Sunway Bhd. · MYX:SUNWAY
Sunway Bhd — Invest Johor 2024
53 slides from Sunway Bhd's conference presentation, Aug 15, 2024
Slide 1: Invest Johor 2024
Invest Johor 2024 Sunway Berhad Corporate Presentation 15 August 2024
Slide 2: Table of Contents
Table of Contents 1. Sunway Group at a Glance 2. Divisional Information 3. Key Financial Information 4. Advancing Sustainability 2
Slide 3: Sunway Group at a Glance
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Slide 4: One of Southeast Asia's Leading Conglomerate
One of Southeast Asia’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
Slide 5: One of Southeast Asia's Leading Conglomerate
One of Southeast Asia’s Leading Conglomerate Listed on the Main Market of Bursa Malaysia Securities Berhad with a combined Indices Representation market capitalisation of RM36 billion (as at 31 July 2024) Tan Sri Dato’ Seri Sir Dr. Jeffrey Cheah KBE AO (total direct and deemed interest) 60.7% Sunway
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 Southeast Asia's Leading Conglomerate
One of Southeast Asia’s Leading Conglomerate Others 14% Property Construction Investment1 27% 30% Revenue Healthcare Profit Others2 15% 35% Before Tax RM6,140 million RM993 million (FY2023) (FY2023) Property Construction Property Property Development 20% Development Investment1 23% 21% 15% Sunway’s
Slide 8: Investment Thesis
Investment Thesis Visible growth pipeline for Healthcare One of the leading conglomerates Southern region is the next growth in ASEAN 01 02 engine Sunway transformed from a Robust 50 years Growing into new frontiers “wasteland to a wonderland.” of brand Growth (Property development - Industrial Stra
Slide 9: Property Development
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Slide 10: A Master Community Developer
A Master Community Developer Total Landbank1 2,472 acres China Total GDV1 RM56.3 billion Unbilled Sales2 RM4.2 billion Malaysia Singapore Note 1 Information as at 30 June 2024 2 Information as at 31 March 2024 10
Slide 11: 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 2,000 acres 11
Slide 12: 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) 12
Slide 13: Sunway City Iskandar Puteri – The Nature's Capital City
Sunway City Iskandar Puteri – The Nature’s Capital City 30% DEVELOPED AND PIPELINE DEVELOPMENT 40% DEDICATED GREEN PRESERVED IN THE Equalbase Sunway MASTERPLAN 103° Free Commercial Zone 30% FUTURE DEVELOPMENT 13
Slide 14: Strategic Location with Comprehensive Connectivity
Strategic Location with Comprehensive Connectivity 5 minutes Proposed HSR Direct access to CIQ Second Link Bridge (Tuas Link) 10 minutes Port of Tanjung Pelepas Jeffery Cheah School Of Medicine & Health Science 25 minutes Senai International Airport 30 minutes CIQ Bukit Chagar (RTS) 20mi Port of Tan
Slide 15: Sunway City Iskandar Developments
Sunway City Iskandar Developments Updated as at November 2021 Sunway Citrine Sunway Grid Sunway Big Box Hotel Wisma Sunway Big Box Sunway International School Driving Range Sunway Big Box Retail Park SJK (C) Cheah Fah 15
Slide 16: 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 Potential Job Creation facilities 13,000 Phase 1 GFA: 2.2 million sq.ft. Target Completion: En
Slide 17: Sunway City Ipoh – The Pulse of Perak
Sunway City Ipoh – The Pulse of Perak Banjaran Hotspring Retreat Lost World of Tambun Legend: Upcoming developments Completed projects 17
Slide 18: Total Investments of over RM2 billion in the next 3 years
Total Investments of over RM2 billion in the next 3 years Total Development Cost Net Lettable Ares (NLA) No. of Tenants Car Park Bays (Mall) 1 billion 988,000 sq. ft. > 200 >2,900 bays Sunway Ipoh Mall (Target opening: Q4 2027) Sunway Medical Centre Ipoh (Target opening: Q1 2025) 18
Slide 19: Strong Earnings Visibility
Strong Earnings Visibility Property launches and sales targets in 2024 Target Launches Target Property Sales RM2.1 billion RM2.6 billion 2023(A): RM4.4 billion 2023(A): RM2.4 billion 5Y Property Launches and Property Sales 2024 Planned Property Launches by Geography 4.4 88% of planned 3.1 launches i
Slide 20: Strong Earnings Visibility
Strong Earnings Visibility Unbilled Sales / Revenue (x) 6.7 Q1 FY2024 Property Sales RM498 million Marginally lower property sales in Q1 FY2024 was largely due 4.0 4.3 3.6 4.1 4.2 to no new property launches in 2.9 (Q1 FY2023: RM505 million) 3.0 Q1 FY2024. China 2% Property sales is expected to pick
Slide 21: Healthcare
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Slide 22: Sunway Healthcare Group
Sunway Healthcare Group 1 A Blue-Chip Multidisciplinary Healthcare Group 2 Bankable Runway with Clear Growth Trajectory Sunway Healthcare Group (SHG) is a leading integrated private Clear pipeline of tertiary hospitals: SMC Damansara (330 beds) and SMC healthcare group under the healthcare arm of S
Slide 23: An Integrated Healthcare Provider Offering Full Continuum of Care
An Integrated Healthcare Provider Offering Full Continuum of Care Advancing Medical Care since 1999 Flagship Hospital Tertiary Hospitals (Selangor and Kuching) x Upcoming Hospitals T E LE ME DI C I N E COMMAND CENTRE Tertiary, Quaternary & Rehabilitation Hospitals Ambulatory Care Centres Supportive
Slide 24: Boosting Growth with the Hub & Spoke Model
Boosting Growth with the Hub & Spoke Model ✓ Ability to generate cross- referrals from network hospitals to maximise utilisation and drive tertiary and quaternary care patients to SMC Sunway City. ✓ Stronger ability to attract the best doctors on the back of greater patient volumes driven by the net
Slide 25: State-of-the-art Medical Facilities
State-of-the-art Medical Facilities Updated as at November 2021 Rosa Robotic System ROSA® Knee System is a robotic A procedure that involves placing A powerful imaging technique that With greater reliability and accuracy, A treatment option for the most surgical assistant that enables surgeons radio
Slide 26: Hospital Expansion Plan in Malaysia
Hospital Expansion Plan in Malaysia Sunway City Kuala Lumpur Seberang Jaya, Penang Phase 1: 616 beds (Tower A, B & C) Phase 1: 205 beds (Opened) Phase 2: 269 beds (Tower D & E) Phase 2: 107 beds (Opening 2024) Phase 3: 216 beds (Tower F) Velocity Kuala Lumpur Paya Terubong, Penang Phase 1: 229 beds
Slide 27: Stellar, Award-Winning Operating Track Record
Stellar, Award-Winning Operating Track Record Multiple awards and accreditations from highly regarded international organisations recognise Sunway Healthcare Group’s commitment to provide the highest quality of care for its patients World’s Best Hospitals Newsweek 2024 The Australian Council on Heal
Slide 28: Collaborations with Global and Local Partners
Collaborations with Global and Local Partners With various industry collaborations, Sunway Healthcare Group enjoys many benefits such as attracting exceptional medical talents and access to early stage innovation, among others. Sunway Clinical Research Centre, Regional Site Partner Cambridge-Oxford-
Slide 29: Construction
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Slide 30: 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 o Roads, highways, airports, bridges and rail in Building Information Modeling System (“BIM /VDC”) transportat
Slide 31: Solid Diversified Order Book
Solid Diversified Order Book Sustainable Energy 2% India 3% As at 31 March 2024 Singapore Precast 10% Ongoing Infrastructure / 49 projects Piling Inhouse 7% Outstanding 34% Order Book Total Outstanding Order Book RM6.3 billion RM6.3 billion (As at 31 March 2024) YTD New Order Book Secured Building R
Slide 32: Solid Diversified Order Book
Solid Diversified Order Book Order Book Completion Contract Sum Outstanding Order Book Order Book Completion Contract Sum Outstanding Order Book (As at 31 March 2024) (RM mil) (RMmil) (%) (As at 31 March 2024) (RM mil) (RMmil) (%) BUILDING 2,767 44 SINGAPORE 630 10 Oxley Tower (MEP) + VO Q4 2024 76
Slide 33: Solid Diversified Order Book
Solid Diversified Order Book Order Book Client Completion Contract Sum (As at 10 June 2024) (RM million) Sunway Ipoh Mall Sunway Lost World Water Park Sdn Bhd Q1 2027 721 Early Contractor Involvement (ECI) & Work Order 1A & Multinational Technology Company Q4 2024 60 1B (Package A&B) Multinational T
Slide 34: Property Investment & REIT
Property Investment & REIT 34
Slide 35: 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 30 June 2024) RM5.3 billion Distribution Per Unit (DPU) (FY2023) 9.30 sen Property Value (as at 30 June 2024)1 RM9.5 billion Distribution Yield (as at 30 June 2023) 6.0% Net Property Inc
Slide 36: Portfolio Value Creation Through Acquisitions
Portfolio Value Creation Through Acquisitions Sunway Medical Wisma Sunway REIT Sunway Sunway Sunway Medical Centre Sunway Industrial – university and Pier Centre IPO (Tower A & B) Shah Alam 1 college campus (Tower A & B) 8 Assets RM313 mil RM62 mil RM92 mil RM556 mil RM37 mil RM430 mil Jul Mar Dec J
Slide 37: Portfolio Value Creation Through AEIs & Brownfield
Portfolio Value Creation Through AEIs & Brownfield Sunway Hotel Sunway Hotel Sunway Resort Hotel Ballroom and Sunway Carnival Mall Sunway Resort Hotel New Wing Refurbishment Sunway Pyramid Mall Seberang Jaya Seberang Jaya Function Rooms Refurbishment Oasis RM17 mil RM460 mil RM55 mil RM440 mil RM260
Slide 38: Other Divisions
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Slide 39: 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. 39
Slide 40: 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 41: 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 42: 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 42
Slide 43: Key Financial Information
Key financial Information 43
Slide 44: Financial Overview
Financial Overview Financial Performance Snapshot for Q1 FY2024 12% 18% 22% Revenue Profit Before Tax PATMI RM1,419 million RM227 million RM172 million (Q1 FY2023: RM1,264 million) (Q1 FY2023: RM192 million) (Q1 FY2023: RM142 million) Financial Position as at 31 March 2024 Total Equity Shareholders’
Slide 45: Strong Financial Track Record (5Y Trend)
Strong Financial Track Record (5Y Trend) Revenue (RM million) Profit Before Tax (RM million) 6,141 5,195 4,195 3,717 12% 18% 3,209 909 993 1,419 804 1,264 490 456 192 227 FY2019 FY2020 FY2021 FY2022 FY2023 Q1 FY2023 Q1 FY2024 FY2019 FY2020 FY2021 FY2022 FY2023 Q1 FY2023 Q1 FY2024 2019 2020 2021 2022
Slide 46: Capital Management
Capital Management Total Equity & Shareholders Funds Total Gross Borrowing and WAIR 4.56 4.57 3.99 3.85 15.0 15.2 14.2 15.3 13.9 13.1 12.5 12.0 2.82 2.52 10,280 10.3 9,650 9.4 9.5 8,715 9,056 8,295 8.4 7,511 7,353 7,610 7,098 5,741 5,904 5,272 2019 2020 2021 2022 2023 Mar-24 2019 2020 2021 2022 2023
Slide 47: Total Shareholder's Return
Total Shareholder’s Return Sunway 268% Total Shareholder Return 386% (August 2011 – June 2024) FBM Emas 21% BM Property 12% Aug 2011 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Jun 2024 FBM KLCI 7% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Dividend - 6.00
Slide 48: In Conclusion
In Conclusion Mid-Term Growth Drivers Healthcare Property Development o Closely monitoring the development of the Johor- o SHG continues to focus on increasing bed capacity at its Singapore Special Economic Zone (“JS-SEZ”) and three operating hospitals and new hospitals, providing exploring opportun
Slide 49: Advancing Sustainability
Advancing Sustainability 49
Slide 50: Advancing Sustainability
Advancing Sustainability o Sunway Group is a strong advocator of ESG practices in its business model which has proven to enhance the value creation to its stakeholders. o The Group commits to aligning ESG practices with the internationally renowned 17 United Nations Sustainable Development Goals (UN
Slide 51: Advancing Sustainability
Advancing Sustainability Sunway aims to achieve Net Zero Carbon Emissions by 2050 Internal Carbon Pricing Green Lease Embodied Carbon Emissions Roadmap 51
Slide 52: Advancing Sustainability
Advancing Sustainability 2 Green Certified Townships 37 Green Certified Buildings Sunway’s Sustainability Goals Transforming Our Portfolios SUNWAY CITY KUALA LUMPUR Greenscapes and 1 bluescapes to Low-Carbon Sustainable (GBI Silver-certified township) 40% Cities ECONOMIC DIMENSION BIODIVERSITY INTER
Slide 53: 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