Malaysian Pacific Industries Bhd. · MYX:MPI
Malaysian Pacific Industries Bhd — Q4 2022 Earnings Presentation
69 slides from Malaysian Pacific Industries Bhd's earnings presentation, August 2022
Slide 1: Malaysian Pacific Industries Berhad Investor Presentation Q4 FY2022
1 M A L A Y S I A N P A C I F I C I N D U S T R I E S B E R H A D I N V E S T O R P R E S E N T A T I O N Q 4 F Y 2 0 2 2 ( A p r - J u n ’ 2 2 ) INVESTOR RELATIONS CONTACT Rohit Kumar +605 5262333 extn 8497 rohitkumar@carsem.com Malaysian Pacific Industries Berhad
Slide 2: Disclaimer
2 DISCLAIMER Malaysian Pacific Industries (MPI) provides access to this presentation for general reference only. This presentation is strictly confidential solely intended for communicating financials and may not be reproduced or circulated without MPI’s prior consent. If you are the recipient of th
Slide 3: Table of Content
3 TABLE OF CONTENT 1 INTRODUCTION 2 C O R P O R AT E O V E R V I E W 3 BUSINESS OVERVIEW 4 S U S TA I N A B I L I T Y 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 4: Business overview: MPI, a member of the Hong Leong Group
4 Business overview MPI – A MEMBER OF THE HONG LEONG GROUP Hong Leong Group and MPI • The Hong Leong Group was established over 50 years ago and is one of The Hong Leong Group the largest conglomerates in Asia One of the Largest Conglomerates in Malaysia • Carsem and Dynacraft are operating companie
Slide 5: Financial performance snapshot
5 Financial performance snapshot STRONG FUNDAMENTALS DELIVERING INDUSTRY LEADING RESULTS Revenue (US$ million) PATAMI growth Net cash (RM million) 570 21% 772 FY22 FY22 vs FY21 as of FY22 Revenue growth EPS CAPEX growth 19% 165.62sen 47% FY22 vs FY21 FY22 FY22 vs FY21 • Focused growth & transformati
Slide 6: Business outlook
6 Business outlook Semiconductor industry is caught between a rock and a hard place Long term growth drivers The industry incumbents are facing challenges from continued operational & supply chain disruptions • rapid transition into electric cars, autonomous due to war, COVID-19, inflation, and geop
Slide 7: Table of Content
7 TABLE OF CONTENT 1 INTRODUCTION 2 C O R P O R AT E O V E R V I E W 3 BUSINESS OVERVIEW 4 S U S TA I N A B I L I T Y 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 8: Journey & capabilities
8 Our journey Carsem One of the most JOURNEY & CAPABILITIES trusted OSAT Power Management 5G 5G TEST partners globally - CuClip Technology for Cloud Server Farms RF – Smartphone Thin & Multi-Die MLP – Small & Thin Sensors TVS SiC tech Sensors for For RF & power X3 for Mobile Market Sensors Automotiv
Slide 9: Board of Directors
9 Board of Directors YBHG DATUK KWEK LENG SAN MANUEL ZARAUZA IR. DENNIS ONG LEE KHIAN CHAIRMAN; Non-Executive/ GROUP MANAGING DIRECTOR/ Non-Executive Director/ Independent Non-Independent Non-Independent • Appointed to BoD of MPI in Jul 1990, and as GMD of • Over 25 years of experience across variou
Slide 10: Management team
10 Management team MANY YEARS OF CONSOLIDATED EXPERIENCE IN THE INDUSTRY MANUEL ZARAUZA, GROUP MANAGING DIRECTOR, MPI Over 25 years of manufacturing sector experience; Previously with Siemens, Osram Opto Semiconductors, and Seoul Semiconductor ERIC CHEAH, CFO, MPI INDERJEET SINGH, GM, CARSEM S-SITE,
Slide 11: Table of Content
11 TABLE OF CONTENT 1 INTRODUCTION 2 C O R P O R AT E O V E R V I E W 3 BUSINESS OVERVIEW 4 S U S TA I N A B I L I T Y 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 12: Supply chain & business model
12 Supply chain & business model CARSEM’S PACKAGING & TESTING SERVICES FORM A VITAL PART OF SEMICONDUCTOR VALUE CHAIN IC backend Boxing/ PCB manu- SMT SMT End Mask IC frontend production module/ System design IC Design facturing Assembly Assembly customer production production (Assembly system (bare
Slide 13: Wide portfolio
13 Wide portfolio COMPREHENSIVE TURNKEY PACKAGING & TEST SERVICES ACROSS KEY APPLICATIONS Automotive System in Quad Flat Package MLP Small Outline IC Package (SiP) (QFP) Industrial Transient Voltage Power Consumer & MEMS & Sensors Copper Clip Flip Chip Suppressor (TVS) Management (SiC, Communication
Slide 14: Geographic footprint
14 Geographic footprint BROAD GEOGRAPHIC PRESENCE, SERVING A GLOBAL CUSTOMER BASE CARSEM NORTH AMERICA CARSEM EUROPE CARSEM S. KOREA CARSEM SUZHOU, CHINA CARSEM JAPAN CARSEM TAIWAN CARSEM IPOH, MALAYSIA DYNACRAFT INDUSTRIES, S-SITE, M-SITE PENANG, MALAYSIA LEGEND Manufacturing plants & Sales offices
Slide 15: Production facilities
15 Production facilities CARSEM MANUFACTURING SITES & BUSINESS UNITS Carsem (M-Site, Ipoh) • Floor Space: 436K sq. ft. (40,500 sq. m.) • Workforce: 2,179 employees Automotive & Consumer SOIC MICRO MSU • GM: Sharon Ko Carsem (S-Site, Ipoh) • Floor Space: 640K sq. ft. (60,000 sq. m.) • Workforce: 3,51
Slide 16: Production facilities: short term challenges
16 Production facilities SHORT TERM CHALLENGES ARE IMPACTING CAPACITY UTILIZATION… S Site M Site SZ Site Constraints Constraints Constraints People/ operators Space shortage till the new China – Taiwan situation Delay in machine delivery building is ready Zero covid policy People/ operat
Slide 17: Production facilities: factory expansion plans
17 Production facilities …BUT OUR FACTORY EXPANSION PLANS CONTINUE TO CAPTURE LONG TERM OPPORTUNITIES Production starting in January 2024*; aim to start construction in Q1 FY23 Production starting in January 2023* SUXIANG, CHINA MALAYSIA (IN FRONT OF CARSEM M SITE) *Depending on the covid situation
Slide 18: Groundbreaking ceremony for Carsem Suxiang factory
18 Production facilities …BUT OUR FACTORY EXPANSION PLANS CONTINUE TO CAPTURE LONG TERM OPPORTUNITIES Groundbreaking ceremony for Carsem Suxiang factory Malaysian Pacific Industries Berhad
Slide 19: Step by step expansion of existing infrastructure
19 Production facilities STEP BY STEP EXPANSION OF OUR EXISTING INFRASTRUCTURE TO INCREASE CAPACITY Constructing additional levels at the S-site test area measuring ~35,000 sq. ft. Approved by BOMBA & other government authorities, awaiting corporate approval Already secured business for the addition
Slide 20: Table of Content
20 TABLE OF CONTENT 1 INTRODUCTION 2 C O R P O R AT E O V E R V I E W 3 BUSINESS OVERVIEW 4 S U S TA I N A B I L I T Y 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 21: Sustainability performance
21 Sustainability performance FY22 PERFORMANCE SNAPSHOT Included in FTSE4Good Bursa Malaysia Index and in top-quartile of ESG ratings amongst all PLCs assessed by FTSE Russell on Bursa Malaysia Women in workforce Training Health and safety 48% 4 hours on Zero occupational average per employee fatali
Slide 22: Sustainability at MPI
22 Sustainability at MPI OUR APPROACH IS RESPONSIBLE & RESPONSIVE, DRIVEN BY 3 THEMES Better Economy Better Environment Better Society • We prioritise the safety & wellbeing of our • We create economic value for our • We respect the local environment people shareholders • We strive to manage our ene
Slide 23: UN Sustainable Development Goals
23 UN Sustainable Development Goals 6 PRIORITY SDGs MOST ALIGNED WITH OUR BUSINESS Innovation, technology & MPI has a role to play in energy related infrastructure efficiency, emissions control development is a key focus and waste management area for MPI As a responsible MPI makes a business, safegu
Slide 24: Environment
24 Environment PROMOTING AWARENESS & COLLABORATING CLOSELY WITH DOE, PERAK, MALAYSIA Carsem Environment Day 2021 - Sembang Sungai @ Sungai Meru in Recognition from Jabatan Alam Sekitar Perak collaboration with Department of Environment (DOE), Perak, Malaysia (Department of Environment) Most E-Waste
Slide 25: Health & safety
25 Health & safety 99% OF OUR EMPLOYEES HAVE BEEN VACCINATED WITH TWO DOSES EMPLOYEE • Active fulfillment of our social responsibility – we organized vaccination & guidance for CARE employees • Aim is to ensure safety, and good health & wellbeing of our employees BUSINESS CONTINUITY PLAN Carsem M or
Slide 26: Health & safety: COVID-19 measures
26 Health & safety COVID-19 MEASURES TAKEN Temperature measurements for all visitors and employees health code checks at the entrance disinfection in all public areas, and of incoming shipments Malaysian Pacific Industries Berhad
Slide 27: Health & safety: living environment for employees
27 Health & safety ENSURING SAFE & HYGIENIC LIVING ENVIRONMENT FOR EMPLOYEES New accommodation site for foreign workers with better security, facilities and living conditions These are in strict compliance with The Workers’ Minimum Standards of Housing and Amenities (Amendment) Act 2019 (Act 446) Ma
Slide 28: Training & education
28 Training & education TRAINING & UPSKILLING IS AMONG OUR TOPMOST STRATEGIC PRIORITIES Enhanced training infrastructure – new training centre launched at Carsem SZ Our new training centre at Carsem SZ, launched in FY22, is equipped with a large training room that can accommodate up to 120 people, a
Slide 29: Training & education
29 Training & education TRAINING & UPSKILLING IS AMONG OUR TOPMOST STRATEGIC PRIORITIES Online & offline training programs - Graduate development program, Supervisor series training, Production specialist training, Engineer core competency development Malaysian Pacific Industries Berhad
Slide 30: Corporate social responsibility (CSR)
30 Corporate social responsibility (CSR) ASSISTING WIDER COMMUNITY Charity material donation by Carsem SZ to underprivileged children in Sichuan Province Carsem SZ union donated Covid-19 prevention material to SIP government, to support the front-line medical staff and community workers Malaysian Pa
Slide 31: Corporate social responsibility (CSR)
31 Corporate social responsibility (CSR) ASSISTING WIDER COMMUNITY Carsem M donated desktops, printer and office chairs to local Police JOM BANTU @ CARSEM M - an initiative to assist employees and their Station at Ipoh, Perak, Malaysia families that are financially affected due to the pandemic. Mala
Slide 32: Anti-bribery & anti-corruption
32 Anti-bribery & anti-corruption LEADING ETHICALLY & TRANSPARENTLY Renewed SIRIM certification for implementing Anti-Bribery Management Systems complying with ISO 37001:2016. Malaysian Pacific Industries Berhad
Slide 33: Table of Content
33 TABLE OF CONTENT 1 INTRODUCTION 2 C O R P O R AT E O V E R V I E W 3 BUSINESS OVERVIEW 4 S U S TA I N A B I L I T Y 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 34: Macroeconomic landscape
34 Macroeconomic landscape A CHALLENGING MACRO ENVIRONMENT Covid, lockdowns in China, geopolitical uncertainties, war, material price rises, delivery delays, forex fluctuations, travel restrictions, talent crunch! Malaysian Pacific Industries Berhad
Slide 35: Industry dynamics
35 Industry dynamics STERLING GROWTH, DRIVEN BY ROBUST FUNDAMENTALS MPI REVENUE (US$ million) and PATAMI (RM million) Rapid transition into EVs, AVs, 5G adoption, AI, and sensors is expected to catalyze long term growth YoY growth: FY22 vs. FY21 Revenue ~ 19%, PATAMI ~ 21% MPI continues strategic
Slide 36: Growth Strategy
36 Growth Strategy OUR LONG TERM VISION IS TO BE THE LEADING OSAT FOR AUTOMOTIVE, DRIVEN BY 4 STRATEGY TENETS Sales Technology • Strategic sales across application & • Investing in SiC, MEMS sensors, GaN, 5G testing geography segments • Advanced packaging – inorganic options for • Sharp sales pipeli
Slide 37: Sales: target segments to play in
37 Sales – Target segments to play in MPI MADE A STRATEGIC MOVE TOWARDS UPCOMING TECHNOLOGIES Continued investments in complex packaging technologies Customized sensors used for SiC adoption in EVs is gaining 5G technology has a bright future – it monitoring several data points – momentum – Experien
Slide 38: Sales: revenue composition
38 Sales – Revenue composition AUTO REMAINS STRATEGIC – GROWN FROM ~29% IN FY18 TO 38% OF OUR SALES NOW AUTOMOTIVE CONSUMER & COMMUNICATIONS • 5G and IoT are unlocking multitude of use • Long term growth is driven by cases – smart cities, healthcare, etc. electrification, ADAS/ AD, safety, and • Sem
Slide 39: Sales: customer relations
39 Sales – Customer relations CONTINUOUS INVESTMENT IN CUSTOMER RELATIONS; POTENTIAL FOR FURTHER EXPANSION IN US & EU Automotive Industrial Consumer NORTH AMERICA ASIA Driving applications Driving applications EUROPE S. KOREA Driving applications SUZHOU, CHINA JAPAN CARSEM TAIWAN IPOH, MALAYSIA PENA
Slide 40: Sales: pipeline
40 Sales – Pipeline HEALTHY PIPELINE BUT RECESSIONARY RISKS HAVE PUSHED PROJECTS TO FUTURE QUARTERS NEW PROJECT INTRODUCTIONS (#) • Carsem has a healthy order book with major projects coming from the Automotive segment • Ease of travel has helped Carsem team & customers indulge in physical meetings,
Slide 41: Sales: competitive advantages
41 Sales – Competitive advantages UNREPLICABLE NO DEBT, QUALITY STANDARDS SUBSTANTIAL CASH & ADVANCED R&D INFRASTRUCTURE PROFITABLE OFFERINGS IN COMPANY GROWTH AREAS INVESTMENT IN 49 YEARS IN SERVICE AUTOMATION Carsem’s competitive advantages Malaysian Pacific Industries Berhad
Slide 42: Technology: automotive segment
42 Technology – Automotive segment INNOVATING IN LINE WITH STRATEGY TO BE GLOBALLY PREFERRED OSAT PARTNER FOR AUTOMOTIVE Major trends impacting semiconductor demand (Mobility disruptions) Electrification Autonomy Connectivity Novel battery technologies, growth of electrical Surge in autonomous drivi
Slide 43: Technology: industrial segment
43 Technology – Industrial segment EXPANDING PORTFOLIO ALIGNED WITH TRENDS IN ADVANCED PACKAGING & TESTING FOR POWER Major trends impacting semiconductor demand Industry 4.0 Big Data Higher performing devices with greater functionality driving models that More servers with high power & high efficien
Slide 44: Technology: consumer/communications segment
44 Technology – Consumer/ communications segment TAPPING INTO THE 5G REVOLUTION THROUGH ROBUST CUSTOM OFFERINGS Major trends impacting semiconductor demand 5G IoT High data rates, massive connectivity and ultra-low latency, catalyzing Need for combining functionalities – security, connectivity & mic
Slide 45: Technology: SiC and GaN technologies
45 Technology–Immediate focus SiC and GaN TECHNOLOGIES • Rapid growth is projected on the back of a surging adoption for SiC and GaN power devices in line with the global drive for electrification and sustainability • SiC and GaN are fit for applications that require high power and frequency as they
Slide 46: SiC: unlocking RF & power applications
46 Technology–Immediate focus SiC - UNLOCKING RF & POWER APPLICATIONS Module packaging development with SiC for automotive CARSEM Benefits of SiC over previous gen materials Custom packaging design – I N N O VAT I O N T O Wider bandgap, improved energy conversion using thermal & stress simulat
Slide 47: GaN: catalysing change in power electronics
47 Technology – Immediate focus GaN – CATALYSING CHANGE IN POWER ELECTRONICS GaN is a wide bandgap material that is becoming Carsem R&D focuses on power essential in some applications where Silicon has hit management solutions across its physical limits as a power conversion platform the spectrum (l
Slide 48: GaN for RF applications: 5G base stations
48 Technology – Immediate focus GaN FOR RADIO FREQUENCY (RF) APPLICATIONS – 5G BASE STATIONS Significant growth is projected for front end modules (FEM) in the next 8 years Carsem spent US$ 12Mil for 5G RF FEM. Carsem Suzhou already has experience in FEM for 4G and now progressing with extensive R
Slide 49: Technology: 5G testing
49 Technology – Future focus 5G TESTING Carsem Suzhou has been working extensively on 5G test 5G – Next Generation of mobile broadband technology development CSZ is working with 10+ customers for 5G device testing Over US$ 5Mil investment in 2021 in buying testing machines as they are completely
Slide 50: Technology: modules
50 Technology – Future focus MODULES Entirely new SMT Line 3D X - Ray C - Mold CARSEM SUZHOU Invested in dedicated machines for FEM module line. Machines have come in and finished setting up Design is under R&D and getting evaluated by customers Production began at small scale, amidst the rela
Slide 51: Technology: Carsem technology center
51 Technology – Carsem technology center DEDICATED TECHNOLOGY CENTER TO DRIVE INNOVATION & TECHNOLOGY DEVELOPMENT CARSEM TECHNOLOGY CENTER (CTC) – 4M APPROACH TO R&D MATERIAL METHODOLOGY • Materials lab, • Process development • Design & Simulation • Total 75 active patents MACHINE MAN (HUMAN CAPITAL
Slide 52: Quality & productivity focus: automation & Industry 4.0
52 Quality & productivity focus INVESTING IN AUTOMATION & INDUSTRY4.0 TO ACHIEVE ZERO DEFECTS & HIGH PRODUCTIVITY GOALS End Game – Smart factory MPI CAPEX (RM million) Impact State of the art advanced facilities, towards lean manufacturing Highly automated line 5G testing Lights-off factory with min
Slide 53: Quality certifications
53 Quality & productivity focus CERTIFIED ON INDUSTRY’S LEADING PERFORMANCE PARAMETERS ESD Control ISO 14001:2015 Applicable to Design, Assembly, Testing Environmental Management System & Finishing of semiconductor implemented in compliance component IATF 16949:2016 Sony Green Partner Program Design
Slide 54: People: our employees
54 People – Our employees EMPLOYEE ENGAGEMENT ACTIVITIES Hostel Gotong Royong week – Carsem M management, hostel occupants and hostel management team participated in cleaning up of the hostel surroundings Career fair @ Carsem M – biggest ever career carnival Sports and team building @ Carsem SZ orga
Slide 55: Awards and recognitions
55 Awards and recognitions QUALITY & PEOPLE BEST SUPPLIER AWARDS received during FY22 RF Module RF Switch/LNA/FEM Module TVS, LDO in phones, security High pin count RF Module 5G Saw Filter Radar Sensor, in 5G phones, 2021 & consumer products, 2021 MLP(QFN/DFN), 2021 for WIFI6, 2021 2021 EPIC MEMS, M
Slide 56: Awards and recognitions
56 Awards and recognitions QUALITY & PEOPLE MORE AWARDS received during FY22 RF power devices PMIC MLP Roadmap supplier for QFN/ DFN Wolfspeed Allegro Texas Instruments Malaysian Pacific Industries Berhad
Slide 57: Awards and recognitions
57 Awards and recognitions QUALITY & PEOPLE Malaysia Enterprise Innovation Award (Digital) Supplier Excellence Award AIBP Global Suzhou Good-Ark Electronics Carsem is the ONLY company from semiconductor industry to win this award; among the 2 companies in MY that won Malaysian Pacific Industries Ber
Slide 58: Table of Content
58 TABLE OF CONTENT 1 INTRODUCTION 2 C O R P O R AT E O V E R V I E W 3 BUSINESS OVERVIEW 4 S U S TA I N A B I L I T Y 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 59: Financial highlights: FY22 snapshot
59 Financial highlights FY22 SNAPSHOT REVENUE Despite the challenges & market instability, FY22 has grown by 19% (US) & 22% (RM) vs. corresponding FY21 PATAMI Spending meticulously resulted in higher margins, FY22 PATAMI grew by 21% compared to FY21 EPS FY22 cumulative EPS at 165.62 sen against 137.
Slide 60: Key financials: group results at a glance
60 Key financials MPI GROUP RESULTS AT A GLANCE Q4 FY22 Q3 FY22 Q4 FY21 Q4 vs Q3 Q4 vs Q4 FY22 FY21 YoY RM mil RM mil RM mil % % RM mil RM mil % Revenue 612.0 611.6 537.3 0.1% 14% 2,416.1 1,988.5 22% PAT 93.0 95.9 89.5 -3% 4% 384.9 325.5 18% PATAMI 80.5 81.4 75.1 -1% 7% 328.9 271.8 21% EPS (sen) 40.
Slide 61: Key financials: revenue and PAT highlights
61 Key financials MPI BELIEVES IN LOOKING AT LONGER PERIODS OF INCREASE IN TOPLINE & BOTTOMLINE MPI Revenue and PAT Highlights Q4 – April-June 8% YoY Equity-Debt ratio CAPEX (RM mil) 100:0 730 4% YoY as of FY22 FY22 (47% growth vs. FY21) • Constrained growth especially in Q4 FY22 due to lockdown in
Slide 62: Cash: strong net cash position
62 Cash STRONG NET CASH POSITION LENDS IMMENSE STABILITY IN TRYING TIMES NET CASH (RM million) position remained healthy with 47% higher CAPEX during FY22 vs. FY21 284 387 444 547 573 644 677 689 713 761 798 809 826 943 918 927 902 914 890 849 772 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Sep-18 Dec-18 Mar
Slide 63: Investments: strategic investments in sensors, 5G testing, SiC/GaN
63 Investments CONTINUING STRATEGIC INVESTMENTS FOCUSING ON SENSORS, 5G TESTING & SiC/ GaN • Installing new machines for capacity expansion SZ CARSEM SITES • Hiring more people across the globe to support 5G TESTING business operations & sales • Investing in research & development to deliver latest
Slide 64: Investments: EBITDA vs capex
64 Investments SUSTAINED INVESTMENTS TO REALIZE LONG TERM BUSINESS ASPIRATIONS MPI EBITDA VS CAPEX (RM MIL) SOME KEY INVESTMENT AREAS DURING Q4 FY22 Production floor space extension Facilitization of factory connecting to existing production floor for production ramp Hall effect current sensor Used
Slide 65: Statement of Profit or Loss
65 Statement of Profit or Loss Q4FY22 Q4FY21 Changes RM '000 RM '000 % Revenue 612,035 537,341 14% Cost of sales (490,371) (438,544) 12% Gross profit 121,664 98,797 23% Operating expenses (29,189) (19,616) 49% Other operating income 7,926 17,664 -55% Profit from operation 100,401 96,845 4% Interest
Slide 66: Statement of Financial Position
66 Statement of Financial Position 30/06/2022 30/06/2021 RM'000 RM'000 Non-current assets Property, plant and equipment 1,511,323 1,051,200 Right-of-use assets 52,285 38,844 Investment properties 27,897 28,790 Investments 46 46 1,591,551 1,118,880 Current Assets Inventories 206,279 170,226 Trade and
Slide 67: Statement of Financial Position
67 Statement of Financial Position 30/06/2022 30/06/2021 RM'000 RM'000 Equity Share Capital 352,373 352,373 Reserves 1,811,656 1,509,133 Treasury shares (163,816) (163,816) 2,000,213 1,697,690 Non-controlling interests 321,568 287,045 2,321,781 1,984,735 Non-current liabilities Borrowings (unsecured
Slide 68: Summary
68 Summary MPI recorded a high double digit growth in revenue (19%) & PATAMI (21%) in FY22 compared against FY21 MPI has a healthy order book despite the ongoing externalities that are affecting all industries Carsem continues to invest in SiC & GaN technologies, 5G testing, MEMS sensors to grab the
Slide 69: Thank You
69 Thank You Malaysian Pacific Industries Berhad
Malaysian Pacific Industries Berhad — Q4 2022 Earnings Presentation on 6ix