Malaysian Resources Corp. Bhd. · MYX:MRCB

Malaysian Resources Corp. Bhd — Q2 2021 Earnings Presentation

18 slides from Malaysian Resources Corp. Bhd's earnings presentation, Jun 30, 2021

  1. Slide 1: Analyst Briefing, Quarter Ended 30 June 2021

    ANALYST BRIEFING Quarter Ended 30 June 2021 oo t of News| . FTSE4GOOD Bursa Malaysia Index ion of the 9 Seputeh’s Promenade Boulevard

  2. Slide 2: Table of Contents

    1060 Carnegie in Melbourne, Australia ‘GDV RM3O0 milion ‘Completed December 2019 MCB Table of Contents W MRCB Financial Summary Key Highlights Financial Performance Segmental Reporting: Overview Segmental Reporting: Property Development & Investment Segmental Reporting: Engineering, Construction & E

  3. Slide 3: MRCB Financial Summary

    MRCB Financial Summary MRCB 1H FY2021 Overview MRCB Segment Overview Revenue Loss Before Tax Property Engineering & Others RM 452 mil. RM 33 mil. Development Construction 24% y-o-y 83% y-o-y Revenue 37% y-o-y RM mil. 275 156 21 Loss After Tax Net Gearing RM 36 mil. 83% y-o-y 0.29x Revenue Contributi

  4. Slide 4: Key Highlights

    Key Highlights Revenue (RM mil.) Operating Profit (RM mil.) PBT (RM mil.) EPS (sen) 24% 92% 83% 87% 593 452 1H2020 1H2021 1H2020 1H2021 1H2020 1H2021 (14) (33) (0.61) (196) 1H2020 1H2021 (4.64) (169) • The lower Revenue in the first half of 2021 was largely due to the MCO 3.0 and FMCO lockdowns and

  5. Slide 5: Key Highlights

    Key Highlights Site closure External projects Internal projects Site operating 2021 Lockdowns Sentral 9 Seputeh Duration DASH SUKE MRT2 PR1MA Alstonia Kwasa C8 in 1H FY2021 Suites (TRIA) Recovering MCO (RMCO) 1 Jan – 4 Mar 10 days 10 days 7 days 3 days 4 days Conditional MCO (CMCO) 5 Mar – 2 May 5 d

  6. Slide 6: Financial Performance

    Financial Performance Q2 (3M) 1H (6M) Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 226 167 35.0% 452 593 (23.7)% Other Operating Income 8 10 (20.8)% 17 18 (5.1)% Total Revenue 234 177 31.8% 470 611 (23.1)% Operating Expenses 263 386 (32.0)% 483 780 (38.0)% Operating P

  7. Slide 7: Financial Performance

    Financial Performance Revenue Operating Profit* and Margin* 16 42 15 298 309 13.6% (29) 5.3% 6.6% (12.7)% 227 226 167 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 (124.9)% Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 (209) PBT* and Margin* EPS* (sen) 35 6 0.61 8 0.02 0.12 (0.73) 2.6% 11.2% 2.5% (16.9)% Q2'20 Q3'20 Q4'20 Q1'21 Q2

  8. Slide 8: Financial Performance

    Financial Performance RM Million 30 June 2021 31 March 2021 NAV Per Share* (sen) Total Assets 103.1 103.1 103.1 103.3 Current Assets 2,712 2,793 Non-Current Assets 5,412 5,380 101.5 Assets held for sale - - Total Assets 8,124 8,173 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Total Liabilities Current Liabilities

  9. Slide 9: Financial Performance

    Financial Performance Leverage Profile (RM Million) 30 June 2021 31 March 2021 Net Debt and Gearing Debt Short Term Borrowings 710 598 0.30x Long Term Borrowings 1,235 1,230 0.30x 0.29x HP creditors 0 0 1,381 0.26x 0.30x 1,310 Total Debt 1,945 1,828 1,191 1,090 1,200 Less: Deposits, cash and bank ba

  10. Slide 10: Segmental Reporting

    Segmental Reporting Revenue Split – RM452 mil. Revenue Contribution Analysis 593 1H2020 4% E&C 452 1H2021 336 35% Property 275 231 Development 156 Others** 26 21 61% Group E&C Property Others** Development Segmental Profit Split – RM(17) mil. 29 16 (17) (33) (1) (0) Group E&C Property Others** Devel

  11. Slide 11: Segmental Reporting – Key Highlights

    Segmental Reporting – Key Highlights Q2 (3M) 1H Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 143 100 42.8% 275 336 (18.3)% Profit 3 4 (24.0)% 16 29 (42.4)% Margin* (%) 2.3% 4.4% 6.0% 8.5% Profit* and Margin* Performance Discussion Contributed 61% of Group revenue, lar

  12. Slide 12: Segmental Reporting – Property Sales of RM107.4 Million

    Segmental Reporting – Key Highlights Property Sales of RM107.4 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown YTD 2021 Project (RM’mil) 30 June 2021 (RM’mil) Completed Projects Sentral Residences 1,439 99% 0.0 VIVO 9 Seputeh 980 82% 5.1 Kalista, Bukit Rahman Putra 102 85% 0.0 67

  13. Slide 13: Total Unbilled Sales of RM979 Million

    Segmental Reporting – Key Highlights Total Unbilled Sales of RM979 Million Breakdown of Unbilled Sales Revenue Recognised* 6M FY2021 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 24% Sentral Suites 52.1% 97.0 688.0 TRIA 9 Seputeh 43

  14. Slide 14: What We Have To Sell: RM0.8 Billion

    Segmental Reporting – Key Highlights What We Have To Sell: RM0.8 Billion Projects Under Construction Completed Unsold Units Total RM398.2 mil. RM412.4 mil. RM810.6 mil. Total excluding unlaunched retail/office units in 1060 Carnegie and VIVO 9 Seputeh = RM234.3 mil. Breakdown of Completed Unsold Uni

  15. Slide 15: Land Bank

    Land Bank Land Size GDV Start Completion % Stake (Acres) RM' mil. Date Date Transport Oriented Developments KL Sentral: Lot F 5.70 3,949 100% 2022 2027 PJ Sentral Garden City 11.91 2,700 100% 2013 2026 Penang Sentral 21.97 2,698 100% 2015 2027 Cyberjaya City Centre 41.45 5,350 70% 2017 2024 Kwasa Se

  16. Slide 16: Segmental Reporting – Key Highlights

    Segmental Reporting – Key Highlights Q2 (3M) 1H Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 72 57 27.0% 156 231 (32.4)% Profit (31) (208) 85.0% (33) (196) 83.1% Margin* (%) (43.5)% >(100)% (21.1)% (84.5)% Profit* and Margin* Performance Discussion Contributed 35% of

  17. Slide 17: Unbilled External Order Book – RM17,582 mil.

    Segmental Reporting – Key Highlights Unbilled External Order Book – RM17,582 mil. External Order Book Analysis Contract Value Progress** External Contracts (RM Million) Fee-based Buildings: 6% Desaru Convention Centre 62 99% Infra PR1MA Brickfields 335 19% 30% Buildings FINAS 170 8% 3% Infra: MRT2 V

  18. Slide 18: An artist's impression of Kwasa Sentral (GDV RMT million)

    An artist's impression of Kwasa Sentral (GDV RMT 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 NEFscroup mr

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