Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q4 2017 Earnings Presentation
16 slides from Malaysian Resources Corp. Bhd's earnings presentation, February 2018
Slide 1: Analyst Briefing
Analyst Briefing QUARTER ENDED 31 December 2017 www.mrcb.com
Slide 2: Table of Contents
Table of Contents 1 MRCB Group Overview …………………………………………………………………………………………… 3 2 YTD 2017 Highlights ………………………………………………………………………………………………… 4 3 Financial Performance …………………………………………………………………………………………….. 5 4 Segmental Reporting: Overview………………………………………………………………………………. 10 5 Segmental Reporting: Propert
Slide 3: MRCB Group Overview
1. MRCB Group Overview MRCB 2017 Overview MRCB Segment Overview Property Engineering & Others Revenue PBT Development Construction RM 2,824 mn RM 247 mn 17% y-o-y 37% y-o-y Revenue RM mn 859 1,774 191 37% y-o-y PBT1 Net Gearing Revenue RM 181 mn Contribution to 30% 63% 7% 23% y-o-y 0.53 x Group Segm
Slide 4: YTD 2017 Highlights
2. YTD 2017 Highlights Revenue (RM mn) Operating Profit (RM mn) PBT (RM mn) EPS (sen) 17% 37% 37% 13.8 52% 536 393 2,82 4 338 6.56 247 2,408 YTD 2016 YTD 2017 YTD 2016 YTD 2017 YTD 2016 YTD 2017 YTD 2016 YTD 2017 Key Highlights • Stripping out disposal gains, 2017 profit rose 22.9% 2016 gains of RM2
Slide 5: Financial Performance – Profit & Loss
3. Financial Performance – Profit & Loss Y-o-Y Y-o-Y Profit & Loss (RM' Million) Q4 FY17 Q4 FY16 12M 2017 12M 2016 Growth % Growth % Revenue 408 1,032 (60.4)% 2,824 2,408 17.3% Other Operating Income 89 192 (53.6)% 129 300 (56.9)% Operating Expenses (375) (951) (60.6)% (2,615) (2,172) 20.4% Operatin
Slide 6: Financial Performance – Quarterly Analysis
3. Financial Performance – Quarterly Analysis Revenue Operating Profit and Margin 123 1,134 85 757 66 65 7.5% 30.1% 525 12.5% 8.6% 408 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 PAT and Margin EPS 105 4.82 25.7% 20 26 31 3.9% 3.4% 2.7% 1.07 1.28 0.49 Q1 FY17 Q2 FY17 Q3 FY17 Q4 F
Slide 7: Financial Performance – Balance Sheet
3. Financial Performance – Balance Sheet NAV Per Share (sen) Balance Sheet (RM million) FY17 FY16 137.0 137.9 136.5 Total Assets 110.0 Current Assets 5,962 2,918 Non-Current Assets 4,339 4,588 Assets held for Sale 0 0 Total Assets 10,301 7,507 Total Liabilities Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Curren
Slide 8: Financial Performance – Borrowings
3. Financial Performance – Borrowings Leverage Profile (RM mn) Q4 FY17 Q3 FY17 Net Debt and Gearing Debt Short Term Borrowings 2,491 1,328 1.10x Long Term Borrowings 891 2,852 0.96x 0.9x HP creditors 2 3,120 3,403 0.53x Total Debt 3,384 4,183 2,997 2,761 Less: Cash and Cash Equivalents 778 780 2,606
Slide 9: Financial Performance – Reduction in Borrowings
3. Financial Performance – Reduction in Borrowings Unaudited EPF to subscribe in Dispose Dispose Dispose RM million FYE 2017* the Bkt Jalil Project EDL Ascott Celcom Bank Borrowings 2,323 2,323 2,323 2,323 2,092 EDL Financing 1,059 1,059 - - - Loan Stock 2 2 2 2 2 Total Borrowings 3,384 3,384 2,325
Slide 10: Segmental Reporting: Overview
4. Segmental Reporting: Overview Revenue Trend – RM2,824 mn Revenue Contribution Analysis 7% E&C 2,824 2,408 1,774 1,330 Property 858 859 30% Development 191 220 YTD’17 YTD’16 YTD’17 YTD’16 YTD’17 YTD’16 YTD’17 YTD’16 63% Others** Group E&C Property Others** Development Segmental Profit Trend – RM33
Slide 11: Segmental Reporting: Property Development & Investment
5. Segmental Reporting: Property Development & Investment Y-o-Y Y-o-Y Property Development (RM' Million) Q4 FY17 Q4 FY16 12M 2017 12M 2016 Growth % Growth % Revenue 198 560 (64.6)% 859 1,330 (35.5)% Segmental Profit 63 236 (73.3)% 176 465 (62.1)% Margin (%) 32.1% 39.4% 20.5% 34.9% Segmental Profit a
Slide 12: Segmental Reporting: Property Development Projects
5. Segmental Reporting: Property Development Projects Total sales of RM1.4 bn in 2017 exceeded our target of RM1.2 bn Property Sales in 2017 – RM1,424 mn Unbilled Sales – RM1,709 mn Project / Sales (RM' mn) GDV % Sales YTD 2017 Unbilled Project / Sales (RM' mn) Completion YTD 2017 Sales 2017 launche
Slide 13: Segmental Reporting: Property Development Projects
5. Segmental Reporting: Property Development Projects Land Size GDV Start Date Completion Date (Acres) RM' mn Transport Oriented Developments KL Sentral: Sentral Residences 2.35 1,330 2011 2017 KL Sentral: Lot F 5.70 2,993 2018 2025 PJ Sentral Garden City 11.91 2,619 2013 2022 Penang Sentral 22.65 2
Slide 14: Segmental Reporting: Engineering, Construction & Environment
6. Segmental Reporting: Engineering, Construction & Environment Engineering, Construction & Environment Y-o-Y Y-o-Y Q4 FY17 Q4 FY16 12M 2017 12M 2016 (RM' Million) Growth % Growth % Revenue 159 378 (57.9)% 1,774 858 106.8% Segmental Profit 46 2 2,807.6% 93 12 700.3% Margin (%) 28.9% 0.4% 5.2% 1.4% S
Slide 15: Unbilled External Order Book – RM5,154 mn
6. Segmental Reporting: Engineering, Construction & Environment Unbilled External Order Book – RM5,154 mn RM'mil Contract Value Completion Buildings: External Order Book Analysis Johor Land Tower 184 85% Aman Desaru 139 90% Environment Desaru Convention Centre 60 65% 3% Desa Desaru 223 60% Fee-based
Slide 16: Malaysian Resources Corporation Berhad contact details
MALAYSIAN RESOURCES CORPORATION BERHAD Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia www.mrcb.com 16
Malaysian Resources Corporation Berhad — Q4 2017 Earnings Presentation on 6ix