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ANNUAL REPORT FY2017 Artist’s Impression of Punggol Digital District 1 JTC CorporationCREATING TOMORROW'S INDUSTRY SPACES CONTENTS 03 05 09 10 14 20 28 34 39 Joint Message by Chairman and CEO FY2017 Highlights Board Members Senior Management Creating Innovative Industry Spaces to Enhance Productivity and Collaboration Planning Future-Ready and Community- Centric Next-Generation Districts Driving Sustainability and Innovation Across Our Work Building Vibrant and Collaborative Communities Financial Highlights and Review insert Review of Subsidiary Company 2 JTC Corporation MISSION To develop industrial infrastructure to catalyse the growth of new industries and transform existing enterprises Artist’s impression of Punggol Digital District Annual Report FY2017 3 JOINT MESSAGE by chairman and ceo In FY2017, we made available 183,900 sqm of industrial space through our newly completed developments and 26.5 hectares of industrial land via the Industrial Government Land Sales (IGLS) Programme.
We also allocated 243.8 hectares of land to 124 companies and 164,200 sqm of space to 267 companies over the year to support the growth of industries and enterprises.

To accelerate industry transformation and reduce business costs, we continued with the development of customised solutions and completed facilities including JTC Food Hub @ Senoko and JTC Space @ Tuas.
At CleanTech Park in Jurong Innovation District (JID), we have also completed LaunchPad that will house advanced manufacturing, cleantech and engineering startups.

To better support industrialists in their business growth, Housing Development Board’s industrial properties and land were transferred to JTC on 1 January 2018.
This consolidation of all public sector industrial land and properties under a single government agency will provide our customers with a one-stop access to the full range of public sector industrial facilities, and better support for their land and space needs across the different stages of business growth.

During the year, we stepped up our efforts to plan and develop next-generation industrial estates that aim to bring together businesses, talent, students and the community.
These estates will also serve as living labs to catalyse the development of new urban solutions.

One example is Singapore’s first autonomous vehicle (AV) test centre in JID.

The 2-hectare Centre of Excellence for Testing and Research of Autonomous Vehicles – NTU was developed jointly with the Nanyang Technological University and Land Transport Authority, and will spearhead the development of AV testing requirements for their safe deployment on public roads.
The Centre will anchor Singapore’s position in supporting the testing and eventual widespread deployment of AVs.

one-north was also designated as Singapore’s first drone estate to facilitate the trial of innovative unmanned aircraft systems technologies and commercial use cases.

Under this drone estate initiative, approved operators and research users can carry out trials and operations at one-north without compromising safety and security.
Experiences gleaned from this initiative will serve to inform how we can better design incorporate new technologies, and future precincts to accelerate their adoption.

be a vibrant and inclusive district underpinned by cutting-edge technology, as well as urban and social innovation which will make everyday living more convenient and sustainable.
As Singapore’s first Enterprise District, PDD will provide flexibility for the land use mix and scale to be curated at district level, enabling deeper integration and synergy of different uses and spaces to realise the vision of the District.

Sited with SIT and community facilities, JTC’s business park buildings will house key growth sectors of the digital economy such as cybersecurity and Internet of Things, which will in turn drive the wider transformation efforts for the Singapore economy.
FY2017 also saw our continued drive to more sustainably and innovatively manage our buildings and estates.

In February this year, we commissioned the J-Ops Command Centre, the centrepiece of JTC’s facilities management (FM) transformation journey.

As one of the first integrated command centres set up for FM in Singapore, the Command Centre integrates a group of smart systems to allow comprehensive oversight of FM operations in our developments and estates.
We also launched a new business model for the utilisation of our rooftops to generate solar energy to be exported fully to the national grid.

Named SolarRoof, the new business model is the outcome of successful test-beds conducted since 2015 on two of our industrial buildings.

Under SolarRoof, JTC’s rooftops generate solar energy that will be sold by generation companies in the open energy market.
This effectively allows more industrialists, businesses and residential consumers to access solar generated electricity, regardless of roof constraints and high capital costs of solar PV installations.

All these would not have been possible without the guidance of the JTC Board and the support of our customers and partners.

We would like to express our appreciation to the JTC Board for their counsel and direction.
On behalf of the board and management, we would like to thank the board members who have stepped down, including Mr Ngiam Shih Chun, Lieutenant-General Perry Lim Cheng Yeow and Mr Yeoh Oon Jin.

We would also like to thank our customers, business associates and partners for their confidence and support, as well as all JTC colleagues for their commitment and hard work.
In FY2018, we will continue to push boundaries, build resilient business communities and create tomorrow’s industry spaces, with innovation and sustainability remaining at the core of our work.

together with this year, JTC, In January the Urban Redevelopment Authority, Infocomm Media and Development Agency and the Singapore Institute of Technology (SIT), jointly unveiled the Punggol Digital District (PDD) Masterplan.
PDD is planned as part of Singapore’s strategy to sustain long-term economic growth by creating new development areas island- wide, and bringing good jobs and social amenities closer to home.

Situated in Punggol North, the District is envisioned to Dr Loo Choon Yong Chairman JTC Corporation Mr Ng Lang Chief Executive Officer JTC Corporation 4 Annual Report FY2017 FY2017 Highlights Gross allocation of JTC’s prepared industrial land* Land Area (Ha) 243.8 No.
of companies 124 Allocation of JTC’s prepared industrial land by industry: 28% precision & transport engineering 20% electronics 12% construction 10% chemicals 7% TRANSPORTATION & STORAGE 5% general manufacturing 18% other industries *Excludes Prepared Industrial Land that is tendered out as part of the IGLS programme 5 JTC Corporation Gross allocation of JTC’s ready built facilities Floor Area (‘000 sqm) 164.2 No.
of companies 267 Allocation of JTC’s ready built facilities by industry: 15% precision engineering 13% general manufacturing 6% INFORMATION & COMMUNICATION 10% electronics 10% professional, SCIENTIFIC & technical activities 6% transport engineering 40% other industries 6 Annual Report FY2017 Gross Allocation and Returns for JTC’s Prepared Industrial Land,* FY2013 to FY2017 Hectares 300 200 100 0 FY13 FY14 FY15 FY16 FY17  Gross Allocation  Returns *Gross Allocation for Prepared Industrial Land data excludes IGLS allocations FY2017 figures include previous HDB industrial properties that were transferred to JTC in January 2018 7 JTC Corporation Gross Allocation, Returns and Occupancy Rate for JTC’s Ready-Built Facilities, FY2013 to FY2017      ‘000 sqm 200 160 120 80 40 0 Occupancy Rate 100% 80% 60% 40% 20% 0% FY13 FY14 FY15 FY16 FY17  Gross Allocation  Returns   Occupancy Rate FY2017 figures include previous HDB industrial properties that were transferred to JTC in January 2018 8 Annual Report FY2017 BOARD MANAGEMENT For FY2017 Chairman Dr Loo Choon Yong Chairman JTC Executive Chairman and Co-Founder Raffles Medical Group Members MR Vincent Chong President and Chief Executive Officer ST Engineering Ltd Mr Guy Harvey-Samuel Chairman HSBC Singapore Ms Kwa Kim Li Managing Partner Lee & Lee Advocates & Solicitors MS Lai Wei Lin Deputy Secretary (Policy) Ministry of Education Mr Olivier Lim Chairman Certis CISCO Security Pte Ltd Lieutenant- General Perry Lim Chief of Defence Force Ministry of Defence Till
 31 March 2018 MR Ng Chee Keong Chairman Jurong Port Pte Ltd Mr NgIAm Shih Chun Deputy Secretary (Industry) Ministry of Trade & Industry Till 31 January 2018 Ms Jeanette Wong Group Executive Institutional Banking Group DBS Bank Ms Jessie Yeo Executive Secretary Union Centric Metal Industries Workers’ Union Mr Yeoh Oon Jin Executive Chairman PricewaterhouseCoopers LLP Till 31 March 2018 Mr Ng Lang Chief Executive Officer Urban Redevelopment Authority Till 31 August 2017 Chief Executive Officer JTC From 1
 September 2017 Mr Png Cheong Boon Chief Executive Officer JTC Till 31 August 2017 9 JTC Corporation senior MANAGEMENT For FY2017 Mr Ng Lang Chief Executive Officer From 1 September 2017 Mr Png Cheong Boon Chief Executive Officer Till 31 August 2017 Mr Heah Soon Poh Assistant Chief Executive Officer Engineering & Operations Group Mr Alvin Tan Assistant Chief Executive Officer Industry Cluster Group Mr David Tan Assistant Chief Executive Officer Development Group Mr Terence Seow Assistant Chief Executive Officer Corporate, Policy & Planning Group Enterprise Cluster Group Vice-Dean JTC Academy Mr Seah Kee Pok Dean JTC Academy Advisor Ms Chee Wan Chin Group Chief Financial Officer Director Billing & Reporting Ms Cindy Chou Director JTC Academy Mr Goh Thong Director Audit & Advisory Ms Lee Chuay Noi Director Human Resources Mr Harold Soong Director Treasury & Payments Ms Christine Wong Director Communications Industry Cluster Mr Leow Thiam Seng Group Director Cluster Group Ms Ma Ping Nee Group Director Cluster Group Director Logistics & Land Transport Ms Joanne Tan Group Director Cluster Group Mr Cheang Tick Kei Director Precision Engineering & Construction 10 Annual Report FY2017 Ms Susan Goh Director SHiFT Project Office Ms Khoo Wee Lin Director InfoComm Media & Startup Till 31 Dec 2017 Ms Cindy Koh Director Energy & Chemicals Mr Leong Hong Yew Director Food & Lifestyle Mr Harold Soong Director Emerging Clusters Ms Glory Wee Director Aerospace, Marine & Urban
 Solutions Mr Cheong Wee Lee Acting Director Biomedical & Electronics Cluster Mr Lim Junwei Acting Director InfoComm Media & Start-Up Ms Wee Pei Yean Acting Director Products Division Enterprise Cluster Mr Khoo Teng Seong Group Director Mr Ho Ting Hor Director Industrial Redevelopment Mr Lee Say Kee Director Industrial Lands Ms Tang Li Fun Director Industrial Properties Management Ms Yap Chung Lee Director Industrial Facilities Management Development Ms Josephine Loke Group Director Land Planning & Redevelopment
 Mr Anil Das Director Innovation Programme Office Ms Vivien Tan Director Land Redevelopment 11 JTC Corporation Ms Tang Hsiao Ling Director Land Planning Ms Finn Tay Director New Estates Division 1 Mr Tay Ter Long Director Contracts & Procurement Mr Aaron Tham Director New Estates Division 2 Engineering & Operations Mr Mark Koh Group Director Facilities & Estates Management Director Estates & Facilities Planning Mr Png Giok Hua Group Director Infrastructure Development Mr Calvin Chung Director Reclamation & Infrastructure Mr Koh Chwee Director Technical Services Mr Ong Chia Choong Director Security Mr Teo Tiong Yong Director Public Projects Mr Jason Foo Acting Director Building Management Mr Wong Wei Loong Acting Director Innovative Space Corporate, Policy & Planning Mr Anil Das Director Corporate Planning Mr William Lim Advisor Ms Yvonne Lim Director Policy & Research Mr Mohd Hafiz Bin Sayuti General Counsel Legal Services Ms Siew Yim Cheng Chief Information Officer Information Technology Ms Vivien Tan Director Organisation Excellence 12 Annual Report FY2017 The refurbished Jurong Town Hall is one of Singapore’s national monuments.
Creating Innovative Industry Spaces to Enhance Productivity and Collaboration completed facilities in FY2017 JTC Food Hub @ senoko JTC Food Hub @ Senoko is a seven storey ramped-up development with an integrated cold room and warehouse facility for companies in the food manufacturing industry.

The shared facility helps reduce companies’ initial start-up and operations costs as they would not need to build and maintain their own cold rooms, or invest in their own delivery fleet.
The development comprises modular units of about 1,100 sqm, with the flexibility to combine units to form larger spaces.

GFA: 85,800 sqm Completed in Jul 2017 50 modular factory units cold room & warehouse (15,800 sqm) (avg.

1,130 sqm per unit) jurong town hall Officially opened by Prime Minister Lee Hsien Loong in November 2017, the six storey building comprises refurbished spaces such as business spaces and shared facilities like an auditorium, theatrette, and meeting and training areas.
Home to close to 30 trade associations today, this 43-year- old building was gazetted a national monument in 2015.

GFA: 30,500 sqm Restoration works completed in Sep 2017 15 JTC Corporation innovative spaces JTC Space @ Tuas JTC Space @ Tuas caters to both multinational companies and small and medium enterprises from a diverse range of industries including oil and gas, precision engineering and general manufacturing.
The seven land- based factories on the ground floor have high floor-to-ceiling height and heavy floor loading, catering to companies involved in heavier manufacturing activities, while the flatted factories units on the upper floors are suitable for light manufacturing activities.
GFA: 159,800 sqm Completed in Dec 2017 7 land-based factories (from 2,800 sqm) 36 ramp-up factories (from 1,600 sqm) 87 flatted factories (from 160 sqm) JTC LaunchPad @ Jurong Innovation District JTC LaunchPad @ Jurong Innovation District is an expansion of JTC’s LaunchPad initiative to support startup activities in Singapore.

This new node in CleanTech Park will support a startup cluster focusing on, but not limited to, advanced manufacturing, engineering and urban solutions.
The close proximity of the LaunchPad to Nanyang Technological University and the network of corporations and research institutions within CleanTech Park will facilitate collaborations and the cross-fertilisation of ideas.

The presence of a small-scale rapid prototyping facility within the development will help startups with their small batch and single-piece prototyping needs, without the need for them to incur high upfront capital expenditure.
GFA: 3,600 sqm 35 Completed in Jun 2017 units of startup and enabler space (25 - 200 sqm per unit) 2 units of workshop space (540 sqm per unit) 16 Annual Report FY2017 upcoming facilities trendspace to cluster trendspace is Singapore’s first high-rise multi- tenanted development furniture, design and lifestyle-related companies.

It will house furniture manufacturers, interior fit-out specialists, material suppliers and designers under one roof, creating a thriving ecosystem of design and innovation.
The development will also feature a training institute, collaborative spaces for designers, as well as an Experience Centre to showcase product designs with interactive and immersive user experiences.

GFA: 68,400sqm Completing in 2019 63 modular units (500 - 1,000 sqm per unit) 17 JTC Corporation innovative spaces TimMac @ Kranji TimMac @ Kranji is a first of its kind development in Singapore to cluster small and medium enterprises from the metals, machinery and timber industries.
Its high design specifications will support these companies’ operational initiatives.

requirements and productivity Jointly conceptualised with industry associations, TimMac will offer shared services managed by the Singapore Cranes Association and Singapore Timber Association to drive industry transformation and increase productivity of companies at the facility.

GFA: 137,000 sqm Completing in 2020 36 metals and machinery production units (avg.
1,400 sqm per unit) 52 timber production units (520 - 1,200 sqm per unit) Design Orchard Total GFA: 2,350 sqm Completing in end 2018 A multi-agency effort by JTC, Singapore Tourism Board and Enterprise Singapore, the two and a half storey Design Orchard aims to nurture home-grown brands and profile local design talents.
Housing retail, incubation and event spaces under one roof in the heart of Orchard Road, Design Orchard will foster collaboration and offer varied opportunities for designers to test-bed and commercialise their products.
18 Annual Report FY2017 Artist’s Impression of Jurong Innovation District 19 JTC Corporation Planning Future-Ready and Community-Centric Next-Generation Districts 20 Annual Report FY2017 PUNGGOL DIGITAL DISTRICT MASTERPLAN LAUNCH A multi-agency effort by JTC, Infocomm Media and Development Agency, Singapore Institute of Technology (SIT) and Urban Redevelopment Authority, Punggol Digital District (PDD) is Singapore’s first district to adopt an integrated masterplan approach designed to create an inclusive and sustainable environment where technology and social innovations will transform the way we work, live, play and learn.
Officiated by Guest-of-Honour Deputy Prime Minister Teo Chee Hean, the masterplan launch of PDD was held in January this year at Waterway Point.

50 hectares 12,000 students 28,000 new jobs The 50-hectare district is envisioned to support companies and talents in key growth areas of digital and cybersecurity.

These growth industries are set to create about 28,000 jobs for the future economy.
PDD will be the first district in Singapore that brings together a business park and a university, surrounded by community facilities and public spaces right from the planning stage.

This integrated masterplan approach allows for district-wide infrastructure and technologies to be designed and implemented, thus optimising use of land, energy and resources.
21 JTC Corporation An Enterprise District Next-generation DISTRICTS JTC Facilities in SIT Building Industry R&D spaces SIT Facilities in JTC Building Incubator spaces Learning facilities Research labs PDD adopts a new land zoning approach with greater land use flexibility at the district level.

JTC, as the master developer of PDD, is able to optimise and integrate the different land use needs across the District.
For instance, SIT’s research labs and learning facilities could be located inside JTC business park buildings.

Similarly, JTC could also host industry R&D facilities and create startup spaces within SIT buildings.
As different land uses can be sited within each building, this “exchange” of space will encourage the co- location of complementary activities and potentially result in greater synergies between academia and businesses, facilitating the creation, test-bedding and prototyping of new ideas and innovations.
Potential Estate Level Initiatives Hub Parking Urban Logistics Hub Pneumatic Waste Conveyance System Personal Mobility Devices (PMD)- Friendly Facilities District Cooling System 22 Annual Report FY2017 COMMUNITY FACILITIES AND PUBLIC SPACES The PDD community and Punggol residents can look forward to a variety of public spaces and community facilities such as a Campus Boulevard, Heritage Trail, and Market Village at the waterfront.
Campus Boulevard The 800m pedestrianised street will stretch between the SIT campus and JTC’s business park buildings, serving as a key gathering space, providing a direct connection to the waterfront, as well as offering easy access to the Punggol Coast MRT Station.

It will be designed for active mobility options such as walking, cycling and PMDs, with various retail and F&B offerings along the Boulevard.
Market Village Along the waterfront, a bustling Market Village is planned to offer retail, dining and leisure options, as well as public event spaces for the Punggol community to enjoy, relax and unwind.

Coney Island Park will be within walking distance from the Market Village.

Heritage Trail The existing Punggol Road will be transformed into a 1,300m pedestrianised green link from Punggol Waterway Park to the Punggol Promenade Park Connector.
trail will also connect Punggol The Waterway, PDD and the upcoming residential district at Punggol Point.

Existing greenery will be conserved to retain the area’s unique topography.

23 JTC Corporation Next-generation DISTRICTS one-north singapore’s first drone estate Conceptualised in 2001, one-north is a research and business park that serves as a fertile ground for research and innovation.

JTC is the lead agency to master plan and develop this 200-hectare development.
Today, one-north houses over 400 leading companies in key growth sectors, namely biomedical sciences, infocomm technology, media, startups, science and engineering.

one-north is also home to more than 46,000 knowledge workers, researchers, entrepreneurs and students.

The estate is a living lab where startups, technology owners and research institutions can leverage opportunities to test-bed their latest urban solutions, such as autonomous vehicles, drones and personal mobility device sharing systems.
In February, one-north was designated as Singapore’s first drone estate, which aims to provide companies and research institutions with an urban environment to test-bed innovative unmanned aircraft systems (UAS).

one-north was chosen as it offers an ideal location to test varying urban environment complexities for UAS operations.

These comprise various typologies ranging from high-rise to low-rise buildings, as well as public spaces like parks.
Under the initiative, approved operators and research users can carry out their trials and operations at one-north without compromising safety and security.

For instance, JTC and H3 Dynamics are collaborating to enhance the quality and productivity of building inspections, by automating the current manual process with an autonomous drone data collection and analytics solution for building facades and vertical surfaces in one-north.
In addition, Airbus is also at an advanced stage of its experimental project ‘Skyways’, to develop a safe and economically viable aerial unmanned parcel delivery system for use in dense urban environments.

24 Annual Report FY2017 Jurong Innovation District SINGAPORE’S LARGEST LIVING LAB First announced in 2016 by Finance Minister Heng Swee Keat, the 600-hectare Jurong Innovation District (JID) covers Nanyang Technological University (NTU), JTC’s CleanTech Park, as well as the Bulim, Bahar and Tengah areas.
The district will play host to factories of the future and companies at the forefront of key growth sectors such as advanced manufacturing, urban solutions and smart logistics.

It is envisioned to be a workplace of the future that will be home to researchers, students, innovators and businesses.

As Singapore’s largest living lab for new technologies and urban solutions, the district will serve as a live test- bed environment for companies.
LaunchPad @ JID will house startups, incubators and accelerators, and include makers’ and co-working spaces that will help companies reduce the time to market for their solutions to become commercially viable, thereby reducing their business risk.

It will also be open to other test-bedding activities such as the testing of autonomous vehicles.

In November last year, a 2-hectare test facility located within the Jurong Innovation District was jointly unveiled by JTC, the Land Transport Authority and NTU.
This test facility will support the Centre of Excellence for Testing & Research of AVs – NTU (CETRAN) to spearhead the development of testing requirements for Autonomous Vehicles (AV).

The AV test circuit provides a simulated road environment for the testing and certification of AVs.

The circuit also features a rain simulator and flood zone to test AVs’ navigation abilities under different weather conditions.
These are some test-bedding activities that have kick-started in JID and more will take place as JID develops over the next few decades.
25 JTC Corporation Next-generation DISTRICTS Woodlands North Coast FLEXIBLE ZONING TO FACILITATE TRANSFORMATION OF BUSINESS MODELS In April 2017, Minister of National Development Lawrence Wong unveiled the “Star Destination of the North” exhibition that showcased the proposed plans for six new developments and enhancements to the existing Woodlands neighbourhood centres in the northern town.
Set within the neighbourhood is also the Woodlands North Coast, the new heart of the Woodlands Regional Centre, jointly masterplanned by JTC and URA.

Woodlands North Coast will be home to a future business hub which aims to address the evolving nature of Singapore’s manufacturing sector.

The first building in Woodlands North Coast will be part of a pilot flexible zoning approach at the building level, allowing activities to go beyond the current 60/40 rule.
This will support manufacturing companies looking to co- locate their service-driven activities like R&D and after-sales support alongside their manufacturing operations.

Companies that have offshored their lower value-added activities can also maintain their more knowledge-intensive activities here, while retaining close oversight of their operations overseas.
With the new Woodlands North MRT station of the upcoming Thomson-East Coast line situated within Woodlands North Coast, the 70-hectare development will be a significant employment cluster, bringing jobs closer to homes in the Northern Region.

A car-lite, pedestrian-friendly district that provides a safe and comfortable environment for active mobility.

An inviting, campus-like environment with outdoor public spaces that are seamlessly integrated with the buildings.
26 Annual Report FY2017 The iconic Jurong Town Hall building served as one of SolarRoof’s test-bed locations.

27 JTC Corporation Driving Sustainability and Innovation Across our Work 28 Annual Report FY2017 Transforming Facilities Management at JTC JTC embarked on its Facilities Management (FM) transformation journey in 2013 in response to challenges in the existing FM industry and to address changes in the FM landscape.
Some of these challenges include labour crunch and an ageing workforce; rising operating and energy costs; and increased expectations on JTC as a building developer to seek more sustainable and productive solutions for better manpower and resource deployment.

This is evident with JTC’s growing portfolio of properties – from 1.3 million sqm in 2013 to more than 5 million sqm in 2017.
To overcome this changing FM landscape, JTC worked on upskilling its staff, streamlining processes, and leveraging new technologies.

Launched in February this year, the J-Ops Command Centre exemplifies and validates JTC’s transformation from traditional laborious FM to efficient, productive and sustainable FM practices today.

The Centre is one of the first integrated building and estate operations command centres in Singapore.
It houses multiple smart FM systems with functions such as building optimisation, estate monitoring, and workflow automation to allow JTC to remotely monitor FM operations for the majority of its developments and estates across the island.

Commissioned by Second Minister for National Development Desmond Lee, the Command Centre allows JTC to achieve improvements in tenant comfort, reductions in energy leakages, and efficiencies in resource deployment.
Beyond that, the team stationed in the Centre is able to pull and analyse data from pilot FM systems deployed in JTC developments.

JTC is currently piloting systems to monitor lift performance, waste collection and user temperature preferences.

The newly commissioned J-Ops Command Centre allows JTC to achieve improvements in tenant comfort, reductions in energy leakages and efficiencies in resource deployment.
29 JTC Corporation Driving Sustainability and Innovation Smart FM systems housed in the J-Ops Command Centre include: The Building Optimisation System, a cloud-based system that allows JTC to centrally and remotely monitor, analyse, and optimise performance of our buildings.

The Automated Workflow System, designed to be the backbone of JTC’s FM digitalisation journey, digitalises all FM-related work orders as a bid to automate and improve existing work processes.
Feedback provided by customers or tenants regarding facilities’ faults is documented and tracked in the system, then re-routed to the respective facilities manager or technician to be resolved.

An integrated Estate Monitoring System that pulls video feeds from the CCTVs deployed at more than half of JTC estates and developments.
The system has integrated customised video analytics to bring potential security occurrences to the attention of the security team, which could then activate the required response on the ground quickly.

Pilot FM Systems: JTC is currently test-bedding new FM systems, such as Comfy and Bigbelly Bins.

• Currently test-bedded in JTC Summit, Comfy is a mobile app designed to improve building occupants’ comfort by allowing users to control the temperature in their workspace with the click of a button.
Upon indication of their preference, the application sends a signal to the mechanical vents to open or close for a short span of 10 minutes.

Through the amalgamation of user preferences, JTC is able to not only improve the workplace experience, but also leverage these data for better building and development designs in future.

• 88 BigBelly smart bins have been deployed across JTC’s developments and estates.
These smart bins are solar-powered, self-compacting and cloud-connected to improve productivity and eliminate bin overflows.

The JTC team is also able to access the system dashboard from the J-Ops Command Centre to optimise collection routines, understand waste patterns and better deploy manpower.
Estate Monitoring Building Optimisation Workflow Automation Innovation Testbedding Data Analytics Anomaly Detection Investigation Assets Profiling Fault Rule Programme 30 Annual Report FY2017 solarroof To catalyse the growth of sustainable energy in Singapore, JTC has been working on several solar initiatives, including SolarRoof.

This business model was launched in June 2017 to promote the adoption of solar energy.
It was conceptualised to overcome some of the challenges faced by the local solar market such as roof constraints and high capital costs.

As part of this initiative, appointed generation company Sun Electric will be renting rooftop space on 27 JTC buildings to install solar panels capable of generating electricity.
Unlike existing solar leasing models where solar energy generated primarily serves only the users of the building itself, this alternative model allows for power generated to be fully exported to Singapore’s national grid.

This means that occupants of buildings that have not been fitted with solar panels will also be able to purchase this renewable energy.

On the other hand, JTC will be able to optimise its roof space and provide more sustainable energy options to our customers.
By leading the way with this new SolarRoof model, JTC hopes to encourage more solar installations in Singapore, since building owners will now be able to generate revenue from the use of their roof space, regardless of their own energy demands.

31 JTC Corporation Driving Sustainability and Innovation The SolarRoof test-bed included rooftops of JTC’s standard factories in Tuas.
32 Annual Report FY2017 Aerospace Day at Seletar Aerospace Park 33 JTC Corporation BUILDING VIBRANT AND COLLABORATIVE COMMUNITIES Annual Report FY2017 34 Seletar Aerospace Park STRENGTHENING COMMUNITIES THROUGH SOCIAL AND INDUSTRY engagement As the region’s leading hub for aerospace activities, the 320-hectare Seletar Aerospace Park (SAP) has since transformed from a sleepy enclave into a world-class aerospace park.

Over 60 global and local aerospace industry players have made Seletar their ‘Home in Asia’.
These companies include some of the industry’s biggest names such as Airbus, Bombardier, GE Aviation, Pratt & Whitney, Rolls-Royce, and Safran, as well as home-grown companies like ST Aerospace and Wah Son, and a vibrant growing population of over 6,000 professionals.
In February 2018, JTC together with the Association of Aerospace Industries Singapore (AAIS), close to 30 aerospace companies, the local polytechnics and Institute of Technical Education (ITE) signed a Memorandum of Understanding for a series of student outreach initiatives to develop a pipeline of industry- ready talent for the fast-growing aerospace sector.
This includes the inaugural Aerospace Day, where over 800 students from the polytechnics and ITE were taken on exclusive tours at aerospace companies’ facilities in SAP, and participated in a range of aerospace-themed workshops, activities as well as a career fair.

The event was specially planned to be held at SAP to expose students to the unique work environment.
To create a strong sense of belonging within the SAP community, regular inter-company sport competitions, exercise classes, workshops, focus groups, and networking sessions are also organised in collaboration with AAIS and companies.

Over the next couple of years, visitors to SAP can also look forward to a heritage trail along the stretch of Round-Island-Route through SAP that will exhibit the rich history of Seletar.
This project is developed in partnership with Seletar Hills Estate Residents’ Association, National Parks Board and National Heritage Board.

It builds on SAP’s rich heritage to give the Park a unique identity and enhance its attractiveness as a destination for both work and leisure.
35 JTC Corporation Building Communities one-north Stepping up COMMUNITY BUILDING In order to make one-north a truly great place to work, live, learn and play, JTC goes beyond focusing on physical infrastructure by stepping up its community building initiatives with the introduction of programming at public spaces within one-north.
Over the past few years, JTC has been working closely with partners to initiate and sustain regular social events such as the monthly Fantastic Fridays @ one-north, bi-monthly Lunch & Learn @ one-north, weekly Healthy Workplace Ecosystem activities and large-scale annual events like one-north Festival, one-north Run, RACE.EAT.PLAY, and Car-Free Sunday SG @ one-north.
one-north run Fantastic Fridays @ one-north Greeted by clear weather, good food and a fun carnival, the annual one-north Run jointly organised by JTC and Agency for Science, Technology and Research (A*STAR) attracted more than 2,000 running enthusiasts.

It raised more than $200,000 for the Singapore Children’s Society, the Asian Women’s Welfare Association (AWWA) and the Movement for the Intellectually Disabled of Singapore (MINDS).
On the first Friday of every month, JTC organises Fantastic Fridays @ one-north that brings an array of fun-filled activities to the community.

Each month, it is held concurrently during lunchtime at a major node in both Biopolis and Fusionopolis.

To cater to different interests, JTC curates the activities around quarterly themes, which include ‘Sports and Games’, ‘Entertainment’ and ‘Wellness’.
With this initiative, JTC aims to enhance the lunch time vibrancy in the estate and to encourage social interactions among the community members.

37 JTC Corporation Building Communities 38 one-north Festival Themed “Pioneering an Innovation Future”, the second edition of one-north Festival at Biopolis featured an exciting line-up of science and technological innovations.
Jointly organised by JTC and A*STAR, the two-day event featured expert talks, laboratory tours and open houses, five interactive workshops and 47 exhibition booths across three key thrusts – Future Living, Future Work and Future Health.

One of the key highlights of the festival was the inaugural RACE.EAT.PLAY organised by JTC.
With the aim of making innovation fun to the one-north community and the general public, the event included one-north’s first soapbox race, which saw 14 teams competing using handmade, non-motorised cars powered by gravity.

There were also drone flying workshops and Future Food Street where visitors tried new culinary concepts such as nitrogen desserts.
The festival brought together the one-north community, members of the public, and also the younger generation, promoting a better understanding of one-north’s industry ecosystem and hopefully inculcating a passion for engineering and R&D among the children.

Annual Report FY2017 financial Highlights and review overview Financial Results Financial position FY2017 saw JTC Group reporting a healthy performance with a net surplus of $0.9 billion.
The Group’s financial position remains strong with $21.6 billion in equity.

The Group achieved an increase in operating revenue to $2.0 billion, with additional rental income from the transfer of previous HDB’s industrial properties on 1 January 2018.

Other income was reduced to $0.6 billion, largely due to lesser gain on disposal of investment properties.
During the year, the Group continued its effort to develop industry spaces and invested a total of $1.8 billion in capital expenditure, stemming from alienation of industrial land and development for building projects such as JTC Space @ Tuas, JTC Food Hub @ Senoko and trendspace.

As at 31 March 2018, total assets stood at $27.1 billion.

This was a 5% increase from the previous year, largely due to the ongoing investment in land and building developments.
Investment properties increased by 38% to $17.9 billion after the transfer of HDB’s industrial properties.

Investment properties, property, plant and equipment as well as other receivables accounted for 83% of total assets.
39 JTC Corporation GROUP FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS For the Year ($’Mil) FY2017 FY2016 Change Operating revenue 1,989 1,957 1.6% Non-operating income Net surplus 645 944 826 -21.9% 1,071 -11.9% Capital expenditure 1,824 1,725 5.7% $944 MIL -12% NET SURPLUS FINANCIAL POSITION At Year End ($’Mil) FY2017 FY2016 Change Investment properties 17,941 12,965 38.4% Total assets 27,102 25,757 5.2% Total borrowings 428 459 -6.8% Total liabilities 5,469 5,087 7.5% Total equity (excluding non-controlling interest) 21,615 20,670 4.6% KEY FINANCIAL RATIOS Debt-equity ratio (%) Interest coverage (times) Return on total assets (%) Return on capital employed (%) Value added per employee ($’Mil) FY2017 FY2016 Change 2 138 3.6 4.4 1.6 2 0% 149 -7.4% 4.1 5.1 -0.5% -0.7% 1.7 -5.9% $21.6 BIL +5% TOTAL EQUITY 4.4% -0.7% RETURN ON CAPITAL EMPLOYED 40 Annual Report FY2017 FINANCIAL REVIEW operating revenue Distribution of Group’s Operating Revenue FY2016 3% 7% 90% FY2017 3% 8% 89% Land and building rental income Land and building rental income Income from port operations Other operating revenue Income from port operations Other operating revenue operating expenses Distribution of Group’s Operating Expenses FY2016 1% 34% 6% FY2017 1% 31% 6% 11% 12% 12% 13% 21% 18% 18% 16% Loss in recoverable amount of investment properties Loss in recoverable amount of investment properties Depreciation Other expenses Employee compensation Maintenance and conservancy Property tax Finance expenses Depreciation Other expenses Employee
 compensation Maintenance and conservancy Property tax Finance expenses 41 JTC Corporation FINANCIAL REVIEW Group Capital Expenditure ($’Mil) Group Capital Expenditure ($’Mil) 2,000 1,600 1,200 800 400 0 65 753 907 FY2016 FY2017  Land  Land and building development  Others Total Assets ($’Mil) 30,000 25,000 20,000 15,000 10,000 5,000 0 25,757 27,102 5,455 7,092 245 12,965 29 684 1,111 6,263 2,655 243 17,941 FY2016 FY2017  Other assets  Cash and cash equivalents  Investment in associate and joint ventures 
 Investment properties Capital, Reserves and Liabilities ($’Mil) 30,000 25,000 20,000 15,000 10,000 5,000 0 25,757 854 459 3,774 20,670 27,102 938 428 4,103 21,633 FY2016 FY2017  Capital and reserves  Deferred income  Borrowings  Other liabilities 42 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2018 43 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES REPORT AND FINANCIAL STATEMENTS FINANCIAL HIGHLIGHTS AND REVIEW C O N T E N T S Statement by Jurong Town Corporation Independent auditor’s report Statements of comprehensive income Statements of financial position Statements of changes in equity Consolidated statement of cash flows Notes to financial statements PAGE 45 46 - 49 50 51 – 52 53 54 – 55 56 – 97 44 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES STATEMENT BY JURONG TOWN CORPORATION 50 to 96 45 JTC Corporation INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BOARD OF JURONG TOWN CORPORATION FINANCIAL HIGHLIGHTS AND REVIEW 50 to 97. page 45, 46 Annual Report FY2017 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BOARD OF JURONG TOWN CORPORATION 47 JTC Corporation INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BOARD OF JURONG TOWN CORPORATION FINANCIAL HIGHLIGHTS AND REVIEW 48 Annual Report FY2017 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BOARD OF JURONG TOWN CORPORATION 49 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES STATEMENTS OF
 COMPREHENSIVE INCOME Year ended 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 50 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES STATEMENTS OF FINANCIAL POSITION 31 March 2018 51 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES STATEMENTS OF FINANCIAL POSITION 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 52 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES STATEMENTS OF CHANGES IN EQUITY Year ended 31 March 2018 53 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES
 CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 54 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 March 2018 55 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 56 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 57 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 58 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 59 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 60 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 61 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 62 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 63 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 64 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 65 JTC Corporation JURONG TOWN CORPORATION AND
 SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 66 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 67 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 68 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 69 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO
 FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 70 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 71 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 72 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 73 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 74 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 75 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 76 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 77 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 78 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 79 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 80 Annual Report FY2017 81 JTC Corporation
T O N I 8 1 0 2 h c r a M 1 3 81 JTC Corporation FINANCIAL HIGHLIGHTS AND REVIEW 82 Annual Report FY2017 83 JTC Corporation FINANCIAL HIGHLIGHTS AND REVIEW 84 A
Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 85 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 86 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 87 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 88 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 89 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 90 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 91 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 92 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 93 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL HIGHLIGHTS AND REVIEW 94 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 95 JTC Corporation JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 FINANCIAL
 HIGHLIGHTS AND REVIEW 96 Annual Report FY2017 JURONG TOWN CORPORATION AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS 31 March 2018 97 JTC Corporation JTC Corporation The JTC Summit 8 Jurong Town Hall Road Singapore 609434 T: 1800 568 7000 F: +65 6565 5301 www.jtc.gov.sg jtccorp jtc_sg jtc-corporation JTCsingapore #JTCreates 98 JTC Corporation RELY ON US THE NEXT LAP OF TRANSFORMATION In FY17, Jurong Port (JP) completed the first phase of its transformation journey from being a landlord to becoming an operator.
In October 2017, a key milestone in our transformation journey was attained when port users, customers and industry stakeholders such as the Singapore Shipping Association (SSA) accepted the implementation of a new tariff for steel handling by JP and stevedoring companies.

This marked the successful culmination of a 3-year journey which JP undertook to professionalise the stevedore workforce in partnership with the stevedore companies and the industry.
JP is now directly responsible for more than 80% of all cargo handling, compared to less than 40% before 2015.

With our successful transition into an operator model, JP will no longer just be a provider of facilities and port infrastructure, but will also contribute our multipurpose port expertise in national strategic initiatives.
In addition, as part of an independent benchmarking survey conducted by the Maritime and Port Authority (MPA) of 30 global and regional multipurpose ports, JP was ranked among the world-class ports, and was ahead of all the regional multipurpose ports that were surveyed.

The 3 key areas of evaluation were Port Utilisation, Cargo Handling Productivity/Service Quality and Pricing.
Roland Berger, the consultant engaged by MPA, surveyed over 30 ports to gather data for the study, which included steel and cement terminals from well-known ports in Europe, USA, Asia and Australia.

The encouraging results confirmed that JP’s productivity improvements, achieved as part of our transformation journey, have been pivotal towards our ranking among other best-in-class ports.
Now, as we steer the course ahead as a multipurpose port operator, we are in a stronger position to unlock value in supply chains for industries through a suite of enhanced competencies in areas such as safety and operations.

Our expertise will allow JP to seek out new growth opportunities through the development of port-centric eco- systems and leverage technology to develop the next generation multipurpose port.
Over the past 3 years, we are proud of our efforts which have delivered: 1 3 5 7 Record levels of cement, steel and container handling rates Launch of Combi Terminal and Project Logistics Hub Improvement in our safety culture, competence and compliance 2 4 6 Transformation of operating model from Landlord to Operator Launch of JP Academy Launch of Jurong Port Tank Terminals Doubling our share of profits from our overseas joint ventures from FY16 to FY17 Against an ongoing challenging outlook in both the construction and offshore marine industries (that over the last 3 years has contributed to an overall fall in throughput of 24%), JP has recalibrated its strategy, mission and vision for the next lap of transformation, to drive growth in general and bulk cargo volumes, and to diversify its businesses.
JP will also increasingly leverage technology to achieve its vision as a next generation multipurpose port.

Going forward, JP will adopt a strategic national perspective and work closely with national agencies to reap efficiencies by connecting landward and seaward supply chains, while seeking growth initiatives that will reinforce Singapore’s maritime hub status.
2 Jurong Port core COMPETENCIES CEMENT handling productivity operational safety 6% 577 TPH (FY17) The productivity improvements for cement operations was achieved through 2 key thrusts which firstly, focused on improving our operators’ skillsets through training, and the tracking of daily performance; and secondly, introduced dual discharge operations by deploying a second unloader midway through the discharge process, thereby reducing vessel port stay time.
Other ongoing collaborative efforts include consignee and stevedore engagement to improve their vessel selection and trimming operations respectively.

Accident Frequency Rate (AFR) 43% improvement in 5.38 to 3.07 per million manhours over the course of FY17 Key initiatives included the introduction of the Monthly Management Safety Walkabout, a new Digital Safety Handbook for all staff, OHSAS 18001 and SS506 recertification and the creation of a new Safety Video to raise safety awareness.
steel handling productivity port security 18% 277 TPH (FY17) The higher Tonnes Per Hour (TPH) was achieved through improvements in the allocation of stevedore workforce resources since we took over as operator in October 2017, and tightening monitoring efforts over vessel operations by the staff to reduce unproductive time.
Other measures include the deployment of optimal gangs per vessel without compromising safety, as well as enhancements to cargo handling such as the use of higher grade lifting chains to increase the lifted weight per cycle.

Perimeter fence upgrading with the installation of a new Fence Intrusion System was completed in FY17 for Jurong Port’s mainland perimeter.
A long-term contract with CISCO was signed which incorporated various security-related requirements in the contract including the provision of security guards, CCTV installation/ maintenance and management of pass office.

Key initiatives that commenced in FY17 included the set-up of a new Integrated Command Center, and the implementation of Phase 1 of CCTV renewal/installation to provide better coverage in supporting Security, Operations and Safety.
3 Jurong Portjurongport LOCAL GROWTH Overall Volumes containers 7% 13.9 MILLION TONNES (FY17) 1% 311,000 TEUs (FY17) Outlook in FY17 continued to be challenging due to the downturn in the local construction and offshore marine sectors.

JP primarily serves multipurpose vessel and barge container operators which saw volumes remaining steady in FY17.
offshore Marine Centre (OMC) and Lighter Terminals 7% 0.9 MILLION TONNES (FY17) Lighter Terminals outperformed in line with strengthening demand for ship supplies due to increased vessel calls to Singapore.

General cargo 4% 6.2 MILLION TONNES (FY17) Demand for steel for new rigs continued to be negatively impacted by the overhang of rig capacity in FY17.

Bulk Cargo 11% 6.8 MILLION TONNES (FY17) Demand for cement was weak in line with reduced construction contract values in Singapore.
4 Jurong Port Ready-Mix Concrete (RMC) ecosystem to serve Construction Industry JP received support from JTC, BCA and URA to engage the construction industry on the potential development of an RMC facility at JP to supply construction materials for the Western region.

Industry engagement efforts started in end 2017. launch of Jurong Port Tank Terminals Jurong Port and partner, Oiltanking, celebrated the launch of the joint venture, Jurong Port Tank Terminals, on 20 September 2017.
The event was graced by Senior Parliamentary Secretary, Ministry of Education and Ministry of Trade and Industry, Ms Low Yen Ling.

It was attended by more than 90 guests from the petroleum, port and maritime industries.

The development of the new liquid bulk terminal will be an important milestone for Jurong Port as it will reinforce Singapore’s international maritime energy and chemicals hub status.

Operationalisation of Phase 1 is expected to take place in 2019.
Completion of Cement Terminal 1 (T1) upgrading Commissioning was completed at the end of FY17 and extended dual unloading capabilities to T1.

This will increase T1 productivity by up to 35% while reducing the port stay of cement vessels.

5 Jurong Portjurongport OVERSEAS GROWTH FY17’s total cargo volumes from the overseas portfolio was 22 million tonnes, a 16% increase over FY16.
6 Jurong Port RIZHAO Shandong, China 8% 13.2 million tonnes (FY17) MARUNDA Jakarta, Indonesia 55% 3.9 million tonnes (FY17) THROUGHPUT THROUGHPUT Demand for imports remains strong in China, but expect potential headwinds from US trade protectionism ahead.

In May 2017, Marunda Center Terminal was granted a 65-year concession by Indonesia’s Ministry of Transport to operate as a Public Terminal.

In July 2017, the construction of Terminal 1B was completed.

Operations started in August 2017.


YANGPU Hainan, China 23% 5.3 million tonnes (FY17) GENERAL AND BULK CARGO THROUGHPUT 256,000 TEUs (FY17) CONTAINER THROUGHPUT REMAINED STEADY FY17 general and bulk volumes benefited from increased marketing efforts, while container volumes remained steady.

Potential future expansion in grain and cement clinker volumes.
7 Jurong Portjurongport Organisational Excellence and Key Corporate EVENTS Recalibrated Strategy finalised at Strategy Workshop 2017 Key outcomes included a recalibrated Strategy, Mission and Vision statement to drive JP towards the Next Lap of Transformation.

Going forward, leveraging technology for deployment in day-to-day operations and business decision making will be a key focus area, and will be guided by a Technology Development Committee comprising senior management.
MOU signed between MPA, JP & National Transport Worker’s Union (NTWU) at the Sea Transport Industry Transformation Map (ITM) Launch This tripartite co-operation will equip port employees with future-ready skills to enhance capabilities, while increasing workplace safety and productivity, to support JP’s transformation into a next generation multipurpose port.

JP will focus on competency development and talent management by driving the redesigning of jobs towards higher value-added activities.
Jurong Port Academy (JPA) received Approved Training Organization (ATO) status In preparation to offer courses for the multipurpose port industry under the Skills Framework, JPA worked closely with SkillsFuture Singapore (SSG) to attain Approved Training Organisation (ATO) status on 1 November 2017.

The first course under the Skills Framework for Sea Transport – Port, Pedestal Crane Operation Course – was accredited on 11 June 2018.
8 Jurong Port Launch of Jurong Port Living Labs Jurong Port (JP) and NTU inked an MOU at the Singapore Maritime Institute Forum 2017 on 31 October 2017 to jointly pursue collaboration in areas such as Smart Multi-Energy Systems, Alternative Energy Source Applications and Environmental Monitoring Solutions.

The MOU signing was witnessed by Dr Lam Pin Min, Senior Minister of State for Transport and Health.
The launch signals our commitment towards open collaboration in line with other industry Living Labs by PSA and MPA.

Re-organisation of Strategic Planning, Business Development Divisions and Workplace Safety & Health (WSH) Department A new Strategic Planning & Optimisation Division (SPOD) has been constituted from the Strategic Planning Office with an expanded scope to oversee Strategic Planning, Research, Process Optimisation and Corporate Relations & Communication.
The Business Development Division has been concomitantly reorganised with a leaner structure.

The WSH department has also been restructured to reflect the enhanced operational safety readiness under JP’s Operator role.

Convening of Inaugural Jurong Port Golf Invitational & Lohei Dinner JP organised the above inaugural event as part of its stakeholder and customer engagement efforts.
The event was well received and attended by 200 management representatives from our key customers, business partners and stakeholders including senior management of JTC, MPA, PSA, industry associations (SSA and SASS) and representatives from our joint venture partner Oiltanking.

9 Jurong Portjurongport corporate SOCIAL RESPONSIBILITY Support for SPD fund raising Over 80 staff and family members showed our support for people with disabilities at this year’s SPD Ability Walk.
This is the second year running that SPD has organised the walk, with more than 1,500 participants turning up.

Through this event, SPD also managed to raise $160,000 for their programmes and services.

JP has been a key sponsor since the inaugural SPD Ability Walk.

Support for underprivileged families under Southwest CDC For the second year running, JP is working with Fei Yue Community Services to organise activities for children from less privileged families in the Taman Jurong area.
As South West CDC’s CSR partner, JP was introduced to Fei Yue to collaborate on community events and activities that could benefit from our corporate support.

Support for Earth Hour For the fourth year running, Jurong Port has switched off non-essential lights in our ports and terminals to raise awareness on the effects of climate change.

This year, JP further stepped up awareness efforts among the staff through the screening of “Bill Nye’s Global Meltdown”, a documentary on the effects of climate change.
10 Launch of overseas CSR initiative under Marunda joint venture Our overseas JV in Indonesia has partnered with Sekolah Tinggi Ilmu Pelayaran (STIP) (Higher Education Maritime Institute), a premier national maritime academy of Indonesia, to open up internships and recruitment tie-ups for STIP students and graduates.
Sustaining blood donation drive in support of Red Cross Started in 2016, this staff-led initiative has now become a regular blood donation exercise to the Red Cross, and is sustained by a core group of 15 employees.
Jurong Port AWARDS AND ACCOLADES Recognition as Human Capital Partner by TAFEP (Tripartite Alliance for Fair and Progressive Employment Practices) Jurong Port was officially recognised as a Human Capital Partner (HCPartner) by TAFEP with support from Workforce Singapore (WSG) and our Tripartite partners – SNEF, MOM and NTUC.
HCPartner is a programme for organisations who are committed to growing their business and staying competitive by having progressive employment practices and developing their human capital.

Finalist for Lloyd’s List Asia-Pacific Awards for Terminal Operator of the Year 2017 JP reached the final round of judging comprising finalists which included other Asian port operators, such as PSA, Hutchison and ICTSI.
11 Jurong Portjurongport 37 Jurong Port Rd Singapore 619110 T: +65 6265 0666 www.jp.com.sg jurong.port jurong-port-pte-ltd