Slide 1: 1H FY24 Results Presentation
1H FY24 Results Presentation 14 August 2024
Slide 2: Disclaimer
Disclaimer ProsperCap Corporation Limited (“ProsperCap” or the “Company”) was listed on Catalist of the SGX-ST via a reverse takeover (“RTO”) on 26 January 2024. PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor") was the sponsor and financial adviser to the RTO. This presentation is prepared
Slide 3: Agenda
1 Key Highlights Agenda 2 Financial Review 3 Portfolio Review 4 Outlook & Growth Strategy 5 Appendix 3
Slide 4: Key Highlights
1 Key Highlights
Slide 5: 1H FY24 Key Highlights
1H FY24 Key Highlights 1H FY24 1H FY23 1H FY24 1H FY23 Revenue (1) 116.0 Occupancy 76.5 S$116.0m 76.5% 112.6 77.9 ▲3.0% 1.4% (4) Gross Profit (1) ADR 99.90 S$62.0m 62.0 £99.90 ADR 61.8 96.85 ▲0.2% ▲3.1% Normalised loss before tax RevPAR(5) S$(6.7)m (6.7)(2) RevPAR £76.41 76.41 ▲1.3% 75.44 66.9% (21.
Slide 6: Financial Review
2 Financial Review
Slide 7: 1H FY24 Financial Performance
1H FY24 Financial Performance 1H FY24 (S$’m) 1H FY23 (S$’m) YoY Change (%) Revenue 116.0 112.6 3.0% Gross Profit 62.0 61.8 0.2% Net finance costs (20.5) (29.9) 31.4% (Loss)/profit before tax (19.7) 46.1 N.M. Normalised loss before tax (“Normalised LBT”) (6.7) (20.3) 66.9% N.M. denotes not meaningful
Slide 8: 1H FY24 Balance Sheet
1H FY24 Balance Sheet As at 30 June 2024 As at 31 December 2023 (S$’m) (S$’m) Re-presented (1) Property, plant and equipment 801.6 784.8 Other non-current assets 38.5 43.0 Current assets 41.9 47.5 Total Assets 882.0 875.3 Loans and Borrowings 492.9 488.2 Other liabilities 114.3 174.0 Total Liabiliti
Slide 9: Capital Management
Capital Management As at 30 June As at 31 December 2024 2023 As at 30 June 2024 As at 31 December 2023 Total equity (S$’000) 274,858 213,043 2.54 Net Debt (S$’000) (1) 495,009 541,048 1.80 Net Debt/ Total equity 1.80 2.54 Net Debt/ Property value (2) 0.62 0.69 0.62 0.69 (1) Net debt is equal to inte
Slide 10: Portfolio Review
ProsperCap = aT + Portfolio : Review 5 GESESSRoay
Slide 11: Portfolio Review
Portfolio Review Tenor IHG Leasehold 9 Hilton 59% 6 Freehold & Long Marriott leasehold (1) 41% 2 Hotel Management Structure ProsperCap operates its 17 hotels under franchise agreements with renowned international hotel brands such as IHG, Hilton and Marriot, to leverage their brand equity, standar
Slide 12: Key Performance Indicators
Key Performance Indicators 1H FY24 Actual 1H FY23 Actual % Change 1H FY23 % Change (w/o CPSF)(1) Occupancy 76.5% 77.9% (1.4%) 77.8% (1.3%) ADR (£) 99.90 96.85 3.1% 96.70 3.3% RevPAR (£) 76.41 75.44 1.3% 75.19 1.6% Revenue (£’000) 67,942 67,947 0.0% 65,632 3.5% Gross Operating Income (GOI) 36,446 36,
Slide 13: Portfolio Operating Performance
Portfolio Operating Performance Revenue by Geography (%) 2.9 Revenue by Type (%) 2.6 2.5 2.3 14.9 13.1 Accommodation 27.1 27.1 F&B 1H FY24 England 1H FY23 1H FY24 1H FY23 Leisure Scotland 67.5 68.0 Others 85.1 86.9 (1) (1) (1) Occupancy Rate (%) ADR (£) RevPAR (£) 79.5 77.9 97.72 99.44 96.85 99.90 7
Slide 14: Outlook & Growth Strategy
Outlook & : Growth Strategy maa.
Slide 15: Operating Environment in the UK
Operating Environment in the UK Key Economic Indicators (1) UK Hospitality Market Outlook (3) Major players*: Market Size (#039;bil) GDP growth • Travelodge ▲ 0.7% QoQ • IHG (vs 0.6% initial estimate) • Accor CAGR(4): 2.53% 65.0 • Whitbread Low unemployment rate • Marriott 4.4% for 3 months to May 2024
Slide 16: Growth Strategies
Growth Strategies Investment Strategy Capital Deployment • Investments may include acquiring existing assets • Focuses on investing in the hospitality industry, at with existing operating agreements or entering into initial phase partnerships with established operators or • Expand to other real esta
Slide 17: Thank You
Thank You ProsperCap Corporation Limited ir@prospercap.com www.prospercap.com 17
Slide 18: Appendix
A Ss vee ee JA j/aue
Slide 19: Overview
Overview ProsperCap – a real estate investment and management platform based in ProsperCap’s Shareholding Structure(1) Singapore and publicly listed on the Catalist of the Singapore Exchange (SGX). The company was established with the objective of building a portfolio of multiple real estate asset c
Slide 20: Key Milestones
Key Milestones December 2019 2020 - 2023 January 2024 DTGO’s Acquisition Asset Enhancement Listed on SGX Programme DTGO acquired a portfolio of 17 hotel The Company initiated hotel Changed name to ProsperCap and assets from Bryant Park Funding upgrades to meet respective brand commenced trading on S
Slide 21: Hotel Overview
Hotel Overview DoubleTree by DoubleTree by DoubleTree by Hilton Garden Inn Hilton Garden Inn Hilton Chester Hilton Leeds Hilton Manchester Bristol Birmingham Tenor Freehold Long leasehold(4) Long leasehold(4) Leasehold Leasehold Unexpired Term (years)(1) N/A 938 232 100 116 Franchisor Hilton Hilton
Slide 22: Hotel Overview (cont’d)
Hotel Overview (cont’d) Hilton Garden Inn Crowne Plaza Chester Crowne Plaza Glasgow Crowne Plaza Harrogate Glasgow Tenor Freehold Leasehold Leasehold Leasehold Unexpired Term (years) (1) N/A 93 89 86 Franchisor Hilton IHG IHG IHG Keys 164 160 283 214 Gross Internal Area (sqft) 68,000 199,000 200,000
Slide 23: Hotel Overview (cont’d)
Hotel Overview (cont’d) Crowne Plaza Crowne Plaza Stratford- Crowne Plaza Plymouth Crowne Plaza Solihull Nottingham Upon-Avon Tenor Long leasehold(4) Freehold Leasehold Leasehold Unexpired Term (years)(1) 960 N/A 92 75 Franchisor IHG IHG IHG IHG Keys 210 (3) 211 120 259 Gross Internal Area (sqft) 31
Slide 24: Hotel Overview (cont’d)
Hotel Overview (cont’d) Holiday Inn AC Hotel by Marriott AC Hotel by Marriott Hotel Indigo Liverpool Peterborough West Birmingham Manchester Tenor Leasehold Freehold Leasehold Leasehold Unexpired Term (years) (1) 117 N/A 107 130 Franchisor IHG IHG Marriott Marriott Keys 133 151 90 142 Gross Internal