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YTL Corp Ar05•Corp Fa YTL CORPORATION BERHAD 92647-H the journey continues… annual report 2005 CELEBRATING 50 YEARS OF RUNNING THE GOOD RACE YTL CORPORATION BERHAD 05 YTL CORPORATION the journey begins... This year marks YTL’s 50th Anniversary. YTL Corporation Berhad was listed on the Main Board of Bursa Malaysia Securities Berhad on 3 April 1985, with listing on the Tokyo Stock Exchange following on 29 February 1996. YTL has its roots in Kuala Selangor in 1955, two years before modern Malaysia achieved her long–awaited independence from British colonial rule. Top: YTL’s first fleet Middle: YTL’s founder, Tan Sri Dato’ Seri (Dr) Yeoh Tiong Lay (second from right) ensuring quality control at each construction site Bottom: The listing ceremony at the Tokyo Stock Exchange CONSTRUCTION CONTRACTING 2 BERHAD 05 YTL CORPORATION 1950s & 1960s YTL's experience developed rapidly in National Healthcare Network meeting the country's immediate construction needs, from military and In the late 1970s, YTL began constructing hospitals such as the police camps to town halls, and other Klang General Hospital. The Group also constructed the Kuala public sector and institutional Terengganu General Hospital, the country's first turnkey buildings vital to give the newly–formed hospital contract. country its identity and direction. The Government instituted its Nucleus Concept in the 1980s for the development of a comprehensive rural health network throughout the peninsula, as an integral component of the nation's progress. YTL constructed 12 district hospitals throughout the country under this programme, and continued to utilise its expertise in this area to construct further hospitals such as the Seri Alam Medical Centre. Educational Centres In the 1970s, YTL began contributing to the Government's programme to eradicate illiteracy ad achieve educational excellence. Since then, the Group constructed numerous academic institutions ranging from science schools in Sungai Petani and Kangar, and teachers' and public servants' training centres, to university campuses in Kota Bharu and Sri Iskandar in Perak. 3 YTL CORPORATION BERHAD 05 Contribution to the Nation's Modernisation The Group's established reputation for expertise, reliability and efficiency created a flood of demand for our services during the high–rise era of the 1980s and 1990s, when the country was gripped by the momentum to modernise. Decades of experience enabled the Group to undertake construction on a vast array of projects, ranging from high profile commercial buildings in Kuala Lumpur such as the Citibank and MAS headquarters, to town halls in Klang and dedicated terminal facilities in Labuan. National Infrastructure Projects In 1998, the Engineering Procurement and Construction contract for the Express Rail Link project connecting Kuala Lumpur to Kuala Lumpur International Airport was awarded to a consortium comprising Siemens AG, Siemens Electrical Engineering Sdn Bhd and YTL. YTL completed construction on schedule in 2002 and currently owns a 50% stake in Express Rail Link Sdn Bhd. Construction is the core competency on which YTL's foundations were built and the Group is proud of its 50–year track record of contributing to the nation's infrastructure development needs. CEMENT MANUFACTURING 4 BERHAD 05 YTL CORPORATION 1997 YTL Cement Berhad Transferred to Main Board 1970s & 1980s On 26 June 1997, the listing of YTL YTL's cement operations commenced in the late 1970s primarily to support and Cement Berhad was transferred to the complement the construction division. The setting up of plants at our Main Board of Bursa Malaysia Securities construction sites improved efficiency and greatly reduced completion times for Berhad (Industrial Products sector). these projects. Directors of YTL Cement Berhad at the The division started with a single plant and only six trucks but the buoyant listing ceremony. From left: Dato’ Yeoh Seok construction industry fuelled rapid growth throughout the 1980s. Kian, Tan Sri Dato’ Seri (Dr) Yeoh Tiong Lay, Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, Joseph Benjamin Seaton, Dato’ Hj Mohd Zainal Abidin Bin Hj Abdul Kadir and YM Raja Dato’ Wahid Bin Raja Kamaralzaman. 1993 In 1993, YTL Cement Berhad (then known as Buildcon Berhad) was listed in the Industrial Products sector on the Second Board of Bursa Malaysia Securities Berhad. Expansion continued with the addition of new batching plants throughout the country and the commencement of operations at two slag cement grinding plants in Westport in Port Klang and Pasir Gudang, Johor in 1996. 5 YTL CORPORATION BERHAD 05 1998 Official Launch of the Pahang Cement Plant Operations commenced in 1998 at Pahang Cement Sdn Bhd's state of Tan Sri Dato' (Dr) Francis Yeoh Sock Ping with the art plant at Bukit Sagu, Tan Sri Dato' Sri Haji Mohd Khalil bin Yaakob, Pahang, undertaken as a joint former Menteri Besar of Pahang Darul Makmur, venture between YTL and the witnessing Tun Dr. Mahathir Mohamad signing Pahang State Government. With a the commemorative plaque. capacity of 1.2 million tonnes per annum, this is the only integrated cement plant in the eastern corridor of Peninsula Malaysia. 2003 2004 Acquisition of Pahang resulting in Pahang Acquisition of 64.84% Stake in Perak–Hanjoong Cement Sdn Bhd Cement Sdn Bhd becoming Simen Sdn Bhd a wholly–owned subsidiary On 12 September 2003, YTL of YTL Cement Berhad. In 2004, YTL Cement Berhad acquired a 64.84% equity interest Cement Berhad entered in Perak–Hanjoong Simen Sdn Bhd, comprising a 32.10% Pahang Deputy Menteri Besar, into an agreement with the stake acquired from Doosan Heavy Industries & Construction Dato' Abdul Rahim Abdul Majid Pahang State Government (left), exchanging documents with Co Ltd of Korea, and a 32.74% stake acquired from Danaharta to acquire the remaining Dato' Michael Yeoh Sock Siong. Managers Sdn. Bhd. With an annual capacity of 3.0 million 50% equity interest in Witnessing the exchange are Dato' metric tonnes per annum for clinker and 3.4 million metric Pahang Cement Sdn Bhd Seri Adnan bin Yaacob, Menteri tonnes per annum for cement, Perak–Hanjoong is the second which it did not already Besar for Pahang, Tan Sri Dato' largest integrated cement producer in the country. own. This acquisition was (Dr) Francis Yeoh Sock Ping completed in early 2004, and Dato' Yeoh Seok Kian. From left: Choi Ir–Ju, Chief Representative South–East Asian Countries for Doosan, Hasan Ameer Ali, Executive Director of Gopeng Berhad, Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, Sung Hee Lee, Executive Vice President & Chief Financial Officer of Doosan and Dato' Michael Yeoh Sock Siong at the signing ceremony to acquire Doosan's 32.10% stake PROPERTY DEVELOPMENT 1990s 1980s Pantai Hillpark, Kuala Lumpur 6 BERHAD 05 YTL CORPORATION Pantai Hillpark, with its Mediterranean– Development of Affordable Housing inspired architecture, was the Group's most successful high–end development YTL's early experience in property development stemmed from our involvement throughout the 1990s. Phase I was in the country's social housing schemes under the Government's 'Special Low launched in 1991, with subsequent Cost Housing' programme in the mid 1980s. We began innovating new design Phases II, III and V following shortly concepts for spacious, high–quality, low–cost housing, generating favourable thereafter, all to overwhelming responses from buyers and housing authorities alike. demand. Phase IV of the project was launched in 2001 and development is still ongoing on this very successful and sought–after project. Building a Strong Reputation and Brand Name Throughout the 1980s and 1990s, YTL undertook a raft of property development projects such as Taman Pakatan Jaya, an integrated satellite town in Ipoh, Perak, Taman Cahaya Masai comprising low and medium cost apartments, houses and shop lots in Johor, and Taman Puncak Kinrara comprising low and 1999 medium cost apartments, and double storey and terrace houses situated in Puchong. Acquisition of Starhill and Lot 10 & Development of Bintang Walk In February 1999, the Group completed its acquisition of the Lot 10 and Starhill shopping centres, together with the adjoining JW Marriott Hotel Kuala Lumpur. Shortly thereafter, YTL proceeded to transform the surrounding areas into a multi–million Ringgit, environmentally friendly shopping walkway known as 'Bintang Walk'. 7 YTL CORPORATION BERHAD 05 2002 Launch of the Sentul Masterplan In April 2002, YTL unveiled the new Sentul Masterplan, the Group's vision for the urban renewal of Sentul, in the heart of Kuala Lumpur. To date, the Group has launched luxury condominiums in each of the two distinct quadrants that make up Sentul – The Maple at Sentul West and The Tamarind at Sentul East. Earlier developments include the 2004 Sang Suria condominiums, completed in 2002. Sentul's unique features include the 35–acre Park at Lake Edge, Puchong Sentul West and the newly–completed Kuala Lumpur Performing Arts Centre. The Lake Edge development situated in Puchong was launched in April Tan Sri Dato' (Dr) Francis Yeoh Sock Ping and Dato' Yeoh 2004 and has seen excellent take–up Seok Kian at the launch of the Sentul Masterplan. rates. Lake Edge is a secure gated community with resort–like facilities, offering innovative new home designs such as Courtyard Homes, and Garden and Pavilion Terraces. 2005 2005 Lake Fields, Sungei Besi Starhill Gallery In 2005, continuing from the success On 30 July 2005, YTL revealed a of Lake Edge, the Group introduced spectacular new identity for Starhill its newest residential development in Gallery as a celebration of the latest the Klang Valley, Lake Fields at and best from international fashion, Sungei Besi. Set on the fringes of a art, beauty, food and living. Starhill charming lake, Lake Fields homes Gallery through its unique association stand at 3 storeys tall, creating a with architects and designers, generous sense of space. delivers "A Gallery of Rich Experiences" through specially themed floors – Feast, Indulge, Adorn, Explore, Relish, Pamper, Muse.
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