IJM-Corporation-Berhad-2017 Final

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IJM-Corporation-Berhad-2017 Final CONSTRUCTION PROPERTY INDUSTRY United Kingdom Argentina OUR GL BAL PRESENCE PLANTATION INFRASTRUCTURE Scan this to view our Annual Report online. Our Annual Report, financial and other information about IJM Corporation Berhad can also be found at www.ijm.com China Vietnam ST Public listed company in Malaysia to be 1 connected via Workplace by Facebook India Indonesia Pakistan Singapore Middle East Malaysia ANNUAL GENERAL MEETING OF Wednesday 23 August 2017 IJM CORPORATION BERHAD 3.00pm Victorian Ballroom, Level 1 Holiday Villa Hotel & Suites Subang Refer to pages 352 to 354 for more detailed 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan, Malaysia information on our AGM Con tents framework summary information & commitments for shareholder 12 42 012 IJM Charter 042 Group Financial Highlights 012 Our Vision, Mission and Core Values 044 Group Quarterly Performance 014 IJM Group Structure 046 Statement of Value Added & Distribution 016 Corporate Diary 047 Information for Investors 049 Analysis of Shareholdings organisation business review & stewardship & reports 26 56 026 Board of Directors and Secretary 056 Chairman’s Statement 027 Profile of Directors and Secretary 060 Management Discussion & Analysis 032 Group Organisation Chart 096 Corporate Governance Statement 034 Profile of Key Senior Management 112 Audit Committee Report 116 Statement on Risk Management and Internal Control Con tents Since1986 2017 sustainability statement GROUP MARKET CAPITALISATION 186 times RM12.29 BILLION 12 4 as at 31 March 2017 126 Our roadmap for sustainability 132 Marketplace 140 Environment 150 Communities 158 Workplace GROUP TOTAL ASSETS 121 times RM20.89 BILLION financial statements as at 31 March 2017 & others GROUP PROFIT 16 8 BEFORE TAX 170 Financial Statements 349 List of Material Properties 83 352 Notice of Annual General Meeting times RM1,010.01 MILLION 355 Form of Proxy as at 31 March 2017 Corporate Information 004 ANNUAL REPORT 2017 CORPORATE PROFILE IJM Corporation Berhad (“IJM”) is a leading Malaysian conglomerate and is listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Its core business activities encompass construction, property development, manufacturing and quarrying, infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM’s international aspirations have seen it establish its presence in 10 countries, with primary ICP Piles used at Rapid Package 2, focus in Malaysia, India, China and Indonesia. Pengerang, Johor IJM’s growth over the past three decades has been the result of its unwavering focus on its core competencies, diversification into strategically related businesses and selective expansion into new markets. IJM was formed in 1983 as a result of a merger between three medium-sized local construction companies – IGB Construction Sdn Bhd, Jurutama Sdn Bhd and Mudajaya Sdn Bhd – to compete more effectively against bigger foreign contractors in Malaysia at the time. In the years following its formation, the Company quickly Rakanan Jaya North Estate, Sabah established itself as a professionally managed construction group and rapidly gained market acceptance. During this time, the Company progressively built on its delivery capabilities, competitive prowess and financial capacity to strengthen its footing as a reputable local contractor. In April 2007, IJM acquired the Road Builder Group (“RBH”), its nearest competitor, to augment its position as one of the country’s biggest builders. In addition to bolstering its construction order book, property land bank and infrastructure portfolio, the enlarged Group enabled IJM to attain considerable synergistic benefits, greater local prominence as well as possess a more sizeable balance sheet to bid for larger jobs and facilitate its expansion into overseas markets. Kuantan Port View IJM CORPORATION BERHAD 005 IJM’s undertaking as a property developer began as a natural progression from its experience in the construction business. The Group’s property arm, led by IJM Land Berhad, has since grown considerably and has emerged as one of the largest property developers in Malaysia with sprawling townships, commercial buildings and high-rise condominiums under development in key growth areas throughout the country. Besides establishing itself as a reputable township developer in India, IJM has also successfully undertaken overseas ventures in Orlando, USA, Singapore and Australia. Current overseas developments include projects in London, China and Vietnam. Initially supporting in-house needs, the Group’s Industry Division grew its operations into scalable core activities Sherwood 2, Kinrara South, Selangor focused on catering to demand from outside the Group. IJM continued to expand this division with strategic acquisitions such as the takeover of Industrial Concrete Products Berhad in 2004 and successful market diversifications into China, India and Pakistan. Leveraging on its construction expertise, the Group also owns and operates infrastructure concessions to create long-term recurrent income streams. Initial advancements into concession assets in Malaysia, however, proved elusive and an international focus was adopted. IJM’s involvement in overseas infrastructure privatisation Build-Operate-Transfer schemes met with considerable success. Amongst the Group’s present investments in major overseas infrastructure projects are the Western Access Tollway in Argentina, four Western Access Tollway, Argentina tolled highways and the Gautami power plant in India, and the Binh An water treatment concession in Vietnam. In Malaysia, the Group owns and operates the NPE, Besraya and LEKAS expressways as well as the Kuantan Port. IJM also owns a stake in the West Coast Highway that is currently being constructed. The Group had previously invested in and profitably sold several infrastructure assets in China. The Group ventured into oil palm plantations in 1985 as a source of steady income to cushion the cyclical nature of its core construction business. Now listed on the Main Market of Bursa Securities, IJM Plantations Berhad has contributed significantly to the Group’s earnings over the years and has also accorded the Group better resilience to weather macroeconomic and input costs volatilities. It is currently expanding its plantation operations into Indonesia. University of Reading Malaysia, Johor 006 ANNUAL REPORT 2017 Anchored on enduring values, IJM Group continues to make headlines in 2017. 008 ANNUAL REPORT 2017 AWARDS & ACCOLADES In our pursuit for excellence, we are honoured to have been PROPERTY recognised for our industry leadership, corporate and community stewardship as well as for having a dynamic workplace culture. • The Edge Malaysia Property Excellence Awards Top Property Developers Awards in 2016 and 2015; and Property Development Here is an overview of our awards and accolades that Excellence Award for Seremban 2 in 2016 showcases our track record and performance in the sectors that • StarProperty.my Awards 2017 we operate in. The All-Star Award: Top Ranked Developer of the Year; The Family-Friendly Award (Excellence) for Seremban 2; The Skyline Award (Excellence) for Seri CONSTRUCTION Riana Residence; and StarProperty.my Readers’ & Voters’ Choice Award • StarProperty.my Awards 2016 • Malaysian Construction Industry Excellence Awards The All-Star Award: Top Ranked Developer of the Year; The Family-Friendly Builder of the Year Award in 2015, 2002 and 2001 Award (Excellence) for Bandar Rimbayu; and The WOW Award (Excellence) for • Malaysian Construction Industry Excellence Awards The Light Waterfront Penang Best Project Award for Major Project (Building) in 2016, 2015, 2013 and • Property Insight Malaysia’s Prestigious Developer Awards Best Infrastructure Project for Major Project in 2016 Top 10 Developers Award in 2017, 2016 and 2015 • Malaysian Construction Industry Excellence Awards • FIABCI Malaysia Property Awards Contractor of the Year Award in 2012 and 2009 Master Plan Category Winner for Bandar Rimbayu in 2016 and The Light • Malaysian Construction Industry Excellence Awards Waterfront Penang in 2014 International Achievement Award in 2007, 2006 and 2001 • BCI Asia Top 10 Developer Awards (Malaysia) • RAM Ratings Blueprint Awards in 2016, 2015 and 2014 Project Finance Landmark Deal in 2015 • Malaysia Landscape Architecture Awards 2015 • PAM Awards for Excellence in Architecture Honours in Landscape Design for DeBunga Residensi and The Address in 2016 Silver Award in Public and Institutional Category (SOCSO Rehabilitation Centre) • MIP Planning Excellence Awards 2016 in 2015 Place Making and Public Space Award for The ARC at Bandar Rimbayu and • Utusan Business Awards Merit in Design Excellence for Bandar Rimbayu Industry Excellence in Construction Sector in 2015 • FIABCI World Prix D’Excellence Awards 2015 • National Health and Safety Award World Silver in Master Plan Category for The Light Waterfront Penang Construction for The Light Collection IV in 2014 • The Edge Malaysia Property Excellence Awards 2015 • Top Asia Corporate Ball Notable Property Achievement Award for The Light Waterfront Penang Malaysia’s Top Construction Giant Award in 2013 • The Edge Malaysia Property Excellence Awards 2014 • Occupational Safety & Health National Excellence Award The Edge-PAM Green Excellence Award (Honorary Mention) for The ARC at Gold Medal Award in 2007 Bandar Rimbayu • MITI Industry Excellence Award • Malaysia Book of Records 2015 for The Light Waterfront Penang Export Excellence (Services) in 2007 and 2003
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