S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — Investor Presentation (July 2011)
39 slides from S P Setia Bhd's investor presentation, Jul 21, 2011
Slide 1: Corporate Presentation
Corporate Presentation 21 July 2011
Slide 2: FY2011 Sales @ 30 June 2011
Launched Sales Value Sold Units FY2011 SALES @ 30 JUNE 2011 Central Region Units (RM m) Setia Alam 947 1,077 588 Setia Eco Park 116 110 272 Setia Sky Residences 225 108 121 Setia Walk 0 155 60 Sub-total Central Region 1,288 1,450 1,042 Southern Region Bukit Indah 317 390 200 Setia Indah 102 156 66 S
Slide 3: S P Setia's Monthly Sales
S P Setia’s Monthly Sales Monthly Sales (RM m) Monthly sales continue to hold 350 up above pre-crisis levels 300 250 200 Pre-crisis Average 150 RM126m 100 50 0 Nov- Feb- May- Aug- Nov- Feb- May- Aug- Nov- Feb- May- Aug- Nov- Feb- May- 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11
Slide 4: Progress Billings Status
Project Location Sales Progress Future PROGRESS BILLINGS STATUS (All figures in RM m) Effective Secured^ Billings Progress Stake Central Region @ 30.6.2011 @ 31.10.2010 Billings Setia Alam 100% 3,100 1,991 1,109 Setia Walk 100% 686 334 352 Setia Sky Residences 70% 305 51 254 Putrajaya 60% 1,004 981
Slide 5: Southern Region
Southern Region Setia Biz Park II Bukit Indah Setia Eco Kaskadia Setia Indah Setia Biz Park II Setia Tropika Setia Eco Gardens Quick Facts Number of Total Remaining Total Remaining Active Johor Johor Johor Johor GDV Johor GDV* Projects Landbank Landbank 6 4,613 acres 1,502 acres RM13.7bn RM8.00bn *A
Slide 6: No 1 in Johor Bahru in Good & Bad Times
No 1 in Johor Bahru in Good & Bad Times Annual Sales (RM million) 800 Previous annual sales record broken in 8 months! 666 700 607 600 532 523 500 438 398 416 400 291 300 200 100 0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 YTD FY11* *8-months sales as at 30 June 2011
Slide 7: Significant Pipeline of Products Remaining in Johor
Significant Pipeline of Products Remaining in Johor As at 30 June 2011 Initial GDV Johor Projects Revised GDV Achieved Remaining (RM bn) Bukit Indah 2.8 4.2 2.6 1.6 Setia Indah 1.7 1.7 1.6 0.1 Setia Tropika 2.0 2.8 1.1 1.7 Setia Eco Gardens 2.0 2.5 0.4 2.1 Setia Eco Cascadia^ 1.5 1.5 0.0 1.5 Setia B
Slide 8: Setia Eco Cascadia: Capturing Upgraders from Setia Indah
Setia Eco Cascadia: Capturing Upgraders from our Matured Setia Indah project Artist Impressions
Slide 9: Setia Biz-Park II, Tebrau
Setia Biz-Park II, Tebrau: Tapping into Growth in Commercial Market spurred by Iskandar Success Semi-detached unit Artist Impressions Detached unit
Slide 10: Central Region
Central Region Setia Walk Setia Alam Setia City Eco Park Setia Sky KL Eco City Residences Quick Facts Number of Total Klang Remaining Total Klang Remaining Active Klang Valley Klang Valley Valley GDV Klang Valley Valley Projects Landbank Landbank GDV* 10 3,855 acres 1,807 acres RM36.00bn RM29.32bn *
Slide 11: Consistent Record-Breaking in Klang Valley
Consistent Record-Breaking in Klang Valley Central On track for another record- Region Sales breaking year in FY2011! (RM million) 1,600 1,536 1,200 1,042 899 771 800 572 411 405 393 400 0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 YTD FY11* *8-months sales as at 30 June 2011
Slide 12: Significant Value Creation in Klang Valley
Significant Value Creation in Klang Valley As at 30 June 2011 Klang Valley Initial GDV Revised GDV Achieved Remaining Project (RM bn) (RM bn) Setia Alam 8.0 3.1 4.9 Setia Eco Park 5.0 5.0 1.8 3.2 Setia City 10.1 0.1 10.0 Total 5.0 23.1 5.0 18.1
Slide 13: Setia Alam: Continuous Value Enhancement
Setia Alam: Continuous Value Enhancement Annual Price (RM) Sales Value 800,000 (RM m) 700,000 RM668,000 800 600,000 700 600 500,000 770 588 500 400,000 400 300,000 300 200,000 405 20'x70' Double-Storey Terrace House 200 282 333 267 100,000 232 223 100 0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 0 FY04
Slide 14: Setia Eco Glades: New Project in Cyberjaya
Setia Eco Glades: New Project to Replicate Eco Park’s Success in Cyberjaya New Land acquired on 2 March 2011 Land Area = 268 acres Land Cost = RM420m or RM36psf Est. GDV = RM3bn
Slide 15: Eco Glades: Major Highways
Eco Glades: Major Highways Approximately 20 minutes to KL via Maju Expressway
Slide 16: Northern Region
Northern Region Brook Residences Setia V Residences Setia Pearl Island Setia Greens Quick Facts Number of Total Remaining Total Remaining Active Penang Penang Penang Penang Penang Projects Landbank Landbank GDV GDV* 5 167 acres 60 acres RM1.83bn RM0.94bn *As at 30 June 2011
Slide 17: Carving a niche in Penang
Carving a niche in Penang Annual Sales (RM million) 300 241 250 193 200 171 150 150 128 100 50 0 FY07 FY08 FY09 FY10 YTD FY11* *8-months sales as at 30 June 2011
Slide 18: Moving up the Value-Chain in Penang
Moving up the Value-Chain in Penang Setia V Residences @ Gurney GDV: RM170.0 million RM2.5 million per unit Artist Impressions 11 Brook Residences GDV: RM60 million RM5.8 million per unit
Slide 19: Commercial Range
% of Total Landbank of 3,955 acres Commercial Range Commercial, 200 acres, 5% Others, 3,755 acres, 95% % of Total Remaining GDV of RM45bn COMMERCIAL RANGE Commercial, CONCEPT: Integrated Commercial Hubs RM18bn, 40% PRODUCT: Retail; Office & Residential Others, RM27bn, LOCATION: Existing Townships &
Slide 20: Setia City, Setia Alam
Setia City, Setia Alam Trefoil @ Setia City National Setia City Institute of Convention Health Centre Central Park
Slide 21: Setia City Mall, Setia Alam
Setia City Mall, Setia Alam Awareness campaign ongoing Parkson, GSC, Urbanfresh, Harvey Norman, Fitness First, Courts and Wangsa Bowl signed up as anchors; specialty leasing in progress – more than 75% of retail space already taken up Superstructure work in progress
Slide 22: Securing Prime Bangsar Land for Future Development
Leveraging Township Success & Landbank Size to Secure Prime Bangsar Land for Future Development Setia Alam MOH Land 55.33 acres 40.22 acres Land Swap Deal + New 1NIH Complex
Slide 23: KL EcoCity: Transformative Project
KL EcoCity: Transformative Project to Springboard us onto the Next Growth Phase
Slide 24: KL EcoCity: Strata & Boutique Offices Fully Taken-up
KL EcoCity: Strata & Boutique Offices Fully Taken-up before Official Launch
Slide 25: International Expansion
% of Total Landbank of 3,955 acres International Expansion Int'l, 545 acres, 14% Others, 3,410 acres, 86% % of Total Remaining GDV of RM45bn Int'l, RM5bn, 11% INTERNATIONAL EXPANSION CONCEPT: Core Residential Development PRODUCT: Townships & Niche Residential Products Others, LOCATION: Suburban & Ce
Slide 26: South Vietnam
South Vietnam Eco Lakes, Binh Duong Eco Xanh, D9, HCMC (Pending JVA) Eco Xuan, Binh Duong Quick Facts Number of Total Remaining Total Remaining Active Vietnam Vietnam Vietnam Vietnam GDV Vietnam GDV* Projects Landbank Landbank US$1.0bn US$1.0bn 3 585 acres 543 acres (RM3.6bn) (RM3.5bn) *As at 30 Jun
Slide 27: EcoXuan, Lai Thieu
EcoXuan, Lai Thieu Measured Expansion into Vietnam Macro conditions, undeveloped Maiden Launch 2H FY2011 Row Houses, Semi-Ds & Villas from mortgage market limits rate of US$77k to US$338k per unit expansion into Vietnam (or US$46 to US$65 per square feet) Still good demand for affordable units in ce
Slide 28: EcoLakes, My Phuoc
EcoLakes, My Phuoc Maintaining presence, enhancing project awareness & preparing ground-work for more significant launches once conditions improve First handover of 251 row houses held on 18 December 2010 Second handover of 58 units of Semi- Ds & Villas expected in 2H FY2011 Remaining GDV of RM2.62b
Slide 29: Melbourne, Australia
Melbourne, Australia Largest remaining undeveloped site in the central spine of Melbourne CBD Quick Facts Number of Total Remaining Total Remaining Active Australia Australia Australia Australia Australia Projects Landbank Landbank GDV GDV* Pending 1 acre 1 acre AUD$450m AUD$450m Approvals *As at 30
Slide 30: Fulton Lane, Melbourne
Fulton Lane, Melbourne Opened for Bookings Ideal CBD location & within walking distance to premier tertiary institutions Targeted marketing to select customers of S P Setia Group
Slide 31: Maiden Project in Singapore
Maiden Project in Singapore Quick Facts Project Freehold Total Purchase Purchase Estimated Status Land Area Consideration Consideration GDV* on GFA Pending 29,436 sq ft S$65m S$130m Approvals (RM159m) S$824 per GFA (RM318m) *As at 30 June 2011
Slide 32: Leong Bee Court – Amenities & Connectivity
Leong Bee Court – Amenities & Connectivity Leong Bee 10 minute drive to city Court Site centre & Orchard shopping belt via PIE & CTE Close walking distance to Potong Pasir MRT Station & good schools including Stamford American International School & Maris Stella High School Significant cross-selling
Slide 33: Group Landbank
Landbank (acres) Land Cost Branding Project Total Undeveloped per sq ft Strategies Life Cycle Setia Alam 2,290 882 RM3.49 Setia Growth Setia Eco Park 798 354 RM8.00 Eco Growth Putrajaya - P15 275 135 Setia Matured Setia Sky Residences 6 3 RM300 Residences Growth Setia City 158 125 RM3.49 Commercial
Slide 34: Strong Track Record of Landbank Value Creation
Strong Track Record of Landbank Value Creation since 2nd Transformation RM m
Slide 35: Estimated Landbank Value
Estimated Landbank Value As at 30 June 2011 PROJECTS BY EST. TOTAL DEVELOPED REMAINING REGIONS GDV GDV GDV As at 31 Oct '10 RM billion RM billion RM billion Central Region 36.00 6.68 29.32 Southern Region 13.70 5.70 8.00 Northern Region 1.83 0.89 0.94 Eastern Region 1.50 0.00 1.50 International 4.96
Slide 36: Estimated Landbank Value by Market Segments
Estimated Landbank Value by Market Segments TOTAL GDV MARKET SEGMENTS ACREAGE (RM m) KL EcoCity 24 6,000 Setia City, Setia Alam 125 10,000 Aeropod 42 1,500 Sub-total Integrated Commercial 191 17,500 Fulton Lane, Melbourne 1 1,390 Vietnam Projects 543 3,180 Leong Bee Court, Singapore 1 320 Sub-total
Slide 37: Profit & Loss Statement
PROFIT & LOSS STATEMENT Year Ended Period Ended (RM million) 31.10.10 30.04.10 30.04.11 Revenue 1,745.9 773.0 1,015.6 Gross profit 425.8 177.6 257.6 Other operating income 16.7 6.6 9.1 Sales, Admin & general exp (194.3) (68.3) (97.7) Profit from operations 248.2 115.9 169.0 Profit from investing act
Slide 38: Balance Sheet
BALANCE SHEET Year Ended Period Ended Key Items 31.10.09 31.10.10 30.04.11 No of Ordinary Shares 1,016.8 1,016.8 1,760.6 Share Capital (RM m) 762.6 762.6 1,320.5 Shareholders' Funds (RM m) 2,037.2 2,187.6 3,141.1 NA per share (RM) 2.00 2.15 1.78 Total Cash (RM m) 885.5 1,058.5 1,493.6 Total Borrowin
Slide 39: Thank You
Builder of pert Setia livelearnworkplay SP SETIA BHD GROUP Thank You @