2012 Full Year Results Briefing

28 February 2013

1

• KEY FINANCIALS & STRATEGY

• BUSINESS REVIEW

• OUTLOOK

• Q&A

2

UOL GROUP LIMITED

• KEY FINANCIALS & STRATEGY

GWEE LIAN KHENG

GROUP CHIEF EXECUTIVE

3

S$m FY 2012 FY 2011 (Restated)

% Change

Revenue 1,145.8 1,960.2 -42

Profit before fair value and other gains/(losses) 439.7 727.8 -40

Other (losses) -25.0 -19.7 +27

Fair value gains on associated companies’

investment properties 107.5 8.7 +1137

Fair value gains on the Group’s investment

properties 442.1 187.2 +136

Profit before income tax 964.3 904.0 +7

PATMI 807.7 678.6 +19

4

The financials for 2011 were restated due to the adoption of the Amendments to FRS 12 – Deferred Tax: Recovery of Underlying

Assets, which took effect on 1 January 2012.

FY 2012 FY 2011 (Restated)

% Change

Earnings per share before fair value and

other gains/(losses) 47.0 cents 69.5 cents -32

Earnings per share 105.1 cents 88.1 cents +19

Net tangible asset value per share $7.94 $6.84 +16

Return on equity before fair value and other

gains/(losses) 5.88% 10.13% -42

Return on equity 13.15% 12.84% +2

Dividends per share - First and Final 15.0 cents 10.0 cents -

- Special - 5.0 cents -

5

• Earnings per share, net asset value and return on equity improved in 2012.

FY 2012 FY 2011 (Restated)

% Change

Total equity $6,719m $5,771m +16

Cash $260m $297m -13

Net debt $1,914m $2,029m -6

Gearing ratio 0.28 0.35 -20

Average borrowing cost 2.23% 2.27% -2

Term loan 79% 79% -

Interest cover (including interest capitalised)

10 Xs 13 Xs -

Ave debt maturity (Yr) 1.7 years 1.4 years -

6

Capital Management

• Gearing improved to 0.28 from 0.35.

7

Debt Maturity Profile

• Percentage of debt above 2 years improved to 43% from 37%.

(as at 31.12.12) (as at 31.12.11)

$m % $m %

Within 1 year 659 30 1,199 54

1-2 years 580 27 271 9

2-3 years 751 35 585 25

> 3 years 184 8 271 12

Total Debt 2,174 100 2,326 100

2003 2004 2005 2006 2007 2008 2009 2010 2011 (Restated)

2012 CAGR

%

Revenue ($m) 461.9 461.2 505.5 605.1 713.5 899.2 1,007.1 1,349.1 1,960.2 1,145.8 10.6

Profit before fair value

and other gains/(losses)

($m)

107.6 128.3 149.3 158.6 273.3 351.5 429.9 551.2 727.8 439.7 16.9

Profit before income tax

($m) 115.9 485.6 149.8 406.8 938.8 210.4 493.5 889.8 904.0 964.3 26.5

PATMI ($m) 78.8 381.6 100.1 339.4 758.9 147.2 424.2 755.9 678.6 807.7 29.5

Gearing Ratio 0.42 0.16 0.19 0.20 0.21 0.42 0.43 0.37 0.35 0.28 n.m

Return on Equity 4.5% 19.9% 4.2% 10.8% 19.2% 4.3% 10.2% 16.3% 12.8% 13.1% 12.7

Total Assets ($m) 3,059.2 3,478.1 3,520.2 4,651.9 6,182.3 6,093.6 7,328.0 7,904.0 8,697.6 9,564.3 13.5

Net tangible asset value

per share ($) 2.52 2.40 2.96 3.95 4.91 4.22 5.25 5.91 6.84 7.94 13.6

Earnings per share

(cents) 12.8 50.7 12.6 42.8 95.4 18.5 53.7 96.94 88.12 105.06 26.4

Market Capitalisation

($m) 1,337.7 1,602.0 1,991.0 3,449.9 3,598.2 1,767.3 3,189.0 3,694.3 3,073.0 4,596.3 14.7

Dividend Yield (%) 3.91 22.82 2.99 3.46 3.32 3.38 2.46 3.16 3.75 2.51 n.m

Share price ($)

as at close of the year 1.92 2.02 2.51 4.34 4.51 2.22 4.07 4.75 4.00 5.97 13.4

A Decade of Growth

8

9

• Deployed more capital into investment properties and hospitality assets in the

last few years

• Committed nearly $1 billion in recurrent income projects in Singapore:

- One Upper Pickering

13-storey office building fully leased for 30 years

- PARKROYAL on Pickering

367 rooms; opened in January 2013

- Pan Pacific Serviced Suites Beach Road

180 rooms; target to open in 2Q 2013

- OneKM

19,519 sqm retail mall; target to open in 2014

UOL GROUP LIMITED

• BUSINESS REVIEW

• OUTLOOK

LIAM WEE SIN

PRESIDENT (PROPERTY)

10

Property development

49%

Property investments

14%

Hotel operations

33%

Management services

2%Investments

2%

Revenue

($m)

11

Revenue and Operating Profit by Business Segments

in 2012

Property development

41%

Property investments

33%

Hotel operations

17%

Management services

3%

Investments6%

Operating Profit

($m)

Propertydevelopment

Propertyinvestments

Hotel operations Managementservices

Investments

560.0

166.1

377.7

18.8 23.2

1,393.8

160.3

360.0

19.9 26.2

FY 2012

FY 2011

-60%

+4%

+5%

-12% -6%

12

Revenue by Business Segments

2012 vs 2011

($m)

Propertydevelopment

Propertyinvestments

Hoteloperations

Managementservices

Investments

147.5119.7

59.8

11.523.1

404.8

112.6

59.5

8.326.1

FY 2012

FY 2011

-64% +6%

+1% -11%

+39%

13

Operating Profit by Business Segments

2012 vs 2011

88

88

4

5

7

3

1

4Singapore

Australia

Malaysia

China

Others

Revenue

FY2012: S$1,145.8m

FY2011: S$1,960.2m

(%)

14

Adjusted EBITDA*

FY2012: S$630.2m

FY2011: S$829.9m

Total Asset Value

FY2012: S$9,564.3m

FY2011: S$8,697.6m

*Excludes unallocated cost, other gains/losses and fair value gains/losses on investment properties

81

75

7

12

8

5

2

3

2

5

86

88

4

3

4

3

4

5

1

1

Geographical Spread

Launched No. of Units (Whole Project)

%Sold* (as at 31.12.12)

Average psf

Katong Regency Apr 2012 244 100 S$1,605

Archipelago Dec 2011 577 100 S$987

Spottiswoode Residences Nov 2010 351 96 S$1,925

Panorama Apr 2008 223 100 RM1,004

The Esplanade, Tianjin#

(Blocks 3 and 4) Jun 2012 320 59 RMB1,588

Panorama Spottiswoode Residences

* Based on cumulative sales and purchase agreement signed. # Revenue to be recognised upon completion of project.

15

Archipelago Katong Regency

• Sold 938 residential units with sales value of more than

$1 billion in 2012

16

Katong Regency

• Integrated development comprising

OneKM retail mall and 244 residential

units

• 100% stake

• Residential units FULLY SOLD

17

Archipelago

• 577-unit condominium located along

Bedok Reservoir Road

• 50% stake

• FULLY SOLD

The Esplanade, Tianjin

• Mixed development, along HaiHe River,

comprising four blocks of 522 apartments,

a 330-room hotel, 17,075 sqm office

and 6,164 sqm retail space

• 90% stake

• Launched two blocks of 320 residential

units; 59% sold

• Launched one office tower; 11% sold

• Pan Pacific Tianjin hotel set to open in 2014

18

Project Name %

Equity

Stake

No. of

Units

Saleable

Area

(sq m)

% Sold (as at 31.12.12)

% Complete (as at 31.12.12)

TOP Date

Panorama 55 223 24,927 100 100 2011

Meadows@Peirce 100 479 66,270 100 100 2012

Double Bay Residences 60 646 77,525 100 100 2012

Terrene at Bukit Timah 50 172 19,740 100 98 Est. 1Q2013

Waterbank at Dakota 100 616 58,213 100 91 Est. 2Q2013

Spottiswoode Residences 100 351 27,376 96 45 Est. 4Q2013

Archipelago 50 577 71,445 100 14 Est. 4Q2014

Katong Regency 100 244 19,432 100 10 Est. 1Q2015

Profit recognition of launched projects

19

Project Name/Location Tenure

of Land

Site Area

(sq m)

Est.

Saleable

Area (sq m)

Est. No.

of Units

%

Owned

Target

Launch

St Patrick’s Garden site FH 12,950 19,083 186 100 3Q2013

Bright Hill Drive site 99 13,437 39,965 445 50 2Q2013

Total 26,387 59,048 631

20

Singapore residential pipeline

Project Name/Location Site Area

(sq m)

Est. Saleable

Area (sq m)

Est. No.

of Units

%

Owned

Target

Launch

The Esplanade, Tianjin (Blocks 1 & 2)

22,895 22,905 202 90 2Q2013

KL (Jalan Conlay) 15,993 60,363 740 60 4Q2013

Shanghai (Changfeng)** 39,540 77,800 400 40 2014

Total 78,428 161,068 1,342

** Mixed development of 77,800 sqm residential units and 8,000 sqm retail space.

Overseas residential pipeline

21

Office properties Net Lettable Area/

GFA (sqm)

Portfolio

Novena Square 41,509

United Square 24,711

Odeon Towers 18,402

Faber House 3,956

One Upper Pickering 8,089

Total 96,667

Retail properties

Portfolio

Novena Square shopping mall 15,972

United Square shopping mall 19,392

Sub Total 35,364

Pipeline

OneKM 19,519

Shanghai (Changfeng) Retail component of mixed development

8,000

The Esplanade Mall, Tianjin 6,164

Total 69,047

Grand Total 165,714

22

OneKM

• 19,519 sqm mall offering lifestyle,

edutainment and gastronomy

• 100% stake

• 50% of leases committed

• Target to open in 2014

NLA 41,509 24,711 18,402 3,956 8,089 15,972 19,392 (sq m)

Above 95% occupancy for all commercial properties

23

NovenaSquareoffice

UnitedSquareoffice

OdeonTowersoffice

FaberHouse office

One UpperPickering

NovenaSquare

ShoppingMall

UnitedSquare

ShoppingMall

98 97 98 99 100 99 98

YTD 31.12.12

Lease Renewal

% Change in

Overall

Average Rent

FY12 vs FY11

Lease Expiry in 2013

(sq m)

NLA %*

Offices

Novena Square +2.7 9,295 22

United Square +0.4 11,426 46

Odeon Towers -2.8 3,446 18

Faber House +3.7 1,553 39

Subtotal +1.3 25,720 26

Shopping Malls

Novena Square +7 5,471 34

United Square +14 6,273 32

Subtotal +10 11,744 33

Tenancy Management

24

* Percentage of NLA for each property.

25

Owned Serviced Suites Properties Rooms

Portfolio

PAN PACIFIC Serviced Suites Orchard, Singapore 126

PARKROYAL Serviced Suites Singapore 90

PARKROYAL Serviced Suites Kuala Lumpur 287

SubTotal 503

Pipeline

PAN PACIFIC Serviced Suites Beach Road, Singapore

(Opening in 2Q2013)

180

Total 683

RESIDENTIAL PROJECTS

Nassim Park Residences

• Singapore Institute of Architects Architectural Design Awards

(Honourable Mention)

Duchess Residences

• MIPIM Asia Awards (Best Residential Development – Silver)

26

CORPORATE AWARDS

UOL Group Limited

• South East Asia Property Awards – Best Developer (South East Asia)

• South East Asia Property Awards – Best Developer (Singapore)

• BCI Asia Top 10 Developer Awards

Duchess Residences Terrene at Bukit Timah

HOTEL PROPERTIES

PARKROYAL on Pickering

• BCA Green Mark Platinum Award

27

OUTLOOK

• Prolonged low interest rate and high liquidity continues to

support the property market amidst economic uncertainties

• Recent cooling measures and latest tax changes expected to

dampen overall demand and moderate prices

• Significant pipeline supply expected to put pressure on the

office sector

• Retail rents expected to come under pressure as retailers

curtail expansion plans due to labour shortage

• Remain cautious and selective in replenishing our landbank

• Continue to strengthen our recurrent income portfolio

28

This presentation may contain forward-looking statements or financial information. Such forward-looking statements and

financial information may involve known and unknown risks, uncertainties, assumptions and other factors which may cause the

actual results, performance or achievements of UOL Group Limited, or industry results, to be materially different from any

future results, performance or achievements expressed or implied by such forward-looking statements and financial

information.

Such forward-looking statements and financial information are based on assumptions including (without limitation) UOL Group

Limited’s present and future business strategies, general industry and economic conditions, interest rate trends, cost of capital

and capital availability, availability of real estate properties, competition from other companies, shifts in customer demands,

customers and partners, changes in operating expenses (including employee wages, benefits and training), governmental and

public policy changes and the continued availability of financing in the amounts and the terms necessary to support future

business activities.

You are advised not to place undue reliance on these forward-looking statements and financial information, which are based

on UOL Group Limited’s current views concerning future events.

UOL Group Limited expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any

forward-looking statements or financial information contained in this presentation to reflect any change in UOL Group Limited’s

expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or

information is based, subject to compliance with all applicable laws and regulations and/or the rules of the SGX-ST and/or any

other regulatory or supervisory body.

This presentation may include market and industry data and forecasts. You are again advised that there can be no assurance

as to the accuracy or completeness of such included information. While UOL Group Limited has taken reasonable steps to

ensure that the information is extracted accurately and in its proper context, UOL Group Limited has not independently verified

any of the data or ascertained the underlying assumptions relied upon therein.

29

30

THANK YOU

31

Q&A