Thakral Corporation Ltd · SGX:AWI
Thakral — H1 2023 Earnings Presentation
30 slides from Thakral's earnings presentation, Sep 14, 2023
Slide 1: General Announcement: 1HFY2023 Corporate Presentation for Analyst Briefing
General Announcement::1HFY2023 Corporate Presentation for Analyst Briefing GENERAL ANNOUNCEMENT::1HFY2023 CORPORATE PRESENTATION FOR ANALYST BRIEFING Issuer & Securities Issuer/ Manager THAKRAL CORPORATION LTD Securities THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI Stapled Security No Announcement D
Slide 2: Corporate Presentation
[TITLE] [TITLE] [DATE] CORPORATE PRESENTATION Presentation by: 14 September 2023 [Name] [Designation]
Slide 3: Disclaimer
DISCLAIMER This is a presentation of general information relating to the current activities of Thakral Corporation Ltd. (the “Company”). It is given in summary form and does not purport to be complete. This presentation may contain forward-looking statements which are subject to risks and uncertaint
Slide 4: Thakral at a Glance
THAKRAL AT A GLANCE Diversified across Industry and Geography SGX listed since 1995 Global • Addressing sourcing needs of brands and products for wholesalers and retailers (including cross-border e-commerce) S$0.615 • Minority stake in leading global at-home beauty device e-commerce platform, Curren
Slide 5: Investment Business
[TITLE] [TITLE] [DATE] INVESTMENT BUSINESS
Slide 6: Investment Business
INVESTMENT BUSINESS Primarily involved in over-50s lifestyle resorts in Australia and a portfolio of commercial properties in Japan Businesses Geography Structure Over-50s lifestyle resorts development and operation Australia 31.7% associate (Post restructuring) Commercial real estate investments Ja
Slide 7: GemLife – About Us
GEMLIFE – ABOUT US The Gem Cut | July https://www.youtube.com/watch?v=XpVRuSaHFiA ➢ Over-50s luxury resort living in Australia ➢ 11 communities across East Australia with 7 currently occupied ➢ A total of 1,222 occupied homes as of 30 June 2023 and a pipeline taking us to about 7,000 homes ➢ Thakral
Slide 8: GemLife – Business Model
GEMLIFE – BUSINESS MODEL Understanding Australia’s Manufactured Housing Estates (MHEs)/Land Lease Community Model Residents purchase and Residents lease the Resident pays site fees owns the relocatable land on which the for leasing the land home homes sits on Source: Knight Frank GemLife’s Business
Slide 9: GemLife – Industry Trend
GEMLIFE – INDUSTRY TREND Capitalising on opportunities from the ageing population trend Population Projections by the Australian Bureau of Statistics Aged 50 and above Aged 65 and above Year 2022 2032 2022 2032 % of Population 34.0 34.8 16.3 18.5 Queensland Number of People 1.8 2.1 0.9 1.1 (mil) % o
Slide 10: GemLife – Occupancy
GEMLIFE – OCCUPANCY Growing recurring revenue base from weekly site fees GemLife Cumulative Occupied Homes Target of 1,222 7,000 Average of 266 new homes per annum 1,088 homes in the next decade based on 870 current project pipeline No. of Houses 530 Supported by strong demand based on 290 ageing po
Slide 11: Japan – An Overview
JAPAN – AN OVERVIEW Consistent strong returns with strategically located properties in Osaka CBD Thakral focusses on commercial properties, primarily office buildings Land Area Gross Floor Area Effective Property Year Acquired Occupancy (sqm) (sqm) Ownership Yotsubashi East Building 2014 525 4,695 5
Slide 12: Japan – Capital Recycling Plan
JAPAN – CAPITAL RECYCLING PLAN Unlocking long-term asset values Divestment of Osaka Hotel Further Divestment Plan Acquired Nov 2017 Two more office buildings in Osaka to be put on sale by end of Disposed Aug 2023 September 2023 in light of the favourable market condition Gains After Tax S$1.7 millio
Slide 13: Lifestyle Business
[TITLE] [TITLE] [DATE] LIFESTYLE BUSINESS
Slide 14: Lifestyle Business
LIFESTYLE BUSINESS Brand management of a portfolio of leading beauty, fragrance and lifestyle products Businesses Sales Geography Structure Management of leading beauty, fragrance and lifestyle brands across e-commerce and offline retail channels, both Greater China, Global 100% subsidiary direct-to
Slide 15: Lifestyle Business - Beauty and Fragrance
LIFESTYLE BUSINESS - BEAUTY AND FRAGRANCE Increasing channel footprint in Greater China to capitalise on the growing market Business Model Extensive Portfolio of Well-Known Global Brands ➢ Brand management of leading beauty, fragrance and lifestyle brands ➢ Sourcing products for global wholesalers a
Slide 16: Lifestyle Business - CurrentBody
LIFESTYLE BUSINESS - CURRENTBODY Expanding footprint globally About CurrentBody Corporate Exercise ➢ Global leading platform for at-home beauty devices with a Share Swap Exercise in June 2023 strong portfolio of own label products under the CB Skin brand ➢ Over 20 in-country e-commerce retail stores
Slide 17: Lifestyle Business - DJI
LIFESTYLE BUSINESS - DJI Venturing into the enterprise & agriculture sector About DJI Thakral’s Involvement ➢ The world’s largest drone manufacturer Exclusive distribution with over 70% of global drone market of DJI enterprise, share* consumer and ➢ Products include drones, action cameras, agricultu
Slide 18: Financial Results
[TITLE] [TITLE] [DATE] FINANCIAL RESULTS
Slide 19: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS Attributable profit doubled on the back of multi-segmental growth 1H2023 1H2022 YoY (S$’000) (S$’000) Change Revenue 104,196 64,375 61.9% Growth was driven by improvement in Lifestyle business which made up over 90% of revenue Gross profit 23,165 14,211 63.0% Steady gross
Slide 20: Revenue Breakdown by Segment
REVENUE BREAKDOWN BY SEGMENT ~94% of 1H2023 revenue was contributed by Lifestyle business Total Revenue 127.8 160.4 64.4 104.2 Key Takeaways (1H2023 vs 1H2022) Lifestyle • Overall recovery in consumer demand S$ mil • New fragrance products launched 137.8 • 3 new stores in HK and Macau 112.7 • Robust
Slide 21: Revenue Breakdown by Geography
REVENUE BREAKDOWN BY GEOGRAPHY Growth in key geographies as consumer demand recovered in 1H2023 Total Revenue 127.8 160.4 64.4 104.2 12.9 5.8 15.7 11.1 Key Takeaways 5.8 22.8 3.7 (1H2023 vs 1H2022) 8.7 S$ mil 1.1 5.2 22.9 21.9 Greater China 14.0 • Overall recovery in consumer demand 5.6 22.1 • New f
Slide 22: Segmental Results Breakdown
SEGMENTAL RESULTS BREAKDOWN Dual impact: 2-fold increase in Investment business and 4-fold increase in Lifestyle business Total Segment Results Key Takeaways 45.1 41.8 6.6 19.1 (1H2023 vs 1H2022) 0.1 LIFE (Group) 1.9 • New products, new stores, and 1.8 recovery (Greater China) 4.8 • Robust sales of
Slide 23: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS Healthy financial position with net assets of S$225.7 million as at 30 Jun 2023 As at 30 Jun 2023 As at 31 Dec 2022 Assets (S$’000) (S$’000) Current Assets 92,499 84,894 Reduced due to new Cash and bank balances 15,008 20,058 investments and dividend payments to shareholders
Slide 24: Key Ratios
KEY RATIOS EPS improved significantly on the back of improved profitability Net Asset Value Per Share (NAV) Return on Equity (ROE) 113.9 117.9 118.4 118.1 12.7 12.1 9.9 53.5 61.0 56.5 5.4 41.5 FY2020 FY2021 FY2022 1H2023 FY2020 FY2021 FY2022 1H2023* NAV (cents) Closing Share Price (cents) ROE (%) *A
Slide 25: Dividend Track Record
DIVIDEND TRACK RECORD • Consistent dividend pay-out to shareholders • Enhanced shareholder value via share buybacks (S$1.76m between Dec 2022 to Jun 2023) 9.3 8.2 5 7.2 7.5 7.4 7.3 * 10 Attractive dividend yield 0 4.5 4 4.0 4.0 4.0 -10 Total dividend payout -20 reached 5-year high in FY2022 3 3.0 -3
Slide 26: Sustainability Highlights
[TITLE] [TITLE] [DATE] SUSTAINABILITY HIGHLIGHTS
Slide 27: Sustainability Highlights
SUSTAINABILITY HIGHLIGHTS Four Key Pillars & Key Achievements FY2022 26
Slide 28: Sustainability Highlights
SUSTAINABILITY HIGHLIGHTS GemLife Japan Office Properties ➢ Every GemLife home and clubhouse is fitted with solar panels with ➢ On-going efforts to reduce energy consumption central, community batteries installed or to be installed, to operate and carbon footprint through installation of energy rene
Slide 29: Sustainability Highlights
SUSTAINABILITY HIGHLIGHTS Impact Investing Empowering Local Communities ➢ Maiden foray into impact investing under ➢ North East Growth Fund – Milk and Diaper Support - Commenced support in BillionBricks, a community of net-zero 2019 and last renewed for another 3-years in 2022. Supported around 875
Slide 30: Thank You!
THANK YOU! www.thakralcorp.com For further enquiries, please contact: Financial PR Kamal SAMUEL / Shivam SARAF / Hong Ee TANG / Urvija DIWAN [email protected] [email protected] [email protected] [email protected]