Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — EcoWorld Malaysia — 1Q FY2023 Earnings Presentation
18 slides from Eco World Development Group Bhd's earnings presentation, March 2023
Slide 1: EcoWorld Malaysia 1Q FY2023 Corporate Presentation
ECOWORLD MALAYSIA 1Q FY2023 CORPORATE PRESENTATION MARCH 2023
Slide 2: Sales Updates
Moving Ahead SALES UPDATES ECOWOoRLD
Slide 3: Sales Momentum Sustained
SALES MOMENTUM SUSTAINED FY2023 - 4 MONTHS UP TO 28 FEB 2023 SALES (RM’mil) 1,276 1,346 38% 1,092 1,094 875 780 of FY2023 1Q FY22 2Q FY22 3Q FY22 4Q FY22 Nov 21 - Feb 22 Nov 22- Feb 23 Sales Target Continued strong demand for EcoWorld’s residential, commercial and Achieved industrial products
Slide 4: Analysis of Sales by Region
ANALYSIS OF SALES BY REGION HIGHEST SALES FROM ECO SOUTH RM 102 m 8% • Eco South recorded the highest sales, powered by increased demand for industrial products. 67% of sales in Eco South came from EBP I, II & III RM 556 m • Eco Central continue to generate steady sales with Sales By 41% RM556 mil a
Slide 5: Analysis of Sales by Segment
ANALYSIS OF SALES BY SEGMENT BOOSTED BY STRONG INDUSTRIAL DEMAND • Eco Business Parks recorded RM616 mil (82% of FY2022 sales), boosted by: - Strategic sale of 92 acres at EBP II to Haitian Group RM 439 m (leading industrial equipment manufacturer from 33% China) - new product launches: cluster, Sem
Slide 6: Eco Business Park II – Senai, Iskandar Malaysia
Slide 7: Catalytic Effect of Sale to Haitian Group
CATALYTIC EFFECT OF SALE TO HAITIAN GROUP VALUE CREATION FOR REMAINING LANDS AT EBP II Haitian Group • Leading industrial equipment manufacturer from China Future • Specialises in the production of a wide range high precision industrial machines and solutions which Development includes the manufactu
Slide 8: New Residential Launches
NEW RESIDENTIAL LAUNCHES 1Q FY2023 - MAINLY UPGRADER PRODUCTS Eco Forest -Birchpark Eco Sanctuary - Bohemia Garden Homes |Double Story Terrace | Cluster Semi-D | Semi-D Co-Homes Price from: RM1.47 mil Price from: RM462k | RM765k | RM973k Eco Central Eco South Eco North • Bohemia @ Eco Sanctuary | Cl
Slide 9: HANA
duduk – FOR THE YOUNG AT HEART LATEST LAUNCH + MORE TO COME! First HANA - Launched in March 2023 launched in Sept 2020 JUST LAUCNHED • Iskandar Malaysia • Penang HANA Eco Ardence Serviced Apartment | Lifestyle Retail Shop
Slide 10: duduk – For the Young at Heart
duduk – FOR THE YOUNG AT HEART JUST LAUNCHED IN MARCH AT ECO ARDENCE + MORE TO COME! • Iskandar Malaysia • Penang
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS 1Q FY2023
Slide 12: Financial Updates
FINANCIAL UPDATES 1Q FY2023 FINANCIALS 1Q FY2023 1Q FY2022 Changes RM’000 RM’000 RM’000 % Remarks Revenue 484,734 533,423 (48,689) (9.1) • Lower contributions in 1Q FY2023 from several parcels which were substantially completed in FY2022 • CNY festive celebrations in Jan 2023 slowed down work progre
Slide 13: Future Revenue as at Feb 2023
FUTURE REVENUE AS AT 28 FEB 2023 Future revenue from locked-in sales EcoWorld Malaysia RM3.96 B RM4.03 billion + - increased from RM3.58 billion as at 31 Oct 2022 EcoWorld This provides: International 1) Clear earnings visibility 2) Strong cash-flow certainty RM0.07 B
Slide 14: Low Gearing = Ample Capacity for Landbanking
LOW GEARING = AMPLE CAPACITY FOR LANDBANKING AS AT 31 JAN 2023 Total Cash & Gross Net Borrowings Bank Balances Gearing Gearing RM2.55 bil RM1.01 bil 0.54x 0.33x Eco North 232 acres EcoWorld Malaysia is well positioned to be able to take 7% advantage of any good opportunities that may arise to: • acq
Slide 15: Investment in EcoWorld International: Focus on Cash Generation
27% INVESTMENT IN ECOWORLD INTERNATIONAL FOCUS ON CASH GENERATION Sales Target Sales Recorded Reserves Total (FY2023) (as at 28 Feb 2023) + (as at 28 Feb 2023) = (as at 28 Feb 2023) RM1.4 bil RM335 mil RM189 mil RM524 mil Net Cash Position: • Continued focus on monetisation of existing stocks in FY2
Slide 16: Conclusion
Moving Ahead CONCLUSION ECOWOoRLD
Slide 17: FY2023 Sales Target
FY2023 SALES TARGET FOCUS ON ENHANCING VALUE & IMPROVING RETURNS RM3.5 B Sales target set for FY2023 • Target to continue improving returns by launching products with higher profit margins / higher absolute profits psf of land to derive optimal returns from valuable matured land bank; • Pursue leads
Slide 18: Thank You
THANK YOU TeONOnp