Megawide Construction Corporation · PSE:MWIDE

Megawide Construction — FY2017 Earnings Presentation

12 slides from Megawide Construction's earnings presentation, Apr 12, 2018

  1. Slide 1: FY 2017 Analysts' Briefing: Consolidated Income Statement

    12/04/2018 Megawide Construction Corporation FY 2017 Analysts’ Briefing 12 April 2018 CONSOLIDATED INCOME STATEMENT In Php M FY 2017 FY 2016 Mov’t % Remarks Total Revenues 19,159 17,658 1,501 9% Exceeded guidance at +6% Construction 16,713 17,786 926 6% Exceeded guidance at +5% Airport Operations 2,

  2. Slide 2: FY 2017 Financial Highlights and Margin Performance

    12/04/2018 FY 2017 FINANCIAL HIGHLIGHTS REVENUE EBITDA NET INCOME 12% 1% 38% 1% 2% 50% Construction Airport Merchandising 87% 61% 48% AIRPORT** CONSOLIDATED CONSTRUCTION +31% 2,446 +9% +6% 19,159 16,713 +31% 1,705 +28% 1,158 +12% +19% +7% 4,289 2,584 +17% 1,090 2,248 Revenue EBITDA Net Income Revenu

  3. Slide 3: Financial Position, Liquidity and Gearing Ratios

    12/04/2018 FINANCIAL POSITION In Php M 31-Dec-17 31-Dec-16 Movement % Change Cash & Financial Assets 8,140 10,938 (2,798) (26%) Other Current Assets 10,559 10,033 526 5% Total Current Assets 18,699 20,971 (2,272) (10%) Concession Assets 25,608 20,339 5,269 26% Total Non Current Assets 35,719 30,113

  4. Slide 4: Construction Operations

    12/04/2018 CONSTRUCTION OPERATIONS Construction Revenues +11% Revenue (in M Php) +6% Quarterly Revenues 18,585 19,000 2015 2016 2017 16,713 (in Php M) 32.0%GP Margin 15,786 Net Income Margin 13,958 14,000 5,478 -24% +31% +24% 10,880 +11%4,708 9,842 4,189 +40% 4,107 -33% 22.0% 4,146 4,272 4,270 -20%

  5. Slide 5: Construction Operations: Order Book and New Contracts

    12/04/2018 CONSTRUCTION OPERATIONS ORDER BOOK ORDER BOOK MIX FY17 Office & (in Php Bn) 39.06 38.49 Comm'l 21% 32.60 Infra 6% 22.63 20.30 18.80 Residential 73% 2012 2013 2014 2015 2016 2017 ORDER BOOK MIX FY16 Office & NEW CONTRACTS 37.73 (in Php Bn) Comm'l 28% 17.60 14.10 12.73 Infra 12.42 10.82 7%

  6. Slide 6: Airport Operations

    12/04/2018 AIRPORT OPERATIONS 193.0 Air Traffic 174.0 Passenger Traffic 30.4 (in ‘000) 39.4 (In Million) Domestic Int'l 152.2 26.2 10.2 36.1 Domestic Int'l 125.2 130.6 32.0 21.7 9.0 119.4 112.1 116.3 105.3 27.8 28.0 17.5 7.5 86.6 25.0 26.5 27.7 15.3 16.3 24.5 14.0 6.0 72.6 12.7 5.7 65.0 21.3 153.6 1

  7. Slide 7: Airport Operations: EBITDA, Net Income, Passenger Mix

    12/04/2018 AIRPORT OPERATIONS Quarterly EBITDA 2015 2016 2017 AIRPORT EBITDA 71% (in Php M) +23% In Php M +28% 25% +36% 433 420 +20% 399 70% +26% 389 +42% 368 +32% Margin 1,641 +49% 329 320 65% 1,302 306 285 231 243 971 191 45% 90 2014 2015 2016 2017 Q1 Q2 Q3 Q4 AIRPORT NET INCOME 49% Quarterly Inco

  8. Slide 8: Airport Operations: Airline Partners and New Routes

    12/04/2018 AIRPORT OPERATIONS 35 109 22 25 PARTNER 29 AIRLINE CARRIERS  8 Local  17 International AIRPORT OPERATIONS Details of new routes/frequency in 2017 Details of new routes/frequency in 2017 Airline Destination Start Date Aircraft/Frequency Airline Destination Start Date Aircraft/Frequency D

  9. Slide 9: 2018 Guidance and Segment Guidance

    12/04/2018 2018 GUIDANCE REVENUES EBITDA NET INCOME* (In M Php) +17% +12% +15% +30% 2,248 21,366 4,949 +9% +19% 1,920 (18%) +14% 19,159 1,853 17,658 4,289 +54% +66% +19% 15,442 3,611 1,474 +63% 3,030 10,042 887 1,859 2014 2015 2016 2017 E2018 2014 2015 2016 2017 E2018 2014 2015 2016 2017 E2018 *incl

  10. Slide 10: Clark International Airport (Hybrid PPP)

    12/04/2018 CLARK INTERNATIONAL AIRPORT (Hybrid PPP)  Megawide EPC component  Construction of new terminal to accommodate 8 million passengers per annum  Contract Cost: P9.36 Billion  50/50 JV with GMR  Estimated Construction Period: 29 months  Payment Terms based on three milestones:  Upon co

  11. Slide 11: Unsolicited Proposal for MCIA and NAIA

    12/04/2018 UNSOLICITED PROPOSAL FOR MCIA  Submitted last 07 June 2017  Investment: P208 billion (US$4 billion)  Three Main Phases: 1. Takeover airside facility and subsequently undertake the following: a. rehabilitation of the existing runway and taxiways b. construction of an additional full len

  12. Slide 12: Disclaimer

    12/04/2018 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 a

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