Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q2 2022 Earnings Presentation
20 slides from Malaysian Resources Corp. Bhd's earnings presentation, Jun 30, 2022
Slide 1: Analyst Briefing Quarter Ended 30 June 2022
ANALYST BRIEFING Quarter Ended 30 June 2022 t of _ FTSE4GOOD Bursa Malaysia Index Des BG otaulalth 9 Seputeh’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 1H FY2022 Overview MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others Development Construction RM 1,511 mil. RM 60 mil. 234% y-o-y 284% y-o-y Revenue 37% y-o-y RM mil. 332 1,152 27 Profit After Tax Net Gearing RM 25 mil. 170% y-o-y 0.30x Revenue
Slide 4: Key Highlights
Key Highlights Revenue Operating Profit PBT EPS (RM mil.) (RM mil.) (RM mil.) (sen) 234% 867% 284% 203% 1,511 106 0.63 60 452 (0.61) (14) (33) 1H2021 1H2022 1H2021 1H2022 1H2021 1H2022 1H2021 1H2022 • The higher Revenue and Profit in 1HFY2022 vs 1HFY2021 was mainly due to more normalised operations
Slide 5: Financial Performance
Financial Performance Q2 (3M) 1H (6M) Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 700 226 >100% 1,511 452 >100% Other Operating Income 28 8 >100% 35 17 >100% Total Revenue 728 234 >100% 1,547 470 >100% Operating Expenses 675 263 >100% 1,441 483 >100% Operating Profit
Slide 6: Financial Performance
Financial Performance Revenue Operating Profit and Margin 858 811 700 17.4% 149 6.5% 7.7% 226 52 54 138 -12.7% (12.0)% Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 (29) (17) PBT and Margin EPS (sen) 21.8% 124 1.68 14.4% 3.9% 28 32 0.31 0.32 (16.9)% 4.0% Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q
Slide 7: Financial Performance
Financial Performance RM Million 30 June 2022 31 Dec 2021 NAV Per Share* (sen) 101.5 Total Assets 101.0 101.3 Current Assets 3,613 3,651 100.6 Non-Current Assets 5,626 5,554 99.5 Total Assets 9,239 9,205 Total Liabilities Current Liabilities 2,493 2,451 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Non-Current Liab
Slide 8: Financial Performance
Financial Performance Leverage Profile (RM Million) 30 June 2022 31 Dec 2021 Net Debt and Gearing Debt 0.30x 0.31 0.29x 0.29x Short Term Borrowings 574 479 0.29x 0.3 Long Term Borrowings 1,465 1,453 0.28x 1,342 0.29 0.28 Total Debt 2,039 1,932 1,310 0.27 1,293 0.26 0.25 Less: Deposits, cash and bank
Slide 9: Segmental Reporting
Segmental Reporting Revenue Split – RM1,511 mil. Revenue Contribution Analysis 2% 1,511 1H2021 E&C 1,152 1H2022 22% Property 452 Development 275 332 156 21 27 Others** Group E&C Property Others** 76% Development Segmental Profit Split – RM103 mil. 1H2021 103 1H2022 56 43 16 (17) (33) 4 (0) Group E&C
Slide 10: Segmental Reporting
Segmental Reporting Q2 (3M) 1H Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 145 143 1.8% 332 275 20.7% Profit 22 3 >100% 43 16 >100% Margin* (%) 15.3% 2.3% 13.0% 6.0% Profit and Margin Performance Discussion Contributed 22% of Group revenue, largely from Sentral Suite
Slide 11: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Property Sales of RM250.1 Million Total Project GDV % Sales Achieved* as at Project Sales** Breakdown YTD 2022 (RM’mil) (RM’mil) 30 June 2022 Completed Projects Sentral Residences 1,439 100% 9.5 VIVO 9 Seputeh – Residential 982 84% 3.8 VIVO 9 Seputeh - Commercial
Slide 12: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Total Unbilled Sales of RM706.7 Million Breakdown of Unbilled Sales Revenue Recognised* In FY2022 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 26% Sentral Suites 75.2% 149.0 464.7 100% TRIA 9 Se
Slide 13: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights What We Have To Sell: RM0.8 Billion (by Gross Development Cost) Unsold Projects Under Completed Unsold Units Total Construction RM459.1 mil. RM349.0 mil. RM808.1 mil. Total excluding unlaunched retail/office units in VIVO 9 Seputeh = RM206.5 mil. Breakdown of Com
Slide 14: Segmental Reporting
Segmental Reporting Q2 (3M) 1H Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 540 72 >100% 1,152 156 >100% Profit 30 (31) >100% 56 (33) >100% Margin* (%) 5.6% (43.5)% 4.8% (21.1)% Profit and Margin Performance Discussion 4.2% 5.6% Contributed 76% of Group Revenue, large
Slide 15: Key Highlights & Activities
Key Highlights & Activities Unbilled External Order Book – RM18,417 mil.1 as at 30 June 2022 Contract Value Progress 2 External Order Book Analysis External Contracts (RM Million) Environment Buildings: 1% PR1MA Brickfields 276 31% Fee-based 5% FINAS 170 12% Buildings Infrastructure: Infra 2% MRT2 V
Slide 16: MRCB's Strategy
MRCB’s Strategy • • • • • • • • 16 16
Slide 17: Ipoh Raya Integrated Park
Ipoh Raya Integrated Park 780.75 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 18: VISTA, Surfers Paradise, Gold Coast
VISTA, Surfers Paradise, Gold Coast • • • 18
Slide 19: The Symphony Centre, Auckland City Center
The Symphony Centre, Auckland City Center • • 19
Slide 20: An artist's impression of Kwasa Sentral
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 — Q2 2022 Earnings Presentation on 6ix