Megawide Construction Corporation · PSE:MWIDE

Megawide Construction — H1 2017 Earnings Presentation

13 slides from Megawide Construction's earnings presentation, Aug 17, 2017

  1. Slide 1: 1H 2017 Analysts' Briefing: Consolidated Income Statement

    8/18/2017 Megawide Construction Corporation 1H 2017 Analysts’ Briefing 17 August 2017 CONSOLIDATED INCOME STATEMENT In Php M 1H 2017 1H 2016 Mov’t % Remarks Total Revenues 9,503 10,069 (566) (6%) Construction 8,296 9,173 (877) (10%) 51% of FY17 target Airport Operations 1,156 896 260 29% Passenger t

  2. Slide 2: 1H 2017 Highlights and Margin Performance

    8/18/2017 1H 2017 HIGHLIGHTS Revenue P9.5B (-6%) EBITDA P2.2B (2%) NET INCOME P1.2B (-2%) Construction Construction Construction P8.3B (-10%) P1.4B (-11%) P590M (-15%) Airport Airport Airport P1.2B (+29%) P809M (+32%) P551M (+15%) Merchandising Merchandising Merchandising P51M (+100%) P23M (+100%) P

  3. Slide 3: Financial Position and Liquidity and Gearing Ratios

    8/18/2017 FINANCIAL POSITION In Php M 30-Jun-17 31-Dec-16 Movement % Change Cash & Financial Assets 9,845 10,938 (1,093) (10%) Other Current Assets 10,300 10,033 267 3% Total Current Assets 20,145 20,971 (826) (4%) Concession Assets 22,911 20,339 2,573 13% Total Non Current Assets 10,560 9,775 785 8

  4. Slide 4: Construction Operations

    8/18/2017 BUSINESS SEGMENT UPDATES CONSTRUCTION 6 CONSTRUCTION OPERATIONS Construction Revenues +13% Revenue (in M Php) Quarterly Revenues 2015 2016 2017 18,000 15,786 (in Php M) 32.0%GP Margin 13,958 Net Income Margin 13,000 5,478 10,880 -24% 9,842 -10% +11% 4,708 4,189 +40% 4,107 -33% 22.0% 7,742

  5. Slide 5: Construction Order Book and Airport Segment

    8/18/2017 CONSTRUCTION OPERATIONS ORDER BOOK ORDER BOOK MIX 1H17 (in Php Bn) 39.06 Office & 38.49 Comm'l 33.65 23% Infra 22.63 20.30 8% 18.80 Residential 2012 2013 2014 2015 2016 1H17 69% ORDER BOOK MIX 1H16 NEW CONTRACTS 37.73 Office & (in Php Bn) Comm'l 35% 17.60 14.10 12.42 12.73 3.42 Residential

  6. Slide 6: Airport Operations: Air and Passenger Traffic

    8/18/2017 AIRPORT OPERATIONS Air Traffic Passenger Traffic 7.8 48.1 (In Million) 46.6 7.4 45.1 43.7 7.1 Domestic Int'l 42.3 40.9 6.8 39.6 Domestic Int'l 38.2 6.5 36.9 35.6 6.3 34.4 33.2 6.0 32.0 30.8 5.7 29.7 5.5 28.7 5.2 27.6 26.0 5.0 24.5 4.8 23.1 4.5 21.7 4.3 4.1 19.8 3.9 3.8 3.5 16.4 123.5 121.7

  7. Slide 7: Airport Operations: EBITDA, Net Income and Awards

    8/18/2017 AIRPORT OPERATIONS Quarterly EBITDA 2015 2016 2017 AIRPORT EBITDA In Php M 70% (in Php M) +36% +28% 70% 420 +20% 389 +42% 368 +32% Margin 65% 1,302 70% +49% 329 320 306 285 971 +32% 243 231 809 191 45% 90 2014 2015 2016 1H17 Q1 Q2 Q3 Q4 AIRPORT NET INCOME Quarterly Income 2015 2016 2017 In

  8. Slide 8: Airport Operations: Passenger Mix and Connectivity

    8/18/2017 AIRPORT OPERATIONS Passenger Mix International International 26% 31% 1H 2016 1H 2017 Domestic Domestic 69% 74% Breakdown of International Tourists 2015 Breakdown of International Tourists 2016 Taiwan 2% Others 6% Taiwan 2%Others 5% EU; 4% EU; 7% Australia Australia 3% Korea 48% Korea 44% 4

  9. Slide 9: Airport Operations: New Routes and 2017 Guidance

    8/18/2017 AIRPORT OPERATIONS Details of new routes/frequency expected to start in 2017 DOMESTIC Airline Destination Start Date Aircraft/Frequency Airline Destination Start Date Aircraft/Frequency INTERNATIONAL PAL Clark March 26 A321/3 Thai Smile BKK May-17 A320/7 PAL General Santos March 26 A320/7

  10. Slide 10: Business Updates: Clark International Airport

    8/18/2017 BUSINESS UPDATES 18 Clark International Airport (Hybrid PPP)  Submitted unsolicited proposal last July2016  Recent Gov’t direction for Hybrid PPP is to bid out construction and O&M project separately.  Megawide is participating in the bid for the EPC of the new passenger building termin

  11. Slide 11: Unsolicited Proposals: MCIA and PNR East West Rail

    8/18/2017 Unsolicited Proposal for MCIA  Submitted last 07 June 2017  Investment: P208 billion (US$4 billion)  Three Main Phases: 1. Takeover airside facility and subsequently undertake the following: a. rehabilitation of the existing runway and taxiways b. construction of an additional full leng

  12. Slide 12: Goa Mopa Airport Project and Disclaimer

    8/18/2017 Goa Mopa Airport Project  In July 28, Megawide has been pre-qualified as contractor for the US$300-million Mopa Greenfield Airport project in North Goa, India  EPC will include the construction of the passenger terminal building, air traffic control tower, and cargo facilities, etc.  Ne

  13. Slide 13: Company Information

    24 COMPANY INFORMATION Company Name Office Address Telephone Numbers Website Email Address Megawide Construction Corporation 20 N. Domingo St., Brgy. Valencia, Quezon City (02) 655-1111 www.megawide.com.ph fb.com/MegawideConstructionCorporationOfficial *twitter.com/megawidebuilds investorrelations@m

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