Sime Darby Property Bhd. · MYX:SIMEPROP

Sime Darby Property Bhd — Q2 FP2018 Earnings Presentation

18 slides from Sime Darby Property Bhd's earnings presentation, Feb 28, 2019

  1. Slide 1: Financial Period 2018 (FP2018) Results Announcement, Second Quarter Ended 31 December 2018

    Financial Period 2018 (FP2018) Results Announcement Second Quarter Ended 31 December 2018 28 February 2019

  2. Slide 2: Financial Performance

    Financial Period 2018 (FP2018) Financial Performance 2

  3. Slide 3: Second Quarter of FP2018 and Six Months Ended 31 December 2018

    Second Quarter of FP2018 and Six Months Ended 31 December 2018 6 Months 6 Months 31 In RM’m YOY % 2QFP18 2QFY17 YOY % 31 Dec’18 Dec’17 Revenue 1,269.1 1,176.2 7.9 788.8 703.6 12.1 Segment Results (25.9) 283.8 (>100) (64.7) 180.5 (>100) PBIT (51.8) 599.8 (>100) (90.8) 177.6 (>100) PBT (38.1) 611.6 (>

  4. Slide 4: Resilient Core Earnings Despite One-off Adjustments

    Resilient Core Earnings Despite One-off Adjustments CORE PBIT 50% YoY CORE PATAMI 16% YoY 6M Dec’18 Impairments Other Losses Share of JV/ Core Tax on Add. Tax Reported Core PBIT / Write-off / Gains Assoc. Reported PBIT PATAMI One-off One-off Provisions PATAMI 258.1 (236.6) 153.0 (309.9) (177.5) 15.8

  5. Slide 5: Segment Results

    Segment Results Financial Period Ended 31 Dec’18 vs 31 Dec’17 Quarter Ended 31 Dec’18 vs 31 Dec’17 >100% 6M Dec’18 2QFP2018 301.3 >100% 6M Dec’17 188.6 2QFY2018 >100% >100% >100% >100% 19% 74% 11.5 11.2 2.7 1.1 9.3 0.8 (36.8) (5.6) (11.9) (14.6) (73.1) (1.0) (2.0) (7.9) Property Property Leisure & C

  6. Slide 6: Current Inventories as at 31 Dec 2018

    Current Inventories as at 31 Dec’ 2018 Carrying Value (RM’m) Units 5% Launches 1 Jul - 31 Dec’18 RM2,119.3 RM2,221.6 572 units Units (14%) Taman Melawati 284 (MCC & Serini) Alya KL 100 Bukit Jelutong 94 Total: Completed Planters' Haven 64 871.3 16% 4,016 units Projects 1,033.9 Saujana Impian 57 (Sep

  7. Slide 7: Cash and Debt Position as at 31 Dec 2018

    Cash and Debt Position as at 31 Dec’18 CASH & CASH EQUIVALENTS (RM’m) • Higher net cash used in 800.0 9% operating activities due to higher 710.5 700.0 649.1 working capital mainly in: (0.7) o Bandar Bukit Raja 600.0 (88.8) o Senada 500.0 285.3 o Melawati 400.0 • Higher net cash used in (257.2) 300.

  8. Slide 8: Second Quarter of FP2018 Operational Highlights

    Second Quarter of FP2018 Operational Highlights 8

  9. Slide 9: Sales achieved exceeds RM1.0bn target and is 33% higher YoY

    Sales achieved exceeds RM1.0bn target and is 33% higher YoY… Net Sales Value (RM’m) 33% • 31% of sales originated from 626 526 Bandar Bukit Raja (52%) (47%) FP2018 1HFY2018 township, followed by townships along the 1,338 712 (53%) 1,004 Guthrie Corridor (30%) and Greater (Units sold: 1,793) (Units s

  10. Slide 10: Resilient Unbilled Sales

    Resilient Unbilled Sales FY2019 (Jan-Dec’19) Targets: FP2018: RM2,182 million Sales: RM2.3 billion 6% QoQ (30 Sept’18: RM2,319 million) 37% YoY (31 Dec’17: RM1,594 million) Unbilled Sales: RM2.0 billion 524 513 890 145 21 89 RM’m 421 204 216 179 174 162 150 139 125 92 89 77 68 19 28 17 21 1 Denai El

  11. Slide 11: FY2019 – Key Focus & Strategic Plans

    FY2019 – Key Focus & Strategic Plans 11

  12. Slide 12: Strategic Launch Plans in FY2019

    Strategic Launch Plans in FY2019 Value: RM1.5 – 2.5 bn Units: 2,000 – 3,000 BY TYPE BY LOCATION BY PRICE Landed residential launches will Launches along GCE and Klang will ~60% of residential launches continue to make-up the majority make-up about half of total launches will be priced below RM750k o

  13. Slide 13: Key Transactions / Catalysts

    Key Transactions / Catalysts 1 2 3 Completion of SD-Mitsui JV Operational Disposal of Darby Park Sale of 300 acres Execution On-Track & Executive Suites, of land in Kedah Opening of Galleria Mall Singapore  Sale and purchase agreement  Entered into sale and  Obtained all regulatory was signed on

  14. Slide 14: Silver Lining for the Property Market

    Silver Lining for the Property Market Stamp Duty Waiver Waiver of stamp duties for 6 months until June 2019 for residential properties valued from RM300,001 to RM1 million per unit for first-time home buyers Bank Negara Malaysia’s RM1 billion fund Fund to assist the financing of homes for low income

  15. Slide 15: Thank You

    THANK YOU SIME DARBY PROPERTY INVESTOR RELATIONS Email Address : investor.relations@simedarbyproperty.com Telephone : +(603) 7849 5000 Website : https://www.simedarbyproperty.com/investor-relations 15

  16. Slide 16: Appendix

    APPENDIX Sime 16 Property

  17. Slide 17: Sustainable Growth with Remaining Developable Land

    Sustainable Growth with Remaining Developable Period of 10 to 25 years By Remaining By Remaining Gross Developable Land Development Value (GDV) 1,462 9.1 19.5 (12%) (11%) (24%) 3,295 339 (27%) O (3%) N G O 11,993 RM80.3 5.3 I N acres 828 (7%) 28.1 billion (7%) 2,807 (35%) G (23%) 5.7 12.7 (7%) 3,261

  18. Slide 18: Land Bank Status as at 31 Dec 2018

    Land Bank Status as at 31 Dec 2018 ~20k acres of remaining developable land bank with a remaining GDV of RM88.7bn Total Area Remaining Developable Township/Development Name Remaining GDV (RM’bn) (Acres) Area (Acres) Niche / Integrated ALYA, Kuala Lumpur 62 50.5 7.2 Chemara Hills, Seremban 44 3.0 0.0

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