TAMBUN INDAH LAND BERHAD
Strictly Private & Confidential
4Q19 CORPORATE UPDATE
February 2020
2
CONTENTS
Operations Review
Financial Highlights
Growth Roadmap
Investment Case
Appendix
3
OPERATIONS REVIEW
4
4Q19 OPERATIONS REVIEW
Achieved take-
RM331.8 mil
(RM521.9 mil @ 31-Dec 18)
31.1%
(69.5% @ 31-Dec 18)
RM185.0 mil
(RM133.8 mil for FY 31-Dec 18)
RM58.8 mil
(RM23.4 mil @ 31-Dec 18)
Ongoing Gross Development Value (GDV)@ 31-Dec 19
12M19 New Sales@ 31-Dec 19
Average Take-up Rate@ 31-Dec 19
Unbilled Sales@ 31-Dec 19
5
ONGOING PROJECTS (@ 31-DEC 2019)
Pearl Saujana Permai
6
FINANCIAL HIGHLIGHTS
135.7148.8
107.2
78.1
60.2
FY15 FY16 FY17 FY18 FY19
101.1112.2
81.5
55.4
48.6
FY15 FY16 FY17 FY18 FY19
Group Revenue ( ) Group Gross Profit Margin (%)
7
367.7 360.8
277.2
179.3148.6
FY15 FY16 FY17 FY18 FY19
Group PBT ( ) Group PATMI ( )
REVENUE AND PROFIT TRENDS
41.7%45.4% 45.7%
53.1% 50.2%
FY15 FY16 FY17 FY18 FY19
Note 1: PBT: Profit Before Tax; PATMI: Profit After Tax and Minority InterestsNote 2: 1st January 2018, the above information for FY2017 onwards have been prepared in accordance with MFRS, whereas information for FY 2015 to FY 2016 have been prepared in accordance
FRS FRS MFRS MFRS MFRS FRS FRS MFRS MFRS MFRS
FRS FRS MFRS MFRS MFRS FRS FRS MFRS MFRS MFRS
8
BALANCE SHEET
Balance Sheet (Snapshot)
460
536 5
81 608 6
40
188
138
106
96
16018
4
121
105
175
158
FY15 FY16 FY17 FY18 FY19
Shareholders Equity Gross Borrowings Cash & Bank Balances
Net Gearing
0.01x
Net Gearing
0.03x
Net Gearing
0.00x
Net Cash
Net Gearing
0.00x
Note: 1st January 2018, the above information for FY2017 onwards have been prepared in accordance with MFRS, whereas information for FY 2015 to FY 2016 have been prepared in accordance
FRS FRS MFRS MFRS MFRS
9.79.0
10.0
7.7
4.9
1.0#
FY14 FY15 FY16 FY17 FY18 FY19
Dividend Payout ( ) Dividend Per Share (sen)
9
DIVIDEND HISTORY
sen/share in respect of FY19 paid in February 2020, final dividend to be announced post-audited results.
Dividend Policy: 40% to 60% of net profit excluding any valuation gain or loss on investment properties for the financial year# First interim dividend of 1 sen/share (paid on 18 February 2020)
41.0 38.342.7
33.4
21.2
4.3
40.1% 40.6% 40.7% 40.1% 40.1%
FY14 FY15 FY16 FY17 FY18 FY19
Dividend Paid To be paid Payout Ratio
10
GROWTH ROADMAP
11
PROJECT PROFILE BY LOCATION
ProjectsTimeline to completion
Land size
(acres)
Est. GDV
Ongoing(launched)
Current to 2022 25.8 331.8
Future Projects
2020-2032 572.6# 3,584.5 #
Investment purposes
2015-2023 63.4* -
TOTAL 661.8 3,916.3
Seberang Perai Selatan
Raintree Park 1 & 2Avenue GardenPearl TropikaPearl EvergreenPearl Saujana Permai
* Includes the land area of Pearl City Mall-Phase 1 (completed in 2016), GEMSInternational School-Phase 1 (completed in 2015) and Jesselball Sports Centre(completed in 2020)
# includes 209.54 acres with an estimated GDV of RM1 billion held by a 70%owned subsidiary
Seberang Perai SelatanMutiara IndahPalm GardenBegonia Villa
Seberang Perai TengahPalma ResidensiPermai Residensi
12
GROWTH STRATEGIES
landbanking
To establish recurring income stream through investment properties
Recurring income stream from investment properties such as GEMS International School, Pearl City Mall, Straits Garden Commercial Lots and Jesselball Sports CentreTo further develop and promote Pearl City Business Park to enhance recurring income stream
To identify and expand strategic landbank in and outside Penang to sustain growth
To leverage on township development experience and duplicate success in potential landbanks
To launch new project in 2020
Planned project launches in 2020 with RM116.8 million GDVAmbay Park a landed residential development comprising 254 units of double storey terraces in Pearl City
13
UPCOMING PROJECTS
Ambay Park@ Pearl City
Double storey landed terrace homes in Simpang Ampat.
Total number of units : 254 units Estimated GDV : RM116.8 million
Projects TypeExpected
commencementEst. GDV
Ambay Park@ Pearl City
Residential units 1H-2020 116.8
Aster Villa@ Pearl City Residential units 1H-2021 152.0
Ambay Garden@ Pearl City
Residential units 2H-2021 87.5
Kota Permai Other Phases Residential units 2022 - 2024 150.0
Pearl City Other Phases Residential units 2022 - 2032 3,078.2
TOTAL 3,584.5
14
PIPELINE PROJECTS
Pipeline projects of RM3.6 billion GDV
Note :The table above includes 209.5 acres with an estimated Gross Development Value of RM 1 billion held by a 70% owned subsidiary.
15
INVESTMENT CASE
16
VALUATION
17
INVESTMENT MERITS
Attractive proxy to the fast-growing Mainland Penang property market...
18
THANK YOU
19
APPENDIX
20
89.3
104.
3
85.4
81.8
79.5
69.5
67.
9
60.3
40.1
48.1
48.2
42.9
35.3
40.1
33.
1
40.0
FY2016
23.6 2
8.6
25.2
34.8
23.3
19.7
21.9
16.6
11.4 15
.0
16.1
12.9
10.1
11.6
10.
9 16.0
FY2016
Quarterly Group Revenue Quarterly Group Net Profit
INCOME STATEMENT
Note : 1st January 2018, the above information for FY2017 onwards have been prepared in accordance with MFRS, whereas information for FY 2016 has been prepared in accordance with Financi
21
2H19 SALES OVERVIEW
Ongoing projects driving sales
22
REVENUE ANALYSIS BY PROJECT
shoplots) contributing positively
Note : 1st January 2018, the above information have been prepared in accordance with MFRS
23
CORPORATE PROFILE
24
Founded in 1994, Tambun Indah is reputable in Mainland Penang for high-quality, modern design projects at relatively affordable prices
Many of our developments are enjoying full take-up rates & stable in secondary home market
-ever gated & guarded landed community Taman Tambun Indah (launched in 1994)Also unveiled Seberang first strata-landed gated community, Palm Villas (launched in 2007)
Has launched more than 9,000 units with total GDV of approximately RM3.6 billion since inception
Now developing the first integrated township in Mainland Penang at Simpang Ampat, Pearl City
Iconic flagship with an estimated GDV of RM5.6 billion
Tambun Indah was included in for 2013, 2014 and 2015
Tambun Indah was awarded RHB Top Malaysia Small Cap Companies in year 2013, 2014 and 2016
Tambun Indah was awarded TheEdge Top 30 Property
CORPORATE OVERVIEW
An established reputation for developing modern, relatively affordable projects... pioneering many firsts in Mainland Penang
25
PENANG GROWTH CATALYSTS
Combined approved manufacturing investments of more than RM70 billion since 2010 [Source: MIDA]Significant domestic and foreign direct investments (DDI and FDI) include:
AviatronBoon Siew HondaBoston Scientific Medical DeviceBroadcomFlexHaemonetics CorporationHewlett-PackardHotayi ElectronicInari TechnologyJabil Malaysian Automotive LightingMicron UWC VATVITROX CorporationWestern Digital
26
PEARL CITY
Mixed Development in SimpangAmpat, Seberang Perai Selatan
To gain complete exposure and benefit from population growth since the completion of Penang Second Bridge in 2014
Upon completion, Pearl City will be a well-integrated city complemented with:
Public amenities
Recreation facilities
Healthcare facilities
Retail amenities
>15,000 residential housing units
Pearl City with locations of impending and existing developments
27
PEARL CITY TRANSPORT INFRASTRUCTURE
Pearl City
5-min drive from North-South Highway
15-min to 20-min drive from 1st & 2nd Penang bridges; and
1-min drive from Electrified Double Track Commuter Train station
28
PEARL CITY CATCHMENT AREA
Pearl City
12 industrial parks located within a 15km radius from the project
These include:Prai Industrial EstatePenang Science ParkBukit Minyak Industrial EstateBukit Tengah Industrial EstateBatu Kawan Industrial Park
Surrounding industrial parks capable of generating abundant employment opportunities
Well-
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