Slide 1: 1Q2017 Financial Results
1Q2017 Financial Results 12 May 2017
Slide 2: Agenda
• COMPANY OVERVIEW • 1Q2017 RESULTS OVERVIEW • OPERATION HIGHLIGHTS 2
Slide 3: Company Overview
• 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 4: 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 4
Slide 5: Group structure
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 (UIC) (45%) Marina Centre Holdings Pte Ltd (23%) Hotel Investm
Slide 6: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Bangladesh, UK, USA & Canada 6
Slide 7: Contribution by Business Segments
Contribution by Business Segments *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains/losses on investment properties 7
Slide 8: Corporate Award
CORPORATE AWARD Brand Finance - Top 100 Singapore Brands 2016 (#34) • UOL Group Limited RESIDENTIAL PROJECTS Asia Pacific Property Awards 2017-2018 • The Clement Canopy • Park Eleven International Property Awards 2016 • Principal Garden FIABCI Singapore Property Awards 2016 • Archipelago HOTEL PROPE
Slide 9: 1Q2017 Results Overview
UOL Seal $l 1Q2017 RESULTS OVERVIEW
Slide 10: 1Q2017 vs 1Q2016 income results
$m 1Q2017 1Q2016 % Change Revenue 350.7 330.1 6 Share of profit of associated and joint venture 34.4 34.1 1 companies Profit before other gains and income tax 96.7 93.6 3 Profit before income tax 97.6 93.7 4 Net attributable profit 80.3 77.1 4 Earnings per share (cents) 9.98 9.68 3 10
Slide 11: Balance sheet as at 31 March 2017
As at As at % Change 31.03.17 31.12.16 Net tangible asset value per share $10.24 $10.07 2 Total equity $8,778m $8,635m 2 Cash $249m $302m -18 Net debt $2,101m $2,108m 0 Gearing ratio 0.24 0.24 0 11
Slide 12: Revenue by Business Segments 1Q2017 vs 1Q2016
($m) Revenue by Business Segments 1Q2017 vs 1Q2016 12% 0% 2% 16% 12
Slide 13: Revenue Contribution by Business Segments
Revenue Contribution by Business Segments 1Q2017 vs 1Q2016 13
Slide 14: Operation Highlights
UOL Seal $l OPERATION HIGHLIGHTS 14
Slide 15: Site at Amber Road
Site at 45 Amber Road • Freehold residential site in District 15 • Site area of 6,490 sqm; estimated 140-unit project • 100% stake • Close to upcoming Marine Parade and Tanjong Katong MRT stations • Target to launch in 2018 Image source: The Straits Times 15
Slide 16: En-bloc purchase of residential site at Potong Pasir Ave
En-bloc purchase of residential site at Potong Pasir Ave 1 • En-bloc tender of former HUDC estate, Raintree Gardens in October 2016 • Site area of 18,711 sqm; estimated 750-unit project • 50:50 joint venture with UIC • Next to Kallang River and near Potong Pasir MRT station • Target to launch in 201
Slide 17: The Clement Canopy
The Clement Canopy • 99-year leasehold site of 13,038 sqm • 505-unit development in Clementi and near Jurong, which is Singapore’s second CBD • In close proximity to reputable schools • 50:50 joint venture with UIC • 38.4% sold as at 31 Mar 2017 17
Slide 18: Principal Garden
Principal Garden • 99-year leasehold site at Prince Charles Crescent • 663-unit development near Redhill MRT station • 70:30 joint venture with Kheng Leong • 55.4% sold as at 31 Mar 2017 18
Slide 19: Botanique at Bartley
Botanique at Bartley • 99-year leasehold site along Upper Paya Lebar Road • 797-unit condominium near Bartley MRT station • 100% stake • 98.4% sold as at 31 Mar 2017 19
Slide 20: Riverbank@Fernvale
Riverbank@Fernvale • In Sengkang West Way, near Layar LRT, Punggol Reservoir and Seletar Aerospace Park • A 555-unit, four 19-storey blocks project • 100% stake • First-of-its-kind bicycle-sharing facility for residents • 93.5% sold as at 31 Mar 2017 20
Slide 21: Park Eleven, Shanghai
Park Eleven, Shanghai • Mixed development located within the Changfeng Ecological Business Park, about 5 km to the north-east of the Hongqiao Transportation Hub and less than 10 km from The Bund • 398 residential units and 4,000 sqm of net lettable area of retail • 40:30:30 joint venture between UOL
Slide 22: Site at Bishopsgate, London
Site at Bishopsgate, London • UOL’s first investment in UK • Freehold land of 3,200 sqm • In London’s central financial district, near Liverpool Street Station and the future Crossrail Station • Approved for a 43-storey tower with 160 residential units, 237 hotel rooms and a retail component • 100%
Slide 23: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % TOP Date Equity Units Area (as at 31.03.17) Completed Stake (sqm) (as at 31.03.17) Completed Riverbank@Fernvale 100 555 48,345 93.5 100 TOP Ongoing Park Eleven, Shanghai* 40 398 78,526 33.4 92 Est. 2Q2018 Principal Garde
Slide 24: Singapore and overseas residential pipeline
Singapore residential pipeline Project Name/Location Tenure Site Area Est. Est. No. % Target of Land (sqm) Saleable of Units Owned Launch Area (sqm) 45 Amber Road site Freehold 6,490 13,370 140 100 2018 Potong Pasir Ave 1 site 99 18,711 51,605 750 50 2018 Total 25,201 64,975 890 Overseas residential
Slide 25: Office and retail properties
Office properties Net Lettable Area (sqm) Portfolio Novena Square 41,372 United Square 26,874 Odeon Towers 18,364 Faber House 3,956 One Upper Pickering 8,089 110 High Holborn, London 10,873 Total 109,528 Retail properties Portfolio Novena Square shopping mall 15,987 United Square shopping mall 19,50
Slide 26: Owned Serviced Suites Properties
Owned Serviced Suites Properties Rooms Portfolio Pan Pacific Serviced Suites Orchard, Singapore 126 Pan Pacific Serviced Suites Beach Road, Singapore 180 PARKROYAL Serviced Suites Beach Road, Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 Total 683 26
Slide 27: Purchase of Hilton Melbourne South Wharf
Purchase of Hilton Melbourne South Wharf • Entered into a conditional agreement on 3 March 2017 • Property comprises 396 rooms, of which 12 rooms are owned by unrelated room owners • Estimated gross floor area of 30,688 sqm with a tenure of 99 years leasehold ending July 2108 • Located at 2 Conventi
Slide 28: Owned Hotels Portfolio
Owned Hotels Country Rooms Portfolio Pan Pacific Orchard Singapore 206 PARKROYAL on Beach Rd Singapore 346 PARKROYAL on Kitchener Road Singapore 532 PARKROYAL on Pickering Singapore 367 Pan Pacific Perth Australia 486 PARKROYAL Darling Harbour, Sydney Australia 340 PARKROYAL Parramatta Australia 286
Slide 29: Existing and Pipeline Hotels by Brand and Ownership
Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 19 5,939 4 998 PARKROYAL 13 3,868 2 748 Total 32 9,807 6 1,746 By Ownership Type Owned 20 6,253 1 237 Managed 12 3,554 5 1,509 Total 32 9,807 6 1,746 Note: Serviced suites are included in the above tally 29
Slide 30: Forward-looking statements 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 31: Q&A
UOL Seal $l Q&A