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Tanjong PLC - Investor Kit
Tanjong PLC - Investor Kit
Tanjong PLC - Investor Kit
www.tanjongplc.com
TANJONG
Contents Index public limited company
Group Overview
Corporate Structure
Core Businesses
Power Generation
Gaming
Leisure
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TANJONG
Group Overview Corporate Structure public limited company
TANJONG PLC
100%
Tanjong Power PMP Sdn Bhd Tanjong Entertainment Sdn Tanjong Asset
Holdings Sdn Bhd NFO & RTO Bhd Holdings
100% 75% 100% 67%
Tanjong Energy Tropical TGV Impian Klasik
Holdings Sdn Bhd Islands Cinemas Sdn Bhd
S.ar.l Sdn Bhd Property
100% 100% 55% Tropical Film Investment
Islands exhibition
Powertek Kuasa Pendekar
Bhd Nusajaya Energy
Power (L) Ltd (L) Ltd
Generation Power Power
10% Generation Generation
Taweelah
Asia
Power Co
Power
Generation
& Water
Desalination
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TANJONG
Core Business public limited company
Power Generation
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TANJONG
Core Business Power Generation public limited company
Our Performance
3,200
2,800
2,400 725
712
Turnover & EBIT (RM million)
2,000
108 708
1,600 674
625 662
1,200 1,042 1,299
800 987
595 898 1,050
775 794
683 1,365
400 387
1,333
1,087 1,057 1,074
0
2006 2007 2008 2009 2010*
Our Performance
Initial success in Malaysia
1993 440 MW Open Cycle Gas Turbine Plant – fast track completion 13 months to 1995
1999 Acquired 330 MW Combined Cycle Gas Turbine from Tenaga
2001- Build, own & operate 720 MW Combined Cycle Gas Turbine plant on a fast track
2003 basis
Going International
2005 Acquired a 10% stake in the 2000 MW and 160 MIGD Taweelah B IWPP in Abu
Dhabi
2006 Acquired 2 thermal power plants in Egypt with a combined generating capacity of
1365 MW
2007 Acquisition of 896 MW interest in 7 plants in Egypt, Bangladesh, Pakistan & Sri
Lanka.
The Group’s effective power generating capacity has more than doubled to 3,951 MW over the last 3 years
and water desalination capacity of 16 MIGD.
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TANJONG
Core Business Power Generation public limited company
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TANJONG
Core Business Power Generation public limited company
Strategic Objectives
> Strategies
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TANJONG
Core Business Power Generation public limited company
Financing
• Non-recourse
Debt
• Prudent Capital
Structure
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TANJONG
Core Business Power Generation public limited company
International Opportunities
• Risk/return paradigm
Regions with attractive long term • Plant size
contracted cash flows & abundant • Level of control
fossil fuel reserves
• PPA / fuel preference
Greenfield: • Velocity of returns
• Asia Pacific Where?
How much? • O & M philosophy
Risk/Returns
• MENA
• South Asia
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TANJONG
Core Business public limited company
Gaming
www.damacai.com.my
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TANJONG
Core Business Gaming public limited company
NFO - Performance
2,400
2,000
2,087
Revenue & EBITDA (RM'm)
1,200
800
320.0
400 215.0 173.0 243.0 244.0
0
2006 2007 2008 2009 2010*
Financial Year
Turnover EBITDA
*Annualised from 1st half results
100%
24.2% 23.8% 23.3% 21.8% 23.0% PMP
80%
60% 36.7% 37.4% 36.4% 34.5% 36.2% Magnum
40%
20% 39.1% 38.8% 40.3% 43.7% 40.8% BST
0%
FY2006 FY2007 FY2008 FY 2009 1QFY10
* source from Bursa Malaysia announcements PMP & BST Feb-Jan, Magnum Jan-Dec
NFO Market
by number of outlets
Magnum
(485)
PMP BToto
(343) (681)
Others
Unauthorised
Operators
• Split between the legal and illegal NFO market is now believed to be 55:45
• Operator incentives
• transformation program
• Special draws?
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TANJONG
Core Business Leisure public limited company
Tropical Islands
www.my-tropical-islands.com
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TANJONG
Core Business Leisure public limited company
130
Revenue & EBITDA (RM'm)
163
141
80 103
97 67 32
30
1.7
(2.4)
-20 2006 2007 2008 2009 2010*
-45 -23
(34.0)
-34
(59.0)
-70 (59.0)
(69.0)
Financial Year
Turnover EBITDA EBIT
st
*Annualised from 1 quarter results
Tropical Islands
Tropical Rainforest
− 20,000 plants, more than 500 species, almost 1 km jungle path
Tropical Village
− Authentic houses from 6 tropical countries, a colourful marketplace and the
Wayang stage
Paradise Beach
− The world’s biggest indoor beach: 8,000m2 of white sand for fun and sports
South Sea
− 140 meters long, 4,000m2 of water surface, 28oC warm
Bali Lagoon
− 32oC water, water slides, whirlpools, waterfall
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TANJONG
Core Business Leisure public limited company
Tropical Islands
Tropical Islands
Map (Phase 1 & 2) Foyer & Shopping
Bali Lagoon Tropical
Boulevard Village
Children’s Play
Area
new
new
Water Slides
new
Rainforest Wellness
Camping
Complex Rainforest
South Sea & Kids’ Paddling Ground
Paradise Beach Pool
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TANJONG
Core Business Leisure public limited company
Tropical Islands
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TANJONG
Core Business Leisure public limited company
Tropical Islands
Current onsite accommodation
Internal:
120 tents (356 beds)
14 “Asiana” lodges (28 beds)
External :
Caravan parks
Hotels
Partner Hotels
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TANJONG
Core Business Leisure public limited company
Tropical Islands
Our partners
Developer Marketer
• Responsible for development of 375 • Responsible for marketing of rental of
homes by Dec 2011(Stage 1) homes & provide ancillary services
• Largest Developer of holiday homes • Largest vacation homes marketer in
in Denmark & Northern Germany. Southern Europe
Has 14 year track record, over 7000 • Part of RCI Group world No 1
homes built. Vacation Exchange Network with 3.4
• Has 2 manufacturing plants in million members, owned by
Denmark & Germany Wyndham Worldwide Group
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TANJONG
Core Business Leisure public limited company
Tropical Islands
Going forward
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Corporate Information
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TANJONG
Group Overview Group Revenue public limited company
(RM'm)
4,400
3,895
4,000 3,641
3,600 795
3,200 715
2,800 2,671
2,385
2,400 724
2,000 1,882 636 2,799
2,718
1,600 698 1,844
1,200 1,682
800 1,087
208 301
400 103
97 67
0
2006 2007 2008 2009 2010*
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TANJONG
Group Overview Group EBITDA public limited company
(RM'm)
1,900
1,610
1,500 261
1,203 1,276
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TANJONG
Group Overview Balance Sheet public limited company
Cash/Liquid
(1,578) (482) (2,060)
Resources
Equity 3,746
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TANJONG
Group Overview Key Corporate Metrics public limited company
Return on
14.1 17.1 16.7 14.0 17.4
Equity (%)
Return on Total
10.2 9.9 12.3 10.0 12.0
Assets (%)
Interest Cover
2.3 3.3 3.2 4.4 5.0
(x)
Net Tangible
Assets per 7.96 8.06 7.81 7.11 5.88
Share (RM)
Net Debt to
1.36 1.27 0.84 0.19 0.33
Equity (x)
Gross Dividend
90.0 90.0 82.0 70.0 70.0
per Share (RM)
Dividend Yield
6.3 5.2 6.0 5.0 5.5
(%)*
* Based on gross dividend expressed as a percentage of the weighted average share price during the financial year
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TANJONG
Group Corporate Matters Corporate Information public limited company
Shareholders’ Profile
Malaysian
Usaha Tegas Sdn. Bhd. 31%
Ultimate Corporation Sdn. Bhd. 8%
Others 24%
Foreign
37%
80 34 20
60 22 34 48
40 70
48 48 56 0
20
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Financial Year
Dividend policy
“The Group has adopted a progressive dividend policy that seeks to achieve a balance
between long-term capital growth and immediate cash returns to shareholders. As
such, it will maintain an attractive payout ratio, while conserving adequate funds to
enable us to pursue new investment opportunities vital to our long-term growth.”
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TANJONG
Group Corporate Matters Awards & Accolades public limited company
2008 2006
Asia’s Best Companies Poll - Malaysia Asia’s Best Companies Poll - Malaysia
> No 4 “Most Commitment to Strong Dividend Policy” > No 1 “Best Investor Relations”
> No 6 “Best Investor Relations” > No 4 “Best Corporate Governance”
> No 5 “Overall Best Managed Company”
> No 5 “Best Commitment to Strong Dividend Payments”
2008
Best Corporate Governance Poll
2005 & 2004
Malaysia
Asia Equities Market Report - Best Investor
> No 1 “Best Investor Relations” in Malaysia Relations
> No 1 “Best Investor Relations Officer” in Malaysia > No 1 in Asia in the Hotels, Restaurants & Leisure Sector
> No 2 “Overall Best Corporate Governance” in Malaysia
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TANJONG
public limited company
Thank You
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