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March

ONE15 Marina Development Berhad, a Joint Venture

Company (“JVC”) between SGX Mainboard-listed SUTL Enterprise Limited (“SUTL Enterprise” or

the “Group”) and UEM Land Berhad (“UEM Land”) a wholly owned subsidiary of UEM Sunrise

Berhad (“UEM Sunrise”), today marked the commencement of construction of ONE°15 Marina

Puteri Harbour Malaysia with a ground-breaking ceremony graced by His Majesty Sultan Ibrahim

Ibni Almarhum Sultan Iskandar, Sultan and Sovereign Ruler of the State and Territory of Johor

Darul Ta’zim. The Sultan was accompanied by a delegation from the Johor State government, led

by Chief Minister of Johor, Dato’ Haji Osman Haji Sapian.

 

The ground-breaking ceremony marks a significant milestone for the JVC, which had first

announced plans for ONE°15 Marina Puteri Harbour Malaysia, in February 2016. In December

2018, it was granted the approval by the Companies Commission of Malaysia (or Suruhanjaya

Syarikat Malaysia (“SSM”) for the sale of memberships.

 

The JVC is currently in the process of setting up a marketing gallery at Puteri Cove Residences

which is in close proximity to the site of the upcoming marina and plans to start its membership

drive in tandem. Prospective members will be able to catch a glimpse of what ONE°15 Marina

Puteri Harbour Malaysia has to offer with the launch of the club’s marketing gallery in May 2019.

 

Thoughtfully designed and curated, the gallery will reflect the ONE°15 brand philosophy, as well

as the unique personality and characteristics of this city marina.

 

The gallery will also showcase key features of the marina, including an impressive scale model of

the clubhouse and marina, complete with interactive lighting and technological features for a

more immersive experience. Through this gallery, visitors will embark on an experiential journey

where they will be introduced to the marina lifestyle.

 

The marina will target Singaporeans, Malaysians as well as expatriates living in, or who own

property in, Johor. The new marina caters to affluent families as well as singles and millennials

who enjoy the waterfront lifestyle away from the hustle and bustle of city life.

 

According to Alpha Marketing, a real estate research and investment consultancy that specializes

in the Singapore and Malaysia markets, Iskandar Puteri, Malaysia has been attracting a growing

community of expatriates over the years. Its key suburbs, which include Puteri Harbour, have

been seeing strong population growth from China, South Korea and Japan because of the

availability of international schools, better quality of life, lower cost of living and clean

environment as well as strong retail and recreational options1.

 

Lauded as an up and coming lifestyle hub in the Iskandar precinct of Johor, ONE°15 Marina Puteri

Harbour Malaysia is expected to be completed by 2020. It will feature a 13,616 m2 private

Clubhouse with a full-service private marina with 207 berths, 77 deluxe hotel rooms and suites, a

2-storey Members’ Lounge, meeting rooms and a 320-seat ballroom, gym, swimming pool with

water play area for kids, multiple dining outlets, co-working spaces, kids’ club, day spa, and retail

outlets. The nearby ONE15 Estuari Sports Centre offers additional sports and recreational

activities.

 

SUTL Enterprise Executive Director and CEO, Mr Arthur Tay, said: “We believe ONE°15 Marina

Puteri Harbour Malaysia is going to inject new life and energy into and be a jewel in the crown of

the Puteri Harbour precinct. We look forward to the marina becoming fully operational and

1 Good Bye or Good Buy – Iskandar Malaysia’s Property Market in 2019

https://alphamarketingsg.com/good-bye-or-good-buy-iskandar-malaysias-property-market-in-2019/

 

attracting waterfront enthusiasts and yachts from all over the world. The upcoming marina will

greatly complement our existing ONE°15 Marina Sentosa Cove Singapore and create a new buzz

for the region’s boating community and all who enjoy life one degree better in a safe, secure

private club setting.

 

“We look forward to welcoming members at ONE°15 Marina Puteri Harbour Malaysia, which will

manifest the ONE°15 brand promise “to celebrate a life less ordinary”. Owning a membership is

more than just access to facilities and amenities, but more importantly, it serves as a secure and

private sanctuary for members to build relationships, create memories and share experiences

with their families, friends and business partners.”

 

UEM Sunrise’s Managing Director/Chief Executive Officer, Mr Anwar Syahrin Abdul Ajib said:

“We are excited about the plans for Puteri Harbour as well as the collaboration with SUTL

Enterprise, a partner who shares the same vision and goal of improving the quality of living in the

communities in which it operates. We believe that the expansion and development of a worldclass

marina in Puteri Harbour will add to the vibrancy and attractiveness of Iskandar Puteri and

contribute towards transforming Iskandar Puteri into a truly sustainable community”

 

The close proximity of the clubs at Sentosa Cove and Puteri Harbour means ONE°15 Marina

Puteri Harbour Malaysia members can charter yachts from either marina. As an additional

benefit, club members will enjoy access to a network of private marina club privileges around the

world.

 

Social and boating membership fees for ONE°15 Marina Puteri Harbour Malaysia’s private marina

club are expected to start at RM 40,000 and RM 50,000 respectively. For a limited time only,

early bird sign-ups will enjoy privileges such as discounts on their membership prices. Members

can also look forward to other joint membership privileges, with plans to partner with property

developers, lifestyle partners, and local business associations to offer special membership

incentives.

PLUS Malaysia Berhad (PLUS) invested some RM300,000 to upgrade roads and other infrastructures at selected kampongs located along its highway. The CSR initiative was carried out to improve the quality of life of the surrounding communities.

PLUS Malaysia Berhad (PLUS) Managing Director, Datuk Azman Ismail, "The program is among the initiatives taken by PLUS to give back to the society and those along the highway that we operate. PLUS, as an expert on managing and maintaining the highway infrastructure, applies our expertise to upgrade and repair roads at the nearby kampongs to improve and sustain the quality of life of the surrounding communities.”

According to Azman, the project benefits residents at 9 villages such as Kampung Bendang Nibong, Kampung Bukit Chempedak, Kampung Banggol Nering and Kampung Bukit Gantang where they now enjoy better and more comfortable road.

Upgrading and repair works of the three-kilometre road impacts more than 3,000 villagers who use the road on a daily basis. The project was fully completed end November last year.

At an official handing over ceremony held on 8 March, PLUS also presented RM50,000 in zakat contribution to Surau Ar-Rahmah at Kampung Bendang Nibong and RM15,000 to 50 asnafs at the surrounding areas.

"PLUS will continue to carry out its CSR projects that impacts to the local communities, positively,” Azman added. 

Also present at the handing over ceremony at Kampung Bendang Nibong, Changkat Jering, Taiping was Malaysian Highway Authority Director-General, Dato’ Sr. Aziz Abdullah.

UEM Edgenta Berhad (“UEM Edgenta” or “Company”), the region’s leading Asset Management and Infrastructure Solutions company, recorded a strong set of financial results for the year ended 31 December 2018 (“FY2018”), which saw the Company posting a net profit of RM152.2 million, a surge of 22% on a year-on-year (“Y-o-Y”) basis, compared to RM125.1 million for FY2017. 2 of 4

Q4 FY18 results

Growth was attributed to a strong performance in Q4 FY2018 which registered a Profit Before Tax (“PBT”) of RM82.9 million, a threefold increase when compared to Q3 FY2018 PBT of RM25.1 million. This is on the back of a 23% increase in revenue to RM647.4 million in the quarter, which saw two of the Company’s core divisions, the Healthcare and Infrastructure Services divisions, contributing almost 90% of revenue and PBT for FY2018. On a Y-o-Y basis for the quarter, the PBT for Q4 FY2018 was also 10% higher than Q4 FY2017 with a slight decline in revenue.

Full-year performance

Amidst a challenging operating environment, UEM Edgenta was able to record a 3% increase in revenue to RM2.2 billion for FY 2018 as compared to FY 2017’s revenue of RM2.1 billion. The revenue growth was derived across all of UEM Edgenta’s major business divisions.

PBT increased to RM198.2 million for FY2018 which was mainly due to improvements realised through group-wide efficiency and lower financing costs, resulting in a PBT margin increase to 9% in FY2018 as compared to 8% in FY2017. Correspondingly, net profit and profit after tax and non-controlling interest (“PATANCI”) stood at RM152.2 million and RM148.2 million respectively. Excluding a one-off accounting gain on disposal of OIC of RM274.9 million, PATANCI of RM148.2 million is higher than PATANCI in FY2017 with share of results of OIC up to disposal in December 2017 of RM143.3 million.

Notably, the Healthcare Support division delivered a strong 8% increase in revenue and 7% increase in PBT on a Y-o-Y basis. Revenue grew on the back of new contracts secured in FY2018 in Singapore and Taiwan, coupled with a high customer retention rate of almost 90% in its commercial business. UEM Edgenta’s Healthcare Support division has also benefited from the continuous sharing of best practices and technology transfer between its concession and commercial businesses such as the introduction of UETrackTM, the commercial business’ proprietary technology for service delivery, in Malaysian Government hospitals.

Additionally, UEM Edgenta maintained its robust balance sheet with a net cash position of RM70.1 million as at end-2018. This was attributable to strong cashflow from operations of RM209.3 million in FY2018. UEM Edgenta was also able to maintain its gross gearing ratio at a conservative 0.35 times.

Dato’ Azmir Merican, Managing Director / Chief Executive Officer of UEM Edgenta commented, “Our increased profitability and consistent cashflow generation has enabled us to deliver yet another strong full year dividend payout of 14 sen to our shareholders. We made a decision to capitalise on the sale of OIC in FY2017 which has paid off well, increasing our net profit by 22% to RM152.2 million. We pared down debt, redeployed cash and rewarded shareholders, and at the same time delivered better results and growth.” 3 of 4

Dividend for FY2018

On the back of profits generated for the financial year, coupled with its strong financial position as at end-2018, UEM Edgenta has declared a 2nd interim dividend for FY2018 of 8 sen. Combined with the earlier 1st interim dividend of 6 sen declared in August 2018, total dividend payout is 14 sen and is equivalent to a payout ratio of 78.5% on FY2018’s results, in line with the Company’s enhanced dividend policy of at least 50% and up to 80% payout. The total dividend payout in FY2018 also represents a yield of 5.1% based on share price as at 31 December 2018 of RM2.72.

Outlook FY2019

In recent months, UEM Edgenta has secured several notable contracts, namely for the provision of hospital support services to the Ministry of Health’s 9 Klinik Kesihatan in Penang and Cardiac Vascular Sentral Hospital in Kuala Lumpur, National Taiwan University Hospital and Taipei Medical University Hospital in Taiwan, Tan Tock Seng Hospital, Assisi Hospice and Jurong Medical Centre in Singapore; upgrading of sewage treatment plants and ancillary facilities along the North-South Expressway; integrated facility management services at Bank Negara Malaysia’s recovery sites and Wasl development’s Deira Zone 1 & 2 in Dubai; as well as energy performance contracting for PROTON and Hospital Universiti Sains Malaysia. In addition, the Company is looking forward to servicing the new, state-of-the-art Women and Children Hospital in Kuala Lumpur which received its first patient on 25 February 2019.

All these new projects, which will be accretive in FY2019 onwards, coupled with a healthy pipeline of new projects, will enable organic growth for UEM Edgenta. The Company remains optimistic of its prospects in Healthcare Support and Infrastructure Services, where it is also exploring opportunities to provide project management services for new highways and roads. As the industry leader in these sectors in the countries it operates, UEM Edgenta will focus on protecting its market share, as well as expand and deepen value chain offerings. The Company’s work-in-hand as at 31 December 2018 stood at RM13.4 billion, driven by both of its core divisions to provide the business sustainable returns over the long-term. UEM Edgenta is positive on the outlook to secure more work-in-hand in FY2019.

Additionally, shareholders may look forward to increased profitability as UEM Edgenta continues the operational excellence initiatives implemented over the course of FY2018 to optimise profit margins such as the “Lean” programme to build capabilities across the Company via process improvements and training, as well as technology and innovation-centric programmes to tackle high-impact operational areas.

PLUS Malaysia Berhad (PLUS) allocates RM5 million to roll out its Women Entrepreneurship Program (WEP) with the intention to empower more women entrepreneurs at its highway rest areas within the next 5 years. The PLUS corporate social responsibility (CSR) initiative will offer training courses, mentoring and business assistance to 20 women each year. The program is also aimed at developing local entrepreneurs and improving the quality of life and the socio-economic status of local communities along the PLUS Highway network.

PLUS Chairman, Tan Sri Dato Mohd Sheriff Mohd Kassim said, “WEP targets women living within a 30-kilometre radius of the highway and B40 single mothers aged between 23 to 36 years old.”

Through WEP, PLUS aims to produce 20 new women entrepreneurs each year within the next 5 years.

According to Sheriff, selected WEP applicants will undergo trainings and will be exposed to various business competences and skills.

“Upon completing their training, they will be given the chance to market their products via push carts or kiosks at the rest areas within the 2-year period of the program,” he added.

The first-ever WEP, a PLUS initiative and supported by the Ministry of Women, Family and Community Development and the Malaysian Highway Authority, aims to empower women by increasing their capabilities in managing and developing business and at the same time, supports the Government’s efforts in producing more successful women entrepreneurs.

RSAs Provides Business Opportunities and Jobs For Locals

There are currently more than 600 business outlets at PLUS rest areas of which 46 percent is operated by women entrepreneurs. Single mothers make up 7 percent of the total women entrepreneurs.

“The highway rest areas are not just a stop for highway customers. They offer 5,500 employment and business opportunities and help to improve the socio-economic status of those living at the surrounding areas,” Sheriff added.

The local communities are given the opportunity to operate their businesses at 24 Rest & Service Areas, 4 Overhead-Bridge Restaurants and 46 Lay-bys along the PLUS highways.

“The highway brings positive impacts to the surrounding communities. Studies show that those who open up business at the highway rest areas enjoy stable and generous income,” Sheriff said.

Future Rest Areas

“At the same time, PLUS continues to be committed to provide the best highway services for highway customers. As the nation’s leading expressway company, PLUS is embarking on a first of its kind, multi-year rejuvenation project to elevate the highway R&Rs experience for all Malaysian travellers. Starting with Seremban R&R (South-Bound), PLUS plans to rejuvenate and refurbish at least 5 R&R locations along the North-South Expressway (NSE) over the next few years to suit the preferences of the current highway customers,” Sheriff said.

Sheriff was quoted at the launch of the PLUS Women Entrepreneurship Program which was officiated by the Deputy Prime Minister and Minister of Women, Family and Community Development, YAB Dato’ Seri Dr. Wan Azizah Dr. Wan Ismail, today. Also present were Deputy Minister of Women, Family and Community Development, YB Hannah Yeoh and PLUS Managing Director, Datuk Azman Ismail.

 

KUALA LUMPUR, 3 March 2019 – UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, have invested RM4.5 million in 2018 to promote health and safety culture and is set to increase the investment by 5% year-on-year until 2020. This was shared at the Company’s second annual Partners Operations Dialogue (POD) that was held specifically for the vendors and partners of UEM Edgenta’s Infrastructure Services division which maintains over 2,500 kilometres of highways and state roads in Malaysia and Indonesia, including the North-South Expressway (PLUS), the East Coast Expressway 2 (LPT2) & LATAR Expressway in Malaysia, as well as the Cikopo–Palimanan Highway in Indonesia, among others.

Themed, “Safety & Operational Excellence”, the dialogue aims to enhance the participants knowledge and understanding on the implementation, monitoring and continuous improvements of Health, Safety, Security and Environment (HSSE) processes at the workplace. This year, the Company’s core initiative is to enforce strict compliance to safety procedures at work site, in its efforts to significantly reduce work-related safety incidences. Close to 400 representatives of contracted companies providing infrastructure maintenance services to UEM Edgenta’s Infrastructure Services division had gathered to discuss in-depth opportunities to enhance safety and high performance HSSE work culture during the half-day session. 

“Our personnel and sub-contractors especially those maintaining highways, are constantly exposed to dangers and risks. Our number one objective is for everyone to go home safely to their families and loved ones, and we will continue to invest in safety training, upgrading of skill sets, machineries and technology as well as change our culture – our staff and subcontractors must treat health and safety just like any other business,” said Dato’ Azmir
Merican, UEM Edgenta’s Managing Director/Chief Executive Officer. UEM Edgenta places high emphasis on innovation and delivering innovation in safety. The Company has engaged Highways England, Transport for London and several highway contractors to understand their safety programmes and processes. Technical visits were conducted to learn the latest highway technologies.

The Company is also continuously engaging and working with clients and stakeholders such as Polis Diraja Malaysia, Malaysian Highway Authorities (MHA), Department of Occupational Safety & Health Malaysia and Malaysian Institute of Road Safety Research, where all parties tackle health and safety issues such as implementing innovative ways to make work zones on the highways safer for road users and highway workers. One of which is Safety Vehicle,
introduced by UEM Edgenta’s subsidiary, Edgenta Propel Berhad in 2017 following a collaboration with PLUS Malaysia Berhad and MHA.

UEM Edgenta purchased 132 Safety Vehicles that are currently in use on the North-South Expressway. The POD was officiated by Deputy Minister of Works, YB Mohd Anuar Mohd Tahir and in his keynote address lauds UEM Edgenta’s engagement efforts with its contractors to create shared value in discovering potential new opportunities while establishing proper channels to discuss operational issues faced by contractors when performing routine maintenance works.

Accompanying the Deputy Minister of Works was the Ministry’s Deputy Secretary General, Dato’ Abdul Razak bin Jaafar, who were taken for a tour of the POD exhibition which was focused on initiatives relating to Safety and Operational Excellence.

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