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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.
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CONTENTS
Corporate Introduction
Financial Highlights
Port Expansion Projects
Diversification Into Property
Other Businesses of The Group
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CORPORATE INTRODUCTION
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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
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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
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Corporate Structure
“Port Operations”“Contract & Engineering, Ferry Terminal Operation”
“Investment Holding and Property
Development”
“Equipment Supply & Maintenance”
“Bunkering & Logistics Services”
100% 100%
100%100%
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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
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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
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State Government of Sabah as Major Shareholder
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Dividend Payout Policy
•25% of net profitYear 2006
•35% of net profitYear 2011
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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
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EXCLUSIVE PORT CONCESSIONAIRE IN SABAH THROUGH
PRIVATISATION EXERCISE IN 2004
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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
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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
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FINANCIAL HIGHLIGHTS
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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)
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• 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
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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)
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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
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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
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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
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Group’s Performance 5-Year Financial Highlights
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SEGMENTAL PERFORMANCE
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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)
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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
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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%
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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
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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)
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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
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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
)
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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
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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
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
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97
19
98
19
99
20
00
20
01
20
02
20
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20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
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% 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
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
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20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
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PORT EXPANSION PROJECTS
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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
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DEVELOPMENT OF SAPANGAR BAY
INTEGRATED PORT (SBIP)
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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)
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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
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SAPANGAR BAY INTEGRATED TERMINAL1. SAPANGAR BAY CONTAINER PORT
2. SAPANGAR BAY CONVENTIONAL CARGO TERMINAL
3. SAPANGAR BAY OIL TERMINAL
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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
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Sapangar Bay Container Port as a Transhipment Hub of the East
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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
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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
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Game Changer –Direct International Connectivity
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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
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SBCP Expansion – Proposed Layout
5 BERTHS15 METERS DRAFT60K DWT DISPLACEMENT1.25 MILLION TEUS THROUGHPUT
FUTURE DEVELOPMENT
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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
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SAPANGAR BAY INTEGRATED TERMINAL
1. SAPANGAR BAY CONTAINER PORT
2. SAPANGAR BAY CONVENTIONAL CARGO TERMINAL
3. SAPANGAR BAY OIL TERMINAL
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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
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The Proposed Relocation
Kota Kinabalu Port General Cargo Operation
Sapangar Bay Conventional Cargo Terminal
20 km away
-
Sapangar Bay Conventional Cargo Terminal
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
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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
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Sapangar Bay Conventional Cargo Terminal
SBCCT
o Total berth length 700 m
o Total land size 26 acres
o Dredge depth – 12m CD
o Berth Alignment -Straight FUTURE DEVELOPMENT
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SAPANGAR BAY INTEGRATED TERMINAL
1. SAPANGAR BAY CONTAINER PORT
2. SAPANGAR BAY CONVENTIONAL CARGO TERMINAL
3. SAPANGAR BAY OIL TERMINAL
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VESSEL/CARGO THROUGHPUT
YEAR VESSEL CARGO-LIQUID BULK (WHARF)
2016 274 1,121,170
2017 267 1,118,513
2018 334 1,154,417
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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
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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)
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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
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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)
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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
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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)
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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.
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Port Name Kota Kinabalu PortPort Location Kota Kinabalu, Sabah, MalaysiaGPS Coordinates 5.992729, 116.079846
Kota Kinabalu Port
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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)
-
Progress Update of JQC (as at 31st May 2019)
-
Progress Update of JQC (as at 31st May 2019)
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Progress Update of JQC (as at 31st May 2019)
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ONE JESSELTONWATERFRONT
Development land size: 7 acresMinimum NSV: RM1.1 billionDevelopment period: 3-6 yearsConstruction commencement: 2020
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Development of the Remaining 7 acres of Commercial Land at KK Port
7 acres
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• 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
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ONE JESSELTON WATERFRONTKOTA KINABALU, SABAH
DESIGN ARCHITECT ARCHITECT
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ONE JESSELTON WATERFRONTKOTA KINABALU, SABAH
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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
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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
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INTERNATIONAL CRUISE TERMINAL
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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)
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• 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
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MMaster Plan OverviewCreation of a New Regional City Focus
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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
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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)