FINANCIAL RESULTS & GROUP UPDATE

FOR THE YEAR ENDED 31 DECEMBER 2018

27 February 2019 Strengthened Position as No 1 Property Developer in

SALES

Local 80%

International 20%

International, 1,001 , 20% Eastern, 9 , <1% Northern, 198 , 4% Total Sales RM5,123

Southern, million 805 , 16% Central, 3,110, 60%

Sales for I&P Projects 2017 = RM859mil 2018 = RM1,250mil (46% )

2 SALES EXCEED TARGET Stronger Contribution led by Central and Southern Regions

6,000 RM 5.123b RM 5.0b RM 4.920b 5,000

1,001 979

1,509 9 4,000 31 198 461 - 805 144 729 3,000 587

2,000

3,110 2,680 2,800 1,000

- Actual FY2017 Target FY2018 Actual FY2018

Central Southern Northern Eastern International 3 RM8.33b SALES FROM BATTERSEA PHASE 2 - COMMERCIAL Setia’s Equity Stake Equals to RM3.33b

RM 8.45b 9,000 (with Battersea Ph2)

8,000

7,000 3,332

6,000 RM 5.0b RM 4.920b 5,000 979 1,001 1,509 9 4,000 31 198 461 - 805 144 729 3,000 587

2,000 3,111 2,680 2,800 1,000

- Actual FY2017 Target FY2018 Actual FY2018

Central Southern Northern Eastern International Battersea 4 5 YEARS FINANCIAL HIGHLIGHTS Commendable Revenue

Group Revenue (RM'million) 8,000

7,000 6,746

6,000 12 months revenue = RM5,606 million 4,957 5,000 4,520

4,000 3,870 3,594

3,000

2,000

1,000

- FY2014 FY2015 FY2016 FY2017 FY2018 14 months 5 5 YEARS FINANCIAL HIGHLIGHTS

Profit Before Tax Profit attributable to shareholders (RM'million) (RM'million) 1,600 1,000 918 933 1,426 900 1,400 1,271 808 1,185 800 12 months = 710 million 1,200 671 12 months = 1,123 million 991 700 1,000 600 800 722 500 406 600 400 400 300 200 200 - 100 FY2014 FY2015 FY2016 FY2017 FY2018 - 14 months FY2014 FY2015 FY2016 FY2017 FY2018 14 months Earnings Per Share (Sen) Dividend Per Share (Sen) 40.0 25.0 23.0 35.7 35.0 20.0 29.8 20.0 30.0 12 months = 27.7 26.8 15.5 25.0 15.0 20.0 16.3 9.7 14.8 10.0 8.55 15.0

10.0 5.0 5.0

- - FY2014 FY2015 FY2016 FY2017 FY2018 FY2014 FY2015 FY2016 FY2017 FY2018 14 months 14 months 6 SNAPSHOT OF FINANCIALS

Profit & Loss (RM million) FY2017 FY2018

Revenue 4,520 3,594 Gross Profit 1,514 1,092 Gross Profit Margin (%) 33.5 30.4 Profit Before Tax 1,271 991 Profit Attributable to Shareholders 933 671 Basic Earnings per Share (RM sen) 26.8 14.8 Dividend per Share (RM sen) 15.5 8.55 Dividend Payout Ratio (%) 70.1* 70.1 * Including the pre-acquisition dividend payout by I&P Group during the year.

Balance Sheet (RM million) FY2017 FY2018

Shareholders’ Funds 11,944 14,144 Total Equity 13,798 15,520 Total Assets 27,724 29,337 Total Cash 5,579 2,883 Total Borrowings 6,933 10,534 Net Gearing Ratio (times) 0.10 0.49 Net Assets per share (RM sen) 2.85 3.03

7 LAND BANKING IN FY2018

RESILIENT GROWTH… LAND BANKING Total of 87.9 Acres of New Land Banks were Acquired with Potential GDV Contribution of RM12.52 billion

Land Banks Acquired in FY2018

Setia Federal Hill Setia Izumisano City Center Setia Federal Hill Osaka, Japan Setia Safiro Cyberjaya, additional GDV of GDV of GDV of RM10b RM1.87b RM650m remaining 4.9 57 acres acres 26 acres

9 KEY PROJECTS UPDATE

TRANSFORMATION UNFOLDING… S P SETIA’S STARTER HOMES SERIES WAS WELL RECEIVED

Careya – were sold out on the day it was launched

CAREYA – TYPE K

 RM585k onwards

Adina - >90% sold during the launch weekend

TYPE N2 TYPE N1

 RM530k onwards

11 S P SETIA’S STARTER HOMES SERIES WAS WELL RECEIVED

Carisa - >90% sold during the launch weekend

TYPE M

 RM593k onwards

Bellina - >80% sold to-date

Land Area: 20’ x 70’

12 KL ECO CITY, FIRST INTERGRATED TRANSIT-ORIENTED DEVELOPMENT

World class integrated development of 25 acres with total GDV of RM7.0 billion, located in Kuala Lumpur.

DEVELOPMENT BRIEF

Mixed Development Type Development

Effective Stake 100%

Purchase Year 2011

Comm. Date 2011

Completion Date 2022

Total Area 25 acres

Remaining Area 4.2 acres

Estimated GDV RM7.0 bn

KL Eco City – Masterplan Remaining GDV RM3.26 bn 1313 KL ECO CITY – PROGRESS UPDATE Handed Over Retail Hub & Podium and Office Tower 2 with GDV totaling RM800 million at the beginning of 2018

PARCEL

D C B A

Retail Podium Recurring income 100% (Recurring income portfolio of the Group) portfolio of Sold the Group

98% 100% Sold 98% 100% Sold 100% 100% Sold Sold Sold Sold

89% Sold

RESIDEN OFFICE SERVICED STRATA BOUTIQUE BOUTIQUE BOUTIQUE OFFICE TIAL MOSQUE RETAIL HUB TOWER RESIDENC OFFICE OFFICE 3 OFFICE 2 OFFICE 1 TOWER 2 TOWER 3 ES 1

VP in Jun’16 VP in VP in Sep’16 VP in Sep’16 VP in Apr’17 VP in Mar’18 VP in Feb’18 VP in Target to VP in Jul’16 Oct’17 complete in June’17 Oct’20

RETAIL PODIUM

VP in Feb’18

14 KL ECO CITY Development Brief

2018 December

15 KL ECO CITY Delivering Transit Oriented Development

Pedestrian Link Bridge Physical Completion : End of March 2019 Open to Public: Target Q2 2019. 16 KL ECO CITY Delivering Transit Oriented Development

The ceremony was officiated by the Transport Minister on 1 November 2018.

17 KL ECO CITY Office Tower 2

Area (sf) Percentage

Occupied (Moved in) 50,810 9%

Fit Out Works 108,340 20%

Confirmed Tenant - -

Head of Terms Exchanged 78,461 14%

Advanced Negotiations 48,646 9%

Available 258,104 47%

Total 544,361 100%

18 KL ECO CITY Office Tower 3

Area (sf) Percentage

Occupied (Moved in) 160,129 37%

Fit Out Works - -

- - Confirmed Tenant

- - Head of Terms Exchanged

28,892 7% Advanced Negotiations

Available 243,681 56%

Total 432,702 100%

19 KL ECO CITY KLEC Mall

5-storey mall with approximately NLA of 250,000 sq ft retail space

70% confirmed tenants – Soft opening in Sept 2018

RFC Fitness Page 20 20 KL ECO CITY Amari Hotel

Total 252 keys. Percentage of completion at 37%. Target VP in Aug 2020

Page 21 21 KL ECO CITY New Launches in FY2019

KL ECO CITY – Aspire Tower (OT1)

Aspire Tower (OT1) @ Parcel B

Total Gross GDV RM 1.075 bil

Built-up Range 1,153 – 18,715 sf

Total units 253 units

Price Range RM 1.6 - 32 mil

Typical Sizes Type Level (sq. ft.)

Executive Office 3A – 9 1,153 – 1936

Signature Office 10 – 23 3,630 – 12,263

Premier Office 23A – 39A 18,715

Wellness Club 2 18,347

Business Centre 3 15,528

Product Type Artist’s ImpressionSky Lounge 23 3,778

Sky Dining 41 & 42 3,410 – 5,081

Page 22 22 22 KL ECO CITY New Launches in FY2019

KL ECO CITY – RT2

RT2 @ Parcel A

Total Gross GDV RM 1,056 mil

Built-up Range 514 – 5,396 sf

Total units 739 units

Price Range RM 0.8 – 6.0 mil

Product Type Artist’s Impression

Page 23 23 23 SETIA FONTAINES Strategic Location

LAND BANK BRIEF

Land Size 1,675 acres

Land Type Freehold

Development Eco-themed mixed Plan development township

Estimated GDV RM13.05 billion

Tenure 20 years Strategically located as the focal point for the state of , Setia Fontaines enjoys excellent connectivity to major towns like Sungai Petani to the north, Butterworth to the West, Bukit Mertajam to the south and Penang Island a short drive away via the Penang Bridge. The North South Expressway serves as the main thoroughfare with a northern exit from Bertam toll and southern exit 24 from Sungai Dua toll. 24 SETIA FONTAINES Strategic Location – Potential of 3rd Link

Statement from Penang Chief Minister on Penang’s third link on 20 February 2019

GEORGE TOWN, Feb 20 – Penang hopes to obtain approval for projects under its Penang Transport Master Plan (PTMP) within the first half of the year, Penang Chief Minister Chow Kon Yeow announced today.

“We are on the verge of securing approval for our major transport plan,” he said during a speech at a Chinese New Year gathering with the Real Estate and Housing Developers Association (Redha) this evening.

“The approval will spur the construction sector and provide opportunities for companies in the building and construction business,” he said.

He said the other mega project Penang is undertaking, the RM6.3 billion paired roads and undersea tunnel project, will also kick off this year.

2525 SETIA FONTAINES Strategic Location – Potential of 3rd Link

Statement from Penang Chief Minister on Penang’s third link on 20 February 2019

George Town: Penang Chief Minister today said he is optimistic and confident that the federal government would approve the state’s RM46 billion transport master plan (PTMP) in the first half of 2019.

Chow also announced that the construction of a 5.7km bypass road connecting Air Itam to the Tun Dr Lim Chong Eu Expressway will begin on Aug 31.

The road is part of a larger RM6.3 billion undersea tunnel and three roads project, undertaken by the Zenith consortium.

“This will definitely spur the building and construction industry in Penang and will uplift the state’s economy as a whole,” he said in his speech at the Real Estate and Housing Developers’ Association (Redha) Chinese New Year dinner at a hotel today.

2626 SETIA FONTAINES New Lifestyle Development in mainland Penang

MASTER PLAN

Artist’s Impression

Page 27 27 27 SETIA FONTAINES Precinct 1 - Inspired by Multi Award-Winning Townships

1

28 Page 28 28 SETIA FONTAINES Precinct 6 – Lush Greenery and Scenic Waterways

29 Page 29 29 29 SETIA FONTAINES CITY CENTRE BUSINESS HUB (“CCBH”) SOFT LAUNCH IN DEC 2018 WAS WELL RECEIVED On Balloting Day, Sold RM 67 million (82 units)

 The launch of CCBH in Setia Fontaines Welcome Centre, Bandar Putra Bertam, Penang

Shop lot SETIA FONTAINES Gross Selling Price Range : RM630,800 onwards GDV: RM89m

30 SETIA FONTAINES New Launches In FY2019

Precinct 1-Amansara South (Landed-Residential) Total Gross GDV RM 137.40 mil

Built-up Range 1,310 - 1,812 sf

Total units 392 units

Price Range RM 330k to RM440k

Precinct 6-South (Landed-Residential) Total Gross GDV RM 185.00 mil

Built-up Range 1,332 - 2,943 sf

Total units 294 units

Price Range RM 420k to RM1.1 mil Product Type Artist’s Impression

31 Page 31 31 BATTERSEA POWER STATION, THE LARGEST REJUVENATION PROJECTS IN LONDON

Most Iconic development in the heart of London spanning 41.7 acres with total GDV of GBP9.2 billion.

Apple's New London Campus

An aerial view of Battersea Power Station, London 32 BATTERSEA POWER STATION Master Plan

Phase 1 – Completed 7

1

6

2 5 6 6 1 5 4

Phase 2 – Q4 2020 3 Phase 4a 3 4

Phase 3A – Q2 2021

NLE – 2021 (latest)

33 BATTERSEA POWER STATION Cross Section of Commercial Property in Phase 2

Signed Heads of Terms Residential on 18 Jan 2018 for sale Office of commercial property Retail and F&B to PNB and EPF Event Space Signed SPA on 14th December 2018 for £1.583 billion (RM8.33 billion)

34 BATTERSEA POWER STATION Focus to sell the remaining units of BPS. Expected completion of Ph2 in 4Q2020 and Ph3a in 2Q 2021.

Phase 1 Phase 2 Phase 3A (Circus West) (Power Station) (Electric Boulevard) Launched January 2013 Launched May 2014 Launched October 2014

GDV £846 m GDV £779 m GDV £948 m Units 867 Units 255 Units 539 Sold 865 units Sold 236 units Sold 376 units Remaining 2 units Remaining 19 units Remaining 163 units Take Up Rate 99% Take Up Rate 93% Take Up Rate 70% Completed Expected Expected 4Q 2017 4Q 2020 2Q 2021 Completion Completion

Expected Completion of the Northern Line Extension (“NLE”) by end of 2021. 35 ONGOING PROJECTS Wide Range of Product Offerings to Support Growth

45 ongoing projects

Central Southern Northern

19 Setia Alam 11 Setia Eco Cascadia 6 Setia Pearl Island Setia City Setia Tropika Setia Greens Setia Ecohill Setia Indah SPICE Setia Sky Vista Setia Ecohill 2 Setia Eco Gardens Setia Sky Ville Setia Eco Park Bukit Indah Setia Fontaines Setia Eco Templer Setia Business Park II Eastern Setia Eco Glades Taman Perling Setia Sky Seputeh Taman Rinting 1 Setia Seraya Residences Taman Pelangi TRIO by Setia KL Eco City Taman Pelangi Indah International Bandar Kinrara Taman Industri Jaya Temasya Glenmarie 8 Battersea Power Station Alam Impian Sapphire By The Gardens Bandar Baru Seri Petaling Uno, Melbourne Alam Sari Marque Residence Kota Bayuemas Eco Xuan Alam Damai Eco Lakes Alam Sutera Qinzhou Industrial Park Daintree Residence 36 FY2019 BUSINESS STRATEGIES AREAS OF FOCUS… FY2019 BUSINESS STRATEGIES Area of focus for the Group

1 2 3 4 New Disposal of Clearing Launches New Non- Unsold in Existing Projects Strategic Stocks Projects Lands/ Projects

 Attractive  Right product size  Focus Launch on  Monetise non- incentives scheme and pricing Landed Properties core assets Dynamic marketing for To focus on new phases in the unsold units in Klang To launch new projects in Disposal of non- existing established Valley, Pulau Pinang, Setia Alaman, Setia strategic land townships in Setia Alam Johor and through Mayuri, Setia Safiro and banks to monetise and Setia Ecohill. attractive incentives Setia Tropicale to suit the non-core assets scheme to monetise the current market demand. which doesn't fit To focus on optimization, existing inventories level. into our strategic rejuvenation and The Group will focus on plan and land banks revitalization of Bandar end users, target overseas which does not Kinrara, Kota Bayuemas, buyers and provide the have the scale that Bandar Baru Seri Petaling, right pricing packages. Setia township is Alam Damai, Alam Sutera, known for. Temasya Glenmarie and Alam Impian.

38 CLEARING OF UNSOLD STOCKS Completed Inventories reduced by 7% Y-o-Y

RM’Mil Completion of Setia Sky 88 (Tower A) 1,900 at RM225 million in Jul 2018

1,696 1,683 1,700 1,606 1,581

1,500 1,459

1,300

1,100

900

700

500 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018

Unsold Stock at Cost 39 CLEARING OF UNSOLD STOCKS Summary of Existing Completed Inventories

THESE 5 COMPLETED PROJECTS ACCOUNT FOR 58% OF THE INVENTORIES

Setia Sky88, Setia Business Park, Setia Eco-Cascadia, Setia V-Residences, Alam Impian, Johor Johor Johor Penang Shah Alam

RM405mil RM149mil RM118mil RM151mil RM93mil

STRATEGY:

FOCUS ON END USERS

TARGET OVERSEAS BUYERS

RIGHT PRICING & FINANCING PACKAGES 40 PROJECTS LAUNCHED IN MALAYSIA FROM 2016 - 2018 Commendable take up rate of 64%

10,000 100% 9,000 81% 85% 8,000 80% 7,000 6,345 64% 5,755 6,000 60% 5,162 4,873 5,000 4,000 3,427 40% 3,000 2,178 2,000 20% 1,000 0 0% 2016 2017 2018 Units Launched Units Sold Take up rate (Units)

GDV Units Units Units Year Launched Take Up Rate* Launched Sold (billion) (%) 2016 RM4.60 6,345 5,162 81% (GDV = RM3.49bil) 2017 RM2.97 5,755 4,873 85% (GDV = RM2.31bil) 2018 RM2.75 3,427 2,178 64% (GDV = RM1.50bil)

* take up rate as at 31 Dec 2018 41 PLANNED NEW LAUNCHES IN FY2019 Combined GDV of RM6.80bil

Northern Eastern GDV GDV RM m 349 RM 164m

Central GDV RM 4,979m

Southern GDV Eco Lakes GDV RM 1,169m Eco Xuan RM 139m

Local Launches 98%

International Launches 2% 42 LAUNCHES OF NEW PHASES IN EXISTING PROJECTS Target to launch 8,247 units with GDV of RM6.01 billion

4,500 4,193

4,000

3,500

3,000

2,500

2,000

1,500 1,169 1,000 349 500 164 139 - Central Northern Southern Eastern International

Local Launches 98%

2% International Launches 43 LAUNCHES OF NEW PROJECTS Target to Launch 1,128 units with GDV of RM786 million

Focus launch on landed properties to suit market demand 44 TYPE & PRICE RANGE OF NEW LAUNCHES IN FY2019 BY GDV

Local Launches by Type Local Launches by Price Range

Commercial, ≤RM250k, 653 , 10%

Landed Total GDV Residential, >RM1mil, Total GDV Apartment / RM6,660 3,211 , 48% 2,945 , 44% RM6,660 Condominium, million million 2,647 , 40%

RMM,

International Launches by Type International Launches by Price Range Commercial, 25 , 18% ≤RM250k, 110 , 79% Landed Residential, 41 , 30% Total GDV Total GDV RM139 RM139 million million Apartment / Condominium,

Land size Estimated Market Location (acres) Value (RM’mil) Central Region 23.1 175 Southern Region 377.3 474 Northern Region 41.4 530

Total 441.8 1,179

46 SALES TARGET IN FY2019

MEETING THE UNDERLYING DEMAND… SALES TARGET IN FY2019 Sales RM5.65b Double Digit Growth

International, SALES 646 , 11% Local 89%

Eastern, International 11% 150 , 3%

Northern, 395 , 7% Sales Target RM5.65

Southern, billion 754 , 13% GROWTH

Central, 3,702 , 66% 10%

48 INNOVATIONS & INITIATIVES FOR THE GROUP IN 2019 INDUSTRIALISED BUILDING SYSTEM (“IBS”) Expanding the use of IBS for Landed Properties

 IBS is one of the construction method that can upgrade the quality and productivity of the construction by using better machineries, equipment, materials and extensive project planning.  To extent the use of IBS to landed properties with :  Standard Building Components  Standard Bath Layout  Standard Stairs Layout  Standard Floor to Floor Height Layout  Involvement during design & planning stage.  To start in Setia Alam 2-storey terrace houses and to extent to Setia Ecohill.  IBS offers a good reduction in cost compared to conventional system.

Currently used in high rise construction

To increase usage to landed residences 50 NEW TARGET GROUPS Expanding the reach to New Target Groups

 Senior Living:  Care Centres  Retirement Village Precinct Layout  Elder Friendly Unit Layout  Purpose-Build for AirBnb  Dedicated Entrance & Facilities Within Development  Flexi/Customised Units  Choice of unit layout to suit lifestyle

51 SUMMARY Priorities In FY2019

To achieve the RM5.65 billion sales target and prepare beyond FY2019 with higher sales and profit

Implementation and Execution of I&P land banks.

Implementing New Initiatives & expanding to New Target Groups

52 UNBILLED SALES, LAND BANKS & GDV

STRONG PIPELINE… UNBILLED SALES, LAND BANKS AND REMAINING GDV Unbilled Sales of RM12.32 billion is Supported by 9,516 acres of Remaining Land Banks and RM149.70 billion of Remaining GDV as at 31 December 2018

International, International, Eastern, 309 , 3% 16.68 , 11% 43, 1% Eastern, Northern, 1.94, 1% 1,809 , 19% Northern, 17.21 , 12% Remaining Remaining Landbanks GDV 9,516 RM149.7 acres billion Southern, 21.04 , 14% Southern, 2,327 , 24% Central, Central, 5,028 , 53% 92.82 , 62%

Unbilled sales – Local = RM4.24 billion Unbilled sales – International = RM8.08 billion

Remaining Land Banks and Remaining GDV * *Effective stake 54 AWARDS CLINCHED IN FY2018 Total of 22 Awards Clinched Crème de la crème

10-Time Winner 11-Time Winner 9-Time Winner

World Gold Winner The Edge Top Property Best Employers in Malaysia FIABCI World Prix d’Excellence Developers Awards 2018 2018 Awards 2018 No. 1 S P Setia Corporate HQ -Sustainable Development

Malaysia Landscape Architecture Awards MLAA *2017 Developer & GLC Category - Landscape Development Award The Malaysian Construction FIABCI Malaysia Property Award 2018 EcoHill Park, Setia EcoHill – Excellence Award SPICE – Purpose-Built Category Industry Excellence Awards Setia SPICE, Penang – Honour Award (MCIEA) 2017 Seri Kasturi Apartment – IBS Award Category 55 Q & A Thank You