FY2022 Results Briefing

2nd March 2023

PROGRAMME OUTLINE

Time

Programme

Presenter

10:00 AM

Opening Address

Ms. Selina Ho

Head, Investor Relations & Corporate Secretariat

Head, Corporate Communications

10:05 AM

▪

FY2022 Highlights

Dr. Allen Tan

Senior Portfolio Manager

▪

Business Highlights (Property)

Mr. James Kwie

▪

Business Highlights (Hospitality)

Portfolio Manager

▪

Business Highlights (Resources)

Ms. Joyce Tan

▪

Financial Highlights

Group Financial Controller

10:30 AM

Q&A Session

Key Management Team

11:00 AM

End of Session

Business Highlights: Property

Business Highlights: Hospitality

Business Highlights: Resources

Financial Highlights: FY2022

2

FY2022 Highlights

By: Dr. Allen Tan

3

ORGANISATIONAL STRUCTURE(1)

66.9%

PROPERTY

RESOURCES

HOSPITALITY

Straits Developments

STC Property

Straits Investment

Straits Real Estate

Malaysia Smelting

Far East Hospitality

Management

Private Ltd

Management Pte. Ltd.

Pte. Ltd.

Corporation Berhad

Holdings Pte Ltd

Sdn. Bhd.

("SDPL")

("SIM")

("SRE")

("MSC")

("FEHH")

("STCPM")

100% Stake

100% Stake

100% Stake

52.0% Stake

30.0% Stake

100% Stake

Corporate and operational

Developer of Straits City

Fund management

Investment vehicle seeking

Largest independent

An established

arm for the Group; new

Project Penang

specialising in global

out real estate related

custom tin smelter

international hospitality

business and property

real estate securities

opportunities globally

in the world

owner and operator

business, excluding SRE

ESR Group

Suntec REIT

SDAX Financial

("ESR")

1.9% Stake

14.3% Stake

3.7% Stake

APAC's largest real

One of the largest

An integrated digital

estate and real

commercial REITs

financial services

assets fund

in Singapore

platform

manager

  1. As of 31 Dec 2022

Business Highlights: Property

Business Highlights: Hospitality

Business Highlights: Resources

Financial Highlights: FY2022

4

FY2022 KEY HIGHLIGHTS

Robust performance across all segments

F i n a n c i a l H i g h l i g h t s

Group EBITDA increased 52.9% to S$613.4 million

  • Earnings per share rose significantly from S$0.58 in FY2021 to S$1.27 in FY2022

Real Estate EBITDA up by 68.7% to S$579.4 million

  • From a net gain on disposal of ARA; and despite net fair value losses from investment properties

Resources EBITDA declined 8.2% to S$54.6 million

  • Mainly due to higher smelting and operating costs (energy and consumables)

Hospitality returned to profitability with EBITDA of S$0.8 million

  • Due to stronger corporate and leisure demands as more countries reopen their borders

C o r p o r a t e H i g h l i g h t s

Group

  • Private placement to raise gross proceeds of S$80.9 million
  • Completed special dividend via distribution in specie in the form of ESR or STC shares to reward shareholders
  • Completed S$370 million ESR exchangeable bond issuance; 1.9x oversubscribed

Real Estate

  • SRE on growth track with new acquisitions: properties and development land in Gloucester Business Park, UK (GBP122 million); consolidated remaining 20% stake in ILP Trust No. 1 in Australia Logistics Portfolio
  • Crowne Plaza Hotel to open in 1Q 2024 in Straits City, Penang

Resources

  • Proposed dividends of 7 sens; reflected a 30% payout of net profit

Hospitality

  • Hospitality business improved as borders reopened and global business and leisure travel picked up since 2Q 2022

Business Highlights: Property

Business Highlights: Hospitality

Business Highlights: Resources

Financial Highlights: FY2022

5

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

The Straits Trading Company Limited published this content on 02 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2023 10:27:05 UTC.