Uni-asia Group Ltd. · SGX:CHJ
Uni-asia — Q1 2021 Earnings Presentation
32 slides from Uni-asia's earnings presentation, May 14, 2021
Slide 1: 1Q2021 Corporate Updates
(. UNI-ASIA GROUP LIMITED 102021 Corporate Updates
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements which can be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. Such statements may include comments on industry, business or market trends, projecti
Slide 3: Table of Contents
Table of Contents • 1Q2021 Financials Highlights • 1Q2021 Business Updates
Slide 4: 1Q2021 Financials Highlights
1Q2021 Financials Highlights
Slide 5: Total Assets Allocation
TOTAL ASSETS ALLOCATION Total assets excluding right-of-use assets due to lease accounting 2.3% 2.4% Maritime Investment 14.7% 14.4% Property Investment 20.6% 19.8% Cash and Cash Equivalents 62.4% 63.4% Others US$’m As at 31 March 2021 As at 31 December 2020 Total assets excluding ROU assets 233.8 2
Slide 6: Cash Balance
CASH BALANCE US$'m Cash Balance excluding Pledged Deposits 60.00 56.09 50.00 43.46 40.56 40.00 35.55 35.48 34.52 30.33 30.00 20.00 10.00 0.00 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 Dec 20 Mar 21 Through efficient deployment of cash, the Group’s total cash balances remain more than USD30 million as at 31
Slide 7: Cash Flows
CASH FLOWS (US$'000) 1Q2021 1Q2020 Cash and cash equivalents at beginning of the quarter 35,477 56,089 Cash Inflow / (Outflow) Operating Activities 694 4,935 Investing Activities 11,633 (13,512) Financing Activities (12,179) (4,033) Effect of exchange rate changes (1,104) 48 Net Cash Outflow for the
Slide 8: Borrowings
BORROWINGS US$'m Borrowings as at End of Financial Period 500.0 400.0 300.0 216.8 180.7 200.0 66.5 142.6 69.2 114.0 102.1 100.0 71.3 44.4 41.5 150.3 111.5 71.3 69.6 60.6 - FY2017 FY2018 FY2019 FY2020 1Q2021 Non-Current Current Total • Total borrowings had reduced in 1Q2021 mainly due to repayment of
Slide 9: 1Q2021 Business Updates
1Q2021 Business Updates
Slide 10: Objectives for FY2021
Objectives for FY2021: Utilise capabilities across all assets to achieve V-Shape Recovery Deliver sustainable dividend yield and equity value to shareholders
Slide 11: Focus on Dry Bulkers
FOCUS ON DRY BULKERS In the past half a year, the Group had disposed of 3 out of the 4 containerships owned. Percentage Name of Containership Status Ownership 1 MV Ital Massima 50% SOLD 2 MV Ital Melodia 50% SOLD 3 MV Uni Florida 100% SOLD The Group is looking to dispose of the last containership in
Slide 12: Dry Bulk Market Recovery vis-à-vis China's Industrial Production Recovery
DRY BULK MARKET RECOVERY VIS-À-VIS CHINA’S INDUSTRIAL PRODUCTION OPERATION RECOVERY According to Clarksons Research, China’s dry bulk import accounts for about 40% of global dry bulk trade for 2020. As such, a growth in China’s demand for dry bulk would inevitably be beneficial to the overall dry bu
Slide 13: Baltic Handysize Index (BHSI)
BALTIC HANDYSIZE INDEX (“BHSI”) 1600 BHSI – 4M2021 vs 4M2020 1400 1200 1000 800 600 400 200 04 Jan 02 Feb 03 Mar 01 Apr 30 Apr 2021 2020 With the dry bulk market growing exceptionally in 2021, the Group strives to capitalise on the current market to achieve the best possible charter rates and return
Slide 14: Wholly Owned Dry Bulk Portfolio
WHOLLY OWNED DRY BULK PORTFOLIO The charters of the 10 dry bulk carriers under the Group’s ship owning and chartering segment are due for renewal in 2021 and/or 2022 Name of Ship Capacity Type Year of Built Shipyard 1 M/V Uni Challenge 29,078 DWT Bulker 2012 Y-Nakanishi 2 M/V Uni Wealth 29,256 DWT B
Slide 15: Capitalise on Good Shipping Market
CAPITALISE ON GOOD SHIPPING MARKET For 1Q2021, the Group had achieved an average daily charter of around USD10,000 for the ships under ship owning and chartering segment. 15 15
Slide 16: Joint-Investment Dry Bulk Portfolio
JOINT-INVESTMET DRY BULK PORTFOLIO The current good market may help to increase the overall returns from joint-investment entities Name of Joint Ownership Type Capacity Year of Built Shipyard Investment Company Percentage 1 Matin Shipping Ltd. 49% Bulker 38,278 DWT 2011 Imabari 2 Olive Bulkship S.A.
Slide 17: Close Finance Arrangement Deals
CLOSE FINANCE ARRANGEMENT DEALS The Group specialises in fee-based finance arrangement transactions (including for ships and container boxes) and is working to close deals in 2021 so as to generate fee income for the Group. 17 17
Slide 18: Realise Returns on HK Properties
REALISE RETURNS ON HK PROPERTIES 4th Hong Kong Property Project 5th Hong Kong Property Project Market for sale of 4th and 5th Hong Kong projects is closely monitored so as to realise returns from these projects. 18 18
Slide 19: Hong Kong Properties
HONG KONG PROPERTIES – The Group has invested in 8 Hong Kong property projects to-date. Completed Completed Completed 19 19
Slide 20: 4th HK Property Project – T18
4TH HK PROPERTY PROJECT – T18 HKD26.5 million or around Investment: USD3.4 million (2.5% effective ownership) 18 - 20 Tai Chung Road, Tsuen Location: Wan, Hong Kong A commercial office building to be Project: completed by 2021 Construction is completed and the building is in the final approval Curre
Slide 21: 5th HK Property Project – T73
5TH HK PROPERTY PROJECT – T73 HKD33.8 million or around USD4.3 million Investment: (7.5% effective ownership) Location: 71 – 75 Chai Wan Kok Street, Tsuen Wan, Hong Kong Project: An industrial building to be completed by 2021 Construction is finished and the project is undergoing approval Current st
Slide 22: 6th HK Property Project – CSW1018
6TH HK PROPERTY PROJECT – CSW1018 HKD35.2 million or around USD4.5 million Investment: (3.825% effective ownership) Location: 1016 – 1018 Tai Nam West Street, Kowloon, Hong Kong Project: A industrial office building to be completed by 2022 Superstructure construction is on 3/F. Current Completion is
Slide 23: 7th HK Property Project – T11
7TH HK PROPERTY PROJECT – T11 HKD53.75 million or around Investment: USD6.85 million (8.27% effective ownership) 11 – 15 Chai Wan Kok Street, Location: Tsuen Wan, Hong Kong A commercial office building to Project: be completed by 2021 Superstructure construction has reached 18/F and the construction
Slide 24: 8th HK Property Project – CSW918
8TH HK PROPERTY PROJECT – CSW918 HKD33.0 million or around Investment: USD4.23 million (3.0% effective ownership) 916 – 926 Cheung Sha Wan Location: Road, Hong Kong Two phases of an industrial Project: office building complex to be completed by 2023 Demolition work was completed in April 2021. Recen
Slide 25: Continue with ALERO Projects
CONTINUE WITH ALERO PROJECTS The Group has built up a good reputation for our ALERO projects in Tokyo. We will continue to build on this good name to generate returns from ALERO projects. 25 25
Slide 26: ALERO Projects
ALERO PROJECTS No. of Alero Projects (Including Construction Management Projects) 20 18 16 16 15 14 13 13 12 12 12 12 11 11 10 9 9 9 9 8 8 8 8 8 7 7 7 6 6 6 6 5 5 5 4 3 3 2 2 1 1 1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q2021 Number of New Projects Number of Completed Projects Number o
Slide 27: Small Residential Projects in Tokyo, Japan (Sold & Holding Projects)
SMALL RESIDENTIAL PROJECTS IN TOKYO, JAPAN (SOLD & HOLDING PROJECTS) 1 SHIMOMEGURO PROJECT (SOLD) 20 OKUSAWA PROJECT (SOLD) 33 KOMABA TODAMAE PROJECT (SOLD) Projects under lease 2 AKEBONOBASHI PROJECT (SOLD) 21 NISHI KAMATA PROJECT (SOLD) 34 TAKADANOBABA II PROJECT (SOLD) 1 TAKADANOBABA PROJECT (LEA
Slide 28: Small Residential Projects in Tokyo, Japan (Under Construction/Planning)
SMALL RESIDENTIAL PROJECTS IN TOKYO, JAPAN (PROJECTS UNDER CONSTRUCTION/PLANNING) 1 NAKANO 5 PROJECT 9 MEDAIMAE PROJECT scheduled for completion in Aug 2021 scheduled for completion in Oct 2021 2 NAKANO SHINBASHI (YAYOICHO) PROJECT 10 HATAGAYA PROJECT scheduled for completion in Apr 2021 scheduled f
Slide 29: Increase Assets Under Management
INCREASE ASSETS UNDER MANAGEMENT JPY'billion UACJ Asset Management AUM by Segment 35.0 30.4 30.0 26.3 30.2 25.0 23.9 20.0 16.0 14.2 15.0 13.0 12.2 13.0 9.0 9.2 10.2 9.4 8.0 10.0 5.8 6.9 5.4 6.8 5.2 4.9 5.0 2.8 3.0 2.6 4.3 2.5 - 2015 2016 2017 2018 2019 2020 1Q2021 Hotel / Hostel Residential Healthca
Slide 30: Explore New Business Opportunities
EXPLORE NEW BUSINESS OPPORTUNITIES The Group will leverage on our expertise across shipping and properties to explore new business opportunities and products so as to increase the Group’s income streams. 30 30
Slide 31: Next Results Announcement Date
Next Results Announcement Date: On or before 13 August 2021
Slide 32: Thank You
(. UNI-ASIA GROUP LIMITED Thank You