Resources for Growth Corporate Briefing 2012 MALAYSIAN RESOURCES CORPORATION BERHAD Contents: 1) MRCB Group of Companies 2) Property Development 3) Engineering & Construction 4) Infrastructure - Environmental Projects 5) Recurring Income Business Divisions: Toll Concessions, Property Investments and Building Facilities Management Page 2 Top 3 Shareholders as at 29 June 2012 Top 3 Shareholders No. of shares % Employees' Provident Fund 585,070,800 42.20% Public Bank's Fund Management 149,821,000 10.81% Lembaga Tabung Haji 61,867,273 4.46% Total paid-up share capital 1,386,467,043 shares Number of shareholders 36,991 Page 3 Consensus Revenues & Earnings Forecasts Revenue 2012 2013 2014 Net Profit 2012 2013 2014 Hwang DBS 1,374.0 1,600.0 1,588.0 Hwang DBS 78.0 102.0 113 Affin Securities 1,714.2 1,717.4 1,720.8 Affin Securities 75.9 110.9 112.0 RHB Securities 1,507.7 1,905.6 2,748.1 RHB Securities 87.4 122.7 165.8 OSK Research 1,213.1 1,522.3 1,660.6 OSK Research 85.0 105.3 CIMB Securities 1,757.0 2,006.0 2,293.0 CIMB Securities 78.9 100.1 122.7 KAF 1,489.8 1,385.6 2,009.7 KAF 83.2 78.0 153.0 Kenanga 1,305.5 1,281.3 Kenanga 109.2 116.2 UOB Kay Hian 1,749.0 1,969.0 2,093.0 UOB Kay Hian 83.0 187.0 205 CLSA 1,552.0 1,671.0 1,759.0 CLSA 82.0 99.0 114.0 Hong Leong 1,637.5 1,970.0 2,327.0 Hong Leong 69.4 162.2 251.2 AM Research 1,363.2 1,405.3 1,413.6 AM Research 80.0 88.3 99.0 MIDF 1,897.3 MIDF 85.0 SJ Securities 1,470.5 SJ Securities 80.0 Average 1,540.8 1,675.8 1,961.3 Average 82.8 115.6 148.4 Recommendation Call Target RM Date Hwang DBS Buy 2.70 7-May-12 Affin Securities Buy 2.71 10-Feb-12 RHB Securities Trading Buy 2.02 18-Jun-12 OSK Research Trading Buy 2.38 23-May-12 CIMB Securities Trading Buy 1.90 23-May-12 KAF Buy 2.36 23-May-12 Kenanga Outperform 2.71 23-May-12 UOB Kay Hian Buy 2.03 18-Jun-12 CLSA Sell 1.80 9-Feb-12 Hong Leong Buy 2.50 25-Jun-12 AM Research Hold 2.30 23-May-12 MIDF Neutral 2.43 10-Feb-12 SJ Securities Neutral 2.45 15-Feb-12 All Calls 9 Buys; 3 Holds; 1 Sell 2.33 Page 4 Section 1 MRCB Group of Companies A Focused Property Developer and Infrastructure / Construction Group of Companies Property Engineering & Environment & Building Services Development Construction Infrastructure Urban high rise Buildings and high rise River Facilities Management residential & rehabilitation commercial Building Maintenance developments Civil & Infra works Coastal Car Park Services Transport hub engineering Residential Development Toll Township concessions IT Services & Infrastructure Energy-Power Network & Industrial shop offices Transmission expressways Telecommunications & Real Estate Intelligent Systems Page 6 Section 2 Property Development Kuala Lumpur Sentral Development Bandar Seri Iskandar Senawang Sentral Penang Sentral Development Jalan Kia Peng/Stonor Residential Development Batu Ferringhi, Penang Selbourne 2 Setapak Lot F MRCB Land Property Investment Development Properties Kuala Lumpur Sentral Lot G - Nu Sentral* Bandar Seri Iskandar Platinum Sentral Senawang Sentral Lot 348 – Shell Tower & Ascott Residences* Penang Sentral Development** Jalan Kia Peng Residential** Plaza Alam Sentral Batu Ferringhi, Penang** Kompleks Sentral Selborne 2** Setapak** Sooka Sentral Lot F** * Under construction ** To be developed Page 8 TM KUALA LUMPUR SENTRAL- An Integrated Development Within A World-Class Transportation Hub • The exclusive urban centre built around Malaysia’s largest transit hub, offering global connectivity, and business convenience. • 72 acres development - city within a city concept, at the nucleus is the Stesen Sentral Kuala Lumpur. • Development phased until 2018, Kuala Lumpur Sentral is a world-class city valued at a massive RM15 billion. • The development comprise of Stesen Sentral, corporate office towers and business suites, international hotels, luxury condominiums, a shopping mall and lifestyle facilities. • Stesen Sentral’s integrated rail network and city air terminal facilities provide unparalleled connectivity. • The largest commercial development in Kuala Lumpur today and enjoys close to 100% occupancy. • Awarded Malaysia’s first MSC Cybercentre status in 2006 with tax advantages, full broadband infrastructure, fiber optics connectivity and an independent power supply. • Completed RM4 billion worth of development, RM8 billion development value in progress and RM3 billion value for future development. Page 9 TM Page 10 TM Kuala Lumpur Sentral Development Update % Dev GFA (sq ft) Est GDV MRCB's equity Completion @ Lot (w/o car parks) NFA (sq ft) RMm Exp Completion interest 31 MAR 2012 COMPLETED Investment Properties Platinum Sentral E 937,891 533,082 700 2011 100.0% 100.0% UNDER DEVELOPMENT Investment Properties Nu Sentral Retail Mall G, Parcel A 1,145,471 650,000 1,050 2012 51.0% 36.2% 348 Sentral: Shell Tower Lot 348 800,231 542,358 728 2012 100.0% 44.9% Ascott Residences Lot 348 215,017 134,561 180 2012 100.0% 44.9% For Sale 2 Office Towers G, Parcel C 840,698 767,335 706 2012 60.0% 69.9% Aloft Hotel G, Parcel D 348,700 309,898 217 2012 60.0% 69.9% Q Sentral Office Tower B 1,449,749 1,003,677 1,228 2015 65.7% 14.9% Sentral Residences D 1,549,418 1,084,593 1,307 2015 51.0% 4.7% Construction Works Perdana Sentral Office Tower G, Parcel B 563,574 440,000 385 2012 - 36.2% CIMB-Mapletree Office Tower A 722,922 620,642 404 2012 - 78.7% Investment or Sale St Regis: Hotel C 513,659 253,454 624 2014 30.0% Residences C 512,876 390,940 646 2014 30.0% 8,662,315 6,197,458 7,475 FUTURE DEVELOPMENT Est Commencement Office Towers F 3,147,964 2,500,000 3,800 2013 78.6% 3,147,964 2,500,000 3,800 Total 11,810,279 8,697,458 11,275 Legend: Investment Properties For Sale Construction Works Investment / Sale Page 11 TM LOT A – CIMB MAPLETREE OFFICE TOWER % dev comp @ 31 March E&C’s contract sum: RM273.6 million 2012: 78.7% % completion @ 31/3/2012: 75% Exp completion: 2012 100% Sold to CIMB-Mapletree for CIMB Investment Banking Group HQ S & P : 27 July 2007 GDV : RM404,193,010 (includes RM100m for land consideration) Completion : 2012 Land Area : 1.88 acres GFA (w/o car park) : 722,922 sq ft NFA : 620,642 sq ft Car park bays : 662 bays Building Particular : 1 Block Office Consist of:- • 6 Levels of Basement Car Park • 1 Level of Main Lobby / Office • 4 Levels of Podium Car Park • 2 Levels of Auditorium, Club House, Restaurant and Crèche • 1 Level Mechanical & Electrical Room • 27 Floors of Offices Main contractor : MRCB Engineering Sdn Bhd Development in Progress Page 12 TM LOT B – Q SENTRAL OFFICE TOWER % dev comp @ 31 March 2012: 14.9% @ 31 Mar 2012 Value sold: RM722 m (60%) 65.7% 34.3% • 45 storey strata Grade A office suites. • GFA: 1.4 million sq ft (w/o car park) • NFA: 1.0 million sq ft • Estimated GDV of RM1.2 billion • Completion by 2015 • Car parks: 1,407 bays • Site area: 1.85 acres • Features: - 15 levels of Low Zone Offices (Levels 13A – 29) and 13 levels of High Zone Offices (Levels 30 – 42). High Zone will present floor plates of up to 40,000 sq ft. - Sky Garden on Level 33A, a distinctive “open-to-the-sky” concept, dining and extensive greenery - Penthouse with15,000 sq ft private rooftop garden on Level 43 • Main contractor: MRCB Engineering / Quill Construction • Commencement: 2Q 2011 • To comply with Green Building Index standards Development in Progress Page 13 TM LOT C – ST REGIS HOTEL & RESIDENCES CMY Capital 60% 30% Jitra Perkasa 10% • JV between MRCB and CMY Capital for the development of St Regis Hotel and Residences. • Components: 210 hotel rooms & 160 service apartments under St Regis brand. • Site area: 2.18 acres • GFA (w/o car parks): 1.0 million sq ft • NFA: 644,394 sq ft • Car parks: 797 bays • Est. GDV: RM1.3 billion. • Commencement: 1Q 2011 • Completion: 2014 • To comply with Green Building Index standards Page 14 TM LOT D – THE SENTRAL RESIDENCES % dev comp @ 31 March 2012: 4.7% 51% 49% • Total 752 units of luxury serviced residences - GDV of RM1.3 billion • Facing the National Museum, Lake Garden as well as the KL City Centre with roof-top sports & club amenities • GFA: 1.5 million sq ft (w/o car park) • NFA: 1.2 million sq ft • Car parks: 2000 bays • Site area: 2.35 acres @ 31 Mar • Commencement: 2nd half 2011 2012 • Estimated completion by 2015 Value sold: • Main contractor: MRCB Engineering / Quill Construction RM400 m • To comply with Green Building Index standards (30%) Page 15 TM LOT E – PLATINUM SENTRAL Completed 100% • A business park with mixed used commercial and retail development set within a tranquil park setting. • Prime office space with proximity to the transport hub, hotels, shopping complexes, office towers and condominiums. • Est. GFA of 937,891 sq ft (w/o car parks) with estimated development value of RM700 million. • NLA: 533,082 sq ft – 69% secured tenancy. Average gross rent psf per month – (Office:RM8.50, Retail:RM5.50).