Corporate Presentation Apr il 2018 Disc laime r NOTF OR PUBL - - PowerPoint PPT Presentation

SLIDE 1

Apr il 2018

Corporate Presentation

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NOTF OR PUBL ICAT ION OR DIST RIBUT ION, DIRE CT L Y OR INDIRE CT L Y, IN OR INT O T HE UNIT E D ST AT E S OR T O U.S. PE RSONS.

T his pre se nta tio n is fo r info rma tio n a nd re fe re nc e o nly a nd do e s no t c o nstitute o r fo rm pa rt o f, a nd sho uld no t b e c o nstrue d a s, a ny o ffe r fo r sa le o r sub sc riptio n o f o r invita tio n to se ll o r issue , o r so lic ita tio n o f a ny o ffe r to b uy o r sub sc rib e fo r, a ny se c uritie s o f Oxle y Ho lding s L imite d o r a ny o f its sub sidia rie s o r a ffilia te s (to g e the r, the “ Company”) in a ny jurisdic tio n o r a n induc e me nt to e nte r into inve stme nt a c tivity no r sho uld it fo rm the b a sis o f, o r b e re lie d o n in c o nne c tio n with, a ny c o ntra c t o r c o mmitme nt wha tso e ve r. Any suc h se c uritie s will no t b e re g iste re d unde r the Se c uritie s Ac t, a nd will no t a nd ma y no t b e o ffe re d, so ld o r de live re d within the Unite d Sta te s e xc e pt pursua nt to a n e xe mptio n fro m, o r in a tra nsa c tio n no t sub je c t to , the re g istra tio n re q uire me nts o f the Se c uritie s Ac t a nd in a c c o rda nc e with a ll a pplic a b le se c uritie s laws o f a ny sta te o f the Unite d Sta te s a nd a ny o the r jurisdic tio ns. Ac c o rding ly, a ny suc h se c uritie s will o nly b e

• ffe re d a nd so ld o utside the Unite d Sta te s in o ffsho re tra nsa c tio ns in re lia nc e o n Re g ula tio n S unde r the Se c uritie s Ac t. No pub lic o ffe ring o f suc h se c uritie s will b e ma de in the Unite d Sta te s o r in a ny o the r jurisdic tio n whe re suc h a n o ffe ring

is re stric te d o r pro hib ite d. I n pa rtic ula r, this pre se nta tio n a nd the info rma tio n c o nta ine d he re in a re no t to b e ta ke n o r tra nsmitte d a nd no t fo r pub lic a tio n o r distrib utio n, dire c tly o r indire c tly, in the Unite d Sta te s o r to U.S. pe rso ns (within the me a ning o f Re g ula tio n S unde r the U.S. Se c uritie s Ac t o f 1933, a s a me nde d (the “ Se c ur

itie s Ac t”)). By a c c e ssing this pre se nta tio n, yo u re pre se nt a nd wa rra nt tha t (A) yo u a re no t a U.S. pe rso n no r a re yo u a c ting o n b e ha lf o f a U.S. pe rso n,

(B) yo u a re no t lo c a te d o r re side nt in the Unite d Sta te s, (C) yo u a re lawfully a b le to re c e ive this pre se nta tio n unde r the la ws o f the jurisdic tio n in whic h yo u a re lo c a te d a nd o the r a pplic a b le laws, (D) this pre se nta tio n is furnishe d to yo u

• utside the Unite d Sta te s a nd (E

) yo u willno t re pro duc e , pub lish, disc lo se , re distrib ute o r re tra nsmit this pre se nta tio n, dire c tly o r indire c tly, to a ny o the r pe rso n.

MiF ID II pr

• duc t gove r

nanc e / Pr

• fe ssional inve stor

s and E CPs only tar ge t mar ke t – F

• r the purpo se s o f Dire c tive E

U 2014/ 65/ E U (a s a me nde d, "MiF

ID II"), the ta rg e t ma rke t in re spe c t o f a ny se c uritie s is e xpe c te d to b e e lig ib le c o unte rpa rtie s

a nd pro fe ssio na l c lie nts o nly, e a c h a s de fine d in MiF I D I I . Any pe rso n o ffe ring , se lling o r re c o mme nding a ny se c uritie s (a "distr

ibutor") sho uld ta ke into c o nside ra tio n suc h ta rg e t ma rke t; ho we ve r, a distrib uto r sub je c t to MiF

I D I Iis re spo nsib le fo r unde rta king its o wn ta rg e t ma rke t a sse ssme nt in re spe c t o f suc h se c uritie s a nd de te rmining a ppro pria te distrib utio n c ha nne ls. T his pre se nta tio n a nd a ny o the r do c ume nt o r ma te ria l in c o nne c tio n with a ny o ffe r o r sa le , o r a ny invita tio n fo r sub sc riptio n o r purc ha se , o f a ny se c uritie s ma y no t b e c irc ula te d o r distrib ute d, no r ma y a ny se c uritie s b e o ffe re d o r so ld, o r b e ma de the sub je c t o f a n invita tio n fo r sub sc riptio n o r purc ha se , whe the r dire c tly o r indire c tly, to pe rso ns in Sing a po re o the r tha n (i) to a n institutio na l inve sto r unde r Se c tio n 274 o f the Se c uritie s a nd F uture s Ac t, Cha pte r 289 o f Sing a po re (the “ SF

A”), (ii) to a re le va nt pe rso n pursua nt to Se c tio n 275(1), o r a ny pe rso n pursua nt to Se c tio n 275(1A), a nd in a c c o rda nc e with the c o nditio ns spe c ifie d in Se c tio n 275, o f the SFA o r (iii) o the r

wise pursua nt to , a nd in a c c o rda nc e with the c o nditio ns o f, a ny o the r a pplic a b le pro visio ns o f the SF A. T his pre se nta tio n is no t inte nde d to pro vide a nd sho uld no t b e re lie d upo n fo r ta x, le g a l o r a c c o unting a dvic e , inve stme nt re c o mme nda tio ns o r a c re dit o r o the r e va lua tio n re g a rding the Co mpa ny o r its se c uritie s. Any inve stme nt de c isio n to purc ha se se c uritie s in the c o nte xt o f a pro po se d o ffe ring , if a ny, sho uld b e ma de o n the b a sis o f the fina l te rms a nd c o nditio ns o f the se c uritie s a nd the info rma tio n c o nta ine d in the o ffe ring do c ume nt pub lishe d in re la tio n to suc h a n

• ffe ring , if a ny, a nd no t o n the b a sis o f this pre se nta tio n. Pro spe c tive inve sto rs sho uld c o nsult the ir ta x, le g a l, a c c o unting o r o the r a dvise rs. Any issua nc e o f se c uritie s ma y invo lve pa rtic ula r risks a nd pro spe c tive inve sto rs sho uld re a d a nd

unde rsta nd the e xpla na tio ns o f re le va nt risks in the fina l ve rsio n o f the o ffe ring do c ume nt (if a ny) b e fo re ma king a ny de c isio ns. T he info rma tio n c o nta ine d in this pre se nta tio n ha s no t b e e n inde pe nde ntly ve rifie d. No re pre se nta tio n o r wa rra nty, e xpre ss o r implie d, is ma de a s to , a nd no re lia nc e sho uld b e pla c e d o n, the fa irne ss, re lia b ility, a c c ura c y, c o mple te ne ss

• r c o rre c tne ss o f suc h info rma tio n o r o pinio ns c o nta ine d he re in. T

he pre se nta tio n sho uld no t b e re g a rde d b y re c ipie nts a s a sub stitute fo r the e xe rc ise o f the ir o wn judg me nt. T he info rma tio n c o nta ine d in this pre se nta tio n sho uld b e c o nside re d in the c o nte xt o f the c irc umsta nc e s pre va iling a t the time a nd ha s no t b e e n, a nd will no t b e , upda te d to re fle c t a ny de ve lo pme nts whic h ma y o c c ur a fte r the da te o f the pre se nta tio n. T he Co mpa ny e xpre ssly disc la ims a ny

• b lig a tio n o r unde rta king to ke e p c urre nt the info rma tio n c o nta ine d in this pre se nta tio n a nd a ny o pinio ns e xpre sse d in it a re sub je c t to c ha ng e witho ut no tic e . No ne o f the Co mpa ny o r a ny o f the ir a ffilia te s, a dvise rs o r re pre se nta tive s

a c c e pt a ny re spo nsib ility o r lia b ility wha tso e ve r (whe the r in c o ntra c t, to rt, stric t lia b ility o r o the r wise ) fo r a ny dire c t, indire c t, inc ide nta l, c o nse q ue ntia l, punitive o r spe c ia l da ma g e s ho wso e ve r a rising fro m a ny use o f this pre se nta tio n o r its c o nte nts o r o the rwise a rising in c o nne c tio n with this pre se nta tio n. Ce rta in sta te me nts in this pre se nta tio n a nd o ra l sta te me nts tha t ma y b e ma de b y the Co mpa ny o r a ny o f its a ffilia te s, a dvise rs o r re pre se nta tive s ma y c o nstitute “fo r wa rd-lo o king sta te me nts”. T he se fo r wa rd-lo o king sta te me nts (if a ny) re fle c t the Co mpa ny’ s b e lie fs a nd e xpe c ta tio ns a b o ut the future a nd a re sub je c t to risks a nd unc e rta intie s. T he se fo rwa rd-lo o king sta te me nts a re b a se d o n a numb e r o f a ssumptio ns a b o ut the Co mpa ny’ s o pe ra tio ns a nd fa c to rs b e yo nd the Co mpa ny’ s c o ntro l, a nd a c c o rding ly, a c tua l re sults, pe rfo rma nc e o r a c hie ve me nts ma y diffe r ma te ria lly fro m a ny future re sults, pe rfo rma nc e o r a c hie ve me nts e xpre sse d o r implie d b y the se fo r wa rd-lo o king sta te me nts. Yo u a re c a utio ne d no t to re ly o n a ny suc h fo rwa rd-lo o king sta te me nts. T he Co mpa ny e xpre ssly disc la ims a ny o b lig a tio n o r unde rta king to re vise a ny fo rwa rd-lo o king sta te me nts to re fle c t future e ve nts, c o nditio ns o r c irc umsta nc e s. All rig hts re se rve d. T his pre se nta tio n c o nta ins pro prie ta ry info rma tio n a nd no pa rt o f it ma y b e re pro duc e d, re distrib ute d o r pa sse d o n, dire c tly o r indire c tly, to a ny o the r pe rso n o r re pub lishe d, in who le o r in pa rt, fo r a ny purpo se .

Disc laime r

1

SLIDE 3

2

Presenters

• Mr. Ching Chia t Kwong

E xe c utive Cha irma n a nd CE O

• Mr. L
• w Se e Ching E

ric

De puty CE O a nd E xe c utive Dire c to r

• Mr. Ooi Che e E

ng

F ina nc ia l Co ntro lle r

SLIDE 4

3

1. Group Overview 2. Key Highlights 3. Operations Overview 4. Financial Overview

Table of Contents

SLIDE 5

1.

Group Overview

• Corporate Snapshot
• Shareholding & Corporate Structure
• Oxley’s Roadmap of Organic and Inorganic Growth
• Geographical Presence across 12 countries

4

SLIDE 6

5

Company ove r vie w

• L

iste d o n SGX-STsinc e 2010 with a ma rke t c a pita liza tio n o f S$2 b illio n a s a t 10 April 2018

• De ve lo p q uality re sid e ntial, c o mme rc ial, ho spita lity, re ta il a nd ind ustria l pro pe rtie s wo rldwide

a t c ho ic e a re a s

• Busine ss pre se nc e a c ro ss 12 g e o g ra phic a l c o untrie s
• Inve stme nt po rtfo lio s in Sing a po re , Ma la ysia , Ca mb o d ia , Ja pa n a nd Cyprus
• Ac q uire d stra te g ic sta ke s in re puta b le c o mpa nie s suc h a s Ga llia rd Gro up (UK), Pind a n Gro up

(Austra lia ) a nd Unite d E ng ine e rs (Sing a po re )

• S$1.6 b illio n o f unb ille d c o ntra c ts a nd GDV o f S$19 b illio n wo rth o f pro je c ts to b e la unc he d / in
• ur po rtfo lio (1)
• On 01 De c 2017, Oxle y Ho lding s L

imite d wa s inc lud e d o n the F T SE ST L a rg e & Mid Ca p Inde x a nd the F T SE STMid Ca p Ind e x

Gr

• up Ove r

vie w

Cor por ate Snapshot

So urc e : Co mp a ny info rma tio n. No te : (1) As a t 31 Ma rc h 2018. Bre a kd o wn a s fo llo ws: S$5b n (Sing a p o re ) a nd S$14b n (Ove rse a s). (2) As a t 10 Ap ril 2018 ma rke t c lo se .

Market data (S$)(2) Share price SGD 0.495 Market cap 2.00 bil Net debt 2,260 mil EV 4,440 mil

SLIDE 7

6

Group Overview

Shareholding & Corporate Structure

Ching Chiat Kwong Low See Ching Eric

41.12% 27.59%

Singapore Projects International Projects Galliard (Group) Limited

20% 40%

So urc e : Co mp a ny d isc lo sure s a s a t 19 Ap r 2018.

Pindan Group Pty Ltd United Engineers Limited

• United Kingdom
• Ireland
• Cyprus
• Cambodia
• Malaysia
• Myanmar
• Vietnam
• Indonesia

16%

• China
• Japan
• Australia

Europe Southeast Asia East Asia Oceania

SLIDE 8

Gr

• up Ove r

vie w

Oxle y’ s Ro a dma p o f Org a nic a nd I no rg a nic Gro wth

So urc e : Co mp a ny info rma tio n.

7

16 Mar 2010:

 Inc o rpo ra te d

Oc t 2010:

 Co nve rte d to pub lic

c o mpa ny

 Cha ng e d na me to Oxle y

Ho lding s L imite d

 L

iste d o n SGX Ca ta list

Apr 2012:

 L

a unc he d Oxle y Bizhub

Mar 2012:

 L

a unc he d Oxle y T

• we r

21 F e b 2013:

 T

ra nsfe rre d to SGX Ma inb o a rd

May 2013:

 E

sta b lishme nt o f S$300 millio n Multic urre nc y Me dium T e rm No te Pro g ra mme

 Pro g ra mme limit inc re a se d

fro m S$300 millio n to S$500 millio n

Jul 2013:

 Ac q uire d 28 Ste ve ns Ro a d,

Sing a po re fo r ho spita lity b usine ss

Mar 2014:

 F

• ra y into UK with la unc h o f

Ro ya l Wha rf, L

• ndo n

 F

• ra y into Ca mb o dia with

la unc h o f T he Bridg e in Ca mb o dia

De c 2014:

 F

• ra y into Ja pa n with

a c q uisitio n o f Chib a Po rt pro pe rty

Jul 2015:

 Ac q uisitio n o f 20% inte re st in

Ga llia rd (Gro up) L imite d a t sub sc riptio n pric e o f GBP50 millio n

Nov 2015:

 F

irst Re ta il Bo nd issue d o n No v 2015

De c 2015:

 Dispo sa l o f Chib a Po rt pro pe rty

De c 2016:

 Ac q uisitio n o f 40% inte re st in

Pinda n Gro up Pty L td a t sub sc riptio n pric e o f A$32 millio n

 F

• ra y into Indo ne sia with

la unc h o f Oxle y Co nve ntio n City in Ba ta m

Jan 2017:

 Co mmitte d o ffic e le a se with

a nc ho r te na nt fo r Dub lin L a nding s

Apr 2017:

 E

sta b lishme nt o f US$1 b illio n Gua ra nte e d E uro Me dium T e rm No te Pro g ra mme

May 2017:

 Ac q uire d 350 Ho ug a ng

Ave nue 7, Rio Ca sa , Sing a po re fo r S$575 millio n, a nd c o mple te d in F e b ’ 18.

Apr 2017:

 F

• ra y into Cyprus with jo int

c o mpa ny in L ima sso l

Jun 2017:

 Ac q uire d 231 Pa sirPa nja ng

Ro a d (“L

• tus @ Pa sir

Pa nja ng ”) fo r S$121 millio n, a nd c o mple te d in No v’ 17.

Jul 2017:

 Ac q uire d Se ra ng o o n Ville

fo r S$499 millio n a nd c o mple te d in Ma r’ 18.

Oc t 2017:

 Ac q uire d 15% o f Unite d

E ng ine e rs fo r S$255 millio n

Nov 2017:

 E

nte re d into a n a g re e me nt to a c q uire Ma yfa ir Ga rde ns fo r S$311 millio n

De c 2017:

 Inc lude d in F

T SE ST L a rg e & Mid Ca p Inde x a nd the F T SE ST Mid Ca p Inde x.

 E

nte re d into a n a g re e me nt to a c q uire Che vro n Ho use fo r S$660 millio n a nd c o mple te d in Ma r’ 18.

 E

nte re d into a n a g re e me nt to a c q uire Vista Pa rk fo r S$418 millio n

Comme nc e me nt Ac quisition a nd Org a niza tiona l De ve lopme nt Stra te g ic Growth

Oc t 2010:

 L

iste d with ma rke t c a p

• f S$0.56 b illio n

Apr 2012:

 Oxle y Bizhub wa s the first

industria l pro je c t to ha ve life style fe a ture s. Oxle y se t a ne w pric e sta nda rd fo r the a re a . Pric e s inc re a se d fro m 400psf to 667psf

 Oxle y T

• we r wa s fully so ld

F e b 2013:

 T

ra nsfe rre d to SGX Ma inb o a rd with ma rke t c a p o f S$1.08 b illio n

Jul 2013:

 Ac q uire d a la nd pa rc e l o f c .18,477 sq m

lo c a te d a lo ng 30 Ste ve ns Ro a d – 254 ro o ms unde r No vo te l a nd 518 ro o ms unde r Me rc ure

Nov 2015:

 Re ta il b o nd pla c e me nt is 4 time s

• ve rsub sc rib e d

De c 2015:

 Dispo sa l o f Chib a Po rt pro pe rty with a

pro fit o f S$25 millio n

Stra te g ic re turn to Sing a pore

Apr – Jul 2017:

 Ra ise d a to ta l o f US$355 millio n unde r US$1

b illio n Gua ra nte e d E MT N

Mile stone s

2010 2011 2012 2013 2014 2015 2016 2018 2017

Jan 2018:

 F

urthe r ra ise d S$150m unde r the US$1 b illio n Gua ra nte e d E MT N.

SLIDE 9

8

Group Overview

Geographical Presence Across 12 Countries

SINGAPORE CAMBODIA

E UROPE

Unite d Kingdom

Southe ast Asia E ast Asia Oc e ania

Ir e land CHINA JAPAN INDONE SIA MAL AYSIA MYANMAR AUST RAL IA Cypr us VIE T NAM

SLIDE 10

2. Key Highlights

• Established property developer, strong brand

recognition

• Strong sales ability – recent projects
• Our strategy

9

SLIDE 11

10

Key Highlights

Established property developer, strong brand recognition

Awar d- winning de ve lopme nts

De ve lopme nt of the Ye a r RE SI Awa r ds, L

• ndon

Ro ya l Wha rf 2015

Be st Offic e Ar c hite c tur a l De sig n 2017

Oxle y T

• we r

T

• p 10 De ve lope r

s BCI Asia Awa r ds, Sing a por e

No vo te l / Me rc ure o n Ste ve ns 2015

Winne r (Offic e ) Sing a por e Pr

• pe r

ty Awa r ds F IABCI- Sing a por e

Oxle y T

• we r

2017

T he E dg e Billion Dolla r Club

Oxle y Ho lding s L imite d 2016 a nd 2017

Sing a por e Re d Cr

• ss

Huma nita r ia n Awa r d

Oxle y Ho lding s L imite d 2014

Re a l E sta te Pe r sona lity of T he Ye a r 2017

Oxle y Ho lding s L imite d, CE O Ching Chia t K wo ng

Be st Hote l Ar c hite c tur a l De sig n 2017

No vo te l o n Ste ve ns, Me rc ure o n Ste ve ns

SLIDE 12

11

Key Highlights

Strong Sales Ability – recent projects

Royal Whar f

Oxle y Conve ntion City

2,427 2,634 3,385 3,385 1,753 2,321 3,018 3,052 Jun-15 Jun-16 Jun-17 Ma r-18

(# o f units)

1,709 2,075 2,312 2,319 1,146 1,480 2,102 2,253 Jun-15 Jun-16 Jun-17 Ma r-18

(# o f units) So urc e : Co mp a ny info rma tio n.

Cumulative launched units Cumulative sold units

T he Pe ak

507 1,014 1,264 1,264 164 266 548 747 Jun-15 Jun-16 Jun-17 Ma r-18

(# o f units)

T he Br idge

600 600 1,293 253 315 332 No v-16 Jun-17 Ma r-18

(# o f units)

The Group has entered into a conditional agreement in March 2018 to dispose 80% interest in the above project.

SLIDE 13

Key Highlights

Our Strategy

12

How we stay ahead of the competition

Dive r sify E ar nings Str ate gic Allianc e s and Ac quisitions Capital E ffic ie nt Mode l Pr

• duc t Diffe r

e ntiation

Diversification Strategic Alliances and Acquisitions Capital Efficient Model Product Differentiation

Oxley is always on the lookout for development opportunities. In the span

• f

7 years, Oxley has expanded to 12 different countries. Oxley has been building up its investment and hospitality portfolio. We have been seeking to increase recurring rental income streams to augment our property development business. Oxley has embarked on strategic and lasting partnerships with

• verseas developers to tap on their

institutional knowledge and

• expertise. These partnerships have

enabled us to break into different markets. Oxley has acquired stakes in reputable companies such as Galliard Group from the United Kingdom, Pindan Group from Australia and United Engineers from

• Singapore. This would allow us to

better manage our expansion and development risks, whilst leveraging

• n

partners’ local experiences and best practices to gain access to new markets and solidify Oxley’s operating presence An asset light acquisition model is used in our overseas markets. In some countries, Oxley has structured capital efficient deals with authorities or local

• landowners. In appropriate situations,

this allows the Group to commit lower amounts of capital while enjoying strong cash flows when the Group launches and sells the properties. Our strategic partnerships with local developers help us to manage the costs and risks involved. We have diversified

• ur

funding sources and optimised our cost of capital by monitoring the markets for favourable opportunities to build up capital resources. We collaborate with renowned architects and designers to create architecturally inspiring and unique projects with attractive yet practical floor plans and designs. We intend to continue leveraging

• n
• ur

brand name and experience in developing, premium properties.

SLIDE 14

13

Key Highlights

Some of Oxle y’s major ac quisitions in Singapor e

Chevron House - Purchased for S$660 million Land size : 2,778 sqm Vista Park - Purchased for S$418 million Land Size : 29,659 sqm Est GDV : S$835 million Est No. of units : 593 Rio Casa- purchased for S$575 million Land size : 36,811 sqm Est GDV : S$1.5 billion Est No. of units : 1472

Verandah Residences- Purchased for S$121 mill

Land Size : 8,326 sqm Est GDV : S$247 million

• No. of units : 170

Serangoon Ville- purchased for S$499 million Land size : 27,584 sqm Est GDV : S$1.4 billion Est No. of units : Residential 1,052; Commercial 5 Mayfair Gardens - purchased for S$311 million Land size : 19,368 sqm Est GDV : S$675 million Est No. of units : 386

Acquired 16% of United Engineers

SLIDE 15

14

Key Highlights

Some of Oxle y’s major ac quisitions in Singapor e (c ontinue d)

The Singapore property market is on the upturn and Oxley is a key beneficiary of it for 2 key reasons

Oxley’s has a landbank of approximately 3900 units with an estimated GDV of SGD$5bn.

Oxley has bought sites at competitive prices resulting in an uplift in land value of most of its sites.

SLIDE 16

15

Key Highlights

An uplift in land value

De ve l

• pe r

Pr

• pe r

ty Na me L

• c a tion

Psf Ppr Vs Uplift in L a nd Va lue De ve lop e r Pr

• pe r

ty Na me L

• c a tion

Psf Ppr

Oxle y Rio Ca sa Ho ug a ng Ave nue 7 669 (842-669) X 396,231=

SGD$68, 547, 963

L

• g a n

Pro pe rty F lo re nc e Ag e nc y Ho ug a ng Ave nue 2 842 Oxle y Se ra ng o o n Ville Se ra ng o o n No rth Ave nue 1 835 (964.8-835) X 296,913=

SGD$38, 539, 307

K e ppe l L a nd Se ra ng o

• n No rth

GL S

Se ra ng o o n No rth Ave nue 1 964.8

SLIDE 17

16

Key Highlights

An uplift in land value (c ontinue d)

De ve lop e r Pr

• pe r

ty Na me L

• c a tion

Psf Ppr Vs Uplift in L a nd Va lue De ve lop e r Pr

• pe r

ty Na me L

• c a tion

Psf Ppr

Oxle y Ma yfa ir Ga rde ns Rifle Ra ng e Ro a d 1244 (1800** -1244) X 208,477=

SGD$115, 913, 212

Allg re e n Ro ya l Ville Bukit T ima h Ro a d 1960 Allg re e n Crysta l T

• we r

E we Bo o n Ro a d 1840 Allg re e n 4th Ave nue

GL S

F

• urth

Ave nue 1540 ** Assumptio n - $1800 is the a ve ra g e b id pric e o f the 3 pie c e s o f la nd sta te d a b o ve .

SLIDE 18

17

Key Highlights

F ull Suite De ve lope r

Oxley utlilizes its real estate expertise across the following areas:

Dublin Landings Dublin Yangon Central Railways Station Yangon Royal Wharf London Sino Singapore Health City Gaobeidian FINANCIAL DISTRICT TRANSIT-ORIENTED DEVELOPMENT TOWNSHIP DEVELOPMENT SPORTS & HEALTH CITY

* Pho to s are Artist’ s I mpre ssio n

SLIDE 19

3. Operations Overview

18

• Development Portfolio
• Investment Portfolio
• Mergers and Acquisitions

SLIDE 20

19

De ve lopme nt Por tfolio

SLIDE 21

20

Operations Overview

De ve lopme nt Por tfolio – Singapor e

• Oxley is developing one of the largest

developments in Singapore – Rio Casa

• Actively deploying capital in strategic land

acquisitions

Singapore Development Portfolio Snapshot as at 31 March 2018 S$146 million of unbilled progress billings S$5 billion worth of properties in our portfolio/ to be launched.

Unbilled contract GDV to be launched/ in

• ur portfolio

S$146 millio n S$5 b illio n

SLIDE 22

21

Operations Overview

Development Portfolio – Singapore (continued)

Ar tist’s impr e ssio n

Property name Rio Casa Group’s Stake 35% Type Residential Location 350 Hougang Avenue 7, Rio Casa Land Area (sq m) 36,811 Expected Launch Date 1H2018 Tenure 99 Years Leasehold* Gross Floor Area (sq m) 103,071

Est GDV S$1.5 billion

* Subject to Strata Titles Board approval

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

SLIDE 23

22

Operations Overview

Development Portfolio – Singapore (continued)

Property name Serangoon Ville Group’s Stake 40% Type Residential Location 128 - 134 Serangoon North Avenue 1 Land Area (sq m) 27,584 Expected Launch Date 1H2018 Tenure 99 Years Leasehold* Gross Floor Area (sq m) 77,235

Est GDV S$1.4 billion

* Subject to Strata Titles Board approval

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

SLIDE 24

23

Operations Overview

Development Portfolio – Singapore (continued)

Property name Vista Park Group’s Stake 100% Type Residential Location 50-66 South Buona Vista Road Land Area (sq m) 29,659 Expected Launch Date 2H2018 Tenure 99 Years Leasehold* Gross Floor Area (sq m) 41,522

Est GDV S$835 mil

* Subject to Strata Titles Board approval

L

• c ation Map

SLIDE 25

24

Operations Overview

Development Portfolio – Singapore (continued)

Property name Mayfair Gardens Group’s Stake 100% Type Residential Location 2, 4, 6, 8, 10, 12 and 14 Rifle Range Road Land Area (sq m) 19,368 Expected Launch Date Plot 1&2 – 2H2018 Plot 3 -2H2018 Tenure 99 Years Leasehold* Gross Floor Area (sq m) 31,833

Est GDV S$675 million

* Subject to Strata Titles Board approval

L

• c ation Map

SLIDE 26

25

Property nameVerandah Residences Group’s Stake 100% Type Residential Location 231 Pasir Panjang Road Land Area (sq m) 8,326 Launch Date April 2018 Tenure Freehold Gross Floor Area (sq m) 11,906

Est GDV S$247 million

Operations Overview

Development Portfolio – Singapore (continued)

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

82% sold

SLIDE 27

26

Operations Overview

Development Portfolio – Singapore (continued)

Property name 3 Tessensohn Road Group’s Stake 100% Type Mixed Development Location 3 Tessensohn Road Land Area (sq m) 1,688 Expected Launch Date 2H2018 Tenure Freehold Gross Floor Area (sq m) 5,063

Est GDV S$105 mil

L

• c ation Map

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

SLIDE 28

27

Operations Overview

Development Portfolio – Singapore (continued)

Property name Sixteen35 Residences Group’s Stake 100% Type Mixed Development Location 16 Lorong 35 Geylang Land Area (sq m) 2,220 Expected Launch Date 1H 2018 Tenure 99 years leasehold Gross Floor Area (sq m) 6,215

Est GDV S$56 mil

L

• c ation Map

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

SLIDE 29

28

Operations Overview

Development Portfolio – Singapore (continued)

Property name Apartment 8 Group’s Stake 100% Type Residential Location 21 Meyappa Chettiar Road Land Area (sq m) 898.1 Expected Launch Date 2H2018 Tenure Freehold Gross Floor Area (sq m) 1,886.3

Est GDV S$38 mil

L

• c ation Map

SLIDE 30

29

Operations Overview

De ve lopme nt Por tfolio – Singapor e (c ontinue d)

Property nameSea Pavilion Residences Location 494 Upper East Coast Road Tenure Freehold Group’s Stake 100% Land Area (sq m) 1,292 Gross Floor Area (sq m) 1,809 Type Residential Expected Launch Date 1H2018

Est GDV S$33 million

Ar tist’s impr e ssio n

SLIDE 31

30

Operations Overview

Development Portfolio – Singapore (continued)

Property name Parkwood Residences Group’s Stake 100% Type Residential Location 208, Yio Chu Kang Road Land Area (sq m) 1,313 Expected Launch Date 1H2018 Tenure Freehold Gross Floor Area (sq m) 1,838

Est GDV S$29 mil

L

• c ation Map

Ar tist’s impr e ssio n

SLIDE 32

31

Operations Overview

Development Portfolio – Singapore (continued)

Property name Ampas Apartment Group’s Stake 100% Type Residential Location 5 Jalan Ampas Land Area (sq m) 2,809 Expected Launch Date 2H2018 Tenure Freehold Gross Floor Area (sq m) 7,866

Est GDV S$161 mil

L

• c ation Map

SLIDE 33

32

Operations Overview

De ve lopme nt Por tfolio – Unite d Kingdom

• Amongst Singaporean Developers, Oxley has one of the

largest presence in the UK housing market

• Developing

a 394,026 sqm waterfront township (known as Royal Wharf) in East London along River Thames which consists more than 3,000 homes

• 90% of total units sold* and successfully handed over

more than 1,000 units.

• Expected to handover at least 308 units by June 2018.

* As a t 31 Ma r 18

Unbilled contract GDV to be launched/ in

• ur portfolio

S$1.2 b illio n S$1 b illio n

UK Development Portfolio Snapshot S$1.2 billion of unbilled progress billings S$1 billion worth of properties in our portfolio/ to be launched.

SLIDE 34

33

Operations Overview

Development Portfolio – United Kingdom (continued)

Ar tist’s impr e ssio n

Property nameRoyal Wharf Group’s Stake 100% Type Township Development Location North Woolwich Road, London, Land Area (sq m) 169,958 Launched Date Phase 1A (Mar 14), Phase 1B United Kingdom (Jun 14), Phase 2 (Sep 14) Phase 3 (Feb 16) % Sold Phase 1A: 99%; Phase 1B: 94%; Phase 2: 93%: Phase 3: 76% Tenure 999 years leasehold Gross Floor Area (sq m) 394,026

Est GDV S$2.7 billion

SLIDE 35

34

Operations Overview

Development Portfolio – United Kingdom (continued)

Property name Deanston Wharf Group’s Stake 50% Type Residential with commercial units at ground level Location Bradfield Road, London, E16 2AX Land Area (sqm) 22,830 Expected Launch Date 2H2018 Tenure 999 years leasehold Gross Floor Area (sqm) 79,033

EST GDV S$647 million

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

SLIDE 36

35

Operations Overview

De ve lopme nt Por tfolio – Cambodia

• Oxley is developing the first Shangri-La Hotel in Cambodia
• Oxley is the first developer to introduce the Soho concept in

Cambodia

Cambodia Development Portfolio Snapshot S$195 million of unbilled progress billings S$951 million worth of properties in our portfolio/ to be launched.

Unbilled contract GDV to be launched/ in

• ur portfolio

S$195 millio n S$951 millio n

SLIDE 37

36

Operations Overview

De ve lopme nt Por tfolio – Cambodia (c ontinue d)

T he Br idge Constr uc tion Pr

• gr

e ss as of Mar 2018

Ar tist’s impr e ssio n

Property name The Bridge Group’s Stake 50% Type Mixed Development Location Village No.14, National Assembly Street, Land Area (sq m) 10,090 Launched Date March 2014- Residential Tonle Bassac Commune, Chamkarmorn District, June 2014- SOHO, May 2016- Retail Phnom Penh, Cambodia % Sold Residential 99%, SOHO 96%, Retail 98% Tenure Freehold Gross Floor Area (sq m) 150,399

Est GDV S$564.6 million

SLIDE 38

37

Operations Overview

De ve lopme nt Por tfolio – Cambodia (c ontinue d)

T he Pe ak

Ar tist’s impr e ssio n

Key Feature The first Shangri-La Hotel in Phnom Penh

Constr uc tion pr

• gr

e ss as of Mar 2018

Property name The Peak Group’s Stake 79% Type Mixed Development- Residential, Commercial, Hotel, Offices Location Village No 14, Sam Dach Hun Sen Road, Tonle Bassac Commune, Chamkamorn District, Phnom Penh, Cambodia Land Area (sqm) 12,609 Launched Date Sep 2015 – Residential (Phase 1) May 2016 – Residential (Phase 2) Nov 2016 – Office % Sold Residential (Phase 1): 56%, Residential (Phase 2): 42%, Office: 100% Tenure Freehold Gross Floor Area (sqm) 208,750

EST GDV S$486.8 million

SLIDE 39

38

Operations Overview

Development Portfolio – Cambodia (continued)

Upc oming la unc he s

* Sub je c t to autho ritie s appro val

# Sub je c t to c hang e s

T he Gar age

Ar tist’s impr e ssio n

Property name: The Palms Location Kdey Takoy Village, Veal Sbov Commune, Mean Chey District, Phnom Penh (Mekong Riverside) Tenure Freehold Group’s Stake 79% Land Area (sq m) 37,689 Gross Floor Area (sq m) 65,592 Type Residential Launched Date Dec 2017 (57 units sold to-date)

Est GDV S$125.8 million

Property name: The Garage Location The Garage Land at Street 84, Village 13, Srah Chork Commune, Daun Penh District , Phnom Penh (The Garage) Tenure Freehold Group’s Stake 79% Land Area (sq m) 8,921 Gross Floor Area (sq m) TBC Type Mixed Development Expected Launch Date TBC

Est GDV S$399.8million

Ar tist’s impr e ssio n

T he Palms

SLIDE 40

39

Operations Overview

Development Portfolio – Malaysia

• Oxley is building the first Jumeirah Kuala Lumpur

Hotel and Jumeirah Living Kuala Lumpur Residences, as well as SO Sofitel Hotel and SO Sofitel Kuala Lumpur Residences Unbilled contract GDV to be launched/ in

• ur portfolio

S$0.5 millio n S$2.3 b illio n

Malaysia Development Portfolio Snapshot S$0.5 million of unbilled progress billings S$2.3 billion worth of properties in our portfolio/ to be launched.

SLIDE 41

40

Operations Overview

Development Portfolio – Malaysia (continued)

Oxle y T

• we r

s Kuala L umpur City Ce ntr e L

• c ation Map

Property name Oxley Towers KLCC Group’s Stake 100% Type Mixed Development- Residential, Commercial and Offices Location Grant No. 27706, Lot 99, Section 0058 Mukim Bandar Kuala Lumpur, Daerah Kuala Lumpur Land Area (sqm) 12,575 Launch Date Office: 1H2018 SO Sofitel Resi : 1H2018 Tenure Freehold Gross Floor Area (sqm) 175,979

EST GDV S$971.1 million (including

residential and commercial excluding hotel)

SLIDE 42

41

Operations Overview

Development Portfolio – Malaysia (continued)

Mixe d de vt in Se langor

Ar tist’s impr e ssio n

Mixe d de vt in Johor

Ar tist’s impr e ssio n

Re side ntial de vt in Se langor

Ar tist’s impr e ssio n

No L

• c ation/ Name

T e nur e De ve lopme nt T ype * L and Ar e a (sq m) Gr

• up’s

Stake E ST GDV

1 Plot B3 & B5 Iskandar, Johor (”Medini”) 99 + 30 years Mixed 17,300 100% S$215.7 million 2

• No. Hakmilik 1038,Lot 26315, Bt 6 Jalan Damansara, Daerah Petaling, Bandar Petaling Jaya,

Negeri Selangor (”Section 16”) Freehold Mixed 19,098 100% S$164.6 million 3 Geran Mukim 1146, Lot 46, Kuala Lumpur (”Robson”) Freehold Residential 7,710 50% S$23.6 million 4 Mukim 18, Daerah Timor Laut, Penang (”Pepper Hill”) Freehold Residential 119,876 70%1 S$702.9 million 5 Lot 347, GM269 Bandar Ulu Kelang, Daerah Gombak, Negeri Selangor (”Beverly”) Freehold Residential 61,588 50% S$247.4 million

• * S

ub je c t to autho ritie s appro val

• 1 T

he g ro up do e s no t o wn the land. I t has the rig ht to de ve lo p the pro pe rty pursuant to a jo int ve nture ag re e me nt

SLIDE 43

42

Operations Overview

Development Portfolio – Ireland

• Oxley won a 2.35 ha mixed development site in the North Wall

Quay competitive tendering process conducted by the National Asset Management Agency of Ireland

• Agreement for lease with Ireland’s National Asset Management

Agency of Ireland to develop and dispose (by way of letting or

• therwise) the 2.35 ha mixed development
• Plot is next to the proposed new headquarters of the Central Bank
• f Ireland
• Developing a 60,000 sq m Grade A office and over 200 apartments

development in Dublin central business area

• Agreement for lease with National Treasury Management Agency to

lease Levels 3 to 8 of Block Dublin Landings

Unbilled contract GDV to be launched/ in

• ur portfolio
• S$1.3 b illio n

Ireland Development Portfolio Snapshot as at 31 March 2018 S$1.3 billion worth of properties in our portfolio/ to be launched.

SLIDE 44

43

Operations Overview

Development Portfolio – Ireland (continued)

Constr uc tion pr

• gr

e ss as of Mar 2018 Dublin L andings

Ar tist’s impr e ssio n

Property name Dublin Landings Group’s Stake 90% (Residential); 79.5% (Office) Type Mixed Development- Residential and Office Location 72 – 80 North Wall Quay, Dublin 1 Land Area (sqm) 23,500 Expected Launch Date 2H2018 (Residential) Tenure 300 years Gross Floor Area (sqm) 91,304

EST GDV S$1.3 billion

Block D1 sold (expected completion: May 18) – Eur 164 mil (S$ 263 mil)

SLIDE 45

44

Operations Overview

Development Portfolio – Indonesia

• Oxley Convention City is a flagship masterplan development

covering a land area of approximately 20,000 sqm.

• This iconic development comprises of Batam’s first office

tower with an integrated convention centre, an exclusive hotel, an exciting retail and F&B avenue, a vibrant collection

• f shophouses and three towers of luxurious residences.
• The Group has entered into a conditional agreement in

March 2018 to dispose 80% interest in the above project.

Unbilled contract GDV to be launched/ in

• ur portfolio

S$22.9 millio n S$342 millio n

Indonesia Development Portfolio Snapshot S$22.9 million of unbilled progress billings S$342 million worth of properties in our portfolio/ to be launched.

SLIDE 46

45

Operations Overview

Development Portfolio – Indonesia

Oxle y Conve ntion City

Ar tist’s impr e ssio n

Ke y F e atur e s

• Stra te g ic a lly lo c a te d a t

the he a rt o f Ba ta m’ s fina nc ia l d istric t a nd pa rt o f the fre e tra d e zo ne

Property name Oxley Convention City Group’s Stake 50% Type Mixed Development- Residential, Office and Hotel Location Jalan Raja Haji Fisabillilah Batam Land Area (sqm) 20,000 Launched Date Dec 2016 – Residential, Commercial (Phase 1): 25% sold Tenure 35 years HGB, subject to renewal Construction Floor Area (sqm) 208,373

EST GDV S$373.1 million

SLIDE 47

46

Operations Overview

Development Portfolio – China

• Development is strategically located 40km away from

China’s newly-announced third special economic zone, Xiongan New Area

• Residential prices in the vicinity has risen to RMB

12,000 psm from RMB 4,000 psm

• Prices are expected to reach RMB20,000 psm within

the next 2 years Unbilled contract GDV to be launched/ in

• ur portfolio
• S$4 b illio n

China Development Portfolio Snapshot S$4 billion worth of properties in our portfolio/ to be launched.

SLIDE 48

47

Operations Overview

Development Portfolio – China (continued)

* Subject to authorities approval

Gaobe idian

Ar tist’s impr e ssio n

Property name 中新健康城 (Gaobeidian /

Sino-Singapore Health City)

Group’s Stake 27.5% Type Township Development Location Plots 17, 20, 21 & 22 Shangdong New Town, An Tai Road, Gaobeidian, Hebei Province, People’s Republic of China Land Area (sqm) 5.3 million (8,000mu) Expected Launch Date Phase 1: 2018 Tenure* 40/50/70 years (leaseholds for the development with the Township vary) Est Gross Floor Area (sqm) 2 million

EST GDV S$4 billion

Ar tist’s impr e ssio n

SLIDE 49

48

Operations Overview

Development Portfolio – Myanmar

Unbilled contract GDV to be launched/ in

• ur portfolio

S$11 millio n S$3.6 b illio n

Myanmar Development Portfolio Snapshot S$11 million of unbilled progress billings S$3.6 billion worth of properties in our portfolio/ to be launched.

• Oxley has been shortlisted for a mixed development project at Myanmar’s Yangon

Central Railway Station

• This tender exercise has been participated by many international developers and

funds

SLIDE 50

49

Project name Yangon Central Railways Station Area

Comprehensive Development Project

Group’s Stake 30% Type Transit Development Location Yangon Central Railways Station Area Land Area (sqm) 257,464 Launched Date TBA Tenure Leasehold Gross Floor Area (sqm) 1,091,319

EST GDV S$3.3 billion

Ar tist’s impr e ssio n

Operations Overview

Development Portfolio – Myanmar (continued)

Ke y F e atur e s

• Mya nma r’ s first-e ve r T

OD (T ra nsit-Orie nte d De ve lo pme nt)

• Inte g ra ting ra il a nd ma ss-tra nsit, the tra nspo rt

hub will ble nd the o ld a nd futuristic

• Mix-use d e ve lo pme nt c o mprising o f a wo rld -

c la ss c o mme rc ia l d istric t, to we rs, ho using , b usine ss ho te l a nd se rvic e d a pa rtme nts, c o mmuna l pa rk a nd a ra ilwa y muse um

• Ne w fo c a l po int a nd ic o n o f the c ity
• 10,000 jo b o ppo rtunitie s fo r lo c a ls

SLIDE 51

50

Property name Min Residences Group’s Stake 50% Type Mixed Development Location Block No., Min Dhama Road, Ward No.(4), Mayangone Township, Yangon Region, Myanmar Land Area (sqm) 12,889 Launched Date May 17 Tenure Grant Land Gross Floor Area (sqm) 122,579

EST GDV S$313 million

Min Re side nc e s

Ar tist’s impr e ssio n

Operations Overview

Development Portfolio – Myanmar (continued)

Ke y F e atur e s

• Min

Re side nc e s is d e sig ne d to wo rld -c la ss sta nd a rd s

• f

luxury living with

• ve r

60 fa c ilitie s e xc lusive ly fo r re sid e nts.

• It is situa te d in a prime

lo c a tio n, within 5 minute s d rive fro m the future CBD a nd 10 minute s d rive fro m the Ya ng o n Inte rna tio nal Airpo rt.

SLIDE 52

51

Operations Overview

Development Portfolio – Cyprus

• Oxley has ventured into Cyprus with a joint company

in April 2017

• Developing estimated 100 high-rise residential units
• Situated at the east part of the Greater Limassol Area

with an extensive coastal frontage

• n

the Mediterranean Sea

• Clearly an icon and a signature project for Limassol

Unbilled contract GDV to be launched/ in

• ur portfolio
• S$736 millio n

(Re side ntia l)

Cyprus Development Portfolio Snapshot S$736 million worth of Residential properties in our portfolio/ to be launched.

SLIDE 53

52

Operations Overview

Development Portfolio – Cyprus (continued)

Property name Limassol Oxley

Cyprus Development

Group’s Stake 50% Type Residential Location Limassol Land Area (sqm) 102,637 Expected Launch Date 2H2018 Tenure Freehold Gross Floor Area (sqm) 33,400

EST GDV S$736 million

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

Ke y F e atur e s

• Situated at the east part
• f the Greater Limassol

Area with an extensive coastal frontage on the Mediterranean Sea

Ar tist’s impr e ssio n

SLIDE 54

Investment Portfolio

• Commercial and Office
• Hospitality
• Residential
• Industrial

53

SLIDE 55

54

Operations Overview

Investment Portfolio – Commercial & Office, Singapore

Che vr

• n House

L

• c ation Map

Property name Chevron House Group’s Stake 100% Type Commercial Location 30 Raffles Place Land Area (sqm) 2,777.9 Occupancy Office 98% ; Retail 100% Tenure 99 years leasehold Gross Floor Area (sqm) 24, 273

Recurring Income S$41 million p.a. Indicative Valuation S$750 million

SLIDE 56

55

Operations Overview

Investment Portfolio – Commercial, Singapore (continued)

Property name 11 Commercial Units @

Stevens Road

Group’s Stake 100%

Recurring Income

• f

commercial units

S$2.1 million p.a.

Location 30 Stevens Road Land Area (sqm) 18,477 (Hotel & Commercial)

Indicative Valuation of whole development

S$980 million

Tenure 103 years leasehold Type Commercial development Gross Floor Area (sqm) Commercial 2,849 Operations Leasing ; commenced from Oct 2017

Indicative Valuation (commercial units)

S$94 million

SLIDE 57

56

Operations Overview

Investment Portfolio – Commercial, Singapore

F lor avista

Property name Floravista Group’s Stake 55% Recurring Income S$1.2

million per annum

Location 7 Ang Mo Kio Street 66 Land Area (sqm) 5,721 Indicative Valuation S$53

million

Tenure Freehold Gross Floor Area (sqm) 1,400

SLIDE 58

57

Operations Overview

Investment Portfolio – Commercial, Singapore

T he Rise @ Oxle y

Property name The

Rise @ Oxley

Group’s Stake 100% Type Commercial Location 71 Oxley Rise Land Area (sqm) 2,381

Recurring Income S$2.1 million per annum

Tenure Freehold Gross Floor Area (sqm) 1,529

Indicative Valuation S$75 million

SLIDE 59

58

Operations Overview

Investment Portfolio – Hospitality, Singapore

Novote l on Ste ve ns & Me r c ur e on Ste ve ns

Property name Novotel Singapore on

Stevens/ Mercure Singapore on Stevens

Group’s Stake 100%

Recurring income S$54.4 million based

• n 88% occupancy rate

Location 28 Stevens Road Type Hotel development and Ownership

Indicative Valuation of whole development S$980 million

Tenure 103 years leasehold

• No. of rooms Novotel - 254; Mercure - 518

Operations Novotel – Commenced Operations from Oct 2017; Mercure – Commenced Operations in Dec 2017

Indicative Valuation of Hotels S$886 million

SLIDE 60

59

Operations Overview

Investment Portfolio – Hospitality, Malaysia

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

Property name

Jumeirah Kuala Lumpur Hotel

Group’s Stake 100% Type Hotel development Location KLCC Rooms 181 Operations TBC Tenure Freehold Recurring income S$15 million p.a. based on 70%

• ccupancy rate

Indicative valuation S$120 million Property name SO

Sofitel Kuala Lumpur Hotel

Group’s Stake 100% Type Hotel development Location KLCC Rooms 207 Operations TBC Tenure Freehold Recurring income S$ 21 million p.a. based

• n 70% occupancy

rate Indicative valuation S$113 million

Jume ir ah Kuala L umpur Hote l SO Sofite l Kuala L umpur Hote l

SLIDE 61

60

Operations Overview

Investment Portfolio – Hospitality, Cambodia



L uxury Inte rna tio na l ho te l



300 ro o ms & suite s



Chine se & Spe c ia lty Re sta ura nt



Ba llro o m



F unc tio n Ro o ms



L

• ung e Ba r



Ro o f T

• p Ba r

Shangri-La Hotel, Phnom Penh

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

Property name Shangrila Hotel Group’s Stake 79%

Recurring income S$10 million based on 70% occupancy rate

Location Phnom Penh Type Hotel development

Indicative valuation S$150 million

Tenure Freehold Operations TBC

SLIDE 62

61

Operations Overview

Investment Portfolio – Hospitality, Cyprus

Property name Limassol Oxley

Cyprus Development (Hotel)

Group’s Stake 50%

Recurring income S$30 million p.a.

Location Limassol Land Area (sqm) 102,637

Indicative valuation S$128 million

Tenure Freehold Gross Floor Area (sqm) 33,400

Ar tist’s impr e ssio n

Ke y F e atur e s

• Situated at the east part of

the Greater Limassol Area with an extensive coastal frontage on the Mediterranean Sea

• Estimated 250 hotel rooms

Ar tist’s impr e ssio n Ar tist’s impr e ssio n

SLIDE 63

62

Operations Overview

Investment Portfolio – Residential, Japan

Soho Akasaka

Property name Soho

Akasaka

Group’s Stake 100% Type Residential Location Lot Numbers 1603 and 1604, Akasaka 2-chome, Minato-ku, Tokyo, Japan Land Area (sqm) 165 Occupancy 100% Tenure Freehold Gross Floor Area (sqm) 651

Recurring Income S$400,000 per annum Indicative Valuation S$10 million

SLIDE 64

63

Operations Overview

Investment Portfolio – Industrial, Singapore

Spac e @T ampine s L

• c ation Map

Property name Space @ Tampines Group’s Stake 70% Type Industrial Location No. 18, Tampines Industrial Crescent Land Area (sqm) 38,800 Occupancy 94% Tenure 30 years leasehold Gross Floor Area (sqm) 65,893

Recurring Income S$11 million pa Indicative Valuation S$200million

SLIDE 65

64

Mergers and Acquisitions

SLIDE 66

65

Operations Overview

Key Investment – United Engineers

Oxley holdings has acquired 16% of United Engineers for more than S$255 million

An opportunity to gain access to a quality property portfolio which is undervalued considering the current bid prices for land in Singapore Company profile: United Engineers was founded in 1912, and is the 11th oldest company in Singapore United Engineers is a real estate company with property businesses mainly in China and Singapore. In Singapore, United Engineers develops and owns iconic buildings such as UE Square and Rochester Mall Rochester mall and Park Avenue Rochester Freehold Mixed development- retail and hotel Buona Vista Road UE Bizhub Tower Freehold Anson Road UE Square 999 years Cleamenceau Avenue

Key Financials SGDm FY2013 FY2014 FY2015 FY2016 FY2017 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 Revenue 1,665 3,209 851 480 539 EBITDA 82 244 169 108 145 % margin 13.86% 12.92% 25.75% 40.39% 36.67% Net income 118 124 102 141 86

So urc e : SGX, a s o f 16 Aug ust 2017

SLIDE 67

66

Operations Overview

Key Associates – Galliard (Group) Limited

• In 2015, Oxley Holdings acquired a 20% stake in Galliard group for 50

million pounds.

• Galliard has a portfolio of over 8,500 residential units and hotel suites plus circa 750,000 ft
• f commercial floor space across London and southern England, with an additional over

3,600 units subject to planning approval.

• Galliard has strategic partnerships with Cainhoy and Frogmore- well known private equity

funds.

Key Financials GBPm FY2013 FY2014 FY2015 FY2016 FY2017 Revenue 190,467 127,723 116,691 261,325 398,695 % growth

• 32.9%
• 8.6%

123.9% 52.6% EBITDA 49,006 25,258 56,583 52,265 80,421 % margin

• 48.5%

124.0%

• 7.6%

53.9% PBT 19,420 14,192 15,151 69,389 48,970 Net income 14,577 10,276 11,196 65,990 44,198 No of units Galliard Homes Current developments 6,459 Upcoming development 3,639 Galliard Construction Current developments 5,938 Upcoming development 5,252 Galliard Commercial Current developments 546 Upcoming development N.A. Galliard Homes Letting Current developments 2,762 Upcoming development N.A. N.A. 4 N.A. Gross Development Value GBPm 1,501 485 1,117 935 98

• The Galliard Group business comprises four business divisions, namely,
• Galliard Homes which undertakes sales and marketing for the Galliard Group’s portfolio of

homes,

• Galliard Construction which handles commercial, residential and mixed-use developments, and

construction for joint venture projects and third party developments,

• Galliard Commercial which develops hotels, commercial and retail premises, and undertakes

joint venture projects and third party work,

• Galliard Homes Letting (in partnership with Life Residential) which handles tenancy and re-sale

transactions and operates from 13 London branches with investor relation offices located in Singapore, Hong Kong and Cape Town. It currently lets and manages over 3000 London apartments for investors in over 50 countries worldwide with sales transactions amounting to circa £100,000,000 per annum.

Notable Developments Great Scotland Yard Hotel previously

• wned

by Galliard- price could go up to 10,000 pounds per night The Stage @Shoreditch Est GDV 750 million pounds Baltimore Wharf Est GDV 270 million pounds

So urc e : Co mp a ny info rma tio n.

SLIDE 68

67

Operations Overview

Key Associates – Pindan Group Pty Ltd

• In 2016, Oxley Holdings acquired a 40% stake in Pindan Group for 32 million Australian

dollars.

• Established in 1977, Pindan has prospered as one of the leading property and construction companies in Western
• Australia. It is now
• 35th largest commercial construction company in Australia
• top 20 biggest movers in residential starts in Australia
• largest semi-detached dwelling builder in Western Australia and 4th largest nationally
• largest multi-unit builder in Western Australia, and 5thlargest nationally
• 4th largest home builder in Western Australia, and the 17th largest nationally

T he He ig hts, Ka rdinya Viridia n China Gre e n, Subia c o

Key Financials AUDm FY2013 FY2014 FY2015 FY2016 FY2017 Revenue 492 410 535 521 343 % growth

• 16.6%

30.4%

• 2.6%
• 34.2%

EBITDA 10 16 10 3 14 % margin 2.0% 3.8% 1.8% 0.5% 4.2% PBT 8 13 11

• 2

7

• Pindan has a truly integrated business, with its operations including the

following:

• Pindan Constructions – small to medium commercial construction,

grouped dwellings & apartments as well as large scale residential construction across all sectors throughout Perth, Peel and South West

• regions. Design and construct services.
• Pindan Contracting – regional and remote civil, commercial, residential

and mining works and housing & infrastructure maintenance throughout WA and NT. Design and construct services.

• Pindan Asset Management – maintenance works and services across the

Pilbara and Mid West/Gascoyne regions of Western Australia.

• Pindan Modular – modular & transportable construction, manufactures

steel frames and trusses.

• Pindan Capital – property funds management.
• Development Management - feasibility, site acquisition, planning &

development management service.

• Pindan Realty – project marketing & sales, commercial and residential

property management and strata management.

• Switch Homes – residential home construction.
• Headquartered in Perth, Pindan employs approximately 380 full-time staff

with additional office locations in the Perth metropolitan region, the South West, Pilbara and Mid West regions of Western Australia as well as the Northern Territory, Brisbane, Sydney and Shanghai, China.

So urc e : Co mp a ny info rma tio n.

SLIDE 69

4. Financial Overview

• Overview of Oxley’s Development Portfolio
• Financial Policy and Target
• Profitability and Cash Flow Generation
• Financial Position
• Credit Metrics
• Debt and Liquidity Profile

68

SLIDE 70

69

Ove r vie w of Oxle y’s De ve lopme nt Por tfolio

As a t 31 Ma rc h 2018

Project Country Effective Stake (%) Sales Secured (S$mn) Recognis ed Billings (S$mn) Future Progress Billings (S$mn) Future Progress Billings effective stake (S$mn) Total Estimate d GDV (S$mn) Remainin g GDV (S$mn) Remainin g GDV effective stake (S$mn) Viva Vista Singapore 100% 155.9 148.0 7.9 7.9 155.9

• RV Point

Singapore 100% 41.6 41.6

• 41.6
• Oxley Edge

Singapore 100% 63.1 62.9 0.2 0.2 63.1

• Suites@Braddell

Singapore 100% 19.1 19.0 0.1 0.1 19.1

• The Rise @ Oxley

Singapore 100% 184.4 156.3 28.1 28.1 184.4

• The Flow

Singapore 100% 166.6 166.6

• 191.8

25.2 25.2 NEWest Singapore 55% 568.2 567.6 0.6 0.3 568.2

• Floraville/Floraview/Floravista

Singapore 55% 138.2 118.2 20.0 11.0 138.2

• KAP Residences/ KAP

Singapore 55% 544.2 544.2

• 556.8

12.6 6.9 Midtown Residences/ The Midtown Singapore 50% 418.7 418.7

• 425.8

7.1 3.6 T-Space Singapore 49% 182.1 93.2 88.9 43.6 245.0 62.9 30.8 Sea Pavilion Residences Singapore 100%

• 32.5

32.5 32.5 Verandah Residences Singapore 100%

• 247.0

247.0 247.0 Serangoon Ville Singapore 40%

• 1,360.0

1,360.0 544.0 Rio Casa Singapore 35%

• 1,516.0

1,516.0 530.6 3 Tessensohn Road Singapore 100%

• 105.0

105.0 105.0 Sixteen35 Residences Singapore 100%

• 55.5

55.5 55.5 Parkwood Residences Singapore 100%

• 28.6

28.6 28.6 Apartment 8 Singapore 100%

• 37.5

37.5 37.5 Mayfair Gardens Singapore 100%

• 675.3

675.3 675.3 Vista Park Singapore 100%

• 835.0

835.0 835.0 Ampas Apartment Singapore 100%

• 160.5

160.5 160.5 Sub-total 2,482.1 2,336.3 145.8 91.2 7,642.8 5,160.7 3,318.0

SLIDE 71

70

Overview of Oxley’s Development Portfolio (continued)

As a t 31 Ma rc h 2018

S$1.6 billion of unbille d c ontr

ac t that will be bille d pr

• gr

e ssive ly Re maining GDV of S$19 billion in our por tfolio Substantial e ar nings visibility going for war d Signific ant amount of land bank that will c ontr ibute to futur e gr

• wth

Project Country Effective Stake (%) Sales Secured (S$mn) Recognise d Billings (S$mn) Future Progress Billings (S$mn) Future Progress Billings Effective Stake (S$mn) Total Estimated GDV (S$mn) Remaining GDV (S$mn) Remaining GDV Effective Stake (S$mn) Royal Wharf UK 100% 2,388.0 1,179.2 1,208.8 1,208.8 2,723.4 335.4 335.4 Deanston Wharf UK 50%

• 646.5

646.5 323.3 Sub-total 2,388.0 1,179.2 1,208.8 1,208.8 3,369.9 981.9 658.7 Dublin Landings Ireland 90% /79.5%

• 1,322.2

1,322.2 1,088.1 Sub-total

• 1,322.2

1,322.2 1,088.1 The Peak Cambodia 79% 184.2 66.8 117.4 92.7 486.8 302.6 239.1 The Palms Cambodia 79%

• 125.8

125.8 99.4 The Garage Cambodia 79%

• 399.8

399.8 315.9 The Bridge Cambodia 50% 442.2 364.4 77.8 38.9 564.6 122.4 61.2 Sub-total 626.4 431.2 195.2 131.6 1,577.0 950.6 715.5 Oxley Towers Kuala Lumpur Malaysia 100% 0.8 0.3 0.5 0.5 971.1 970.3 970.3 Section 16 Malaysia 100%

• 164.6

164.6 164.6 Medini Malaysia 100%

• 215.7

215.7 215.7 Pepper Hill Malaysia 70%

• 702.9

702.9 492.1 Robson Malaysia 50%

• 23.6

23.6 11.8 Beverly Malaysia 50%

• 247.4

247.4 123.7 Sub-total 0.8 0.3 0.5 0.5 2,325.3 2,324.5 1,978.1 Oxley Convention City Indonesia 50% 31.1 8.2 22.9 11.5 373.1 342.0 171.0 Sub-total 31.1 8.2 22.9 11.5 373.1 342.0 171.0 Min Residences Myanmar 50% 13.0 2.5 10.5 5.3 313.0 300.0 150.0 Yangon Central Railways Station Myanmar 30%

• 3,300.0

3,300.0 990.0 Sub-total 13.0 2.5 10.5 5.3 3,613.0 3,600.0 1,140.0 Gaobeidian China 27.5%

• 4,000.0

4,000.0 1,100.0 Sub-total

• 4,000.0

4,000.0 1,100.0 Limassol Cyprus 50%

• 736.0

736.0 368.0 Sub-total

• 736.0

736.0 368.0 5,541.4 3,957.7 1,583.7 1,448.8 24,959.3 19,417.9 10,537.3

SLIDE 72

71

Financial Overview

Financial Policy and Target

L e ve r age

 De c lining to ta l d e b t / c a pita lisa tio n  Ma inta in a s muc h une nc umb e re d a sse ts a s po ssib le fo r future fund ing fle xib ility

L iquidity

 Ma inta in a c c e ss to multiple fund ing so urc e s inc lud ing b a nk lo a ns a nd c a pita l ma rke t fund s  Ma inta in c a sh b a la nc e o f a t le a st 10% o f re ve nue a t Gro up le ve l to me e t wo rking c a pita l ne e d s

Inve stme nt

 F

• c us o nly o n c o mpa nie s a nd pro je c ts within c o re b usine ss, g e o g ra phic a l re g io ns a nd a re a s o f c o mpe te nc y

 Co mpre he nsive a na lysis a nd a ppro va l pro c e ss in pla c e to a sse ss o ve ra ll risk a nd re turn o f e a c h inve stme nt

Divide nd

 Ma inta in a fle xible d ivid e nd po lic y with ha ving suffic ie nt c a sh o n ha nd a s the c ritic a l c o nsid e ra tio n  Pa yo ut le ve l to b e b a se d o n o ve ra ll c a sh po sitio n, fina nc ia l situa tio n a nd future d e ve lo pme nt ne e d s

He dging

 Ma inta in na tura l he d g e a s muc h a s po ssib le with re spe c t a sse ts/ lia b ilitie s a nd re ve nue / e xpe nse  He d g ing to b e d o ne o nly with c re d itwo rthy c o unte rpa rtie s if ne e d b e

SLIDE 73

72

Consolidated Income Statement

(S$ million) T hird Quarte r E nde d Nine Months E nde d 31-Mar-18 31-Mar-17 31-Mar-18 31-Mar-17 (Unaudite d) (Unaudite d)

% 

(Unaudite d) (Unaudite d)

% 

Re ve nue

239 387

• 38%

956 1,119

• 15%

Gross Profit

36 92

• 61%

158 342

• 54%

Ope rating Profit *

45 72

• 38%

135 278

• 51%

F inanc e Costs

(15) (12) 25% (40) (34) 18%

Share of Profit from JV and assoc iate s

(1) 2 N.M. 73 (2) N.M.

Profit be fore T ax

29 62

• 53%

168 242

• 31%

Profit afte r T ax

30 46

• 35%

145 184

• 21%
• * Be fo re financ e c o sts and share o f (lo ss)/

pro fit fro m JV and asso c iate s

SLIDE 74

73

PAT MI Cash flow fr

• m ope r

ations Gr

• ss pr
• fit

Re ve nue

Financial Overview

Profitability and Cash Flow Generation

981 1,343 1,119 956 2016A 2017A 9M2017 9M2018

(S$ m)

294 386 342 158 2016A 2017A 9M2017 9M2018

(S$ m)

206 218 177 147 2016A 2017A 9M2017 9M2018

(S$ m)

So urc e : Co mp a ny info rma tio n.

329 461 443 207 2016A 2017A 9M2017 9M2018

(S$m)

SLIDE 75

74

(S$ million)

As a t

(Audite d) (Audite d) (Audite d) (Unaudite d) 30-Jun-15 30-Jun-16 30-Jun-2017 31-Mar-2018 Cash & Cash E quivale nts

344 551 414 218

De ve lopme nt Prope rtie s

2,479 2,461 2,013 1,904

T

• tal Asse ts

4,144 4,732 4,608 5,641

Curre nt Borrowings

823 1,421 610 294

Non-Curre nt Borrowings

1,608 1,235 1,850 3,033

T

• tal Borrowings (1)

2,431 2,656 2,460 3,327

Ne t Borrowings (2)

2,087 2,105 2,046 3,109

T

• tal L

iabilitie s

3,353 3,767 3,519 4,343

T

• tal E

quity

790 965 1,089 1,298

T

• tal T

angible Ne t Worth (T NW) (3)

762 902 1,130 1,341

Consolidate d F inanc ial Position

(1) Of the to ta l b a nk b o rro wing s o f S$3.3 b illio n (30 June 2017: S$2.5 b illio n), S$56.95 millio n (30 June 2017: S$43.94 millio n) is se c ure d b y se ve ra l g ua ra nte e s g ive n b y the no n-c o ntro lling sha re ho lde rs o f the sub sidia rie s whic h a re no t who lly o wne d b y the Co mpa ny. (2) T

• ta l b o rro wing s ne t o f c a sh a nd c a sh e q uiva le nts.

(3) E q uity, a ttrib uta b le to o wne rs o f the pa re nt le ss de fe rre d ta x a sse ts plus de fe rre d ta x lia b ilitie s.

SLIDE 76

2,431 2,656 2,460 3,327 2,087 2,105 2,046 3,109 2015A 2016A 2017A 9M 2018 T

• ta l de b t

Ne t de b t

(S$ mil)

75

T

• tal de bt and ne t de bt

T

• tal e quity

Cash and c ash e quivale nts T

• tal asse ts

F inanc ial Ove r vie w

F inanc ial Position

4,144 4,732 4,608 5,641 2015A 2016A 2017A 9M 2018

(S$ mil)

344 551 414 218 2015A 2016A 2017A 9M 2018

(S$ mil)

790 965 1,089 1,298 2015A 2016A 2017A 9M 2018

(S$ mil)

So urc e : Co mp a ny info rma tio n.

SLIDE 77

76

F inanc ial Ove r vie w

Cr e dit Me tr ic s

So urc e : Co mp a ny info rma tio n.

T

• tal de bt / Asse ts

T

• tal ne t de bt / E

quity

2.6x 2.2x 1.9x 2.4x 2015A 2016A 2017A 9M 2018 58.7% 56.1% 53.4% 59.0% 2015A 2016A 2017A 9M 2018

SLIDE 78

77

F inanc ial Ove r vie w

De bt and L iquidity Pr

• file as at 31 Mar

2018

De bt br e akdown by c ur r e nc y

SGD 73% USD 22% E UR 2% MYR 3%

S$3,327 million(1)

Cash and Cash E quivale nts By Cur r e nc y

SGD 49.0% USD 12.6% GBP 19.6% E UR 13.8% Othe rs 5.0%

S$218 Million

De bt br e akdown by matur ity and type

461 148 446 – – 27 182 320 95 – 4 136 564 531

31 318 1,330 1,087 296 265

2018 2019 2020 2021 2022 2023

E MT N Re ta il b o nd Co rpo ra te le ve l b o rro wing s Pro je c t de b t

(S$mil)

148

No te : (1) Bre a kdo wn inc lude s a mo rtize d tra nsa c tio n c o sts.

265

SLIDE 79

Stock Information

Sto c k Info rma tio n Divid e nd Histo ry

78

SLIDE 80

79

(As at 10 Apr il 2018) OHL SP

Pric e S$0.495 Ma rke t Ca p S$2.00b PE 9.4x PB 1.6x F re e flo a t 19.67%

(As at 19 Apr il 2018) T

• p Shar

e holde r s % Holding

Ching Chia t K wo ng 41.12 L

• w Se e Ching

27.59

Sto c k pe rfo rmanc e , Blo o mb e rg , as o f 10 April 2018

Stock Information

SLIDE 81

80

0.24 0.31 0.91 3.48 0.41 1.90 1.50

0.6% 0.8% 2.3% 8.9% 1.1% 4.9% 3.8%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5

F Y11 F Y12 F Y13 F Y14 F Y15 F Y16 F Y17

Divide nd Yie ld (% ) Divide nd Pe r Shar e (S c ts)

Dividend History

SLIDE 82

81

Dublin L andings, Ir e land

Artist’s Impression

T ha nk you