United Overseas Australia Ltd · ASX:UOS
United Overseas Australia — FY2009 Earnings Presentation
32 slides from United Overseas Australia's earnings presentation, Mar 4, 2010
Slide 1: Broker's Presentation cover letter
UNITED OVERSEAS AUSTRALIA LTD ACN 009 245 890 Suite 1, 467 Scarborough Beach Road, OSBORNE PARK WA 6017 P.O. Box 1788, Osborne Park DC, W.A. 6017 Tel: (+618) 9217 9800 • Fax: (+618) 9217 9899 For personal use only 04 March 2010 Company Announcements Manager Company Announcements Manager Australian S
Slide 2: UOA Group Preliminary FY2009 Results
UOA GROUP For personal use only PRELIMINARY FY2009 RESULTS March 2010
Slide 3: Important Notice
For personal use only Important Notice This presentation may include certain forward looking statements. The actual results or future development of UOA Ltd may differ materially from those indicated by these forward looking statements as a result of various factors and uncertainties, including but
Slide 4: Content
For personal use only Content ● Results Overview ● Financial Performance ● Highlights ● Development Projects for FY 2010 ● Outlook
Slide 5: Results Overview
For personal use only Results Overview
Slide 6: Results Overview
Results Overview Strong Financial Performance Profit After Tax & Minority Interests was A$110.42M for FY2009 For personal use only Sales revenue from property development activities decreased by 13% to A$152.18M in for FY2009 against corresponding period due to translation differences in A$/RM
Slide 7: Financial Performance
For personal use only Financial Performance
Slide 8: UOA Ltd Financial Performance: Profit & Loss Statement
UOA Ltd Financial Performance Profit & Loss Statement For personal use only (A$M) FY 2009 FY 2008 Change +/(-) Sales Revenue 152.18 174.30 (13%) Rental Revenue 24.90 18.62 34% EBITDA 105.18* 83.76* 26% PATMI 110.42 48.85 126% PAT excl. FV 78.92** 60.85** 30% Notes:- Exchange Rates RM/AUD: FY2009: P&
Slide 9: UOA Ltd Financial Performance: Balance Sheet
UOA Ltd Financial Performance Balance Sheet For personal use only (A$M) FY 2009 FY 2008 Change Cash & Equiv 53.03 71.05 Decreased Shareholders’ Funds 363.43 340.02 Improved Current Ratio 2.26 1.93 Improved Net Debt to Equity 0.17 0.27 Improved Net Asset Value Per Share A$0.59 A$0.62 Decreased Exchan
Slide 10: UOA Ltd Financial Performance
For personal use only UOA Ltd Financial Performance A$'000 FY05 FY06 FY07 FY08 FY09 Sales Revenue Land Development and 60,961 36,865 30,634 174,305 152,185 Resale Other Revenue from Operating Activities Investments* 30,956 21,972 111,670 24,595 109,915 Others 2,286 2,828 1,490 1,978 2,389 Total 94,2
Slide 11: UOA REIT Financial Performance
For personal use only UOA REIT Financial Performance (RM$M) FY 2009 FY 2008 Change +/(-) Rental 44.64 42.31 5.2% Income excl 28.85 25.18 14.6% Revaluation Distribution 11.50 cents 10.03 cents 14.6% Per Unit Total Assets 519.35 483.92 7.3% Note: UOA Ltd holds an effective and deemed interest of 45% a
Slide 12: Highlights
For personal use only Highlights
Slide 13: Development Properties
For personal use only Development Properties
Slide 14: Highlights – Development Properties
For personal use only Highlights – Development Properties Sales revenue lower by 13% to A$152.18M against corresponding period due to translation differences in A$/RM. Mega development of Menara UOA Bangsar and Horizon, Phase 1 were main contributors to earnings and successfully completed during
Slide 15: Highlights – Key Development: Menara UOA Bangsar High Tower
Highlights – Key Development Menara UOA Bangsar High Tower For personal use only 39 stories Class A Office Building in decentralised business district of Bangsar 90% sold with Sales Value of A$135.44M Project was completed in June 2009 UOA has 60% effective interest in this project Menara UO
Slide 16: Highlights – Key Development: Horizon @ Bangsar South
Highlights – Key Development Horizon @ Bangsar South For personal use only 14 blocks of Boutique Office Towers 8 blocks with Sales Value of A$94.57M sold 5 of 14 blocks currently retained as investment properties Project was completed in June 2009 UOA has 100% interest in this project Hori
Slide 17: Highlights – Key Development: Park Residences @ Bangsar South
Highlights – Key Development Park Residences @ Bangsar South For personal use only Pre-Sales have commenced with strong take-up:- Begonia (290 units) – 72% Acacia (180 units) – 51% Construction is 70% completed To be completed by 2nd quarter 2010 Pre-Sold with Sales Value of AUD57.61M UOA
Slide 18: Investment Properties
For personal use only Investment Properties
Slide 19: Highlights – Investment Properties
Highlights – Investment Properties For FY 2009, rental revenue of A$24.90M is the highest achieved since the For personal use only inception of UOA Group UOA REITs properties portfolio and other commercial and residential properties within the Group remain resilient with high occupancy despite a
Slide 20: Highlights – UOA REITS
Highlights – UOA REITS UOA REIT owns majority parcels in 4 major commercial buildings in For personal use only Kuala Lumpur with total lettable area of 882,572 sq ft and 1,479 car parking bays with total assets of RM514.0M All properties portfolios continue to resilient and high occupancy Dist
Slide 21: Highlights - Investment Properties: Wisma UOA Damansara II
Highlights - Investment Properties Wisma UOA Damansara II For personal use only 16 Storey Class A Building in the decentralised business district of Damansara Heights Lettable area of 300,000 sq ft with 600 car parking bays Completed in Dec 07 Occupancy at resilient 89% Tenants are mainly
Slide 22: Highlights - Investment Properties: Menara UOA Bangsar Low Tower
Highlights - Investment Properties Menara UOA Bangsar Low Tower For personal use only 23 Storey Class A Office Building in the decentralised business district of Bangsar Office will have lettable area of 250,000 sq ft Retail will have lettable area of 50,000 sq ft 1,200 car parking bays Co
Slide 23: Development For FY 2010
For personal use only Development For FY 2010
Slide 24: Development Projects for FY 2010: Binjai @ KLCC
Development Projects for FY 2010 Binjai 8 @ KLCC For personal use only • 310 units of Small Home Office within KLCC area • Strong response with pre-sales booking of 110 units (36%) within 2 months • Estimated Gross Development Value of A$100.0M and UOA has 51% interest in this project • Preliminary
Slide 25: Development Projects for FY 2010: Horizon Phase II
Development Projects for FY 2010 Horizon @ Bangsar South Phase II For personal use only • Scheduled for pre-leasing and pre-sales to commence in 2010 • Total area estimated at 500,000 sq ft comprises of 4 blocks specifically targeted at financial institutions, share services and large corporate oper
Slide 26: Development Projects for FY 2010: Cypress Residences
Development Projects for FY 2010 Cypress Residences @ Bangsar South For personal use only • 480 units of serviced residences within a 33 storey tower block • Estimated Gross Development Value of A$80.0M • UOA has 100% interest in this project • Preliminary work has commenced. Cypress Roof Garden Cyp
Slide 27: Development Projects for FY 2010: Kepong Industrial Development
Development Projects for FY 2010 Kepong Industrial Development For personal use only • 35 units of warehouses • 24 units of luxury condominium • Estimated Gross Development Value estimated at A$35.0M and UOA has 100% interest in this project • Construction is expected to commence by Q2 2010 Kepong I
Slide 28: Development Projects for FY 2010: Sri Desa Condominium
Development Projects for FY 2010 Sri Desa Condominium & Commercial Centre For personal use only • Commercial Centre consist of approximately 500,000 sq ft of commercial and office space • 24 units of luxury condominium • Estimated Gross Development Value estimated at A$100.0mil and UOA has 85% inter
Slide 29: Outlook
For personal use only Outlook
Slide 30: Outlook: Financial Strength and Capital Management
For personal use only Outlook Financial Strength and Capital Management • Net cash position with strong balance sheet provide good opportunities and financial flexibility to seek out attractive investment opportunities • Ample liquidity for good dividend payout Development and Investment Portfolios
Slide 31: Outlook: Development and Investment Portfolios
Outlook Development and Investment Portfolios (cont’d) For personal use only • Existing and in new land held for future development is all located in Kuala Lumpur and nearby mature neighborhoods with total saleable area of more than 800,000 sq m of residential and commercial space provide a platform
Slide 32: Thank you / Contact
For personal use only United Overseas Australia Ltd Thank you Contact Australia Malaysia/Singapore Alan Winduss Eugene Lee / Kong Sze Choon alan_winduss@winduss.com.au eugene@uoa.com.my / sckong@uoa.com.my Tel: +618 9217 9800 Tel: +603 2245 9188
United Overseas Australia — FY2009 Earnings Presentation on 6ix