BLUEPRINT FOR
SUSTAINABLE GROWTH
1H2024 CORPORATE PRESENTATION
22 August 2024
THAKRAL AT A GLANCE
SGX-listed since 1995 | Attractive Valuation | ||
S$0.635 | S$81.8m | 6.6% | S$1.19 |
Share Price* | Market Cap* | Dividend Yield^ | NAV/Share# |
Dual Growth Drivers
Over-50s Lifestyle | Strategic expansion in |
Resorts in Australia | beauty, |
where demand growth | fragrance and |
outpaces supply | drone businesses |
*as of 19 August 2024
^Based on annualised dividend per share of 4.0 cents (1H2024 DPS x 2) and share price as of 30 June 2024
#as of 30 June 2024
3
INVESTMENTS
GEMLIFE - A UNIQUE MODEL
DEVELOPER AND OPERATOR OF OVER-50s LUXURY RESORTS
Australia
Japan
South Asia Greater China
31.7% | 11 | 10 | 1,622 | 6,500 | ||||||||
Thakral's stake | Communities/Resorts | Occupied Resorts | Occupied Homes* | Pipeline of Homes | ||||||||
*as of 30 Jun 2024 | ||||||||||||
Benefitting from Two Streams of Revenue | Footprint across Eastern Australia | |||||||||||
Manufactured Housing Estate / Land Lease Community Model
Revenue from | Recurring Weekly Site Fees for the Lease of Land | |
home sales | ||
5
INVESTMENT: GEMLIFE UPDATES
DELIVERED 173 HOMES FOR 1H2024; OCCUPIED HOMES 33% HIGHER THAN JUN-23
Growing number of occupied homes
leading to higher recurring weekly site fees
173 new homes
in 6 months
1,622
Average of 290 new
homes per annum from1,449 2019 to 2023
1,088
870
530
290
Dec 19 | Dec 20 | Dec 21 | Dec 22 | Dec 23 | Jun 24 |
Target of
6,500
homes within the decade based on current project pipeline
Supported by strong demand based on ageing population trend and government incentives
6
GEMLIFE - HOMES AND FACILITIES
OUR RESIDENTS ENJOY LUXURY LIVING WITH AN ACTIVE LIFESTYLE
The Gem Cut | Jul 2024
https://www.youtube.com/watch?v=oKvk6544sBo
Australia
Japan
South Asia Greater China
7
GEMLIFE - SUSTAINABILITY UPDATES
Conversion of lending facility to | Sustainability in Retirement Living |
Sustainability-Linked Loan | Award by RACV Solar |
Sector's first independent sustainability | For GemLife Virtual Power Plant |
certification with the Urban Development | |
Institute of Australia's EnviroDevelopment | |
program |
8
Australia
Japan
South Asia Greater China
JAPAN COMMERCIAL PROPERTIES
VALUATION UPLIFT FOR UMEDA PACIFIC BUILDING
Full Occupancy in 5 out of 6 office buildings in Japan with average occupancy of ~98%
Property | Type | Effective Ownership | Occupancy |
Yotsubashi East Building | Office | 50% | 100% |
Yotsubashi Nakano Building | Office | 50% | 100% |
Yotsubashi Grand Building | Office | 55% | 100% |
Umeda Pacific Building | Office | 56% | 90% |
Itachibori Square | Office | 55% | 100% |
Utsubo East Building | Office | 55% | 100% |
Best Western Osaka Tsukamoto | Hotel | 50% | NA |
Valuation uplift due to increased occupancy - increased from 86% in Dec 23 to 90% in Jun 24
Sale of 3 properties on hold in view of weakened Japanese Yen
9
LIFESTYLE
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