Sime Darby Property Bhd. · MYX:SIMEPROP
Sime Darby Property Bhd — Q1 2026 Earnings Presentation
35 slides from Sime Darby Property Bhd's earnings presentation, May 26, 2026
Slide 1: Q1 FY2026 Financial Results Analyst Briefing Presentation
Q1 FY2026 FINANCIAL RESULTS Force for Good ANALYST BRIEFING PRESENTATION 26 May 2026 simedarbyproperty.com 1
Slide 2: Table of Contents
Table of Contents Page 1. Q1 FY2026 Key Highlights 4 2. Key Corporate Developments & Awards 7 3. Financial Performance for Q1 FY2026 10 4. Operational Performance for Q1 FY2026 16 5. Key Project Updates 22 6. Battersea Power Station Updates 25 7. Malaysian Economy & Property Sector Outlook 28 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
IIIS Sime Darby Property ‘Andata, Ara Damansara
Slide 5: Financial Highlights (Q1 FY2026)
Financial Highlights (Q1 FY2026) • Q1 FY2026 PBT recorded at RM236.3m with YoY growth of 32%. • Recorded Revenue of RM799.2m; while Operating Profit rose to RM234.3m with YoY growth of 24%. • PATAMI increased to RM158.8m with YoY growth of 34%. • Maintained a sound financial position with net gearin
Slide 6: Operational Highlights (Q1 FY2026)
Operational Highlights (Q1 FY2026) • Sustained sales momentum with RM918.9m achieved. • Unbilled sales of RM4.1b providing strong earnings and cashflow visibility beyond the next three years. • Industrial products remained as the top sales contributor contributing to 53% of the total sales equivalen
Slide 7: Key Corporate Developments & Awards
Key Corporate Developments & Awards Q1 FY2026
Slide 8: Star Property Awards 2026
Star Property Awards 2026 Sime Darby Property secured the top spot for All-Stars Award for the Fourth Consecutive Year Newsmaker of Most Heart-warming the Year – Top 3 CSR Initiatives – Top 3 (Readers' Choice Award) (Readers' Choice Award) Other Key Project Awards ✓ StarProperty All-Stars Award – Ra
Slide 9: Proposed Long Term Incentive Plan (LTIP)
Proposed Long Term Incentive Plan (“LTIP”) Aimed to strengthen talent retention, reward long-term performance and align employees’ interests with sustainable shareholder value creation Proposed establishment of a Long-Term Incentive Plan of up to 5% of issued shares to align management and employee
Slide 10: Financial Performance
Financial Performance Q1 FY2026
Slide 11: Profit & Loss Performance
Profit & Loss Performance • PBT and PATAMI increased to RM236.3m and RM158.8m, with healthy growth at 32% and 34% YoY, respectively. • Overall financial performance remained robust with Revenue and Gross Profit recorded at RM799.2m & RM264.1m respectively. • PBT and PATAMI margins improved, supporte
Slide 12: Revenue & PBT Analysis: Property Development
Revenue & PBT Analysis: Property Development • Revenue recorded at RM722.5m, reflecting sustained sales performance despite lower contributions due to timing of launches. • PBT recorded at RM209.3m with a YoY growth of 29.4% enhanced by the fair value gain on completion of the data centre. Q1 FY2026
Slide 13: Revenue & PBT Analysis: Investment & Asset Management
Revenue & PBT Analysis: Investment & Asset Management • Revenue recorded at RM53.9m (+39.2% YoY), supported by strong retail performance & additional contribution from industrial assets. • Achieved PBT (ex. BPS) of RM21.5m in Q1 FY2026, driven by strong performance from retail and industrial segment
Slide 14: Cash & Debt (as of 31 March 2026)
Cash & Debt (as of 31 March 2026) • Cash balance remains strong at RM740.0m, supported by positive net operating cash flow of RM105.1m. • Net gearing increased marginally to 37.0% (vs. 35.9% in Dec 2025), mainly driven by investment capex for the DC2 project and build-to-suit-to-lease developments i
Slide 15: Property Development Inventories (as of 31 March 2026)
Property Development Inventories (as of 31 March 2026) • Completed inventories reduced by 4.8% to RM104.1m and remains low at 1.5% of total inventories in carrying value. • 57.3% or RM1.9b of total stocks (GDV) comprise of New Launches, indicating a healthy aging trend. Inventories in Carrying Value
Slide 16: Operational Performance
Operational Performance Q1 FY2026
Slide 17: Sales Performance Breakdown (by Product type, Year & Location)
Sales Performance Breakdown (by Product type, Year & Location) • Achieved sales of RM918.9m in Q1 FY2026, representing 23% of full year sales target of RM4.0b. • Industrial products remained the largest sales contributor at 53%, followed by Resi. Landed 24%, Resi. High-rise 17% & Commercial 6%. • Ma
Slide 18: Unbilled Sales (as at 31 March 2026)
Unbilled Sales (as at 31 March 2026) • Unbilled sales increased by 5% to RM4.1b, with cover ratio maintained at 1.0x. • Ensures healthy earnings visibility beyond the next three years. 4,500.0 1.8 1.7 4,000.0 1.6 RM4,082.6m as at 31 March 2026 3,500.0 1.4 1.4 3,000.0 1.2 1.2 Unbilled Sales by Locati
Slide 19: Q1 FY2026 Launches – Residential Landed
Q1 FY2026 Launches – Residential Landed RM47.5m worth of Residential Landed product launched in Q1 FY26 with average take-up rate of 49%. Q1 FY2026 Launches Q1 FY2026 Review RM47.5m Residential Landed GDV launched 1-storey linked homes (Starter Series) Backyard garden space 123 units launched 49% Av
Slide 20: Q1 FY2026 Launches – Industrial
Q1 FY2026 Launches – Industrial RM515.9m worth of Industrial products launched in Q1 FY26 with average take-up rate of 10%. Q1 FY2026 Launches Q1 FY2026 Review RM515.9m Industrial GDV launched Elmina Business Park 2 (Industrial lots) 19 units | RM260.4m January 2026 59 units launched 10% Average tak
Slide 21: Investment & Asset Management Operational Highlights
Investment & Asset Management Operational Highlights Growth in AUM attributable to the completion of the first Hyperscale Data Centre in Elmina Business Park. Assets Under Management (RM’b) Hyperscale Data Centres in Elmina Business Park RM4.4b RM2.8b +RM 1.5b 54% Dec-25 Apr-26 Note: Based on Carryi
Slide 22: Key Project Updates
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Slide 23: Expanding Industrial Footprint Across Northern Klang Valley
Expanding Industrial Footprint Across SEAMLESSLY Northern Klang Valley ACCESSIBLE FROM Sime Darby Property Berhad launched Elmina Business Park 2 (EBP2) in January 2026 THE SEAPORT, AIRPORTS & as part of its expansion into Rawang with ~RM2.0b in GDV across ~350 Net Acreage CITY CENTRE Located at the
Slide 24: First Hyperscale Data Centre in Elmina Business Park Completed
First Hyperscale Data Centre in Elmina Business Park Completed Completion of powered shell & core for Hyperscale Data Centre 1 with vacant possession delivered to Pearl Computing Malaysia Sdn Bhd on 1 April 2026 RM2.0b Est. Lease Value 49 Acres Triple Net Lease Lease Structure 24
Slide 25: Battersea Power Station Updates Q1 FY2026
Battersea Power Station Updates Q1 FY2026
Slide 26: Battersea Power Station Updates
Battersea Power Station Updates • BPS is succeeding in expanding its offering with more than 10 new openings confirmed for 2026. • Construction for two new Gehry-designed buildings (Phase 3C) is set to begin in 2H 2026. Key Updates Development for Phase 3C A. BPS adds over 10 new openings for 2026 a
Slide 27: Battersea Power Station Updates: New CEO
Battersea Power Station Updates Battersea Power Station Development Company appoints James Saunders as new CEO on 7 April 2026. ➢ James, 60, read law in Cambridge and has a Masters in Marketing, Strategy and Change Management from London Business School. ➢ James brings a wealth of experience in larg
Slide 28: Malaysian Economy & Property Sector Outlook
Malaysian Economy & Property Sector Outlook
Slide 29: Macroeconomic & Sector Outlook
Macroeconomic & Sector Outlook • Macro outlook remains cautious amid persistent geopolitical tensions and external uncertainties. • The Group will remain pragmatic and measured in navigating geopolitical developments, cost pressures and softening demand. Macro Overview Property sector Overview Weake
Slide 30: Moving Forward: FY2026 Guidance
Moving Forward FY2026 Guidance
Slide 31: 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 32: FY2026 Launch Plan
FY2026 Launch Plan ~RM4.1bil GDV to be launched for the remainder of the year as the Group continues to monitor external uncertainties. FY26 Planned Launches Q1 FY26 Launches FY26 Remaining Launches GDV GDV GDV GDV (%) GDV (%) GDV (%) (RM bil) (RM bil) (RM bil) Township Development (TD) 2.6 56% 0.6
Slide 33: Investment Proposition
Investment Proposition
Slide 34: 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 Income Resilient Balance Sheet & Performance Sustained Momentum Portfolio Financial Strength
Slide 35: 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 — Q1 2026 Earnings Presentation on 6ix