Keong Hong Holdings Limited · SGX:5TT
Keong Hong — Investor Presentation (2016)
28 slides from Keong Hong's investor presentation, 2016
Slide 1: Corporate Presentation FY2016
CORPORATE PRESENTATION FY2016 rN <> KEONG HONG HOLDINGS LIMITED
Slide 2: Disclaimer
This document has been prepared and furnished to you solely for the purpose of introducing the information set out herein. This document does not constitute or form part of any offer, solicitation, recommendation or invitation for or in relation to the securities of any company described herein, nor
Slide 3: Agenda
1. Group Overview 2. Singapore Business 3. Overseas Business 4. Financial Highlights 5. Outlook and Strategies
Slide 4: 1. Group Overview
1. Group Overview Parc Life
Slide 5: Corporate milestones
September 2015 • Keong Hong moved into its new corporate headquarters at 9 Sungei Kadut, enabling the Group to consolidate and strengthen its operations to bring about a leaner, more effective structure. October 2015 • Replicating its property development model in Singapore, the Group took a 15% sta
Slide 6: Group structure of Keong Hong Holdings Limited
Keong Hong Holdings Limited 100% Keong Hong (1) Grandwood (3) KH Land Pte Ltd (1) KH Capital Pte Ltd (2) Construction Pte Ltd Holdings Pte Ltd 20% Punggol Residences 20% Sembawang 100% Grandwood 95% KHA Resorts & Hotels 5% Pte Ltd Residences Pte Ltd Construction (Japan) Pte Ltd (Maldives ) Pvt Ltd 2
Slide 7: 2. Singapore Business
2. Singapore Business Raffles Hospital Extension
Slide 8: Construction order book of S$351 million
Visible pipeline with construction order book standing at S$351 million, providing the Group with a sustainable flow of activities through the end of financial year 2018. SkyPark Residences EC (obtained TOP in August 2016) The Amore EC (obtained TOP in November 2016) Parc Life EC (expected TOP 201
Slide 9: Strategy to partner property developers in joint ventures
• Our strategy to partner reputable property developers and owners to jointly undertake residential development projects enables the Group to share resources with business partners and manage any business risks associated with the property development projects. • The Group has been appointed the mai
Slide 10: Twin Waterfalls and SkyPark Residences
Twin Waterfalls SkyPark Residences Type Executive Condominium Type Executive Condominium Total Units 728 Total Units 506 Launch Date February 2012 Launch Date November 2013 Sales Status 100% Sales Status 99.8% Average Selling Price S$698 psf Average Selling Price S$793 psf Group’s Stake 20% Group’s
Slide 11: Parc Life and The Amore
The Amore Parc Life Type Executive Condominium Type Executive Condominium Total Units 378 Total Units 628 Launch Date January 2015 Launch Date April 2016 Sales Status 100% Sales Status 22% Average Selling Price S$795 psf Average Selling Price S$770 – S$800 psf Group’s Stake 15% Group’s Stake 20% TOP
Slide 12: Residential condominium at Siglap Road
Residential condominium at Siglap Road Type Private Condominium Total Units 841 Launch Date First Half 0f 2017 Tender Price S$624.18 million Site Area 19,309.6 m2 Group’s Stake 20% 12
Slide 13: Hotel and resort development expansion
• Global tourism is projected to increase over the next ten years, the Group’s expansion into hotel and resort development will provide the Group with recurring income and an added engine of growth. • The Group intends to achieve such expansion through suitable acquisitions, investments, strategic a
Slide 14: 3. Overseas Business: Maldives
Pullman Maldives Maamutaa Resort
Slide 15: Kooddoo Airport Extension
Maamutaa Kooddoo Airport Extension Island Kooddoo Airport Kooddoo Island in Gaafu Alifu Atoll - expansion of the Kooddoo domestic airport, including infrastructure work for the extension of its existing runway, slated for completion by 2016 15
Slide 16: Mercure Maldives Kooddoo Resort
• Located in the south of the Maldives, Kooddoo Island is just a short 55 minutes flight from Male • Mercure Maldives Kooddoo will be the only Maldivian beach resort directly accessible by domestic plane • 68-villa Mercure Maldives Kooddoo Resort to commence operations in the first half of 2017 16
Slide 17: Pullman Maldives Maamutaa Resort
• Construction works on Pullman Maldives Maamutaa Resort have commenced • The 120-villa upscale resort is expected to be completed in 2018 17
Slide 18: Commercial property in Honmachi, Osaka
• The 9-storey commercial property is a 2-minute walk from Honmachi subway station, has a net rentable area of 1,686 square metres and land size of approximately 344.65 square metres • The property is mainly occupied by offices and is currently 85% tenanted 18
Slide 19: Holiday Inn Express and Hotel Indigo Singapore Katong
Holiday Inn Express Singapore Katong and Hotel Indigo Singapore Katong
Slide 20: FY2016 financial highlights
FY2016 FY2015 S$ ‘million Change Remarks Unaudited Audited • Decline in revenue was mainly due to lower revenue recognition from new projects which were at initial Revenue 248,014 281,984 (12.0%) revenue recognition stage and projects which had largely completed in the last financial year Gross prof
Slide 21: Revenue (S$248.0 million)
Revenue (S$248.0 million) 21
Slide 22: Revenue, EBITDA and NPAT
Revenue (S$’000) EBITDA (S$’000) NPAT (S$’000) EBITDA Margin (%) 22
Slide 23: Tangible net worth, debt and EBITDA coverage
Tangible Net Worth Debt to Tangible Net Worth Debt to Asset EBITDA Coverage 23
Slide 24: Dividends per share
4.5 cents 3.5 cents 2.5 cents 2.25 cents 24
Slide 25: 5. Outlook and Strategies
5. Outlook and Strategies es QTE: J = ee TN Mercure Maldives Kooddoo, Rime Maldives. |
Slide 26: Outlook
Building Construction • According to statistics released by Ministry of Trade and Industry, the construction sector grew by 1.6 per cent in the third quarter of 2016, a contraction from 2.0 per cent in the previous quarter1. • The slowdown in the construction sector was due to a sharper decline in p
Slide 27: Strategies
Seek overseas Focus on investment Undertake hotel building opportunities in and resort construction Expansion mature and stable development projects in through suitable economies such as projects in commercial, joint ventures Japan and Australia Singapore, industrial and and acquisitions as well as
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