UOL Group Limited · SGX:U14
UOL — Investor Presentation (September 2011)
28 slides from UOL's investor presentation, September 2011
Slide 1: Investor Meetings Presentation
Investor Meetings Presentation August / September 2011 1
Slide 2: Agenda
• COMPANY OVERVIEW • 2Q2011 RESULTS OVERVIEW • OPERATION HIGHLIGHTS • Q&A 2
Slide 3: Company Overview
EUSA RRA A] UOL Group Limited COMPANY OVERVIEW
Slide 4: Group's Total Assets of S$8.45 billion as at 30 June 2011
• Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development (residential units for sale) - Property investments (offices, retail malls and serviced suites) - Hotel operations (owned and/or managed hotels) • Award-winning developer noted for architectural
Slide 5: Stable Management Team and strengths
Stable Management Team Strong Nimble & Capital Focused on Position Strategic Fit Well Proven Track Diversified Record Portfolio Design & Quality Excellence 5
Slide 6: Group structure: Property Development, Investments, Hotel Operations
Residential Developments Property Wholly-owned projects Development Joint-venture projects Commercial Properties/Serviced Suites Wholly-owned properties Property Joint-venture properties Investments UNITED INDUSTRIAL CORPORATION LIMITED (43%) SINGAPORE LAND LIMITED (77%) MARINA CENTRE HOLDINGS PTE L
Slide 7: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Japan, Bangladesh, USA & Canada 7
Slide 8: 10-year financial summary and CAGR
CAGR 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 % Revenue (S$m) 349.8 509.0 461.9 461.2 505.5 605.1 713.5 899.2 1,007.1 1,294.6 15.4 Profit before fair value and other gains/(losses) 103.2 119.7 107.6 128.3 149.3 158.6 273.3 351.5 429.9 543.9 20.3 (S$m) Profit before income tax 115.8 200.1 11
Slide 9: Revenue, PATMI, Total Assets, Market Capitalisation
Revenue PATMI 1,400.0 800.0 700.0 CAGR 30.2% 1,200.0 CAGR 15.4% 600.0 1,000.0 500.0 800.0 400.0 600.0 300.0 400.0 200.0 200.0 100.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total Assets Market Capitalisation 9,000.0 4,000.0 8,000.0 C
Slide 10: Contribution by Business Segments (as at 31 Dec 2010)
Contribution by Business Segments (as at 31 Dec 2010) Adjusted EBITDA* (%) Total Assets** (%) 2.8 45.0 12.4 13.9 0.5 51.8 9.2 0.4 39.3 24.5 *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains/losses on investment properties Property development Property
Slide 11: Awards
Newton Suites • FIABCI Prix d’Excellence Award • The Aga Khan Award for Architecture • Urban Land Institute Awards for Excellence • President’s Design Award • BCA Green Mark GoldPlus Award • IR Magazine SEA Awards • BCI Asia Top 10 Developer Awards • Singapore Retailers Association (SRA) Awards • Wo
Slide 12: 2Q2011 Results Overview
EUSA RRA A] UOL Group Limited 2Q2011 RESULTS OVERVIEW
Slide 13: 2Q and 1H 2011 results summary
2Q 2010 % 1H 2010 % S$m 2Q 2011 1H 2011 (Restated) Change (Restated) Change Revenue 455.9 326.7 +40 1,181.0 685.5 +72 Profit before fair value and 147.2 170.1 -13 479.5 308.3 +56 other (losses)/gains Fair value gains on investment properties including those of 114.9 30.6 +276 114.9 30.6 +276 associa
Slide 14: Balance sheet: NTA, equity, cash, net debt, gearing
FY 2010 1H 2011 % Change (Restated) Net tangible asset value per share S$6.39 S$5.91 +8 Total equity S$5,392m S$5,048m +7 Cash S$287m S$313m -8 Net debt S$2,223m S$1,877m +18 Gearing ratio 0.41 0.37 +11 The results for 2010 were restated due to the adoption of the INT FRS 115 accounting policy which
Slide 15: Revenue by Business Segments 2Q2011 vs 2Q2010
(S$m) Revenue by Business Segments Variance 2Q2011 vs 2Q2010 (Restated) +58% 305.7 193.0 +13% 2Q 2011 88.1 78.3 2Q 2010 +7% +27% 39.3 36.7 +4% 3.9 18.8 14.8 4.1 Property Property Hotel operations Management Dividend development investments services income Segment Contribution 2Q 2011 (%) 2Q 2010 (%)
Slide 16: Revenue by Business Segments 1H2011 vs 1H2010
(S$m) Revenue by Business Segments Variance 1H2011 vs 1H2010 (Restated) 907.7 +110% 433.0 +7% 1H 2011 1H 2010 +7% +27% 167.2 155.9 +3% 78.5 73.2 8.9 8.6 18.8 14.8 Property Property Hotel operations Management Dividend development investments services income Segment Contribution 1H 2011 (%) 1H 2010 (
Slide 17: Operation Highlights
EUSA RRA A] UOL Group Limited OPERATION HIGHLIGHTS
Slide 18: New Singapore land acquisitions in 2011
Lion City Hotel site and adjoining Hollywood Theatre site in Jan 2011 • Site area 13,740 sq m • Near existing Paya Lebar MRT Interchange • 60% retail, 40% residential • 100% stake LION CITY HOTEL SITE Bedok Reservoir Road site in March 2011 • Site area 46,623 sq m, plot ratio 1.4 • 5-storey, est.600
Slide 19: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % Complete Approx. Equity Units Area (as at 30.06.11) (as at 30.06.11) TOP Date Stake (sq m) Duchess Residences 70 120 19,800 98 100 TOP Breeze by the East 100 88 16,120 100 100 TOP Nassim Park Residences 50 100 38,440 100
Slide 20: Singapore residential pipeline
Singapore residential pipeline Project Name/Location Tenure Site Area Est. Est. % of Land (sq m) Saleable No. of Owned Area Units (sq m) Site at Bedok Reservoir 99 46,623 70,140 600 50 Road Site at former Lion City FH 13,740 18,020 240 100 Hotel Total 60,363 88,160 840 20
Slide 21: Over 1,000 residential units in overseas pipeline
Over 1,000 residential units in overseas pipeline Project Name/Location Site Area Est. Est. % Owned (sq m) Saleable Area No. of (sq m) Units Shanghai (Changfeng) 39,540 77,800 600 40 **Mixed development Tianjin (Hai He) 22,895 42,960 522 90 *Mixed development KL (Jalan Conlay) 15,986 81,220 494 60 T
Slide 22: Office and retail properties
Office properties Net Lettable Area/ *GFA (sq m) Portfolio Novena Square 38,960 United Square 27,205 Odeon Towers 18,412 Faber House 3,890 SubTotal 88,467 Pipeline Tianjin (Hai He) 12,283 Office component of mixed development Total 100,750 Retail properties Portfolio Novena Square shopping mall 15,8
Slide 23: Serviced Suites Properties
Serviced Suites Properties Rooms Portfolio Pan Pacific Serviced Suites Singapore 126 PARKROYAL Serviced Suites Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 Total 503 23
Slide 24: Hotel portfolio and confirmed pipeline
Existing Confirmed Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brands Pan Pacific 15 4,985 3 964 PARKROYAL 9 2,889 4 1,072 Others 2 595 - - Total 26* 8,469 7 2,036 By Ownership Type Owned 15 5,043 3# 881 Managed 11 3,426 4## 1,155 Total 26 8,469 7 2,036 * As at 31 July 2011. #
Slide 25: Outlook and strategy
• Headwinds expected in the second half of 2011 as the global economic outlook remains mired by Europe’s sovereign debt crisis and the fallout from the US’ fiscal deficits • Leverage on healthy capital position and diversified portfolio to tide out short-term market volatility • Adopt a nimble and p
Slide 26: 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 UOL Group
Slide 27: Thank You
THANK YOU For more information, visit www.uol.com.sg or www.pphg.com. 27
Slide 28: Q&A
EUSA RRA A] UOL Group Limited Q&A