Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Keppel Land — Investor Presentation (June 2010)
25 slides from Singapore Exchange's investor presentation, June 2010
Slide 1: Investor Meetings June 2010
Investor Meetings June 2010 1 Content Introduction Strategic Focus Updates Market Review & Outlook Going i Forward d Recent Awards 2 1
Slide 2: Introduction
Introduction 3 Introduction Premier Property Total assets of $6.7 bil as @ 31 Mar 2010 Company Market cap of $5.3 bil as 4 June 2010 Developer of One Raffles Quay, Leading Prime Marina Bay Financial Centre and Ocean Financial Centre Office Player in Singapore’s Crown Jewel Marina Bay Focus on themat
Slide 3: Vision and Mission; International Presence
Vision and Mission Vision To be b theh premier multi‐national l l corporation providing d urban living solutions through the twin core businesses of property development and property fund management. Mission We are committed to create live‐work‐play environments of enduring value for the community w
Slide 4: Strategic Focus
Strategic Focus 7 Strategic Focus Two Core Businesses SINGAPORE Commercial developments mainly in Marina Bay and CBD Residential developments including lifestyle waterfront projects Property Property OVERSEAS Development Fund K‐REIT Asia to recycle Residential developments for Sale capital including
Slide 5: Singapore Residential: Lakeside Drive Site
Updates 9 Singapore Residential Ride on Demand for Suburban Homes Successfully acquired Lakeside Drive site with keen interest from 14 bidders Prime location : Next to Lakeside MRT station Facing Jurong Lake and will benefit from the remaking of Jurong Lake District(1) Near Jurong Gateway prec
Slide 6: Singapore Residential
Singapore Residential Demand for Residential Development in Marina Bay Area Capitalised on the preview opening of Marina Bay Sands on 27th April 2010 Launched second phase of Marina Bay Suites on 29th April 2010 Total: 221 units Sold 132 units as at end‐May 2010 Marina Bay Sands Marina Bay Suite
Slide 7: Singapore Commercial
Singapore Commercial Marina Bay As A Vibrant Work‐Live‐Play Environment Marina Bay Financial Centre Marina Bay Suites Comprise p 3 Grade A office towers Final phase of luxury residential development in the Marina Bay area Ocean Financial Centre One Raffles Quay Platinum level LEED‐CS pre‐certificati
Slide 8: Singapore Commercial; K-REIT Asia
Singapore Commercial Positive Take‐up with Active Leasing Momentum Ocean Financial Centre (OFC) Total NLA : 850,000 sf Overall commitments : More than 30% 4th generation building to rise at former Ocean Building site Completion : Mid‐2011 15 K‐REIT Asia Pursue Quality Assets With Enhanced Fi
Slide 9: Alpha Investment Partners
Alpha Investment Partners Seeking Acquisition Opportunities with Strong Financial Position Alpha Asia Macro Trends Fund T t l AUM: Total AUM Alpha $10.0 bn Investment Targeted at developed and fast emerging markets Partners : with focus on prominent trends in Asia such as : $7.7 bn (1) • Rise of c
Slide 10: Overseas - China; Vietnam
Overseas ‐ China Tap on Demand for Township Homes Sold more than 900 township homes in April and May The Botanica, Chengdu Central Park City, Wuxi More than 5,000 units sold over five Phase 1 of 1,448 units fully sold phases since launch in 2005 Capitalise on relocation of the municipal offices and
Slide 11: Overseas - India and Indonesia; Market Review & Outlook
Overseas – India and Indonesia Continued Demand with Improving Economy Elita Promenade, Bangalore Total : 1,573 units 90% of 1,495 launched units sold as at end‐May 2010 Elita Garden Vista, Kolkata Phase 1 : 688 units 69% off 688 units it sold ld as att end‐May d M 2010 Jakarta Garden City
Slide 12: Singapore Residential Market
Singapore Residential Private home prices stabilising 3Q 2009 4Q 2009 1Q 2010 Q o Q changes in prices(1) Q‐o‐Q +15 8% +15.8% +7 4% +7.4% +5 6% +5.6% Strong take‐up About 45% of new homes sold in 2009(1) : Second highest after July 2009(2) : Full Year Jan ‐ Apr July April 2009 2010 2009 2010 Units ta
Slide 13: Singapore Commercial Market
Singapore Commercial Decline in rents ease as business confidence returns Rents bottoming out with office capital values trending up Rents for good quality buildings in CBD supported by “flight quality” flight to quality Prime rents are almost half of what they were at the peak in 2008(1) Offi
Slide 14: Market Outlook - Overseas; Going Forward
. Market Outlook – Overseas Asia International Monetary Fund expects Asia to continue leading the global recovery with a projected economic growth of 7.1%(1) in 2010, backed by resilient domestic demand Housing demand driven by growing home ownership aspirations Home Ownership Aspirations Econom
Slide 15: Looking Ahead; Singapore Residential
Looking Ahead SSeekk acquisitions i iti i Singapore in Si andd overseas with ith continued focus on developing quality residential, office and township projects K‐REIT Asia and Alpha to seek acquisitions of quality assets in Singapore and overseas Time Ti residential id ti l launches l h tot capital
Slide 16: Singapore Commercial; Tianjin Eco-City
Singapore Commercial Strong Economic Recovery Bodes Well For Office Market MBFC and d OFC tto continue ti benefiting from flight to quality with new Grade A office buildings Prime location close to major MRT stations and expressways Continue to attract more commitments before completion and new tena
Slide 17: Overseas Residential - China; Vietnam
Overseas Residential ‐ China Time Launches of New Phases and Projects The Botanica, Chengdu Central Park City, Wuxi • Phase 5 Launch : 1,810 units • Phase 2, Stage 1 : 342 units • Continue to capitalise on good sales • Ride on strong demand to launch momentum in May to launch more units remaining un
Slide 18: Recent Awards
Recent Awards 35 Recent Awards Business Times revised Governance and Transparency Index(1) • Ranked top 2% out of 681 companies FIABCI Prix d’Excellence 2010 Awards • Jakarta Garden City as Runner‐up in Residential (Low‐Rise) Category FIABCI Indonesia – BNI Prix d’Excellence 2010 Awards • Jakarta Ga
Slide 19: Green Awards; Thank You
Green Awards Sustainability Reporting • Merit Award at ACCA Singapore Awards for Sustainability Reporting ISO 14001 certification • Singapore Si property t ddevelopment l t andd property t managementt operations ti • Property development operations in China and Vietnam LEED(1) Award • Ocean Financia
Slide 20: 5-Year Financial Profile
Additional Slides 39 5‐Year Financial Profile FY2009 FY2008 FY2007 FY2006 FY2005 Turnover ($m) 923.9 842.2 1407.9 948.0 586.4 Operating Profit ($m) 201.9 231.7 312.3 204.1 146.6 Pre‐tax Profit ($m) 358.6 314.0 988.7 263.4 184.6 PATMI ($m) 280.4(1) 227.7(1) 779.7(2) 200.3 155.7 Overseas Earnings (% o
Slide 21: Geographical Breakdown; China Residential Launches
Geographical Breakdown As at 31st March 2010 : Asset Allocation – By Geographical Location Net Profit – By Geographical Location India India Others 1% Others 3% 3% Vietnam 4% 9% Vietnam Indonesia 5% 8% China 21% China 17% Singapore Singapore 68% 61% 41 China Residential Launches Units to Launch 2010
Slide 22: Other Overseas Residential Launches; Singapore Landbank
Other Overseas Residential Launches Units to launch 2010 2011 2012 Vietnam The Estella, Dist. 2, HCMC (1) 134 145 300 Riviera Point, Dist. 7, HCMC (2) 300 400 368 Prime Condo, Dist. 2, HCMC (2) ‐ ‐ 350 Riviera Cove (Villa Devt.), Dist. 9, HCMC (1) 20 ‐ ‐ Saigon Sports City, HCMC (2) ‐ ‐ 355 Dong Nai
Slide 23: China Residential Landbank; Other Overseas Landbank
China Residential Landbank KLL's Total Land Site Location Stake Area Total GFA Remaining Area Remaining Units (%) (sm) (sm) For Sale (sm) For Sale 8 Park Avenue Shanghai 99% 33,432 133,393 65,233 394 Park Avenue Central Shanghai 99% 28,488 99,708 99,708 708 Villa Riviera Shanghai 99% 153,726 53,796
Slide 24: Developments to Benefit from MRT Lines; Tianjin Eco-City
Developments to Benefit from MRT Lines • Site at Lakeside Drive • Madison Residences • 11 new Circle‐ Linee SStations a o s were opened on 17th April 2010 • Marina Bay Financial Centre •Reflections at Keppel Bay • Marina Bay Suites • Marina Bay •Caribbean at Sentosa Island Residences Keppel Bay Sour
Slide 25: Forward-looking statements notice
This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on future developments and