Sime Darby Property Bhd. · MYX:SIMEPROP
Sime Darby Property Bhd — Shareholder Meeting (May 2023)
29 slides from Sime Darby Property Bhd's shareholder meeting presentation, May 24, 2023
Slide 1: 50th Annual General Meeting
50th Annual General Meeting Corporate Presentation 24 May 2023 | Virtual from KLGCC simedarbyproperty.com
Slide 2: Table of Contents
Table of Contents Page 1. 2022 at a Glance 3–7 2. FY2022 Financial & Operational Highlights 8 – 16 3. Battersea Power Station 17 – 18 4. Sustainability 19 – 21 5. Market & Sector Outlook 22 – 23 5. Our Strategy Moving Forward 24 – 28 2
Slide 3: 2022 at a Glance
Property 2022 at a Glance
Slide 4: FY2022 Key Highlights
FY2022 Key Highlights Robust revenue and PBT growth of 24% and 64% respectively recorded in FY2022; Highest operating profit since de-merger; Declared a second single tier dividend of 1 sen per share in Q4 FY2022 amounting to a total dividend declared of 2.0 sen per share Financial Operating Profit
Slide 5: Key Milestones (1/2)
Key Milestones (1/2) Remarkable milestone in Industrial & Logistics business with the groundbreaking of IDF’s maiden assets, E-Metro Logistics Park in Bandar Bukit Raja; Official launch of the iconic Battersea Power Station Groundbreaking of E-Metro Logistics Park as IDF’s maiden assets Battersea Po
Slide 6: Key Milestones (2/2)
Key Milestones (2/2) Celebrated our Golden Jubilee in 2022 with a brand new PVMV statement to set our direction to be a value multiplier for people, businesses, economies and the planet New Purpose, Vision Mission and Values Statement (“PVMV”) Sime Darby Property’s Golden Jubilee – “Beyond 50” Campa
Slide 7: Awards & Accolades
Awards & Accolades Multiple awards and recognitions from the industry as a credentials for our operational, corporate and sustainability excellence Top 10 Property Developer in Malaysia at The Edge Malaysia Top Property BCI Asia Top 10 Developers (Malaysia) 10 Awards at the StarProperty Awards 2022
Slide 8: FY2022 Financial & Operational Highlights
FY2022 Financial & Operational Highlights 8
Slide 9: 5-Year Financial Performance
5-Year Financial Performance Financial position continue to strengthen post-pandemic with the Group registered its highest operating profit and highest sales achievement since de-merger Revenue Operating Profit Profit Before Tax PATAMI Highest since demerger Core PBT One-offs Core PATAMI One-offs 35
Slide 10: 5-Year Sales Performance
5-Year Sales Performance • Exceptional sales performance in FY2022 of RM3.7b (+24% YoY) – outperforming historical peak in FY2019 by 17%; • Industrial ranked as 2nd highest sales contributor (~25%) in FY2022, mainly from Bandar Bukit Raja & Hamilton Nilai City FY2022 Sales Achieved Sales Achieved By
Slide 11: 5-Year Unbilled Sales Performance
5-Year Unbilled Sales Performance • Unbilled sales recorded at RM3.6b or 1.7x cover ratio on the back of strong sales momentum in FY2022; • Secured earnings visibility across the next three financial years RM3,562.6m as at 31 December 2022 4,000.0 2.0 1.7 By Property Development Type 1.8 3,500.0 Tow
Slide 12: Segmental Revenue and PBT Analysis for FY2022
Segmental Revenue and PBT Analysis for FY2022 • Property Development segment remained as the key revenue and profit contributor in FY2022; • IAM segment recorded marginal PBT due to fair value loss adjustment; • Leisure segment has returned to profitability in FY2022 Revenue PBT RM2,742.1 million RM
Slide 13: Property Development Inventories as at 31 December 2022
Property Development Inventories as at 31 December 2022 • Completed inventories (in carrying value) decreased by 16% in FY2022 to RM277.2m • In terms of GDV, completed and incoming completed inventories only comprised of ~19% of total inventories of RM2.6b Inventories in Carrying Value Stocks in GDV
Slide 14: Land Bank Management Update
Land Bank Management Update Pace of land activation continue to accelerate as at FY2022 in-tandem with our growth aspirations to unlock greater value Land Activation Industrial Townships Activation In acres FY2022 Launched Remaining Remaining GDV FY2019 FY2020 FY2021 FY2022 GDV (RM mil) Acreage* (RM
Slide 15: FY2022 Residential Launches
FY2022 Residential Launches • Residential landed products of RM1.1b in GDV were launched & contributed 41% of the total GDV launched of RM2.6b • Residential high-rise products of RM324m in GDV were launched Dayana 2 Phase 2, Nilai Impian 100% Anggun 2, Bandar Ainsdale 100% East 57, KL East 100% 78 u
Slide 16: FY2022 Industrial Launches
FY2022 Industrial Launches Industrial products was the highest GDV contributor (46% or RM1.2b GDV) of total GDV launch of RM2.6b XME BUSINESS PARK, NILAI IMPIAN 2 ELMINA BUSINESS PARK SERENIA INDUSTRIAL PARK XME Phase 2B 100% Twin Factories 3 100% CU-1 (Industrial Lots) 75% 27 units | RM76.2m | Mar
Slide 17: Battersea Power Station
Property Battersea Power Station 17
Slide 18: Battersea Power Station
Battersea Power Station • Completed and handed over >600 units of apartments in Phase 2 & 3A worth £1.1 billion • Repatriation of funds from the BPS project of £90.0m (RM485.8 million) Phase 1 Corporate Achievements in 2022 Completed 1 Successful redevelopment after 10-year restoration & officially
Slide 19: Sustainability
Barby Property Sustainability 19
Slide 20: Sustainability Highlights
Sustainability Highlights Strengthening our sustainability commitment in Urban Biodiversity and continuously building sustainable townships and communities Elmina Rainforest Knowledge Centre (“ERKC”) – a hub to promote forestry research, conservation, education & recreation ▪ Officially launched in
Slide 21: Corporate Social Responsibility
Corporate Social Responsibility Delivering our CSR commitments through Yayasan Sime Darby to create social impact that benefits deserving recipients ▪ Yayasan Sime Darby (YSD) is the philanthropic arm of Sime Darby Property along with Sime Darby Plantation and Sime Darby Berhad ▪ The Foundation's ac
Slide 22: Market & Sector Outlook
Si Property Market & Sector Outlook 22
Slide 23: Malaysian Economy & Sector Outlook
Malaysian Economy & Sector Outlook • Q1 2023’s GDP grew by 5.6%; full year GDP to moderate to 4% - 5% in 2023 driven by domestic growth; • Property sector to remain steady in 2023 with growth expected to moderate in-line with the economy; Industrial property market is set to expand further Overnight
Slide 24: Our Strategy Moving Forward
Our Strategy Moving Forward 24
Slide 25: Total Shareholder Return & Share Price Performance
Total Shareholder Return & Share Price Performance • SD Prop’s 1-Year TSR (3 Jan 2022 – 30 Dec 2022) of -27.0% impacted by economic and market uncertainties • Average share price in FY2022 stood at RM0.511 with average median volume traded amounted to 2.62 mil shares 1-Year Total Shareholder Returns
Slide 26: Dividend Payout Trend
Dividend Payout Trend Declared total dividend of 2 sen per share for FY2022, translating to dividend yield of 4.4% and payout ratio of 43.1% Historical Dividend Payment & Payout Ratio sen 5.0 sen 1.0 sen 3.0 sen 1.0 sen 1.0 sen 2.0 sen Div. Yield (%)* 4.2 1.0 3.3 1.5 1.7 4.4 FY2022: Declared total d
Slide 27: Our Transformation Journey: SHIFT25
Our Transformation Journey: SHIFT25 Strategy remains intact; focus on execution of our plans towards becoming a Real Estate Company ENGINES OF GROWTH STRATEGY ENGINE 1 Core Business ❖ Business as usual – current source of revenues, profit, cash ❖ Maximising Core’s potential via growth in township an
Slide 28: Guidance for FY2023
Guidance for FY2023 The Group aims to sustain its strong momentum forward into FY2023 while navigating market headwinds to progress towards our aspirations and deliver greater returns for shareholders ≤ 10% Maintaining Strong RM3.0b RM2.3b 20% - 25% Completed Stocks Financial Discipline Diversified
Slide 29: Thank You
Sime Darby Property Berhad 197301002148 (15631-P) Thank You No. 2, Jalan PJU1A/7A Ara Damansara 47301, Petaling Jaya Selangor, Malaysia simedarbyproperty.com
Sime Darby Property Berhad — Shareholder Meeting (May 2023) on 6ix