Uol Group Limited · SGX:U14
Uol — Q1 2020 Earnings Presentation
21 slides from Uol's earnings presentation, May 18, 2020
Slide 1: UOL Group 1Q2020 Business Update
UOL GROUP 1 Q 2 0 2 0 B U S I N E S S U P D AT E 1 8 M AY 2 0 2 0
Slide 2: Disclaimer
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
Slide 3: Business Update
BUSINESS UPDATE The Company refers to its announcement on 28 February 2020 that with reference to the amendments to Rule 705 of the SGX Listing Manual, its financial statements will be announced on a half-yearly basis and the next financial results announcement will be for the half-year ending 30 Ju
Slide 4: Company Overview
COMPANY OVERVIEW • UOL Group Limited (UOL) was founded in 1963 and listed on the Singapore Exchange in 1964 • Total assets of $20.3 billion as at 31 March 2020 • Geographical presence in 13 countries - Singapore, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Australia, China, Bangladesh, Japan, U
Slide 5: 1 Q 2 0 2 0 B U S I N E S S
or ReEeee ee Teyggueeeet Niidisdiidanwaaaee VEOTEERECET ETT abe TrIrrrrrerr HEH | eeee be br eae eicirts HE lin reg bs oa Ds - ™ Mea we Lu | x (a) oO =) 7) 7) Lu = “) =) a =) N =) N oO a
Slide 6: Singapore Residential Pipeline – Canberra Drive Site
PROPERTY DEVELOPMENT Singapore Residential Pipeline – Canberra Drive Site • Awarded government land sales site in March 2020 for $270.2 million or $650 psf ppr • 50:30:20 joint venture among UOL, UIC and Kheng Leong; 65% effective stake • Close to Canberra MRT station • Total GFA of 38,593 sqm; esti
Slide 7: Upcoming Residential Launch - Clavon
PROPERTY DEVELOPMENT Upcoming Residential Launch - Clavon • Awarded government land sales site at Clementi Avenue 1 in July 2019 for $491.3 million or $788 psf ppr • 80:20 joint venture between UOL and UIC; 90% effective stake • Total GFA of 57,900 sqm; 640 units • Located adjacent to award-winning
Slide 8: Residential Units Booked as at March 2020
PROPERTY DEVELOPMENT Residential Units Booked as at 31 March 2020 Units Booked as at 31 March 2020 % of Total Effective Units Booked Total Units Development Stake Singapore Avenue South 65% 1,074 474 44.1% Residence MEYER HOUSE 50% 56 7 12.5% The Tre Ver 75% 729 679 93.1% Amber45 100% 139 117 84.2%
Slide 9: Singapore Residential Sales - Units Booked in 1Q2020 vs 4Q2019
PROPERTY DEVELOPMENT Singapore Residential Sales - Units Booked in 1Q2020 vs 4Q2019 Units Booked in Units Booked in Singapore 1Q2020 4Q2019 Avenue South Residence 40 88 MEYER HOUSE 2 0 The Tre Ver 39 48 Amber45 4 2 Total 85 138 9
Slide 10: Enhanced Digital Marketing During Circuit Breaker Measures
PROPERTY DEVELOPMENT Singapore - Enhanced Digital Marketing During Circuit Breaker Measures • Enhanced digital marketing efforts - Virtual show gallery which allows online walk-through of show units - Digital sales brochures - Advertisements and participation in webinars on digital portals to reach
Slide 11: Retail Portfolio - Committed Occupancy Remains Stable
PROPERTY INVESTMENTS Retail Portfolio - Committed Occupancy Remains Stable Retail Committed Occupancy (%) Shopper Footfall (m) 100% as at 31 March 2020 (Q-o-Q) 25.0 m as at 31 March 2020 (Y-o-Y) 95.2% 95.2% 95% 20.0 m -12.4% 90% 15.0 m 85% 10.0 m 80% 75% 5.0 m 70% 0.0 m Retail Malls Retail Malls 1Q2
Slide 12: Retail Portfolio – Impact of COVID-19
PROPERTY INVESTMENTS Retail Portfolio – Impact of COVID-19 Key Circuit Breaker Measures: • Mandatory suspension of business for entertainment venues and enrichment centres from 27 March 2020 • Circuit Breaker period from 7 April 2020 with mandatory closure of non-essential trades • Comprehensive ran
Slide 13: Office Portfolio – High Committed Occupancy Maintained
PROPERTY INVESTMENTS Office Portfolio – High Committed Occupancy Maintained Office Committed Occupancy (%) as at 31 March 2020 (Q-o-Q) 100.0% 100.0% 100% 95.2% 95.6% 95.1% 95.8% 95% 90% 85% 80% 75% 70% Singapore Office Properties UK Office Properties Australia Office Property 1Q2020 4Q2019 Balance %
Slide 14: Occupancy for Owned Hotels (1Q2020 vs 1Q2019)
HOTEL OPERATIONS Occupancy for Owned1 Hotels (1Q2020 vs 1Q2019) 90% 85% 84% 80% 72% 69% 70% 60% 50% 50% 41% 40% 30% 20% 10% 0% 1Q2020 1Q2019 1Q2020 1Q2019 1Q2020 1Q2019 Singapore2 Oceania Others3 1Includes serviced suites and hotels partially owned by the Group 2Excludes PARKROYAL COLLECTION Marina
Slide 15: RevPar for Owned Hotels (1Q2020 vs 1Q2019)
HOTEL OPERATIONS RevPar for Owned1 Hotels (1Q2020 vs 1Q20192) $250 $233 $200 $163 $150 $140 $129 $100 $82 $47 $50 $0 1Q2020 1Q2019 1Q2020 1Q2019 1Q2020 1Q2019 Singapore3 Oceania Others4 1 Includes serviced suites and hotels partially owned by the Group 2Reported in Singapore dollars. For comparabili
Slide 16: Hotel Existing Pipeline
HOTEL OPERATIONS Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 20 6,571 6 1,334 PARKROYAL COLLECTION 2 942 - - PARKROYAL 12 3,507 9 2,090 Others 4 1,384 - - Total 38 12,404 15 3,424 By Ownership Type Owned 26 9,049 5 1,128 Managed 11 2,947 10 2,296 Mark
Slide 17: Pan Pacific Jakarta – Completes Hospitality Brand Presence in Jakarta
HOTEL OPERATIONS Pan Pacific Jakarta – Completes Hospitality Brand Presence in Jakarta • Acquired a 154-key hotel in Tower 2 of Thamrin Nine in Jakarta, Indonesia for a purchase price of US$50 million (or approximately S$67.5 million) • The hotel, which is under construction, will be branded as Pan
Slide 18: Hotel Operations Impacted by Global Travel Restrictions
HOTEL OPERATIONS Hotel Operations Impacted by Global Travel Restrictions • Singapore hotels and serviced suites have been supporting the government’s efforts by housing returnees serving the Stay Home Notice, foreign workers and healthcare workers • Four out of five Australia hotels are also support
Slide 19: Strong Balance Sheet as at March 2020
CAPITAL MANAGEMENT Strong Balance Sheet as at 31 March 2020 Total Debt Cash Net debt ($mil): $722mil $4,241mil $4,963mil FY2019: $717mil FY2019: $4,234mil 735 >3 yrs (15%) Gearing ratio Average borrowing cost 0.30 1.98% 1,593 2-3 yrs FY2019: 0.30 FY2019: 2.29% (32%) Average debt maturity Unutilised
Slide 20: Cost Management
COST MANAGEMENT • Salary reduction of up to 18% for Managers and above, including Senior Management, effective 1 April 2020 • Deferment of non-essential capital expenditure • Initiatives to reduce operating expenses across all asset classes • Value-engineering for project development and asset enhan
Slide 21: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBLITY Singapore • Rolled out $40,000 worth of shopping and dining vouchers for 1,000 healthcare workers • Providing over 20,000 meals to low-income families during the Circuit Breaker period; prepared by PARKROYAL on Beach Road and Si Chuan Dou Hua restaurant Appreciative pa