Kelington Group Bhd. · MYX:KGB
Kelington Group Bhd — Q4 2023 Earnings Presentation
21 slides from Kelington Group Bhd's earnings presentation, Feb 29, 2024
Slide 1: Kelington Group Berhad 4Q FY2023 Results Review
KELINGTON GROUP BERHAD KELINGTON GROUP BERHAD 4 Q FY20 23 RESULTS REVIEW 29 February 2024 1
Slide 2: Financial Performance: A Record-Breaking Year
FINANCIAL PERFORMANCE A REC ORD- BREAKING YEAR Revenue (RM mil) Shareholder’s Equity (RM mil) 1,613.9 1,278.8 332.3 239.3 514.6 168.0 191.7 379.8 394.6 155.3 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net Profit (RM mil) Total Dividend Declared (RM mil) 102.7 25.
Slide 3: 4Q FY23 Financial Performance: Income Statement Highlights
4Q FY23 FINANCIAL PERFORMANCE INC OME STATEMENT HIGHLIGHTS % % RM MIL 4Q FY23 4Q FY22 FY23 FY22 4QFY23 vs 4QFY22 CHANGE CHANGE Revenue 1 478.3 426.7 +12% 1,613.9 1,278.8 +26% 1 Higher revenue arising from Gross profit 86.0 51.2 +68% 229.3 148.1 +55% • Increase in engineering Gross profit margin 2 18
Slide 4: Balance Sheet Highlights
BALANC E SHEET HIGHLIGHTS 31.12.2023 31.12.2022 Increase in long-term RM MIL 1 (Unaudited) (Audited) borrowings is due to capital expenditure for Total Assets 1,073.1 1,055.6 industrial gases division. Total Liabilities 734.5 812.5 2 Group is in healthy net cash position with total Total Borrowings
Slide 5: 4QFY23 Revenue Breakdown
4QFY23 REVENUE BREAKDOWN GROWTH AC ROSS MAIN GEOGRAPHIC AL REGIONS Industrial Process Gases Others* Engineering 6% 3% 6% China +51.2% YoY +142.5% YoY 10% +1.5% YoY Equipment and Singapore materials 44% 8% +12.2% YoY +451.3% YoY 4QFY23 Ultra-High Purity 4QFY23 General RM478.3 mil 56% RM478.3 mil Cont
Slide 6: Engineering Segment
KELINGTON GROUP BERHAD ENGINEERING SEGMENT 6
Slide 7: Continue to Win Contracts: Orderbook Replenishment Remains Healthy
CONTINUE TO WIN CONTRACTS ORDERBOOK REPLENISHMENT REMAINS HEALTHY NEW ORDERS SECURED ( RM m il) 1,848 RM1.3 b illio n To t a l o u t s t a n d in g o rd e rb o o k 1,190 1,100 386 490 RM1.9 b illio n To t a l t e n d e rb o o k FY2019 FY2020 FY2021 FY2022 FY2023 Total orders secured in January & Feb
Slide 8: 74% of Outstanding Orderbook is from UHP Segment
74% OF OUTSTANDING ORDEBOOK IS FROM UHP SEGMENT OUTSTANDING ORDERBOOK OF RM1.30 BILLION ( a s a t 3 1 De c e m b e r 20 23 ) Process Engineering Taiwan RM80 mil RM10 mil 6% China 1% RM404 mil 31% General Malaysia Contracting RM455 mil RM257 mil 35% 20% Business Geographical Segment Markets Ultra-Hig
Slide 9: Industrial Gas Segment
KELINGTON GROUP BERHAD INDUSTRIAL GAS SEGMENT 9
Slide 10: Industrial Gas Segment: Growth in Financial Performance
INDUSTRIAL GAS SEGMENT GROWTH IN FINANC IAL PERFORMANC E INDUSTRIAL GAS REVENUE STREAMS REVENUE ( RM MIL) 114.0 1 Manufacturing of liquid CO2 and dry ice 62.9 Rental income from 2 on-site gas generator 34.5 22.1 Trading of various industrial 8 3 and electronic special gases FY 2019 FY 2020 FY 2021 F
Slide 11: Future Plans and Outlook
KELINGTON GROUP BERHAD FUTURE PLANS AND OUTLOOK 11
Slide 12: Electronics and IC sales recovery outlook
Feb 14, 2024 • In Q4 2023, electronics sales edged up 1% Year-over-Year (YoY), marking the first annual rise since the second half of 2022, and growth is projected to continue in Q1 2024 with a 3% YoY increase. • At the same time, IC sales returned to growth with a 10% YoY jump in Q4 2023 as demand
Slide 13: UHP Orderbook to Grow in Line with Recovery of Semicon Industry
UHP ORDERBOOK TO GROW IN-LINE WITH RECOVERY OF SEMICON INDUSTRY 20 24 : REC OVERY, 20 25 : GROWTH Strong demand for high-performance computing, automotive applications and improved demand for memory will fuel double-digit spending in equipment investments over the three-year period. Source : https:/
Slide 14: On-going Opportunities for Base-Build and Hook-Up Projects
ON-GOING OPPORTUNITIES FOR BASE-BUILD AND HOOK-UP PROJECTS SEMIC ON MANUFAC TURERS C ONTINUE TO EXPAND CXMT Changxin Xinqiao Storage Technology By the end of 2024, around 2 billion Euro will have been invested into this greenfield project. This will be followed by further investments on a smaller sc
Slide 15: Entering New Markets
ENTERING NEW MARKETS EXPANSION OF GEOGRAPHIC AL REAC H Hong Kong Germany Taiwan China Philippines Malaysia Indonesia Engineering Singapore Fiji Industrial Gas Potential new market New Zealand Australia 15
Slide 16: Well-Poised to Capitalise on Global Shortage
WELL-POISED TO CAPITALISE ON GLOBAL SHORTAGE C OMMENC EMENT OF SEC OND LC O2 PLANT WILL MORE THAN DOUBLE EXISTING C APAC ITY Capacity 120,000 mt/year 74% of LCO2 is exported Capacity overseas as at December 2023. 70,000 Markets include Singapore (largest), mt/year Capacity 50,000 Malaysia, Australia
Slide 17: Second LCO2 Plant
SEC OND LC O2 PLANT 17
Slide 18: New Recurring Revenue Stream: On-Site Gas Supply Scheme
NEW RECURRING REVENUE STREAM 10 - YEAR ON- SITE GAS SUPPLY SC HEME • Secured 10-year contract to supply hydrogen, nitrogen and oxygen for an optoelectronics semiconductor giant in Kulim, Kedah. • Supply of gases expected to commence in April/May 2024. • Expected to generate cumulative revenue of app
Slide 19: Exploring Expansion of Industrial Gas Manufacturing Facilities in New Countries
EXPLORING EXPANSION OF INDUSTRIAL GAS MANUFAC TURING FAC ILTIES IN NEW C OUNTRIES New Zealand Indonesia 19
Slide 20: ESG Achievements
ESG ACHIEVEMENTS FTSE ESG RATING UPGRADED TO 4 - STAR FTSE4 Go o d Inclusion in Upgraded to a 4-star FTSE4Good Bursa ESG rating following Malaysia Index since the December 2023 December 2021. review conducted by FTSE Russell. 20
Slide 21: Thank You
KELINGTON GROUP BERHAD THANK YOU For investor relations queries, kindly contact meichee@capitalfront.biz 21
Kelington Group Berhad — Q4 2023 Earnings Presentation on 6ix