SIME DARBY PROPERTY BERHAD CIMB 10th Annual Malaysia ... of Kumpulan Sime Darby Bhd, Kumpulan...

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Transcript of SIME DARBY PROPERTY BERHAD CIMB 10th Annual Malaysia ... of Kumpulan Sime Darby Bhd, Kumpulan...

  • 1

    SIME DARBY PROPERTY BERHADCIMB 10th Annual Malaysia Corporate Day

    4 & 5 January 2018

  • Cautionary Note

    2

    This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company

    referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do

    not intend to register any securities under the US Securities Act of 1933, as amended (the Securities Act), and any securities

    may not be offered or sold in the United States absent registration under the Securities Act or an exemption from registration

    under the Securities Act. By attending the presentation you will be deemed to represent, warrant and agree that to the extent

    that you purchase any securities in any of the companies referred to in the presentation, you either (i) are a "qualified

    institutional buyer" within the meaning of Rule 144A under the Securities Act, or (ii) you will do so in an "offshore transaction"

    within the meaning of Regulation S under the Securities Act.

    This presentation may contain forward-looking statements by Sime Darby Berhad that reflect managements current

    expectations, beliefs, intentions or strategies regarding the future and assumptions in light of currently available information.

    These statements are based on various assumptions and made subject to a number of risks, uncertainties and contingencies.

    Actual results, performance or achievements may differ materially and significantly from those discussed in the forward-

    looking statements. Such statements are not and should not be construed as a representation, warranty or undertaking as to

    the future performance or achievements of Sime Darby Berhad and Sime Darby Berhad assumes no obligation or responsibility

    to update any such statements.

    No representation or warranty (either express or implied) is given by or on behalf of Sime Darby Berhad or its related

    corporations (including without limitation, their respective shareholders, directors, officers, employees, agents, partners,

    associates and advisers) (collectively, the "Parties") as to the quality, accuracy, reliability or completeness of the information

    contained in this presentation (collectively, the "Information"), or that reasonable care has been taken in compiling or

    preparing the Information.

    None of the Parties shall be liable or responsible for any budget, forecast or forward-looking statements or other projections of

    any nature or any opinion which may have been expressed or otherwise contained or referred to in the Information.

    The Information is and shall remain the exclusive property of Sime Darby Berhad and nothing herein shall give, or shall be

    construed as giving, to any recipient(s) or party any right, title, ownership, interest, license or any other right whatsoever in

    or to the Information herein. The recipient(s) acknowledges and agrees that this presentation and the Information are

    confidential and shall be held in complete confidence by the recipient(s).

    This presentation is for the purposes of information only and no part of this presentation is intended to be or shall be

    construed as an offer, recommendation or invitation to subscribe for or purchase, or otherwise making available, any securities

    in Sime Darby Berhad.

  • Presentation Outline

    1. Overview

    2. Strategies

    3. Transformation Focus

    4. Financial Performance

    5. Appendices

    3

  • 4

    1. Overview

    2. Strategies

    3. Transformation Focus

    4. Financial Performance

    5. Appendices

  • Our History Who We Are

    5

    30 Nov 2017

    Sime Darby

    Property Berhad, an independent listed entity

    on Bursa Malaysia

    Negara Properties, the subsidiary of Golden Hope Plantations launched its first township Taman Melawati(880 acres)

    1972

    1984

    Sime UEP was established through the acquisition of a large stake in United Estates Projects Bhd, the developer of SubangJaya township (2,241 acres)

    Guthrie Property Development Holding Bhd, a subsidiary of Kumpulan Guthrie Berhad launched its first township Bukit Jelutong(2,205 acres)

    1995

    2005

    Completion of the Guthrie Corridor Expressway (25 km) which connect Shah Alam to Rawang

    Sime Darby Property Division was established following the historical merger of Kumpulan Sime Darby Bhd, Kumpulan Guthrie Bhd and Golden Hope Plantations Bhd

    2007

    2012

    Sime Darby Property, SP Setiaand EPF acquired the iconic Battersea Power Station for GBP400mn (42 acres)

    Concession agreements with the government of Malaysia and four higher learning institutions were signed to develop Pagoh Education Hub

    City of Elmina was launched (5,000 acres)

    2013

  • Our Footprint

    20,763 acres of the remaining developable land bank which includes:

    12,026 acres of the remaining developable land bank located

    within our existing 23 active townships, integrated and niche developments

    3,196 acres of land located within the Malaysia Vision Valley (MVV) region

    Total estimated GDV of

    RM100.4 bn for the remaining developable land bank

    Additional 20,599 acres of land via MVV and Land Options Agreements (5+3 years)

    1,599 employees

    6

    Lagong Kota Elmina

    Pulau Tikus

    Georgetown

    Melaka

    Johor Bahru

    Kuala Lumpur

    NegeriSembilan

    MALAYSIA

    SINGAPORE

    Hamilton Labuan Bileh

    Ara Damansara SJCC SJ7

    Serenia City

    ALYA Taman Melawati KL East

    Nilai Impian 1 & 2 Bandar Ainsdale Nilai Utama

    Bandar Universiti Pagoh

    TownshipsIntegrated development

    Landbank HSR Hubs

    Saujana Impian

    City of Elmina Denai Alam Bukit Jelutong

    Putra Heights

    Bandar Bukit Raja 1, 2 & 3

    Planters Haven

  • 106%114% 113%

    -1%

    4%

    -9%

    -5%

    -18% -4%

    FY2015 FY2016 FY2017

    An Integrated Property Developer

    7

    What We Do Property Development

    Property Investment

    Hospitality & Leisure

    92%90%

    93%

    3%4%

    2%

    5% 6% 5%

    FY2015 FY2016 FY2017

    Domestic: Klang Valley, Negeri Sembilan and Johor

    International: London, United Kingdom, development of Battersea Power Station

    Manages ~2mn sq. ft. of net commercial space in Malaysia, Spore and United Kingdom

    Retail Mall: Melawati Mall

    Domestic: Sime Darby Convention Centre, TPC KL, Impian Golf & Country Club

    International: Darby Park Executive Suites, Spore & Darby Park Serviced Residences, Vietnam

    Breakdown of Revenue Breakdown of Operating Profit

    RM3.25bn RM2.60bn RM2.56bn RM642mn RM455mn RM353mn

  • Shareholding Structure

    8Source: Tricor

    RM1.52 Share Price as at 3 Jan18

    RM10.3bnMarket Capitalisationas at 3 Jan18

    53.8%

    10.4%

    4.9%

    15.9%

    ForeignShareholdings

    Domestic Shareholdings

    15.0%

    6,800,839Number of Ordinary Shares (000)

    As at 3 Jan181.20

    1.11

    1.28

    1.45

    1.78

    1.52

    11/30/17 12/5/17 12/8/17 12/12/1712/29/17 1/3/18

    Share Price Movement (RM)

    and the public

  • Strong and Dynamic Board of Directors

    Tan Sri Abdul Wahid Omar

    Non-Independent Non-Executive Chairman

    Dato' Sri Amrin Awaluddin

    Managing Director

    Dato' Rohana Tan Sri Mahmood

    Senior Independent Non-Executive Director

    Datuk Tong Poh Keow

    Executive Director

    Dato' Johan Ariffin

    Independent Non-Executive Director

    Tengku Datuk Seri Ahmad Shah Alhaj ibni AlmarhumSultan Salahuddin Abdul

    Azjz Shah Alhaj

    Independent Non-Executive Director

    Dato' Jaganath Derek Steven Sabapathy

    Independent Non-Executive Director

    Dato' Seri Ahmad Johan Mohammad

    Raslan

    Independent Non-Executive Director

    Datuk Dr Mohd Daud Bakar

    Non-Independent Non-Executive Director

    Datin Norazah Mohamed Razali

    Independent Non-Executive Director

    Board members have held prominent positions and directorships in public listed companies involving the property sector as well as the banking and finance sectors and

    in governmental, regulatory and professional bodies

    9

  • Qualified and Experienced Management Team

    Dato' Sri Amrin Awaluddin

    Managing Director

    Datuk Tong Poh Keow

    Group Chief Financial Officer

    Strong management team with relevant experience and a proven track record in the real estate industry

    10

    Fairuz Radi

    Chief Transformation Officer & Head,

    Managing Directors Office

    Dato Wan Hashimi Albakri

    Chief Operating Officer Township

    Development

    TBA

    Chief Operating Officer

    Integrated

    (w.e.f. 16 Jan18)

    Choo Suit Mae

    Group General Counsel

    TBA

    Chief Human Resources Officer

    TBA

    Chief Marketing & Sales Officer

    (w.e.f. 1 Mar18)

    Tang Ai Leen

    Chief Risk and Compliance

    Officer

    TBA

    Chief Group Corporate

    Assurance Officer

    (w.e.f. 1 Mar18)

  • Financial Highlights as at 30 June 2017

    11

    RM2.6bnRevenue

    RM608mnPATAMI

    RM818mnPBIT

    32%PBIT Margin

    7%ROIC

    RM11bnInvested Cap

    Pro forma shareholders fund post-listing: RM9.6bn

    RM1.77bnUnbilled Sales

    RM6.3bnShareholders Fund

    RM1.92bnGross Sales Value

    RM14.6bnTotal Assets

    55%Avg. Take Up Rate

    18%Gross Debt/Equity Ratio