Eastern & Oriental Bhd. · MYX:E&O
Eastern & Oriental Bhd — Shareholder Meeting (August 2021)
20 slides from Eastern & Oriental Bhd's shareholder meeting presentation, Aug 25, 2021
Slide 1: Eastern & Oriental Berhad 94th Annual General Meeting
Eastern & Oriental Berhad 94th Annual General Meeting PRESENTATION TO SHAREHOLDERS | 25 August 2021
Slide 2: Group Result for FY 2021
Group Result for FY 2021 Description FY2021 FY2020 Difference • Revenue – RM304.7m. Decrease of RM’000 RM’000 RM’000 RM182.1m (37.4%) due to Revenue 304,725 486,802 (182,077) • lower revenue from the Properties & Hospitality segments Properties segment 287,361 418,372 (131,011) Hospitality segment 1
Slide 3: Statement of Financial Position
Statement of Financial Position Description FY2021 FY2020 Difference • Total Borrowings of RM1.27b RM Million RM Million RM Million increased by RM223m due to new drawdown of RM265m of Total Assets 3,615 3,386 229 Sukuk, other loan net drawdown Cash and bank balances 469 296 173 of RM110m, and offse
Slide 4: Properties Segment Review
Properties Segment Review 4
Slide 5: Monetising Completed Properties
Monetising Completed Properties RM’000 500,000 455,085 Completed Properties (at cost) 450,000 400,000 350,000 322,972 300,000 250,000 214,785 200,000 150,000 100,000 48,318 50,000 5,325 0 FY2017 FY2018 FY2019 FY2020 FY2021 • Successful strategies since FY2017 to sell completed stocks and reduce inve
Slide 6: E&O's Property Sales & Unbilled Sales
E&O’s Property Sales & Unbilled Sales Sales FY2021 Unbilled Sales FY2021 RM311.7m RM274.0m Johor UK 2% Klang Valley 18% Penang 51% Johor 26% 2% Klang Penang Valley 47% 54% Sales achieved of RM311.7m includes – Unbilled sales will progressively be recognised over FY22 – FY24 • Disposal of Liew Weng C
Slide 7: Properties Segment Review – Seri Tanjung Pinang 2A Development
Properties Segment Review – Seri Tanjung Pinang 2A Development 7
Slide 8: Seri Tanjung Pinang – Master Development
Seri Tanjung Pinang – Master Development Seri Tanjung Pinang comprises Seri Tanjung Pinang – of land reclamation and Phase 1 (240 acres) development of 1,000 acres presents a unique and significant opportunity where E&O is launching innovative products and attractions within an all-encompassing exem
Slide 9: Seri Tanjung Pinang – Transformation
Seri Tanjung Pinang – Transformation 2003 (takeover) 2021 2028 STP 2C STP 1 STP 1 STP 2A STP 2B STP 2A 9
Slide 10: Seri Tanjung Pinang Phase 2 – Progress
Seri Tanjung Pinang Phase 2 – Progress Georgetown, Penang Gurney Drive, Penang Seri Tanjung Pinang Seri Tanjung Phase 2 – land Middle Bridge, Pinang Phase 1 reclamation completed - link between STP Phase 1 & STP Phase 2 Straits Quay Mall & Marina at STP Phase 1 10
Slide 11: Seri Tanjung Pinang Phase 2 – Progress
Seri Tanjung Pinang Phase 2 – Progress Straits Quay Mall & Marina at Seri Tanjung Pinang Phase 1 Middle Bridge (in-progress) – road connection between STP1 and STP 2 Main road works – in progress 11
Slide 12: Seri Tanjung Pinang Phase 2 – serviced apartments
Seri Tanjung Pinang Phase 2 – serviced apartments Serviced Serviced Apartments Apartments (planned launch – 2H FY2022) • Maiden launch on STP2A • Land size – 4 acres • Freehold land status • 1,020 units • Innovative layouts designed to suite young executives and new families • Net saleable area – 75
Slide 13: Properties Segment Review – KL Development Projects
Properties Segment Review – KL Development Projects 13
Slide 14: Conlay, Kuala Lumpur City Center
Conlay, Kuala Lumpur City Center Prince Court Medical Center Jalan Kia Peng Jalan Conlay Aerial view of construction site Artist’s impression • KLCC vicinity – near to amenities and • Total residential units – 491 business district. units • Land size – 1.44 acres • Launched in 4th quarter 2019 • Fre
Slide 15: The Peak, Damansara Heights
The Peak, Damansara Heights * Artist’s impression Development highlights • Freehold development • Land size – 3.94 acres • 54 units of exclusive residential units – single floor per unit • Net Saleable area – 212,718 sf layout • GDV – RM348 million • Located in Damansara Heights adjacent to National
Slide 16: Hospitality Segment Review – Eastern & Oriental Hotel, Lincoln Suites
Hospitality Segment Review – Eastern & Oriental Hotel, Penang Lincoln Suites, London 16
Slide 17: Hospitality Segment
Hospitality Segment Eastern & Oriental Hotel, Penang FY 2021 FY2020 Difference Revenue RM15.3m RM63.4m (RM48.1m) Average Occupancy 18.2% 67.9% (49.7%) • 232 rooms hotel located in Georgetown, Penang • Revenue and occupancy at Eastern & Oriental Hotel reduced by RM48.1m mainly due to multiple tempora
Slide 18: Lincoln Suites, London
Lincoln Suites, London • E&O will launch its new hospitality property known as Lincoln Suites, Kingsway, London on 31 August 2021 • 54-room serviced apartments for rental in the vicinity of London School of Economics (LSE), Holborn Station and Trafalgar Square • This site is part of E&O’s acquisitio
Slide 19: Going forward
Going forward STP2A, Penang • STP2A, Penang is the key focus of E&O group – unique proposition of 253 acres freehold prime development on an island opposite Gurney Drive • Master planned development shaping Penang’s international standard of premier residential, commercial and entertainment precinct
Slide 20: End of Presentation
End of Presentation 20
Eastern & Oriental Berhad — Shareholder Meeting (August 2021) on 6ix