Keong Hong Holdings Limited · SGX:5TT
Keong Hong — Investor Presentation (2015)
29 slides from Keong Hong's investor presentation, 2015
Slide 1: Keong Hong Holdings Limited
KEONG HONG HOLDINGS LIMITED 1
Slide 2: Disclaimer
This document has been prepared and furnished to you solely for the purpose of introducing the information set out herein. This document does not constitute or form part of any offer, solicitation, recommendation or invitation for or in relation to the securities of any company described herein, nor
Slide 3: Agenda
1. Group Overview 2. Singapore Business 3. Overseas Business 4. Financial Highlights 5. Outlook and Strategies 3
Slide 4: 1. Group Overview
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Slide 5: Recent milestones October 2014 to August 2015
October 2014 • Appointment of Intercontinental Hotels Group to manage its first hotel property in Singapore. March 2015 • Acquired 15.12% of Kori Holdings Limited. • If the Company converts its existing S$5 million convertible bond into shares of Kori, the Company will own 24.2% of Kori and will bec
Slide 6: Financial summary FY2012-FY2015
S$ ‘000 FY2012 FY2013 FY2014 FY2015 Revenue 167,360 146,623 272,881 280,289 EBITDA 26,886 27,809 26,194 46,713 EBITDA Margin (%) 16.06% 19.09% 9.60% 16.67% Finance Costs 63 62 320 1,346 Total Assets 125,988 132,346 222,099 337,408 Total Liabilities 74,635 67,138 141,962 225,122 Debt (Borrowings only
Slide 7: Keong Hong Holdings Limited group structure
Principal activities: (1) General and building contractors (2) Mixed construction activities (3) Real estate developer Keong Hong Holdings Limited (4) Hotel developer of 86 East Coast Road (5) Resorts and hotels building contractor (6) Investment holding and trading (7) Investment holding (8) Own, o
Slide 8: Group construction projects
• The Group’s construction projects covers new construction, A&A works of existing buildings, refurbishment and upgrading of existing buildings. • The Group provides a broad range of building construction services for residential, commercial, industrial, infrastructural and institutional projects in
Slide 9: Property development through joint ventures
• Leveraging on our experience and expertise in the building construction sector, the Group has expanded into property development in 2012. • Our strategy to partner reputable property developers and owners to jointly undertake residential development projects enables the Group to share resources wi
Slide 10: Hotel and resort development
• As global tourism is projected to increase over the next ten years, the Group’s expansion into hotel and resort development will provide the Group with recurring income and an added engine of growth. • The Group intends to achieve such expansion through suitable acquisitions, investments, strategi
Slide 11: 2. Singapore Business
Raffles Hospital’s new medical tower
Slide 12: Singapore construction projects
SkyPark Residences (expected TOP 2016) The Amore (expected TOP 2016) Parc Life EC (launching in Jan 2016) (expected TOP 2018) Raffles Hospital’s new medical tower (expected TOP 2017) J Gateway (expected TOP 2016) Paterson Collection (obtained TOP October 2015)
Slide 13: Twin Waterfalls and SkyPark Residences
Twin Waterfalls SkyPark Residences Type Executive Condominium Type Executive Condominium Total Units 728 Total Units 506 Launch Date February 2012 Launch Date November 2013 Sales Status 100% Sales Status 92% Average Selling Price S$698 psf Average Selling Price S$793 psf Group’s Stake 20% Group’s St
Slide 14: Parc Life and The Amore
The Amore Parc Life Parc Life Type Executive Condominium Type Executive Condominium Total Units 378 Total Units 660 Launch Date January 2015 Launch Date January 2016 Sales Status 46% Sales Status n.a. Average Selling Price S$795 psf Average Selling Price n.a. Group’s Stake 15% Group’s Stake 20% Expe
Slide 15: Katong hotel development
131-room Hotel Indigo Singapore Katong 451-room Holiday Inn Express Singapore Katong Food and beverage outlets and retail shops The hotels will be managed by InterContinental Hotels Group, to be opened in 2016 Group holds 20% interest in this joint development 15
Slide 16: 3. Overseas Business
Pullman Maldives Maamutaa Resort
Slide 17: Airport Expansion, Kooddoo
Maamutaa Airport Expansion Island Kooddoo Airport Kooddoo Island in Gaafu Alifu Atoll - expansion of the Kooddoo domestic airport, including infrastructure work for the extension of its existing runway, slated for completion by 2016 17
Slide 18: Kooddoo Island: Mercure Maldives Kooddoo Resort
Kooddoo Island - 68-villa Mercure Maldives Kooddoo Resort - hotel to commence operations in 2016
Slide 19: Kooddoo Island location
• Located in the south of the Maldives, Kooddoo Island is just a short 55 minutes flight from Male • Mercure Kooddoo will be the only Maldivian beach resort directly accessible by domestic plane 19
Slide 20: Maamutaa Island: Pullman Maldives Maamutaa Resort
Maamutaa Island - 120-villa Pullman Maldives Maamutaa Resort - hotel to commence operations in 2018
Slide 21: 4. Financial Highlights
Pullman Maldives Maamutaa Resort
Slide 22: FY2015 financial highlights
S$ ‘million FY2014 FY2015 Change Remarks • Growth in revenue due mainly to higher Revenue 272,881 280,289 2.7% revenue recognition from ongoing projects Gross profit 30,589 29,800 (2.6%) • Decline in gross profit margin was due mainly to higher operating costs such as higher wages, labour levies, sa
Slide 23: Revenue, EBITDA and NPAT
Revenue (S$’000) EBITDA (S$’000) NPAT (S$’000) EBITDA Margin (%) 23
Slide 24: Debt, net worth and coverage ratios
Debt to Tangible Net Worth Tangible Net Worth Debt to Asset EBITDA Coverage 24
Slide 25: 5. Outlook and Strategies
5. Outlook and Stra The Amore
Slide 26: Singapore Construction Industry
Singapore Construction Industry • The average construction demand according to the BCA’s forecast for 2016 and 2017 is between S$27 billion to S$36 billion per annum (1). • The Government’s property cooling measures is also anticipated to continue in 2016. Any further interest rate hikes by the bank
Slide 27: The Maldives Tourism Industry
The Maldives Tourism Industry (2) - Strong demand for new resort construction as well as airport infrastructure to support the growing tourism industry - Traditional honeymoon and high-end tourists for luxury resorts will continue to grow. Recent years there has also been a steady rise in niche mark
Slide 28: Growth strategies
Explore new Focus on projects business Undertake hotel with higher opportunities in and resort Growth and complexity and property development expansion value-add for its development in projects in through joint building Singapore and Singapore, the ventures and construction other countries in Maldiv
Slide 29: Building a Sustainable Future
BUILDING A SUSTAINABLE FUTURE