Resources for Growth
Corporate Briefing 2012
MALAYSIAN RESOURCES CORPORATION BERHAD Contents:
1) MRCB Group of Companies
2) Property Development
3) Engineering & Construction
4) Infrastructure - Environmental Projects
5) Recurring Income Business Divisions: Toll Concessions, Property Investments and Building Facilities Management
Page 2 Top 3 Shareholders as at 29 June 2012
Top 3 Shareholders No. of shares %
Employees' Provident Fund 585,070,800 42.20% Public Bank's Fund Management 149,821,000 10.81%
Lembaga Tabung Haji 61,867,273 4.46% Total paid-up share capital 1,386,467,043 shares Number of shareholders 36,991
Page 3 Consensus Revenues & Earnings Forecasts Revenue 2012 2013 2014 Net Profit 2012 2013 2014 Hwang DBS 1,374.0 1,600.0 1,588.0 Hwang DBS 78.0 102.0 113 Affin Securities 1,714.2 1,717.4 1,720.8 Affin Securities 75.9 110.9 112.0 RHB Securities 1,507.7 1,905.6 2,748.1 RHB Securities 87.4 122.7 165.8 OSK Research 1,213.1 1,522.3 1,660.6 OSK Research 85.0 105.3 CIMB Securities 1,757.0 2,006.0 2,293.0 CIMB Securities 78.9 100.1 122.7 KAF 1,489.8 1,385.6 2,009.7 KAF 83.2 78.0 153.0 Kenanga 1,305.5 1,281.3 Kenanga 109.2 116.2 UOB Kay Hian 1,749.0 1,969.0 2,093.0 UOB Kay Hian 83.0 187.0 205 CLSA 1,552.0 1,671.0 1,759.0 CLSA 82.0 99.0 114.0 Hong Leong 1,637.5 1,970.0 2,327.0 Hong Leong 69.4 162.2 251.2 AM Research 1,363.2 1,405.3 1,413.6 AM Research 80.0 88.3 99.0 MIDF 1,897.3 MIDF 85.0 SJ Securities 1,470.5 SJ Securities 80.0 Average 1,540.8 1,675.8 1,961.3 Average 82.8 115.6 148.4
Recommendation Call Target RM Date Hwang DBS Buy 2.70 7-May-12 Affin Securities Buy 2.71 10-Feb-12 RHB Securities Trading Buy 2.02 18-Jun-12 OSK Research Trading Buy 2.38 23-May-12 CIMB Securities Trading Buy 1.90 23-May-12 KAF Buy 2.36 23-May-12 Kenanga Outperform 2.71 23-May-12 UOB Kay Hian Buy 2.03 18-Jun-12 CLSA Sell 1.80 9-Feb-12 Hong Leong Buy 2.50 25-Jun-12 AM Research Hold 2.30 23-May-12 MIDF Neutral 2.43 10-Feb-12 SJ Securities Neutral 2.45 15-Feb-12 All Calls 9 Buys; 3 Holds; 1 Sell 2.33 Page 4 Section 1 MRCB Group of Companies A Focused Property Developer and Infrastructure / Construction Group of Companies
Property Engineering & Environment & Building Services Development Construction Infrastructure
Urban high rise Buildings and high rise River Facilities Management residential & rehabilitation commercial Building Maintenance developments Civil & Infra works Coastal Car Park Services Transport hub engineering Residential Development Toll Township concessions IT Services & Infrastructure Energy-Power Network & Industrial shop offices Transmission expressways Telecommunications & Real Estate Intelligent Systems
Page 6 Section 2 Property Development
Kuala Lumpur Sentral Development Bandar Seri Iskandar Senawang Sentral Penang Sentral Development Jalan Kia Peng/Stonor Residential Development Batu Ferringhi, Penang Selbourne 2 Setapak Lot F MRCB Land
Property Investment Development Properties
Kuala Lumpur Sentral Lot G - Nu Sentral* Bandar Seri Iskandar Platinum Sentral Senawang Sentral Lot 348 – Shell Tower & Ascott Residences* Penang Sentral Development**
Jalan Kia Peng Residential** Plaza Alam Sentral
Batu Ferringhi, Penang** Kompleks Sentral Selborne 2** Setapak** Sooka Sentral
Lot F**
* Under construction ** To be developed
Page 8 TM
KUALA LUMPUR SENTRAL- An Integrated Development Within A World-Class Transportation Hub • The exclusive urban centre built around Malaysia’s largest transit hub, offering global connectivity, and business convenience.
• 72 acres development - city within a city concept, at the nucleus is the Stesen Sentral Kuala Lumpur.
• Development phased until 2018, Kuala Lumpur Sentral is a world-class city valued at a massive RM15 billion.
• The development comprise of Stesen Sentral, corporate office towers and business suites, international hotels, luxury condominiums, a shopping mall and lifestyle facilities.
• Stesen Sentral’s integrated rail network and city air terminal facilities provide unparalleled connectivity.
• The largest commercial development in Kuala Lumpur today and enjoys close to 100% occupancy.
• Awarded Malaysia’s first MSC Cybercentre status in 2006 with tax advantages, full broadband infrastructure, fiber optics connectivity and an independent power supply.
• Completed RM4 billion worth of development, RM8 billion development value in progress and RM3 billion value for future development.
Page 9 TM
Page 10 TM
Kuala Lumpur Sentral Development Update % Dev GFA (sq ft) Est GDV MRCB's equity Completion @ Lot (w/o car parks) NFA (sq ft) RMm Exp Completion interest 31 MAR 2012 COMPLETED Investment Properties Platinum Sentral E 937,891 533,082 700 2011 100.0% 100.0% UNDER DEVELOPMENT Investment Properties Nu Sentral Retail Mall G, Parcel A 1,145,471 650,000 1,050 2012 51.0% 36.2% 348 Sentral: Shell Tower Lot 348 800,231 542,358 728 2012 100.0% 44.9% Ascott Residences Lot 348 215,017 134,561 180 2012 100.0% 44.9% For Sale 2 Office Towers G, Parcel C 840,698 767,335 706 2012 60.0% 69.9% Aloft Hotel G, Parcel D 348,700 309,898 217 2012 60.0% 69.9% Q Sentral Office Tower B 1,449,749 1,003,677 1,228 2015 65.7% 14.9% Sentral Residences D 1,549,418 1,084,593 1,307 2015 51.0% 4.7% Construction Works Perdana Sentral Office Tower G, Parcel B 563,574 440,000 385 2012 - 36.2% CIMB-Mapletree Office Tower A 722,922 620,642 404 2012 - 78.7% Investment or Sale St Regis: Hotel C 513,659 253,454 624 2014 30.0% Residences C 512,876 390,940 646 2014 30.0%
8,662,315 6,197,458 7,475 FUTURE DEVELOPMENT Est Commencement Office Towers F 3,147,964 2,500,000 3,800 2013 78.6% 3,147,964 2,500,000 3,800 Total 11,810,279 8,697,458 11,275 Legend: Investment Properties For Sale Construction Works Investment / Sale Page 11 TM
LOT A – CIMB MAPLETREE OFFICE TOWER % dev comp @ 31 March E&C’s contract sum: RM273.6 million 2012: 78.7% % completion @ 31/3/2012: 75% Exp completion: 2012
100%
Sold to CIMB-Mapletree for CIMB Investment Banking Group HQ S & P : 27 July 2007 GDV : RM404,193,010 (includes RM100m for land consideration) Completion : 2012 Land Area : 1.88 acres GFA (w/o car park) : 722,922 sq ft NFA : 620,642 sq ft Car park bays : 662 bays Building Particular : 1 Block Office Consist of:- • 6 Levels of Basement Car Park • 1 Level of Main Lobby / Office • 4 Levels of Podium Car Park • 2 Levels of Auditorium, Club House, Restaurant and Crèche • 1 Level Mechanical & Electrical Room • 27 Floors of Offices Main contractor : MRCB Engineering Sdn Bhd Development in Progress Page 12 TM
LOT B – Q SENTRAL OFFICE TOWER % dev comp @ 31 March 2012: 14.9% @ 31 Mar 2012 Value sold: RM722 m (60%)
65.7% 34.3%
• 45 storey strata Grade A office suites. • GFA: 1.4 million sq ft (w/o car park) • NFA: 1.0 million sq ft • Estimated GDV of RM1.2 billion • Completion by 2015 • Car parks: 1,407 bays • Site area: 1.85 acres • Features: - 15 levels of Low Zone Offices (Levels 13A – 29) and 13 levels of High Zone Offices (Levels 30 – 42). High Zone will present floor plates of up to 40,000 sq ft. - Sky Garden on Level 33A, a distinctive “open-to-the-sky” concept, dining and extensive greenery - Penthouse with15,000 sq ft private rooftop garden on Level 43 • Main contractor: MRCB Engineering / Quill Construction • Commencement: 2Q 2011 • To comply with Green Building Index standards
Development in Progress Page 13 TM
LOT C – ST REGIS HOTEL & RESIDENCES
CMY Capital 60% 30% Jitra Perkasa 10% • JV between MRCB and CMY Capital for the development of St Regis Hotel and Residences. • Components: 210 hotel rooms & 160 service apartments under St Regis brand. • Site area: 2.18 acres • GFA (w/o car parks): 1.0 million sq ft • NFA: 644,394 sq ft • Car parks: 797 bays • Est. GDV: RM1.3 billion. • Commencement: 1Q 2011 • Completion: 2014 • To comply with Green Building Index standards
Page 14 TM
LOT D – THE SENTRAL RESIDENCES % dev comp @ 31 March 2012: 4.7%
51% 49%
• Total 752 units of luxury serviced residences - GDV of RM1.3 billion • Facing the National Museum, Lake Garden as well as the KL City Centre with roof-top sports & club amenities • GFA: 1.5 million sq ft (w/o car park) • NFA: 1.2 million sq ft • Car parks: 2000 bays • Site area: 2.35 acres @ 31 Mar • Commencement: 2nd half 2011 2012 • Estimated completion by 2015 Value sold: • Main contractor: MRCB Engineering / Quill Construction RM400 m • To comply with Green Building Index standards (30%)
Page 15 TM
LOT E – PLATINUM SENTRAL Completed 100%
• A business park with mixed used commercial and retail development set within a tranquil park setting. • Prime office space with proximity to the transport hub, hotels, shopping complexes, office towers and condominiums. • Est. GFA of 937,891 sq ft (w/o car parks) with estimated development value of RM700 million. • NLA: 533,082 sq ft – 69% secured tenancy. Average gross rent psf per month – (Office:RM8.50, Retail:RM5.50). First office tenant moved in August 2011. • Car park bays: 635 bays • Another wholly-owned investment asset of the Group. • Complied with Singapore’s BCA Green Mark (Platinum).
Page 16 TM
TENANCY AT PLATINUM SENTRAL
KL SENTRAL PARK - OFFICE KL SENTRAL PARK - RETAIL AREA Tenants NLA sf NLA sf Block D office 64,789 SURUHANJAYA area Secured tenant PENGANGKUTAN AWAM Blok D office Prema Bonanza Sdn Bhd G02-G07 15,775 DARAT 2,497 garden 67,286 Vacant Ground floor 55,015 Block E office 67,124 Level 3A 8,560 area SBM MALAYSIA SDN BHD Blok E roof NLA 79,350 garden & 2,497 terrace 69,621 KL SENTRAL PARK - PARKING BAYS
Block B office 137,060 No. of bays area Blok B office Level 1 - car parks 348 bays SMALL AND MEDIUM 12,701 garden Level 2 - car parks 287 bays ENTERPRISES Block C office CORPORATION MALAYSIA 61,181 635 area bays Blok C office 6,038 garden 216,980 NLA sq ft Office area 421,269 Office roof garden & terrace 26,973 Block A office 91,115 Retail area 79,350 area VACANT Multi purpose hall 5,490 3,240 Total 533,082 sq ft Block A garden 94,355
Page 17 TM
LOT G (PARCEL A & B) – NU SENTRAL RETAIL MALL AND PERDANA SENTRAL OFFICE TOWER % dev comp @ 31 Mar Hotel 2012: 36.2% Office tower : GFA 563,574 sf NFA 440,000 sf
51%
49% Nu Sentral - An integrated mall within a world class transport hub GFA: 1,145,471 sf NFA: 650,0000 sf., 270 retail units
• Developer: MRCB Sentral Properties • JV Co (Retail): Nu Sentral Sdn Bhd (NSSB – a JV between MRCB & PHB: 51%:49%) • Car park: 1,990 bays • Purchaser/owner: Retail mall – the landowner, PQSB (subsidiary of PHB) enter into 99 year lease with NSSB Office tower – retained by PHB • Main contractor: MRCB Engineering Sdn Bhd E&C’s contract sum: RM698.48 m • Est GDV: RM1.4 billion % completion @ 31/3/2012: 41.8% • To comply with Green Building Index standards Exp completion: 3Q 2012
Development in Progress Page 18 TM
LOT G (PARCEL C & D) – ALOFT HOTEL AND 2 OFFICE TOWERS
% dev comp @ 31 Mar 2012: 69.9%
60%
40% E&C’s contract sum (2 office towers only): RM243 million % completion @ 31/3/2012: 74% Exp completion: Aug 2012
• A scenic 28 storey hotel adjoining two office towers (34 and 45 storey) have commenced construction. The hotel and office towers cover a total of 2.18 acres of land area. • NFA: - Hotel: 300,000 sq ft - Office Tower 1: 292,136 sq ft 840,698 sq ft - Office Tower 2: 548,562 sq ft • Total car parks: 1,044 bays • GDV of 2 office towers: RM775 million. • GDV of hotel: RM217 million • Completion by 2012 • Main contractor: MRCB Engineering (office towers only)
Development in Progress Page 19 TM
348 SENTRAL – SHELL TOWER & ASCOTT RESIDENCES % dev comp Another wholly-owned @ 31 Mar investment asset of the 2012: 44.9% Group.
: 100%
Developer : 348 Sentral Sdn. Bhd. GFA (w/o car park) : 1,015,024 sq ft NFA (Shell tower) : 557,759 sq ft NFA (Ascott) : 134,561 sq ft (156 rooms) Car parks : 969 bays GDV : RM908 million Contractor : MRCB Engineering Sdn Bhd
Completion : 2012 Building Standard : LEED Green Building Certification for Gold Level Development in Progress Page 20 TM
LOT F – COMMERCIAL DEVELOPMENT
Temporary Exhibition Malls
YMCA
Stesen Sentral Proposed Office Tower & Retail Mall Site view of Lot F Lot F has a land area of approx. 5.70 acres and designated for 3 commercial office towers with a total GFA of 3.1 million sq ft. Development is slated to commence in 2013 and completion in 2018. Estimated GDV of approx. RM3.8 billion.
: 78.6%
Future Development Page 21 PROPOSED INTEGRATED TRANSPORTATION HUB PENANG SENTRAL 49% 51%
• Total development area: 23.94 acres • Estimated commencement construction of transport hub: 2nd half 2012 • Estimated total cost of transport hub – RM236 million (Turnkey Contract to be completed by 2014) • Estimated total GDV of mixed commercial & residential development – RM2 billion • An urban development planned by MRCB with mixed components around the largest integrated transportation hub in Malaysia’s northern region.
Prospective Development Page 22 SELBORNE 2 – OFFICE TOWER, SHAH ALAM 2 Office Towers with Retail Podium GFA (w/o car park): 485,875 sq ft NFA : 357,435 sq ft No of storeys: 2 x 12 Levels of Office & 3 Levels of Retail Site area: 2.45 acres
TOWER A (MENARA DARUL EHSAN) MRCB ROOF GARDEN OVER NEW RETAIL PLAZA ALAM SENTRAL TOWER C PROPOSED (PROPOSED SHOPPING EXTENSION OFFICE TOWER)
TOWER B DATARAN (MENARA MRCB) SHAH ALAM
J A L A N M A J L I S
BANK NEGARA HOTEL QUALITY
Est. Commencement: 2nd half 2012 Est. Completion: 2015 : 100% Est. GDV: RM198 million
Page 23 BANDAR SERI ISKANDAR : 70%
Single Storey Terrace House Single Storey Bungalows Single Storey Semi-D 70’x100’ ; 1,800sf – RM375,000 50’x90’ ; 1,600sf – RM293,000 22’x80’ ; 900sf – RM110,000
• Bandar Seri Iskandar is a self-sustained township which is spearheading the socio-economic development of central Perak by promoting community living and creating value for its stakeholders. • Spread over 5,000 acres of commercial, residential, industrial and recreational land with full public amenities, Bandar Seri Iskandar is expected to be fully completed by 2020. • The biggest township development in central Perak with a GDV of RM5 billion • Landmark project in the heart of Kinta-Pangkor Corridor • Comprises of residential properties, commercial centres, industries and public amenities. • Strategically located in close proximity to technical schools, educational institutions such as UTP and UITM • The township is accessible through domestic air links via the Sultan Azlan Shah Airport in Ipoh from the Kuala Lumpur International Airport and a 2 hour drive via the North-South Highway from Kuala Lumpur and Penang. Sri Iskandar is only a 40 minutes drive to either Ipoh or Lumut Port. • There are 4,000 acres left planned for development, suitable for education hub and research centre. • Completed development of 786 units of residential and commercial properties (Phase 1), total GDV of RM62 million. • Under development in various stages of completion of another 317 units (Phase 1A & 2A), total GDV of RM68 million.
Page 24 SENAWANG SENTRAL : 100%
Completed 1&1/2 Storey Terraced Factory Commercial & Light Industrial Park Concept • Senawang Sentral is one-of-its-kind commercial development offering growth potential and value appreciation with good connectivity and accessibility. GDV (RM '000) • Designated for the development of 177 units of 1½ storey terraced factory, Phase 1 24,561 Completed double-storey shop lots and semi-detached factory on 23.4 acres, freehold land. Phase 2 20,437 Est completion: 1Q 2012 • Completed Phase 1 = 95 units, and ongoing development in Phase 2 = 70 units Phase 3 11,220 Completed 2 units in 2010. and Phase 3 = 12 units Remaining 10 units: exp to • Strategically located next to the Tuanku Jaafar Light Industrial area. commence in 2011 & • A natural extension of the existing matured light industrial growth area of completed in 2015 Senawang. Total GDV 56,218 • 2 minutes from North-South Highway interchange, 1km from the Senawang Toll Plaza exit and 10 minutes drive to Giant Hypermarket and Senawang Commercial Park. • Designed for multi purpose usage for small to medium enterprises/companies as service centre, commercial offices, small to medium firms, café, restaurants, showrooms, etc. • Potential to attract good rental yield of 8% p.a. • The development project is part of the state government’s Industry Estate Plan, on a land area of approximately 116 acres.
Page 25 BATU FERRINGHI LAND
• Land area: 3.34 acres • Development: Low Density Luxury Residential Condominiums • Est. GDV: RM185 million 100% • Est commencement: 2013 • Est completion: 2015
Future Property Development Page 26 HIGH END RESIDENTIAL DEVELOPMENT AT JALAN KIA PENG, KL • Land: 1.01 acres 100% • GFA (exclude car park): 359,389 sq ft • NFA: 283,627 sq ft • Estimated GDV: RM324 million • Estimated commencement: 2012 • Estimated completion: 2015 Development Breakdown:- Condominium: 27 floors No of Units: 194 Podium Car park: 5 floors Basement Floors: 4 floors Car park bays: 469 bays
Page 27 MIXED PROPERTY DEVELOPMENT AT SETAPAK, KUALA LUMPUR
100%
• Land: 27.4 acres • GFA (exclude car park): 3.8 million sq ft • Estimated GDV: RM2.5 billion • Estimated commencement: 2013 • Estimated completion: 2020
Page 28 Development Overview TOTAL PROPERTY DEVELOPMENT GDV MRCB's equity Lot NFA sf GDV RMm Exp Completion interest Completed Platinum Sentral E 533,082 700 2011 100.00% On-going developments KL Sentral Development Nu Sentral Retail Mall G, Parcel A 650,000 1,050 2012 51.00% Perdana Sentral Office Tower G, Parcel B 440,000 385 2012 - 2 Office Towers G, Parcel C 767,335 706 2012 60.00% Aloft Hotel G, Parcel D 309,898 217 2012 60.00% CIMB-Mapletree Office Tower A 620,642 404 2012 - 348 Sentral: Shell tower Lot 348 542,358 728 2012 100.00% Ascott Residences Lot 348 134,561 180 2012 100.00% St Regis: Hotel C 253,454 624 2014 30.00% Serviced residences C 390,940 646 2014 30.00%
Q Sentral Office Tower B 1,003,677 1,228 2015 65.70%
Sentral Residences D 1,084,593 1,307 2015 51.00% Other Developments Senawang Sentral, N. Sembilan 177 units 53 2015 100.00% Bandar Seri Iskandar, Perak 4,000 acres 348 NA 70.00% 6,197,458 7,876 New Developments Est Commencement Est Completion Penang Sentral Development 3,000,000 2,000 2013 2020 49.00% Office Towers F 2,500,000 3,800 2013 2018 78.6% Selborn 2, Shah Alam 357,435 198 2013 2015 100.00% Batu Ferringghi land 3.34 acres 185 2013 2015 100.00% High end residential development at Jln Kia Peng 1.01 acres 283,627 324 2013 2015 100.00% Mixed developments at Setapak 27.4 acres 3,783,902 2,500 2013 2020 100.00% Lot 349 - Privatisation Agreement 4.9 acres 1,000,000 1,150 2013 2017 70.00%
Sub-total 10,924,964 10,157 Total 17,655,504 18,732 Page 29 Section 3 Engineering & Construction Ongoing Internal & External Order Book Outstanding as at 31 March 2012 Total Outstanding Percentage of Key Projects - On Going Start End (RM million) (RM million) Completion Environmental Projects Kuala Sg. Pahang breakwater construction - Phase 2 4Q 2011 1Q 2013 47 39 16.3% Sg Perai, Penang River Rehabilitation (Phase 3) 4Q 2011 1Q 2013 40 34 16.5% 87 73
Engineering & Construction Eastern Dispersal Link, Johor 2Q 2008 1Q 2012 716 21 97.1% Road upgrading works around KL Sentral: iii) DBKL Package 3 - 5 2Q 2010 1Q 2012 56 - 100.0% Marlborough College 2Q 2010 2Q 2012 118 32 73.0% LRT extension - Ampang Line Pack B - main facilities & segmental box girders 1Q 2012 4Q 2014 1,327 1,327 0.0% LRT extension - Kelana Jaya Line Pack B - segmental box girders 1Q 2012 4Q 2013 67 67 0.0% 2,283 1,446 KL Sentral Property Construction Lot A - CIMB Tower 1Q 2009 3Q 2012 274 68 75.0% Lot G Retail & Office 4Q 2009 2Q 2013 698 407 41.8% Lot G - 2 Office Towers: - Package 2 - office tower 1 & 2 4Q 2010 3Q 2012 243 63 74.0%
1,215 538 3,584 2,057
Page 31 Ongoing Construction
LITTLE INDIA, BRICKFIELDS - PRIVATISATION AGREEMENT • Signed a Privatization Agreement for RM128.7m Project 1 completed in • In exchange for 2 parcels of land in Brickfields Oct 2010 measuring approx. 214,000 sq ft or RM601 psf.
• Privatisation of the following construction works:-
i) Little India Project – upgrading and beautification of Jalan Tun Sambanthan, Brickfields, Kuala Lumpur beginning from the intersection of Jalan Travers and Jalan Tun Sambanthan up to the entrance of the Brickfields Police Station (“Project 1”);
ii) Pines Bazaar – a three-storey building consisting of office space, 28 units of stalls and 140 car park bays on Lot 172, Kuala Lumpur (“Project 2”); and
iii) Ang Seng Development – the construction of 212 units of new government Class F quarters near Jalan Ang Seng to replace the government quarters at Jalan Rozario, Kuala Lumpur (“Project 3”).
Decorative Street Lighting Fountain Entrance Archway at Jalan Travers
Page 32 Ongoing Construction
LRT EXTENSION – AMPANG LINE PACKAGE B – MAIN FACILITIES WORKS AND SEGMENTAL BOX GIRDERS
• The proposed Ampang LRT extension line will commence • MRCB’s new contract secured on 15 August 2011:- from the present Sri Petaling station, passing through Puchong, Kinrara and ending at the hub in Putra Heights. • Contract sum: RM1.33 billion - Main contractor for The proposed line will consist of 13 new stations and construction and completion of facilities works including approximately 17.7km of guideway. fabrication and delivery of segmental box girders (Package B) for the Ampang line extension project. • This section will be divided into 2 main contract packages. Package A is from Seri Petaling Station to Station No. 5 • Contract sum: RM67.2 million - nominated sub- which is 7.4 km and Package B is from Station No. 5 to Putra contractor to Sunway Construction Sdn Bhd for sub- Heights Station which is 10.3 km. contract of the fabrication and delivery of segmental box girders (Package B) for the Kelana Jaya line extension • Main Contractors for Facilities are to be responsible for the project. following facilities works: (i) All guideway sub-structure and main structure works; (ii) Foundation work for stations and traction power sub- stations; (iii) To launch and install Segmental Box Girders (SBG); (iv) To supply and install parapets and noise barriers; (v) Construction of stations and traction power sub-stations; (vi) Supply and Install of escalators and lifts; and (vii) Construction of Multi-Storey Car Parks
Page 33 Completed
PERMAI PSYCHIATRIC HOSPITAL, TAMPOI, JOHOR BAHRU Design, construction, equipment, commissioning and maintenance
Visitors’ Hall Admission Dept The existing hospital which was built in 1937 can no longer suitably provide medical needs for both patients and hospital staff in terms of space for modern equipment, therapy and support services. The proposed psychiatric hospital in Tampoi, Johor Bahru is developed on a 48.55 hectare site and when Central OCC Therapy/Rehab ready for operation will have the latest and comprehensive facilities to treat patients, including Total Contract Sum: RM556.5 million geriatrics and pediatric Client: Ministry of Health Completion date: 30 Dec 2011 specialists. The No. of beds: 724 beds hospital is designed to Size: 1,800,666 sq ft accommodate 724 beds. There is also provision for staff accommodation and amenities at the site.
Page 34 Completed
GAYA BANGSAR CONDOMINIUM, KUALA LUMPUR
Contract Value : RM95.1 million GFA : 660,155 sq ft Commencement Date : March 2009 Completion Date : August 2011 Building Storey : Overall Storey - 34 floor 7 floor – Podium (Car Park) 27 floor - Apartment Building Owner : UDA Holdings Berhad Completed in 4Q 2011
Page 35 Completed
UPGRADING OF SABAH MEDICAL CENTER
Job scope:- - building a 5-storey parking lot - refurbishment of accident and emergency department - development of cardiology and cardiothoracic centre - expanding minor operation theaters at the 9th storey building
Contract sum : RM74 million
Client : Ministry of Health Completed in 3Q 2011
Page 36 Completed
MARLBOROUGH COLLEGE, ISKANDAR MALAYSIA, JOHOR BAHRU
Marlborough College East occupies 90 acres of land within Iskandar Malaysia Development. Estimated gross floor area: Approx. 450,300 sq ft (42,000 sq m). The college constitutes the following buildings:- Contract sum : RM118 million - 4 blocks of administration blocks - 4 blocks of prep schools % completion as at 31 Mar 2012:- : 73% - 6 blocks at teaching zone - 6 blocks of boarding houses Expected Completion : June 2012 - 1 block of staff apartment Client : Iskandar Investment Berhad - 11 units of double storey teachers houses - Other ancillary buildings (bus stops/guard houses/refuse chamber)
Page 37 Completed
EASTERN DISPERSAL LINK (“EDL”), JOHOR BAHRU Design, construction, installation, testing & commissioning
ABUTMENT B MAINLINE VIADUCT OVEARALL VIEW OF MAINLINE VIADUCT
RAMP C AND D FROM PERMAS JAYA ADMINISTRATION BUILDING
Page 38 Construction – road
Traffic Dispersal – KL Sentral and Brickfields Cost: RM110 million Period : 2 years Client: DBKL
Page 39 Completed - road
ROAD UPGRADING WORKS – DBKL PACKAGE 1 – Design & Build
Package 1 – construction of fly-over at the junction of Jalan Bangsar and Jalan Travers
Contract sum : RM33.6 million Completion : August 2010
Page 40 Completed Construction - road
ROAD UPGRADING WORKS – DBKL PACKAGE 2 – Design & Build
Construction of fly-over from KL Sentral to Jalan Damansara and Jalan Mahameru
Contract sum : RM27.35 million Completed in March 2011
Page 41 Completed Construction - road
ROAD UPGRADING WORKS – DBKL PACKAGE 3, 4 & 5 – Design & Build
Package 3 – upgrading of Jalan Tun Sambanthan and other roads within Brickfields Package 4 – construction of pedestrian bridges within Brickfields & KL Sentral areas Package 5 – repair & road upgrading around KL Sentral
Contract sum : RM55.7 million
% completion as at 31 Mar 2012:- : 100%
Package 5: Completed road resurfacing works
Package 4: Artist impression of pedestrian bridges
Package 3: Jalan Tun Sambanthan
Page 42 Completed Construction
PANTAI SALAK SOUTH TRANSMISSION LINE AND SALAK SOUTH SUBSTATIONS
Contract sum : RM286.8 million
Completed in 3Q 2011 Client : Tenaga Nasional Bhd
Page 43 Completed Power Transmission and Substation Projects RM1.6 billion 500kV transmission system as backbone of the National Grid in Malaysia – completed in 1998. Total distance 552km and 73km for 275kV transmission line. 272km of 275kV and 4km of 132kV from Kasigui to Segaliud, Sabah East-West Transmission Line. The construction of 40km of 500kV Double Circuit Transmission Lines from Ayer Tawar to Manjung. 132kV and 11kV switchgears, power transformers, ancillary equipment for Kluang Industry 132kV/11kV substation Provision of SDH backbone Telecommunication Network – RM27.3 million 132kV and 11kV switchgears, power transformers, ancillary equipment for Rengit 132kV/11kV substation 33kV Distribution Line from Nyior Tujuh to Tok Dor, Terengganu. 275kV 50km line Gelang Patah to Bukit Batu. Lenggeng (N Sembilan) – Nuni (Bangi) Transmission Line. 275kV / 132kV Telok Kalong Substation 275kV line – Kelemak, Melaka. Baseline Schedule for Provision of Telecommunication and Teleprotection Equipment for Transmission Grid System. 275kV Central Area Reinforcement Line – Phase 1. The construction of 33kV Aerial Bundle Conductor (ABC) Transmission Line from Sauk to Chenderoh Power Station.
Page 44 Completed – Power Transmission
Bakun Dam Switchyard Project
Package TR1 - Switchyard project involving design, supply, delivery to site, erection, testing and commissioning of electrical installation and civil works for Bakun 275 kV Switchyard and Control Building. The switchyard sits on a 35,000 sq metre rocky land. The works comprise a 275kV switchyard with eight 275kV switchgear bays in 1 breaker arrangement, a control building with all protection, instrumentation, communication and automation equipment and approximately 2 km of 275kV transmission lines connecting the Bakun powerhouse and the switchyard.
Contract sum : RM65.5 million Client : Sarawak Hidro S/B Completed in May 2011
Artist impression
Page 45 Section 4
Infrastructure - Environmental Projects ECONOMIC TRANSFORMATION PROGRAM
RIVER OF LIFE (“ROL”)
ROL Entry Point Project (EPP) was identified in the Greater KL National Key Economic Area (NKEA) under the Economic Transformation Programme (ETP). Aims to transform the Klang & Gombak River into a vibrant and liveable waterfront with high economic value.
JV between Ekovest (60%) & MRCB (40%) 22 Feb 2011 – Ekovest-MRCB JV (“JV Co”) received a Letter of Intent from the Government of Malaysia indicating intention to procure JV Co’s services as Project Delivery Partner (“PDP”).
Scope of Work: i) Beautification - 10.7 km ii) Cleaning - 113 km Est contract sum – RM1 bn Est contract sum – RM3 bn JV Co’s role – PDP & sub-con JV Co’s role – PDP iii) Development JV Co’s role – PDP
Page 47 Ongoing & Completed CLIMATE CHANGE AND ENVIRONMENT PROJECTS
Kuala Sg. Pahang River Mouth Improvement Sg. Kuantan River Mouth Improvement
Navigational Channel Dredging and Design & Build of Breakwaters
Phase 1 Contract sum: RM233.82 million Completed in December 2010
Phase 2 Contract sum: RM46.5 million % completion @ 31/3/2012: 16.3% Exp completion: 1Q 2013 Contract sum: RM21.65 million Completed in October 2010 River Rehabilitation, Lower Perai River, Penang Teluk Cempedak – Beach Rehabilitation Coastal Erosion & River Conservation – Tioman Island
. To dredge the river mouth area of Perai River and its lower tidal reach to • Pressure Equalization Module ensure safe navigation passage. (PEM) pipes are installed under . Total contract sum: RM30 million the sea bed. (Phase 1 & 2) • Beach is then sand nourished with . Completed in December 2010 a layer of graded sand. . Phase 3 : • Additional PEM pipes are installed Contract sum: RM132 million under new sea bed. Completed in 2009 Contract Sum: RM40.3 m . • Completed 2004 . % completion @ 31/3/2012: 16.5% . Exp completion: 1Q 2013 Page 48 Section 5
Recurring Income Business Divisions: Toll Concessions Property Investments Building Facilities Management TOLL CONCESSION Duta Ulu-Kelang Expressway (DUKE) Lebuhraya Karak -Equity Structure: Kesturi is a wholly-owned subsidiary MRR 2 Kepong of Nuzen Corporation Bhd, which is 30% owned by Wangsa Maju MRCB and 70% by Wira Kristal Sdn Bhd.
Sg. Buloh NKVE -To minimize land Ampang MRR 2 acquisition, a large portion AKLEH DUKE of the expressway is built on viaduct or bridge Damansara Inner Ring Road structures. Only 20% of Bangsar the land acquisition Middle Ring Road I (MRR 1) involved private land. Salak Selatan Middle Ring Road II (MRR 2) Petaling Jaya Intermediate Ring Road LEGEND Sg. Besi Ring Roads Radial Roads Duta-Ulu Kelang Expressway (DUKE) Toll road commenced: May 2009
18km highway which links NKVE at Jalan Duta to the Middle Ring Road II along Jalan Ulu Kelang. At mid-point, traverses to the North via Sentul Pasar and links to KL- Karak highway. DUKE has seven interchanges with four directional ramps with features that include advanced Traffic Information and Management system, Variable Message Signs, Central Control & Monitoring system and Electronic Tolling. Page 50 Completed
EASTERN DISPERSAL LINK (“EDL”), JOHOR BAHRU Stretching 8.1km, the EDL Design, construction, installation, testing & commissioning is an open toll system with dual three-lane carriageway directly linking the new Customs, Immigration and Quarantine Complex (CIQ) at Tanjung Puteri and North-South Expressway via the Pandan Interchange in Johor Bahru. The EDL project also included providing an integrated traffic surveillance and control system, street lighting and traffic information system that would reduce the journey between the Pandan Interchange and CIQ to less than 10 minutes. The project will improve the traffic flow within Johor Bahru Central Business District. The project will also improve Toll Concession Agreement signed on June 26, 2007 the transportation link Total Cost: RM1.3 billion (Construction and Land between Johor Bahru and Costs) Singapore, which is Construction commencement: Aug 2008 urgently needed. Completion: 31 March 2012 Road opened to public: 1 April 2012
Page 51 Ongoing Construction
EASTERN DISPERSAL LINK (“EDL”), JOHOR BAHRU Design, construction, installation, testing & commissioning
MAINLINE VIADUCT
MBJB ROAD
RAMP C AND D FROM PERMAS JAYA
Car lane Bus Lane
ADMINISTRATION BUILDING
Direct and Rapid Route Choice to the CIQ
Page 52 PROPERTY INVESTMENTS PROPERTY INVESTMENTS (MRCB: 100%)
Plaza Alam Sentral Kompleks Sentral Sooka Sentral
Plaza Alam Sentral is the largest and Kompleks Sentral is an integrated Sooka Sentral the most crowded shopping mall in Shah facility that combines the advantages of a 6-storey retail outlet with approx. total Alam, Selangor. Located in the heart of factory, warehouse, showroom and net lettable area of 100,000 sq ft. the main business centre, surrounded by offices all of which are leased at Lifestyle amenities to cater for KL landmarks such as Taman Tasik Shah affordable rental rates. Strategically Sentral’s residents and visitors with al- Alam, Laman Budaya & Masjid Shah located within Kuala Lumpur’s premier fresco dining, food court, fitness Alam. industrial zone, Segambut Industrial centre, health & beauty center. Winner Park. The 6-storey flatted structure with of FIABCI Malaysia Property Award a flexible modular design has attracted NFA : 433,349 sq ft 2009 – Purpose Built Category. some of the premier names in the Side view Average rental: RM2.52 psf Malaysian industrial and business Occupancy: 93% leaders. NFA: 77,126 sq ft NFA:484,689 sq ft Average rental: RM3.30 psf Average rental: RM1.10 psf Occupancy: 71% Occupancy: 95%
Page 53 PROPERTY INVESTMENTS PROPERTIES UNDER CONSTRUCTION
348 SENTRAL – SHELL TOWER LOT E – PLATINUM SENTRAL LOT G – RETAIL MALL (NU SENTRAL) & ASCOTT RESIDENCES MRCB: 100% MRCB: 51% MRCB:100% NFA: 533,082 sq ft NFA: 650,000 sq ft NFA: Completed in 4Q 2011 Completion: 3Q 2012 Shell Tower – 557,759 sq ft Ascott Residence – 134,561 sq ft / 156 rooms Completion: 4Q 2012
Page 54 BUILDING FACILITIES MANAGEMENT Building Facilities Management and Car Park Management Stesen Sentral Kuala Lumpur – Cleaning & Maintenance, Security Services, Business Zoning, Retail & Commercial Management, Advertising, Passenger & Road Traffic Dispersal System, IT Network Design & Installation Managed by Car Parks @ KL Sentral Lot Bays MRCB Car Parks outside KL Sentral Existing Location Bays Stesen Sentral H 833 managed by MRCB Plaza Sentral Phase 1 & 2 * M 1,324 a Existing Suasana Sentral Condominium K 768 Hotels - KL Hilton / Le Meridien I 719 Menara Bumiputera Commerce Jalan Raja Laut, Kuala Lumpur 1,122 1 Sentral Office Tower N 332 a Sooka Sentral * J 97 a Plaza Alam Sentral Shah Alam, Selangor 1,400 Suasana Loft Condominium L 768 26 Boulevard Precint 3, Putrajaya 330 MIDA & SSM J 691 a UEM & Quill J 425 The Icon Jalan Tun Razak, Kuala Lumpur 605 Lot F (Temporary) F 350 a Total managed by MRCB 2,794 To be Total 3,457 managed by Under construction MRCB Nu Sentral Mall & Perdana Sentral G, (A & B) 1,990 a 2 Office Towers & Aloft Hotel * G, (C & D) 1,044 a CIMB Tower A 662 Q Sentral * B 1,407 a St Regis Hotel/Residence C 797 KL Sentral Park * E 680 a Shell Tower & Ascott Residences * Lot 348 969 a Future Sentral Residences D 1,200 Total to be manged by MRCB 6,090 Total 15,056 * Owned by MRCB
Page 55 Level 20, 1 Sentral, Jalan Travers, Kuala Lumpur Sentral, P.O. Box 12640, 50470 Kuala Lumpur.
Tel: 603 2786 8080 url: www.mrcb.com.my
This presentation contains information believed to be accurate when produced and contains forward- looking statements or projections based on current expectations. These expectations are not guarantees of future performances and are subject to risks and uncertainties. Actual results may differ materially due to: changes in real estate market, cost of building materials and other related costs; the outcome of legal proceedings; future impact of acquisitions, divestitures or joint ventures, economic, business and regulatory conditions; and other factors. We disclaim any duty to update forward-looking statements to reflect new developments.
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