UOL Group Limited · SGX:U14
UOL — Investor Presentation (November 2012)
35 slides from UOL's investor presentation, Nov 14, 2012
Slide 1: Investor Meeting Presentation
Investor Meeting Presentation 14 November 2012 1
Slide 2: Agenda
• COMPANY OVERVIEW • 3Q2012 RESULTS OVERVIEW • OPERATION HIGHLIGHTS • Q&A 2
Slide 3: Company overview
• Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development (residential units for sale) - Property investments (offices, retail malls and serviced suites) - Hotel operations (owned and/or managed hotels) • Award-winning developer noted for architectural
Slide 4: Key strengths
Stable Management Team Strong Nimble & Capital Focused on Position Strategic Fit Well Proven Track Diversified Record Portfolio Design & Quality Excellence 4
Slide 5: Group structure
Residential Developments Property Wholly-owned projects Development Joint-venture projects Commercial Properties/Serviced Suites Wholly-owned properties Property Joint-venture properties Investments UNITED INDUSTRIAL CORPORATION LIMITED (43%) MARINA CENTRE HOLDINGS PTE LTD (23%) Hotel Investments UO
Slide 6: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Japan, Bangladesh, USA & Canada 6
Slide 7: Ten-year financial summary
2010 CAGR 2002 2003 2004 2005 2006 2007 2008 2009 2011 (Restated) % Revenue ($m) 509.0 461.9 461.2 505.5 605.1 713.5 899.2 1,007.1 1,349.06 1,960.2 16.2 Profit before fair value and other gains/(losses) 119.7 107.6 128.3 149.3 158.6 273.3 351.5 429.9 551.2 727.8 22.2 ($m) Profit before income tax 20
Slide 8: Revenue, PATMI, Total Assets and Market Capitalisation
Revenue PATMI 2,500.0 800.0 CAGR 17.0% 700.0 2,000.0 CAGR 16.2% 600.0 500.0 1,500.0 400.0 1,000.0 300.0 200.0 500.0 100.0 0.0 0.0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Total Assets Market Capitalisation 9,000.0 4,000.0 8,000.0 CAGR 13.4%
Slide 9: Contribution by Business Segments
Contribution by Business Segments Total Assets** (%) Adjusted EBITDA* (%) Total Assets** (%) (FY 2011) (as at 31 Dec 2011) 0.4 7.4 3.1 1.2 15.8 21.3 0.4 12.7 7.4 15.8 21.3 55.1 27.9 54.9 54.9 *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains/losses on
Slide 10: Awards and accolades
• FIABCI Prix d’Excellence Award • The Aga Khan Award for Architecture • Urban Land Institute Awards for Excellence • Singapore President’s Design Award • South East Asia Property Awards • BCA Green Mark Platinum Award • Solar Pioneer Award • IR Magazine SEA Awards • BCI Asia Top 10 Developer Awards
Slide 11: 3Q2012 Results Overview
EUR B] UOL Group Limited 3Q2012 RESULTS OVERVIEW : . fl MM
Slide 12: 3Q2012 and 9M2012 results summary
% 9M 2011 % S$m 3Q 2012 3Q 2011 9M 2012 Change (Restated) Change Revenue 277.7 413.3 -33 874.3 1,594.3 -45 Share of profit of associated 25.4 36.8 -31 76.6 127.8 -40 companies Profit before fair value and other 104.2 122.6 -15 311.7 602.1 -48 gains/(losses) and income tax Fair value gains on associa
Slide 13: Net tangible asset value per share and gearing
FY 2011 9M 2012 % Change (Restated) Net tangible asset value per share $7.31 $6.84 +7 Total equity $6,147m $5,771m +7 Cash $268m $297m -10 Net debt $2,209m $2,029m +9 Gearing ratio 0.36 0.35 +3 13
Slide 14: Revenue by Business Segments 3Q2012 vs 3Q2011
($m) Revenue by Business Segments 3Q2012 vs 3Q2011 -50% 267.4 133.7 -1% 3Q2012 91.1 92.1 +1% 3Q2011 41.7 41.2 -26% - 3.9 5.2 7.4 7.4 Property Property Hotel Management Investments development investments operations services 14
Slide 15: Revenue Contribution by Business Segments 3Q2012
($m) Revenue Contribution by Business Segments 3Q2012 vs 3Q2011 3Q2012 3Q2011 Management Management services Investments services Investments 1% 3% Hotel 1% 2% operations Hotel 22% operations 33% Property investments Property 10% development Property 65% Property development investments 48% 15% 15
Slide 16: Revenue by Business Segments 9M2012 vs 9M2011
($m) Revenue by Business Segments 9M2012 vs 9M2011 -63% 1,175.1 435.4 9M2012 +7% 9M2011 +4% 277.4 259.2 124.9 119.6 -4% -12% 13.4 14.1 23.2 26.2 Property Property Hotel Management Investments development investments operations services 16
Slide 17: Revenue Contribution by Business Segments 9M2012
($m) Revenue Contribution by Business Segments 9M2012 vs 9M2011 9M 2012 9M 2011 Management Management services Investments Hotel services Investments 1% 3% operations 1% 2% Hotel 16% operations Property 32% investments 7% Property Property development Property development 74% investments 50% 14% 17
Slide 18: Operation Highlights
Bae trict PN) UOL Group Limited OPERATION HIGHLIGHTS il. le il
Slide 19: Archipelago: 99% of units sold
99% of units sold Archipelago (launched in December 2011) • Located along Bedok Reservoir Road • 553 condo units and 24 3-storey strata houses • Nestled within lush greenery of the Bedok Reservoir Park • Near upcoming Bedok North Downtown Line MRT Station (est. completion 2017) • 99% of units booked
Slide 20: Tianjin, The Esplanade
Tianjin, The Esplanade • Soft-launch of 320 residential units in 2Q and 3Q 2012, of which 46% were sold • Mixed development of 552 apartments, a 330-room hotel, 17,510 sqm office and 10,920 sqm retail space • Pan Pacific Tianjin hotel set to open in end-2013 • Target to complete in 2013 20
Slide 21: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % Complete Est. TOP Equity Units Area (as at 30.09.12) (as at 30.09.12) Date Stake (sq m) Duchess Residences 70 120 23,664 100 100 TOP 1Q2011 Panorama 55 223 24,927 99 100 TOP 2Q2011 Meadows@Peirce 100 479 66,270 100 100 T
Slide 22: Singapore residential pipeline
Singapore residential pipeline Project Name/Location Tenure of Site Area Est. Est. % Land (sq m) Saleable No. of Owned Area Units (sq m) St Patrick’s Garden site FH 12,780 19,548 180 100 Bright Hill Drive site 99 13,437 37,600 420 50 Total 26,217 57,148 600 22
Slide 23: Over 1,000 residential units in overseas pipeline
Over 1,000 residential units in overseas pipeline Project Name/Location Site Area Est. Est. % Owned (sq m) Saleable Area No. of (sq m) Units Shanghai (Changfeng) 39,540 77,800 400 40 **Mixed development The Esplanade, Tianjin 22,895 54,511 522 90 *Mixed development Kuala Lumpur (Jalan Conlay) 15,986
Slide 24: Site at Bright Hill Drive
Site at Bright Hill Drive in August 2012 • Site area 13,437 sq m, Plot ratio 2.8 • 99-year leasehold off Upper Thomson Road • Approximately 420 condo units • Unblocked views of MacRitchie Reservoir and Singapore Island Country Club • Proximity to upcoming Thomson MRT Line (est. completion 2018) • 50
Slide 25: Site at St Patrick's Garden
Site at St Patrick’s St Patrick’s Garden site Garden • Obtained Strata Titles Board order for the approval of the en-bloc sale • Freehold site of area 12,780 sq m, plot ratio 1.4 Pending image/Map • Along Upper East Coast Road • Approximately 180 units • 100% stake • Targeted to launch in 1Q 2013 25
Slide 26: Renowned Architect for Changfeng project
Renowned Architect for Changfeng project • Renowned architect Richard Rogers of Rogers Stirk Harbour + Partners (RSHP) to design the Changfeng project • Mixed development of 400 residential apartments and 8,000 sqm retail space • Design creates a network of landscaped spaces that connect the site wi
Slide 27: Office and retail properties
Office properties Net Lettable Area/ *GFA (sq m) Portfolio Novena Square 41,503 United Square 24,849 Odeon Towers 18,402 Faber House 3,956 SubTotal 88,710 Pipeline One Upper Pickering 8,088 The Esplanade, Tianjin (Hai He) 17,726 Office component of mixed development Total 114,524 Retail properties P
Slide 28: One KM retail mall
40% pre-commitment of leases One KM retail mall • Integrated development near Paya Lebar MRT Interchange • One KM retail mall with a residential component of 244 condo units • 19,519 sqm knowledge mall offering lifestyle, edutainment and gastronomy • 100% stake • 40% of leases are committed • Reside
Slide 29: Owned Serviced Suites Properties
Owned Serviced Suites Properties Rooms Portfolio Pan Pacific Serviced Suites Singapore (Orchard) 126 PARKROYAL Serviced Suites Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 SubTotal 503 Pipeline Pan Pacific Serviced Suites Beach Road, Singapore 180 Total 683 29
Slide 30: Hotels: existing and confirmed pipeline
Existing Confirmed Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brands Pan Pacific 17 5,910 2 505 PARKROYAL 9 2,888 2 692 Others 2 595 - - Total 28* 9,393 4 1,197 By Ownership Type Owned 15 5,043 2# 697 Managed 13 4,350 2## 500 Total 28 9,393 4 1,197 * As at 31 October 2012. # P
Slide 31: Going Forward
Bae trict PN) UOL Group Limited GOING FORWARD
Slide 32: Outlook and strategy going forward
• Slow rate of growth for 2012 due to uncertainties in the global economy • Healthy capital position and diversified portfolio to ride out market volatility • Selectively replenish landbank in Singapore • Measured approach in geographical expansion • Optimise and improve yield for investment propert
Slide 33: Forward-looking statements 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 UOL Group
Slide 34: Thank You
EAE tie PNT UOL Group Limited THANK YOU
Slide 35: Q&A
EAE tie PNT UOL Group Limited Q&A 1