Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q4 2024 Earnings Presentation
17 slides from Malaysian Resources Corp. Bhd's earnings presentation, February 2025
Slide 1: Analyst Briefing: Fourth Quarter Ended 31 December 2024
ANALYST BRIEFING Fourth Quarter Ended 31 December 2024 www.mrcb.com Disclaimer This presentation may contain forward-looking statements, including estimates, assumptions, forecasts, or projections made by MRCB’s management after due inquiry. These are subject to various known & unknown risks & uncer
Slide 2: MRCB 4Q 2024 Overview
MRCB 4Q 2024 OVERVIEW YoY Financial Highlights MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others Development Construction RM 1,645 mil. RM 75 mil. (35)% y-o-y (44)% y-o-y Revenue RM mil. 287 1,283 76 Profit After Tax Net Gearing RM 64 mil. 0.27x Revenue Contribution 17% 7
Slide 3: Financial Highlights – 12M 2024 vs 12M 2023
Financial Highlights – 12M 2024 vs 12M 2023 Financial Performance Highlights • Revenue and PBT are down 35% and 44% in 2024 Revenue (35)% YoY Operating Profit (26)% YoY vs 2023 due to lower contributions from PDI RM1,645 mil. RM173 mil. division • PDI’s revenue down 61% in 2024 vs 2023 - due to majo
Slide 4: Segmental Reporting: Property Development & Investment
Segmental Reporting: Property Development & Investment 12M 2024 Key Highlights Performance Discussion Contributed 17% of Group revenue. RM836.0 mil. RM631.3 mil. Property Sales Property Unbilled Sales Revenue came from sales of completed unsold units in Sentral Suites, VIVO 9 Seputeh, TRIA 9 Seputeh
Slide 5: Property Development & Investment: Sales Achieved
Segmental Reporting: Property Development & Investment Sales Achieved Total GDV % Sales GDV Breakdown of Units Sold as % Units Available YTD 2024 Project (RM’mil) Achieved to date* Sales YTD** (RM’mil) For Sale: RM836.0 mil. Completed Projects Sentral Suites – Residential 1,535 96% 101.0 VISTA Sentr
Slide 6: What We Have To Sell: Unbilled Sales and Unsold Units
Segmental Reporting: Property Development & Investment What We Have To Sell: RM1.6 bil. Unbilled Sales Construction Revenue Unbilled 1 Completed Unsold Units in Malaysia RM397.3 mil. From Ongoing Project Progress Recognised* Sales (RM’mil) (RM’mil) Breakdown by GDV (RM’ million) Projects 126.2 Alsto
Slide 7: Property Projects in the Pipeline: 2025 Launches
Segmental Reporting: Property Development & Investment Property Projects in the Pipeline: RM 5.8 bil. GDV 2025 Launches : RM3.9 bil. GDV 2023 Launches Target Launch GDV Units VISTA, Surfer’s Paradise, Gold Coast April 2023 ~RM1,511 mil (AUD504 mil) 280 Kwasa Sentral Plot F (Residensi Tujuh) Septembe
Slide 8: Segmental Reporting: Engineering, Construction & Environment
Segmental Reporting: Engineering, Construction & Environment 12M 2024 Key Highlights Performance Discussion RM25.8 RM26.1 bil. RM14.7 bil. Contributed 78% of Group Revenue. External External Construction Construction Construction Unbilled Order Book11 Order Order Book2 Lower revenue and higher profi
Slide 9: Projects Awarded, Under Negotiation and Tender Book
Segmental Reporting: Engineering, Construction & Environment Projects Awarded in 2024 | RM250 million Project Name Contract Value Project Timeline • Sungai Langat, Phase 2 – Flood mitigation project RM250 mil. Start : Jan 2024 Target completion: 6 years Projects Awarded YTD 2025 | RM2.5 billion Proj
Slide 10: Construction Order Book as at 31 December 2024
Segmental Reporting: Engineering, Construction & Environment Construction Order Book as at 31 December 2024 Fee-based RM26.1 bil.1 5% Unbilled Order Book as at 31 December 2024 Buildings Infra Buildings RM14.7 bil.1 TOD 44% 1% Environment External Contracts (RM Million) Contract Value Progress 2 Inf
Slide 11: MRCB Key ESG Updates
MRCB Key ESG Updates Climate Change & the Environment Good Corporate Governance Target: Net Zero Carbon (Scope 1, 2 and 3) by 2050 Target: Best-In-Class Practices & Disclosures MRCB’s Anti-Bribery Management System, 36% reduction in Scope 1 and Scope 2 carbon Commitment to ISO 37001:2016 certificati
Slide 12: Thank You
THANK YOU Quarter Ended 31 December 2024 www.mrcb.com 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 2859 7070 Fax: 603 2780 7988 www.mrcb.com MRCBGroup mrcb.
Slide 13: Profit & Loss
Financial Performance Profit & Loss Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2024 FY2023 FY2024 FY2023 Growth % Growth % Revenue 371 692 (46.4)% 1,645 2,537 (35.2)% Other Operating Income 18 163 (88.8)% 60 194 (68.9)% Operating Expenses (360) (754) (52.3)% (1,533) (2,497) (38.6)% Operating Profit 29 100
Slide 14: Quarterly Analysis
Financial Performance Quarterly Analysis Revenue Operating Profit and Margin 692 100 72 476 426 14.5% 372 371 41 19.4% 32 29 8.5% 7.4% 7.8% Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 PBT and Margin EPS (sen) 80 48 1.80 11.5% 13.0% 1.15 19 5 2 0.5% 1.5% 4.0% 0.20 0.07 0.01 Q4'23 Q1'2
Slide 15: Balance Sheet Debt Profile
Financial Position Balance Sheet Debt Profile NAV Per Share* (sen) Total Assets Total Debt 103.3 RM9,275 mil. RM2,260 mil. 103.1 103.3 FY2023 RM8,845 mil. FY2023 RM1,802 102.9 102.8 Total Liabilities Deposits, Cash & Bank RM4,655 mil. Balances Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 FY2023 RM4,245 mil. RM999
Slide 16: Segmental Revenue and Profit Split
Segmental Reporting Overview Segmental Revenue Split – RM1,645 million Revenue Contribution Analysis 5% 2,537 E&C 12M 2023 1,645 1,734 17% 12M 2024 Property 1,283 Development 738 287 Others* 66 76 78% Total E&C Property Others* Development Segmental Profit Split – RM184 million 225 184 166 12M 2023
Slide 17: Land Bank
Land Bank Developed Ongoing GDV Yet to be Land Size GDV % Stake GDV Development Developed Acres RM' mil RM’mil GDV RM’mil RM’mil Transport Oriented Developments KL Sentral (Lot F & Lot R)* 6.08 4,154 100% 0 0 4,154 PJ Sentral Garden City 11.91 3,291 100% 1,069 0 2,222 Penang Sentral 22.65 2,689 100%
Malaysian Resources Corporation Berhad — Q4 2024 Earnings Presentation on 6ix