Slide 1: UOL Group 1Q2019 Results
UOL GROUP 1 Q 2 0 1 9 R E S U LT S 1 0 M AY 2 0 1 9
Slide 2: Agenda
AGENDA • 1Q2019 KEY FINANCIALS • O P E R AT I O N H I G H L I G H T S
Slide 3: Company Overview
COMPANY OVERVIEW • UOL Group Limited (UOL) was founded in 1963 and listed on the Singapore Exchange in 1964 • Total assets of $20.3 billion as at 31 March 2019 • Geographical presence in 13 countries - Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, Myanmar, Australia, China, Banglad
Slide 4: Core Businesses
CORE BUSINESSES Property Property Hotel operations development investments • Wholly-owned projects • Wholly-owned • Wholly-owned hotels • Joint-venture projects properties • Joint-venture hotels • UIC-owned projects • Joint-venture properties • UIC-owned hotels • UIC-owned properties • Aquamarina Ho
Slide 5: Diversified Portfolio
DIVERSIFIED PORTFOLIO Contribution by Business Segment 0.4% 0.1% 1.9% 5.8% 5.2% 21.9% 24.2% 16.2% 24.0% Adjusted EBITDA* Total Assets** (FY2018) (FY2018) 46.4% 53.9% Property development Property investments Hotel operations Investments Management services & technologies *Excludes unallocated costs,
Slide 6: 1Q2019 Key Financials
Photo credit: Timothy Nolan 1Q2019 KEY FINANCIALS
Slide 7: Key Financials
KEY FINANCIALS 1Q2018 $m 1Q2019 % Change (Restated) Revenue 741.2 663.7 12 Share of profit of associated companies and 1.0 1.2 -17 loss of a joint venture company Profit before income tax 141.0 142.3 -1 PATMI 72.4 76.1 -5 Earnings per share (cents) 8.6 9.0 -4 7
Slide 8: Key Financials
KEY FINANCIALS FY2018 1Q2019 % Change (Restated) Net tangible asset value per share $11.49 $11.28 2 Total equity $14,593m $14,437m 1 Cash $719m $677m 6 Net debt $3,793m $4,033m -6 Gearing ratio 0.26 0.28 -7 8
Slide 9: Contributions by Business Segment
CONTRIBUTIONS BY BUSINESS SEGMENT Revenue by Business Segment 450 (+24%) 400 390.9 350 314.9 300 250 (-6%) $ million (+4%) 200 163.4 173.5 139.2 134.3 150 (+16%) 100 47.7 (-100%) 40.9 50 0 0.1 0 1Q2019 1Q2018 (Restated) Property development Property investments Hotel operations Management services &
Slide 10: Operation Highlights
O P E R AT I O N H I G H L I G H T S
Slide 11: Property Development: Profit Recognition of Launched Projects
PROPERTY DEVELOPMENT Profit Recognition of Launched Projects Project Name % No. of Saleable % Sold % TOP Date Equity Units Area (as at 31.03.19) Completed Stake (sqm) (as at 31.03.19) Ongoing Amber45 100 139 13,535 69.8 33 Est. 3Q2020 The Tre Ver 75 729 51,573 34.6 6 Est. 2Q2021 Completed Botanique
Slide 12: Property Development: Residential Pipeline
PROPERTY DEVELOPMENT Singapore Residential Pipeline Project Name/Location Tenure of Land Site Area No. of % Owned (sqm) Residential Units MEYERHOUSE Freehold 10,185 56 50 Avenue South Residence^ 99 22,852 1,074 65 Total 33,037 1,130 Overseas Residential Pipeline Project Name/Location Tenure of Land
Slide 13: MEYERHOUSE – Strong Product Differentiation
PROPERTY DEVELOPMENT MEYERHOUSE – Strong Product Differentiation • Luxury development (dubbed as “Nassim Residences of the East”) • Large format units • Freehold residential site at 92-128 Meyer Road • Close to upcoming Tanjong Katong MRT station Artist’s impression of MEYERHOUSE. • Site area of 10,
Slide 14: Avenue South Residence – Riding a New Growth Story
PROPERTY DEVELOPMENT Avenue South Residence – Riding a New Growth Story • Under the government’s Draft Master Plan 2019, the Greater Southern Waterfront is envisaged to be a gateway for future live, work and play • A 56-storey development with an access park leading to the 24km Rail Corridor • Total
Slide 15: Park Eleven – Strong Overseas Contribution
PROPERTY DEVELOPMENT Park Eleven – Strong Overseas Contribution • Mixed-use development with 398 residential units and 4,103 sqm of net lettable area of retail in Shanghai, China • Located within Changfeng Ecological Business Park, close to Hongqiao Transportation Hub and The Bund • 40:30:20 joint v
Slide 16: One Bishopsgate Plaza – First Foray into UK
PROPERTY DEVELOPMENT One Bishopsgate Plaza – First Foray into UK • Approved for a 42-storey tower with 160-unit residential development The Sky Residences and 237-key Pan Pacific London, UK • Constructed 34 storeys to date and topping- up expected to be in 3Q2019 • Located in London’s central financ
Slide 17: 72 Christie Street – Office with Redevelopment Potential
PROPERTY INVESTMENTS 72 Christie Street – Office with Redevelopment Potential • UOL’s first office investment in Australia and located in St Leonards, Sydney • Freehold eight-storey office property with 11,259 sqm of NLA; fully tenanted to MasterCard with lease expiring in 2028 • Maiden revenue cont
Slide 18: Shopper Traffic (Retail Portfolio)
SHOPPER TRAFFIC (RETAIL PORTFOLIO) Shopper Traffic (1Q2019 vs 1Q2018) • Total shopper footfall increased by 3.1% 10% 9% 8% 7% Shopper Traffic 6% 5% 4.8% 4% 3.1% 3% 2% 1% 0.6% 0% United Square, Marina Total Velocity@Novena Square Square, KINEX shopping mall, West 18 Mall
Slide 19: Property Investments
PROPERTY INVESTMENTS Office properties Net Lettable Area (sqm)* Portfolio Novena Square 41,627 United Square 26,971 Odeon Towers 18,357 Faber House 3,956 One Upper Pickering 8,089 72 Christie Street, Australia 11,259 110 High Holborn, London 7,954 120 Holborn Island, London 18,323 Total 136,536 Reta
Slide 20: Property Investments: UIC Commercial Properties
PROPERTY INVESTMENTS Commercial properties under UIC Net Floor Area (sqm) Portfolio Singapore Land Tower 57,500 Clifford Centre 25,470 The Gateway 69,803 SGX Centre 2 25,800 Abacus Plaza 8,397 Tampines Plaza 8,397 Stamford Court 5,990 UIC Building 26,373 Total 227,730 Retail properties Portfolio Mar
Slide 21: Hotel Operations
HOTEL OPERATIONS Owns and/or manages over 30 hotels with more than 10,000 rooms • Comprises two highly-acclaimed brands – “Pan Pacific” and PARKROYAL PARKROYAL Penang Resort, Malaysia Pan Pacific Melbourne, Australia PARKROYAL on Pickering, Singapore 21
Slide 22: Hotel Operations
HOTEL OPERATIONS Existing Pipeline No. of Hotels No. of Rooms No. of Hotels No. of Rooms By Brand Pan Pacific 19 6,001 5 1,181 PARKROYAL 13 3,878 5 1,278 Others 5 1,959 - - Total 37 11,838 10 2,459 By Ownership Type Owned 27 9,538 4 977 Managed 10 2,300 6 1,482 Total 37 11,838 10 2,459 Note: Include
Slide 23: Hotel Operations: Owned Hotels under UOL
HOTEL OPERATIONS Owned Hotels under UOL Country Rooms Portfolio PARKROYAL on Beach Rd Singapore 346 PARKROYAL on Kitchener Road Singapore 532 PARKROYAL on Pickering Singapore 367 Pan Pacific Perth Australia 486 Pan Pacific Melbourne Australia 396 PARKROYAL Darling Harbour Australia 340 PARKROYAL Par
Slide 24: Hotel Operations: Owned Hotels under UIC
HOTEL OPERATIONS Owned Hotels under UIC Country Rooms Portfolio Pan Pacific Singapore Singapore 790 Marina Mandarin Singapore 575 Mandarin Oriental Singapore 527 The Westin Tianjin China 275 Tianjin Yanyuan International Grand Hotel China 296 Total 2,463 Grand Total 9,442 Owned Serviced Suites under
Slide 25: Pan Pacific Orchard – Total Redevelopment
PIPELINE PROJECTS (OWNED) Pan Pacific Orchard – Total Redevelopment to Maximise Returns • Pan Pacific Orchard was closed from 1 April 2018 for redevelopment into a new iconic and green 350-key hotel • New flagship hotel for Pan Pacific brand • Will feature three unique levels of experiential sky gar
Slide 26: Pan Pacific London – Enhancing Presence in Key Gateway Cities
PIPELINE PROJECTS (OWNED) Pan Pacific London – Enhancing Presence in Key Gateway Cities • Located in Bishopsgate, London’s central financial district • Part of a 42-storey luxury mixed-use development • 237 rooms with dining, meeting, fitness and wellness facilities • Expected to open in 2020 Artist
Slide 27: PARKROYAL Serviced Suites Jakarta
PIPELINE PROJECTS (OWNED) PARKROYAL Serviced Suites Jakarta – Strengthening Regional Presence • Located in central Jakarta, the 180-suite PARKROYAL Serviced Suites Jakarta is located in Tower 2 of Thamrin Nine • PPHG will also manage a 185-key PARKROYAL Jakarta in the same tower • Constructed in pha
Slide 28: Pan Pacific Serviced Suites Kuala Lumpur
PIPELINE PROJECTS (OWNED) Pan Pacific Serviced Suites Kuala Lumpur – Capitalising on Plot Ratio Intensification • Located in Bukit Bintang, the shopping and entertainment district of Kuala Lumpur • Redevelopment of the multi-storey carpark at PARKROYAL Kuala Lumpur into a 210-key Pan Pacific Service
Slide 29: Best in Class Properties
BEST IN CLASS PROPERTIES Award-winning and Quality Properties across Residential, Commercial and Hospitality Asset Classes Nassim Park Residences, Singapore One Bishopsgate Plaza, London, UK PARKROYAL on Pickering, Singapore The Clement Canopy, Singapore 29
Slide 30: Disclaimer
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
Slide 31: SELEeeRRE
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