Slide 1: Sunway Berhad FY2013 Results Review Briefing Pack
Release Date: 27 February 2014 SUNWAY BERHAD FY2013 Results Review Briefing Pack
Slide 2: Surpassing All Expectations
Surpassing All Expectations 1) Solid Performance • PATMI hits record high of RM1.5 billion • Core PATMI – RM482.7 million (38% increase) • Revenue – RM4.7 billion (23% increase) • Core PATMI margin improves to 10.2% from 9.1% • Improvement in all business segments • Surpasses ALL analysts’ forecasts
Slide 3: 2013 Financial Highlights
2013 Financial Highlights Core Revenue (RM’mil) Core PATMI (RM’mil) 5,000.0 482.7 4,527.6 500.0 4,500.0 3,849.2 450.0 4,000.0 3,691.7 1,322.4 400.0 157.5 3,500.0 350.7 18% 350.0 327.1 3,000.0 38% 1,066.1 300.0 2,500.0 124.4 250.0 2,000.0 200.0 1,500.0 1,118.0 150.0 110.7 1,000.0 100.0 500.0 1,021.0
Slide 4: One Off Profit Items
One Off Profit Items FY2013 PATMI 1,600 15.6 1,500.5 173.2 1,400 59.7 108.0 1,200 297.9 1,000 363.4 800 600 482.7 400 200 0 Core PATMI Adjustments from FV Gain on FV Gain on Share of FV Gain FV Gain from Others Total PATMI the cessation of remeasurement remeasurement on Investment Investment consoli
Slide 5: 2013 Segmental Analysis
2013 Segmental Analysis CORE REVENUE CORE PBT 8% 3% 6% 4% 7% 26% 13% 12% RM 4.5 bil RM 661 mil 53% 13% 19% 36% Property Development Property Investment Construction Trading & Manufacturing Quarry Others
Slide 6: Segmental Analysis Core PATMI
Segmental Analysis CORE PATMI (RM’mil) 600.0 500.0 Total RM482.7m 34.2 15.7 32.4 400.0 Total RM350.7m 3.3 57.8 30.4 40.5 300.0 97.3 96.4 200.0 203.1 245.3 100.0 - (22.9) 2012 2013 (100.0) Property Development Property Investment Construction Trading & Manufacturing Quarry Others
Slide 7: Balance Sheet and Gearing
Balance Sheet and Gearing FYE 31/12/2013 FYE 31/12/2012 FYE 31/12/2012 (Restated) (Audited) RM'mil RM'mil RM'mil Non-current Assets 6,228.8 7,879.5 4,554.0 Current Assets 4,883.4 4,484.2 4,429.5 Total Assets 11,112.3 12,363.7 8,983.5 Current Liabilites 3,983.0 4,821.0 3,576.2 Non-current Liabilities
Slide 8: Property Development Segmental Review
Property Development Segmental Review Q4 2013 Q4 2012^ Q3 2013 YTD 2013 YTD 2012^ Revenue 417.2 384.8 260.3 1,167.1 910.2 (RM'mil) Operating Profit 96.3 88.1 62.0 228.2 187.0 (RM'mil) Op. Profit Margin 23.1% 22.9% 23.8% 19.5% 20.5% EBIT (RM'mil) 133.5 137.4 92.4 353.3 306.4 (incl. share of assc. & J
Slide 9: Unbilled Sales and Sales as at 31 December 2013
Unbilled Sales and Sales as at 31 December 2013 Unbilled Sales as at Dec 2013 is RM2.4 billion 793 Klang Valley 544 271 210 192 81 57 72 73 74 South Quay Velocity Damansara Montana Eastwood Suria Penang Johor Others Singapore Sales as at Dec 2013 is RM1.8 billion 701 Klang Valley 266 141 119 120 88
Slide 10: Sunway Velocity
$ sunway 2 3 2 $ oC S < S ”
Slide 11: Sunway Nexis
Sunway Nexis § sunway
Slide 12: Property Launches FY 2013
Property Launches FY 2013 Project Type GDV (RM'mil) Sunway Cassia, Penang 3-Storey Terrace House 105 Sunway Lenang Heights Semi D & Bungalows 200 Sunway Geo Office Suites & Retail Shops Phase 2 375 Sunway Geo Condominium 480 Royal Square, Novena Medical Suites & Shops 555 Mont Bleu Townhouses 35 Tot
Slide 13: Sunway Geo Residences 90% Sold within 1 month
Sunway Geo Residences 90% Sold within 1 month
Slide 14: Royal Square @ Novena Medical Suites & Retail Shops – 50% Sold
Royal Square @ Novena Medical Suites & Retail Shops – 50% Sold
Slide 15: Property Investment Segmental Review
Property Investment Segmental Review Q4 2013 Q4 2012^ Q3 2013 YTD 2013 YTD 2012^ Revenue 165.8 162.7 137.1 578.3 585.2 (RM'mil) Operating Profit 38.7 42.7 21.8 111.2 120.7 (RM'mil) Op. Profit Margin 23.3% 26.3% 15.9% 19.2% 20.6% EBIT* (RM'mil) 61.8 63.6 40.9 191.4 196.0 (incl. share of assc. & JCE)
Slide 16: Construction Segmental Review
Construction Segmental Review Q4 2013 Q4 2012^ Q3 2013 YTD 2013 YTD 2012^ Revenue 443.0 360.3 376.5 1,621.7 1,274.9 (RM'mil) Operating Profit -11.1 -6.5 15.4 47.4 36.8 (RM'mil) Op. Profit Margin -2.5% -1.8% 4.1% 2.9% 2.9% EBIT (RM'mil) 20.2 17.1 15.4 80.0 61.5 (incl. share of assc. & JCE) EBIT Margi
Slide 17: Construction Order Book Replenishment FY 2013
Construction Order Book Replenishment FY 2013 Project Contract Sum (RM'mil) Internal Sunway University Academic Block 192 RM653mil Sunway Putra Place 258 (30%) Sunway Pyramid 3 203 External Legoland Water Park 45 BRT - Sunway Line 452 KLCC NEC 304 RM1.5bil 222 (70%) KLCC Package 2 Urban Wellness Cen
Slide 18: Construction Outstanding Order Book – RM 3.9 bil
Construction Outstanding Order Book – RM 3.9 bil Contract O/S Order Sum Book RM'mil RM'mil Infrastructure MRT Package V4 (Sec 17 to Semantan) 1,173 800 LRT Kelana Jaya Line Extension (Package B) 569 314 BRT Sunway Line 452 341 Johor Urban Wellness Centre 283 263 BRT – Sunway Line 67% Pinewood Iskand
Slide 19: Property Outlook for 2014
Property Outlook for 2014 Key Launches in 2014 Distribution of Launches 2014 GDV (RM) Penang Ipoh • Sunway Velocity Residences 250 mil 8% 2% Klang • Sunway South Quay Service Apartment 200 mil China Valley 26% • Citrine, Sunway Iskandar 300 mil 13% • Sunway Wellesley, Penang 100 mil • Mount Sophia,
Slide 20: Upcoming Launch – Citrine, Sunway Iskandar
Upcoming Launch – Citrine, Sunway Iskandar GDV RM 300 mil Type of dev Office & Service Apartments No. of units Office (167 units); Service Apartments (328 units) Launch date 1H 2014 Property Investment Retail (51 units)
Slide 21: Upcoming Launch – V-Residence 2
Upcoming Launch – V-Residence 2 GDV RM 250 mil (Phase 1) Type of dev Service Apartments No. of units 300 units Launch date 1H 2014
Slide 22: Thank You
Thank You Email : irsunwayberhad@sunway.com.my Website : www.sunway.com.my Next quarter announcement on 29th May 2014 This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without li