Sime Darby Property Bhd. · MYX:SIMEPROP

Sime Darby Property Bhd — Q1 FP2018 Earnings Presentation

22 slides from Sime Darby Property Bhd's earnings presentation, Nov 28, 2018

  1. Slide 1: Financial Period 2018 Results Announcement, First Quarter ended 30 September 2018

    Financial Period 2018 (FP2018) Results Announcement First Quarter ended 30 September 2018 28 November 2018

  2. Slide 2: First Quarter of FP2018 Financial Performance

    First Quarter of FP2018 Financial Performance 2

  3. Slide 3: First Quarter Ended 30 September 2018

    First Quarter Ended 30 September 2018 1QFP18 1QFY18 In RM’m YOY % 30-Sept-2018 30-Sept-2017 Revenue 480.3 472.6 2 Operating Profit (a) 42.7 18.8 127 Segment Results (b) 38.8 103.4 (63) PBIT (c) 39.0 422.2 (91) PBT 53.0 428.2 (88) PATAMI 28.8 421.7 (93) Basic EPS (sen) 0.4 10.8 (96) 1QFP2018 vs 1QFY2

  4. Slide 4: Segment Results for 1QFP2018

    Segment Results for 1QFP2018 68% 1QFP2018 112.7 1QFY2018 329% 48% 1% 36.3 10.4 (4.5) (9.8) (6.6) 1.9 1.9 Property Property Leisure & Concession Development Investment Hospitality Arrangement Higher operational performances Strong operational Higher operating Steady contribution from amid the challen

  5. Slide 5: Cash and Debt Position as at 30 Sep'18

    Cash and Debt Position as at 30 Sep’18 CASH & CASH EQUIVALENTS GROUP BORROWINGS (RM’m) (RM’m) 749.4 5% 710.5 5% 2,046.5 1,936.5 63% 808.6 495.8 30-Sep-18 30-Jun-18 Long-term Short-term 30-Sep-18 30-Jun-18 • Net cash used in operating activities lower at RM25.1m (30 Sep’17: RM347.3m, RM2,745.0m RM2,5

  6. Slide 6: Inventories as at 30 September 2018

    Inventories as at 30 September 2018 RM6,713.7 RM6,778.0 million million -1% Mainly due to completion of Completed: units from: 1,033.9 835.5 +24% • Rimbun Sanctuary, Bukit Jelutong: 87 units – RM56m • Serini 1 & 2, Taman PDC – Launched: 1,187.7 1,614.3 Melawati: 241 units – -26% RM181m 2,610.7 PDC –

  7. Slide 7: Unsold Units as at 30 September 2018

    Unsold Units as at 30 September 2018 1QFP18 Launches 267 Units units (6%) Taman Melawati 295 (MCC & Serini) Bukit Jelutong 104 Total: Alya KL 104 Completed Planters' Haven 66 4,469 units Projects Saujana Impian 61 935 units (Jun’18: 4,963) (21%) Chemara East 53 KL East (The Veo) 45 Elmina West 39 Th

  8. Slide 8: First Quarter of FP2018 Operational Highlights

    First Quarter of FP2018 Operational Highlights 8

  9. Slide 9: Steady Sales Performance Supported by Strategic Launches in 1QFP18

    Steady Sales Performance Supported by Strategic Launches in 1QFP18 Year-on-Year Performance 1QFP18 (Jul’18 – Sep’18) Net Sales Value Units Sold Value: Units: RM’m RM310.5 mil 284 35% 22% 815 Bandar Bukit Raja (Ayra) 712 (2-storey house) 667 No. of Units : 120 units 526 Value Launch Date : RM90.2 mil

  10. Slide 10: Resilient Unbilled Sales

    Resilient Unbilled Sales FP2018 (Jul-Dec’18) Targets: 1QFP2018: RM2,319 million Sales: RM1,000 million 14% QoQ (30 Jun’18: RM2,034 million) 30% YoY (30 Sept’17: RM1,778 million) Unbilled Sales: RM2,200 million RM’m 641 647 898 103 30 403 261 244 212 196 183 172 162 141 119 56 47 22 34 33 30 4 Denai

  11. Slide 11: Strategic Re-Planning of Launches

    Strategic Re-Planning of Launches 2QFP18 (Oct’18 – Dec’18) FY2019 (Jan’19 – Dec’19) Value: Units: Value: Units: RM600 – 650 mil 800 – 1,150 RM3.0 – 4.0 bn 4,000 – 4,500 BY TYPE BY LOCATION BY TYPE BY LOCATION 6% 15% 3% 15% 23% 21% 21% 48% 3% 47% 23% 62% 11% 34% 26% 42% Johor Greater Johor Klang N.Se

  12. Slide 12: Rediscover Our Hidden Gems (Sep – Nov 2018)

    Rediscover Our Hidden Gems (Sep – Nov 2018) Strategic campaign to promote new and completed developments Ranging from The Signature Collection, The Features Exclusive and Rediscover Landed Gems Introducer RM10,000 + rewards of additional 1% up to 1% to 2% rebate 22 Preview of Anggerik @ 27 Preview o

  13. Slide 13: Moving Forward

    Moving Forward Sime 13 Property

  14. Slide 14: Outlook in 2018-2019

    Outlook in 2018-2019 Budget 2019 is positive National Housing Policy • Waiver of stamp • Clear scope and duties for residential BUSINESS parameters of properties valued CHALLENGES proposed policy from RM300,001 to • Streamline effort to RM1 million per unit deliver affordable for first-time home hou

  15. Slide 15: Key Priorities in FY2019

    Key Priorities in FY2019 PROPERTY PROPERTY LEISURE & DEVELOPMENT INVESTMENT HOSPITALITY  Timely completion of the disposals of low-yielding, non-core assets in Australia,  80% of residential launches  Timely completion of Singapore and focusing on low to mid- the Galleria, KL East Vietnam price r

  16. Slide 16: 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 16

  17. Slide 17: Appendix

    APPENDIX Sime 17 Property

  18. Slide 18: 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 8.9 3,373 19.8 (12%) (11%) (28%) (25%) O 339 (3%) N G O 12,106 RM80.4 5.2 28.1 I N 2,826 (23%) acres 828 (7%) (35%) billion (6%) G 5.7 12.7 (7%) 3,278

  19. Slide 19: Land Bank Status as at 30 Sept 2018

    Land Bank Status as at 30 Sept 2018 ~21k acres of remaining developable land bank with a remaining GDV of RM88.8bn Remaining Township/Development Name Total Area (Acres) Developable Area Remaining GDV (RM’bn) (Acres) Niche / Integrated ALYA, Kuala Lumpur 62 50.5 7.2 Chemara Hills, Seremban 44 3.0 0.

  20. Slide 20: List of Investment Properties

    List of Investment Properties as at 30 September 2018 Net Book Owned and managed Occupancy Location NLA (Sqft) Purpose Value (6 assets) Rate (%) (RM’mil) Wisma Zuellig Section 13, Petaling Jaya 79,589 Tenanted 100 28.76 Sime Darby Pavillion Bukit Jelutong, Shah Alam 41,027 Tenanted 100 24.36 Jalan G

  21. Slide 21: List of Hospitality & Leisure Assets

    List of Hospitality & Leisure Assets as at 30 September 2018 Net Book Value MALAYSIA Description Land Acres (RM’mil) Sime Darby Convention Centre, Kuala 5-storey multi purpose convention 4 90.59 Lumpur center Tournament Players Club (TPC), Kuala Award-winning with 36-hole golf & 279 249.63 Lumpur co

  22. Slide 22: FY2018 Quarterly Performance

    FY2018 Quarterly Performance 1QFY18 2QFY18 3QFY18 4QFY18 FY2018 30 Sep 2017 31 Dec 2017 31 Mar 2018 30 Jun 2018 Total (RM'000) (RM'000) (RM'000) (RM'000) (RM'000) Revenue 472,612 703,625 559,502 617,365 2,353,104 Operating profit 18,815 153,397 52,336 50,768 275,316 Share of results from associates/

Sime Darby Property Berhad — Q1 FP2018 Earnings Presentation on 6ix