UOL Group Limited · SGX:U14
UOL — Nomura Asia Equity Forum 2011
25 slides from UOL's conference presentation, Jun 14, 2011
Slide 1: Nomura Asia Equity Forum Corporate Presentation
Nomura Asia Equity Forum Corporate Presentation 14 June 2011 1
Slide 2: Agenda
• COMPANY OVERVIEW • 1Q2011 RESULTS OVERVIEW • OPERATION HIGHLIGHTS • Q&A 2
Slide 3: Company Overview
EUSA RRA A] UOL Group Limited COMPANY OVERVIEW
Slide 4: Group's Total Assets of S$7.98 billion as at 31 March 2011
• Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development (residential units for sale) - Property investments (offices, retail malls and serviced suites) - Hotel operations (owned and/or managed hotels) • Award-winning developer noted for architectural
Slide 5: Stable Management Team and Strengths
Stable Management Team Strong Nimble & Capital Focused on Position Strategic Fit Well Proven Track Diversified Record Portfolio Design & Quality Excellence 5
Slide 6: Group structure and business segments
Residential Developments Property Wholly-owned projects Development Joint-venture projects Commercial Properties/Serviced Suites Wholly-owned properties Property Joint-venture properties Investments UNITED INDUSTRIAL CORPORATION LIMITED (42%) MARINA CENTRE HOLDINGS PTE LTD (23%) Hotel Investments UO
Slide 7: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Japan, Bangladesh, USA & Canada 7
Slide 8: Ten-year financial summary
CAGR 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 % Revenue (S$m) 349.8 509.0 461.9 461.2 505.5 605.1 713.5 899.2 1,007.1 1,294.6 15.4 Profit before fair value and other gains/(losses) 103.2 200.1 115.9 485.6 149.3 158.6 273.3 351.5 429.9 543.9 20.3 (S$m) Profit before income tax 115.8 280.5 12
Slide 9: Revenue, PATMI, Total Assets and Market Capitalisation
Revenue PATMI 1,400.0 800.0 700.0 CAGR 30.2% 1,200.0 CAGR 15.4% 600.0 1,000.0 500.0 800.0 400.0 600.0 300.0 400.0 200.0 200.0 100.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total Assets Market Capitalisation 9,000.0 4,000.0 8,000.0 C
Slide 10: Contribution by Business Segments (as at 31 Dec 2010)
Contribution by Business Segments (as at 31 Dec 2010) EBITA* (%) Total Assets** (%) 2.8 45.0 12.4 13.9 0.5 51.8 9.2 0.4 39.3 24.5 *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains/losses on investment properties Property development Property investmen
Slide 11: Awards and recognition
Newton Suites • FIABCI Prix d’Excellence Award • The Aga Khan Award for Architecture • Urban Land Institute Awards for Excellence • President’s Design Award • BCA Green Mark GoldPlus Award • IR Magazine SEA Awards • BCI Asia Top 10 Developer Awards • Singapore Retailers Association (SRA) Awards • Wo
Slide 12: 1Q2011 Results Overview
EUSA RRA A] UOL Group Limited 1Q2011 RESULTS OVERVIEW
Slide 13: 1Q2011 income statement results
1Q 2010 % % S$m 1Q 2011 FY 2010* FY 2009* (Restated) Change Change Revenue 725.1 358.9 +102 1,294.6 1,007.1 +29 Profit before fair value and 332.3 138.3 +140 543.9 429.9 +27 other gains/(losses) Negative goodwill on acquisition of interests in 0.9 4.0 -78 50.3 281.1 -82 associated companies Profit b
Slide 14: 1Q2011 balance sheet and key ratios
FY 2010 % % 1Q 2011 FY 2010* FY 2009* (Restated) Change Change Net tangible asset value per S$6.23 S$5.90 +6 S$6.05 S$5.25 +15 share Return on equity n.a n.a n.a 15.7% 10.2% +54 Total equity S$5,250m S$5,035m +4 S$5,207m S$4,608m +13 Cash S$377m S$313m +20 S$313m S$281m +11 Net debt S$1,818m S$1,877
Slide 15: Revenue by Business Segments
(S$m) Revenue by Business Segments Variance 1Q2011 vs 1Q2010 (Restated) +151% 602.0 240.0 1Q 2011 1Q 2010 +7% +2% 79.1 77.7 +3% 39.2 36.6 4.8 4.6 Property Property Hotel operations Management development investments services Segment Contribution 1Q 2011 (%) 1Q 2010 (%) Property development 83 67 Pro
Slide 16: Operation Highlights
EUSA RRA A] UOL Group Limited OPERATION HIGHLIGHTS
Slide 17: New land acquisitions: Lion City Hotel site and Bedok Reservoir Road
Lion City Hotel site and adjoining Hollywood Theatre site in Jan 2011 • Site area 13,740 sq m • Near existing Paya Lebar MRT Interchange • Mixed development • 100% stake LION CITY HOTEL SITE Bedok Reservoir Road site in March 2011 • Site area 46,623 sq m, plot ratio 1.4 • 5-storey, est.600 units • N
Slide 18: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % Complete Approx. Equity Units Area (as at 31.05.11) (as at 31.05.11) TOP Date Stake (sq m) Duchess Residences 70 120 19,800 98 100 TOP Breeze by the East 100 88 16,120 100 100 TOP Nassim Park Residences 50 100 38,440 97
Slide 19: Over 1,000 residential units in overseas pipeline
Over 1,000 residential units in overseas pipeline Project Name/Location Site Area Est. Est. % Owned (sq m) Saleable Area No. of (sq m) Units Shanghai (Changfeng) 39,540 77,800 600 40 **Mixed development Tianjin (Hai He) 22,895 42,960 522 90 *Mixed development KL (Jalan Conlay) 15,986 81,220 494 60 T
Slide 20: Office, retail and serviced suites properties
Net Lettable Area (sq m)/ *GFA (sq m) Office properties Novena Square 38,960 United Square 27,205 Odeon Towers 18,412 Faber House 3,890 SubTotal 88,467 Pipeline Tianjin (Hai He) 12,283 Office component of mixed development Total 100,750 Retail properties Novena Square shopping mall 15,817 United Squ
Slide 21: Hotel portfolio and confirmed pipeline
Existing Confirmed Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brands Pan Pacific 16 5,111 3 964 PARKROYAL 11 3,266 4 1,072 Others 2 595 - - Total 29* 8,972 7 2,036 By Ownership Type Owned 18 5,546 3 881 Managed 11 3,426 4 1,155 Total 29 8,972 7 2,036 * As at 31 May 2011. 21
Slide 22: Strategy and outlook
• Adopt a nimble and prudent stance to replenish land bank in Singapore • Improve property yield through positive renewal, tenancy remix & asset enhancement • Maintain good balance between recurring income versus development profit • Measured expansion into overseas markets to diversify revenue driv
Slide 23: 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 24: Thank You
THANK YOU For more information, visit www.uol.com.sg or www.pphg.com. 24
Slide 25: Q&A
EUSA RRA A] UOL Group Limited Q&A