S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — H1 2021 Earnings Presentation
51 slides from S P Setia Bhd's earnings presentation, Aug 18, 2021
Slide 1: Financial Results & Group Update
FINANCIAL RESULTS & GROUP UPDATE FOR SIX MONTHS ENDED 30 JUNE 2021 18 August 2021
Slide 2: Highlights of Half Year Results
HIGHLIGHTS OF HALF YEAR RESULTS Solid Sales Performance for 1H FY2021 amidst extended Covid-19 pandemic ❑ Strong sales performance of RM2.71 billion as reflected in the results. ❑ Demand for residential properties - gained traction and good take up rate on new launches. ❑ Achieved Revenue of RM2.14
Slide 3: Focus Areas in FY2021
FOCUS AREAS IN FY2021 ❑ Continue to achieve sales target ❑ Strengthen our capital structure ❑ Optimise landbanks utilisation ❑ Capex optimisation – delay hospitality assets amidst travel bans ❑ Increase usage of IBS for both landed & high-rise ❑ Accelerate our Digital Transformation journey ❑ Embrac
Slide 4: Economic Recovery Plan
ECONOMIC RECOVERY PLAN Cumulative sum of RM530 billion to-date out of 7 stimulus packages Malaysia’s series of stimulus packages 1 2 3 4 5 6 The Home Ownership Campaign (“HOC”) was reintroduced as part of PENJANA The Government has reintroduced the HOC 2020 on 5 June 2020 as part of the PENJANA pack
Slide 5: Sales Performance for First Half of FY2021
SALES PERFORMANCE FOR FIRST HALF OF FY2021 Resilient sales amid challenging market SALES International, 639 , 23% Local 76% International 24% Sales from HOC Eastern, Sales of RM995 million (22), -1% RM 2,713 48% of Local Sales Northern, million Sales from Completed 167 , 6% Inventories : RM425 milli
Slide 6: Holistic Approach to Buyers' Journey in the New Norm
HOLISTIC APPROACH TO BUYERS’ JOURNEY IN THE NEW NORM Digital Platforms Strong Branding 6
Slide 7: S P Setia's Digital Platform
S P SETIA’S DIGITAL PLATFORM Reaching out to property buyers via various digital communication platforms Setia Online Booking Online live balloting Enable buyer to register and participate in balloting event and unit selection Accessing the online booking platform on your desired property website Se
Slide 8: 97% Take Up for Eco Lakes Villa & Semi-D
97% TAKE UP FOR ECO LAKES VILLA & 2&3 STOREY SEMI-D R4A-P1&P2 January 2021 97% take-up R4A P1 & P2 Type: Villa & 2&3 Storey Semi-D Lot Size: 1,223 – 1,891 sft Built-up Area: 2,549-5,594 sft Price Range: from RM810,000 – RM1.73 mil No. of units: 110 Artist Impression of Legasi 2 environment 8 8
Slide 9: 87% Take Up for Setia Alamimpian 2-Storey Terrace
87% TAKE UP FOR SETIA ALAMIMPIAN 2-STOREY TERRACE (Ph A3-07 MELODIA 1) January 2021 87% take-up Artist Impression: Melodia 1 MELODIA 1 (Phase A3-07) Type: Double storey terrace house Lot Size: 22’ x 75’ Built-up Area: 1,650 sq ft Price Range: from RM650,000 onwards Artist Impression: Melodia 1 front
Slide 10: 70% Take Up for Setia Bayuemas 2-Storey Terrace
70% TAKE UP FOR SETIA BAYUEMAS 2-STOREY TERRACE – CARISSA March 2021 70% take-up CARISSA Type: Double storey terrace house Lot Size: 24’ x 70’ ; 24’ x 75’ ; 26’ x 70’ ; 26’ x 75’ Built-up Area: 1,916 – 2,018 sq ft Price Range: from RM680,000 – RM915,000 No. of units: 82 10
Slide 11: 100% Take Up for Setia Alam 2-Storey Terrace Plenum
100% TAKE UP FOR SETIA ALAM 2-STOREY TERRACE – PLENUM March 2021 100% take-up PLENUM Type: Double storey terrace house Lot Size: 22’ x 70’ Built-up Area: 2,080 – 2,516 sq ft Price Range: from RM778,000 – RM1.17 mil No. of units: 62 11
Slide 12: 72% Take Up for Setia Ecohill 2 Terrace Acorus
72% TAKE UP FOR SETIA ECOHILL 2 2 STOREY TERRACE – ACORUS March 2021 72% take-up ACORUS Type: Double Storey Terrace House Lot Size: 20’ x 65’ Built-up Area: 1,401 sq ft onwards Price Range: from RM463,000 onwards No. of units: 69 12
Slide 13: 100% Take Up for Setia Alam Semi-Detached Doshia
100% TAKE UP FOR SETIA ALAM 2 STOREY LINKED SEMI-DETACHED DOSHIA April 2021 100% take-up DOSHIA Type : 2 Storey Semi-D Lot Size: 32’ x 75’ Built-up Area: 2,529-2,844 sft Price Range: from RM1.093 mil - RM1.490 mil No. of units: 48 Artist Impression of Legasi 2 environment 13 13
Slide 14: 95% Take Up for Setia Alam Link House Croceus
95% TAKE UP FOR SETIA ALAM 2-STOREY LINK HOUSE CROCEUS May 2021 95% take-up CROCEUS Type: Double Storey Link House Lot Size: 20’ x 70’ Built-up Area: 1,910 – 2,376 sq ft Price Range: from RM733,000 – RM1.196 mil Artist Impression: Melodia 1 front facade No. of units: 113 Virtual Teams meeting with b
Slide 15: 93% Take Up for Bandar Kinrara Semi-Detached Anggun 3
93% TAKE UP FOR BANDAR KINRARA 2-STOREY SEMI DETACHED – ANGGUN 3 (Ph. 7A8A-2) May 2021 93% take-up ANGGUN 3 Type: Double Storey Semi- Detached Lot Size: 40’x80’ Built-up Area: 3,040 sq ft Price Range: from RM2,085,000 No. of units: 28 15
Slide 16: 71% Take Up for Setia Ecohill 2 Terrace Acorus 2
71% TAKE UP FOR SETIA ECOHILL 2 2 STOREY TERRACE HOUSE – ACORUS 2 May 2021 71% take-up ACORUS 2 Type: Double Storey Terrace House Lot Size: 20’ x 65’ Built-up Area: 1,401 sq ft onwards Price Range: from RM466,000 onwards No. of units: 62 16
Slide 17: Financial Highlights
FINANCIAL HIGHLIGHTS RESILIENT PERFORMANCE…
Slide 18: Financial Highlights
Financial Highlights YTD 6 Months y-o-y analysis Group Sales Group Revenue Group PBT 210% 107% 306 % 2,713m 92 2,136m 301m 9 - 18 538 14 278 1,034m 875m 20 282 2,074 4 74m 27 1,844 15 89 69 983 97 702 (23) 2Q20 2Q21 2Q20 2Q21 1Q20 1Q21 Malaysia Singapore Australia Vietnam Operational Profit Operatio
Slide 19: Financial Highlights
Financial Highlights Resilient performance Profit & Loss (RM million) Q2 2021 FY2020 FY2019 Revenue 2,136 3,228 3,929 Gross Profit 537 657 1,016 Gross Profit Margin 25.2% 20.4% 25.9% Gross Profit – Excluding one off item 536 797 @ 944 # Gross Profit Margin – Excluding one off item 25.1% 24.7% 27.8%
Slide 20: FY2021 Business Strategies
FY2021 BUSINESS STRATEGIES Strengthening our Financials while Achieving Sales
Slide 21: Focus to Clear Stocks
FOCUS TO CLEAR STOCKS Setia V Alam Impian, Setia Sky88, Setia Ecohill, Setia Alam Aeropod, Kota Residences, Shah Alam Johor Semenyih Penang Kimabalu RM240mil RM101mil RM94mil RM75mil RM68mil RM49mil Strategy 1 : RIGHT PRICING & FINANCING PACKAGES Strategy 2 : TARGET MM2H BUYERS Reaching out to overs
Slide 22: Clearing of Unsold Stocks
CLEARING OF UNSOLD STOCKS Completed Inventories reduced by 21% in the last 12 months RM’Mil Completion of Setia Sky Vista at RM135 1,700 million in 3Q 2019 1,500 1,472 1,459 1,435 1,394 1,337 1,300 1,230 1,089 1,100 1,068 1,040 969 900 700 500 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Unsold
Slide 23: Strengthening Capital Structure & Optimizing Land Banks Utilization
STRENGTHENING OUR CAPITAL STRUCTURE & OPTIMIZING LAND BANKS UTILIZATION Disposal of selected banks 9 parcels of identified land banks measuring 1,295 acres Land size Location (acres) Central Region 1. Kenny Hills, Kuala Lumpur (sold) 2. Medan Damansara, Kuala Lumpur 863.3 3, Glengowrie, Semenyih, Se
Slide 24: Township Relaunch / Rebranding
TOWNSHIP RELAUNCH / REBRANDING Setia AlamImpian, Shah Alam Bayuemas, Klang Located 8km away from Shah Alam City Centre, 545-acres of skillfully planned pocket precincts with Alam Impian is set to be the next flagship township. promise of exclusivity to its homeowners. Total Land Size: 1,235 acres To
Slide 25: Extension of Existing Township
EXTENSION OF EXISTING TOWNSHIP Setia Alaman Setia Alamsari South A new 399 acres township development connected to 342 acres of natured inspired township with Setia Alam with GDV of RM4.2 bil GDV of RM3.9 bil 25
Slide 26: New Projects / Development
NEW PROJECTS / DEVELOPMENT Setia Federal Hill, Kuala Lumpur 52 acres land in the heart of Kuala Lumpur with total GDV of RM20.2 billion 26
Slide 27: IP Assets / Opening
IP ASSETS / OPENING Setia City Mall 2, Setia Alam Ecohill Walk, Semenyih Opening Date : 31-March-2021 Target Opening Date : Q1 2022 Good response during opening of Setia City Mall 2 27
Slide 28: Deferment of Hotel Opening
DEFERMENT OF HOTEL OPENING Amari Hotel, Penang Amari Hotel, KL Shangri-La Hotel, No of rooms : 453 rooms No of rooms : 252 Melbourne Original Opening date : Q3 2021 Original Opening date : Q2 2021 No of rooms : 494 rooms New Opening Date : Q1 2022 New Opening Date : Q2 2022 Original Opening date : J
Slide 29: Sales Target in FY2021
SALES TARGET IN FY2021 MEETING THE UNDERLYING DEMAND…
Slide 30: Sales Target in FY2021
SALES TARGET IN FY2021 Maintain Sales at RM3.80 billion International, SALES 566 , 15% Local 85% Eastern, International 15% 52 , 1% Northern, Sales HOC extended until 31-December-2021 336 , 9% Target RM3.80 billion Southern, Central, 588 , 16% 2,258 , 59% The Group is confident to achieve sales targ
Slide 31: Major Overseas Project Update
MAJOR OVERSEAS PROJECT UPDATE DELIVERING PROGRESS…
Slide 32: Battersea Power Station
BATTERSEA POWER STATION Side view Total GDV : GBP 9.3 bil 32
Slide 33: Battersea Power Station
BATTERSEA POWER STATION Master Plan Phase 1 – Completed 7 1 6 2 5 6 6 1 5 4 Phase 2 – Mar-Aug 2021 3A 3A Phase 4a 3A 4 Phase 3A – 3C 3C Nov 21 to Mar 22 3B NLE – 2021 (latest) 33
Slide 34: Battersea Power Station
BATTERSEA POWER STATION Phase 2 Site Progress Switch House East (SHE) Switch House West (SHW) New show unit Boiler House Garden Retail Space Park @ North Malaysia Square 34
Slide 35: Battersea Power Station
BATTERSEA POWER STATION Phase 3A Site Progress Hotel @ Foster Building Gehry Building 35
Slide 36: Northern Line Extension Progress
NORTHERN LINE EXTENSION (“NLE”) PROGRESS Expected to complete by end 2021 Platform Train Trial Run Operation NLE Eastern Entrance Control Room ready to operate 36 36
Slide 37: Battersea Power Station
BATTERSEA POWER STATION Focus to sell the remaining units of BPS. Expected completion of Ph2 in 3Q 2021 and Ph3a in 4Q 2021. Power Station Switch House West opens its doors to its first residents on 25-May-2021 Phase 2 Phase 3A (Power Station) (Electric Boulevard) Launched May 2014 Launched October
Slide 38: Construction Update in Australia
CONSTRUCTION UPDATE IN AUSTRALIA Site Progress Sapphire by the Gardens, Uno Melbourne Melbourne GDV AUD462 mil GDV AUD1,052 mil GDV AUD402 mil (Apartments) GDV AUD650 mil (Shangri-La Hotel) • 68.5% completed as at 30-June-2021 • 25.5% completed as at 30-June-2021 • Residential slab at level 39 • Sta
Slide 39: Singapore
SINGAPORE 3 Residential Developments with GDV of SGD 1.06 billion COMPLETED ON-GOING 1 3 Daintree Residence (GDV SGD 472 mil) 327 units along Toh Tuck Road 18 Woodsville (GDV SGD 120 mil) 101 units in Potong Pasir 2 COMPLETED 2 3 1 Site Progress as at 31-Mar 2021 Expected completion Q2 2022 Eco Sanc
Slide 40: Planned New Launches
PLANNED NEW LAUNCHES CENTRAL REGION Terrace Semi-D Terrace SETIA ALAM PRECINT ARUNDINA SETIA SAFIRO GDV: RM83m GDV: RM46m GDV: RM50m Semi-D Terrace Shop 3 Storey Lots Terrace SETIA MAYURI BAYUEMAS ALAM IMPIAN GDV: RM29m GDV: RM90m GDV: RM74m 40
Slide 41: Planned New Launches
PLANNED NEW LAUNCHES CENTRAL REGION Apartments 3 Storey Terrace Semi-D Terrace TEMASYA GLENMARIE BANDAR KINRARA BANDAR KINRARA GDV: RM130m GDV: RM54m GDV: RM49m Terrace Terrace Semi-D SETIA ALAMSARI ECOHILL ECOHILL 2 GDV: RM102m GDV: RM30m GDV: RM55m 41
Slide 42: Planned New Launches
PLANNED NEW LAUNCHES SOUTHERN REGION Semi-D 3 Storey Terrace Terrace Semi-D SETIA ECO GARDENS TAMAN PELANGI INDAH SETIA TROPIKA GDV: RM58m GDV: RM40m GDV: RM61m Commercial Commercial Shop Office TAMAN RINTING SETIA TROPIKA BUKIT INDAH GDV: RM59m GDV: RM29m GDV: RM63m 42
Slide 43: Planned New Launches
PLANNED NEW LAUNCHES NORTHERN REGION Semi D Bungalow Terrace SETIA FONTAINES GDV : RM327m 43
Slide 44: Highlights on Sustainability
Highlights on Sustainability
Slide 45: Sustainable & Smart Development (SSD)
Sustainable & Smart Development (SSD) Setia Eco Glades, Cyberjaya Setia Corporate HQ Setia City Convention Centre Green Building Index (GBI) certification first privately owned office and third building in first GBI certified Convention Centre criteria (Eco-Friendly paint, rainwater Malaysia to be c
Slide 46: D Network +
D Netwieerk + 46
Slide 47: Sustainability Highlights
Sustainability Highlights ➢ S P Setia Foundation has spent a total of RM76.75 million since year 2000 – Overall, it touched the lives of 16,400 children ➢ In FY2020, our contribution to the community benefitted 5,100 students and teachers #StandTogether Kindness Leadership Programme, participated by
Slide 48: Corporate Governance
Corporate Governance Strong Governance Safeguarding Stakeholders’ Interest • Being responsive and transparent in our business practices, the Group demonstrate our accountability and ensure long-term business growth. The Group also continue to act as early adopters of new regulations, best practices,
Slide 49: Unbilled Sales, Land Banks & GDV
UNBILLED SALES, LAND BANKS & GDV STRONG PIPELINE…
Slide 50: Unbilled Sales, Land Banks and Remaining GDV
UNBILLED SALES, LAND BANKS AND REMAINING GDV Unbilled Sales of RM10.30 billion is Supported by 7,483 acres of Remaining Land Banks and RM125.07 billion of Remaining GDV as at 30 June 2021 International, International, 299 , 4% 15.2, 12% Eastern, 53 , <1% Eastern, 3.3, 3% Remaining Remaining GDV Land
Slide 51: Thank You
66 Thank YOU,, A livelearnworkplay Setia