United Overseas Australia Ltd · ASX:UOS
United Overseas Australia — FY2008 Earnings Presentation
27 slides from United Overseas Australia's earnings presentation, Mar 4, 2009
Slide 1: United Overseas Australia Ltd company presentation cover letter
UNITED OVERSEAS AUSTRALIA LTD ACN 009 245 890 Level 1, 252 Cambridge Street, Wembley, W.A. 6104 P.O. Box 60, Wembley, W.A. 6913 Tel: (+618) 9381 9266 • Fax: (+618) 9381 9611 For personal use only 4 March 2009 Company Announcements Manager Company Announcements Manager Australian Stock Exchange Limit
Slide 2: UOA Group FY 2008 Results
UOA GROUP FY 2008 RESULTS BUILDING EXCELLENCE
Slide 3: Important Notice
Important Notice This presentation may include certain forward looking statements. The actual results or future development of UOA Ltd may differ materially from those indicated by these forward looking statements as a result of various factors and uncertainties, including but not limited to price f
Slide 4: Content
Content e Results Overview e Financial Performance e Highlights e Outlook oe eet UOA GROUP BUILDING EXCELLENCE
Slide 5: Results Overview
Results Overview QD UOA GROUP BUILDING EXCELLENCE
Slide 6: Results Overview
Results Overview > Profit After Tax & Minority Interests was A$48.47 mil for FY2008 > Sales revenue from property development activities increased by 464% to record high of A$172.96 mil in FY2008 > Rental revenue has increased by 42% to a record high of A$18.62 mil in FY2008 > Strong financial posit
Slide 7: Financial Performance
Financial Performance QD UOA GROUP BUILDING EXCELLENCE
Slide 8: Profit & Loss Statement
Profit & Loss Statement (AUD $ mil) FY 2008 FY 2007 Change BAA Sales Revenue 179.96 30.63 487% TP Other Revenue 22.71* 18.31* 24% ft EBITDA 82.83 18.54 346% UP PATMI 48.47 56.80 14% JL PATMI excl. FV 44.1** 6.91** 538% if Notes: *Excludes Fair Value Adjustments of A$98.84mil (2007) & A$3.99mil (2008
Slide 9: Balance Sheet
Balance Sheet (AUD $ mil) FY 2008 FY 2007 Change Cash & Equiv 71.05 Shareholders’ Funds 339.21 Current Ratio 1.95 Gearing Ratio* 0.045 Net Asset Value Per Share A$0.62 59.02 235.33 2.02 Net Cash A$0.49 Improved Improved Decreased Decreased Improved UOA GROUP BUILDING EXCELLENCE
Slide 10: UOA Ltd Financial Performance
UOA Ltd Financial Performance Sales Revenue Land Development and 54,271 60,961 33,525 30,634 172,961 Resale Other Revenue from Operating Activities Investments* 22,708 30,956 21,970 111,744 25,042 Others 1,987 2,286 2,830 1,416 1,666 Lateran iether eta inentenanea cai etal dine anata ane Gross Profi
Slide 11: UOA REIT financial performance
(AUD $ mil) | FY 2008 FY 2007 14.95 12.11 23% T Income excl 5 scat atin 8.90 7.51 18% tT Distribution 0 Per Unit 3.55 cents 3.01 cents 18% T Total Assets 171.04 152.63 12% T Note: UOA Ltd holds an effective and deemed interest of 45% and 71% respectively in UOA REIT. Exchange Rate used is AUD1 to RM
Slide 12: For personal use only
am, ww UOA GROUP BUILDING EXCELLENCE
Slide 13: Development Properties
Development Properties 0 UOA GROUP BUILDING EXCELLENCE
Slide 14: Development properties highlights
> For FY 2008, sales revenue of A$172.96 mil from development properties representing a record since inception of UOA. > Plaza Menjalara and Prima Setapak Phase 5 were successfully completed during the year > Unbilled sales in excess of A$200.0mil expected to be recognized over the next 18 months fr
Slide 15: Highlights — Key Development: Menara UOA Bangsar High Tower
Highlights — Key Development Menara UOA Bangsar High Tower \ \ 39 stories Class A Office Building in decentralised business district of Bangsar Pre-Sold 86% with Sales Value of A$150.0mil Construction is 40% completed To be completed by 2"¢ quarter 2009 UOA has 51% effective interest in this project
Slide 16: Highlights — Key Development: Park Residences @ Bangsar South
Highlights — Key Development Park Residences @ Bangsar South > Pre-Sales have commenced with strong take-up:- Begonia (290 units) — 64%* Acacia (180 units) — 44%* Construction is 11% completed To be completed by 2"? quarter 2010 Pre-Sold with Sales Value of AUD63.0mil UOA has 100% interest in the pr
Slide 17: Highlights — Key Development: Horizon @ Bangsar South
VVV VVWV Highlights — Key Development Horizon @ Bangsar South 14 blocks of Boutique Office Tower Pre-Sold 62% with Sales Value of A$122mil 4 of 14 blocks retained as investment properties Construction is circa 60% completed To be completed by 2"4 quarter 2009 UOA has 100% interest in this project Ho
Slide 18: Investment Properties
Investment Properties Q UOA GROUP BUILDING EXCELLENCE
Slide 19: Investment properties highlights
> For FY 2008, rental revenue of A$172.96 mil from investment properties representing a record since inception of UOA. > UOA REITs properties portfolio and Villa Mon’t Kiara continue to enjoy high occupancy with good rental growth >» UOA Damansara II completed in end 2007 a major contributor to grow
Slide 20: Highlights — UOA REITs
Highlights — UOA REITS > Total assets increased by 12% to A$171.0 mil in 2008 via completing the acquisition of UOA Pantai for AUD27 > UOA REIT owns majorit y parcels in 4 major commercial buildings in Kuala Lumpur with total lettable area of 882,572 sq ft and 1,479 car parking bays .3 mil > All pro
Slide 21: Wisma UOA Damansara II
VVV WV Wisma UOA Damansara Il 16 Storey Class A Building in the decentralised business district of Damansara Heights Lettable area of 300,000 sq ft with 600 car parking bays Completed in Dec 07 Occupancy at 85% Tenants include Intel, Hewlett Packard, Schering Plough, Boehringer Ingelheim, 9 Technolo
Slide 22: Highlights - Investment Properties: Menara UOA Bangsar Low Tower
VVVVVV WV Vv Highlights - Investment Properties Menara UOA Bangsar Low Tower 23 Storey Class A Office Building in decentralised business district of Bangsar Office will have lettable area of 250,000 sq ft Retail will have lettable area of 50,000 sq ft 1,200 car parking bays To be completed by 2"? qu
Slide 23: Outlook
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Slide 24: Horizon @ Bangsar South Phase II
Horizon @ Bangsar South Phase II Scheduled for pre-leasing / pre-sales to commence in 2009 Total lettable area of 500,000 sq ft comprise 4 blocks specifically targeted at financial institutions, share services and large corporates Complementary to Phase 1 smaller boutique office towers project Expec
Slide 25: Deliveries and Cost Controls
Deliveries and Cost Controls FY 2009 to focus on execution of on-going projects for speedy and cost efficient completion ie. Menara UOA Bangsar, Horizon and Park Residences @ Bangsar South Budgeted to maintain development gross margins in excess of 40% Financial Strength and Capital Management Stron
Slide 26: Development and Investment Portfolios
Development and Investment Portfolios Strong earnings visibility to continue with unbilled sales in excess of A$200.0 mil Existing investment properties are providing continuation of stable income growth Upcoming investment properties give potential of more monetization of assets through UOA REIT Ex
Slide 27: Thank you / Contact
United Overseas Australia Ltd Thank you Contact Australia Alan Winduss alan _winduss@winduss.com.au Tel: +618 9381 9266 Malaysia/Singapore Eugene Lee / Kong Sze Choon eugene@uoa.com.my / sckong@uoa.com.my Tel: +603 2161 9261 y—\ ae UOA GROUP BUILDING EXCELLENCE
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