AGM 2012 PPT^19Apr12(draft4) - CopyJambi Siloam SiloamHospitals Makassar East Sumatra • 100 beds...

4/20/2012

1

Portfolio highlights

97

8. Pacific Healthcare Nursing Home II @ Bukit Panjang

Common Activity Area


98


Meals

4/20/2012

2


99


Interaction


100


Interaction

4/20/2012

3


101


Physiotherapy


102


Interaction

4/20/2012

4


103

9. The Lentor Residence

Land Area 2,486 sqm

Gross Floor Area 2,983 sqm

Purchase Price S$12.8 million

Appraised Value1 S$14.0 million

Annual Rental S$1,071,000

No. of Beds / Saleable rooms

148

Year of Building Completion

1999

Lease Terms99 years leasehold

from 20 Aug 1938


104


Main Entrance

4/20/2012

5


105


Extension Block


106


Lobby

4/20/2012

6


107


Nurse Station


108


Communal Area

4/20/2012

7


109


Activity Area


110


Ward

4/20/2012

8


111


Ward


112


Interaction

4/20/2012

9


113


Interaction


114

10. Sarang Hospital

Land Area 2,142 sqm

Gross Floor Area 4,982 sqm

Purchase Price US$13.0 million

Appraised Value1

US$13.2 million

Annual Rental US$637,000

No. of Beds / Saleable rooms

217

Year of Building Completion

2010

Lease Terms Freehold

4/20/2012

10


10. Sarang Hospital

Reception

115


10. Sarang Hospital

Outpatient Department

116

4/20/2012

11


10. Sarang Hospital

Corridor

117


10. Sarang Hospital

Ward

118

4/20/2012

12


10. Sarang Hospital

Rehabilitation Area

119


10. Sarang Hospital

Physiotherapy Area

120

4/20/2012

13


10. Sarang Hospital

Physiotherapy Area

121


10. Sarang Hospital

Consultation Room

122

4/20/2012

14


10. Sarang Hospital

X‐Ray

123


10. Sarang Hospital

Assist Shower Facility

124

4/20/2012

15


10. Sarang Hospital

Staff Dining Area

125

1 Portfolio highlights

2 Financial highlights

3 Our journey so far

4 Looking ahead

4/20/2012

16

5‐year financial overview

127

Net Property Income

CAGR: 19.5%

*Includes deferred rental income from Adam Road property as at 31 December 2010, which has since been divested as at 25 March 2011

YoY: 71.8%

5‐year financial overview

86.7%86.4%

13.6%13.3%

86.6%

13.4%

29,964 30,162 *31,494

26,666

54,006

1.5%

92.9%

5.6%

91.0%

9.0%

Rental Income Breakdown By Geography

128

*Includes deferred rental income from Adam Road property as at 31 December 2010, which has since been divested as at 25 March 2011

4/20/2012

17




4 Looking ahead

Number of unitholders

130

4/20/2012

18

Unitholders’ profit from 2006 to now

Singapore cents

Rights Issue

Enlarged share base

131

First REIT [1YEAR] : 0.92

As at 18 Apr 2012

Since listing in December 2006

Adjusted for Rights Units

First REIT share performance

132

4/20/2012

19

First REIT [1YEAR] : 0.92 Straits Times Index (STI) [1YEAR] : 3003.510 FTSE ST Real Estate Investment Trusts Index [1YEAR] : 645.990

As at 18 Apr 2012

FTSE ST Real Estate Investment Trusts Index

STI Index

First REIT

First REIT vs STI Index vs FTSE ST REIT Index

133

% of total return – YTD & annualised

DPU (cents)

IPO Price

Rights Issue

Enlarged share base

Unit price (cents)

Average Unit Price

post Rights

Closing price as at 31 Dec 2011

• Total return to date : 52.64 cents

• % gain over Average Unit Price : 88.7%

• % gain on an annualised basis : 17.5%

DPU Return: FY 2007 to FY 2011 : 35.97 cents

Return on Average Unit Price : 16.67 cents

Average Unit Price post Rights = (71.00 x 4 + 50.00 x 5)/9

134

4/20/2012

20




4 Looking ahead

Indonesia’s healthcare marketLonger life expectancies and ageing population

Source: IMF, CIA World Fact Book, Indonesian Department of Health, Frost & Sullivan

(mm) (Years)

2011: 6.1% of the population consists of people above the age of 65, compared to 5% in 2009

136

4/20/2012

21

Indonesia’s healthcare marketPer capita healthcare expenditure in Indonesia

Source: WHO, Frost & Sullivan.

(US$) Total (%)

Indonesian per capita healthcare expenditure has continued to grow even through the 2008 economic crisis

137

Per capita expenditure

Total healthcare expenditure

as a % of GDP

Indonesia’s healthcare marketPrivate vs. government healthcare expenditure

Source: WHO, World Bank, Frost & Sullivan.

(US$’b)

Outlook for Indonesia’s healthcare expenditure likely to continue its positive growth trend, particularly with the growing penetration of universal public health insurance

138

4/20/2012

22

Indonesia’s healthcare marketAverage patient cost per tertiary hospital bed

Source: Frost & Sullivan.

(US$’)

Indonesia offers the most affordable hospitalization cost among other countries despite facing the highest level of restraint in hospital bed capacity

139

LK’s growth plans: 20 hospitals in the pipeline

First REIT has sufficient headroom for future acquisitions and funding if the need arises

Dominates Indonesia’s Retail Malls and Hospitals

Currently has 7 hospitals with 1,275 beds under the Siloam Hospitals network

Nationally and internationally accredited

Lippo Karawaci – the largest listed property company in Indonesia

LK has 20 hospitals in the pipeline

Transformational hospital group scale‐up to USD3.5 billion in 5 years

140

Strong sponsor in Indonesia

4/20/2012

23

Right‐of‐first‐refusal to strong & steady pipeline

East Kalimantan• 110 beds• Completion: 2011

Siloam Hospitals Balikpapan

Siloam HospitalsJambi

Siloam HospitalsMakassar

East Sumatra• 100 beds• Completion: 2011

South Sulawesi•411 beds•Completion: Apr 2012

Siloam HospitalsManado

North Sulawesi•249 beds•Completion: Apr 2012

141

Completed developments to date

Right‐of‐first‐refusal to strong & steady pipeline

Siloam HospitalsPalembang

Siloam HospitalsBali

Palembang• 334 beds• Completion: 2012

Bali•246 beds•Completion: 2012

Siloam Hospitals TB Simatupang

Simatupang•300 beds•Completion: 2012

142

Developments undergoing construction to date

4/20/2012

24

Singapore: Nursing Home Development Programme

Possible acquisitions in other markets

Will continue to hunt for quality and yield‐accretive healthcare‐related assets in Asia

Target to raise asset base to S$1 billion in the next two to three years

2011: A slew of governmental measures aimed at making healthcare more affordable to Singaporeans; more subsidies to cover social care for the elderly and health screening for the elderly

December 2010: The Singapore government launched the S$120 million “Nursing Home Development Programme” to boost healthcare in the home, nursing homes and community hospitals

6 new and upgraded nursing homes are expected to be completed over the next 3 years

Demand for such facilities and the number of nursing home beds in Singapore are projected to increase from 9,300 to 14,000 by 2020

143

Singapore & other markets

Thank You

Q&As

AGM 2012 PPT^19Apr12(draft4) - CopyJambi Siloam SiloamHospitals Makassar East Sumatra • 100 beds...

Documents

Transcript of AGM 2012 PPT^19Apr12(draft4) - CopyJambi Siloam SiloamHospitals Makassar East Sumatra • 100 beds...