S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — Q2 2026 Earnings Presentation
40 slides from S P Setia Bhd's earnings presentation, Aug 19, 2026
Slide 1: Q2 2026 Financial Results & Group Update
S P SETIA BERHAD Q2 2026 Financial Results & Group Update 19 August 2026 1 BUILDING TRUST, SHAPING TOMORROW
Slide 2: Q2 2026 Key Financial Highlight
Q2 2026 KEY FINANCIAL HIGHLIGHT Our results this quarter reflects improving earnings quality and continued financial discipline, with stable profitability and a stronger balance sheet; positioning the Group well for 2H 2026 execution. SALES REVENUE P BT RM 864 mil RM 822 mil RM 191 mil (Q2’25 : RM1,
Slide 3: Financial Highlights: Moving Beyond Land Sales
FINANCIAL HIGHLIGHTS MOVING BEYOND LAND SALES , PROPERTY DEVELOPMENT GAINING MOMENTUM Residential market conditions remain Q2 2026 ACHIEVEMENTS SALES PERFORMANCE (% & RM’mil) challenging despite supportive macro fundamentals Property Development (Malaysia) Project Launches. As of 7 August 2026, 19 p
Slide 4: P&L Performance and Borrowing & Net Gearing
FINANCIAL HIGHLIGHTS MOVING BEYOND LAND SALES , PROPERTY DEVELOPMENT GAINING MOMENTUM P&L PERFORMANCE (RM’mil) BORROWING (RM’bil) & NET GEARING RATIO GP margin: 39% 943 14.0 0.61 0.65 0.57 822 12.0 0.49 0.55 10.0 0.45 0.35 0.33 0.31 8.0 0.35 393 6.0 0.25 321 4.0 0.15 2.0 0.05 12.6 11.4 10.1 8.6 8.0
Slide 5: Agenda
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 6: Q2 2026 Sales Performance
Q2 2026 SALES PERFORMANCE Land monetisation progressed at a more measured pace relative to the strong performance recorded last year, with conversion timelines extending in line with market conditions Sales (RM'mil) Unbilled Sales (RM'mil) Sales Breakdown by Geography (RM'mil) 80 3,975 8 1,186 101 2
Slide 7: Q2 2026 Unbilled Sales
Q2 2026 UNBILLED SALES Unbilled sales remained resilient at RM3.98 bil, slightly higher than RM3.95 bil Q2 2026 in Q2 2025, underscoring the Group's sustained sales replenishment and 995 future revenue pipeline. Central Southern Unbilled Sales Northern 7 96 RM 3,975 mil Vietnam Australia Q2 2025 as
Slide 8: Q2 2026 Revenue Performance
Q2 2026 REVENUE PERFORMANCE • YTD Revenue of RM1.65 billion was supported by the Group's core development activities. The Southern region continued to outperform, benefiting from favourable market dynamics and execution momentum. • The Central region's performance reflected strategic launches sequen
Slide 9: Q2 2026 PBT Performance & Gearing
Q2 2026 PBT PERFORMANCE & GEARING PROFIT BEFORE TAX (RM’mil) GEARING ▪ Q2 2026 Property Development PBT rose 55% to RM260mil. ▪ Ongoing deleveraging efforts and healthy liquidity position Gross profit margin improved to 34% (Q2 FY2025: 31%), provide financial flexibility to support future growth whi
Slide 10: Agenda: Land Banks & Projects Launches
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 11: Land Banks
LAND BANKS We have 4,050 acres of remaining land banks with a total gross GDV of RM88.06 bil as at 30 June 2026: Eastern International 44 acres 48 acres (GDV: RM2.05 44 bil) (GDV: RM15.32 bil) 48 Northern 42 1,182 acres1,182 4,050 On-going (GDV: RM12.43 bil) acres Projects Central RM 88.06 bil 2,084
Slide 12: 2026 Project Launches
2026 PROJECT LAUNCHES Total 35 Planned Projects Launched as Remaining Launches RM4.6 bil Launches FY2026 of 7th Aug 2026 FY2026 FY2026 International 30% Central 35% 19 PROJECTS worth RM1.68 bil 16 PROJECTS Sales target worth RM2.75 bil RM 4.4bil Maintained GDV ▪ FY2026 sales target Launching the rig
Slide 13: Agenda: Strategic Pillars Updates
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 14: Strategic House: 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 15: Landbank Overview & Potential JV Collaboration
LANDBANK OVERVIEW & POTENTIAL JV COLLABORATION BY REGION AS OF 30 JUNE 2026 4,050 acres STRATEGIC LAND BANKS EASTERN 44 acres NORTHERN 1,182 acres Bukit Beruntung • Industrial / Commercial Seksyen U10 , Shah Alam • Mixed Development CENTRAL Kota Semarak 2,084 acres • Residential Bandar Enstek • Indu
Slide 16: Agenda: Strategic Pillars Updates
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 17: Highlights: Launched Projects Q2 2026
HIGHLIGHTS: LAUNCHED PROJECTS Q2 2026 PILLAR 1 : PROPERTY DEVELOPMENT MALAYSIA Sapphire Élan, Property South Palmwood 4, Property South Location: Setia Tropika Location: Taman Pelangi Indah Product: 27# Double Storey Bungalow Product: 77# Double Storey Terrace Home Land Size: Land Size: 24’x80’ / 85
Slide 18: Highlights: Upcoming Launches 2H 2026
HIGHLIGHTS: UPCOMING LAUNCHES 2H 2026 PILLAR 1 : PROPERTY DEVELOPMENT MALAYSIA (cont’d) Kingfisher Prestige, Setia Eco Park , Property Central Parkhome Residences, Setia Ecohill 2, Property Central Location: Setia Eco Park Precinct Duta Location: Setia Ecohill 2 Product: 2 Storey Bungalow Product: L
Slide 19: Highlights: Upcoming Launches 2H 2026 (cont'd)
HIGHLIGHTS: UPCOMING LAUNCHES 2H 2026 PILLAR 1 : PROPERTY DEVELOPMENT MALAYSIA (cont’d) Artesia, Setia Eco Cascadia, Property South Product Name: Braydon Product Name: Graydon Product: 76# Double Storey Cluster Product: 12# Double Storey Semi-Detached Land Size: 32’ x 70’ Land Size: 52’ x 70’ Build-
Slide 20: Agenda: Strategic Pillars Updates
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 21: Upcoming Projects - Australia
UPCOMING PROJECTS - AUSTRALIA 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, inner Melb
Slide 22: Upcoming Projects - Vietnam
UPCOMING PROJECTS - VIETNAM PILLAR 2 : PROPERTY DEVELOPMENT INTERNATIONAL (VIETNAM) Current EcoLakes (40km to TSN International Airport) EcoLakes Ho Chi Minh City (New) EcoXuan GDV : USD207.9mil / USD1.3bn Tan Son Current EcoXuan (16km to TSN International Airport) Nhat International Airport GDV : U
Slide 23: Setia Edenia Construction Progress
SETIA EDENIA CONSTRUCTION PROGRESS
Slide 24: Agenda: Strategic Pillars Updates
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 25: Upcoming Projects: Industrial
UPCOMING PROJECTS PILLAR 3 : INDUSTRIAL Setia Alaman Industrial Park, Klang Setia Fontaines, Penang Industrial - Setia Ecohill 2 Location: Setia Ecohill 2 • Phase 1 (2023 & 2024 sales): Title • Overall development strategy finalised Product: Industrial secured. Revenue recognition remains on • Sales
Slide 26: Industrial Development Updates: Setia Alaman
INDUSTRIAL DEVELOPMENT UPDATES PILLAR 3 : INDUSTRIAL – SETIA ALAMAN (399 ACRES, GDV RM2.4 billion) Industrial Commercial Total GDV GDV GDV (RM’mil) (RM’mil) (RM’mil) Sold / 965 100 1,066 Launched Booked 114 - 114 Remaining 376 825 1,200 1,455 925 2,380 26
Slide 27: Setia Fontaines Industrial Park Investor Updates
SETIA FONTAINES INDUSTRIAL PARK INVESTOR UPDATES 509-acre industrial hub | Four strategic demand clusters | Flexible, phased land products | August 2026
Slide 28: Setia Fontaines Industrial Park Highlights
20 June 2026: Groundbreaking ceremony by Prime Minister Setia Fontaines Industrial Park highlights Nationally-Endorsed Industrial Growth Platform ▪ Official commencement of 509-acre industrial park within the 1,691-acre freehold Setia Fontaines township, offering light-industrial, medium-industrial
Slide 29: Setia Fontaines Industrial Park: The Investment Proposition
Setia Fontaines Industrial Park: The Investment Proposition An integrated Northern Penang platform combining scale, access, talent catchment and calibrated land optionality. 1,691Acres 509 4 Acres demand-led integrated flagship industrial hub strategic clusters township Production-ready, Eco Industr
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Slide 31: Agenda: Strategic Pillars Updates
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 32: Strategic Pillar Update: Potential REIT/Recurring Income
STRATEGIC PILLAR UPDATE PILLAR 4 : POTENTIAL REIT/RECURRING INCOME Setia assets due diligence completed. JV assets due diligence is at final stage. Target listing date in 2027. THE PORTFOLIO THE RETURNS THE TARGET THE PIPELINE (upon IPO) (for IPO) Diversified REIT Yielding assets for In 2027 Student
Slide 33: Potential Asset Pipeline
POTENTIAL ASSET PIPELINE A diversified retail and office REIT valued at ~RM2.8 billion, backed by a potential asset pipeline. Initial injection assets Pipeline assets Student Retails Lotus’s Setia Tropika Sutera Mall Setia City Mall Setia Corporate HQ Accommodation within Setia’s PBSA Melbourne Prop
Slide 34: Agenda: Moving Forward
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 35: Moving Forward: What to Expect in 2H 2026
MOVING FORWARD WHAT TO EXPECT IN 2H 2026 Near-term sales timing factors are expected to normalise in 2H 2026, underpinned by launch conversions, Vietnam contributions and a growing industrial pipeline - while maintaining the RM4.6 billion sales target without reliance on land monetisation. ▪ RM4.6 b
Slide 36: United Kingdom: Update on Battersea Power Station
UNITED KINGDOM UPDATE ON BATTERSEA POWER STATION Completed Inventory (unit) YTD Sales Performance as at 31 July 2026 Project Completed Reserved SPA Signed Balance Sales Phase 2 (Jewel) 1 - - 2 Phase 3A (KOA) 6 20 2 6 Total 7 20 2 8 Phase 3C updates: • Construction commenced in June’26 • Ground-break
Slide 37: Agenda: Setia Strategic Roadmap
1 Q2 2026 FINANCIAL RESULTS 2 LAND BANKS & PROJECTS LAUNCHES STRATEGIC PILLARS UPDATES: 3 (i) Property Development - Malaysia (ii) Property Development - International (iii) Industrial (iv) Potential REIT/Recurring income 4 MOVING FORWARD: WHAT TO EXPECT IN 2H 2026 5 SETIA STRATEGIC ROADMAP - Creati
Slide 38: Setia – An Integrated Real Estate Player
SETIA – AN INTEGRATED REAL ESTATE PLAYER ~ 80% STRATEGIC LAND BANKS ~20% 4,050* acres *Landbank as at 30 June 2026 Property Development Industrial Investment Properties Malaysia & International Income from Development Sales Stable Recurring Income • Residential / Township Industrial-Focused Potentia
Slide 39: Thank You
Thank You 12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor, Malaysia [email protected] +603 5021 2525
Slide 40: 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