Mah Sing Group Bhd. · MYX:MAHSING
Mah Sing Group Bhd — Investor Presentation (May 2024)
26 slides from Mah Sing Group Bhd's investor presentation, May 2024
Slide 1: Malaysia's King of Urban Residential Projects
66 Malaysia’s King of Urban Residential Projects 99 Investor Presentation May 2024 Reinvent Spaces. Enhance Life.
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, estimates, forecasts, and projections about the industry, markets, and the company itself. Actual results may differ materially from those expres
Slide 3: Contents
| CONTENTS 1 Differentiated Business Model 4 Financial Review 2 Macro Overview 5 ESG Initiatives 3 Strategy & Overview of Operations 6 Growth Strategies & Key Takeaways
Slide 4: Differentiated Business Model
| 1 Differentiated Business Model
Slide 5: Differentiated Business Model: Accelerated Time-to-Market and Capital-Efficient Land Acquisition
Accelerated Time-to-Market Capital-Efficient Land Acquisition Attractive land cost/GDV 12% oogezem04 Launch within 7-12 months from acquisitions Deferred Payment* 412-48 months/ 4 years option MN Agile Responsiveness Proactively adjust to shifts in demand trends Luxury / High-End Mid-High M-Series 2
Slide 6: Macro Overview
| 2 Macro Overview
Slide 7: Current Landscape: Rates, Incentives, Infrastructure Projects
OPR C-) SAN ormLaunerwincay Despite recent climbs, rates remain attractive Current Landscape: Entry-Level Strategy In Alignment with Prevailing Market Conditions 2020 2021 2022 2023 2024F Source: ANM & au Unemployment Rate Healthy GDP growth and employment conditions Government Incentives Budget 202
Slide 8: Long-term Fundamentals: Demography, Homeownership, Demand and Supply
—_ Long-term Fundamentals: Population Age 379 388 400 26% 28% 28% 22% 22% 23% _ é¢ ” LES EOFS M019 = 2039 940.54 255 Source: US Cen 2023 Relatively young with median age at 30 Young Demography Drives Sustained Need for Homes Household Size ttn ‘Source: United Nations Anticipated housing demand arisi
Slide 9: Strategy & Overview of Operations
| 2 Strategy & Overview of Operations
Slide 10: Strategic Alignment and Market Success
NiahSing Strategic Alignment and Market Success M-Series tailored for entry-level market resonate strongly with the millennial demographic M-Series Strategic Alignment with fastest-growing In-Demand Entry-Level employment age group: The Millennial Value Homes Mah Sing’s Buyer Profile Age Group | 364
Slide 11: Unique Product Offering
Location Price Type / Sizes Target Customer Lifestyle Offerings QLASSIC Score / Certifications Be MRTART interchange "Baw Gyn with Technogym equipment Unique Product Offering Market differentiator: An Unbeatable Combination of Affordability + Quality + Lifestyle M Vertica Cheras From RM450K High Ris
Slide 12: Well-Established Sales & Marketing Strategy
Well-Established Sales & Marketing Strategy Sustained growth through customer-centric initiatives and technological advancements Widespread Market Reach Targeted Marketing Campaigns In-house sales team Effective initiatives to capture attention of the MR J FFREY . + Extensive network of agents key d
Slide 13: Affordable Excellence in Development
Affordable Excellence in Development Blending Practical Design, Efficiency, and Innovative Technology for Quality, Cost-Effectiveness, and Timely Execution Practical Design Efficient Management Above-average QLASSIC Scores Simplicity & standardization for * Strategic material selection -™, easy cons
Slide 14: Agile Land Acquisition Strategy
aati || a : me alrteant Agile Land Acquisition Strategy: Capital-Savvy, and Opportunistic Acquisitions in Sync with Industry Cycles 2024 2023 2022 2021 2019 +RM3.5bn GDV +RM5.5bn GDV +RMO.5bn GDV +RM2.1bn GDV +RM1.6bn GDV 7% - 14% land cost/GDV 41% - 17% land costiGDV 8% land cost/GDV 12% - 15% land
Slide 15: Healthy Credit Profile
-— « Healthy Credit Profile: Access to Capital with Industry Low Bank Funding Rates Healthy Balance Sheet Low Leverage oes Net Gearing (times) PPP rrr RCO Rao Ave Borrowing Cost Low Borrowing Costs 79% fixed rate debt, 22% floating rate debt 6.5% 6.2%6.3% Debt Maturity Profile 99% debt due only in 2
Slide 16: Consistent Record of Shareholders' Returns
Consistent Record of Shareholders’ Returns Reflecting Solid Execution and Disciplined Management 18 Years of Uninterrupted Record of Minimum 40% Dividend Payout 46% 45% tae, 48% 42% 43% 42% 43% 43% 43% A1% 40% 41% AN% 41% 40% 40% 40% FYE 31Dec 2006 2007 ~=2008 ~—2009 2010 2011 2012 2013 2014 2015 20
Slide 17: Financial Review
| 4 Financial Review
Slide 18: Consistent Sales Success
Consistent Sales Success: Reaching New Heights, Enroute to Peak Property Cycle Performance Higher 2024 Sales Target Minimum RM2.5bn 2.5 Minimum 3.4 3.0 18 18 15 15 L L i; ; 2010 «201-2012, 2018S 2014-2015 2016) 2017S 2018 = 2019 2020 2021: 2022, 2023S 2024 Historical Sales Trend (RM’bn) 18
Slide 19: Multi-year High FY2023 Performance
Multi-year High FY2023 Performance: Well Positioned to Chart New Heights in 2024 = AMEFEn RCOMSE . Earnings Per Share (sen) ee =-==--ssueueblls) oan lCU ee = “oe 8.87 Of 7 ——— en nnnerrrr 2600 nen A24 7 yoy 5 175 252 es 6.50 PBT 153 449 439 [| L] LJ a || a 8.87sen 2019 2020 2021 2022 2023 2019 2020
Slide 20: 2024 Sales Prospects
2024 Sales Prospects: Fueled by a Robust Project Pipeline Diverse Portfolio of 18 Contributing Projects Affordable Price Points MLegasi (Glengowrie Estate), Price Points < 500K 500K-700K 700K-1M >1M New Projects M Terra & Hana, Puchong (Maiden Launches) y tiara, JB Saransin@) 2024 | 72% 24% | 3% 1%
Slide 21: ESG Initiatives
| 5 ESG Initiatives
Slide 22: Progress on ESG Efforts
Top 25% ee nhkk FG Sustainability Progress on ESG Efforts 2 2015 PERE Green Design % @) Automated waste — Electric vehicle collection system charging stations Low VOC Rainwater Green passive design paint harvesting North-South building system orientation Green Certifications Za Py 6,109 MT ie total
Slide 23: Growth Strategies & Key Takeaways
| 6 Growth Strategies & Key Takeaways
Slide 24: Driving Growth: Strategic Evolution
Driving Growth: Strategic Evolution Unlocking Potential, Capturing Opportunities Affordable @© © @8 © Mid-High nr on ee ee Long-Term Value Enhancement High-End e e Immediate to Mid-Term + “King of Urban Residential Projects” Meridin — MLegasi . Strengthen market share with acre a Gecaeure oe, mcied
Slide 25: Key Takeaways
Key Takeaways Positioned for Sustainable Growth in the Dynamic Real Estate Landscape Strategic Market Positioning Affordable segment targeting high-growth Millennial First- Home Buyers Industrial portfolio expansion amidst surging FDI opportunities Resilient Growth Strategies Innovative and discipli
Slide 26: Reinvent Spaces. Enhance Life.
Reinvent Spaces. Enhance Life. ir@mahsing.com.my