Oxley Holdings Ltd. · SGX:5UX
Oxley — Investor Presentation (October 2014)
47 slides from Oxley's investor presentation, Oct 13, 2014
Slide 1: Oxley Holdings Limited
Oxley Holdings Limited 13 October 2014
Slide 2: Disclaimer
Disclaimer Thehe e in information nform rm matio atio onn in n th this hiss doc document doccumentt ha has h ass no not ot b been een en n in independently ndepen pen nden enntlyy v verified verifie ed. ed. No No re representation epresent nttation noorr warran warranty w anty yeexpressed doorr im i
Slide 3: Company Overview
omGroup Company C Overview any Overview pa Ovvervie ew Operations Review Financial Highlights Outlook S Sl ide 3 Slide lid
Slide 4: Overview of Oxley Holdings Limited
Overview of Oxley Holdings Limited Overview Stock Price Performance* Profile • Developer of quality residential, 0.85 commercial and industrial projects at 0.80 competitive prices 0.75 0.70 • Developments usually located in prime 0.65 areas with easy access and prominent 0.60 lifestyle elements 0.55
Slide 5: Key Management
Key Management Ching Chiat Kwong Chief Executive Officer Low See Ching Deputy Chief Executive Officer Possesses more than 15 years of industry experience Supports the CEO in business development, formulation of corporate strategies and Responsible for the overall performance as well as chartin
Slide 6: Oxley International Holdings Pte Ltd
Oxley International Holdings Pte Ltd Wholly-owned subsidiary of Oxley Holdings Limited Holding company for the Group’s projects outside of Singapore Launched: - Royal Wharf in the UK - The Bridge in Cambodia - Xin Gang Guo Ji Cheng in People’s Republic of China OXLEY HOLDINGS OXLEY INTERNATION
Slide 7: Strategy & Plans (Singapore)
Strategy & Plans (Singapore) Residential Participate in government land sales (GLS) tenders for larger sites, with a focus on vibrant and accessible districts Explore potential acquisitions, joint-ventures or strategic-alliance opportunities, where synergistic value to the Group exists Commercia
Slide 8: Strategy & Plans (Overseas)
Strategy & Plans (Overseas) Acquire land plots of good potential Bring Oxley’s refreshing concepts of lifestyle mixed- developments overseas Explore the possibility of developing entire townships, especially on large plots (e.g. Royal Wharf) Harness established relationships and extensive ne
Slide 9: Land Acquisition Criteria
Land Acquisition Criteria Location Prime areas and easily accessible by public transport Environment Potential for inclusion of amenities to inject vibrancy into the vicinity Typical tenure Residential: freehold / 999 yrs Industrial: 30 – 60 years Commercial: freehold e9 Slide
Slide 10: Investment Merits
Investment Merits Responsiveness to changing trends Short investment-to-sale cycle Focus on core competency • design, construction and sales activities outsourced to professionals Established relationships and extensive network Experienced and committed management team with more than 10 ye
Slide 11: Operations Review
Group Overview Operations Review Financial Highlights Outlook ide 1 Slide Sl S lid 11 1
Slide 12: Projects in Singapore
Projects in Singapore • Completed Projects • Launched d Projects Slide S Sl de 1 lide iid 12 2
Slide 13: Completed Projects
Completed Projects Residential No. of units Land Area GFA Sold No Project Name Tenure (residential / TOP (sq m) (sq m) (%) shops) 1 Parc Somme 99 9 yrs 30 / 5 518 1,629 100% 2012 2 Suites@Katong FH 51 / 8 1,040 2,797 100% 2012 3 Loft@Rangoon FH 24 / 3 458 1,453 100% 2013 4 Loft@Stevens FH 44 / 0 1,2
Slide 14: Launched Projects
Launched Projects Residential No. of units Land Area GFA Sold Expected No Project Name Tenure (residential / (sq m) (sq m) (%) TOP shops) 1 Vibes@East Coast FH 117 / 28 2,413 7,125 100% 2014 2 Presto@Upper Serangoon FH 36 / 0 585 1,820 100% 2014 3 Vibes@Upper Serangoon FH 60 / 0 997 3,052 100% 2014
Slide 15: Launched Projects
Launched Projects Industrial No. of units Land Area GFA Sold Expected No Project Name Tenure (industrial / (sq m) (sq m) (%) TOP shops) 1 Eco-tech@Sunview 30 0 yrs 424 / 1 Canteen 28,173 70,432 81% 2015 Commercial No. of units Land Area GFA Sold Expected No Project Name Tenure (office / shops) (sq m
Slide 16: Completed Projects (Residential)
Completed Projects (Residential) Parc Somme Suites @ Katong Loft @ Rangoon 62 Somme Road 263 Tanjong Katong Road 113 Rangoon Road Acquisition Date Dec 2009 Acquisition Date Dec 2009 Acquisition Date Feb 2010 Launch Date Apr 2010 Launch Date Apr 2010 Launch Date Jun 2010 Tenure 99 years Tenure Freeho
Slide 17: Completed Projects (Residential)
Completed Projects (Residential) Loft @ Stevens Loft @ Holland Viva Vista Vibes @ Kovan 68 Stevens Road 151 Holland Road 3 South Buona Vista Road 93 Kovan Road Acquisition Date Jun 2010 Acquisition Date May 2010 Acquisition Date Jun 2009 Acquisition Date May 2010 Launch Date Feb 2011 Launch Date Jan
Slide 18: Completed Projects (Industrial)
Completed Projects (Industrial) Oxley BizHub Oxley BizHub2 Arcsphere The Commerze @ Irving 61/63/65/67/69/71/73 Ubi Road One 62 Ubi Road One 124 Lor 23 Geylang Road 1 Irving Road Acquisition Date Aug 2010 Acquisition Date Feb 2011 Acquisition Date Dec 2010 Acquisition Date Jun 2011 Launch Date Apr 2
Slide 19: Launched Projects (Residential)
Launched Projects (Residential) Vibes @ East Coast Presto @ Upper Serangoon Vibes @ Upper Serangoon RV Point 308 Telok Kurau Road 528 Upper Serangoon Road 488 Upper Serangoon Road 233 River Valley Road Acquisition Date May 2010 Acquisition Date Oct 2010 Acquisition Date Oct 2010 Acquisition Date Feb
Slide 20: Launched Projects (Residential)
Launched Projects (Residential) Suites@Braddell Devonshire Residences The Promenade @ Pelikat 56 Braddell Road 55 Devonshire Road 183 Jalan Pelikat Acquisition Date Oct 2010 Acquisition Date Apr 2010 Acquisition Date May 2011 Launch Date Jun 2011 Launch Date Mar 2011 Launch Date Apr 2012 Tenure Free
Slide 21: Launched Projects (Residential)
Launched Projects (Residential) Oxley Edge Midtown Residences / The Midtown NEWest 308 River Valley Road 1189 Upper Serangoon Road 1 & 3 West Coast Drive Singapore Acquisition Date Nov 2010 Acquisition Date Jun 2012 Acquisition Date May 2012 Launch Date Mar 2013 Launch Date Apr 2013 Launch Date May
Slide 22: Launched Projects (Residential)
Launched Projects (Residential) Floraville / Floraview / Floravista KAP Residences / KAP The Rise@Oxley 2 Cactus Road 9 & 11 King Albert Park 71 / 73 / 73A Oxley Rise 1/3/5/7 Ang Mo Kio Street 66 Acquisition Date Mar 2012 Acquisition Date Oct 2012 Acquisition Date May 2012 Launch Date Jul 2013 / Jan
Slide 23: Launched Projects (Industrial / Commercial)
Launched Projects (Industrial / Commercial) Eco-tech @ Sunview Robinson Square Oxley Tower The Flow 1 Sunview Road 144 Robinson Road 138 Robinson Road 66 East Coast Road Acquisition Date Oct 2012 Acquisition Date Dec 2010 Acquisition Date Sep 2010 Acquisition Date Mar 2012 Launch Date Aug 2013 Launc
Slide 24: Projects in Singapore: Pipeline Projects
Projects in Singapore • Pipeline Projects Slide S Sl de 2 lide iid 24 4
Slide 25: Pipeline Projects
Pipeline Projects Residential No. of units Land Area GFA Expected No. Project Name Tenure (residential / shops) (sq m) (sq m) Launch 1 339 – 339C Joo Chiat Road FH 4/1 593 897 2014 Industrial* No. of units Land Area GFA No. Project Name Tenure (warehouses) (sq m) (sq m) 2 Space@Tampines 30 years 71
Slide 26: Pipeline Projects - Residential
Pipeline Projects - Residential Property Name TBC Location 339 – 339C Joo Chiat Road Type Mixed Residential & Commercial Development Acquisition Date April 2012 Expected Launch 2014 Tenure Freehold Land Area (sq m) 593 Gross Floor Area (sq m) 897 Residential Units 4 Shop Units 1 Group’s Stake 100% K
Slide 27: Pipeline Projects - Industrial
Pipeline Projects - Industrial Property Name Space@Tampines* Location Plot 3, Tampines Industrial Crescent Type Industrial Acquisition Date September 2012 Tenure 30 years leasehold Land Area (sq m) 38,800 Gross Floor Area (sq m) 65,893 Warehouse Units 71 Group’s Stake 70% * This is an investment pro
Slide 28: Pipeline Projects – Hospitality
Pipeline Projects – Hospitality Property Name Novotel Singapore on Stevens* / Ibis Singapore on Stevens* Location 30 Stevens Road Type Hotel Development Acquisition Date March 2013 Tenure 103 years leasehold Land Area (sq m) 18,477 Gross Floor Area (sq m) 29,564 No. of Hotel Rooms 254 / 528 Group’s
Slide 29: Overseas Projects
Overseas Projects • Launched Projects • Pipeline Projects Slide S Sl de 2 lide iid 29 9
Slide 30: Launched Projects – UK
Launched Projects – UK Property Name Royal Wharf Location North Woolwich Road, London, United Kingdom Type Township Development Acquisition Date November 2013 Launched March 2014 Tenure Freehold & Leasehold Land Area (sq m) 149,734 Gross Floor Area (sq m) ~ 363,000 Residential Units Total :3,385 - P
Slide 31: Launched Projects – Cambodia
Launched Projects – Cambodia Property Name The Bridge Location Village No.14, National Assembly Street, Tonle Bassac Commune, Chamkarmorn District, Phnom Penh, Cambodia Type Mixed Residential & Commercial Development Launched June 2014 Tenure Freehold Land Area (sq m) 10,090 Gross Floor Area (sq m)
Slide 32: Launched Projects – People’s Republic of China
Launched Projects – People’s Republic of China Property Name ᪂ ᅜଢ଼ᇛ (Xin Gang Guo Ji Cheng) Location North of Rixin West Road, Xuanzhou District, Xuancheng, Anhui Province, People’s Republic of China Type Residential Launched May 2014 Tenure Leasehold Land Area (sq m) D4 – 102,506 sqm D5 – 80,844 sqm
Slide 33: Pipeline Projects
Pipeline Projects Malaysia Land Parcels Land Area Group’s Expected No Project Name Tenure (sq m) Stake Launch 1 Plot B3 & B5 Iskandar, Johor 99 9 years 17,280 100% TBC No. Hakmilik 354,Lot 904, Bt 6 Jalan Damansara, Mukim 2 Freehold 20,234 100% TBC Sungai Bulah, Daerah Petaling, Negeri Selangor 3 Ge
Slide 34: Pipeline Projects
Pipeline Projects Cambodia Land Parcels Land Area Group’s Expected No Project Name Tenure (sq m) Stake Launch 7 Mekong River Land ,Phnom Penh Freehold 37,689 75% TBC 8 The Garage Land, Phnom Penh Freehold 8,921 75% TBC 9 Land Near Naga , Phnom Penh Freehold 12,609 75% TBC China Land Parcels Land Are
Slide 35: Pipeline Projects – Malaysia
Pipeline Projects – Malaysia Property Name KLCC (Oxley Tower) Location (KLCC) Lot 99, Section 0058 Mukim Bandar Kuala Lumpur, Daerah Kuala Lumpur Type Mixed Hotel & Service Apartment, Office and Commercial Development Acquisition Date November 2013 Tenure Freehold Land Area (sq m) 12,586 Gross Floor
Slide 36: Pipeline Projects – Cambodia
Pipeline Projects – Cambodia Property Name The Garage Location Street #84, Phum #13, Sangkat Srah Chork, Khan Daun Penh, Phnom Penh, Cambodia Type Mixed Retail, Hotel & Residential Development Acquisition Date November 2013 Tenure Freehold Land Area (sq m) 8,921 Gross Floor Area (sq m) TBC Net Floor
Slide 37: Financial Highlights
Group Overview Operations Review Financial Highlights Outlook Slide S Sl de 3 lide iid 37 7
Slide 38: Comprehensive Income
Comprehensive Income Full Year Ended (Unaudited) Fourth Quarter Ended Consolidated (S$’000) (Audited) (Audited) 30-Jun-13 30-Jun-14 %U 30-Jun-13 30-Jun-14 %U Revenue 457,693 1,074,116 135% 277,321 82,853 (70%) Gross Profit 138,437 423,376 206% 90,935 22,848 (75%) Operating Profit * 130,642 398,572 2
Slide 39: Financial Position
Financial Position As At Consolidated (S$’000) (Audited) (Audited) (Audited) (Audited) 30-Jun-11 30-Jun-12 30-Jun-13 30-Jun-14 Cash & Cash Equivalents 112,652 205,135 436,460 359,920 Development Properties 720,822 1,323,881 1,293,471 1,355,239 Total Assets 856,117 1,603,575 2,676,401 3,424,308 Curre
Slide 40: Key Financial Ratios
Key Financial Ratios (Audited) (Audited) (Unaudited) Consolidated 30-Jun-11 30-Jun-12 30-Jun-13 30-Jun-14 Gross Margin 34.8% 24.6% 30.2% 39.4% Operating Margin 26.4% 21.0% 28.5% 37.1% Net Margin (Profit After Tax) 20.6% 14.9% 22.7% 28.6% EBITDA / Interest Expense 24.8x 8.2x 15.5x 12.2x Total Borrowi
Slide 41: Financial Performance
Financial Performance Delivering Steady Growth in Revenue and Profit S$’m 1,200 1,074.1 1,000 800 600 457.7 398.6 400 377.4 200 159.4 130.6 122.7 70.9 18.7 18 33.5 29.5 0 FY2011 FY2012 FY2013 FY2014 Revenue Operating Profit NPBT e 41 Slide
Slide 42: Strengthening Asset Base and Financial Position
Strengthening Asset Base and Financial Position Strengthening Asset Base and Financial Position S$’m 4,500 4,000 3,424.3 3,500 3,000 2,676.4 2,500 2,000 1,603.6 1,500 1,000 856.1 500 436.2 239.6 134.6 145.1 0 FY2011 FY2012 FY2013 FY2014 Total Assets Total TNW e 42 Slide
Slide 43: Outlook
Group Overview Operations Review Financial Highlights Outlook Slide S Sl de 4 lide iid 43 3
Slide 44: Outlook – Residential (Local)
Outlook – Residential (Local) Impact of Property Cooling Measures Group’s Position Softening residential market due to Effects of the latest bout of cooling cooling measures measures on Group’s position is partially mitigated as most of the – Additional Buyer’s Stamp Duty projects in its portfol
Slide 45: Outlook – Residential (Overseas)
Outlook – Residential (Overseas) London Cambodia Residential property market seen as Establishment of the ASEAN Economic safe haven for overseas investors Community by end-2015 – Outer prime areas favoured – Growing investor confidence and foreign investments Ranked second in terms of global r
Slide 46: Outlook – Hospitality
Outlook – Hospitality Key Demand Drivers Continued growth in visitor arrivals driven by Singapore’s reputation:- As a safe leisure destination, with an annual line-up of international sports, arts and entertainment events In providing world-class medical facilities and services Of a corruption
Slide 47: Thank You
Oxley Holdings Limited Thank You
Oxley Holdings — Investor Presentation (October 2014) on 6ix