Ewi Capital Bhd · MYX:EWICAP
Ewi Capital Bhd — Q1 FY2022 Earnings Presentation
7 slides from Ewi Capital Bhd's earnings presentation, March 2022
Slide 1: 1Q FY2022 Corporate Presentation
1Q FY2022 CORPORATE PRESENTATION March 2022
Slide 2: Sales Performance
SALES PERFORMANCE RM685m • RM685 million sales & reserves of RM393 million as at 28 Feb 2022 • RM1.077 billion sales + pipeline achieved in first four months of FY2022 • Incentives provided to purchasers & sales agents boosted sales performance in 1Q 2022 RM408m • Sustained interest in Embassy Garde
Slide 3: Monetizing Completed Stocks
MONETIZING COMPLETED STOCKS Cumulative Sales Remaining • >80% of launched GDV in EW-Ballymore & Australia have been £406 sold and profits recognized. £1,759 • Rising interest rates, risk premium and disruptions to marketing activities have increased holding cost & cost of capital. • To accelerate sa
Slide 4: Profit & Loss
PROFIT & LOSS • Lower revenue as a result of fewer handovers by Australian projects RM57m • Small losses recorded by JV due to: • Incentives provided to boost sales • Fewer completions in LCI & Wardian • Continued financial discipline to manage overheads RM303m (RM14m) RM70m RM53m (RM45m) RM49m RM9m
Slide 5: Gearing
GEARING • Focus on cash generation in the coming quarters RM564m RM573m • Net debt ratio at 0.21x as at 31 January 2021 • Target to turn into net cash position by end-FY2022 RM901m RM336m RM780m RM208m Oct-2021 31-Jan-22 Oct-2021 31-Jan-22 Oct-2021 31-Jan-22 Net Debt Gross borrowings Cash Balance
Slide 6: Sales Breakdown – 28 February 2022
SALES BREAKDOWN – 28 FEBRUARY 2022 CUMULATIVE SALES EFFECTIVE FUTURE PROJECT OWNERSHIP GDV (MILLION) SALES VALUE (MILLION) (MILLION) REVENUE FY2015-2021 FY2022 United Kingdom London City Island 75% £683 £637 £596 £41 £35 Embassy Gardens 75% £900 £637 £594 £43 £64 Wardian London 75% £569 £473 £461 £1
Slide 7: Sales Breakdown – 31 January 2022
SALES BREAKDOWN – 31 JANUARY 2022 CUMULATIVE SALES EFFECTIVE FUTURE PROJECT OWNERSHIP GDV (MILLION) SALES VALUE (MILLION) (MILLION) REVENUE FY2015-2021 FY2022 United Kingdom London City Island 75% £683 £623 £596 £27 £25 Embassy Gardens 75% £900 £615 £594 £21 £47 Wardian London 75% £569 £470 £461 £9