Slide 1: Half Year Financial Report 1 Jan – 30 June 2007
Half Year Financial Report 1 Jan – 30 June 2007 14 August 2007 Presentation Outline Financial Highlights Operations Review Singapore Property Market Market Outlook St. Regis Hotel & Residences Singapore 1
Slide 2: Financial Highlights: Revenue for the Period Ended 30 Jun
Financial Highlights Financial Highlights Revenue for the Period Ended 30 Jun 1,600 1,544 1,400 1,175 1,197 1,129 1,164 1,179 1,200 1,143 1,118 1,109 1,103 1,063 $ million 972 1,000 837 800 600 429 400 301 200 - 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Period Note :
Slide 3: Financial Highlights: PATMI and Summary of Financial Highlights
Financial Highlights PATMI for the Period Ended 30 Jun 350 321 ** 300 250 232 231 223 $ million 200 157 157 150 131 103 100 85 86 71 77 * 63 * 44 49 50 - 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Period Note : The financial information set out above are extracted fro
Slide 4: Group Revenue and Profit by Segment
Group Revenue by Segment 1,544 1,600 Property Development 1,400 Hotel Operations 469 30% 1,143 1,200 $ million Rental Properties 160 14% 1,000 Others 800 600 952 62% 881 77% Overall change 400 = 35% 200 81 7% 96 6% 0 21 2% 27 2% 1H 2006 1H 2007 1H 2006 1H 2007 % Change $m $m Property Development 160
Slide 5: Segment Analysis and Net Borrowings
Segment Analysis 1H 2007 1H 2006 1H 2005 Revenue by Segment Property Development Hotel Operations 469.4 Rental Properties Others $M (30%) 159.9 133.7 (14%) (12%) 27.4 21.2 20.7 (2%) (2%) (2%) 95.5 81.0 78.9 (6%) (7%) (7%) 869.6 952.0 881.2 (79%) (62%) (77%) $1,544.3m $1,143.3m $1,102.9m Profit Befor
Slide 6: Operations Review: Property Development
Operations Review Property Development (Units Booked / Sold) Sales Value* No. of Total $’000 Units* Floor Area (sq ft) 1H 2007 $2,385,763 1,315 1,833,130 1H 2006 $815,054 386 617,947 Sales value of units sold/booked in 1H 2007 increased by 193% Group’s share of pre-tax profit yet to be booked : est.
Slide 7: New Residential Project Launches and Land Bank by Sector
Operations Review New Residential Project Launches for 2H 2007 Projects Units Wilkie Studio (Total 40) 40 The Quayside Isle (Total 228) 100 Shelford Road Development (Total 77) 77 Total 217 Operations Review Land Bank by Sector (As at 30 Jun 2007) Type of Development Land Area (sq ft) % Residential
Slide 8: Rental Revenue by Sector and Hotel Revenue by Region
Operations Review Rental Revenue by Sector (1H 2006 vs 1H 2007) $81m $96m 100 90 Rental Revenue (%) 80 70 63 63 Office 60 Retail 50 Industrial Others* 40 30 17 17 20 4 4 10 16 16 0 1H 2006 1H 2007 * Including car park, serviced apartment and residential Hotel Revenue by Region 1H 2006 1H 2007 29% 31
Slide 9: Hotel Occupancy and RevPAR by Region
Hotel Occupancy by Region 90.0 80.0 78.3 77.3 Hotel Occupancy Rate (%) 75.8 73.7 70.4 69.7 71.2 70.2 70.0 60.0 1H 2006 50.0 1H 2007 40.0 30.0 Asia United States Europe Australasia Hotel REVPAR (Revenue per available room) 193 190 180 170 157 142 144 Hotel RevPAR ($) 150 130 124 1H 2006 * 110 89 89 1
Slide 10: CDL's Awards (1H 2007)
CDL’s Awards (1H 2007) Business Awards FTSE4Good Social One of six companies in Asia (excluding Japan) included in this real time index series which reflects the performance of socially responsible equities Responsibility Index (since 2002) Singapore International 100 Amongst Singapore’s top compani
Slide 11: Singapore Property Market: Price Index and Units Launched vs Sold
Singapore Property Market Property Price Index - Residential (2002 – 1H 2007) All Residential 313 200 223 180 Q2 07 160 147.8 140 120 100 80 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 02 02 02 02 119 03 03 03 03 04 04 04 04 12505 05 05 05 06 06 06 06 07 07 34 3 Source : URA, 2
Slide 12: Singapore Property Market: Uncompleted Units and Commercial Price Index
Singapore Property Market No. of Uncompleted Private Residential Units Available (2002 – 1H 2007) 24,000 Not Launched Launched & Unsold 20,000 Launched Not Total & Unsold Launched 15,677 15,836 Units 16,000 er ofofUnits 14,718 2002 4,970 10,707 15,677 12,000 2003 4,722 9,996 14,718 Number 10,277 9,4
Slide 13: Singapore Property Market: Office and Retail Rentals
Singapore Property Market Average Office Rental in CBD (2002 –1H 2007) 16 $13.80 14 12 Raffles Place $9.60 $psf/month 10 Non CBD-Core $7.75 8 $5.90 $5.70 6 $3.35 4 2 0 2002 2003 2004 2005 2006 1H 2007 Source : JLL Research, 2Q 2007 Singapore Property Market Average Prime Level Retail Rental (2002 –
Slide 14: Market Outlook: Singapore Economic Outlook
Market Outlook Market Outlook Singapore Economic Outlook • Economy grew strongly with GDP growth of 8.6% in Q2, above market expectations • Government raised GDP full year growth forecast from 5% - 7% to 7% - 8% • Unemployment fell 2.4% in June compared to 2.9% in Q1. The labour situation is expecte
Slide 15: Market Outlook: Residential and Office Property Market
Market Outlook Property Market - Residential • For the first time, the Government released more detailed real estate data, providing the public with a more comprehensive view of the property market • Private residential property prices have increased by a record 8.3% compared to 4.8% in Q1 • 5,129 n
Slide 16: Car Deverorninets Luan
Car Deverorninets Luan 16