S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — Q2 2025 Earnings Presentation
25 slides from S P Setia Bhd's earnings presentation, Aug 22, 2025
Slide 1: Q2 2025 Financial Results & Group Update
Bandar Setia Alam Q2 2025 Financial Results & Group Update 22 August 2025
Slide 2: Q2 '25 At a Glance
Q2 ‘25 At a Glance RM1.19 bil Sales RM1.09 bil Property RM943 mil RM197 mil RM8.2 bil Development Revenue Profit Before Tax Borrowings sales Progressive growth towards FY 2025 sales target of RM 4.80 bil 40% achieved Setia HQ Office 2
Slide 3: 1H 2025 Key Financial Highlights
1H 2025 -Key Financial Highlights 1H 2025 Steady earnings growth – with cash position, borrowings and net gearing continue to improve throughout the period. Progress billings, revenue and profit recognition would be building up more in Q3-Q4 SALES REVENUE PBT RM 1,904 mil RM 1,714 mil RM 338 mil (1H
Slide 4: Financial Results
Financial Results Setia
Slide 5: Q2'25/1H 2025 Sales Performance
Q2’25/1H 2025 Sales Performance Improved Property Development sales growth compared to the same quarter last year, supported by active sales activities & expanding demand Unbilled Sales RM’mil Sales breakdown by geography Sales (RM’mil) (RM’mil) 3,948 2000 1,904 767 235 454 1500 +34% 1,186 Sales 100
Slide 6: Unbilled Sales as at June 2025
Unbilled Sales as at 30 June 2025 Providing core development revenue visibility in the short to medium term Domestic Unbilled Sales contributed 81% of the total Central sales in pipeline Southern 727 Northern Increasing level of unbilled Vietnam sales (5% Q-Q) indicates 40 positive earning prospects
Slide 7: Q2'25/1H 2025 Revenue Performance
Q2’25/1H 2025 Revenue Performance Performance ~80% Revenue attributable to core property development of domestic contributions Revenue (RM’mil) Revenue breakdown by region -42% YoY 2,970 137 Malaysia International RM1,664 mil RM50 mil +22% (3%) (97%) QoQ 989 1,714 Revenue 103 1H’25 224 771 52 943 15
Slide 8: Q2'25 / 1H'2025 PBT Performance
Q2’25 / 1H’2025 PBT Performance Domestic – Southern region was the main contributor to 1H’2025 Profit before Tax; higher residential property sales & costs savings upon finalization of account in Property South -48% PBT breakdown by region Profit before Tax (RM ’mil) YoY 700 647 -97 600 500 +40% Sou
Slide 9: Q2'25 Net Gearing
Q2’25 Net Gearing Debt reduction of RM4.8 bil since peak 2021 level – net gearing expected to be maintained within the 0.30x-0.40x range RM12.97bil Peak debt July’21 14.0 0.61 ~RM 4.8 bil 0.6 0.57 debt reduction 12.0 0.5 0.49 in 3 years 10.0 Net gearing (ratio) 0.35 0.35 0.4 0.34 RM'bil 8.0 0.3 6.0
Slide 10: Strategic Updates
Strategic Updates Setia 10
Slide 11: Land banks
Land banks We have 5,191 acres of remaining land banks with a total gross GDV of RM113.06 bil as at 30 June 2025 Eastern International 43.7 Eastern, acres International, 55.3 acres (GDV:44RM3.1 bil) 1% acres, 35 acres, 1% (GDV: RM32.6) 42 Southern, Southern 1,064 1,079 acres, acres 20% Unbilled Sale
Slide 12: Launches 2025 (GDV)
Launches 2025 (GDV) Central Total launched 1H’2025 Residential RM1.57 bil RM Billion 1.58 (GDV) Southern Commercial RM190 mil RM million 708 RM2.3 bil Central projects Southern projects • PI - Setia Alaman Plot Industri • Bukit Indah (Johor) Industrial RM531 mil • Precinct 2 (P2) • Laman Setia (SEG)
Slide 13: Project Launches
Project Launches Setia’s Planned Launches FY2025: 50 Projects worth of RM5.4 bil ✓ Upcoming launches of 30 projects in 2H’2025: RM3.1bil No Location Phase No Location Phase 1 Bandar Setia Alam 16 Kota Bayuemas RP10 Diminia 2 Setia EcoHill 17 Kota Bayuemas RP11 Queensville 3 Setia Ecohill 2 Damara 18
Slide 14: Township Development
Township Development Setia Alamsari, Bangi Setia Warisan Tropika, Salak Tinggi Setia Fontaines, Penang Setia Eco Garden, Gelang Patah Setia Tropika, Johor Bahru Setia Ecohill 2, Semenyih Scout for land with quick turnaround/ match with Developer’s Instinct potential buyer, collaboration & JV
Slide 15: Industrial
Industrial Growth Driver for Setia 2025 - 2029 Collaboration with Penang Dev Corp (PDC) Setia Fontaines Industrial Park Setia Alaman Tanjung Kupang Industrial Park Industrial Park ✓ Phase 1 of 213 acres sold out/in advanced ✓ Opportunity for JV or negotiation Outright Sale ✓ Potential JV with Ally L
Slide 16: Setia Alaman: Powering the next Surge of Growth
A. DEVELOPMENT LAND 14.26 ACRES RM 124.2 MILLION B. COMMERCIAL LAND 12.38 ACRES RM 194.2 MILLION C. COMMERCIAL LAND E. SETIA CITY 15.61 ACRES CONVENTION CENTRE 1 RM 238 MILLION & 2 MIXED-USED DEVELOPMENTS LAND 27.97 ACRES RM 365.5 MILLION SOLD BOOKED BOOKED SOLD SOLD BOOKED SOLD SOLD SOLD SOLD SOLD
Slide 17: Collaboration with Ally Logistic Property Co Ltd
20 Aug 2025: Collaboration with Ally Logistic Central : Setia Alaman Property Co Ltd (Taiwan) – target GDV RM2.5bil 2025 Sales YTD 30 June’25: ALP: Taiwan’s largest warehousing infrastructure developer RM203.6mil Founded in 2014, ALP is a leading smart warehouse developer and operator in Asia, speci
Slide 18: Land plot status update, Setia Alaman Industrial Park
Land plot status update As at 30 June 2025 Setia Alaman Industrial Park Sold (58 plots) Booked (12 plots) Available (15 plots) Ally Logistic x Setia Collaboration 42 acres BUSINESS UNIT PERFORMANCE DASHBOARD
Slide 19: Bandar Kinrara
Bandar Kinrara Unlock potential value Redevelopment of Malaysian Cricket Ground Redevelopment of Kinrara Golf Club (MCG) Rezoning application is at final stage of approval ✓ Built-to-Lease international school building (15 + 10 years) with potential future recurring income ✓ Final stage of negotiati
Slide 20: Battersea Power Station
Battersea Power Station Meanwhile use: Phase 1 (Circus West i. Neon avatar Village) ii. Jurrasic World Completed in 2017 ✓ Commencement of Phase 3C is critical to unlock future income streams & positive cashflow Phase 2 (The Power Station) Completed 2022 Apple HQ: Opened in June 2023 ✓ Site visit 9
Slide 21: Reiterating Setia Strategic Pillars
Reiterating Setia Strategic Pillars Year Qty of Plots Land Plots 2023 11 189 mil 2024 24 466 mil Total 35 655 mil Setia Regional Setia Alaman X 4 Setia Alam Township Setia Investment 4 km Properties 3 4 km Setia Industrial 2 Setia Township 1 21
Slide 22: Summary Q2'25/1H'2025
Summary Q2’25/ 1H’2025 We shall accelerate our progress to-date, in keeping our commitment to achieve the targets for the year. Our strategic pillars & collaboration partners are the catalysts in unlocking value for sustainable profit – we look forward to a stronger 2H of 2025 RM 1,904 mil RM 1,714
Slide 23: Team
Team 23
Slide 24: Thank You
Summary Setia SPICE Convention Centre, Penang Thank You Setia Fontaines, Pulau Pinang Setia Alaman Industrial Park, Klang, Selangor Sapphire bv the Gardens, Melbourne, Australia 24
Slide 25: 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