Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — Q4 FY2016 Earnings Presentation
33 slides from Eco World Development Group Bhd's earnings presentation, Dec 8, 2016
Slide 1: Q4 FY2016 Results & Briefing
Q4 FY2016 RESULTS & BRIEFING 8 DECEMBER 2016
Slide 2: Profit & Loss Statement
PROFIT & LOSS STATEMENT AS AT 31 OCTOBER 2016 YEAR ENDED YEAR ENDED RM’000 % CHANGE Q4 FY2016 31 OCTOBER 2016 31 OCTOBER 2015 Revenue 2,546,437 1,712,061 49% 740,988 Gross Profit 595,144 411,898 44% 181,829 Gross Profit Margin % 23% 24% 24% Other Operating Income 21,804 19,862 10% 8,534 Selling & Ma
Slide 3: Sales Target Achieved!
SALES TARGET ACHIEVED! AS AT 31 OCTOBER 2016 ECOWORLD MALAYSIA SALES RM(mn) RM(mn) Sales achieved as at 31 July 2016 1,638.0 Sales achieved in 4th Quarter 2016 • Ongoing Projects 573.5 • New Project Launches (EcoWorld’s Firsts Campaign) 912.0 • 40% of BBCC Sales 278.6 1,764.1 FY2016 SALES FROM MALAY
Slide 4: FY2016 Gross Sales
FY2016 GROSS SALES UNDER THE ECOWORLD BRAND NAME RM(mn) RM(mn) • Klang Valley (including 100% of BBCC Sales) 2,472.9 • Iskandar Malaysia 1,199.4 • Penang 147.6 FY2016 GROSS SALES FROM MALAYSIAN PROJECTS 3,819.9 FY2016 GROSS SALES FROM INTERNATIONAL PROJECTS 2,252.1 FY2016 GROSS SALES OF PROPERTIES U
Slide 5: Malaysian Projects Sales Breakdown
MALAYSIAN PROJECTS SALES BREAKDOWN AS AT 31 OCTOBER 2016 CUMULATIVE SALES FY2014 – FY2015 FY2016 CUMULATIVE SALES FY2014 – FY2016 PROJECT UNITS UNITS SALES VALUE UNITS UNITS SALES VALUE UNITS UNITS SALES VALUE LAUNCHED SOLD (RM’000) LAUNCHED SOLD (RM’000) LAUNCHED SOLD (RM’000) Saujana Glenmarie - 2
Slide 6: Pro-forma Progress Billings
PRO-FORMA* PROGRESS BILLINGS AS AT 31 OCTOBER 2016 EFFECTIVE SALES SECURED PROGRESS FUTURE PROGRESS PROJECT STAKE (%) (RMmn) BILLINGS (RMmn) BILLINGS (RMmn) Eco Sky 100% 701.8 323.4 378.5 Saujana Glenmarie 100% 227.5 227.5 - Eco Majestic 100% 2,075.2 1,066.8 1,008.4 Eco Sanctuary 100% 1,132.2 233.0
Slide 7: Ongoing Projects Updates
ONGOING PROJECTS UPDATES ECOWorRLD CREATING TOMORROW & BEYOND
Slide 8: Eco Sky
ECO SKY HANDING OVER 144 UNITS OF RETAIL & COMMERCIAL SPACE WILL COMMENCE HANDING OVER IN DECEMBER 2016
Slide 9: Eco Majestic FY2016 Updates
ECO MAJESTIC FY2016 UPDATES OVERWHELMING RESPONSE FOR SIMFONI & KARISMA MEDIUM- COST APARTMENTS LAUNCHED IN FEBRUARY & MARCH 2016 OFFICIAL OPENING OF ECO MAJESTIC INTERCHANGE ON 19 OCTOBER 2016
Slide 10: Eco Majestic
ECO MAJESTIC HANDING OVER 612 UNITS OF PHASE 1 CRADLETON TERRACE HOUSES TARGETED TO BE HANDED OVER IN Q1 FY2017 182 UNITS OF BUNGALOW LOTS TARGETED TO BE HANDED OVER IN DECEMBER 2016
Slide 11: Eco Sanctuary FY2016 Updates
ECO SANCTUARY FY2016 UPDATES ECO SANCTUARY CARE HUB LAUNCHED ON 7 AUGUST 2016 PROVIDING RESIDENTS A CENTRAL POINT FOR ACCESSING CARE ADMINISTRATION & WELLNESS SERVICES GRANDEZZA – LANDED PRECINCT CONSISTING OF 260 UNITS OF BUNGALOWS & SEMI-DS OPENED FOR PREVIEW IN SEPTEMBER 2016
Slide 12: Eco Botanic
ECO BOTANIC HANDING OVER 624 UNITS OF CLUSTERS & SEMI-DS COMMENCED HANDING OVER IN SEPTEMBER 2016
Slide 13: Eco Spring & Eco Summer
ECO SPRING & ECO SUMMER FY2016 UPDATES PARK HOME SERIES, LANDED RESIDENTIAL TERRACE HOMES IN ECO SUMMER TOWNSHIP
Slide 14: Eco Tropics FY2016 Updates
ECO TROPICS FY2016 UPDATES OVERNIGHT QUEUES FOR THE LATEST LAUNCH OF MILLSGATE 20’ X 70’ DOUBLE STOREY TERRACE HOMES ON 29 MAY 2016 COMPLETION OF WEST LAKE GARDENS, A 30-ACRE TOWN PARK WITH 16-ACRE BODY OF WATER
Slide 15: Eco Tropics
ECO TROPICS HANDING OVER 144 UNITS OF CLUSTER HOMES FROM THE ORIGINAL MASTER PLAN TO BE HANDED OVER IN Q1 FY2017
Slide 16: Eco Business Park I & III
ECO BUSINESS PARK I & III HANDING OVER & FY2016 UPDATES ECO BUSINESS PARK III – SALE OF 5-ACRE PLOT TO TESCO IN NOVEMBER 2015 ECO BUSINESS PARK I – HANDOVER OF PHASE 1 CLUSTER & SEMI-D FACTORIES COMMENCED IN DECEMBER 2015
Slide 17: Eco Meadows
ECO MEADOWS FY2016 UPDATES ECO BLOOM @ ECO MEADOWS SALES GALLERY OPENED TO THE PUBLIC ON 12 JUNE 2016
Slide 18: EcoWorld's Firsts Campaign
ECOWORLD’S FIRSTS CAMPAIGN 25 SEPTEMBER 2016
Slide 19: EcoWorld's Firsts Campaign September 2016
ECOWORLD’S FIRSTS CAMPAIGN 25 SEPTEMBER 2016 MEGA LAUNCH OF 4 NEW PROJECTS ACROSS ALL 3 REGIONS ON 25 SEPTEMBER 2016
Slide 20: Eco Grandeur
ECO GRANDEUR PROJECT OVERVIEW 1,400-ACRE GATED COMMUNITY COMPRISING LANDED RESIDENTIAL HOMES & COMMERCIAL PRECINCTS. TARGETING 1ST TIME HOMEOWNERS & UPGRADERS LOOKING FOR LOWER DENSITY GATED GARDEN HOMES
Slide 21: Eco Ardence
ECO ARDENCE PROJECT OVERVIEW LUXURY LANDED GATED & GUARDED SIGNATURE ECOWORLD TOWNSHIP WITH EXCLUSIVE CLUBHOUSE FOR RESIDENTS AS WELL AS VIBRANT COMMERCIAL PRECINCTS
Slide 22: Eco Bloom @ Eco Meadows
ECO BLOOM @ ECO MEADOWS PROJECT OVERVIEW FIRST HIGH-RISE DEVELOPMENT WITHIN THE CORRIDOR WITH A VIBRANT RETAIL PODIUM SITUATED BELOW & AMPLE RECREATIONAL FACILITIES TO CATER TO RESIDENTS’ LIFESTYLE NEEDS
Slide 23: Eco Business Park II
ECO BUSINESS PARK II PROJECT OVERVIEW THE LARGEST FREEHOLD INDUSTRIAL HUB FOR SMES WITHIN THE FAST-GROWING FLAGSHIP E ZONE IN ISKANDAR MALAYSIA OFFERING UNIQUE INNOVATIVE FLEXI-SPACE CONCEPT & INTELLIGENT GREEN FEATURES
Slide 24: Managing Balance Sheet for Growth
MANAGING BALANCE SHEET FOR GROWTH
Slide 25: Balance Sheet
BALANCE SHEET AS AT 31 OCTOBER 2016 PERIOD ENDED RM’000 31 OCTOBER 2016 31 OCTOBER 2015 No. of Ordinary Shares 2,749,692 2,364,264 Share Capital 1,374,846 1,182,132 Shareholders’ Funds 3,786,702 3,156,875 NA per Share (RM) 1.38 1.34 Total Cash 573,467 517,176 Total Borrowings 2,861,903 1,700,345 Net
Slide 26: 5-Pronged Strategy
5-PRONGED STRATEGY NO STRATEGY STATUS JV development / strategic alliance to secure access to prime land bank & extend market reach; • BBCC (EW Bhd stake – 40%) & 1 • Eco Ardence (EW Bhd stake – 50%) • EWI IPO (EW Bhd stake – 27%, GuocoLand Limited stake – 27%) Partnership for growth model to invite
Slide 27: Bukit Bintang City Centre
BUKIT BINTANG CITY CENTRE PARTNERSHIP FOR GROWTH TO DE-RISK PROJECT & DRIVE VALUE CREATION SIGNING OF JVA ON 13 OCTOBER 2016 WITH MITSUI FUDOSAN ASIA TO FORM JVCO TO OWN & OPERATE RM1.6 BILLION RETAIL MALL AT THE HEART OF THE ENTIRE DEVELOPMENT
Slide 28: Eco Ardence
ECO ARDENCE PARTNERSHIP FOR GROWTH TO ENABLE US TO RETURN TO OUR ROOTS JOINT-VENTURE WITH CASCARA, A PRIVATE LANDOWNER TO DEVELOP ECO ARDENCE, A 534-ACRE LUXURY PROJECT RIGHT NEXT TO SETIA ALAM SIGNED ON 9 JUNE 2016
Slide 29: EcoWorld International
ECOWORLD INTERNATIONAL PARTNERSHIP FOR GROWTH TO COMBINE EXPERIENCE & FINANCIAL STRENGTH SIGNING CEREMONY ON 27 OCTOBER 2016 BETWEEN ECOWORLD BERHAD & GUOCOLAND LIMITED TO CO-ANCHOR ECOWORLD INTERNATIONAL’S IPO AS STRATEGIC INVESTORS HOLDING A 27% STAKE EACH
Slide 30: Eco Grandeur & Eco Business Park V
ECO GRANDEUR & ECO BUSINESS PARK V PARTNERSHIP FOR GROWTH TO OPEN UP SIZEABLE NEW CORRIDORS SIGNING CEREMONY ON 15 NOVEMBER 2016 BETWEEN ECOWORLD & EPF TO JOINTLY DEVELOP ECO GRANDEUR & ECO BUSINESS PARK V WITH ECOWORLD HOLDING 60% & EPF THE REMAINING 40%
Slide 31: Remaining Land Bank & GDV
REMAINING LAND BANK & GDV AS AT 31 OCTOBER 2016 LAND BANK (ACRES) CUMULATIVE SALES PROJECT ESTIMATED TOTAL GDV (RMbn) REMAINING GDV (RMbn) TOTAL UNDEVELOPED (FY2014 – FY2016) (RMbn) Saujana Glenmarie 25.9 - 0.090(1) 0.077 0.013 Eco Sky 9.6 - 0.974 0.702 0.272 Eco Majestic 1,073.1 486.0 11.145 2.075
Slide 32: Conclusion
CONCLUSION FY2016 significant year of growth with following key results achieved: o RM4 billion sales target met and 15 out of 18 projects launched as at 31 October 2016 o 4 strategic alliances forged pursuant to our partnership for growth model to de -gear balance sheet, drive value creation & ex
Slide 33: Thank You
THANK YOU ECOWorRLD CREATING TOMORROW & BEYOND
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