Megawide Construction Corporation · PSE:MWIDE

Megawide Construction — Q1 2022 Earnings Presentation

14 slides from Megawide Construction's earnings presentation, Jun 3, 2022

  1. Slide 1: Reviewed Financial Results for 1Q2022

    Reviewed Financial Results for 1Q2022 03 June 2022

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Megawide Construction Corporation (the “Company”). This presentation, as well as discussio

  3. Slide 3: Operating Results – Consolidated Income Statement

    OPERATING RESULTS – CONSOLIDATED INCOME STATEMENT In PhP M 1Q2022 1Q2021 % Revenues 4,165 3,723 12% Contract revenues 3,792 3,421 11% Airport operations revenues 224 114 96% Trading operations revenues 19 1 1524% Terminal operations revenue 131 187 -30% Direct costs 3,414 3,092 10% Contract cost 3,1

  4. Slide 4: Segment Breakdown

    SEGMENT BREAKDOWN REVENUE (Pmn) EBITDA (Pmn) NET INCOME / (LOSS) (Pmn) 4,165 131 3,723 224 19 187 850 -138 114 743 1 45 85 -192 40 0 149 142 168 3,792 3,421 725 665 -327 -345 -6 -1 -6 -67 -4 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 10% 5% -1% 3% 1% 5% 74% 91% 30% 85% Construction Airport Merc

  5. Slide 5: Margin Performance

    MARGIN PERFORMANCE Q1 2022 Q1 2021 Gross Profit Margin 18% 17% Construction 16% 15% Airport Operations 48% 26% Airport Merchandising 37% -76% Terminal Operations 32% 55% EBITDA Margin 20% 15% Construction 19% 11% Airport Operations 18% -59% Airport Merchandising 0% -87% Terminal Operations 65% 138%

  6. Slide 6: Stable Revenue Generation

    STABLE REVENUE GENERATION 2021 BREAKDOWN QUARTERLY PERFORMANCE (PhP M) Const Solutions 4,783 7% 4,342 3,799 3,792 3,773 3,616 3,572 3,563 3,430 3,421 2,568 2,551 EPC 93% 1,062 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20* 1Q21 2Q21 3Q21 4Q21 1Q22 6

  7. Slide 7: Healthy and More Balanced Order Book

    HEALTHY AND MORE BALANCED ORDER BOOK ORDER BACKLOG SEGMENT 100 80.0 90 70.0 80 Order Book (PhP B) 68.4 60.0 Residential, 35% Office, Commercial and Industrial, 70 No. of Projects 60.0 48% 60 56.4 50.0 50 50.1 52.4 50 37 41 40.0 40 39.1 30.0 30 32.6 43 38.5 20.0 20 30 10 21 21 20 10.0 Infra and Facil

  8. Slide 8: Revenge Travel in Motion

    REVENGE TRAVEL IN MOTION QUARTERLY REVENUES (PhP M) 1Q2022 BREAKDOWN 224 AERO RELATED, 210 P28M PSC, P89M 133 114 119 110 111 NON-AERO, P104M 85 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 8 Note: Numbers do not include airport merchandising revenues

  9. Slide 9: Passenger Traffic Recovery

    PASSENGER TRAFFIC RECOVERY BREAKDOWN PASSENGER MONTHLY (in ‘000) Dom Int'l 26.73 Int'l 9% 21.1 21.43 28.5 143.9 12.94 115.520.6 111.012.8 12.2 89.47.7 16.9 8.4 169.4 218.3 13.7 15.0 5.4 62.1 52.6 73.7 58.5 81.7 55.5 73.2 5.4 175 275 Domestic 91% PASSENGER VOLUME (‘000) 1Q2022 1Q2021 % Decrease Domes

  10. Slide 10: Gateway to Europe / Middle East Unlocked

    GATEWAY TO EUROPE / MIDDLE EAST UNLOCKED BREAKDOWN ATMs Dom Int'l Int'l 219 10% 291 333 191 193 302 1,220 103 1,060 69 818 153 98 788 109 701 131 860 70 845 70 771 58 1,367 1,693 2,219 1,601 1,618 2,522 997 Domestic 90% ATM YTD 1Q2022 1Q2021 % Decrease Domestic 5,741 2,480 131% Int’l 603 198 205% To

  11. Slide 11: Non-Aero Holding Up

    NON-AERO HOLDING UP NON-AERO SHARE TO TOTAL COMMERCIAL GLA (sqms) T1 Ph 2 400 400 Airport village T2 1,800 1,800 1,800 T1 Ph1 3,800 3,800 3,800 3,800 3,500 4,200 4,200 4,200 3,200 2,000 28% 31% 32% 34% 44% 54% 47% 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 1Q2022 2016 2017 2018 2019

  12. Slide 12: Industry-Wide Low Occupancy

    INDUSTRY-WIDE LOW OCCUPANCY 1Q2022 BREAKDOWN QUARTERLY RENTAL REVENUE (in Php M) 21 Office PFRS 16 Commercial Office 34 39% 31 41% 23 19 266 30 25 Retail 199 186 169 20 154 20% 96 105 76 0 24 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 12

  13. Slide 13: Breaching Pre-Pandemic Level

    Jan-20 61 60 Feb-20 56 Mar-20 Apr-20 May-20 10 27 Jun-20 Jul-20 29 Aug-20 39 Sep-20 46 Oct-20 51 Nov-20 Dec-20 58 Jan-21 52 53 Feb-21 45 Mar-21 Apr-21 26 41 May-21 51 Jun-21 47 Jul-21 28 Aug-21 35 Sep-21 51 Oct-21 62 Nov-21 AVERAGE DAILY FOOT TRAFFIC (‘000) Dec-21 80 50 Jan-22 60 Feb-22 Mar-22 87 BR

  14. Slide 14: Thank you

    hil MEGAWIDE <oanwe Philippines Thank you Contact us

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