Ho Bee Land Limited · SGX:H13
Ho Bee Land — Shareholder Meeting (April 2022)
21 slides from Ho Bee Land's shareholder meeting presentation, April 2022
Slide 1: Announcement: Results of the 34th Annual General Meeting
Ho Bee Land Limited (Co. Reg. No.: 198702381M) ANNOUNCEMENT RESULTS OF THE 34TH ANNUAL GENERAL MEETING Ho Bee Land Limited (the “Company”) wishes to announce the following: RESOLUTIONS PASSED AT THE 34TH ANNUAL GENERAL MEETING (“AGM”) Pursuant to Rule 704(16) of the Listing Manual of the Singapore E
Slide 2: Announcement – Results of the 34th Annual General Meeting (Page 2)
Ho Bee Land Limited Announcement – Results of the 34th Annual General Meeting Page 2 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 sha
Slide 3: Announcement – Results of the 34th Annual General Meeting (Page 3)
Ho Bee Land Limited Announcement – Results of the 34th Annual General Meeting Page 3 (b) Details of parties who are required to abstain from voting on any resolution(s), including the number of shares held and the individual resolution(s) on which they abstained from voting Resolution number and det
Slide 4: 34th Annual General Meeting, April 2022
3 4 th A n n u a l G e n e r a l M e e t i n g 21 APRIL 2022
Slide 5: Table of Contents
Table of FY2021 Summary of Financial Results 03 Contents Key Performance Drivers in FY2021 04 Our Balanced Property Portfolio 05 Investment Properties 06 Development Properties 12 10-Year Financial Summary 16 FY2021 in Summary 17
Slide 6: FY2021 Summary of Financial Results
FY2021 Summary of Financial Results (S$ Million) FY 2021 FY 2020 YoY change Sale of development properties 124.0 0.7 N.M Rental income 223.7 215.0 4.1% FV changes on investment properties 53.1 (32.8) N.M Other income 40.2 3.9 N.M Cost of sales - development projects (104.3) (1.5) N.M Direct rental e
Slide 7: Key Performance Drivers in FY2021
Key Performance Drivers in FY2021 1 2 3 Recurrent income Development sales Profits from joint venture projects • FY2021: S$223.7 million • FY2021: S$124.0 million • FY2021: S$115.5 million • FY2020: S$215.0 million • FY2020: S$0.7 million • FY2020: S$55.4 million 223.7 124.0 115.5 215.0 55.4 0.7 202
Slide 8: Our Balanced Property Portfolio
Our Balanced Property Portfolio • Diversified geographically to reduce concentration risk • Focus on commercial sector – one of the least affected sectors during the pandemic 7% 3% 1% 3% 22% By Geographical By Sector Location 48% FY2021: FY2021: S$6.6 billion S$6.6 billion 39% 77% Singapore United K
Slide 9: Investment Properties - Singapore, London
Investment Properties - Singapore - London The Scalpel, London
Slide 10: Singapore – The Metropolis
Singapore – The Metropolis • This flagship property continues to underpin revenue and profitability for the Group • Asset enhancement initiatives (AEI) was completed in July 2021. About 13,000 sq ft of NLA was added. • New co-working space of approximately 35,000 sq ft started operations this year •
Slide 11: Singapore – Project Update on Elementum
Singapore – Project Update on Elementum • About 445,000 sq ft of biomedical sciences facilities and office space spread over 12 storeys • Strategically located within Biopolis, adjacent to The Metropolis • Integrated with the Rail Corridor • Caters to the rising demand for lab space • Target complet
Slide 12: London, UK – Prime Office Assets
London, UK – 7 Prime Office Assets 1.57m sq ft Total lettable area Ropemaker Place 1 St Martin’s Le Grand 60 St Martin’s Lane 67 Lombard Street ~6 years WALE 110 Park Street Apollo & Lunar House 39 Victoria Street | 9
Slide 13: New Acquisition in 2022 – The Scalpel, London
New Acquisition in 2022 – The Scalpel, London Location 52 Lime Street (adjacent to Lloyds of London) Description 406,000 sq ft of best-in-class freehold Grade A office, spread over 36 storeys Purchase £718 million consideration Acquisition date 7 March 2022 Tenants Reputable tenants from the insuran
Slide 14: The Group's most significant offices are in London's city center
The Group’s most significant offices are in London's city center. Ropemaker Place 1 St Martin’s Le Grand The Scalpel | 11
Slide 15: Development Properties - China, Australia, Singapore
Development Properties - China - Australia - Singapore Seascape, Sentosa Cove
Slide 16: China – Limited Exposure
China – Limited Exposure Qingpu, Tangjiawan & TOD, Nanhu Eco City, Jiangning Science Jinluyuan, Shanghai Zhuhai Tangshan Park, Nanjing Tianjin Ownership interest: Ownership interest: 40% Ownership interest: 20% Ownership interest: 50% Ownership interest: 49% ~8% Total units: Total units: 1,470 Total
Slide 17: Australia – Building Our Landbank
Australia – Building Our Landbank Park Ridge Calamvale Upper Coomera Mickleham Aitken Hill Queensland Victoria 21.16 hectares 3.21 hectares 18.85 hectares 53.82 hectares 68.52 hectares 325 lots 49 lots 196 lots 674 lots 1,156 lots Total acquired in 2021: 2,400 lots Total pipeline: ~4,600 lots | 14
Slide 18: Singapore – Strong Demand in Cove
Singapore – Strong Demand in Cove • Increased interest in Cove, leading to strong sales in Turquoise and Seascape • To-date, >S$220 million of sales achieved since March 2021 • Higher rental reversion with occupancy rate of >95% for remaining units Note: The % indicated in brackets represents the ef
Slide 19: 10-Year Financial Summary
10-Year Financial Summary Total Dividend per Share (S$ cents) 12 10 10 10 10 10 10 8 8 6 7 6 4 5 5 2 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Net Tangible Asset Return on Equity 4,500 7 35% 4,000 6 30% 3,500 5 25% 3,000 2,500 4 20% 2,000 3 15% 1,500 10.8% 2 10% 1,000 500 1 5% 0 0 0% 2012
Slide 20: FY2021 in Summary
FY2021 in Summary 141% improvement in PATMI A robust recurrent income base 10 cents dividend payout | 17
Slide 21: Thank You
THANK YOU.