Uol Group Limited · SGX:U14
Uol — Q3 2020 Earnings Presentation
20 slides from Uol's earnings presentation, Nov 11, 2020
Slide 1: UOL Group 3Q2020 Business Update
UOL GROUP 3 Q 2 0 2 0 B U S I N E S S U P D AT E 11 N O V E M B E R 2 0 2 0
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: Business Update
BUSINESS UPDATE The Company refers to its SGXNET announcement on 28 February 2020 that with reference to the amendments to Rule 705 of the SGX Listing Manual, its financial statements will be announced on a half-yearly basis. On 18 May 2020, the Company provided a business update covering 1st Quarte
Slide 4: Company Overview
COMPANY OVERVIEW • UOL Group Limited (UOL) was founded in 1963 and listed on the Singapore Exchange in 1964 • Total assets of $20.4 billion as at 30 September 2020 • Geographical presence in 13 countries - Singapore, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Australia, China, Bangladesh, Japa
Slide 5: 3 Q 2 0 2 0 B U S I N E S S
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Slide 6: Overview
OVERVIEW • Residential projects including Avenue South Residence and The Tre Ver recorded healthy sales Residential projects in popular micro-markets are more resilient Developers sold more than 7,500 new private homes in the first nine months of the year • Office portfolio committed occupancy r
Slide 7: Property Development: Residential Units Booked
PROPERTY DEVELOPMENT Residential Units Booked as at 30 September 2020 Units Booked as at 30 September 2020 % of Total Effective Units Booked Total Units Development Stake Singapore Avenue South Residence 65% 1,074 571 53.2% MEYER HOUSE 50% 56 9 16.1% The Tre Ver 75% 729 719 98.6% Amber45 100% 139 12
Slide 8: Healthy Residential Sales - 3Q2020 vs 2Q2020
PROPERTY DEVELOPMENT Healthy Residential Sales - 3Q2020 vs 2Q2020 Units Booked in Units Booked in Singapore 3Q2020 2Q2020 Avenue South Residence1 71 42 MEYER HOUSE 2 0 The Tre Ver2 35 12 Amber452 4 4 Total 112 58 Amber45 received its temporary occupation permit in September 2020. 1Avenue South Resid
Slide 9: Upcoming Residential Launch - Clavon
PROPERTY DEVELOPMENT Upcoming Residential Launch - Clavon • Awarded government land sales site at Clementi Avenue 1 in July 2019 for $491.3 million or $788 psf ppr • 80:20 joint venture between UOL and UIC; 90% effective stake • Total GFA of 57,900 sqm; 640 units • Located adjacent to award-winning
Slide 10: Singapore Residential Pipeline – Canberra Drive Site
PROPERTY DEVELOPMENT Singapore Residential Pipeline – Canberra Drive Site • Awarded government land sales site in March 2020 for $270.2 million or $650 psf ppr • 50:30:20 joint venture among UOL, UIC and Kheng Leong; 65% effective stake • Total GFA of 38,593 sqm; estimated 448 residential units • Gr
Slide 11: One Bishopsgate Plaza – First Foray into UK
PROPERTY DEVELOPMENT One Bishopsgate Plaza – First Foray into UK • A 41-storey luxury mixed-use tower in London with residential, hotel and commercial components • Located at 150 Bishopsgate in London’s central financial district • Near Liverpool Street Station and the future Crossrail Station • Pri
Slide 12: Retail Portfolio – Committed Occupancy Remained Stable
PROPERTY INVESTMENTS Retail Portfolio – Committed Occupancy Remained Stable Retail Committed Occupancy (%) Shopper Footfall (m) as at 30 September 2020 (Q-o-Q) YTD 30 September 2020 (Y-o-Y) 100% 93.5% 94.4% 70 m 60 m 80% 50 m 60% 40 m - 43.1% 40% 30 m 20 m 20% 10 m 0% 0m 3Q2020* 2Q2020 YTD 30 Sep 20
Slide 13: Office Portfolio – High Committed Occupancy Maintained
PROPERTY INVESTMENTS Office Portfolio – High Committed Occupancy Maintained Office Committed Occupancy (%) as at 30 September 2020 (Q-o-Q) 100.0% 100.0% 100% 94.9% 94.5% 93.3% 94.4% 80% 60% 40% 20% 0% Singapore Office Properties* UK Office Properties Australia Office Property 3Q2020 2Q2020 Balance %
Slide 14: Hospitality Performance Affected by International Travel Restrictions
HOTEL OPERATIONS Hospitality Performance Affected by International Travel Restrictions Occupancy for Owned1 Hotels RevPar for Owned1 Hotels (9M2020 vs 9M2019) (9M2020 vs 9M20192) 84% 83% $230 68% 67% $163 57% $96 32% $78 $81 $33 9M2020 9M2019 9M2020 9M2019 9M2020 9M2019 9M2020 9M2019 9M2020 9M2019 9
Slide 15: Hotel Operations: Existing Pipeline
HOTEL OPERATIONS Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 20 6,571 6 1,338 PARKROYAL COLLECTION 2 942 - - PARKROYAL 12 3,517 9 2,199 Others 4 1,384 - - Total 38 12,414 15 3,537 By Ownership Type Owned 26 9,059 5 1,241 Managed 11 2,947 10 2,296 Mark
Slide 16: Alternative Revenue Streams for Hospitality Business
HOTEL OPERATIONS Alternative Revenue Streams for Hospitality Business • Most Singapore hospitality properties have opened for staycation - PARKROYAL COLLECTION Pickering in November 2020, PARKROYAL on Beach Road and Pan Pacific Serviced Suites Beach Road in July 2020 • Upcoming hotels to open for st
Slide 17: PARKROYAL COLLECTION – Sustainable Hospitality for Growth
HOTEL OPERATIONS PARKROYAL COLLECTION – Sustainable Hospitality for Growth • Launched new hospitality brand PARKROYAL COLLECTION in January 2020 • Offers upper upscale accommodation where hotels under this brand are characterised by iconic design, eco- friendly practices and a focus on well- being •
Slide 18: Pan Pacific London – First Pan Pacific Hotel in Europe
HOTEL OPERATIONS: OWNED PIPELINE PROJECTS Pan Pacific London – First “Pan Pacific” Hotel in Europe • Located in Bishopsgate, London’s central financial district • Part of a 41-storey luxury mixed-use development • 237 rooms with dining, meeting, fitness and wellness facilities • Close to Liverpool S
Slide 19: Capital Management
CAPITAL MANAGEMENT Total Debt ($m): Healthy Balance Sheet as at 30 September 2020 $5,318 million Cash Net debt $860 million $4,458 million 752 >3 yrs (14%) FY2019: $717 million FY2019: $4,234 million 1,739 Gearing ratio Average borrowing cost 2-3 yrs 0.32 1.45% (33%) FY2019: 0.30 FY2019: 2.29% 1,271
Slide 20: Awards & Accolades
AWARDS & ACCOLADES Corporate UOL Group Limited Pan Pacific Hotels Group Limited EdgeProp Singapore Excellence Awards 2020 World Travel Awards 2020 • Top Developer Award • Asia's Leading Lifestyle Hotel Brand • China's Leading Lifestyle Hotel Brand BCA Green Mark Awards 2020 • Green Mark Champion Awa