Slide 1: FY2024 Results Presentation
FY2024 Results Presentation 28 February 2025
Slide 2: Disclaimer
Disclaimer ProsperCap Corporation Limited (“ProsperCap” or the “Company”) was listed on Catalist of the SGX-ST via a reverse takeover (“RTO”) on 26 January 2024. PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor") was the sponsor and financial adviser to the RTO. This presentation is prepared
Slide 3: Agenda
1 Key Highlights Agenda 2 Financial Review 3 Portfolio Review 4 Outlook & Growth Strategy 5 Appendix 3
Slide 4: Key Highlights
ProsperCap Key Highlights
Slide 5: Key Events & Highlights FY2024
Key Events & Highlights FY2024 1. Successful refinancing of GBP 310 million on 13 Sep 2024 • Strengthens financial stability for long-term growth • Supports property improvement projects and capacity expansion • Basis for long-term prudent capital management and increased competitiveness 2. Hilton “
Slide 6: Key Highlights – improved operating statistics
Key Highlights – improved operating statistics Revenue Occupancy S$246.9m 246.9 79.7% 79.7 242.4 ▲0.2% 79.5 ▲1.9% Gross Profit ADR(3) 101.50 S$133.8m 133.8 £101.50 ADR 99.44 0.2% 134.1 ▲2.1% Normalised loss before tax RevPAR(4) S$(14.7)m (14.7) (1) RevPAR £80.85 80.85 79.03 38.4% ▲2.3% (23.9) (2) (1
Slide 7: The “Real” Growth – comparison on a like-for-like basis
The “Real” Growth – comparison on a like-for-like basis FY2023 FY2024 FY2023 ADJ FY2024 Revenue Revenue ▲1.9% 242.4 ▲5.1% 246.9 235.0 FY2023: S$242.4m FY2023 ADJ: S$235.0m 242.4 vs 246.9 vs 246.9 FY2024: S$246.9m FY2024: S$246.9m 133.8 Gross Profits Gross Profits 134.1 0.2% 134.1 ▲4.0% 128.7 FY2023
Slide 8: Financial Review
2 Financial Review
Slide 9: FY2024 Financial Performance
FY2024 Financial Performance FY2024 (S$’m) FY2023 (S$’m) YoY Change (%) Revenue 246.9 242.4 1.9 Gross Profit 133.8 134.1 0.2 Net finance costs (44.4) (57.0) 22.0 (Loss)/profit before tax (37.3) 46.5 N.M. Normalised loss before tax (“Normalised LBT”) (14.7) (23.9) 38.4 N.M. denotes not meanin
Slide 10: FY2024 Balance Sheet
FY2024 Balance Sheet As at 31 December 2024 As at 31 December 2023 (S$’m) (S$’m) Re-presented (1) Property, plant and equipment 772.9 784.8 Other non-current assets 37.8 30.5 Current assets 25.7 60.0 Total Assets 836.4 875.3 Non-current liabilities 518.2 25.6 Current liabilities 80.7 636.6 Total Lia
Slide 11: Capital Management
Capital Management As at 31 As at 31 As at 31 December 2024 As at 31 December 2023 December 2024 December 2023 2.54 Total equity (S$’000) 237,425 213,043 2.13 Net Debt (S$’000) (1) 505,739 541,048 Net Debt/ Total equity 2.13 2.54 0.65 0.69 Net Debt/ Property value (2) 0.65 0.69 Net Debt/ Total equit
Slide 12: Portfolio Review
ProsperCap Portfolio Review
Slide 13: Portfolio Review
Portfolio Review Tenor IHG Leasehold 9 59% Hilton 6 Freehold & Long Marriott 41% leasehold (1) 2 Hotel Management Structure ProsperCap operates its 17 hotels under franchise agreements with renowned international hotel brands such as IHG, Hilton and Marriot, to leverage their brand equity, standar
Slide 14: Key Performance Indicators
Key Performance Indicators FY2024 Actual FY2023 Actual % Change FY2023 % Change (w/o CPSF)(1) Occupancy 79.7% 79.5% 0.2 79.4% 0.3 ADR (£) 101.50 99.44 2.1 99.34 2.2 RevPAR (£) 80.85 79.03 2.3 78.85 2.5 Revenue (£’000) 144,630 144,893 (0.2) 140,463 3.0 Gross Operating Income (GOI) 78,360 79,588 (1.5)
Slide 15: Portfolio Operating Performance
Portfolio Operating Performance Revenue by Geography (%) 3.0% Revenue by Type (%) 2.8% 2.4% 2.2% 13.3% 15.1% Accommodation 27.1% 27.6% FY2024 F&B FY2023 FY2024 England FY2023 Leisure Scotland 67.4% 67.4% Others 84.9% 86.7% (1) (1) (1) Occupancy Rate (%) ADR (£) RevPAR (£) 101.50 79.5 79.7 97.72 95.5
Slide 16: Outlook & Growth Strategy
ProsperCap Outlook & ; Growth Strategy 7
Slide 17: Operating Environment in the UK
Operating Environment in the UK Key Economic Indicators (1) UK Hospitality Market Outlook (3) Major players*: GDP growth Market Size (#039;bil) 0.1% QoQ • Travelodge for 3 months to Sep 2024 Projected annual • IHG growth rate: 2.55% • Accor Low unemployment rate 24.1 • Whitbread 4.4% for 3 months to No
Slide 18: Growth Strategies
Growth Strategies • Focuses on investing in the hospitality • Investments may include acquiring existing industry (at the initial phase) assets with existing operating agreements • Expand to other real estate asset classes or entering into partnerships with such as commercial, office, etc. establish
Slide 19: Thank You
Thank You ProsperCap Corporation Limited ir@prospercap.com www.prospercap.com 19
Slide 20: Appendix
ProsperCap
Slide 21: Overview
Overview ProsperCap – a real estate investment and management platform based in ProsperCap’s Shareholding Structure(1) Singapore and publicly listed on the Catalist of the Singapore Exchange (SGX). The company was established with the objective of building a portfolio of multiple real estate asset c
Slide 22: Key Milestones
Key Milestones December 2019 2020 - 2023 January 2024 DTGO’s Acquisition Asset Enhancement Listed on SGX Programme DTGO acquired a portfolio of 17 hotel The Company initiated hotel Changed name to ProsperCap and assets from Bryant Park Funding upgrades to meet respective brand commenced trading on S
Slide 23: Hotel Overview
Hotel Overview DoubleTree by DoubleTree by DoubleTree by Hilton Garden Inn Hilton Garden Inn Hilton Chester Hilton Leeds Hilton Manchester Bristol Birmingham Tenor Freehold Long leasehold(4) Long leasehold(4) Leasehold Leasehold Unexpired Term (years)(1) N/A 937 231 99 115 Franchisor Hilton Hilton H
Slide 24: Hotel Overview (cont’d)
Hotel Overview (cont’d) Hilton Garden Inn Crowne Plaza Chester Crowne Plaza Glasgow Crowne Plaza Harrogate Glasgow Tenor Freehold Leasehold Leasehold Leasehold Unexpired Term (years)(1) N/A 92 88 85 Franchisor Hilton IHG IHG IHG Keys 164 160 283 214 Gross Internal Area (sqft) 68,000 199,000 200,000
Slide 25: Hotel Overview (cont’d)
Hotel Overview (cont’d) Crowne Plaza Crowne Plaza Stratford- Crowne Plaza Plymouth Crowne Plaza Solihull Nottingham Upon-Avon Tenor Long leasehold(4) Freehold Leasehold Leasehold Unexpired Term (years)(1) 959 N/A 91 74 Franchisor IHG IHG IHG IHG Keys 210(3) 211 120 259 Gross Internal Area (sqft) 314
Slide 26: Hotel Overview (cont’d)
Hotel Overview (cont’d) Holiday Inn AC Hotel by Marriott AC Hotel by Marriott Hotel Indigo Liverpool Peterborough West Birmingham Manchester Tenor Leasehold Freehold Leasehold Leasehold Unexpired Term (years)(1) 116 N/A 106 129 Franchisor IHG IHG Marriott Marriott Keys 133 151 90 142 Gross Internal