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STRENGTH & STABILITY PETRONAS Twin Towers were designed to symbolise strength using geometric principles of stability. KLCCP Stapled Group’s strength is reflected through its… iconic buildings in prime location, with superior infrastructure and connectivity leadership and capability to meet evolving needs of stakeholders robust financials and consistent revenue streams to pursue long-term targets and strategies creditable tenants and business partners who bring distinctive value enhancement This inherent strength lends stability and provides certainty in a challenging business environment. KLCCP Stapled Group has leveraged on both its Strength & Stability to well position itself to meet the needs of our stakeholders and to deliver on our commitments and remain resilient into the future. INS IDE 001 Vision, Mission and Shared Values 024 KLCC REIT Value Added Statement 002 Corporate Profile 025 KLCC REIT 004 Corporate Information Fund Performance 005 KLCCP Stapled Group Structure 028 Boards Of Directors 006 At A Glance 2014 Key Highlights KLCC Property Holdings Berhad KLCC REIT Management Sdn. Bhd. 008 Chairman’s Statement 030 Directors’ Profile 012 CEO’s Year in Review 038 KLCC Property Holdings Berhad 020 KLCCP Stapled Group Management Team Financial Highlights 040 KLCC REIT Management Team 022 KLCCP Stapled Group Value Added Statement 041 Awards & Recognition 023 KLCC REIT 042 Investor Relations Financial Highlights VISION To be the leading Real Estate Investment Group of Choice MISSION • Maximise Value of Investment and Returns to Holders of Stapled Securities • Committed to Deliver Sustainable Performance and Growth • Build Rounded Capabilities in Real Estate Investment INS IDEThis Report... 044 Corporate Governance Statement 167 KLCC REIT Property Portfolio 057 Statement on Risk Management 171 KLCC REIT and Internal Control Financial Statements 061 Audit Committees Report 227 Analysis of Shareholdings and Unitholdings 063 Additional Compliance Information 231 List of Properties of KLCCP Stapled Group 064 Corporate Responsibility & 234 Notice of Annual General Meeting Sustainability Report 083 KLCC Property Holdings Berhad • Administrative Details Financial Statements • Proxy Form 159 KLCC REIT Salient Features • Corporate Directory 160 KLCC REIT Structure 161 KLCC REIT Manager’s Financial & Operational Review SHARED VALUES • LOYALTY • COHESIVENESS - Loyalty to Corporation - United in Purpose and Nation and Fellowship • PROFESSIONALISM • INNOVATIVE - Committed, Proactive - Trend Setting and Always Striving for Mentality through Excellence Creation of New Products, Ideas • INTEGRITY and Ways of Doing - Honest and Upright 002 CORPORATE PROFILE KLCC Property Holdings Berhad (“KLCCP”) was Development, KLCCP owns Kompleks Dayabumi incorporated as a public limited company under the which is located within the older central commercial Companies Act 1965 on 7 February 2004 and was area of Kuala Lumpur. listed on the Main Board of Bursa Malaysia Securities Berhad on 18 August 2004. Two of KLCCP’s wholly-owned subsidiaries, namely KLCC Urusharta Sdn Bhd and KLCC Parking In 2013, KLCCP undertook a corporate restructuring Management Sdn Bhd, are engaged in providing exercise which involved the restructuring of KLCCP facility management services and car parking group into a stapled structure known as “KLCCP management services respectively. Stapled Group” where the existing ordinary shares of KLCCP are stapled together with the units in KLCC In addition, KLCC REIT Management Sdn Bhd, a Real Estate Investment Trust (“KLCC REIT”) forming wholly-owned subsidiary of KLCCP, has been appointed the resultant KLCCP Stapled Securities. to manage and administer the KLCC REIT in accordance with the objectives and investment policy On 9 May 2013, KLCCP Stapled Securities were of KLCC REIT. listed under the “REITs” sector of the Main Market of Bursa Malaysia Securities Berhad. KLCCP Stapled Group’s strength is reflected through its premium assets centred within the Upon completion of the corporate restructuring KLCC Development, one of the largest integrated exercise, the office buildings held by the subsidiaries real estate developments in the world. of KLCCP namely PETRONAS Twin Towers, Menara ExxonMobil and Menara 3 PETRONAS were acquired KLCCP Stapled Group, with its niche position in by KLCC REIT. property investment and facility management services, intends to continue to grow its earnings Whilst KLCCP still owns a diverse property portfolio potential by building on the strength of its premium largely within the KLCC Development comprising assets, maintaining high standards in its operational Suria KLCC (a leading shopping mall) and Mandarin performance and exploring prospects for sustainable Oriental, Kuala Lumpur (a luxury hotel), KLCCP also progress. has 33% interest in Menara Maxis. Outside the KLCC 003 004 CORPORATE INFORMATION KLCC PROPERTY HOLDINGS BERHAD (“KLCCP”) & KLCC REAL ESTATE INVESTMENT TRUST (“KLCC REIT”) MANAGER FOR KLCC REIT DATUK HASHIM BIN WAHIR DATUK PRAGASA MOORTHI A/L (Chief Executive Officer) KRISHNASAMY KLCC REIT Management Sdn. Bhd. (Non-Independent Non-Executive Director) DATUK MANHARLAL A/L RATILAL (Non-Independent Non-Executive Director) MR. AUGUSTUS RALPH MARSHALL BOARDS OF DIRECTORS OF KLCCP AND (Independent Non-Executive Director) THE MANAGER DATUK ISHAK BIN IMAM ABAS (Non-Independent Non-Executive Director) CIK HABIBAH BINTI ABDUL MR. KRISHNAN C K MENON (Independent Non-Executive Director) (Independent Non-Executive Director/Chairman) DATO’ HALIPAH BINTI ESA (Independent Non-Executive Director) BOARD AUDIT COMMITTEES OF KLCCP AND SHARE REGISTRAR FOR KLCCP AND KLCC REIT INTERNAL AUDITOR THE MANAGER Tricor Investor Services Sdn. Bhd. Group Internal Audit Division MR. AUGUSTUS RALPH MARSHALL Level 17, The Gardens North Tower KLCC (Holdings) Sdn Bhd (Chairman) Mid Valley City, Lingkaran Syed Putra Levels 33 & 34 DATUK MANHARLAL A/L RATILAL 59200 Kuala Lumpur Menara Dayabumi DATO’ HALIPAH BINTI ESA Telephone No. : 03-2264 3883 Jalan Sultan Hishamuddin CIK HABIBAH BINTI ABDUL Facsimile No. : 03-2282 1886 50050 Kuala Lumpur Telephone No. : 03-2783 6000 NOMINATION AND REMUNERATION Facsimile No. : 03-2783 7810 COMMITTEES OF KLCCP AND THE MANAGER TRUSTEE FOR KLCC REIT DATO’ HALIPAH BINTI ESA (Chairperson) Maybank Trustees Berhad PRINCIPAL BANKERS FOR DATUK MANHARLAL A/L RATILAL 8th Floor, Menara Maybank KLCCP AND KLCC REIT CIK HABIBAH BINTI ABDUL 100, Jalan Tun Perak 50050 Kuala Lumpur CIMB Islamic Bank Berhad COMPANY SECRETARIES OF KLCCP AND THE Telephone No. : 03-2070 8833/ CIMB Bank Berhad MANAGER 2070 8363 Malayan Banking Berhad Facsimile No. : 03-2070 9387 EN. ABD AZIZ BIN ABD KADIR (LS0001718) Levels 33 & 34 STOCK EXCHANGE LISTING Menara Dayabumi PROPERTY MANAGER FOR KLCC REIT Jalan Sultan Hishamuddin Listed on Main Market of Bursa Malaysia 50050 Kuala Lumpur Rahim & Co Chartered Surveyors Sdn Bhd Securities Berhad on 9 May 2013 Telephone No. : 03-2783 6000 Level 17, Menara Uni.Asia Stock Code : 5235SS Facsimile No. : 03-2783 7810 1008, Jalan Sultan Ismail Stock Name : KLCC 50250 Kuala Lumpur MR. YEAP KOK LEONG Telephone No. : 03-2691 9922 (MAICSA 0862549) Facsimile No. : 03-2691 9992 c/o Tricor Corporate Services Sdn Bhd Level 18, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra SHARIAH ADVISER FOR KLCC REIT 59200 Kuala Lumpur Telephone No. : 03-2264 8888 CIMB Islamic Bank Berhad Facsimile No. : 03-2282 2733 Level 34, Menara Bumiputra Commerce 11, Jalan Raja Laut REGISTERED OFFICE OF KLCCP AND THE 50350 Kuala Lumpur MANAGER Telephone No. : 03-2619 1188 Facsimile No. : 03-2619 3657 Level 54, Tower 2 PETRONAS Twin Towers Kuala Lumpur City Centre AUDITORS 50088 Kuala Lumpur Telephone No. : 03-2783 6000 Ernst & Young (Firm No. AF 0039) Facsimile No. : 03-2783 7231 Level 23A, Menara Milenium Jalan Damanlela CORPORATE OFFICE OF KLCCP AND THE Pusat Bandar Damansara MANAGER 50490 Kuala Lumpur Telephone No. : 03-7495 8000 Levels 33 & 34 Facsimile No. : 03-2095 9076/78 Menara Dayabumi Jalan Sultan Hishamuddin 50050 Kuala Lumpur Telephone No. : 03-2783 6000 Facsimile No. : 03-2783 7810 KLCCP Stapled Group 005 KLCCP STAPLED GROUP STRUCTURE KLCCP Stapled Group Each ordinary share is stapled to each unit (“Stapled Securities”) KLCC Property KLCC Real Estate Holdings Berhad Investment Trust (“KLCCP”) (“KLCC REIT”) (641576-U) Subsidiaries and Associate Portfolio of Real Estate Properties 100% KLCC REIT Management Sdn Bhd PETRONAS Twin Towers (Manager of KLCC REIT) 100% Kompleks Dayabumi Sdn Bhd Menara 3 PETRONAS (Dayabumi) 100% Impian Cemerlang Sdn Bhd Menara ExxonMobil (Vacant Land (Lot D1)) 100% KLCC Parking Management Sdn Bhd (Car Park Management) 100% KLCC Urusharta Sdn Bhd (Facilities Management) 100% Arena Merdu Sdn Bhd (Inactive) 100% Arena Johan Sdn Bhd (Inactive) 100% Midciti Resources Sdn Bhd (Inactive) 75% Asas Klasik Sdn Bhd (Mandarin Oriental, Kuala Lumpur) 60% Suria KLCC Sdn Bhd (Suria KLCC) 33% Impian Klasik Sdn Bhd (Menara Maxis) Annual Report 2014 006 AT A GLANCE 2014 KEY HIGHLIGHTS REVENUE RM 1.4 BILLION OPERATING PROFIT RM KLCCP STAPLED GROUP 1.0 BILLION INVESTMENT PROPERTIES PROFIT FOR THE YEAR RM 14.5 RM BILLION 1.2 NET ASSET VALUE BILLION PER STAPLED SECURITY RM 6.66 KLCCP Stapled Group 007 PROPERTY VALUE RM 8.9 BILLION MARKET CAPITALISATION RM 12.1 KLCC REIT BILLION DISTRIBUTION YIELD REVENUE (KLCCP Stapled Group) 5.01% RM 592.9 MILLION ANNUALISED NET PROPERTY DPU INCOME RM 564.7 19.68 MILLION SEN Annual Report 2014 008 CHAIRMAN’S KRISHNAN C K MENON Chairman 009 “...KLCCP Stapled Group
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