Uni-asia Group Ltd. · SGX:CHJ
Uni-asia — 9M2022 Earnings Presentation
35 slides from Uni-asia's earnings presentation, Nov 16, 2022
Slide 1: Uni-Asia Group Limited 3Q2022 Corporate Presentation
(.) UNI-ASIA GROUP LIMITED tint pe cia al SIM2022 COroorete Presentation =.
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements which can be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. Such statements may include comments on industry, business or market trends, projecti
Slide 3: Table of Contents
Table of Contents • Corporate Overview • 9M2022 Financial Highlights • 9M2022 Business Update
Slide 4: Corporate Overview
Corporate Overview
Slide 5: Corporate Profile
Corporate Profile The Group was founded on 17 March 1997 Listed on Singapore Exchange on 17 August 2007 Tokyo Bloomberg Code: UAG:SP Shanghai SGX Stock Code: CHJ Guangzhou Total number of issued shares: 78,599,987 Hong Kong The Group’s main offices are in Hong Kong, Tokyo and Sin
Slide 6: Business Model
Business Model Manage and/or operate assets to enhance asset value and • Acquire assets at recurring income. • Capital returns competitive prices. • Recurring income • Provide clients including charter solutions relating income, to alternative administration fee assets including income. ship and pro
Slide 7: Business Model Example - Subsidiary
Business Model Example - Subsidiary Lenders Subsidiary (consolidated) Legend: Charter or Fair Value Income to Rental or Realised Uni-Asia Charterer / Tenant Income Gain/Loss 7
Slide 8: Business Model Example – JV Structure
Business Model Example – JV Structure Investment Partner(s) Admin Fee Dividend/ Fair Value/ Loan Interest Realised Lenders Arrangement Special Purpose Company Income G/L Fee (not consolidated) Acquisition/ Disposal Fee Brokerage Legend: Commission Charter or Income to Rental Income Uni-Asia Chartere
Slide 9: Business Segments
Business Segments SHIPPING PROPERTY HEADQUARTERS Maritime Property Property Headquarters’ Ship Owning Maritime Investment Investment Shared Corporate Asset and Chartering Services (ex-Japan) (in-Japan) Services Management • Commercial/ • Investment/ Investment/ Investment/ Technical Ship Owning Asse
Slide 10: 9M2022 Financial Highlights
9M2022 Financial Highlights
Slide 11: Total Assets Allocation
Total Assets Allocation 3.2% 2.9% Maritime Investment 18.5% 15.9% Property Investment (ex-Japan) Property Investment (in-Japan) 7.1% 8.3% 58.7% 60.4% Cash and Cash Equivalents 12.5% 12.5% Others US$’million As at 30 September 2022 As at 31 December 2021 Total Assets 228.6 230.7 11
Slide 12: Cash Flows
Cash Flows • Operating cash flows were (US$'000) 9M2022 9M2021 US$28.0 million for 9M2022 compared to US$19.1 million Cash and cash equivalents at beginning of the period 36,732 35,477 for 9M2021 due to good shipping market, sale of Cash Inflow / (Outflow) properties under development and fee income
Slide 13: Cash
Cash Cash Balance US$'m 60.0 56.1 The Group’s total cash had been 50.0 43.5 42.3 increasing steady since 2020 and 35.5 36.7 40.0 crossed US$40m as at 30 Sep 2022 30.0 20.0 notwithstanding US$6.5m (or S$9.0m) 10.0 had been paid out as dividend during 0.0 9M2022. Dec 18 Dec 19 Dec 20 Dec 21 Sep 22 US$
Slide 14: Borrowings
Borrowings US$'m Borrowings as at End of Financial Year/Period 200.0 180.7 142.6 Total value of assets collateralised for borrowings: US$145.5m 69.2 114.0 100.0 83.8 73.1 71.3 44.4 22.3 31.8 111.5 71.3 69.6 61.5 41.3 - FY2018 FY2019 FY2020 FY2021 9M2022 Non-Current Current Total Total Finance Cost T
Slide 15: Borrowings vis-à-vis Cash
Borrowings vis-à-vis Cash As at 30 Sep 2022 Current Non-Current Total Book Values of • As at 30 Sep 2022, all of the Group’s total borrowings of Borrowings Borrowings Borrowings Borrowings Assets Collateralised US$73.1 million are secured by Collateralised By: USD'm USD'm USD'm USD'm assets with boo
Slide 16: 9M2022 Business Update
9M2022 Business Update
Slide 17: Baltic Handysize Index
Baltic Handysize Index The Baltic Handysize Index (“BHSI”) for 2022 was stronger than that in 2021 until mid June 2022. Slowing Chinese economy, Ukraine war, interest rate hike, easing of port congestion, inter alia, contributed to the decline of BHSI. 10M2021 BHSI 10M2022 BHSI Source: Bloomberg 17
Slide 18: Seaborne Dry Bulk Trade Supply/Demand
Seaborne Dry Bulk Trade Supply/Demand Dry Bulk Trade Demand vs Dry Bulk Ship Supply 5.0% 3.6% 2.7% 3.0% 2.7% 3.7% 1.4% 2.1% 2.7% 1.0% 0.5% (1.0%) (0.5%) (0.1%) (2.1%) (2.5%) (3.0%) 2021 2022F 2023F 2024F Trade Demand Growth (Bn Tonne Miles) Handysize Dry Bulk Supply Growth Dry Bulk Supply Growth Sou
Slide 19: Average Charter Hire Rate Per Day of Wholly Owned Ships
Average Charter Hire Rate Per Day of Wholly Owned Ships US$/ day Average Charter Hire Rate Per Day For Each Quarter 20,364 19,609 20,000 18,893 18,455 18,000 16,000 14,321 14,000 11,830 12,000 10,005 10,000 8,761 8,379 7,442 6,548 8,000 6,000 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 4Q2021 1
Slide 20: Wholly Owned Dry Bulk Portfolio
Wholly Owned Dry Bulk Portfolio Scheduled dry-docking of 4 of the Group’s 10 wholly-owned dry bulk carriers in 3Q2022 had been completed. No further scheduled dry-docking budgeted for 4Q2022. Name of Ship Capacity Type Year of Built Shipyard 1 M/V Uni Challenge 29,078 DWT Bulker 2012 Y-Nakanishi 2 M
Slide 21: Joint Investment Dry Bulk Portfolio
Joint Investment Dry Bulk Portfolio While the charter income received by ship joint-investment companies do not flow directly into the Group’s income statement, the continued stable shipping market would help to increase the overall returns from the joint investment companies including through valua
Slide 22: Hong Kong Properties
Hong Kong Properties The Group has invested in 8 Hong Kong property projects to date. We had recovered capital and received/recorded strong positive returns from the first 3 projects in the past (i.e. HTR35, CSW650, and K83 in the picture on the left). While the commercial/industrial Completed prope
Slide 23: Updates on Hong Kong Property Projects
Updates on Hong Kong Property Projects 4th HK Property Project – T18 HKD26.5 million or around USD3.4 million Investment: (2.5% effective ownership) Location: 18 - 20 Tai Chung Road, Tsuen Wan, Hong Kong Project: Office building Construction has been completed and the building is ready for Current o
Slide 24: Updates on Hong Kong Property Projects
Updates on Hong Kong Property Projects 6th HK Property Project – CSW1018 HKD35.2 million or around USD4.5 million Investment: (3.825% effective ownership) Location: 1016 – 1018 Tai Nam West Street, Kowloon, Hong Kong Project: Industrial office building Construction has been completed and Occupancy P
Slide 25: Tsuen Wan Projects (Aerial View)
Tsuen Wan Projects (Aerial View) 7th – T11 5th – T73 4th – T18 Uni-Asia Group Limited 25
Slide 26: Updates on Hong Kong Property Projects
Updates on Hong Kong Property Projects 8th HK Property Project – CSW918 HKD33.0 million or around USD4.23 million Investment: (3.0% effective ownership) Location: 916 – 926 Cheung Sha Wan Road, Hong Kong Two phases of an industrial office building Project: complex to be completed by 2023 The develop
Slide 27: ALERO Projects
ALERO Projects • The Group invests in and develops small residential property projects in Tokyo, named “ALERO” Series. • The Group purchases land and develops into 4 - 5 storey buildings with 10 - 30 units of studio or maisonette type flats. • The completed projects are typically sold en bloc. Befor
Slide 28: ALERO Projects
ALERO Projects 28
Slide 29: ALERO Projects
ALERO Projects The Group has very stringent selection criteria in selecting new ALERO projects, and will not compromise internal assessment requirements to chase after new projects. It is due to the Group’s cautious approach that every ALERO project that the Group invested in had been profitable sin
Slide 30: UACJ Assets Under Management
UACJ Assets Under Management The Group’s property assets under JPY'billion UACJ Asset Management AUM by Segment management by subsidiary Uni-Asia 40.0 35.6 Capital (Japan) Ltd (“UACJ”) had reached 32.7 35.0 30.4 JPY35.6 billion as at end of 9M2022. As 30.0 shown on the chart on the left, such assets
Slide 31: Silver Award Best Investor Relations
The Group was awarded Silver Award Best Investor Relations (small-cap category) The Singapore Corporate Awards (“SCA”) 2022 The SCA is a prestigious award organised by the Institute of Singapore Chartered Accountants (“ISCA”), Singapore Institute of Directors (“SID”) and The Business Times (“BT”), a
Slide 32: Winner - Most Transparent Company Award 2022
The Group was awarded Winner - Most Transparent Company Award 2022 (Financials Category) SIAS Investors’ Choice Awards SIAS, together with NUS School of Business, Centre for Governance and Sustainability (CGS) have developed an investor-centric research, to recognise companies that have achieved exc
Slide 33: 2021-2022 Good MPF Employer Award
Principal Subsidiary, Uni-Asia Holdings Limited was awarded 2021-2022 Good MOF Employer Award Every year, the Mandatory Provident Fund Schemes Authority of Hong Kong (“MPF”) awards Good MPF Employer Award to specially commend and give public recognition to employers that have made continuous efforts
Slide 34: Singapore Governance and Transparency Index 2022
Singapore Governance and Transparency Index 2022 • The Singapore Governance and Transparency Index (“SGTI”) is the leading index for assessing corporate governance practices of Singapore-listed companies. • The SGTI is a collaboration between CPA Australia, NUS Business School’s Centre for Governanc
Slide 35: Thank You!
(.) UNI-ASIA GROUP LIMITED tint pe cia al Thank You!