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SIME DARBY PROPERTY BERHAD Credit Suisse 9Th Annual ASEAN Conference 11 & 12 January 2018 1 Cautionary Note

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SIME DARBY PROPERTY BERHAD Credit Suisse 9Th Annual ASEAN Conference 11 & 12 January 2018 1 Cautionary Note SIME DARBY PROPERTY BERHAD Credit Suisse 9th Annual ASEAN Conference 11 & 12 January 2018 1 Cautionary Note This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do not intend to register any securities under the US Securities Act of 1933, as amended (the “Securities Act”), and any securities may not be offered or sold in the United States absent registration under the Securities Act or an exemption from registration under the Securities Act. By attending the presentation you will be deemed to represent, warrant and agree that to the extent that you purchase any securities in any of the companies referred to in the presentation, you either (i) are a "qualified institutional buyer" within the meaning of Rule 144A under the Securities Act, or (ii) you will do so in an "offshore transaction" within the meaning of Regulation S under the Securities Act. This presentation may contain forward-looking statements by Sime Darby Berhad that reflect management’s current expectations, beliefs, intentions or strategies regarding the future and assumptions in light of currently available information. These statements are based on various assumptions and made subject to a number of risks, uncertainties and contingencies. Actual results, performance or achievements may differ materially and significantly from those discussed in the forward- looking statements. Such statements are not and should not be construed as a representation, warranty or undertaking as to the future performance or achievements of Sime Darby Berhad and Sime Darby Berhad assumes no obligation or responsibility to update any such statements. No representation or warranty (either express or implied) is given by or on behalf of Sime Darby Berhad or its related corporations (including without limitation, their respective shareholders, directors, officers, employees, agents, partners, associates and advisers) (collectively, the "Parties") as to the quality, accuracy, reliability or completeness of the information contained in this presentation (collectively, the "Information"), or that reasonable care has been taken in compiling or preparing the Information. None of the Parties shall be liable or responsible for any budget, forecast or forward-looking statements or other projections of any nature or any opinion which may have been expressed or otherwise contained or referred to in the Information. The Information is and shall remain the exclusive property of Sime Darby Berhad and nothing herein shall give, or shall be construed as giving, to any recipient(s) or party any right, title, ownership, interest, license or any other right whatsoever in or to the Information herein. The recipient(s) acknowledges and agrees that this presentation and the Information are confidential and shall be held in complete confidence by the recipient(s). This presentation is for the purposes of information only and no part of this presentation is intended to be or shall be construed as an offer, recommendation or invitation to subscribe for or purchase, or otherwise making available, any securities in Sime Darby Berhad. 2 Presentation Outline 1. Overview 2. Strategies 3. Transformation Focus 4. Financial Performance 5. Appendices 3 1. Overview 2. Strategies 3. Transformation Focus 4. Financial Performance 5. Appendices 4 Our History – Who We Are • Sime Darby Property, SP Setia • Sime UEP was and EPF acquired the iconic established through • Completion of Battersea Power Station for the acquisition of a the Guthrie GBP400mn (42 acres) 30 large stake in Corridor United Estates Expressway • Concession agreements with Nov Projects Bhd, the (25 km) which the government of Malaysia developer of Subang connect Shah and four higher learning 2017 Jaya township Alam to institutions were signed to (2,241 acres) Rawang develop Pagoh Education Hub 1984 2005 2012 Sime 1972 1995 2007 2013 Darby • Negara • Guthrie • Sime Darby • City of Elmina Property Properties, the Property Property Division was launched subsidiary of Development was established (5,000 acres) Berhad, an Golden Hope Holding Bhd, a following the historical merger independent Plantations subsidiary of of Kumpulan launched its Kumpulan Sime Darby Bhd, listed entity first township Guthrie Berhad Kumpulan on Bursa – Taman launched its Guthrie Bhd and Melawati first township – Golden Hope Malaysia (880 acres) Bukit Jelutong Plantations Bhd (2,205 acres) 5 Our Footprint Integrated Townships Landbank HSR Hubs development 20,763 acres of the remaining Georgetown developable land bank which includes: . Ara Damansara . Pulau Tikus . SJCC 12,026 acres of the remaining . SJ7 developable land bank located . ALYA . Taman Melawati within our existing 23 active . KL East townships, integrated and niche . Lagong MALAYSIA . Kota Elmina developments . City of Elmina . Denai Alam 3,196 acres of land located . Bukit Jelutong . Bandar Bukit Kuala within the Malaysia Vision Valley Raja 1, 2 & 3 Lumpur (MVV) region . Putra Heights . Saujana Impian Negeri Total estimated GDV of . Serenia City Sembilan RM100.4 bn for the remaining . Planters’ Haven Melaka developable land bank . Hamilton . Labuan Bileh Additional 20,599 acres of land . Nilai Impian 1 & 2 . Bandar Ainsdale via MVV and Land Options . Nilai Utama Johor Agreements (5+3 years) Bahru . Bandar Universiti Pagoh SINGAPORE 1,599 employees 6 An Integrated Property Developer What We Do Property Property Hospitality Development Investment & Leisure . Domestic: Klang Valley, . Manages ~2mn sq. ft. of . Domestic: Sime Darby Negeri Sembilan and Johor net commercial space in Convention Centre, TPC KL, Malaysia, S’pore and Impian Golf & Country Club . International: London, United Kingdom United Kingdom, . International: Darby Park development of Battersea . Retail Mall: Melawati Mall Executive Suites, S’pore & Power Station Darby Park Serviced Residences, Vietnam Breakdown of Revenue Breakdown of Operating Profit RM3.25bn RM2.60bn RM2.56bn RM642mn RM455mn RM353mn 4% 5% 6% 5% 3% 2% 106% 4% 114% 113% 92% 93% 90% -1% -18% -4% -9% -5% FY2015 FY2016 FY2017 FY2015 FY2016 FY2017 7 Shareholding Structure as at 10 Jan’18 RM1.64 54.7% Share Price Share Price Movement (RM) 1.78 1.64 1.52 1.45 1.28 1.20 As at 10 Jan’18 1.11 Foreign Shareholdings 14.7% 10.7% 4.8% RM11.09bn 15.1% Market Capitalisation Domestic Shareholdings 6,800,839 and the public Number of Ordinary Shares (000’) Source: Tricor 8 Strong and Dynamic Board of Directors Board members have held prominent positions and directorships in public listed companies involving the property sector as well as the banking and finance sectors and in governmental, regulatory and professional bodies Tan Sri Abdul Wahid Dato' Rohana Tan Sri Dato' Sri Amrin Omar Mahmood Awaluddin Non-Independent Non- Senior Independent Managing Director Executive Chairman Non-Executive Director Tengku Datuk Seri Ahmad Dato' Jaganath Shah Alhaj ibni Almarhum Dato' Johan Datuk Tong Poh Derek Steven Sultan Salahuddin Abdul Ariffin Keow Sabapathy Azjz Shah Alhaj Independent Non- Executive Director Independent Non- Independent Non- Executive Director Executive Director Executive Director Dato' Seri Ahmad Datuk Dr Mohd Daud Datin Norazah Johan Mohammad Bakar Mohamed Razali Raslan Non-Independent Non- Independent Non- Independent Non- Executive Director Executive Director Executive Director 9 Qualified and Experienced Management Team Strong management team with relevant experience and a proven track record in the real estate industry Dato' Sri Amrin Awaluddin Managing Director Fairuz Radi Dato’ Wan Hashimi TBA TBA Datuk Tong Poh Albakri Chief Marketing Keow Chief Transformation Chief Operating Officer & Head, Chief Operating Officer Officer – & Sales Officer Group Chief Managing Director’s – Township Integrated Financial Officer Office Development (w.e.f. 16 Jan’18) (w.e.f. 1 Mar’18) TBA TBA Tang Ai Leen Choo Suit Mae Chief Group Chief Human Chief Risk and Group General Resources Officer Corporate Counsel Compliance Assurance Officer Officer (w.e.f. 1 Mar’18) 10 Financial Highlights as at 30 June 2017 RM2.6bn RM818mn 32% Revenue PBIT PBIT Margin RM608mn RM11bn 7% PATAMI Invested Cap ROIC RM1.77bn RM1.92bn 55% Unbilled Sales Gross Sales Value Avg. Take Up Rate RM6.3bn RM14.6bn 18% Shareholders’ Fund Total Assets Gross Debt/Equity Ratio Pro forma shareholders’ fund post- Pro forma D/E Ratio post-listing: listing: RM9.6bn 12% 11 Financial Highlights as at 30 September 2017 RM464mn RM101mn 24% Revenue Operating Profit Operating Profit Margin RM420mn RM421mn PBIT PATAMI RM1.78bn RM528mn 667 Unbilled Sales Gross Sales Value Units Sold RM6.9bn RM14.6bn 15% Shareholders’ Fund Total Assets Gross Debt/Equity Ratio Note: 1QFY18 PBIT included the gain on disposal of Malaysia Land Development Company of RM41mn and the gain on disposal of 40% equity stake in Seriemas Development Sdn Bhd of RM278mn – total RM319mn 12 Sustainability Strategic Framework Sustainability Purpose: “Contribute to a Better Society, Minimise Environmental Harm and Deliver Sustainable Development” Ascribed to the United Nations Sustainable Development Goals (SDGs) City of Elmina Townships For The Future Earmarked as a model Wellness & Liveability Township Elmina Community Park 13 1. Overview 2. Strategies 3. Transformation Focus 4. Financial Performance 5. Appendices 14 Key Investment Highlights #1 20,763 acres with remaining estimated GDV of
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