Megawide Construction Corporation · PSE:MWIDE
Megawide Construction — 9M2024 Earnings Presentation
26 slides from Megawide Construction's earnings presentation, Nov 15, 2024
Slide 1: 9M2024 Financial and Operating Results
Megawide Construction Corp. 9M2024 Financial and Operating Results 15 November 2024
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Megawide Construction Corporation (the “Company”). This presentation, as well as discussio
Slide 3: Outline
1.0 Financial & Balance Sheet Highlights 2.0 Construction Outline 3.0 Landport 4.0 Real Estate 5.0 Q&A
Slide 4: Financial & Balance Sheet Highlights
FINANCIAL & BALANCE SHEET HIGHLIGHTS
Slide 5: Income Statement
INCOME STATEMENT In PhP M 9M2024 9M2023 % change Revenues 16,285.00 15,558.77 5% Construction Operations 15,521.87 15,182.52 2% Landport Operations 386.01 339.73 14% P16.3B Real Estate Operations 377.12 36.52 932% Total consolidated Direct Costs 13,241.88 13,624.99 -3% revenues Construction Operatio
Slide 6: Margin Performance
MARGIN PERFORMANCE 9M2024 9M2023 Gross Profit Margin 19% 12% Construction 17% 12% 19% Gross Margin Terminal Operations 36% 24% vs 12% 9M2023 Real Estate Operations 50% 38% EBITDA Margin 22% 18% Construction 3% Net Margin Terminal Operations 23% 62% 17% 73% vs 2% 9M2023 Real Estate Operations -33% -6
Slide 7: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS 24-Sep 23-Dec ASSETS Cash 5,849.24 4,878.89 Trade receivables 20,768.56 19,155.92 Real estate inventories 4,363.78 3,872.92 Contract assets 5,979.52 5,640.19 1.6x Other current assets Total Current Assets 15,268.82 52,229.92 16,572.54 50,120.46 Property, Plant & Equipment 5,
Slide 8: Construction & PCS
CONSTRUCTION & PCS
Slide 9: Normalized Revenue Starting 2024
NORMALIZED REVENUE STARTING 2024 QUARTERLY PERFORMANCE (PhP M) 6,702 5,950 4,948 4,623 4,265 4,267 4,213 3,792 3,247 2,959 3,280 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24
Slide 10: Healthy Order Book
HEALTHY ORDER BOOK ORDER BOOK MIX P42.6 Infrastructure 35% Office & Commercial , Order book (2-3 years burn) 44% 20 Residential , 21% Existing projects % COMPLETION 18% 0-20% completion 80-100, 2% (for future revenue recognition) 0-20, 18% 21-80, 80% 10
Slide 11: PCS: Increasing External Order Book
PCS: INCREASING EXTERNAL ORDER BOOK 9M2024 9M2024 2,797 , 1,553, 18% 36% 9M2023 9M2023 1,089 , 7% 1,094, 35% 2,016, 2,799, 65% 14,093 , 64% 12,725 , 93% 82% EXTERNAL INTERNAL EPC PCS 65% external revenue 9M2024 18% share from 7% 9M2023 vs 35% 9M2023
Slide 12: Landport Operations
LANDPORT OPERATIONS
Slide 13: Steady Revenue Generation
STEADY REVENUE GENERATION REVENUE PERFORMANCE Towers Commercial Terminal 14% 87 20 9M2024 Revenue Growth 32 0 37 0 12 20 78 22 19 45 0 61 33 83 43 63 70 26 52 63 71 67 64 54 55 53 42 38 37 34 31 3/1/2022 9/1/2022 3/4/2023 9/4/2023 3/6/2024 9/4/2024
Slide 14: Increasing Traffic and Passenger Spending
INCREASING TRAFFIC AND PASSENGER SPENDING AVERAGE DAILY FOOT TRAFFIC (‘000) 159 147 149 133 124 117 119 120 117 159k 107 111 107 113 110 Record monthly traffic in 9M2024 90 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 P32 Average passenger spend in 9M2024 AVERAGE SPEND PER PAX (Php) 40 37 37 37 37 36 3
Slide 15: Rising Commercial Occupancy
RISING COMMERCIAL OCCUPANCY 9M2024 COMMERCIAL OCCUPANCY 92% 92% 82% 84% 84% 81% 84% Commercial area occupancy 77% 79% from 82% 9M2023 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 65-21-14% 9M2024 TENANT MIX F&B – Retail – Services share Services 14% Retail 21% F&B 65% 15
Slide 16: New Retail Tenants and Soon to Open
NEW RETAIL TENANTS AND SOON TO OPEN
Slide 17: Office Occupancy Recovering
OFFICE OCCUPANCY RECOVERING QUARTERLY OFFICE OCCUPANCY 64% 65% 60% 48% 47% 41% 37% 41% 35% 27% Office towers occupancy (from 18% as of end of 9M2023) 18% Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 May-24 Jul-24 Sep-24 100% 9M2024 TENANT MIX Non-POGO tenants BPO Event Govt Logistics
Slide 18: New Office Tenants and Soon To-Be Open
NEW OFFICE TENANTS AND SOON TO-BE OPEN
Slide 19: LRT 1: Asia World Station
LRT 1: ASIA WORLD STATION GIG Asiaworld SF hy a ee PHASE 1 OF LRT-1 CAVITE EXTENSION TO OPEN ON NOVEMBER 16
Slide 20: Real Estate Operations
REAL ESTATE OPERATIONS
Slide 21: YTD Revenue Performance
YTD REVENUE PERFORMANCE (PHP MN) 377 P377M 200% revenue growth (vs P125M 9M2023) 125 9M2024 9M2023 21
Slide 22: Reservation Sales
RESERVATION SALES UNITS 730 550 P11.8B 9M2024 9M2023 end of September 2024 VALUE (PHP MN) 3,003 2,360 9M2024 9M2023
Slide 23: My Enso Lofts Progress Update
MY ENSO LOFTS PROGRESS UPDATE
Slide 24: Northscapes SJDM Progress Update
NORTHSCAPES SJDM PROGRESS UPDATE
Slide 25: Q&A
Q&A Engineering A First-World Philippines
Slide 26: Thank you
fil MEGAWIDE Thank you FinanceAsia 2024 ‘MOST COMMITTED TO ESG ‘The Philippine: Megawide Construction Corporation Contact us Follow us FinanceAs 2024 BEST MANAGED COMPANY The Philippine: Megawide Construction Corporation FinanceAsia 2024 BEST CEO The Philppine Edgar Saavedra Megawide Construction Co