S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — Q1 2025 Earnings Presentation
30 slides from S P Setia Bhd's earnings presentation, May 21, 2025
Slide 1: Financial Results & Group Update
Bandar Setia Alam Financial Results & Group Update For financial year ended 31 March 2025 21 May 2025
Slide 2: Q1 '25 At a Glance
Q1 ‘25 At a Glance RM718 mil Sales RM370 mil RM771 mil RM141 mil RM8.4 bil Property Bookings Revenue Profit Before Tax Borrowings Progressive growth towards Solid domestic Operational efficiency Disciplined approach in FY 2025 sales target of and effective cost debt management demand RM 4.80 bil man
Slide 3: Key Financial Highlights
Key Financial Highlights Positive earnings & a leaner Balance Sheet – Driven by operational efficiency and effective cost management SALES REVENUE PBT RM 718 mil RM 771 mil RM 141 mil (Q1’24: RM1,420 mil) (Q1’24: RM1,476 mil) (Q1’24 : RM181 mil) NET PAT BORROWINGS GEARING RM 89 mil RM 8.4 bil 0.35x
Slide 4: Debt Reduction & Profit Growth
Debt Key Reduction & Profit Growth Focus Sustainable profit with optimal debt level – balancing capital allocation & portfolio growth RM12.97bil RM 4.2 bil Peak debt Jul 21 debt reduction Actual Profit within 3 years Net 0.61 Gearing 0.57 12.6 11.4 0.49 0.35 10.1 0.35 576 8.6 570 8.4 304 299 284 202
Slide 5: Financial Performance
Financial Performance Setia
Slide 6: Q1'25 Sales Performance
Q1’25 Sales Performance Strong Domestic Contribution: RM489 mil i.e. 68% of Sales Sales (RM’mil) Sales breakdown by geography -49% 1,420 QoQ International RM229 mil (32%) Malaysia: Central 731 RM284 mil Sales (40%) 718 Q1’25 Land Management 718 mil 134 Malaysia: Alam Damai RM 134 mil Northern RM RM1
Slide 7: Q1'25 Revenue Performance
Q1’25 Revenue Performance Moderate revenue growth driven by core domestic contributions and strategic land management Revenue (RM’mil) Revenue breakdown by region Property Development Land Management -28% -48% International RM23 mil QoQ YoY (3%) 1,476 1,064 425 Revenue Q1’25 189 771 771 67 67 RM 771
Slide 8: Q1'25 PBT Performance
Q1’25 PBT Performance Domestic – Central* region was the main contributor to Q1’25 PBT PBT (RM ’mil) PBT breakdown by region International -48% -22% -RM27 mil QoQ YoY 269 181 PBT Q1’25 141 141 141mil RM Domestic Q4'24 Q1'25 Q1'24 Q1'25 RM168 mil Profit Before Tax (PBT) *Central RM106 mil YoY: The dr
Slide 9: Q1'25 Net Gearing
Q1’25 Net Gearing Debt reduction of RM4.2 bil since peak 2021 level – effective debt management & capital allocation RM12.97bil 0.61 RM 4.2 bil Peak debt 14.0 July’21 0.57 debt reduction 0.6 12.6 0.49 within 3 years 12.0 0.5 0.45 11.4 0.41 10.0 0.4 Net gearing (ratio) 10.1 0.35 0.35 0.35 9.7 9.4 RM'
Slide 10: Operational Updates
Operational Updates Setia 10
Slide 11: Land banks
Land banks We have 5,364 acres of remaining land banks with a total gross GDV of RM120.06 bil as at 31 Mar 2025 Eastern International Eastern, 43.7 acres, 0.8% International, 56.0 acres, 1.0% (GDV: RM3.1 bil, 2.6%) 44 acres, 1% 35 acres, (GDV: RM35.11% bil, 29.2%) Southern, Southern 1,064 20.5% 1,09
Slide 12: Unbilled Sales as at Mar 2025
Unbilled Sales as at 31 Mar 2025 Providing core development revenue visibility in the short to medium term Australia RM585 mil Vietnam (16%) RM71 mil (2%) Unbilled Sales RM 3.75 bil Malaysia Unbilled Sales as at 31 Mar 2025 • Central – RM 2,422 mil • South – RM 498 mil • North – RM 178 mil Malaysia
Slide 13: Planned Launches 2025 (GDV)
Planned Launches 2025 (GDV) RM5.1 bil in property development and RM300 mil industrial launches to fuel FY2025 performance 1 Northern 4 International RM Million 616 RM Million 419 2 Central RM Million 3,174 3 Southern RM Million 1,227 *No. 2: Central – Including launches of Setia Alaman (industrial)
Slide 14: Strategic Focus
Strategic Focus Future revenue pipeline 2025-2029 14
Slide 15: Cumulative Target GDV: RM 15 bil
Cumulative Target GDV : RM 15 bil Northern : Setia Fontaines Central : Setia Alaman Southern : Tanjung Kupang 414 ACRES 399 ACRES 307 ACRES TARGET GDV RM 3.0 bil TARGET GDV RM 4.0 bil TARGET GDV RM 8.0 bil (2026 - 2034) (2024 - 2029) (2025 - 2031) 8 YEARS 6 YEARS 7 YEARS *Artist ‘s Impressions 15
Slide 16: Setia City Commercial Centre X Setia Alaman Industrial Park
Setia City Commercial Centre X Setia Alaman Industrial Park 16
Slide 17: Powering Profit
2 Powering Profit Setia Alaman Phase 1: Sold Out/in Advanced Total Available Negotiations: 213 Acres Lands in Setia City: Total future development: 75.3 Acres 186 Acres gy ani om i= V/F <& Se cecal
Slide 18: Key Focus 2025
Key Focus 2025 Township Industrial Regional Investment Properties
Slide 19: Subang Airport KLCC Setia Alam
Westcoast Highway Subang Airport KLCC Setia Alam NKVE Highway Setia Ecopark Setia Alaman Petaling Jaya Federal Highway Shapadu Highway Shah Alam Klang Northport Elite Highway Kesas Highway Putrajaya Westport To KLIA ↓ 19
Slide 20: Setia Alaman: Powering the Nation
Setia Alaman: Powering the n “Industrial growth in Ld
Slide 21: Setia City: Where Life, Work & Leisure Converge
Setia City: Where Life, Work & Leisure : Converge “Setia City provides lifestyle, housing & services for Setia Alaman’s workforce”
Slide 22: Setia City: From Vision to Reality
SETIA CITY : From Vision to Reality • Setia City anchors the 4,000-acre Bandar Setia Alam as its vibrant urban heart. • Spanning 240 acres, it blends lifestyle, business, and leisure in one integrated hub. • Home to a major mall, public park, offices, and residences—crafted for balanced modern livin
Slide 23: ESG Elements
ESG Elements : oh) Wa QQ29 Dedicated Cycling Lane Direct Link to Port Klang, ‘&KLIA 2 aa for oly Wide Access Road EV Charging Station
Slide 24: Powering The Surge of Growth
Powering The Surge of Growth Year Qty of Plots Land Plots 2023 11 189 mil 2024 24 466 mil Total 35 655 mil Setia Regional Setia Alaman X 4 Setia Alam Township Setia Investment 4 km Properties 3 4 km Setia Industrial 2 Setia Township F1 mindset 1 24
Slide 25: Summary
Summary 25
Slide 26: Summary Q1'25
Summary Q1’25 We continue to pursue growth across our wide-ranging portfolio across domestic and international markets, responding to market demands and persevering through the challenging global business environment. RM 718 mil RM 771 mil RM 141 mil RM8.4 bil Sales Revenue Profit Before Tax Borrowi
Slide 27: Setia – Sustainable Growth
Setia Key – Sustainable Growth Focus Profit Growth Dividend Growth (RM’mil) (Sen/share) Strategic Focus & operational excellence F1 Mindset - Teamwork 27
Slide 28: Team
Team 28
Slide 29: Thank You
Summary Setia SPICE Convention Centre, Penang Thank You Setia Fontaines, Pulau Pinang Setia Alaman Industrial Park, Klang, Selangor Sapphire bv the Gardens, Melbourne, Australia 29
Slide 30: Disclaimer
Disclaimer This presentation contains certain statements which are forward-looking in nature, which are subject to uncertainties and contingencies. Forward-looking statements may contain estimates and assumptions made by Setia’s Management after due inquiry, which are nevertheless subject to known a