EXPANDING HORIZONS
SUSTAINING GROWTH
FY2024 CORPORATE PRESENTATION
13 March 2025
THAKRAL AT A GLANCE
SGX-listed since 1995 | Attractive Valuation | ||
S$0.85 | S$108m | 6.0% | S$1.28 |
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 12 Mar 2025 ^FY2024 dividend and share price as of 31 Dec 2024 #as of 31 Dec 2024
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DRIVING GROWTH ON ALL FRONTS
Positioning for long-term success through Investments & Lifestyle expansion
Investments
Growth Drivers
GemLife
Growing demand for over-50s
housing.
Recurring Income
Over-50s Housing | Japan Real Estate |
Recurring site fees and | Stable revenue with |
multiple revenue | high occupancy. |
streams. |
Emerging Opportunities
India Real Estate with Healthcare
Strategic expansion in Gurugram, a prime
real-estate hub.
Lifestyle
Growth Drivers
Beauty & Fragrance | DJI Drones |
Steady growth with | Exclusive distributor |
an expanding retail | of the world's largest |
footprint. | drone manufacturer. |
Emerging Opportunities
Bharat Skytech & | Nespresso India |
Skylark | Generating revenue |
Tapping into agriculture | |
through retail | |
and enterprise drone | boutiques, e-commerce |
sectors & components. | and B2B sales. |
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INVESTMENTS
GEMLIFE - PREMIUM OVER-50s LIFESTYLE RESORT
A unique business model - Developer and operator
Australia
Japan
Greater China
South Asia
31.7% | 13 | 10 | 1,804 | 6,500 | ||||
Thakral's stake | Resorts | Occupied Resorts | Occupied Homes* | Pipeline of Homes | ||||
*as of 31 Dec 2024 | ||||||||
Benefitting from Two Streams of Revenue | Footprint across Eastern Australia |
Manufactured Housing Estate / Land Lease Community Model
Revenue | Recurring Weekly Site Fees for the Lease of Land | |
from home | ||
sales | Renewable Energy Revenue | |
India
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GEMLIFE - FY2024 UPDATES
Delivered 355 homes in FY2024, higher than six-year average
Australia
Japan
Greater China
Growing number of occupied homes leading to higher
recurring weekly site fees
Average of 301 new homes | 355 new homes | 1,804 | Target of |
6,500 | |||
per annum | 1,449 | ||
1,088 | homes by 2033 | ||
based on current | |||
870 | |||
project pipeline |
530
290
South Asia | Dec 19 | Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | |
Site fee per home | Timeline | Number of homes | Total yearly recurring revenue# | ||||
Current | 1,804 | A$18.8 million | ||
India | A$200* per week x 52 weeks = A$10,400 | |||
By 2033 | ~6,500 | A$67.6 million | ||
*Base case before any inflationary adjustments
#Before the apportionment of the Group's 31.7% shareholding
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GEMLIFE - HOMES AND FACILITIES
Our residents enjoy luxury living with an active lifestyle
Australia
Japan
China
Greater
Asia
South
India
The Gem Cut | Jan 2025
https://www.youtube.com/watch?v=4W5hUzkA4Qc
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JAPAN COMMERCIAL PROPERTIES
High occupancy with stable revenue
Australia | Average occupancy of ~96%+ | |||||||||
for 6 commercial buildings in Osaka | ||||||||||
Property | Type | Effective Ownership | Occupancy | |||||||
Japan | ||||||||||
Yotsubashi East Building | Office | 50% | 100% | |||||||
Yotsubashi Nakano Building | Office | 50% | 94% | |||||||
India | Yotsubashi Grand Building | Office | 55% | 100% | ||||||
Greater China | Umeda Pacific Building | Office | 56% | 95% | ||||||
Itachibori Square | Office | 55% | 96% | |||||||
Utsubo East Building | Office | 55% | 95% | |||||||
South Asia | Best Western Osaka Tsukamoto | Hotel | 50% | NA | ||||||
Occupancy increased from 90% in 1H2024 to 95% by the end of FY2024.
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INDIA REAL ESTATE AND HEALTHCARE
Capitalising on one of the world's fastest growing real estate markets
Australia
Japan
India
Greater China
South Asia
21 Acres
Land area for real-estate and healthcare
7 Acres | 14 Acres | |
Residential and mixed-use | ||
Healthcare infrastructure | ||
development | ||
Artist Impression
- Located in Gurugram - Prime real-estate hub adjacent to the capital.
- Fast growing city with a large affluent population.
- Working with Platinum Securities and a healthcare advisory team.
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