Lhn Limited · SGX:41O
Lhn — FY2024 Earnings Presentation
28 slides from Lhn's earnings presentation, November 2024
Slide 1: LHN Group FY2024 Results Briefing
LHN Group FY2024 Results Briefing Nov 2024
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with the announcement of LHN Limited (the "Company") dated 25 November 2024 for the unaudited results for the six months and full year ended 30 September 2024. This presentation does not constitute or form part of any offer or invitation to
Slide 3: Table of Content
Table of Content 1 Corporate Overview 2 FY2024 Financial Highlights 3 Business Outlook LHN GROUP RESULTS BRIEFING 3
Slide 4: Corporate Overview
Corporate Overview Real estate management services company providing integrated real estate management services across Asia. SGX: 41O / ~S$180m SEHK: 1730 Market Cap on SGX Stock Code (As of 29 Nov 2024) 55%* Shareholders 45%* Controlling Shareholders Free Float * Approximate figures LHN GROUP RESUL
Slide 5: Our Businesses: Space Optimisation and Property Development
ABOUT US OUR BUSINESSES SPACE OPTIMISATION PROPERTY DEVELOPMENT Redesign unused, old and under-utilised spaces Engage in property development activities such to maximise their leasable area and create as the acquisition, development and/or sale of productive environments for our space users. various
Slide 6: Our Businesses: Facilities Management and Energy Resources
ABOUT US OUR BUSINESSES FACILITIES MANAGEMENT ENERGY RESOURCES Provide a full spectrum of integrated facilities Provide efficient and innovative renewable management services and car park energy and expertise for our clients. management services to our clients. What We Do CLEANING & RENEWABLE ENERGY
Slide 7: Space Optimisation
OUR BUSINESSES SPACE OPTIMISATION 15 Owned Properties 6 Joint Venture Properties 25 Master Leased Properties / Management Contract Contributed Contributed Contributed 5.2% 30.4% 64.4% to FY2024 to FY2024 to FY2024 Space Op. Space Op. Space Op. Revenue Revenue Revenue ▪ Manage a diversified portfolio
Slide 8: 25 Strategic Locations in Singapore
SELF-OPERATED UNDER COLIWOO Self-operated under Coliwoo Sub-lease to operator Healthcare Professional Accommodation Eco-Conscious Hospitality 31 Boon Lay Dr. 1A Lutheran Rd. 320 Balestier Rd. Lavender Collection 25 Strategic Locations in Singapore 1557 Keppel Rd. 75 Beach Road (L5, L6) 450 & 452 2 M
Slide 9: 25 Strategic Locations in Singapore
Self-operated under Coliwoo Sub-lease to operator Healthcare Professional SUB-LEASE TO OTHER OPERATORS Accommodation Eco-Conscious Hospitality 25 Strategic Locations 10 Raeburn Pk. 150 Cantonment Rd. 99 Rangoon Rd. 40 & 42 Amber Rd. in Singapore 471 Balestier Rd. 115 Geylang Rd. HEALTHCARE PROFESSIO
Slide 10: FY2024 Financial Highlights
FY2024 Financial Highlights LHN GROUP RESULTS BRIEFING 10
Slide 11: FY2024 Financial Results
FINANCIAL PERFORMANCE FY2024 FINANCIAL RESULTS 60.77 $47.9M $47.3M $46.2M NET ASSET VALUE PROFIT AFTER TAX PROFIT SPACE OPTIMISATION PROFIT PER SHARE SINGAPORE DOLLARS ATTRIBUTABLE TO BEFORE TAXATION SINGAPORE CENTS SHAREHOLDERS SINGAPORE DOLLARS SINGAPORE DOLLARS $121.0M $4.7M $0.7M FACILITIES ENER
Slide 12: FY2024 Income Highlights
FY2024 Income Highlights Revenue (S$m) S$ MILLION Y-o-Y % 121.0 FY2024 FY2023 29.2% (except per share) change 93.6 Revenue 121.0 93.6 29.2% Gross Profit 62.2 51.9 20.0% FY2023 FY2024 Gross Profit Margin 51.4% 55.4% Total DPS (SG cents) Profit Attributable to Shareholders 3.0 3.0 - From continuing op
Slide 13: FY2024 Financial Results: Segmental Revenue Breakdown
FINANCIAL PERFORMANCE FY2024 FY2024 FINANCIAL RESULTS Segmental Revenue Breakdown FY2024 FY2023 VARIANCE S$’000 S$’000 S$’000 % - INDUSTRIAL 25,321 25,192 129 0.5 - COMMERCIAL 4,314 5,911 (1,597) (27.0) - RESIDENTIAL 53,572 29,331 24,241 82.6 SPACE OPTIMISATION 83,207 60,434 22,773 37.7 FACILITIES M
Slide 14: Adjusted Segmental Profit before Taxation Breakdown
FINANCIAL PERFORMANCE FY2024 FY2024 FINANCIAL RESULTS Adjusted Segmental Profit before Taxation Breakdown FY2024 FY2023 VARIANCE S$’000 S$’000 S$’000 % - INDUSTRIAL 16,255 19,713 (3,458) (17.5) - COMMERCIAL 926 1,319 (393) (29.8) - RESIDENTIAL 14,315 9,610 4,705 49.0 SPACE OPTIMISATION 31,496 30,642
Slide 15: Selected Operating Segments Data (Coliwoo)
FINANCIAL PERFORMANCE FY2024 SELECTED OPERATING SEGMENTS DATA (COLIWOO) 3,000 30 2,541 25 2,000 20 1,681 17 1,602 15 1,000 10 30 SEP’24 30 SEP’22 30 SEP’23 30 SEP’24 30 SEP’22 30 SEP’23 0 0 TOTAL KEYS SECURED TOTAL LOCATIONS 51.2% 47.1% LHN GROUP RESULTS BRIEFING 15
Slide 16: Selected Operating Segments Data (Facilities Management)
FINANCIAL PERFORMANCE FY2024 SELECTED OPERATING SEGMENTS DATA (FACILITIES MANAGEMENT) 120 113 120 102 83 80 77 71 60 60 30 SEP’24 30 SEP’24 30 SEP’22 30 SEP’23 30 SEP’22 30 SEP’23 0 0 NUMBER OF ICFM CUSTOMERS NUMBER OF CARPARKS 36.1% 27.5% LHN GROUP RESULTS BRIEFING 16
Slide 17: Other Key Ratios/Metrics
FINANCIAL PERFORMANCE FY2024 OTHER KEY RATIOS/METRICS 60.77₵ 24.7% 52.87₵ $54.1m 45.46₵ 59.6% 56.2% 18.4% 18.6% $41.2m 54.4% 51.6% Net Gearing $28.4m 44.5% 43.6% 30 SEP’22 30 SEP’23 30 SEP’24 30 SEP’24 30 SEP’23 30FY2021 1H2023 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 FY2020 FY2022 FY2023 SEP’22 GE
Slide 18: Stock Price Performance & Dividends
FINANCIAL PERFORMANCE FY2024 STOCK PRICE PERFORMANCE & DIVIDENDS Stock Prices on SGX Stock Prices on SEHK Source: https://www.google.com/finance FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 DIVIDEND PER SHARE 0.5 1.25 1.75 1.75 3.00 3.00^ (S’PORE CENTS) DIVIDEND YIELD* 4.2% 7.5% 4.7% 5.7% 8.8% 7.1% * D
Slide 19: Historical Occupancy Rate
PROPERTY PERFORMANCE HISTORICAL OCCUPANCY RATE OCCUPANCY* (%) AS AT AS AT AS AT BUSINESS SEGMENT 30 SEP’22 30 SEP’23 30 SEP’24 INDUSTRIAL - Work+Store space: 94.9 100.0 99.0 - Industrial space: 94.9 98.3 98.5 COMMERCIAL 97.9 95.9 96.5 RESIDENTIAL - Co-living space 98.3 94.7 97.5 (Singapore): * Exclu
Slide 20: Business Outlook & Growth Strategies
Business Outlook & Growth Strategies LHN GROUP RESULTS BRIEFING 20
Slide 21: Co-living and Serviced Residences
SPACE OPTIMISATION CO-LIVING AND SERVICED RESIDENCES Urbanised living space concepts in strategic and tranquil locations that cater to the emerging needs of savvy locals, expats and young professionals, integrating aspects of work, life, and play. Table - No. of Keys by Projects Coliving - Singapore
Slide 22: FY2024 Projects in Operation
RESIDENTIAL SPACE CONCEPT FY2024 PROJECTS IN OPERATION 404 PASIR PANJANG 268 RIVER VALLEY x 99 RANGOON ROAD ROAD ROAD No. of Keys 54 32 24 Commercial Nil Nil approx. 685 sqft Area Operational Date (Co-living 1QFY2024 NA* 3QFY2024 Projects) *Master lease to another operator LHN GROUP RESULTS BRIEFING
Slide 23: Recently Launched Projects
RESIDENTIAL SPACE CONCEPT RECENTLY LAUNCHED PROJECTS 288 RIVER VALLEY Commercial Area: approx. 2,400 sqft Operational Date: 4QFY2024 LHN GROUP RESULTS BRIEFING 23
Slide 24: Pipeline Projects
RESIDENTIAL SPACE CONCEPT PIPELINE PROJECTS 48 & 50 ARAB 260 UPPER BT 50 ARMENIAN x 141 MIDDLE ROAD STREET TIMAH STREET Estimated 24 62 210 120 No. of Keys Commercial approx. 900 sqft approx. 12,200 sqft approx. 3,700 sqft approx. 1,700 sqft Area Expected Operational 2QFY2025 3QFY2025 3QFY2025 1QFY2
Slide 25: Recently Launched Projects: Food Processing Industrial Development
PROPERTY DEVELOPMENT RECENTLY LAUNCHED PROJECTS Food Processing Industrial Development 55 Tuas South Avenue 1 ● Saleable area of 112,000 sqft. ● Obtained Temporary Occupation Permit in September 2024. ● Total number of units: 49 ● Unit sizes: From 2,055 sqft to 2,637 sqft ● High ceilings: 5-6 metres
Slide 26: Capital Recycling Initiatives
CAPITAL RECYCLING INITIATIVES Disposal Acquisition In line with the Group’s capital recycling strategy, the Group completed key transactions in the fourth quarter of FY2024. On 31 July 2024, the Group’s 40% associated company sold the car park at Bukit Timah Shopping Centre, located at 170 Upper Buk
Slide 27: Q&A
Q&A LHN GROUP INTRODUCTION 27 LHN GROUP RESULTS BRIEFING 27
Slide 28: Thank You
THANK YOU E: enquiry@lhngroup.com.sg lhngroup.com LHN GROUP RESULTS BRIEFING 28