Wee Hur Holdings Ltd. · SGX:E3B
Wee Hur — Debt Investor Presentation (August 2025)
31 slides from Wee Hur's debt investor presentation, Aug 19, 2025
Slide 1: General Announcement: Presentation Slides for Notes Issuance
GENERAL ANNOUNCEMENT::PRESENTATION SLIDES FOR NOTES ISSUANCE Issuer & Securities Issuer/ Manager WEE HUR HOLDINGS LTD. Securities WEE HUR HOLDINGS LTD. - SG1W55939399 - E3B Stapled Security No Announcement Details Announcement Title General Announcement Date &Time of Broadcast 19-Aug-2025 17:21:46 S
Slide 2: Wee Hur Holdings Ltd
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Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Wee Hur Holdings Ltd (“Wee Hur” or the “Group”) for information purposes only and does not constitute or form part of any offer, invitation or solicitation, whether in Singapore or any other jurisdiction nor should this presentation or any part of it
Slide 4: Table of Contents
Table of Contents Section 1 4 Company Overview Section 2 18 Key Strengths Section 3 25 Financial Highlights Section 4 28 Growth Strategies
Slide 5: Company Overview
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Slide 6: 45 Years of Building Singapore, Investing for Tomorrow
45 Years of Building Singapore, Investing for Tomorrow Founded in 1980 and listed on the SGX-ST since 2008, Wee Hur is One of the Most Trusted Names in the Built Environment With heritage in real estate, Wee Hur has innovated to become a multi-asset investment house: REAL ESTATE FUND FY24 Segmental
Slide 7: Board of Directors and Senior Management
Board of Directors and Senior Management Board of Directors Mr Goh Yeow Lian Mr Goh Yeo Hwa Mr Lye Hoon Yip Raymond Executive Chairman and Managing Director Executive Director Independent Director Mr Goh Yew Tee Dr Foo Say Mui Bill Mr Goh Yew Gee Executive Director and Deputy Managing Director Lead
Slide 8: Key Milestones
Key Milestones Track Record of Establishing New Growth Pillars See Early, Build Right, Scale Prudently and Invite Partners 2022: 2024: 2008: 2013: 2016: 2020: 1st billion-dollar sale 2nd billion-dollar sale Listed on the SG Workers’ PBSA of PBSA portfolio to of PBSA portfolio to AU PBSA SGX-ST Dormi
Slide 9: Corporate & Shareholding Structure
Corporate & Shareholding Structure Mr Goh Yeow Lian Mr Goh Yeo Hwa Mr Goh Yew Tee Mr Goh Yew Gee 43.75% deemed interest 4.00% deemed interest 1.09% deemed interest 0.87% deemed interest 0.77% direct shareholding 1.25% direct shareholding 0.94% direct shareholding 1.31% direct shareho
Slide 10: Core Businesses
Core Businesses 1 PROPERTY DEVELOPMENT & INVESTMENT PROPERTIES 2 CONSTRUCTION 3 FUND MANAGEMENT 4 PURPOSE-BUILT STUDENT ACCOMMODATION OPERATIONS 9
Slide 11: Property Development - Singapore
1 Property Development - Singapore > 15 Years in Property Development Notable Completed Projects Residential Properties SGD45.26m Revenue Premier @ Kaki Bukit Parc Botannia Industrial Properties In FY24 Parc Centros Villas @ Gilstead On-going Development Properties Bartley Vue Mega@Woodl
Slide 12: Investment Properties - Singapore
1 Investment Properties - Singapore Ventured into the worker’s dormitory business in 2013 SGD84.61 million1 Revenue In FY24 Tuas View Pioneer Dormitory Lodge @ Tuas South @ 39a Soon Avenue One Lee Road Fully Operational by End-2025 Average 15,744 Beds 93 % Occupancy 60 Equity % Interest 3,144 As 2Q
Slide 13: Property Development - Australia
1 Property Development - Australia Wee Hur (Australia) Pte Ltd Park Central 13.0k sqm of Land 11-year track record in Australia: Mixed-use Development 100% Effective @ Buranda Plot 2 Group Interest Residential Mixed-use Properties Freehold Tenure Completed 8Land Subdivision Obtained develo
Slide 14: Construction
2 Construction Wee Hur Construction – wholly-owned subsidiary BCA-registered contractor with A1 financial status Projects: residential, commercial, industrial, institutional, restoration and conservation; additions, alterations, refurbishment, upgrades of existing buildings, and restoration and
Slide 15: Fund Management
3 Fund Management The Group derives its revenue from the fund management fee earned by Wee Hur Capital in its capacity as fund manager for Fund II as well as distributions received as a stakeholder in unit trusts ~AUD1.80b 2016 4th Largest PBSA Portfolio in Gross Asset Value Year of Fund Inception A
Slide 16: Fund Management
3 Fund Management • Established Fund III for development site in Grenfell, Adelaide (708 beds, target completion: • Developed 1,578- • Wee Hur PBSA 2H 2027, Operational bed PBSA at Fund II (“Fund II”) start: 1Q 2028) Buranda in Brisbane constituted for • Completion of disposal • Largest single- deve
Slide 17: Fund Management: Fund I Portfolio Recap and Sale of PBSA Assets
3 Fund Management Disposal completed on 20 April 2023 Sale completed on 1 April 2025 Fund I Portfolio Recap Sale of PBSA Assets Wee Hur Holdings and Perpetual Corporate Trust Ltd other investors in Fund I (as trustee of Wee Hur PBSA Trust) 7 PBSA Assets1 Sold to 49.9% Disposal to Evolution Trustees
Slide 18: PBSA Operations
4 PBSA Operations In 2019, Wee Hur Hospitality was incorporated to spearhead property management for PBSA portfolio in Australia Operated by Y Suites Operated by Y Suites until 30 September 2025, after which Greystar to take over Sydney Sydney Adelaide Canberra Y Suites on Margaret Y Suites on Gibbo
Slide 19: Key Strengths
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Slide 20: Competitive Strengths
Competitive Strengths 1 Established Track Record Across Real Estate Sectors 1 22 Synergies between the Group’s Core Businesses 33 Diversified Portfolio by Geography and Asset Type Prudent Capital Management and Strong Balance Sheet 4 55 Experienced Management Team with Entrepreneurial Vision 19
Slide 21: Established Track Record Across Real Estate Sectors
Established Track Record Across Real Estate Sectors Entity Awards & Accolades Wee Hur Development • Recognised developer that has successfully Forbes Asia: delivered industrial and residential build-to-sell Forbes Asia’s 200 Best Under A Billion (2015) Wee Hur development projects in Singapore sin
Slide 22: Synergies between the Group's Core Businesses
Synergies between the Group’s Core Businesses Wee Hur Wee Hur Construction Development With its roots in the construction business, Wee Hur leverages its expertise in the real estate sector to create synergistic opportunities between its key operations. Efficient deployment of resources and facili
Slide 23: Diversified Portfolio by Geography and Asset Type
Diversified Portfolio by Geography and Asset Type Workers’ Dormitory Assets: SGD226.3 million PBSA Assets: SGD428.1 million as of 31 December 2024 as of 31 December 2024 • Fund I – PBSA (AUM: ~SGD1,346 million equivalent): • Tuas View Dormitory: Retained 13% stake in the portfolio 15,744 beds with a
Slide 24: Prudent Capital Management and Strong Balance Sheet
Prudent Capital Management and Strong Balance Sheet Debt Maturity Profile2 (SGD ‘m) Low Gearing Ratio of circa 22%1 • Low gearing ratio and maintenance of healthy capital base 100.00 94.71 enables the Group to strengthen its core businesses and capitalise new growth opportunities to ensure continued
Slide 25: Experienced Management Team with Entrepreneurial Vision
Experienced Management Team with Entrepreneurial Vision Management Team • The Group boasts an experienced and qualified management team with a successful track record in managing its businesses. Most of the Group’s Executive Directors and Executive Officers have been instrumental in its development
Slide 26: Financial Highlights
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Slide 27: Track Record of Stable Profitability
Track Record of Stable Profitability Total Revenue (SGD ‘m) EBITDA1 (SGD ‘m) 250.00 200.00 224.84 175.73 215.89 1.05 160.00 1.15 5.88 200.79 2.09 120.00 200.00 73.55 84.24 43.70 52.69 5.54 80.00 57.37 45.26 155.97 1.04 40.00 36.82 (20.28) 150.00 - 59.07 40.31 1.01 109.12 (40.00) FY22 FY23 FY24 1H24
Slide 28: Prudent Capital Management
Prudent Capital Management Tangible Net Worth1 (SGD ‘m) Net Debt to TNW2 (x) 800.00 0.10 0.08 706.99 693.66 631.29 664.44 634.21 0.05 0.05 600.00 - FY22 FY23 FY24 1H24 1H25 400.00 (0.05) (0.03) (0.05) 200.00 (0.10) (0.15) - (0.16) FY22 FY23 FY24 1H24 1H25 (0.20) Cash and Bank Balances (SGD ‘m) Debt
Slide 29: Growth Strategies
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Slide 30: Wee Hur: The Next 45 Years
Wee Hur: The Next 45 Years Entrepreneurial Spirit Multi-asset Investment House with Real Estate Heritage Being curious to identify and investing early are core pillars of Wee Hur’s DNA. Focus on projects with higher contract value Construction Undertake a wide spectrum of Property Development pr
Slide 31: 4# Biz AR ARE Al
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