S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — Q1 2026 Earnings Presentation
29 slides from S P Setia Bhd's earnings presentation, May 20, 2026
Slide 1: Q1 2026 Financial Results & Group Update
S P SETIA BERHAD Q1 2026 Financial Results & Group Update 20 May 2026 1 BUILDING TRUST, SHAPING TOMORROW
Slide 2: Q1 2026 Key Financial Highlight
Q1 2026 KEY FINANCIAL HIGHLIGHT SALES REVENUE P BT RM 555 mil RM 826 mil RM 108 mil (Q1’25 : RM718 mil) (Q1’25 : RM771 mil) (Q1’25 : RM141 mil) PAT BORROWINGS NET GEARING RM 58 mil RM 7.9 bil 0.31x (Q1’25 : RM89 mil) (Dec ’25 : RM8.0 bil) (Dec’25: 0.33x) 2
Slide 3: Agenda
1 Q1 2026 FINANCIAL RESULTS 2 LAND BANKS 3 MOVING FORWARD IN 2026 4 UDPATES ON BATTERSEA POWER STATION 5 SETIA STRATEGIC DIRECTION 3
Slide 4: Q1 2026 Financial Results
1 Q1 2026 FINANCIAL RESULTS 2 LAND BANKS 3 MOVING FORWARD IN 2026 4 UDPATES ON BATTERSEA POWER STATION 5 SETIA STRATEGIC DIRECTION 4
Slide 5: Q1 2026 Core Development Maintained, Consistent Gearing Improvement
Q1 2026 CORE DEVELOPMENT MAINTAINED, CONSISTENT GEARING IMPROVEMENT SALES REVENUE Sales Unbilled Sales • Sales: Lower land sales 850 826 4,251 & modest development Revenue in Q1’26 increased QoQ, 718 3,718 sales momentum in 800 771 7% 14% driven by local property development -29% 555 RM’mil Q1’26 an
Slide 6: Q1 2026 Sales Performance
Q1 2026 SALES PERFORMANCE Maintain property development contribution as per Q1 2025, reflecting a disciplined execution. Sales (RM'mil) Unbilled Sales (RM'mil) Sales Breakdown by Geography (RM'mil) 718 55 4,215 9 134 555 3,245 7 Sales Q1 2026 584 548 174 RM 555 mil 317 970 Q1'25 Q1'26 Q1'26 Property
Slide 7: Q1 2026 Unbilled Sales
Q1 2026 UNBILLED SALES Providing Property Development Q1 2026 revenue visibility in the short to medium term. 963 Unbilled Sales Central 7 Southern 103 RM 4,215 mil Northern Q1 2025 as at 31 March 2026 Vietnam Australia +12% 483 2,659 Q1’25 vs Q1’26 Unbilled Sales RM 3,754 mil as at 31 March 2025 +1
Slide 8: Q1 2026 Revenue Performance
Q1 2026 REVENUE PERFORMANCE • Land sales revenue increased by ~RM130 mil QoQ, mainly from Alam Damai and PG Resorts. • Development revenue was lower by RM70 mil QoQ, primarily due to slower site progress and soft demand in Central and Northern region during double festive seasons in early 2026, alon
Slide 9: Q1 2026 PBT Performance & Gearing
Q1 2026 PBT PERFORMANCE & GEARING PROFIT BEFORE TAX (RM’mil) GEARING ▪ Stable property development contribution over the period, ▪ Total debt reduction (past 5 years to-date): ~RM5 bil since with margin improvement observed in Q1’26, partially offset peak 2021 level. by lower land sales contribution
Slide 10: Land Banks
1 Q1 2026 FINANCIAL RESULTS 2 LAND BANKS 3 MOVING FORWARD IN 2026 4 UDPATES ON BATTERSEA POWER STATION 5 SETIA STRATEGIC DIRECTION 10
Slide 11: Land Banks
LAND BANKS We have 4,264 acres of remaining land banks with a total gross GDV of RM88 bil as at 31 March 2026: Eastern International 44 acres 48 acres (GDV:44RM2 bil) (GDV: 48 RM15 bil) Northern 42 1,182 acres1,182 4,264 On-going (GDV: RM12 bil) acres Projects Central RM 88 bil 2,278 2,278 acres GDV
Slide 12: Moving Forward in 2026
1 Q1 2026 FINANCIAL RESULTS 2 LAND BANKS 3 MOVING FORWARD IN 2026 4 UDPATES ON BATTERSEA POWER STATION 5 SETIA STRATEGIC DIRECTION 12
Slide 13: Strategic House: Shifting to Integrated Real Estate Player
STRATEGIC HOUSE SHIFTING FROM TRADITIONAL OWNER-DEVELOPER TO INTEGRATED REAL ESTATE PLAYER TO ACHIEVE SUSTAINABLE & CONSISTENT PROFIT GROWTH SHIFTING FROM TRADITIONAL OWNER-DEVELOPER TO INTEGRATED REAL ESTATE PLAYER PROPERTY DEVELOPMENT PROPERTY DEVELOPMENT POTENTIAL REIT & OTHER INDUSTRIAL 1 MALAYS
Slide 14: 2026 Project Launches
2026 PROJECT LAUNCHES Total 46 Planned Project Launched as of Remaining Launches Launches FY2026 15 May 2026 FY2026 International 11 PROJECTS 35 PROJECTS 25% Central worth RM900 mil worth RM4.4 bil 41% RM 5.3bil Residential Residential GDV 8 Projects @ GDV RM743 mil 12% 26 Projects @ GDV RM3.36 bil
Slide 15: Projects Launched - Highlights
PROJECTS LAUNCHED - HIGHLIGHTS PILLAR 1 : PROPERTY DEVELOPMENT MALAYSIA Setia Alaman Project Branch Setia Eco Templer Setia Tropika Taman Rinting Taman Pelangi Indah Setia Eco Garden 15
Slide 16: Upcoming Projects – Joint Venture
UPCOMING PROJECTS – JOINT VENTURE PILLAR 1 : PROPERTY DEVELOPMENT MALAYSIA Bukit Beruntung • Industrial / Commercial • ~500 acres • GDV: RM1.18 bil Shah Alam • Mixed Development • ~200 acres • GDV: RM1.9 bil Kuala Lumpur • Commercial • ~30 acres • GDV: RM3.10 bil Kota Sri Langat • Commercial / Indus
Slide 17: Upcoming Projects – International (Australia)
UPCOMING PROJECTS PILLAR 2 : PROPERTY DEVELOPMENT INTERNATIONAL (AUSTRALIA) Atlas, Melbourne Carlton Land, Melbourne St Leonards, Sydney ▪ Located in the sought-after vibrant & thriving ▪ Product: 3 towers (student accommodation & ▪ Setia’s first residential project in Sydney, with inner Melbourne C
Slide 18: Upcoming Projects – International (Vietnam)
UPCOMING PROJECTS PILLAR 2 : PROPERTY DEVELOPMENT INTERNATIONAL (VIETNAM) Setia Edenia, EcoXuan The Glamour, EcoLakes Valley of Dreams II, EcoLakes ▪ Award-winning high-end apartment ▪ Award winning premium residential ▪ Award-winning low-rise development, development comprising 3 towers (865 develo
Slide 19: Upcoming Projects – Vietnam (cont'd)
UPCOMING PROJECTS PILLAR 2 : PROPERTY DEVELOPMENT INTERNATIONAL (VIETNAM) (cont’d) ▪ Executed 2 MOUs on 7 May 2026 to jointly develop with Becamex IDC to develop the following: Cay Truong Industrial Park Bau Bang 5F Residential Township ▪ Large-scale industrial development spanning 148 hectares in t
Slide 20: Upcoming Projects – Industrial
UPCOMING PROJECTS PILLAR 3 : INDUSTRIAL Setia Alaman Industrial Park, Klang Setia Fontaines, Penang • Phase 1 (2023 & 2024 sales): Title secured. Revenue recognition • Finalisation of overall development strategy with ARUP. remains on track for Q2 2026. • Target launch: June 2026. • Phase 2 (2025 sa
Slide 21: Development Strategy for Setia Fontaines Industrial
UPCOMING PROJECTS PILLAR 3 : INDUSTRIAL – SETIA FONTAINES i. Development Strategy for Setia Fontaines Industrial 21
Slide 22: The Path to Market Distinction for Setia Fontaines
UPCOMING PROJECTS PILLAR 3 : INDUSTRIAL – SETIA FONTAINES (cont’d) ii. The Path to Market Distinction for Setia Fontaines Industrial 22
Slide 23: Updates on Battersea Power Station
1 Q1 2026 FINANCIAL RESULTS 2 LAND BANKS 3 MOVING FORWARD IN 2026 4 UDPATES ON BATTERSEA POWER STATION 5 SETIA STRATEGIC DIRECTION 23
Slide 24: Update on Battersea Power Station
UNITED KINGDOM UPDATE ON BATTERSEA POWER STATION PHASE 3C : FUTURE DEVELOPMENT KEY STRATEGY • Phase 3C development : work on site to commence in Q3’26. • Phase 5: contractor review in progress • Heavy lifting done, 50% remaining land will unlock future values. Visitor engagement & leasing gained mom
Slide 25: Setia Strategic Direction
1 Q1 2026 FINANCIAL RESULTS 2 LAND BANKS 3 MOVING FORWARD IN 2026 4 UDPATES ON BATTERSEA POWER STATION 5 SETIA STRATEGIC DIRECTION 25
Slide 26: Setia – An Integrated Real Estate Player
SETIA – AN INTEGRATED REAL ESTATE PLAYER ~ 80% STRATEGIC LAND BANKS ~20% 4,264* acres *Landbank as at 31 March 2026 Property Development Industrial Investment Properties Malaysia & International Income from Development Sales Stable Recurring Income • Residential / Township Industrial-Focused Potenti
Slide 27: Integrated Real Estate Player Driving Sustainable Profit Growth
SETIA AS AN INTEGRATED REAL ESTATE PLAYER DRIVING SUSTAINABLE & CONSISTENT PROFIT GROWTH ≥ 5 years 3 to 4 years 1 to 2 years LONG TERM MEDIUM TERM (Optimize the Integrated Model) SHORT TERM (Diversify for Balance) (Solidify the Core & Build Momentum) i. Maintain Property Development as a strong i. P
Slide 28: Thank You
Thank You 12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor, Malaysia [email protected] +603 5021 2525
Slide 29: Disclaimer
Disclaimer This presentation contains certain statements which are forward-looking in nature, which are subject to uncertainties and contingencies. Forward-looking statements may contain estimates and assumptions made by Setia’s Management after due inquiry, which are nevertheless subject to known a