Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q3 2021 Earnings Presentation
18 slides from Malaysian Resources Corp. Bhd's earnings presentation, Sep 30, 2021
Slide 1: Analyst Briefing
ANALYST BRIEFING er Ended 30 September 2021 oo t of News| . FTSE4GOOD Bursa Malaysia Index ion of the 9 Seputeh’s Promenade Boulevard
Slide 2: Table of Contents
1060 Carnegie in Melbourne, Australia ‘GDV RM3O0 milion ‘Completed December 2019 MCB Table of Contents W MRCB Financial Summary Key Highlights Financial Performance Segmental Reporting: Overview Segmental Reporting: Property Development & Investment Segmental Reporting: Engineering, Construction & E
Slide 3: MRCB Financial Summary
MRCB Financial Summary MRCB 9M FY2021 Overview MRCB Segment Overview Revenue Loss Before Tax Property Engineering & Others RM 590 mil. RM 63 mil. Development Construction 34% y-o-y 67% y-o-y Revenue 37% y-o-y RM mil. 346 206 38 Loss After Tax Net Gearing RM 68 mil. 67% y-o-y 0.29x Revenue Contributi
Slide 4: Key Highlights
Key Highlights Revenue Operating Profit/Loss PBT/LBT EPS (RM mil.) (RM mil.) (RM mil.) (sen) 34% 80% 67% 71% 891 590 YTD 2020 YTD 2021 YTD 2020 YTD 2021 YTD 2020 YTD 2021 (30) (63) (1.34) YTD 2020 YTD 2021 (149) (190) (4.66) • The lower Revenue in 9M FY2021 was largely due to the EMCO and FMCO lockd
Slide 5: Key Highlights
Key Highlights Legend: Operation status / Workforce capacity 100%, within 0% <100% SOP compliance External projects Internal projects 2021 Lockdowns and 9 Seputeh Duration DASH SUKE MRT2 PR1MA Sentral Suites Alstonia Kwasa C8 National Recovery Plan (TRIA) Jan 2021 Recovering MCO (RMCO) Feb 2021 1HFY
Slide 6: Financial Performance
Financial Performance Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 138 298 (53.7)% 590 891 (33.7)% Other Operating Income 9 15 (36.9)% 27 33 (19.5)% Total Revenue 147 313 (52.9)% 617 924 (33.2)% Operating Expenses 164 293 (44.0)% 647 1,073 (39.7)% Operating
Slide 7: Financial Performance
Financial Performance Revenue Operating Profit* and Margin* 13.6% 298 309 42 6.7% 6.6% 227 226 20 15 138 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 (12.7)% (17) Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 (29) (12.0)% PBT* and Margin* EPS* (sen) 35 0.61 8 6 11.2% 0.12 2.6% 2.5% 0.02 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q3'20 Q4'20 Q
Slide 8: Financial Performance
Financial Performance RM Million 30 Sept 2021 30 June 2021 NAV Per Share* (sen) 103.1 103.1 103.3 Total Assets 101.5 Current Assets 2,623 2,712 Non-Current Assets 5,420 5,412 99.5 Assets held for sale - - Total Assets 8,043 8,124 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Total Liabilities Current Liabilities 1,
Slide 9: Financial Performance
Financial Performance Leverage Profile (RM Million) 30 Sept 2021 30 June 2021 Net Debt and Gearing Debt Short Term Borrowings 656 710 Long Term Borrowings 1,223 1,235 0.29x 0.29x HP creditors 0 0 0.26x 0.30x 1,293 0.24x 1,200 Total Debt 1,879 1,945 1,191 1,090 1,310 Less: Deposits, cash and bank bal
Slide 10: Segmental Reporting
Segmental Reporting Revenue Split – RM590 mil. Revenue Contribution Analysis 891 E&C 9M FY2020 6% 590 9M FY2021 489 35% Property 363 346 Development 206 38 38 Others** 59% Group E&C Property Others** Development Segmental Profit Split – RM(33) mil. 44 18 6 1 Group E&C Property Others** (33) Developm
Slide 11: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 71 153 (53.6)% 346 489 (29.3)% Profit 1 16 (92.7)% 18 44 (60.3)% Margin* (%) 1.6% 10.3% 5.1% 9.1% Profit* and Margin* Performance Discussion Contributed 59% of Group revenue,
Slide 12: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Property Sales of RM165.2 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown YTD 2021 Project (RM’mil) 30 Sept 2021 (RM’mil) Completed Projects Sentral Residences 1,439 99% 0.0 VIVO 9 Seputeh 980 82% 6.4 Kalista, Bukit Rahman Putra 102 85% 0.0 54
Slide 13: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Total Unbilled Sales of RM941.3 Million Breakdown of Unbilled Sales Revenue Recognised* 9M FY2021 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 23% Sentral Suites 54.5% 119.0 673.2 TRIA 9 Seputeh
Slide 14: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights What We Have To Sell: RM0.8 Billion Projects Under Construction Completed Unsold Units Total RM424.6 mil. RM389.5 mil. RM814.1 mil. Total excluding unlaunched retail/office units in VIVO 9 Seputeh = RM249.6 mil. Breakdown of Completed Unsold Units (RM’ mil.) 226.
Slide 15: Land Bank
Land Bank Land Size GDV Start Completion % Stake (Acres) RM' mil. Date Date Transport Oriented Developments KL Sentral 5.70 3,949 100% 2022 2027 PJ Sentral Garden City 11.91 2,700 100% 2013 2026 Penang Sentral 21.97 2,698 100% 2015 2027 Cyberjaya City Centre 41.45 5,350 70% 2017 2024 Kwasa Sentral 6
Slide 16: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 50 132 (62.0)% 206 363 (43.2)% Profit (19) (3) >100% (52) (199) (74.0)% Margin* (%) (37.3)% (2.3)% (25.0)% (54.7)% Profit* and Margin* Performance Discussion 16.1% Contributed
Slide 17: Key Highlights & Activities
Key Highlights & Activities Unbilled External Order Book – RM19,917 mil.* as at 30 Sept 2021 External Order Book Analysis Contract Value Progress*** External Contracts (RM Million) Buildings: Fee-based 4% Desaru Convention Centre 62 99% PR1MA Brickfields 335 20% Infra Buildings FINAS 170 8% 46% 2% I
Slide 18: An artist's impression of Kwasa Sentral
An artist's impression of Kwasa Sentral (GDV RMT million) MALAYSIAN RESOURCES CORPORATION BERHAD (7994-D) Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 / 603 28597070 Fax: 603 2780 7988 www.mreb.com Ei MRCBGroup
Malaysian Resources Corporation Berhad — Q3 2021 Earnings Presentation on 6ix