Presentation by Sime Darby Property Berhad July 2019
Presentation Outline 1 Sime Darby Property Profile 2 Key Developments 3 Financial and Operational Highlights 4 Growth Strategies & Key Focus in 2019 5 Appendices 2
Sime Darby Property 1 3
14.0% Source: Tricor Shareholdings Foreign Shareholding and Share Price 56.5% 13.6% Other Domestic Shareholdings 30 June 2019 and others As at 4.8% 11.1% Share Price Movement (RM) 30-Nov-17 15-Dec-17 1.11 1.78 30-Dec-17 Shares (000’) Number of Ordinary 6,800,839 (as at 28 June 2019) Market Capitalisation RM7.0bn Share Price (as at 28 June 2019) RM1.03 14-Jan-18 29-Jan-18 13-Feb-18 28-Feb-18 15-Mar-18 30-Mar-18 14-Apr-18 29-Apr-18 14-May-18 29-May-18 13-Jun-18 28-Jun-18 13-Jul-18 28-Jul-18 12-Aug-18 27-Aug-18 11-Sep-18 26-Sep-18 11-Oct-18 26-Oct-18 10-Nov-18 25-Nov-18 10-Dec-18 25-Dec-18 9-Jan-19 24-Jan-19 8-Feb-19 23-Feb-19 10-Mar-19 4 25-Mar-19 9-Apr-19 24-Apr-19 9-May-19 24-May-19 1.03 8-Jun-19 23-Jun-19
Share Price Performance Movement of Sime Darby Property against the index – Share prices broadly trending downwards within the overall property sector Index (100) 170.0 150.0 At 30 Nov At 28 June 130.0 % Chg 2017 2019 Sime Darby Sime Darby 110.0 14 Property: Property: RM1.20 RM1.03 FBM KLCI: FBM KLCI: 3 90.0 1,717.86 pts 1,672.13 pts Bursa Prop: Bursa Prop: 26 1,217.19 pts 900.92 pts 70.0 50.0 30 Nov 17 15 Dec 17 30 Dec 17 14 Jan 18 29 Jan 18 13 Feb 18 28 Feb 18 15 Mar 18 30 Mar 18 14 Apr 18 29 Apr 18 14 May 18 29 May 18 13 Jun 18 28 Jun 18 13 Jul 18 28 Jul 18 12 Aug 18 27 Aug 18 11 Sep 18 26 Sep 18 11 Oct 18 26 Oct 18 10 Nov 18 25 Nov 18 10 Dec 18 25 Dec 18 9 Jan 19 24 Jan 19 8 Feb 19 23 Feb 19 10 Mar 19 25 Mar 19 9 Apr 19 24 Apr 19 9 May 19 24 May 19 8 Jun 19 23 Jun 19 FTSE Bursa Malaysia KLCI Bursa Malaysia Property Index Sime Darby Property 5 Source: Bloomberg as at 28 June 2019
Historical Foreign Shareholding Sime Darby Property Foreign Shareholding since Dec' 17 (%) 15.05 14.96 14.83 14.83 14.78 14.82 14.66 14.58 14.63 14.63 14.48 14.45 14.38 14.27 14.26 14.22 14.20 14.13 14.09 14.00 6
The Largest Property Developer in Malaysia In terms of land bank size Property Development UNITED KINGDOM 23 Active townships, integrated and THAILAND niche developments KEDAH 20,374 Acres of remaining developable land bank to be Helensvale, developed over 10 -25 years Queensland RM87.5bn GEORGETOWN, PENINSULA Estimated Remaining Gross PENANG AUSTRALIA MALAYSIA Development Value (GDV) 58% Average trading discount to Realised Net Asset Value (RNAV) Property Investment SELANGOR 3,141 acres 1.3mn Sq. ft. of total Net Lettable Area owned in Malaysia and 2,800 acres Singapore NEGERI SEMBILAN Hospitality & Leisure 1,462 acres JOHOR 4 Assets include 2 golf courses (36-hole & 18-hole BANDAR UNIVERSITI PAGOH respectively) and a 3,226 acres Key Developments convention center in Malaysia and a serviced Singapore North-South Expressway residence in Vietnam 7
Sustainable Growth with Remaining Developable Period of 10 to 25 years By Remaining By Remaining Gross Developable Land Development Value (GDV) 1,462 8.9 19.6 3,295 (12%) (11%) (25%) (28%) 321 (3%) O N RM79.4 11,949 G O 2,800 27.8 5.0 billion (23%) acres (35%) I (6%) 828 (7%) N G 5.5 12.6 (7%) 3,242 (16%) (27%) Legend 0.02 2,031 (0.3%) 3,092 0.3 (24%) F (37%) (4%) U RM8.1 8,425 T billion U acres (Currently only includes R Kota Elmina, Lagong and Planters’ Haven) E 3,302 7.8 (39%) (96%) Notes: 1. Township categorisation: • Guthrie Corridor: (Ongoing) Elmina West, Elmina East, Denai Alam & Bukit Subang and Bukit Jelutong, (Future) Kota Elmina & Lagong • Negeri Sembilan: (Ongoing) Nilai , Bandar Ainsdale, Planters’ Haven & Chemara, (Future) MVV and others • Johor: Bandar Universiti Pagoh and Taman Pasir Putih 8 • Greater Klang Valley & Others: • (Ongoing) Ara Damansara, KLGCC Resort, Putra Heights, KL East, USJ Heights, Taman Melawati, Saujana Impian, SJCC and SJ7 • (Future) Jalan Acob, Victoria Estate and others
Key Developments 2 9
Key Developments With remaining development period of about 25 years Guthrie Corridor Klang South Selangor Johor Expressway Bandar Universiti Elmina East and West Bandar Bukit Raja Serenia City Pagoh Remaining 2,997 2,800 1,462 3,226 Acreage Remaining RM18bn RM13bn RM9bn RM5bn GDV Total 26,809 20,859 13,234 9,542 Residential Units Residential 3,819 8,284 704 495 Units Launched Total 177 709 196 261 Industrial Components First launch 152 265 99 Industrial in 1H19 Acreage Sold Along the Guthrie Klang Xiamen University, 1 st Pagoh Education • • • • Hub, 1 st multi-varsity Key Corridor Highly-connected , university branch outside • Catalysts >3000 acres of close to Port Klang of China education hub (506 • Horizon Village Outlet green spaces and KLIA • acres) with >7,000 10 to open in 4Q20 students
Developments along the Guthrie Corridor Expressway KEY HIGHLIGHTS Lagong 10,297 acres 1,552 acres Total land bank along Guthrie Corridor Expressway 6,387 acres Remaining developable land bank 52% of total land bank are on ongoing • Kota Elmina developments 1,540 acres 48% on future developments (Kota • Elmina and Lagong) Elmina West RM28 billion 2,661 acres Remaining: 2,441 acres Estimated remaining GDV Elmina East Forest > 40,000 1,089 acres Reserve Remaining: 556 acres Total residential units with over 28,400 Denai Alam & Bukit remaining units to be launched Subang DASH 1,250 acres Good connectivity: Remaining: 144 acres RRI GCE, DASH, NKVE, LATAR and NSE Mass Rapid Transit-1 (MRT 1) and Bukit Jelutong Keretapi Tanah Melayu Line (KTM) 2,205 acres Remaining: 154 acres 11
Elmina East and West - A Wellness Hub KEY Proposed LRT OVERVIEW extension HIGHLIGHTS 3,750 acres 3,819 (Remaining: 2,997 acres) Elmina City Centre straddles both sides of the Total residential units GCE from Elmina West to Elmina East, launched since 2013 forming a prime integrated development hub 2,796 units from Elmina • West (including RSKU) of RM17.7bn RM200k - RM1,453k Estimated Remaining GDV (RM222 – RM667 psf) 1,023 units from Elmina • 26,809 units East priced between RM600k – RM2,308k Total estimated residential units (RM307 – RM564 psf) 2,143 residential units have • 300 acres completed to-date Elmina Central Park 152 2,700 acres Acres of industrial land sold Tasik Subang Dam Forest Reserve (RM89 – RM127psf) 42 acres 576 Wellness Cluster Delivery of residential units from Elmina Valley 3 & 4 in 90 km Elmina West and Tiana and Combined jogging and cycling track Viana in Elmina East An Award-Winning Township • Winner in Best Landscape Architectural Design • Highly Commended in Best Township Development 12 • Winner in Best Universal Also a recipient of People’s Choice Award Design Development by iProperty Malaysia 2018
Bandar Bukit Raja - Highly Connected Township KEY OVERVIEW HIGHLIGHTS 4,333 acres (Remaining: 2,800 acres) 6,406 Close proximity to KLIA and Port Klang open market residential RM12.7bn units launched since 2011 RM119.8k – RM1,280.3k • Estimated Remaining GDV (RM142 – RM459psf) 5,297 residential units • 20,859 units have completed to-date Total estimated residential units 265 709 acres Acres of industrial land sold Industrial components (RM42 – RM95psf) High Connectivity 230 via major road infrastructure New North Klang Straits Bypass (Shapadu Delivery of completed Highway) and upcoming West Coast residential units from Expressway (WCE) Persada 1 & 2 in FP2018 RECENT INDUSTRIAL DEVELOPMENTS Bandar Bukit Raja 1 Bandar Bukit Raja 2 50 39 Acres of industrial Acres of industrial land land sold to Vinda across 10 plots for built-to- Group, one of the suit industrial facilities. largest producers Potential tenants include 13 of hygiene food manufacturers and products global logistics provider
Serenia City - Industrial and High Technology Hub OVERVIEW KEY HIGHLIGHTS 2,370 acres (Remaining: 1,462 acres) Close proximity to Kuala Lumpur, Putrajaya, 704 Cyberjaya and KLIA RM8.9bn Total residential Estimated Remaining GDV launches to date 13,234 units FY2018: 302 DSLH • units of Serenia Total estimated residential units Amani (RM293- 196 acres RM404psf) Industrial components FP2018: 176 DSLH • High Connectivity units of Adiva Accessible via ELITE Highway, Federal Road, (RM300-RM367psf) ERL & KLIA 1QFY19: 226 units • of Adiva 2 launched Development Catalysts in Mar 2019 Express Rail Link (ERL) • 12 minutes to KLIA and 27 minutes to KL 73 Central via the Salak Tinggi Station Xiamen University, Malaysia • acres of industrial land Campus sold to date starting First Chinese university branch campus from RM60 psf outside China with a total capacity of 10,000 students, with 3,300 current student population. Opened in February 2016. Horizon Village Outlet • One-storey retail lots over total net lettable area of 400,000 sqft with 2,000 covered parking bays. Target to be completed by 4Q 2020. Sunsuria City • An integrated development by Sunsuria which commenced in November 2015 14
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