Sime Darby Property Bhd. · MYX:SIMEPROP
Sime Darby Property Bhd — Shareholder Meeting (May 2023)
24 slides from Sime Darby Property Bhd's shareholder meeting presentation, May 24, 2023
Slide 1: Extraordinary General Meeting: Proposed Acquisition of the Kapar Land
APPENDIX 1 Extraordinary General Meeting PROPOSED ACQUISITION OF THE KAPAR LAND 24 May 2023 | Virtual from KLGCC simedarbyproperty.com
Slide 2: Table of Contents
Table of Contents Page 1. Background of the Proposed Acquisition 3–4 2. Bandar Bukit Raja – One of our Flagship 5 – 12 Developments 3. Kapar Land – Bandar Bukit Raja IV 13 - 16 4. Kapar Land Acquisition Rationale 17 - 18 5. Source of Funding & Effects of The Proposed 19 - 21 Acquisition 6. Approvals
Slide 3: Background of the Proposed Acquisition
BACKGROUND OF THE PROPOSED ACQUISITION
Slide 4: Background of the Proposed Acquisition
Background of the Proposed Acquisition Maximising Industrial Potential of Bandar Bukit Raja Township Transaction Background 25 August 2017 ▪ In conjunction with the demerger of Sime Darby Berhad in 2017, SD Property had entered into nine (9) call option agreements with SD Plantation 29 August 2022 ▪
Slide 5: Bandar Bukit Raja - One of Our Flagship Developments
BANDAR BUKIT RAJA - ONE OF OUR FLAGSHIP DEVELOPMENTS
Slide 6: Bandar Bukit Raja – The Beacon of Klang
Bandar Bukit Raja – The Beacon of Klang ▪ Consists of 3 townships (BBR 1, 2 & 3) with estimated GDV of RM 17 bil ▪ The addition of Kapar Land (BBR 4) will add an estimated GDV of RM5-6 bil Current Development: Bandar Bukit Raja 1 Current Development Acreage (Total | Remaining) 1,513ac | 32ac Active
Slide 7: Components of BBR Township
Components of BBR Township ▪ Industrial Focused Township with RM9.7 bil or 42% of the total GDV (BBR 1 - 4) from Industrial Product Segment BANDAR BUKIT RAJA 3 Overall: 10% launched S TAG E 1 , 2 , 3 & 4 T O TA L G D V 42% 49% 9% 24% launched RM 22.9 bil 90% 10% Industrial Residential Commercial Tot
Slide 8: Best In Class Industrial Development
Best In Class Industrial Development Advancing Ecosystem and Nurturing High Value Investment in Industrial Segment GATEWAY IV KEY STRATEGIC PRIORITIES 4 2024 - 2033 GATEWAY III BBR4 WILL BE POSITIONED AS HIGH VALUE INDUSTRIAL HIGH VALUE INDUSTRIAL 2022 - 2030 RM5.15bil* 36% TO ACHIEVE HIGHER GDV AND
Slide 9: BBR3 & 4 Launch Plan
BBR3 & 4 Launch Plan Synergy between launches of BBR3 and BBR4 to ensure maximum take-up rate 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 128 Ac 84 Units 42 Ac 62 Units 21 Ac 10k sqft BBR3 10k-20k sqft 46 Units 97 Units 20k sqft 3.6k sqft Total acreage* 128ac 96ac 112ac 52ac 54ac 33 Ac 16
Slide 10: BBR Industrial Gateway I
BBR Industrial Gateway I Township’s First Industrial Development Has Achieved 100% Take-up Rate, Paving Way For Further Industrial Developments in BBR II and III Total Industrial Area 268 Light Industry zone In 2019, Gateway 16 (ready built acres factories) located at BBR Industrial Gateway I won “T
Slide 11: BBR Industrial Gateway II
BBR Industrial Gateway II ▪ Caters for Larger Scale Industrial Lots ▪ Positioned to Enable Recurring Income SDP-LOGOS JV (SDPLOG) ▪ Inaugural Industrial Development Fund by SD Property and Total Industrial Area Light-Medium LOGOS Property JV; Secured 70% of its targeted fund size up to RM1 billion d
Slide 12: BBR Industrial Gateway III
BBR Industrial Gateway III Robust Demand with 128 acres of Industrial Lot Launched to Date Fully Sold ECRL LINE Total Industrial Area i18 i17 456 Light-Medium Industry 52 acres 60 acres acres zone i14 & i15 & i16 47 acres 128 acres of Ready built factories SOLD Industrial lot launched to date Detach
Slide 13: Kapar Land Bandar Bukit Raja IV
KAPAR LAND BANDAR BUKIT RAJA IV ESG Focused Industrial Development
Slide 14: BBR Industrial Gateway IV: ESG Focused Industrial Development
BBR Industrial Gateway IV ESG Focused Industrial Development ▪ Structured phased development over 10 to 15 years - first phase expected to be launched in 2024 KEY CONCEPT ‘ESG Focused Industrial Development in Malaysia’ GREEN DEVELOPMENT MANAGED & GATED GUARDED WASTE MANAGEMENT VALUE ADDED INFRA ▪ G
Slide 15: BBR4 Layout: Placemaking
E N E R G Y PA R K BBR4 Layout : Placemaking A Social & Energetic Park that Football / Multi Purpose Public Facilities promote health and active lifestyle with facilities such as multiples Indoor Gym S Y N E R G Y PA R K Outdoor Event Sculpture court, indoor & outdoor gym and Business leisure park t
Slide 16: BBR4 Layout: Biodiversity
BBR4 Layout : Biodiversity GREEN TECH CARBON SINK TREES • High Carbon Absorption Plant Species • Water Harvesting Tank (2 times more on absorption rate) • Real-time sensors for flooding and • Endangered & Native Species pollution • Tree2Tree Concept (1acre : 55nos trees) • Air Purification & Reduce
Slide 17: Kapar Land Acquisition Rationale
KAPAR LAND ACQUISITION RATIONALE
Slide 18: Rationale
Rationale Building on existing success of Bandar Bukit Raja Township and unlocking greater value 1 Maximising Industrial potential • Industrial and logistics development (“ILD”) remains a key growth engine contributing approx. 25% in sales achieved for FY2022 • Structured phased development over 10
Slide 19: Source of Funding & Effects of the Proposed Acquisition
SOURCE OF FUNDING & EFFECTS OF THE PROPOSED ACQUISITION
Slide 20: Source of Funding
Source of Funding Source of Funding The Purchase Consideration is to be fully satisfied in cash. The Group proposes to use internally generated funds and/or existing Islamic Medium-Term Notes (IMTN) programme to complete the Proposed Acquisition. • The Group’s IMTN programme of RM4.5 billion under t
Slide 21: Effects of the Proposed Acquisition
EFFECTS OF THE PROPOSED ACQUISITION(1) Pro forma Net asset per Share(2) Pro forma Earnings and EPS(4) RM 1.40 RM 1.40 • The retained profits will decrease slightly by 4.64 sen 4.34 sen • The net profit will be reduced by RM20.8 RM1.2 million, resulting in a decrease of million after adjusting for th
Slide 22: Approvals and Timeline
APPROVALS AND TIMELINE
Slide 23: Approvals Required and Tentative Timeline
Approvals Required and Tentative Timeline Approvals Required The Proposed Acquisition is subject to the following being obtained: (i) approval of the non-interested shareholders at the forthcoming EGM; Note: The Estate Land Board has approved for the transfer and acquisition of the Kapar Land on 18
Slide 24: Thank You
Thank You — Sime Darby Prope! OUR PURPOSE To be a Value Mt for people, busi economies an:
Sime Darby Property Berhad — Shareholder Meeting (May 2023) on 6ix