Pollux Properties Ltd. · SGX:5AE
Pollux Properties — FY2015 Earnings Presentation
34 slides from Pollux Properties's earnings presentation, May 21, 2015
Slide 1: Pollux Properties Ltd. FY 2014/2015 Financial Results Presentation
POLLUX PROPERTIES LTD. FY 2014/2015 FINANCIAL RESULTS PRESENTATION 21ST MAY 2015
Slide 2: Sponsor statement
This presentation has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not inde
Slide 3: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may either differ materially from those expressed in forward- looking statements as a result of a number of risks, uncertainties and assumptions.
Slide 4: Contents
CONTENTS 1. Financial Highlights 2. Operation Review 3. Market Outlook 4. Going Forward Pollux Properties FY2014/2015 Financial Results 4 Presentation
Slide 5: 1. Financial Highlights
FY2014/2015 FINANCIAL RESULTS PRESENTATION 1. FINANCIAL HIGHLIGHTS Pollux Properties FY2014/2015 Financial Results 5 Presentation
Slide 6: Financial Highlights – Overview
FINANCIAL HIGHLIGHTS – OVERVIEW FY2015(1) Revenue increased by 57.1% as compared to FY2014. Earnings per share increased by 750.0% from 0.04 cents per share in FY2014 to 0.34 cents per share in FY2015. Return on equity increased by 785.7% from 0.49% in FY2014 to 4.34% in FY2015. Note: (1) “FY”
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS FY2015 FY2014 % CHANGE Revenue (S$m) 37.88 24.12 57.1 EBIDTA (S$m) 3.57 0.88 305.6 PATMI (S$m) 2.12 0.23 821.7 Earnings Per Share (cents) 0.34 0.04 750.0 NAV Per Share (cents) 7.84 7.50 4.5 Return on Equity (%) 4.34 0.49 785.7 Note 1: No fair value adopted on investment properti
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS FY2015 FY2014 % CHANGE Total Equity (S$m) 48.83 46.71 4.5 Cash and Bank(S$m) 16.85 9.71 73.5 Net Debt (%) 73.77 73.95 (0.2) Gearing Ratio (%) 60.2 61.3 (1.8) Loans and Borrowings(S$m) 71.01 67.90 4.6 Interest Coverage Ratio 8.59 6.25 37.4 (times)1 Note 1: The Interest Coverage R
Slide 9: Revenue for the last four Financial Years
FINANCIAL HIGHLIGHTS Revenue for the last four Financial Years 40 37.88 35 30 24.12 25 S$ MILLION 20 15 10.5 10 5 1.15 0 FY2012 FY2013 FY2014 FY2015 PERIOD Note: The above financial information is extracted from annual reports / full year announcements of the respective years. Pollux Properties FY20
Slide 10: PATMI for the last four Financial Years
FINANCIAL HIGHLIGHTS PATMI for the last four Financial Years 2.5 2.12 2 1.5 1 0.5 0.09 0.23 S$ MILLION 0 FY2012 FY2013 FY2014 FY2015 -0.5 -1 -1.5 -2 -2.5 -3 -2.71 PERIOD # : The PATMI for the financial year ended 31 March 2012 excludes profit from discontinued operations. Note: The above financial i
Slide 11: 2. Operation Review
FY2014/2015 FINANCIAL RESULTS PRESENTATION 2. OPERATION REVIEW Pollux Properties FY2014/2015 Financial Results 11 Presentation
Slide 12: Highlights for year 2014 and year 2015
OPERATION REVIEW Highlights for year 2014 and year 2015 Soft launch of Louis Kienne Serviced Residences in January 2015. Park Residences Kovan obtained Certification of Statutory Completion in February 2015. Target to achieve ISO9001, ISO14001 and OHSAS18001 by September 2015 Pollux Properties
Slide 13: Revenue in FY2014/2015 By Business Segments
OPERATION REVIEW Revenue in FY2014/2015 By Business Segments REVENUE REVENUE S$’000 PERCENTAGE % 2% Property Investment 936 2% Property Development 36,945 98% TOTAL 37,881 100% 98% Property Investment Property Development Pollux Properties FY2014/2015 Financial Results 13 Presentation
Slide 14: Revenue By Business Segments, four years
OPERATION REVIEW 4 years Revenue By Business Segments 40 Property Investment Property Development 36.95 35 30 23.79 S$ MILLION 25 20 15 9.56 10 5 0.13 1.02 0.94 0.33 0.93 0 FY2012 FY2013 FY2014 FY2015 PERIOD FY2012 FY2013 FY2014 FY2015 S$’ MIL S$’ MIL S$’ MIL S$’ MIL Property Investment 0.13 0.94 0.
Slide 15: Operating Profit in FY2014/2015 By Business Segments
OPERATION REVIEW Operating Profit in FY2014/2015 By Business Segments OPERATING PROFIT REVENUE S$’000 PERCENTAGE % 9% Property Investment 333 9% Property Development 3,364 91% TOTAL 3,697 100% 91% Property Investment Property Development Pollux Properties FY2014/2015 Financial Results 15 Presentatio
Slide 16: Operating Profit By Business Segments, four years
OPERATION REVIEW 4 years Operating Profit By Business Segments Porperty Investment Property Development 3.36 3.5 3 2.47 2.5 S$ MILLION 2 1.65 1.5 0.94 1 0.5 0.33 0.33 0.33 0.13 0 FY2012 FY2013 FY2014 FY2015 PERIOD FY2012 FY2013 FY2014 FY2015 S$’ MIL S$’ MIL S$’ MIL S$’ MIL Property Investment 0.13 0
Slide 17: Revenue in FY2014/2015 By Projects
OPERATION REVIEW Revenue in FY2014/2015 By Projects REVENUE 8% 2% REVENUE S$’000 PERCENTAGE % 21% Rental 936 2% 29% Metro Loft 7,950 21% Garden Park Residences 15,265 40% 40% Berkeley Residences 10,959 29% Mayfair Residences 2,771 8% Rental Metro Loft Garden Park Residences Berkeley Residences Mayfa
Slide 18: Revenue in FY2015 vs FY2014 By Projects
OPERATION REVIEW Revenue in FY2015 vs FY2014 By Projects 16 FY2015 FY2014 15.27 13.44 14 12 10.96 S$ MILLION 10 7.95 8 6 4.61 4.03 4 2.77 1.71 2 0 0 0 Park Residences Metro Loft Berkeley Garden Park Mayfair PERIOD FINANCIAL PARK METRO LOFT BERKELEY GARDEN MAYFAIR YEAR RESIDENCES PARK S$’MIL S$’MIL S
Slide 19: Operating Profit in FY2014/2015 By Projects
OPERATION REVIEW Operating Profit in FY2014/2015 By Projects OPERATING PROFIT 7% 9% REVENUE S$’000 PERCENTAGE % 15% 25% Rental 333 9% Metro Loft 558 15% Garden Park Residences 1,634 44% 44% Berkeley Residences 917 25% Mayfair Residences 255 7% Rental Metro Loft Garden Park Residences Berkeley Reside
Slide 20: Operating Profits in FY2015 vs FY2014 By Projects
OPERATION REVIEW Operating Profits in FY2015 vs FY2014 By Projects 2 FY2015 FY2014 1.63 1.42 1.5 S$ MILLION 0.92 1 0.56 0.51 0.5 0.32 0.26 0.22 0 0 0 Park Residences Metro Loft Berkeley Garden Park Mayfair PERIOD FINANCIAL PARK METRO LOFT BERKELEY GARDEN MAYFAIR YEAR RESIDENCES PARK S$’MIL S$’MIL S$
Slide 21: Development Properties
DEVELOPMENT PROPERTIES Status of Sales and Construction Progress as of 31 March 2015 PROJECTS LAUNCH TOTAL TENURE TOTAL UNITS SOLD UNITS EST. CONSTRUCTION AREA UNITS (AS OF SOLD % TOP PROGRESS % (SQM) 31 MAR 2015) (AS OF 31 MAR 2015) Park Residences August 1118.90 Freehold 41 41 100 February 100 Kov
Slide 22: Investment Properties Project Status
INVESTMENT PROPERTIES Project Status Retail Shops at Balestier Road 100% tenanted. Louis Kienne Serviced Residences at Havelock Road Soft launch in January 2015. Pollux Properties FY2014/2015 Financial Results 22 Presentation
Slide 23: Investment Properties: Louis Kienne Serviced Residences
INVESTMENT PROPERTIES Louis Kienne Serviced Residences Pollux Properties FY2014/2015 Financial Results 23 Presentation
Slide 24: Investment Properties: Louis Kienne Serviced Residences
INVESTMENT PROPERTIES Louis Kienne Serviced Residences Pollux Properties FY2014/2015 Financial Results 24 Presentation
Slide 25: Investment Properties: Louis Kienne Serviced Residences
INVESTMENT PROPERTIES Louis Kienne Serviced Residences Pollux Properties FY2014/2015 Financial Results 25 Presentation
Slide 26: 3. Market Outlook
FY2014/2015 FINANCIAL RESULTS PRESENTATION 3. MARKET OUTLOOK Pollux Properties FY2014/2015 Financial Results 26 Presentation
Slide 27: Singapore Private Residential Market
SINGAPORE PRIVATE RESIDENTIAL MARKET 1. Singapore’s property market will likely remain in down-cycle as private property market continues to operate in a tight financing and regulatory environment. In 1Q2015, prices of private properties fell 1 percent from 1 Jan 15 to 31 Mar 15. 2. The new home sal
Slide 28: Serviced Apartment Outlook
SERVICED APARTMENT OUTLOOK 1. The Leasing market was buoyant in 2014. 2. Leasing demand in 2015 is expected to favour smaller homes, HDB flats and even individual rooms in both private and public developments as corporate belt-tightening and organisational revamps may result in fewer foreign expatri
Slide 29: Singapore Private Residential Market
SINGAPORE PRIVATE RESIDENTIAL MARKET Property Price Index – Private Residential (4Q 2014 vs1Q 2015) PRICE INDEX % CHANGE OVER PREVIOUS QUARTER 4Q 2014 1Q 2015 4Q 2014 1Q 2015 Landed 167.6 166.1 -1.1 -1.0 Property Non Landed 142.5 140.9 -1.3 -0.9 Property All Residential 147.0 145.5 -1.1 -1.0 Source
Slide 30: Singapore Private Residential Market
SINGAPORE PRIVATE RESIDENTIAL MARKET No. of New Private Residential Units Launched and Units Sold (Under Construction in 2012 – 1Q 2015) 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 Units Launched 6,903 6,115 5,052 3,408 5,546 4,395 3,3
Slide 31: Singapore Private Residential Market
SINGAPORE PRIVATE RESIDENTIAL MARKET Number of unsold unit available– Private Residential (4Q 2014 vs1Q 2015) 4Q 2014 1Q 2015 % CHANGE Launched 5,750 5,635 -2.0 But unsold Not Launched 10,155 13,723 26.6 Yet Source from URA website (1Q, 2015) Pollux Properties FY2014/2015 Financial Results 31 Presen
Slide 32: 4. Going Forward
FY2014/2015 FINANCIAL RESULTS PRESENTATION 4. GOING FORWARD Pollux Properties FY2014/2015 Financial Results 32 Presentation
Slide 33: Going Forward
GOING FORWARD The Management intends to achieve a balance between investment and development opportunities. We are seeking opportunity into fee-based business by enlarging our portfolio of assets and diversifying our business into overseas market. We are cautiously seeking opportunities that can pro
Slide 34: Thank You
THANK YOU Pollux Properties FY2014/2015 Financial Results 34 Presentation