THE WORLD, Expansion and Modernization of Road Infrastructure II

8/11/2019 THE WORLD, Expansion and Modernization of Road Infrastructure II

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THE WORLD, Expansion and Modernization of

Road Infrastructure II

by

PLUS EXPRESSWAYS BERHAD

13 September 2011


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MAJOR PROGRAM/

PROJECT IN THE COUNTRY

COUNTRY OVERVIEW

COMPANY OVERVIEW

INDUSTRY CHALLENGES

2

PLUS North-South Expressway, Kuala Lumpur bound


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Land area: 329,847 square kilometres (127,350 sq mi) separated by the South China Sea into two

regions, Peninsular Malaysia and Malaysian Borneo (slightly smaller than the size of Germany and

slightly bigger than Italy).

Land borders: Thailand, Indonesia, and Brunei

Population 2010: 27,565,821 (Department of Statistics Malaysia)

GDP (PPP) : USD442.01 billion - 2010 est (Source: IMF)

GDP per capita : USD8,620 - 2010 est (Source: IMF)

GDP Growth 2010: 7.2%

Country Overview

3


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10.212.7

13.2

10.5

15.7

16.417.4

20.9

22.0

23.6

24.6

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Million343

396435

406488

552

491 487

548

503

523

0

100

200

300

400

500

600

ThousandVehicles

Country Overview

8.3%

0.4%

4.2%5.2%

7.1%5.3%

5.9%

6.3%

4.6%

-1.7%

7.2%

5.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

GDPGrowth

10.311.7

13.215.0

17.219.6

22.3 25.0

27.1 27.6

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Million

MALAYSIA GDP GROWTH 2000-2011 (est)

NEW VEHICLES REGISTERED IN MALAYSIA NUMBER OF TOURIST ARRIVALS IN MALAYSIA

POPULATION IN MALAYSIA


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MAJOR PROGRAM/


COUNTRY OVERVIEW

COMPANY OVERVIEW

INDUSTRY CHALLENGES

5

Persada PLUS, Corporate Office


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PT Lintas MargaSedaya (Indonesia)

Cikampek-Palimanan

Expressway, Indonesia

116.0 km

Jetpur Somnath

Tollways Limited (India)

Jetpur-Somnath Highway,

India

127.6 km

100%

15.5%

100%

94%^

38.5%

# Khazanah Nasional Berhad is the investment holding arm of the Government of Malaysia, with investments in over 50 major companies in Malaysia and abroad.

26%

100%100%

International

Domestic

100%

55%

Projek LebuhrayaUtara-Selatan Berhad

(PLUS)

North-South Expressway

846 km

ExpresswayLingkaran Tengah Sdn

Bhd (ELITE)

North-South Expressway

Central Link

63 km

Konsortium LebuhrayaButterworth-Kulim

(KLBK) Sdn Bhd

Butterworth-Kulim

Expressway

17 km

PLUS BKSP Toll

Limited (India)

Bhiwandi-Kalyan-Shil

Phata Highway, India

21.6 km

#As at 12 May 2011

Primary toll road operator in Malaysia

^ PLUS Expressways holds 94.12% direct and indirect interest in PLUS BKSP via PLUS Kalyan (Mauritius) Private Limited.

PLUS HelicopterServices Sdn

Bhd

Linkedua

(Malaysia) Berhad

Malaysia-Singapore

Second Crossing

47 km

100%

Touch n Go

Sdn Bhd

49%

Indu NavayugaInfrastructure Project

Pte Ltd (India)

20%

Padalur-Trichy Highway,

India

38.6 km

r UEM Group Berhad is Malaysiasleading diversified infrastructure conglomerate with core business in expressways, engineering & construction, township/property development,

and asset & facilities management .

Teras Teknologi

Sdn Bhd

100%

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Largest expressway operator in Malaysia & Asia with more than 20 yearsof experience

PLUS started operation in 1988

Listed on Bursa Malaysia (Malaysian Stock Exchange) in

2002

Backbone of Malaysian road transport system:

Connects major industrial, commercial &

transportation centres

Links major seaports and airports

States serviced by the NSE make up 81% of population

and 89% of GDP in Peninsular MalaysiaPLUS

Northern region

Central region

KLInternational

Airport

Southern region

ELITE

BKE

LINKEDUA

Length

DOMESTIC

PLUS North-South Expressway 846 km

ELITE NSE Central Link 63 km

LINKEDUA Malaysia-Singapore Second Crossing 47 km

BKE Butterworth-Kulim Expresssway 17 km

973 km

INTERNATIONAL

BKSP Bhiwandi-Kalyan-Shil Phata Highway 22 km

INIPPL Padalur-Trichy Highway 39 km

JSTL Jetpur-Somnath Highway (In progress) 127 km

LMS Cikampek-Palimanan Expressway (In progress) 116 kmTOTAL 1,277 km

Open Toll System: Generic to city highwaysClose Toll System: Generic to interurban highways


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Ranks 6th among global toll road operators and controls 60% of theMalaysian toll roads market

PLUS

52%

4%

3%

1%

Others40%

BKE

Linkedua

Elite

Owns 60% of Malaysian toll roads

in operation (by length - km)

Jasa Marga, Indonesia

Zhejiang E., China

Ranks no. 6 globally (largest in Asia)

(by market capitalisation)

Source : Bloomberg as at 16/08/2011

ARR, France

CCR, Brazil

PLUS

0 2 4 6 8 10 12 14

Abertis, Spain

Atlantia Spa, Italy

USD7.3 bn

USDbn

1

2

3

4

5

6

7

9

10

8

Jiangsu E., China

Transurban, Australia

Shandong E, China

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9

Business Results

PLUS TRAFFIC VOLUME GROWTH

12.8%

6.0%

2.3%

4.9% 3.9%

0.8% 1.6%

7.7%5.2%

7.1% 7.7%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Traffic Growth % GDP Growth %

4.7%CAGR

REVENUE

1,153

1,220

1,6631,581

1,6501,671

2,091

2,282

2,968

3,1793,351

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

CAGR PLUS (2000-2010): 9.7%

11.3%CAGR

20%22%

20% 21%23%

25% 24% 23%21% 20% 21%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

DIRECT OPERATING COST

MYR mn

S i E i C ib i GDP G h D l f T i


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Socio Economic Contribution to GDP Growth, Development of Tourism,New Township and Industry

Kedah

Perak

Selangor

Negeri Sembilan

Melaka

Johor

Before

4.8%

3.9%

5.6%

4.5%

3.9%

5.2%

After

7.5%

7.3%

7.7%

7.1%

7.3%

7.7%

Penang 5.4% 7.5%

Source: Department Of Statistics Malaysia

Pulau Pinang

Bukit Merah Lake TownLumut

Black Forest Golf & Country Club

Lost World of Tambun

Banjaran Hot Spring

Cameron Highland

Sungkai Hot Spring

Port Dickson

A Famosa

Tangkak

Ayer Hitam

Danga Bay

Bandar Darul Aman

Laguna Merbuk

Rawang Country Homes

Bukit BeruntungLembah Beringin

CyberjayaPutra Mahkota

Seremban 2

Bandar Baru Uda

Perling

Senai

Gurun Modenas

Kulim Hi Tech

Kamunting

Perak Hi Tech

Proton City

RawangShah Alam

Nilai

Auto City

Pasir Gudang

Juru Industrial Area

Tg. Pelepas

TOURISM

NEW TOWNSHIP

INDUSTRY

Malaysia

GDP Growth

10Nusajaya

States

4.7%


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COMPANY EMPLOYEES

STALL OPERATORS

MAINTENANCE CONTRACTORS

97572

9254,483

15350

Continuous

Training &Development

Opportunities

> 5,500 Jobs

Created

>1,000 JobOpportunities

Socio Economic Contribution to Employment Opportunities


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Evolution of Electronic Toll Collection (ETC) for operational efficiency

Toll started at

North-South

Expresswayallcash payment

Introduction of electronic

toll collection system

PLUS Tag

Implementation of

Touch n Go as the

onlyelectronic toll

collection system in

Malaysia

Implementation of

Smart Card system

(Vehicle RegistrationNumber)

Proposed implementation

of Multi Lane Free Flow

(MLFF)

Introduction of smartcard electronic toll

collection system

Smart Tag

1988

1994

19992003

2012

2015 &Beyond

Trial Smart Card

system (Vehicle

Registration

Number)

2009

Introduction of

smart card

electronic toll

collection system

Touch n Go

1998

ETC penetration increased from 15% in 1999 to 60% in 2010 12


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Issues in Implementing the Multi Lane Free Flow (MLFF)

Inherent risks of leakage

Enforcement issues

Multiple agreements involving various stakeholders

LEGAL & ENFORCEMENT

Smart Tag system not MLFF ready

Improvement of back end system

TECHNOLOGY & OPERATION

Funding of new system

BUSINESS MODEL

Migration from cash payment

CUSTOMER ACCEPTANCE

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Evolution of Road Safety Measures

Normal Containment

Bridge Railing

4m spacing guardrail

Median concrete NJB

2015 &

beyond

Flexible post

Flashing Road Stud

1990 1997

20012005

2007

Escape Ramp

2m spacing

guardrail

2008

High Containment

(TL 5) Bridge Railing

Wire Rope Barrier

Crash Cushion

2009

High Skid Resistance

Rumble Strip

2010

Rolling

Barrier 2011

LED signs

Innovative road

safety measures

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Results and Investments on Road Safety

70

63 63 6359

55 5553

51

47 46

30

40

50

60

70

80

90

ACCIDENT RATE

15

-

10

20

30

40

50

60

70

MYR mn

INVESTMENTS MADE FOR SAFETY FEATURES

Per 100 Million Vehicle Km Travelled

Various measures and investments on road safety have reduced the accident rate over the years


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MAJOR PROGRAM/


COUNTRY OVERVIEW

COMPANY OVERVIEW

INDUSTRY CHALLENGES

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Traffic Monitoring Centre at Corporate Office


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In one of the main

thrust of the 10thMalaysian Economic

Plan (2011-2015),

the Government of

Malaysia has

recognized the

formation of smart

and effective

partnerships

between the public

and private sectors

(PPP) as a mean to

facilitate the new

economic

transformation

agenda.

The Malaysian Economic Plan

Current Under Construction Under Planning

Road Network 135,569km 51 projects

12 projects

Highway Network 1,722km 248km (6 projects)

52 high-impact projects worth MYR63 billion have beenidentified for implementation in the 10thMalaysian Plan

Several highway projects in the pipeline at an estimated

cost of MYR19 billion (USD6.4 billion)

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MAJOR PROGRAM/


COUNTRY OVERVIEW

COMPANY OVERVIEW

INDUSTRY CHALLENGES

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Overhead Bridge Restaurant, Sungai Buloh


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Industry Challenges

Public expectations on quality of highway services vs. willingness to pay

Stringent maintenance and safety requirements by authorities

Negative perception of toll increases amongst the public

Nationalization of expressways

Public / users attitude towards road safety

Competitive public tenders of toll roadscontractors aggressive bids(especially in India)

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THE WORLD, Expansion and Modernization of Road Infrastructure II

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