Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Uni-Asia Finance — Q1 FY2010 Earnings Presentation
20 slides from Singapore Exchange's earnings presentation, Apr 26, 2010
Slide 1: 1QFY2010 Corporate Update Presentation
1QFY2010 Corporate Update Presentation 26 April 2010
Slide 2: Important Notice
Important Notice 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, pr
Slide 3: Financial Performance, Recent Developments, Market Update/Strategy
1. Financial Performance 2. Recent Developments 3. Market Update/Strategy 3
Slide 4: Financial Performance: Income Statement Highlights
Financial Performance The Company recorded net profit in 1Q FY10 Financial Highlights – Income Statement US$’mil 1QFY10 1QFY09 Change (%) Total Income 11.2 9.8 13 Operating Profit / (Loss) 0.5 (3.5) N.M. Profit / (Loss) for the Period 0.2 (4.8) N.M. Earnings Per Share (US cents per share) 0.05 (1.78
Slide 5: Quarterly movement of net profit/(loss)
Financial Performance The company recorded net profit in 1QFY10 after 6 consecutive period of losses Financial Highlights – Quarterly movement of net profit/(loss) US$’mil 6 4.9 4 2 0.5 0.2 0 1QFY 08 2QFY08 3QFY 08 4QFY 08 1QFY09 2QFY09 3QFY09 4QFY09 1QFY10 -2 -1.2 -2.1 -4 -4.3 -4.8 -4.5 -6 -8 -7.9
Slide 6: Financial Highlights – Balance Sheet
Financial Performance The Company maintains a net cash position Financial Highlights – Balance Sheet US$’mil 31 Mar 2010 31 Dec 2009 Inc / (Dec) Total Assets 149.0 147.8 1.2 Total Liabilities 44.4 43.4 1.0 Total Equity 104.6 104.4 0.2 Total Debt * 36.6 34.8 1.8 Total Cash 61.4 66.4 (5.0) (Net Debt)/
Slide 7: Income Statement – Contribution Breakdown
Financial Performance Income Statement – Contribution Breakdown US$’mil 1QFY10 Revenue 11.2 Operating (Loss) /Profit 0.5 Net (Loss) / Profit 0.2 US$’mil From UAF From CA Revenue 2.0 9.3 UAF = Uni-Asia Finance before consolidation with Capital Fee Income 0.7 1.2 Advisers Group Hotel Income N.A. 8.0 C
Slide 8: Non-consolidated performance of UAF improved
Financial Performance Non-consolidated performance of UAF improved Q-on-Q comparison (UAF) US$’mil 1QFY10 1QFY09 Inc/(Dec) Revenue 2.0 1.4 0.6 Reductions are Fee Income 0.7 2.8 (2.1) mainly due to deconsolidation of Investment Returns 0.9 (1.5) 2.4 ship owning Interest Income 0.2 0.1 0.1 companies f
Slide 9: Net loss amount of CA was reduced from 1QFY09
Financial Performance Net loss amount of CA was reduced from 1QFY09 Q-on-Q Comparison (CA) US$’mil 1QFY10 1QFY09 Inc/(Dec) Revenue 9.3 8.5 0.8 Fee Income 1.2 1.4 (0.2) Investment Returns 0.1 (0.9) 1.0 Hotel Income 8.0 7.9 0.1 Interest Income 0.0 0.0 0.0 Other Income 0.0 0.1 (0.1) Expenses 9.3 9.7 (0
Slide 10: How are our funds employed
Financial Performance How are our funds employed US$’mil Mar 10 Dec 09 Maritime Investment 36.4 31.4 Non-current assets 36.1 31.4 Investments 32.3 27.6 Loan to vessels owning companies 3.8 3.8 Current assets 0.3 0.0 Loan to vessels owning companies 0.3 0.0 Property Investment in China 4.3 4.3 Non-cu
Slide 11: Recent Developments
1. Financial Performance 2. Recent Developments 3. Market Update/Strategy 11
Slide 12: Recent Developments
Recent Developments Increase of UAF’s share interest in Capital Advisers from 92.7 % to 96.9% (April 2010) UAF purchased 750 shares of Capital Advisers at the price of JPY 100/share (≒US$1.1 / share) from minority shareholders UAF’s share interest in Capital Advisers has increased from 92.7% to 96.9
Slide 13: Market Update/Strategy
1. Financial Performance 2. Recent Developments 3. Market Update/Strategy 13
Slide 14: Market Update: Handysize Bulk Carrier Charter Hire
Market Update Update of maritime industry Shipping Market – Handysize Bulk Carrier Charter Hire Movement from 2000 Movement for last 2 years 1yr Period Rates US$/day Baltic Handysize Index 45,000 8,000 Baltic Dry Index 14,000 40,000 (30,000 DWT) 7,000 1yr Period Rates 12,000 35,000 6,000 Baltic Dry
Slide 15: Market Update: Container Vessel Charter Hire
Market Update Update of maritime industry Shipping Market – Container Vessel Charter Hire Movement for last 2 years Movement from 2002 US$/day 40,000 Howe Robinson Charter index 3500TEU 6-12m TC rate 2,500 35,000 4400TEU 6-12m TC rate 30,000 2,000 25,000 1,500 20,000 15,000 1,000 10,000 500 5,000 Ho
Slide 16: Market Update: Product Tanker Charter Hire
Market Update Update of maritime industry Shipping Market – Product Tanker Charter Hire Movement for last two years US$/day Baltic Clean Tanker Index 1,500 Baltic Clean Tanker Index 1,200 900 600 300 0 Source: Bloomberg Charter hire rate has bottomed out, but the recovery is not steady 16
Slide 17: Market Update: Japan Residential Property
Market Update Update of property market in Japan Residential Market Change in unit price of condominium Change in average price of detached % in Tokyo metropolitan area (Y on Y) house in Tokyo metropolitan area (Y on Y) 15 % 4 10 2 0 5 -2 -4 0 -6 -8 -10 -5 -12 -14 -10 Condominium with space from 40
Slide 18: Market Update: Japan Hotel Market
Market Update Update of hotel market in Japan • Occupancy rate in major hotels in Tokyo ↑ to 83.4% (March 2010) (increased by 9.9 % point (Y-o-Y)) - mainly due to increase in business trip customers from Europe and USA • Occupancy rate in major hotels in Osaka ↑ to 80.8% (March 2010) - mainly due to
Slide 19: Our Strategy for 2010
Our Strategy for 2010 Focus on profit for the group • Try to improve profitability in all operating segments of the group by enhancing existing business as well as realising new business opportunities Continue to capitalise on new investment opportunities • Exploring a new opportunity-driven fund wh
Slide 20: Thank You
FINANCE CORPORATION Registration No. CR-72229 ( UNI-ASIA ml Incorporated in the Cayman Islands with limited liability on 17 March 1997 Thank You YOUR TRUSTED PARTNER IN ALTERNATIVE INVESTMENTS