UOL Group Limited · SGX:U14
UOL — Macquarie ASEAN Conference 2015
35 slides from UOL's conference presentation, Aug 25, 2015
Slide 1: Investor Meeting Presentation
Investor Meeting Presentation Macquarie ASEAN Conference 25 August 2015
Slide 2: Agenda
• COMPANY OVERVIEW • 1H2015 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 4
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* (44.0%) MARINA CENTRE HOLDINGS PTE LTD (22.7%) Hotel Investmen
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, Bangladesh, UK, USA & Canada 6
Slide 7: A Decade of Growth
A Decade of Growth 2011 CAGR 2005 2006 2007 2008 2009 2010 2012 2013 2014 (Restated) % Revenue ($m) 505.5 605.1 713.5 899.2 1,007.1 1,349.1 1,960.2 1,145.8 1,058.6 1,360.7 11.6 Profit before fair value and other 149.3 158.6 273.3 351.5 429.9 551.2 727.8 439.7 427.3 515.2 14.8 gains/(losses) ($m) Pro
Slide 8: Revenue, PATMI, Total Assets, Market Capitalisation
Revenue PATMI 2,500.0 900.0 CAGR 23.8% CAGR 11.6% 800.0 2,000.0 700.0 600.0 1,500.0 500.0 400.0 1,000.0 300.0 200.0 500.0 100.0 0.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total Assets Market Capitalisation 14,000.0 6,000.0 12,000.0 CAG
Slide 9: Contribution by Business Segments
Contribution by Business Segments Adjusted EBITDA* (%) Total Assets** (%) Total Assets** (%) (FY2014) (as at 31 Dec 2014) 2.5 8.4 4.1 0.3 8.4 0.3 11.6 18.9 26.6 11.6 20.6 20.6 59.1 47.9 59.1 *Excludes unallocated costs, other gains and **Excludes unallocated assets fair value gains on investment pro
Slide 10: Corporate Awards
CORPORATE AWARD UOL Group Limited • BCI Asia Top 10 Developer Awards Pan Pacific Hotels Group Limited • Randstad Award 2014 - #19 Employer Brand RESIDENTIAL PROJECTS International Property Awards 2015 (Asia Pacific) • Botanique at Bartley BCA Construction Excellence Award 2015 • Terrene at Bukit Tim
Slide 11: 1H2015 Results Overview
UOL 25 $e 1H2015 RESULTS OVERVIEW 11
Slide 12: Income statement 2Q2015 and 1H2015
% % S$m 2Q2015 2Q2014 Change 1H2015 1H2014 Change Revenue 342.2 213.6 60 580.5 622.4 -7 Share of profit of associated and joint 35.3 38.4 -8 74.2 72.9 2 venture companies Profit before fair value and 114.9 105.3 9 203.8 288.9 -29 other gains and income tax Fair value gains on associated companies’ 2
Slide 13: Balance sheet: 1H2015 vs FY2014
1H2015 FY2014 % Change Net tangible asset value per share $9.84 $9.68 2 Total equity $8,360m $8,131m 3 Cash $266m $287m -7 Net debt $2,605m $2,742m -5 Gearing ratio 0.31 0.34 -9 13
Slide 14: Revenue by Business Segments 2Q2015 vs 2Q2014
($m) Revenue by Business Segments 2Q2015 vs 2Q2014 162.3 +343% -6% 104.5 98.6 2Q2015 +15% 54.9 47.6 2Q2014 36.6 +7% +1% 21.7 20.3 4.7 4.6 Property Property investments Hotel operations Management services Investments development 14
Slide 15: Revenue Contribution by Business Segments 2Q2015
Revenue Contribution by Business Segments 2Q2015 vs 2Q2014 2Q2015 2Q2014 Management services Investments Investments Property 6% Management 10% development 1% services 17% 2% Hotel operations 29% Property investments Hotel 22% operations Property Property 49% investments development 16% 48% 15
Slide 16: Revenue by Business Segments 1H2015 vs 1H2014
($m) Revenue by Business Segments 1H2015 vs 1H2014 -16% 284.5 239.7 -5% 211.7 201.2 +12% 108.1 1H2015 96.3 1H2014 +2% +7% 9.8 21.7 20.3 9.6 Property Property Hotel Management Investments development investments operations services 16
Slide 17: Revenue Contribution by Business Segments 1H2015
Revenue Contribution by Business Segments 1H2015 vs 1H2014 1H2015 1H2014 Management Management services Investments services Investments 2% 4% 2% 3% Hotel Hotel operations operations 35% 34% Property development Property 41% development Property Property 46% investments investments 18% 15% 17
Slide 18: Operation Highlights
UOL 25 $e OPERATION HIGHLIGHTS 18
Slide 19: Prince Charles Crescent site
Prince Charles Crescent site • 99-year leasehold site of 24,964 sqm; est. 663-unit project • 70% stake • Target to launch in 2H2015 19
Slide 20: Botanique at Bartley
Botanique at Bartley • 99-year leasehold site along Upper Paya Lebar Road • 797-unit condominium that is near Bartley MRT station • 100% stake • 61.0% sold as at 12 August 2015 20
Slide 21: Seventy Saint Patrick's
Seventy Saint Patrick’s • Freehold site along Upper East Coast Road • 186 units • Close proximity to future Thomson-East Coast Line • 100% stake • 91.9% sold as at 12 August 2015 21
Slide 22: Riverbank@Fernvale
Riverbank@Fernvale • In Sengkang West Way, situated near Layar LRT, Punggol Reservoir and Seletar Aerospace Park • A 555-unit, four 19-storey blocks project • 100% stake • 61.0% sold as at 12 August 2015 22
Slide 23: Thomson Three
Thomson Three • Near MacRitchie and Lower Peirce Reservoirs, and upcoming Upper Thomson MRT Station • 435 apartments and 10 strata semi-detached houses • 50% stake • 98.2% sold as at 12 August 2015 23
Slide 24: The Esplanade, Tianjin
The Esplanade, Tianjin • Mixed development, along HaiHe River, comprising four blocks of 522 residential units, a 319-room hotel, 17,075 sqm GFA office and 11,926 sqm GFA retail space • 90% stake • 4 residential towers have achieved 98.7% sales at average price of RMB18,611 psm (as at 12 Aug 2015) •
Slide 25: Changfeng, Shanghai
Changfeng, Shanghai • Mixed development located within the Changfeng Ecological Business Park, about 5 km to the north-east of the Hongqiao Transportation Hub and less than 10 km from The Bund • Approximately 398 residential units and 4,000 sqm of net lettable area • 40% stake • Target to launch in
Slide 26: Site at Bishopsgate, London
Site at Bishopsgate, London • UOL’s first investment in Europe • Freehold land of 3,200 sqm • Located in London’s central financial district, about 200m from Liverpool Street Station and the future Crossrail Station • Approved for a 43-storey tower with 52,255 sqm GFA • 109 residential units • 190-r
Slide 27: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % TOP Date Equity Units Area (as at 30.06.15) Completed Stake (sqm) (as at 30.06.15) The Esplanade, Tianjin 90 570 71,586 90.9 100 TOP Archipelago 50 577 71,445 99.1 94 Est. 3Q2015 Katong Regency 100 244 19,432 100 86 Est.
Slide 28: Singapore and overseas residential pipeline
Singapore residential pipeline Project Name/Location Tenure Site Area Est. Est. No. % Target of Land (sqm) Saleable of Units Owned Launch Area (sqm) Prince Charles Crescent Site 99 24,964 53,135 663 70 2H2015 Total 24,964 53,135 663 Overseas residential pipeline Project Name/Location Site Area Est.
Slide 29: Office and retail properties
Office properties Net Lettable Area (sqm) Portfolio Novena Square 41,580 United Square 27,004 Odeon Towers 18,341 Faber House 3,956 One Upper Pickering 8,089 Total 98,970 Retail properties Portfolio Novena Square shopping mall 16,091 United Square shopping mall 19,414 OneKM 19,429 The Esplanade Mall
Slide 30: 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 PARKROYAL Serviced Suites Beach Road, Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 Total 683 30
Slide 31: Owned Hotels Portfolio
Owned Hotels Country Rooms Portfolio Pan Pacific Orchard Singapore 206 PARKROYAL on Beach Rd Singapore 346 PARKROYAL on Kitchener Road Singapore 532 PARKROYAL on Pickering Singapore 367 Pan Pacific Perth Australia 486 PARKROYAL Darling Harbour, Sydney Australia 340 PARKROYAL Parramatta Australia 196
Slide 32: Existing and Pipeline hotels by brand and ownership
Existing Pipeline No. of Hotels No. of Hotels and Serviced No. of Rooms And Serviced No. of Rooms Suites Suites By Brands Pan Pacific 19 5,764 3 738 PARKROYAL 13 3,780 4 1,128 Others 1 321 0 0 Total 33 9,865 7 1,866 By Ownership Type Owned 20 6,163 1 190 Managed 13 3,702 6 1,676 Total 33 9,865 7 1,8
Slide 33: Forward-looking statements 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 34: Thank You
UOL 25 $e THANK YOU 34
Slide 35: Q&A
UOL 25 $e Q&A 35