Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q3 2022 Earnings Presentation
21 slides from Malaysian Resources Corp. Bhd's earnings presentation, Sep 30, 2022
Slide 1: Analyst Briefing: Quarter Ended 30 September 2022
ANALYST BRIEFING Quarter Ended 30 September 2022 SN i wom 42 n puteh’s Promenade Boulevard
Slide 2: MRCB's ESG Performance
MRCB’s ESG Performance We remain steadfast in our commitment towards… Climate Change & the Environment Good Corporate Governance Social Responsibility Target: Best-In-Class Practices & Target: World Class Work Practices & Target: Net Zero Carbon* by 2040 Disclosures Community Development • • • • • •
Slide 3: MRCB Financial Summary
MRCB Financial Summary MRCB 9M FY2022 Overview MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others Development Construction RM 2,371 mil. RM 117 mil. 302% y-o-y 286% y-o-y Revenue 37% y-o-y RM mil. 653 1,675 43 Profit After Tax Net Gearing RM 40 mil. 160% y-o-y 0.37x Revenu
Slide 4: Key Highlights
Key Highlights Revenue Operating Profit PBT EPS (RM mil.) (RM mil.) (RM mil.) (sen) 302% 709% 286% 187% 117 2,371 185 1.16 (63) (1.34) 590 (30) YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 • The higher Revenue and Profit in 9MFY2022 was mainly due to more normalised operat
Slide 5: Financial Performance
Financial Performance Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 860 138 >100% 2,371 590 >100% Other Operating Income 6 9 (37.6)% 41 27 54.9% Total Revenue 866 147 >100% 2,412 617 >100% Operating Expenses 787 164 >100% 2,228 647 >100% Operating Profit/(Lo
Slide 6: Financial Performance
Financial Performance Revenue Operating Profit and Margin 858 811 860 17.4% 700 149 9.2% 6.5% 7.7% 79 52 54 138 (12.0)% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'21 (17) Q4'21 Q1'22 Q2'22 Q3'22 PBT and Margin EPS (sen) 124 1.68 4.0% 6.6% 14.4% 3.9% 57 0.53 32 0.31 0.32 28 (21.8)% Q3'21 Q4'21 Q1'22 Q2'22 Q3'2
Slide 7: Financial Performance
Financial Performance RM Million 30 Sept 2022 31 Dec 2021 NAV Per Share* (sen) Total Assets 101.0 101.3 101.1 Current Assets 3,721 3,651 100.6 Non-Current Assets 5,608 5,554 99.5 Total Assets 9,329 9,205 Total Liabilities Current Liabilities 2,764 2,451 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Non-Current Liab
Slide 8: Financial Performance
Financial Performance Leverage Profile (RM Million) 30 Sept 2022 31 Dec 2021 Net Debt and Gearing Debt 0.37x Short Term Borrowings 889 479 0.29x 0.30x Long Term Borrowings 1,267 1,453 1,671 0.28x 0.29x Total Debt 2,156 1,932 1,295 1,252 1,306 Less: Deposits, cash and bank balances 373 579 1,344 Othe
Slide 9: Segmental Reporting
Segmental Reporting Revenue Split – RM2,371 mil. Revenue Contribution Analysis 2,371 1% E&C 9M 2021 1,675 9M 2022 28% Property 590 653 Development 206 346 38 43 Others** 71% Group E&C Property Others** Development Segmental Profit Split – RM182 mil. 182 9M 2021 125 9M 2022 61 18 (52) 1 (4) (33) Grou
Slide 10: Segmental Reporting
Segmental Reporting Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 322 71 >100% 653 346 89% Profit 81 1 >100% 125 18 >100% Margin* (%) 25.3% 1.6% 19.1% 5.1% Profit and Margin Performance Discussion Contributed 28% of Group revenue, largely from Sentral Suites
Slide 11: Property Sales of RM342.2 Million
Segmental Reporting Property Sales of RM342.2 Million Total Project GDV % Sales Achieved* as at Project Sales** Breakdown YTD 2022 (RM’mil) (RM’mil) 30 Sept 2022 Completed Projects Sentral Residences 1,439 100% 9.5 VIVO 9 Seputeh – Residential 982 84% 5.1 VIVO 9 Seputeh - Commercial 188 88% 165.1 56
Slide 12: Total Unbilled Sales of RM624.0 Million
Segmental Reporting Total Unbilled Sales of RM624.0 Million Breakdown of Unbilled Sales Revenue Recognised* Sentral Suites (Residential) In FY2022 Unbilled Sales Sentral Suites (Retail) Project Construction Progress (RM’mil) (RM’mil) TRIA Residential 3% 29% Sentral Suites 81.2% 220.6 374.8 97% TRIA
Slide 13: What We Have To Sell: RM0.7 Billion
Segmental Reporting What We Have To Sell: RM0.7 Billion (by Gross Development Cost) Unsold Projects Under Completed Unsold Units Total Construction RM451.2 mil. RM269.0 mil. RM720.2 mil. Breakdown of Completed Unsold Units (RM’ mil.) 150.5 Projects Under Construction 87.3 RM 451.2 mil. 63% 13.9 4.4
Slide 14: Property Projects in the Pipeline – RM4.7 Billion
Segmental Reporting Property Projects in the Pipeline – RM4.7 Billion 2022 Launches Expected Launch* GDV (RM’mil) Units SIDEC, Phase 2D2 (Lilium) Launched in 2Q 29 90 double storey houses Total 2022 RM29 mil 90 units 2023 Launches VISTA, Surfer’s Paradise, Gold Coast 1Q ~900 (AUD296) 280 Kwasa Sentr
Slide 15: Segmental Reporting
Segmental Reporting Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 523 50 >100% 1,675 206 >100% Profit 6 (19) >100% 61 (52) >100% Margin* (%) 1.1% (37.3)% 3.7% (25.0)% Profit and Margin Performance Discussion Contributed 71% of Group Revenue, largely from: LR
Slide 16: Unbilled External Order Book – RM17,898 mil.
Segmental Reporting Unbilled External Order Book – RM17,898 mil.1 as at 30 Sept 2022 Contract Value Progress 2 External Order Book Analysis External Contracts (RM Million) Fee-based Buildings: 5% PR1MA Brickfields 276 36% FINAS 170 12% Infra Buildings 45% 2% Infrastructure: SUKE - CA2 Package 317 82
Slide 17: MRCB's Strategy
MRCB’s Strategy • • • • • • • • 17 17
Slide 18: Ipoh Raya Integrated Park
Ipoh Raya Integrated Park 810.57 acres Mukim of Sungai Raya, District of Kinta, State of Perak Sustainable integrated logistics hub 2022 HIGHWAY STATE/ FEDERAL ROUTE EXISTING ACCESS ‘TRANSMISSION UNE RIVER
Slide 19: VISTA, Surfers Paradise, Gold Coast
VISTA, Surfers Paradise, Gold Coast • • • 19
Slide 20: The Symphony Centre, Auckland City Center
The Symphony Centre, Auckland City Center • • 20
Slide 21: Kwasa Sentral artist's impression and contact details
An artist's impression of Kwasa Sentral (GDV RMI million) MALAYSIAN RESOURCES CORPORATION BERHAD (7994-D) Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 / 603 28597070 Fax: 603 2780 7988 www.mreb.com Ei MRCBGroup
Malaysian Resources Corporation Berhad — Q3 2022 Earnings Presentation on 6ix