Ewi Capital Bhd · MYX:EWICAP
Ewi Capital Bhd — EcoWorld International Berhad — Q3 FY2021 Earnings Presentation
13 slides from Ewi Capital Bhd's earnings presentation, September 2021
Slide 1: Refocus & Reward: Q3 FY2021 Results & Briefing
Refocus & Reward Q3 FY2021 R E S U LT S & B R I E F I N G SEPTEMBER 2021
Slide 2: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 3: Sales Performance
SALES PERFORMANCE Refocus & Reward AS AT 31 AUGUST 2021 • Strong growth in local sales RM1,326m • Lockdown in Australia affecting sales RM285m • RM1,041m contracts exchanged in 10M FY2021 with RM285m RM1,114m (Reserved) reserves as at 31 Aug 2021 RM835m RM354m RM73m RM614m RM1,041m RM307m (Exchanged
Slide 4: Profit & Loss
PROFIT & LOSS Refocus & Reward 9M FY2021 • Strong profit growth driven by handover in Wardian and Yarra One during H1 FY2021 RM72m • Operating expenses include sales agent fees for Australian projects RM65m • Higher tax expenses due to profits recognised by Y1 & WV RM115m (RM106m) RM97m RM90m RM79m
Slide 5: Gearing
GEARING Refocus & Reward AS AT 31 AUGUST 2021 • Net debt ratio of 0.18x as at 31 Jul 2021 RM949m • Repayment of RM350m MTN by end-FY2021 RM529m RM1,233m RM541m RM1,069m RM284m Oct-2020 Jul-2021 Oct-2020 Jul-2021 Oct-2020 Jul-2021 Net Debt Gross borrowings Cash Balance
Slide 6: Project & Market Updates
PROJECT & MARKET UPDATES
Slide 7: Embassy Gardens
EMBASSY GARDENS Refocus & Reward SECOND PHASE OF BLOCK A03 LAUNCHED EG Block A03 Update: • Handover notices of Phase 1 units in Block A03 issued in August 2021 • Phase 2 of Block A03 launched in June 2021 • Both phases targeted for completion by Q1 FY2022 • Block A03 generated c. £120m sales in the
Slide 8: London: Some Signs of Recovery
LONDON Refocus & Reward SOME SIGNS OF RECOVERY • House price in Outer London grew 7.8% in London House Price Index Jun-21, the 12 months to June 2021 131.5 Jun-20, • However, demand for homes in Inner London 122.0 remains relatively muted due to border closure • Overseas demand remains stable despit
Slide 9: Australia: Lockdown Affecting Sales
AUSTRALIA A Refocus & Reward LOCKDOWN AFFECTING SALES Changes in apartment unit value • Broad recovery in apartment prices across all (July 2021 vs July 2020) capital cities in Australia, driven by strong 22.8% 23.1% domestic demand • Recent lockdown is affecting sales in the near term 10.0% 7.6% •
Slide 10: Conclusion: Outlook for FY2021
CONCLUSION Refocus & Reward OUTLOOK FOR FY2021 • Local demand is recovering though overseas demand is constrained by border closure. • Restructuring in EcoWorld London to enable greater focus on development management. • Strong balance sheet and low gearing. • RM1.4 billion effective future revenue
Slide 11: Thank You
THANK YOU ECOWorRLD INTERNATIONAL ‘OMORROW & BEYOND
Slide 12: Sales Breakdown As At 31 Aug 2021
Sales Breakdown As At 31 Aug 2021 EWI CUMULATIVE PROJECT GDV (MILLION) SALES VALUE (MILLION) FUTURE REVENUE1 STAKE SALES (MILLION) FY2015-2020 FY2021 United Kingdom London City Island 75% £685 £591 £577 £14 £12 Embassy Gardens 75% £902 £573 £456 £117 £89 Wardian London 75% £570 £456 £480 (£24) £26 M
Slide 13: Sales Breakdown As At 31 July 2021
Sales Breakdown As At 31 July 2021 EWI CUMULATIVE PROJECT GDV (MILLION) SALES VALUE (MILLION) FUTURE REVENUE1 STAKE SALES (MILLION) FY2015-2020 FY2021 United Kingdom London City Island 75% £685 £588 £577 £12 £10 Embassy Gardens 75% £902 £564 £456 £108 £82 Wardian London 75% £570 £459 £480 (£21) £29
EcoWorld International Berhad — Q3 FY2021 Earnings Presentation on 6ix