SUTL Enterprise: marinas and regional expansion

Listed on the Singapore Exchange main board in 2000, SUTRL Enterprise Limited has evolved into a premier developer, operator, and consultant of integrated marinas. Headquartered in Singapore, it operates iconic 1°ree 15 marina, Sentosa Cove, and manages various marinas under the 1°ree 15 brand globally. Over the years, the group has diversified its services to include luxury yacht chartering, consultancy, and management services through strategic expansions and a commitment to sustainability. SUTL has cemented its position as a leader in creating luxurious waterfront experiences.

So, yaching lifestyle is definitely catching on in our region. More people in the region are buying boats and bigger boats. The location must be strategic forming a network of marinas for boers sailing to North Asia or down to Australia in this enlarged area. So we have signed a conditional sales and purchase agreement to acquire and develop a marina in Phuket.

It is strategically located at it near popular and maritul island such as PP island and the rasha island to name a few. We're actively looking to acquire other marinas or site to build in Asia-Pacific such as Bali, Pinang and Australia. We hope to be able to in another one very soon. So we strive to build a string of pearl of marina around the region giving Boers more stopover option.

One degree 15 Senusa Cove underwent a 5 million Singapore dollars upgrade increasing the number of superyacht BS from 15 to 33. This expansion reflects the growing demand and enhances the marina's capacity to accommodate larger and more luxurious yachts. So the most important strategy to optimize birthing income is to be future ready. Over the years, the boat has been getting bigger and ecoefficient.

That is the main reason why 115 Sentosa on board on a marina re reconfiguration exercise in year 209. The reconfiguration doubled our superyacht capacity from 15 vessel to 33 vessel which is a plus 80% 80% of Lisible marina area. We are reviewing other areas within the marina to further increase the birthing capacity. People are a key resource as is the single biggest expand line.

We will continue to develop and upskill our staff to be more productive. We will also continue to keep our facilities fresh and appealing for our members and visitors. The group differentiates itself from competitors in the luxury yaching industry. So we believe in delivering unique experience, iconic event and exceptional service to our member guests and boers at our 150.

Being awarded the five platinum go anchor marina status. We believe this accolade assures our members and voters of our accepting standard at one degree 15 being steward of the environment is at the heart of what we do. We have embarked on several marine conservation initiative in recent years. One of the such example is a nonprofit marine conservation event namely the water edifest which was introduced in 2022.

The event promotes, inspires and connect all advocates, change maker and business leaders in the region to fight climatic change. We also created iconic event including the recently concluded Singapore Yaching Festival. We saw an increase in the numbers of leading York exhibitors, boats and visitor to showcase our expertise marina management development and even event management instillering confident in potential developers and marina owner. With a strategic vision and unwavering commitment to sustainability, SUL Enterprise Limited continues to set new benchmarks in the luxury yaching industry.

Their expansion plans and innovative events demonstrate the dedication to creating unparalleled waterfront experiences. SUTL's focus on strategic growth and sustainability ensures that they will continue leading the marina industry, offering more luxurious experiences worldwide. As SUTL navigates new horizons, they remain at the forefront of the marina and yaching world, promising even greater adventures for their members and guests.