Sunway Bhd. · MYX:SUNWAY
Sunway Bhd — Q1 2025 Earnings Presentation
41 slides from Sunway Bhd's earnings presentation, May 22, 2025
Slide 1: Sunway Berhad Q1 FY2025
Sunway Berhad First Quarter Financial Year Ending 31 December 2025 (Q1 FY2025) 22 May 2025
Slide 2: Financial Highlights
Financial Highlights Financial Performance Snapshot for Q1 FY2025 67% 34% 11% Revenue Profit Before Tax PATMI RM2,367 million RM304 million RM191 million (Q1 FY2024: RM1,419 million) (Q1 FY2024: RM227 million) (Q1 FY2024: RM172 million) Financial Position as at 31 March 2025 Total Equity Shareholder
Slide 3: Financial Overview
Financial Overview SUNWAY
Slide 4: Financial Overview – Q1 FY2025
Financial Overview – Q1 FY2025 Revenue Profit Before Tax (RM million) (RM million) YoY YoY 67% 34% QoQ QoQ 17% 38% 2,855 2,367 493 1,419 304 227 Q1 FY2024 Q4 FY2024 Q1 FY2025 Q1 FY2024 Q4 FY2024 Q1 FY2025 o Revenue soared by 67% YoY to RM2,367 million in Q1 FY2025, o Profit before tax (“PBT”) expand
Slide 5: Segmental Overview – Revenue
Segmental Overview – Q1 FY2025 Revenue Movement in Segmental Revenue (RM million) (RM million) 2,367 Q1 FY2025: RM2,367 million (Q1 FY2024: RM1,419 million) YoY 9% 232% 7% 21% 7% 18% 67% Change 33 2,367 52 7 1,419 865 15 1,238 1,419 373 -24 288 263 293 231 241 247 214 181 105 112 2 Investment Quarry
Slide 6: Segmental Overview – Profit Before Tax
Segmental Overview – Q1 FY2025 Profit Before Tax Movement in Segmental Profit Before Tax (RM million) (RM million) Q1 FY2025: RM304 million (Q1 FY2024: RM227 million) YoY Change 14% 14% 170% 33% 55% 2% 64% 34% 304 22 5 0 304 73 -12 227 115 227 92 -6 -5 70 39 42 37 33 32 19 9 11 14 11 7 Others 2 Prop
Slide 7: Financial Position as at 31 March 2025
Financial Position as at 31 March 2025 Total Equity & Shareholders’ Funds Total Assets and NAV Per Share Total equity (RM billion) Shareholders’ Funds (RM billion) Total assets (RM billion) Net assets per share (RM) 15.9 16.2 15.0 15.0 15.2 2.25 2.28 13.6 13.9 2.15 2.13 12.5 31.5 32.2 28.6 26.1 FY20
Slide 8: Property Development
Core Segments Performance Property Development
Slide 9: Property Development: Performance Review
Property Development: Performance Review Revenue Profit Before Tax (RM million) (RM million) YoY YoY 9% 14% QoQ QoQ 68% 79% 810 162 288 263 39 33 Q1 FY2024 Q4 FY2024 Q1 FY2025 Q1 FY2024 Q4 FY2024 Q1 FY2025 o Revenue eased by 9% YoY to RM263 million in Q1 FY2025, mainly o PBT softened by 14% YoY to R
Slide 10: Property Development: Property Launches
Property Development: Property Launches Two Property Launches up to April 2025 Property Launched RM358 million 9% (as at 15 May 2025) Launch Target Achieved 2025 Target Launches by Region RM4.1 billion China 2024(A): RM2.7 billion 5% Sunway Gardens Sunway Flora 2 Klang (Phase 3 – Block 10) Valley Si
Slide 11: Property Development: Operational Metrics
Property Development: Operational Metrics Property Sales Property Unbilled Sales Remaining Landbank RM554.7 million RM4.06 billion 2,230 acres (as at May 2025) (3M FY2024: RM497.6 million) (As at 31 December 2024: RM3.33 billion) (Estimated GDV: RM68.9 billion) 15% Unbilled Sales / Revenue (times) R
Slide 12: Expanding Presence in the Southern Region
Expanding Presence in the Southern Region RM5 billion Integrated Mixed-Use Transit-Oriented Developments 1 2 2 Johore 1 Powered by Bing © Microsoft, TomTom Locations Adjacent to the Bukit Chagar RTS Station and Adjacent to the Seremban KTM Railway Station, Immigration Customs and Quarantine Comple
Slide 13: Expanding Presence in the Southern Region
Expanding Presence in the Southern Region Sunway Majestic RM4 billion mixed-use development o Strategically located within the vicinity of the Customs, Developments Mixed-use development Immigration and Quarantine (CIQ) Complex and the upcoming RTS Link. o Well-positioned to serve the local communit
Slide 14: Property Development: Landbank Replenishment
Property Development : Landbank Replenishement Extensive Landbank for Future Development Date Location Tenure Land size Purchase GDV Proposed development (acres) Consideration 2025 Mixed-use development (Retail May Seremban Sentral, Negeri Sembilan Freehold 20.81 RM93 million RM2.2 billion Mall, Ser
Slide 15: Healthcare
Core Segments Performance Healthcare
Slide 16: Sunway Healthcare Group (SHG)
Sunway Healthcare Group (SHG) Malaysia’s leading integrated healthcare provider offering full continuum of care Statistics at a glance1 Business model overview of Sunway Healthcare Three key pillars Flagship quaternary hospital Sunway Medical Centre (SMC), Sunway City, was established in 1999 Curren
Slide 17: SHG's Hospital Portfolio
SHG’s Hospital Portfolio 1,647 licensed beds in Malaysia, with a clear expansion strategy to grow to 3,000+ beds by 2030 Hospital network1 Latest updates 1 Sunway City, Kuala Lumpur 5 Seberang Jaya, Penang 7 ▪ Phase 1: 602 beds ▪ Phase 1 & 2a: 287 beds 2 April 2025: SMC Ipoh ▪ Phase 2: 286 beds ▪ Ph
Slide 18: SHG's Business Model
SHG’s Business Model SMC Sunway City serves as the hub supporting our tertiary hospitals and complementary care centres, aiming to provide integrated health care for diagnosis, treatment, prevention, wellness, and step-down care Existing assets Flagship quaternary hospital: Under construction / Abil
Slide 19: SHG's Operating Metrics
SHG’s Operating Metrics Strong operational performance with increased capacity and patient visits Number of licensed beds Bed occupancy rate1 Number of inpatient admissions2 (‘000s) FY2022–24 CAGR : FY2022–24 growth: FY2022–24 CAGR : 14% 7 ppts 33% 3 3 4 3 4 YoY 10 ppts 105 74% 76% 72% 88 69% YoY 28
Slide 20: SHG's Financials
SHG’s Financials Track record of growth and profitability Revenue (RM million) EBITDA1 (RM million) FY2022–24 CAGR: FY2022–24 CAGR : 70% 2025 YoY highlights 32% 1,200 17% • Revenue growth in 1Q2025 was fueled by strong performance 1,854 50% 27% across all patient census and higher bill sizes. This w
Slide 21: Construction
Core Segments Performance Construction
Slide 22: Construction
Construction Revenue Profit Before Tax (RM million) (RM million) YoY 232% YoY 170% QoQ 13% QoQ 2% 1,238 117 115 1,100 42 373 Q1 FY2024 Q4 FY2024 Q1 FY2025 Q1 FY2024 Q4 FY2024 Q1 FY2025 o Revenue soared by 232% YoY to RM1,238 million in Q1 FY2025, o PBT surged by 170% YoY to RM115 million in Q1 FY202
Slide 23: Construction Order Book Replenishment
Construction Achieved 49% of the lower end of 2025 Order Book Replenishment Target Singapore Precast Infrastructure Building Sustainable Energy 3% Order Book Replenishment / Piling 2% 0% Target for FY2025 4% Singapore Precast RM4.5 – RM6.0 billion 11% Data Data Centre Order Book Outstanding Centre 2
Slide 24: Outstanding Order Book of RM6.6 billion
Construction Strong Earnings Visibility with Robust Outstanding Order Book of RM6.6 billion Order Book Completion Contract Sum Outstanding Order Book Order Book Completion Contract Sum Outstanding Order Book (As at 20 May 2025) (RM million) (RM million) (%) (As at 20 May 2025) (RM million) (RM milli
Slide 25: Property Investment
Core Segments Performance Property Investment
Slide 26: Property Investment
Property Investment Revenue1 Profit Before Tax1 (RM million) (RM million) YoY YoY 7% 33% QoQ QoQ 3% 31% 255 246 231 133 92 69 Q1 FY2024 Q4 FY2024 Q1 FY2025 Q1 FY2024 Q4 FY2024 Q1 FY2025 o Revenue increased by 7% YoY to RM246 million, attributed to the o PBT improved by 33% YoY to RM92 million in Q1
Slide 27: Property Investment Operational Metrics
Property Investment Operational Metrics Property Investment Leisure Theme Asset Under Management (AUM) RM13.0 billion as at 31 March 2025 parks No. of Visitors 3M 2025 (31 Dec 2024: 13.0 billion) Current Portfolio 2 ~ 430,000 (2024: 2.12 million) 17 Retail Properties (2024: 17 Retail Properties) Pro
Slide 28: In Conclusion
In Conclusion SUNWAY
Slide 29: In Conclusion
In Conclusion The Group’s performance for the year is expected to remain strong o Rising geoeconomic uncertainties pose considerable risk to the global economic growth outlook. The Group’s operations are primarily concentrated in Malaysia, with limited exposure to international trade within the ASEA
Slide 30: Supplemental Information
Supplemental Information SUNWAY
Slide 31: Income Statements Highlights
Income Statements Highlights RM million Q1 FY2025 Q1 FY2024 Q4 FY2024 Revenue 2,367.0 1,419.0 2,854.7 EBIT 317.5 252.7 468.6 EBIT Margin (%) 13.4 17.8 16.4 PBT 304.1 226.7 493.4 PBT Margin (%) 12.8 16.0 17.3 PATMI 190.6 172.2 334.3 PATMI Margin (%) 8.1 12.1 11.7 Basic EPS1 (sen) 2.67 2.27 5.03 1 Bas
Slide 32: Solid Balance Sheet
Solid Balance Sheet RM million 31 March 2025 31 December 2024 (Unaudited) (Audited) Non-current Assets 19,317.8 18,614.3 Current Assets 12,893.3 12,903.5 Total Assets 32,211.1 31,517.8 Current Liabilities 10,743.2 10,023.0 Non-current Liabilities 5,310.4 5,556.4 Total Liabilities 16,053.7 15,579.4 S
Slide 33: Segmental Information
Segmental Information Property RM million Q1 FY2025 Q1 FY2024 Q4 FY2024 3M FY2025 3M FY2024 Development Revenue 263.3 287.7 809.6 263.3 287.7 Operating Profit 27.7 33.6 156.7 27.7 33.6 Operating Profit Margin (%) 10.5 11.7 19.4 10.5 11.7 EBIT (incl. share of associates & JCE) 34.5 46.1 160.6 34.5 46
Slide 34: Segmental Information
Segmental Information Construction RM million Q1 FY2025 Q1 FY2024 Q4 FY2024 3M FY2025 3M FY2024 Revenue 1,238.1 372.5 1,099.8 1,238.1 372.5 Operating Profit 109.8 49.8 89.8 109.8 49.8 Operating Profit Margin (%) 8.9 13.4 8.2 8.9 13.4 EBIT (incl. share of associates & JCE) 112.6 53.9 97.5 112.6 53.9
Slide 35: Property Launches in 2024
Property Launches in 2024 *as at end-April 2025 (inclusive bookings) Sunway Velocity 3 (Tower A & B) Sunway Aviana (Phase 3) Sunway Maple Sunway Wellesley Serene Villas Location Jalan Peel, Kuala Lumpur Sunway City Iskandar Puteri, Johor Sunway City Iskandar Puteri, Johor Bukit Mertajam, Penang Towe
Slide 36: Property Launches in 2024
Property Launches in 2024 *as at end-March 2025 (inclusive bookings) Sunway Bayu Novo Place Sunway Gardens (Phase 3) Location Sunway City Ipoh, Perak Plantation Close, Tengah, Singapore Tianjin, China GDV RM107 million SGD 790 million (Effective: RM918 million1) RMB179 million (Effective: RM105 mill
Slide 37: Property Projects Take-Up Rates
Property Projects Take-Up Rates *as of end-April 2025, inclusive of bookings Sunway Lenang Heights Sunway Flora Residences Sunway Dora Sunway Aviana Location Taman Molek, Johor Bahru Bukit Jalil, Kuala Lumpur Bayan Baru, Penang Sunway City Iskandar Puteri, Johor Manor (Bungalow) & Lavie (Semi-D): To
Slide 38: Property Projects Take Up Rates
Property Projects Take Up Rates *as of e end-April 2025, inclusive of bookings Jernih Residence (Tower A & B) Sunway Alishan Residences Sunway d’hill Residences Location Kajang, Selangor Cheras, Kuala Lumpur Kota Damansara, Kuala Lumpur Tower A: RM313 million Condominium: RM286 million Tower 1: RM25
Slide 39: Property Projects Take Up Rates
Property Projects Take Up Rates *as at end-April 2025 (inclusive bookings) Sunway Artessa Sunway Gardens Phase 3 Location Wangsa Maju, Kuala Lumpur Tianjin, China GDV RM404 million RMB375 million (Effective RM145 million) Type Serviced Residence Condominium December 2021: Block 1 (124 units) Units 4
Slide 40: Property Projects Take Up Rates
Property Projects Take Up Rates *as of end-April 2025, inclusive of bookings Terra Hills The Continuum Location Pasir Panjang, Singapore Thiam Siew Avenue, Singapore SGD 845 million SGD 2.2 billion GDV (Effective RM 852 million) (Effective RM 2.2 billion) Type Private Condominium Private Condominium
Slide 41: Thank You
Thank You Email : irsunwayberhad@sunway.com.my Website : www.sunway.com.my This presentation may contain certain forward-looking statements due to a number of risks, uncertainties, and assumptions. Representative examples of these factors include (without limitation) general industry and economic co