Slide 1: Financial Results & Group Update
Financial Results & Group Update For the six months ended 30 June 2023 16 August 2023 Setia Eco Templer Daintree, Singapore Shangri-La, Melbourne Battersea Power Station, London Setia EcoLakes, Vietnam
Slide 2: Key macro developments at the mid-year mark in 2023
Key macro developments at the mid-year mark in 2023 Growth to remain Rising interest rate Resilient real estate robust environment market Malaysia GDP growth (%) Property sales (number of units transacted) 120 80% 10.0% 8.7% 100 60% 80 40% 4.4% 4.5% 4.0% 4.5% 5.0% 3.1% 60 20% 40 0% 0.0% 20 -20% 2019
Slide 3: Malaysia Property Sector Outlook
Malaysia Property Sector Outlook RESIDENTIAL • Continued growth, albeit tempered by cautious buyer sentiment (Malaysia Housing Price Index 1Q ‘23: +2.0%YoY) • Developers continue to prioritize project backlogs over new launches OFFICE • Occupancy rates challenged by: [1] oversupply; and [2] hybrid w
Slide 4: S P Setia's Strategic Direction
S P Setia’s Strategic Direction Purpose Creating Sustainable Communities Vision To be the leader in creating sustainable communities & enriching lifestyle Strengthen the core Expand & Diversify Efficient Optimizing Diversify into Strategic Build Maintaining capital resources - new partnership to str
Slide 5: Highlights: Six months ended June 2023 (1H 2023)
Highlights: Six months ended 30 June 2023 (1H 2023) 1H 2023 sales above target Earnings visibility ▪ Achieved sales of RM2.56 bil in ▪ Unbilled sales: RM6.82 bil at June 2023 1H 2023 (86% local; 14% international) ▪ 44 ongoing projects and effective remaining landbank of 6,870 acres ▪ Completed inve
Slide 6: Key Financial Highlights
Key Financial Highlights Sales Revenue PBT 1H’23 : RM2.56B 1H’23 : RM1.91B 1H’23: RM236M (1H’22: RM1.67B) (1H’22: RM1.89B) (1H’22:RM253M) PATANCI Borrowings * Net Gearing Ratio 1H’23: RM99M 1H’23: RM11.75B 1H’23: 0.55x (1H’22: RM148M) (1H’22: RM12.68B) (1H’22: 0.64x) Note * : Excluding RCPS 6
Slide 7: 1H 2023 Sales Performance
1H 2023 Sales Performance YoY Group Sales Performance Central Region contributed 57% (RM’M) to total Sales 2,710 2,557 (RM’M) 1,980 1,673 International , Integrated, 368; 14.4% Central Region, 875 36, 1,457; 57.0% Eastern Region, 1.4% 33, 1.3% Northern Region, 1H 1H 1H 1H 1H 74, 2019 2020 2021 2022
Slide 8: 2023 Sales Target
2023 Sales Target 1H 2023 Sales were SALES ahead of Target (RM’M) Local 84% International, International 16% 682 , 16% 4,500 4,000 Eastern, 3,500 125 , 3% 3,000 2,557 2023 Sales 2,500 Northern, RM'mil 387 , 9% Target 2,000 4,200 RM 4.2 bil 1,500 2,053 1,000 Central, 500 504 Southern, 2,511 , 60% 495
Slide 9: 1H 2023 Revenue Performance
1H 2023 Revenue Performance Malaysia contributed 81% to total Group Revenue Performance YoY Revenue REVENUE 1.3% (RM’M) (RM’M) Malaysia , 1,540 , Australia, 81% 2,201 2,136 370 , 1,910 19% 1,886 Revenue 1H 2023 1,034 RM1.91 billion 1H 1H 1H 1H 1H 2019 2020 2021 2022 2023 9
Slide 10: 1H 2023 – Profitability performance
1H 2023 – Profitability performance Malaysia contributed 79% to total PBT Central Region contributed 51% to Malaysia PBT (RM’M) (RM’M) Northern, (4), (2%) Eastern, 3, 2% International Malaysia, Central, 50; 21% 186; 79% 96, 51% 1H 2023 Malaysia Southern, 236 mil RM 89, 48% RM186mil PBT PBT Integrate
Slide 11: PBT and PATANCI – 5-year performance
PBT and PATANCI – 5-year performance Group performance on PBT and PATANCI (RM’M) 327 301 253 236 189 150 148 99 -57 -110 1H 1H 1H 1H 1H 2019 2020 2021 2022 2023 PBT PATANCI 11
Slide 12: Robust Take-up Rates
Robust Take-up Rates Landed properties remain a popular choice 100% take up 100% take up 83% take up NADI (COMMERCIAL) 7A4B (IRAMA VILLA II) Ph A6-04 CASABLANCA 3 Type: 2 Storey Terrace House Type: Double Storey Semi-Detached Type: Double Storey Semi-D Shop Lot Size: 20' x 80' & 22' x 75’ Lot Size:
Slide 13: Reaffirming our 2023 Business Strategies
Reaffirming our 2023 Business Strategies Strengthening our Financials while Achieving Sales Way Forward Reduce Set Sales target Pare Down Borrowings Strategic Launches Completed Stocks RM4.2 B Reduce net gearing ratio Focus on landed properties Right pricing and financing Capital allocation with goo
Slide 14: Unbilled Sales, Land Banks And GDV
Unbilled Sales, Land Banks And GDV Unbilled Sales of RM6.82 billion is supported by 6,870 acres of effective remaining land banks with a total GDV of RM125.77 billion as at 30 June 2023 REMAINING LAND BANKS Unbilled Sales Eastern, International, 43.67, 0.6% 6.82 34.74, 0.5% GDV: RM2.27 bil, RM 1.8%
Slide 15: 44 On-going Projects (as at 30 June 2023)
44 On-going Projects (as at 30 June 2023) Wide Range of Product Offerings to Support Growth Eastern 1 1. Aeropod 5 6 International 1. Battersea Power Station Northern 2. Sapphire By The Gardens 1. Setia Fontaines 3. UNO, Melbourne 2. Setia Pearl Island 4. Eco Xuan 3. Setia Greens 5. Eco Lakes 4. Set
Slide 16: Township Developments
Township Developments Setia Alam (Central) Bandar Kinrara (Central) Setia AlamImpian (Central) 16 Setia Eco Templer Setia Fontaines (Northern) Setia Eco Gardens (Southern) 16
Slide 17: Landbank Management
Landbank Management Commitment to monetizing non-strategic land to strengthen financial position and pursue future growth opportunities Land Sales by Quarter Land Sales 1H ‘23 RM’M Proceeds 450 Land Acreage (RM'mil) 400 Bandar Setia Alam 4.6 60 Tanjung Kupang 1.1 26 350 Glengowrie, Semenyih 500 392
Slide 18: Landbank Management – Industrial Estates
Landbank Management – Industrial Estates Setia Fontaines Industrial Park, Penang 260 acres Setia Alaman, Klang 399 acres Tanjung Kupang, Johor 308 acres 18
Slide 19: ESG
ESG Setia 19
Slide 20: Purpose: Creating sustainable communities
Updated as at 16th February 2023 Purpose: Creating sustainable communities Organisational Purpose and Vision: To be the leader in creating sustainable communities and enriching lifestyles Vision Sustainability Governance Setia’s oversight of sustainability practices as led by its governance structur
Slide 21: Setia's Sustainability Day held on 30 May 2023
Setia’s Sustainability Day was held on 30th May 2023 to communicate our sustainability framework and roadmap 21
Slide 22: ESG Material Matters
ESG Material Matters Best BestPractices in Practices in Positive, Positive,Sustained Sustained Sustainable, Sustainable, Innovative Innovative and Environmental Environmental Management Management Community Community & Social & Social Impacts andQuality QualityDevelopment Development Impacts 3 6 1 C
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Slide 24: Disclaimer
Disclaimer This presentation contains certain statements which are forward-looking in nature, which are subject to uncertainties and contingencies. Forward-looking statements may contain estimates and assumptions made by Setia’s Management after due inquiry, which are nevertheless subject to known a
Slide 25: Thank You
Setia Thank You