I-berhad · MYX:IBHD

I-berhad — Shareholder Meeting (June 2019)

20 slides from I-berhad's shareholder meeting presentation, Jun 18, 2019

  1. Slide 1: I-Berhad 52nd Annual General Meeting

    I-BERHAD 52nd ANNUAL GENERAL MEETING 18th JUNE 2019

  2. Slide 2: Business Model first unveiled in 2010 AR

    Business Model first unveiled in 2010 AR 2

  3. Slide 3: 3 Core Segments

    3 Core Segments I-Berhad Leisure Property Development Property Investment 3

  4. Slide 4: Property dev main growth driver; investment properties to emerge as key revenue contributor

    Property dev currently main growth driver… investment properties set to emerge as a key revenue contributor i-Berhad Revenue (RM ‘m) 500 2 450 5 45 400 2 3 5 7 350 45 44 300 2 5 250 10 8 48 50 200 404 1 332 322 150 9 47 100 201 195 1 50 9 32 95 0 2012 2013 2014 2015 2016 2017 2018 Dev Leisure Prop I

  5. Slide 5: Current contribution from 2 segments only

    Current contribution from 2 segments only… Note: Exclude Cash Leisure Property Development Property Investment 2018 Net assets (RM mil) 112 284 579 (including shopping centre) Segment PBT (RM mil) 10.3 73.8 (6.5) (including shopping centre) Return on net assets 9% 26 % (1 %) i-City Theme Park i-City

  6. Slide 6: Company Updates – Property

    Company Updates – Property

  7. Slide 7: 2 Key Projects in High Demand Locations

    2 Key Projects in High Demand Locations i-City Ultrapolis Golden Triangle of Selangor 2 Key Projects 8 Kia Peng KLCC 7

  8. Slide 8: 5 yr Plan GFA Status end 2018

    13 million sq. ft. GFA, RM 9.5 billion GDV GFA Status end 2018 Completed Planning Completed 29 % Completed 31 % In progress 40 % After 2019 2019 – 2023 5 yr Plan Completed Planning Completed In Progress 8

  9. Slide 9: 2019/20 i-City sales pipeline

    2019/20 i-City sales pipeline Coming Smart Residence – RM560 mil Next Launch Smart Office – RM230 mil Plot 4 Central Park RM1 bil Plot 2 centralWalk Retail RM470 mil 9

  10. Slide 10: Targeting RM1 bil investment properties

    Targeting RM1 bil investment properties … DoubleTree by Hilton Best Western i-City 4-star hotel with 3-star hotel with 300 rooms 214 rooms RM233 mil GDC RM50 mil current value Central i-City Target Opening: 2021 Operating since 2015 (40% stake) Data Centre Shopping mall with 1 mil RM30 mil current v

  11. Slide 11: Company Updates – Leisure

    Company Updates – Leisure

  12. Slide 12: i-City as centre of leisure, events and hospitality

    i-City as centre of leisure, events and hospitality Accolade amongst the top 25 brightest, most colorful places in the world Key Stats: Leisure Park • 214 rooms RM 106 m investment end 2018 • Commenced in Jan 2015 • Occupancy: 61 % (2018) Best Western i-City 12

  13. Slide 13: Prominent luxury hospitality brand

    Prominent luxury hospitality brand • Construction started late 2016 • 4-star full-service hotel with 300 rooms • Gross Dev. Cost : RM233 mil • Target completion: 2021 13

  14. Slide 14: Company Updates – Prospects & Challenges

    Company Updates – Prospects & Challenges

  15. Slide 15: Golden Triangle – i-City to reap benefits

    Golden Triangle – i-City to reap benefits… Property Development Going beyond i-City footprint Investment Property Enhancing value of properties Leisure Driving visitors Golden Triangle of Silicon Valley 15

  16. Slide 16: Performance yet to reflect potential of Leisure and Property Investment

    Performance yet to reflect potential of Leisure and Property Investment portfolio Note: Exclude Cash Leisure Property Development Property Investment 2018 Net assets (RM mil) 112 284 579 (including shopping centre) Segment PBT (RM mil) 10.3 73.8 (6.5) (including shopping centre) Return on net assets

  17. Slide 17: While Property sector is cyclical, there is still underlying demand

    While Property sector is cyclical…but there is still underlying demand.. Source: The Malaysian Property Boom and Bust Cycle: History Repeating? Carmelo Ferlito 17

  18. Slide 18: 2018 appears to be the bottom

    While Property sector is cyclical…but there is still underlying demand.. 2018 appears to be the bottom No of Transactions for RM 250k – RM 1m per unit Sales Performance of New Launches of Residential Properties in KL and Selangor of Residential units in KL & Selangor 120,000 40,000 70% 35,000 60% 10

  19. Slide 19: Funding requirements: mall cost overrun and slow Kia Peng sales

    Funding requirements…impact of mall cost overrun and slow down in Kia Peng sales SHF - RM 939m ICULS/RCULS - RM 251m 1800 Payables - RM 489m SHF - RM 538m 1600 ICULS/RCULS - RM 430m 1400 Payables - RM 143m Dev 1200 Leisure 1000 Mainly Cash Prop Inv 800 Others 600 400 200 0 2014 2018 i-Berhad’s Asset

  20. Slide 20: Thank You

    Thank You Bloomberg IBHD:MK Reuters IBHD.KL 20

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