Sing Holdings Ltd. · SGX:5IC
Sing — Shareholder Meeting (April 2023)
16 slides from Sing's shareholder meeting presentation, Apr 25, 2023
Slide 1: Annual General Meeting
Annual General Meeting Tuesday, 25 April 2023 at 3.00 PM Pride in Delivering Quality Developments
Slide 2: Disclaimer
Disclaimer This presentation may contain statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in such statements as a result of a number of risks, uncertainties and assumptions. Past performance is not necessarily
Slide 3: Agenda
Agenda • Financial Performance for FY2022 • Financial Position as at 31 December 2022 • Ten-Year Net Asset Value Chart • Dividend for FY2022 • Ten-Year Dividend Chart • Three-Year Stock Chart • Update on Properties • Outlook and Prospects
Slide 4: Financial Performance
Financial Performance ($’000) 2022 2021 % Change Revenue 62,011 121,730 (49%) Gross profit 21,162 28,786 (26%) Profit for the year 13,352 15,405 (13%) Profit attributable to shareholders 10,843 9,834 10% Earnings per share (in cents) 2.70 2.45 10% • Revenue decreased by 49% to $62.0 million due to l
Slide 5: Financial Position
Financial Position ($’000) 2022 2021 % Change Cash and cash equivalents 102,427 16,756 511% Interest-bearing bank loans 294,125 439,984 (33%) Loans from non-controlling shareholder - 38,083 (100%) Equity attributable to shareholders 314,982 314,252 < 1% Net asset value per share (in cents) 78.55 78.
Slide 6: Ten-Year Net Asset Value Chart
Ten-Year Net Asset Value Chart ($’000) Net asset value attributable to shareholders 350,000 $315m 300,000 250,000 $226m 200,000 150,000 100,000 50,000 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 7: Dividend for FY2022
Dividend for FY2022 Final dividend 1.00 cent per share, one-tier tax exempt Type of dividend Cash Ex-dividend date Wednesday, 3 May 2023 Payment date Tuesday, 16 May 2023 Based on the profit reported for FY2022, the Board is recommending the same dividend rate of 1.00 cent per share. This translates
Slide 8: Ten-Year Dividend Chart
Ten-Year Dividend Chart 4.46% 2.0 4.5% 4.11% 4.04% 1.8 3.91% 4.0% 1.85 1.6 3.5% 1.50 1.4 3.03% 3.0% 1.375 3.08% 2.74% 2.67% 1.2 1.25 1.20 2.5% (cents) 2.27% 2.47% 1.0 1.00 1.00 1.00 1.00 2.0% 1.00 0.8 1.5% 0.6 1.0% 0.4 0.2 0.5% 0.0 0.0% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Dividend per
Slide 9: Three-Year Stock Chart
Three-Year Stock Chart 21 April 2023 Source: Reuters • Share price has been affected recently by interest rate hikes.
Slide 10: Executive Condominium Development – North Gaia
Update on Properties Executive Condominium Development – North Gaia Artist’s Impression
Slide 11: Executive Condominium Development – North Gaia
Update on Properties • Located at Yishun Close, opposite Khatib Bongsu Nature Park • 99-year leasehold executive condominium • Site area of 21,514 sq. m. • Gross floor area of 60,240 sq. m. • 11 blocks of 14-storey buildings with 616 apartment units • Construction commenced in 3Q2021, expected to co
Slide 12: North Gaia Sales Update
Update on Properties Sales update as of 23 April 2023: • Options issued 236 units (38%) • Sales value $334.709 million • Average sales price $1,297 psf • Saleable area of 61,478 sq. m. • Revenue to be recognised at TOP stage
Slide 13: Hospitality Asset – Travelodge Docklands
Update on Properties Hospitality Asset – Travelodge Docklands • Located in Melbourne, Australia • Walking distance to Southern Cross Railway Station and Marvel Stadium • Close proximity to tourist attractions and commercial buildings • Freehold limited service hotel • 14-storey building with 291 roo
Slide 14: Hotel Performance in FY2022
Update on Properties Hotel performance in FY2022: • Business has picked up steadily since the lifting of COVID-19 measures in Melbourne and the return of events, concerts and sporting activities. • Occupancy rates have improved, especially during weekends. whole of 2022 – 64% (2021 – 17%) • The ho
Slide 15: Industrial Properties – BizTech Centre
Update on Properties Industrial Properties – BizTech Centre • Located along Aljunied Road • Walking distance to the Mattar MRT station • Freehold light industrial building • Sold 10 strata units in 2022 • Owns strata space totaling 2,530 sq. m. • Occupancy rate at 97%
Slide 16: Outlook and Prospects
Outlook and Prospects • Outlook of Singapore economy for 2023 continues to be clouded by uncertainties in the global environment. • One positive note is China’s economic reopening and policy easing. With GDP growth of 4.5% in 1Q2023 from a year ago, China may bring some relief to the gloomy global e