Sime Darby Property Bhd. · MYX:SIMEPROP
Sime Darby Property Bhd — Q2 2026 Earnings Presentation
42 slides from Sime Darby Property Bhd's earnings presentation, Aug 24, 2026
Slide 1: Q2 FY2026 Financial Results Analyst Briefing Presentation
Q2 FY2026 FINANCIAL RESULTS ANALYST BRIEFING PRESENTATION 24 August 2026 simedarbyproperty.com A Force for Good
Slide 2: Table of Contents
Table of Contents Page 1. H1 FY2026 Key Highlights 4 2. Key Corporate Developments & Awards 7 3. Financial Performance for H1 FY2026 15 4. Operational Performance for H1 FY2026 21 5. Key Project Updates 29 6. Battersea Power Station Updates 32 7. Malaysian Economy & Property Sector Outlook 35 8. Mov
Slide 3: Our Purpose, Vision, Mission and Core Values
Our Purpose, Vision, Mission and Core Values Our Purpose Driving Real Estate as a Value Multiplier for People, Businesses, Economies & the Planet. Our Vision Our Mission Our Values Advancing real estate as To develop, own and manage T Together we do what’s right a force for collective progress, a th
Slide 4: Key Highlights
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Slide 5: Financial Highlights (H1 FY2026)
Financial Highlights (H1 FY2026) • Achieved highest H1 Operating Profit, PBT & PATAMI of RM537.1m, RM635.6m and RM480.8m respectively. • Recorded Revenue of RM1,959.8m from stronger operating performance & recurring income from Data Centre. • Dividend of 1.7sen declared (+13% YoY); Announced dividen
Slide 6: Operational Highlights (H1 FY2026)
Operational Highlights (H1 FY2026) • Sustained sales momentum with RM1.8b achieved in H1 FY2026. • Unbilled sales of RM3.8b providing strong earnings and cashflow visibility beyond the next three years. • Industrial products remained as the top sales contributor at 49% of the total sales equivalent
Slide 7: Key Corporate Developments & Awards
Key Corporate Developments & Awards H1 FY2026
Slide 8: FIABCI World Prix d'Excellence Awards 2026
FIABCI World Prix d’Excellence Awards 2026 World Gold recognition for Elmina Lakeside Mall • Sime Prop has once again earned international recognition at the FIABCI World Prix d’Excellence Awards 2026 in Vienna. • Elmina Lakeside Mall secured the World Gold Award in the Retail category, recognising
Slide 9: The Edge Best Managed & Sustainable Property Awards 2026
The Edge Best Managed & Sustainable Property Awards 2026 Hall of Fame - Sustained recognition for responsible development • Sime Prop was inducted into The Edge Malaysia Responsible Developer Hall of Fame at The Edge Malaysia Best Managed & Sustainable Property Awards ("BMSPA") 2026. • The recogniti
Slide 10: The Star ESG Positive Impact Awards 2025
The Star ESG Positive Impact Awards 2025 Gold recognition for biodiversity conservation at Hamilton Biodiversity Park Hamilton Biodiversity Park received the Gold Award for Biodiversity Conservation under the Large Companies category, recognising Sime Prop’s biodiversity conservation efforts within
Slide 11: Announced Dividend Policy
Announced Dividend Policy Aimed to align dividend distribution with the shift in recurring income under SHIFT32. CURRENT DIVIDEND PAYOUT FRAMEWORK ANNOUNCED DIVIDEND POLICY Dividend payout ratio of Dividend payout ratio of $ % not less than 20% $ % 40% - 60% of consolidated PATAMI of consolidated PA
Slide 12: Acquisition of Wisma Unirazak for Integrated Mixed-Use Development
Acquisition of Wisma Unirazak for Integrated Mixed-Use Development Marking Sime Darby Property’s entry into Kuala Lumpur City Centre (“KLCC”) market located within the Jalan Tun Razak–KLCC corridor ✓ Strengthens the Property Development engine by expanding footprint into KL Development Details City
Slide 13: BBR North: Catalyst of a Strategic Growth Corridor
BBR North: Catalyst of a Strategic Growth Corridor • Positioned as a strategic Heavy Industrial gateway within regional East-West Trade corridor. • Capitalizing on enablers such as Northport, Westport, and Jeram Waste-to-Energy Plant. • Strategically positioned to integrate with incoming enablers, i
Slide 14: Expanding Johor Footprint with ~RM3.0b GDV Development Pipeline
Expanding Johor Footprint with ~RM3.0b GDV Development Pipeline • 557-acre freehold land acquisition in Kulai located within the Johor-Singapore Special Economic Zone (JS-SEZ). • Strengthens Johor footprint and broadens its geographical earnings base beyond Klang Valley and Negeri Sembilan • The lan
Slide 15: Financial Performance
Financial Performance H1 FY2026
Slide 16: Profit & Loss Performance
Profit & Loss Performance • Robust financial performance with Revenue & Gross Profit recorded at RM1,959.8m & RM682.0m respectively. • PBT & PATAMI increased to RM635.6m (+59.5% YoY) and RM480.8m (+83.6% YoY) respectively, driven by stronger underlying performance, fair value gains on investment pro
Slide 17: Revenue & PBT Analysis: Property Development
Revenue & PBT Analysis: Property Development • Revenue recorded at RM1,779.6m, reflecting sustained sales performance and steady contributions across key townships. • PBT recorded at RM457.3m with a YoY growth of 24%, enhanced by the fair value gains on investment properties of RM120.4m recognized u
Slide 18: Revenue & PBT Analysis: Investment & Asset Management
Revenue & PBT Analysis: Investment & Asset Management • Revenue recorded at RM137.8m with YoY growth of 59.0% driven by the commencement of data centre lease income. • PBT (ex. BPS) increased to RM190.3m, supported by stronger performance from underlying assets & reversal of SDBC Provision. H1 FY202
Slide 19: Cash & Debt (as of 30 June 2026)
Cash & Debt (as of 30 June 2026) • Cash balance remains strong at RM838.9m, supported by positive net operating cash flow of RM531.2m. • Net gearing improved to 35.5% (vs. 35.9% in Dec 2025), providing further headroom to support AUM growth. Cash & Cash Equivalents (RM mil) External Borrowings (RM m
Slide 20: Property Development Inventories (as of 30 June 2026)
Property Development Inventories (as of 30 June 2026) • Completed inventories recorded at RM186.0m, and remain low at 2.8% of total inventories. • 58.7% or RM2.4b of total stocks (GDV) comprise of New Launches, indicating a healthy aging trend. Inventories in Carrying Value StocksininGDV Stocks GDV&
Slide 21: Operational Performance
Operational Performance H1 FY2026
Slide 22: Sales Performance Breakdown (by Product type, Year & Location)
Sales Performance Breakdown (by Product type, Year & Location) • Achieved sustained sales momentum in H1 FY2026 of RM1.8b. • Industrial products remained the largest sales contributor at 49%, followed by Resi. Landed 25%, Resi. High-rise 18% & Commercial 7%. • Majority of sales remained largely with
Slide 23: Unbilled Sales (as at 30 June 2026)
Unbilled Sales (as at 30 June 2026) • Unbilled sales recorded at RM3.8b, with cover ratio maintained at 1.0x. • Growing contribution from residential high rise & industrial with extended earnings visibility in 2027 & beyond. 4,500.0 1.8 1.7 4,000.0 1.6 3,500.0 1.4 1.4 RM3,841.5m as at 30 June 2026 3
Slide 24: H1 FY2026 Launches – Industrial
H1 FY2026 Launches – Industrial RM816.7m worth of Industrial products were launched in H1 FY26. Q2 FY2026 Launches H1 FY2026 Review RM816.7m Industrial GDV launched BBR Business Park Industrial Lot, Bandar Bukit Raja May 2026 14 units | RM100.8m 158 units launched XME Business Park 2, Nilai Impian 5
Slide 25: H1 FY2026 Launches – Residential High-Rise
H1 FY2026 Launches – Residential High-Rise Ara Bloc achieved 70% Phase 1 take-up following its May 2026 launch, with total GDV of RM561.9m. Q2 FY2026 Launches H1 FY2026 Review RM561.9m Residential High-Rise GDV launched Ara Bloc: A Freehold serviced residences designed for vibrant urban living in Ar
Slide 26: H1 FY2026 Launches – Residential Landed
H1 FY2026 Launches – Residential Landed RM534.8m worth of Residential Landed product were launched in H1 FY26. Q2 FY2026 Launches H1 FY2026 Review RM534.8m Residential Landed GDV launched Elmina Green 8 136 units | RM132.8m May 2026 Serenia Baleria 2 174 units | RM120.8m May 2026 740 units launched
Slide 27: H1 FY2026 Launches – Commercial
H1 FY2026 Launches – Commercial RM134.8m worth of commercial products were launched in H1 FY26, with an average take-up rate of 69%. Q2 FY2026 Launches H1 FY2026 Review RM134.8m Commercial GDV launched Karya 2 , Bandar Bukit Raja May 2026 37 units | RM71.7m 52 units launched 69% Average Take-up rate
Slide 28: Investment & Asset Management Operational Highlights
Investment & Asset Management Operational Highlights • AUM expanded to ~RM5.0b (vs RM2.8b in Dec 2025), attributable to the completion of MH4 & Ready Built Factories. • FUM grew to RM2.25b from RM1.0b, reflecting the inclusion of the New Economy Venture Fund platform. Hyperscale Data Centres in Elmi
Slide 29: Key Project Updates
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Slide 30: New Economy Venture (NEV) and Green Sukuk Programme
New Economy Venture (“NEV”) and Green Sukuk Programme Established Sime Prop’s second fund platform, raising RM1.25 billion in third-party institutional capital and securing the world’s first RM2.6 billion sukuk financing for data centre infrastructure. New Economy Venture Why It Matters For Sime Pro
Slide 31: IDF-1: E-Metro's Logistics Park
IDF-1: E-Metro’s Logistics Park E-Metro Logistics Park continues to scale from stabilised assets into a larger income-generating industrial portfolio, supported by 100% occupancy at Metrohub 1 & 2, completion of Metrohub 4 and the ongoing development of Metrohub 3. STABILIZED NOW COMPLETED UNDER CON
Slide 32: Battersea Power Station Updates
Battersea Power Station Updates H1 FY2026
Slide 33: Battersea Power Station Updates
Battersea Power Station Updates • 50EB occupancy increased to 53% following LEAP’s (legal technology firm) expansion, doubling its office footprint. • Koa sales reached 97% (vs 86% in Mar 2026), reflecting continued sales momentum with only 6 units remaining for sale. KEY UPDATES Phase 3B Battersea
Slide 34: Battersea Power Station Updates
Battersea Power Station Updates • Phase 3C Rosewood House secured 44 units through pre-launch reservations and exchanges since May 2026. • More than 60% of the pre-launch sales have been taken up by existing residents, demonstrating confidence and preference for living within Battersea. Phase 3C: Ro
Slide 35: Malaysian Economy & Property Sector Outlook
Malaysian Economy & Property Sector Outlook
Slide 36: Macroeconomic & Sector Outlook
Macroeconomic & Sector Outlook • Resilient macro fundamentals, but property-sector recovery remains uneven across segments. • The Group maintains disciplined launch phasing, pricing and product-market fit, while deploying capital into proven growth corridors and recurring-income platforms. Macro Ove
Slide 37: Moving Forward: FY2026 Guidance
Moving Forward FY2026 Guidance
Slide 38: FY2026 Guidance
FY2026 Guidance • Sime Darby Property remains focused on disciplined execution, portfolio diversification and recurring income expansion. • The Group will closely monitor external uncertainties and remain disciplined in maintaining operational and capital flexibility amid evolving market conditions.
Slide 39: FY2026 Launch Plan
FY2026 Launch Plan ~RM2.7b GDV to be launched for the second half of the year as the Group continues to monitor external uncertainties. FY26 Planned Launches 1H FY26 Launches FY26 Remaining Launches GDV GDV GDV GDV (%) GDV (%) GDV (%) (RM bil) (RM bil) (RM bil) Township Development (TD) 2.6 56% 1.4
Slide 40: Investment Proposition
Investment Proposition
Slide 41: Sime Darby Property's Investment Proposition
Sime Darby Property’s Investment Proposition Positioned to Driving Real Estate as a Value Multiplier for People, Businesses, Economies & the Planet Robust Financial Revenue Visibility from Scaling Recurring Resilient Balance Sheet & Performance Sustained Momentum Income Portfolio Financial Strength
Slide 42: Thank you | Q&A
Our Purpose Thank you | Q&A Driving Real Estate as a Value Multiplier for People, Businesses, Economies & the Planet.
Sime Darby Property Berhad — Q2 2026 Earnings Presentation on 6ix