Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — Q3 FY2022 Earnings Presentation
19 slides from Eco World Development Group Bhd's earnings presentation, September 2022
Slide 1: Corporate Presentation 3Q FY2022
Corporate Presentation 3Q FY2022 Sept 2022
Slide 2: FY2022 Sales Performance
Enhancing Value FY2022 SALES PERFORMANCE ON TRACK TO EXCEED SALES TARGET RM3.5 B RM3.4 B 98% FY2022 SALES TARGET TOTAL RECORDED AS AT SALES TARGET ACHIEVED IN AUG 2022 10 MONTHS
Slide 3: Sales Breakdown by Quarters
Enhancing Value SALES BREAKDOWN BY QUARTERS STRONG TAKE-UP OF UPGRADER HOMES & INDUSTRIAL PRODUCTS Sales (in RM’mil) PRODUCT LAUNCHES Bungalow, Semi-D & Terrace Nov 2021 - Feb 2022 1,276 Eco Majestic & Eco Horizon Cluster Factory & Industrial Land EBP I & EBP V Cluster Semi-D, Cluster Home & Terrace
Slide 4: Sales Performance by Region
Enhancing Value SALES PERFORMANCE BY REGION 10 MONTHS (NOV 2021 – AUG 2022) Eco North 14% Sales (in RM’mil) YTD Eco Central Eco South Sales % 55% 1,889 31% June – August 2022 1,062 • Eco Central continued to generate steady sales, with RM661 million achieved. 709 661 • Eco South recorded RM445 milli
Slide 5: Sales Performance by Product Type
Enhancing Value SALES PERFORMANCE BY PRODUCT TYPE 10 MONTHS (NOV 2021 – AUG 2022) Industrial 21% Sales (in RM’mil) YTD Sales % 2,710 Residential & Commercial 79% June – August 2022 • On the industrial front, the collective 10 months YTD sales by Eco Business Parks I, II, III and V total RM730 1,121
Slide 6: Financial Updates
Enhancing Value FINANCIAL UPDATES
Slide 7: 3Q FY2022 Financials
Enhancing Value FINANCIAL UPDATES 3Q FY2022 FINANCIALS 1% 124% 326% 600,000 5,335 550,000 500,000 448,909 443,971 27,234 450,000 400,000 350,000 300,000 250,000 12,184 200,000 150,000 100,000 -16,000 -12,034 50,000 0 0 3Q FY2021 3Q FY2022 3Q FY2021 3Q FY2022 3Q FY2021 3Q FY2022 Revenue was lower by
Slide 8: 3Q YTD FY2022 Financials
Enhancing Value FINANCIAL UPDATES 3Q YTD FY2022 FINANCIALS 8% 3% 179% 36,709 1,800,000 1,750,000 1,700,000 1,650,000 1,484,288 70,495 72,388 1,600,000 1,550,000 1,500,000 1,376,717 1,450,000 1,400,000 1,350,000 1,300,000 1,250,000 1,200,000 10,000 1,150,000 1,100,000 1,050,000 1,000,000 50,000 950,0
Slide 9: 3Q FY2022 Financials: PAT
Enhancing Value FINANCIAL UPDATES 3Q FY2022 FINANCIALS 96% 32% 58,426 46,392 50,000 35,147 50,000 29,812 0 0 3Q FY2021 3Q FY2022 3Q FY2021 2Q FY2022 PAT (Malaysian Operations) excluding Improved performance of EcoWorld International, grew by 96% due to: Malaysian Operations sustained • Higher gross
Slide 10: 3Q YTD FY2022 Financials: PAT
Enhancing Value FINANCIAL UPDATES 3Q YTD FY2022 FINANCIALS 79% 11% PAT growth 184,585 200,000 155,430 contributed by: 00,000 139,902 Improved Gross Profit and Reduction in 150,000 Expenses & Finance Cost 50,000 103,193 100,000 3Q YTD 2021 3Q YTD 2022 Changes (RM’000) (RM’000) 00,000 Gross Profit 261
Slide 11: Future Revenue as at Aug 2022
Enhancing Value FUTURE REVENUE AS AT 31 AUG 2022 EcoWorld Future revenue from locked-in sales Malaysia remains high RM3.9 B + RM4.2 billion EcoWorld This provides: International 1) Clear earnings visibility RM0.3 B 2) Strong cash-flow certainty
Slide 12: Improving Balance Sheet
Enhancing Value IMPROVING BALANCE SHEET AS AT 31 JULY 2022 RM mil RM / times 4,500 0.9 Balance sheet continues to strengthen: 4,000 0.77 0.8 0.70 3,500 0.7 • Lower net borrowings to RM1.7 billion 0.62 as at 31 July 2022 3,000 0.6 2,500 0.44 0.5 • Reduction of Net Gearing ratio to 0.35 2,000 0.4 time
Slide 13: Commitment to Dividend Payment
Enhancing Value COMMITMENT TO DIVIDEND PAYMENT 3Q FY2022 FINANCIALS 1 sen Stronger Balance Sheet & improved gearing position enabled dividend payments to continue in FY2022 interim dividend Dividend Per Share Dividend Payout declared in 3Q FY2022 (sen) (RM’mil) 2021 2022 2021 2022 3 sen total interi
Slide 14: Sustainability Updates
Enhancing Value SUSTAINABILITY UPDATES
Slide 15: Sustainable Financing
Enhancing Value SUSTAINABLE FINANCING MOU WITH PUBLIC BANK • Signed an MOU with Public Bank to introduce the Bank’s Sustainable Financing Package for customers that purchase properties which have attained green certifications such as Green Building Index, GreenRE, etc. • Currently, close to 90% of o
Slide 16: ESG Grading Achieved
Enhancing Value FTSE4GOOD BURSA MALAYSIA LATEST REVIEW – JUNE 2022 ESG GRADING ACHIEVED Top 25% by ESG Ratings amongst PLCs in FBM EMAS that have been assessed by FTSE Russell ✓ FTSE4Good Bursa Malaysia Index ✓ FTSE4Good Bursa Malaysia Shariah Index
Slide 17: Conclusion
| Enhancing Value CONCLUSION ECOWorLD /j'CREATE
Slide 18: Summary
Enhancing Value SUMMARY EcoWorld Malaysia • On track to exceed RM3.5 billion sales target for FY2022 • Focus on Enhancing Value for all stakeholders: o Amplify value creation for customers to improve profitability to reward shareholders o Extend life of valuable matured landbank for sustained future
Slide 19: EcoWorld: Creating Tomorrow & Beyond
ECOWorLD | [OCRENTE CREATING TOMORROW & BEYOND. ,
Eco World Development Group Berhad — Q3 FY2022 Earnings Presentation on 6ix