Soundwill Holdings Limited · HKEX:878
Soundwill — H1 2023 Earnings Presentation
19 slides from Soundwill's earnings presentation, Sep 20, 2023
Slide 1: 2023 Interim Results
= 9A ie Se BB PR 2 =" SOUNDWILL HOLDINGS LIMITED Stock Code: 878.HK 2023 Interim Results *For identification purpose only
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the “Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or
Slide 3: Company Overview
Company Overview Stock Price Performance About Soundwill 8 1.6 Stock code : 878.HK 7 1.4 6 1.2 Listing date : March 1997 5 1 4 0.8 No. of issued shares 3 0.6 : 283,308,635 shares (as at 24 Aug 2023) 2 0.4 1 0.2 Share price (as at 24 Aug 2023) : HK$5.76 0 0 Aug-2022 Oct-2022 Dec-2022 Feb-2023 Apr-202
Slide 4: Milestone
Milestone Causeway Bay Wan Chai 1954 Soundwill Plaza 2004 Soundwill Plaza II - Midtown Kai Kwong Commercial Building 2010 Park Haven 2010 THE SHARP Tai Hang Kwai Chung Jones Hive WarrenWoods 2014 iPLACE 4
Slide 5: Soundwill’s Footprint
Soundwill’s Footprint Industrial Residential Commercial Property Investment Kai Kwong Commercial Building 5
Slide 6: Property Redevelopment Strategies
Property Redevelopment Strategies 5 years or above • Property investment & leasing – 3-5 years self-development of commercial • Property Development – self- properties in prime areas development of residential / commercial / industrial 1-3 years properties for resale Kai Kwong • Sale of un-developed
Slide 7: 2023 Interim Results
2023 Interim Results
Slide 8: 2023 Interim Results Highlights
2023 Interim Results Highlights Turnover Revenue Revenue by business segments Property HK$ mil Development 9% (16%) Building Management & Other Services 5% (5%) 478.4 Property Leasing 270.3 212.3 86% (79%) FY2022 1H2022 1H2023 (Comparative figures of FY2022 in parentheses) Revenue composition ￭ Decr
Slide 9: Earnings
Earnings Adjusted Profit* Basic (Loss)/Profit Per Share HK$ mil HK$ 0.22 FY2022 1H2022 1H2023 (0.95) (1.23) 210 117 124 FY2022 1H2022 1H2023 * Exclude net loss on fair value adjustments on investment properties, loss on disposal of subsidiaries, investment properties and impairment loss on loan rece
Slide 10: Financial Highlights
Financial Highlights As at 31 Dec 2022 As at 30 Jun 2023 Change (HK$ mil) (HK$ mil) Total assets 22,233 22,044 ↓0.85% Net assets 19,176 18,751 ↓2.22% Cash and bank deposit 1,395 1,451 ↑4.01% Total borrowings 1,775 1,975 ↑11.3% Gearing ratio* 9.3% 10.5% ↑1.2 p.p Net of cash gearing ratio# 2.0% 2.8% ↑
Slide 11: Business Overview
Business Overview
Slide 12: Grade-A Investment Portfolio – Commercial (Soundwill Plaza)
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay Times Square Soundwill Plaza, Causeway Bay 時代廣場 Total leasing GFA : 245,105 sq. ft. Russell St 羅素街 Prime location in one of the world’s most expensive districts Canal Road 堅拿道 Destination
Slide 13: SWP Current Tenants (as at Jun 2023)
SWP Current Tenants (as at 30 Jun 2023) 3-39/F 駿馬鐘錶 Street level 13
Slide 14: Grade-A Investment Portfolio – Soundwill Plaza II - Midtown
Grade-A Investment Portfolio – Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Soundwill Plaza II - Midtown, Causeway Bay Times Square Growth Driver Total leasing GFA : 218,000 sq. ft. 時代廣場 Quality tenants: Russell St 羅素街 Canal Road 堅拿道 Tang Lung St 登
Slide 15: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial Investment property 10 Knutsford Terrace, Tsim Sha Tsui Total leasing GFA : approx.114,000 sq. ft. New leasing specifications Floor GFA (sq. ft.) Occupancy rate G/F – 3/F 20,000 100% 4/F – 23/F 94,000 74% Total 114,000 79% Kai Kwong Commercial Building,
Slide 16: Grade-A Investment Portfolio – Commercial
Grade-A Investment Portfolio – Commercial Investment property THE SHARP, Causeway Bay (G/F retail space retained for investment purpose) Total leasing GFA : approx.5,968 sq. ft. New leasing specification Floor GFA (sq. ft.) Occupancy rate G/F – 2/F 4,570 100% Shops 1-3 G/F Shop A 1,398 100% 16
Slide 17: Land Bank & Development Timeline
Land Bank & Development Timeline Project location Development plan Commercial development Causeway Bay Site area: 2,952 sq. ft. Yiu Wa St. and Canal Road East GFA: 44,000 sq. ft. 耀華街及堅拿道東 Construction of superstructure has already commenced Industrial complex Site area: 20,000 sq. ft. iC
Slide 18: Appendix
Appendix
Slide 19: Shareholding / Corporate Structure
Shareholding / Corporate Structure Chairman Other Public Shareholders CHAN Hing Tat **74.32% 25.68% Property and Property Property Building Management Leasing Development No. of issued shares : 283,308,635 shares (as at 24 Aug 2023) * For identification purpose only ** approximately 74.29% held by a