Ho Bee Land Limited · SGX:H13
Ho Bee Land — Shareholder Meeting (April 2021)
21 slides from Ho Bee Land's shareholder meeting presentation, Apr 28, 2021
Slide 1: Announcement: Results of the 33rd Annual General Meeting
Ho Bee Land Limited (Co. Reg. No.: 198702381M) ANNOUNCEMENT RESULTS OF THE 33RD ANNUAL GENERAL MEETING Ho Bee Land Limited (the “Company”) wishes to announce the following: RESOLUTIONS PASSED AT THE 33RD ANNUAL GENERAL MEETING (“AGM”) Pursuant to Rule 704(16) of the Listing Manual of the Singapore E
Slide 2: Poll results on resolutions 2 to 9
For Against Total number of As a As a shares percentage percentage Resolution number and represented of total of total details by votes for number of number of Number of Number of and against votes for votes for shares shares the relevant and against and resolution the against the resolution resolut
Slide 3: Poll results, abstentions and scrutineer
For Against Total number of As a As a shares percentage percentage Resolution number and represented of total of total details by votes for number of number of Number of Number and against votes for votes for shares of shares the relevant and against and resolution the against the resolution resolut
Slide 4: Director re-appointments and independence
Ms Josephine Choo Poh Hua who was re-elected as a director of the Company at the AGM will remain as a member of the Audit & Risk Committee and a member of the Remuneration Committee. The board of directors of the Company considers Mr Bobby Chin Yoke Choong and Ms Josephine Choo Poh Hua both as indep
Slide 5: 33rd Annual General Meeting April 2021
—a— (€ Ho Bee Land 33" Annual General Meeting 28 April 2021 ——
Slide 6: Contents
Contents * FY2020 Summary of Financial Results « Key Performance Drivers in FY2020 * Our Property Portfolio * Investment Properties * Development Properties * 10-Year Financial Summary « FY2020 In Summary 03 04 05 06 10 15 16 @ HoBeeLand
Slide 7: FY2020 Summary of Financial Results
_FY2020 Summary of Financial Results Sales of development properties Rental income FV changes on investment properties Other income Total Cost of sales, operating exp & net finance costs Share of profits of associates & jointly-controlled entities Profit before taxation Taxation Non-controlling inte
Slide 8: Key Performance Drivers in FY2020
Key Performance Drivers in FY2020 Singapore Overseas Share of profits recurrent income recurrent income — from associates and 7 prime London jointly-controlled office assets entities - FY2020: $$100.9 million/ — - FY2020: $$113.2 million/ - FY2020: $$55.4 million 46% of total rental income, 53% of t
Slide 9: Our Property Portfolio
Our Property Portfolio e Diversified geographically to reduce concentration risk e Focus on commercial sector — one of the least affected sectors by Covid-19 pandemic 3% 1% 7% 22% 2% By Geographical Location By Sector 48% FY2020: $$6.2 billion FY2020: $$6.2 billion 40% 77% mSG HUK BAUS BCHN BEU BRES
Slide 10: Investment Properties — Singapore, UK (London), Germany (Munich)
Investment Properties — Singapore, UK (London), Germany (Munich)
Slide 11: Singapore — The Metropolis
Singapore — The Metropolis Asset enhancement initiatives (AEl) started last year to increase net lettable area (NLA) by about 14,000 sq ft. It will complete in May 2021. Current vacancy of about 4% is partially due to AEl works. NLA approximately 1.1 million sq ft. The flagship development continues
Slide 12: London, UK — Prime Office Assets
London, UK — 7 Prime Office Assets e Total lettable area for London portfolio is 1.574 million sq ft e 100% occupancy with WALE > 6 years 60 St Martin’s Lane 39 Victoria Street Apollo & Lunar House 110 Park Street & HoBeeLand
Slide 13: Munich, Germany — Grade A Office Development
Munich, Germany — Grade A Office Development Freehold City centre location (next to Munich’s main railway station) Total NLA: approx. 663,000 sq ft Effective interest: approx. 40% All approvals expected in 3Q2021 and construction to commence thereafter Completion expected in 2025 @ HoBeeLand
Slide 14: Development Properties — China, Australia, Singapore
Development Properties — China (Shanghai, Tangshan & Zhuhai) Australia (Melbourne & Gold Coast) Singapore 10 @ HoBeeLand
Slide 15: Development Properties — China
11 Development Properties — China e Shanghai o Ownership interest: 40% o Total: 1,470 units o Fully sold e Tangshan o Ownership interest: 50% o Phase 1 & 2: 2,065 units o Fully sold e Zhuhai o Ownership interest: 20% o Total: 3,669 units o Sold: 86% Tangjiawan, Zhuhai @ HoBeeLand
Slide 16: Development Properties — Australia
Development Properties — Australia The Group’s focus in Australia is the development of master-planned residential communities. We currently have six developments in Queensland and Victoria. Sunshine : Collingwood : a eoast _ rari tear | wot | Location Queensland Queensland Queensland Victoria Victo
Slide 17: Development Properties — Australia
13 Development Properties — Australia Tarneit, Victoria Wollert, Victoria @ HoBeeLand
Slide 18: Singapore Development — Biopolis Phase
14 Singapore Development — Biopolis Phase 6 About 445,000 sq ft of biomedical sciences facilities and office space Strategically located adjacent to The Metropolis Integrate with the Buona Vista Node of the Rail Corridor Construction commencement date: June '21 Target completion date: 3Q '23 @ HoBee
Slide 19: 10-Year Financial Summary
10-Year Financial Summary Turnover PATMI ey Dividends ($M) ($M) (cents) ism) (Cents) 1%) 2011 28.0 1,645 4 13.0% 2012 473 187 26.7 1,787 2.58 5) 10.9% 2013 149 592 87.4 2,331 3.48 8 28.7% 2014 101 315 47.2 2,601 3.90 5 12.8% 2015 130 242 36.3 2,820 4.23 7 8.9% 2016 299 217 32.5 2,925 4.39 6 7.5% 201
Slide 20: FY2020 In Summary
16 FY2020 In Summary 70.6% improvement in PATMI (without fair value changes on investment properties) A robust recurrent income base Maintains 10 cents dividend payout @ HoBeeLand
Slide 21: Thank You
Thank You