AGM 2012 PPT^19Apr12(draft4) - CopyJambi Siloam SiloamHospitals Makassar East Sumatra • 100 beds...
Transcript of AGM 2012 PPT^19Apr12(draft4) - CopyJambi Siloam SiloamHospitals Makassar East Sumatra • 100 beds...
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Portfolio highlights
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8. Pacific Healthcare Nursing Home II @ Bukit Panjang
Common Activity Area
Portfolio highlights
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8. Pacific Healthcare Nursing Home II @ Bukit Panjang
Meals
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8. Pacific Healthcare Nursing Home II @ Bukit Panjang
Interaction
Portfolio highlights
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8. Pacific Healthcare Nursing Home II @ Bukit Panjang
Interaction
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8. Pacific Healthcare Nursing Home II @ Bukit Panjang
Physiotherapy
Portfolio highlights
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8. Pacific Healthcare Nursing Home II @ Bukit Panjang
Interaction
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Portfolio highlights
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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
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Year of Building Completion
1999
Lease Terms99 years leasehold
from 20 Aug 1938
Portfolio highlights
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9. The Lentor Residence
Main Entrance
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Portfolio highlights
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9. The Lentor Residence
Extension Block
Portfolio highlights
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9. The Lentor Residence
Lobby
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9. The Lentor Residence
Nurse Station
Portfolio highlights
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9. The Lentor Residence
Communal Area
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Portfolio highlights
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9. The Lentor Residence
Activity Area
Portfolio highlights
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9. The Lentor Residence
Ward
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Portfolio highlights
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9. The Lentor Residence
Ward
Portfolio highlights
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9. The Lentor Residence
Interaction
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Portfolio highlights
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9. The Lentor Residence
Interaction
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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
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Portfolio highlights
10. Sarang Hospital
Reception
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Portfolio highlights
10. Sarang Hospital
Outpatient Department
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Portfolio highlights
10. Sarang Hospital
Corridor
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10. Sarang Hospital
Ward
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10. Sarang Hospital
Rehabilitation Area
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Portfolio highlights
10. Sarang Hospital
Physiotherapy Area
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Portfolio highlights
10. Sarang Hospital
Physiotherapy Area
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Portfolio highlights
10. Sarang Hospital
Consultation Room
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10. Sarang Hospital
X‐Ray
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Portfolio highlights
10. Sarang Hospital
Assist Shower Facility
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10. Sarang Hospital
Staff Dining Area
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1 Portfolio highlights
2 Financial highlights
3 Our journey so far
4 Looking ahead
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5‐year financial overview
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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
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*Includes deferred rental income from Adam Road property as at 31 December 2010, which has since been divested as at 25 March 2011
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1 Portfolio highlights
2 Financial highlights
3 Our journey so far
4 Looking ahead
Number of unitholders
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Unitholders’ profit from 2006 to now
Singapore cents
Rights Issue
Enlarged share base
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First REIT [1YEAR] : 0.92
As at 18 Apr 2012
Since listing in December 2006
Adjusted for Rights Units
First REIT share performance
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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
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% 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
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1 Portfolio highlights
2 Financial highlights
3 Our journey so far
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
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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
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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$’b)
Outlook for Indonesia’s healthcare expenditure likely to continue its positive growth trend, particularly with the growing penetration of universal public health insurance
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Indonesia’s healthcare marketAverage patient cost per tertiary hospital bed
Source: Frost & Sullivan.
(US$’)
Indonesia offers the most affordable hospitalization cost among other countries despite facing the highest level of restraint in hospital bed capacity
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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
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Strong sponsor in Indonesia
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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
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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
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Developments undergoing construction to date
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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
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Singapore & other markets
Thank You
Q&As