Sep 4, 2012 ... BMW dealers. Malaysia's largest ..... BMW 6 Series Gran Coupe (F06) ..... 2. On-
going Projects. Ariza. Terrace. St Mary. Residences. Quayside.
Non-Deal Roadshow London, September 2012
CONTENTS Introduction • Shareholding Structure & Foreign Shareholding • Core Businesses • Overview of FY2011/2012 Financial Performance • Overview of Divisional Performance Strategy Blueprint & FY2012 Results • Group & Divisional Vision • 5-Year Strategic Thrusts – New Phase of Growth • Plantation • Property • Industrial • Motors • Energy & Utilities • Healthcare Appendices
Shareholding Structure & Foreign Shareholding
3
(as at July 2012)
Shareholding Structure
Monthly Foreign Shareholding (Post Merger) 25%
Permodalan Nasional Bhd 52.0%
Highest in March 2008 : 21.25%
20% Employees Provident Fund 12.2%
15%
Others 35.8% (Foreign Shareholders 21.15%)
Lowest in Feb 2009 : 12.29%
10% 5% 0%
FY2011/2012 Financials & Key Ratios Turnover : RM47,602m
Net Profit : RM4,150m
Shareholders’ Fund : RM26 bil
Debt-to-Equity : 36.5%
Total Assets : RM42 bil
Market Capitalisation RM59 bil (USD19.7 bil)* As at 303h Aug 2012
*As at 30th August 2012, share price : RM9.82 (USD1 = RM3.002)
July 2012 : 21.15%
Sime Darby Group: Core Businesses
4
Industrial-Based
World’s largest listed oil palm plantation company in terms of planted area
World’s 5th largest CAT dealer
Consumer-Based
Third most efficient port (Weifang Port) in Shandong province
Malaysia’s largest Community Developer
One of China’s largest independent BMW dealers
One of Malaysia’s leading private healthcare provider
FY2011/2012 Financials (RM mil) Rev: 14,126
Rev: 13,169
Rev: 1,179*
Rev: 2,043
Rev: 16,597
Rev: 348
PBIT: 3,203
PBIT: 1,351
PBIT: 335*
PBIT: 467
PBIT: 702
PBIT: 26
Inv Cap: 16,597
Inv Cap: 6,900
Inv Cap: 1,300*
Inv Cap: 5,802
Inv Cap: 3,740
Inv Cap: 429
ROIC: 19%
ROIC: 20%
ROIC: 26% *
ROIC: 8%
ROIC: 19%
ROIC: 6%
6-year Average ROIC (FY07 – FY12)
21%
21%
18%**
9%
*Excludes discontinued operations **Excludes FY10 PBIT & ROIC. Including FY10, E&U 5-year average ROIC is -2%.
12%
8%
Group Financial Highlights
5
Net Profit rose by 13% RM m
Year ended 30th June
2012
2011
47,602
41,859
Profit Before Interest & Tax
5,928
5,602
Finance Income & Expense (Net)
(207)
(153)
Profit Before Tax
5,721
5,449
(1,308)
(1,603)
4,413
3,847
(66)
1
Non-Controlling Interests
(196)
(183)
Net Profit Attributable to Shareholders
4,150 69.1
Revenue
Taxation Profit After Tax (Loss)/Profit from Discontinued Operations *
Basic EPS (sen)
Change +
14%
+
6%
+
5%
+
15%
3,665
+
13%
61.0
+
13%
* Excludes discontinued operations (cut-off date of discontinued operations on 31st March 2012 following the completion of the disposal of the fabrication yards)
Overview of Divisional Performance
6
Twelve months ended 30 June 2012
Profit Drivers FY2012
Segment Results
Division
Segment Results* (RM m)
Plantation
3,203
Industrial
1,351
% (YoY)
-3%
27%
Motors
702
Property
467
2%
E&U**
335
36%
26
0.4%
Healthcare Others
69
* Excludes corporate expenses ** Excludes discontinued operations
11%
64%
Plantation Division Average realised CPO price at RM2,925/MT (RM2,906 in FY2011) Group FFB production decreased by 3% Higher OER at 21.8% (21.4% in FY2011)
Industrial Division Stronger demand in mining, logging & construction sectors in Australasia and Malaysia Higher delivery of power systems to the oil & gas and marine sectors in Singapore The newly acquired Bucyrus business contributed a profit of RM58 million in its first six months of operations Motors Division Strong contribution in most regions particularly Malaysia, Singapore and New Zealand Property Division Improved performance due to higher contribution from residential properties E&U Division Recognition of deferred revenue for PD power plant and higher contribution from port operations in China due to higher cargo throughput Others Higher contribution from Tesco and the insurance brokerage business
Strategy Blueprint : Divisional Vision
7
To be a leading multinational corporation delivering sustainable value to all stakeholders
To be a
leading integrated global plantation company
To be a high
performance distributor of Caterpillar products and allied solutions
To be a
leading automotive player in the Asia Pacific region
To be a leader in building
sustainable communities
To be a
significant Power player in the Asia Pacific Region To be a
leading player in port and water management in Shandong Province
To become the gold
standard healthcare provider in
the Asia Pacific region
Strategy Blueprint : The Way Forward – 5-Year Strategic Thrusts 1
REALISE FULL POTENTIAL OF THE CORE BUSINESSES Achieving operational excellence and capitalise on synergies
Strengthen relationships with strategic and business partners 2
STRIVE FOR LEADERSHIP POSITION Secure and strengthen leadership positions Leverage on strengths and competitive advantage - technology, partnerships and integration 3
PURSUE STRATEGIC PORTFOLIO GROWTH Expand into related businesses Enter new growth markets
4
INSTITUTE PERFORMANCE AND VALUE-DRIVEN CULTURE Subscribe to good corporate governance and high ethical values Strengthen performance and rewards practice Leverage on talent and capabilities
8
Plantation : Vision and Strategic Thrusts Plantation Upstream : Best-in-class global producer of green palm oil
1
9
Realise Full Potential Of The Core Businesses
Key focus areas:
Plantation Downstream : Competitively active global downstream business
Cost FFB Yield OER
Landbank expansion 2
Strive For Leadership Position
Leading
West Africa
Global producer of green palm oil products 3
Pursue Strategic Portfolio Growth
Upstream Rubber Land bank expansion
Plantation Division
10
Slight decline in profits due to lower FFB production External Revenue
RM m
RM m
Plantation Division’s PBIT decreased marginally by 3% YoY in spite of :
Segment PBIT
3,900
8,000
• Higher average CPO price realised of RM2,925/MT (FY2012) versus RM2,906/MT (FY2011)
7,400 7,000
6,726
6,670
3,266
3,355
• Higher OER at 21.8% in FY2012 as compared to 21.3% in FY2011
6,498 2,900
6,000
However, the Group FFB production declined by 3% attributable to : • Lower FFB production in Malaysia and Indonesia of 1.6% and 6.6%, respectively, due to weather conditions and tree stress
5,000 1,900 4,000
Loss in Midstream & Downstream due to : 3,000
• Lower utilisation rate
900
• Narrower price spread 2,000
• Impact of Indonesia’s export -62
1,000 Upstream & Others
Midstream & Downstream
-100
Upstream & Others
-75
Midstream & Downstream
Change
+56
+902
Change
-89
+13
% Change
+1%
+14
% Change
-3%
+17%
tax structure • Lower demand in Europe
Current Yr Previous Yr
Plantation Division
11
Sime Darby’s Malaysian yields decline in FY2012 was in-line with industry trends but marginal compared to the other players
The plantation industry in Malaysia was affected by tree stress and the laggard effect of El Nino FFB Yields (MT/ha) 30
~44% of Company A’ s total plantation ha in Malaysia
FY2012 FY2011
25 20.6
21.5
22.5
22.6
22.0
24.6
~80% of Company B’ s total plantation ha in Perak
25.9
22.8
22.5
24.2
25.7
~60% of Company C’ s total plantation ha in Sabah
26.2
22.9
23.7
20
15
10
5
0 Sime Darby Group
SD Malaysia still performed better than its peers
SD Malaysia
Company A
MALAYSIA
SD Malaysia : -0.4% YoY Company A : -2.2% YoY
SD Malaysia Perak
Company B
PERAK
SD Malaysia -5.0% YoY (Perak) : Company B : -5.8% YoY
SD Malaysia Sabah
Company C
SABAH
SD Malaysia (Sabah) : Company C :
-1.9% YoY -3.4% YoY
Plantation Division
12
Recovery in Sime Darby Indonesia’s Kalimantan yields
Monthly FFB Yields (MT/ha) – SD Indonesia 2.0 1.8 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 -
0% -5% -10% -15% -20% -25% December January
February FY12
March FY11
April
May
June
YoY Growth (RHS)
FFB Yields by Region (MT/ha) – SD Indonesia 2.0 1.5
• The YoY gap in yields have been narrowing since Mar ‘12
Kalimantan yields recover
1.0
Sime Darby Indonesia (Kalimantan) Sime Darby Indonesia Sime Darby Indonesia (Sumatera)
• Recovery from adverse weather conditions • Counter measures carried out to improve FFB yields in Kalimantan have shown positive results
Plantation Division
Riding on resilient CPO prices RM/MT 3,600
Sime Darby’s Realised CPO Prices
3,400 3,200
Malaysia
3,000
Indonesia
2,800
Group
2,600 2,400 2,200 2,000
The CPO prices have been ranging between RM2,400 and RM3,400 in the last two financial years, hence maintaining reasonable margins
13
Plantation Division
14
FFB Yield & Production Targets MT/ha FFB Yield 26.5
26
25.5
22.5
24
24.0
20.7
22 20
18.6
16
9.8 10.1 9.8
10 6.6
6.4
7.4 6.3 3.3
4
12.7
12
11.8
12
6
17.9
14
14
8
20.6
18
FFB Production
m MT
28
3.7
3.5
4.4
2
10 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13F FY14F FY15F FY16
Malaysia
Group
0 Malaysia
Indonesia
Group
Indonesia
Indonesian yields increased from 7-8 MT/ha at the point of takeover in 2001 to 19.8 MT/ha in 2011 + 56% improvement within 6 years during the turnaround of Minamas Plantation (FY05 – FY11)
CPO Production 3 m MT 2.68 2.44
%
OER
25
2
24.0
24 23.0
23 22
2.16 2.16
22.0
1.39 1.34
22.8
22.7 22.1
21.9 21.4
21.2 21.1 21.2
21.8
1.48
1
1.62
0.76 0.82
21
0.96
1.05
20 19 Malaysia
Indonesia Legend :
FY 2009/2010
Group
0
FY 2010/2011
Malaysia FY 2011/2012
Indonesia FY 2015/2016F
Group
Industrial : Vision and Strategic Thrusts
15
To be a high performance distributor of Caterpillar products and allied solutions 1
Realise Full Potential of the Core Businesses
Leverage & grow existing CAT distributorships Double non-CAT profit contribution 2
Strive For Leadership Position
Leading
3
Dealer
Pursue Strategic Portfolio Growth
Integration of Bucyrus Broaden O&G services capability & regional footprint in non-CAT segment
Industrial Division
16
Sterling profit due to robust demand in the mining, logging & construction sectors External Revenue
RM m
Segment PBIT
RM m
10,000
1,000
951
9,059
8,000
• Strong contribution from Australasia and Malaysia due to continued robust 734 demand in the mining, logging and construction sectors
800 6,418
6,000
600
4,000
400
2,000
1,973 883
200
715
0
0 Malaysia
• Higher delivery of power systems to the oil and gas & marine sectors in Singapore • The newly acquired Bucyrus business made its maiden contribution of RM58m in the first six months of operations
2,026
1,253 1,112
Industrial Division’s PBIT rose by 27% YoY on the back of:
SE Asia ex China/HK Australasia Malaysia
136
166 109
93
98
132
• China/Hong Kong continued to be affected by the weaker demand in the Malaysia SE Asia ex China/HK Australasia construction sector Malaysia mainly due to slower pace in economic growth
Change
+141
+168
-53
+2,641
Change
+27
+73
-34
+217
% Change
+13%
+23%
-3%
+41%
% Change
+25%
+78%
-26%
+30%
Current Yr Previous Yr
Industrial Division
17
Opportunities despite challenging times ahead for the mining industry…
Pressure on coal prices
• Decreasing demand • Slowdown in mining investment
• Cost-cutting measures by mining companies • Deferment of orders
HOWEVER… Similar situation seen during the ‘09 Global Financial Crisis • Orders gradually recovered once prices stabilised
Current Order book remains strong at RM 4.0 billion (5 – 20 months) 80%
• No material impact on orders currently being assembled and processed for delivery for FY201213
Profit Contribution Breakdown (FY2012)
60% 40% 20%
• Delay in confirmation of delivery orders for FY2014-16
67% 33%
61%
39%
0%
2H FY2012 Equipment & Others
1H FY2012 Parts and Services
• Rental and parts & services segments will benefit due to increase in repair and maintenance activities • Parts & Services contribution to profits (Australian operations) have steadily increased in the second half of FY2012
Motors : Vision and Strategic Thrusts
18
To be a leading automotive player in the Asia Pacific region 1
Realise Full Potential Of The Core Businesses
Grow with existing strategic partners Expand after-sales & used-car business Assembly: Strengthen capacity Indo China, South Asia
2
New growth markets
Expand presence in Asia Pacific region Excellent customer service 3
Commercial & Special vehicles
Luxury used-cars
Strive For Leadership Position
Pursue Strategic Portfolio Growth
Pursue strategic projects identified Strategic property / sites
Motors Division
19
Continued strong performance for all marques, particularly in Malaysia RM m
External Revenue
Segment PBIT
RM m
8,000
Motors Division’s PBIT grew by 11% YoY due to:
400 6,871
6,675
• Strong demand for all the major brands in Malaysia, Singapore and New Zealand despite the weaker performance in China
331 304
6,000
300 245
4,000
3,937 200
3,469
3,297
• Decline in performance in China is due to stiff competition resulting in squeezed margins
178
2,880 127
2,320 1,967
2,000
102
100
26
0
Malaysia
SE Asia ex Malaysia
China/HK
Australasia
0
Malaysia
SE Asia ex Malaysia
China/HK
22
Australasia
Current Yr Previous Yr Change
+589
+640
+196
+353
Change
+126
+25
% Change
+20%
+19%
+3%
+18%
% Change
+71%
+25%
-86
+4
-26%
+18%
Motors Division
20
Distributors and dealers of luxury marques Malaysia
Singapore
Thailand
Hong Kong
Macau
China
Australia
New Zealand
Distributor & Dealer
Distributor & Dealer
Dealer
Distributor & Dealer
Distributor & Dealer
Dealer
Dealer
Distributor & Dealer
Rental Rental
Dealer Assembly (Inokom)
Dealer
Rental Note: 1. Sime Darby owns 49% of BMW Malaysia
Motors Division
21
In China, we are focused on the premium auto market with emphasis on luxury marques such as BMW, Jaguar Land Rover and McLaren
Shanghai
Chengdu
Shanghai
Changsha
Zhejiang
Sichuan
Hunan Yunan
Guangdong
Hangzhou
Shantou Tianhe, Guangzhou Panyu, Guangzhou Ma Que Ling, Shenzhen Nanshan, Shenzhen
Hong Kong & Macau Kunming Qujing
Hainan
Haikou
Dec 2010: Official McLaren Automotive dealer in Hong Kong.
Motors Division
22
Improved performance on the back of strong demand in Malaysia and Singapore
Malaysia and Singapore continue its excellent performance with a 8% - 9% YoY growth in sales
China/HK/Macau displays its resilience with a 2% YoY growth in sales
RECENT LAUNCHES IN MALAYSIA & SINGAPORE (4Q FY12)
RECENT LAUNCHES CHINA/HK/MACAU (4Q FY12)
Alfa Romeo Giuletta Launch (May 2012 in Malaysia)
BMW 6 Series Gran Coupe (F06)
Recent launch of new showrooms:
• Sime Darby Auto Hyundai, Ipoh (Malaysia) – May 2012 • BMW 4S Centre, Yunnan (China) – June 2012
New BMW 320i (May 2012 in Singapore)
MINI Inspired by Goodwood (June 2012)
Property : Vision and Strategic Thrusts
23
To be a leader in building sustainable communities 1
Realise Full Potential of the Core Businesses Cost discipline & efficient project management - reduce product development lead time:
China
15
months
9 months
Leverage on synergies & integration Enhance Brand & Quality
Middle East 2 Indonesia
Strive For Leadership Position
Undisputed Malaysia Property Developer & Leader in developing sustainable communities
Australia
Penang
Greater KL
Johor Singapore
East Malaysia
3
1
New township every
2 years
1
Niche development every year
Pursue Strategic Portfolio Growth Strategic alliances:
New development areas with high growth potential
Property investments
Property Division
24
Slight improvement in earnings due to higher property sales RM m
Profit from Property Division increased marginally by 2% YoY due to:
Segment PBIT
External Revenue RM m
500
2,000 1,817
449
1,776
• Increase in property development works completed for the various townships including Bandar Bukit Raja and Denai Alam
434
400 1,500
300 1,000
• Unbilled sales as at 30th June 2012 stands at RM 1.2bn
200
500 100 226
211
0
0
Property Development Change % Change
+41 +2%
Property Development
Asset Mgmt & Hospitality +15
Change
+15
+7%
% Change
+3%
• Impressive takeup rates of 85% 22 19 for launches between Aug ‘11 Asset Mgmt & and May ‘12 Hospitality -3 -14%
Current Yr Previous Yr
Property Division
25
Expected Launches for 1Q FY2012/2013 Project Description New & Modern Office Suite
Melawati Corporate Centre
Development Type Strata Retail & Corporate Suites
GDV RM81mil
Location Taman Melawati
Target Launch September 2012
Project Description Waterfront Homes Development Type 3 Storey Super Link
GDV RM65mil
Target Launch September 2012 Location Bukit Jelutong Project Description Sky Community Gardens
• • • • •
Development Type 39 acres of freehold land Condominium GDV of £8 billion Target Launch • Land cost of £400 million is only 5% of the GDV September /October 2012 Mixed Development (57% Residential, 43% Commercial) Location GDV RM335mil SPA signed on 4th July 2012 Taman Melawati Completed all due diligence and investigations Source : battersea-powerstation.com
Property Division
26
Sime Darby Property’s Biggest International Property Development To Date
Battersea Power Station
Strong International Experience
• • • • • •
Financial Strength
Execution Capabilities
39 acres of freehold land GDV of £8 billion • Land cost of £400 million is only 5% of the GDV Mixed Development (57% Residential, 43% Commercial) SPA signed on 4th July 2012, to be completed on 4th September 2012 Battersea Completion Event to be held in September 2012 1st phase of launches will be in 3Q FY2013
E&U Non China : Vision and Strategic Thrusts
27
To expand the business to become a significant power player 1
2
Realise Full Potential of the Core Businesses
Achieve operational excellence Plant availability Load Factor Efficiency
Institute best-in-class practices Strive For Leadership Position
Notable power player in the region
Current combined gross capacity for Power (Malaysia & Thailand)
590 MW
3
Pursue Strategic Portfolio Growth
Power plants in Malaysia & Thailand Exited the Oil & Gas business
E&U China : Vision and Strategic Thrusts
28
To be a leading player in port and water management in Shandong Province Realise Full Potential of the Core Businesses
1 Beijing Shandong Shanghai
Weifang Port: New berth expansion Jining Port: 4 new ports Weifang Water: Expand capacity to 200,000 m3/day
Shandong Province, China
2 Weifang
Jining
Optimise asset utilisation & operational efficiencies Successful & timely completion of all expansion plans
Strive For Leadership Position
Leading Port operator in Shandong province
3 Pursue Strategic Portfolio Growth
Ports Ancillary services Logistics/industrial park activities adjacent to Ports
Energy & Utilities Division
29
Increase in profits due to additional income from the Power and Port businesses External Revenue*
RM m
Segment PBIT*
RM m
700
Energy & Utilities Division’s PBIT increased by 40% YoY primarily due to:
270 624
236
600
500
• Recognition of deferred revenue of RM99.4 m from its power plant in Malaysia
497 421
170 381
400
159
• Higher contribution from port operations in China due to higher cargo throughputs
300
182
200
63 58
70
149
47 100
58
Power
Utilities China
Engineering Services
+33
+40
Others
+127 +26%
+22%
*Excludes discontinued operations
+10%
Power -30
-100 % Change
-9 -10
-48
0
Change
39
Utilities China
Engineering Services
Others Current Yr
-106
Change
+77
5
+8
+1
-183%
% Change
+48%
+9%
+21%
+10%
Previous Yr
Energy & Utilities Division
30
Additional investment of RM1.4 billion to expand Weifang Port’s operations in China 3 x 30,000 MT general cargo berths
66
77
6 x 30,000 MT general cargo berths 1 1
3x 10,000 MT dry bulk berths
2 x 50,000 MT liquid cargo berths
8 8
4 x 30,000 MT dry bulk, salt berths
5
2
2
33
4 4 3 x 30,000 MT crude oil, petroleum, liquid chemicals berths
Existing berths Upcoming berths
3 x 20,000 MT general cargo berths
Berths Sizes 3 x 30,000 MT 6 x 30,000 MT
2 x 50,000 MT
2 x 5,000 MT dry bulk berths
Berth Type
Status
Pending regulatory approvals and development works General Berths (target to be operational by Liquid Berths FY15/16) Investment of RM 1.4 billion in the next three years Container Berths
• Increase in throughput from the current 18m MT to > 50m MT (by FY16) • Increase in capacity from the current 22m MT to 100m MT (by FY16)
E&U China : Ports & Water
31
WEIFANG PORT THROUGHPUT & CAPACITY
Future Growth Plans
WEIFANG WATER TREATMENT
Shandong Province, China
THROUGHPUT & CAPACITY
FY2011
FY2016
Current Throughput
Target Throughput
FY2011
FY2016
18 million MT
50 million MT
Current Throughput
Target Throughput
Current Capacity
Target Capacity
33 million MT
52 million MT
22 million MT
100 million MT
Current Capacity
Target Capacity Binzhou 73 million MT
35 million MT Dezhou
Yantai Weihai Qingdao
Jinan Liaocheng
Dongying
Zibo
The new
tonnes berth has
Weifang
increased the total
Laiwu
capacity of Weifang Sime
Taian
Darby Port from 15m MT Rizhao
Jining Heze
3 X 10,000
p.a. to
22m MT p.a.
Linyi Zaozhuang
JINING PORTS & THROUGHPUT CAPACITY
FY2011
FY2016
Current Throughput
Target Throughput
8 million MT
14 million MT
Current Capacity
Target Capacity
11 million MT
19 million MT
* Source : Arthur D’Little Report
Beijing
CHINA
Shandong Shanghai
Healthcare : Vision and Strategic Thrusts
32
To become the gold standard healthcare provider in the Asia Pacific region 1
Realise Full Potential Of The Core Businesses
SDMC Subang Jaya
SDMC Ara Damansara
SDMC ParkCity
New Campus
2
Integrate hospitals & leverage on synergies Grow network of healthcare facilities in Malaysia & referral partners throughout the region Healthcare Education: Enable graduates to be sought after in the healthcare industry
Strive For Leadership Position
Extend Healthcare brand regionally
Vietnam
Attain & maintain international accreditation
Thailand Singapore
Best-in-class customer service, quality care & education
Indonesia
3 Pursue Strategic Portfolio Growth
Extend Healthcare brand regionally
Advisory & Consultancy Wellness Healthcare Education
Healthcare & Others
33
Marginal decline in Healthcare profits due to high startup costs External Revenue (YTD FY2012)
RM m
Segment PBIT (YTD FY2012)
RM m
Profit of Healthcare Division declined marginally by 5% YoY primarily due to:
300 40 257 250
35
35
235
• Start-up expenses for the new hospital in Ara Damansara • Lower contribution from healthcare education
30 200 161 150
25
20
122
Other Businesses recorded a higher profit at RM35m, an increase of 192% YoY against last year’s profit of RM12m due to :
18
19
15
100
12
10
• Impairment of Continental Sime Tyre of RM24.3m in the previous year
50 5
0
0
Healthcare
Others
• Tesco achieving a profit of RM18.9m, higher by 62% YoY compared to last year
Healthcare
Others
Change
+22
-39
Change
-1
+23
% Change
+9%
-24%
% Change
-5%
+192%
Current Yr Previous Yr
Healthcare Division
34
Leading-edge and JCI-accredited healthcare provider in Malaysia Existing Hospitals Sime Darby Medical Centre Subang Jaya
“One of the leading private hospitals in Malaysia” Description • 393-bed hospital Achievements • JCI Accreditation (4Q2009) • Prime Minister’s Quality Award (1999 & 2003) • Brand Laureate 2009 – Best Brand in Healthcare (Hospital)
Sime Darby Medical Centre Ara Damansara
“Centre for heart, neuro, spine and joint diseases” Description • 220-bed hospital • Located in Ara Damansara
Investment Cost • RM240 million Officially launched in March 2012
Future Hospital Sime Darby Medical Centre Park City
“Centre of excellence for Women & Child’s Health and Geriatrics” Description • 300-bed hospital • Located in Desa ParkCity
Timeline to completion • FY2012/13 Investment Cost • RM65 million
APPENDICES
Appendix 1 : Plantation Division
36
Upstream Geography
Add Title Add Text • Add detail • More detail
Liberia Planted Landbank
: 10,046 ha : 220,000 ha
Indonesia
Total Landbank (ha)
359,534
299,263
220,000
878,797
Total Oil Palm Planted Area (ha)
314,294
205,845
3,350
522,489
Total Rubber Planted Area (ha)
7,862
-
6,696*
14,558
* Rubber plantation from ex-Guthrie estates in Liberia
: 47,166 ha : 54,276 ha
Sulawesi Planted Landbank
: 4,253 ha : 8,313 ha
Kalimantan Planted : 131,911 ha Landbank : 189,749 ha
Malaysia
As at 30th June 2012
Sabah Planted Landbank
Liberia
Group
Sarawak Planted Landbank
: 40,695 ha : 48,159 ha
Sumatera Planted : 68,681 ha Landbank : 101,201 ha Peninsular Malaysia Planted : 234,295 ha Landbank : 257,099 ha
Appendix 2 : Plantation Division
37
Age Profile (as at June 2012)
The Group still has a relatively young age profile of its trees As at 30th June 2012
Sime Darby has 522,490 ha of oil palm planted area of which 90% of the trees are mature and the remaining 10% immature.
Appendix 3 : Plantation Division
38
Future Growth Plans
Malaysia • North port • Refinery (660K MT) • Commissioned in Jan 2012
Europe
North Africa
China • Rizhao • Bulking facility (82K MT)
Liberia • Planted Oil Palm: 3,350k ha (since first planting commenced in May ‘11) • Landbank: 220k ha Upstream Expansion
China
Cameroon • Status : Feasibility and Due diligence studies
Midstream/ Downstream Expansion
East/South Africa
Upstream Expansion in West Africa Strategic location - access to Europe and North Africa Ample arable landbank with suitable agronomic conditions Downstream Expansion Fully integrated plantation player - the completion of both the Northport and Pulau Laut refineries will result in ~60% of internal CPO being absorbed by our downstream refineries (currently ~30%)
Indonesia • Pulau Laut • Refinery (825K MT) • Expected completion date: 2Q FY12/13
Appendix 4 : Plantation Division
39
Latest Developments
New Mills
RSPO Certification
Sua Betong (60 MT/hour) in Negeri Sembilan, Malaysia Mustika (60 MT/hour) in Kalimantan Selatan, Indonesia
New Refinery & Kernel Crushing Plant
Commencement of Northport operations in Port Klang: 660,000 MT p.a. for refining and fractionation activities 135,000 MT p.a. for kernel crushing activities
55 out of 62 Strategic Operating Unit (SOUs) have been RSPO-certified
Malaysia : 39 SOUs
Indonesia : 16 SOUs
Total RSPO oil production (as at June 2012) : 2.15 m MT
Appendix 5 : Industrial Division
40
Investment in China
• Primary Markets : Construction & power systems • Presence in Hong Kong, Macau and 7 provinces in the Southeastern part of China, plus Xinjiang Xinjiang coal reserves are
~40%
of China’s total coal deposits
Xinjiang
Jiangxi Hunan
Fujian
Dealership Territories
Guangxi
Guangdong
Branch / CAT Rental Store (CRS)
Hong Kong & Macau
Provincial HQ
Hainan
Appendix 6 : Industrial Division
41
Caterpillar’s Acquisition of Bucyrus
With the addition of Bucyrus products, Caterpillar’s addressable market will grow from 23% to 75% Caterpillar’s current mining product line (pre-acquisition)
Source: Caterpillar
Caterpillar’s combined mining product line (post-acquisition)
Appendix 7 : Industrial Division
42
New coal mining activities in Queensland, Australia Project
Principal
Total Coal Output
Target Delivery Date
Caval Ridge
BMA Alliance
7 mtpa
2013
Daunia
BMA Alliance
7 mtpa
2014
Wandoan
Xstrata
30 mtpa
2014/15
Blackrock
Xstrata
10 mtpa
2015
Codrilla
Macarthur
10 mtpa
2014/15
Adani
Adani
60 mtpa
Late 2014
Carmichael
Hancock/GVK
60 mtpa
Late 2014/Early 2015
MTPA : Million Tonnes Per Annum
Contribution to Hastings Deering’s order book by customer (%) Leighton Group, 13%
Others, 61%
Hastings Deering’s top three customers are Leighton Group, BMA Alliance and
BMA Alliance, 12% Xstrata, 5% Rio Tinto, 5% 4% Downer,
Xstrata who contribute a total of 30% to their order book Both BMA and Xstrata have mineral
projects in Queensland that will commence between 2013 and 2014.
Total mining output in Queensland constitutes in Australia
40% of total mining output
Appendix 8 : Property Division
43
Existing and Future Townships
Greater Kuala Lumpur
Existing Townships (balance landbank of 2,700 acres) 1
2 3
Guthrie Corridor a. Bukit Jelutong (2,200 acres : 90% completed) b. Denai Alam (1,000 acres: 70% completed) Subang Jaya – SJCC, USJ Heights, Putra Heights (6,000 acres: 90% completed) Ara Damansara (762 acres: 90% completed)
4
Bandar Bukit Raja 1 (1,672 acres : 80% completed)
5
Melawati (905 acres: 80% completed)
6
Nilai Impian/Utama (1,263 acres: 50% completed)
7
KLGCC (365 acres)
9
10
Bandar Ainsdale (520 acres) Affordable homes Guthrie Corridor (2,294 acres) a. Elmina East b. Elmina West Subang Jaya – Taipan City (27 acres)
Bdr Bukit Raja 11
5 9
1
1
Kuala Lumpur
7
4 3
Ara Damansara 2
Subang Jaya 10 3
2
Putrajaya 4
Cyberjaya
Future Townships (9,267 acres) 8
Guthrie Corridor
SELANGOR
5
KLIA
11 Bandar Bukit Raja 2 & 3 (2,690 acres) 12 Sg Sekah Estate (636 acres)
Current Townships
Vision Valley M’sia 13 East (3,100 acres) a. Sports Cluster b. Education Cluster
Future Townships
Sime Darby Property is also collaborating with its strategic partners on developments in Penang, Johor and overseas
12
6
8 13 Labu Sepang
NEGERI SEMBILAN
Appendix 9 : Property Division
44
Pursue Strategic Portfolio Growth – Strategic Partnership (Eastern & Oriental Bhd)
Acquisition of 30% Stake in E&O
On-going Projects
30% Strategic Rationale 1
2
Gain exposure to prime landbank in Penang and Johor
Ariza Terrace
St Mary Residences
Quayside
Villa-by-thesea
Access to E&O’s unique talent, strong branding, experience and expertise as a niche premium property developer
More than RM350m of Gross Profit to be recognised by E&O in the next 2-3 years
Appendix 10 : Healthcare Division
45
Sime Darby Medical Centre Ara Damansara launched in March 2012
Centre of Excellence for Women & Child’s Health, Geriatric, Breast Care Center, Endocrinology, Child Development State-of-the-art facilities with premier lounge and boutique services 57
clinical
theaters.
suites,
5
delivery
6
operating rooms,
10
chemo daycare beds
Soft launch – 12 December 2012
Sime
Darby
Healthcare’s
first
prototype in paperless culture
SDMC Subang Jaya 393 beds SDMC Ara Damansara 220 beds SDMC Desa Park City 300 beds
Total Patient Beds
913
Thank You