Slide 1: 3Q2016 Financial Results
3Q2016 Financial Results 10 November 2016
Slide 2: Company Overview, 3Q2016 Results Overview, Operation Highlights
• COMPANY OVERVIEW • 3Q2016 RESULTS OVERVIEW • OPERATION HIGHLIGHTS 2
Slide 3: Company overview: founded 1963, three core businesses
• Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development (residential units for sale) - Property investments (offices, retail malls and serviced suites) - Hotel operations (owned and/or managed hotels) • Award-winning developer noted for architectural
Slide 4: Stable Management Team
Stable Management Team Strong Nimble & Capital Focused on Position Strategic Fit Well Proven Track Diversified Record Portfolio Design & Quality Excellence 4
Slide 5: Group structure: Property Development, Investments, Hotel Operations
Residential Developments Property Wholly-owned projects Development Joint-venture projects Commercial Properties/Serviced Suites Wholly-owned properties Property Joint-venture properties Investments *UNITED INDUSTRIAL CORPORATION LIMITED (45%) MARINA CENTRE HOLDINGS PTE LTD (23%) Hotel Investments U
Slide 6: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Bangladesh, UK, USA & Canada 6
Slide 7: A Decade of Growth
A Decade of Growth 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (Restated) Revenue ($m) 605.1 713.5 899.2 1,007.1 1,349.1 1,960.2 1,145.8 1,058.6 1,360.7 1,278.7 Profit before fair value and other 158.6 273.3 351.5 429.9 551.2 727.8 439.7 427.3 515.2 411.6 gains/(losses) ($m) Profit before inco
Slide 8: Contribution by Business Segments
Contribution by Business Segments Adjusted EBITDA* (%) Total Assets** (%) Total Assets** (%) (FY2015) (as at 31 Dec 2015) 2.9 7.9 7.0 8.4 0.3 0.4 15.6 12.7 11.6 17.2 21.9 20.6 51.7 59.1 62.7 *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains on investm
Slide 9: Corporate Awards
CORPORATE AWARD UOL Group Limited • Brand Finance - Top 100 Singapore Brands 2016 (#34) • BCI Asia Top 10 Developer Awards 2015 • Singapore Business Review’s Management Excellence Awards 2015 - Real Estate Management Team of the Year RESIDENTIAL PROJECTS FIABCI Singapore Property Awards 2016 • Archi
Slide 10: 3Q2016 Results Overview
UOL ‘ee 3Q2016 RESULTS OVERVIEW 10
Slide 11: 3Q2016 and 9M2016 income statement summary
% % $m 3Q2016 3Q2015 Change 9M2016 9M2015 Change Revenue 393.4 354.0 11 1,087.1 934.5 16 Share of profit of associated and joint 29.1 44.8 -35 101.3 118.9 -15 venture companies Profit before fair value and other gains/(losses) 100.8 115.6 -13 300.1 319.3 -6 and income tax Fair value gains on associa
Slide 12: 9M2016 vs FY2015 balance sheet metrics
9M2016 FY2015 % Change Net tangible asset value per share $9.91 $9.89 0 Total equity $8,507m $8,401m 1 Cash $265m $276m -4 Net debt $2,302m $2,294m 0 Gearing ratio 0.27 0.27 0 12
Slide 13: Revenue by Business Segments 3Q2016 vs 3Q2015
($m) Revenue by Business Segments 3Q2016 vs 3Q2015 19% 206.6 174.0 4% 110.3 105.6 3Q2016 2% 3Q2015 57.5 56.4 15% 2% 5.6 4.9 13.4 13.2 Property Property Hotel Management Investments development investments operations services 13
Slide 14: Revenue Contribution by Business Segments 3Q2016 vs 3Q2015
Revenue Contribution by Business Segments 3Q2016 vs 3Q2015 3Q2016 3Q2015 Management Management Investments Investments services services 4% 3% 1% 1% Hotel Property operations Hotel development 28% operations 49% 30% Property investments Property Property investments 15% development 16% 53% 14
Slide 15: Revenue by Business Segments 9M2016 vs 9M2015
($m) Revenue by Business Segments 9M2016 vs 9M2015 556.4 34% 413.7 3% 316.3 306.8 9M2016 2% 9M2015 168.2 164.4 9% -13% 16.0 14.7 30.2 34.9 Property Property Hotel Management Investments development investments operations services 15
Slide 16: Revenue Contribution by Business Segments 9M2016 vs 9M2015
Revenue Contribution by Business Segments 9M2016 vs 9M2015 9M2016 9M2015 Management Management Investments services Investments services 4% 2% 3% 1% Property Hotel Hotel development operations operations 44% 29% 33% Property Property investments Property development 15% 51% investments 18% 16
Slide 17: Operation Highlights
UOL ‘ee OPERATION HIGHLIGHTS 17
Slide 18: En-bloc purchase of residential site at Potong Pasir Ave
En-bloc purchase of residential site at Potong Pasir Ave 1 • En-bloc tender of former HUDC estate, Raintree Gardens in October • Site area of 18,711 sqm; estimated 750-unit project • 50% stake • Next to Kallang River and near Potong Pasir MRT station • Target to launch in 2018 18
Slide 19: The Clement Canopy
The Clement Canopy • 99-year leasehold site of 13,037 sqm • 505-unit development in Clementi and near Jurong, which is Singapore’s second CBD • In close proximity to reputable schools • 50% stake • Tallest Prefabricated Pre-finished Volumetric Construction building in the world • Target to launch in
Slide 20: Principal Garden
Principal Garden • 99-year leasehold site at Prince Charles Crescent • 663-unit development near Redhill MRT station • 70% stake • Launched in Oct 2015 • 43.4% sold as at 30 Sep 2016 20
Slide 21: Botanique at Bartley
Botanique at Bartley • 99-year leasehold site along Upper Paya Lebar Road • 797-unit condominium near Bartley MRT station • 100% stake • 95.9% sold as at 30 Sep 2016 21
Slide 22: Riverbank@Fernvale
Riverbank@Fernvale • In Sengkang West Way, situated near Layar LRT, Punggol Reservoir and Seletar Aerospace Park • A 555-unit, four 19-storey blocks project • 100% stake • First-of-its-kind bicycle-sharing facility for residents • 78.2% sold as at 30 Sep 2016 22
Slide 23: Park Eleven, Shanghai
Park Eleven, Shanghai • Mixed development located within the Changfeng Ecological Business Park, about 5 km to the north-east of the Hongqiao Transportation Hub and less than 10 km from The Bund • 398 residential units and 4,000 sqm of net lettable area of retail • 40% stake • Sold 131 units out of
Slide 24: Site at Bishopsgate, London
Site at Bishopsgate, London • UOL’s first investment in Europe • Freehold land of 3,200 sqm • Located in London’s central financial district, about 200m from Liverpool Street Station and the future Crossrail Station • Approved for a 43-storey tower (52,255 sqm GFA) with residential, hotel and retail
Slide 25: The Esplanade, Tianjin
The Esplanade, Tianjin • Mixed development, along HaiHe River, comprising four blocks of 522 residential units, a 319-room hotel, 17,075 sqm GFA office and 11,926 sqm GFA retail space • 100% stake • Residential units were fully sold, and one office tower was 80.8% sold as at 30 Sep 2016 25
Slide 26: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % TOP Date Equity Units Area (as at 30.09.16) Completed Stake (sqm) (as at 30.09.16) Completed Seventy Saint Patrick’s 100 186 12,950 100 100 TOP Thomson Three 50 445 39,965 99.6 100 TOP The Esplanade, Tianjin 100 570 71,5
Slide 27: Singapore and overseas residential pipeline
Singapore residential pipeline Project Name/Location Tenure Site Area Est. Est. No. % Target of Land (sqm) Saleable of Units Owned Launch Area (sqm) The Clement Canopy 99 13,038 45,633 505 50 1Q2017 Potong Pasir Ave 1 site 99 18,711 52,391 750 50 2018 Total 31,749 98,024 1,255 Overseas residential p
Slide 28: Holborn Island, London
Holborn Island, London • Signed Sale and Purchase Agreement in September; acquisition is expected to complete on 10 November • 9-storey freehold mixed-use building of 32,431 sqm of net lettable area: (i) Office: 18,323 sqm (56.5%) (ii) Retail: 14,108 sqm (43.5%) • Located in a high-growth area of Fa
Slide 29: High Holborn, London
110 High Holborn, London • Acquired in June • Freehold asset of 10,873 sqm located in London’s Midtown, near Holborn underground station • Comprises offices together with retail space arranged over basement, ground and eight upper floors • 100% stake 29
Slide 30: Office and retail properties portfolio
Office properties Net Lettable Area (sqm) Portfolio Novena Square 41,579 United Square 26,897 Odeon Towers 18,364 Faber House 3,956 One Upper Pickering 8,089 110 High Holborn, London 10,873 Total 109,758 Retail properties Portfolio Novena Square shopping mall 15,854 United Square shopping mall 19,32
Slide 31: Owned Serviced Suites Portfolio
Owned Serviced Suites Properties Rooms Portfolio Pan Pacific Serviced Suites Orchard, Singapore 126 Pan Pacific Serviced Suites Beach Road, Singapore 180 PARKROYAL Serviced Suites Beach Road, Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 Total 683 31
Slide 32: Owned Hotels Portfolio
Owned Hotels Country Rooms Portfolio Pan Pacific Orchard Singapore 206 PARKROYAL on Beach Rd Singapore 346 PARKROYAL on Kitchener Road Singapore 532 PARKROYAL on Pickering Singapore 367 Pan Pacific Perth Australia 486 PARKROYAL Darling Harbour, Sydney Australia 340 PARKROYAL Parramatta Australia 286
Slide 33: Existing and Pipeline Hotels, Pan Pacific
Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 19 5,763 4 1,003 PARKROYAL 13 3,869 1 301 Others 1 321 0 0 Total 33 9,953 5 1,304 By Ownership Type Owned 20 6,251 1 237 Managed 13 3,702 4 1,067 Total 33 9,953 5 1,304 Note: Serviced suites are included in
Slide 34: Forward-looking statements disclaimer
This presentation may contain forward-looking statements or financial information. Such forward-looking statements and financial information may involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of UOL Group