Sime Darby Property Bhd. · MYX:SIMEPROP
Sime Darby Property Bhd — Q2 2025 Earnings Presentation
33 slides from Sime Darby Property Bhd's earnings presentation, Aug 22, 2025
Slide 1: Q2 FY2025 Financial Results Analyst Briefing Presentation
Q2 FY2025 FINANCIAL RESULTS ANALYST BRIEFING PRESENTATION 22 August 2025 simedarbyproperty.com
Slide 2: Table of Contents
Table of Contents Page 1. H1 FY2025 Key Highlights 4 2. Financial Performance for Q2 FY2025 & H1 FY2025 10 3. Operational Performance for Q2 FY2025 & H1 FY2025 16 4. Battersea Power Station Updates 23 5. Malaysian Economy & Property Sector Outlook 25 6. Strategy Moving Forward 27 7. Investment Propo
Slide 3: Purpose, Vision, Mission and Values
PURPOSE To be a Value Multiplier for people, businesses, economies and the planet VISION MISSION VALUES Advancing real estate as a To develop, own and manage a T - Together we do what's right force for collective progress, in thriving asset portfolio that E - we lead with Excellence harmony with the
Slide 4: Key Highlights
Key Highlights First Six Months (H1 FY2025) The Eighth, Elmina Green 4
Slide 5: H1 FY2025 Financial Highlights
H1 FY2025 Financial Highlights • Financial Performance in H1 FY2025 remained robust supported by healthy market demand & solid operational execution • Revenue of RM1.9b remained strong on the back of growing recurring income assets/pipeline • PBT and PATAMI recorded at RM398.4m and RM262.0m, respect
Slide 6: H1 FY2025 Operational Highlights
H1 FY2025 Operational Highlights • Sustained strong sales momentum achieving RM2.0b, representing 56% of full year sales target of RM3.6b • Unbilled sales increased to RM3.9b in H1 FY2025, highest since the demerger • Industrial products maintained as the top sales contributor, accounting for 40%, f
Slide 7: YTD FY2025 Corporate Awards & Development Highlights
YTD FY2025 Corporate Awards & Development Highlights • Secured accolades at The Edge Malaysia Best Managed & Sustainable Awards and ASEAN Corporate Governance Awards • Hosted inaugural Urban Biodiversity Conference 2025, promoting sustainable urban environments under the theme “Coexistence” • Strong
Slide 8: Urban Biodiversity Conference
URBAN —\\ &@ BIODIVERSITY. Property CONFERENCE ‘COEXISTENCE SHARED ENVIRONMENTS FOR BALANCE AND RESILIENCE
Slide 9: KLGCC Mall
KLGCC Mall A Lifestyle Retail Mall with a curated selection of brands, tailored to community needs and offering Sime Darby Property’s third wholly-owned mall strategically memorable family-oriented experiences located within the flagship KLGCC Resort township 240,000sq.ft Net Lettable Area (NLA) 85%
Slide 10: Financial Performance
Financial Performance Second Quarter (Q2 FY2025) First Six Months (H1 FY2025) Jendela Residences, KLGCC Resort 10
Slide 11: Profit & Loss Performance
Profit & Loss Performance • Overall financial performance in H1 FY25 remained robust; • The Group registered Revenue, GP, and PBT of RM1.9 billion, RM644.7 million, and RM398.4 million, respectively • GP and PBT margins remained strong at 33.3% and 20.6% respectively, supported by a diversified prod
Slide 12: Revenue & PBT Analysis: Property Development
Revenue & PBT Analysis: Property Development • PD’s Revenue and PBT recorded at RM1.8b and RM368.7m, respectively, reflecting resilient performance despite timing- related impact on financial progress recognition • Robust sales performance from diversified product mix in major townships Property Dev
Slide 13: Revenue & PBT Analysis: Investment & Asset Management
Revenue & PBT Analysis: Investment & Asset Management • IAM’s Revenue grew by 34.3% YoY to RM78.0m, driven by strong retail performance and industrial assets contributions • PBT turnaround significantly to RM32.2m on the back of improved overall performance and lower share of losses from JVs Investm
Slide 14: Cash and Debt as at 30 June 2025
Cash and Debt as at 30 June 2025 • Cash balance remains healthy at RM596.1m, supported by positive net operating cash flow of RM170.3m • Net gearing ratio increased to 30.9%, driven by funding requirements to expand assets under management (“AUM”) in support of recurring income growth Cash & Cash Eq
Slide 15: Property Development Inventories as at 30 June 2025
Property Development Inventories as at 30 June 2025 • Completed inventories reduced by 6.4% to RM126.0m, and remain low at 1.9% of total inventories (Dec 24: 2.0%) • 70% or RM2.9b of total stocks (GDV) comprise from New Launches, indicating healthy aging Inventories in Carrying Value Stocks in GDV &
Slide 16: Operational Performance
Operational Performance First Six Months (H1 FY2025) Urban Park at Elmina Lakeside Mall, City of Elmina 16
Slide 17: Sales Achieved by Product Type and Location
Sales Achieved by Product Type and Location • Industrial products emerged as the top sales contributor at 40% • Resi. Landed contributed 25%, surpassing Resi. High-Rise at 22% • Commercial contribution increased to 10% (from 7% in Q1 FY25) driven by sustained demand across our maturing townships • S
Slide 18: Sales Performance Breakdown (by Product Type & Year)
Sales Performance Breakdown (by Product Type & Year) • Achieved sales of ~RM2.0b in H1 FY2025, representing 56% of full year sales target of RM3.6b • Diversified product mix with industrial products emerging as the top contributor at 40% • 55% of sales are from new launch projects amounting to ~RM1.
Slide 19: Unbilled Sales as at 30 June 2025
Unbilled Sales as at 30 June 2025 • Unbilled sales increased to its highest levels at RM3.9b, with cover ratio • Majority of unbilled sales located within Greater Klang Valley region maintained at 1.0x • 56% and 44% split between Township & Integrated Development • Healthy earnings visibility over t
Slide 20: Q2 FY2025 Launches – Residential Landed
Q2 FY2025 Launches – Residential Landed • RM592.2m worth of Residential Landed products launched in Q2 FY2025 • Total GDV for Residential Landed amounted to RM844.4m in H1 FY2025 with a healthy take-up rate of 71% Q2 FY2025 Launches H1 FY2025 Review Residential Landed RM844.4m Residential Landed GDV
Slide 21: Q2 FY2025 Launches – Residential High Rise & Commercial
Q2 FY2025 Launches – Residential High Rise & Commercial • RM532.5m GDV worth of Resi. High-Rise was launched in June (H1 FY2025) • RM346.0m GDV worth of commercial products launched in H1 FY2025 with a strong average take-up rate of 86% Q2 FY2025 Launches H1 FY2025 Review Residential High Rise RM532
Slide 22: Q2 FY2025 Launches – Industrial
Q2 FY2025 Launches – Industrial • RM221.4m worth of Industrial products launched at the tail-end of Q2 FY2025 • Total GDV launch for Industrial products amounted to RM430.8m in H1FY25 Q2 FY2025 Launches H1 FY2025 Review Industrial RM430.8m Industrial GDV launched in H1 FY25 June 2025 Vision Business
Slide 23: Battersea Power Station Updates
Battersea Power Station Updates Battersea Power Station 23
Slide 24: Battersea Power Station Updates
Battersea Power Station Updates • Take-up rates for Phase 3B (Electric Boulevard) residential component increased to 78% (+4% QoQ) • Phase 3C in tender stage & target to start construction by FY26 • London’s largest Southeast Asian festival “celebrASIA” returns to Battersea Power Station (5-7 Sept)
Slide 25: Malaysian Economy & Property Sector Outlook
Malaysian Economy & Property Sector Outlook Aerial view of KLGCC Resort 25 25
Slide 26: Macroeconomic & Sector Outlook
Macroeconomic & Sector Outlook • Malaysia’s GDP grew by 4.4% in Q2 FY2025 driven by robust domestic demand & continued export growth • BNM reduced OPR by 25bps to 2.75% to support growth and spur economic activity • Approved Foreign Investment rose 31% YoY to RM60.4b in Q1 FY2025; Industrial Sector
Slide 27: Moving Forward: Our Strategy
Moving Forward Our Strategy Aerial view of Bukit Cherakah Forest Reserve 27
Slide 28: FY2025 Guidance
FY2025 Guidance Approaching tail-end of SHIFT25, the Group remains in execution-mode in its transformation journey of becoming a real estate company Our Our Purpose Purpose To be a Value Multiplier for people, businesses, SHIFT25 Strategy remains intact and aligned with our Purpose, Vision, Mission,
Slide 29: FY2025 Launch Plan
FY2025 Launch Plan For H2 FY25, ~RM1.9b in GDV with 1,484 units are expected to be launched (TD: RM1.1b & ID: RM0.8b) FY25 Planned Launches H1 FY25 Launches FY25 Remaining Launches GDV GDV GDV Units % GDV Units GDV (%) Units GDV (%) (RM bil) (RM bil) (RM bil) Township Development 1,521 2.6 66% 1,094
Slide 30: Investment Proposition
Investment Proposition KLGCC Clubhouse 30
Slide 31: Investment Proposition
Investment Proposition Clarity of purpose, strengthened fundamentals and track record for growth Strong Financial Performance Revenue Visibility H1 FY2025 Revenue H1 FY2025 Sales RM1,933.9 million RM2,016.2 million Bookings RM1.6 billion (as at 10 August 2025) H1 FY2025 Profit Before Tax Unbilled Sa
Slide 32: Investment Proposition
Investment Proposition Towards greater income diversification and value multiplication Outlook for FY2025 Income & Product Diversification Sales & GDV Launch Target Transformation journey towards a Real Estate • GDV Launch – RM4.0 billion Company by 2025 • Sales Target – RM3.6 billion Investment Ass
Slide 33: Thank you | Q&A
Thank you | Q&A Sime Darby Property Berhad 197301002148 (15631-P) No. 2, Jalan PJU1A/7A Ara Damansara 47301, Petaling Jaya Selangor, Malaysia simedarbyproperty.com
Sime Darby Property Berhad — Q2 2025 Earnings Presentation on 6ix