Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — EcoWorld Malaysia — Investor Presentation (September 2024)
16 slides from Eco World Development Group Bhd's investor presentation, September 2024
Slide 1: EcoWorld Malaysia Corporate Presentation – 3Q FY2024
ECOWORLD MALAYSIA CORPORATE PRESENTATION – 3Q FY2024 SEP 2024
Slide 2: Sales Update
SALES UPDATE AUG 2024 - 10 MONTHS
Slide 3: FY2024 Sales Target Exceeded
FY2024 SALES TARGET EXCEEDED 10 MONTH SALES AS AT 31 AUG 2024 SALES BREAKDOWN (RM’MIL) 4 3 3 mths mths mths 1,319 RM3.503 B 1,259 925 FY2024 Sales Target Exceeded Nov 23 - Feb 24 Mar - May 24 Jun - Aug 24
Slide 4: Sales by Region
SALES BY REGION HIGHEST CONTRIBUTION BY ECO SOUTH RM 360 m Eco South recorded RM2.2 billion – 63% of the 10% Group’s YTD sales & 139% of FY2023 sales from RM 931 m Iskandar Malaysia 27% 5 matured + 1 upcoming townships & 4 industrial parks, including QUANTUM Edge, to sustain strong Sales By growth g
Slide 5: Sales by Revenue Pillar
SALES BY REVENUE PILLAR ECO TOWNSHIPS THE LARGEST CONTRIBUTOR Residential: RM2.00 B | 57% of YTD Sales RM 626 m Eco Townships contributed RM1.09 billion with 83% sales from upgrader 18% homes priced above RM650,000 RM 1,091 m Eco Rise is the fastest growing revenue pillar. Sales of RM909 million a 3
Slide 6: New Revenue Pillar
NEW REVENUE PILLAR Launched on 1 Aug 2024 Total RM626 million sales to date Anchored by 2 hyperscale data centre campuses Purchaser Microsoft Princeton Digital Group Land Size (Acres) 123.141 57.081 Purchase Consideration 402.3 223.8 (RM’mil) Price psf (RM) 75 90 Conditional SPA Date 7 Jun 2024 16 A
Slide 7: 5 Substantial Revenue Pillars Across All Market Segments
5 SUBSTANTIAL REVENUE PILLARS ACROSS ALL MARKET SEGMENTS ECO TOWNSHIPS ECO RISE ECO HUBS ECO BIZ PARKS QUANTUM RESIDENTIAL COMMERCIAL INDUSTRIAL
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS 3Q FY2024
Slide 9: 3Q FY2024 Financials
FINANCIAL UPDATES 3Q FY2024 FINANCIALS Revenue Gross Profit 10% 27% 600 RM 477 mil RM 526 mil 180 160 RM 165 mil Malaysia JVs RM19 mil RM 130 mil 500 140 Decreased due to lower contribution from phases 400 120 near completion. Partially mitigated by initial profit 100 recognition from recently launc
Slide 10: 3Q FY2024 Financials: Profit After Tax
FINANCIAL UPDATES 3Q FY2024 FINANCIALS 21% 18% 90 RM 80 mil 250 RM 220 mil 80 RM 66 mil RM 186 mil 70 200 60 150 50 40 100 30 20 50 10 - - 3Q FY23 3Q FY24 YTD FY23 YTD FY24 PAT increased by 21.3% YTD Profit After Tax
Slide 11: Future Revenue as at Aug 2024
FUTURE REVENUE AS AT 31 AUG 2024 Future revenue from locked-in sales RM4.49 billion (RM4.03 billion as at 31 May 2024) This provides: 1) Clear near & mid-term earnings visibility 2) Strong cash-flow certainty
Slide 12: Strong Balance Sheet
STRONG BALANCE SHEET TOTAL BORROWINGS & CASH BALANCES Total Borrowings Total Cash & Bank Balances (RM’mil) (RM’mil) 3,317 2,880 2,805 1,549 1,440 2,541 2,505 2,622 2,584 1,336 1,357 1,170 785 456 FY20 FY21 FY22 FY23 Jan 24 Apr 24 Jul 24 FY20 FY21 FY22 FY23 Jan 24 Apr 24 Jul 224 Balance sheet continu
Slide 13: Strong Balance Sheet + Healthy Cashflow
STRONG BALANCE SHEET + HEALTHY CASHFLOW LOW GEARING Net Cashflow from Operating Activities Net Gearing (RM’Mil) (times) 3x YTD PAT of RM220 million 0.62 55% higher 658 0.44 424 0.31 0.28 0.25 0.24 0.21 Jul 23 Jul 24 FY20 FY21 FY22 FY23 Jan 24 Apr 24 Jul 24 • Strong cash flow generated from operating
Slide 14: Commitment to Dividend Payment
COMMITMENT TO DIVIDEND PAYMENT FY2024 SECOND INTERIM DIVIDEND 2 sen 2nd interim dividend 1Q 2Q 2020 - - Dividend Per Share 2021 - 2.00 2022 - 2.00 2023 - 2.00 2024 - 2.00 declared 3Q - - 1.00 2.00 2.00 Committed to continue 4Q 2.00 2.00 2.00 2.00 sustaining good dividends Total 2.00 4.00 5.00 6.00 t
Slide 15: Landbanking & Future Development
LANDBANKING & FUTURE DEVELOPMENT REMAINING LANDBANK AS AT 31 AUG 2024 Eco North 191 acres FY2023 FY2024 6% + 411 ACRES + 240 ACRES Eco South 3,094 acres 1,237 acres Remaining 40% Eco Central Landbank 1,666 acres 54% Actively working on several potential land acquisitions to increase market share
Slide 16: Thank You
THANK YOU ECOWORID
EcoWorld Malaysia — Investor Presentation (September 2024) on 6ix