Crescendo Corp. Bhd. · MYX:CRESNDO
Crescendo Corp. Bhd — 2Q FY2021 Earnings Presentation
50 slides from Crescendo Corp. Bhd's earnings presentation, Sep 30, 2020
Slide 1: Corporate Profile
CORPORATE PROFILE 30 September 2020
Slide 2: Property Development
crescendo PROPERTY DEVELOPMENT
Slide 3: Development Landbank
DEVELOPMENT LANDBANK Project /Taman Distance Status Type of Development from JB Development Land (Acres) Bandar Cemerlang 20km * - Tebrau, Johor Bahru Approved (i) Mixed 802 - Kota Tinggi Approved (i) Mixed 526 * Taman Perindustrian 16km Approved Industrial/ 54 Cemerlang Commercial * Desa Cemerlang
Slide 4: Location Landbank
F'crescendo LOCATION LANDBANK BOTA TINGEI yi; a (9,390 acres) ESA CERIERLANG & TAMHAN PERINDUSTRIAN CEMERLANG (1,100 acres) TAMA DATO ‘CHELAN OP | TAaan PERINDUSTRIAN f] MUSA CEMERLANG (NCIP) con tenene — i (527 acres)
Slide 5: Bandar Cemerlang (BC)
BANDAR CEMERLANG (BC) • 1,328 acres of freehold land bank near Ulu Tiram to be developed into a self- contained new township of residential/commercial/industrial developments. • Interchange completed in June 2011. It provides easy access to Bandar Cemerlang via the new Johor Bahru-Kota Tinggi Highwa
Slide 6: Bandar Cemerlang (BC)
BANDAR CEMERLANG (BC) • To date, the total value of GDV launched from this project is RM700 million. This comprised 661 units of medium high cost landed houses with GDV of RM460 million, such as three storey cluster, double storey terrace, cluster and semi-detached houses that are meticulously desig
Slide 7: Layout Plan of BC
crescendo LAYOUT PLAN OF BC BANDAR CEMERLANG TETUAN CRESCENDO DEVELOPMENT SDN. BHD.
Slide 8: Taman Perindustrian Cemerlang (TPC)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) • TPC, a 600-acre industrial park with close to 980 factories, is fully developed and is one of the largest industrial parks in Johor. • Located approximately 18km from Johor Bahru, 32km from Senai Airport and 19km from Singapore.
Slide 9: Taman Perindustrian Cemerlang (TPC)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) • We have launched the final phase of TPC last year with GDV of RM91 million. • To date we have sold more than 80% of the current phase.
Slide 10: Desa Cemerlang (DC)
DESA CEMERLANG (DC) • Self contained matured township development next to TPC with 6,900 units of mixed development and to date we have developed more than 90% of this land. • The current ongoing development for this project is 30 units of shop offices with total GDV of RM45 million and total value
Slide 11: Layout Plan of DC & TPC
F'crescendo LAYOUT PLAN OF DC & TPC DESA CEMERLANG & TAMAN PERINDUSTRIAN CEMERLANG CRESCENDO GROUP OF COMPANIES |
Slide 12: Nusa Cemerlang Industrial Park (NCIP)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) • 527 acres of gross development land with 15.98 acres of the land to build commercial and residential properties. • Main infrastructures such as rail, port and major highway are all in place nearby. • To date, about 50% of the land was developed with 197 units
Slide 13: Location Plan of NCIP
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Slide 14: Layout Plan of NCIP
crescendo LAYOUT PLAN OF NCIP TAMAN PERINDUSTRIAN NUSA CEMERLANG, MUKIM PULA\, DAERAH JOHOR BAHRU, JOHOR. Syit Piawai : 70 Skala 1:6000
Slide 15: Panoramic Land Sdn Bhd (PLSB)
PANORAMIC LAND SDN BHD (PLSB) • This is the industrial property investment arm for rental purposes. • Currently, there are 17 plots of land measuring approximately 48 acres located at NCIP, of which 11 units of factories have been completed. The 11 units of factories with GDV of RM241 million are cu
Slide 16: Tanjung Senibong
TANJUNG SENIBONG • Prime mixed residential and commercial development of 221.58 acres of land. • Comprises 1,854 units of residential properties to be built on 33.05 acres of land and commercial complex / service apartments on 6 plots of net land measuring 72.68 acres. • A water front project locate
Slide 17: Layout Plan of Tanjung Senibong
LAYOUT PLAN OF TANJUNG SENIBONG
Slide 18: Taman Dato' Chellam (TDC)
TAMAN DATO’ CHELLAM (TDC) • 37.6 acres of mixed development land acquired on 12 May 2004. • Opposite to TPC and DC. • The last phase of this project comprises 131 PKJ B townhouse and 258 RMMJ townhouse units with total GDV of RM52 million. • 130 units out of 131 units of PKJ B project with GDV of RM
Slide 19: Layout Plan of TDC
F'crescendo LAYOUT PLAN OF TDC WYTISHO OLVONVAVL
Slide 20: Ambok Resorts
AMBOK RESORTS • The completion of Sg Johor Bridge project in tandem with Senai-Desaru Highway has enhanced the accessibility and land value of this 794-acre landbank in Kota Tinggi. • Zoned for mixed development and possible to start developing this land in 6 years’ time. • The Pengerang Integrated
Slide 21: Location Plan of Ambok Resorts
LOCATION PLAN OF AMBOK RESORTS Senai-Desaru Highway
Slide 22: Construction
YX F' crescendo CONSTRUCTION
Slide 23: Construction Activities
CONSTRUCTION ACTIVITIES • Undertaken by Unibase group, which commenced activities in August 1989. • Undertakes mainly in-house contracts with some external contracts under Repute Construction Sdn. Bhd.
Slide 24: Concrete Manufacturing
crescendo CONCRETE MANUFACTURING
Slide 25: Concrete Manufacturing
CONCRETE MANUFACTURING • Operates 3 ready-mix concrete plants with a total capacity of 300 cubic m/hr. These 3 plants also manufacture ‘u’ drains, concrete pipes/culverts, piles and other precast concrete products for export market. • Ready-mix concrete plants and other concrete products cater for b
Slide 26: Education
crescendo EDUCATION
Slide 27: Education
EDUCATION • Crescendo International College (“CIC”) caters for Cambridge A-levels, tertiary education and professional qualification. • Crescendo-HELP International School (“CHIS”) offers primary and secondary education based on International General Certificate of Secondary Education (IGCSE) syllab
Slide 28: Education
EDUCATION • As part of the Group’s effort in “Returning to the Society”, scholarships are awarded based on merit and on a need basis to keep its promise of offering quality education to Malaysian students. • The Group has acquired a piece of land adjacent to CIC of approximately 4.6 acres with the i
Slide 29: Near-Term Prospects
NEAR-TERM PROSPECTS • The unbilled sales from the total committed property sales as at 30 September 2020 is RM111 million. • Based on the lock-in sales, the Group’s performance in FY2021 is expected to remain satisfactory and main contributor will be from sales of landed residential, industrial and
Slide 30: Near-Term Prospects (Cont.)
NEAR-TERM PROSPECTS (CONT.) • Development for Financial Year 2021 to 2023 Dev elopment Type Unit av ailable / GDV launched Unit RM m Launched Projects up to 30 September 2020 - Three storey shop 63 77 - Double storey house 206 156 - Detached, semi-d and terrace factories 26 134 - Affordable houses -
Slide 31: Medium-to-Long Term Prospects
MEDIUM-TO-LONG TERM PROSPECTS • Demand for landed medium cost residential, industrial and commercial property market is expected to remain good especially in Iskandar Malaysia region for the next few years. • Continue to concentrate our effort to develop landed residential properties in Bandar Cemer
Slide 32: Strategies
crescendo STRATEGIES
Slide 33: Strategies
STRATEGIES • In view of the uncertainties in both the national and global economies outlook, the Group will continue to focus on landed medium cost and affordable housing development. • Continue to develop in smaller phases to be conservative. • Continue to sell substantially built and completed bui
Slide 34: Business Outlook
crescendo BUSINESS OUTLOOK
Slide 35: Business Outlook
BUSINESS OUTLOOK • The outbreak of COVID-19 has led to slower demand on properties as the people will tend to postpone major expansion or relocation decision and potential buyer are likely to adopt a wait and see approach for this year. • However with all the stimulus packages announced by the Malay
Slide 36: Thank You
crescendo THANK YOU
Slide 37: Appendix
crescendo APPENDIX
Slide 38: Group's Performance for the Past 3 Years
GROUP’S PERFORMANCE FOR THE PAST 3 YEARS 2018 2019 2020 2Q2021* Revenue (RM’000) 277,161 295,590 258,249 84,590 Profit Before Tax (RM’000) 47,232 54,051 50,126 10,963 Profit After Tax (RM’000) 34,257 37,354 27,967 6,777 Margin - Profit Before Tax (%) 17.04 18.29 19.41 12.96 - Profit After Tax (%) 12
Slide 39: Analysis by Segments
ANALYSIS BY SEGMENTS REVENUE PROFIT Margin 2020 2Q2021* 2020 2Q2021* 2020 2Q2021* (RM’000) (RM’000) (RM’000) (RM’000) % % Property Development & Construction 169,699 47,183 56,356 13,142 33 28 Manufacturing & trading 48,863 16,036 4,679 1,317 10 8 Property investment 7,743 4,308 3,454 2,436 45 57 Ed
Slide 40: Results by Segment (FY2020) - Revenue
RESULTS BY SEGMENT (FY2020) REVENUE Education, management services and others 13% Property investment 3% Property development Manufacturing and and construction trading 66% 18%
Slide 41: Results by Segment (FY2020) - Profit
RESULTS BY SEGMENT (FY2020) PROFIT (EBIT) Education, management services and others 21% Property investment 4% Property development and construction Manufacturing and 69% trading 6%
Slide 42: Dividend Payment Ratio (Times)
DIVIDEND PAYMENT RATIO (TIMES) 2018 2019 2020 2Q2021* Profit Attributable (RM’000) 32,128 34,328 26,296 5,682 Net Dividend Declared (RM’000) 16,765 16,765 8,383 5,588 Dividend (Sen) 6.0 6.0 3.0 2.0 Dividend Yield (%) 4.1 4.8 2.5 N/A Dividend Pay-out (%) 52.2 48.8 31.9 N/A Market Price (RM) 1.45 1.25
Slide 43: Group's Performance for the Past 5 Years - EPS
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Earnings Per Share 30 25 20 Sen 15 10 5 0 2016 2017 2018 2019 2020 Series1 8 25 11 12 9 Financial Year
Slide 44: Group's Performance for the Past 5 Years - Revenue
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Revenue 350.00 300.00 250.00 200.00 RM'mil 150.00 100.00 50.00 0.00 2016 2017 2018 2019 2020 Revenue (RM'mil) 194.57 254.36 277.16 295.59 258.25 Financial Year
Slide 45: Group's Performance for the Past 5 Years - PBT
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Profit Before Tax 90.00 80.00 70.00 60.00 RM'mil 50.00 40.00 30.00 20.00 10.00 0.00 2016 2017 2018 2019 2020 PBT (RM'mil) 36.37 81.13 47.23 54.05 50.13 Financial Year
Slide 46: Corporate Structure
CORPORATE STRUCTURE Business Activities Property Division Construction Division Others Building Education Property Resort Concrete Property Construction investment & Development Products Development Management (future) Civil Services Engineering
Slide 47: Corporate Structure (Cont.)
CORPORATE STRUCTURE (CONT.)
Slide 48: Corporate Fact Sheet
CORPORATE FACT SHEET Listed On: April 8, 1997 (Main Board) Issued Shares: 280.5 mil (30 September 2020) Market Capitalization as of 30 September 2020: RM251 mil (@RM0.895) Par Value Per Share: RM1.00 NTA/Share: RM3.24 (31 July 2020) Major Shareholders: Sharikat Kim Loong Sendirian Berhad (68.62%) (2
Slide 49: Corporate Fact Sheet (Cont.)
CORPORATE FACT SHEET (CONT.) Corporate Address: 18th Floor, Public Bank Tower No. 19, Jalan Wong Ah Fook 80000 Johor Bahru Johor, Malaysia Telephone number: +607 224 8316 Fax: +607 223 2562 Website: www.crescendo.com.my
Slide 50: Thank You
crescendo THANK YOU
Crescendo Corporation Berhad — 2Q FY2021 Earnings Presentation on 6ix