COMPANY PRESENTATION - Mah Sing · Lakeville Residence , KL M Vertica, Cheras M Centura, Sentul...

COMPANY PRESENTATION

Disclaimer

This presentation may contain forward-looking statements that involve risks and uncertainties. Actual futureperformance, outcomes and results may differ materially from those expressed in forward looking statements as aresult of a number of risks, uncertainties and assumptions. Representative examples of these factors include (withoutlimitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability of realestate properties, competition from other companies, shifts in customer demands, changes in operating expenses,governmental and public policy changes and the continued availability of financing in the amounts and the termsnecessary to support future business. You are cautioned not to place undue reliance on these forward lookingstatements, which are based on the current view of management on future events.

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Mah Sing History

1992 2000

1994 2004

2007

2009 2017

2013

Listed Plastics

Ventured into property development

• Birth of i-Parcseries (Mah Sing Industrial Integrated Park)

Re-designated to property sector

Townships in Johor: Sri PulaiPerdana & Austin Perdana

Increased presencein Greater KL

Niche mid-high/high end: PerdanaResidence, One Legenda, KemuningResidence, Damansara Legenda

Township: Aman Perdana

Ventured into commercial & Penang Island

Commercial: Icon Tun Razak& Southgate

SouthbayPenang Island

More niche & townshipsin Central KL & KV South

Townships KV South : Cyberjaya & Kinrara

M Suites & M City,Jln Ampang

Integrated devmtIcon City, PJ

Further expansion in Greater KL

D’sara Sentral, Sg Buloh Lakeville Residence , KL M Vertica, Cheras M Centura, Sentul

More townships in Greater KL & expansion to Sabah

KV North:M Residence 1,2,3 in Rawang

KV South : Southville City in Bangi

Sabah: SuteraAvenue

FINANCIAL HIGHLIGHTS

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1.78 2.01

2.9 3.11 2.96

2012 2013 2014 2015 2016

Strong Financial Track Record

232280

356 387 361

2012 2013 2014 2015 2016

14%RETURN ON EQUITY

5-year Average(Above comparable peers’

5-year average of 9%)

49%ASSET TURNOVER

5-year Average (Above comparable peers’

5-year average of 24%)

4246

4143

40 4145

4244

4143

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

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Minimum 40% payout since 2006 (11 years)

327 385

471 518 496

2012 2013 2014 2015 2016

EBITDA (RM mil)Revenue (RM bil)

PATAMI (RM mil) Dividend Payout (%)

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Prudent Capital Management

0.04

0.02

2015 2016 3Q17

Net Debt/Equity (times)

3.7 3.84.6

2015 2016 3Q17

Total Equity (RM bil)Vacant Possession Billings (RM mil)

523637

2016 2017 est

STRONG BALANCE SHEET FOR LANDBANK

ACQUISITION

Net Cash

Net Cashas at 30 Sep’17

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BUSINESS OVERVIEW

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Portfolio Overview

Completed projects On-going projects

*completed projects REMAINING LANDBANK

2,131A C R E S

34+13*

P R O J E C T S

RM28.3B I L L I O N

REMAINING GDV + UNBILLED SALES

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New Lands

ProjectsAcquisition Land size GDV

Date (Acres) (RM'mil)Sentul May-17 9.0 1,300M Vertica, Cheras July-17 11.2 2,200Permatang, Penang July-17 17.3 150

37.5 3,650

M CENTURA, SENTUL

M VERTICA, CHERAS

PERMATANG, PENANG

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Portfolio Composition

66%

23%

10%1%

65%

30%

5%

Strategic Location Mix Broad Product Offerings

GREATER KL

18.7B I L L I O N

21 PROJECTS

JOHOR

6.5B I L L I O N

7 PROJECTS

PENANG

2.9B I L L I O N

5 PROJECTS

SABAH

0.2B I L L I O N

1 PROJECTS

COMMERCIAL(shops, offices,

retail, hotel, SOVO)

8.4B I L L I O N

18.4B I L L I O N

RESIDENTIAL(high-rise and

landed)

1.5B I L L I O N

INDUSTRIAL

RM28.3 bil* RM28.3 bil*

*GDV + Unbilled Sales

Target

75%in 2-3 years

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Dividend Policy

Note :*Based on the closing price on 31 December of the respective year

FYE 31.12 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Net dividend / share (sen) 4.4 5.9 6.0 4.9 5.7 8.3 7.5 8.0 6.5 6.5 6.5

Net dividend yield * (%) 2.6 3.1 3.8 2.7 3.1 3.9 3.6 3.5 3.9 4.5 4.5

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25 26

4246

4143

40 4145

4244

4143

0

10

20

30

40

50

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

M i n i m u m 4 0 % o f N e t P r o f i t P a y o u t s i n c e 2 0 0 6

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MOVING FORWARD

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Strategic Thrusts for FY17

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Continue to develop accessible, well-planned mass market housing projects priced belowRM500,000 with good concepts in strategic locations

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With our strong balance sheet (net cash position), we are in a good position for more landacquisitions, joint ventures and investments.

Remain focused in Greater KL with plans to increase Greater KL portfolio to 75% of totalremaining GDV within the next 2-3 years, from the current 66%.

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Thank You