KUALA LUMPUR, April 6 (Bernama) -- KLCCP Stapled Group held the KLCC Real Estate Investment Trust’s 10^th Annual General Meeting and KLCC Property Holdings Berhad’s 20^th Annual General Meeting (AGM) today, presenting to its shareholders the Group’s performance for the financial year ended 31 December 2022.  The AGM was held in a virtual mode and was broadcasted live to the shareholders.

The AGM was chaired by Tan Sri Ahmad Nizam Salleh, Chairman of KLCC Property Holdings Berhad (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT).  Datuk Md. Shah Mahmood, Chief Executive Officer of KLCCP and KLCC REIT, shared the Group’s performance, business outlook and focus for this year.

A Successful Year of Recovery
 
2022 was a successful year of recovery for the Group as it started to see positive signs of resilience that steadily brought the Group towards business normalisation.  The Group recorded a sharp rebound with a revenue growth of 24.6% from RM1.2 billion to RM1.5 billion, and Profit Before Tax (PBT) of RM1.0 billion, an increase of 80.1% compared to 2021. The Group also declared a distribution of 38.00 sen per Stapled Security which also translated to a dividend yield of 5.66%, the highest recorded since the listing of Stapled Security.

The retail segment, represented by Suria KLCC and the retail podium of Menara 3 PETRONAS recorded the highest tenant sales during the year, surpassing the pre-pandemic levels by 9.5%.  The mall brought in 16 new retail tenants during the year, including the first Burger & Lobster outlet in downtown Kuala Lumpur, providing shoppers with a diverse blend of experiences.

Mandarin Oriental, Kuala Lumpur (MOKL Hotel), representing the hotel segment, achieved significant growth, benefitting from the re-opening of economic activities and saw its occupancy triple from 2021 with revenue hitting RM146.9 million. This was mainly contributed by the domestic leisure market, improved F&B performance and strong demand for corporate events.

The office segment comprising PETRONAS Twin Towers, Menara 3 PETRONAS, Menara ExxonMobil and Menara Dayabumi, remained stable with sustained occupancy at 100%, contributing 40% of KLCCP Stapled Group's overall revenue.

At the sustainability front, the Group collaborated with Gentari Sdn Bhd a clean energy solutions company under PETRONAS, to install, a total of 35 Electric Vehicle (EV) chargers at Suria KLCC car park. To date, a total of 57 EV chargers are available within KLCC Precinct, making it the venue with the largest EV charging points in Malaysia.  2022 also saw the Group fitting over 900 energy-saving LED lights on the external facade of PETRONAS Twin Towers and improving security and contactless access within the twin towers with the installation of facial recognition devices.

"Our 2022 performance has exceeded our expectations and serves as a testament to the hard work and dedication of our team. Despite the challenges we faced, we remained focused on our goals and persevered through adversity. Our achievement is not only a reflection of the team's hard work, but also of our ability to adapt and innovate in a rapidly changing business landscape”, said Datuk Md. Shah Mahmood.

Positive Outlook for 2023
 
Moving into 2023, the Group rolled-out its Three-Pronged Growth Strategy in future-proofing the Group and ensuring long-term business sustainability.  Datuk Shah said, “we are anchoring on our Three-Pronged Strategy, leveraging on our strong foundation, while we continue to improve on our operational capabilities and asset portfolio to achieve a robust  performance.  We have also strengthened our approach to greenhouse gas emissions and established our Net Zero Carbon Emission Pathway towards our aspiration of low carbon emission by 2050”.
 
The Group expects the recovery momentum to continue across all its business segments, though being mindful of the macroeconomic, geopolitical uncertainties and the challenging property market.  Its robust investment property portfolio will drive and position the Group for further growth in 2023.

Please click here for attachment.

About KLCCP Stapled Group
 
KLCC Property Holdings Berhad (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), collectively known as KLCCP Stapled Group is Malaysia's largest self-managed stapled security that invests, develops, owns, and manages a stable of iconic and quality assets. KLCCP Stapled Group became the first ever Shariah compliant stapled structure in Malaysia upon the listing of KLCC Stapled Securities (KLCCSS) on 9 May 2013 and trades under the REIT sector of the Index as a single price quotation.

With KLCCP Stapled Group's core business in property investment and development, the Group has a diverse property portfolio largely located within the Kuala Lumpur City Centre comprising prime Grade A office buildings, a premier retail mall and a luxury hotel. The stabilised and wholly owned assets namely PETRONAS Twin Towers, Menara ExxonMobil and Menara 3 PETRONAS are under KLCC REIT and the non-wholly owned assets and assets with development and redevelopment potential, Suria KLCC, Mandarin Oriental, Kuala Lumpur hotel and a vacant land (Lot D1) are in KLCCP. KLCCP also has a 33% stake in Menara Maxis.

KLCCP Stapled Group
 
Two of KLCCP's wholly owned subsidiaries, namely KLCC Urusharta Sdn Bhd and KLCC Parking Management Sdn Bhd, are engaged in providing facility management services and car parking management services respectively. The REIT Manager who is engaged to manage and administer KLCC REIT is internal and resides within KLCCP as a 100% owned subsidiary.
 
KLCCP Stapled Group is continuously recognised for its excellence in the industry for demonstrating strong environmental, social and governance practices. In pursuing its sustainability journey, the Group aligns its reporting to the United Nation's 2030 Agenda across five critical dimensions - Prosperity, Planet, People, Partnership and Peace, in line with its commitment to contribute towards the five prioritised United Nation's Sustainable Development Goals. For a better insight into the Group's ESG Profile and Disclosures, please visit ESG World at https://www.klcc.com.my/sustainability.php

Issued by:
Group Strategic Communications and Investor Relations
 
6 April 2023

SOURCE : KLCC (Holdings) Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Yasmin Abdullah
Tel : +603 2783 7584
Email : yasmina@klcc.com.my

--BERNAMA