15 slides from City Developments's shareholder meeting presentation, Apr 24, 2008
Slide 1: Shaping our Landscape
Shaping our Landscape 24 April 2008 Annual General Meeting Presentation Outline Performance Review Operations Review Moving Forward in 2008 St. Regis Hotel & Residences Singapore 1
Slide 2: Performance Review: Revenue
Performance Review Performance Review Revenue Record Record $ million Year! Year! 3,500 3,106 3,000 2,380 2,374 2,547 2,500 2,326 2,227 2,289 2,000 1,500 2001 2002 2003 2004 2005 2006 2007 Year Note : The above financial information is extracted from yearly announcements. 2
Slide 3: Summary of Financial Highlights
Performance Review Summary of Financial Highlights % 2006 2007 Change Revenue ($m) 2,547 3,106 22.0 Profit before tax ($m) 692 955 38.0 Profit after tax and MI ($m) 352 725 106.0 Basic Earnings Per Share (cents) 37.0 78.3 111.6 Performance Review Residential Units Booked / Sold Sales Value* No. of U
Slide 4: Dividends
Performance Review Dividends Ordinary Dividend Per Share Year 2005 Year 2006 Year 2007 Year 2004 Final: 7.5 cents Special Interim: 10.0 cents Final: 7.5 cents Final: 7.5 cents Special Proposed Special - Interim: 7.5 cents - Final: 7.5 cents - Interim: - - Final: 10.0 cents - Special: 12.5 cents - Fi
Slide 5: Residential Launches
Operations Review (1) Residential Launches The Solitaire Cliveden at Grange One Shenton Artist’s impressions Operations Review (1) Residential Launches Botannia Wilkie Studio Artist’s impressions 5
Slide 6: Local Acquisitions
Operations Review (2) Local Acquisitions • Approximately $1.345 billion (including the Group’s share of JV projects) • The largest acquisition was South Beach, a highly-coveted site at the Civic District • CDL-led international consortium was awarded the 1.6 million square feet GFA site at a tender
Slide 7: Global Acquisitions and Land Bank
Operations Review (2) Global Acquisitions 2007 Global Acquisitions Date South Korea – Incheon August Joint development of 1.55 million sqm integrated commercial, hotel and residential project with DC Chemical Company Limited Russia – Soft Proekt October Acquisition of 50% stake in Soft Proekt, owner
Slide 8: Hotel
Operations Review (3) Hotel • Twin strategy of being both a hotel owner and operator through Millennium & Copthorne Hotels plc (M&C) Grand Millennium Sukhumvit Bangkok Grand Millennium Kuala Lumpur Operations Review (3) Hotel • Hotels as real estate assets - Cash generation capabilities - Capitalise
Slide 9: Awards & Accolades: CSR Commitment
Operations Review (4) Awards & Accolades A long-standing commitment to CSR Our CSR Commitment is integral to our Corporate Mission: To be a responsible corporate citizen who creates value for stakeholders, conduct sustainable business practices, cares for the community and protects the environment.
Slide 10: Awards & Accolades: Community Efforts
Operations Review (4) Awards & Accolades In recognition of CDL’s community efforts In recognition of CDL’s firm commitment and outstanding President’s Award for contributions to environmental conservation throughout the years, the Group was conferred the highest accolade in the Environment Singapore
Slide 11: Moving Forward: New Residential Project Launches
Moving Forward Some New Residential Project Launches for 2008 Projects Units Shelford Suites (Total 77) 77 Former Lock Cho Apartments (Total 336) 100 The Quayside Isle @ Sentosa Cove (Total 228) 100 Pasir Ris Parcel 1 (Total 724) 150 Total 427 Moving Forward Shelford Suites Shelford Road 77 units Ar
Slide 12: Moving Forward: Upcoming Residential Projects
Moving Forward Former Lock Cho Apartments Jalan Datoh/ Jalan Raja Udang (Off Thomson Road) 336 units Artist’s impression Moving Forward Artist’s impression The Quayside Isle Sentosa Cove 228 units 12
Slide 13: Moving Forward: Commercial and Hotels
Moving Forward Commercial • One of the biggest landlords in Singapore with lettable area of 6.1 million square feet • Expediting the development of Tampines Grande and Tampines Concourse • CDL’s flagship retail complex, City Square Mall to open in 2009, adding City Square Mall on another 700,000 squ
Slide 14: Singapore – An attractive global investment hub
Moving Forward Singapore – An attractive global investment hub • Singapore has established its own brand equity and is poised for a new era of growth • A choice city to Live, Work and Play - Upcoming developments like two Integrated Resorts - High profile events like the world’s 1st Formula 1 night
Slide 15: 15
15