Sime Darby Property Bhd. · MYX:SIMEPROP

Sime Darby Property Bhd — Shareholder Meeting (August 2024)

16 slides from Sime Darby Property Bhd's shareholder meeting presentation, Aug 5, 2024

1. Slide 1: Court Convened Meeting (CCM) on the Proposed Internal Reorganisation

   Court Convened Meeting (CCM) on the Proposed Internal Reorganisation 5 August 2024 simedarbyproperty.com

2. Slide 2: Table of Contents

   Table of Contents Page 1. Court Convened Meeting (“CCM”) for 3 Proposed Internal Reorganisation 2. Current Corporate Structure of Sime Darby 5 Property • Current Group Structure of Sime Darby Property Berhad • Current Principal Activities of Sime Darby Property Berhad • Proposed Internal Reorganisat

3. Slide 3: Court Convened Meeting for Proposed Internal Reorganisation

   Court Convened Meeting (“CCM”) for Proposed Internal Reorganisation

4. Slide 4: CCM for Proposed Internal Reorganisation

   CCM for Proposed Internal Reorganisation Recent Approval Obtained for the Proposed Internal Reorganisation Prior to CCM 6 June 2024 ▪ Board of Sime Darby Property announced the approval of the Proposed Internal Reorganisation involving the Reorganisation Agreements by way of a Scheme* ▪ Sime Darby P

5. Slide 5: Current Corporate Structure of Sime Darby Property

   Current Corporate Structure of Sime Darby Property

6. Slide 6: Current Group Structure of Sime Darby Property Berhad

   Current Group Structure of Sime Darby Property Berhad (All amounts in RM’000) The Group currently operates Sime Darby Property Berhad 1 within 3 business segments Investment Holding Function, Property Development (Property Development, Investment Business and Management Service Business & Asset Mana

7. Slide 7: Proposed Internal Reorganisation (1/2)

   Proposed Internal Reorganisation (1/2) Mechanism for The Proposed Internal Reorganisation (All amounts in RM’000) Proposed Internal Reorganisation Sime Darby Property Berhad (Entity-level) Currently, Sime Darby Property has 3 1 principal activities, namely Property Development Business, Management 3

8. Slide 8: Proposed Internal Reorganisation (2/2)

   Proposed Internal Reorganisation (2/2) • Transfer of 5 Townships under the Property Development Business to its 100% Wholly Owned Subsidiaries • Transfer of the Management Services Business to SDP (Management Services), a Newly Incorporated Company Proposed Internal Reorganisation Sime Darby Propert

9. Slide 9: Group Structure of Sime Darby Property (Post-Internal Reorganisation)

   Group Structure of Sime Darby Property (Post-Internal Reorganisation) (All amounts in RM’000) Post-Internal Reorganisation Structure Sime Darby Property Berhad Sime Darby Property’s core activities will be re-structured to a pure Investment Holding Function investment holding company post transfers

10. Slide 10: Rationale of the Proposed Internal Reorganisation

    Rationale of the Proposed Internal Reorganisation Achieve a leaner corporate structure and provide strategic clarity to Sime Darby Property and its wholly-owned subsidiaries, similar corporate structure being adopted by other listed property groups Clear Segregation of Townships under Restructuring

11. Slide 11: Effects of the Internal Reorganisation

    Effects of the Internal Reorganisation

12. Slide 12: Effects of the Proposed Internal Reorganisation

    Effects of the Proposed Internal Reorganisation The Proposed Internal Reorganisation involves transfers between Sime Darby Property and its wholly-owned subsidiaries, and is therefore not expected to have any effect on (1) Share Capital & Substantial Shareholders’ Shareholding, (2) Earnings & EPS &

13. Slide 13: Mode of Payment of the Purchase Considerations

    Mode of Payment of the Purchase Considerations Combination of cash and RPS issuance Reorganisation Agreements Initial consideration Mode of Payment (subject to completion adjustments) Reorganisation Agreements 1, 2, 3, 4 , 5 & 6 RA. 1 SDP (Bukit Jelutong) RA. 2 SDP (City of Elmina) By way of a combi

14. Slide 14: Approvals & Timeline

    Property Approvals & Timeline

15. Slide 15: Approvals & Timeline

    Approvals & Timeline Approval is sought from Shareholders, present and voting at the CCM; Tentative completion of the Proposed Internal Reorganisation is by fourth quarter of 2024 Approvals Required The Proposed Internal Reorganisation is subject to the following being obtained: i. the order of the

16. Slide 16: Thank you

    Thank you Sime Darby Property Berhad 197301002148 (15631-P) No. 2, Jalan PJU1A/7A Ara Damansara 47301, Petaling Jaya Selangor, Malaysia simedarbyproperty.com

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