ANNUAL GENERAL MEETING 23 APRIL 2014 a developer of premier living - PowerPoint PPT Presentation

ANNUAL GENERAL MEETING 23 APRIL 2014

… a developer of premier living

FINANCIAL HIGHLIGHTS

Key Financial Data - FY2013 S$‘000 Revenue 226,823 Profit after tax 40,129 Profit attributable to shareholders 28,851 Total assets 575,646 Earnings per share 7.19 cents Net asset value per share 56.25 cents

Revenue $'million $291m 300 $227m 250 $150m 200 $109m 150 $71m 100 50 0 2009 2010 2011 2012 2013

Profit Attributable to Shareholders $'million 50 $41m 40 $29m $22m 30 20 $10m $6m 10 0 2009 2010 2011 2012 2013

Earnings Per Share (cents) 12 10.26 10 7.19 8 5.50 6 4 2.45 1.73 2 0 2009 2010 2011 2012 2013

Net Asset Value Per Share (cents) 56.25 60 50.68 50 41.41 36.73 40 34.89 30 20 10 0 2009 2010 2011 2012 2013

Dividend Yield 1.8 4.5% 4.11% 1.6 4.0% 1.60 3.72% 1.50 1.4 3.5% 3.03% 1.2 3.0% 2.31% (cents) 1.0 2.5% 1.00 1.84% 0.8 2.0% 0.75 0.70 0.6 1.5% 0.4 1.0% 0.2 0.5% 0.0 0.0% 2009 2010 2011 2012 2013 Dividend per share Dividend yield

3-Year Stock Chart (April 2011 – April 2014) Source: Bloomberg

UPDATE ON EXISTING PROPERTIES

Residential Properties The Laurels Cairnhill Road

The Laurels  Number of units sold: 227 out of 229  Percentage sold by no. of units: 99%  Total sales consideration: $706.4 million  TOP date: 9 Sep 2013  CSC date: 28 Mar 2014

Residential Properties Robin Residences - Robin Drive

Robin Residences  Type of property: Condominium  Number of units: 134  Tenure: Freehold  Purchase price: $176.99 million ($1,295 psf ppr)  Gross floor area incl balcony: 136,667 sf  Launch-ready: Target mid 2014  Construction progress: Approximately 12%

Residential Properties Waterwoods - Punggol Field Walk

Waterwoods  Type of property: Executive Condominium  Number of units: 373  Tenure: 99-year Leasehold  Purchase price including DC: $173.6 million ($342 psf ppr)  Gross floor area incl balcony: 508,045 sf

Waterwoods  Number of units sold: 187 out of 373  Percentage sold by no. of units: 50%  Total sales consideration: $186.6 million  Construction progress: Approximately 13%  Target TOP date: 2Q2016

Industrial Properties BizTech Centre Aljunied Road

BizTech Centre  Number of units owned: 50 strata units  Area owned: 52,358 sf  Carrying value: $535 psf  Occupancy rate: 88%

DISCLAIMER This presentation may contain statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in such statements as a result of a number of risks, uncertainties and assumptions. Past performance is not necessarily indicative of future performance. You are cautioned not to place undue reliance on these statements, which are based on the current views of management on future developments and events.