A Fast-Growing Niche Property Developer With Integrated...

A Fast-Growing Niche Property Developer With

Integrated Construction Capabilities

CORPORATE PRESENTATION March 2015

2

Disclaimer

IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached document. You are advised to read this disclaimer carefully before accessing, reading or making any other use of the attached document. In accessing the attached document, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. Confirmation of Your Representation: In order to be eligible to view the attached document, investors must not be a U.S. person (within the meaning of Regulation S under the Securities Act (as defined below)). The attached document is being sent at your request and by accepting the e-mail and accessing the attached document, you shall be deemed to have represented to us (1) that you are not resident in the United States (“U.S.”) nor a U.S. person, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”) nor are you acting on behalf of a U.S. person, and the electronic mail address that you gave us and to which this email has been delivered is not located in the U.S., and (2) that you consent to delivery of the attached document and any amendments or supplements thereto by electronic transmission. By accepting this document, if you are an investor in Singapore, you (A) represent and warrant that you are either an institutional investor as defined under Section 4A(1) of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”), a relevant person as defined under Section 275(2) of the SFA or persons to whom an offer may be made pursuant to in Section 275(1A) of the SFA, and (B) agree to be bound by the limitations and restrictions described herein. The attached document has been made available to you in electronic form. You are reminded that documents or information transmitted via this medium may be altered or changed during the process of transmission and consequently none of OKH Global Ltd., OKH Capital Pte. Ltd., United Overseas Bank Limited, DBS Bank Ltd. or any person who controls any of them nor any of their respective directors, officers, employees, representatives or affiliates accepts any liability or responsibility whatsoever in respect of any discrepancies between the document distributed to you in electronic format and the hard copy version. Except with respect to eligible investors in jurisdictions where such offer is permitted by law, nothing in this electronic transmission constitutes an offer or an invitation by or on behalf of OKH Global Ltd., OKH Capital Pte. Ltd., United Overseas Bank Limited or DBS Bank Ltd. to subscribe for or purchase any securities, and access has been limited so that it shall not constitute in the United States or elsewhere a general solicitation or general advertising (as those terms are used in Regulation D under the Securities Act) or directed selling efforts (within the meaning of Regulation S under the Securities Act). The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. Neither OKH Global Ltd., OKH Capital Pte. Ltd. United Overseas Bank Limited, DBS Bank Ltd. nor any of its affiliates, advisers or representatives shall have any liability whatsoever for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. This document and the information contained herein is not an offer to sell securities in Singapore. This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole or in part, to any other person. In particular, neither this document nor any copy thereof may be taken or transmitted or distributed, directly or indirectly into Canada, Australia or Japan to any resident thereof or into the United States. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restriction. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By accepting this document you agree to be bound by the foregoing limitations. This document does not constitute or form part of an offer or invitation to sell or the solicitation of an offer or invitation to subscribe for any shares in the Company, neither shall it or any part of it form the basis of or be relied upon in connection with any contract or commitment whatsoever. This document may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of OKH Global Ltd., OKH Capital Pte. Ltd. and/or the Group to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. None of the Group, its respective affiliates, advisors, representatives nor any other person is representing or warranting that the future results, performance or achievements of the Group will be as discussed in such forward-looking statements. OKH Global Ltd., OKH Capital Pte. Ltd. and the Group disclaim any responsibility, and undertake no obligation, to update or revise any forward-looking statements contained herein to reflect any changes in the expectations with respect thereto after the date of this document or to reflect any change in events, conditions or circumstances on which any such statements are based.

A fast-growing niche property developer

with integrated construction capabilities

Contents Page A fast-growing niche property developer


No. Section

1 Corporate Snapshot

2 Business Overview - Property Development - Logistics Properties & Supply Chain Solutions - Integrated Construction Services

3 Competitive Strengths

4 Financial Highlights

5 Business Strategies

6 Investment Merits

3

4

CORPORATE SNAPSHOT



Corporate Snapshot A fast-growing niche property developer


Listed on the Main Board of the Singapore Stock Exchange, OKH Global Ltd. is a fast-growing property developer with integrated design-and-build capabilities. Combining innovative eco-friendly and aesthetic features within its property development projects, the Group has been accorded several business accolades and property awards. To further enhance its business model and diversify its revenue base, the Group has initiated various growth plans that are interlinked with its property development and integrated construction business activities.

109.12

24.48

223.12

243.05

16.11 -1.70

26.00

45.75

-50

0

50

100

150

200

250

300

FY2012 FY2013 FY2014 HY2015

S$ m

illio

n

Financial Year End: 30 June

Revenue

Net Profit

About OKH Global Ltd.

The Group’s financial performance may be significantly different in each financial period under review as it adheres to the accounting requirement known as the completion of contract (“COC”) method used for commercial and industrial properties.

2011 2012

5

Recent Corporate Highlights A fast-growing niche property developer


FY2013 Listed successfully on SGX Mainboard – Placement Price of S$0.24 per share

Successfully bidded for an industrial land site at Loyang Way

Successfully bidded for a commercial site at Kim Yam road

Successfully bidded for an industrial land site at Buroh Crescent

Placement of 60 million new shares at a placement price of S$0.68 per share

Evia Capital Partners Pte Ltd invests S$10m in OKH’s subsidiary REPS

FY2014 Completed distribution in specie of the Group’s IT business to shareholders

Completed Primz BizHub & The Herencia

OKH GLOBAL CONTINUES GROWTH STRATEGY WITH NEW GROWTH CATALYSTS AND STRONGER BALANCE SHEET

HY2015 ZANA Capital invests S$8m in OKH’s subsidiary RCPS

Completed Woodlands Horizon

Completed investment in established supply chain provider Pan Asia Logistics

6

Established JV with Pan Asia Logistics to invest in logistics properties

7

BUSINESS OVERVIEW



Market-Oriented Business Model

Property Development



Logistic Properties & Supply Chain Solutions

Integrated Construction Services

8


Premium Industrial Property

Development Build-for-Sale Projects Build-to-Lease Projects

Investment Holding




Recognising the growing demands of the industrial and manufacturing industries in land-scarce Singapore, the Group is focused on developing premium industrial and commercial developments with aesthetic and eco-friendly features. With its in-house design, engineering and construction team, the Group is able to provide businesses with various design, construction solutions and ownership structures in accordance to their financing requirements and budget.

Property Portfolio A fast-growing niche property developer


Property Development Projects

Location

Status

Acquisition Price (S$ mil)

Gross Floor Area (sq ft)

% Sold

Leasehold Tenure

Seatown Industrial Centre

Tuas District Completed (2010) 5.20 274,352 100 N.M

A’Posh BizHub

Near Yishun MRT Completed (2012) 38.33 381,928 100 N.M

Primz BizHub Near Admiralty MRT

Completed (2014) 84.24 553,388 100 N.M

Woodlands Horizon Near Admiralty MRT

Completed (2014) 71.84 503,714 100 N.M

Ace@Buroh Tuas District Expected TOP in FY2016

39.01 475,780 22.77 30 years from Apr 2013

Loyang Enterprise Changi District Expected TOP in FY2016

61.37 555,000 24.50 30 years from Jun 2013

The intrinsic value of the Group’s development properties are further enhanced as nearby land prices are recently transacted at a premium

10

Investment Properties

Location

Status

Acquisition Price (S$ mil)

Gross Floor Area (sq ft)

% Leased

Leasehold Tenure

The Herencia River Valley District Completed (2013) N.M 220,186 89.3 9 years from Jan 2013

Tai Seng Link Paya Lebar Expected TOP in FY2015

23.30 116,681 For Own Use & Lease (75% to be

leased out)

30 years from Oct 2012

A’Posh BizHub A fast-growing niche property developer


100% SOLD Key Features

Flatted factory development with duplex units comprising a total GFA of 381,928 sq ft

Adjacent to housing estates and many amenities

Strategically located within the Yishun Industrial Area

Full-length glass panels for natural light access and pillar-less interiors for space optimisation

TOP in June 2012 and was awarded - BCA Green Mark Gold Award - Asia Pacific Property Awards 2014 - International Property Awards 2014 - FIABCI Singapore Property Awards 2014

3.5km 9km 1.5km 20km 23km 27km

Yishun MRT

Seletar Expressway

Tampines Expressway

Seletar Aerospace

CBD Area

Changi Airport

1.5km

Northpoint Shopping Centre

15km

Central Expressway

11

PRIMZ BizHub A fast-growing niche property developer



380 factory units with a total GFA of 553,388 sq ft

Distinctive 9-storey business landmark in the North

Well-connected to major expressways and a short drive away from the Woodlands Causeway

Proximity to amenities at Admiralty Place, Causeway Point and Woodlands Civic Centres

TOP in June 2014

2km 2km 5km 8km 4km 800m 3km 17km 22km

Admiralty MRT

Seletar Expressway

Yishun MRT

Bt Timah Expressway

Malaysia

Seletar Aerospace

CBD Area

Changi Airport

Woodlands MRT

12

Woodlands Horizon A fast-growing niche property developer



Ramp-up building with a total GFA of 503,714 sq ft

287 strata-titled units and a wide range of convenient features such as direct vehicular access for up to 14-footer vehicle at every level and direct loading facilities

Well-connected to major expressways and a short drive away from the Woodlands Causeway

Proximity to amenities at Admiralty Place, Causeway Point and Woodlands Civic Centres

TOP in November 2014

2km 2km 5km 8km 4km 800m 3km 17km 22km

Admiralty MRT

Seletar Expressway

Yishun MRT

Bt Timah Expressway

Malaysia

Seletar Aerospace

CBD Area

Changi Airport

Woodlands MRT

13

Ace @ Buroh A fast-growing niche property developer


On-going Project Key Features

Located at Buroh Crescent within the Tuas precinct and well-connected to major expressways with proximity to Tuas Second Link

Permissible gross plot ratio of 2.5 that can be developed into a maximum GFA of 475,780 sq ft

“Business 2 Zoning” development which is suitable for clean and light industries

ACE@Buroh will comprise 100 flatted-factory units and 1 canteen

Expected TOP in FY2016

14

Loyang Enterprise A fast-growing niche property developer


Key Features

First B2 ramp-up strata-titled industrial development in the Loyang area

Unique dual-key concept comprising 102 factory units ranging from 3,000 to 14,680 sq ft each


Direct vehicular access for up to 20-footer vehicle at every level and direct loading facilities


On-going Project

15

The Herencia A fast-growing niche property developer


Key Features

Refurbishment-for-Lease Project

Located at 46 & 58 Kim Yam Road, The Herencia is situated in the vicinity of the popular Mohammad Sultan and Robertson Quay enclave

With an estimated lettable area of 220,186 sq ft, it is tenanted out as office space or commercial school

Completed refurbishment works in November 2013

16

89.3% LEASED

Tai Seng Link A fast-growing niche property developer


Proposed OKH HQ Key Features

Walking distance to Tai Seng MRT Station and located within the Paya Lebar iPark


“Business 2 Zoning” development which is suitable for clean and light industries

To benefit from the Urban Renewal Authority’s plans to develop the area as a vibrant work and play destination with exciting retail concepts


17

Logistics Properties & Supply Chain Solutions A fast-growing niche property developer


18



Joint venture with Pan Asia Logistics (“Pan Asia”) to develop, own and manage logistics properties • OKH Global owns 40% stake in the JV • JV has contributed positively to the earnings of the Group as a result of the recurring

rental income from the logistics properties in Singapore, Malaysia and Korea • Strong and reputable JV partner that has a strong clientele base such as Mercedes-

Benz, Siemens, VARTA, Panasonic, Porsche, BMW, VOLVO, BAYER, BASF, MTU and Continental

• Leverage on the strong presence of Pan Asia in Asia, the JV has the potential to extend its footprint across Asia, particularly in China

• JV will provide the potential for streams of construction contracts for OKH

19



Details of the logistics properties in Singapore, Malaysia and Korea

Country Location

Gross Floor Area

(sq ft)

Valuation (as at 31 Dec 2014)

Leasehold Tenure Anchor Tenants

Foreign Currency SGD

Singapore Tuas Bay Drive 430,553 SGD 76 million 76 million 30 years from Sept 2012

MTU Asia (Main Tenant) Volvo

Malaysia Port of Tanjong Pelepas

424,078 RM 69 million 26.1 million 43 years from March 2012

BMW

South Korea Iljuk 220,635 KRW 39.2 billion 47.1 million Freehold Mercedes-Benz

20



OKH Global ventures into integrated logistics & supply chain business serving European MNCs

• Acquisition of a 15% stake in Pan Asia, an established logistics and supply chain

solutions provider, for approximately S$21.5 million • Pan Asia has a diversified customer base of more than 1,000 customers, with a

primary focus on European MNCs • In FY2013, Pan Asia achieved a net profit of approximately S$27.8 million

21



22

OKH Global Ltd.

Pan Asia Logistics Investments Holdings

Pte. Ltd.

Pan Asia Logistics Holdings Singapore

Pte. Ltd

Malaysia Logistic Property

Korea Logistic Property

Singapore Logistic Property

15%

40% 60%

100%

Shareholding Structure Overview



Building Construction

Alteration and Addition (A&A)

Civil & Structural Engineering

Solutions

LED Signage Solutions

Renewable Energy Solutions

Expanding Range of Integrated Construction Capabilities to Provide New Value-Added Solutions



23

Track Record

Completed More Than 30 Public and Private Sector Projects Across Different Industries



As at 31 December 2014, the Group’s outstanding construction order book stood at approximately S$65.41 million.

24

25

COMPETITIVE STRENGTHS



Competitive Strengths A fast-growing niche property developer


Leveraging on its construction expertise for its own property development projects

1

3 Established business relationships and extensive network

4 Experienced and dedicated management team

Capability in handling a wide spectrum of projects 2

5 Create interlinked business opportunities with its strategic growth initiatives

26

27

FINANCIAL HIGHLIGHTS



Financial Snapshot A fast-growing niche property developer


109.1

24.5

223.1

4.1

243.1

0

50

100

150

200

250

300

FY2012 FY2013 FY2014 HY2014 HY2015

S$ million

29.0

0.1

46.5

2.3

68.5

0

20

40

60

80

FY2012 FY2013 FY2014 HY2014 HY2015

S$ million

REVENUE GROSS PROFIT

16.1

-1.7

26.0

-6.5

45.8

-20

-10

0

10

20

30

40

50

FY2012 FY2013 FY2014 HY2014 HY2015

S$ million

NET PROFIT GROSS & NET MARGINS %

26.5

N.M

20.8

28.2

14.8

11.6

18.8

0

5

10

15

20

25

30

FY2012 FY2013 FY2014 HY2015

Gross Profit MarginNet Profit Margin

28

Balance Sheet Highlights A fast-growing niche property developer


TOTAL ASSETS

207.2 177.5

296.4

183.1

8.4

8.7

27.3

28.1

0

50

100

150

200

250

300

350

FY2012 FY2013 FY2014 HY2015

Secured Unsecured

S$ million

22.5

52.0

84.2

58.4

0.0

20.0

40.0

60.0

80.0

100.0

FY2012 FY2013 FY2014 HY2015

S$ million

324.4

475.8

568.4

483.4

0

100

200

300

400

500

600

FY2012 FY2013 FY2014 HY2015

S$ million

TOTAL BORROWINGS

27.4

40.1

78.7

123.7

0

20

40

60

80

100

120

140

FY2012 FY2013 FY2014 HY2015

TOTAL EQUITY

TOTAL CASH AND CASH EQUIVALENT

S$ million

29

7.9

4.6 4.1

1.9

7.1

3.3 3.0

1.4

0

2

4

6

8

10

FY2012 FY2013 FY2014 HY2015

Total Borrowing/Equity Net Borrowing/Equity

Prudent Capital Management A fast-growing niche property developer


TOTAL BORROWING/EQUITY and NET BORROWING/EQUITY

2.2

11.8

18.4

0

5

10

15

20

FY2012 FY2013 FY2014 HY2014 HY2015

(x)

0.64

0.37

0.52

0.38

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

FY2012 FY2013 FY2014 HY2015

(x)

(x)

EBITDA/INTEREST COVERAGE

38.0

145.1

16.9

11.2

0

20

40

60

80

100

120

140

160

180

< 1 year > 1 year

Secured Unsecured

DEBT MATURITY PROFILE

TOTAL SECURED DEBT/TOTAL ASSET

S$ million

N.A. N.A.

30

31

BUSINESS STRATEGIES



Business Strategies A fast-growing niche property developer


2015 >>

• Acquisition of new development sites for the Group’s land bank

• Expansion through acquisitions, joint ventures and/or strategic alliances

• Sourcing for opportunities to develop, manage and rent commercial and industrial

property developments

• Continue to grow the construction business

• Strengthening of the Group's presence in existing markets coupled with expansion

of the Group's business in Asia.

32

33

INVESTMENT MERITS



Investment Merits

2 Strengthened Balance Sheet and Financial Resources



3 Prime Industrial Property Land Bank

5 Synergistic Business Model with Market-Oriented Business Approach

6 Experienced & Dedicated Management Team

1 Focused Growth Strategy with New Growth Catalysts

4 Growing Construction Order Book

34

__________________________________

Media & IR Contact: Mr. Alex Tan

Mobile Contact: +65 9451 5252

Email: [email protected]

End of Presentation A fast-growing niche property developer


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