Calgro M3 Holdings Limited · JSE:CGR
Calgro M3 — H1 2024 Earnings Presentation
21 slides from Calgro M3's earnings presentation, Aug 31, 2024
Slide 1: Unaudited condensed consolidated interim results for the six months ended 31 August 2024
Unaudited condensed consolidated interim results for the six months ended 31 August 2024
Slide 2: Overview and Financial highlights
Overview Residential Property Development Memorial Parks The Residential Property Development business remains the largest contributor to revenue and profit, Calgro M3 Memorial Parks is an alternative to traditional cemeteries, which introduces an alternative operating in Gauteng and the Western Cap
Slide 3: Commentary
Commentary Positioning to support “Building legacies, Changing lives” Operational performance In an economic environment that remains challenging due to consumers under pressure and a Residential Property Development segment consistently high interest environment, Calgro M3 is proud to present anoth
Slide 4: Commentary (continued)
Commentary (continued) The acquisition of additional land in Fleurhof, which will add approximately 2 500 new units to our Financial overview pipeline, reinforces our long-term strategy of focusing on a select number of key projects. These are Key financial metrics areas where significant long-term
Slide 5: Commentary (continued)
Commentary (continued) We continued to make meaningful investments in infrastructure, with construction contract values Where to from here increasing by 8.80% to R1.47 billion (February 2024: R1.35 billion), primarily due to the accelerated pace As we move into the second half of 2024, Calgro M3 is
Slide 6: Condensed Consolidated Statement of Financial Position and Comprehensive Income
Unaudited Condensed Consolidated Unaudited Condensed Consolidated Statement of Financial Position Statement of Comprehensive Income for the six months ended 31 August 2024 for the six months ended 31 August 2024 Unaudited Audited Unaudited Unaudited Unaudited Audited August February August August Au
Slide 7: Condensed Consolidated Statement of Changes in Equity
Unaudited Condensed Consolidated Statement of Changes in Equity for the six months ended 31 August 2024 Share-based Non- Stated payment Retained controlling Total R’000 capital reserve income Total interests equity Balance at 1 March 2023 102 081 10 455 1 040 813 1 153 349 689 1 154 038 Shares repur
Slide 8: Condensed Consolidated Statement of Cash Flows and Segment Report
Unaudited Condensed Consolidated Unaudited Condensed Segment Statement of Cash Flows Report for the Group for the six months ended 31 August 2024 The Chief Operating Decision Makers (“CODM”) manage the Group activities in two distinct segments, Unaudited Unaudited Audited namely: August August Febru
Slide 9: Condensed Segment Report for the Group (continued)
Unaudited Condensed Segment Report for the Group (continued) Residential Residential Property Memorial Holdings Property Memorial Holdings R’000 Development Parks and other Total R’000 Development Parks and other Total August 2024 August 2024 Total segment revenue 475 286 31 723 – 507 009 Assets Fle
Slide 10: Condensed Segment Report for the Group (continued)
Unaudited Condensed Segment Report for the Group (continued) Residential Residential Property Memorial Holdings Property Memorial Holdings R’000 Development Parks and other Total R’000 Development Parks and other Total August 2023 February 2024 Total segment revenue 668 959 19 945 – 688 904 Assets F
Slide 11: Notes to the Condensed Consolidated Financial Statements
Notes to the Condensed Consolidated Annual Financial Statements 1. Basis of preparation 3. Earnings reconciliation 1.1 Statement of compliance The condensed consolidated interim financial statements have been prepared in accordance Unaudited Unaudited Audited with International Financial Reporting S
Slide 12: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 4. Construction contracts 6. Financial instruments Disaggregated construction contracts – Pre expected credit loss provisions The Group has three types of financial and contract assets that are subject to the expected credit
Slide 13: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 6. Financial instruments (continued) The concentration of gross carrying amount of financial assets relevant to the applicable ECL rates are Financial assets that exhibit similar credit risk and behaviour are grouped togethe
Slide 14: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 6. Financial instruments (continued) The concentration of gross carrying amount of financial assets relevant to the applicable ECL rates are Reconciliation of expected credit losses on financial assets at amortised cost – Au
Slide 15: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 6. Financial instruments (continued) Total finance cost incurred for the period amounted to R68.1 million (August 2023: R60.5 million) of Reconciliation of expected credit losses on financial assets at amortised cost – Augus
Slide 16: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 10. Share of profit of joint ventures Witpoortjie South Hills Calgro M3 Bankenveld Development Development District Table View Company Company City Properties Total (Pty) Ltd (Pty) Ltd (Pty) Ltd (Pty) Ltd August 2024 Profit
Slide 17: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) Comparison of carrying and fair values of applicable line items in the statement of financial position: Unaudited Unaudited August August Fair value 2024 2023 Carrying values Level 2 Level 3 11. Related party transactions Co
Slide 18: Notes to the Condensed Consolidated Financial Statements (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 13. Dividends 17. Corporate governance The Board announced the introduction of the inaugural dividend policy in the financial year ending Corporate governance forms one of the foundational layers of the Calgro M3 strategy as
Slide 19: Ratio calculations (continued)
Notes to the Condensed Consolidated Annual Financial Statements (continued) 18. Ratio calculations (continued) Liquidity ratio The Group monitors capital on the basis of its net debt/equity ratio. The maximum allowed net debt/ This ratio is calculated as the ratio of current assets to current liabil
Slide 20: General information
General information Calgro M3 Holdings Limited Transfer secretaries Directors Incorporated in the Republic of South Africa Computershare Investor Services A Langson Executive Registration number: 2005/027663/06 BP Malherbe Executive Share code: CGR Bankers W Williams Executive Debt Alpha code: CGRI1
Slide 21: www.calgrom3.com
———" CALGRO M3 Group www.calgrom3.com