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Vital Partners
Essential Solutions
Overview
Leading Asian developer with more than 20 years of experience, undertaking the
development of raw land including land resettlement and infrastructure development
Good brand name with strong local joint venture and government relationships
Strong track record with over 600 MNCs and local enterprises as tenants
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Sembcorp Industrial Parks
VSIP JV Co. VSIP & Township WSIP Development Sino-Singapore Gallant Venture Sembcorp Parks Others
Development Joint Stock Co. Nanjing Eco Hi-tech Management
Company Island Development
-Vietnam Singapore Co.
Industrial Park (VSIP) -Wuxi-Singapore -Industrial Parks, -30 Hill Street,
-VSIP Binh Duong -VSIP Bac Ninh Industrial Park Utilities, Resort -Provides management, Singapore
-VSIP Hai Phong -Sino-Singapore Management, Land marketing and
Nanjing Eco High-tech Sales technical services to
Island VSIP, BIP, BIE 100% share held by
-Batamindo Industrial Sembcorp
Park
-Bintan Industrial 56% share held by
Singapore 51%* VSIP JV Co. 70%* Chinese 51% Singapore 50%* Estate Sembcorp
Consortium Party Consortium
Sembcorp 12%^ 23.9% share held by -Norfolk Hotel,
Vietnam 49% Singapore 49%* Chinese 50% Sembcorp
Consortium Vietnam
Party Consortium
Techneto 10% -Other investments
and properties
*79.3% share held by Becamex 8% *92.6% share held by *43% share held by
Sembcorp Sembcorp Sembcorp
*40.44% share held by
Sembcorp
^Sembcorp direct stake
- Sembcorp holds 75% share in the Singapore consortium involved in the Karimun Marine & Industrial Complex; effective share is 30%
- Sembcorp holds 8.34% share in the Singapore consortium involved in the China-Singapore Suzhou Industrial Park; effective share is 2.34%
- Shareholding as at February 28, 2011
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Our Differentiating Factor
Delivers the economic engine to support industrialisation and
urbanisation – creating demand and value for industrial, commercial
and residential land
Business Model
Integrated Township Development
Residential Development
Real estate development
contributes substantial value Commercial Development
including specialised parks
Utilities Utilities
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Developing Integrated Townships
Maximising value of the land bank
Distinctive Benefits to
Industries Sembcorp:
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Industries
(anchor strength in
(anchor tenants)
tenants) industrial -Better yield from
parks commercial &
employment
residential landbank
Population
Population -Appreciation of
value of industrial
landbank
Residential / -Increased
Industries
2 Infrastructure 3
Industries competitiveness of
(anchor tenants) commercial
(anchor tenants)
& services Industrial parks
real estate
Urbanisation
A Key Growth Driver
Expected urban
growth rates
>0% - 1.5%
1.5% - 3.0%
3.0% - 4.5%
4.5% - 6.0%
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Our Regional Presence
China
Vietnam
Vietnam Singapore Industrial Park
(VSIP)
VSIP Binh Duong Integrated
Indonesia Township & Industrial Park
Gallant Venture (listed on SGX) VSIP Bac Ninh Integrated Township
– Batamindo Industrial Park & Industrial Park
– Bintan Industrial Estate VSIP Hai Phong Integrated
– Bintan Resorts Township & Industrial Park
Karimun Marine & Industrial Complex*
Vietnam
Our Projects
VSIP
Thuan An District
Binh Duong Province
500 hectares
1996
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Strong Performance from Vietnam
Project Level
(US$m) 03 04 05 06 07 08 09 10 (US$m) 03 04 05 06 07 08 09 10
Turnover 25.4 28.9 31.5 49.2 74.8 72.9 92.5 130.3 Net Profit 6.5 7.1 8.3 15.7 25.5 25.9 23.8 42.5
92.5
49.2 15.7
31.5
28.9 8.3
25.4 7.1
6.5
03 04 05 06 07 08 09 10 03 04 05 06 07 08 09 10
From VSIP I:
17km to HCMC
15km to airport
16km to seaport
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VSIP Binh Duong – 2,045 ha
To capitalise on Binh Duong New City
Location Advantages
Northern Vietnam
Bac Ninh
- 20km from Hanoi
- 30mins to Hanoi city
centre
Hai Phong
From VSIP
- 3rd largest city in Vietnam
Hai Phong:
after Hanoi and HCMC
- 3rd most populous (1.8m) 1 hr to Halong Bay
world heritage site
after HCMC (6.35m) and
Hanoi (3.29m) 30 mins to Do Son
- One of 5 Grade 1 cities of Peninsula
Vietnam
45 mins to Cat Ba
Archipelago
biosphere reserve
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VSIP Bac Ninh – 700 ha
Fast taking shape
Resettled 470 ha
120 ha to be resettled in 2011
Saleable land of 442 ha
Industrial 301 ha
C&R 141 ha
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VSIP Hai Phong – 1,600 ha
Special Economic Zone with incentives
China
Our Projects
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Sustainable Earnings in China
Project Level
(RMBm) 03 04 05 06 07 08 09 10 (RMBm) 03 04 05 06 07 08 09 10
Turnover 256.3 291.6 361.9 456.8 502.9 535.7 523.2 630.4 Net Profit 18.9 39.8 41.9 89.1 59.3 67.9 74.5 72.1
18.9
03 04 05 06 07 08 09 10 03 04 05 06 07 08 09 10
Location Advantages of
Wuxi & Nanjing
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Wuxi
Completed and handed over to Suntech in August 9.7 ha land sale to 2 customers
2008 9.3 ha land sale to Xi’an Longi (WSIP awarded
build-to-suit contract for 56,000 sqm GFA
ready-built factories; 12-year long term lease
Suntech P4 custom-build factory signed; target completion of phase 1 in August
Awarded project management for Suntech’s 140,000 2011
sqm custom-built factory 5.5 ha land catered for WSIP’s 5 units ready-
Signed 12-year long term lease agreement with built factories and 1 amenities block (35,000
option to renew sqm); construction completed in September
2010
Phase 1 construction completed and target handover
to Suntech in early 2011
Phase 2 piling works in progress
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Wuxi-Singapore Industrial Park
Successful launch of new developments
Location Advantages
Nanjing
Nanjing
Nanjing Railway Station
- Second largest commercial centre in (existing Nanjing-Shanghai high-speed line)
75mins to Shanghai
East China after Shanghai
- Ranked 9th in Forbes ‘2010 Top 100
Business Cities in Mainland China’ Jiangxinzhou
(SNEI)
- Location of some of the most prominent
educational institutions in the region
Xinjiekou Subway Station
旧城 (downtown area)
Old City
Line completion in 2013
河西新城
Hexi New City Hexi New City
- Modern riverside new town
- new CBD, commerce, culture,
sports, luxury residences Nanjing South Railway Station
Jiangxinzhou Subway (Beijing-Shanghai high-speed line)
- Construction launched in 2002 Station
25mins to Nanjing
Operational 4Q2011
Railway Station
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Sino-Singapore Nanjing
Eco High-tech Island (SNEI)
1,500 ha eco development
Gross Project
Size (hectares)
2,500
Total gross project size of 6,687 ha in Vietnam China
Vietnam and China of which 3,700 ha is Gross Project Size Gross Project Size
2,045 4,845 ha 1,842 ha
saleable 2,000
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Landbank to Support Growth
Landbank available for sale of 2,700 ha
Project & landbank Gross Type Land for own Saleable Land sold Committed Remaining Plot Ratio
(figures in hectares) Project development1 land (cumulative) (orderbook) saleable
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Size land
Total GFA at
Effective Tenure
Project Country Type Project Level
Stake (years)
(sqm)
WSIP – Business & IT Park China Business & IT Park 13.61% 99,019 50
WSIP – International Garden City &
China Residential 45.36% 137,022 70
Hongshan Mansion
WSIP – Modena Residence China Commercial 45.36% 12,000 40
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Conclusion
Positioned for Growth
Appendix
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Project Information
Southern Vietnam
Key Facts Vietnam Singapore Industrial Park (VSIP) Key Facts VSIP Binh Duong
Location Binh Duong Province Location 32km from HCMC
17km from HCMC 15km from VSIP I
Gross Land Area 500 ha Within 4,000 ha Binh Duong New Township
Development Industrial Park with 20 ha reserved for mixed-use Gross Land Area 2,045 ha
Type
Development Type Integrated township & industrial park
Accessibility Saigon Port – 18km
Accessibility HCMC Centre – 32km
Saigon New Port – 16km
Saigon Port – 33km
Int’l Airport (Tan Son Nhat) – 15km
Saigon New Port – 31km
Shareholders Vietnamese Party 49% Int’l Airport (Tan Son Nhat) – 30km
VSIP JV Co. Ltd Becamex IDC Corporation : 49% Vietnamese Party 49%
Shareholders
Singapore Consortium 51%
VSIP JV Co. Ltd Becamex IDC Corporation : 49%
Sembcorp Industrial Parks Ltd : 79.29% Singapore Consortium 51%
Ascendas Investment Pte Ltd : 8.35% Sembcorp Industrial Parks Ltd : 79.29%
MC Development Asia Pte Ltd : 3.71% Ascendas Investment Pte Ltd : 8.35%
KMP Vietnam Investment Pte Ltd : 3.41% MC Development Asia Pte Ltd : 3.71%
UOL Overseas Investments Pte Ltd : 5.24% KMP Vietnam Investment Pte Ltd : 3.41%
Operational 1996 UOL Overseas Investments Pte Ltd : 5.24%
Industry Mix Electronics & Electrical Operational 2006
Pharmaceutical
Industry Mix Electronics & Electrical
Precision Engineering
Pharmaceutical
No. of Tenants 241 (210 operational) Precision Engineering
Tenants include Siemens, Kimberly Clark, Diethlem, Fraser & Neave No. of Tenants 163 (74 operational)
Foods, CEI, Johnson Controls, Konica, Nitto Denko Mapletree Logistics, Proctor & Gamble, Foster
Tenants include
Electronics, Hoya Lens, Omron Healthcare,
Teikoku Piston Ring, Core Electronics
Project Information
Northern Vietnam
Key Facts VSIP Bac Ninh Key Facts VSIP Hai Phong
Location Bac Ninh Province Location North Cam River (heart of Hai Phong City)
20km from Hanoi
Gross Land Area 1,600 ha
Gross Land Area 700 ha
Development Type Integrated township & industrial park
Development Type Integrated township & industrial park
Accessibility Int’l Airport (Noi Bai) – 40km Accessibility Hanoi – 100km
Hai Phong Port – 120km Int’l Airport (Noi Bai) - 120km
Cai Lan Port – 130km Domestic Airport (Cat Bi) - 15km
China (Lang Son) – 140km
Cai Lan Port – 60km
Shareholders VSIP JV Co: 70% Hai Phong Port – 16km
VSIP & Township Sembcorp Industrial Parks : 12% (direct stake) China (Long San) – 250km
Development Joint Techneto Ltd : 10%
Stock Company Becamex IDC : 8%
Sembcorp also holds 40.44% share in VSIP JV Co. Shareholders VSIP JV Co: 70%
VSIP & Township Sembcorp Industrial Parks : 12% (direct stake)
Operational 2008 Development Joint Techneto Ltd : 10%
Stock Company Becamex IDC : 8%
Industry Mix Electronics & Electrical Sembcorp also holds 40.44% share in VSIP JV Co.
Pharmaceutical
Precision Engineering
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Project Information
China
Key Facts Wuxi-Singapore Industrial Park Key Facts Sino-Singapore Nanjing Eco High-tech Park
Location Wuxi New District, Jiangsu Province Location Jiangxinzhou, Nanjing City, Jiangsu Province
Tenants include Mitsui, Matsushita, Sumitomo, Infineon, Hitachi, Operational Groundbreaking in 2009
Seagate and EPCOS
Industry Mix Research & development firms
Regional HQ
Eco-related companies
© Sembcorp Industrial Parks Ltd 2011 33
Gallant Venture
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Other Assets
- 100%-owned by Sembcorp Investment Pte Ltd - Sembcorp holds 81.67% share in the Singapore
(Sembcorp Industrial Parks) company involved in the Norfolk Hotel, effective
- Sembcorp Industries corporate office share is 49%
- Located in City Hall district - Operated by Ben Thanh-Norfolk Hotel Co. Ltd
- 102,150 square feet GFA under our Vietnamese-Australian JV partner
- 104-room boutique business hotel
- Grade A office building
- Construction completed in 2000 - Located in District 1, HCMC (downtown area)
- 99% occupancy - Operational since 1991
Upcoming Developments
The Singapore-Sichuan High-tech Innovation Park
MOU signed on 15 Sep 2010 between the Singapore-Sichuan Investment Holdings (SSIH) and
the Chengdu High Tech Zone Administration Commission to explore the joint development of the
Singapore-Sichuan High-tech Innovation Park
Sembcorp forms part of the Singapore consortium which includes Temasek, Keppel and Ascendas
Feasibility study on the project is expected to be completed by mid-2011. It will look into the
land usage, development model, development place and industry positioning. If project is
deemed commercially viable, the partners will form a 50:50 Singapore-Chinese JV to undertake
the project.
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