Annual Report 2012 - IOI Group

Left: The new Palm GardenGolf Course touted as thefirst premier publicgolf course.Right: A pedestrian “greenaxis” extending from theMRT station’s exit is one ofthe green features of SouthBeach, Singapore.The table below sets forth key information with respect to the performance of our property development business excluding jointlycontrolled entities:2012 2011 2010 2009 2008Units of property sold 1,412 1,730 2,044 1,465 1,934Total sales (RM’000) 856,319 942,002 1,045,095 688,487 696,743Revenue (RM’000) 842,977 971,630 945,538 660,167 755,066EBIT (RM’000) 451,125 509,876 532,052 309,556 369,673EBIT margin (%) 53.52 52.48 56.27 46.89 48.96The Group’s property investment portfolio comprises mainly retail and office space totalling approximately 248,000 sq. m. of net lettablespace. The Group’s principal investment properties as at 30 June 2012 are IOI Mall, IOI Resort, IOI Boulevard and Puchong FinancialCorporate Centre (“PFCC”). The performance of the property investment business is as follows:2012 2011 2010 2009 2008Revenue (RM’000) 95,312 95,653 97,866 81,505 74,302Operating profit (RM’000) 220,157 209,204 70,830 157,473 182,275OPERATIONS REVIEWThe Group sold a total of 1,412 units of properties for a total sales value of RM856 million for FY2012, a decrease of 318 units and RM86million in sales values compared to the previous year.Property sales for the various projects are summarised as follows:UnitsSales Value (RM Million)Projects 2012 2011 2012 2011Bandar Puchong Jaya 127 80 91.8 138.3Bandar Puteri, Puchong 177 228 215.8 259.5IOI Resort, Putrajaya 121 100 77.6 61.9Bandar Putra, Kulai 412 454 160.6 113.7Taman Lagenda Putra, Kulai 141 152 36.7 34.3Taman Kempas Utama, Johor 68 152 48.7 94.1Bandar Putra, Segamat 111 211 23.6 39.916 Sierra, Puchong 227 256 148.4 111.0Others 28 97 53.1 89.3Total 1,412 1,730 856.3 942.044IOI CORPORATION BERHADAnnual Report 2012