Slide 1: TA Corporation Ltd Corporate Presentation
TA Corporation Ltd Corporate Presentation April 2018
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. Th
Slide 3: Agenda
Agenda o Overview o Our Business: • Construction • Real Estate Development • Real Estate Investment • Distribution o Financial Performance o Growth Strategy o Appendix 3
Slide 4: About TA Corporation
About TA Corporation An Established Regional Quality Property and Construction Group with a Growing Distribution Business Construction Real Estate Development o More than 45 years track record in o Over 20 years of experience in Singapore building residential, commercial and property development wit
Slide 5: Key Milestones
Key Milestones Acquired 50% stake in Viva Energia Pte Ltd - Opened Myanmar HQ & which holds the exclusive distributorship of Showroom for sales of the ‘Repsol’ brand of high performance commercial vehicles and lubricants and other related products in Launched iconic mixed- construction equipment Tha
Slide 6: Construction
Construction Coralis, Singapore 6
Slide 7: Established & Leading Building Contractor with Comprehensive Capabilities
Established & Leading Building Contractor with Comprehensive Capabilities o Construction business is undertaken through our o Clientele: Government bodies wholly-owned subsidiary, Tiong Aik Construction Pte and established real estate Ltd developers o Reliable builder contractor with established tra
Slide 8: Strategic Focus on Productive Construction Technologies
Established & Leading Building Contractor with Comprehensive Capabilities Strategic Focus on Productive Construction Technologies o Pre-cast concrete components manufacturing plant in Johor, Malaysia • Current capacity of 36,000 cubic meters per annum with capability to scale-up to 42,000 cubic mete
Slide 9: On-going Projects
On-going Projects o Order book of S$241 million as at 31 December 2017 • To be progressively delivered over the next three years Highline Residences • Private residential development • Contract Value: ~S$174m • Estimated Completion Date: Dec 2017 • Developer: Harvestland Development Pte Ltd (subsidi
Slide 10: 2016 & 2017 Awards & Accreditations
2016 & 2017 Awards & Accreditations Year Award / Accreditation Awarded To Tiong Aik/Project Building Construction Authority of Singapore 2017 BCA Quality Excellence Award - Quality Champion (Platinum) Tiong Aik 2016 BCA Quality Mark (QM) For Good Workmanship Excellent Rating The Sorrento 2016 BCA Bu
Slide 11: Real Estate Development
Real Estate Development The Gateway, Cambodia 11
Slide 12: Growing Exposure to Southeast Asia
Growing Exposure to Southeast Asia o More than 20 years of experience in real estate development o Reputation for delivering quality well-located residential developments, targeting the middle to upper-middle markets o Through JVs, expanded into Cambodia, Thailand and China; looking to expand into n
Slide 13: On-going Projects
On-going Projects Singapore Cambodia – Phnom Penh 12 on Shan The Gateway Freehold serviced apartment An iconic twin tower development Located in the Balestier area; (36-storey office tower (299 office units) and 39-storey close proximity to Novena Medical Hub residential tower (572 residential units
Slide 14: Overview of the Group's Land Bank
Overview of the Group’s Land Bank Land Bank: Properties Type Approx. Site Area Tenure (sq m) Thailand Klong Luang District 2 plots of land for multi- 89,580 Freehold Pathum Thani phased mixed development Cambodia (Held under associate) Phum Preychisak, Sangkat Mixed-use residential and 20,515 Freeho
Slide 15: Real Estate Investment
Real Estate Investment Tuas South Dormitory 15
Slide 16: Building Recurrent Revenue Stream
Building Recurrent Revenue Stream o Owns more than 61,000 sq m of investment property space • Includes 4,235 sq m of commercial units held as investment properties at New World Centre, 1 Jalan Berseh, Singapore o Manages more than 10,000 dormitory beds for foreign workers in Singapore • Includes the
Slide 17: Overview of the Group's Investment Properties
Overview of the Group’s Investment Properties Properties Description Title Gross Area (sq m) Singapore New World Centre Commercial Leasehold 5,460* 1 Jalan Berseh (99 years from March 31, 1994) 83 Sungei Kadut Drive Industrial Leasehold 4,701 (29 years from October 16, 1991) Tuas South Dormitory Dor
Slide 18: Distribution
Distribution Wheel Loader Quarry & Construction Vehicle 18
Slide 19: Fast Growing Distribution Business: Myanmar
Fast Growing Distribution Business: Myanmar o Distribution of passenger and light truck tyres as well as heavy commercial vehicles, trucks, buses and automotive spare parts • 51%-owned Que Holdings: Exclusive distributor for the ‘Continental’ brand of passenger & light truck tyres • 50%-owned Myanma
Slide 20: Fast Growing Distribution Business: Myanmar
Fast Growing Distribution Business: Myanmar o Distribution of high performance motor oil and lubricants, as well as industrial and marine lubricants • 51%-owned Que Holdings: Sole distributor for ‘Shell’ high-performance automotive and industrial lubricant products to the B2B and B2C sectors • 50%-o
Slide 21: Expanding Distributorships Regionally
Expanding Distributorships Regionally o Expanding operations in the distribution of high performance motor oil and lubricants Thailand • 50%-owned Viva Energia: Exclusive distributor of the ‘Repsol’ brand of high performance lubricants and other related products Posted revenue of S$1.7 million for
Slide 22: Financial Performance
Financial Performance Foresque Residences, Singapore 22
Slide 23: Financial Performance
Financial Performance S$’m 4Q2017 4Q2016 FY2017 FY2016 Revenue 56.3 55.6 215.2 194.1 Gross Profit 9.3 10.1 39.1 36.0 Profit / (Loss) before tax (6.3) 0.5 (27.1) (13.8) Profit / (Loss) attributable to Owners of the (4.3) 3.1 (19.4) (6.7) Company Gross profit margin % 16.6 18.1 18.2 18.5 Net cashflow
Slide 24: Segmental Revenue
Segmental Revenue o Construction segment remains key contributor to Group revenue o Growing distribution business segment, driven by distribution business in Myanmar FY2017 FY2016 11.8% 4.1% 11.1% 7.3% 13.1% 17.8% 67.8% 66.9% Construction Real Estate Development Real Estate Investment Distribution F
Slide 25: Project Revenue Stream: Real Estate Development and Construction
Project Revenue Stream: Real Estate Development and Construction o Construction • 99% of segment’s revenue from Singapore currently, but with growing revenue from Cambodia and Malaysia o Real Estate Development • Revenue of S$28.1 million for FY2017 and S$34.6 million for FY2016 • Overseas projects
Slide 26: Recurring Revenue Stream: Real Estate Investment and Distribution
Recurring Revenue Stream: Real Estate Investment and Distribution o Real Estate Investment • Revenue nearly doubled year-on year to S$15.7 million, from S$8.0 million in FY2016; due mainly to higher occupancy rate from Tuas South Dormitory in FY2017 compared to FY2016 as the dormitory only obtained
Slide 27: Balance Sheet & Key Financial Ratios
Balance Sheet & Key Financial Ratios S$’m As at 31 Dec 2017 As at 31 Dec 2016 Current Assets 373.0 379.4 - Cash & bank balances 84.7 91.5 Non-current Assets 339.6 345.0 Current Liabilities 323.8 240.7 Non-current liabilities 209.3 273.1 Equity attributable to owners of 188.3 210.0 the Company Gearin
Slide 28: Rewarding Shareholders
Rewarding Shareholders Dividend Per Share FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 (SGD cents) Total Dividend per 1.0 1.0 1.0 1.0 1.0 1.3 1.2 share (Loss)/Earnings per (3.9) (1.4) (5.1) 4.4 6.3 8.5 7.7 share Dividend payout ratio n.a. n.a. n.a. 23% 16% 15% 20% o Consistently rewarding shareh
Slide 29: Renounceable Underwritten Rights Issue For Warrants
Renounceable Underwritten Rights Issue For Warrants o 120,567,589 warrants listed on Mainboard SGX-ST on 25 May 2017, following the proposed renounceable underwritten rights issue exercise announced on 30 March 2017 • With every four existing ordinary shares in the capital of TA Corporation, shareho
Slide 30: Growth Strategy
Growth Strategy Gambir Ridge,Singapore The Cristallo, Singapore 30
Slide 31: Growth Strategy
Growth Strategy • Established real estate business in neighbouring countries with Focus on core business and projects in Cambodia and Thailand; plan to expand into Myanmar • Acquisition of new development sites in Southeast Asia to markets while growing replenish land bank presence overseas • Levera
Slide 32: Q&A
Q&A The Sorrento, Singapore 32
Slide 33: Appendix
Appendix Auralis, Singapore 33
Slide 34: Construction: Recently Completed Projects
Construction: Recently Completed Projects Tuas South Dormitory Riversails Marine Blue Completed in Jan 2016 Completed in May 2016 Completed in Oct 2016 Developer: Nexus Point Developer: Allgreen Developer: Ladyhill (Private) Investment Pte Ltd Properties Limited Limited (subsidiary of Capitaland Res
Slide 35: Real Estate Development: Recently Completed Projects
Real Estate Development: Recently Completed Projects Singapore Ascent@456 Terra Villas The Skywoods 45-unit freehold residential & commercial 7 units of 3-storey strata-titled 25%-owned associate’s condominium with mixed development at Balestier Road terrace houses in Kembangan 420 units at Dairy Fa