Kelington Group Bhd. · MYX:KGB
Kelington Group Bhd — Q1 2024 Earnings Presentation
21 slides from Kelington Group Bhd's earnings presentation, May 24, 2024
Slide 1: 1Q FY2024 Results Review
KELINGTON GROUP BERHAD KELINGTON GROUP BERHAD 1Q FY2024 RESULTS REVIEW 24 May 2024 1
Slide 2: On Track for Another Record Year
FINANCIAL PERFORMANCE ON TRACK FOR ANOTHER RECORD YEAR Revenue (RM mil) Shareholder’s Equity (RM mil) 1,614.4 1,278.8 369.9 332.6 239.3 514.6 168.0 191.7 394.6 339.3 FY 2020 FY 2021 FY 2022 FY 2023 1Q 2024 FY 2020 FY 2021 FY 2022 FY 2023 1Q 2024 Net Profit (RM mil) Total Dividend Declared (RM mil) 1
Slide 3: Income Statement Highlights
1Q FY24 FINANCIAL PERFORMANCE 1QFY24 vs 1QFY23 INCOME STATEMENT HIGHLIGHTS 1 Higher revenue arising from: • Rise in contribution from key RM MIL 1Q FY24 1Q FY23 % CHANGE operating markets: Malaysia (+6%) and China (+129%) with Revenue 1 339.3 308.9 +10% several large UHP projects Gross profit 52.9 3
Slide 4: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS 31.03.2024 31.12.2023 Debt reduced with RM MIL 1 (Unaudited) (Audited) repayments made on borrowings in both Total Assets 1,053.4 1,071.3 Malaysia and Singapore. Total Liabilities 676.9 732.9 Growth in equity driven by 2 Total Borrowings* 1 166.6 188.2 quarterly profits. Sho
Slide 5: Growth Across Main Geographical Regions
1Q FY24 REVENUE BREAKDOWN GROWTH ACROSS MAIN GEOGRAPHICAL REGIONS Equipment and Others* materials Process 4% 5% Engineering +246.8% YoY 6% Singapore 21% Industrial Gases 10% +48.8% YoY Malaysia 1QFY24 Ultra-High Purity 1QFY24 45% General RM339.3 mil 58% RM339.3 mil +6.4% YoY Contracting +11.7% YoY 2
Slide 6: Engineering Segment
KELINGTON GROUP BERHAD ENGINEERING SEGMENT 6
Slide 7: Orderbook Replenishment Remains Healthy
CONTINUE TO WIN CONTRACTS, MAJORITY FROM UHP ORDERBOOK REPLENISHMENT REMAINS HEALTHY NEW ORDERS SECURED (RM mil) Breakdown of new projects secured of RM235 mil 1,848 96% Ultra High Purity 1,190 1,100 1% 490 Process Engineering 235 3% FY2020 FY2021 FY2022 FY2023 1QFY24 General Contracting Total order
Slide 8: Outstanding Orderbook of RM1.25 Billion
78% OF OUTSTANDING ORDERBOOK IS FROM UHP SEGMENT OUTSTANDING ORDERBOOK OF RM1.25 BILLION (as at 31 March 2024) Process Engineering Taiwan RM69 mil RM15 mil 6% China 1% RM473 mil Singapore 38% RM394 mil General 32% Contracting RM204 mil 16% Business Geographical Segment Markets Ultra-High Purity Mala
Slide 9: Total Tenderbook of RM1.59 Billion
SIGNIFICANT TENDER ACTIVITIES IN SINGAPORE & CHINA TOTAL TENDERBOOK OF RM1.59 BILLION (as at 30 April 2024) RM763 mil RM632 mil RM153 mil 48% 40% 10% Singapore China Malaysia 9
Slide 10: Industrial Gas Segment
KELINGTON GROUP BERHAD INDUSTRIAL GAS SEGMENT 10
Slide 11: Growth in Financial Performance
INDUSTRIAL GAS SEGMENT GROWTH IN FINANCIAL PERFORMANCE INDUSTRIAL GAS REVENUE STREAMS REVENUE (RM MIL) 114.0 1 Manufacturing of liquid CO2 and dry ice 62.9 Rental income from 2 on-site gas generator 34.5 35.9 22.1 Trading of various industrial 3 and electronic special gases FY 2020 FY 2021 FY 2022 F
Slide 12: LCO2 Manufacturing: New Gas Capacity Being Utilised Rapidly
LCO2 MANUFACTURING NEW GAS CAPACITY IS BEING UTILISED RAPIDLY Growth Of LCO2 Capacity 120,000 120,000 • New plant commenced (tonnes/year) production on 25 March 2024. • Current production is 58.0% 200 tonnes per day, 58% utilisation rate. 50,000 50,000 50,000 50,000 50,000 (tonnes/year) 100% • As at
Slide 13: Future Plans and Outlook
KELINGTON GROUP BERHAD FUTURE PLANS AND OUTLOOK 13
Slide 14: Stronger industry growth anticipated in second half
Source : https://www.semi.org/en/news- media-press-releases/semi-press- releases/key-measures-of-global- semiconductor-manufacturing-strength- May 14, 2024 improve-in-q1-2024-semi-reports • In Q1 2024, electronic sales rose 1% year-over-year (YoY), with Q2 2024 forecast to register a 5% YoY increase
Slide 15: China leading fab equipment spending
Mar 19, 2024 https://www.semi.org/en/news-media-press-releases/semi-press-releases/300mm-fab-equipment-spending-forecast-to-reach- record-%24137-billion-in-2027-semi-reports • China is leading fab equipment spending with US$30 billion in investments in each of next four years fueled by government in
Slide 16: UHP Orderbook to Grow In-Line with Semicon Recovery
UHP ORDERBOOK TO GROW IN-LINE WITH RECOVERY OF SEMICON INDUSTRY Fab equipment spending to exceed US$100 billion for first time in 2025 and reach a record of US$137 billion in 2027 due to:- • Memory market recovery • Strong demand for high-performance computing and https://www.semi.org/en/news-media-
Slide 17: Expansion of Geographical Reach
ENTERING NEW MARKETS EXPANSION OF GEOGRAPHICAL REACH Hong Kong Germany Taiwan China Philippines Malaysia Indonesia Engineering Singapore Fiji Industrial Gas Potential new market New Zealand Australia 17
Slide 18: 10-Year On-Site Gas Supply Scheme
INDUSTRIAL GAS : NEW RECURRING REVENUE STREAM 10-YEAR ON-SITE GAS SUPPLY SCHEME • Secured 10-year contract to supply hydrogen, nitrogen and oxygen for an optoelectronics semiconductor giant in Kulim, Kedah. • Supply of gases expected to commence in 2Q 2024. • Expected to generate cumulative revenue
Slide 19: Exploring Expansion of Industrial Gas in New Countries
EXPLORING EXPANSION OF INDUSTRIAL GAS IN NEW COUNTRIES Indonesia Philippines India 19
Slide 20: FTSE ESG Rating Upgraded to 4-Star
ESG ACHIEVEMENTS FTSE ESG RATING UPGRADED TO 4-STAR FTSE4Good Inclusion in Upgraded to a 4-star FTSE4Good Bursa ESG rating following Malaysia Index since the December 2023 December 2021. review conducted by FTSE Russell. 20
Slide 21: Thank You
KELINGTON GROUP BERHAD THANK YOU For investor relations queries, kindly contact meichee@capitalfront.biz 21
Kelington Group Berhad — Q1 2024 Earnings Presentation on 6ix