Integrated Report 2023

Sime Darby Property’s Integrated Report 2023 has been prepared according to the principles of integrated reporting. It provides a balanced and accurate narrative about the Group’s financial and non-financial performance and prospects based on our strategy, taking into account the challenges posed by the operating environment and other key risks impacting the real estate industry.

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Key Highlights
Attractive Investment Proposition
Business Highlights
Sales Achievement of
RM0.0 billion
Exceeded Sales Target of RM2.7 billion
Delivery of Completed Units:
0 units
(2022: 1,855 units)
Number of Units Sold:
0 units
(2022: 3,332 units)
Ventured into
affordable homes segment through “Seed Homes”
with Lagenda Properties
Announced the implementation of
solar solutions for townships
in support of the National Energy Transition Roadmap
Sime Darby Property recognised as world’s best with gold and silver wins at the
FIABCI World Prix d’Excellence Awards 2023
Financial Highlights
Revenue
RM0.0 million
(2022: RM2,742.1 million)
Operating Profit
RM0.0 million
(2022: RM436.2 million)
Profit After Tax and Minority Interest
RM0.0 million
(2022: RM315.8 million)
Total Equity
RM0.0 million
(2022: RM9,644.8 million)
Gross Gearing Ratio
0.0%
(2022: 32.0%)
Net Gearing Ratio
0.0%
(2022: 21.8%)
Dividend Declared
RM0.0 million
0.0 Sen Per Share;
RM0.0% Payout Ratio
(FY2022: 2.0 sen per share; 43.1% payout ratio)
Profit Before Tax
RM0.0 million
(2022: RM458.9 million)
Cash Position
RM0.0 million
(2022: RM985.3 million)
Sime Darby Property’s Sukuk Musharakah Programme Accorded
AA+IS Rating
by MARC Ratings Berhad
Net Assets per Share Attributable to Owners of the Company
RM0.0
(2022: RM1.40)
Sustainability Highlights
A constituent of
MSCI ACWI SMALL CAP INDEX
and received
MSCI ESG RATING
of BBB
Announced Sime Darby Property’s pledge to achieve
Net Zero carbon emissions by 2050
0 hours
of learning and training recorded
Rated B
in the
CDP (Carbon Disclosure Project)
25 community programmes
and initiatives benefitting more than
0 people
0% female
Board members
0% women
representation in the workforce
0%
of
waste diverted
from landfill
0
Endangered, Rare & Threatened ("ERT") species of trees planted since 2011
0.0% reduction
from Total Operational Carbon Emissions compared to FY2022
Lost Time Injury Frequency Rate:
0.0%
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Message from Our
Chairman

The Group remained focused on creating sustained value and recorded its highest revenue and operating profit, since the 2017 demerger, of RM3.4 billion and RM606.4 million respectively.

DATO’ RIZAL RICKMAN RAMLI
Chairman
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Group Managing Director
Review

Our commendable results in 2023, while navigating numerous industry challenges, underscore the disciplined execution of our SHIFT25 strategy in translating our strategies and plans into actions and delivering results.

DATO’ AZMIR MERICAN
Group Managing Director
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Financial Performance
5-Year Financial Highlights
REVENUE(RM’ million)
PROFIT/(LOSS) BEFORE TAXATION(RM’ million)
PATAMI/(LATAMI)(RM’ million)
TOTAL EQUITY(RM’ million)
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Sustainability @ Sime Darby Property
Our EESG Framework

Central to our strategy is the economic pillar, where innovation acts as the main driver across all our operations.

This approach, underpinned by strong governance, enables us to be responsible and forward- thinking in our action, aligning with our broader environmental and social stewardship goals.

Addressing Our Material Matters
Economic
  • Innovation
  • Property Development
  • Investment and Asset Management
  • Land Bank Management
Environment
  • Climate Adaptation
  • Energy & Carbon Management
  • Urban Biodiversity
  • Water Management
  • Circularity
  • Community Experience
  • Occupational Health and Safety
  • Responsible Supply Chain Management
  • Marketing and Communication
  • Corporate Social Responsibility
  • Talent Management and Training Development
  • Diversity and Inclusion
Governance
  • Corporate Governance and Compliance
  • Data Privacy and Cybersecurity
Bursa common sustainability matters:
  • Labour Standards and Practices
  • Anti-Bribery and Corruption
OUR PATH TO NET ZERO BY 2050

We are committed to achieving Net Zero carbon emissions by 2050, aligning with the target of limiting global temperature rise to 1.5°C.

Our transformative Net Zero strategy tackles both Scope 1 and Scope 2 emissions. As a first step, we have set a bold target to achieve a 40% reduction in these emissions by 2030.

ALIGNING WITH THE GLOBAL AGENDA

By aligning with specific United Nations Sustainable Development Goals ("UN SDGs") relevant to our core business, we ensure our sustainability efforts drive measurable social and environmental impact.

We achieve this through the integration of these UN SDGs across all our operations, ensuring a holistic approach that delivers positive outcomes.

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51 st
Annual general meeting of Sime Darby property

Virtual meeting platform:

https://investor.boardroomlimited.com/

Monday, 20 May 2024 10:00 a.m.
Downloads
Integrated Report 2023

Provides a comprehensive overview of the Group’s financial and non-financial performance for 2023, as well as prospects based on our strategy.

Full Integrated Report Financial Statements Notice of the 51st AGM Proxy Form Administrative Details for the 51st AGM

Click here to our corporate website.

Sustainability Report 2023

Provides a comprehensive overview of the Group’s sustainability performance and initiatives for 2023.

Full Sustainability Report
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