Disclaimer All statements contained in this presentation which are - - PowerPoint PPT Presentation
Disclaimer All statements contained in this presentation which are - - PowerPoint PPT Presentation
Disclaimer All statements contained in this presentation which are not statements of historical fact constitute forward looking statements . These forward-looking statements, including without limitation, those regarding Perennial Real Estate
Disclaimer
All statements contained in this presentation which are not statements of historical fact constitute “forward looking statements”. These forward-looking statements, including without limitation, those regarding Perennial Real Estate Holding Limited’s financial position and results, business strategy and plans and objectives of management for future
- perations involve known and unknown risks, uncertainties and other factors which may
cause Perennial Real Estate Holdings Limited’s actual results, performance
- r
achievements to be materially different from any future results, performance
- r
achievements expected, expressed or implied by such forward-looking statements. Given the risks and uncertainties that may cause the actual future results, performance or achievements to be materially different from those expected, expressed or implied by the forward-looking statements in this presentation, you are advised not to place undue reliance on these statements.
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Income Statement (1Q 2017 vs 1Q 2016) – Explanation of Key Income Line Items
$’000 1Q 2017 1Q 2016 Change 1 Jan 2017 to 31 Mar 2017 1 Jan 2016 to 31 Mar 2016 % Revenue 20,229 29,486 (31.4) Earnings Before Interest & Tax (“EBIT”) 61,448 26,030 136.1 Profit After Tax less Minority Interest (“PATMI”) 38,662 8,472 356.4 Analysis of PATMI Operating PATMI (1) 38,662 975 Nm Net Fair Value Gain
- 7,497
(100) Total PATMI 38,662 8,472 356.4
(1) Includes the divestment gain from the sale of a 20.2% stake in TripleOne Somerset and remeasurement gain of the retained 30% stake.
5 Revenue
- Revenue for 1Q 2017 was 31.4% lower than the same period last year due to lower project management fees
and lower rental revenue from TripleOne Somerset as the property has commenced asset enhancement works to facilitate the strata sale of the office space and medical suites. EBIT
- Despite the lower revenue, EBIT increased by 138.4% mainly due to the divestment gain from the sale of a
20.2% equity stake in TripleOne Somerset and the gain on remeasurement for the 30% retained stake in the same property, totalling approximately S$55.7 million. The increase in EBIT was partially offset by lower share of results from joint ventures, arising from a one-off adjustment from a lease restructuring at Shenyang Red Star Macalline Furniture Mall, lower investment income, and foreign exchange loss. Operating PATMI
- The increase in PATMI was contributed by the gain from the divestment of a partial stake in TripleOne
Somerset and partially offset by higher finance costs and lower share of results from joint ventures.
Income Statement (1Q 2017 vs 1Q 2016) – Explanation of Key Income Line Items
6
Income Statement – Revenue and EBIT by Segment
REVENUE EBIT 1Q 2017 1Q 2016 Change 1Q 2017 1Q 2016 Change Note S$’000 S$’000 % S$’000 S$’000 % Singapore 10,203 14,814 (31.1) 61,816 10,237 Nm 1 China 7,569 7,646 (1.0) 5,025 14,188 (64.6) 2 Management Businesses 4,929 9,788 (49.6) 428 3,865 (88.9) 3 Corporate and Others 2,789 3,893 (28.4) (5,821) (2,260) 157.6 4 Eliminations (5,261) (6,655) (20.9)
- 20,229
29,486 (31.4) 61,448 26,030 136.1
Notes: (1) The decrease in revenue was due to lower rental revenue from TripleOne Somerset as the property commenced asset enhancement works since 2Q 2016. 1Q 2017 EBIT is mainly contributed by the divestment of a 20.2% equity stake in TripleOne Somerset and the gain on remeasurement of the 30% retained stake totalling approximately S$55.7 million. (2) The lower 1Q 2017’s EBIT is attributable to the absence of net fair value gains from Chengdu East High Speed Railway Integrated Development Plot D2 which was recognised in 1Q 2016 as well as lower share of results due to a one-off adjustment arising from a lease restructuring at Red Star Macalline Furniture Mall. (3) The decrease in revenue and EBIT was mainly due to lower project management fees recognised in the quarter. (4) The lower EBIT in 1Q 2017 is mainly attributable to foreign exchange loss on USD monetary asset and lower investment income.
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Capital Management and Key Financial Indicators
As at 31 Mar 2017 As at 31 Dec 2016 Net Debt (S$’ 000) 1,911,286 2,489,275 Total Equity (S$’ 000) 3,721,473 3,781,916 Net Debt to Equity Ratio 0.511 0.66 Net Asset Value per Share (S$) 1.6102 1.631 Debt-Weighted Average Term to Expiry (years) 2.12 1.75 For the Quarter ended 31 Mar 2017 For the Quarter ended 31 Mar 2016 Earnings per Share (cents) 2.321 0.51 Weighted Average Interest Rate (p.a.) 3.7% 3.4%
Key Financial Ratios
Notes 1. The improved debt-to-equity ratio is attributable to the deconsolidation of TripleOne Somerset following the divestment of a 20.2% stake on 31 March 2017. The TripleOne Somerset’s debt deconsolidated was about S$680 million 2. The lower Net Asset Value per Share is due to translation losses arising from the depreciation of RMB against SGD in the period.
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Debt Maturity Profile – As at 31 March 2017
1. The Group has refinanced CHIJMES loan of S$196 million which was due in April 2017. The remaining loans are due in 2H 2017. 2. The loans due in 2H 2017 relate to loans secured by Perennial Qingyang Mall, Perennial Foshan Mall and Perennial International Health and Medical Hub of S$231 million, unsecured loans by Perennial Treasury Pte Ltd (“PTPL”) of S$155 million and secured loans by PTPL and Perennial of $280 million.
* Being gross amount, without amortised transaction costs
$’M
- 200
400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 Total 2017 2018 2019 2020 2021 2022 Singapore Loan China Loan Retail Bond MTN
2,086 * 666 480 195 280 269 196
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TripleOne Somerset – Asset Enhancement Works Underway
Two Additional Office Floors Set Aside for Strata Sale and Leasing; Total Amount of Strata Sales To-date is ~S$17.7 million
- Major
asset enhancement works totaling S$120 million is underway. Repainting of the façade is 40% completed.
- In addition to Levels 8 and 15 at Somerset
Tower which were renovated and opened up for office strata sale in 3Q 2016, two additional floors in the same tower, being Levels 6 and 7, have recently completed renovation and set aside for strata sale and leasing.
- Since the launch in in 3Q 2016, a number of
strata office units have been transacted at an average price of above S$ 2,700 per square
- feet. To-date, the total amount of strata sales is
about S$17.7 million.
- Continued to pursue an active leasing strategy
to ensure a stable stream of recurrent income.
- The full suite of works is expected to complete
in 2018/2019.
Artist’s Impression Façade repainting in progress Level 6 Common Area Post-renovation Level 6 Lift Lobby Post-renovation Level 7 Tenant Frontage Post-renovation Level 7 Lift Lobby Post-renovation
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AXA Tower – Strata Sale of Office Units Draws Strong Demand
- Asset enhancement works with total development cost not expected to exceed S$150 million progresses
well. Works at the retail podium fronting Maxwell Road has commenced and some affected tenants, including Folks Collective, Starbucks Coffee and Alpha Dental Group, were relocated within the building.
- In preparation for the closure of the Office Lobby fronting Shenton Way in 3Q 2017, an interim Concierge
Services Counter at Level 1 has been set up.
- Since the launch of strata sale in 3Q 2016, a number of office units have been sold at an average price of
about S$2,559 per square feet. To-date, the total amount of strata sales is about S$41.0 million.
- The full suite of works is expected to complete in 2018/2019.
Office Units Transacted at Average Price of ~S$2,559 per square feet; Total Amount of Strata Sales To-date is ~S$41.0 million
Starbucks Coffee, #01-16 Alpha Dental Group, #01-19
PEND PHOTOS
Artist’s Impression Office Show Suite Office Show Suite
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CHIJMES – Vibrant Dining and Entertainment Destination in the City
Committed Occupancy Increased from 90.3% to 93.2%
- Total committed occupancy increased from 90.3% in 4Q 2016 to 93.2% in 1Q 2017, of which about
92.4% of tenants by net lettable area have commenced business.
- Strengthened marketing efforts by holding more activities at the lawn area and commenced regular
screening of soccer matches and other sporting events at Basement 1 Courtyard following the installation of retractable awnings and outdoor LED screens.
- Addition of new tenant Luxi Dolls, a luxury fusion club, further augments the lifestyle and entertainment
- fferings at CHIJMES.
Sports Screening at Basement 1 Courtyard Voices of Singapore Festival Wedding Photo Exhibition Acoustic Performance Night Screening of Breakfast at Tiffany’s Valentine’s Day Pop-up Florist
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Chengdu HSR Integrated Development – On-Site Progress Visual (As at 1Q 2017)
3/4/5-Star Hotels & Serviced Apartments Plot C – Offices & Retail Plot D1 – Apartments Plot D2 – Eldercare & Senior Housing Perennial International Health and Medical Hub
Operational Chengdu East High Speed Railway Station Long Distance Bus Interchange 26 Train Platforms Intra-City Bus Interchange
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Chengdu HSR Integrated Development – On-Site Progress Visual (As at 1Q 2017)
Operational Chengdu East High Speed Railway Station Long Distance Bus Interchange 26 Train Platforms Intra-City Bus Interchange
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3/4/5-Star Hotels & Serviced Apartments Plot C – Offices & Retail Plot D1 – Apartments Plot D2 – Eldercare & Senior Housing Perennial International Health and Medical Hub
Perennial International Specialist Medical Centre AND Maternal & Child Health Centre, Chengdu
- St. Stamford Plastic
Surgery & Aesthetic Hospital, Chengdu Chengdu Xiehe Home
Perennial’s Non-Healthcare Real Estate Perennial’s Healthcare Real Estate Perennial’s Healthcare Businesses
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Perennial International Health and Medical Hub, Chengdu – Development Progress Update
Block A1
Artist’s Impression
Some Units Have Been Handed Over to Medical Tenants for Fitting Out Since April 2017
On-Site Photo
Block A2
- Total
committed
- ccupancy
for the 280,000 sqm development stands at ~60%.
- Towards end-April 2017, some units were progressively
handed over to medical tenants for fitting out.
- New leases
secured include jewellery stores, apparel brands and convenience stores. Leasing efforts continued to focus on complementary trades including laboratory testing service providers and cosmetic brands.
- The development is expected to commence operations
progressively from 4Q 2017.
Block A1 Block A2
18 Artist’s Impression On-Site Photo
Chengdu East HSR Integrated Development Plot D2 — Development Progress Update
Last of Six Towers Has Topped Out; First Batch of Deposits Received from Prospective Residents of Chengdu Xiehe Home
- Last of six towers on Plot D2 has topped out and façade cladding works will commence.
- Of the other five towers, three have completed façade cladding works, and the remaining two are expected to complete
façade cladding works in 2Q 2017.
- Chengdu Xiehe International Eldercare and Retirement Home (“Chengdu Xiehe Home”) commenced marketing efforts to
raise brand awareness ahead of its Phase 1 opening in 3Q 2017 by collaborating with Chengdu Veteran’s Sports Association and participating in the 2017 Western Chengdu International Elderly Services Expo. The events drew good interest from prospective residents, with some placing booking deposits to secure their preferred rooming arrangement.
Plot D2 Plot D1
Artist’s Impression may differ from the actual view of the completed property.
Beijing Tongzhou Integrated Development – Development Progress Update
Construction Works Continued to Make Good Progress
- Construction works continued to progress on-site with fire
safety bureau plans submitted for two of six plots.
- Excavation works have been completed for Phase 2.
- Beijing Tongzhou Integrated Development Phases 1 and 2
are expected to complete by 2020 and 2019 respectively.
Artist’s Impression: may differ from the actual view of the completed property.
Artist’s Impression On-Site Photos 19
Beijing Tongzhou District – Abuzz with Construction and Infrastructure Development
Beijing Municipal Government Intensifies Efforts to Strengthen Tongzhou District’s Status as the New Beijing Sub-Centre
- Beijing Tongzhou Administrative Centre, located close to Haojiafu Station, is about three subway stations to
Tongyunmen Station, which is directly connected to Beijing Tongzhou Integrated Development.
- 23 Beijing municipal government agencies have sent working teams to be stationed in Tongzhou District to
supervise the speed and quality of construction projects in the new Beijing sub-centre1.
- To cope with the anticipated residential demand in Tongzhou District, the Government has embarked on the
construction of 17,000 units of social housing (政府保障房)2. Constructions works are well underway and expected to complete by the end of 2017.
- The Government has also put in place plans to construct and renovate 45 primary and secondary schools by end-
2020 to provide sufficient educational facilities in Tongzhou District3. 20
1 The Beijing News article dated 7 Feb 2017 (http://www.bjnews.com.cn/news/2017/02/07/432540.html). 2 The Beijing News article dated 17 March 2017 (http://www.bjnews.com.cn/feature/2017/03/17/436802.html). 3 Sina Education article dated 15 May 2016 (http://edu.sina.com.cn/zxx/2016-05-15/doc-ifxsenvm0379009.shtml). Beijing Tongzhou Administrative Centre Under Construction
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Xi’an North HSR Integrated Development – Development Progress Update
Construction Works Made Good Progress
Source of Artist’s Impression: Perennial Real Estate Holdings Limited. Picture may differ from the actual view of the completed property.
On-Site Photos Artist’s Impression
- Construction works at Plot 4 progressed well on site.
- The new Baoji-Lanzhou High Speed Railway Line is expected to
commence operations in 2H 2017, reducing the travelling time between Xi’an and Lanzhou to within 3 hours.
- The new Xi’an-Chengdu High Speed Railway Line is expected
to commence operations by end-2017.
- Plot 4 and Plot 5 are expected to complete in 2018 and 2019
respectively.
at and
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Shenyang Longemont Integrated Development and Suburban Shopping Malls in Foshan and Chengdu
Operational Retail Portfolio Committed Occupancy at ~ 75.4%; Overall Portfolio Committed Occupancy at ~ 72.5%
Shenyang Longemont Shopping Mall Perennial Jihua Mall, Foshan Perennial Qingyang Mall, Chengdu
Shengyang Longemont Integrated Development
- Shenyang Longemont Shopping Mall
Committed occupancy increased from ~81% to ~83%. Continue to execute proactive leasing strategy to enhance tenant mix.
- Shenyang Red Star Macalline Furniture Mall
Committed occupancy is close to ~59% due to the repositioning of the West Wing into a medical and healthcare centre.
- Shenyang Longemont Offices
Overall effective occupancy increased from ~63% to ~64%. Tower One and Tower Two registered a committed occupancy of 50.0% and 77.7% respectively. Interior decoration of ‘Co-Work Space’ has been completed and the new concept is expected to open in 2Q 2017. Leasing is targeted at local SMEs, entrepreneurs and technopreneurs. Perennial Jihua Mall, Foshan and Perennial Qingyang Mall, Chengdu
- Both achieved committed occupancy of more than 99%.
- Various themed marketing activities were carried out to drive shopper
traffic and tenants’ sales.
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Aidigong – Maternal and Child Health Business Growing Steadily
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SHENZHEN AND Maternal & Child Health Centre, Chenghua 爱帝宫国际母婴月子会所,成华 80 beds AND Maternal & Child Health Centre, Shunyi 爱帝宫国际母婴月子会所,顺义 27 beds AND Maternal & Child Health Centre, Yinhu 爱帝宫国际母婴月子会所,银湖 33 beds AND Maternal & Child Health Centre, Shekou 爱帝宫国际母婴月子会所,蛇口 136 beds AND Maternal & Child Health Centre, Xiangmihu 爱帝宫国际母婴月子会所,香蜜湖 80 beds
Current Projects Committed Pipeline
BEIJING CHENGDU Beauty Max Post-natal Treatment Centre, Xiangmihu 美妈汇产后修复中心,香蜜湖
BEIJING 北京 CHENGDU 成都 SHENZHEN 深圳
Currently Operating 276 Beds with a Committed Pipeline of 80 Beds; Stronghold in Shenzhen, Presence in Beijing and Upcoming Centre in Chengdu
Aidigong - New AND Maternal and Child Health Centre, Shekou
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- AND Maternal and Child Health Centre, Shekou (爱帝宫国际母婴月子会所,蛇口), soft opened in late March 2017.
- The centre is located in close proximity to Shuiwan Subway Station, which is served by Subway Line 2, and is about
18km and 7km away from Shenzhen Bao’an International Airport and Shenzhen Nantou Airport respectively.
- The 136-bed facility registered good demand with reservations placed by customers all the way till January 2018.
Customers have also been placed on the waiting list in view of the strong interest.
Strategically Located New Centre Received Strong Demand
AND Maternal and Child Health, Shekou Nurses Station Nursery Professional Infant Care Suite Suite Living Room Baby Gym Exercise Studio Postnatal Therapy Room Infant Swimming Facility Viewing Gallery
Renshoutang – Completion of Acquisition Delivers New Income Stream
- Perennial is now the single largest shareholder of RST Shanghai Chinese Medicine Co. Ltd. (“Renshoutang”), the largest
private eldercare services operator in Shanghai, with a 49.9% stake in Renshoutang.
- With the opening of its new Yixian Baoshan Eldercare and Retirement Home in Shanghai, Renshoutang currently operates
2,776 beds. It also has a committed pipeline of about 5,900 beds and pipeline under negotiation of over 15,400 beds.
Established Eldercare Portfolio in Shanghai; Set to become the Largest Eldercare Operator in Yangtze River Delta Region in the Next Few Years
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Hongqiao Xiehe Eldercare and Retirement Home 虹桥协和颐养院 800 eldercare beds and 200 hospital beds Yixian Baoshan Eldercare and Retirement Home 宝山逸仙敬老院 342 eldercare beds Changning District Xianxia Road Daycare Centre 长宁区仙霞街道老年人日间 服务中心 32 eldercare beds Yixian No. 2 Eldercare and Retirement Home 逸仙第二敬老院 372 eldercare beds Shanghai Wenjie Nursing Home 上海文杰护理院 99 hospital beds Shanghai Xijiao Xiehe Eldercare and Retirement Home 上海西郊协和颐养院 825 eldercare beds Yixian Xianxia Community Eldercare and Retirement Home 仙霞社区逸仙敬老院 50 eldercare beds Yixian Zhonghuan Eldercare and Retirement Home 中环逸仙敬老院 323 eldercare beds Yixian No. 3 Eldercare and Retirement Home 逸仙第三敬老院 490 eldercare beds Jiangsu Road Daycare Centre 江苏路日间照料中心 33 eldercare beds Yixian Chengqiao Eldercare and Retirement Home 逸仙程桥敬老院 132 eldercare beds Yixian Tianshan Eldercare and Retirement Home 逸仙天山养老院 37 eldercare beds Yixian Xianxia Community Eldercare Home 仙霞社区逸仙长者照护之家 32 eldercare beds Renshoutang Dahua Pharmacy Dahua TCM Clinic 人寿堂大华药房 大华中医内科诊所 Renshoutang Main Pharmacy (Jiangsu Road) Renshoutang TCM Clinic 人寿堂江苏路药房总店 人寿堂中医门诊部 Renshoutang Beihong Road Pharmacy Yanshou TCM Clinic 人寿堂北虹路药房 延寿中医内科诊所 Renshoutang Hanghua Pharmacy Weijian TCM Clinic 人寿堂航华药房 维健中医诊所 Jurong Jili Eldercare and Retirement Home 句容吉利养老院 410 eldercare beds and 92 hospital beds Yixian Ningbo Eldercare and Retirement Home 宁波逸仙养老院 880 eldercare beds and 220 hospital beds Jiuzhoutong Xiehe Eldercare and Retirement Home 武汉九州通协和颐养院 876 eldercare beds and 201 hospital beds Zhenjiang Yixian Eldercare and Retirement Home 镇江逸仙养老院 300 eldercare beds
WUHAN ZHENJIANG 镇江 SHANGHAI 上海 NINGBO 宁波 WUHAN 武汉 CHENGDU 成都 ZHENJIANG
Chengdu Xiehe International Eldercare and Retirement Home 成都协和国际颐养院 744 eldercare beds and 216 hospital beds
CHENGDU SHANGHAI
Renshoutang Zhong Huan Bao Shan No. 2 Eldercare and Retirement Home 中环人寿堂养老宝山2 500 eldercare beds
WUHAN NINGBO Current Projects Committed Pipeline
Renshoutang Zhong Huan Bao Shan No. 1 Eldercare and Retirement Home 中环人寿堂养老宝山1 400 eldercare beds
Renshoutang
- Wuhan Jiuzhoutong Xiehe Eldercare
- In February 2017, Renshoutang entered into a 45-45-10 public-private-partnership (“PPP”) with Jointown Pharmaceutical
Group Co., a Wuhan pharmaceutical group listed on the Shanghai Exchange, and the Wuhan Municipal Government to jointly operate the Wuhan Jiuzhoutong Xiehe Eldercare (“Jiuzhoutong Xiehe”) (武汉九州通协和颐养院) at Tower B of Wuhan Social Welfare Institution.
- The Wuhan Social Welfare Institution is a twin-tower care centre built by the Wuhan Civil Affairs Bureau in the heart of
Wuhan city, next to the Hankou High Speed Railway Station.
- Equipped with advanced medical facilities and equipment to provide specialised care and services, and augmented by
digital technology to create a safer and more comfortable living environment, the 45,000 sqm Jiuzhoutong Xiehe, is positioned for the middle-to-upper income and will comprise an 876-bed retirement home (for independent residents) and a 201-bed nursing hospital (for residents who require round-the-clock professional continuing care).
- Jiuzhoutong Xiehe is expected to commence operations by end 2017.
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Renshoutang’s First PPP with Wuhan Municipal Government Paves Way for Future PPP Collaborations in New Markets
PPP Signing Ceremony Wuhan Social Welfare Institution Wuhan Social Welfare Institution
Renshoutang
- New Yixian Baoshan Eldercare and Retirement Home
- Yixian Baoshan Eldercare and Retirement Home (宝山逸仙敬老院) officially commenced operations in April 2017
and has welcomed its first residents.
- Located in the densely populated Boashan area in Shanghai, the new 342-bed eldercare and retirement home is
positioned with public affordability in mind and serves the needs of independent residents. 28
Further Strengthened Renshoutang’s Leading Presence in Shanghai
Yixian Baoshan Eldercare and Retirement Home Entrance Main Lobby Three Bedded Room Canteen Assisted Living Washroom Facilities
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2.4% 2.2% 20.8% 71.6% 1.2% 1.2% 0.6%
Total Asset Composition – By Business
Real Estate Business Complemented by Asset-Light Healthcare Business; Strength in Diversity, Growth in Synergy
TOTAL ASSETS1
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2.9% 2.7% 21.7% 69.4% 1.4% 1.5% 0.4%
Singapore Real Estate Corporate Management Business
BY EFFECTIVE STAKE2
Malaysia Real Estate Ghana Real Estate China Real Estate China Healthcare
1. Represents assets which are consolidated and equity accounted in accordance to the Singapore Financial Reporting Standards. 2. Represents assets computed via the Company’s shareholdings.
Singapore Real Estate Corporate Management Business Malaysia Real Estate Ghana Real Estate China Real Estate China Healthcare
24.6% 73.6% 1.2% 0.6%
Total Asset Composition – By Country
Focus on Two Core Markets – Effective Stake China (~72%) and Singapore (~26%)
Singapore
TOTAL ASSETS1
Malaysia Ghana China
31
26.3% 71.9% 1.4% 0.4%
BY EFFECTIVE STAKE2
1. Represents assets which are consolidated and equity accounted in accordance to the Singapore Financial Reporting Standards. 2. Represents assets computed via the Company’s shareholdings.
Singapore Malaysia Ghana China
30.5% 26.2% 38.4% 1.2 % 3.7 % 3.8% 59.6% 25.4% 7.6% 3.6%
Total Real Estate Portfolio Composition – By Total Property Value and By Total GFA
Singapore Completed China Development China Completed China Development Singapore Completed China Completed
TOTAL PROPERTY VALUE (Effective Stake Basis)
Completed Assets which Account for ~69% of Property Value Provide Income Stability China Developments Account for ~26% of Property Value & ~60% of GFA Present Significant Growth Potential
TOTAL GROSS FLOOR AREA (“GFA”) (Attributable GFA Basis)
Malaysia Development Malaysia Development
Singapore China Malaysia Ghana
Ghana Development
Singapore China Malaysia Ghana
Ghana Development
32
82.8% 8.2% 9.0%
Maternal and Child Health Management
China Healthcare Business – Total Beds Composition
Established Owner and Operator Model in Three Core Business Lines; Diversification into Healthcare Provides New Recurrent Income Stream
Hospital/Medical Services Eldercare and Senior Housing
33 Suite of Medical and Healthcare-Related Services
- No. of
Operating Beds Eldercare and Senior Housing1 2,767 Hospital/Medical Services2 300 Maternal and Child Health Management3 276 Total 3,343 CHINA Total Operating Beds (By Business Lines)
1. Relates to Renshoutang. 2. Relates to St. Stamford Modern Hospital, Guangzhou. 3. Relates to Aidigong.
Strong Long Term Sponsors with Extensive Network and Business Experience
- 1. As at 31 March 2017.
- Chairman of the Group
- Co-Founder, Chairman
and CEO of Wilmar International Limited
- Vice Chairman of the
Group
- Founder, Chairman
and CEO of OSIM International Pte Ltd
- Asia’s leading agribusiness
group and ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange
- Chief Executive Officer
- f the Group
- Chief Operating Officer
and Executive Director
- f Wilmar International
Limited
Mr Kuok Khoon Hong Mr Ron Sim Mr Pua Seck Guan Wilmar International Limited Effective Interest: 36.5%1 Effective Interest: 15.4%1 Effective Interest: 10.3%1 Effective Interest: 16.7%1
Perennial’s Four Key Sponsors Own an Aggregate Effective Ownership of 78.9%1
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Investor Relations and Media Contact
- Ms. Tong Ka-Pin
DID : (65) 6602 6828 HP : (65) 9862 2435 Email: tong.ka-pin@perennialrealestate.com.sg Website: www.perennialrealestate.com.sg
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