UOL Group Limited · SGX:U14
UOL — Investor Presentation (September 2012)
35 slides from UOL's investor presentation, September 2012
Slide 1: Investor Meeting Presentation
Investor Meeting Presentation August/September 2012 1
Slide 2: Agenda
• COMPANY OVERVIEW • 1H2012 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: 1H2012 Results Overview
Bae trict PN) UOL Group Limited 1H2012 RESULTS OVERVIEW : . fl MM
Slide 12: Financial results 2Q and 1H 2012
2Q 2011 % 1H 2011 % S$m 2Q 2012 1H 2012 (Restated) Change (Restated) Change Revenue 298.8 455.9 -34 596.6 1,181.0 -49 Share of profit of associated 23.5 33.2 -29 51.2 91.0 -44 companies Profit before fair value and other 99.7 147.2 -32 207.5 479.5 -57 gains/(losses) and income tax Fair value gains o
Slide 13: Net tangible asset value per share, equity, debt and gearing
FY 2011 1H 2012 % Change (Restated) Net tangible asset value per share $7.15 $6.84 +5 Total equity $6,016m $5,771m +4 Cash $307m $297m +3 Net debt $1,994m $2,029m -2 Gearing ratio 0.33 0.35 -6 13
Slide 14: Revenue by Business Segments 2Q2012 vs 2Q2011
($m) Revenue by Business Segments 2Q2012 vs 2Q2011 -51% 305.7 148.5 +2% 2Q2012 89.5 88.1 2Q2011 +5% -8% -16% 41.3 39.3 3.8 4.1 15.8 18.8 Property Property Hotel Management Investments development investments operations services 14
Slide 15: Revenue Contribution by Business Segments 2Q2012 vs 2Q2011
($m) Revenue Contribution by Business Segments 2Q2012 vs 2Q2011 2Q2012 2Q2011 Management Management services Investments services Investments 1% 5% Hotel 1% 4% operations Hotel 19% operations 30% Property investments Property 9% development Property 67% Property development investments 50% 14% 15
Slide 16: Revenue by Business Segments 1H2012 vs 1H2011
($m) Revenue by Business Segments 1H2012 vs 1H2011 -67% 907.7 1H2012 301.7 +11% 1H2011 +6% 186.3 167.2 +8% -16% 83.2 78.5 9.6 8.9 15.8 18.8 Property Property Hotel Management Investments development investments operations services 16
Slide 17: Revenue Contribution by Business Segments 1H2012 vs 1H2011
($m) Revenue Contribution by Business Segments 1H2012 vs 1H2011 1H2012 1H2011 Management Management Investments Hotel services services Investments 2% operations 1% 2% 1% 14% Hotel operations Property 31% investments 7% Property Property Property development investments development 77% 14% 51% 17
Slide 18: Operation Highlights
Bae trict PN) UOL Group Limited OPERATION HIGHLIGHTS il. le il
Slide 19: Archipelago
Launched in December 2011 Archipelago • 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) • 87% of units booked/sold (as at 13 Aug
Slide 20: Katong Regency
Launched in April 2012 Katong Regency • Freehold site near Paya Lebar MRT Interchange • 244 condo units integrated with One KM retail mall • 19,519 sqm knowledge mall offering lifestyle, edutainment and gastronomy • 100% stake • Fully SOLD with average price of $1,600 achieved 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 30.06.12) (as at 30.06.12) Date Stake (sq m) Duchess Residences 70 120 23,664 100 100 TOP 1Q2011 Panorama 55 223 24,927 97 100 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: Tianjin, The Esplanade
Tianjin, The Esplanade • Mixed development of 552 apartments, a 330-room hotel, 17,510 sqm office and 10,920 sqm retail space • Soft-launch of 160 residential units in 2Q 2012, of which 25% were sold • Pan Pacific Tianjin hotel set to open in end-2013 • Target to complete in 2013 24
Slide 25: 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 26: St Patrick's Garden site
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 early 2013
Slide 27: 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 28: 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 29: Owned Serviced Suites
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: Pan Pacific and PARKROYAL hotels
Existing Confirmed Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brands Pan Pacific 15 4,998 3 940 PARKROYAL 9 2,938 2 688 Others 2 595 - - Total 26* 8,531 5 1,628 By Ownership Type Owned 15 5,093 2# 693 Managed 11 3,438 3## 935 Total 26 8,531 5 1,628 * As at 31 July 2012. # PARK
Slide 31: Going Forward
Bae trict PN) UOL Group Limited GOING FORWARD
Slide 32: Outlook and strategy
• Subdued growth for 2012 amidst uncertain global economic outlook and lack of resolution in the European debt crisis • Healthy capital position and diversified portfolio to ride out market volatility • Selectively replenish landbank in Singapore • Measured approach in geographical expansion • Optim
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