Sunway Bhd. · MYX:SUNWAY
Sunway Bhd — Q1 2024 Earnings Presentation
21 slides from Sunway Bhd's earnings presentation, 2024
Slide 1: Sunway Berhad Q1 FY2024
Sunway Berhad First Quarter Financial Year Ending 31 December 2024 (Q1 FY2024) 1
Slide 2: Financial Overview
shar SUNWAY’ oF\ COMMITMENT Financial Overview
Slide 3: Financial Overview: Q1 FY2024 Performance Snapshot
Financial Overview Financial Performance Snapshot for Q1 FY2024 12% 18% 22% Revenue Profit Before Tax PATMI RM1,419 million RM227 million RM172 million (Q1 FY2023: RM1,264 million) (Q1 FY2023: RM192 million) (Q1 FY2023: RM142 million) Financial Position as at 31 March 2024 Total Equity Shareholders’
Slide 4: Financial Overview – Q1 FY2024
Financial Overview – Q1 FY2024 Revenue Profit Before Tax YoY 12% YoY 18% QoQ QoQ 24% 35% (RM million) (RM million) 1,865 1,419 1,264 350 227 192 Q1 FY2023 Q4 FY2023 Q1 FY2024 Q1 FY2023 Q4 FY2023 Q1 FY2024 o Revenue increased 12% YoY to RM1,419 million in Q1 FY2024, o Profit before tax (PBT) increase
Slide 5: Financial Position as at 31 March 2024
Financial Position as at 31 March 2024 Total Equity & Shareholders Funds Total Assets and NAV Per Share Total equity (RM billion) Shareholders’ Funds (RM billion) 2.15 2.18 2.13 15.0 15.3 14.2 2.05 13.6 13.9 13.1 12.5 29.4 12.0 28.6 26.1 25.1 2021 2022 2023 (as at 31 March 2024) 2021 2022 2023 (as a
Slide 6: Core Segments Performance
+4 SUNWAY’ oF\ COMMITMENT Core Segments Performance
Slide 7: Segmental Revenue and Profit Before Tax (Quarterly)
Segmental Revenue and Profit Before Tax (Quarterly) Movement in Segmental Revenue Movement in Segmental Profit Before Tax Q1 FY2024: RM1,419 million Q1 FY2024: RM227 million (Q1 2023: RM1,264 million) (Q1 2023: RM192 million) RM million RM million Property Healthcare Construction Property Trading &
Slide 8: Property Development
Property Development Revenue Profit Before Tax YoY 16% YoY 68% QoQ QoQ 42% 44% 496 RM million RM million 288 248 69 39 23 Q1 FY2023 Q4 FY2023 Q1 FY2024 Q1 FY2023 Q4 FY2023 Q1 FY2024 o Revenue increased 16% YoY to RM248 million in Q1 FY2024, o PBT surged 68% YoY to RM39 million in Q1 FY2024, in line
Slide 9: Property Development Operational Metrics
Property Development Operational Metrics Unbilled Sales / Revenue (times) 6.7 Property Sales Property Unbilled Sales 4.2 RM4.20 billion 4.1 RM498 million 4.0 4.3 3.6 (As at 31 March 2023 : RM505 million) (As at 31 March 2023: RM4.39 million) 2.9 3.0 China 2% 1.4 1.41 1.2 Singapore 0.6 24% FY2024 202
Slide 10: Healthcare
Healthcare Operational Metrics Profit Before Tax1 YoY 28% QoQ 12% No. of Operating No. of Licensed Beds Hospitals 42 3 1,158 beds 37 29 (Q1 2023: 3) (Q1 2023: 866) Q1 FY2023 Q4 FY2023 Q1 FY2024 1 Share of net profit of Sunway Healthcare Group o Sunway Medical Centre Damansara and Sunway Medical Cent
Slide 11: Healthcare: Increasing Beds Capacity
Healthcare Increasing Beds Capacity Sunway City Kuala Lumpur Seberang Jaya, Penang Phase 1: 616 beds (Tower A, B & C) Phase 1: 180 beds (Opened) Phase 2: 242 beds (Tower D & E) Phase 2: 153 beds Phase 3: 223 beds (Tower F) (Opening 2024) Velocity Kuala Lumpur Paya Terubong, Penang Phase 1: 240 beds
Slide 12: Construction
Construction Revenue Profit Before Tax YoY 14% YoY 7% QoQ QoQ 30% 33% 533 RM million RM million 372 328 63 42 40 Q1 FY2023 Q4 FY2023 Q1 FY2024 Q1 FY2023 Q4 FY2023 Q1 FY2024 Q4 FY2023 Q1 FY2024 o Revenue increased 14% YoY to RM372 million in Q1 FY2024, o PBT rose 7% YoY to RM42 million, in line with
Slide 13: Construction: Order Book
Construction Sustainable Energy 2% Solid Diversified India 3% As at 31 March 2024 Order Book Singapore Precast 10% Ongoing Infrastructure / Inhouse 49 projects Piling 7% 34% Outstanding Total Outstanding Order Book Order Book RM6.3 billion RM6.3 billion (As at 31 March 2024) Q1 2024 New Order Book S
Slide 14: Construction: Outstanding Order Book
Construction Outstanding Order Book of RM6.3 billion to provide earnings visibility in the next 2-3 years Order Book Completion Contract Sum Outstanding Order Book Order Book Completion Contract Sum Outstanding Order Book (As at 31 March 2024) (RM mil) (RMmil) (%) (As at 31 March 2024) (RM mil) (RMm
Slide 15: Construction: Order Book Replenished in Q1 FY2024
Construction Order Book Replenished in Q1 FY2024: Achieved >50% of FY2024 Order Book Replenishment Target Order Book Client Completion Contract Sum (As of March 2024) (RM million) Sunway Ipoh Mall Sunway Lost World Water Park Sdn Bhd Q1 2027 721 Early Contractor Involvement (ECI) & Work Order Multin
Slide 16: Supplemental Information
Supplemental Information 16
Slide 17: Income Statements Highlights
Income Statements Highlights RM million Q1 FY2024 Q1 FY2023 Q4 FY2023 Revenue 1,419.0 1,263.7 1,865.2 EBIT 252.7 196.1 374.7 EBIT Margin (%) 17.8 15.5 20.1 PBT 226.7 192.0 350.5 PBT Margin (%) 16.0 15.2 18.8 PATMI 172.2 141.6 266.0 PATMI Margin (%) 12.1 11.2 14.3 Basic EPS1 (sen) 2.27 1.98 4.39 1 Ba
Slide 18: Solid Balance Sheet
Solid Balance Sheet RM million 31 March 2024 (Unaudited) 31 December 2023 (Audited) Non-current Assets 19,243.0 18,639.1 Current Assets 10,137.4 9,944.7 Total Assets 29,380.4 28,583.8 Current Liabilities 9,901.4 9,241.6 Non-current Liabilities 4,217.7 4,341.9 Total Liabilities 14,119.1 13,583.5 Shar
Slide 19: Segmental Information
Segmental Information Property RM million Q1 FY2024 Q1 FY2023 Q4 FY2023 Development Revenue 287.7 247.8 495.5 Operating Profit 33.6 14.2 55.1 Operating Profit Margin (%) 11.7 5.7 11.1 EBIT (incl. share of 46.1 26.8 68.8 associates & JCE) EBIT Margin (%) 16.0 10.8 13.9 Property RM million Q1 FY2024 Q
Slide 20: Segmental Information
Segmental Information Construction RM million Q1 FY2024 Q1 FY2023 Q4 FY2023 Revenue 372.5 327.9 532.8 Operating Profit 49.8 43.7 81.9 Operating Profit Margin (%) 13.4 13.3 15.4 EBIT (incl. share of 53.9 44.0 69.3 associates & JCE) EBIT Margin (%) 14.5 13.4 13.0 20
Slide 21: 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