Wing Tai Holdings Limited · SGX:W05
Wing Tai — FY2010 Earnings Presentation
20 slides from Wing Tai's earnings presentation, Aug 23, 2010
Slide 1: Wing Tai Holdings Limited FY 2010 Results
Wing Tai Holdings Limited FY 2010 Results 23 August 2010
Slide 2: Content
Content 1. 1.Results Results Overview Overview 2. 2.Operations OperationsReview Review 3. 3.Financial FinancialHighlights Highlights 4. 4.Question Question&&Answer Answer
Slide 3: Results Overview
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Slide 4: Key Highlights of FY 2010
Key Highlights of FY 2010 Revenue Revenueof ofS$821.9 S$821.9million million Net NetProfit ProfitAttributable Attributableto toShareholders Shareholdersof of S$160.8 S$160.8million million
Slide 5: Key Financial Ratios
Key Financial Ratios FY 2010 FY 2009 Change EPS (cents) 20.7 2.7 666% NTA per share ($) 2.18 2.03 7% ROE (%) 9.5 1.3 8.2% Net gearing ratio (times) 0.4 0. 5 (0.1)
Slide 6: Revenue & EBIT by Business Segments for FY 2010
Revenue & EBIT by Business Segments for FY 2010 Revenue EBIT S$ M S$ M Development Properties 589.9 259.1 Investment Properties 36.8 31.8 Retail 179.7 18.3
Slide 7: Revenue & EBIT by Geographical Locations for FY 2010
Revenue & EBIT by Geographical Locations for FY 2010 Revenue EBIT S$ M S$ M Singapore 668.0 242.3 Malaysia 145.1 29.4 Hong Kong & PRC 8.8 24.5
Slide 8: Asset Allocation By Business Segments & Geographical Location
Asset Allocation By Business Segments & Geographical Location as at 30 June 2010 By Business By Countries Development Properties Singapore 63% 71% Others 20% Malaysia 11% Retail 2% Investment Hong Kong & PRC Properties 18% 15% Total Asset = S$3,674 M
Slide 9: Operations Review
Operations Review i) <4) VWINGTAIASIA
Slide 10: Development Properties
Development Properties FY 2010 FY 2009 S$ M S$ M Revenue 589.9 286.9 EBIT 259.1 146.0 Helios Residences The Riverine by the Park Belle Vue Residences Sering Ukay Forfar 140 units, Orchard/Cairnhill Singapore 176 units, Orchard/Oxley Kuala Lumpur 43 units, Kowloon
Slide 11: Residential Properties Sales in FY 2010
Residential Properties Sales in FY 2010 Units Sales Value Sold S$ M Singapore 502 1,048 Malaysia 463 155 Hong Kong / China 174 750 Total 1,139 1,953 L’VIV Ascentia Sky Taman Seri Impian Verticas Residensi Seymour 147 units, Newton 373 units, Alexandra Penang 423 units, Kuala Lumpur 82 units, HK Isla
Slide 12: Investment Properties
Investment Properties FY 2010 FY 2009 S$ M S$ M Revenue 36.8 37.7 EBIT (excluding fair value 26.4 26.3 gains / losses) Winsland House II Winsland House I W Square Landmark East Winsland Residences Orchard Orchard Wanchai, HK Kowloon East, HK 67 units, Singapore
Slide 13: Investment Properties
Investment Properties Average Occupancy Commercial Properties – Singapore 88% Service Apartments – Singapore 83% Service Apartments – Malaysia 77% Winsland Residences Ambassador Row Residences Jinlin Tiandi Residences Beijing Central Park Lanson Place Jin Qiao 67 units, Singapore 221 units, Kuala Lu
Slide 14: Financial Highlights
Financial Highlights i) <4) VWINGTAIASIA
Slide 15: Summary Financial Highlights
Summary Financial Highlights FY 2010 FY 2009 S$ M S$ M Revenue 821.9 501.8 Operating profit 254.4 35.3 Share of associates / JV results 51.7 31.3 Finance costs (31.3) (26.6) Tax & minority interests (114.0) (19.0) Net profit 160.8 21.0 Underlying Net profit 140.1 108.9 (excl. fair value changes on I
Slide 16: Balance Sheet
Balance Sheet 30 June 10 30 June 09 S$ M S$ M Current assets 2,117 1,727 Non-current assets 1,557 1,542 Current liabilities (320) (214) Non-current liabilities (1,463) (1,339) Net assets 1,891 1,716 Shareholders’ funds 1,695 1,576 Minority interests 196 140 Total equity 1,891 1,716
Slide 17: Net Borrowings
Net Borrowings 30 June 10 30 June 09 S$ M S$ M Current 111 71 Non-current 1,225 1,124 Total borrowings 1,336 1,195 Cash & cash equivalents (594) (390) Net borrowings 742 805 Net gearing ratio (times) 0.4 0.5
Slide 18: Net Gearing Ratio (FY 2001 – FY 2010)
Net Gearing Ratio (FY 2001 – FY 2010) 1.8 Times 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Financial Year
Slide 19: Dividend
Dividend FY 2010 FY 2009 Dividends per share (cents) 5.0 4.0 Earnings per share * (cents) 18.0 13.9 Dividend payout ratio 28% 29% * Excludes treasury shares and fair value gains / (losses) on investment properties.
Slide 20: j \%
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