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Financial Results & Group Update

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Financial Results & Group Update FINANCIAL RESULTS & GROUP UPDATE FOR THE YEAR ENDED 31 DECEMBER 2018 27 February 2019 Strengthened Position as No 1 Property Developer in Malaysia 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 Kuala Lumpur Cyberjaya, Selangor 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 Penang, 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.
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