SembCorp 1QFY16

Summary of Sembcorp’s 1Q2016 Financial Results
 Turnover at S$1.9 billion, down 19%



 Profit from Operations* at S$237.5 million, down 6%

 Net Profit at S$107.0 million, down 25%

 EPS at 5.5 cents

 ROE (annualised) at 6.7%

Group Net Profit

  (S$M) 1Q16 1Q15 Δ%

Utilities 75.2  74.5 1

Marine 33.5  64.7 (48)

Urban Development 1.2 1.1 14

Other Businesses 9.1 9.7 (7)

Corporate* (12.0) (7.8) (54)

 

TOTAL NET PROFIT 107.0 142.2 (25)

  *
 

LMIRT 1QFY16

Revenue                                 = $45,524,000
NPI                                         = $40,832,000
Distributable Income             = $23,178,000
DPU                                       = 0.83 cents
NAV                                       = 38 cents
Gearing                                   = 35.7%

CDLH Trust 1QFY16

NPI                                               $33.7m
Income Available For Dist           $21.9m
DPU                                              2.22 cents
Occupancy                                     86.5%
ARR                                              $199
RevPAR                                        $172
Total Assets                                   $2,512m
Debt                                               $921m
Gearing                                          36.7%
Interest Cover                                 6.0X
Avg Weighted Cost Of Debt          2.5%
NAV                                               $1.5527

China Merchant Pacific 1QFY16

Revenue                          HKD 634,672,000
Net Profit                        HKD 254,305,000
Operating CF                  HKD 782,234,000
Short Term Debt             HKD 675,135,000
Long Term Debt             HKD 8,308,933,000
Cash & Cash Equiv        HKD 2,353,233,000
EPS                                 9.07 HK Cents
NAV                               HKD 5.44

AscendasIndiaTrust 4QFY15/16

Total Property Income                          =  Rupee 1,722m
NPI                                                        =  Rupee 1,114m
Income Available For Dist                   =  $14.4m
DPU                                                      =  1.40 cents (4QFY2015/2016 1.30 cents)
NAV                                                      = 69 cents
Interest Cover                                         = 4.2
Gearing                                                   = 26%
Percentage Fixed Rate Debt                   = 100%
Average Cost Of Debt                            = 6.9%
Effective Borrowings                             = $353m (INR:73%,SGD:27%)

INR:SGD (47.1:1)

StarHillGlobalReit 3QFY15/16

Revenue                                   $53.6m
NPI                                           $41.6m
Income Available For Dist       $28m
DPU                                          1.26 cents
Total Debt                                 $1,124m
Gearing                                     35.4%
Interest Cover                           4.3X
Average Interest Rate               3.15%
Unencumbered Asset Ratio      73%
NAV                                          89 cents

SuntecReit 1QFY2016

Gross Revenue                                 = $78.3m
NPI                                                   = $54m
Distributable Income                        = $60m
DPU                                                  = 2.371 cents
Total Liabilities                                = $3220m
Gearing                                             = 34.7%
All-In-Financing-Cost                      = 2.92%
Interest Coverage Ratio                    = 3.6X
Adjusted NAV                                  = $2.114