Sunway Bhd. · MYX:SUNWAY
Sunway Bhd — Nomura Investment Forum Asia 2025
74 slides from Sunway Bhd's conference presentation, Jun 5, 2025
Slide 1: Sunway Berhad Nomura Investment Forum Asia 2025
Sunway Berhad Nomura Investment Forum Asia 2025 5 June 2025
Slide 2: Table of Contents
Table of Contents 1. Sunway Group at a Glance 2. Divisional Information 3. Key Financial Information 4. Advancing Sustainability 5. Supplementary Information 2
Slide 3: Sunway Group at a Glance
SUNWAY Sunway Group at a Glance
Slide 4: One of ASEAN's Leading Conglomerate
One of ASEAN’s Leading Conglomerate 13 >50 Sunway Group is one of ASEAN’s Business Locations leading conglomerates established in worldwide divisions 1974. Business Divisions Property Healthcare Construction Property Retail Hospitality Development Investment & REIT Leisure Trading & Quarry Digital,
Slide 5: One of ASEAN's Leading Conglomerate
One of ASEAN’s Leading Conglomerate Listed on the Main Market of Bursa Malaysia Securities Berhad with a combined Indices Representation market capitalisation of RM44 billion (as at 31 May 2025) Tan Sri Dato’ Seri Sir Dr. Jeffrey Cheah KBE AO MSCI Emerging Market Index (total direct and deemed inter
Slide 6: Synergistic Ecosystem in Creating Value
Synergistic Ecosystem in Creating Value Build Own Operate Strategic Adjacent Sunway builds and owns the properties as well as Businesses manages the operations of the businesses Synergistic businesses that are complementary to its ecosystem Build to Sell Build for Sunway builds Others properties for
Slide 7: One of ASEAN's Leading Conglomerate
One of ASEAN’s Leading Conglomerate Property Property Investment1 Development 24% 30% Construction 31% Others2 Revenue Profit 31% Before Tax RM7,882 million Others RM1,524 million (FY2024) 14% (FY2024) Property Construction Investment1 18% 13% Property Healthcare Development 14% 25% Sunway’s core se
Slide 8: Financial Overview
Financial Overview Financial Performance Snapshot for FY2024 28% 53% 56% Revenue Profit Before Tax PATMI RM 7,882 million RM1,524 million RM1,154 million (FY2023: RM6,136 million) (FY2023: RM993 million) (FY2023: RM1,282 million) Financial Position as at 31 December 2024 Total Equity Shareholders’ F
Slide 9: Financial Overview
Financial Overview Financial Performance Snapshot for Q1 FY2025 67% 34% 11% Revenue Profit Before Tax PATMI RM2,367 million RM304 million RM191 million (Q1 FY2024: RM1,419 million) (Q1 Y2024: RM227 million) (Q1 FY2024: RM172 million) Financial Position as at 31 March 2025 Total Equity Shareholders’
Slide 10: Investment Thesis
Investment Thesis Visible growth pipeline for Healthcare business One of the leading conglomerates Capitalising on opportunities of JS- in ASEAN 01 02 SEZ Sunway transformed from a Robust 50 years Construction Upcycle in Malaysia “wasteland to a wonderland.” of brand Growth legacy Strategies Sunway
Slide 11: Property Development
SUNWAY Property Development
Slide 12: A Master Community Developer
A Master Community Developer Total Landbank1 2,230 acres China Total GDV1 RM68.9 billion Unbilled Sales1 RM4.1 billion Malaysia Singapore Note 1 Information as at 31 March 2025 12
Slide 13: A Master Community Developer
A Master Community Developer Flagship Townships SUNWAY CITY KUALA LUMPUR (SCKL) Size 800 acres SUNWAY CITY IPOH (SCI) SUNWAY CITY ISKANDAR PUTERI (SCIP) Size Size 1,346 acres 1,770 acres 13
Slide 14: Sunway Velocity Integrated Development
Sunway Velocity Integrated Development Transit Oriented Development Menara Sunway Visio Sunway Medical Centre Sunway V Office Cochrane MRT Station Velocity (100 m) Sunway Velocity Hotel Sunway Velocity Mall MRT & LRT Interchange (200 m) 14
Slide 15: Sunway City Iskandar Puteri – The Nature's Capital City
Sunway City Iskandar Puteri – The Nature’s Capital City Forest City Singapore Second Link DEVELOPED AND DEDICATED GREEN 30% FUTURE 30% PIPELINE DEVELOPMENT DEVELOPMENT 40% PRESERVED IN THE MASTERPLAN 15
Slide 16: Strategic Location with Comprehensive Connectivity
Strategic Location with Comprehensive Connectivity 5 minutes Direct access to CIQ Second Link Sunway Lenang Bridge (Tuas Link) @ Taman Molek 10 minutes Port of Tanjung Sunway Pelepas Majestic Sunway RTS TOD Development 25 minutes Senai International Airport 30 minutes CIQ Bukit Chagar (RTS) Sunway C
Slide 17: Building Blocks for the Community to Thrive
Building Blocks for the Community to Thrive Sunway Big Box Sunway International School SJKC Cheah Fah Sunway Big Box Retail Park Wisma Sunway SCIP Glamping@XPark Hotel Driving Range XPark Sunway TES 42 Iskandar Campus Sunway Citrine Hub Sunway Grid Education Retail & Commercial Leisure & Hospitality
Slide 18: Building Economic Pillars and Self-Sustained Population
Building Economic Pillars and Self-Sustained Population Equalbase Sunway 103° Sunway Puteri Hills Banjaran Mangrove Resort Free Commercial Zone Seafront F&B Hospitality 18 JS-SEZ Iskandar Puteri Business Pillars
Slide 19: Building Economic Pillars and Self-Sustained Population
Building Economic Pillars and Self-Sustained Population Sunway Medical Centre SCIP Sunway College Sunway Big Box & Senior Living Retail Park Expansion Healthcare Education Tourism 19 JS-SEZ Iskandar Puteri Business Pillars
Slide 20: Carbon Neutral Free Commercial Zone
Carbon Neutral Free Commercial Zone Size Equalbase 135 acres Sunway 103° A joint venture project with Gross Development Value Equalbase to develop RM 8 billion sustainable integrated multi- tenant logistics facilities Potential Job Creation 13,000 Phase 1 GFA: 2.2 million sq.ft. Target Completion: Q
Slide 21: Bukit Chagar RTS Transit Oriented Mixed-Use Development
Bukit Chagar RTS Transit Oriented Mixed-Use Development Adjacent to the Bukit Chagar RTS Station and Immigration Customs and Quarantine Location Complex (ICQC) Land size Approximately 4.23 acres Tenure Freehold Land Entitlement RM450.8 million (RM244 psf ppr); Plot ratio: 10 Indicative Gross Develop
Slide 22: Expanding Presence in the Southern Region
Expanding Presence in the Southern Region Locations Adjacent to the Seremban KTM Railway Station, Negeri Sembilan Land size Approximately 20.8 acres Purchase Consideration RM93 million (RM103 psf); Plot ratio: 6 Indicative GDV RM2.2 billion Development Integrated mixed-use development comprising ser
Slide 23: Expanding Presence in the Southern Region
Expanding Presence in the Southern Region Sunway Majestic RM4 billion mixed-use development o Strategically located within the vicinity of the Customs, Immigration and Developments Mixed-use development Quarantine (CIQ) Complex and the upcoming RTS Link. o Well-positioned to serve the local communit
Slide 24: Sunway Square – Integrated Commercial Precinct at Sunway City
Sunway Square – Integrated Commercial Precinct at Sunway City Total Development Cost Net Lettable Area (NLA) Retail 300,000 sq. ft. Opening in RM1.8 billion Q3 FY2025 Commercial 300,000 sq. ft. 24 24
Slide 25: Strong Earnings Visibility
Strong Earnings Visibility Property launches and sales targets in 2025 Target Launches Target Property Sales 52% 20% RM4.1 billion RM3.6 billion 2024(A): RM2.7 billion 2024(A): RM3.0 billion Property Launches and Property Sales 2025 Planned Property Launches by Geography 4.4 3.2 4.1 3.6 1.4 China 3.
Slide 26: Strong Earnings Visibility
Strong Earnings Visibility Operational Metrics (3M FY2025) Property Launched Property Sales Property Unbilled Sales RM358 billion RM555 million RM4.1 billion (4M 2024: RM65 million) (3M YTD 2024: RM498 millon) (As at 31 December 2024: RM3.3 billion) Unbilled Sales / Revenue (times) 9% 15% Launch Tar
Slide 27: Healthcare
SUNWAY Healthcare
Slide 28: Sunway Healthcare Group (SHG)
Sunway Healthcare Group (SHG) Malaysia’s leading integrated healthcare provider offering full continuum of care Statistics at a glance1 Business model overview of Sunway Healthcare Three key pillars Flagship quaternary hospital Sunway Medical Centre (SMC), Sunway City, was established in 1999 Curren
Slide 29: SHG's Hospital Portfolio
SHG’s Hospital Portfolio 1,647 licensed beds in Malaysia, with a clear expansion strategy to grow to 3,000+ beds by 2030 Hospital network1 Latest updates 1 Sunway City, Kuala Lumpur 5 Seberang Jaya, Penang 7 ▪ Phase 1: 602 beds ▪ Phase 1 & 2a: 287 beds 2 April 2025: SMC Ipoh ▪ Phase 2: 286 beds ▪ Ph
Slide 30: SHG's Business Model
SHG’s Business Model SMC Sunway City serves as the hub supporting our tertiary hospitals and complementary care centres, aiming to provide integrated health care for diagnosis, treatment, prevention, wellness, and step-down care Existing assets Flagship quaternary hospital: Under construction / Abil
Slide 31: SHG's Operating Metrics
SHG’s Operating Metrics Strong operational performance with increased capacity and patient visits Number of licensed beds Bed occupancy rate1 Number of inpatient admissions2 (‘000s) FY2022–24 CAGR : FY2022–24 growth: FY2022–24 CAGR : 14% 7 ppts 33% 3 3 4 3 4 YoY 10 ppts 105 74% 76% 72% 88 69% YoY 28
Slide 32: SHG's Financials
SHG’s Financials Track record of growth and profitability Revenue (RM million) EBITDA1 (RM million) FY2022–24 CAGR: FY2022–24 CAGR : 70% Q1 2025 YoY highlights 32% 1,200 17% • Revenue growth in 1Q2025 was fueled by strong performance 1,854 50% 27% across all patient census and higher bill sizes. Thi
Slide 33: Construction
SUNWAY Construction
Slide 34: Fully Vertically Integrated Construction Business Model
Fully Vertically Integrated Construction Business Model Building Construction Services Civil and Infrastructure Construction Services o Design and construction service provider specializing in o Roads, highways, airports, bridges and rail Building Information Modeling System (“BIM /VDC”) transportat
Slide 35: Solid Diversified Order Book
Solid Diversified Order Book Singapore Infrastructure / Building Precast Active Tender Book Piling 2% 3% Ongoing Project 2% RM14.8 43 Projects Singapore billion Precast 9% Order Book Outstanding Replenishment Order Book Inhouse Data Data Centre 43% 51% 51% RM3.5 Centre 54% RM7.9 Inhouse billion1 36%
Slide 36: Robust Outstanding Order Book
Robust Outstanding Order Book Strong Earnings Visibility with Robust Outstanding Order Book of RM6.6 billion Order Book Completion Contract Sum Outstanding Order Book Order Book Completion Contract Sum Outstanding Order Book (As at 20 May 2025) (RM million) (RM million) (%) (As at 20 May 2025) (RM m
Slide 37: Robust Outstanding Order Book
Robust Outstanding Order Book Order Book Replenishment – YTD 2025 Client Type Completion Contract Sum (RM million) JHB1X0 – Tenant Improvement Works Yellowwood Properties Sdn Bhd Data centre 1Q 2026 185 Precast - External LS Construction Pte Ltd Precast 4Q 2026 73 K2 Building 4 KS Strategic Infrastr
Slide 38: Property Investment REIT
SUNWAY Property Investment REIT
Slide 39: One of a Leading Diversified REIT in Malaysia
One of a Leading Diversified REIT in Malaysia Sunway Real Estate Investment Trust (Sunway REIT) Market Cap (as at 31 December 2024) RM6.3 billion Distribution Per Unit (DPU) (FY2024) 10.00 sen Property Value (as at 31 December 2024)1 RM10.5 billion Distribution Yield (as at 31 December 2024) 5.4% Ne
Slide 40: Portfolio Value Creation Through Acquisitions
Portfolio Value Creation Through Acquisitions Sunway Hotel Sunway REIT Sunway university Sunway Georgetown Industrial – and college Pier Sunway Hypermarkets IPO Shah Alam 1 campus Portfolio (6 assets) Sunway REIT 8 Assets Industrial - Prai RM74 mil RM92 mil RM556 mil RM37 mil RM520 mil RM67 mil Jul
Slide 41: Portfolio Value Creation Through AEIs & Brownfield
Portfolio Value Creation Through AEIs & Brownfield Sunway Hotel Sunway Putra Sunway Resort Hotel Ballroom and Sunway Carnival Mall Sunway Resort Hotel Mall New Wing Refurbishment Sunway Pyramid Mall Seberang Jaya Function Rooms Refurbishment Oasis RM17 mil RM460 mil RM55 mil RM440 mil RM323 mil RM19
Slide 42: Other Divisions
SUNWAY Other Divisions
Slide 43: Leisure
Leisure Theme Parks Sunway Lagoon Lost World of Tambun Malaysia’s first and largest Premier Water Theme Park First Hotsprings Themed Water Park in Malaysia Sunway City Kuala Lumpur Sunway City Ipoh 88 acres 40 acres No of visitors: No of visitors: 1.2 million p.a. 1.0 million p.a. 43
Slide 44: Trading and Manufacturing
Trading and Manufacturing Hoses & Hydraulic Hoses Hydraulic Fittings Fittings Strong own Global sourcing capability serving multiple industries, eg. branding – construction, quarry, mining, logging, agriculture, “SunFlex” plantation, marine, and oil & gas. Heavy Undercarriag Frame Complete Undercarr
Slide 45: Building Materials
Building Materials Spun Piles o Malaysia’s largest producer of interlocking concrete pavers o Annual Production Capacity: 3.0 mil m2 o Complete coverage of Peninsular and East Malaysia with plants in Batang Kali, Nibong Tebal, Senai, Marang and Kota Kinabalu o Market share of more than 70% Interlock
Slide 46: Quarry
Quarry Aggregates & Asphalt Number of Quarry Number of Asphalt Plants 9 23 Selangor (4), Melaka, Kedah, Across 19 locations Pahang, Negeri Sembilan Quarry Market Share Quarry Asphalt 15% (Klang Valley) 30% (Klang Valley) 10% (Nationwide) 30% (Nationwide) Asphalt Road Paving 46
Slide 47: Key Financial Information
SUNWAY Key financial Information
Slide 48: Strong Financial Track Record
Strong Financial Track Record Revenue (RM million) Profit Before Tax (RM million) 7,883 67% 6,136 5,195 34% 3,717 3,209 1,524 2,367 993 909 1,419 490 456 227 304 FY2020 FY2021 FY2022 FY2023 FY2024 Q1 FY2024 Q1 FY2025 FY2020 FY2021 FY2022 FY2023 FY2024 Q1 FY2024 Q1 FY2025 2019 2020 2021 2022 2023 FY2
Slide 49: Capital Management
Capital Management Total Equity & Shareholders Funds Gross Borrowing, Net Borrowing and WAIR 4.63 4.42 16.2 4.34 15.9 3.99 15.0 15.2 15.0 13.6 13.9 13.1 12.5 12.0 2.82 10,877 11,258 10.3 2.52 9.5 9,650 8,715 9,056 7,511 7,098 7,353 6,541 6,645 5,904 5,272 2020 2021 2022 2023 2024 31 Mar 2025 2020 20
Slide 50: Total Shareholder Return
Total Shareholder Return Sunway 384% Total Shareholder Return 506% (August 2011 – May 2025) FBM KLCI 2% Aug-11 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 May-25 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Dividend (sen) - 6.00 10.00 11.00 49.00 12
Slide 51: Advancing Sustainability
SUNWAY Advancing Sustainability
Slide 52: Advancing Sustainability
Advancing Sustainability Sunway aims to achieve Net Zero Carbon Emissions by 2050 ESG Rating: AA FTSE4Good Score: 3.8/5.0 Top 25% Among PLCs in the FBM Emas Index Internal Carbon Pricing Green Lease Embodied Carbon Emissions Roadmap 52
Slide 53: Sustainability Highlights
Sustainability Highlights 53
Slide 54: Supplementary Information
SUNWAY Supplementary Information
Slide 55: Property Development
Property Development Planned Launches and Sales Target for 2025 China RM billion Effective Launches Launches Effective Sales Sales TARGET 5% 4.4 4.1 0.2 3.6 Central 4.1 0.5 33% 3.2 3.0 0.4 Malaysia 2.6 2.7 3.6 0.5 2.4 0.4 3.2 Singapore 66% 0.2 2.0 0.5 29% 2.7 0.2 2.6 Southern 2.4 0.2 2.2 2.2 31% 1.0
Slide 56: Property Development: Property Launches
Property Development: Property Launches Two Property Launches up to April 2025 Property Launched RM358 million 9% (as at 15 May 2025) Launch Target Achieved 2025 Target Launches by Region RM4.1 billion China 2024(A): RM2.7 billion 5% Sunway Gardens Sunway Flora 2 Klang (Phase 3 – Block 10) Valley Si
Slide 57: Property Development
Property Development Property Sales for YTD FY2025 Unbilled Sales as at MarchKlang 2024:Valley RM498 million Johor Ipoh Penang International Sales as at 31 March 2025: RM555 million 198 RM million 124 54 41 32 30 20 17 12 7 5 5 7 3 Alishan Artessa d'hill Flora Jernih Serene Velocity 3 Iskandar Lenan
Slide 58: Property Development
Property Development Unbilled Sales of RM4.06 billion to provide sustainability of revenue stream Unbilled Sales as at MarchKlang 2024:Valley RM498 million Johor Ipoh Penang International Unbilled Sales as at March 2025: RM4.06 billion 2,366 RM million 402 215 223 242 132 126 99 84 44 10 12 27 33 29
Slide 59: Property Launches in 2024
Property Launches in 2024 *as at end-May 2025 (inclusive bookings) Sunway Velocity (Tower A & B) Sunway Aviana (Phase 3) Sunway Maple Sunway Wellesley Serene Villas Location Jalan Peel, Kuala Lumpur Sunway City Iskandar Puteri, Johor Sunway City Iskandar Puteri, Johor Bukit Mertajam, Penang Tower A:
Slide 60: Property Launches in 2024
Property Launches in 2024 *as at end-May 2025 (inclusive bookings) Sunway Bayu Novo Place Sunway Gardens (Phase 3) Location Sunway City Ipoh, Perak Plantation Close, Tengah, Singapore Tianjin, China GDV RM107 million SGD 790 million (Effective: RM918 million1) RMB179 million (Effective: RM105 millio
Slide 61: Property Launches in 2023
Property Launches in 2023 *as at end-May 2025 (inclusive bookings) Sunway Lenang Heights Sunway Flora Residences Sunway Dora Sunway Aviana Location Taman Molek, Johor Bahru Bukit Jalil, Kuala Lumpur Bayan Baru, Penang Sunway City Iskandar Puteri, Johor Manor (Bungalow) & Lavie (Semi-D): Tower A: RM3
Slide 62: Property Launches in 2022 - 2023
Property Launches in 2022 - 2023 *as at end-May 2025 (inclusive bookings) Jernih Residence (Tower A&B) Sunway Alishan Residences Sunway d’hill Residences Location Kajang, Selangor Cheras, Kuala Lumpur Kota Damansara, Kuala Lumpur Tower A: RM313 million Condominium: RM286 million Tower 1: RM258 milli
Slide 63: Property Projects Take Up Rates
Property Projects Take Up Rates *as at end-May 2025 (inclusive bookings) Sunway Artessa Sunway Gardens Phase 3 Location Wangsa Maju, Kuala Lumpur Tianjin, China GDV RM404 million RMB375 million (Effective RM145 million) Type Serviced Residence Condominium December 2021: Block 1 (124 units) Units 468
Slide 64: Property Projects Take Up Rates
Property Projects Take Up Rates *as at end-Mar 2025 (inclusive bookings) Terra Hills The Continuum Location Pasir Panjang, Singapore Thiam Siew Avenue, Singapore SGD 845 million SGD 2.2 billion GDV (Effective RM 852 million) (Effective RM 2.2 billion) Type Private Condominium Private Condominium Uni
Slide 65: Jewel Landbanks in Iskandar Malaysia
Jewel Landbanks in Iskandar Malaysia 1 2 Location Medini Iskandar, Johor Pendas, Johor Area 691 acres (281 hectares) 1,079 acres (437 hectares) Purchase o 99-year lease: Up to RM745.3 million o Up to RM503.4 million Consideration o 30-year lease extension: RM74.5 million o Land price: RM10.71 psf o
Slide 66: Multiple Strategic Locations
Multiple Strategic Locations Updated as at November 2021 Remaining Landbank Total Landbank 2,212 acres Effective GDV RM54.0 billion1 Total GDV RM67.1 billion1 Development Period Up to 15 years Penang Singapore China China 91 acres 11 acres 4 acres, Singapore RM0.5 billion 4% <1% <1% RM8.6 billion, 1
Slide 67: Strategic Landbank Acquired 2022 – YTD2025
Strategic Landbank Acquired 2022 – YTD2025 Updated as at November 2021 Extensive Landbank for Future Development Date Location Tenure Land size Purchase GDV Proposed development (acres) Consideration 2025 Mixed-use development (Retail May Seremban Sentral, Negeri Sembilan Freehold 20.81 RM93 million
Slide 68: Investment Properties
Investment Properties Sunway City Kuala Lumpur Sunway Velocity, Kuala Lumpur Property Sunway Geo Tower Sunway Velocity Mall Sunway Velocity Hotel Sunway V Office Sunway Visio Tower 10-storey integrated Type 17-storey office tower Retail mall Hotel 15-storey office tower office/retail NLA/No. of Room
Slide 69: Investment Properties
Investment Properties Sunway City Iskandar Puteri, Johor Property Sunway Big Box Retail Park Sunway Big Box Hotel Wisma Sunway Big Box Type Retail mall 4-star hotel 12-storey office tower NLA/No. of Room1 450,000 sq.ft. 284 rooms 180,000 sq.ft. Average Occupancy Rate 1 86% 57% 74% Completion Date Q4
Slide 70: Investment Properties
Investment Properties Education Campus & Student Accommodation (SCKL) Co-Living Accommodation (SCKL) Property Monash University Malaysia Sunway Monash-U Residences Nook Co-Living Type Tertiary education campuses Student accommodation Co-living space under rent-to-buy-scheme GFA1 1.1 million sq.ft. 5
Slide 71: Hospitality
Hospitality Hotels Under Management (Klang Valley)1 Property Sunway Resort Hotel Sunway Pyramid Hotel Sunway Lagoon Hotel Sunway Putra Hotel Type 5-star luxury hotel 4-star hotel 4-star hotel 5-star hotel NLA/No. of Room 2 460 rooms & 3 villas 564 rooms 401 rooms 650 rooms Average Occupancy Rate 2 5
Slide 72: Hospitality
Hospitality Hotels Under Management (Penang)1 Property Sunway Hotel Seberang Jaya Sunway Hotel Georgetown Type 4-star hotel 4-star hotel NLA/No. of Room 2 202 rooms 250 rooms Average Occupancy Rate 2 75% 73% Average Daily Rate 2 RM210 RM250 1 Sunway REIT’s assets 2 Based on FY2023 information 72
Slide 73: Hospitality
Hospitality Hotels Under Management Property Banjaran Hotsprings Retreat Sunway Lost World Hotel Sunway Hotel Phnom Penh Sunway Hotel Hanoi Location Ipoh, Perak Phnom Penh, Cambodia Hanoi, Vietnam Type 5-star luxury resort 3-star hotel 4-star hotel 4-star hotel No. of Room 1 44 villas 174 rooms 138
Slide 74: Thank You
Thank You crystaltll@sunway.com.my +6011 1878 8789 www.sunway.com.my This presentation may contain certain forward-looking statements due to a number of risks, uncertainties, and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditio