35th AGM - Singapore Exchange€¦ · 5 655.8 242.4 84.4 576.9 296.5 85.9 S$’m FY2018 Media...
Transcript of 35th AGM - Singapore Exchange€¦ · 5 655.8 242.4 84.4 576.9 296.5 85.9 S$’m FY2018 Media...
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35th AGM
29 November 2019
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Financial Performance & Key Highlights
Media
Property
Others
Summary
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FinancialPerformance & Key Highlights
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FY2019 FY2018 Change (%)
Operating revenue 959,255 982,555 (2.4)
Total costs 790,747 792,724 (0.2)
Operating profit 186,922 212,948 (12.2)
Fair value change on investment properties 82,407 45,702 80.3
Share of results of associates, JVs 19,119 (4,928) NM
Net income from investments 9,834 115,175 (91.5)
Profit before taxation 298,282 368,897 (19.1)
Net profit attributable to shareholders 213,211 278,380 (23.4)
NM Not Meaningful
S$’000
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655.8
242.4
84.4
576.9
296.5
85.9
S$’m
FY2018 Media Property Others (incl.
Aged Care)
FY2019
Operating Revenue
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98.7
189.2
-18.0
99.0
-27.3
54.7
263.0
8.0
Profit Before Taxation (PBT)S$’m
FY2018 Treasury &
Investment
Property Media Others (incl.
Aged Care)
FY2019
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Media
Quality Journalism
Successful Tablet
Campaign
Property
Student Housing
Portfolio > S$600m
SPH REIT into
Australia
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Media
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-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
FY16 FY17 FY18 FY19
% Year on Year Change
Newspaper Print Ad Revenue
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1,000
1,200
1,400
1,600
1,800
2,000
FY17 FY18 FY19
$’m Total Market Adex
SPH’s share
stable
But shift to
lower-priced
digital
advertising
Source: Nielsen Advertising Spend
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0
50
100
150
200
250
Digital daily newspaper circulation copies rising
0
30
60
90
120
FY17 FY18 FY19
$’m
11
FY19FY18
Total Digital Revenue Growing
FY17
‘000
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Ignatius Low
Chief Commercial
Officer
Linda Lim
Chief of Advertising
Partnerships and
Market Development
Helen Lee
Head of Platform
Development
and Innovation
Joanna Ho
Head of Business
Planning and
Operational Excellence
New hires to drive growth, monetise content
and implement strategy of cross-platform sales
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10k subscribers for
ZB news tablets in 6
months, 75% are new
1k subscribers for BH
news tablets in a
month, 90% are new
Targeted Ad
Campaigns
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Property
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DPU of 5.60 cents, 1.1%
from FY2018
Maiden overseas
acquisition with Figtree
Grove Shopping Centre
near Sydney in Dec 2018
Expanding, with 50%
interest (A$670m) in
Westfield Marion
Shopping Centre in
Adelaide in Nov 2019
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Leading player in UK PBSA with
5,059 beds across 10 UK cities
Assets under management >S$600m
Operationalised Capitol
Students brand
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Acquired 284 beds in Nov 2019
Total PBSA portfolio of 5,343 beds
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Others
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FY 18 FY 19
80%82%
Bed Occupancy Rate (BOR)
Enhanced residents’ living
environment with re-opening of Changi
Care Village
Steady bed
occupancy rate
despite competition
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Set up a fund with
Japanese asset
manager Bridge-C
Capital in Oct 2019
Earn additional income
from management fees
Initial fund size S$50m
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Summary
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The Board has declared a final dividend of 5.5 cents per share and
a special dividend of 1 cent per share
Full year dividend distribution of 12 cents per share
(Including interim dividend of 5.5 cents)
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Property
• Diversify, grow
recurring income
base, investing in
cash-yielding
defensive sectors
• Seek acquisitions
in UK and other
overseas markets
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Media and Digital
• Innovating
through
tech/digital
investments
• Strengthening
management
bench
• Disciplined cost
management
Aged Care
• Expanding
overseas
Optimising and Deploying Capital
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Thank You
Q&A
Visit www.sph.com.sg for more information