Tropicana Corporation Berhad Annual Report 2017

ABOUT TROPICANA ABOUT TROPICANA > SEC 1 < SEC 2 • SEC 3 • SEC 4 • SEC 5 • SEC 6 > SEC 1 < SEC 2 • SEC 3 • SEC 4 • SEC 5 • SEC 6 6 7 TROPICANA CORPORATION BERHAD / Annual Report 2017 TROPICANA CORPORATION BERHAD / Annual Report 2017 SIGNIFICANT MILESTONES SIGNIFICANT MILESTONES Achieved record revenue of RM1.48 billion and record sales of RM2.16 billion Changed its corporate name from Dijaya Corporation Berhad to Tropicana Corporation Berhad Officially launched Tropicana Metropark in Subang Jaya and conducted the signing ceremony to build the direct flyover from Tropicana Metropark to the Federal Highway Entered into a strategic partnership with Marriot International to develop Courtyard by Marriot, the first Courtyard Hotel in Malaysia Won seven prestigious awards for projects and its continuous efforts as a community builder in Malaysia Ground breaking ceremony of Penang WorldCity by Tropicana and Ivory Properties Group Berhad 2013 2014 Entered into a joint-venture with HK-listed Agile Property Holdings Ltd to develop Jalan Bukit Bintang land 1992 Listed on the Main Market of Bursa Malaysia Securities Berhad Pioneered the resort-themed development concept in Malaysia with the introduction of its 624-acre Tropicana Golf & Country Resort (“TGCR”) which houses a 380,000 square feet award-winning clubhouse 1995 TGCR won the Best Leisure Development in Malaysia by FIABCI Malaysia Chapter Developed the 409-acre Tropicana Indah Resort Homes Built its first integrated development, Sri Desa condominium with shop offices in Taman Desa Unveiled its first commercial development, Damansara Intan e-Business Park in Petaling Jaya Won multiple awards and accolades for its outstanding developments across TGCR and Tropicana Indah townships Unveiled the nine-acre Tropicana City integrated development encompassing Tropicana City Mall, Tropicana City Office Tower and Tropics Serviced Apartments 1996 - 2009 Achieved record revenue of RM1.97 billion and unbilled sales of RM2.7 billion Ground breaking ceremony of St. Joseph’s Institution International School Malaysia (“SJIIM”) (Tropicana PJ Campus), Tropicana’s first education project 2016 Entered into a sales and purchase agreement with Tiarn Oversea Group Sdn Bhd to dispose its land in Pulai, Johor Bahru for RM569.8 million Tropicana’s Founder and Advisor, Tan Sri Dato’ Tan Chee Sing was recognised as the FIABCI Property Man of the Year at the FIABCI Malaysian Chapter Property Awards 2016 Honoured with various property awards such as BCI Top 10 Developers’ Award 2016, Pioneer Development Award at The Edge Property Excellence Awards 2016, Best Mixed-development Award at the iProperty.com People’s Choice Award 2016 and Asia Pacific Property Awards 2016 2017 Made good progress on its strategic transformation roadmap, reducing its net gearing ratio from 0.55x in 2013 to 0.27x in 2017 Introduced the Tropicana Urban Homes concept that is targeted towards the middle-income community, namely first-time home buyers and new families 2017 Won a string of property awards and recognitions at various awards ceremonies. Amongst others, Tropicana was honoured as one of the Top Ten Property Developer at The Edge Property Excellence Award 2017 Tropicana’s Founder and Advisor, Tan Sri Dato’ Tan Chee Sing was honoured with the Malaysian Fujian Outstanding Entrepreneur Award 2012 Conducted the Tropicana amalgamation exercise to consolidate all property development and investment activities into the Tropicana Group Officially launched Phase 1 of Tropicana Gardens and sold out within two days 2010 First entry into Johor to build a 37-acre mixed-use development known as Tropicana Danga Bay, a joint-venture project with Iskandar Waterfront Sdn Bhd 2011 Achieved a five-fold increase in Company assets from RM500 million to RM2.5 billion, with unbilled sales in excess of RM500 million Entered into an agreement with Starwood Hotels & Resorts Worldwide to build the first five-star W Hotel within Kuala Lumpur City Centre Entered into a joint-venture (“JV”) agreement with Ivory Properties Group Berhad to develop mixed residential and commercial properties in Bayan Mutiara, Penang Acquired 227 acres of freehold land in Iskandar Malaysia to build a mixed-use development known as Tropicana Danga Cove Unveiled its first property membership card in Malaysia known as the Tropicana Privilege Card Incorporated Tropicana Foundation, a charity organisation dedicated to improve the lives of under-privileged communities 2016 Tropicana Foundation donated RM1.5 million to SJIIM International Baccalaureate Entered into an agreement with Kenanga Investment Bank to sell Dijaya Plaza tower for RM140 million Won 17 prestigious awards for its projects and continuous efforts as a community builder in Malaysia Tan Sri Dato’ Tan Chee Sing was honoured for his outstanding achievements in the property industry by Tatler Malaysia, Asia Pacific Entrepreneur Awards and the Chinese Chamber of Commerce & Industry of Kuala Lumpur and Selangor 2014 2015 Company assets increased more than two-fold from RM2.5 billion in 2011 to RM6.0 billion in 2015 Possessed a land bank size of more than 1,600 acres with an Gross Development Value (“GDV”) of more than RM50 billion Achieved total sales of RM1.55 billion, with record high unbilled sales of RM3.13 billion Entered into an agreement with GEMS Education to develop a school campus at Tropicana Metropark in Subang Jaya Entered into an agreement with Tenby Schools to develop an international school campus at Tropicana Aman in Kota Kemuning Continued to win prestigious property awards, namely the BCI Asia Top 10 Developers’ Award, Highest Profit Growth Company by The Edge Billion Ringgit Club Award 2015 and Asia Pacific Property Awards 2015 Tropicana Group was incorporated and has since become one of the fastest growing property developers in Malaysia 1979 TROPICANA CORPORATION BERHAD Annual Report 2017 ABOUT TROPICANA STRATEGIC PERFORMANCE LEADERSHIP SUSTAINABILITY GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION