1 Table of Contents Page Financial Year 2019 Highlights

❑ Key Financial Highlights 4

❑ Core Financial Performance 5

❑ Cash & Debt Position 6

❑ Launches by Product Type 7

❑ Sales Achieved & Unbilled Sales 9

❑ Other Business Highlights 10

Strengthening Our Resilience in 2020

❑ Moving Forward Strategy 12

❑ Targeted New Launches in FY2020 13

❑ Investment Proposition 14

2 Financial Year 2019 Highlights

City of Elmina • Delivered 259 residential units in FY2019

3 Key Financial Highlights Improved YoY financial performance

Revenue PATAMI Sales Achieved RM3,180.0 RM598.5 RM3,135.7 million million million

Total Equity Net Asset per Gross D/E Share 33.1% RM9,950.0 Net D/E million RM1.43 25.7%

Revenue Gross Profit Segment Net Assets (RM’m) (RM’m) (RM’m) 98.4 94.3 34.0 33.3 88.0 (4.2%) (0.7%) (3.1%) (2.9%) (4.2%) 1,839.8 (14.1%)

RM3,194.0m RM800.1m RM13,012.4m 11,084.5 (85.2%)

3,001.3 (94.0%) 732.9 (91.6%)

Property Development Property Investment Leisure & Hospitality 4 Note: Segmental results are before elimination Improved Core Financial Performance Amid the challenging property market

REVENUE RM3,180.0m RM2,446.0m

In RM mil FY2019 FY2018 % 152.2 3.4 Core Revenue 3,027.8 2,442.6 24.0 +24.0 Non-core land sales 152.2 3.4 3,027.8 2,442.6 Reported Revenue 3,180.0 2,446.0 30.0

FY2019 FY2018 PBIT Core Revenue Non-core land sales

In RM mil FY2019 FY2018 % RM567.3m RM30.9m

Core PBIT 351.0 258.3 35.9 216.3 +35.9

351.0 258.3 One-off Items 216.3 (227.4) (227.4) Reported PBIT 567.3 30.9 1,735.9 FY2019 FY2018

Core PBIT Non-core PBIT PATAMI RM598.5m (RM238.5m) In RM mil FY2019 FY2018 % 286.5 +94.5 312.0 Core PATAMI 312.0 160.4 94.5 160.4

(398.9) One-off Items 286.5 (398.9)

Reported PATAMI 598.5 (238.5) 350.9 FY2019 FY2018 Core PATAMI Non-core PATAMI

5 Note: The performance of the Group for the financial year under review is compared to the corresponding twelve months period comprising unaudited results for the period from 1 January 2018 to 30 June 2018 and audited results for the period from 1 July 2018 to 31 December 2018, to provide a meaningful comparison. Cash & Debt Position Healthy cash position and moderate gearing level

Net disposal proceeds Mainly due to higher after equity injection in Battersea sales from residential Utilisation mainly for landed and coupled with finance cost paid high progress billings and dividends

69.4 411.6

743.3 649.1 (386.5) (0.3)

Cash Position @ Operating Cash Investing Cash Financing Cash Foreign Exchange Cash Position @ 31 December Flow Flow Flow 31 December 2018 2019

❑ Strong balance sheet as at 31 December 2019 with a healthy cash balance of RM743.3m and low net gearing ratio of 25.7%

6 Launches by Product Type ~56% of launched GDV was from residential landed properties

Total of 2,917 units launched worth RM2.30b (take-up rate: 76%)

Residential Units: 1,633 Landed GDV: RM1,258.2m

Township Project Launched Elmina West

Elmina East

Bukit Jelutong

Bandar

Serenia City

Bandar Ainsdale

Bandar Universiti Pagoh

7 Note: Other launches includes low cost shops and low cost factories in Elmina East, commercial land sales in Bandar Universiti Pagoh and industrial land sales in Kota Elmina totalling 44 units worth GDV of RM157.5 million Launches by Product Type (cont’d) Other product type with a combined launched GDV of RM942m

Residential Putra KL East SJCC Heights High Rise Units: 560 GDV: RM436.4m

Commercial Putra Heights City of Elmina

Units: 43 GDV: RM67.6m

Statutory Housing Elmina West Units: 562 GDV: RM131.0m

Industrial Nilai Impian 2 Units: 75 GDV: RM307.0m

8 Note: Other launches includes low cost shops and low cost factories in Elmina East, commercial land sales in Bandar Universiti Pagoh and industrial land sales in Kota Elmina totalling 44 units worth GDV of RM157.5 million Sales Achieved & Unbilled Sales Sales achieved was 37% above target; Unbilled sales provides earnings visibility in the next 2-3 years

Sales Achieved Unbilled Sales (RM’m) (RM’m)

RM3,135.7m RM1,551.5m 25.4% YoY 5.0% YoY (FY2018: RM2,500.7m) (Dec’18: RM1,478.4m)

Sales Achieved by Location

(45.8%) ~63% from Serenia City, Ara Damansara & Putra Heights Units Delivered

(26.3%) (19.9%) 886 completed units delivered (GDV: RM912.8m) (4.5%) (2.8%) - mainly in City of Elmina, Bandar Bukit (0.7%) Raja and Bandar Universiti Pagoh

9 Other Business Highlights Leader in Sustainability + New Growth Area in ILD

A Constituent of Global Sustainability Indices

FTSE4Good BURSA Reselected as an Index constituent of the Dow FTSE4Good Asean 5 nd Jones Sustainability Index for the 2 Year 2018 & 2019 Constituent

Industrial & Logistics Developments (ILD)

The First Managed Industrial Park Groundbreaking Ceremony of Bandar in Nilai Impian, Negeri Sembilan Bukit Raja Industrial Gateway (under MVV 2.0)

Total GDV: RM520m Total GDV: RM530m

10 Strengthening Our Resilience in 2020

The Ridge • Launched 254 units worth RM176.5m of GDV in FY2019

11 Moving Forward Strategy Unprecedented circumstances lead to new focuses and strategies

Key Action Plans post COVID-19

1 Resolving Immediate 2 Addressing Financial Impact, 3 Focus on our Corporate Challenges that COVID-19 including Near Term Cash Flow Priorities for FY2020 presents to our Employees, Management Customers and Business Partners

Immediate Term : Business Re-alignment and Focus

1 Revenue Generation : 2 Financial Management : - Clear unsold inventories - Cost optimization - Intensify Marketing efforts (include - Cash conservation Digital Marketing and online sales) - Booking conversion

Moving Forward Strategy

Total Review of our Strategy to maximise ’s potential from FY2021 onwards - Differentiation of product offerings - Enhance our development components - Diversify our business income streams 12 Targeted New Launches in FY2020 Strategic launches in the pipeline is crucial Units : 2,393 GDV : RM1,336.0m

Launches by Type Launches by Location Majority (73% of total) of the Launches along the Guthrie Corridor launches in FY2020 was from landed and in continued to make up residential products majority of the total launches (69%) 7% 2%

9% 9% 11% 20% 48%

73% 21%

Residential Landed Commercial Guthrie Corridor Klang Statutory Industrial Other areas in Negeri Sembilan Johor Year To Date Products Launched

Elmina East Bandar Bukit Raja 2 (Ilham Residences) Elmina East (Temu) (Lumira 1) (Linked Homes) (Shop/Office/Retail Space) (Double Storey Terrace House)

No. of Units : 513 units No. of Units : 70 units No. of Units : 125 units Value : RM370.6m Value : RM126.0m Value : RM90.7m Launch Date : Feb 2020 Launch Date : Mar 2020 Launch Date : May 2020

Launched GDV: RM587.3 million Combined average take-up rate of 77%

13 Note: Take-up rate is based on the bookings + units sold as at 24 June 2020 Investment Proposition Strong fundamentals and track records for growth

Industry long-term prospects SDP’s intrinsic growth fundamentals : remain positive : • >40 years of track record in developing • Buoyed by Government’s relief townships & communities measures & low interest rate • Land bank of ~20k acres strategically environment located in economic corridor with • Defensive industry - property options for further 20k acres remains a prominent • Market leader in Corporate investment asset class for long- Sustainability term

1 RESILIENT 3 SHAREHOLDER FINANCIAL POSITION RETURNS 2 PROMISING GROWTH POTENTIAL

Stable Returns : Attractive valuation : Solid balance sheet as Revenue visibility as at • Dividend pay-out of at least at 31 Mar 2020 : 31 Mar 2020 : 20% of net profit • Trading at: • Unbilled sales of o ~55% discount to book • Low net gearing: • Historical pay-out ratios : 0.26x - one of the RM1.47b value & GDV lowest amongst peers o FY2018 – 53.1% o ~14.0x trailing P/E, • Healthy bookings o FP2018 – 44.4%* recorded at ~RM900m close to peers’ average • Healthy cash o FY2019 – 34.1% of ~12.0x position: RM925.5m • New launches in • Dividend yield in FY19: 4.2% pipeline worth (based on closing price of RM0.72 ~RM900m GDV as at 18 June 2020) * Excluding one-off 14 THANK YOU

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