Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q2 2024 Earnings Presentation
17 slides from Malaysian Resources Corp. Bhd's earnings presentation, Jun 30, 2024
Slide 1: Analyst Briefing – Quarter Ended 30 June 2024
ANALYST BRIEFING Quarter Ended 30 June 2024 www.mrcb.com Disclaimer This presentation may contain forward-looking statements, including estimates, assumptions, forecasts, or projections made by MRCB’s management after due inquiry. These are subject to various known & unknown risks & uncertainties th
Slide 2: MRCB H1 2024 Overview
MRCB H1 2024 OVERVIEW YoY Financial Highlights MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others Development Construction RM 848 mil. RM 67 mil. (37)% y-o-y 88% y-o-y Revenue 37% y-o-y RM mil. 169 643 36 Profit After Tax Net Gearing RM 54 mil. 178% y-o-y 0.27x Revenue Con
Slide 3: Financial Highlights – H1 2024 vs H1 2023
Financial Highlights – H1 2024 vs H1 2023 Financial Performance Highlights • Revenue down 37% in H1 2024 vs H1 2023: Revenue (37)% YoY Operating Profit 28% YoY Lower contributions from PDI (completed RM848 mil. RM113 mil. projects) and ECE divisions • PBT up 88% and PAT up 178% in H1 2024 vs H1 PAT
Slide 4: Segmental Reporting: Property Development & Investment
Segmental Reporting: Property Development & Investment H1 2024 Key Highlights Performance Discussion RM497.4 mil. RM558.7 mil. Contributed 20% of Group revenue. Property Sales Property Unbilled Sales Revenue came from sales of completed unsold units in Sentral Suites, VIVO 9 RM1.8 bil. RM5.7 bil. Se
Slide 5: Property Development & Investment: New Launches Sales Update
Segmental Reporting: Property Development & Investment New Launches – Sales Update VISTA Sales Achieved % Sales GDV Breakdown of Project Total GDV Achieved Sales YTD** AUD504 mil. Sales rate as of YTD 2024 (RM’mil) July 2024 to date* (RM’mil) (RM’mil) ~RM1.5 bil. RM497.4 mil. Completed Projects GDV
Slide 6: Property Development & Investment: What We Have To Sell
Segmental Reporting: Property Development & Investment What We Have To Sell: RM1.8 bil. Unbilled Sales Construction Revenue Unbilled 1 Completed Unsold Units in Malaysia RM411.2 mil. From Ongoing Project Progress Recognised Sales (RM’mil) (RM’mil) Breakdown by GDV (RM’ million) Projects 142.1 Lilium
Slide 7: Property Projects in the Pipeline
Segmental Reporting: Property Development & Investment Property Projects in the Pipeline: RM 7.6 bil. GDV Future Launches 2024 & 2025: RM5.7 bil. GDV 2023 Launches Target Launch GDV Units VISTA, Surfer’s Paradise, Gold Coast April 2023 ~RM1,511 mil (AUD504 mil) 280 Kwasa Sentral Plot F (Residensi Tu
Slide 8: Segmental Reporting: Engineering, Construction & Environment
Segmental Reporting: Engineering, Construction & Environment H1 2024 Key Highlights Performance Discussion RM25.8 RM26.1 bil. RM15.7 bil. Contributed 76% of Group Revenue. External External Construction Construction Construction Unbilled Order Book11 Order Order Book2 Lower revenue and higher profit
Slide 9: Engineering, Construction & Environment: Projects Awarded and Tender Book
Segmental Reporting: Engineering, Construction & Environment Projects Awarded YTD 2024 | RM250 million Project Name Contract Value Project Timeline • Sungai Langat, Phase 2 – Flood mitigation project RM250 mil. Start : Jan 2024 Target completion: 6 years Projects Under Negotiation | RM4 to 5 billion
Slide 10: Construction Order Book as at 30 June 2024
Segmental Reporting: Engineering, Construction & Environment Construction Order Book as at 30 June 2024 RM26.1 bil.1 Order Book Analysis: Fee-based 5% Unbilled Order Book as at 30 June 2024 Buildings Buildings Infra RM15.7 bil.1 44% 1% TOD External Contracts (RM Million) Contract Value Progress 2 En
Slide 11: MRCB Key ESG Updates
MRCB Key ESG Updates Climate Change & the Environment Good Corporate Governance Target: Net Zero Carbon (Scope 1, 2 and 3) by 2050 Target: Best-In-Class Practices & Disclosures MRCB’s Anti-Bribery Management System, 46% reduction in Scope 1 and Scope 2 carbon Commitment to ISO 37001:2016 certificati
Slide 12: Thank You
THANK YOU Quarter Ended 30 June 2024 www.mrcb.com 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 mrcb.grou
Slide 13: Profit & Loss
Financial Performance Profit & Loss Q2 (3M) 6M Y-o-Y Y-o-Y RM Million FY2024 FY2023 FY2024 FY2023 Growth % Growth % Revenue 372 599 (37.9)% 848 1,342 (36.8)% Other Operating Income 15 10 52.6% 25 21 17.0% Operating Expenses (315) (569) (44.7)% (761) (1,275) (40.3)% Operating Profit 72 40 80.9% 113 8
Slide 14: Quarterly Analysis
Financial Performance Quarterly Analysis Revenue Operating Profit and Margin 692 599 19.4% 504 476 14.5% 372 9.2% 100 8.5% 6.7% 72 40 46 41 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 PBT and Margin EPS (sen) 11.9% 13.0% 1.80 80 1.15 3.7% 4.0% 48 2.6% 0.24 0.03 0.07 15 19 19 Q2'23 Q3
Slide 15: Balance Sheet and Debt Profile
Financial Position Balance Sheet Debt Profile NAV Per Share* (sen) Total Assets Total Debt 102.9 103.1 RM8,906 mil. RM2,075 mil. 102.8 FY2023 RM8,845 mil. FY2023 RM1,802 100.9 100.9 Total Liabilities Deposits, Cash & Bank RM4,297 mil. Balances Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 FY2023 RM4,245 mil. RM842
Slide 16: Reporting Overview: Revenue and Profit Split
Segmental Reporting Overview Revenue Split – RM848 million Revenue Contribution Analysis 4% 1,342 1H 2023 E&C 940 1H 2024 848 643 20% Property 369 Development 169 32 36 Others* Total E&C Property Others* 76% Development Segmental Profit Split – RM108 million 1H 2023 108 106 1H 2024 78 43 33 17 (15)
Slide 17: Land Bank
Land Bank Developed Ongoing GDV Yet to be Land Size GDV % Stake GDV Development Developed Acres RM' mil RM’mil GDV RM’mil RM’mil Transport Oriented Developments KL Sentral (Lot F & Lot R)* 6.08 4,154 100% 0 0 4,154 PJ Sentral Garden City 11.91 3,291 100% 1,069 0 2,222 Penang Sentral 22.65 2,689 100%
Malaysian Resources Corporation Berhad — Q2 2024 Earnings Presentation on 6ix