Invest malaysia 2012

Sunway Berhad

30 May 2012

Sunway Bhd Corporate Profile • Sunway Bhd was listed under the property sector of the Main Market of Bursa Malaysia on 23 August

2011 following the merger between Sunway Holdings Bhd and Sunway City Bhd

• The enlarged Sunway Bhd currently has a market capitalization of approximately RM3.0 billion

2

Prop-Con Advantage

Construction Integrated Property

REIT Management

Integrated Property

Landbank

Acquisition

Design & Masterplan

Construction & Supply

Chain Mgmt

Marketing & Sales

REITs

Developer / Contractor Operator Investor/Manager

Leading regional property and construction Group

Integrated Property Construction Prop-Con Collaboration

Leveraging on integrated development expertise & construction collaboration

Go international focusing mainly in China & Singapore

Use Virtual Design and Construction (VDC) platform to reduce design faults, construction costs and delays

New business in Project Management Consultancy (PMC) underpinned by VDC

Proven turnkey contractor Focus on higher margin

specialty construction services (eg. geotechnics and M&E services)

Stra

tegy

Integrated Real Estate Business Model

3

4

Proven Track Record – SunCity & Sunway Holdings Combined

121

181

229 223

286

327

2006 2007 2008 2009 2010 2011

Core PATMI('mil)

5

Sunway Berhad

31 Dec 10 31 Dec 11

Audited Audited

RM mil RM mil

Revenue 3,102.1 3,691.7

EBITDA * 621.8 592.8

PATMI 684.4 372.1

PATMI (Core)* 286.2 327.1

Financial Performance

* Excludes gains arising from asset revaluation and deferred tax reversal in relation to assets disposal, but includes one-off merger costs.

Malaysia 67%

ASEAN 31%

Others 2%

FY2011 PATMI Distribution

• ASEAN includes mainly Singapore, Thailand and Indonesia.

• Others include China, India, Australia and Abu Dhabi.

6

Sunway Berhad 31 Dec 10 31 Dec 11

Audited Audited RM mil RM mil

Paid-up share capital # 1,292.5

Share premium & other reserves 1,865.3 2,884.9

Merger reserve 1,652.6 (1,192.0)

Shareholders’ Funds 3,517.9 2,985.4

Total assets 6,980.5 7,843.6

Net Debt 537.3 1,477.0

Gearing Ratio * (times) 0.15 0.49

Net assets per share ** (RM) 2.72# 2.31

Sound Balance Sheet

* Gearing ratio = Net debt / Shareholders’ Funds ** Net assets per share = Shareholders’ Funds / No of shares # No. of shares as at 31 Dec 2010 is 2 ordinary shares of RM1.00 each. For meaningful analysis, net assets per

share for FYE 2010 is based on no. of shares of Sunway Bhd as at listing date, 23 August 2011.

Integrated Property

Multiple Strategic Locations

Remaining Landbank

• Land area: 2,794 acres

• Total GDV: RM 33 bil

• Effective GDV: RM 21 bil (63%)

• Development period: 5-10 years

Based on

effective interest

Klang Valley

835 acres

RM 10.6 bil

Johor

755 acres

RM 13 bil

Penang

106 acres

RM 1.2 bil

China

95 acres

RM 5.4 bil

Singapore

5 acres

RM 0.9 bil

Others

998 acres

RM 1.6 bil

Malaysia, RM16.4bil

79%

China RM3.3bil

16%

Singapore RM0.3bil

2%

Others RM0.7bil

3%

7

• Property Development – RM 6.6 bil of Mixed Development

• Property Investment:

• 12.9 mil sf of Gross Floor Area

• 7.2 mil sf of Net Lettable Area

• RM 4 bil Market Value

• 30 mil visitors p.a to Sunway Pyramid

• 1 mil visitors p.a to Sunway Lagoon

• 1,234 hotel rooms

• 15,000 student population

• 335 hospital beds

Plan Build Own

Manage

Sunway Medical Centre

Menara Sunway

Sunway Resort

Hotel & Spa Pyramid Tower Hotel

Sunway Pyramid Shopping Mall

Monash University

Sunway University

Sunway Lagoon Sunway South Quay

RM 10.6 bil Integrated Resort (IR) City

Commercial

Education

Retail Mall

Residential

Hospitality

Theme Park

Healthcare

Integrated Property

Proven Integrated Township Developer

8

Sunway South Quay GDV: RM 5.2 bil

Sunway VeloCity GDV: RM 3.6 bil

Sunway City Ipoh GDV: RM 1 bil

GDV

Bayrocks RM 434m

A’Marine RM 240m

LaCosta RM 403m

GDV

V- Retail RM 52m

V- Office RM 121m

V- Residence RM 245m

GDV

MontBleu RM 45m

Sunway Damansara GDV: RM 3.5 bil

GDV

Nexis Retail RM 301m

Nexis Office RM 107m

Nexis SOHO RM 119m

Integrated Property

Replicating Our Integrated Developments

9

Integrated Property and Construction

Riding on New MRT Network

• GDV: RM 500 million

Area: 3 acres

• Future Launches

GDV: RM 1.5 billion

Area: 15 acres

GDV: RM 3.6 billion

Area: 23 acres

Sunway Nexis @ Dataran Sunway

Sunway Velocity @Cochrane CONSTRUCTION

INTEGRATED PROPERTY

MRT Package V4 (Viaduct) (Section 17 Semantan)

• Contract Sum: RM1.17bil

• Length: 6.6km

• Period: 2012 - 2016

10

Equity:

RM360 million

Borrowing: RM385 million

Purchase Consid’n:

RM745 million

Additional Equity: RM198 million

Borrowing: RM215 million

Total Working Capital: RM413 million

• Initial equity of SCSB is approximately RM360 million

and will increase to RM 558 million within 54 months

from the date of the LPA.

• Additional bank borrowings to be obtained by SCSB is

approximately RM600 million to finance the balance

purchase consideration, lease extension premium and

working capital.

Sunway to increase equity in JV co via injection of

fresh capital over a period of up to 54 mths from date

of LPA.

Equity Structure of JV Co

Initial Eventual

• Both land in Mukim Pulai, Johor Bahru (Within Medini Iskandar)

Land

• Total land area is 280 hectares (691 acres)

Area

• Up to RM 745.3 million

• RM 24.73 per square feet Purchase

Consideration

• 99 years lease interest granted by Iskandar Investment Berhad (IIB)

Interest Acquired

• Mixed integrated development

• Potential GDV : RM 12bn over 10 yrs

Potential Development

and GDV

Integrated Property

Replicating Sunway Integrated Development in the Southern Region

11

Sunway’s first step into Singapore began with a joint venture with the Hoi Hup Group in 2007

70% 30%

Miltonia Close Arc@Tampines Lake Vista

GDV SGD 378m

Units 410 (89% sold)

Type Low Rise (Private Devt)

Unbilled Sales

RM 202 million

GDV SGD 457m

Units 574 (85% sold)

Type High Rise (Exec Condo)

Unbilled Sales

RM 271 million

GDV SGD 372m

Units 682 (51% sold)

Type High Rise (DBSS)

Unbilled Sales

RM 122 million

GDV SGD 35m

Units 15

Type 3 storey terrace

Expected Launch

2012

Sembawang

Wholly owned by Sunway

Vacanza @ East

Pasir Ris

GDV SGD 355m

Units 415

Type Condo (Private Dept)

Expected Launch

June 2012

The Peak @ Toa Payoh

GDV SGD 680m

GDV SGD 470m

Units 473(91% sold)

Type High Rise (Private Devt)

Unbilled Sales

RM 217 Million Hoi Hup Sunway JV Pte Ltd

Integrated Property – Property Development International

Singapore – A Rising Star

12

13

Total SSTEC* Master Development

Total Gross Land Area : ≈ 30 sq km (7,500 acre)

Target Population : 350,000

Estimated no. of Homes : 110,000

To develop a city that will be a “Model for Sustainable Development”. It is a strategic collaboration of the Chinese and Singaporean Consortium.

Integrated Property – Property Development International

China – Tianjin & Jiangyin

Sunway & SSTEC JV

Land Area : Around 98 acres

Estimated GDV : RM 5.3 billion

Total No. of units : More than 5,000 units

Development Period : 5 to 7 years

*Sino-Singapore Tianjin Eco City

Tianjin Project, China

40% 60%

Jiangyin Project, China

35% 65%

Launched GDV

RM 403 million

Units 1,171

Type Condominium

Sunway’s first property development foray into China. A strategic collaboration with Guanghao Real Estate Group to develop a piece of land in Jiangyin.

Sunway Carnival Shopping Mall

Sunway Pyramid Shopping Mall

Sunway Resort Hotel & Spa

Pyramid Tower Hotel

Menara Sunway Sunway Tower

SunCity Ipoh Hypermarket

Sunway Hotel Seberang Jaya

66%

24%

10%

Retail Hospitality Office 14

Integrated Property – Sunway REIT

Manages Largest REIT in Malaysia with RM 4.3 bil Asset Value

Market Cap* RM 3.3 billion

GFA 10.6 million sf

NLA 3.7 million sf

Annualised Distribution per unit (FYE June 2012)

7.0 sen

Annualised Distribution yield (FYE June 2012)

5.6%

Gearing 35.5%

*Based on closing price of RM1.25 as at 31 December 2011

Overall Snapshot

Sunway Putra Place

• Proven turnkey contractor providing holistic services.

• Design-and-build capabilities

• Expertise in both building, civil and specialties engineering projects with good performance record

• Accorded the Export Excellence Awards (Services) from the Ministry of International Trade and Industry (MITI) in 2011

• Top 3 precast concrete producer in Singapore

Rihan Heights

Construction Business

Firm bedrock of earnings with proven capabilities

MRT (Sec 17 – Semantan)

15

Rihan Heights

Govt Bldg, Putrajaya SKVE Highway

* Comprising Sunway’s 60% effective interest in the Rihan Heights – Arzanah Development project only.

Construction Business

Construction Order Book – RM4.0 billion (Record high order book)

RM'mil RM'mil

Malaysia 3,562 External 3,200

Singapore 405 In-house 821

Abu Dhabi *54

Grand Total 4,021 4,021

Major projects include: RM'mil

External MRT Package V4 (Sec 17 to Semantan) 1,170

Kelana Jaya LRT Line Extension (Package B) 564

Pinewood Iskandar Malaysia Studios 302 Legoland 125

2,161 In-house

Sunway Pinnacle (Superstructure) 173 Sunway Velocity substructure (Phase 1, 1A, 2, Shopping Mall) 569

742

16

Tender Rolling Order Book – RM1.5 billion per month

Aim to maintain order book with replenishment of approximately RM1.5 billion every year (including internal orders)

YTD replenished RM1.6 billion (including in-house jobs)

Revising target to RM2.0 billion for 2012.

To continue to ride on Economic Transformation Programme (ETP) and 10th Malaysia Plan projects

Leverage on prequalification for MRT elevated tracks, stations & depot packages to secure further MRT contracts

Construction Business

In the pipeline

17

Property Development

Property Investment

Construction

Quarry

Building Materials

Healthcare

Trading & Manufacturing

Sunway in ASEAN

18

19

Key Takeaways

Landbank of 2,794 acres located across multiple strategic locations High Potential: KVMRT-linked developments (GDV: RM5bil) & Iskandar (GDV: RM

12bil) Strong presence in high growth Johor-Singapore region Focused regional strategy, with continued expansion of footprint in China and

Singapore

Top 5 property group in Malaysia by market capitalization Reputable developer with multiple product offerings Successful track record as an integrated township developer with 6 components

Prop-Con Advantage

Construction Integrated Property

REIT Management

Integrated Property

Developer / Contractor Operator Investor/Manager

Unbilled Sales worth RM 2.2 bil Construction order book of RM 4.0 bil Recurring income from Sunway REIT and Property Investment Division

Leading Property & Construction Group

in Malaysia

Integrated Real Estate Business

Model

Resilient Earnings Base

Positioned for Growth

Landbank

Acquisition

Design & Masterplan

Construction & Supply

Chain Mgmt

Marketing & Sales

REITs

19

Thank You Email : irsunwayberhad@sunway.com.my

Website : www.sunway.com.my

Disclaimer This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions; interest rate trends; cost of capital and capital availability including availability of financing in the amounts and the terms necessary to support future business; availability of real estate properties; competition from other companies; changes in operating expenses including employee wages, benefits and training, property expenses, government and public policy changes. You are cautioned not to place undue reliance on these forward looking statements which are based on Management’s current view of future events. Past performance is not necessarily indicative of its future performance.