Ho Bee Land Limited · SGX:H13
Ho Bee Land — Shareholder Meeting (April 2025)
21 slides from Ho Bee Land's shareholder meeting presentation, Apr 28, 2025
Slide 1: 37th Annual General Meeting
th 37 Annual General Meeting 28 April 2025
Slide 2: Table of Contents
Table of FY2024 Summary of Financial Results 03 Contents Overview of Portfolio of Assets 06 Investment Properties 07 Development Properties 10 Sustainability 15 Capital Management 17 5-Year Financial Summary 19 FY2024 in Summary 20
Slide 3: FY2024 Financial Performance
FY2024 Financial Performance Profit After Tax & Non-controlling Interests (S$’M) Earnings Per Share (cents) 109.6 16.5 (39.1) (259.8) 2023 2024 2023 2024 | 3
Slide 4: FY2024 Financial Performance
FY2024 Financial Performance Total Revenue (S$’M) Profit From Operations (S$’M) 528.0 165.4 444.9 143.2 2023 2024 2023 2024 | 4
Slide 5: FY2024 Financial Performance
FY2024 Financial Performance Development Sales Revenue (S$’M) Rental Revenue (S$’M) 262.3 255.8 265.7 189.1 2023 2024 2023 2024 | 5
Slide 6: Overview of Portfolio of Assets
Overview of Portfolio of Assets By Geography By Sector China Others Life AU 1% 1% Sciences 7% Europe 4% 1% Residential 16% Singapore 46% S$6.5bn S$6.5bn UK 45% Commercial 79% AU China Europe UK Singapore Others Life Sciences Residential Commercial | 6
Slide 7: Investment Properties
INVESTMENT PROPERTIES • Singapore • London The Metropolis
Slide 8: Elementum, Singapore
Elementum, Singapore More than 90% occupancy Sovereign Wealth Fund acquired 49% stake in Elementum in FY2024 Co-launched the Buona Vista node of the Rail Corridor Elementum | 8
Slide 9: London, United Kingdom
London, United Kingdom 1.97m sq ft Total lettable area The Scalpel Ropemaker Place 1 St Martin’s Le Grand 60 St Martin’s Lane ~6 years WALE 110 Park Street Apollo & Lunar House 39 Victoria Street 67 Lombard Street | 9
Slide 10: Development Properties
DEVELOPMENT PROPERTIES • Australia • China • Singapore 10 Cape Royale, Sentosa Cove
Slide 11: Australia – Projects Update
Australia – Projects Update >600 Land lots handed over to buyers in FY2024 Tarneit, Victoria Upper Coomera, Queensland 30% Increase in total revenue to A$277M Mickleham, Victoria Park Ridge, Queensland | 11
Slide 12: Australia – Selected Future Pipeline
Australia – Selected Future Pipeline Park Ridge Ripley Upper Coomera Mickleham Aitken Hill Queensland Victoria 21.2 hectares 47.4 hectares 18.9 hectares 53.8 hectares 68.5 hectares 244 lots 306 lots 196 lots 674 lots 1,156 lots Total pipeline as of FY2024: >3,500 lots | 12
Slide 13: China Projects
China Projects Tangjiawan & TOD, Jinluyuan, Nanhu Eco City, Tangshan Zhuhai Tianjin Ownership interest: 20% Ownership interest: 50% Ownership interest: 49% Total units: 4,050 Total units: 260 Total units: 752 98% sold 100% sold 100% sold | 13
Slide 14: Singapore – Sentosa Cove
Singapore – Sentosa Cove ▪ Achieved sales of >S$110 million in FY2024 ▪ Maintained high rental occupancy rate of ~95%1 Cape Royale (35%2) Seascape (50%2) Turquoise (90%2) Notes: 1) Excluding units set aside for show suites for potential sales. 2) Represents Ho Bee Land’s effective ownership interest
Slide 15: Sustainability
SUSTAINABILITY Cape Royale, Sentosa Cove
Slide 16: Sustainability Performance Highlights
Sustainability Performance Highlights S$160 Million Green Bond Issued an inaugural S$160 million Green Bond distributed across a diverse investor base 15.9% Reduction in Scope 1 and 2 Emissions On track to meet our 18% emissions reduction target by FY2026 Scope 3 Emissions Disclosure Commenced track
Slide 17: Capital Management
CAPITAL MANAGEMENT Cape Royale, Sentosa Cove
Slide 18: Overview of Capital Management
Overview of Capital Management Total Debt (S$’M) 0.66x 3,065 Net Debt / Equity (FY2023: 0.80x) 2,624 56% of Fixed Rate Debt (FY2023: 30%) ~3 Years Weighted-Average Debt Maturity 2023 2024 | 18
Slide 19: 5-Year Financial Summary
5-Year Financial Summary Earnings per share (cents) Net asset value per share (S$) 49.8 5.9 5.9 25.0 16.5 20.6 5.6 2020 2021 2022 2023 2024 5.5 5.4 (39.1) 2020 2021 2022 2023 2024 Dividend per share (cents) Return on equity (%) 10.0 10.0 8.8 8.0 3.8 4.2 3.0 4.0 3.0 2020 2021 2022 2023 2024 (6.9) 202
Slide 20: FY2024 in Summary
FY2024 in Summary Net profit of S$109.6M Resilient operating earnings of S$165.4M Financial prudence with S$440.6M net reduction in total borrowings Issued an inaugural S$160 million Green Bond Proposed 4.0 cents dividend payout | 20
Slide 21: Thank You
THANK YOU.