Sime Darby Berhad Background & History

Sime Darby Berhad
Background & History

https://www.referenceforbusiness.com/history2/20/Sime-Darby-Berhad.html
 Partner of choice for the world’s best brands in the industrial and motor sectors.
 Workforce more than 20000 employees.
 Headquartered in Malaysia with operations in 18 countries and territories across the Asia Pacific region.
 Listed on the main market of Bursa Malaysia Securities Berhad.
 Core businesses operate in and serve the industrial, plantation , motors and logistics sectors, health care,
insurance and retail segments.
 Largest conglomerate in Malaysia and one of the largest in southeast asia.
 More than 270 operating companies in 23 countries with most extensive foreign operation in Hong
Kong(25% revenues), Singapore(14%), Australia (11%).
 Core business being plantation (oil palm,rubber, tire, heavy equipment, motor vehicle,property
development, power generation, engineering services.
 Other operation include (paint manufacturing, travel & tourism services, hospitals, golf courses,
refrigeration product manufacturing.)
*Merger with Sime Darby*

https://en.wikipedia.org/wiki/Guthrie_(company)
 Government investment company Pemodalan Nasional Berhad - largest single shareholder, merge with
Sime Darby and Golden Hope plantation to form a new entity name Synergy Drive, ( later renamed-
Sime Darby)
 November 2007, Sime Darby become largest company in Malaysia by market capitalization and also the
largest plantation operator in the world with a land bank of over 540000 hectares.
http://www.simedarby.com/company/history
https://www.referenceforbusiness.com/history2/20/Sime-Darby-Berhad.html
 Sime Darby was contrived in 1910 by two European business partners: William Sime and Henry Darby.
William suggested to start a rubber plantation in Malaysia and Henry agreed to help fund the effort and
together they formed Sime, Darby & Co.,Ltd. Tun Tan Cheng Lock helps Sime and Darby to procure
about 500 acres of rubber plantation in dense jungle of Malacca. Sime set up a branch office in
Singapore in 1915 and a marketing office in London. Sime Darby purchased Sarawak Trading Company
in 1929 (later renamed Tractor Malaysia).
 Sime Darby made a fortune in the global rubber industry during 1920 and 1930s. In 1958, the name was
changed to Sime Darby Holdings Ltd and it becomes first rubber plantations in the region to convert to
the production of palm oil and cocoa oil. In1976, the Malaysian government trading office bought up
Sime Darby shares on the London stock exchange.
 By early 1980, Sime Darby push to diversify every industry from agricultural and manufacturing to
finance and real estate. Revenues climber from $2.53 billion in 1987 to 4.98 billion in 1990 to 6.20
billion in 1992. Sime Darby bought the Australian distributor of Caterpillar equipment, Hasting Deering
Ltd in 1993. In June 1999, Sime Darby sold Sime Bank and Sime Securities subsidiary to Rashid
Hussain, who merged it with RHB Bank to form the second largest commercial bank in Malaysia.
 (Year2007)The newly joined Sime Darby, Guthrie, and Golden Hope re-entered the Kuala
Lumpur Stock Exchange under the name of Sime Darby with a market capitalisation of RM59.5
billion – nearly 80% more than its original RM31.6 billion at the start of the merger process.
 (Year2008) Sime Darby brings together its healthcare businesses, namely the Subang Jaya
Medical Centre (SJMC), Megah Medical Specialists Group, and the SJMC Academy of Nursing
and Health Sciences under one division.
 (Year2013) Sime Darby Berhad and Ramsay Health Care Limited entered into a joint venture to
expand their healthcare businesses. The new company (Ramsay Sime Darby Health Care) is
equally owned by Ramsay and Sime Darby.
 (Year2017) Transformation of Sime Darby Berhad from a conglomerate to three independent

entities: Sime Darby Plantation Berhad, Sime Darby Property Berhad, and Sime Darby Berhad
(consisting of Industrial, Motors, Logistics, Healthcare, and other businesses).
Top Management
http://www.simedarby.com/sites/default/files/annualreport-
pdf/website_sime_darby_berhad_ar18_w_bookmark_051118-web.pdf pg 74, 75 ,76
The top management is responsible for setting Group’s strategy and ensuring the financial
performance. The chairman, Mr Jeffri Salim Davidson, 54 years old who has to manage the board
meeting and also ensure about the decision making. He has to ensure the steps taken could provide
effective communications with stakeholders. Mr Mustamir Mohammad, 46 years old , Group Chief
Financial Officer ensure the internal controls,and policies and procedures to assess the suitability. Mr
Datuk Thomas Leong Yew Hong, 46 years old is Group Chief Stategy Officer. Group Cheif Human
Resource Officer is Mrs. Roselaini Faiz. Moreover, The managing director of industrial division is Mr
Scoot Cameron.For motor division, Mr Andrew Basham is the managing director and Ms. Noor Zita
Hassan is group secretary.
Board of Directors
pdf/website_sime_darby_berhad_ar18_w_bookmark_051118-web.pdf pg113
1. Tan Sri Dato Sri Dr Wan Abdul Aziz Wan Abdullah

Non-Independent Non-Executive Chairman of Sime Darby Berhad from 1 December 2017
2. Tan Sri Samsudin Osman
Non-Independent Non-Executive Director of Sime Darby Berhad.
3. Tan Sri Dato Mohamed Azman Yahya
Independent Non-Executive Director of Sime Darby Berhad appointed on 1 December 2017
4. Moy Pui Yee
Independent Non-Executive Director of Sime Darby Berhad appointed on 1 December 2017
Profit and revenue

https://www.theedgemarkets.com/article/sime-darby-bhd-3q-earnings-jump-644-yoy-rm222m-industrial-
division-lifts
http://www.simedarby.com/press-releases/sime-darby-berhad-1h-fy2019-net-profit-jumps-69
https://www.thestar.com.my/business/business-news/2019/02/21/sime-darby-records-69pt4pct-jump-in-1h-
net-profit-to-rm542m/
pdf/website_sime_darby_berhad_ar18_w_bookmark_051118-web.pdf pg 22, 23, 125
 For the year under review, Sime Darby operations reported a revenue of RM33.8 billion and RM1.1
billion for Profit Before Interest Tax. It increase 8.8 % from RM31.1 billion and 37% from RM784
million in 2017. Net profit rose 0.5% from RM615 million year to year to RM618million. They declared
a total of 8 sen dividend for 2018,including a special dividend of 2 sen, to reward shareholders.
 Revenue in 2018 of Sime Darby Group is RM33,828 million which means higher than RM31,087
million in 2017. Profit for the financial year in 2018 is RM2063 million slightly lower than RM2681
million in 2017.
 The revenue of Sime Darby Company is RM1764 million in year 2018 while the profit for the financial
year RM1714 million. In 2017, the company revenue is RM1400 million and the profit for the financial
year is RM 1456 million.
Business Nature
https://www.jobstreet.com.my/en/companies/610140-sime-plantation
Sime Darby Berhad as known as a global trading and logistics player. It partner with the world’s best brands
to deliver quality products and services to customers. The business nature of Sime Darby Berhad is operate
in and serve the industrial, motors, plantations, and logistics as well as health-care, insurance, and retail
segments. Not only than that, Consolidated Plantations Berhad Group of Companies in Sime Darby Berhad,
major in Plantation, Commodity Trading and Refining, Property Development and Management and Food
Business, with operations in Malaysia, Singapore, Thailand, Indonesia and Egypt. Moreover, Sime Darby
Motors is the automotive arm of Sime Darby Berhad and also involve in retail and assembly businesses. The
car brand that they represent such as BMW, Mini Cooper, Jaguar, Ford and etc. Sime Darby Industrial is
distributor of Caterpillar Products and related solutions in the heavy equipment business.

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Sime Darby Berhad Background & History

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Sime Darby Berhad

Background & History

Merger with Sime Darby

 (Year2017) Transformation of Sime Darby Berhad from a conglomerate to three independent

1. Tan Sri Dato Sri Dr Wan Abdul Aziz Wan Abdullah

Profit and revenue

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