Fraser & Neave Ltd. · SGX:F99
Fraser & Neave — FY2011 Earnings Presentation
14 slides from Fraser & Neave's earnings presentation, Nov 15, 2011
Slide 1: Frasers Centrepoint Group Full-Year Results Briefing
Mr Lim Ee Seng CHIEF EXECUTIVE OFFICER, FRASERS CENTREPOINT GROUP 15 NOVEMBER 2011 Boathouse Residences Scope Financial highlights Divisional highlights Moving forward Boathouse Residences
Slide 2: Financial highlights
Financial highlights Attributable profit up 10% FY2011 FY2010 Y-o-Y ($ ’m) ($ ’m) Change Revenue 2,153.9 1,933.6 11.4% PBIT (before fair value adj & EI) 554.2 564.5 (1.8%) Attributable profit (before fair value 372.3 378.3 (1.6%) adjustments & exceptional items) Fair value adjustments 110.1 99.6 10.
Slide 3: Divisional Highlights: Singapore Residential
Divisional Highlights St Thomas Suites – FIABCI Prix D’Excellence 2011 Award Divisional update | Singapore Residential • Grew pipeline with acquisition of 5 sites (~1,790 units in total): — Acquired Pasir Ris site1, Upp Serangoon site1, mixed development site at Punggol Central2, Flora Drive site &
Slide 4: Divisional update: China and Australia Development
Divisional update | China Development • Achieved sales of 329 units in China • Obtained TOP for Baitang One Ph 1a (99% sold); Ph 1b is 74% sold Baitang One, Suzhou 7 Divisional update | Australia Development QIII, Perth • Achieved sales of 469 units • Soft launched Park Lane at Central Park, Sydney
Slide 5: Divisional update: Investment Properties and Commercial REITs
Divisional update | Commercial: Investment Properties (Non-REIT) • Operations remain healthy; average portfolio occupancy close to 100% • Opened Bedok Point in Feb 11, injected into FCT in Sep 11 • Achieved TOP for Changi City Point in Sep 2011 • Replenished retail portfolio with acquisition of Pung
Slide 6: Divisional Update: Hospitality
Divisional Update | Hospitality • Opened 10 new properties under Fraser and Modena brands with a total of 1,590 apartments • Signed up 10 new properties with total of 1,937 apartments (Bangalore, Guangzhou, Hanoi, Istanbul, Jakarta, Kuala Lumpur, Ningbo, Shanghai, Tianjin and Wuxi) • Total of 7,067
Slide 7: Moving forward: Market outlook
Moving forward | Market outlook • Uncertainty in market amidst European credit crisis and sluggish recovery in US and Europe • Demand expected to further moderate with prices flattening out, Singapore evidenced by recent land tender bids • Longer term prospects supported by steady GDP growth and low
Slide 8: Moving forward: Planned launches FY2012
Moving forward | Planned launches FY2012 Est. avg Est. no. Singapore selling price of units ($ psf) Flora Drive 430 $750 - $850 Punggol EC1 728 $650 - $750 Punggol Central2 930 $1,000 - $1,100 TOTAL 2,088 Flora Drive 1 FCL’s effective share is 80% 2 FCL’s effective share is 33% 15 Moving forward | W
Slide 9: Moving forward: Watertown, Punggol Central
Moving forward | Watertown, Punggol Central Retail: Waterway Point • A 365,000sqf 6-level retail mall (incl 2 basement floors) • A 24-hour walkway will be the main public thoroughfare connecting traffic from the MRT/LRT Station to the open plaza at the waterway edge 17 Moving forward | Planned launc
Slide 10: THANK YOU! Q&A
Moving forward | Planned launches FY11/12 Est. avg selling Est. no. China price of units (RMB psm) Baitang One Ph 2, 898 15,300 Suzhou 19 THANK YOU! … Q&A Full-Year Results Briefing 15th November, 2011
Slide 11: Notes on profit recognition (Singapore)
Appendices Notes on profit recognition (Singapore) Cumulative % units sold to % Completion @ Current Projects No. of units 30 Sep 2011 30 Sep 2011 Martin Place Residences 302 100.0% 100.0% Soleil @ Sinaran 417 98.1% 100.0% Woodsville 28 110 100.0% 100.0% Waterfront Waves1 405 100.0% 100.0% Residence
Slide 12: Notes on profit recognition (Overseas)
Notes on profit recognition (Overseas) No. of Cumulative % % Completion @ Country Current Projects residential units sold to units 30 Sep 2011 30 Sep 2011 Lumiere Residences 456 98% 100% Trio/Alexandra, City Quarter 409 96% 100% Australia Lorne Killara 40 53% 100% One Central Park 623 79% 15% Park L
Slide 13: China Land Bank; Australia/NZ Land Bank
China Land Bank FCL’s effective Total est. no. of Total est. saleable Land bank share units area (’m sqf) Shanshui Four Seasons 76% 5,360 7.3 (Ph 2 – 5) Suzhou Baitang (Ph 2 – 4) 100% 2,852 4.6 Residential 8,212 11.9 Chengdu Logistic Park (Ph 2 – 4) 80% - 4.4 Vision Shenzhen Business Park 56% - 2.6
Slide 14: FCL Property Assets by Segment
FCL Property Assets by Segment (As at 30 Sep 2011) * Property assets include investment properties, properties under development, development property held for sale, completed property held for sale and investments in associates 27