Tropicana Corporation Berhad Annual Report 2020

ANNUAL REPORT 2020 PERFORMANCE REVIEW TROPICANA CORPORATION BERHAD 2020 2019 RM ’ 000 RM ’ 000 Value Added Total turnover 1,062,571 1,135,843 Purchases of goods and services (456,365) (499,654) Value Added by the Group 606,206 636,189 Share of results of an associate 6,046 819 Share of results of joint ventures (1,168) 11,258 Total Value Added 611,084 648,266 Reconciliation : Profit attributable to owners of the parent 91,307 320,759 Add : Depreciation and amortisation 34,890 37,045 Finance costs 164,287 75,850 Salaries and other staff costs 173,503 167,897 Corporate taxation 91,847 28,139 Holders of perpetual bond 17,361 4,661 Non-controlling interests 37,889 13,915 Total Value Added 611,084 648,266 VALUE DISTRIBUTED Employees Salaries and other staff costs 173,503 167,897 Government Corporate taxation 91,847 28,139 Providers of capital Dividends 53,829 78,134 Finance costs 164,287 75,850 Holders of perpetual bond 17,361 4,661 Non-controlling interests 37,889 13,915 Reinvestment and growth Depreciation and amortisation 34,890 37,045 Income retained by the Group 37,478 242,625 Total Distributed 611,084 648,266 VALUE ADDED STATEMENT INVESTOR RELATIONS Malaysia’s momentum in economic recovery in 2020 was affected by the resurgence in COVID-19 cases during the last quarter of 2020 and the re-introduction by the Malaysian government on the targeted containment measures and also the movement control order throughout the country. However, as most economic sectors have been allowed to continue to operate, subject to strict standard operating procedures, the impact is unlikely to be as severe as the containment measures during the first quarter of 2020. Guided by our unique strategy, we are covering several property sub-segments by launching a variety of products to cater to the different needs of house buyers and property investors at strategic locations, instead of focusing on a single market segment or a single category of customers. In the effort of driving sales for the on-going projects, Tropicana has launched the Tropicana 100 campaign from 20 January 2021 to 30 June 2021. The campaign offers 100% returns on booking fees, interest- free flexibility, legal fees borne, furnishing, financing as well as additional referral rewards. Tropicana has subsequently in April 2021, also launched the Tropicana FreeDOM campaign for some of the completed projects, that offers savings on move-in-ready units. It allows buyers to enjoy zero down payment, up to 50% rebates, 100% financing with Maybank Islamic’s HouzKEY programme, 2% referral rewards for the customers by introducing the properties to their family and friends, as well as free maintenance of up to 10 years. The financial period under review is a twelve month period which ended on 31 December 2020. Throughout the financial year, we remained committed to disseminate the complete, transparent and timely information to the market about its financial performance, business operation and prospects. At Tropicana, we value the relationships we have with our stakeholders. We strike to provide latest updated information on the Company to the stakeholders. The Tropicana corporate website at www.tropicanacorp.com.my serves as a platform for key qualitative and quantitative information on Tropicana. Due to stricter containment measures by the government, the Group’s 41 st Annual General Meeting was held on a fully virtual basis on 9 September 2020 where it served as a platform to share updates as well as to address any concerns from our shareholders. The Tropicana IR team also maintains the Group’s IR page on the corporate website for easy data dissemination as well as an avenue to engage with shareholders and stakeholders on a regular basis. This site encompasses the Group’s annual reports, quarterly financial results, Bursa Malaysia announcements and share information. This is to ensure that the general public would have easy access to the Group’s financial information through this site which enables them to make a fair, balanced and informed assessment on the Group’s position and prospects. Tropicana is a member of the Malaysian Investor Relations Association (MIRA) that keeps us updated on the current industry best practices and at the same time, maintain relationships with the community. Contact Our IR Team Analysts, current and potential investors who have any questions or would like to provide feedback on the Company are encouraged to contact our IR Team: Email: ir@tropicanacorp.com.my Tel: +603 7663 6888 Fax: +603 7663 6688 072 073 Tropicana Gardens Mall