Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q1 2018 Earnings Presentation
16 slides from Malaysian Resources Corp. Bhd's earnings presentation, Mar 31, 2018
Slide 1: Analyst Briefing
Analyst Briefing QUARTER ENDED 31 March 2018 www.mrcb.com
Slide 2: Table of Contents
Table of Contents 1 MRCB Group Overview …………………………………………………………………………………………… 3 2 YTD 2018 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 Q1 FY2018 Overview MRCB Segment Overview Property Engineering & Others Revenue PBT Development Construction RM 428 mn RM 31 mn 18% y-o-y 13% y-o-y Revenue RM mn 220 191 16 37% y-o-y PAT Net Gearing Revenue RM 26 mn Contribution to 52% 45% 3% 38% y-o-y 0.58 x Group Segment
Slide 4: YTD 2018 Highlights
2. YTD 2018 Highlights Revenue (RM mn) Operating Profit (RM mn) PBT (RM mn) EPS (sen) 18% 62% 13% 23% 520 0.49 428 63 0.40 31 24 27 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Key Highlights • Higher revenue recognised in Q1’17 mainly due to construction revenue derived from KL S
Slide 5: Financial Performance – Profit & Loss
3. Financial Performance – Profit & Loss Y-o-Y Y-o-Y Profit & Loss (RM' Million) Q1 2018 Q1 2017 YTD 2018 YTD 2017 Growth % Growth % Revenue 428 520 (17.7)% 428 520 (17.7)% Other Operating Income 16 17 (7.6)% 16 17 (7.6)% Total Revenue 443 537 (17.4)% 443 537 (17.4)% Operating Expenses (419) (474) (
Slide 6: Financial Performance – Quarterly Analysis
3. Financial Performance – Quarterly Analysis Revenue Operating Profit and Margin 1130 116 725 87 63 30.8% 520 65 428 12.1% 24 378 8.6% 7.9% 5.6% Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 PAT and Margin EPS (sen) 98 4.50 26.0% 33 26 19 26 1.39 3.0% 6.1% 1.10 3.6% 3.4% 0.49 0.40 Q1'
Slide 7: Financial Performance – Balance Sheet
3. Financial Performance – Balance Sheet RM' Million Q1 2018 Q4 2017 NAV Per Share (sen) Total Assets 136.8 137.8 136.5 Current Assets 6,057 5,972 109.8 110.3 Non-Current Assets 4,390 4,339 Total Assets 10,448 10,311 Total Liabilities Current Liabilities 3,872 4,005 Non-Current Liabilities 1,635 1,3
Slide 8: Financial Performance – Borrowings
3. Financial Performance – Borrowings Leverage Profile (RM mn) Q1 2018 Q4 2017 Net Debt and Gearing Debt Short Term Borrowings 2,459 2,491 1.10x Long Term Borrowings 1,136 891 0.96x HP creditors 3 2 0.9x 3,403 0.58x Total Debt 3,598 3,384 0.53x 2,997 2,879 2,761 Less: Cash and Cash Equivalents 716 7
Slide 9: Financial Performance – Reduction in Borrowings
3. Financial Performance – Reduction in Borrowings EPF to subscribe in Dispose Dispose Dispose RM million Q1 2018 the Bkt Jalil Project EDL Ascott Celcom Bank Borrowings 2,536 1,398 1,398 1,398 1,398 EDL Financing 1,059 1,059 - - - Total Borrowings 3,595 2,457 1,398 1,398 1,398 Cash & Bank Balances
Slide 10: Segmental Reporting: Overview
4. Segmental Reporting: Overview Revenue Trend – RM428 mn Revenue Contribution Analysis 3% E&C 520 428 191 231 220 238 Property 45% Development 16 52 52% Others** Q1’18 Q1’17 Q1’18 Q1’17 Q1’18 Q1’17 Q1’18 Q1’17 Group E&C Property Others** Development Segmental Profit Trend – RM27 mn Profit Contribut
Slide 11: Segmental Reporting: Property Development & Investment
5. Segmental Reporting: Property Development & Investment Y-o-Y Y-o-Y RM' Million Q1 2018 Q1 2017 YTD 2018 YTD 2017 Growth % Growth % Revenue 220 238 (7.2)% 220 238 (7.2)% Segmental Profit 24 48 (49.5)% 24 48 (49.5)% Margin (%) 10.9% 20.1% 10.9% 20.1% Segmental Profit and Margin Performance Discussi
Slide 12: Segmental Reporting: Property Development Projects
5. Segmental Reporting: Property Development Projects Total sales of RM101 mn in Q1 2018 Property Sales YTD 2018 – RM101 mn Unbilled Sales – RM1,597 mn Project / Sales (RM' mn) GDV % Sales YTD 2018 Unbilled Project / Sales (RM' mn) Completion YTD 2018 Sales Residential Residential 1060 Carnegie 305
Slide 13: Segmental Reporting: Property Development Projects
5. Segmental Reporting: Property Development Projects Land Size GDV Start Completion % Stake (Acres) RM' mn Date Date Transport Oriented Developments KL Sentral: Sentral Residences 2.35 1,438 51% 2011 2017 KL Sentral: Lot F 5.70 2,993 74% 2018 2025 PJ Sentral Garden City 11.91 2,619 100% 2013 2022 P
Slide 14: Segmental Reporting: Engineering, Construction & Environment
6. Segmental Reporting: Engineering, Construction & Environment Y-o-Y Y-o-Y RM' Million Q1 2018 Q1 2017 YTD 2018 YTD 2017 Growth % Growth % Revenue 191 231 (17.4)% 191 231 (17.4)% Segmental Profit 16 1 1176.2% 16 1 1176.2% Margin (%) 8.4% 0.5% 8.4% 0.5% Segmental Profit and Margin Performance Discus
Slide 15: Unbilled External Order Book
6. Segmental Reporting: Engineering, Construction & Environment Unbilled External Order Book – RM4,946 mn RM'mil Contract Value Completion Buildings: External Order Book Analysis Johor Land Tower 184 90% Aman Desaru 139 95% Environment Desaru Convention Centre 60 75% 3% Desa Desaru 223 70% Westin De
Slide 16: Malaysian Resources Corporation Berhad
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 — Q1 2018 Earnings Presentation on 6ix