14 slides from City Developments's shareholder meeting presentation, Apr 26, 2007
Slide 1: SGX Announcement: Resolutions Passed at 44th AGM
Miscellaneous * Asterisks denote mandatory information Name of Announcer * CITY DEVELOPMENTS LIMITED Company Registration No. 1963003162 Announcement submitted on behalf of CITY DEVELOPMENTS LIMITED Announcement is submitted with respect to * CITY DEVELOPMENTS LIMITED Announcement is submitted by *
Slide 2: The Proxy to Singapore's Property Market – Annual General Meeting
The Proxy to Singapore’s Property Market Annual General Meeting 26 April 2007 Presentation Outline I. Performance Review II. Growth Strategies III. Market Outlook IV. Looking Ahead in 2007 1
Slide 3: Summary of Financial Highlights
Performance Review Performance Review Summary of Financial Highlights FY 2005 FY 2006 % Change Revenue ($m) 2,374 2,547 7 Profit from operations ($m) 468 674 44 Profit before tax ($m) 404 692 71 Profit after tax & MI ($m) 200 352 76 Earnings Per Share (cents): FY 2005 FY 2006 % (Restated) Change Bas
Slide 4: 6-Year Analysis
Performance Review 6-Year Analysis (As at 1 Jan 2007) 2001* 2002* 2003* 2004 2005 2006 Revenue $2,227m $2,289m $2,326m $2,380m $2,374m $2,547m Profit before tax $139m $243m $214m $503m $404m $692m Profit attributable to CDL shareholders $54m $151m $152m $227m $200m $352m Net Debt Equity Ratio 0.99 0
Slide 5: Growth Strategies
Growth Strategies Growth Strategies 1. Remain the proxy to the Singapore real estate market 2. Continue with strategic land acquisition policy 3. Maximise real estate assets 4. Evaluate various options to unlock shareholder value 5. Selective overseas investment and expansion of development activiti
Slide 6: Remain the proxy to the Singapore real estate market
Growth Strategies [1] Remain the proxy to the Singapore real estate market • Proven track record • Leadership – timely launch of The Sail @ Marina Bay kick-started the recovery of the property market • Lead the industry with high-profile, luxury developments – introduce iconic designs and lifestyles
Slide 7: Luxury developments and upcoming launches
Growth Strategies [1] Remain the proxy to the Singapore real estate market … lead the industry with high-profile, luxury developments The Solitaire One Shenton Residences @ Evelyn Tribeca Growth Strategies [1] Remain the proxy to the Singapore real estate market Upcoming Launches The Quayside Isle C
Slide 8: Continue with strategic land acquisition policy
Growth Strategies [2] Continue with strategic land acquisition policy 2006 Acquisitions Land Area (sq ft) Lock Cho Apartments, 179,828 Adjoining Properties & State Land Lucky Tower 169,189 The Quayside Collection (Sentosa Cove) 523,251 Futura 87,034* Total Cost: > $1 billion Total Land Area: Approxi
Slide 9: Maximise real estate assets – Land Bank
Growth Strategies [3] Maximise real estate assets – Land Bank Type of Development Land Area (sq ft) % Residential (Local & Overseas) 3,486,871 79 Commercial / Hotel 457,398 10 Industrial 462,818 11 TOTAL 4,407,087 100 Residential* (Overseas) 8% Industrial 11% Residential Commercial/ (Local) Hotel 71
Slide 10: Hotel Occupancy Rate and unlocking shareholder value
Growth Strategies [3] Maximise real estate assets - Hotel 90 Hotel Occupancy Rate (%) 80 78 79 76 74 70 72 70 70 70 60 2005 50 2006 40 30 Asia United States Europe Australasia Growth Strategies [4] Evaluate various options to unlock shareholder value • Possible listing of an office / retail mall REI
Slide 11: Selective overseas investment and expansion
Growth Strategies [5] Selective overseas investment and expansion of development activities • Explore new markets overseas • Joint-venture investments Vietnam Russia China Thailand Market Outlook 10
Slide 12: Market Outlook: Residential Sales and Price Index
Market Outlook Residential Property Sales (1996 – 2006) 12000 11,147 10000 9565 8955 8171 No. of units 8000 7189 7485 6000 6096 5785 5520 5406 4000 5156 2000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Source : Urban Redevelopment Authority Market Outlook Property Price Index - Resident
Slide 13: Looking Ahead in 2007
Looking Ahead in 2007 Strong fundamentals, poised for growth • Restructured economy with strong fundamentals • A Global Hub of multi-disciplines, e.g. finance, education, tourism, health care, etc • An international city to live, work & play, e.g. IRs • Strong interest from foreign investors from al
Slide 14: CDL's Recent Awards
CDL’s Recent Awards FTSE4Good Social Responsibility Index (since 2002) One of six companies in Asia (excluding Japan) included in this real time index series which reflects the performance of socially responsible equities Business SIAS Investors’ Choice Awards 2006 - Among Singapore’s Awards Most Tr