suria capital holdings berhad...lahad datu port tawau port sandakan port kudat port karamunting oil...

SURIA CAPITAL

HOLDINGS BERHAD

36TH ANNUAL GENERAL

MEETING

27TH JUNE 2019, 10:00AM

WISMA SABAHPORTS, SAPANGAR

Copyright by Suria Capital Holdings BerhadAll rights reserved. The information contained herein is strictly for internal reference only. No part of this document may be reproduced or transmitted in any form or by any means, without the prior permission in writing from Suria Capital Holdings Berhad.

CONTENTS

Corporate Introduction

Financial Highlights

Port Expansion Projects

Diversification Into Property

Other Businesses of The Group

CORPORATE INTRODUCTION

Suria Capital Holdings Berhad

▪ Listed company on Bursa Malaysia since 1996▪ Bursa code: 6521 (SURIA)

▪ Share issued: 345.8 million

▪ Market capital: RM475 million

▪ Industry: Transportation and Logistics

▪ Major shareholder: State Government of Sabah (50.73% shareholding)

▪ Principle Business: Port Operations

▪ Shariah-Compliant

Suria Corporate Milestones

1983

Property

1996

Financial

2001

Investment Holding

2004

Port Operations

2013+

Diversified (Property)

• Property Development Company

• Acquisition of SBB and SDB

• Listed on Main Board, Bursa

• Disposal of SDB to State Gov.

• Disposal of SBB to Alliance Bank

• Suria under PN10 status

• Acquisition of port operations (PrivatisationExercise)

• Set-up of other subsidiaries:

➢ SP Satria➢ SPSL➢ SPSB➢ SCES

• JV with SBC for Jesselton Quay project on 21st

May 2013

• JV with AQRSfor 1 Jesselton Waterfront project on 16th

March 2015

• Proposed International Cruise Terminal

Taman Perusahaan Berat

S/B

TPB Holdings S/B

TPB Holdings Berhad

Suria Capital Holdings Berhad

1 Dec 1995

15 Dec 1995

Corporate Structure

“Port Operations”“Contract & Engineering, Ferry Terminal Operation”

“Investment Holding and Property

Development”

“Equipment Supply & Maintenance”

“Bunkering & Logistics Services”

100% 100%

100%100%

Shareholding StructureAuthorized Share Capital = RM800 millionIssued =345,820,779 Ordinary Shares at RM 1.00 each

ANALYSIS BY SIZE OF HOLDINGS (AS AT 28/03/2019)

Size of Holdings No. of Holders % No. of Shares %

1 - 99 57 0.393 2,516 0.000

100 - 1,000 5,853 40.390 3,482,439 1.007

1,001 - 10,000 7,347 50.700 20,354,083 5.885

10,001 - 100,000 1,087 7.501 28,992,683 8.383

100,001 & Above 145 1.000 103,836,054 30.025

*Directors’ Holdings 2 0.013 189,153,004 54.696

Total 14,491 100.00 345,820,779 100.00

Top 10 Shareholders of SuriaNo TOP 10 SHAREHOLDERS HOLDINGS %

1 WARISAN HARTA SABAH SDN BHD 156,993,004 45.397

2 URUSHARTA JAMAAH SDN BHD 32,160,000 9.299

3 YAYASAN SABAH 12,685,200 3.668

4CARTABAN NOMINEES (TEMPATAN) SDN BHD I CAPITAL.BIZ SDN BHD

11,093,280 3.207

5 CHIEF MINISTER, STATE OF SABAH 5,760,000 1.665

6 CITIGROUP NOMINEES (ASING) SDN BHD 5,177,094 1.497

7 HSBC NOMINEES (ASING) SDN BHD 4,107,100 1.187

8 AMANAHRAYA TRUSTEES BERHAD 3,957,240 1.144

9 CIMB GROUP NOMINEES (ASING) SDN BHD 2,976,240 0.86

10 SIAW TECK HWA 2,400,000 0.694

TOTAL 237,309,158 68.618

As at 28.03.2019

State Government of Sabah as Major Shareholder

Dividend Payout Policy

•25% of net profitYear 2006

•35% of net profitYear 2011

Dividend Payout HistoryFinancial Year Rate (sen) Tax Rate

2007 6.0 – Final 26%2007 6.0 – Special 0%2008 3.0 25%2009 5.0 Tax Exempt2010 5.0 Tax Exempt2011 6.0 Tax Exempt2012 6.15 Tax Exempt2013 7.00 Tax Exempt2014 7.00 Tax Exempt2015 7.00 Tax Exempt2016 7.00 Tax Exempt2017 6.00 Tax Exempt2018 3.50 - Interim Tax Exempt2018 2.50 - Proposed Tax Exempt

EXCLUSIVE PORT CONCESSIONAIRE IN SABAH THROUGH

PRIVATISATION EXERCISE IN 2004

Take-over of Sabah Ports on 1st Sep 2004

Sapangar Bay Container Port

Kunak Port

Sapangar Bay Oil Terminal

Kota Kinabalu Port

Tanjung Batu Oil

Jetty

Lahad Datu Port

Tawau Port

Sandakan

Port

Kudat Port

Karamunting Oil

JettyMowtas Oil

Jetty

Lahad Datu Oil Jetty

CAPEX Spent To-Date (as at May 2019)

Infrastructure Equipment Total RM RM RM

Commitment 780,200,000 582,748,000 1,362,948,000

Incurred

Sapangar Bay Container Port (327,617,531) (242,134,310) (569,751,840)

Sapangar Bay Oil Terminal (44,923,927) (6,300) (44,930,227)

Sandakan (234,703,021) (37,431,329) (272,134,350)

Lahad Datu (13,037,282) (5,148,113) (18,185,395)

Kunak (57,397,475) (96,726) (57,494,201)

Tawau (77,330) (26,595,421) (26,672,751)

Kota Kinabalu - (26,064,713) (26,064,713)

Port Management System - (20,531,920) (20,531,920)

Total (677,756,566) (358,008,830) (1,035,765,396)

BALANCE 102,443,434 224,739,170 327,182,604

FINANCIAL HIGHLIGHTS

Group’s Performance (Income Statement)Year 2018 vs Year 2017

Audited Audited

31.12.2018 31.12.2017

RM'000 RM'000 RM'000 %

Revenue 400,666 332,658 68,008 20

Cost of sales (304,972) (238,457) 66,515 28

Gross profit 95,694 94,201 1,493 2

Gross profit margin 24% 28%

Other items of income

Interest income 1,863 1,888 (25) (1)

Other income 27,591 31,108 (3,517) (11)

Other items of expense

Administrative expenses (27,152) (27,164) (12) (0)

Finance costs (2,965) (4,075) (1,110) (27)

Other expenses (19,926) (28,243) (8,317) (29)

Profit before tax 75,105 67,715 7,390 11

Income tax expense (22,162) (18,796) 3,366 18

Profit net of tax 52,943 48,919 4,024 8

Profit margin 13% 15%

Profit net of tax attributable to:

Owners of the Company 52,957 48,919

Non-controlling interests (14) -

52,943 48,919

Basic earnings per share (sen) 15.31 14.15

PBT Margin 19% 20%

Inc/(Dec)

• In 2018, port operations registered construction services revenue of RM136.8 million accounted for in accordance with IC Interpretation 12: Service Concession Arrangements, whereby the subsidiary as a concession holder is obliged to construct and upgrade port’s infrastructure and facilities during the concession period.

• The construction services revenue equals the fair value of port-related infrastructure and facilities under construction based on the stage of completion or purchased during the year.

• The fair value is calculated as the estimated total construction cost or purchase consideration with no profit margin as all the construction works or purchases are subcontracted out.

• The capital expenditure spent for ports infrastructure and facilities is registered as revenue and the same amount is charged as cost of sales. Hence, there is zero impact to the absolute amount of the gross profit but the gross profit margin is distorted as a result.

Revenue from Construction Servicesfor Concession Infrastructure

Group’s Performance (Income Statement)Without Construction Services Revenue & Cost of construction

CostAudited Audited31.12.2018 31.12.2017

RM'000 RM'000 RM'000 %

Revenue 263,843 232,447 31,396 14

Cost of sales (168,149) (138,246) 29,903 22

Gross profit 95,694 94,201 1,493 2

Gross profit margin 36% 41%

Other items of income

Interest income 1,863 1,888 (25) (1)

Other income 27,591 31,108 (3,517) (11)

Other items of expense

Administrative expenses (27,152) (27,164) (12) (0)

Finance costs (2,965) (4,075) (1,110) (27)

Other expenses (19,926) (28,243) (8,317) (29)

Profit before tax 75,105 67,715 7,390 11

Income tax expense (22,162) (18,796) 3,366 18

Profit net of tax 52,943 48,919 4,024 8

Profit margin 20% 21%

Profit net of tax attributable to:

Owners of the Company 52,957 48,919

Non-controlling interests (14) -

52,943 48,919

Basic earnings per share (sen) 15.31 14.15

PBT Margin 28% 29%

Inc/(Dec)

SummaryYTD YTD

31.12.2018 31.12.2017

RM'000 RM'000

Revenue 400,666 332,658

Profit for the year 52,943 48,919

Add back:

Interest 2,965 4,075

Taxation 22,162 18,796

Depreciation 2,357 2,606

Amortisation 46,624 38,646

74,108 64,123

EBITDA 127,051 113,042

Past 5-Year Financial HighlightsYear ended 31 December 2018 2017 2016 2015 2014

Results (RM'000)Revenue 400,666 332,658 258,512 496,652 273,138Gross profit 95,694 94,201 99,798 194,039 107,847Profit before tax 75,105 67,715 83,533 148,248 72,810Profit net of tax 52,943 48,919 66,663 125,717 52,119

Selected Balance Sheet Items (RM'000)

Cash and bank balances 56,322 71,395 60,958 114,313 122,465Property, plant and equipment 60,668 60,680 62,229 63,412 64,008Concession assets 860,128 780,381 728,614 734,853 773,811Total assets 1,417,119 1,346,204 1,348,761 1,332,319 1,248,687Shareholders' equity 1,078,467 1,052,896 1,015,504 971,003 850,297

Financial RatiosCurrent ratio (x) 1.2 2.2 2.9 3.9 3.2Long term debt to equity (%) 16.2 19.8 23.9 28.0 36.3Pre-tax return on average equity (%) 7.0 6.5 8.4 16.3 8.7Return on average equity (%) 5.0 4.7 6.7 13.8 6.2

Share InformationEarnings per share (sen) 15.3 14.1 23.1 44.6 18.4Net dividend per share (sen) 6.0 6.0 7.0 7.0 7.0Net assets per share (sen) 311.9 304.5 352.4 336.9 300.1Market price per share (sen) 165.0 185.0 199.0 234.0 236.0

Past 5-Year Financial Highlights

2014 2015 2016 2017 2018

Revenue 273 497 259 333 401

-

100

200

300

400

500

600

RM million

Revenue - 5-Year Trend

2014 2015 2016 2017 2018

Revenue 273 267 259 333 401

-

50

100

150

200

250

300

350

400

450

RM million

Revenue - 5-Year Trend Without Revenue From Disposal of Land for Property Development

Group’s Performance 5-Year Financial Highlights

SEGMENTAL PERFORMANCE

The Group’s Segmental RevenueYear 2018 vs Year 2017

12 months 12 months

31.12.2018 31.12.2017

RM'000 RM'000 RM'000 %

Port operations 238,914 223,449 15,465 7

Construction services 136,823 100,211 36,612 100

Logistics & Bunkering 1,872 3,693 (1,821) (49)

Contract and engineering &

ferry terminal operations 23,057 5,305 17,752 335

400,666 332,658 68,008 20

Inc/(Dec)

The Group’s Segmental Revenue Year 2018 vs Year 2017

2018 2017

Contract & Engineering and Ferry Terminal Operations,

22,935,9%

Port Operations,

238,914,90%

Logistic & Bunkering,

1,872,1%

Port Operations,

223,449,96%

Contract & Engineering and Ferry Terminal Operations,

5,305,2%

Logistic & Bunkering,

3,693,2%

RM ‘000 RM ‘000

Port Operations (Cargo Throughput)Year 2018 vs Year 2017

YTD YTD VARIANCE

2018 2017 Current vs Prior

Tonnage (MT'000)

- At Wharf (Excl Container) 10,543 10,589 (46) 0%

- At Anchor 20,334 19,681 653 3%

30,877 30,270 607 2%

Total TEUs 386,786 353,155 33,631 9.5%

INWARD (IMPORT)Major Commodities Handled at

Wharf/Anchor in 2018 (MT)

Fertilizer1,186,998

9%

Bulk Oil2,063,477

16%

Palm Oil775,758

6%Vehicle

1,200,3769% Cement

861,1667%Rice

394,7993%

Timber Logs 387,748

3%

Machinery/Parts 469,236

4%

Other Foodstuff 553,940

4%

General Cargo 4,998,300

39%

Fertilizer

Bulk Oil

Palm Oil

Vechicle

Cement

Rice

Timber Logs

Machinery/Parts

Other Foodstuff

General Cargo

OUTWARD (EXPORT)Major Commodities Handled at

Wharf/Anchor in 2018 (MT)

Stones1,852,870

8%

Palm Oil 6,093,038

26%

Liquid Chemicals 14,583

0%Rubber 37,667

0%Wood Product

1,460,1386%

PKE 552,527

2%

Crude Oil 10,482,746

45%

General Cargo 3,069,733

13%

Stones

Palm Oil

Liquid Chemicals

Rubber

Wood Product

PKE

Crude Oil

General Cargo

-

1,000

2,000

3,000

4,000

5,000

6,000

Bulk Oil/OtherLiquid

Palm Oil Fertilizers PKE General Cargo

MT(

‘00

0)

2018 2017

Throughput at Wharf(By Major Commodity)

Throughput at Anchor(By Major Commodity)

-

2,000

4,000

6,000

8,000

10,000

12,000

Bulk Oil Palm Oil Fertilizer PKE Woodproducts

GeneralCargo

MT(

‘00

0)

2018 2017

Containers Handled (TEUs)

0

50

100

150

200

250

300

Sandakan Tawau Lahad Datu SBCP

TEU

s (‘

000

)

2018 2017

Revenue Composition by CommodityYear 2018 vs Year 2017

Bulk Oil Palm OilWood

ProductsFertilizer PKE

GeneralCargo

Containers RORO Passenger

Current YTD 35,030 43,369 2,723 6,998 4,859 30,296 98,775 4,257 462

Prior YTD 32,632 44,548 3,879 8,957 4,217 27,365 89,148 4,245 367

0

20,000

40,000

60,000

80,000

100,000

120,000

RM

(‘0

00

)

Cargo Throughput (Million Tonnes & TEUs)Year * Wharf (MT) ** Anchor (MT) Total (MT) Containers (TEUs)

2001 9.1 8.8 17.9 152,725

2002 9.9 9.2 19.1 171,154

2003 11.0 11.1 22.1 194,976

2004 12.2 11.6 23.8 208,098

2005 13.4 12.8 26.2 208,490

2006 14.0 14.1 28.1 226,721

2007 15.7 13.5 29.2 271,471

2008 15.5 13.0 28.5 292,688

2009 14.6 10.2 24.8 277,905

2010 17.7 10.7 28.4 326,825

2011 18.2 10.7 28.7 356,193

2012 17.7 10.0 27.7 374,624

2013 17.5 9.9 27.4 373,042

2014 18.5 9.9 28.4 398,800

2015 16.8 10.9 27.8 363,185

2016 15.7 17.8 33.5 357,386

2017 15.8 19.7 35.5 353,155

2018 16.1 20.3 36.4 386,786

2019 (up to May) 6.9 8.0 14.9 158,108

* Wharf: cargo handled at wharves using port facilities ** Anchor: cargo handled at private jetties / mid-stream

Historical Trend from 1985 – 2018Total Cargo Throughput –

Wharf + Anchor (‘000 Tonnes)

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

19

86

19

87

19

88

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08

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09

20

10

20

11

20

12

20

13

20

14

20

15

20

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20

18

% of yearly increase/decrease 1985 - 2018

-50

-40

-30

-20

-10

0

10

20

30

19

86

19

87

19

88

19

89

19

90

19

91

19

92

19

93

19

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19

95

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19

99

20

00

20

01

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20

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18

PORT EXPANSION PROJECTS

Major Projects

Sapangar Bay Container Terminal

Expansion (2019 – 2026)

Sapangar Bay Conventional Cargo

Terminal (36 months)

Sapangar Bay Oil Terminal Jetty

Extension (24 months)

Sandakan Port Wharf Extension

(Completed) – RM129.4 mil

DEVELOPMENT OF SAPANGAR BAY

INTEGRATED PORT (SBIP)

Expansion Plans for SBIP

• Sapangar Bay Container

Terminal (Transhipment hub

development)

• Sapangar Bay Conventional

Cargo Terminal (for relocation

of general cargo operation

from KK Port)

• Sapangar Bay Oil Terminal

(additional jetty to be built)

Master Layout PlanOverall Development Principle

• SBCCT Phase 1B and SBCP Phase 1 to be developed in the Northeast Corner by 2026.

• The Southwest Wing area for development of Phase 2 of SBCP by 2033.

Key business study findings by BMT

SAPANGAR BAY INTEGRATED TERMINAL1. SAPANGAR BAY CONTAINER PORT

2. SAPANGAR BAY CONVENTIONAL CARGO TERMINAL

3. SAPANGAR BAY OIL TERMINAL

Sapangar Bay Container Port(A Dedicated Container Terminal)

500 meters quay length

15 hectares stacking area (3,000 ground slots, 200 units reefer points)

Max 45,000 dwt

12 meters draft

MAXIMUM THROUGHPUT

500,000 TEUS

NO OF BERTH 2 Outer, 2 Inner

VOLUME 2018 264,983 TEUs

Manpower 255

CFS (4,536 m2)

WismaSabahPorts

Sapangar Bay Container Port as a Transhipment Hub of the East

Main East-West Route and Several Transhipment Hubs

Sapangar Bay

Container Port

Hong

Kong

主要東西方路和幾個轉運樞紐

The strategic

location of

SBCP with

minimum

diversion

from the

main route

West East

Sabah Lies at the Centre of the Asean Countries

Far East

Cambodia, China (specifically Yunnan

Province and Guangxi Zhuang Autonomous

Region), Laos, Myanmar, Thailand,

and Vietnam.

Indonesia Malaysia Thailand – Growth Triangle

Brunei, Indonesia, Malaysia, Philippines – East Asia Growth Area

https://en.wikipedia.org/wiki/Cambodiahttps://en.wikipedia.org/wiki/Chinahttps://en.wikipedia.org/wiki/Yunnanhttps://en.wikipedia.org/wiki/Guangxihttps://en.wikipedia.org/wiki/Laoshttps://en.wikipedia.org/wiki/Burmahttps://en.wikipedia.org/wiki/Thailandhttps://en.wikipedia.org/wiki/Vietnam

Game Changer –Direct International Connectivity

The Proposed Development of Sapangar Bay Container Port

2019 2022

SAPANGAR BAY CONTAINER PORT SAPANGAR BAY CONTAINER PORT

4 units Quay Crane

12 meters draft

500 meters Quay

Length

500,000 TEUs

capacity

12 units Quay Crane

15 meters draft

1,000 meters Quay

Length

1,250,000 TEUs

capacity

SBCP Expansion – Proposed Layout

5 BERTHS15 METERS DRAFT60K DWT DISPLACEMENT1.25 MILLION TEUS THROUGHPUT

FUTURE DEVELOPMENT

SBCP Expansion –Proposed Layout Initial Phase

5 BERTHS

15 METERS DRAFT

60K DWT DISPLACEMENT

1.25 MILLION TEUS THROUGHPUT

1 2 3

4 5

21 ha

13 ha

SAPANGAR BAY INTEGRATED TERMINAL

1. SAPANGAR BAY CONTAINER PORT



SBCP Expansion – Layout Plan

VESSEL/CARGO THROUGHPUT

YEAR VESSEL CARGO (WHARF)

2016 1,109 1,243,654

2017 929 1,195,277

2018 960 1,164,005

The Proposed Relocation

Kota Kinabalu Port General Cargo Operation

Sapangar Bay Conventional Cargo Terminal

20 km away


FUTURE DEVELOPMENT

3 years to complete

SBCCT

o Total berth length 700 m

o Total land size 26 acre

o Dredge depth – 12m CD

o Berth Alignment -Straight

Proposed Development of SBCCT

SBCCT

o1.95 million ton of general cargo & bulk by 2020

o2.83 million ton of general cargo & bulk by 2026

o300,000 units of RoRo by 2020

oTotal berth length 1.116 km

oTotal land size 54 acres


SBCCT

o Total berth length 700 m

o Total land size 26 acres

o Dredge depth – 12m CD

o Berth Alignment -Straight FUTURE DEVELOPMENT

SAPANGAR BAY INTEGRATED TERMINAL

1. SAPANGAR BAY CONTAINER PORT



VESSEL/CARGO THROUGHPUT

YEAR VESSEL CARGO-LIQUID BULK (WHARF)

2016 274 1,121,170

2017 267 1,118,513

2018 334 1,154,417

Sapangar Bay Oil Terminal Pipelines

Commenced Operations in 1985

5 New Marine Loading Arms10 Product Pipelines2 Berths

Consignees – Petronas, Shell, Petron and SCI

Sapangar Bay Oil Terminal - Liquid Bulk Terminal

SCITunnel

SBOT Handles (Inward) RON95, RON97, Diesel, LPG, Jet A1, MFO, Bitumen, Methanol

SBOD

FUTURE DEVELOPMENT

Facilities No.Berth Length

(M)

Depth

(M)

Max Vessel

Size (DWT

Jetty Structure

Existing

Main berth 1 82.32 12 30,000

Inner berth 1 45.73 12 1,000

Future

Main berth 1 30 12 60,000

Inner Berth 1 30 12 5,000

Sapangar Bay Oil Terminal Jetty Extension (Twin Berth)

Existing

New

Facilities No.Berth Length

(M)

Depth

(M)

Max

Vessel

Size (DWT

Jetty Structure

Existing

Main berth 1 82.32 12 30,000

Inner berth 1 45.73 12 1,000

Future

Main berth 1 30 12 60,000

Inner Berth 1 30 12 5,000

Sapangar Bay Oil Terminal Jetty Extension

Jetty Extension at Sapangar Bay Oil Terminal

Project to build twin berth oil jetty of 60,000 DWT capacity

Outer berth 275m; inner berth 147m

Dredging up to 13 meters

Estimated construction cost of RM95 million

Expected to start construction works in 3rd quarter of 2019

Expected completion date in 2021 (24 months)

SANDAKAN PORT WHARF EXTENSION

4 BerthsMaximum draft - 11 metersMaximum displacement - 20 dwtManpower – 173

Handles Container, General Cargo, Dry bulk, Bulk oil, Palm oil, Passengers

Transhipment cargo – Rice and Sugar

Sandakan Port

Project to extend 280m x 65m of wharf

To ease congestion and to have a dedicated container berth

Dredging up to 11 meters

Expansion cost = RM129.4 million

Construction commenced on 6 September 2016

Construction completed in January 2019

Sandakan Port Wharf Extension

Official Launching by CM of Sabah on 21st February 2019

The Newly Extended Sandakan Port

To become a passenger terminal (RO-RO landing ramp completed for Ferry service to Palawan, Philippines)

Kudat Port Development

Achieving “GREEN PORT” Status

Replacement of highmastlighting with

energy-saving LEDs

Electrification of cargo handling

equipment (RTGs)

Renewable energy

generation (solar)

Scheduled waste disposal (oils, garbage, ballast water)

Port reception facilities

(vessels to plug on port

electricity when

berthed)

DIVERSIFICATION• Jesselton Quay

• One Jesselton Waterfront

• International Cruise Terminal

Approximately 23.25 acres of land within Kota Kinabalu Port alienated to Suria - edged in red as Exhibit (A)

Titled Land Leased Land

Exhibit A

Sabah International

Convention Centre

Kota Kinabalu Convention

City

Commercial Land = Previous container space and yard which was left vacant after operation was moved to the newly built RM400 million container port facility at Sapangar Bay in 2007.

Port Name Kota Kinabalu PortPort Location Kota Kinabalu, Sabah, MalaysiaGPS Coordinates 5.992729, 116.079846

Kota Kinabalu Port

Development of Jesselton Waterfront City

International Cruise & Ferry Terminal (28.9 acres) Jesselton Quay

(16.25 acres)

One Jesselton Waterfront (7 acres)

Kota Kinabalu Convention City (8.33 acres)

Sabah International Convention Centre (15 acres)

75

Development land size: 16.25 acresMinimum NSV: RM1.8 billionDevelopment period: 8-10 yearsConstruction commencement: December 2016

Towards a better CBD

The Shanghai experience of a Japanese Architect gave riseto a unique composition of modern towers juxtaposedagainst classic Borneo retail street fronts.

JQ Central (4-acres)

25-storey Commercial Suites

City Pads

Tropical-themed BeachClub

256-Room Hotel37 Retail Shoppes

Preview of JQ Central CityPads26th October 2016

Source: Daily Express 5th Nov 2016Sale of two towers of CityPads (as at June 2019): 94%

Progress Update of JQC (as at 31st May 2019)

ONE JESSELTONWATERFRONT

Development land size: 7 acresMinimum NSV: RM1.1 billionDevelopment period: 3-6 yearsConstruction commencement: 2020

Development of the Remaining 7 acres of Commercial Land at KK Port

7 acres

• Listed construction and property development company in Malaysia

• Presence in Sabah through SEDCO Precast Sdn. Bhd. which operates a precast and IBS product manufacturing facility in Tuaran

ONE JESSELTON WATERFRONTKOTA KINABALU, SABAH


DESIGN ARCHITECT ARCHITECT

Expected Completion Period

• Suria Corporate Office

• Retail MallCompletion

within 3 years

• Service Suites

• Services ApartmentsCompletion

within 6 years

• Residential Units

• Retails Units/Shopping Mall

• Office Towers

• Car Park

Completion within 5 years

Status Update• Sub-divided title obtained on 25th April 2016

• JVA is still conditional, pending approval of development plans and building plans

• Preliminary development plan was submitted on 14th

December 2018

• Commencement of construction works expected in 1st

quarter of 2020

INTERNATIONAL CRUISE TERMINAL

Cruise Industry In line with Government’s initiatives on cruise tourism to create a Straits Riviera Cruise Playground that would comprise 6 world-class terminals

KK Port identified as a dedicated international cruise terminal and homeport, alongside Penang and Port Klang

Discussion as a member of the Malaysian Cruise Council is ongoing

To support tourism industry in Sabah

a) We accommodate existing cruise vessels from all over the world as port of call

b) To ensure safety, priority berthing is arranged for all cruise vessels

Cruise Ships Calls at KK Port

Data up until 31st March 2019

No. Name of Cruise ShipLength Over All (LOA)

GRT (Gross Registered Tonnage)

No. Name of Cruise ShipLength Over All (LOA)

GRT (Gross Registered Tonnage)

1AEGEAN ODYSSEY - - 21MC COLUMBUS 144.1 15,0672AMADEA 192.8 29,008 22MINERVA 135.1 12,4493ARCADIA 285.1 83,781 23NAUTICA 180.5 30,2774ARTEMIS 230.6 44,588 24OCEANIC 238.4 38,7725ATHENA 160.1 16,144 25OCEAN DREAM - -6BALMORAL 218.5 19,985 26ORION II 88.1 4,0777BLACK WATCH 205.5 28,668 27PACIFIC PRINCESS 180.5 30,2278CLIPPER ODYSSEY 103.0 5,218 28PACIFIC SUN 223.4 47,5469COSTA ALLEGRA 188.0 28,597 29PACIFIC VENUS 183.4 26,594

10COSTA CLASSICA 220.6 52,926 30QUEEN ELIZABETH 293.8 90,90111COSTA ROMANTICA 220.6 53,049 31QUEEN VICTORIA 294.0 89,50012C COLUMBUS 144.1 15,067 32SAPPHIRE PRINCESS 290.0 116,00013DAWN PRINCESS 261.3 77,441 33SEABOURN ODYSSEY 198.2 32,34614DELPHIN VOYAGER 174.0 23,287 34SEABOURN SPIRIT 134.0 9,97515DIAMOND PRINCESS 288.3 115,875 35SEA PRINCESS 261.3 77,49916DISCOVERY 168.7 20,216 36SILVER WHISPER 186.0 28,25817EUROPA 198.6 28,890 37SPIRIT OF ADVENTURE 139.9 9,57018GENTING DREAM 335.3 150,695 38SUN PRINCESS 261.3 77,44119HANSEATIC 122.8 8,378 39SUPER STAR GEMINI 164.0 19,09320LEGEND OF THE SEAS - - 40VOLENDAM 237.9 61,214

Queen Elizabeth

Queen Elizabeth: second largest ship constructed by Lunard Line; entered into service in 2010 and has a capacity of ~ 2,092 passengers

Sapphire Princess: one of the world’s largest cruise ships owned by Princess Cruises; entered into service in 2004 and has a capacity of ~ 2,670 passengers

Dawn Princess: A sister cruise to Sun Princess and Sea Princess; operated by Princess Cruises; entered into service in 1997 and has a capacity of ~ 1,990 passengers

SuperStar Aquarius: One of the ships operated by Star Cruises; entered into service in 1993 and has a capacity of ~ 1,500 passengers

Sapphire PrincessDawn Princess

Queen Victoria

Queen Victoria: Running mate to Queen Mary 2 and Queen Elizabeth; operated by Cunard Line; entered into service in 2007 and has a capacity of ~ 2,014 passengers

Genting Dream Cruise at KK Port

On 11th June 2019, Genting Dream made a maiden call at KK Port. The Genting Dream cruise vessel has a length of 335.3 metres and a width of 39.7 metres with a capacity of 3,500 passengers and 1,700 crew.

27 21 2616 17

48

117

73

19 2025

15

0

20

40

60

80

100

120

140

Cruise Vessel Arrivals Star Cruises

Cruise Vessel Arrivals at KK Port

Star Cruises

35,04635,189

50,658

22,55624,312

77,295

148,848

90,148

40,929

55,12555,775

27,306

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019(Jan -May)

Cruise Passengers Handled

Cruise Passengers Handled at KK Port

Proposed Development Model for International Cruise Terminal

• Model to consist of two development segments:

1. International Cruise Terminal (ICT)

Positioning of KK Port as a home port and regular port of call for regional and international cruise liners

Existing berth to be extended with deeper draught to accommodate larger cruise ships

2. Cruise-Related Realty

Creation of a tourist hub as an integral part of the ICT; Attractions for both locals and foreigners

Development to comprise retail and commercial outlets supplementing the ICT

Proposed Development Model

▪ Development model:

– Low-density – to preserve the water features and minimize environmental impact as large area of 28.9 acres consists of water body

– Low-rise – to not obstruct the views of surrounding developments

Status Update

• Suria accepted Offer Letter to acquire 28.9 acres of KK Port land from the Sabah State Government on 21 March 2018

• Corporate exercise to be undertaken to raise fund for the proposed acquisition

• Construction of international cruise terminal can only commence after relocation of the existing general cargo operation at KK Port to Sapangar

Development of Jesselton Waterfront City

International Cruise & Ferry Terminal (28.9 acres) Jesselton Quay

(16.25 acres)

One Jesselton Waterfront (7 acres)

Kota Kinabalu Convention City (8.33 acres)

Sabah International Convention Centre (15 acres)

• An international cruise terminal integrated with commercial development - A destination by itself

• City focus development to be attractive, accessible, vibrant and financially viable

• Promotion of tourism via development of attractions for both local and international tourists/patrons seeking leisure, recreational and cultural experiences

• Enhancement of the State’s economic development

– Creation of employment

– Increased spending and expenditure

– Promotion of cruise-flight option

JWC - A New Regional City Focus

MMaster Plan OverviewCreation of a New Regional City Focus

Inclusion of JWC in KK City Master Plan

• JWC is deemed a game changer that will transform the waterfront of KK

• Importance of JWC to the State’s economy and tourism industry development is being recognised by the State Government of Sabah and its agencies (UPEN, DBKK)

• JWC is being included in:

– KK City Competitiveness Master Plan

– KK Green City Action Plan

Other Businesses of the Group• Large-Scale Solar (“LSS”) Project

– Received conditional letter of award to develop LSS PV Plant of 2 MWa.c. at Papar, Sabah

– In progress of finalising project documents for submission to Energy Commission

• Railway Project– Awarded the RM50 million upgrading works for the gorge line from

Halogilat Station to Tenom Station in Sabah

– Expected completion by end of 2019

• Pan Borneo Highway Project– Suria will explore business opportunities relating to Pan Borneo Highway

Project (e.g. material supply)

suria capital holdings berhad...lahad datu port tawau port sandakan port kudat port karamunting oil...

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