UOL Group Limited · SGX:U14
UOL — Investor Presentation (June 2012)
31 slides from UOL's investor presentation, June 2012
Slide 1: Investor Meeting Presentation May/June 2012
Investor Meeting Presentation May/June 2012 1
Slide 2: Agenda
• COMPANY OVERVIEW • 1Q2012 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: Stable Management Team and 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 (as at 31 Dec 2011) Total Assets** (%) Adjusted EBITDA* (%) Total Assets** (%) 0.4 7.4 0.4 3.1 1.2 15.8 21.3 7.4 12.7 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 investmen
Slide 10: Awards
• 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: 1Q2012 Results Overview
EUSA RRA A] UOL Group Limited 1Q2012 RESULTS OVERVIEW ll lll i AM
Slide 12: 1Q2012 income statement summary
S$m 1Q 2012 1Q 2011 % Change Revenue 297.7 725.1 -59 Share of profit of associated companies 27.8 57.8 -52 Profit before other gains and income tax 107.8 332.3 -68 Other gains 0.6 0.9 -35 Profit before income tax 108.4 333.2 -67 Net attributable profit 84.0 230.0 -63 Earnings per share (cents) 10.93
Slide 13: Balance sheet 1Q 2012 vs FY 2011
FY 2011 1Q 2012 % Change (Restated) Net tangible asset value per share $7.05 $6.82 +3 Total equity $5,935m $5,756m +3 Cash $334m $297m +12 Net debt $1,946m $2,029m -4 Gearing ratio 0.33 0.35 -6 The financials for 2011 were restated due to the adoption of the Amendments to FRS 12 – Deferred Tax: Reco
Slide 14: Revenue by Business Segments 1Q2012 vs 1Q2011
($m) Revenue by Business Segments 1Q2012 vs 1Q2011 -75% 602.0 1Q2012 +22% 1Q2011 153.2 +7% +21% 96.8 79.1 41.9 39.2 5.8 4.8 Property Property Hotel ownership Hotel and other development investments and operations management services 14
Slide 15: Revenue Contribution by Business Segments
($m) Revenue Contribution by Business Segments 1Q2012 vs 1Q2011 1Q2012 1Q2011 Hotel and Hotel Hotel and other ownership other management and management services operations services Hotel 2% 11% 1% ownership Property and investments operations 5% 33% Property Property Property investments development
Slide 16: Operation Highlights
EUSA RRA A] UOL Group Limited OPERATION HIGHLIGHTS i lll i AM
Slide 17: 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) • 66% of units sold (as at 11 May 2012) w
Slide 18: 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 within week of launch with average price of $1,600 achieved
Slide 19: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % Complete Est. TOP Equity Units Area (as at 30.04.12) (as at 30.04.12) 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 20: Singapore and overseas 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 Over 1,000 residential units in overseas pipeline Project Name/Location Site Area Est. Est. % Owned (sq m) Saleab
Slide 21: 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 • Condo units targeted to soft-launch in 2Q 2012 • Pan Pacific Tianjin hotel set to open in 2013 • Target to complete in 2013 21
Slide 22: 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 23: 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 201
Slide 24: 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 25: 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 25
Slide 26: Hotels: existing and confirmed pipeline
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 30 Apr 2012. # PARKR
Slide 27: Going Forward
EUSA RRA A] UOL Group Limited GOING FORWARD
Slide 28: Outlook and strategy
• Subdued growth for 2012 amidst global economic slowdown and lack of resolution in the Eurozone crisis • Healthy capital position and diversified portfolio to ride out market volatility • Selectively replenish landbank in Singapore • Measured approach in geographical expansion • Optimise and improv
Slide 29: 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 30: Thank You
EUSA RRA A] UOL Group Limited THANK YOU oS lie i)
Slide 31: Q&A
EUSA RRA A] _ UOL Group Limited Q&A oS lie i)