Sime Darby Property : 50th Annual General Meeting

50th Annual General Meeting

Corporate Presentation

24 May 2023 | Virtual from KLGCC

simedarbyproperty.com

Table of Contents

1. 2022 at a Glance
2. FY2022 Financial & Operational Highlights
3. Battersea Power Station
4. Sustainability
5. Market & Sector Outlook
6. Our Strategy Moving Forward
7. Appendices

Page

3 - 7

8 - 16

17 - 18

19 - 21

22 - 23

24 - 28

30 - 34

2

2022 at a Glance

3

FY2022 Key Highlights

Robust revenue and PBT growth of 24% and 64% respectively recorded in FY2022; Highest operating profit since de-merger; Declared a second single tier dividend of 1 sen per share in Q4 FY2022 amounting to a total dividend declared of 2.0 sen per share

Financial

Revenue 24%

RM2,742.1 million

(FY2021: RM2,216.6 million)

Cash Position 8.3%

RM985.3 million

(As at 31 Dec 2021: RM909.7 million)

Operating Profit 54%	Profit Before Tax 64%	PATAMI	>100%
RM487.8 million	RM458.9 million	RM315.8 million
(FY2021: RM317.7 million)	(FY2021: RM280.5 million)	(FY2021: RM146.9 million)
Net Gearing Ratio	Dividend Declared
21.8%	RM136.0 million
(As at 31 Dec 2021: 31.3%)	2.0 sen per share; 43.1% payout ratio
	(FY2021: 1.0 sen per share; 46.3% payout ratio)

Operational

Highest Sales Achieved	Units sold	GDV Launches	Unbilled Sales
since Demerger	3,332 units	RM2.6 billion	RM3.6 billion
RM3.7 billion		GDV from 2,045 units
exceeded sales target of	Units Delivered
1,855 units
RM2.6 billion

4

Key Milestones (1/2)

Remarkable milestone in Industrial & Logistics business with the groundbreaking of IDF's maiden assets, E-Metro Logistics Park in Bandar Bukit Raja; Official launch of the iconic Battersea Power Station

Groundbreaking of E-Metro Logistics Park as IDF's maiden assets		Battersea Power Station Official Launch

• Groundbreaking of its maiden assets, E-Metro Logistics Park in Bandar Bukit Raja, Klang
• • First phase - Metrohub 1 and 2 totalling ~2mil sq.ft. of GLA expected to be completed for prospective tenants from H2 2023 onwards
• Secured another 20% in capital commitment in FY2022 to a total of 70% for a fund size up to US$250mil; Anchored by PNB and KWAP as First Close investors; To close remaining 30% of the fund in FY2023

• His Majesty The Yang di-Pertuan Agong officiated the opening ceremony ahead of its public launch on 14 October 2022.
• Welcomed more than a quarter of a million visitors during its opening weekend

SDPMIT JV's Third Project Commenced in Bandar Bukit Raja Industrial Gateway		KLGCC Brand Launch Graced by Raja Permaisuri Agong

• Groundbreaking of a multi- tenanted Ready-Built Warehouse
• Secured pre-committed tenancy by CEVA Logistics and SL Ng - which will occupy the two-storeywarehouse with ~487,000 sq. ft. GFA

The Kuala Lumpur Golf & Country Club brand has

returned as the Crown Jewel of the KLGCC Resort

5