UOL Group Limited · SGX:U14
UOL — Investor Presentation (December 2011)
28 slides from UOL's investor presentation, Dec 2, 2011
Slide 1: Investor Meeting Presentation
Investor Meeting Presentation 2 December 2011 1
Slide 2: Agenda
• COMPANY OVERVIEW • 3Q2011 RESULTS OVERVIEW • OPERATION HIGHLIGHTS • Q&A 2
Slide 3: Company Overview
EUSA RRA A] UOL Group Limited COMPANY OVERVIEW
Slide 4: Group's Total Assets of S$8.32 billion as at 30 Sep 2011
• Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development (residential units for sale) - Property investments (offices, retail malls and serviced suites) - Hotel operations (owned and/or managed hotels) • Award-winning developer noted for architectural
Slide 5: Stable Management Team and key strengths
Stable Management Team Strong Nimble & Capital Focused on Position Strategic Fit Well Proven Track Diversified Record Portfolio Design & Quality Excellence 5
Slide 6: Group structure: property development, investments, hotel operations
Residential Developments Property Wholly-owned projects Development Joint-venture projects Commercial Properties/Serviced Suites Wholly-owned properties Property Joint-venture properties Investments UNITED INDUSTRIAL CORPORATION LIMITED (43%) SINGAPORE LAND LIMITED (77%) MARINA CENTRE HOLDINGS PTE L
Slide 7: Operates in 13 countries around the world
Operates in 13 countries around the world Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Myanmar, Australia, China, Japan, Bangladesh, USA & Canada 7
Slide 8: Ten-year financial summary and CAGR
CAGR 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 % Revenue (S$m) 349.8 509.0 461.9 461.2 505.5 605.1 713.5 899.2 1,007.1 1,294.6 15.4 Profit before fair value and other gains/(losses) 103.2 119.7 107.6 128.3 149.3 158.6 273.3 351.5 429.9 543.9 20.3 (S$m) Profit before income tax 115.8 200.1 11
Slide 9: Revenue, PATMI, Total Assets, Market Capitalisation
Revenue PATMI 1,400.0 800.0 700.0 CAGR 30.2% 1,200.0 CAGR 15.4% 600.0 1,000.0 500.0 800.0 400.0 600.0 300.0 400.0 200.0 200.0 100.0 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total Assets Market Capitalisation 9,000.0 4,000.0 8,000.0 C
Slide 10: Contribution by Business Segments (as at 31 Dec 2010)
Contribution by Business Segments (as at 31 Dec 2010) Adjusted EBITDA* (%) Total Assets** (%) 2.8 45.0 12.4 13.9 0.5 51.8 9.2 0.4 39.3 24.5 *Excludes unallocated costs, other gains/losses and **Excludes unallocated assets fair value gains/losses on investment properties Property development Property
Slide 11: Awards and recognition
Newton Suites • FIABCI Prix d’Excellence Award • The Aga Khan Award for Architecture • Urban Land Institute Awards for Excellence • President’s Design Award • BCA Green Mark GoldPlus Award • IR Magazine SEA Awards • BCI Asia Top 10 Developer Awards • Singapore Retailers Association (SRA) Awards • Wo
Slide 12: 3Q2011 Results Overview
EUSA RRA A] UOL Group Limited 3Q2011 RESULTS OVERVIEW
Slide 13: 3Q and 9M 2011 results summary
3Q 2010 % 9M 2010 % S$m 3Q 2011 9M 2011 (Restated) Change (Restated) Change Revenue 413.3 302.0 +37 1,594.3 987.5 +61 Profit before fair value and 122.6 137.6 -11 602.1 445.9 +35 other (losses)/gains Fair value gains on investment properties including those of - - n.m. 114.9 30.6 +276 associated com
Slide 14: Balance sheet: 9M 2011 vs FY 2010
FY 2010 9M 2011 % Change (Restated) Net tangible asset value per share S$6.43 S$5.91 +9 Total equity S$5,430m S$5,048m +8 Cash S$282m S$313m -10 Net debt S$2,068m S$1,877m +10 Gearing ratio 0.38 0.37 +3 The results for 2010 were restated due to the adoption of the INT FRS 115 accounting policy which
Slide 15: Revenue by Business Segments 3Q2011 vs 3Q2010
(S$m) Revenue by Business Segments Variance 3Q2011 vs 3Q2010 (Restated) +56% 267.4 171.3 +12% 3Q 2011 92.1 +12% 81.9 3Q 2010 41.2 36.8 +9% +4% 5.2 4.8 7.4 7.1 Property Property Hotel Management Dividend development investments operations services income Segment Contribution 3Q 2011 (%) 3Q 2010 (%) P
Slide 16: Revenue by Business Segments 9M2011 vs 9M2010
(S$m) Revenue by Business Segments Variance 9M2011 vs 9M2010 (Restated) 1,175.1 +94% 604.3 +9% 9M 2011 259.2 237.8 9M 2010 +9% 119.6 110.1 +6% +19% 14.1 13.3 26.2 22.0 Property Property Hotel Management Dividend development investments operations services income Segment Contribution 9M 2011 (%) 9M 2
Slide 17: Operation Highlights
EUSA RRA A] UOL Group Limited OPERATION HIGHLIGHTS
Slide 18: Profit recognition of launched projects
Profit recognition of launched projects Project Name % No. of Saleable % Sold % Complete Approx. TOP Equity Units Area (as at 30.09.11) (as at 30.09.11) Date Stake (sq m) Duchess Residences 70 120 19,800 99 100 TOP 1Q2011 Breeze by the East 100 88 16,120 100 100 TOP 1Q2011 Nassim Park Residences 50
Slide 19: Singapore residential pipeline
Singapore residential pipeline Project Name/Location Tenure Site Area Est. Est. % of Land (sq m) Saleable No. of Owned Area Units (sq m) Archipelago 99 46,623 70,950 577 50 Site at former Lion City FH 13,740 19,410 244 100 Hotel Total 60,363 90,360 821 Archipelago Archipelago 19
Slide 20: Over 1,000 residential units in overseas pipeline
Over 1,000 residential units in overseas pipeline Project Name/Location Site Area Est. Est. % Owned (sq m) Saleable Area No. of (sq m) Units Shanghai (Changfeng) 39,540 77,800 400 40 **Mixed development Tianjin (Hai He) 22,895 55,980 522 90 *Mixed development KL (Jalan Conlay) 15,986 79,260 494 60 T
Slide 21: Bedok Reservoir Road and Lion City Hotel site
Bedok Reservoir Road • Site area 46,623 sq m, plot ratio 1.4 • 553 condo units and 24 3-storey strata houses • Nestled within natural vegetation of the Bedok Reservoir Park LION CITY • Near upcoming Bedok Town Park Downtown HOTEL SITE Line MRT Station (est. completion 2017) • 50% stake Lion City Hot
Slide 22: Office and retail properties portfolio
Office properties Net Lettable Area/ *GFA (sq m) Portfolio Novena Square 41,503 United Square 24,849 Odeon Towers 18,415 Faber House 3,956 SubTotal 88,723 Pipeline Tianjin (Hai He) 17,726 Office component of mixed development Total 106,449 Retail properties Portfolio Novena Square shopping mall 15,9
Slide 23: Serviced Suites Properties
Serviced Suites Properties Rooms Portfolio Pan Pacific Serviced Suites Singapore 126 PARKROYAL Serviced Suites Singapore 90 PARKROYAL Serviced Suites Kuala Lumpur 287 Total 503 23
Slide 24: Hotels: existing and confirmed pipeline
Existing Confirmed Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brands Pan Pacific 15 4,985 3 964 PARKROYAL 9 2,889 4 1,072 Others 2 595 - - Total 26* 8,469 7 2,036 By Ownership Type Owned 15 5,043 3# 881 Managed 11 3,426 4## 1,155 Total 26 8,469 7 2,036 * As at 30 Sep 2011. # P
Slide 25: Outlook and strategy for 2012
• Cautious about prospects for 2012 in view of projected slower GDP growth in Singapore and the region amidst global economic uncertainties • Leverage on healthy capital position and diversified portfolio to ride out market volatility • Adopt a nimble and prudent stance to replenish land bank in Sin
Slide 26: Disclaimer
This presentation may contain forward-looking statements or financial information. Such forward-looking statements and financial information may involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of UOL Group
Slide 27: Thank You
THANK YOU For more information, visit www.uol.com.sg or www.pphg.com. 27
Slide 28: Q&A
EUSA RRA A] UOL Group Limited Q&A