Sing Holdings Ltd. · SGX:5IC
Sing — Shareholder Meeting (April 2025)
16 slides from Sing's shareholder meeting presentation, Apr 25, 2025
Slide 1: AGM 2025 Presentation
AGM 2025 Presentation Friday, 25 April 2025 at 3.00 PM Pride in Delivering Quality Developments
Slide 2: Disclaimer
Disclaimer This presentation may contain statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in such statements as a result of a number of risks, uncertainties and assumptions. Past performance is not necessarily
Slide 3: Agenda
Agenda • Financial Performance for FY2024 • Financial Position as at 31 December 2024 • Ten-Year Net Asset Value Chart • Proposed Dividend for FY2024 • Ten-Year Dividend Chart • Three-Year Stock Chart • Update on Properties • Outlook and Prospects
Slide 4: Financial Performance
Financial Performance ($’000) 2024 2023 % Change Revenue 14,971 5,826 157% Gross profit 10,681 12,921 (17%) Profit for the year 9,849 10,064 (2%) Profit attributable to shareholders 9,779 7,970 23% Earnings per share (in cents) 2.44 1.99 23% • Revenue increased by 157% to $15.0 million due mainly to
Slide 5: Financial Position
Financial Position ($’000) 2024 2023 % Change Cash and cash equivalents 87,212 83,150 5% Interest-bearing bank loans 254,000 294,125 (14%) Net debt to equity ratio 0.5 times 0.7 times (29%) Equity attributable to shareholders 318,109 317,532 < 1% Net asset value per share (in cents) 79.33 79.19 < 1%
Slide 6: Ten-Year Net Asset Value Chart
Ten-Year Net Asset Value Chart ($’000) Net asset value attributable to shareholders 350,000 $318.1m (79.33 cents/share) 300,000 250,000 $235.6m 200,000 150,000 100,000 50,000 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 7: Proposed Dividend for FY2024
Proposed Dividend for FY2024 Final dividend 1.00 cent per share, one-tier tax exempt Type of dividend Cash Ex-dividend date Wednesday, 30 April 2025 Payment date Thursday, 15 May 2025 Payout ratio 41% Yield 3.03%
Slide 8: Ten-Year Dividend Chart
Ten-Year Dividend Chart 4.46% 2.0 4.5% 4.04% 1.8 3.91% 4.0% 1.85 1.6 3.5% 1.4 3.03% 2.99% 3.03% 3.0% 1.375 2.74% 2.67% 1.2 1.25 2.5% 1.20 (cents) 2.27% 2.47% 1.0 1.00 1.00 1.00 1.00 1.00 1.00 2.0% 0.8 1.5% 0.6 1.0% 0.4 0.2 0.5% 0.0 0.0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Dividend per
Slide 9: Three-Year Stock Chart
Three-Year Stock Chart 17 April 2025 Source: Reuters Share price continues to be affected by global uncertainties such as geopolitical conflicts and trade tensions.
Slide 10: Executive Condominium Development – North Gaia
Update on Properties Executive Condominium Development – North Gaia Artist’s Impression
Slide 11: North Gaia Development Update
Update on Properties • 99-year leasehold executive condominium development at Yishun Close • 11 blocks of 14-storey buildings with 616 apartment units • Saleable area of 61,478 sq. m. • Construction about 99% completed • Subject to regulatory approvals, TOP is expected to be obtained in 2Q2025.
Slide 12: North Gaia Sales Update
Update on Properties Sales update as of 25 April 2025: • Options issued 613 units (99.5%) • Sales value $864.9 million • Average sales price $1,313 psf • Revenue to be recognised upon purchasers meeting eligibility conditions at TOP stage. • The Group anticipates a substantial increase in profit upo
Slide 13: Hospitality Asset – Travelodge Docklands
Update on Properties Hospitality Asset – Travelodge Docklands • Located in Melbourne, Australia • 14-storey building with 291 rooms • Freehold, limited service hotel • Walking distance to Southern Cross Railway Station and Marvel Stadium • Close proximity to tourist attractions and commercial buildi
Slide 14: Travelodge Docklands Hotel Performance in FY2024
Update on Properties Hotel performance in FY2024: • Business has been relatively stable, with high occupancy and room rates on event nights. • Corporate guest demand has increased gradually with more business travel. • Occupancy rates have improved. ➢ whole of 2024 – 72% (2023 – 70%) • Average daily
Slide 15: Industrial Properties – BizTech Centre
Update on Properties Industrial Properties – BizTech Centre • Freehold light industrial building • Located along Aljunied Road • Walking distance to the Mattar MRT station • Owns 15 strata units totaling 1,402 sq. m. • Occupancy rate at 87%
Slide 16: Outlook and Prospects
Outlook and Prospects • Management remains acutely aware of the potential risks and uncertainties in the global economic environment. • Outlook of global economies has been negatively impacted by the introduction of sweeping tariffs by the US and the ongoing trade war between US and China. • Busines