CREATING

PRODUCTIVE
ENVIRONMENTS,
GENERATING VALUE

With a history dating back to 1991, we are a real estate management services
group with the ability to generate value for our suppliers and tenants through our
expertise in space optimisation. We also provide facilities management services
and logistics services, which serve to complement our space optimisation business.
THREE BUSINESS SEGMENTS
Space Optimisation Business

Secure master leases

for unused, old and
underutilised commercial,
industrial and residential
properties

Facilities Management Business

Transform them to
increase net lettable area
and potential rental yields
by applying our space
optimisation expertise

Lease the optimised space

to our tenants, who are
willing to pay more for
thoughtfully designed and
highly usable space

As at 9 March 2015, we manage over 4.0 million square feet of net lettable area
(NLA) across 36 commercial, industrial and residential properties in Singapore,
and one (1) commercial property in Indonesia and one (1) residential property in
Myanmar.
Our Group has a historical average tenancy renewal rate of approximately 72.0%.
2012: Launched GreenHub brand of suited offices in Singapore as an extension of
our Space Optimisation Business.
2013: Opened GreenHub in Jakarta as part of our strategic plan to expand our
business in Southeast Asia, and incorporated GreenHub in Yangon with the
strategic intent to expand such services into Myanmar.

A strategic key in LHN Groups plan to

expand into Southeast Asia

406 workstations over 24,700 sq ft across three

locations in Singapore; 246 workstations over
18,500 sq ft in Jakarta
Convenient locations, reasonable rates
Conducive for business
Offer a complete suite of business solutions
Ready-to-work environment

COMPETITIVE STRENGTHS

Established track record and reputation for offering quality properties for
rent in accessible locations, at competitive rates.
Committed, qualified and experienced management team and staff will
continue to drive expansion of the business.
Diversified portfolio of properties in strategic locations and a diverse mix
of over 600 local and international tenants; able to address business needs
of local companies with cross-border business activities in Indonesia via
GreenHub in Jakarta.
Ability to provide value-added integrated solutions; full-fledged realestate management services company offering an efficient one-stop
solution for our customers space and space management needs.
Close working relationships with our tenants.

We provide facilities management services, including security services,

car park management services and property maintenance services such
as cleaning, landscaping, pest control, repair and general maintenance
to the properties which we lease and manage, and to external parties.

Current portfolio: Services properties within the Groups portfolio

and over 4,900 equivalent parking lots.

Logistics Services Business

TRANSPORTATION SERVICES
As at 9 March 2015, we have a fleet of over 35 prime movers, over
10 road tankers and over 110 trailers to transport mainly ISO tanks,
containers, base oil and bitumen.

Clients include oil majors such as Singapore Petroleum

Company, Total Oil Asia-Pacific Pte Ltd and Idemitsu Lube
(Singapore) Pte. Ltd.

CONTAINER DEPOT MANAGEMENT SERVICES

We provide container surveying, storage, repair and maintenance
services at our container depot at 27 Benoi Sector.

We have the ability to maximise storage space and volume at our

container depot by applying our space optimisation expertise.

BUSINESS STRATEGIES AND FUTURE PLANS

We intend to:

Grow our property portfolio in Singapore and Southeast Asia by leasing
on a long term basis and acquiring our own properties and to valueadd these properties through space optimisation, and then offer them at
competitive rental rates to tenants.

Expand our Logistics Services Business and Facilities Management
Business in tandem by acquiring transport storage facility, further
expanding prime movers fleet and acquiring car park equipment and
related consumables.

Expand core operations in existing markets and new markets in Southeast
Asia through setting up of new subsidiaries, acquisitions, joint ventures
and/or strategic alliances.

Develop technological capability to leverage on our wide customer base
and facilitate information sharing and knowledge flow, which will enhance
our sales and marketing efforts to enable sustainable growth for our Group.

LHN LIMITED 10 Raeburn Park #02-18 Singapore 088702 Tel: (65) 6368 8328 Email: space.enquiry@lhngroup.com.sg

lhngroup.com

PROSPECTS AND INDUSTRY TRENDS

FINANCIAL HIGHLIGHTS

SINGAPORE
OFFICE AND BUSINESS SPACE MARKET

Limited availability of new prime office space has led to low vacancy levels and
increased rental rates.

Demand for office space in the outskirts is expected to accelerate due to
reasonable rental rates, push for decentralisation, and better transport
connectivity.
INDUSTRIAL SPACE MARKET

The growth of companies in industries such as clean technology, oil and gas
and info-communications and improvement in business sentiments among
manufacturers will lead to an increase in demand for leasing of industrial space
for storage and warehousing purposes.
FACILITIES MANAGEMENT MARKET

Demand for our Facilities Management Business expected to remain high in line
with the positive outlook of Singapores office, business and industrial space market.
LOGISTICS SERVICES MARKET

Singapore possesses a well-established marine and off-shore ecosystem with
the presence of various major oil and gas companies.

As global energy demand continues to escalate, it is anticipated that Singapore
will increase its refining capacity to meet such demand.

Able to secure more contracts for the provision of such specialised logistics
services to oil refineries and tank operators.
SOUTHEAST ASIA

Indonesia Long term prospects and positive demand for industrial and
commercial properties in tandem with economic growth and urbanisation.

Thailand Increase in import and export activities expected to generate demand
for container depot management services.

Myanmar Increased foreign investments in Myanmar expected to fuel demand
for office space in the capital city of Yangon with accelerating growth of rental
rates for prime office space.

REVENUE (S$M)

75.1

FY2012

83.7

FY2013

CAGR

9.9%

90.7

FY2014

PROFIT AFTER TAX (S$M)

7.0

FY2012

CAGR

8.1

FY2013

34.7%

12.7

FY2014

REVENUE GROWTH BY SEGMENTS (S$M)

64.1

66.7

70.6

FY2012
FY2013
FY2014

Source: The report titled The Property Management Industry in Singapore,

with a focus on Space Optimisation dated 2 February 2015 prepared by Converging Knowledge Private Limited

Dividend Policy
We currently do not have a fixed dividend policy, but we intend to recommend and
distribute dividends of not less than 20.0% of our net profit after tax attributable to
our shareholders for the financial years ending 30 September 2015 (FY2015) and
30 September 2016 (FY2016).
The statement in relation to the proposed dividends is merely a statement of our present intention and shall not
constitute legally binding obligations. The distribution of future dividends may be subject to modifications, including the
reduction or non-payment thereof, at the sole and absolute discretion of our Directors.

2.4
Space Optimisation

6.1

8.4

Facilities Management

11.7
8.6 10.9

Logistics Services

(Financial year ended 30 September)

PROJECT SHOWCASE

10 RAEBURN PARK

2 SOON WING ROAD

(before and after renovation)

(before and after renovation)

AFTER

AFTER

BEFORE

Net Lettable Area: 115,000

BEFORE

Net Lettable Area: 130,000

sq ft

Usage:
School

sq ft

Usage:
Office/ancillary caf/commercial school
office cum club house

43 KEPPEL ROAD

Net Lettable Area: 76,000

Usage:
B1 zone light industrial space

sq ft

Usage:
Clean industry, light industry,
warehouse (1st storey only) and ancillary office

10-40 TUAS SOUTH STREET 1

(before and after renovation)

(before and after renovation)

AFTER

AFTER

BEFORE

Net Lettable Area: 75,000

Net Lettable Area: 85,000

sq ft

sq ft

Usage:
Cold Room Storage Facility

BEFORE

Net Lettable Area: 111,000

sq ft

Usage:
B1 zone warehouse/showroom

Net Lettable Area: 850,000

sq ft

Usage:
B2 zone industrial space

LHN LIMITED 10 Raeburn Park #02-18 Singapore 088702 Tel: (65) 6368 8328 Email: space.enquiry@lhngroup.com.sg

Net Lettable Area: 896,000

sq ft

Usage:
General warehouse and/or such other uses which
shall not contravene the URAs usage B2 zone for
the premises or any other authorities regulations

lhngroup.com

DISCLAIMER
IMPORTANT NOTICE
Capitalised terms used herein, shall, unless otherwise defined, bear the same meanings assigned to them in the Offer Document.
This document is for informational purposes only and does not constitute, or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or
subscribe for, any securities of LHN Limited (Securities) nor shall it or any part of it form the basis of, or be relied on in connection with, any contract, commitment or any
investment decision whatsoever. The summary information herein does not purport to be complete and should be read in conjunction with, and is qualified in its entirety by
the detailed information in the preliminary offer document of LHN Limited (Company) dated 17 March 2015 (Offer Document). Information contained in this document
does not constitute part of the Offer Document.
This document contains statements that constitute forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the
intent, belief or current expectations of the Company or its officers with respect to the results of business operations and financial condition, industry, environment and
future events and plans of the Company. Such forward-looking statements are not guarantees of future events, actual results, performance or achievements of the Company
may differ from those expressed in the forward-looking statements as a result of various factors, such as known and unknown risks and uncertainties, and assumptions. By
their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future.
In light of these risks and uncertainties, actual events, results and developments could differ materially from those expressed or implied by the forward- looking statements.
This document was prepared exclusively for the parties presently being invited for the purposes of discussion. Neither this document nor any of its content may be used
without the prior written consent of the Company.
While the Company and PrimePartners Corporate Finance Pte. Ltd. have undertaken reasonable actions to ensure that the data attributable to Converging Knowledge Private
Limited is reproduced in the proper form and context, and that information is extracted accurately and fairly from the report titled The Property Management Industry in
Singapore, with a focus on Space Optimisation dated 2 February 2015, none of the Company and PrimePartners Corporate Finance Pte. Ltd. have conducted an independent
review of the information extracted from third party sources or verified the accuracy and completeness of such data.
None of the Company, PrimePartners Corporate Finance Pte. Ltd. or any of their respective 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 document or its contents or otherwise arising in connection with this
document, to the extent permitted by law.
A final Offer Document that has been registered with the Singapore Exchange Securities Trading Limited, acting as agent on behalf of the Monetary Authority of Singapore,
to be issued by the Company for the offer will be made available when the offer is made. Anyone wishing to acquire the Securities will need to make an application in the
manner set out in the final Offer Document, if and when it is made available. Any decision to subscribe for or purchase any Securities should be made solely on the basis of
information contained in the final Offer Document after seeking appropriate professional advice, and you should not rely on any information other than that contained in the
final Offer Document.
Copies of the final Offer Document, if and when it is made available, may be obtained on request, subject to availability, during office hours, from PrimePartners Corporate
Finance Pte. Ltd., 16 Collyer Quay, #10-00 Income At Raffles, Singapore 049318. An electronic copy of the final Offer Document will also be available on the SGX-ST website at
http://www.sgx.com.

LHN LIMITED 10 Raeburn Park #02-18 Singapore 088702 Tel: (65) 6368 8328 Email: space.enquiry@lhngroup.com.sg

lhngroup.com