35th agm - singapore exchange€¦ · 5 655.8 242.4 84.4 576.9 296.5 85.9 s$’m fy2018 media...

35th AGM

29 November 2019

Financial Performance & Key Highlights

Media

Property

Others

Summary

2

3

FinancialPerformance & Key Highlights

4

FY2019 FY2018 Change (%)

Operating revenue 959,255 982,555 (2.4)

Total costs 790,747 792,724 (0.2)

Operating profit 186,922 212,948 (12.2)

Fair value change on investment properties 82,407 45,702 80.3

Share of results of associates, JVs 19,119 (4,928) NM

Net income from investments 9,834 115,175 (91.5)

Profit before taxation 298,282 368,897 (19.1)

Net profit attributable to shareholders 213,211 278,380 (23.4)

NM Not Meaningful

S$’000

5

655.8

242.4

84.4

576.9

296.5

85.9

S$’m

FY2018 Media Property Others (incl.

Aged Care)

FY2019

Operating Revenue

6

98.7

189.2

-18.0

99.0

-27.3

54.7

263.0

8.0

Profit Before Taxation (PBT)S$’m

FY2018 Treasury &

Investment

Property Media Others (incl.

Aged Care)

FY2019

7

Media

Quality Journalism

Successful Tablet

Campaign

Property

Student Housing

Portfolio > S$600m

SPH REIT into

Australia

8

Media

9

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

FY16 FY17 FY18 FY19

% Year on Year Change

Newspaper Print Ad Revenue

10

1,000

1,200

1,400

1,600

1,800

2,000

FY17 FY18 FY19

$’m Total Market Adex

SPH’s share

stable

But shift to

lower-priced

digital

advertising

Source: Nielsen Advertising Spend

0

50

100

150

200

250

Digital daily newspaper circulation copies rising

0

30

60

90

120

FY17 FY18 FY19

$’m

11

FY19FY18

Total Digital Revenue Growing

FY17

‘000

12

13

Ignatius Low

Chief Commercial

Officer

Linda Lim

Chief of Advertising

Partnerships and

Market Development

Helen Lee

Head of Platform

Development

and Innovation

Joanna Ho

Head of Business

Planning and

Operational Excellence

New hires to drive growth, monetise content

and implement strategy of cross-platform sales

14

10k subscribers for

ZB news tablets in 6

months, 75% are new

1k subscribers for BH

news tablets in a

month, 90% are new

Targeted Ad

Campaigns

15

Property

16

DPU of 5.60 cents, 1.1%

from FY2018

Maiden overseas

acquisition with Figtree

Grove Shopping Centre

near Sydney in Dec 2018

Expanding, with 50%

interest (A$670m) in

Westfield Marion

Shopping Centre in

Adelaide in Nov 2019

17

Leading player in UK PBSA with

5,059 beds across 10 UK cities

Assets under management >S$600m

Operationalised Capitol

Students brand

18

Acquired 284 beds in Nov 2019

Total PBSA portfolio of 5,343 beds

19

Others

20

FY 18 FY 19

80%82%

Bed Occupancy Rate (BOR)

Enhanced residents’ living

environment with re-opening of Changi

Care Village

Steady bed

occupancy rate

despite competition

21

Set up a fund with

Japanese asset

manager Bridge-C

Capital in Oct 2019

Earn additional income

from management fees

Initial fund size S$50m

22

Summary

The Board has declared a final dividend of 5.5 cents per share and

a special dividend of 1 cent per share

Full year dividend distribution of 12 cents per share

(Including interim dividend of 5.5 cents)

Property

• Diversify, grow

recurring income

base, investing in

cash-yielding

defensive sectors

• Seek acquisitions

in UK and other

overseas markets

24

Media and Digital

• Innovating

through

tech/digital

investments

• Strengthening

management

bench

• Disciplined cost

management

Aged Care

• Expanding

overseas

Optimising and Deploying Capital

Thank You

Q&A

Visit www.sph.com.sg for more information