Fraser & Neave Ltd. · SGX:F99

Fraser & Neave — 1H 2003 Earnings Presentation

9 slides from Fraser & Neave's earnings presentation, 2003

  1. Slide 1: Report by Operation: Properties

    Report by Operation…. Properties Mr Jeffrey Heng

  2. Slide 2: Financial Results 1H 2003

    Financial Results 1H 2003 +46% $507m 600 500 $347m 400 +29% 300 $143m 1H 2003 $111m 1H 2002 200 100 0 REVENUE PBIT (before EI)

  3. Slide 3: Group Revenue & Profit Analysis

    Financial Results 1H 2003 Group Revenue & Profit Analysis 2% 5% 11% 0% 13% 61% 26% 82% REVENUE PBIT (before EI) Serv. Apt Office/Ind'l Retail Development

  4. Slide 4: Financial Results 1H 2003

    Financial Results 1H 2003 § Development profit up 69% to $87m - securitisation of Compass Point § Investment profit dropped slightly to $56m - lower occupancy at FSR

  5. Slide 5: Operational Review: Development Properties

    Operational Review Development Properties § Revenue from residential sales reduced by 9% to $230m due to weak economic outlook, war on Iraq and SARS § Launches of new projects deferred: u Lakeholmz (369 units) u Ris Grandeur (453 units)

  6. Slide 6: Operational Review: Investment Properties

    Operational Review Investment Properties § Retail centres maintained profit contribution at 65% § Office return weakened by 13% § FSR turned in weaker profit - sensitive to geo-political instability and SARS § Adequate procedures implemented to protect against SARS

  7. Slide 7: Operational Review: Investment Occupancy

    Operational Review Investment Occupancy as at Properties 31 Mar 2003 (%) Malls of Centrepoint 98 FSR 70 Office & Industrial 96 Properties

  8. Slide 8: Market Outlook

    Market Outlook § Uncertain economic outlook and job security will continue to bear on: u Moderate pick up in residential sales u Rental and occupancy stability in investment properties

  9. Slide 9: Going Forward

    Going Forward § Strategies are in place to meet the profit target: § Stable profit contribution from investment properties § Mass market appeal of residential stocks (~ 1,800 units), i.e. 99-year condos and executive condos § Incremental profit from overseas projects

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