Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q1 2021 Earnings Presentation
17 slides from Malaysian Resources Corp. Bhd's earnings presentation, Mar 31, 2021
Slide 1: Analyst Briefing, Quarter Ended 31 March 2021
ANALYST BRIEFING Quarter Ended 31 March 2021 www.mrcb.com 11 An artist’s impression of the 9 Seputeh’s Promenade Boulevard
Slide 2: Table of Contents
1060 Carnegie in Melbourne, Australia GDV RM300 million Table of Contents Completed December 2019 3 MRCB Financial Summary 4 Key Highlights 5 Financial Performance 9 Segmental Reporting: Overview 10 Segmental Reporting: Property Development & Investment 15 Segmental Reporting: Engineering, Construct
Slide 3: MRCB Financial Summary
MRCB Financial Summary MRCB 1QFY2021 Overview MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others RM 227 mil. RM 6 mil. Development Construction 47% y-o-y 79% y-o-y Revenue 37% y-o-y RM mil. 132 84 11 Profit After Tax Net Gearing RM 4 mil. 76% y-o-y 0.26x Revenue Contributi
Slide 4: Key Highlights 1QFY2021 vs. 1QFY2020
Key Highlights 1QFY2021 vs. 1QFY2020 Revenue (RM mil.) Operating Profit (RM mil.) PBT (RM mil.) EPS (sen) 426 47% 62% 79% 67% 40 28 0.36 227 15 0.12 6 1Q2020 1Q2021 1Q2020 1Q2021 1Q2020 1Q2021 1Q2020 1Q2021 Key Highlights • The higher revenue and profit recorded in the corresponding period in 2020 w
Slide 5: Financial Performance: Profit & Loss
Financial Performance Profit & Loss 1Q (3M) Y-o-Y RM Million FY2021 FY2020 Growth % Revenue 227 426 (46.8)% Other Operating Income 9 8 15.5% Total Revenue 236 434 (45.6)% Operating Expenses 221 394 (43.9)% Operating Profit/(Loss) 15 40 (62.4)% Operating Profit/(Loss) Margin (%) 6.6% 9.3% Finance cos
Slide 6: Financial Performance: Quarterly Analysis
Financial Performance Quarterly Analysis Revenue Operating Profit* and Margin* 426 13.6% 42 40 9.3% 298 309 6.6% 5.3% 227 16 15 167 -5.1% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 (9.00) PBT* and Margin* EPS* (sen) 35 11.2% 0.61 28 6.5% 8 0.36 6 0.12 2.6% 2.5% 0.02 Q1'20 Q2'20 Q3'2
Slide 7: Financial Performance: Balance Sheet
Financial Performance Balance Sheet RM Million 31 March 2021 31 Dec 2020 NAV Per Share* (sen) 109.3 Total Assets Current Assets 2,793 2,962 Non-Current Assets 5,380 5,352 Assets held for sale - - 103.1 103.1 103.1 103.3 Total Assets 8,173 8,314 Total Liabilities Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Current
Slide 8: Financial Performance: Borrowings
Financial Performance Borrowings Leverage Profile (RM Million) 31 March 2021 31 Dec 2020 Net Debt and Gearing Debt Short Term Borrowings 598 602 0.30x Long Term Borrowings 1,230 1,331 1,413 1,381 0.30x 0.24x 0.26x HP creditors 0 0 0.23x 1,191 1,200 Total Debt 1,828 1,933 1,090 Less: Deposits, cash a
Slide 9: Segmental Reporting Overview
Segmental Reporting Overview Revenue Split – RM277 mil. Revenue Contribution Analysis 426 5% 1Q2020 E&C 1Q2021 236 37% Property 227 175 Development 132 Others** 84 15 11 58% Group E&C Property Others** Development Segmental Profit Split – RM16 mil. 40 1Q2020 24 1Q2021 16 13 13 3 5 (2) Group E&C Prop
Slide 10: Property Development & Investment Key Highlights
Segmental Reporting – Key Highlights Property Development & Investment Q1 (3M) Y-o-Y RM Million FY2021 FY2020 Growth % Revenue 132 236 (44.1)% Profit 13 24 (45.8)% Margin* (%) 9.9% 10.2% Profit* and Margin* Performance Discussion Contributed 58% of Group revenue, largely from: Group’s on-going prope
Slide 11: Property Sales of RM51.6 Million
Segmental Reporting – Key Highlights Property Development & Investment Property Sales of RM51.6 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown YTD Project (RM’mil) 31 March 2021 2021 (RM’mil) Completed Projects Sentral Residences 1,439 99% 0.0 VIVO 9 Seputeh 980 82% 3.9 Kalista,
Slide 12: Total Unbilled Sales of RM1.0 Billion
Segmental Reporting – Key Highlights Property Development & Investment Total Unbilled Sales of RM1.0 Billion Breakdown of Unbilled Sales Revenue Recognised* 3M FY2021 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 24% Sentral Suites
Slide 13: What We Have To Sell: RM0.8 Billion
Segmental Reporting – Key Highlights Property Development & Investment What We Have To Sell: RM0.8 Billion Projects Under Construction Completed Unsold Units Total RM389.9 mil. RM450.9 mil. RM840.8 mil. Total excluding unlaunched retail units in 1060 Carnegie and VIVO 9 Seputeh = RM268.4 mil. Breakd
Slide 14: Land Bank
Land Bank Property Development & Investment Land Size GDV Start Completion % Stake (Acres) RM' mil. Date Date Transport Oriented Developments KL Sentral: Lot F 5.70 3,949 100% 2022 2027 PJ Sentral Garden City 11.91 2,700 100% 2013 2026 Penang Sentral 21.97 2,698 100% 2015 2027 Cyberjaya City Centre
Slide 15: Engineering, Construction & Environment Key Highlights
Segmental Reporting – Key Highlights Engineering, Construction & Environment ( Q1 (3M) Y-o-Y RM Million FY2021 FY2020 Growth % Revenue 84 175 (51.7)% Profit (2) 13 >(100)% Margin* (%) (1.9)% 7.2% Profit* and Margin* Performance Discussion Contributed 37% of Group Revenue, largely from: EPF Headquart
Slide 16: Unbilled External Order Book
Segmental Reporting – Key Highlights Engineering, Construction & Environment Unbilled External Order Book – RM20,361 mil. External Order Book Analysis Contract Value Progress External Contracts (RM Million) Fee-based Buildings: 6% Desaru Convention Centre 62 99% Infra Buildings PR1MA Brickfields 335
Slide 17: Malaysian Resources Corporation Berhad contact details
An artist’s impression of Kwasa Sentral (GDV RM11 million) MALAYSIAN RESOURCES CORPORATION BERHAD (7994-D) Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 / 603 2859 7070 Fax: 603 2780 7988 www.mrcb.com MRCBGroup
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