Keong Hong Holdings Limited · SGX:5TT
Keong Hong — Investor Presentation (May 2014)
28 slides from Keong Hong's investor presentation, May 20, 2014
Slide 1: Keong Hong Holdings Limited
20 May 2014 KEONG HONG HOLDINGS LIMITED 1
Slide 2: Disclaimer
This document has been prepared and furnished to you solely for the purpose of introducing the information set out herein. This document does not constitute or form part of any offer, solicitation, recommendation or invitation for or in relation to the securities of any company described herein, nor
Slide 3: Overview, Financial Highlights, Outlook and Strategies
1. Overview 2. Financial Highlights 3. Outlook and Strategies 3
Slide 4: Twin Waterfalls Executive Condominium
Twin Waterfalls Executive Condominium
Slide 5: 3 Growth Engines
3 Growth Engines Building Construction Property Development 30 Hotel Development Years of established track record 144 Per cent growth in market capitalisation >400 since IPO Employees 494 2925 Million of Units of residential and Singapore Dollars hotel rooms under worth of order construction
Slide 6: Listing, customers and awards
Listed on the Catalist Board of the Singapore Exchange in December 2011 Customers include main contractors, project consultants and well-established property developers and owners, such as Keppel Land group, Frasers Centrepoint Limited and MCL Land Awarded BCA A1 grading under the category CW01 for
Slide 7: Dividends, Convertible Bond and Bonus Share Issue
Dividends FY2012 FY2013 FY2014 $0.005 $0.015 $0.015 $0.005 $0.02 $0.01 Interim Final Special Interim Final Interim Dividend Dividend Dividend Dividend Dividend Dividend Dividend Payout Ratio 28.3% 18% 18% Convertible Bond Subscription (August 2013) • Entered into a S$5 million convertible bond subsc
Slide 8: Group structure
Keong Hong Holdings Limited 100% 100% 100% Keong Hong Construction KH Land Pte Ltd (1) KH Capital Pte Ltd (6) Pte Ltd (1) 100% 50% 20% 20% 15% 20% 51% Pristine Islands KH-Kienta JV LLP (2) Punggol Residences Oasis Development MKH (Punggol) Katong Holdings Investments Pte Ltd (7) Pte Ltd (3) Pte Ltd
Slide 9: Building construction services
Our construction projects covers new construction, A&A works of existing buildings, refurbishment and upgrading of existing buildings. We provide a broad range of building construction services to both private and public sectors for residential, commercial, industrial, infrastructural and institutio
Slide 10: Residential Projects
Residential Projects Intelligent computerized self-climbing platform at Martin Place Residences The Parvis (D&B) Martin Place Residences at Kim Yam Road (D&B) 8@Woodleigh (D&B) J Gateway construction site 10
Slide 11: Commercial and Industrial Projects
Commercial Projects IBIS Hotel at Sime Darby Performance Bencoolen Street Centre at Alexandra Road Industrial Projects Makino at Gul Avenue AvaPlas at Changi South Vicplas at Joo Koon Circle Industrial Estate 11
Slide 12: Institutional Projects
Institutional Projects SIM at Clementi Road Mount Alvernia Hospital Sisters’ Accommodation Toa Payoh Nursing Home 12
Slide 13: Resort Development and Infrastructural Projects
Resort Development Project The Residence Maldives • 94-villa resort hotel on Falhumaafushi Island • Developed by Bonvest group Infrastructural Project Kooddoo Airport in Maldives •Domestic airport to serve nearby resorts •Design and built project: 1.2km runway Passenger terminal Air-traffic co
Slide 14: Twin Waterfalls
Twin Waterfalls • 728-unit executive condominium development in Punggol • Main contractor and joint developer • Group holds 20% interest in this joint property development with Frasers Centrepoint Limited • Officially launched on 18 February 2012, fully-sold • Average selling price S$698 per sq foot
Slide 15: SkyPark Residences
SkyPark Residences • 506-unit executive condominium development in Sembawang • Main contractor and joint developer • Group holds 20% interest in this joint property development with JBE Holdings Limited • Officially launched on 16 November 2013, approximately 60% sold to-date • Average selling price
Slide 16: Executive Condominium at Punggol Central/Edgedale Plains
Executive Condominium at Punggol Central/Edgedale Plains • Awarded the 13,564.8 sqm site in August 2013 for S$156.0 million • Group holds 15% interest in this joint property development with Master Contract Services Pte Ltd (70%) and JBE Holdings Limited (15%) • Target to launch the project in the f
Slide 17: Hotel development at East Coast Road
Hotel development at East Coast Road, former Joo Chiat Police Station • Awarded the 8,238.5 sqm site in January 2014 for S$352.8 million • Able to build 500 to 600-room hotel with commercial space for medical suites, offices as well as retail and F&B outlets • Group holds 20% interest in this joint
Slide 18: Maldives hotel and airport expansion
Hotel Development •Kooddoo Island in Gaafu Alifu Atoll - development of an airport hotel •Maamutaa Island in Gaafu Alifu Atoll – development of a resort hotel Airport Expansion •Kooddoo Island in Gaafu Alifu Atoll - expansion of the Kooddoo domestic airport, including infrastructure work for the ext
Slide 19: Project gallery
Twin Waterfalls The Terrasse SkyPark Residences J Gateway Paterson 2 Alexandra Central
Slide 20: SkyPark Residences
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Slide 21: Share and market data
52-week range • S$0.500 – S$0.650 • S$94.1 million Market capitalisation • Share price as at 16.5.2014: S$0.605 P/E ratio • 4.4 x (1) Price / NAV ratio • 1.5 x (2) Dividend payout ratio • 18.0% (3) No. of shares • 155,500,000 (4) Public Float • 39.60% (5) Major shareholder • Ronald Leo (52.1%) Notes
Slide 22: Revenue, Gross Profit, Net Profit After Tax
Revenue Gross Profit Net Profit After Tax FY2013 22
Slide 23: 1HFY2014 financial results
Change S$ ‘million 1HFY2014 1HFY2013 Remarks (%) • Growth in revenue due mainly to higher Revenue 118.0 53.2 122.0 revenue recognition from new and ongoing projects • Increase in cost of sales as a result of higher Gross profit 13.7 9.1 50.7 business costs, wages and labour levies has impacted the g
Slide 24: SkyPark Residences
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Slide 25: Singapore Construction Industry
Singapore Construction Industry 2014 BCA projects the overall construction demand in 2014 to remain strong at between S$31 and S$38 billion Private residential construction demand is expected to continue to soften following the implementation of various property cooling measures as well as the signi
Slide 26: The Maldives Tourism Industry
The Maldives Tourism Industry (1) - Strong demand for new resort construction as well as airport infrastructure to support the growing tourism industry The country registered strong tourists growth in 2010 (+20.7%) and 2011 (+17.6%), but a modest growth in 2012 (+2.9%) due mainly to political uncert
Slide 27: Expansion of building construction business in Singapore
Continue to Expansion in Expansion of building prospect for Maldives and Seek strategic construction new business other markets alliances for business in Singapore opportunities for hotel and future growth in the residential and in hotel and resort and expansion commercial sectors residential develo
Slide 28: NG FOOTPR
NT | NG FOOTPR | GROW 28
Keong Hong Holdings — Investor Presentation (May 2014) on 6ix