Financial Statements and Related Announcement::Full Yearly Results Page 1 of 1 Financial Statements and Related Announcement::Full Yearly Results Issuer & Securities Issuer/ Manager METRO HOLDINGS LTD Securities METRO HOLDINGS LIMITED - SG1I11878499 - M01 Stapled Security No Announcement Details Announcement Title Financial Statements and Related Announcement Date & Time of Broadcast 30-May-2017 13:33:30 Status New Announcement Sub Title Full Yearly Results Announcement Reference SG170530OTHRHMW5 Submitted By (Co./ Ind. Name) Tan Ching Chek Designation Company Secretary Description (Please provide a detailed Please refer to the attached file for a copy of the FY2017 Results description of the event in the box below - Presentation Slides. Refer to the Online help for the format) Additional Details For Financial Period Ended 31/03/2017 Attachments MHLFY2017 Presentation Final.pdf Total size =2568K http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce... 30-May-17
METRO HOLDINGS LIMITED F Y 2 0 17 R E S U LTS P R E S E N TATI ON
CONTENTS • About Metro • Property Development & Investment • Retail Operations • Financial Highlights • Growth Strategies • Going Forward • Market Outlook 2
WHO WE ARE A property development and investment group, backed by an established retail track record, with strong presence in China, Indonesia and Singapore. The group has also expanded its geographical presence to the United Kingdom, in particular, Manchester and Sheffield. 3
OUR INTERNATIONAL PRESENCE List of Investment Properties • Metro City, Shanghai • Metro Tower, Shanghai • GIE Tower, Guangzhou • Shama Century Park, Shanghai (Associate) List of Investments • Top Spring International (Property Developer-HK Listed)(Associate) • MGSA Private Trust (AFS) List of Retail Outlets • Singapore • Indonesia – Jakarta, Bandung, Makassar, Surabaya and Solo Development Properties (with joint venture partners) • Nanchang Fashion Mark - mixed-use development property in Nanchang City, Jiangxi province, The PRC • The Hatbox and Middlewood Locks – mixed-use developments in Manchester, UK • Sheffield Digital Campus – office buildings in Sheffield, UK • The Crest – residential condominium at Prince Charles Crescent, Singapore 4
PROPERTY DEVELOPMENT & INVESTMENT 5
PORTFOLIO OVERVIEW Investment Properties as at 31 March 2017: Valuation % owned Site Lettable No. of Occupancy ( S$’m ) by Tenure Area Area Tenants Rate (%) (“ sqm ”) (“ sqm ”) Group (100%) GIE Tower, 50 yr term 100% - 28,390 33 86.4 97 Guangzhou from 1994 Metro City, 36 yr term 60% 15,434 38,447 172 95.5 208 Shanghai from 1993 Metro 50 yr term Tower, 60% 4,993 40,323 30 92.7 195 from 1993 Shanghai 6
INVESTMENT PROPERTY Property Valuation (100%) as at 31 March 2017 and 2016: FY2017 FY2016 FY2017 FY2016 (%) (%) ( Rmb’m ) ( Rmb’m ) ( S$’m ) ( S$’m ) 480 479 +0.2 97 100 -3.0 GIE Tower, Guangzhou Metro City, Shanghai 1,024 1,059 -3.3 208 221 -5.9 Metro Tower, Shanghai 958 957 +0.1 195 200 -2.5 Exchange rates: FY16: S$1: RMB 4.785 FY17: S$1: RMB 4.926 7
PORTFOLIO OVERVIEW Development Properties (Associates/Joint Ventures): Expected Leasable/ % owned by Sale Location completion Group (*) launch Saleable Area (#) date Nanchang, Jiangxi Nanchang Fashion Mark 30% 400,080 sqm Note (1) June 2020 Province, PRC The Crest at Prince Singapore 40% 50,854 sqm June 2014 TOP Feb 2017 Charles Crescent The Hat Box Note (2) Manchester, UK 25% 112,400 sqft Mid 2015 1Q 2016 Middlewood Locks Manchester, UK 25% Note (3) Note (3) Note (3) Note (4) Note (4) Sheffield Digital Campus Sheffield, UK 50% 131,226 sqft Note (1) Nanchang Fashion Mark’s residential and commercial properties are being sold and completed in phases. As at 31 March 2017, 290,782sqm, 67,129sqm and 46,071sqm of residential, office and retail area respectively have been presold. 290,274sqm of residential area, 51,380sqm of office and 38,312sqm of retail area have been completed and handed over as at 31 March 2017 (2) All units of The Hat Box have been sold as at 31 March 2016 and handover completed in April 2016 (3) Middlewood Locks’ 24 acres (site area) will be developed in phases. Construction of Phase 1 residential has commenced and sales of the 571 units is being launched. (4) Sheffield DC comprises two Grade A office buildings, Acero Works and Vidrio House. Construction of Acero Works has commenced, with completion expected in Q3 2017 Development properties under development by Hong Kong listed associate, Top Spring International, are not listed above * As at 31 March 2017 # Estimated as at 31 March 2017 8
GIE TOWER, GUANGZHOU Top 10 Tenants: Occupancy Rate: 86.4% % of Name of Tenant Trade Sector lettable Office Tenant Mix by Lettable Area area (as at 31 March 2017) Yu Cai Restaurant F&B 14.2% Abbott Laboratories Pharmaceutical & Medical 8.6% 17.5% 10.3% Sino-US United MetLife Banking, Insurance & 7.7% 8.7% Insurance Financial Services Roche Pharmaceutical & Medical 6.8% Guangdong Teachers Others 6.3% 5.5% Novo Nordisk Pharmaceutical & Medical 4.2% IT Services & Toshiba 4.1% 18.5% Telecommunication 22.6% Guangzhou Kamen 3.3% Consumer Products 3.9% Industry Evergreen Others 3.5% IT Services & Telecommunication Pharmaceutical & Medical RB & Manon Others 3.1% Petroleum & Chemicals Others F&B Consumer Products Banking, Insurance & Financial Services 9
GIE TOWER, GUANGZHOU RMB/sqm 89.4% 90.0% 88.4% 87.7% 86.4% 130 86.0% 85.9% 85.6% 85.0% 83.3% 120 112 109 109 109 110 80.0% 107 106 103 99 100 75.0% 90 70.0% 80 65.0% 70 60 60.0% Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Average leasing rate as at Occupancy rate as at 10
METRO CITY, SHANGHAI Top 10 Tenants: Occupancy Rate: 95.5% % of total Name of Tenant Trade Sector lettable area Retail Tenant Mix by Lettable Area Physical Fitness & Leisure & Entertainment/ 7.7% Beauty Centre Sport & Fitness (as at 31 March 2017) Star Theatre Leisure & Entertainment/ 6.6% Sport & Fitness 3.5% Food Republic F&B 6.5% 8.6% 37.4% Kodak Cinema World Leisure & Entertainment/ 6.1% Sport & Fitness HAOLEDI KTV Leisure & Entertainment/ 5.6% Sport & Fitness Shanghai Xi Ti F&B 4.5% La Chapelle Fashion & Shoes 2.8% La Ruta De Via Fashion & Shoes 2.2% 26.0% Popular Bookmall Others 1.9% 20.0% MUJI Department Store 1.9% F&B (Includes KFC and Pizza Hut) Fashion & Shoes (Includes Uniqlo) Leisure & Entertainment/Sport & Fitness Others (Includes Godiva) Department Store 11
METRO CITY, SHANGHAI RMB/sqm 100.0% 95.5% 94.0% 700 92.2% 91.4% 89.0% 89.4% 88.2% 90.0% 81.7% 650 636 623 80.0% 600 70.0% 579 551 549 545 60.0% 550 539 536 50.0% 500 40.0% 450 30.0% 400 20.0% Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Average leasing rate as at Occupancy rate as at 12
METRO TOWER, SHANGHAI Top 10 Tenants: Occupancy Rate: 92.7% % of total Name of Tenant Trade Sector lettable area Office Tenant Mix by Lettable Area Swatch Group Consumer Products 16.4% (as at 31 March 2017) Exxon Mobil Petroleum & Chemicals 15.2% Energy Source Others 14.5% 25.3% Pizza Hut F&B 6.7% 18.7% Agricultural Bank of Banking, Insurance & 6.0% 6.0% China Financial Services Cummins Others 5.3% KFC F&B 5.2% Shanghai Xi Ti F&B 4.2% 18.9% Tutuanna Consumer Products 2.5% 18.8% Lucite International Petroleum & Chemicals 1.9% 5.0% Banking, Insurance & Financial Services Consumer Products IT Services & Telecommunication Petroleum & Chemicals Others F&B 13
METRO TOWER, SHANGHAI RMB/sqm 99.4% 98.0% 100.0% 96.1% 100.0% 100.0% 95.4% 210 93.6% 92.7% 95.0% 190 90.0% 182 181 181 181 179 179 175 174 85.0% 170 80.0% 150 75.0% 130 70.0% 110 65.0% 90 60.0% Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Average leasing rate as at Occupancy rate as at 14
PROPERTY INVESTMENT – EXPIRY PROFILE Expiry Profile by Gross Rental Income: 1H2018 (%) 2H2018 (%) GIE Tower, Guangzhou 3.6 9.4 Metro City, Shanghai 6.3 13.0 Metro Tower, Shanghai 4.5 15.2 15
SHANGHAI SHAMA CENTURY PARK Key Statistics Acquisition date 27 December 2013 Land use rights tenure ending on 30 December 2072 Total consideration (Rmb million) – 524 30% interest Saleable/Leaseable GFA (sq.m.) *7,355 Valuation (Rmb million) – 100% *515.5 Interest attributable to us (%) 30% * As at 31 March 2017 Project Overview The Property is operated as serviced apartments and was completed in 2006 for residential and car park uses. It is located at No. 99 Dongxiu Road, Pudong New District, Shanghai, the PRC, and comprises: (a) A total of 284 residential units across nine buildings with a total gross floor area of approximately 49,357 sq.m (b) 240 underground car park units (c) As at 31 March 2017, leasable GFA of approximately 42,001 sq.m., comprising 245 units, has been sold and delivered 16
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