SENTORIA GROUP BERHAD Investors Briefing 9m12 Financial Results - PowerPoint PPT Presentation

SENTORIA GROUP BERHAD Investors Briefing 9m12 Financial Results & Corporate Update 10 September 2012 1 Private & Confidential

Contents Section 1 9m12 Operations Review Section 2 9m12 Financial Highlights Section 3 Growth Strategies Section 4 Investment Merits Appendix Corporate Profile 2 Private and Confidential

SECTION 1 9m12 Operations Review 3 Private and Confidential

Positive take-up rate of BGRC properties indicates buyer appreciation of long- term investment proposition… Continued to strengthen reputation in Kuantan High take-up rate in Global Heritage South properties spurred subsequent launches • Since launch in March 2012:  52% of San Francisco villas taken-up #  60% of Amsterdam villas taken-up # • Launched two new themes – Barcelona and Venice – in May 2012  15% of Venice (waterfront) villas taken-up # Launched Taman Bukit Rangin, a residential development in Kuantan • Comprises total of 472 units of single-storey terraces and semi-detached homes • GDV of RM59.3 million on 37.2 acre land • 91% units taken-up # # All take-up rates are as at 15 August 2012 4 9m12 Operations Review: Property Development Private and Confidential

Not only did visitor numbers rise, average spend by visitor improved too… Rising patronage to Bukit Gambang Resort City (BGRC) - Resulting from higher awareness amongst target markets with increasing trend of larger group functions - School holidays in May also a contributing factor - 98% of visitors from Malaysia, balance 2% from overseas (mainly Singapore) Higher revenue per visitor - Largely due to increased number of F&B outlets & more efficient service at the outlets +17.8% yoy +4.6% yoy 5 9m12 Operations Review: Leisure and Hospitality Private and Confidential

Growing number of ‘play and stay’ visitors… opening of ABR to see the next jump in patronage Constantly improving occupancy rates at Caribbean Bay Resort (CBR) • Due to higher BGRC patronage and more MICE*-related activities  Hosted two large MICE groups (of 2,000pax and 900pax respectively) in 3Q12 *MICE = Meetings, Incentives, Conventions & Exhibitions Completed Arabian Bay Resort (ABR) • ABR to increase BGRC room capacity to 1,866 rooms • Houses the award- winning “Largest Pillarless Grand Ballroom in Malaysia” by the Malaysian Book of Records • Awaiting Certificate of Fitness; targeted by end-2012 9m12 Operations Review: Leisure and Hospitality 6 ( con’t ) Private and Confidential

SECTION 2 9m12 Financial Highlights 7 Private and Confidential

All- round growth, with high element of operational efficiency… RM'mil 9m12 9m11* Change Remarks Revenue 135.4 129.3 4.7% All-round revenue growth in both segments Property segment enjoyed higher margins from favourable Gross Profit 60.3 46.0 31.1% product mix, also from disposal of certain land parcels in 3Q12; higher patronage to BGRC saw increased profitability Gross margin 44.6% 35.6% 9.0 pt in Leisure and Hospitality segment EBITDA 44.3 35.0 26.8% Still growing despite higher OPEX from ongoing expansion efforts EBITDA margin 32.8% 27.1% 5.7 pt PBT 39.4 30.2 30.5% Asset-light strategies (eg. sale and leaseback approach) minimizing finance requirements PBT margin 29.1% 23.4% 5.8 pt PATMI 31.1 23.3 33.1% 9m11 PATMI includes tax allowance of RM12 mil; FY12 on track for outperformance Net margin 22.9% 18.0% 4.9 pt Basic EPS (sen) 8.39 6.86 22.3% Based on share base of 400 mil shares * Prorated from audited 10m11 figures, net of ITA 8 9m12 Income Statement Summary Private and Confidential

Leisure and hospitality recording robust performance…property development remaining steady Revenue Breakdown by Activities ( RM’mil ) Revenue Breakdown by Activities (RM’mil) 9m12 9m11* Change Property 91.1 90.2 1.0% Development Leisure and 44.3 39.1 13.2% Hospitality Total 135.4 129.3 4.7% Gross Profit Breakdown by Activities ( RM’mil ) Gross Profit Breakdown by Activities (RM’mil) 9m12 9m11 Change Property 39.9 29.5 34.9% Development Leisure and 20.5 16.5 24.3% Hospitality Total 60.3 46.0 31.1% * Prorated from audited 10m11 figures, net of ITA 9 9m12 Segmental Analysis Private and Confidential

On route for outperformance… 9m12 net profit exceeding that of FY2011 (net of Investment Tax Allowance) Revenue ( RM’mil ) Gross Profit ( RM’mil ) & GP Margin (%) EBITDA ( RM’mil ) & EBITDA Margin (%) Net Profit ( RM’mil ) & Net Margin (%) 10 9m12 Financial Performance Private and Confidential

Balance sheet still improving… net gearing remains at a comfortable level Balance Sheet ( RM’mil ) Total Assets ( RM’mil ) & ROA (%) Shareholders’ Funds (RM’mil ) & ROE (%) (RM’mil) As at 30.06.12 As of 30.09.11 Plant & Equipment 135.7 90.5 Other Non-Current Assets 28.8 28.6 Current Assets 141.6 109.6 Current Liabilities 91.3 81.4 Non-Current Liabilities 32.0 38.9 Total Shareholders Equity 182.6 108.4 Total Borrowings 45.8 53.1 Cash & Cash Equivalents 28.7 5.3 Gearing (net of cash) (x) 0.09 0.44 Net Tangible Assets/share (RM) 0.46 54.2* * Based on 2 mil shares only 11 9m12 Balance Sheet Private and Confidential

SECTION 3 Growth Strategies 12 Private and Confidential

Strengthening footprint in East Coast… To continue promoting Global Heritage South nationwide • Satisfactory response for GHS over the last few months • Will continue nationwide promotions via property exhibitions To continue developing affordable housing projects • Encouraging take-up rate for Taman Bukit Rangin indicates high demand for affordable residences 13 Growth Strategies: Property Development Private and Confidential

ABR set to vastly increase room inventory… Safari Park progressing well • ABR targeted to be fully operational by end-2012  To increase Group’s room inventory to 1,866  Will cater to even larger number of patrons and MICE groups Accommodation MICE Facilities • • 546 resort suites 6 banquet halls • • 320 two-bedroom Pillarless ballroom that fits family suites 3,100 people (roundtable • 216 hotel suites seating) • 10 penthouse suites • First two phases of Safari Park to open in end-2012  Completed construction of main entrance complex  Construction of main roads and infrastructure underway  In process of obtaining relevant permits and licenses to procure animals 14 Growth Strategies: Leisure & Hospitality Private and Confidential

SECTION 4 Investment Merits 15 Private and Confidential

Undemanding valuation for a still-growing company... Share Price @ 07-Sept 2012 RM0.670 Market Cap @ 07-Sept 2012 RM268.0 mil FY11 PE Ratio 1 10.3x FY12 PE Ratio 2 6.5x Enterprise Value/EBITDA 4.8x Price to book ratio 3 1.5x 1 Based on FY2011 net profit of RM26.0 mil (net of RM12.5 mil in deferred tax assets from hospitality segment) 2 Based on annualized net profit of RM41.4 mil 3 Based on Net Tangible Assets per share of RM0.46 (as at 30 June 2012) • Sentoria has paid an interim dividend of 1sen/share on 28 June 2012 • Intends to declare a final dividend in respect of FY2012 16 Valuation Private and Confidential

 Highly-efficient property developer with a proven track record and asset-light approach  Group’s property sales displays resilience even in recession; pipeline projects with total GDV of RM1.1 billion till 2020  BGRC a fast-growing integrated resort city with theme parks, MICE facilities and accommodation  Growing awareness of BGRC, increasing number of attractions and accommodation capacity enables operational scalability  Strong financial performance with high gross margins and high ROE  Affordable valuation for a high-growth proposition, underpinned by dividend payout 17 Investment Merits Private and Confidential

Question and Answer Session Thank You Contact: En. Nasiruddin Nasrun nasir@sentoria.com.my T:019-669 1505/03-8943 8388 Ms. Julia Pong julia@aquilas.com.my T:012-390 9258/03-2711 1391 18 Private and Confidential

APPENDIX Corporate Profile 19 Private and Confidential

A rising star in the leisure & hospitality sector in Malaysia…while property development segment has been the Group’s stable cash cow • Sentoria commenced operations in 2000, and has since established two core businesses today Leisure & Hospitality: Property Featuring BGRC, an Development: integrated theme park Currently focused with MICE facilities and Leisure & Property on residential accommodation for a Hospitality Development properties in holistic experience for Kuantan, Pahang corporates and families Resort Township Resort City Themeparks MICE* Facilities Accommodation Development Development * Meetings, Incentives, Conventions and Exhibitions 20 Background Private and Confidential