Megawide Construction Corporation · PSE:MWIDE
Megawide Construction — 9M2021 Earnings Presentation
31 slides from Megawide Construction's earnings presentation, Nov 12, 2021
Slide 1: 9M2021 Operating and Financial Results Analyst Briefing
9M2021 Operating and Financial Results Analyst Briefing 12 November 2021
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Megawide Construction Corporation (the “Company”). This presentation, as well as discussio
Slide 3: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT In PhP M 9M2021 9M2020 YoY% REMARKS Total Revenues 11,446 9,032 27% Construction 10,556 7,412 42% Near normalcy of construction Airport Operations 366 998 -63% Pandemic impact Airport Merchandising 10 70 -85% Landport Operations 514 552 -7% Gradual recovery Direct Costs
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS PERFORMANCE REVENUE (PhP M) EBITDA (PhP M) NET INCOME / (LOSS) (PhP M) 9,032 11,446 514 (510) 2,474 366 10 (918) 107 552 428 70 1,758 998 117 452 3 10,556 11 490 -266 7,412 274 2,213 -1,057 -771 983 -158 9M 2020 9M 2021 9M 2020 9M 2021 9M 2020 9M 2021 -9 BREAKDOWN REVENUE EBITDA
Slide 5: Margin Performance
MARGIN PERFORMANCE In PhP M 9M2021 9M2020 FY 2020 FY 2019 REMARKS Gross Profit Margin 17% 18% 19% 23% Construction 15% 11% 13% 13% Recovery of construction Airport Operations 24% 45% 43% 58% Lower revenue due to travel bans Airport Merchandising 24% 72% 70% 73% Terminal Operations 55% 54% 61% 44% In
Slide 6: Liquidity and Gearing Ratios
LIQUIDITY AND GEARING RATIOS In PhP M 30 September 2021 31 December 2020 Parent1 GMCAC2 Conso Parent1 GMCAC2 Conso Cash/financial assets 3,687 314 6,508 5,705 979 7,226 Total Debt 18,189 24,737 47,572 18,146 23,864 45,920 Equity 16,554 7,081 19,635 15,823 8,138 20,532 D-E Ratio 1.10 3.49 2.42 1.15 2
Slide 7: Engineering, Procurement & Construction
ENGINEERING, PROCUREMENT & CONSTRUCTION
Slide 8: Revenue Normalized
REVENUE NORMALIZED QUARTERLY PERFORMANCE (PhP M) ORDER BACKLOG 100 80.0 90 4,783 70.0 80 Order Book (PhP B) 68.4 4,342 60.0 70 No. of Projects 60.2 3,799 3,616 3,596 3,539 50.0 60 52.4 3,430 3,421 50 50.1 50 37 41 40.0 39.1 2,568 2,551 40 30.0 32.6 43 30 38.5 20.0 20 30 10 21 21 10.0 1,062 0 0.0 201
Slide 9: Diverse and Healthy Order Book
DIVERSE AND HEALTHY ORDER BOOK SEGMENT Residential, 34% Office, Commercial and Industrial, 49% % COMPLETION 80-100%, 1% 20-80%, 32% Infra and Facilities, 17% AREA 0-20%, 67% Visayas, 11% Other Luzon, 15% Metro Manila, 74% * Includes P8.9B contract of MCRP under equity method 8
Slide 10: Airport Operations
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Slide 11: Preparing for Take Off
PREPARING FOR TAKE OFF QUARTERLY REVENUES (PhP M) 9M2021 BREAKDOWN P366M AERO RELATED, PSC, P111M P49M NON-AERO, P206M 119 110 111 114 133 85 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Note: Numbers do not include airport merchandising revenues 10
Slide 12: Upward Passenger Trajectory
Int'l 13% 87% BREAKDOWN Domestic Apr-20 1.8 1.8 Dom Int’l Total May-20 3.8 0.5 Int'l Jun-20 24.2 5.0 UPWARD PASSENGER TRAJECTORY Domestic Jul-20 30.3 11.0 Aug-20 28.4 10.6 Sep-20 31.1 8.3 Oct-20 35.3 6.6 Nov-20 38.1 5.5 755.2 657.7 97.5 9M2021 Dec-20 56.4 5.5 Jan-21 62.1 5.4 (in ‘000) Feb-21 52.6 5.
Slide 13: Air Traffic Gaining Ground
Int'l 10% 90% Domestic BREAKDOWN AIR TRAFFIC GAINING GROUND Apr-20 24 17 Int’l Dom Total May-20 55 5 Jun-20 344 32 Domestic Int'l Jul-20 385 85 Aug-20 336 104 Sep-20 415 128 Oct-20 442 107 9M2021 8,921 861 8,060 Nov-20 431 89 Dec-20 832 89 Jan-21 845 70 ATM YTD Feb-21 771 58 24,534 5,718 18,816 9M20
Slide 14: Non-Aero Contribution
NON-AERO CONTRIBUTION BREAKDOWN NON-AERO SHARE TO TOTAL 56% 44% 32% 34% 31% 28% 21% 23% NON-AERO, P206M -51% YoY 2014 2015 2016 2017 2018 2019 2020 9M2021 13
Slide 15: Landport Operations
LANDPORT OPERATIONS
Slide 16: Steady Amid Restrictions
STEADY AMID RESTRICTIONS 9M2021 BREAKDOWN QUARTERLY RENTAL REVENUE P514M (in Php M) PFRS 16, P100M Office Commercial 21 31 Retail, P73M Office, 25 P341M 30 21 266 186 162 143 133 0 24 2Q2020 3Q2020* 4Q2020 1Q2021 2Q2021 3Q2021 *PAS adjustment of –P80M 15
Slide 17: Continued Recovery
Mar-20 56 Apr-20 May-20 10 Jun-20 27 Jul-20 Aug-20 29 Sep-20 39 Oct-20 Nov-20 46 51 Dec-20 58 Jan-21 Feb-21 52 53 Mar-21 45 Apr-21 26 May-21 41 CONTINUED RECOVERY Jun-21 51 Jul-21 47 AVERAGE DAILY FOOT TRAFFIC (‘000) Aug-21 28 Sep-21 35 Jan-20 31 Feb-20 33 Mar-20 35 Apr-20 May-20 20-Jun Jul-20 Aug-2
Slide 18: Project Updates
- PROJECT UPDATES
Slide 19: MCRP Package 1
MCRP PACKAGE 1 fil MEGAWIDE
Slide 20: MCRP Package 1
MCRP PACKAGE 1 19 fil MEGAWIDE Engineering A First-World Philippines
Slide 21: MCRP Package
MCRP PACKAGE 1 20 20
Slide 22: Carbon Market
CARBON MARKET 1.0 | Interim Market : Ramp and Stairs at the Atrium Area and Railings Ramp at Atrium Area Stairs at Atrium Area
Slide 23: Carbon Market
CARBON MARKET 1.0 | Interim Market : Parapet Walls Parapet Wall at 2ndF along Quezon Parapet Wall at 3rdF along Quezon Parapet Wall at 3rdF along M.C Blvd Blvd Briones Street 1.0 | Interim Market : 2nd Floor Railings
Slide 24: Carbon Market
CARBON MARKET 1.0 | Interim Market : Toilets Toilet at 2ndF along F. Calderon Toilet at Ground Floor along Plaridel Toilet at 2ndF along Plaridel Street Street Street 1.0 | Interim Market : Application of Carbon Fiber in some Columns Carbon Fiber Reinforced Polymer Retrofitting Works at GF Carbon Fi
Slide 25: Carbon Market
CARBON MARKET 1.0 | Interim Market : Fabrication of Stalls on Site for Batch 1
Slide 26: Carbon Market
CARBON MARKET 1.0 | Interim Market : Concreting of Slab on Grade for Ambulant Vendor Area along M.C Briones
Slide 27: Carbon Market
CARBON MARKET 1.0 | Interim Market : MOD Office Concreting of Columns at 3rd Floor
Slide 28: Carbon Market
CARBON MARKET 1.0 | Sto Niño Park and Chapel : Concrete Pouring of Slab on Grade
Slide 29: Carbon Market
CARBON MARKET 1.0 | Bagsakan Zone : Ambulant Vendors On-going Operation
Slide 30: Carbon Market
CARBON MARKET 1.0 | Viaduct Area : Security and Gate Board-up
Slide 31: End of presentation
fil MEGAWIDE A First- World Philippines End of presentation Contact us Follow us