Soundwill Holdings Limited · HKEX:878
Soundwill — H1 2022 Earnings Presentation
19 slides from Soundwill's earnings presentation, Aug 30, 2022
Slide 1: 2022 Interim Results
i SARS RAA SOUNDWILL HOLDINGS LIMITED Stock Code: 878.HK *For identification purpose only
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the “Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or
Slide 3: Company Overview
Company Overview About Soundwill Stock Price Performance 9 0.9 Stock code : 878.HK 8 0.8 7 0.7 6 0.6 Listing date : March 1997 5 0.5 4 0.4 No. of issued shares : 283,308,635 shares 3 0.3 (as at 29 Aug 2022) 2 0.2 1 0.1 Share price (as at 29 Aug 2022) : HK$7.21 0 0 Aug-2021 Oct-2021 Dec-2021 Feb-2022
Slide 4: Milestone
Milestone Causeway Bay 1954 Soundwill Plaza 2004 Soundwill Plaza II -Midtown Causeway Bay 2010 Park Haven 2010 THE SHARP Wan Chai Tai Hang Kai Kwong Commercial Building Jones Hive WarrenWoods Kwai Chung 2014 iPLACE 4
Slide 5: Soundwill's Footprint
Soundwill’s Footprint Industrial Residential Commercial Property Investment Kai Kwong Commercial Building 5
Slide 6: Property Redevelopment Strategies
Property Redevelopment Strategies 5 years or above • Property investment & leasing – 3-5 years self-development of commercial • Property Development – self- properties in prime areas development of residential / commercial / industrial 1-3 years properties for resale • Sale of un-developed land site
Slide 7: 2022 Interim Results
2022 Interim Results
Slide 8: 2022 Interim Results Highlights
2022 Interim Results Highlights Turnover Revenue Revenue by business segments HK$ mil Property Development 23% (14%) Building Management & 568.9 Other Services 4% (4%) Property Leasing 270.3 73% (82%) 260.3 FY2021 1H2021 1H2022 (Comparative figures of 1H2021 in parentheses) Revenue composition ￭ Dec
Slide 9: Earnings
Earnings Adjusted Profit* Basic Earnings/(Loss) Per Share HK$ mil HK$ 0.22 FY2021 1H2021 1H2022 (1.26) 267 (2.85) 139 117 FY2021 1H2021 1H2022 * Exclude net gain/(loss) on fair value adjustments on investment properties, gain/(loss) on disposal of subsidiaries and investment property and impairment
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As at 31 Dec 2021 As at 30 Jun 2022 Change (HK$ mil) (HK$ mil) Total assets 22,277 22,367 ↑0.40% Net assets 19,542 19,527 ↓0.08% Cash and bank deposit 1,137 1,139 ↑0.18% Total borrowings 1,872 1,937 ↑3.47% Gearing ratio* 10% 10% 0 p.p Net of cash gearing ratio# 3.8% 4.1% 0.3
Slide 11: Business Overview
Business Overview
Slide 12: Grade-A Investment Portfolio – Commercial: Soundwill Plaza
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay Times Square Soundwill Plaza, Causeway Bay 時代廣場 Total leasing GFA : 245,105 sq. ft. Russell St 羅素街 Prime location in one of the world’s most expensive districts Canal Road 堅拿道 Destination
Slide 13: SWP Current Tenants (as at 30 Jun 2022)
SWP Current Tenants (as at 30 Jun 2022) 3-39/F Street level Transformers café 13
Slide 14: Grade-A Investment Portfolio – Soundwill Plaza II - Midtown
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Soundwill Plaza II - Midtown, Causeway Bay Times Square Growth Driver Total leasing GFA : 218,000 sq. ft. 時代廣場 Quality tenants: Russell St 羅素街 Canal Road 堅拿道 Tang Lung St 登
Slide 15: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial Investment property 10 Knutsford Terrace, Tsim Sha Tsui Total leasing GFA : approx.114,000 sq. ft. New leasing specifications Floor GFA (sq. ft.) Occupancy rate G/F – 3/F 20,000 100% 4/F – 23/F 94,000 85% Total 114,000 87% Kai Kwong Commercial Building,
Slide 16: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial Investment property THE SHARP, Causeway Bay (G/F retail space retained for investment purpose) Total leasing GFA : approx.5,968 sq. ft. New leasing specification Floor GFA (sq. ft.) Occupancy rate G/F – 2/F 4,570 100% Shops 1-3 G/F Shop A 1,398 100% 16
Slide 17: Land Bank & Development Timeline
Land Bank & Development Timeline Project location Development plan Causeway Bay Commercial development Yiu Wa St. and Canal Road East Site area: 2,952 sq. ft. 耀華街及堅拿道東 GFA: 44,000 sq. ft. 「iCITY」 Industrial complex Ta Chuen Ping Street Site area: 20,000 sq. ft. 打磚坪街 GFA: 190,000 sq. ft.
Slide 18: Appendix
Appendix
Slide 19: Shareholding / Corporate Structure
Shareholding / Corporate Structure Chairman Other Public Shareholders Madam FOO Kam Chu Grace *74.32% 25.68% ** Property and Property Property Building Management Leasing Development No. of issued shares : 283,308,635 shares (as at 29 Aug 2022) * approximately 74.29% held by a trust, in which the Ch