Ewi Capital Bhd · MYX:EWICAP
Ewi Capital Bhd — EcoWorld International Berhad — Q4 FY2022 Earnings Presentation
8 slides from Ewi Capital Bhd's earnings presentation, 2022
Slide 1: EcoWorld International Q4 FY2022 Corporate Presentation
ECOWORLD INTERNATIONAL Q4 FY2022 CORPORATE PRESENTATION
Slide 2: Sales Performance
SALES PERFORMANCE RM2,158m • RM2,158 million sales (RM2,457 million including reservations) achieved for FY2022, 57% higher than FY2021. • Broad recovery in demand across EW-Ballymore, EW London and Australia RM1,377m RM1,289m RM706m RM162m RM794m RM483m RM100m FY2021 FY2022 FY2021 FY2022 FY2021 FY2
Slide 3: Profit & Loss
PROFIT & LOSS • Operational losses in FY2022 despite better sales due to prolongation of development programmes and higher construction costs arising from Covid RM16m pandemic & weak sterling, and increased holding costs for unsold units. • Recognised impairment of RM92m as a result of increase in d
Slide 4: Balance Sheet
BALANCE SHEET • Turned into net cash position earlier than anticipated. RM173m Achieved net cash of RM173m as at 31 Oct 2022 • Sufficient funds have been set aside to fully repay MTN of RM460m by mid-FY2023 Oct-2021 Oct-2022 RM655m RM901m RM483m RM336m (RM564m) Oct-2021 Oct-2022 Oct-2021 Oct-2022 Ne
Slide 5: Monetising Completed Stocks
MONETISING COMPLETED STOCKS £274 Cumulative Sales • Sales target of RM1.4 billion for FY2023 - no new launches, most of the remaining units are completed Remaining • Project development loans of EW-Ballymore & Australia fully paid down. Future sales to generate significant net cashflows for EWI £1,8
Slide 6: Conclusion
CONCLUSION • FY2022 sales of RM2.16 billion exceeded target of RM2 billion. • Losses reported due to higher operating costs and impairments • Sales target of RM1.4 billion for FY2023 & target to generate RM900 million surplus cash in FY2023 after setting aside funds for EWL and MTN repayment • Targe
Slide 7: Thank You
THANK YOU INTERNATIONAL
Slide 8: Sales Breakdown – 31 Oct 2022
SALES BREAKDOWN – 31 OCT 2022 CUMULATIVE SALES EFFECTIVE FUTURE PROJECT OWNERSHIP GDV (MILLION) SALES VALUE (MILLION) (MILLION) REVENUE FY2015-2021 FY2022 United Kingdom London City Island 75% £688 £656 £596 £60 £3 Embassy Gardens 75% £905 £732 £594 £137 £27 Wardian London 75% £569 £500 £461 £39 £5
EcoWorld International Berhad — Q4 FY2022 Earnings Presentation on 6ix