Sing Holdings Ltd. · SGX:5IC
Sing — Shareholder Meeting (April 2024)
17 slides from Sing's shareholder meeting presentation, Apr 26, 2024
Slide 1: AGM 2024 Presentation
AGM 2024 Presentation Friday, 26 April 2024 at 3.00 PM Pride in Delivering Quality Developments
Slide 2: Thank You for Journeying with Us
Thank You for Journeying with Us
Slide 3: Disclaimer
Disclaimer This presentation may contain statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in such statements as a result of a number of risks, uncertainties and assumptions. Past performance is not necessarily
Slide 4: Agenda
Agenda • Financial Performance for FY2023 • Financial Position as at 31 December 2023 • Ten-Year Net Asset Value Chart • Dividend for FY2023 • Ten-Year Dividend Chart • Three-Year Stock Chart • Update on Properties • Outlook and Prospects
Slide 5: Financial Performance
Financial Performance ($’000) 2023 2022 % Change Revenue 5,826 62,011 (91%) Gross profit 12,921 21,162 (39%) Profit for the year 10,064 13,352 (25%) Profit attributable to shareholders 7,970 10,843 (26%) Earnings per share (in cents) 1.99 2.70 (26%) • Revenue decreased by 91% to $5.8 million due to
Slide 6: Financial Position
Financial Position ($’000) 2023 2022 % Change Cash and cash equivalents 83,150 102,427 (19%) Interest-bearing bank loans 294,125 294,125 - Net debt to equity ratio 0.7 times 0.7 times - Equity attributable to shareholders 317,532 314,982 < 1% Net asset value per share (in cents) 79.19 78.55 < 1% • C
Slide 7: Ten-Year Net Asset Value Chart
Ten-Year Net Asset Value Chart ($’000) Net asset value attributable to shareholders 350,000 $317.5m (79.19 cents/share) 300,000 250,000 $220m 200,000 150,000 100,000 50,000 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Slide 8: Dividend for FY2023
Dividend for FY2023 Final dividend 1.00 cent per share, one-tier tax exempt Type of dividend Cash Ex-dividend date Thursday, 2 May 2024 Payment date Wednesday, 15 May 2024 Based on the profit reported for FY2023, the Board is recommending a dividend rate of 1.00 cent per share. This equates to a pay
Slide 9: Ten-Year Dividend Chart
Ten-Year Dividend Chart 4.46% 2.0 4.5% 3.91% 4.04% 1.8 4.0% 1.85 1.6 3.5% 1.4 3.08% 3.03% 2.99% 1.375 3.0% 2.67% 2.74% 1.2 1.25 1.20 2.5% (cents) 2.27% 2.47% 1.0 1.00 1.00 1.00 1.00 1.00 1.00 2.0% 0.8 1.5% 0.6 1.0% 0.4 0.2 0.5% 0.0 0.0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Dividend per
Slide 10: Three-Year Stock Chart
Three-Year Stock Chart 22 April 2024 Source: Reuters Share price continues to be affected by elevated interest rates and global uncertainties.
Slide 11: Executive Condominium Development – North Gaia
Update on Properties Executive Condominium Development – North Gaia Artist’s Impression
Slide 12: Update on Properties: North Gaia
Update on Properties • Land tender price at $373.5 million ($576 psf ppr) • Located at Yishun Close, opposite Khatib Bongsu Nature Park • 99-year leasehold executive condominium • Site area of 21,514 sq. m. • Gross floor area of 60,240 sq. m. • 11 blocks of 14-storey buildings with 616 apartment uni
Slide 13: Update on Properties: Sales update
Update on Properties Sales update as of 25 April 2024: • Options issued 461 units (75%) • Sales value $650.6 million • Average sales price $1,303 psf • Revenue to be recognised upon purchasers meeting eligibility conditions at TOP stage.
Slide 14: Hospitality Asset – Travelodge Docklands
Update on Properties Hospitality Asset – Travelodge Docklands • Located in Melbourne, Australia • 14-storey building with 291 rooms • Freehold, limited service hotel • Walking distance to Southern Cross Railway Station and Marvel Stadium • Close proximity to tourist attractions and commercial buildi
Slide 15: Update on Properties: Hotel performance in FY2023
Update on Properties Hotel performance in FY2023: • Business has picked up with the return of sporting events, concerts and other activities. • Corporate guest demand has also increased gradually with more business travel. • Occupancy rates have improved. ➢ whole of 2023 – 70% (2022 – 64%) • The hot
Slide 16: Industrial Properties – BizTech Centre
Update on Properties Industrial Properties – BizTech Centre • Freehold light industrial building • Located along Aljunied Road • Walking distance to the Mattar MRT station • Owns 24 strata units totaling 2,268 sq. m. • Occupancy rate at 83%
Slide 17: Outlook and Prospects
Outlook and Prospects • Management remains cautious on the outlook of Singapore economy for 2024 as uncertainties continue to loom the global environment. • While global inflation is expected to moderate and interest rates to soften in 2024, there are significant downside risks such as the ongoing w