Wee Hur Holdings Ltd. · SGX:E3B
Wee Hur — Shareholder Meeting (April 2016)
44 slides from Wee Hur's shareholder meeting presentation, Apr 27, 2016
Slide 1: New Gateways for Growth - Annual General Meeting Presentation
WEE HUR HOLDINGS Lip Ea NEW GATEWAYS FOR GROWTH ANNUAL GENERAL MEETING PRESENTATION 27 APRIL 2016 "NEW GATEWAYS FOR GROWTH > ANNUAL REPORT 2025
Slide 2: Overview - History
OVERVIEW - HISTORY Wee Hur was founded by Mr Goh Yeow Lian, his 3 brothers and 2 brothers-in-law in 1980 as a contractor. With hard work and much determination, we have grown strength to strength and became a A1 and reputable contractor. Embarked on IPO in July 2007 and Wee Hur Holdings Ltd wa
Slide 3: Overview - Financial Performance
OVERVIEW - FINANCIAL PERFORMANCE Share Capital as at 31 Dec 2015: $125.73m (2008: $27.56m) Profit Generated from 2008 to 2015: $323.58m Dividends Pay-out from 2008 to 2015: $125.68m Retained Earnings as at 31 Dec 2015: $205.02m (2008: $12.04m) Shareholders’ Equity as at 31 Dec 2015: $331.6
Slide 4: Overview - Business Transformation
OVERVIEW - BUSINESS TRANSFORMATION Since IPO we have transformed from a sole construction company to a more diversified group and also ventured beyond Singapore. Currently, we have 5 businesses: Construction: started in 1980 Property Development: started in 2009 Workers’ Dormitory: started in
Slide 5: Overview - Group Structure
OVERVIEW - GROUP STRUCTURE Wee Hur Holdings Ltd Property Construction Dormitory Development Wee Hur Wee Hur Wee Hur Construction Pte Development Pte International Pte Wee Hur Dormitory Ltd Ltd Ltd Pte Ltd Wee Hur Wee Hur (Paya Wee Hur (Australia) (Woodlands) Pte Active System Lebar) Pte Ltd Pte Ltd
Slide 6: Financial Highlights - Income Statement
FINANCIAL HIGHLIGHTS - INCOME STATEMENT $’000 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Restated* Revenue 137,853 189,675 465,739 321,572 713,536 412,838 Gross Profit 24,714 26,094 144,256 48,406 255,577 104,574 Profit After Tax 13,402 10,878 92,913 25,654 182,366 65,538 Net Profit Margin 9.7% 5.7%
Slide 7: Financial Highlights - Revenue
FINANCIAL HIGHLIGHTS - INCOME STATEMENT REVENUE ($’000) 800,000 713,536 700,000 600,000 500,000 465,739 412,838 400,000 321,572 300,000 189,675 200,000 137,853 100,000 - 2010 2011 2012 2013 2014 2015
Slide 8: Financial Highlights - Net Profit Attributable to Shareholders
FINANCIAL HIGHLIGHTS - INCOME STATEMENT NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS ($’000) 120,000 112,257 100,000 95,660 80,000 60,000 47,020 40,000 20,086 20,000 13,100 11,109 - 2010 2011 2012 2013 2014 2015
Slide 9: Financial Highlights - Dividend Payout
FINANCIAL HIGHLIGHTS - INCOME STATEMENT DIVIDEND PAYOUT ($’000) 40,000 34,360 35,000 30,000 27,577 25,000 20,000 18,300 15,000 13,266 13,789 10,220 10,000 5,000 - 2010 2011 2012 2013 2014 2015 FY2015 included proposed final cash dividends of 0.75 cents per ordinary share, subject to shareholders’ ap
Slide 10: Financial Highlights - Balance Sheet
FINANCIAL HIGHLIGHTS - BALANCE SHEET $’000 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Restated Non-Current Assets 10,107 11,466 18,722 15,499 86,908 84,577 Current Assets 276,882 380,044 582,585 609,913 654,647 617,086 Cash and Cash Equivalents 62,954 115,994 200,982 243,429 259,892 158,176 Current L
Slide 11: Financial Highlights - Share Capital
FINANCIAL HIGHLIGHTS - BALANCE SHEET 140,000 SHARE CAPITAL ($’000) 123,754 125,733 125,733 120,000 100,000 77,870 80,000 60,967 60,000 49,487 40,000 20,000 - 2010 2011 2012 2013 2014 2015
Slide 12: Financial Highlights - Retained Earnings
FINANCIAL HIGHLIGHTS - BALANCE SHEET 250,000 RETAINED EARNINGS ($’000) 205,023 200,000 183,282 150,000 105,750 100,000 89,410 50,000 25,874 23,948 - 2010 2011 2012 2013 2014 2015
Slide 13: Financial Highlights - Shareholders' Equity
FINANCIAL HIGHLIGHTS - BALANCE SHEET 350,000 SHAREHOLDERS’ EQUITY ($’000) 331,653 309,674 300,000 250,000 213,159 200,000 183,543 150,000 100,000 85,417 76,042 50,000 - 2010 2011 2012 2013 2014 2015
Slide 14: Local Property Development
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT CURRENT PROJECT Mega@Woodlands
Slide 15: Local Property Development
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT
Slide 16: Local Property Development - Mega@Woodlands Details
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT No. of Storey: 8-storey No. of Block: One Type of Use: B1/B2 Total No. of Units: 517 units Construction Started: Apr 2015 Sales Launched: Jan 2016 Expected TOP: Jun 2018 Current Sales Status: 82 units (16%)
Slide 17: Key Selling Points
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT KEY SELLING POINTS: Woodlands is the Next Regional Centre Easily Accessible to Expressway Walking Distant to MRT Station B1/ B2 Ramped Up/ Flatted Factory Units 20/ 40 Ft Container Access Ample Carpark and Lorry Lots Ample Amenities: Sky L
Slide 18: BBQ Area
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT BBQ AREA
Slide 19: Sky Lounge
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT Sky Lounge Business Centre, Gym
Slide 20: Mega@Woodlands - Site Progress
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT MEGA@WOODLANDS - SITE PROGRESS
Slide 21: Mega@Woodlands - Site Progress
BUSINESS UPDATE - LOCAL PROPERTY DEVELOPMENT MEGA@WOODLANDS - SITE PROGRESS
Slide 22: Australia - Overseas Property Development & Investment
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT AUSTRALIA
Slide 23: Overseas Property Development & Investment
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT Acquired three plots of lands at Buranda, Brisbane, Australia in 2014 • Buranda Plot 1: Student Accommodation • Buranda Plot 2: Mixed-use Development comprises mainly residential apartments and commercial spaces at lower floor • Buranda
Slide 24: Buranda TOD
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT BURANDA TOD Next the train station and bus station. Student Mixed-use accommodation development 3. 5 KM from CBD Residential apartment Source: Google Map
Slide 25: Plot 1: Student Accommodation
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT 2 blocks, 14 and 22 PLOT 1: STUDENT ACCOMMODATION storey each with 5 levels of basement carparks 1,578 rooms Ground floor retail with cross block link Common student amenities at podium level for reading, dinning, movies, relaxatio
Slide 26: Plot 1: Student Accommodation - Site Progress
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT PLOT 1: STUDENT ACCOMMODATION - SITE PROGRESS
Slide 27: Plot 1: Student Accommodation - Site Progress
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT PLOT 1: STUDENT ACCOMMODATION - SITE PROGRESS
Slide 28: Plot 3: Residential Apartment
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT PLOT 3: RESIDENTIAL APARTMENT 168 units Commercial spaces at ground floor
Slide 29: Plot 2: Mixed-use Development
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT PLOT 2: MIXED-USE DEVELOPMENT Artist’s Impression
Slide 30: Ann Street - Office Building
BUSINESS UPDATE - OVERSEAS PROPERTY DEVELOPMENT & INVESTMENT ANN STREET - OFFICE BUILDING 9-level Located at CBD North Quarter precinct of Brisbane, Australia Net Lettable Area: 14,000 sqm 4 stars NABERS rating Fully leased to a Queensland State Government Excellent redevelopment potenti
Slide 31: Construction - Current Projects
BUSINESS UPDATE - CONSTRUCTION CURRENT PROJECTS MEGA@Woodlands Pioneer Road Fernvale Riverwalk Matilda Court Church of Our Saviour
Slide 32: Construction - Mega@Woodlands
BUSINESS UPDATE - CONSTRUCTION MEGA@WOODLANDS 8-storey B1/B2 industrial development (512 units) Client: Wee Hur (Woodlands 12) Pte Ltd Contract Sum: $129.5m Expected Completion: 2017
Slide 33: Construction - Pioneer Road
BUSINESS UPDATE - CONSTRUCTION PIONEER ROAD 5-storey warehouse development complete with industrial canteen Client: Mapletree Logistics Trust Contract Sum: $82.2m Expected Completion: 2017
Slide 34: Construction - Fernvale Riverwalk
BUSINESS UPDATE - CONSTRUCTION FERNVALE RIVERWALK Public housing at Sengkang Neighbourhood 4 Client: Housing and Development Board Contract Sum: $103.6m Expected Completion: 2017
Slide 35: Construction - Matilda Court
BUSINESS UPDATE - CONSTRUCTION MATILDA COURT Public housing at Punggol West Client: Housing and Development Board Contract Sum: $157.7m Expected Completion: 2017
Slide 36: Construction - Church of Our Saviour
BUSINESS UPDATE - CONSTRUCTION CHURCH OF OUR SAVIOUR Additions, alterations and extension to existing 3- storey church building Client: Church of Our Saviour Contract Sum: $19.9m Expected Completion: 2018
Slide 37: Dormitory
BUSINESS UPDATE - DORMITORY Welcome to the largest housing complex for foreign workers in Singapore!
Slide 38: Dormitory - 16,800 Beds
BUSINESS UPDATE - DORMITORY At a capacity of 16,800 beds
Slide 39: Dormitory - Living Domain
BUSINESS UPDATE - DORMITORY LIVING DOMAIN Room Premium Room Sick Bay Security Centralised Laundry Cooking Facilities
Slide 40: Dormitory - Recreational Amenities
BUSINESS UPDATE - DORMITORY RECREATIONAL AMENTITIES Gymnasium Pool TV Room Outdoor Cinema Outdoor Fitness Area Multi-purpose Hall
Slide 41: Dormitory - Commercial Amenities
BUSINESS UPDATE - DORMITORY COMMERCIAL AMENTITIES Canteen Minimart Clinic Cinema Theatre Remittance Shop Barber Shop
Slide 42: Dormitory - Beds, Tenure and Occupancy
BUSINESS UPDATE - DORMITORY Total No. of Beds: 16,800 beds Tenure: 6 years till 31 Oct 2019 Date of Operation Phase 1 (8,400 beds): Aug-2014 Phase 2 (8,400 beds): Feb-2015 Occupancy Rate Achieved To-date: 86%
Slide 43: Going Forward
GOING FORWARD OUTLOOK OUR STRATEGY Subdued Outlook “Prudence in our ways; Growing Uncertainty in Excellence is our aim” Global Economic Outlook More Challenging Business Environment
Slide 44: Q&A - Thank You
Q&A THANK YOU IP