Sunway Bhd. · MYX:SUNWAY
Sunway Bhd — Credit Suisse 14th ASEAN Conference 2023
51 slides from Sunway Bhd's conference presentation, January 2023
Slide 1: Credit Suisse 14th ASEAN Conference 2023 - Sunway Berhad
CREDIT SUISSE 14th ASEAN CONFERENCE 2023 SUNWAY BERHAD January 2023
Slide 2: Sunway Group at a Glance
Sunway Group at a Glance
Slide 3: Sunway Group at a Glance
Sunway Group at a Glance 13 >50 Business Locations Sunway Group is one of Malaysia’s largest divisions worldwide conglomerates founded in 1974. Core Business Divisions Property Healthcare Construction Property Retail Hospitality Development Investment & REIT Listed on the Main Market of Bursa Malays
Slide 4: One of Malaysia's Largest Conglomerate
One of Malaysia’s Largest Conglomerate • Sunway Bhd was reclassified from the Properties to Trading/Services sector on Bursa Malaysia on 16 June 2017 to reflect Sunway’s strategic ambition to grow its non-property related businesses. • On 24 September 2018, Sunway Bhd was reclassified to the Industr
Slide 5: Key Financial Information
Key Financial Information
Slide 6: Key Performance Highlights
Key Performance Highlights Financial year ended 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Share Price (RM) 2.38 2.72 3.29 3.08 3.03 1.63* 1.47 1.80 1.61 1.72 Adjusted Share Price (RM) 0.84 1.10 1.33 1.28 1.26 1.63 1.47 1.80 1.61 1.72 No of Shares (billion) 1.29 1.72 1.73 1.80 2.06 4.92 4.92
Slide 7: Sound Balance Sheet
Sound Balance Sheet Sunway Berhad 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20 31-Dec-21 (RM mil) Audited Audited Audited^ Audited^ Audited^ Audited^ Audited^ Audited Paid-up share capital 1,730.6 1,799.8 2,063.1 5,370.6 5,379.4 5,393.7 5,393.7 5,393.9 Share premium & 5,397.
Slide 8: Yearly Segmental Performance
Yearly Segmental Performance Revenue Profit Before Tax 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 (RM mil) Audited^ Audited^ Audited^ Audited^ Audited Audited^ Audited^ Audited^ Audited^ Audited^ Property 935.3 619.6 545.9 494.6 625.7 242.0 173.2 228.5 291.9 154.1 Development Property 784.2 8
Slide 9: Quarterly Segmental Performance (1/2)
Quarterly Segmental Performance (1/2) Revenue Profit Before Tax Quarter (Q3) Year to date (Sept) Quarter (Q3) Year to date (Sept) (RM mil) 2019 2021 2022 2019 2021 2022 2019 2021 2022 2019 2021 2022 Property Development 126.2 197.1 278.1 327.7 441.6 722.7 59.0 44.6 35.8 129.1 88.2 84.9 Property Inve
Slide 10: Quarterly Segmental Performance (2/2)
Quarterly Segmental Performance (2/2) Revenue Profit Before Tax Quarter (Q3) Year to date (Sept) Quarter (Q3) Year to date (Sept) (RM mil) 2019 2021 2022 2019 2021 2022 2019 2021 2022 2019 2021 2022 Property Development 126.2 197.1 278.1 327.7 441.6 722.7 59.0 44.6 35.8 129.1 88.2 84.9 Property Inve
Slide 11: Performance Analysis
Performance Analysis FYE 2012 FYE 2013 FYE 2014 FYE 2015 FYE 2016 FYE 2017 FYE 2018 FYE 2019 FYE 2020 FYE 2021 Adjusted Sunway Share Price (RM) 0.85 1.12 1.36 1.31 1.29 1.63 1.47 1.80 1.61 1.72 % change -7% 32% 21% -4% -2% 26% -10% 22% -11% 7% % change (2021 vs 2012) 102% FBM100 index 11,302.39 12,5
Slide 12: Property Development
Property Development
Slide 13: 2022 Launches - Malaysia
2022 Launches - Malaysia Jernih Residence Sunway Alishan Residences Sunway d’hill Residences (Tower 2) Location Kajang, Selangor Cheras, Kuala Lumpur Wangsa Maju, Kuala Lumpur GDV RM 281m RM 261m RM 322m Type Serviced Residence Condominium & Superlinks Serviced Residence Units 643 240 condo units an
Slide 14: 2020 - 2021 Launches - Malaysia
2020 - 2021 Launches - Malaysia Updated as at 02 January 2023 Sunway Velocity TWO Sunway d’hill Residences Sunway Belfield Sunway Artessa (Tower C & D) (Tower 1) Location Jalan Belfield, Kuala Lumpur Jalan Peel, Kuala Lumpur Kota Damansara, Kuala Lumpur Wangsa Maju, Kuala Lumpur Tower C: RM 355m GDV
Slide 15: 2020 & 2021 Launches – International
2020 & 2021 Launches – International Updated as atasNovember Updated at 14 Feb 2021 2022 Parc Canberra Ki Residences Parc Central Residences Sunway Gardens Phase 3A Location Canberra Link, Singapore Clementi, Singapore Tampines, Singapore Tianjin, China SGD 530 million SGD 1.1 billion SGD 885 millio
Slide 16: Planned Launches and Sales Target for 2022
Planned Launches and Sales Target for 2022 Effective Launches Launches Effective Sales Sales 3.2 bil China TARGET 12% 2.6bil 2.7 bil 2.3 bil 2.1 bil 2.2 bil 2.4 bil Malaysia 1.9 bil 1.9 bil 2.1 bil 59% 2.0 bil 1.55 bil 1.7 bil 2022 1.6 bil 1.6 bil 1.2 bil 1.3 bil Launches 1.1 bil 981 mil 782 mil Sin
Slide 17: Strategic Landbank Acquired 2020 - 2022
Strategic Landbank Acquired 2020 - 2022 Date Location Tenure Land size Purchase GDV^ Proposed (acres) Consideration^ development 2022 Next to Sunway Velocity 2, January 2022 Leasehold 5.50 9.7 Approx. 1,200 Serviced Apartments Cheras, Kuala Lumpur 2021 Approx. 2,000 Tanjong Katong, SG Luxury private
Slide 18: Multiple Strategic Locations
Multiple Strategic Locations Remaining Landbank Others Singapore RM 1.6B RM 8.5B 3% Total 14% • 3,295 acres Landbank Klang Valley RM 16.8B Penang 28% RM 3.2B Total GDV • RM59.3 billion 6% RM59.3 bil Effective GDV • RM39.3 billion Johor Development RM 29.2B • Up to 15 years Period 49% Klang Valley Jo
Slide 19: Healthcare
Healthcare
Slide 20: Hub & Spoke Model Growth Strategy
Hub & Spoke Model Growth Strategy ✓ Ability to generate cross- referrals from network hospitals to maximise utilisation and drive tertiary and quaternary care patients to SMC Sunway City. ✓ Stronger ability to attract best doctors on the back of greater patient volumes driven by the network. ✓ Centr
Slide 21: Sunway Healthcare Group at a Glance
Sunway Healthcare Group at a Glance Introduction • A leading integrated private healthcare group with a network of hospitals and health services in Malaysia • Following the success of the flagship hospital Sunway Medical Centre Sunway City which opened in 1999, a second tertiary hospital, Sunway Med
Slide 22: Hospital Expansion Plans in Malaysia
Hospital Expansion Plans in Malaysia Under Construction New Medical Centres in the Pipeline Sunway Medical Centre Sunway Medical Centre Ipoh, Sunway Medical Centre Kota Damansara, Selangor Perak Bharu, Kelantan Potential capacity of Potential capacity of Potential capacity of ~336 Beds ~260 Beds ~20
Slide 23: Healthcare – Awards & Accolades
Healthcare – Awards & Accolades 2022 2021 Sunway Medical Centre Sunway Medical Centre Hospital of the Year – Malaysia Smart Hospital Initiative of the Year - Malaysia Asia-Pacific Healthcare and Hospital 2021 Frost & Sullivan Asia Pacific Awards 2021 Best Practices Awards Organized by Global Health
Slide 24: Property Investment & REIT
Property Investment & REIT
Slide 25: One of a Leading Diversified REIT in Malaysia
One of a Leading Diversified REIT in Malaysia Overall Snapshot Market Cap (as at 30 Dec 2022) RM5.00 billion DPU (YTD 20211) 6.10 sen Property Value (as at 31 Dec 2021) RM8.74 billion Annualised Yield (as at 31 Dec 2021) 2.9% Net Property Income (FP 20211) RM457.1 million Gearing 37.2% More than 75%
Slide 26: Portfolio Value Creation since IPO
Portfolio Value Creation since IPO Total Acquisition of RM2.5 billion1 since IPO 1 Includes acquisition of Sunway Pier and Sunway REIT Industrial – Petaling Jaya 1 (to be completed in 2H2022) Sunway Sunway REIT Sunway IPO Medical Centre Industrial university and 8 Assets (Tower A & B) Wisma Sunway S
Slide 27: Investment Properties
Investment Properties Sunway City KL Sunway Velocity KL Sunway Geo Velocity Mall Medical Velocity V Office Visio Tower Tower Centre Hotel Velocity Type 17-storey office Shopping Hospital Hotel 10-storey 15-storey tower Mall integrated office tower office/retail GDV RM120 mil RM1.6 bil RM260 mil RM14
Slide 28: Investment Properties
Investment Properties Sunway City Iskandar Puteri Sunway Big Box Retail Park Sunway Big Box Hotel Type Shopping mall 4-star hotel GDV RM250 mil RM160 mil GFA 500k sq ft 284 rooms Complet’n Q4 2019 Q3 2021 28
Slide 29: Investment Properties
Investment Properties Education Buildings Co-living units Monash University Sunway House Waterfront Sunway Monash-U Residences Malaysia Residence Location Sunway City Kuala Lumpur Tertiary education Co-living units under rent-to-buy Description Student accommodation institutes scheme NBV RM300 mil R
Slide 30: Hospitality
Hospitality Hotels Under Management (Klang Valley) Sunway Resort Sunway Pyramid Hotel Sunway Clio Hotel Sunway Putra Hotel Location Bandar Sunway Bandar Sunway Bandar Sunway Kuala Lumpur 439 rooms, 5-star 564 rooms, 4.5-star 401 rooms, 4-star 650 rooms, 5-star Rooms hotel hotel hotel hotel Occ Rate
Slide 31: Hospitality
Hospitality Hotels Under Management (Penang & Johor) Sunway Hotel Seberang Jaya Sunway Hotel Georgetown Location Seberang Jaya, Penang Georgetown, Penang Rooms 202 rooms, 4-star hotel 250 rooms, 4-star hotel Occ Rate 71% 59% ARR RM 204 RM 221 31
Slide 32: Hospitality
Hospitality Hotels Owned & Managed by Sunway Berhad Sunway Lost World Banjaran Hotsprings Sunway Hotel Phnom Sunway Hotel Hanoi Hotel Retreat Penh Location Ipoh, Perak Ipoh, Perak Phnom Penh, Cambodia Hanoi, Vietnam Rooms 174 rooms, 3-star 44 rooms, 5-star retreat 138 rooms, 4-star hotel 143 rooms,
Slide 33: Leisure Theme Parks
Leisure 2 Theme Parks Sunway Lagoon Lost World of Tambun Location Sunway City Kuala Lumpur Sunway City Ipoh Intro Malaysia’s first and the largest Premier water First themed water park that provides hotsprings in theme park Malaysia Area 88 acres 40 acres Awards Winner of Asia’s Best Attraction Awar
Slide 34: Other Business Units
Other Business Units
Slide 35: SunCon - Fully Integrated Business Model
SunCon - Fully Integrated Business Model ▪ Design and construction service provider ▪ Roads, highways, airports, bridges and rail specialising in Building Information transportation infrastructure projects over Modeling System (BIM /VDC) the last 30 years ▪ International portfolio includes projects
Slide 36: Construction Order Book – RM 4.0 billion
Construction Order Book – RM 4.0 billion 36
Slide 37: Trading and Manufacturing
Trading and Manufacturing Hydraulic Hydraulic Hoses & Hoses Fittings ▪ Strong own branding – Fittings “SunFlex” • 23 operating companies with offices & Undercarriage Complete Engine warehouses in 40 locations across 7 Frame Undercarriage Parts countries Heavy • 200 agency lines Equipment • Over 13,0
Slide 38: Building Materials
Building Materials Interlocking Concrete Pavers ◼ Malaysia’s largest producer of interlocking concrete pavers ◼ Annual Production Capacity: – Current: 3.0 mil m2 ◼ Complete coverage of Peninsular and East Malaysia with plants in Batang Kali, Nibong Tebal, Senai, Marang and Kota Kinabalu ◼ Market sha
Slide 39: Quarry
Quarry Aggregates ◼ Re-entered Malaysian quarry business in 2005 ◼ Expanded to current 6 quarries located in Kajang, Rawang, Cheras, Kuala Kangsar, Semenyih and Melaka ◼ Increased to 8 quarries with the acquisition of Blacktop in March 2019. The transaction was completed on 1 July 2020. Acquired bal
Slide 40: ESG at Sunway
ESG at Sunway
Slide 41: Advancing ESG at Sunway
Advancing ESG at Sunway ▪ Sunway Group is a strong advocator of ESG practices in its business model which has proven to enhance the value creation to its stakeholders. ▪ The Group commits to aligning ESG practices with the internationally renowned 17 United Nations Sustainable Development Goals (UNS
Slide 42: Advancing ESG at Sunway
Advancing ESG at Sunway 9) Sunway aims to be carbon neutral by 2050 SUNWAY CITY KUALA LUMPUR ECONOMIC DIMENSION INTERNET ACCESS + Free Wi-Fi on SunwayNet + MSC Status + Digital Hub TRANSIT-ORIENTED DEVELOPMENT + Convenient access (within 0.5 km) to public transportation including Sunway City Kuala L
Slide 43: Key Takeaways
Key Takeaways o Leading conglomerate with multiple diversified and synergistic businesses in Leading Malaysia Conglomerate o Market leader in respective segments with a proven track record o Strong brand heritage o Organic growth in Healthcare, enhanced by collaboration with Harvard, Oxford and Camb
Slide 44: Appendix
Appendix
Slide 45: Proven Integrated Township Developer
Proven Integrated Township Developer Sunway City Kuala Lumpur • Retail • Commercial • Education • Healthcare • Hospitality • Theme Park • Residential • Industrial • • Malaysia’s 1st BEFORE integrated township with 8 components. • Attracts more than 42 million visitations p.a. through its shopping ma
Slide 46: Sunway City Iskandar Master Plan
Sunway City Iskandar Master Plan 46
Slide 47: Close proximity to Second Link Highway
Close proximity to Second Link Highway 47
Slide 48: Sunway City Iskandar Strategic Location
Sunway City Iskandar Strategic Location JB-SG RTS Link 48
Slide 49: Sunway City Iskandar Developments
Sunway City Iskandar Developments Sunway Citrine Residences Sunway Citrine Lakehomes Sunway Big Box Hotel Sunway Emerald Boulevard Sunway Big Box Retail Park SJK (C) Cheah Fah 49
Slide 50: Jewel Landbanks in Iskandar Malaysia
Jewel Landbanks in Iskandar Malaysia 1 2 Coastal Highway Southern Link Location Medini Iskandar Pendas, Johor Area 691 acres (280 hectares) 1,079 acres (437 hectares) • 99 yr lease: Up to RM745.3 mil Purchase • Up to RM503.4 million • 30 yr lease ext: RM74.5 mil (10%) Consideration • RM10.71 psf • R
Slide 51: Thank You
Thank You Email : irsunwayberhad@sunway.com.my Website : www.sunway.com.my This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic con
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