Slide 1: UOL Group FY2024 Results Presentation
UOL Group FY2024 Results Presentation 27 February 2025 PARKTOWN Residence (artist’s impression)
Slide 2: Agenda
Agenda 1 FY2024 Highlights 2 FY2024 Key Financials 3 Operational Highlights 4 Concluding Remarks Constituent of: Awards and Accreditations: Straits Times Index UOL Group Limited | 2
Slide 3: FY2024 Highlights
1 FY2024 Highlights Watten House (artist’s impression) UOL Group Limited | 3
Slide 4: FY2024 Highlights
FY2024 Highlights Strong performance across all business segments Financial Performance Sustainable Dividend Prime Residential Sites Operating PATMI of First and final dividend of • Launched MEYER BLUE $314.2 million, up 13% YoY 18 cents per share, • Awarded Orchard Boulevard up 20% YoY site and Hol
Slide 5: FY2024 Key Financials
2 FY2024 Key Financials MEYER BLUE (artist’s impression) UOL Group Limited | 5
Slide 6: Key Financials
Key Financials $mil FY2024 FY2023 Change Profit from Operations ($mil) 533.8 +12% Revenue 2,794.8 2,681.7 4% 475.1 Profit from operations1 533.8 475.1 12% FY2023 FY2024 Fair value gains on the Group’s 45.4 20.2 >100% Operating PATMI ($mil) investment properties Other gains 38.9 452.7 91% 314.2 +13%
Slide 7: Strategic Capital Management
Strategic Capital Management $mil 31 Dec 2024 31 Dec 2023 Change Dividend Trend ($) 0.18 0.20 0.18 Cash and bank balances 1,510 1,390 9% 0.15 0.15 0.03 0.05 0.15 0.15 0.15 0.15 0.18 Total assets 22,836 22,199 3% Net external borrowings 3,568 3,639 2% FY2020 FY2021 FY2022 FY2023 FY2024 First and Fina
Slide 8: Debt Maturity Profile
Debt Maturity Profile • Balanced debt profile of 72% fixed-rate debt, with an average debt maturity of 2.6 years • Unutilised credit facilities of $3.0 billion • Average borrowing cost is about 3.73%1 • Assuming a 1% increase/decrease in interest rates in the respective currencies, the impact on pro
Slide 9: Contributions by Business Segment
Contributions by Business Segment Revenue by Segment Revenue Contributions by Segment FY2024 FY2023 Others 1 1,195.8 1,210.3 8% Property Development Hotel 43% 818.4 762.8 Operations 29% Total 555.5 512.5 S$2,795 mil 225.0 196.1 Property Investments Property Development Property Investments Hotel Ope
Slide 10: Contributions by Geography
Contributions by Geography Adjusted EBITDA1 by Geography Total Asset Value by Geography Australia, 2% Malaysia, 1% Malaysia, 2% Australia, 3% Others, 0.3% China, 5% Others, 1% United Kingdom, 4% China, 0.02% United Kingdom, 5% Total Total S$841 mil S$22,836 mil Singapore, 91% Singapore, 86% 91% of t
Slide 11: Operational Highlights (Property Development)
3 Operational Highlights (Property Development) PARKTOWN Residence (artist’s impression) UOL Group Limited | 11
Slide 12: Strong Launch (PARKTOWN Residence)
Strong Launch (PARKTOWN Residence) UOL Group Limited | 12
Slide 13: Strong Launch and Sales Momentum
Strong Launch and Sales Momentum MEYER BLUE Pinetree Hill Watten House Distinctive Architecture with Freehold Tenure in the East Prestigious Locale with Elevated Ground Exceptional and Rare Freehold Address • 8,981 sqm freehold site • Within 1km to popular schools such as Henry • 20,461 sqm freehold
Slide 14: Replenishing Prime Residential Sites
Replenishing Prime Residential Sites Orchard Boulevard1 Holland Drive Thomson View Crown Jewel Address in Orchard Perfectly Positioned for Holland Road Rejuvenation Another Mega Project with Excellent Site Attributes • First Government Land Sales residential site • 55:10:35 joint venture between UOL
Slide 15: UPPERHOUSE at Orchard Boulevard
UPPERHOUSE at Orchard Boulevard • First Government Land Sales residential site released in the Orchard/Tanglin area since 2018 • Awarded residential site with commercial component on first storey at Orchard Boulevard in February 2024 at $428.3 million ($1,617 psf GFA) • 7,031.4 sqm leasehold site; G
Slide 16: Operational Highlights (Property Investments)
3 Operational Highlights (Property Investments) Singapore Land Tower UOL Group Limited | 16
Slide 17: Property Investments: Singapore Commercial Portfolio
Property Investments Singapore Commercial Portfolio as at 31 December 2024 Office Lease Expiry Profile (% of GR) Office 36.3% 94.0% (+2.2% YoY) 24.8% Committed Occupancy 18.4% 20.5% 3.3 million sq ft Net Lettable Area 2025 2026 2027 2028 and Beyond Retail Lease Expiry Profile (% of GR) Retail 33.0%
Slide 18: Property Investments: Overseas Commercial Portfolio
Property Investments Overseas Commercial Portfolio as at 31 December 2024 United Kingdom Office Lease Expiry Profile (% of GR) Office 42.6% 81.6% (-4.1% YoY) 28.3% Committed Occupancy 16.1% 13.1% 460,098 sq ft Net Lettable Area 2025 2026 2027 2028 and Beyond Australia Office Lease Expiry Profile (%
Slide 19: Diversified Tenant Base of UOL and SingLand
Property Investments Diversified Tenant Base of UOL and SingLand Airline, Transportation and Hospitality and Leisure, 1% Logistics, 2% Manufacturing, 3% Others, 5% Sports, 5% Food and Trading and Services, 4% Supermarket, 4% Banking and Beverage, 28% Legal, 4% Finance, 21% Home Energy, Natural Resou
Slide 20: New Retail Tenants Committed in 2H2024
Property Investments New Retail Tenants Committed in 2H2024 101 Pot The Dim Sum Simmons Noodles Place (United (United Square) (United Square) Square) Nong Geng Ji Hunan Sneakers 1TCM Cuisine Club (Velocity@ (Velocity@ (Velocity@ Novena Square) Novena Novena Square) Square) Popeyes Good Combo Famous
Slide 21: Property Investments (Asset Enhancement): Singapore Land Tower
Property Investments (Asset Enhancement) Singapore Land Tower Asset enhancement initiative • 49-storey building with gross floor area of approximately 76,000 sqm • Embarked on asset enhancement initiative in January 2021; scheduled to complete in 1H 2025 • Completed refurbishment works include: - In
Slide 22: Property Investments (Asset Enhancement): Clifford Centre
Property Investments (Asset Enhancement) Clifford Centre Redevelopment of commercial asset • Redevelopment of the prime 999-year leasehold site • Piling works commenced in 1Q 2024 following the demolition of the original building • Design to meet global sustainability benchmarks, the future premium
Slide 23: Property Investments (Asset Enhancement): West Mall
Property Investments (Asset Enhancement) West Mall Asset enhancement initiative • Newly renovated net floor area of approximately 3,500 sqm • Embarked on asset enhancement initiative in 1H2023; obtained TOP with official opening expected in June 2025 • Refurbishment works include: - Conversion of th
Slide 24: Portfolio Reconstitution: George Street
Property Investments (Portfolio Reconstitution) 388 George Street Acquisition of 50% stake • Freehold 30-storey Grade A commercial building with lettable area of 41,098 sqm that includes ground floor prime retail space • Located on the corner of George Street and King Street, the building underwent
Slide 25: Portfolio Reconstitution: Stamford Court
Property Investments (Portfolio Reconstitution) Stamford Court Divestment sale • Commercial property located along Stamford Road • Sale and purchase agreement entered with Spark61 Pte. Ltd. on 12 August for 100% of shares in UIC Land Pte Ltd at a sum of $132 million • Agreed value for property is hi
Slide 26: Recent Acquisition in China
Recent Acquisition in China Hong Kou District, Shanghai Acquisition of 10% stake • 7:3:90 joint venture between UOL Group1, Kheng Leong and China Jinmao Holdings • Acquired site in February 2025 at RMB 8.96 billion (S$1.66 billion) • Approximately 19,319 sqm; 70-year leasehold residential site • Loc
Slide 27: Operational Highlights (Hospitality)
3 Operational Highlights (Hospitality) Pan Pacific Orchard Crowned “Best Tall Building Worldwide” at CTUBH Annual Award 2024 UOL Group Limited | 27
Slide 28: Hospitality
Hospitality Owns and/or manages 48 hotels with about 14,700 rooms, comprising “Pan Pacific”, PARKROYAL COLLECTION and PARKROYAL Myanmar Owned: 2 Managed: 1 Thailand Bangladesh Managed: 1 Managed: 1 China United Owned: 3 Kingdom Managed: 4 Canada Owned: 1 Managed: 2 Franchise: 2 Japan Franchise: 2 Vi
Slide 29: Hospitality: Uplift in performance post AEI
Hospitality Uplift in performance post AEI Occupancy for owned¹ hotels (FY2024 vs FY2023) Singapore4 Oceania5 Others3,6 79% 68% 66% FY2023: 67% FY2023: 65% FY2023: 63% RevPAR for owned¹ hotels (FY2024 vs FY2023²) Singapore4 Oceania5 Others3,6 $314 $151 $103 FY2023: $244 FY2023: $142 FY2023: $98 1 In
Slide 30: Hospitality: Existing and Pipeline Hotels
Hospitality Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 25 7,480 4 781 PARKROYAL COLLECTION 3 1,477 - - PARKROYAL 17 4,690 5 825 Others 3 1,069 - - Total 48 14,716 9 1,606 By Ownership Type Owned 29 9,426 - - Managed 14 3,339 8 1,463 Franchise 4 1,543
Slide 31: Hospitality: Pipeline Projects
Hospitality Pipeline Projects Strategic expansion across Asia Hotel Higashiyama Kyoto Tokyu, Pan Pacific Serviced Suites PARKROYAL Hanoi A Pan Pacific Hotel PARKROYAL Dalian Bangkok 2025 2026 2027 1Q2025 4Q2025 1Q2026 1Q2027 PARKROYAL Pan Pacific Siam THE HOTEL PARKROYAL Jakarta Siem Reap Bangkok HI
Slide 32: Hospitality (Asset Enhancement in Australia)
Hospitality (Asset Enhancement in Australia) PARKROYAL Melbourne PARKROYAL Parramatta Pan Pacific Perth Airport • Completed a multi-million-dollar refurbishment, • Refurbishment of 196 rooms in original hotel • Full refurbishment of 392 rooms in main hotel upgrading 276 guest rooms, conference facil
Slide 33: Corporate Social Responsibility
Corporate Social Responsibility Expanding support to amplify community impact • Created social impact through leveraging People, Assets and Partnerships • Focused efforts in the areas of children, youth, education, inclusive sports and arts Expanded UOL-PPHG Strengthened commitment Championed artist
Slide 34: Sustainability
Sustainability Key sustainability progress highlights UOL Group’s MSCI ESG rating was First hospitality group in Singapore and upgraded to “AAA” in 2024, placing us Oceania to achieve the Global among the top 9% of companies in the Sustainable Tourism Council (GSTC) real estate development and diver
Slide 35: Awards & Accolades
Awards & Accolades Corporate UOL Group Limited Pan Pacific Hotels Group Limited Distinguished Patron of the Arts Award SG Enable Enabling Mark (Platinum) Award Community Chest Charity Platinum Award TTG Travel Best Regional Hotel Chain Award Champion of Good World Travel Awards MSF Community Cares A
Slide 36: Awards & Accolades: Product & Design Excellence
Awards & Accolades Product & Design Excellence Avenue South Residence, Singapore Pan Pacific Orchard, Singapore EdgeProp Singapore Excellence Awards Council on Tall Buildings and Urban Habitat Awards • Top Development, Residential • Best Tall Building Worldwide (Winner) • Top Mega Development Prix V
Slide 37: Concluding Remarks
4 Concluding Remarks PARKTOWN Residence (artist’s impression) UOL Group Limited | 37
Slide 38: Concluding Remarks: Navigating in an age of unpredictability
Concluding Remarks Navigating in an age of unpredictability Global economy expected to remain uncertain; Singapore economy projected to grow between 1% and 3% in 2025 • Sales momentum for private residential properties market to be driven by Singapore's growing economy and low unemployment rates • O
Slide 39: Concluding Remarks: Creating Value, Shaping A Sustainable Future
Concluding Remarks Creating Value, Shaping A Sustainable Future Our Competitive Advantage • Tapping the strength of a diversified income group • Well-timed residential launches and site replenishments • Robust AEI pipeline • Active portfolio reconstitution • Strong product delivery and project execu
Slide 40: Thank You
Thank You PARKTOWN Residence (artist’s impression) UOL Group Limited | 40
Slide 41: About Us
About Us • UOL Group Limited (UOL) was founded in 1963 and listed on the Singapore Exchange in 1964 • Total assets of $23 billion as at 31 December 2024 • Geographical presence in 15 countries - Singapore, Australia, UK, China, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Cambodia, Bangladesh, J
Slide 42: 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