Pollux Properties Ltd. · SGX:5AE
Pollux Properties — FY2016 Earnings Presentation
26 slides from Pollux Properties's earnings presentation, May 25, 2016
Slide 1: Pollux Properties Ltd. FY2016 Financial Results Presentation
POLLUX PROPERTIES LTD. FY2016 FINANCIAL RESULTS PRESENTATION 25TH MAY 2016
Slide 2: Sponsor statement
This presentation has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not inde
Slide 3: Disclaimer
DISCLAIMER This presentation does not constitute, or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Pollux Properties Ltd. (“Pollux”) in Singapore or any other jurisdiction nor shall it or any part of it form the basis
Slide 4: Contents
CONTENTS 1. Financial Highlights 2. Operation Review 3. Market Outlook 4. Going Forward 4 Pollux Properties FY2016 Financial Results Presentation
Slide 5: 1. Financial Highlights
FY2016 FINANCIAL RESULTS PRESENTATION 1. FINANCIAL HIGHLIGHTS 5 Pollux Properties FY2016 Financial Results Presentation
Slide 6: Financial Highlights – Overview
FINANCIAL HIGHLIGHTS – OVERVIEW Revenue increased by 27.4% in FY2016 as compared to FY2015 Earnings per share at 0.27 cents per share in FY2016 Return on equity at 3.26% in FY2016 Note: “FY” refers to the financial year ended 31 March in the respective years. 6 Pollux Properties FY2016 Financi
Slide 7: Financial Highlights for FY2016
FINANCIAL HIGHLIGHTS FOR FY2016 Revenue EBITDA S$48.27m S$6.00m Earnings PATMI Per Share S$1.66m 0.27 cents NAV Per Note 1: No fair value adopted on investment Share ROE properties. 8.10 cents 3.26% Note 2: Investment properties are stated at cost less accumulated deprecation and accumulated impairm
Slide 8: Financial Highlights for FY2016
FINANCIAL HIGHLIGHTS FOR FY2016 Cash & Total Cash Equity Equivalents S$50.78m S$9.94m Gearing Net Debt Ratio S$65.41m 56.30% Loans & Interest Note 1: The interest coverage ratio did not Borrowings Coverage include the interest expense capitalized under development properties. Ratio (1) S$53.93m 3.30
Slide 9: Revenue for the Last Four Financial Years
FINANCIAL HIGHLIGHTS Revenue for The Last Four Financial Years 50 48.27 45 40 37.88 35 30 S$ MILLION 24.12 25 20 15 10.5 10 5 0 FY2013 FY2014 FY2015 FY2016 FINANCIAL YEAR Note: The above financial information is extracted from annual reports / full year announcements of respective years. 9 Pollux Pr
Slide 10: PATMI for the Last Four Financial Years
FINANCIAL HIGHLIGHTS PATMI for The Last Four Financial Years 2.5 2.12 2 1.66 1.5 S$ MILLION 1 0.5 0.23 0.09 0 FY2013 FY2014 FY2015 FY2016 FINANCIAL YEAR Note: The above financial information is extracted from annual reports / full year announcements of respective years. 10 Pollux Properties FY2016 F
Slide 11: 2. Operation Review
FY2016 FINANCIAL RESULTS PRESENTATION 2. OPERATION REVIEW 11 Pollux Properties FY2016 Financial Results Presentation
Slide 12: Operation Review: Highlights for Year 2015 and Year 2016
OPERATION REVIEW Highlights for Year 2015 and Year 2016 Berkeley Residences obtained TOP in December 2015. Metro Loft Residences obtained TOP in January 2016. Garden Park Residences obtained TOP in May 2016. 12 Pollux Properties FY2016 Financial Results Presentation
Slide 13: Revenue in FY2016 by Business Segments
OPERATION REVIEW Revenue in FY2016 By Business Segments REVENUE 11% REVENUE S$’000 PERCENTAGE % Property 5,376 11% Investment Property 42,895 89% Development 89% TOTAL 48,271 100% Property Investment Property Development 13 Pollux Properties FY2016 Financial Results Presentation
Slide 14: Years Revenue by Business Segments
OPERATION REVIEW 4 Years Revenue By Business Segments 50 Property Investment Property Development 42.89 40 36.95 S$ MILLION 30 23.79 20 9.56 10 5.38 0.94 0.33 0.93 0 FY2013 FY2014 FY2015 FY2016 FINANCIAL YEAR FY2013 FY2014 FY2015 FY2016 S$’ MIL S$’ MIL S$’ MIL S$’ MIL Property Investment 0.94 0.33 0
Slide 15: Gross Profit in FY2016 by Business Segments
OPERATION REVIEW Gross Profit in FY2016 By Business Segments GROSS PROFIT GROSS PROFIT S$’000 PERCENTAGE % Property Investment 3,036 59% 41% Property Development 2,080 41% 59% TOTAL 5,116 100% Property Investment Property Development 15 Pollux Properties FY2016 Financial Results Presentation
Slide 16: Years Gross Profit by Business Segments
OPERATION REVIEW 4 Years Gross Profit By Business Segments Property Investment Property Development 3.36 3.5 3.03 3 2.47 2.5 2.08 S$ MILLION 2 1.65 1.5 0.94 1 0.5 0.33 0.33 0 FY2013 FY2014 FY2015 FY2016 FINANCIAL YEAR FY2013 FY2014 FY2015 FY2016 S$’ MIL S$’ MIL S$’ MIL S$’ MIL Property Investment 0.
Slide 17: Development Properties: Completed Projects
DEVELOPMENT PROPERTIES Completed Projects as of 25th May 2016 Project: Park Residences Kovan Location: 831 Serangoon Road Equity Stake: 100% % Sold: 100% Certificate Obtained: TOP, CSC Park Residences Kovan Park Residences Kovan Project: Metro Loft Location: 5 Lorong 27 Geylang Equity Stake: 100% %
Slide 18: Development Properties: Completed Projects
DEVELOPMENT PROPERTIES Completed Projects as of 25th May 2016 Project: Berkeley Residences Location: 11 Lorong N Telok Kurau Equity Stake: 100% % Sold: 100% Certificate Obtained: TOP Berkeley Residences Berkeley Residences Project: Garden Park Residences Location: 25 Lorong M Telok Kurau Equity Stak
Slide 19: Development Properties: Under Construction Projects
DEVELOPMENT PROPERTIES Under Construction Projects as of 25th May 2016 Project: Pavilion Square Location: 345 Geylang Road Equity Stake: 50% % Sold: 100% Estimated Completion: By 2016/17 Pavilion Square Pavilion Square Project: Mayfair Residences Location: 531 East Coast Road Equity Stake: 100% % So
Slide 20: Investment Properties
INVESTMENT PROPERTIES Project Status Retail Shops at Balestier Road 100% tenanted in FY2016. Louis Kienne Serviced Residences at Havelock Road Average 81% occupancy rate in FY2016. 20 Pollux Properties FY2016 Financial Results Presentation
Slide 21: 3. Market Outlook
FY2016 FINANCIAL RESULTS PRESENTATION 3. MARKET OUTLOOK 21 Pollux Properties FY2016 Financial Results Presentation
Slide 22: Private Residential Properties
PRIVATE RESIDENTIAL PROPERTIES Key Indicators 4Q2015 1Q2016 Change 1Q2015 1Q2016 Change Price index 141.6 140.6 -0.7% 145.5 140.6 -3.4% Rental Index 108.9 107.5 -1.3% 112.2 107.5 -4.2% Take up 1,603 1,419 -11.5% 1,311 1,419 +8.2% Pipeline supply 55,638 53,512 -3.8% 68,960 53,512 -22.4% Vacancy rate
Slide 23: Serviced Apartment Outlook
SERVICED APARTMENT OUTLOOK Hotel occupancy drop 0.6% from 85.5% in year 2014 to 85% in year 2015. Leasing transaction figures for Q4 2015 shrunk 18.9% quarter on quarter. Reduced rental budgets and increasing supply of residential properties are fast reducing the cost of accommodation in Singa
Slide 24: 4. Going Forward
FY2016 FINANCIAL RESULTS PRESENTATION 4. GOING FORWARD 24 Pollux Properties FY2016 Financial Results Presentation
Slide 25: Going Forward
GOING FORWARD The Management intends to achieve a balance between investment and development opportunities. We are seeking opportunity to expand our fee-based business, such as hospitality and fund management activities, and to enlarge our portfolio of assets and diversifying our business into overs
Slide 26: Thank You
THANK YOU 26 Pollux Properties FY2016 Financial Results Presentation