Slide 1: UOL Group FY2021 Results
UOL GROUP F Y 2 0 2 1 R E S U LT S 2 8 F E B R U A RY 2 0 2 2
Slide 2: 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 3: Company Overview
COMPANY OVERVIEW • UOL Group Limited (UOL) was founded in 1963 and listed on the Singapore Exchange in 1964 • Total assets of $21.3 billion as at 31 December 2021 • Geographical presence in 14 countries - Singapore, Australia, UK, China, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Cambodia, Ban
Slide 4: Core Businesses
CORE BUSINESSES Property Property Hotel development investments operations • Wholly-owned projects • Wholly-owned • Wholly-owned hotels • Joint-venture projects properties • Joint-venture hotels • SingLand-owned • Joint-venture properties • SingLand-owned hotels projects • SingLand-owned • Aquamarin
Slide 5: Agenda
AGENDA • FY2021 KEY FINANCIALS • O P E R AT I O N H I G H L I G H T S • MARKET OUTLOOK
Slide 6: 2021 Review
2021 REVIEW Delivered creditable results due to resilient and diversified portfolio despite challenges from the pandemic • PATMI increased significantly to $307.4 million for FY2021 (FY2020: $13.1 million) due mainly to attributable fair value and other gains of $73.8 million, compared to attributab
Slide 7: FY2021 Key Financials
To update Avenue South Residence (artist’s impression) FY2021 KEY FINANCIALS
Slide 8: Key Financials
KEY FINANCIALS $m FY2021 FY2020 % Change Revenue 2,606.8 1,977.1 32 Profit before fair value and other 450.9 443.2 2 gains/(losses) Other gains/(losses) 26.7 -41.2 165 Fair value gains/(losses) on the Group’s 114.2 -293.3 139 investment properties Profit before income tax 591.8 108.7 444 PATMI 307.4
Slide 9: Key Financials
KEY FINANCIALS FY2021 FY2020 % Change Earnings per share before fair value and 27.7 cents 30.8 cents -10 other gains/(losses) Earnings per share 36.4 cents 1.6 cents 2,175 Net tangible asset value per share $11.99 $11.55 4 Return on equity before fair value and 2.3% 2.6% -12 other gains/(losses) Ret
Slide 10: Capital Management
CAPITAL MANAGEMENT Healthy balance sheet as at 31 December 2021 Total debt ($m): $5,279 million Cash Net debt $1,490 million $3,789 million FY2020: $977 million FY2020: $4,149 million 1,858 >3 yrs (35%) Gearing ratio Average borrowing cost 0.26 1.50% 2-3 yrs 687 (13%) FY2020: 0.29 FY2020: 1.35% 1-2
Slide 11: Contributions by Business Segment: Revenue
CONTRIBUTIONS BY BUSINESS SEGMENT Revenue by business segment (+67%) 1800 1,571.5 FY2021 FY2020 1600 1400 1200 $ million 1000 943.1 800 (0%) 600 502.2 503.3 (+14%) (-13%) 400 282.0 246.5 225.7 197.3 (+17%) (-13%) 200 11.1 42.8 9.4 49.0 0 Property development Property investments Hotel operations Tec
Slide 12: Contributions by Business Segment: Operating Profit
CONTRIBUTIONS BY BUSINESS SEGMENT Operating profit by business segment (-4%) 400 FY2021 356.4 FY2020 341.5 350 (+6%) 300 250 218.9 206.3 200 $ million 150 100 (-13%) (-11%) (+135%) 48.9 50 42.5 9.7 1.5 10.9 0 -50 -4.3 -100 -84.6 -74.8 (-13%) Property development Property investments Hotel operations
Slide 13: Contributions by Geography
CONTRIBUTIONS BY GEOGRAPHY (%) Revenue FY20211: $2,606.8m 81 4 9 6 1 801 FY2020: $1,977.1m 73 4 19 2 Adjusted EBITDA2 FY20213: $637.0m 85 4 9 3 FY20203: $651.5m 76 3 19 4 Total asset value 1 1 FY2021: $21,275.0m 82 3 6 7 1 FY20204: $20,373.5m 83 3 6 7 Singapore Australia Malaysia China United Kingdo
Slide 14: Operation Highlights
Clavon (artist’s impression) O P E R AT I O N H I G H L I G H T S
Slide 15: Property Development: Residential Units Booked
PROPERTY DEVELOPMENT Residential units booked as at 31 December 2021 Units Booked % Booked* Launch Date Total Units Effective Stake (as at 31.12.21) (as at 31.12.21) Singapore The Watergardens at Aug 2021 330 74% 448 65% Canberra Clavon Dec 2020 608 95% 640 90% Avenue South Sept 2019 914 85% 1,074 6
Slide 16: Property Development: Singapore Residential Sales
PROPERTY DEVELOPMENT Singapore residential sales - Units booked in FY2021 vs FY2020 Total sales of 799 residential units with value of approximately $1.53 billion based on bookings in 2021 vs $1.17 billion in 2020 Units booked in Units booked in Singapore FY2021 FY2020 Under UOL The Watergardens at
Slide 17: Singapore Residential Pipeline – Watten Estate En-bloc Purchase
PROPERTY DEVELOPMENT Singapore residential pipeline – En-bloc purchase of Watten Estate Condominium • On 27 October 2021, UOL’s tender for the en-bloc purchase of Watten Estate Condominium at 36-44 Shelford Road was accepted by the members of the Sale Committee for a total consideration of $550.8 mi
Slide 18: Singapore Residential Pipeline – Ang Mo Kio Avenue 1 Site
PROPERTY DEVELOPMENT Singapore residential pipeline – Ang Mo Kio Avenue 1 site • Awarded government land sales (GLS) site at Ang Mo Kio Avenue 1 in June 2021 at $381.4 million or $1,118 psf ppr • Latest GLS site in Ang Mo Kio in the last 7 years • 60:20:20 joint venture among UOL, SingLand and Kheng
Slide 19: Property Investments: Retail Portfolio Occupancy and Footfall
PROPERTY INVESTMENTS Retail portfolio – Committed occupancy and shoppers’ footfall Retail Committed Occupancy (%) Shoppers’ Footfall (m) (2H2021 vs 1H2021) (FY2021 vs FY2020) 100% 92.9% 50 m 90.6% - 9.4% 80% 40 m 60% 30 m 40% 20 m 20% 10 m 0% 0m 2H2021 1H2021 FY2021 FY2020 % of retail portfolio NLA/
Slide 20: Property Investments: Office Portfolio Occupancy
PROPERTY INVESTMENTS Office portfolio – Committed occupancy maintained Office Committed Occupancy (%) (2H2021 vs 1H2021) 100.0% 100.0% 100% 91.3% 93.7% 91.4% 90.9% 80% 60% 40% 20% 0% Singapore Office Properties UK Office Properties Australia Office Property 2H2021 1H2021 % of office portfolio NLA/NF
Slide 21: Retail Portfolio – New Tenants Committed in 2H2021
PROPERTY INVESTMENTS Retail portfolio – New tenants committed in 2H2021
Slide 22: Diversified Tenant Base of UOL and SingLand
PROPERTY INVESTMENTS Diversified tenant base of UOL and SingLand 5% 16% 6% 22% 26% 5% 4% 8% 4% Office Retail* 5% 9% 12% 6% 19% 8% 6% 9% 5% 7% 14% Banking, Insurance, Financial Services and Fund Management Government Agency and Embassies Food and Beverage Technology, Media and Telecommunications Educ
Slide 23: North Bridge Road Site – Enlargement of Odeon Towers
PROPERTY INVESTMENTS 333 North Bridge Road site – Enlargement of Odeon Towers • Received in-principle approval from URA to develop 333 North Bridge Road site, which was acquired for $79.3 million in December 2019 • New standalone 7-storey building is an extension of Odeon Towers and commands 50m fro
Slide 24: Singapore Land Tower – Asset Enhancement Initiative
PROPERTY INVESTMENTS Singapore Land Tower - Asset enhancement initiative • Located along Battery Road, the 47-storey Singapore Land Tower has an approximate net floor area of 57,500 sqm • Awarded BCA Green Mark GoldPlus in 2021 • In January 2021, the building embarked on an asset enhancement initiat
Slide 25: Hotel Operations
HOTEL OPERATIONS Owns and/or manages over 30 hotels with more than 10,000 rooms • Comprises three highly-acclaimed brands – “Pan Pacific”, PARKROYAL COLLECTION and PARKROYAL Photo credit: Sebastien Nagy PARKROYAL COLLECTION Pickering, Singapore Pan Pacific London, United Kingdom PARKROYAL COLLECTION
Slide 26: Hotel Operations: Occupancy and RevPar
HOTEL OPERATIONS Global travel restrictions continued to impact hospitality business Occupancy for owned1 hotels RevPar for owned1 hotels (FY2021 vs FY2020) (FY2021 vs FY20202) 66% 65% $91 $93 62% 59% $81 $80 35% 32% $36 $33 FY2021 FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 FY2020 FY202
Slide 27: 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 21 6,808 7 1,503 PARKROYAL COLLECTION 2 950 1 535 PARKROYAL 12 3,345 9 1,749 Others 4 1,384 1 246 Total 39 12,487 18 4,033 By Ownership Type Owned 26 8,882 6 1,676 Managed 12 3,197 12 2,357
Slide 28: Faber House – Redevelopment into a 250-key Hotel
HOTEL OPERATIONS Faber House - Redevelopment into a 250-key hotel • Received URA’s in-principle approval under the Strategic Development Initiative (SDI) scheme • Re-zoned site to hotel use • Total GFA with plot ratio intensification is 11,025 sqm • To redevelop into an 18-storey building featuring
Slide 29: Hotel Pipeline Projects (Owned)
HOTEL OPERATIONS: PIPELINE PROJECTS (OWNED) Singapore Jakarta Kuala Lumpur • Designed by WOHA, the • 158-room Pan Pacific • 535-room PARKROYAL 347-room Pan Pacific Jakarta located at COLLECTION Kuala Lumpur, Orchard will be an icon of Thamrin Nine, a mixed- located in the heart of Bukit biophilic de
Slide 30: Hotel Pipeline Projects: Serviced Suites
HOTEL OPERATIONS: PIPELINE PROJECTS Target schedules for serviced suites: • 1H2022: 122-key PARKROYAL Serviced Suites Hanoi (managed) at the scenic West Lake • 2H2022: 194-key PARKROYAL Suites Bangkok (managed) in the heart of Bangkok’s commercial district • 2H2022: 210-key Pan Pacific Serviced Suit
Slide 31: Sustainability
SUSTAINABILITY Advancing sustainability efforts with growing global concerns on the impact of climate change • Launched Sustainability Vision: Less Carbon, More Life to articulate strong commitment to sustainability • Pledged commitment in a joint effort to address climate change through the Singapo
Slide 32: Topping Out of Avenue South Residence
SUSTAINABILITY Topping out of Avenue South Residence on 25 February 2022 • Mr Desmond Lee, Minister for National Development, officiated the topping out ceremony of the world’s tallest residential development built using the prefabricated prefinished volumetric construction (PPVC) method for its 56-
Slide 33: Awards & Accolades
AWARDS & ACCOLADES Corporate UOL Group Limited Pan Pacific Hotels Group Limited Singapore Corporate Governance Awards 2021 World Travel Awards 2021 (Special Edition) • China's Leading Lifestyle Hotel Brand • Corporate Excellence and Resilience Award SIAS Investors’ Choice Awards 2021 Travel Weekly A
Slide 34: 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 COLLECTION The Clement Canopy, Singapore Pickering, Singapore 34
Slide 35: Q&A
Q&A