Megawide Construction Corporation · PSE:MWIDE

Megawide Construction — FY2022 and 1Q2023 Earnings Presentation

34 slides from Megawide Construction's earnings presentation, May 24, 2023

  1. Slide 1: Megawide Construction Corp. FY2022 and 1Q2023 Financial Results

    Megawide Construction Corp. FY2022 and 1Q2023 Financial Results 24 May 2023

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Megawide Construction Corporation (the “Company”). This presentation, as well as discussio

  3. Slide 3: Outline

    1.0 Financial Highlights 2.0 EPC and PCS Outline 3.0 Landport Operations 4.0 Key Developments 5.0 Open Forum

  4. Slide 4: Financial Highlights

    FINANCIAL HIGHLIGHTS

  5. Slide 5: FY2022 Consolidated Income Statement

    FY2022 CONSOLIDATED INCOME STATEMENT In PhP M FY2022 FY2021 % Revenues 14,841.65 15,044.50 -1.3% • Low landport occupancy Construction Operation Revenues 14,583.32 14,329.46 1.8% Landport Operations Revenue 258.32 715.03 -63.9% • PFRS adjustment Direct Costs 12,921.88 12,500.17 3.4% Cost Of Construc

  6. Slide 6: 1Q2023 Consolidated Income Statement

    1Q2023 CONSOLIDATED INCOME STATEMENT In PhP M 1Q2023 1Q2022 % Revenues 4,356.51 3,922.54 11.1% Construction Operation Revenues 4,266.35 3,791.77 12.5% • Steady construction completion Landport Operations Revenue 90.16 130.77 -31.1% • PFRS adjustment Direct Costs 3,954.30 3,265.65 21.1% Cost Of Const

  7. Slide 7: Margin Performance

    MARGIN PERFORMANCE 1Q2023 1Q2022 FY2022 FY2021 Gross Profit Margin 9% 18% 13% 18% Construction 9% 16% 14% 15% • Lower margin, long-term contracts Terminal Operations - 47% - 56% • Variation order cost in 1Q23 EBITDA Margin 14% 19% 12% 19% Construction 13% 19% 11% 18% Terminal Operations 62% 65% 28%

  8. Slide 8: Balance Sheet Highlights

    BALANCE SHEET HIGHLIGHTS As of 31-Mar-23 31-Dec-22 31-Dec-21 ASSETS Cash & financial assets 12,475.3 15,758.2 5,846.1 • Proceeds from monetization Trade receivables 18,028.1 18,361.0 16,970.6 Other Current Assets 20,320.6 19,675.5 16,955.8 Total Current Assets 50,824.1 53,794.7 39,772.5 Concession a

  9. Slide 9: EPC: Pivoting to infrastructure and cycle-resiliency

    EPC: Pivoting to infrastructure and cycle-resiliency

  10. Slide 10: Stable Revenue Generation (FY2022)

    STABLE REVENUE GENERATION FY2022 BREAKDOWN ANNUAL REVENUES (Php M) PCS 7% 14,329 14,584 10,842 EPC 93% 2020 2021 2022 10

  11. Slide 11: Stable Revenue Generation (1Q2023)

    STABLE REVENUE GENERATION 1Q2023 BREAKDOWN QUARTERLY PERFORMANCE (PhP M) PCS 10% 4,267 4,265 3,799 3,792 3,773 3,572 3,563 3,430 3,421 3,280 3,247 2,551 EPC 90% 1,062 1Q20 2Q20 3Q20 4Q20* 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 11

  12. Slide 12: Healthy and More Balanced Order Book

    HEALTHY AND MORE BALANCED ORDER BOOK ORDER BACKLOG SEGMENT Order Book (PhP B) No. of Projects Residential, 31% Office, Commercial and 68.4 Industrial, 44% 50 60.0 37 41 56.0 50.1 52.4 52.6 39.1 43 38.5 32.6 30 21 21 22 22 Infra and Facilities, 25% 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 % COMPL

  13. Slide 13: Suncity West Side City (P23B)

    SUNCITY WEST SIDE CITY (P23B)

  14. Slide 14: Malolos Clark Railway Project (P8B)

    MALOLOS CLARK RAILWAY PROJECT (P8B) 14

  15. Slide 15: Metro Manila Subway System (P5B)

    METRO MANILA SUBWAY SYSTEM (P5B)

  16. Slide 16: PCS Supply and Build Contracts (P2.5B)

    PCS SUPPLY AND BUILD CONTRACTS (P2.5B) Magalang, Pampanga (1,079) • 3 New Locations: Naic, Cavite; Baliuag, Bulacan; Tayabas, Quezon • Total: 11 Sites; ~19K units Megawide Ind’l Complex, Taytay Baliuag, Bulacan (1,550) San Pablo, Laguna (1,623) Pandi, Bulacan (1,591) Calamba, Laguna (1,494) Tanza, C

  17. Slide 17: Landport Operations

    Landport Operations

  18. Slide 18: Resilient Commercial Segment (FY2022)

    RESILIENT COMMERCIAL SEGMENT FY2022 BREAKDOWN ANNUAL REVENUE (Pmn) Others 84.0 Commercial PFRS 16 Office 675.0 Office -32% 33% 92.2 494.5 87.4 164.7 Others 243.0 12% Retail 23% 2020 2021 2022 18

  19. Slide 19: Resilient Commercial Segment (1Q2023)

    RESILIENT COMMERCIAL SEGMENT 1Q2023 BREAKDOWN QUARTERLY REVENUE (Php M) PFRS 16 -15% 23 Office 30% Others 14% 30 20 194 19 45 19 33 61 116 25 52 102 82 71 Retail 53 64 55 38 41% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Office Commercial Others 19

  20. Slide 20: Increased Passenger Spending

    INCREASED PASSENGER SPENDING AVERAGE DAILY FOOT TRAFFIC (‘000) 147 133 123 116 117 80 97 • 2022 average foot traffic reached 52 51 107K/daily 26 28 • 1Q2023 average maintained above Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 100k/daily MONTHLY COMMERCIAL SALES (Pmn) 110 • Monthly

  21. Slide 21: Fresh Retail Offerings

    FRESH RETAIL OFFERINGS ao 2-4 PARANAQUE INTEGRATED TERMINAL EXCHANGE BANH Mi => lKITCHEN

  22. Slide 22: Occupancy Steadily Improving

    OCCUPANCY STEADILY IMPROVING QUARTERLY COMMERCIAL OCCUPANCY 78% • Commercial area occupancy steady at ~80% 80% 81% 84% 84% 70% 75% 75% 75% 75% 75% 75% 78% 65% 68% 69% • Higher value offerings push Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 average passenger spend up QUARTERLY OFFICE OCC

  23. Slide 23: Key Developments

    Key Developments

  24. Slide 24: The Barracks

    & - 2 : THE BARRACKS —— a | eee HAWKER CENTER i a4 ala | ToT — fi MEGAWIDE Engineering A First-World Philippines

  25. Slide 25: ~ ee of &

    ~ ee of & —— ' _ i x CARBON ©) HAWKER CENTER Bee

  26. Slide 26: The Barracks

    ae gy > * THE BARRACKS) fi MEGAWIDE Engineering A First-World Philippines

  27. Slide 27: Engineering A First-World Philippines

    Engineering A First-World Philippines

  28. Slide 28: Cebu2World

    CEBU2WORLD fil MEGAWIDE

  29. Slide 29: Data Center

    Data Center

  30. Slide 30: Growth Drivers for Digital Infrastructure

    GROWTH DRIVERS FOR DIGITAL INFRASTRUCTURE DIGITAL DATA CENTER DEMOGRAPHICS CONSUMPTION EXPANSION Source: Santos / Knight & Frank

  31. Slide 31: Philippines as an Emerging Location

    PHILIPPINES AS AN EMERGING LOCATION Strong Increasing Growing online Availability Renewable Rich government 5G consumer of suitable energy push engineering/ support connectivity market land IT talent pool Source: Santos / Knight & Frank

  32. Slide 32: Signed Shareholders' Agreement with Partner Operator Evolution Data Centers

    STRENGTHENING THE CARRIER-NEUTRAL PLAY SIGNED SHAREHOLDERS’ AGREEMENT WITH PARTNER OPERATOR - EVOLUTION DATA CENTERS, INC. (EDC) ON FEBRUARY 28, 2023 SCOPE / CAPEX TIMETABLE LOCATION / NATURE ➢ US$300M / 69MW ➢ Construction to start 2023 ➢ 4-hectare property ➢ Construction of structure ➢ Phase 1 (23

  33. Slide 33: Open Forum

    OPEN FORUM

  34. Slide 34: Thank you

    hil MEGAWIDE <oanwe Philippines Thank you Contact us

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