Slide 1: Megawide Construction Corp. FY2024 Financial and Operating Results
Megawide Construction Corp. FY2024 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: FY2024 Financial Highlights
FY2024 FINANCIAL HIGHLIGHTS In PhP M FY2024 FY2023 % change Revenues 22,144.05 18,638.15 19% Construction Operations 21,018.61 18,141.51 16% Landport Operations 355.25 347.75 2% Real Estate Operations 770.19 148.89 417% Direct Costs 18,928.34 16,458.10 15% 19% Construction Operations 18,235.31 16,02
Slide 5: Margin Performance
MARGIN PERFORMANCE FY2024 FY2023 Gross Profit Margin 15% 12% Construction 15% Gross Margin Terminal Operations 13% 12% 12% -4% vs 12% FY2023 Real Estate Operations 51% 52 EBITDA Margin 21% 15% 2% Net Margin Construction 22% 15% vs 1%FY2023 Terminal Operations 46% 26% Real Estate Operations -10% -35%
Slide 6: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS ASSETS FY2024 FY2023 Cash 5,780.84 4,878.89 Trade receivables 22,019.92 19,155.92 Construction materials 1,044.45 2,279.34 Real estate inventories 4,662.29 3,872.92 Contract assets 3,343.17 5,640.19 Other current assets 10,664.13 11,413.43 Noncurrent asset held for sale - 2,
Slide 7: Construction Operations
Construction Operations
Slide 8: Increasing Revenue Trajectory
INCREASING REVENUE TRAJECTORY QUARTERLY PERFORMANCE (PhP M) 6,702 5,950 19% 4,948 4,623 4,265 4,267 4,213 FY2024 YoY revenue growth 3,792 3,653 3,247 3,280 2,959 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 8
Slide 9: Healthy Order Book
HEALTHY ORDER BOOK ORDER BOOK MIX FY 2024 Office & Commercial , 45% Infrastructure P43.5B 25% Order book (3-4 years burn) 21 Residential , Existing projects 31% 68% % COMPLETION 80-100%, 0% 0-20% completion (for future revenue recognition) 20-80%, 32% 0-20%, 68% 9
Slide 10: PCS Growing Revenue Share
PCS GROWING REVENUE SHARE FY 2024 FY 2023 FY 2024 FY 2023 3,208 , 18% 1,540 , 9% 2,014, 1,540, 39% 38% 2,537, 3,208, 62% 61% 14,714 , 82% 15,043 , 91% EPC PCS EPC PCS External Internal External Internal 10
Slide 11: Landport Operations
Landport Operations
Slide 12: Steady Revenue Generation
2% FY2024 revenue growth STEADY REVENUE GENERATION 53 26 52 0 64 33 23 0 -90 71 45 0 Towers -221 55 61 87 -19 38 52 19 -16 54 43 20 Commercial -17 67 78 20 Terminal -132 34 70 37 REVENUE PERFORMANCE -9 31 63 22 PFRS -19 42 63 12 37 -2 83 32 -104 98 71 0 12
Slide 13: Increasing Traffic and Passenger Spending
INCREASING TRAFFIC AND PASSENGER SPENDING AVERAGE DAILY FOOT TRAFFIC (‘000) 174 156 159 149 152 147 139 133 124 119 120 174K 117 Daily foot traffic vs 97K Q1 2023 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 AVERAGE SPEND PER PAX (Php) P39 Average passenger spe
Slide 14: Commercial Holding Steady
COMMERCIAL HOLDING STEADY YE 2024 COMMERCIAL OCCUPANCY 98% 95% 96% 92% 84% 81% 98% 77% 79% Commercial area occupancy from 84% FY2023 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 FY2024 TENANT MIX 65-21-14% Others F&B – Retail – Services share 14% Retail 21% F&B 65% 14
Slide 15: New Retail Tenants
PIT X PARANAQUE INTEGRATED TERMINAL EXCHANGE HS & cart © SJILLARICA > CHEMWORLD Fragrance Factory) §=fiUnhanmart NEW RETAIL TENANTS Engineering A First-World Philippine fi MEGAWIDE
Slide 16: Office Occupancy Recovering
OFFICE OCCUPANCY RECOVERING YE 2024 OFFICE OCCUPANCY 60% 41% 45% 46% 26% 28% 31% 60% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Office towers occupancy (from 18% in end of 2023) FY 2024 TENANT MIX POGO 0% Non-POGO 100%
Slide 17: New Office Tenant Sign Ups
NEW OFFICE TENANT SIGN UPS PITX sT© @ =TOL AAP [ywinepox °. S5- ‘| TL AS a AVIATION YINSHAN reeOnt 7 fi MEGAWIDE
Slide 18: Real Estate Operations
Real Estate Operations
Slide 19: Revenue Performance
REVENUE PERFORMANCE YTD REVENUE (PHP MN) REVENUE BY PROJECTS 677 OLP, PHP32 MN, 4% The Hive, - PHP29 MN, - 4% SJDM, PHP263 12M 2024: MN, 36% PHP677 MN 217 My Enso Lofts, PHP404 MN, 55% Modan Lofts, 2023 2024 PHP6 MN, 1% 19
Slide 20: Reservation Sales
RESERVATION SALES VALUE (PHP MN) UNITS 730 3,003 550 2,360 FY2024 FY2023 FY2024 FY2023
Slide 21: Thank you
I MEGAWIDE Thank you Contact us investorrelations@megawice.com.oh www.megawice.com.ph ASIA’S BEST COMPANIES Follow us fb.com/MegawideConstructionCorp FinanceAsia 2023 BEST CEO Edgar Saavedra, Megawide Construction Corporation Engineering A First-World Philippines FinanceAsia 2023 BEST MANAGED COMPAN