Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q1 2022 Earnings Presentation
21 slides from Malaysian Resources Corp. Bhd's earnings presentation, Mar 31, 2022
Slide 1: Analyst Briefing – Quarter Ended 31 March 2022
ANALYST BRIEFING Quarter Ended 31 March 2022 SN i wom 42 n puteh’s Promenade Boulevard
Slide 2: Table of Contents
1060 Carnegie in Melbourne, Australia GDV RM300 milion, ‘Completed December 2019 MCB Table of Contents W MRCB Financial Summary Key Highlights Financial Performance Segmental Reporting: Overview Segmental Reporting: Property Development & Investment Segmental Reporting: Engineering, Construction & E
Slide 3: MRCB Financial Summary
MRCB Financial Summary MRCB 1QFY2022 Overview MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others RM 811 mil. RM 32 mil. Development Construction 258% y-o-y 456% y-o-y Revenue 37% y-o-y RM mil. 187 613 11 Profit After Tax Net Gearing RM 14 mil. 256% y-o-y 0.29x Revenue Cont
Slide 4: Key Highlights
Key Highlights Revenue Operating Profit PBT EPS (RM mil.) (RM mil.) (RM mil.) (sen) 258% 252% 456% 158% 52 32 811 0.31 227 15 0.12 6 1Q2021 1Q2022 1Q2021 1Q2022 1Q2021 1Q2022 1Q2021 1Q2022 • The higher Revenue and Profit in 1QFY2022 vs 1QFY2021 was due to the consolidation and contribution of the LR
Slide 5: Financial Performance
Financial Performance 3M Y-o-Y RM Million FY2022 FY2021 Growth % Revenue 811 227 >100% Other Operating Income 7 9 (17.9)% Total Revenue 818 236 >100% Operating Expenses 766 221 >100% Operating Profit/(Loss) 52 15 >100% Operating Profit/(Loss) Margin (%) 6.5% 6.6% Finance costs 23 18 27.2% Share of r
Slide 6: Financial Performance
Financial Performance Revenue Operating Profit and Margin 17.4% 858 811 149 6.6% 6.5% 227 226 52 138 15 (12.0)% (12.7)% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 (29) (17) PBT and Margin EPS (sen) 1.68 21.8% 124 14.4% 2.5% 3.9% 0.31 32 0.12 6 (16.9)% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q
Slide 7: Financial Performance
Financial Performance RM Million 31 Mar 2022 31 Dec 2021 NAV Per Share* (sen) 103.3 Total Assets Current Assets 3,704 3,633 101.5 101.0 101.3 Non-Current Assets 5,544 5,552 99.5 Total Assets 9,248 9,185 Total Liabilities Current Liabilities 2,467 2,434 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Non-Current Liabi
Slide 8: Financial Performance
Financial Performance Leverage Profile (RM Million) 31 Mar 2022 31 Dec 2021 Net Debt and Gearing Debt Short Term Borrowings 630 479 Long Term Borrowings 1,464 1,453 1,310 1,304 HP creditors 0 0 1,293 Total Debt 2,094 1,932 0.30x 0.29x 1,250 0.29x 0.29x Less: Deposits, cash and bank balances 727 579
Slide 9: Financial Performance – Liquidity & Financial Flexibility
Financial Performance Liquidity & Financial Flexibility Liquid Assets Deposits, Cash & Cash Equivalents RM 727 mil. Other Investments RM 63 mil. Total RM 790 mil. Assets Available for Disposal Ascott Sentral Kuala Lumpur Menara Celcom, PJ Sentral Total RM 500-600 mil. Sukuk Murabahah* RM 300 mil. To
Slide 10: Segmental Reporting
Segmental Reporting Revenue Split – RM811 mil. Revenue Contribution Analysis 1% 811 1Q2021 E&C 613 1Q2022 23% Property 227 Development 84 132 187 10 11 Others** Group E&C Property Others** 76% Development Segmental Profit Split – RM51 mil. 51 1Q2021 26 21 1Q2022 16 13 5 4 (2) Group E&C Property Othe
Slide 11: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights 3M Y-o-Y RM Million FY2022 FY2021 Growth % Revenue 187 132 41.2% Profit 21 13 60.6% Margin (%) 11.3% 9.9% Profit and Margin Performance Discussion Contributed 23% of Group revenue, largely from Sentral Suites in KL Sentral, the 9 Seputeh mixed 136 residential dev
Slide 12: Property Sales of RM23 Million
Segmental Reporting – Key Highlights Property Sales of RM23 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown YTD 2022 Project (RM’mil) 31 Mar 2022 (RM’mil) Completed Projects Sentral Residences 1,439 100% 0.0 VIVO 9 Seputeh 982 84% 1.3 Kalista, Bukit Rahman Putra 102 85% 0.0 21% f
Slide 13: Total Unbilled Sales of RM818.3 Million
Segmental Reporting – Key Highlights Total Unbilled Sales of RM818.3 Million Breakdown of Unbilled Sales Revenue Recognised* In FY2022 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 26% Sentral Suites 68.3% 74.5 548.7 100% TRIA 9 Sep
Slide 14: What We Have To Sell: RM0.8 Billion
Segmental Reporting – Key Highlights What We Have To Sell: RM0.8 Billion (by Gross Development Cost) Unsold Projects Under Completed Unsold Units Total Construction RM421.7 mil. RM349.7 mil. RM771.4 mil. Total excluding unlaunched retail/office units in VIVO 9 Seputeh = RM209.8 mil. Breakdown of Com
Slide 15: Land Bank
Land Bank Land Size GDV Start Completion % Stake (Acres) RM' mil. Date Date Transport Oriented Developments KL Sentral 5.70 3,949 100% 2022 2027 PJ Sentral Garden City 11.91 2,700 100% 2013 2026 Penang Sentral 21.88 2,698 100% 2015 2027 Cyberjaya City Centre 41.45 5,350 70% 2017 2024 Kwasa Sentral 6
Slide 16: Ipoh Raya Integrated Park
Ipoh Raya Integrated Park 683.32 acres Mukim of Sungai Raya, District of Kinta, State of Perak Sustainable integrated logistics hub 2022 HIGHWAY STATE/ FEDERAL ROUTE EXISTING ACCESS ‘TRANSMISSION UNE RIVER
Slide 17: Vista Street Project in Surfers Paradise, Gold Coast
Vista Street Project in Surfers Paradise, Gold Coast • • • 17
Slide 18: Aotea Central Over Station Development, Auckland City Center
Aotea Central Over Station Development, Auckland City Center • • 18
Slide 19: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights 3M Y-o-Y RM Million FY2022 FY2021 Growth % Revenue 613 84 >100% Profit 26 (2) >100% Margin (%) 4.2% (1.9)% Profit and Margin Performance Discussion Contributed 76% of Group Revenue, largely from: LRT3, EPF Headquarters at Kwasa Damansara, and 1.6% 26 the DASH, MR
Slide 20: Key Highlights & Activities
Key Highlights & Activities Unbilled External Order Book – RM18,545 mil.1 as at 31 March 2022 External Order Book Analysis Contract Value Progress 2 External Contracts (RM Million) Fee-based Buildings: 4% PR1MA Brickfields 276 25% FINAS 170 10% Buildings Infra 2% Infrastructure: 46% MRT2 V210 Packag
Slide 21: Kwasa Sentral artist's impression and contact details
An artist's impression of Kwasa Sentral (GDV RMI 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 28597070 Fax: 603 2780 7988 www.mreb.com Ei MRCBGroup
Malaysian Resources Corporation Berhad — Q1 2022 Earnings Presentation on 6ix