Wct Holdings Bhd. · MYX:WCT
Wct Holdings Bhd — Q4 2021 Earnings Presentation
30 slides from Wct Holdings Bhd's earnings presentation, Feb 24, 2022
Slide 1: WCT Holdings Berhad Investor Briefing 4th Quarter 2021
WCT Holdings Berhad INVESTOR BRIEFING – 4th Quarter 2021 Updated: 24/02/2022 Strictly Private & Confidential
Slide 2: Key Shareholding as at February 2022
Key Shareholding as at 15 February 2022 25.6% 11.1% 1.3% 7.0% 55.0% Tan Sri Lim Amanah Foreign Directors Others Siew Choon Saham Shareholders Strictly Private & Confidential Page 1
Slide 3: Financial Highlights
Financial Highlights Strictly Private & Confidential
Slide 4: Segmental Results Q4 2021 (3 months)
Segmental Results Q4 2021 (3 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue 338.1 47.8 35.1 421.0 Profit/(Loss) from operations 231.2 (23.5) 9.7 217.4 Share of results of associates 1.6 Share of results of joint ventures (0.3) (3.4) (9.5) (13.2) Finance costs (57.5) Taxation (9
Slide 5: Segmental Results YTD 4Q 2021 (12 months)
Segmental Results YTD 4Q 2021 (12 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue 1,283.1 317.3 152.2 1,752.6 Profit from operations 330.2 61.8 66.5 458.5 Share of results of associates 4.3 Share of results of joint ventures 1.3 (7.9) (32.1) (38.7) Finance costs (146.3) Taxation
Slide 6: Debt to Equity (DE) Ratio
Debt to Equity (DE) Ratio As at As at 31 DEC 2021 31 Dec 2020 RM’mil RM’mil Total bank borrowings 2,838 2,957 Cash & bank balances & fixed deposits (284) (526) Net borrowings 2,554 2,431 Shareholders equity (including Perpetual 3,757 3,681 Sukuk & non-controlling interest) Gross DE ratio 0.76 0.80 N
Slide 7: Engineering & Construction
Engineering & Construction Strictly Private & Confidential
Slide 8: Outstanding Order Book as at December 2021
Outstanding Order Book as at 31 December 2021 Expected Outstanding Completion RM’mil TRX, Kuala Lumpur (infra & roadway works) 2022 77 Pan Borneo Highway (66km highway from Sungai Arip Bridge to Bintulu Airport Junction) 2023 483 West Coast Expressway (Shah Alam Expressway Interchange to NKVE/FHR2 I
Slide 9: List of Tenders Submitted/Pending Submission
List of Tenders Submitted/Pending Submission (as at 21 February 2022) RM’ mil Local - Civil & Infrastructure > 5,000 Local – Building Works > 4,000 Total > 9,000 Strictly Private & Confidential Page 8
Slide 10: Property Development
Property Development Strictly Private & Confidential
Slide 11: Property Development - Snapshot
Property Development - Snapshot Q1 : RM177 mil* Q2 : RM 56 mil 2021 Revenue Q3 : RM 37 mil Q4 : RM 47 mil YTD : RM317 mil Q1 : RM68 mil* Q2 : RM 4 mil 2021 Profit Before Tax Q3 : (RM17 mil) Q4 : (RM37 mil) YTD : RM18 mil Q1 : RM100 mil Q2 : RM262 mil 2021 Property Sales Q3 : RM 24 mil (as at 31 Dec
Slide 12: Property Development – 2021 Cumulative Sales & Take-up Performance
Property Development – 2021 Cumulative Sales & Take-up Performance TARGET SALES TAKE-UP (SPA Signed) (SPA Signed + Bookings) RM600 mil 553 mil 525 mil RM500 mil 480 mil 415 mil 423 mil RM400 mil 386 mil 362 mil 325 mil 295 mil RM300 mil 215 mil RM200 mil 95 mil 100 mil RM100 mil RM0 mil 1Q21 2Q21 3Q
Slide 13: Property Development – Q-O-Q Cumulative Sales Performance
Property Development – Q-O-Q Cumulative Sales Performance RM600 mil 2020 2021 (based on SPA Signed) 525 mil RM500 mil + 50% RM400 mil 386 mil 362 mil 350 mil RM300 mil 242 mil RM200 mil 149 mil 123 mil 100 mil RM100 mil RM0 mil 1Q Q1 2Q Q2 3Q Q3 4Q Q4 Strictly Private & Confidential Page 12
Slide 14: Property Development – Clearing of Inventories
Property Development – Clearing of Inventories RM800 mil 743 mil RM600 mil 640 mil -273mil -37% 514 mil 506 mil 470 mil RM400 mil RM200 mil RM0 mil Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Strictly Private & Confidential Page 13
Slide 15: Completed Inventories
Completed Inventories (as at 31 December 2021) TYPE LOCATION BAL UNIT(S) BAL NDV (RM’ mil) 1 Offices Klang 19 52 2 Affordable Apartments (RSKu) Klang 24 5 3 Service Apartments Klang 3 2 4 Service Apartments Shah Alam 77 43 5 Service Apartments Kelana Jaya 80 78 6 Condominiums OUG 43 47 7 Service Apa
Slide 16: Sales & Marketing Strategies
Sales & Marketing Strategies Strategies 1. Promote contactless online sales pitching & booking via Virtual Sales Gallery. 2. Focused REA based on location & projects to target correct market segment to clear inventory. 3. Amplify advertisement on Digital Platforms/Social Media for brand presence/awa
Slide 17: On-going Property Projects
On-going Property Projects Paradigm Residence, Johor Bahru Description 263 units of Service Apartment Estimated GDV RM184 million Launch Date September 2019 Sales Take-up 72% Exp. Completion Q3 2022 TC Maple Residences, W City OUG @ KL TB Description 940 units of Condominium TA Estimated GDV RM940 m
Slide 18: Future Property Projects
Future Property Projects FUTURE LAUNCHES (FY22) PROJECT Hilltop 2 Adenia W City OUG W City JGCC W City JGCC TOTAL (Condo) (Affordable) (K1-6 - Resi) (Plot 1 - Resi) (Plot 1 - Comm) UNITS 341 181 1,060 2,048 68 3,698 ESTIMATED RM798 mil RM68 mil RM927 mil RM899 mil RM119 mil RM2.81bil GDV Strictly Pr
Slide 19: Land Bank
Land Bank (future development and for sale as at 31 December 2021) LOCATION DEVELOPMENT TYPE LAND AREA (ac.) 1 W City OUG @ KL Mixed 61 2 W City JGCC @ JB Mixed 10 3 Mont Kiara, KL Residential 3 4 Bukit Tinggi 1,2 & 3, Klang Mixed 79 5 Medini Iskandar, Johor Mixed 39 6 Sungai Buaya, Selangor * Integ
Slide 20: Property Investment & Management
Property Investment & Management Strictly Private & Confidential
Slide 21: Retail Malls
Retail Malls Bandar Bukit Tinggi, Paradigm Mall, Petaling Jaya gateway@klia2, Sepang Paradigm Mall, Johor Bahru Subang Skypark Klang Occupancy rate 100% 97% 82% 86% 79% Opening Year 2007 2012 2014 2017 Acquired Apr18 WCT Ownership 100.0% 70.0% 70.0% 100.0% 60.0% Retail Lettable 1,000,950 sq ft 672,0
Slide 22: Retail Malls - Business and Marketing Strategies
Retail Malls - Business and Marketing Strategies 1) Enhanced WCT Buddy mobile 2) Continuous effort to drive 3) To provide our patrons with a pleasant apps offers seamless experiences tenant sales via sales carnival and and hygienic shopping environment with across WCT businesses. activities. the lat
Slide 23: Retail Malls - Business and Marketing Strategies
Retail Malls - Business and Marketing Strategies 4) Value added service to tenants by offering 5) Creative leasing packages. marketing insights, fit-out design guidance & merchandise mix. 6) To maintain strong landlord & tenant relationship. 7) Collaboration with RHB Bank to introduce Strictly Priva
Slide 24: Retail Malls - Business and Marketing Strategies
Retail Malls - Business and Marketing Strategies 8) To progressively introduce unique F&B in our malls. 9) To introduce new experiences to our malls eg. Escape, Baby Shark & VR. Strictly Private & Confidential Page 23
Slide 25: Retail Malls - Business and Marketing Strategies
Retail Malls - Business and Marketing Strategies - Voucher Bonanza Sales 6.0 collaboration with strategic partners like e-wallet such as GrabPay and banks such as CIMB Bank, RHB Bank, HSBC Bank and etc. - Co-fund discount with all these partners to promote the WCT Malls E-Vouchers and drive membersh
Slide 26: Retail Malls - Business and Marketing Strategies
Retail Malls - Business and Marketing Strategies - Continuous effort to uplift shopping experience via asset enhancement initiatives (AEI) at gateway@klia2 – Padini Lot to F&B kiosk. Strictly Private & Confidential Page 25
Slide 27: Retail Malls - Business and Marketing Strategies
Retail Malls - Business and Marketing Strategies - Continuous effort to improve shopping journey via asset enhancement initiatives (AEI) at Paradigm Mall Petaling Jaya – tenant’s lightbox signage surrounding the mall. Strictly Private & Confidential Page 26
Slide 28: Retail Malls Age Group Distribution
Retail Malls As at 9 Feb 2022 Age Group Distribution 40% 27,483 36% 35% 30% 30% 25% 23% Portfolio Member Base 20% 15% 10% 6% 5% 1% 2% 1% 1% 6,282 0% New Members 63.0% 37.0% Strictly Private & Confidential Page 27
Slide 29: Q&A
Q&A Strictly Private & Confidential
Slide 30: Thank You
Thank You Strictly Private & Confidential