Crescendo Corp. Bhd. · MYX:CRESNDO
Crescendo Corp. Bhd — Q2 2022 Earnings Presentation
50 slides from Crescendo Corp. Bhd's earnings presentation, Sep 22, 2021
Slide 1: Corporate Profile
CORPORATE PROFILE 22 September 2021
Slide 2: Property Development
PROPERTY DEVELOPMENT
Slide 3: Development Landbank
DEVELOPMENT LANDBANK Project /Taman Distance Status Type of Development from JB Development Land (Acres) Bandar Cemerlang 20km * - Tebrau, Johor Bahru Approved (i) Mixed 791 - Kota Tinggi Approved (i) Mixed 526 * Taman Perindustrian 16km Approved Industrial/ 41 Cemerlang Commercial * Desa Cemerlang
Slide 4: Location Landbank
F'crescendo LOCATION LANDBANK DAERAH ROTA TINGEI a (1,390 acres) DESA CEMERL ANG & a4 TAMAN PERINOUST RIAN CEMERL ANG (1,109 acres) CP | vasaan PeRINDUSTRIAN f] MUSA CEMERLANG (NIP) con eeneee ey j (527 acres)
Slide 5: Bandar Cemerlang (BC)
BANDAR CEMERLANG (BC) • 1,317 acres of freehold land bank near Ulu Tiram to be developed into a self- contained new township of residential/commercial/industrial developments. • Interchange completed in June 2011. It provides easy access to Bandar Cemerlang via the new Johor Bahru-Kota Tinggi Highwa
Slide 6: Bandar Cemerlang (BC) (Cont.)
BANDAR CEMERLANG (BC) (CONT.) • To date, the total value of GDV launched from this project is RM745 million. This comprised 661 units of medium high cost landed houses with GDV of RM460 million, such as three storey cluster, double storey terrace, cluster and semi-detached houses that are meticulous
Slide 7: Layout Plan of BC
crescendo LAYOUT PLAN OF BC BANDAR CEMERLANG TETUAN CRESCENDO DEVELOPMENT SDN. BHD.
Slide 8: Taman Perindustrian Cemerlang (TPC)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) • TPC, a 600-acre industrial park with close to 980 factories, is fully developed and is one of the largest industrial parks in Johor. • Located approximately 18km from Johor Bahru, 32km from Senai Airport and 19km from Singapore.
Slide 9: Taman Perindustrian Cemerlang (TPC) (Cont.)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) (CONT.) • The current phase of this project comprised 12 units of cluster factory, 10 units of semi- detached factory, 1 unit of detached factory and 17 units of terrace factory with GDV of RM91 million, all of which have been fully sold. • We plan to launch anoth
Slide 10: Desa Cemerlang (DC)
DESA CEMERLANG (DC) • Self contained matured township development next to TPC with 6,900 units of mixed development and to date we have developed more than 90% of this land. • The current ongoing development for this project is 30 units of shop offices with total GDV of RM45 million and all units ha
Slide 11: Layout Plan of DC & TPC
F'crescendo LAYOUT PLAN OF DC & TPC DESA CEMERLANG & TAMAN PERINDUSTRIAN CEMERLANG CRESCENDO GROUP OF COMPANIES |
Slide 12: Nusa Cemerlang Industrial Park (NCIP)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) • 527 acres of gross development land with 15.98 acres of the land to build commercial and residential properties. • Main infrastructures such as rail, port and major highway are all in place nearby. • To date, about 50% of the land was developed with 197 units
Slide 13: Location Plan of NCIP
crescendo LOCATION PLAN OF NCIP
Slide 14: Layout Plan of NCIP
crescendo LAYOUT PLAN OF NCIP TAMAN PERINDUSTRIAN NUSA CEMERLANG, MUKIM PULAI, DAERAH JOHOR BAHRU, JOHOR, Syit Piawai: 70. Skata 1:5000
Slide 15: Panoramic Land Sdn Bhd (PLSB)
PANORAMIC LAND SDN BHD (PLSB) • This is the industrial property investment arm for rental purposes. • Currently, there are 17 plots of land measuring approximately 48 acres located at NCIP, of which 11 units of factories have been completed. The 11 units of factories with GDV of RM241 million are cu
Slide 16: Tanjung Senibong
TANJUNG SENIBONG • Prime mixed residential and commercial development of 221.58 acres of land. • Comprises 1,854 units of residential properties to be built on 33.05 acres of land and commercial complex / service apartments on 6 plots of net land measuring 72.68 acres. • A waterfront project located
Slide 17: Layout Plan of Tanjung Senibong
LAYOUT PLAN OF TANJUNG SENIBONG
Slide 18: Taman Dato' Chellam (TDC)
TAMAN DATO’ CHELLAM (TDC) • 37.6 acres of mixed development land acquired on 12 May 2004. • Opposite to TPC and DC. • The last phase of this project comprises 131 PKJ B townhouse and 258 RMMJ townhouse units with total GDV of RM52 million. • 130 units out of 131 units of PKJ B project with GDV of RM
Slide 19: Layout Plan of TDC
F'crescendo ‘TAMAN DATO CHELLAM UO OQ — LL. O = < oll ou — =) O > < all re
Slide 20: Ambok Resorts
AMBOK RESORTS • The completion of Sg Johor Bridge project in tandem with Senai-Desaru Highway has enhanced the accessibility and land value of this 794-acre landbank in Kota Tinggi. • Zoned for mixed development and possible to start developing this land in 6 years’ time. • The Pengerang Integrated
Slide 21: Location Plan of Ambok Resorts
LOCATION PLAN OF AMBOK RESORTS Senai-Desaru Highway
Slide 22: Construction
F' crescendo CONSTRUCTION
Slide 23: Construction Activities
CONSTRUCTION ACTIVITIES • Undertaken by Unibase group, which commenced activities in August 1989. • Undertakes mainly in-house contracts with some external contracts under Repute Construction Sdn. Bhd.
Slide 24: Concrete Manufacturing
crescendo CONCRETE MANUFACTURING
Slide 25: Concrete Manufacturing
CONCRETE MANUFACTURING • Operates 3 ready-mix concrete plants with a total capacity of 300 cubic m/hr. These 3 plants also manufacture ‘u’ drains, concrete pipes/culverts, piles and other precast concrete products for export market. • Ready-mix concrete plants and other concrete products cater for b
Slide 26: Education
crescendo EDUCATION
Slide 27: Education
EDUCATION • Crescendo International College (“CIC”) caters for Cambridge A-levels, tertiary education and professional qualification. • Crescendo-HELP International School (“CHIS”) offers primary and secondary education based on International General Certificate of Secondary Education (IGCSE) syllab
Slide 28: Near-Term Prospects
NEAR-TERM PROSPECTS • The unbilled sales from the total committed property sales as at 22 September 2021 is RM88 million. • Based on the lock-in sales, the Group’s performance in FY2022 is expected to remain satisfactory and main contributor will be from sales of landed residential, industrial and c
Slide 29: Near-Term Prospects (Cont.)
NEAR-TERM PROSPECTS (CONT.) • Development for Financial Year 2022 to 2024 Dev elopment Type Unit av ailable / GDV launched Unit RM m Launched Projects up to 22 September 2021 - Three storey shop 85 106 - Double storey house 110 82 - Detached, semi-d and terrace factories 10 100 - Affordable houses -
Slide 30: Medium-to-Long Term Prospects
MEDIUM-TO-LONG TERM PROSPECTS • Demand for landed medium cost residential, industrial and commercial property market is expected to remain good especially in Iskandar Malaysia region for the next few years. • Continue to concentrate our effort to develop landed residential properties in Bandar Cemer
Slide 31: Strategies
crescendo STRATEGIES
Slide 32: Strategies
STRATEGIES • In view of the uncertainties in both the national and global economies outlook, the Group will continue to focus on landed medium cost and affordable housing development. • Continue to develop in smaller phases to be conservative. • Continue to sell substantially built and completed bui
Slide 33: Business Outlook
crescendo BUSINESS OUTLOOK
Slide 34: Business Outlook
BUSINESS OUTLOOK • The property market will continue to remain challenging in the short term due to the re- imposition of the various Movement Control Orders. • However with all the stimulus packages announced by the Malaysian Government including Home Ownership Campaign reintroduced under PENJANA,
Slide 35: Business Outlook (Cont.)
BUSINESS OUTLOOK (CONT.) • The demand for residential landed properties in strategic growth areas with good accessibility and connectivity is expected to remain resilient and hence property development and construction operations are expected to remain as the main profit contributors for the Group i
Slide 36: Thank You
crescendo THANK YOU
Slide 37: Appendix
crescendo APPENDIX
Slide 38: Group's Performance for the Past 3 Years
GROUP’S PERFORMANCE FOR THE PAST 3 YEARS 2019 2020 2021 2Q2022* Revenue (RM’000) 295,590 258,249 222,898 110,913 Profit Before Tax (RM’000) 54,051 50,126 42,401 20,486 Profit After Tax (RM’000) 37,354 27,967 29,780 13,746 Margin - Profit Before Tax (%) 18.29 19.41 19.02 18.47 - Profit After Tax (%)
Slide 39: Analysis by Segments
ANALYSIS BY SEGMENTS REVENUE PROFIT Margin 2021 2Q2022* 2021 2Q2022* 2021 2Q2022* (RM’000) (RM’000) (RM’000) (RM’000) % % Property Development & Construction 138,303 68,920 50,688 22,577 37 33 Manufacturing & trading 43,664 20,448 3,905 1,892 9 9 Property investment 8,537 4,437 4,870 2,587 57 58 Ser
Slide 40: Revenue by Segment (FY2021)
REVENUE BY SEGMENT (FY2021) REVENUE Services and others 15% Property investment 4% Manufacturing and Property trading development and 19% construction 62%
Slide 41: Results by Segment (FY2021)
RESULTS BY SEGMENT (FY2021) PROFIT (EBIT) Services and others 15% Property investment 7% Manufacturing and trading 6% Property development and construction 72%
Slide 42: Dividend Payment Ratio (Times)
DIVIDEND PAYMENT RATIO (TIMES) 2019 2020 2021 2Q2022* Profit Attributable (RM’000) 34,328 26,296 26,801 12,636 Net Dividend Declared (RM’000) 16,765 8,383 16,765 5,588 Dividend (Sen) 6.0 3.0 6.0 2.0 Dividend Yield (%) 4.8 2.5 5.9 N/A Dividend Pay-out (%) 48.8 31.9 62.6 N/A Market Price (RM) 1.25 1.2
Slide 43: Group's Performance for the Past 5 Years
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Earnings Per Share 30 25 20 Sen 15 10 5 0 2018 2017 2019 2020 2021 Restated EPS (Sen) 25 11 12 9 10 Financial Year
Slide 44: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Revenue 350.00 300.00 250.00 200.00 RM'mil 150.00 100.00 50.00 0.00 2018 2017 2019 2020 2021 Restated Revenue (RM'mil) 254.36 277.16 295.59 258.25 222.90 Financial Year
Slide 45: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Profit Before Tax 90.00 80.00 70.00 60.00 50.00 RM'mil 40.00 30.00 20.00 10.00 0.00 2018 2017 2019 2020 2021 Restated PBT (RM'mil) 81.13 47.23 54.05 50.13 42.40 Financial Year
Slide 46: Principal Activities
PRINCIPAL ACTIVITIES Business Activities Property Division Construction Division Others Building Education Property Resort Concrete Property Construction investment & Development Products Development Management (future) Civil Services Engineering
Slide 47: Group Structure as at 31 January 2021
GROUP STRUCTURE AS AT 31 JANUARY 2021
Slide 48: Corporate Fact Sheet
CORPORATE FACT SHEET Listed On: April 8, 1997 (Main Board) Issued Shares: 280.5 mil (30 August 2021) Market Capitalization as of 30 August 2021: RM337 mil (@RM1.20) Par Value Per Share: RM1.00 NTA/Share: RM3.30 (31 July 2021) Major Shareholders: Sharikat Kim Loong Sendirian Berhad (68.77%) (30 June
Slide 49: Corporate Fact Sheet (Cont.)
CORPORATE FACT SHEET (CONT.) Corporate Address: 18th Floor, Public Bank Tower No. 19, Jalan Wong Ah Fook 80000 Johor Bahru Johor, Malaysia Telephone number: +607 224 8316 Fax: +607 223 2562 Website: www.crescendo.com.my
Slide 50: Thank You
crescendo THANK YOU
Crescendo Corporation Berhad — Q2 2022 Earnings Presentation on 6ix