91 st Annual General Meeting PRESENTATION TO SHAREHOLDERS| 21 August - - PowerPoint PPT Presentation

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91 st Annual General Meeting PRESENTATION TO SHAREHOLDERS| 21 August - - PowerPoint PPT Presentation

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91 st Annual General Meeting PRESENTATION TO SHAREHOLDERS| 21 August 2018 Outline 1. FY16 Annual Results Review 2. FY17 STRATEGY ACE800 FYE 2018 Financial Highlights 3. BUDGET FY17 Seri Tanjung Pinang Phase 2A Update MSWG

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91st Annual General Meeting

PRESENTATION TO SHAREHOLDERS| 21 August 2018

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Outline

  • 1. FY16 Annual Results Review
  • 2. FY17 STRATEGY – ACE800
  • 3. BUDGET FY17

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  • FYE 2018 Financial Highlights
  • Seri Tanjung Pinang Phase 2A Update
  • MSWG Questions
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FYE 2018 Financial Highlights

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Group Financial Highlights

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  • The

total PAT achieved for FYE 31 March 2018, which stood at RM112.7 million

  • The higher revenue recognized for financial year ended 31 March 2018 was

mainly from the Property segment Description FYE 2018 (RM’000) FYE 2017 (RM’000)

Revenue

982,706 704,764

Gross Profit

374,828 253,116

Gross Margin

38% 36%

Profit after tax

112,696 90,916

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Description 12 months ended 31.03.2018 12 months ended 31.03.2017 Variance Revenue RM’000 Operating profit / (loss) RM’000 Revenue RM’000 Operating profit / (loss) RM’000 Revenue RM’000 Operating profit RM’000 Property segment

880,008 266,929 593,655 174,883 286,353 92,046

Hospitality

98,872 30,369 108,968 4,191 (10,096) 26,178

Investment & Others

3,826 (40,309) 2,141 (21,988) 1,685 (18,321)

Total

982,706 256,989 704,764 157,086 277,942 99,903

Segmental Results – Operating profit

  • The Property segment recorded an increase in revenue of RM286.4m. The increase is mainly due to maiden

revenue recognition from the sale of 20% reclaimed land in STP2A to KWAP (RM221m). Higher sales of completed properties in STP1 namely Andaman Condominiums and in Princes House, London also contributed to higher revenue recognition.

  • The operating profit of property segment has increased by RM92.0m mainly attributed to the sale of 20% reclaimed

land to KWAP.

  • Revenue in Hospitality segment decreased following the disposal of TDG and the disposal of EOE (which owned

Lone Pine Hotel). The disposal of EOE contributed a gain of RM24.5m in which resulted in an increase in operating profit.

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E&O’s Sales & Unbilled Sales

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Unbilled Sales FY2018 RM 480.7m

  • New sales achieved of RM387.5m
  • Unbilled sales of RM480.7m will be progressively recognised over FY19 and FY20
  • Unbilled sales to KWAP of RM689.420m is not included in the above

Sales FY2018 RM 387.5m

Penang 65% Klang Valley & Others 7%

Johor 10%

UK 18%

Penang 93% Klang Valley & Others 2% Johor 5%

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Selling down Inventories

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212,357 457,940 537,059 478,628 456,639 460,053 434,373 393,281 324,417

100,000 200,000 300,000 400,000 500,000 600,000 Mar/16 Apr/16 May/16 Jun/16 Jul/16 Aug/16 Sep/16 Oct/16 Nov/16 Dec/16 Jan/17 Feb/17 Mar/17 Apr/17 May/17 Jun/17 Jul/17 Aug/17 Sep/17 Oct/17 Nov/17 Dec/17 Jan/18 Feb/18 Mar/18

E&O Inventories

Selling down inventories consistently

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Financial Position

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Description As at 31.03.2018 (RM’000) As at 31.03.2017 (RM’000) Cash & Cash Equivalent 521,568 298,929 Net Borrowing 1,129,005 1,233,420 Total Equity 1,847,000 1,698,831 Net Gearing (Times) 0.61 0.73 Net Asset per stock unit (RM) 1.42 1.35 Unutilised banking facilities in excess of RM2 billion earmarked to support project development

Healthy cash balance and banking lines

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Shareholders’ Returns

FYE 2010 2011 2012 2013 2014 2015 2016 2017 2018

Net Dividend per stock unit (sen)

2.9 1.5 3.2 3.4 3.0 ^ 2.0 3.0 *

* Propose dividend via distribution of treasury stock units on the basis of one (1) stock unit for every fifty (50) existing ordinary stock units ^ For FY2015, dividends were paid in the form of 24,601,619 treasury shares on 27 October 2016 with closing market share price of RM1.58 per share. Stock units (net of treasury shares) on 6 October 2016 (the ex-dividend entitlement date) stood at 1,230,343,844

Remains a trustee stock, maintaining continuous & consistent dividend payout since 2010

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Seri Tanjung Pinang Phase 2A Update

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STP2 – Building on the success of STP1

An exemplar development in the making

Harbourside

Pierside Straits Quay

STP 2B STP 2A

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STP 1

All figures rounded up

Strictly Private & Confidential - Not For Circulation

STP 2C

STP2 Island STP2A (Acre) STP2B & STP2C (Acre) Total STP2 (Acre) Residential 73 252 325 Commercial 93 71 164 Open Space & Buffer 25 66 91 Government Reserve

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60 Amenities/ Utilities/ Infrastructure 62 59 121 Island total area 253 507 760

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We built 3000 homes with a GDV

  • f RM5.5 Billion in 11 years

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Tamarind

Feb’15

Cayman

Oct’10

Quayside Condominiums

2010 • 2011

Andorra

2014

Andaman

Nov’11 • Jun’12

  • Nov’13

Avalon

Jun’06

Straits Quay Mall Marina Convention Centre

Martinique

Dec’07

Acacia

2008

Amaris

2015

Ariza 1A

Oct’05

Caspian

Oct’10 • Sep’11

Abrezza

Dec’07

Skye

Dec’07

Ariza Duo 1B

Nov’06

Ariza 1E

Jul’09

Straits Quay Suites

Jul’07 • Sep’09 • Jul’09

Bungalo w parcels

2006

Seri Tanjung Pinang Phase 1

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STP2 Progress Update

Planning permission for STP2 granted by Penang State authorities Called for Pre-Q tender Tender submission deadline STP2 reclamation contractor appointed Ex-gratia payment to affected fishermen

Operationalising Seri Tanjung Pinang Phase 2

Commence ment of Works approved by Penang State authorities STP2 RM1.084 billion banking facility secured Installation

  • f anti-climb

secure fencing along Gurney Drive began Installation

  • f fencing

along Gurney Drive completed Construction

  • f perimeter

rock bund began Dredging works started Creation of perimeter sand bund commenced Tong Tu, a Trailer Suction Hopper Dredger (TSHD), mobilized to facilitate reclamation works 2018 Targeted completion

  • f STP2A

reclamation E&O-KWAP partnership for STP2A sealed Feb 2016 May 2016 May 2016 May 2016 Dec 2016 Mar 2017 Jun 2016 Dec 2014 Dec 2014 May 2015 Jun 2015 Jul 2015 Oct 2015 Oct 2015 Dec 2015 2nd round of ex-gratia payment to affected fishermen

>> >>

E&O shareholders approved land disposal to KWAP, cementing E&O – KWAP deal Aug 2017

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Reclamation Time-lapse Video

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Sand fill Progress : + 2 meters from sea level

April 2017 – 45% July 2018 – 95%

*CD, or Chart Datum is the level of water that charted depths displayed on a nautical chart are measured from *

Note: For presentation only

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Reclamation Progress STP2A [1/3]

Gurney Drive

Gurney Plaza

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Reclamation Progress STP2A [2/3]

Seri Tanjung Pinang 1

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Reclamation Progress STP2A [3/3]

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Upcoming Projects

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The Conlay

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  • Land size - 1.44 acres
  • Net Saleable area – 460,000 sf
  • GDV - RM880 million

* Artist’s impression

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The Peak

  • Land size - 3.71 acres
  • Net Saleable area - 190,000 sf
  • GDV – RM 278 million
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Conclusion

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