Megawide Construction Corporation · PSE:MWIDE
Megawide Construction — FY2023 Earnings Presentation
19 slides from Megawide Construction's earnings presentation, 2024
Slide 1: Megawide Construction Corp. FY2023 Financial and Operating Results
Megawide Construction Corp. FY2023 Financial and Operating Results
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: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 4: FY2023 Financial Highlights
FY2023 FINANCIAL HIGHLIGHTS In PhP M FY2023 FY2022 % change Revenues 18,638.15 14,841.65 26% Construction Operations 18,141.51 14,583.32 24% Landport Operations 347.75 258.33 35% Real Estate Operations 148.89 - 100% Direct Costs 16,458.10 12,921.89 27% 26% Construction Operations Landport Operations
Slide 5: Margin Performance
MARGIN PERFORMANCE FY2023 FY2022 Gross Profit Margin Construction 12% 14% Terminal Operations -4% -41% Real Estate Operations 52% - EBITDA Margin Construction 14% - Terminal Operations 54% 28% Real Estate Operations -31% - Net Income Margin Construction 3% -11% Terminal Operations -59% -94% Real Est
Slide 6: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS ASSETS FY2023 FY2022 Cash 4,878.89 15,758.20 Trade receivables 19,155.92 18,361.00 Construction materials 2,279.34 2,126.17 Real estate inventories 3,872.92 - Contract assets 5,640.19 5,106.31 Other current assets 11,413.43 9,563.29 Noncurrent asset held for sale 2,879.77 2,
Slide 7: Construction Operations
Construction Operations
Slide 8: Increasing Revenue Trajectory
INCREASING REVENUE TRAJECTORY QUARTERLY PERFORMANCE (PhP M) 6,702 26% 4,265 4,267 4,213 3,792 FY2023 YoY revenue growth 3,247 3,280 2,959 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 8
Slide 9: Healthy Order Book
HEALTHY ORDER BOOK ORDER BOOK MIX FY 2023 Infrastructure 13% Office & P43.1B Commercial , 59% Order book (3-4 years burn) Residential , 21 28% Existing projects 58% % COMPLETION 80-100%, 0% 0-20% completion (for future revenue recognition) 20-80%, 42% 0-20%, 58% 9
Slide 10: Landport Operations
Landport Operations
Slide 11: Revenue Performance
REVENUE PERFORMANCE 2023 BREAKDOWN (in Php M) Office Commercial Terminal Total 436.88 Rental 193.82 243.06 PFRS 16 (184.61) 0.25 (184.36) Contract revenue 95.23 95.23 TOTAL 9.21 243.31 95.23 347.75 11
Slide 12: Increasing Traffic and Passenger Spend
INCREASING TRAFFIC AND PASSENGER SPEND AVERAGE DAILY FOOT TRAFFIC (‘000) 117 116 113 111 110 107 107 102 117K 97 99 Average daily foot traffic 90 90 14 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 New routes developed AVERAGE SPEND PER PAX (Php) 40 37 37 P39.8 35 Average passenger spend 28 12 Jan-23 Ma
Slide 13: Retail Occupancy Healthy
RETAIL OCCUPANCY HEALTHY FY2023 TENANT MIX FY2023 COMMERCIAL OCCUPANCY 84% 84% 84% 82% 81% 82% 83% 81% 75% 78% 75% 75% Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Food Non-food Services
Slide 14: Increasing Non-POGO Exposure
INCREASING NON-POGO EXPOSURE FY2023 OFFICE OCCUPANCY TENANT MIX* 65% 65% 65% 58% 60% 44% 48% 39% 33% 34% 18% Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 POGO Non-POGO 14
Slide 15: Opening in 2024: Asia World Expo Station
OPENING IN 2024: ASIA WORLD EXPO STATION LRT 1 STATION – Asia World Station
Slide 16: Real Estate Operations
Real Estate Operations
Slide 17: Revenue Performance
REVENUE PERFORMANCE YTD REVENUE (PHP MN) REVENUE BY PROJECTS 600 The Hive My Enso Lofts PHP87 MN 2023: PHP154 MN PHP125 MN 242 2022 2023 17
Slide 18: Reservation Sales
RESERVATION SALES # of UNITS VALUE (PHP MN) 665 3,399 562 3,171 2022 2023 2022 2023 18
Slide 19: Thank you
I MEGAWIDE Thank you Contact us Follow us investorrelations@megawice.com.ph _fb.com/MegawideConstructionCorp www.megawice.com.ph twittercom/MegawideBuilds, ASIA’S BEST COMPANIES west ceo Edgar egawide Construction Corporation Engineering A First-World Philippines BEST MANAGED COMPANY Mogawide Constr