Ho Bee Land Limited · SGX:H13
Ho Bee Land — Shareholder Meeting (May 2020)
20 slides from Ho Bee Land's shareholder meeting presentation, May 2020
Slide 1: Announcement: Results of the 32nd Annual General Meeting
Ho Bee Land Limited (Co. Reg. No.: 198702381M) ANNOUNCEMENT RESULTS OF THE 32ND ANNUAL GENERAL MEETING Ho Bee Land Limited (the “Company”) wishes to announce the followings: RESOLUTIONS PASSED AT THE 32ND ANNUAL GENERAL MEETING (“AGM”) That pursuant to Rule 704(16) of the Listing Manual (“Listing Ma
Slide 2: Poll results by resolution
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 and resolution against the against the resolution resolut
Slide 3: Abstaining parties, scrutineer and re-appointment of directors
(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 are required to abstain from voting Resolution Number and Details Name Total Number of Shares Ordinary Resolution 3 Bobby Chin Yoke
Slide 4: 32nd Annual General Meeting
32nd Annual General Meeting 19 May 2020 1
Slide 5: Contents
Contents • FY2019 Summary of Financial Results 03 • Key Performance Drivers in FY2019 04 • Our Property Portfolio 05 • Investment Properties 06 • Development Properties 10 • 10-Year Financial Summary 15 • FY2019 In Summary 16 2
Slide 6: FY2019 Summary of Financial Results
FY2019 Summary of Financial Results (S$ Million) FY 2019 FY 2018 YoY change Sales of development properties 3.0 17.2 (82.7%) Rental income 209.4 179.6 16.6% FV gain on investment properties 243.7 121.4 100.8% Other income 8.4 13.4 (37.2%) Total 464.5 331.6 40.1% Cost of sales, operating exp & net fi
Slide 7: Key Performance Drivers in FY2019
Key Performance Drivers in FY2019 1 2 3 Singapore Overseas FV gain from recurrent income recurrent income - Investment – The Metropolis 7 prime London Properties office assets - FY2019: S$96.4 - FY2019: S$111.3 million/ - FY2019: S$243.7 million/ 46% of total 53% of total rental income. million rent
Slide 8: Our Property Portfolio
Our Property Portfolio Diversified geographically to reduce concentration risk Focus on commercial sector – one of the least affected sectors by Covid-19 pandemic 1% 23% 42% By Geographical By Sector Location 50% FY2019: FY2019: S$6.0 billion S$6.0 billion 76% 1% 7% Singapore PRC Australia UK Co
Slide 9: Investment Properties – Singapore, UK (London), Germany (Munich)
Investment Properties – Singapore, UK (London), Germany (Munich) 6
Slide 10: Singapore – The Metropolis
Singapore – The Metropolis The Metropolis – our flagship commercial development NLA approx. 1.1 million sq ft 100% occupancy with blue-chip tenants The Metropolis, Singapore 7
Slide 11: London, UK – Prime Office Assets
London, UK – 7 Prime Office Assets Total lettable area for London portfolio is approx. 1.6 million sq ft 100% occupancy with WALE >5 years Ropemaker Place 1 St Martin’s Le Grand 60 St Martin’s Lane 67 Lombard Street 39 Victoria Street Apollo & Lunar House 110 Park Street 8
Slide 12: 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% Construction to commence in 2021 Completion expected in 2023 (Phase 1) & 2025 (Phase 2) 9
Slide 13: Development Properties – China, Australia, Singapore
Development Properties – China (Shanghai, Tangshan & Zhuhai) Australia (Melbourne & Gold Coast) Singapore 10
Slide 14: China – Residential Properties
China – Residential Properties Shanghai Ownership interest: 40% Total: 1,470 units Fully sold Tangshan Qingpu, Shanghai Nanhu Eco City, Tangshan Ownership interest: 50% Phase 1 & 2: 2,065 units Fully sold Zhuhai Ownership interest: 20% Total: 3,669 units Launched: 2,799 units
Slide 15: Australia – Residential Properties
Australia – Residential Properties Melbourne apartment projects fully sold Rhapsody 88% sold Pearl, Melbourne Set up a local team in 2020 with an initial focus to develop master-planned residential communities Eporo Tower, Melbourne Rhapsody, Gold Coast 12
Slide 16: Singapore Development – Biopolis Phase 6
Singapore Development – Biopolis Phase 6 New biomedical sciences (BMS) facilities catering to a new generation of labs About 445,000 sq ft of BMS and office space 13
Slide 17: Singapore Development – Biopolis Phase 6
Singapore Development – Biopolis Phase 6 Strategically located adjacent to The Metropolis Integrate with the Buona Vista Node of the Rail Corridor When completed (with target completion date in 2H 2022), it will become an exciting precinct & gateway to one-north 14
Slide 18: 10-Year Financial Summary
10-Year Financial Summary Turnover PATMI EPS NTA NTA/share Dividends ROE FY ($M) ($M) (Cents) ($M) ($) (Cents) (%) 2010 600 333 45.2 1,476 2.01 4 25.2% 2011 342 203 28.0 1,645 2.34 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%
Slide 19: FY2019 In Summary
FY2019 In Summary 23.1% improvement in net profit 9.7% Return On Equity A robust recurrent income base 16
Slide 20: Thank You
Thank You