9 Po
Slide 10: EBITDA for the Last Four Financial Years
FINANCIAL HIGHLIGHTS EBITDA for the Last Four Financial Years 3.57 4 3 2 0.88 S$ Million 1 0.22 0 ‐1 ‐2 ‐3 ‐2.69 FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR 10 Pollux Properties Annual General Meeting
Slide 11: PATMI for the Last Four Financial Years
FINANCIAL HIGHLIGHTS PATMI for the Last Four Financial Years 2.5 2.12 2 1.5 1 0.23 0.5 0.09 S$ MILLION 0 ‐0.5 ‐1 ‐1.5 ‐2 ‐2.5 ‐3 ‐2.71# FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR # : The PATMI for the financial year ended 31 March 2012 excludes profit from discontinued operations. Note: The above fi
Slide 12: Return on Equity for the Last Four Financial Years
FINANCIAL HIGHLIGHTS Return on Equity for the Last Four Financial Years 6.00% 4.34 4.00% 2.00% 0.20 0.49 % PERCENTAGE 0.00% ‐2.00% ‐4.00% ‐6.00% ‐8.00% ‐8.25 ‐10.00% FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR Note: The above financial information is extracted from annual reports / full year announce
Slide 13: Earnings Per Share for the Last Four Financial Years
FINANCIAL HIGHLIGHTS Earnings Per Share for the Last Four Financial Years 0.4 0.34 0.2 0.02 0.04 0 S$ CENTS ‐0.2 ‐0.4 ‐0.61 ‐0.6 ‐0.8 FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR 13 Pollux Properties Annual General Meeting
Slide 14: Net Assets Value Per Share for the Last Four Financial Years
FINANCIAL HIGHLIGHTS Net Assets Value Per Share for the Last Four Financial Years 7.9 7.84 7.8 7.7 7.6 S$ CENTS 7.5 7.5 7.47 7.45 7.4 7.3 7.2 FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR 14 Pollux Properties Annual General Meeting
Slide 15: 2. Operation Review
15TH ANNUAL GENERAL MEETING 2. OPERATION REVIEW 15 Pollux Properties Annual General Meeting
Slide 16: Highlights for Financial Year 2015 and 2016
OPERATION REVIEW Highlights for Financial Year 2015 and Financial Year 2016 Soft launch of Louis Kienne Serviced Residences in January 2015. Park Residences Kovan obtained Certification of Statutory Completion in February 2015. Target to achieve ISO9001, ISO14001 and OHSAS18001 by end of 2015
Slide 17: Revenue in FY2015 by Business Segments
OPERATION REVIEW Revenue in FY2015 by Business Segments REVENUE IN FY2015 REVENUE S$’000 PERCENTAGE 2% Property Investment 936 2% Property Development 36,945 98% TOTAL 37,881 100% 98% Property Investment Property Development 17 Pollux Properties Annual General Meeting
Slide 18: Revenue by Business Segments for the Last Four Financial Years
OPERATION REVIEW Revenue by Business Segments for the Last Four Financial Years 36.95 40 Property Investment Property Development 35 30 23.79 S$ MILLION 25 20 15 9.56 10 5 0.13 1.02 0.94 0.33 0.93 0 FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR FY2012 FY2013 FY2014 FY2015 S$ million S$ million S$ milli
Slide 19: Operating Profit in FY2015 by Business Segments
OPERATION REVIEW Operating Profit in FY2015 by Business Segments OPERATING PROFIT IN FY2015 REVENUE S$’000 PERCENTAGE 9% Property Investment 333 9% Property Development 3,364 91% TOTAL 3,697 100% 91% Property Investment Property Development 19 Pollux Properties Annual General Meeting
Slide 20: Operating Profit by Business Segments for the Last Four Financial Years
OPERATION REVIEW Operating Profit by Business Segments for the Last Four Financial Years 3.36 3.5 Property Investment Property Development 3 2.47 2.5 S$ MILLION 1.65 2 1.5 0.94 1 0.33 0.33 0.33 0.5 0.13 0 FY2012 FY2013 FY2014 FY2015 FINANCIAL YEAR FY2012 FY2013 FY2014 FY2015 S$ million S$ million S$
Slide 21: Revenue in FY2015 by Projects
OPERATION REVIEW Revenue in FY2015 by Property Investment and Property Development Projects REVENUE IN FY2015 8% 2% REVENUE S$’000 PERCENTAGE 21% Rental 936 2% 29% Metro Loft 7,950 21% Garden Park Residences 15,265 40% 40% Berkeley Residences 10,959 29% Mayfair Residences 2,771 8% Rental Metro Loft
Slide 22: Revenue in FY2015 vs FY2014 by Projects
OPERATION REVIEW Revenue in FY2015 vs FY2014 by Projects FY2015 FY2014 15.27 16 13.44 14 10.96 12 S$ MILLION 10 7.95 8 6 4.61 4.03 2.77 4 1.71 2 0 0 0 Park Residences Metro Loft Berkeley Garden Park Mayfair FINANCIAL YEAR FINANCIAL PARK METRO LOFT BERKELEY GARDEN MAYFAIR YEAR RESIDENCES PARK S$ mill
Slide 23: Operating Profit in FY2015 by Projects
OPERATION REVIEW Operating Profit in FY2015 by Projects OPERATING PROFIT IN FY2015 REVENUE S$’000 PERCENTAGE 7% 9% Rental 333 9% 15% 25% Metro Loft 558 15% Garden Park Residences 1,634 44% 44% Berkeley Residences 917 25% Mayfair Residences 255 7% Rental Metro Loft Garden Park Residences Berkeley Res
Slide 24: Operating Profits in FY2015 vs FY2014 by Projects
OPERATION REVIEW Operating Profits in FY2015 vs FY2014 by Projects 2 FY2015 FY2014 1.63 1.42 1.5 S$ MILLION 0.92 1 0.56 0.51 0.5 0.32 0.22 0.26 0 0 0 Park Residences Metro Loft Berkeley Garden Park Mayfair FINANCIAL YEAR FINANCIAL PARK METRO LOFT BERKELEY GARDEN MAYFAIR YEAR RESIDENCES PARK S$ milli
Slide 25: Development Properties
DEVELOPMENT PROPERTIES Status of Sales and Construction Progress as of 21 July 2015 PROJECTS LAUNCH TOTAL TENURE TOTAL UNITS SOLD UNITS EST. CONSTRUCTION AREA UNITS (AS OF SOLD % TOP DATE PROGRESS % (SQM) 21 JUL 2015) (AS OF 21 JUL 2015) Park Residences August 1118.90 Freehold 41 41 100 February 100
Slide 26: Investment Properties
INVESTMENT PROPERTIES Project Status Retail Shops at Balestier Road 100% tenanted. Louis Kienne Serviced Residences at Havelock Road Soft launch in January 2015 75% occupancy for the month of June 2015 26 Pollux Properties Annual General Meeting
Slide 27: Louis Kienne Serviced Residences
INVESTMENT PROPERTIES Louis Kienne Serviced Residences 27 Pollux Properties Annual General Meeting
Slide 28: Louis Kienne Serviced Residences
INVESTMENT PROPERTIES Louis Kienne Serviced Residences 28 Pollux Properties Annual General Meeting
Slide 29: Louis Kienne Serviced Residences
INVESTMENT PROPERTIES Louis Kienne Serviced Residences 29 Pollux Properties Annual General Meeting
Slide 30: 3. Market Outlook
15TH ANNUAL GENERAL MEETING 3. MARKET OUTLOOK 30 Pollux Properties Annual General Meeting
Slide 31: Singapore Private Residential Market
SINGAPORE PRIVATE RESIDENTIAL MARKET 1. Singapore’s property market is likely to remain in the down-cycle as private property market continues to operate under various cooling measures introduced by the Singapore Government. In 1Q2015, prices of private properties fell a further 1 percent. 2. The ne
Slide 32: Serviced Apartment Outlook
SERVICED APARTMENT OUTLOOK 1. The leasing market was buoyant in 2014. 2. Leasing demand in 2015 is expected to be affected as corporate belt-tightening and organisational revamps may result in fewer foreign expatriate arrivals. 3. Leasers are likely to favour smaller homes, HDB flats and even indivi
Slide 33: 4. Going Forward
15TH ANNUAL GENERAL MEETING 4. GOING FORWARD 33 Pollux Properties Annual General Meeting
Slide 34: Going Forward
GOING FORWARD The Management intends to achieve a balance between investment and development opportunities. We are seeking opportunities to venture into fee-based business and to enlarge our portfolio of assets and to diversify our business into overseas market. We are cautiously seeking opportuniti
Slide 35: Thank You
THANK YOU 35 Pollux Properties Annual General Meeting