Tropicana Corporation Berhad Annual Report 2019

1992 1979 Tropicana Group was incorporated and has since become one of the fastest growing property developers in Malaysia 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 2009 1996 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 Company assets increased more than two-fold from RM2.5 billion in 2011 to RM6.0 billion in 2015 Possessed a landbank size of more than 1,600 acres with a 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 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 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 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 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 2015 2016 2017 Significant Milestones Tropicana Corporation Berhad Annual Report 2019 About Tropicana Our Strategic Performance Our Leadership pg 6