Malaysian Resources Corp. Bhd. · MYX:MRCB

Malaysian Resources Corp. Bhd — Q4 2020 Earnings Presentation

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

  1. Slide 1: Analyst Briefing: Quarter Ended 31 December 2020

    ANALYST BRIEFING Quarter Ended 31 December 2020 www.mrcb.com 11 An artist’s impression of the 9 Seputeh’s Promenade Boulevard

  2. Slide 2: Table of Contents

    1060 Carnegie in Melbourne, Australia GDV RM300 million Table of Contents Completed December 2019 3 Our Response To COVID-19 4 MRCB Financial Summary 5 Key Highlights 6 Financial Performance 10 Segmental Reporting: Overview 11 Segmental Reporting: Property Development & Investment 16 Segmental Repor

  3. Slide 3: Our Response To COVID-19: Ensuring A Sustainable Business

    Our Response To COVID-19 Ensuring A Sustainable Business Immediate Response Long-term Response to COVID-19 Impact Activated Business Continuity Plan Revisit the Group’s Strategy • Work-from-home implemented seamlessly • Review upcoming launches • Work at all sites resumed upon implementation of CMCO

  4. Slide 4: MRCB Financial Summary

    MRCB Financial Summary MRCB FY2020 Overview MRCB Segment Overview Revenue Loss Before Tax Property Engineering & Others Development RM 1,199 mil. RM (153) mil. Construction 9% y-o-y >100% y-o-y Revenue 37% y-o-y RM mil. 635 515 49 Loss After Tax Net Gearing RM (176) mil. >100% y-o-y 0.24x Revenue Co

  5. Slide 5: Key Highlights: FY2020 vs. FY2019

    Key Highlights FY2020 vs. FY2019 Revenue (RM mil.) Operating Profit (RM mil.) PBT (RM mil.) EPS (sen) 1,319 9% 227% 389% 839% 92 53 22* Excludes impairment 0.54 1,199 provisions FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 (117) (3.99) (153) Key Highlights • The lower revenue and profit r

  6. Slide 6: Profit & Loss

    Financial Performance Profit & Loss Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2020 FY2019 FY2020 FY2019 Growth % Growth % Revenue 309 472 (34.5)% 1,199 1,319 (9.1)% Other Operating Income 14 12 16.5% 48 101 (52.7)% Total Revenue 323 484 (33.2)% 1,247 1,420 (12.2)% Operating Expenses 281 457 (38.5)% 1,364

  7. Slide 7: Quarterly Analysis

    Financial Performance Quarterly Analysis Revenue Operating Profit* and Margin* 472 426 42 36 8.4% 13.6% 298 309 27 6.0% 16 167 5.3% (5.1)% Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 (9) PBT* and Margin* EPS* (sen) 35 27 0.61 20 6.3% 11.2% 4.6% 0.35 8 0.14 2.6% 0.02 Q4'19 Q1'20 Q2'20

  8. Slide 8: Balance Sheet

    Financial Performance Balance Sheet RM Million 31 Dec 2020 30 Sep 2020 NAV Per Share* (sen) Total Assets 108.6 109.3 Current Assets 3,002 3,023 Non-Current Assets 5,351 5,307 Assets held for sale - - 103.8 103.1 103.1 Total Assets 8,353 8,330 Total Liabilities Current Liabilities 1,675 1,634 Q4'19 Q

  9. Slide 9: Borrowings

    Financial Performance Borrowings Leverage Profile (RM Million) 31 Dec 2020 30 Sep 2020 Net Debt and Gearing Debt Short Term Borrowings 639 622 Long Term Borrowings 1,294 1,333 0.30x 0.27x HP creditors 0 0 1,413 1,381 0.26x 1,312 0.23x 0.24x Total Debt 1,933 1,955 1,191 1,091 Less: Deposits, cash and

  10. Slide 10: Segmental Reporting: Overview

    Segmental Reporting Overview Revenue Split – RM1,199 mil. Revenue Contribution Analysis 4% 1,319 FY2019 E&C 1,199 FY2020 680 Property 515 567 635 43% Development Others** 72 49 53% Group E&C Property Others** Development Segmental Profit Split – RM(120) mil. 102 77 47 23 7 2 Group E&C Property Other

  11. Slide 11: Property Development & Investment – Key Highlights

    Segmental Reporting – Key Highlights Property Development & Investment Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2020 FY2019 FY2020 FY2019 Growth % Growth % Revenue 146 195 (25.4)% 635 567 12.1% Profit 12 7 77.0% 47 77 (39.2)% Profit/(Loss) exc. Impairment Provisions 12 7 77.0% 51 77 (33.9)% Margin* (%)

  12. Slide 12: Property Development & Investment: Property Sales of RM187.3 Million

    Segmental Reporting – Key Highlights Property Development & Investment Property Sales of RM187.3 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown YTD Project (RM’mil) 31 December 2020 2020 (RM’mil) Completed Projects Sentral Residences 1,439 99% 28.0 VIVO 9 Seputeh 980 81% 30.7 49

  13. Slide 13: Property Development & Investment: Total Unbilled Sales of RM1.1 Billion

    Segmental Reporting – Key Highlights Property Development & Investment Total Unbilled Sales of RM1.1 Billion Breakdown of Unbilled Sales Revenue Recognised* 12M FY2020 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 24% Sentral Suites

  14. Slide 14: Property Development & Investment: What We Have To Sell

    Segmental Reporting – Key Highlights Property Development & Investment What We Have To Sell: RM0.9 Billion Projects Under Construction Completed Unsold Units Total RM383.3 mil. RM468.8 mil. RM852.1 mil. Total excluding unlaunched retail units in 1060 Carnegie and VIVO 9 Seputeh = RM669.6 mil. Breakd

  15. Slide 15: Property Development & Investment: Land Bank

    Land Bank Property Development & Investment 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

  16. Slide 16: Engineering, Construction & Environment – Key Highlights

    Segmental Reporting – Key Highlights Engineering, Construction & Environment ( Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2020 FY2019 FY2020 FY2019 Growth % Growth % Revenue 152 259 (41.4)% 515 680 (24.2)% Profit 24 20 23.2% (174) 23 >(100)% Profit/(Loss) exc. Impairment Provisions 24 20 23.2% (4.1) 23 >(

  17. Slide 17: Engineering, Construction & Environment: Unbilled External Order Book

    Segmental Reporting – Key Highlights Engineering, Construction & Environment Unbilled External Order Book – RM20,450 mil. External Order Book Analysis Contract Value Progress External Contracts (RM Million) Fee-based Buildings: 5% Desaru Convention Centre 62 99% PR1MA Brickfields 335 13% Buildings F

  18. Slide 18: Malaysian Resources Corporation Berhad contact details

    An artist’s impression of Kwasa Sentral (GDV RM11 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 2859 7070 Fax: 603 2780 7988 www.mrcb.com MRCBGroup

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