MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
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TABLE OF CONTENTS Group Financial Performance Overview Ports & Logistics Energy & Utilities Engineering Corporate & Others Group Outlook Industrial Development’s Business Updates M M C C O R P O R A T I O N B E R H A D P A G E 2
QUARTERLY GROUP FINANCIAL PERFORMANCE Revenue PBT PATMI (RM million) (RM million) (RM million) 5% YoY 93% YoY 115% YoY 221.0 114.8 124.7 1,086.8 1,143.7 57.9 Q1FY2020 Q1FY2021 Revenue • 5% YoY increase was due to:- ➢ Higher volume handled at Pelabuhan Tanjung Pelepas Sdn Bhd (“PTP”) and Northport Malaysia Berhad (“NMB”) and contribution from Graphite project and Langat Sewerage project by Engineering division. ➢ Offset by lower work progress from KVMRT-SSP Line, lower passenger and cargo volumes at Senai Airport, and lower volume handled at Penang Port Sdn Bhd (“PPSB”). PBT • 93% YoY increase was due to:- ➢ Higher volume handled at PTP and NMB, and strict cost management at all our ports ➢ Higher contribution from Langat Sewerage project ➢ Gain on sublease of land at PTP. ➢ Lower finance cost. ➢ However, offset by lower contribution from KVMRT-SSP Line, Senai Airport and PPSB. M M C C O R P O R A T I O N B E R H A D P A G E 4
Q1FY2021 KEY FINANCIAL HIGHLIGHTS Ports & Logistics Engineering Energy & Utilities Others REVENUE REVENUE REVENUE REVENUE 5% YoY 12.86% 13.33%
BALANCE SHEET AS AT 31 MARCH 2021 Total Assets Total Equity Total Liabilities RM25.79 B RM10.49 B RM15.30 B FY2020: RM26.10 B FY2020: RM10.30 B FY2020: RM15.80 B Deposits, Bank & Total Borrowings Current Ratio Cash Balances and Other Investments RM9.65 B 1.07x FY2020: RM9.77 B FY2020: 1.09x RM2.63 B FY2020: RM2.80 B Net Assets Per Share Gross Gearing Ratio Net Gearing Ratio RM3.18 0.92x 0.89x FY2020: RM3.12 FY2020: 0.95x FY2020: 0.90x M M C C O R P O R A T I O N B E R H A D P A G E 6
PORTS & LOGISTICS : FINANCIAL PERFORMANCE FY2020 vs Q1FY2021 Q1FY21 QUARTERLY Revenue PBT Revenue PBT (RM million) (RM million) (RM million) (RM million) 38.9% 13% YoY 93% YoY 27.8% < 1% QoQ -6% QoQ 3,248 901 904 801 610 904 237 251 237 123 M M C C O R P O R A T I O N B E R H A D P A G E 8
PORTS & LOGISTICS : FINANCIAL PERFORMANCE Operational Statistics Revenue (RM million) PBT (RM million) PATMI (RM million) Port of Tanjung Pelepas Throughput 1Q 2021 Growth (YoY) 13% YoY 93% YoY >100% YoY Container (in mil. TEUs) 2.78 16% Johor Port Berhad Throughput (in mil. FWT) 1Q 2021 Growth (YoY) 801 904 123 237 67 145 Liquid bulk 3.46 12% Dry bulk 0.92 -9% 5 Break bulk 0.18 6% 93 Total Conventional 4.56 7% 6 Container (in mil. TEUs) 0.25 -1% 107 Northport (M) Bhd 228 Throughput (in mil. FWT) 1Q 2021 Growth (YoY) Liquid bulk 0.65 17% 1 173 4 Dry bulk 0.64 5% 3 Break bulk 0.72 12% 153 44 RORO 0.20 -10% Total Conventional 2.21 9% 153 1 Container (in mil. TEUs) 37 0.81 26% 3 2 Penang Port Sdn Bhd 1 33 Throughput (in mil. FWT) 1Q 2021 Growth (YoY) 14 4 Liquid 0.42 -13% 26 Dry bulk 0.51 -17% 425 40 362 148 10 Break bulk 0.27 -9% 1 Total Conventional 1.20 -14% 26 80 Container (in mil. TEUs) 0.34 -7% 66 32 Tanjung Bruas Port Throughput 1Q 2021 Growth (YoY) (2) (2) Conventional (in mil. FWT) 0.21 -20% Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Container (in ‘000 TEUs) 4.09 >100% Red Sea Gateway Terminal PTP JPB NCB RSGT PPSB TBP Throughput 1Q 2021 Growth (YoY) Container (in mil. TEUs) 0.76 66% M M C C O R P O R A T I O N B E R H A D P A G E 9
ENERGY & UTILITIES : FINANCIAL PERFORMANCE Revenue PATMI Revenue PATMI (RM million) (RM million) (RM million) (RM million) -24% YoY -33% YoY -28% YoY 17% YoY 1,774 1,606 1,351 1,153 89 60 56 48 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Revenue PATMI Revenue PATMI Malakoff Gas Malaysia (RM million) (RM million) (RM million) (RM million) YTD 31 March 2020 2021 2020 2021 YTD 31 March 2020 2021 2020 2021 MCB level 1,774 1,351 89 60 GMB level 1,606 1,153 48 56 MMC Portion (37.6%) N/A 27^ 17^ MMC Portion (30.9%) N/A 14 17 ^ After deducting PERPS interest M M C C O R P O R A T I O N B E R H A D P A G E 1 1
ENERGY & UTILITIES : FINANCIAL PERFORMANCE Q1FY21 YoY Growth Operational / Financials Revenue (RM mil) 6.2
ENGINEERING
ENGINEERING : FINANCIAL PERFORMANCE FY2020 vs Q1FY21 Q1FY21 QUARTERLY Revenue PBT Revenue PBT (RM million) (RM million) (RM million) (RM million) 20% 16% -13% YoY -18% YoY -35% QoQ -66% QoQ 1,146 350 229 319 264 229 146 50 61 50 M M C C O R P O R A T I O N B E R H A D P A G E 1 4
ENGINEERING : ORDER BOOK Outstanding Order book of RM2.26 Billion as at 31 March 2021 Calendar Year Total MMC’s 2021 2022 2023 Contract MMC’s Outstanding JV Overall # Project Value Portion Order Book Partner Progress (RM mil) (RM mil) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 MRT Line 2 : Sg. Buloh - Serdang - Putrajaya (38.7km) - 1 17,420 50% 946 Gamuda 88.7% Overall (Elevated, Underground & System) MRT Line 2 : Sg. Buloh - 2 Serdang – Putrajaya (13.5 km) 13,110 50% 895 Gamuda 85.9% - Underground Works Langat Sewerage Project 3 1,505 100% 107 - 93.8% (MMC PLSB) 4 Sungai Pulai Bridge 565 60% 147 CHEC 56.3 5 PGU-I Gas Pipeline 131 100% 80 - 35% Langat 2 Water Treatment 6 994 50% 23 Salcon 100% Plant* 7 Other projects 151 100% 59 - - TOTAL 33,876 2,257 We are here 6) Completed on August 2020, currently pending for EOT,CPC and final claims. 7) Other projects: Rehabilitation works of Container Terminal Yard and ancillary works at Johor Port Berhad, Development of New Container Yard for the purpose of laden & empty containers at JPB, Design & Build contractor for the proposed arrival hall expansion and construction of new passenger holding lounge for Senai International Airport and Proposed Development of 3 Single-Storey Warehouse at NDSB 2 Logistics Hub for Northport (M) Berhad, Design and Build for the Proposed 50 meter extension jetty and associated works at Tanjung Bruas Port, Redevelopment Project of Swettenham Pier Cruise Terminal. M M C C O R P O R A T I O N B E R H A D P A G E 1 5
ENGINEERING : COMPLETED PROJECTS Undeterred Commitment in Delivering Value to Client Completed Project 13 August 2020 Langat 2 Water Treatment Plant M M C C O R P O R A T I O N B E R H A D P A G E 1 6
ENGINEERING : COMPLETED PROJECT (cont’d) Undeterred Commitment in Delivering Value to Client Completed Project 28 October 2020 North Butterworth Container Terminal M M C C O R P O R A T I O N B E R H A D P A G E 1 7
ENGINEERING : ON-TRACK PROJECT Ongoing Project Target Completion by 2021 Langat Sewerage Project M M C C O R P O R A T I O N B E R H A D P A G E 1 8
ENGINEERING Ongoing Projects Package Phase 1(A) I - Design And Build For The Proposed Bridge Crossing Sungai Pulai And Link Proposed 50 Meter Extension Jetty And Associated Road from Pelabuhan Tanjung Pelepas To Tanjung Works At Tanjung Bruas Port, Melaka Bin, Mukim Air Masin And Sungai Karang, Progress : 36.51% Progress : 59.07% Sequence 1 - Installation of rebar Piling work for raker pile in progress. Bridge 3 Pier 25 crosshead is in Bridge 3 overall river side (Pier for pile plug. progress. 14 until Pier 27). The Proposed Arrival Hall Expansion and Engineering, Procurement, Construction and Construction of New Passenger Holding Lounge Commissioning (EPCC) Of PGU-1 Gas Pipeline for Senai International Airport (SATEXP) Replacement Project (GRAPHITE) Progress : 53.88% Progress : 39.63% Jacking Pit Construction Pipe Welding 1st Layer External Plaster Final Layer External Plaster M M C C O R P O R A T I O N B E R H A D P A G E 1 9
CORPORATE & OTHERS
CORPORATE & OTHERS : FINANCIAL PERFORMANCE FY2020 vs Q1FY21 Q1FY21 QUARTERLY Revenue LBT Revenue LBT (RM million) (RM million) (RM million) (RM million) 7% 23% -69.0% YoY 9.9% YoY 74 -86.1% QoQ 33.8% QoQ 36 5 16 5 -111 -100 -100 -151 -437 Lower Revenue and lower LBT due to: • Lower passengers and cargo volume handled at Senai Airport due to the COVID-19 pandemic. • Offset by lower operating cost and lower finance costs. M M C C O R P O R A T I O N B E R H A D P A G E 2 1
CORPORATE & OTHERS : FINANCIAL PERFORMANCE & KEY FOCUS Operational / Financial Q1FY21 YoY Growth ▪ Continuous cost optimization initiatives via Revenue (RM mil) 4.8 69.3% reduced number of work shift and manpower. Key Focus LBT (RM mil) -12.3 >100% ▪ Aggressive engagement with new and existing airlines on the resumptions of local Total Passenger volume and international flight operations. 45.4 94.0% (‘000) ▪ Promoting Senai Airport Aviation Park on Cargo volume targeted Maintenance, Repair and 2.5 14.6% Operations players. (tonnage ‘000) Normal Situation Current Gate 4 & 5 Gate 4 & 5 Public Concourse Public Concourse M M C C O R P O R A T I O N B E R H A D P A G E 2 2
CORPORATE & OTHERS : INDUSTRIAL DEVELOPMENT Well Positioned & Equipped to Capitalise on the Supply Chain Shifts to SEA Region Signed SPAs FIZ Phase 2 32.43 Acres I-PARK EcoWorld ~162 Pipeline Acres Sales 7.2 acres with LOO I-PARK @SENAI AIRPORT CITY FREE INDUSTRIAL ZONES ECO BUSINESS PARK II Official Launching in March 2018 Ready with infrastructure & utilities Official Launching in 2014 M M C C O R P O R A T I O N B E R H A D P A G E 2 3
GROUP OUTLOOK
GROUP OUTLOOK : ALL IN ALL, POSITIVE OUTLOOK FOR THE GROUP ▪ Strong momentum going forward Aggressive push towards renewable ▪ Leveraging on congestion at energy segment where Malakoff’s neighboring ports footprint continues to grow, notably for ▪ To potentially exceed 10 mil TEUs in solar based projects within the Group 2021 ▪ Maintaining strong momentum ▪ Stable volume demand amidst ▪ Development of Boustead Cruise economic recovery Centre business ▪ New business ventures in ▪ Growing warehousing business Combined Heat and Power (CHP) as well as Virtual Pipeline ▪ Import/ export market recovery ▪ Commodities trade to recover Diversification into new geographical areas as well as Waste to Energy ▪ Southern Thailand market recovery ▪ Growing transshipment business M M C C O R P O R A T I O N B E R H A D P A G E 2 5
GROUP OUTLOOK : ALL IN ALL, POSITIVE OUTLOOK FOR THE GROUP ▪ Competitive pursuit of internal Group projects as ▪ Strong interest for SAC land especially for well as the external projects regional distribution hubs ▪ Targeted order book replenishment for the next ▪ Growing sales pipeline with serious prospects & 2 years is estimated to exceed RM1.0 billion. negotiation in place ▪ Increase in construction projects in line with the ▪ SPAs signed for 40 acres and 162 acres Budget 2021’s increased in Development currently in the sales pipeline Expenditure (DE) by 38% M M C C O R P O R A T I O N B E R H A D P A G E 2 6
INDUSTRIAL DEVELOPMENT’S BUSINESS UPDATES
A MASTERFULLY DESIGNED INDUSTRIAL PARK 28
SYNERGISTIC ECOSYSTEM Working closely with relevant Government agencies and bodies Providing readily available industrial and commercial areas, contributing to the growth of trade volume MMC Land Sdn Bhd Quick access to a multi- modal logistics platform Infrastructure-Ready Land:- Synergistic Ecosystem built • SENAI AIRPORT CITY (SAC) on continuous derived • TANJUNG BIN INDUSTRIAL PARK (TBIP) demand for both additional New Development:- industrial areas as well as • NORTHERN TECHNOCITY (NTC) efficient and reliable logistical solutions Seaports & Airport Easily accessible logistical amenities and solutions to act as a catalyst for future industrial developments 29
MASTERFULLY CRAFTED FOR LONG TERM SUCCESS 2,718 acre Land Area 400 Free Industrial Zone & acre Free Commercial Zone Ready common Infrastructure & Utilities A Balanced Mix Integrated Development:- Free Industrial Zone Hi-Tech & General Manufacturing Aerospace / MRO Mixed Development 30
SEAMLESS CONNECTIVITY VIA LAND, SEA & AIR BETWEEN MMC’S PORTS & AIRPORT Major Expressway Seaports International Airports 3 ▪ 3KM to North-South Expressway ▪ 4KM to Senai-Desaru Expressway ▪ 12KM to Second Link Expressway 2 ▪ 35KM to Port of Tanjung Pelepas ▪ 40KM to Johor Port (Pasir Gudang) 3 ▪ 5KM to Senai International Airport ▪ 60KM to Changi International Airport ▪ 320KM to Kuala Lumpur International Airport KUALA LUMPUR INTERNATIONAL AIRPORT Member of MMC NORTH-SOUTH EXPRESSWAY Member of MMC MALAYSIA SENAI AIRPORT CITY SENAI DESARU EXPRESSWAY SECOND LINK EXPRESSWAY LEGEND North-South Expressway Senai-Desaru Member of MMC Expressway Second Link Expressway SINGAPORE CHANGI Exit to PTP INTERNATIONAL AIRPORT Singapore Highway Member of MMC TANAH MERAH PORT Free Zone JURONG PORT Import/ Export Activities SINGAPORE PORT 31
CENTER OF THE INDUSTRIAL CLUSTERS A Greenfield within Brownfield concept Senai Airport City located in the center of the industrial Sedenak clusters of well-known Manufacturing Companies. FOOD & BEVERAGE Senai International Airport 10 km radius Senai Airport City ELECTRICAL & ELECTRONICS SAC 15 km radius Johor Port LOGISTICS SINGAPORE Changi Airport Port of Tg.Pelepas OTHERS Jurong Port Singapore Port 32
SENAI AIRPORT CITY MASTERPLAN A well-managed integrated development, consisting of- Free Industrial Zone Free Commercial Zone Hi-Tech & General Manufacturing Aerospace / MRO Mixed Development Senai – Desaru SENAI Expressway INTERNATIONAL AIRPORT Available Land Parcel Available Land Parcel 33
SENAI AIRPORT CITY AS MASTER DEVELOPER TARGETING MNCs ➢ Complemented by 2nd Tier Developers, EcoWorld and i-Park Targeting SMEs Senai Airport City caters for large development ie. 5 acres and above Industrial Land Target Segments are Free Zone, 5 acres and above Manufacturing and Mixed Development Tailor-made plots 2,718 acres of Land for expansion according to business industrial land requirements Approved Developer 400 acres of Ready-built common Status – An Incentive Free Zone Area infrastructure for Developers i-Park @ SAC Facilitation support services: Local Authorities, MIDA, Government Agencies, etc. Ready-Built Factories Ready-Built Factories/ Built to Suit 4 acres and below Eco Business Park II 2-Storey Service Factory 1 ½ Storey Semi-Detached Factory Cluster Factory 1 ½ Storey Detached Factory Semi-Detached Factory Built to Suit Land Acreage 34
STRATEGIC COLLABORATION REAL ESTATE VALUE CHAIN : SUCCESSFUL INDUSTRIAL PARK 2nd Tier Authorities Master Developer Developers Working closely with both authorities and industries to create a sustainable master •2ndNTC providesare tier developers space Support master developers developing gated-and-guarded planned industrial park through: for Tier 3 & Tier 4 industrial parks to provide i.e. Senai Airport City and investors in pre, during and companies ready-built (SMEs) facilities to to Complete Infrastructure post investment activities “Plug-and-Play” development model support Tier 1 & Tier 2 investors:- such as: offers business ready platform, companies in KHTP Eco Business Park 2 infrastructure and utilities readiness. • 2-Storey Service Factory • Advice on incentives and • Cluster Factory business operations Holistic Ecosystem • Semi-Detached Factory • Business licences and A Greenfield within Brownfield concept located in the center of the industrial certification clusters of well-known Manufacturing i-Park @ Senai Airport City • Obtain building approval Companies. • Semi-Detached Factory • Others • Detached Factory Authority Support & • Built to Suit Factory Facilitation Services 35
READY INFRASTRUCTURE & UTILITIES ➢ Provided & Dedicated To Senai Airport City ELECTRICITY WATER SUPPLY SPECIALTY GAS & TELECOMMUNICATION FREE ZONE SECURITY INDUSTRIAL GAS Main Supply Capacity Natural Gas Fibre Optics Managed by Auxiliary police force (275/132/33kV) 2.5 MGD Senai Airport City ▪ 100% ▪ Water Quality as ▪ Underground ▪ 24 Core Lines ▪ Perimeter Fencing ▪ 24 hours on site Underground per WHO Pipelines from ▪ Exchange ▪ CCTV Cable Networks (World Health Distribution Plant Capacity: 10,000 ▪ Custom Building Organization) lines upgradeable & Checkpoint Standards to 50,000 lines ▪ Broadband/ Mobile Service Provider Ranhill SAJ Sdn Bhd 36
READY INFRASTRUCTURE & UTILITIES ➢ Implementation of Plug & Play Development Model with Ready Infrastructure and Utilities Reticulation along Land Parcel Boundary WATER TANK WITH CAPACITY 2.5MGD ROAD AND INTERCHANGE COMPLETED (Exit 254A)- OTP IN OCT 2016 ELECTRICITY SUPPLY (275KV/132Kv/33kV) STP WITH CAPACITY 20,000 PE NATURAL GAS WITH 360 PSI STREET LIGHTING AND ROAD SYSTEM LANDSCAPE FREE ZONE AREA PERIMETER FENCING 37
SENAI AIRPORT CITY FREE ZONE AREA ➢ Senai Airport City Appointed as the Free Zone Authority Hersheys GN Resound/ Agility Logistic Custom Complex The Only Inland Free Zone Area In Johor Housing Renowned MNC Industrial Players Available Land with Ready Platform and Infrastructure Clearance Process by SAC Free Zone Authority 38
ESTEEMED COMPANIES IN SENAI AIRPORT CITY FREE ZONE AREA & OUR 2nd TIER DEVELOPERS HERSHEY MALAYSIA- OPERATING SINCE 2016 I-PARK- OFFICIALLY LAUNCHED IN 2018 I-STAY (I-PARK DORMITORIES COMPLEX) ECO BUSINESS PARK II – OFFICIALLY LAUNCHED IN 2016 ECO BUSINESS PARK II – FACTORY UNITS 39
8 REASONS TO BE PART OF US SUPPORT FROM MMC GROUP’S COMPANIES INCENTIVES ▪ MMC will facilitate in the setting up and MIDA operations with the local authorities/ agencies. Pioneer Status, Investment Tax Allowance, Principal Hub IRDA Approved Developer Status FREE ZONE AREA COMPETITIVE PRICE & CUSTOMISED PLOTS ▪ Gazetted Free Zone Area for export-import ▪ Freehold land, price is ready with infrastructure and activities – Tax & GST exemption amenities ▪ Industry : FMCG, Logistics, Healthcare, E&E etc ▪ Greenfield within brownfield area ▪ Land plots are customised based on clients’ requirements. READY INFRASTRUCTURE & FACILITIES WORK-LIVE-PLAY IN ISKANDAR ▪ Infrastructure (roads, drainage, street lighting) ▪ Expatriates enclaves ▪ Utilities (mains to power, water and gas) on site ▪ International schools & educational institutions and within Senai Airport City. ▪ Healthcare DIRECT CONNECTIVITY GUARDED INDUSTRIAL PARK ▪ 3 major highways, ▪ Around-the-clock security services by Malaysian ▪ 2 major seaports Auxiliary Police within Senai Airport City ▪ 2 international airports 40
MARKETING UPDATES - SAC PIPELINE as at Q1 2021 LOO Signed Size No. Company (Acres) 1 Company A 7.19 TOTAL 7.19 Sales Pipeline Size No. Company (Acres) 1 Company A 6.64 2 Company B 50.00 3 Company C 31.21 4 Company D 9.79 5 Company E 9.73 6 Company F 9.73 7 Company G 21.68 8 Company H 15.52 TOTAL 154.30 No. Total Legend Status Investors Acreage Signed SPA 13 684.44 LOO Signed 1 7.19 Pipeline 8 154.30 41
TANJUNG BIN INDUSTRIAL PARK DEVELOPMENT BY: SEAPORT WORLDWIDE SDN BHD 42
TANJUNG BIN INDUSTRIAL PARK Located opposite to Port of Tanjung Pelepas & next to Malakoff Power Plant Acres with 2,255 Free Zone Status minutes to TBIP 45 International Shipping Lane Port of Tanjung Pelepas meter 17 natural draft kilometer shoreline Malakoff Power Plant 3.6 & sheltered water Ready Basic Infrastructure Seaports 2 Port of Tg. Pelepas & Johor Port Major highways Centralised Effluent Treatment 2 NSE & Second-Link System (CETS) TARGET INDUSTRIES Dry & Liquid Bulk Logistic & Food & Beverage Transmission Storage Commodity Trading Warehousing Manufacturing Main Intake 43
SEAMLESS CONNECTIVITY VIA LAND, SEA & AIR BETWEEN MMC’S PORTS & AIRPORT Major Expressway Seaports International Airports 2 ▪ 45KM to Second Link Expressway ▪ 50KM to North-South Expressway 2 ▪ 50KM to Port of Tanjung Pelepas ▪ 85KM to Johor Port (Pasir Gudang) 3 ▪ 60KM to Senai International Airport ▪ 100KM to Changi International Airport ▪ 335KM to Kuala Lumpur International Airport KUALA LUMPUR INTERNATIONAL AIRPORT LEGEND NORTH-SOUTH EXPRESSWAY Member of MMC North-South Expressway Second Link Member of MMC Expressway MALAYSIA Exit to PTP SECOND LINK EXPRESSWAY Singapore Highway Free Zone Import/ Export Activities Member of MMC SINGAPORE CHANGI Member of MMC INTERNATIONAL AIRPORT TANJUNG BIN INDUSTRIAL PARK Member of MMC TANAH MERAH PORT JURONG PORT SINGAPORE PORT 44
TANJUNG BIN INDUSTRIAL PARK ➢ Strategically located at the intersection of East-West Trade Lanes Tanjung Bin Industrial Park 45 minutes from International Shipping Route ▪ Natural water draft of 17 meter ▪ 45 minutes from international shipping route 45 45
TANJUNG BIN INDUSTRIAL PARK ➢ Development View PORT OF TANJUNG PELEPAS Sungai Pulai Bridge PHASE 1 (667 ac.) PHASE 2 (1,588 ac.) Target Development of ATB’s 116-acre parcel Oil Tank Storage Facilities 123 ac. 46
TANJUNG BIN INDUSTRIAL PARK ➢ Overview of Development Progress Total Land Area: 2,255 acres Total Shoreline: 3.6 KM Power, Water, & Basic Utilities: Telecommunication Sungai Pulai Bridge Leasehold Land Type: (Free Zone) Phase 1 Total Land Area: 667 acres 1,918m Total Shoreline: 1.7 KM PHASE 2 Phase 2 (1,588 acres) Total Land Area: 1,588 acres 974m Total Shoreline: 1.9 KM Land Use Based From “KM” Plan PHASE 1 Land Use Size (acre) 727m (667 acres) Heavy Industry 1,000 Medium Industry 345 Commercial 115 Public Facilities and 795 Infrastructure Total 2,255 47
INVESTMENT IN TANJUNG BIN INDUSTRIAL PARK ➢ Highlights of Investment at Tanjung Bin Industrial Park PORT OF TANJUNG PELEPAS PHASE 1 MALAKOFF PHASE 2 FUTURE EXPANSION ATB’s Oil Tank Storage Facilities (123 ac.) Tank Storage Total Capacity No. Jetty Leased Period PHASE 1 41 tanks 900,000 cbm (Completed 2012) PHASE 2 (Stage 1) 12 tanks 250,000 cbm 6 Jetties 30 + 30 years (Completed 2015) - (since 2008) PHASE 2 (a) 6 tanks 225,000 cbm (Completed 2020) Total Tanks (Completed) 59 tanks 1,375,000 cbm *Disclaimer: The information provides general information only and may subject to change based on ATB’s overall planning 48
TANJUNG BIN INDUSTRIAL PARK ➢ Ready Infrastructure & Utilities On Site Centralised Effluent Treatment System (CETS) Road Alignment Transmission Main Intake *Artist impression of the Sg. Pulai Bridge Water Pipe / Valve Telecommunication Lines 49
TANJUNG BIN INDUSTRIAL PARK ➢ Development Advantages ▪ Adjacent to International shipping lane ▪ Platform ready with infrastructure (45 minutes) ▪ Free Industrial Zone ▪ Direct connectivity to KL/ Singapore via Sungai ▪ Natural water draft of 17 meter Pulai Bridge (Target to complete June 2022) 50
FUTURE CONNECTIVITY BETWEEN GELANG PATAH AND PONTIAN VIA SUNGAI PULAI BRIDGE PROJECT BENEFIT To enhance network connectivity between district of Pontian and Johor Bahru Seaport Worldwide Sdn. Bhd. (SWW) is a master developer for Tanjung Bin Industrial Park and a project To shorten the distance and time travel proponent for proposed bridge crossing Sungai Pulai and linking Gelang Patah to Pontian between district of Pontian and Johor Bahru PROJECT INFORMATION To improve socioeconomic and developments of surrounding areas Total Length of To enhance Tanjung Piai tourism industry Road and Bridges Road Width 7.5 km 24m TRAVEL TIME Before Bridge After Bridge From/To APPROVAL Construction Construction Kukup Pontian Jabatan Kerja Raya (JKR) Pelabuhan Jabatan Pengaliran dan Saliran (JPS) 60KM 15KM Tanjumg Jabatan Alam Sekitar (JAS) 60 minutes 15 minutes Pelepas 2 2 Jabatan Hutan (JH) Jabatan Laut (JL) (PTP) Dual Carriage Way 55KM 30KM Iskandar 55 minutes 30 minutes Puteri Project Timeline 70KM 45KM Johor 90km/h 2017 – 2022 70 minutes 45 minutes Bahru Navigation Clearance 60KM 30KM CIQ 2nd link 100m 25m 60 minutes 30 minutes Horizontal Vertical 51
PROJECT PROGRESS - SUNGAI PULAI BRIDGE Completion Date 30 June 2022 Progress as of Actual : 56.27% March 2021 EAST BANK / TG. PELEPAS WEST BANK/TG. BIN Overall view of Main Bridge (Bridge 3) at Sungai Pulai 52
OVERVIEW OF NORTHERN TECHNOCITY M M C C O R P O R A T I O N B E R H A D P 53 A G E 5 3
NORTHERN TECHNOCITY ➢ A Well Planned & Managed Development in Kulim, Kedah PERLIS KEDAH NORTHERN TECHNOCITY SDN BHD PENANG KELANTAN TERENGGANU 100% owned by MMC Land Sdn Bhd PERAK Development size : 354acres PAHANG SELANGOR Kuala Lumpur Location : Kulim, Kedah NEGERI Putrajaya SEMBILAN MELAKA JOHOR SINGAPORE 54
NORTHERN TECHNOCITY COMPREHENSIVE DEVELOPMENT & ECOSYSTEM KEDAH Strategic Location ➢ Access to major highways, seaports and airports NORTHERN TECHNOCITY Well-designed Masterplan ➢ Developments consist of Industrial, PENANG Commercial and Residential elements. Infrastructure ready ➢ Electricity, water and telecommunication supply Green field within brown field ➢ Development surrounded by a matured Hi-Tech industry ecosystem ie. Kulim Hi-Tech Park 55
LOGISTICAL NETWORK & SEAMLESS CONNECTIVITY ➢ Connectivity Distance via Land, Sea & Air – Ease for International Trade Major Expressway Seaport International Airport Butterworth-Kulim Expressway (5km) Penang Port: approx. (30km) Penang International Airport: approx. (45km) North-South Expressway (24km) (via 1st Penang Bridge) NORTH-SOUTH EXPRESSWAY KEDAH BUTTERWORTH-KULIM BUTTERWORTH EXPRESSWAY PENANG PORT PENANG KULIM BAYAN LEPAS Approximate distance to : PENANG INTERNATIONAL AIRPORT • Butterworth: 30 km • Batu Kawan: 40 km BATU KAWAN • Bayan Lepas: 45 km 56
NORTHERN TECHNOCITY ➢ Surrounded by a Matured Industrial Ecosystem From Sg Petani KHTP PHASE 4 KHTP PHASE 3 KHTP PHASE 1 NORTHERN TECHNOCITY (NTC) NTC KHTP PHASE 2 To Penang Kulim Kulim Technocity Golf & Residential Country PH 1,2 & 3 Resort 57
NORTHERN TECHNOCITY MASTERPLAN LEGEND Medium Industry Light Industry 147acres Industrial Residential 41% Commercial 61acres Commercial 17% 52acres Residential 15% Utilities & Public Amenities 94acres 27% 58
READY INFRASTRUCTURE & UTILITIES ➢ Provided & Dedicated To Northern Technocity Electricity Water Industrial Gas Telecommunication Main supply (11/33 kV) Quality as per WHO Underground pipelines Fibre optics: *Upon customer request (World Health Organization) from distribution plant 24/48 core lines @ Standards 120Mbps and above Features: • Reliable power quality • Underground distribution Capacity: Broadband/ Mobile system 2.0 MGD/ 9.5 MLD Service Provider • Guaranteed no interruption / downtime N.U.R Power Sdn Bhd Syarikat Air Darul Aman Gas Malaysia Berhad TM Berhad Sdn Bhd 59
MATURED INDUSTRIAL ECOSYSTEM ➢ Housing Established MNC and Local Companies Manufactures solar panel and integrated manufacturing of wafers, cells and modules First Solar manufacturing facility Key operations center for mobile modules and assembly of processor packaging. Sil Terra head quarters and manufacturing facility Infineon wafer fabrication facility Electronic manufacturing and R&D facility 60
NORTHERN TECHNOCITY ➢ Investment Value Proposition For Future Industrial Players 1 147 acres freehold industrial land and 61 acres freehold commercial land with ready infrastructure Direct Access to major expressway 2 ie. Butterworth-Kulim Expressway & North-South Expressway Surrounded by matured industrial ecosystem 3 ie. Kulim Hi-Tech Park 4 Seamless access to major infrastructure ie Penang Port and Penang International Airport 5 Support and facilitation from MMC Group’s companies in daily operation and investment matters 6 Attractive incentives from investment agencies ie. MIDA and NCER 61
For enquiries, kindly contact: Gan Seng Keong Head, Group Property 017-333 6098 gan@mmc.com.my Disclaimer - All information including but not limited designs, drawings, concepts, photos, images, brochures, perspectives, articles and plans (“Information”) are subject to change without prior notice and cannot form part of any offer or contract. NTC shall not be liable for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information. While every effort has been taken to provide accurate Information, NTC reserves the right to upgrade, modify, alter, suspend, discontinue or remove, whether in whole or in part. NTC makes no guarantee that the information provided (and includes any upgrade, updates and modifications) is accurate, correct, complete or up-to-date. This presentation is intended only for the use of the person(s) to whom it is addressed and may contain information that is confidential and privileged under applicable laws. If you are not the intended recipient(s), you are hereby notified that any use, review, dissemination, disclosure or copying of this presentation and the information it contains is prohibited. If you have received this presentation in error, please notify the sender by reply e-mail and discard all its contents immediately. Thank You 62
SENAI AIRPORT CITY ➢ Target Market & Industries 1 2 3 4 LOGISTICS / FAST-MOVING ELECTRICAL & REGIONAL GREEN TECHNOLOGY CONSUMER GOODS ELECTRONICS DISTRIBUTION CENTRE MANUFACTURER (FMCG) (RDC) 5 6 7 COMPANIES THAT NEED TO BE SUPPLY CHAIN OF CURRENT RELOCATED FROM OLD DEVELOPERS/ REITS INVESTOR & MANUFACTURERS INDUSTRIAL PARKS & EXPIRING INVESTORS IN SURROUNDING AREAS RENT / LEASE 63
TANJUNG BIN INDUSTRIAL PARK ➢ Target Market & Industries 1 2 3 4 DRY & LIQUID BULK LOGISTICS / COMMODITY TRADING AGROFOOD PROCESSING REGIONAL DISTRIBUTION STORAGE CENTRE (RDC) • Dry bulk commodities storage include iron • Wheat milling • • Trading Hub for Regional Distribution ore, coal, and grain. • Cocoa processing Centre (RDC) commodity • Minor bulks include • Food and beverage • Warehousing services products ie. sugar, steel products, sugars, ingredients • Integrated Logistics palm kernel and cement and etc. processing & Services palm oil, rice/ grain • Liquid product packaging • Cold Chain Facilities and etc. storage ie. palm oil, petroleum and etc 64
NORTHERN TECHNOCITY ➢ Target Industries 1 2 3 4 LOGISTICS / ELECTRICAL & REGIONAL GREEN TECHNOLOGY LIFE SCIENCE & ELECTRONICS DISTRIBUTION CENTRE MANUFACTURER PHARMACEUTICALS (RDC) 5 66 7 SUPPLY CHAIN OF CURRENT COMPANIES FROM OLD DEVELOPERS/ REITS INVESTOR & MANUFACTURERS INDUSTRIAL PARKS INVESTORS IN SURROUNDING AREAS 65
DISCLAIMER This presentation is not intended to form the basis of any investment decision with respect to MMC Corporation Berhad (MMC). Neither this presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This Presentation is solely based upon Information of MMC. No representation or warranty, express or implied, is or will be made by MMC in relation to, and no responsibility or liability is or will be accepted by MMC as to the accuracy and completeness of, the Information made available, and any liability therefore is expressly disclaimed. This Presentation contains “forward-looking statements”. Forward-looking statements by their nature involve known and unknown risks, uncertainties and other factors that are in many cases beyond MMC’s control. Although MMC believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to it, no assurances can be given that such expectations will prove to have been correct. Accordingly, you are cautioned not to place undue reliance on such forward-looking statements. In any event, these statements speak only as of their dates, and MMC undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise. This presentation and its contents are strictly confidential and must not be copied, reproduced, distributed, summarized, disclosed referred or passed on to others at any time without the prior written consent of MMC. M M C C O R P O R A T I O N B E R H A D P A G E 6 6
MMC CORPORATION BERHAD THANK YOU! +603 2071 1122 investor@mmc.com.my https://www.mmc.com.my/
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