Mah Sing Group Bhd. · MYX:MAHSING
Mah Sing Group Bhd — Q2 2024 Earnings Presentation
18 slides from Mah Sing Group Bhd's earnings presentation, August 2024
Slide 1: 2Q 2024 Investor Presentation
2Q 2024 Investor Presentation August 2024 Reinvent Spaces. Enhance Life.
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, estimates, forecasts, and projections about the industry, markets, and the company itself. Actual results may differ materially from those expres
Slide 3: FY2024 Highlights
| 1 2@ FY2024 Highlights
Slide 4: Consistent Sales Success
Consistent Sales Success Reaching New Heights, Enroute to Peak Property Cycle Performance 3.4bn 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 «2021 2022 2023 8M 2024 Minimum RM2.5bn 3.0bn 2024 Sales Target 2.5bn 2.3bn all 8M 2024 Sales Achieved if RM1.66bn / 2.5bn 'Minimum 2.3bn 2.3bn 2.1bn
Slide 5: Strategic Alignment and Market Success: M-Series
Strategic Alignment and Market Success: M-Series An Unbeatable Combination of Affordability + Quality + Lifestyle In-Demand Entry-Level M Zenya M Senyum M Minori M Adora M Vertica Value Homes Location Kepong Salak Tinggi Johor Bahru Wangsa Melawati Cheras Take-up Price From RM420K From RM450K From R
Slide 6: Sustained Strong Quarterly Performance
Sustained Strong Quarterly Performance Driven by Right Market Positioning & Disciplined Execution RM164m A 9% yoy 1H PBT RM120m 420% yoy 1H PAT RM2.43bn Unbilled Sales Revenue em'm HUATT QI G2 G3 G4) G1 @2 @3 G4 G1 G2 G3 Q4 G1 G2 G3 a4 at G2 2020 2021 2022 2023 2024 PBT (rvm +9% yoy lit .. MLL ll .
Slide 7: Healthy Credit Profile Through Prudent Capital Management
| Ga odes ee ea Bee . Healthy Credit Profile Through Prudent Capital Management Maintaining Resilience & Fostering Growth Healthy Balance Sheet Strong Liquidity Low Borrowing Costs Low Leverage 70% fixed rate debt, 30% floating rate debt RM911m >RM500m Cash & bank balances Free cash flow expected as
Slide 8: Active Landbanking for Growth
|| A Active Landbanking for Growth 8 New Land Acquisitions Since 2023 With Up to RM10bn Potential GDV 2024 2023 2022 2021 2019 +RM4.5bn GDV +RM5.5bn GDV +RMO.5bn GDV +RM2.1bn GDV +RM1.6bn GDV 7% - 14% land cosGDV 11% - 17% land cost/GDV 8% land cost/GDV 12% - 15% land cost/GDV 18% - 16% land cost/GD
Slide 9: Consistent Record of Shareholders' Returns
Consistent Record of Shareholders’ Returns Reflecting Solid Execution and Disciplined Management 18 Years of Uninterrupted Record of Minimum 40% Dividend Payout 48% 46% 45% 44% 43% 43% 43% 43% 42% AN% 4o% 41% 42% AN% AN% 40% 40% 410% FYE 31Dec 2006 2007 ~=2008 ~—2009 2010 2011 2012 2013 2014 2015 20
Slide 10: Accelerating Sales Momentum
Accelerating Sales Momentum Supported by Successful Past Launches & Strong Project Pipeline 2024 Launches a iM) Residensi Suria Madani Le ‘aman Desa Existing Projects (New Phase Launches) Affordable Price Points Strategic Location Spread MMinori JB i MPanora, Rawang Price Points 7OOK-M > 1M Klang Va
Slide 11: Driving Growth: Strategic Evolution
Be ee coe Driving Growth: Strategic Evolution Unlocking Potential, Capturing Opportunities Immediate to Mid-Term __,..,.,,. eeee Long-Term Value Enhancement Residential stertial Projectes Mme eeee e + “King of Urban Residential Projects” a] * Recurring Income Asset Strengthen market share with Resid
Slide 12: Mah Sing DC Hub @ Southville City
| 2 Mah Sing DC Hub @ Southville City
Slide 13: Mah Sing DC Hub @ Southville City
Mahsing 150 acres = Mah Sing DC Hub @ Southville City With Planned Capacity of Up To 5010MW
Slide 14: Strategic triangle with <50km from TM's Morib landing station
Strategic triangle with <50km from TM's Morib Bukit Jalil & Cyberjaya landing station enabling (within 20km proximity) dark fiber connection _ Direct access to the North-South Expressway pat Ge Proximity to KL & mature Steady supply of skilled neighborhoods like workforce within Bangi Kajang and Put
Slide 15: Bridge Data Centres As First Partner
Bridge Data Centres As First Partner Collaboration Agreement 30 May 2024 17.55 acres With Capacity of Up To 1OOMW MahSing <. e —_— : Signing Se Mah Sing DC Hul BRIDGE DATA CENTRES © LAWS, oa 4 i ‘he ei d — ~~ ee a 2 > | 4 baa 3 | + JV Co * Hyperscale DC customers * AIDC customers = BainCapital Bridg
Slide 16: Why Partner with Mah Sing?
Why Partner with Mah Sing? SPEED TO MARKET Fast turnaround development track record. Familiarity with authorities’ approvals, — utilities connections, and shorter development/construction periods. SCALABILITY . Availability of suitable landbank and future landbanking opportunities * Southville City
Slide 17: Key Takeaways
Key Takeaways Strategic Market Positioning + M-Series affordable residential homes targeting First-Home Buyers + Flexibility in mid-high / high- end markets when time is right Driving Sustainable Growth Through Strategic Execution and Resilience Resilient Growth Strategies Leveraging landbank to est
Slide 18: Reinvent Spaces. Enhance Life.
Reinvent Spaces. Enhance Life. ir@mahsing.com.my
Mah Sing Group Berhad — Q2 2024 Earnings Presentation on 6ix