Soundwill Holdings Limited · HKEX:878
Soundwill — H1 2024 Earnings Presentation
25 slides from Soundwill's earnings presentation, August 2024
Slide 1: Interim Results
*For identification purpose only ���� Interim Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the“Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or c
Slide 3: About Soundwill
Company Overview About Soundwill Stock code : 878.HK Listing date : March 1997 No. of issued shares (as at 21 Aug 2024) : 283,308,635 shares Share price (as at 21 Aug 2024) : HK$5.30 Market cap (as at 21 Aug 2024) : HK$1.50 billion Stock Price Performance 8 0.4 7 0.35 6 0.3 5 0.25 4 0.2 3 0.15 2 0.1
Slide 4: Company Overview
Company Overview A niche property play in Hong Kong with proven track record in property redevelopment - Completed more than 100 redevelopment projects since its inception 30 years ago - Mainly focused on buildings with high potential redevelopment value in Hong Kong - Actively participated in urban
Slide 5: Milestone
Milestone Causeway Bay Wan Chai 1954 Soundwill Plaza 2004 Soundwill Plaza II Kai Kwong Midtown Commercial Building 2010 Park Haven 2010 THE SHARP Tai Hang Kwai Chung Jones Hive WarrenWoods 2014 iPLACE iCITY P.5
Slide 6: Soundwill's Footprint
Soundwill’s Footprint Industrial Residential Commercial Property Investment Kai Kwong Commercial Building P.6
Slide 7: Property Redevelopment Strategies
Property Redevelopment 5 years or above Strategies 3-5 years 1-3 years - Property investment & leasing - self-development of commercial properties in prime areas - Property Development - self-development of residential / commercial / industrial properties - Sale of un-developed land for resale sites
Slide 8: Interim Results
���� Interim Results *For identification purpose only
Slide 9: Earnings
Earnings FY 2023 1H 2024 1H 2023 Change Revenue (HK$ mil) 395.9 1,030.1 212.3 +385% Adjusted Profit* (HK$ mil) 554.9 347.6 123.7 +181% Basic Loss Per Share (HK$) (2.28) (3.44) (1.23) +180% *Exclude net fair value loss on investment properties, gain on disposal of subsidiaries, investment properties
Slide 10: Revenue by business segments
Revenue by business segments Property Leasing 17% (89%) Building Management Property & Other Services Development 1% (5%) 82% (6%) (Comparative figures of FY2023 in parentheses) Revenue composition - Property development: Sales of properties under development - Property leasing: Rental, signage rent
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights 30 Jun 2024 31 Dec 2023 As at Change (HK$ mil) (HK$ mil) Total assets 19,488 21,000 -7.20% Net assets 17,213 18,460 -6.76% Cash and bank deposit 1,074 1,138 -5.62% Total borrowings 1,394 1,517 -8.11% Gearing ratio* 8% 8% - Net of cash gearing ratio # 1.9% 2.1% -0.2 p.p *Gear
Slide 12: Business Overview
Business Overview *For identification purpose only
Slide 13: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Top class rental property in the prime location of Causeway Bay 銅鑼灣港鐵站B出口 Causeway Bay MTR Exit B Hennessy Rd. 軒尼詩道 Soundwill Plaza, Causeway Bay 道 尼詩 d. 軒 sy R nes 希慎廣場 Hen - Total leasing GFA : 245,105 sq. ft. Hysan Place - Prime location in one of the wor
Slide 14: SWP Current Tenants (as at 30 Jun 2024)
SWP Current Tenants (as at 30 Jun 2024) 3 - 39/F Street level P.14
Slide 15: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Growth Driver 銅鑼灣港鐵站B出口 Causeway Bay MTR Exit B Hennessy Rd. 軒尼詩道 尼 詩道 d. 軒 sy R nes 希慎廣場 Hen Hysan Place Soundwill Plaza II - Midtown, Causeway Bay 道 尼詩 Per d. 軒 g St. yR Lun
Slide 16: MT Current Tenants (as at 30 Jun 2024)
MT Current Tenants (as at 30 Jun 2024) 1 - 30/F Street level P.16
Slide 17: Membership Rewards Program
Membership Rewards Program Soundwill Club - Established a multi-platform for publicity activities that products and services offered by tenants would be launched with their peculiar characteristics. - Optimized to enhance the customer experience of online sales with a simpler, more convenient and fa
Slide 18: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Investment property 10 Knutsford Terrace, Tsim Sha Tsui - Total leasing GFA : approx.114,000 sq. ft. - New leasing specifications GFA Occupancy Floor (sq. ft.) rate* G/F - 3/F 20,000 50% 4/F - 23/F 94,000 69% Total 114,000 64% *As at 30 Jun 2024 Kai Kwong Co
Slide 19: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Investment property THE SHARP, Causeway Bay (G/F retail space retained for investment purpose) - Total leasing GFA : approx.5,968 sq. ft. - New leasing specifications GFA Occupancy Floor (sq. ft.) rate* G/F - 2/F 4,570 100% Shops 1-3 G/F Shop A 1,398 100% *A
Slide 20: Land Bank & Development Timeline
Land Bank & Development Timeline Project location Development plan Causeway Bay - Commercial development Yiu Wa St. and Canal Road East - Site area: 2,952 sq. ft. 耀華街及堅拿道東 - GFA: 44,000 sq. ft. Project location Development plan Kwai Chung - Industrial development South China Cold Storage Building -
Slide 21: Sustainability
Sustainability *For identification purpose only
Slide 22: Green Involvement
Green Involvement Green Investment Green Education - Rapid Reaction to Extreme Climate - Initiatives to energy saving - Public Recycling to reduce Landfill Waste P.22
Slide 23: Social Investment
Social Investment - Caring for the underprivileged - Sponsoring NGOs P.23
Slide 24: Appendix
Appendix *For identification purpose only
Slide 25: Shareholding / Corporate Structure
Shareholding / Corporate Structure Chairman Other Public CHAN Hing Tat Shareholders *74.94% 25.06% ** Property and Property Property Building Management Leasing Development No. of issued shares : 283,308,635 shares (as at 21 Aug 2024) *approximately 74.94% held by a trust, in which the Chairman is a