Crescendo Corp. Bhd. · MYX:CRESNDO

Crescendo Corp. Bhd — Q3 FY2024 Earnings Presentation

48 slides from Crescendo Corp. Bhd's earnings presentation, Dec 31, 2023

  1. Slide 1: Corporate Profile 31 December 2023

    19950 1 0 3 0 5 4 4 CORPORATE PROFILE 31 DECEMBER 2023

  2. Slide 2: Property Development

    J F crescendo PROPERTY DEVELOPMENT

  3. 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 738 - Kota Tinggi Approved (i) Industrial 526 * Taman Perindustrian 16km Approved Industrial/ 32 Cemerlang Commercial * Taman Desa

  4. Slide 4: Location of Landbank

    LOCATION OF LANDBANK Bandar Cemerlang ( 1390 acres) Taman Dato Chellam ( 38 acres) Desa Cemerlang & Taman Perindustrian Cemerlang CLSB ( 1100 acres) Land Taman Perindustrian Nusa Cemerlang Tanjung Senibong ( 527 acres) ( 222 acres)

  5. Slide 5: Bandar Cemerlang (BC)

    BANDAR CEMERLANG (BC) • 1,390 acres of gross development land near Ulu Tiram to develop into an 864 acres of self-contained new township of residential/commercial developments and a 526 acres of industrial park. • Interchange completed in June 2011. It provides easy access to Bandar Cemerlang via th

  6. Slide 6: Bandar Cemerlang (BC) (Cont.)

    BANDAR CEMERLANG (BC) (CONT.) • To date, about 15% of the township was developed with a total GDV value of RM851 million. This comprised 785 units of medium high cost landed houses with GDV of RM566 million, such as three storey cluster, double storey terrace, cluster and semi-detached houses that a

  7. Slide 7: Layout Plan of BC

    crescendo LAYOUT PLAN OF BC BANDAR CEMERLANS TETUAN CRESCENDO DEVELOPMENT SDN. BHD.

  8. Slide 8: 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 62% of the land was developed with 197 units

  9. Slide 9: Nusa Cemerlang Industrial Park (NCIP) (Cont.)

    NUSA CEMERLANG INDUSTRIAL PARK (NCIP) (CONT.) • In second quarter of 2023, the Group launched 100 acres of industrial land for sales in NCIP and was fully sold through several conditional sale and purchase agreements with a total lock-in sales of RM543 million. These sales are expected to be complet

  10. Slide 10: Layout Plan of NCIP

    crescendo LAYOUT PLAN OF NCIP TAMAN PERINDUSTRIAN NUSA CEMERLANG, MUKIM PULAI, DAERAH JOHOR BAHRU, JOHOR. Syit Piawai : 70 Skala 1:6000

  11. Slide 11: Crescendo Landmark Project

    CRESCENDO LANDMARK PROJECT • In line with the Group’s strategy of acquiring landbanks with good development potential, Crescendo Landmark Sdn. Bhd., a wholly-owned subsidiary, had in September 2023 entered into a conditional sale and purchase agreement for acquisition of 2 plots of freehold vacant l

  12. Slide 12: 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.

  13. Slide 13: Taman Perindustrian Cemerlang (TPC) (Cont.)

    TAMAN PERINDUSTRIAN CEMERLANG (TPC) (CONT.) • The current phase of this project comprised 6 units of semi-detached factory and 2 units of detached factory with a total GDV of RM58 million that were launched in October 2022. Total sales to date up to 31 December 2023 is RM18 million.

  14. Slide 14: 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 about 90% of this land. • The latest development for this project is 5 units of double storey shop office with total GDV of RM7 million which were launche

  15. Slide 15: Layout Plan of DC & TPC

    F'crescendo LAYOUT PLAN OF DC & TPC DESA CEMERLANG & TAMAN PERINDUSTRIAN CEMERLANG CRESCENDO GROUP OF COMPANIES |

  16. Slide 16: 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. To date, a total of 14 units of factories have been completed with the completion and issuance of CCC. • The 1

  17. Slide 17: 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

  18. Slide 18: Layout Plan of Tanjung Senibong

    LAYOUT PLAN OF TANJUNG SENIBONG

  19. Slide 19: 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. • We plan to launch 258 RMMJ townhouse units with total GDV of RM40 million within the next one year and its construction has commenced since August 2023.

  20. Slide 20: Layout Plan of TDC

    F'crescendo ‘TAMAN DATO CHELLAM 8) OQ = LL. O = < oll ou — =) O > < oll

  21. Slide 21: 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

  22. Slide 22: Location Plan of Ambok Resorts

    LOCATION PLAN OF AMBOK RESORTS

  23. Slide 23: Construction

    CONSTRUCTION • Undertaken by Unibase group, which commenced activities in August 1989. • Undertakes mainly in-house contracts with some external contracts under Repute Construction Sdn. Bhd.

  24. Slide 24: Concrete Manufacturing

    crescendo CONCRETE MANUFACTURING

  25. Slide 25: Concrete Manufacturing

    CONCRETE MANUFACTURING • Ready-mix concrete plants and other concrete products plants to cater for both in- house and external needs. • 2 ready-mix concrete plants with a total capacity of 160 cubic m/hr. These 2 plants also manufacture ‘u’ drains, concrete pipes/culverts, piles and other precast pr

  26. Slide 26: Education

    crescendo EDUCATION

  27. 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

  28. Slide 28: Near-Term Prospects

    NEAR-TERM PROSPECTS • The unbilled sales from the total committed property sales as at 31 December 2023 is RM118.5 million. • Based on the lock-in sales, the Group’s performance in FY2024 is expected to remain satisfactory and main contributor will be from sales of residential properties. • The tota

  29. Slide 29: Near-Term Prospects (Cont.)

    NEAR-TERM PROSPECTS (CONT.) • Proposed Development for Financial Year 2024 to 2026 Dev elopment Type Unit av ailable / GDV launched Unit RM m Launched Projects up to 31 December 2023 - Industrial land (100 acres) - 500 - Three storey shop 12 14 - Double storey house 38 31 - Detached and semi-d facto

  30. Slide 30: Medium-to-Long Term Prospects

    MEDIUM-TO-LONG TERM PROSPECTS • We will be launching Bandar Cemerlang industrial park in 2025 and start the main infrastructure work by first quarter of 2024. • Demand for landed medium cost residential, industrial and commercial property market is expected to remain good especially in Iskandar Mala

  31. Slide 31: Strategies

    crescendo STRATEGIES

  32. Slide 32: Strategies

    STRATEGIES • 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 buildings to meet demand from customers preferring to buy substantially built/compl

  33. Slide 33: Business Outlook

    BUSINESS OUTLOOK • The property market will remain challenging in the short and medium term due to the rising cost of construction resulting from fluctuations in building materials cost as a result of currency depreciation and inflationary pressures. • The Budget 2024 is expected to have a positive

  34. Slide 34: Business Outlook (Cont.)

    BUSINESS OUTLOOK (CONT.) • Currently there are more than 300,000 Malaysians travelling across the Johor-Singapore Causeway daily. The 4.2 km Johor Bahru-Singapore Rapid Transport System (“RTS”) link will be the second rail link between Malaysia and Singapore upon its targeted completion date by end

  35. Slide 35: Appendix

    crescendo APPENDIX

  36. Slide 36: Group's Performance for the Past 3 Years

    GROUP’S PERFORMANCE FOR THE PAST 3 YEARS 2021 2022 2023 3Q2024* Revenue (RM’000) 222,898 217,120 215,718 221,240 Profit Before Tax (RM’000) 42,401 33,839 38,409 51,836 Profit After Tax (RM’000) 29,780 23,981 25,875 35,839 Margin - Profit Before Tax (%) 19.02 15.59 17.81 23.43 - Profit After Tax (%)

  37. Slide 37: Analysis by Segments

    ANALYSIS BY SEGMENTS REVENUE PROFIT Margin 2023 3Q2024* 2023 3Q2024* 2023 3Q2024* (RM’000) (RM’000) (RM’000) (RM’000) % % Property Development & Construction 137,574 148,726 48,539 52,236 35 35 Manufacturing & trading 52,516 44,293 2,786 2,931 5 7 Property investment 10,232 8,023 6,959 4,977 68 62 S

  38. Slide 38: Revenue by Segment (FY2023)

    crescendo REVENUE BY SEGMENT (FY2023) REVENUE Services and Others Y Property Investment 5% Property Development and Construction 55% Manufacturing and Trading 23%

  39. Slide 39: Results by Segment (FY2023)

    RESULTS BY SEGMENT (FY2023) RM'‘000 60,000 50,000 40,000 30,000 20,000 10,000 (10,000) PROFIT (EBIT) @Property Development and Construction @ Manufacturing and Trading OProperty Investment OSenvces and Others crescendo

  40. Slide 40: Dividend Payment Ratio (Times)

    DIVIDEND PAYMENT RATIO (TIMES) 2021 2022 2023 3Q2024* Profit Attributable (RM’000) 26,801 21,524 24,525 35,456 Net Dividend Declared (RM’000) 16,765 11,177 13,971 N/A Dividend (Sen) 6.0 4.0 5.0 N/A Dividend Yield (%) 5.9 3.3 4.3 N/A Dividend Pay-out (%) 62.6 51.9 57.0 N/A Market Price (RM) 1.02 1.20

  41. Slide 41: Group's Performance for the Past 5 Years

    GROUP’S PERFORMANCE FOR THE PAST 5 YEARS

  42. Slide 42: Group's Performance for the Past 5 Years (Cont.)

    GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.)

  43. Slide 43: Group's Performance for the Past 5 Years (Cont.)

    GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.)

  44. Slide 44: Principal Activities

    PRINCIPAL ACTIVITIES Business Activities Development Construction Division Services Division Investment Division Division Property Property Resort Building Concrete Education Management Investment Development Development Construction Products Services (future)

  45. Slide 45: Group Structure

    GROUP STRUCTURE AS AT 31 JANUARY 2023

  46. Slide 46: Corporate Fact Sheet

    CORPORATE FACT SHEET Listed On: April 8, 1997 (Main Board) Issued Shares: 280.5 mil (31 December 2023) Market Capitalization as of 31 December 2023: RM650.8 mil (@RM2.32) Par Value Per Share: RM1.00 NTA/Share: RM3.43 (31 October 2023) Major Shareholders: Sharikat Kim Loong Sendirian Berhad (68.77%)

  47. Slide 47: 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

  48. Slide 48: Thank You

    crescendo THANK YOU

Crescendo Corporation Berhad — Q3 FY2024 Earnings Presentation on 6ix