30th annual general meeting 26 april 2018...fy 2016 sale of development properties 17.5 11% 154.9...
TRANSCRIPT
![Page 1: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/1.jpg)
30th Annual General Meeting 26 April 2018
![Page 2: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/2.jpg)
Financial Results
RevenueFY 2017
($Million)FY 2016
($Million)
Sale of Development Properties 17.5 11% 154.9 52%
Rental Income 147.2 89% 144.5 48%
Total 164.7 100% 299.4 100%
Geographical Location
Singapore 90.4 55% 87.7 29%
Australia 18.7 11% 155.0 52%
United Kingdom 55.6 34% 56.7 19%
2
![Page 3: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/3.jpg)
Rental Income
Rental IncomeFY 2017
($Million)FY 2016
($Million)
Singapore 90.4 61% 87.7 61%
United Kingdom 55.6 38% 56.7 39%
Australia 1.2 1% 0.1 -
Total 147.2 100% 144.5 100%
3
![Page 4: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/4.jpg)
SUMMARY OF PROFIT & LOSS STATEMENT
($Million) FY 2017 FY 2016 (Incr/Decr)
Profit from Sale of Dev’t Properties 2.8 29.5 (90.5%)
Net Rental Income 129.3 127.8 1.2%
Other Income 103.0 110.8 (7.0%)
Total 235.1 268.1 (12.3%)
Total Operating Exp & Finance Cost (50.7) (64.7) (21.6)
Share of profits of Associates & JV 94.8 33.3 184.7
Profit Before Tax 279.2 236.7 18.0
Taxation (28.4) (19.7) 44.2
Non-controlling Interest (1.5) (0.3) 400.0
Profits Attributable to Owners of Company 249.3 216.7 15.0
4
![Page 5: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/5.jpg)
Contributions from JV Developments
Share of Profits fromJV & Associates
FY 2017($Million)
FY 2016($Million)
China
Shanghai 97.6 25.7
Zhuhai 1.7 3.8
Tangshan 6.5 1.0
Sub Total 105.8 30.5
Singapore (Sentosa Cove)
Seascape 1.8 2.1
Cape Royale (12.8) 0.7
Total 94.8 33.3
5
![Page 6: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/6.jpg)
10-Year Financial Summary
FYTurnover
($M)
PATMI
($M)
E.P.S.
(Cents)
N.T.A.
($M)
NTA P.S.
($)
Dividends (Cents)
R.O.E.
(%)
2008 302 93 12.6 881 1.20 2 11.0%
2009 1,098 312 42.4 1,172 1.59 4 30.4%
2010 600 333 45.2 1,476 2.01 4 25.2%
2011 342 203 28.0 1,645 2.34 4 13.0%
2012 473 187 26.7 1,787 2.58 5 10.9%
2013 149 592 87.4 2,331 3.48 8 28.7%
2014 101 315 47.2 2,601 3.90 5 12.8%
2015 130 242 36.3 2,820 4.23 7 8.9%
2016 299 217 32.5 2,925 4.39 6 7.5%
2017 165 249 37.4 3,128 4.70 10 8.2%
6
![Page 7: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/7.jpg)
Investments by Region ($Million)
2,763 607 57 1,240
Singapore PRC Australia UK
59%
13%
1%
27%
Total Investments
4,667 mil
7
![Page 8: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/8.jpg)
Investments by Sector ($Million)
66% 33%
1%
Commercial Residential Industrial
3,057 1,544 66
Total Investments
4,667 mil
8
![Page 9: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/9.jpg)
Singapore Investment Properties
The Metropolis
The Metropolis
The Metropolis
HB Centre II HB Centre I
9
![Page 10: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/10.jpg)
UK Investment Properties
1 St Martin’s Le Grand
39 Victoria Street
110 Park Street
67 Lombard Street
Apollo & Lunar House60 St Martin’s Lane
10
![Page 11: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/11.jpg)
Investment Properties by Area (Square Foot)
11
SingaporeUK
44% 56%Total Area2,197,691
970,155 1,227,536
![Page 12: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/12.jpg)
China Joint Venture Projects
Nanhu Eco City, Tangshan Tangjiawan, Zhuhai
Xujing, ShanghaiXujing, ShanghaiNanhu Eco City, Tangshan
12
![Page 13: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/13.jpg)
Australia Development Projects
Rhapsody, Gold Coast
Pearl, Melbourne Eporo Tower, Melbourne
Rhapsody, Gold Coast Pearl, Melbourne
13
![Page 14: 30th Annual General Meeting 26 April 2018...FY 2016 Sale of Development Properties 17.5 11% 154.9 52% Rental Income 147.2 89% 144.5 48% ... 2012 473 187 26.7 1,787 2.58 5 10.9%](https://reader036.vdocuments.us/reader036/viewer/2022062603/5f0322237e708231d407b3f4/html5/thumbnails/14.jpg)