THE STRAITS TRADING COMPANY LIMITED 1H2022 Results Briefing
18th August 2022
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P RO G R A M M E O U T L I N E
Time | Programme | Presenter | |
9:30 AM | Opening Address | Ms. Selina Ho | |
Head, Investors' Relations & Corporate Secretariat | |||
Head, Corporate Communications | |||
9:35 AM | ▪ | 1H2022 Highlights | Dr. Allen Tan |
Head, Portfolio Management | |||
▪ | Business Highlights (Property) | Mr. James Kwie | |
▪ | Business Highlights (Hospitality) | ||
Portfolio Manager, Portfolio Management | |||
▪ | Business Highlights (Resources) | Ms. Joyce Tan | |
▪ | Financial Highlights | ||
Group Financial Controller | |||
10:00 AM | Q&A Session | Key Management Team | |
11:00 AM | End of Session | ||
Business Highlights | Business Highlights | Business Highlights | Financial Highlights |
Property | Hospitality | Resources | 1H2022 |
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1H2022 Highlights
By: Dr. Allen Tan
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1 H 2 0 2 2 K E Y H I G H L I G H T S
E B I T D A g r o w s 3 . 9 t i m e s , S R E g r o w t h t a r g e t o n t r a c k
F i n a n c i a l H i g h l i g h t s
Group EBITDA grows 3.9 times to S$729.1 million
Real Estate PATNCI up 5.4 times to S$676.1 million
- Mainly from a net gain on disposal of ARA; lower net fair value gains from investment properties in Australia (logistics) and the UK
Resources PATNCI up 3.8 times to S$17.4 million
- Mainly due to higher average tin prices as compared to the previous corresponding period
Hospitality returned to profitability with PATNCI of S$0.9 million
- Due to stronger corporate and leisure demands as more countries reopen their borders
Business Highlights | Business Highlights |
Property | Hospitality |
C o r p o r a t e H i g h l i g h t s
Robust performance across all segments
Real Estate
- SRE on growth track with new acquisitions: Two office buildings in Australia (A$150 million); and properties and development land in Gloucester Business Park, UK (GBP130 million)
- Straits City, Penang Butterworth, top out in May 2022. Crowne Plaza hotel with 343 rooms projected to open in 3Q 2023
Resources
- Acquired Asas Baiduri Sdn Bhd ("ABSB"), which holds a mining lease over a land parcel (568.4 ha) adjacent to RHT's mining site; opening access to additional tin resources
Hospitality
- Recovering as travel restrictions ease
Group
- Proposed special dividend via distribution in specie in the form of ESR or STC shares to reward shareholders
Business Highlights | Financial Highlights |
Resources | 1H2022 |
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P RO P O S E D D I V I D E N D I N S P E C I E
To c e l e b r a t e t h e s t r o n g s e t o f r e s u l t s a n d r e w a r d s h a r e h o l d e r s
145 number of | |
ESR Group Limited shares | |
For every 1,000 units of | OR |
The Straits Trading Company's shares, | |
shareholders are entitled to either:
180 number of
The Straits Trading
Company shares
- Investment in ARA represented an 18.2% IRR or 3.7 times equity multiple over Straits Trading's original cost of investment
- Proposed distribution worth approximately S$0.50 per Straits Trading share based on the closing price of HK$19.86 per ESR Share on 12 August 2022
Business Highlights | Business Highlights | Business Highlights | Financial Highlights |
Property | Hospitality | Resources | 1H2022 |
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The Straits Trading Company Limited published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 07:13:02 UTC.
